CREDIT AGREEMENT dated as of February 7, 2013, among SURVEYMONKEY.COM, LLC, as Borrower SURVEYMONKEY INC., The LENDERS Party Hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, and GOLDMAN...

Exhibit 10.23

EXECUTION VERSION

X.X. Xxxxxx

CREDIT AGREEMENT

dated as of

February 7, 2013,

among

XXXXXXXXXXXX.XXX, LLC,

as Borrower

SURVEYMONKEY INC.,

The LENDERS Party Hereto

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED,

and

XXXXXXX SACHS BANK USA

as Co-Syndication Agents,

SUNTRUST BANK

as Documentation Agent

X.X. XXXXXX SECURITIES LLC,

XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED,

and

XXXXXXX SACHS BANK USA

as Joint Lead Arrangers and Joint Bookrunners

TABLE OF CONTENTS



ARTICLE I
Definitions

SECTION 1.01.	Defined Terms	1
SECTION 1.02.	Classification of Loans and Borrowings	47
SECTION 1.03.	Terms Generally	47
SECTION 1.04.	Accounting Terms; GAAP; Pro Forma Calculations	48
SECTION 1.05.	Effectuation of Transactions	49

ARTICLE II
The Credits

SECTION 2.01.	Commitments	49
SECTION 2.02.	Loans and Borrowings	49
SECTION 2.03.	Requests for Borrowings	50
SECTION 2.04.	Swingline Loans	51
SECTION 2.05.	Letters of Credit	52
SECTION 2.06.	Funding of Borrowings	59
SECTION 2.07.	Interest Elections	59
SECTION 2.08.	Termination and Reduction of Commitments	61
SECTION 2.09.	Repayment of Loans; Evidence of Debt	61
SECTION 2.10.	Amortization of Term Loans	62
SECTION 2.11.	Prepayment of Loans	63
SECTION 2.12.	Fees	67
SECTION 2.13.	Interest	68
SECTION 2.14.	Alternate Rate of Interest	69
SECTION 2.15.	Increased Costs	69
SECTION 2.16.	Break Funding Payments	71
SECTION 2.17.	Taxes	72
SECTION 2.18.	Payments Generally; Pro Rata Treatment; Sharing of Setoffs	76
SECTION 2.19.	Mitigation Obligations; Replacement of Lenders	78
SECTION 2.20.	Defaulting Lenders	79
SECTION 2.21.	Incremental Facilities	82
SECTION 2.22.	Loan Modification Offers	85
SECTION 2.23.	Loan Repurchases	87

ARTICLE III
Representations and Warranties

SECTION 3.01.	Organization; Powers	89
SECTION 3.02.	Authorization; Enforceability	90
SECTION 3.03.	Governmental Approvals; Absence of Conflicts	90
SECTION 3.04.	Financial Condition; No Material Adverse Change	90
SECTION 3.05.	Properties	91
SECTION 3.06.	Litigation and Environmental Matters	92
SECTION 3.07.	Compliance with Laws and Agreements	93


SECTION 3.08.	Investment Company Status	93
SECTION 3.09.	Taxes	93
SECTION 3.10.	ERISA; Labor Matters	93
SECTION 3.11.	Subsidiaries and Joint Ventures; Disqualified Equity Interests	94
SECTION 3.12.	Insurance	94
SECTION 3.13.	Solvency	95
SECTION 3.14.	Disclosure	95
SECTION 3.15.	Collateral Matters	95
SECTION 3.16.	Federal Reserve Regulations	96
SECTION 3.17.	Anti-Terrorism Laws	96

ARTICLE IV
Conditions

SECTION 4.01.	Effective Date	97
SECTION 4.02.	Each Credit Event	99

ARTICLE V
Affirmative Covenants

SECTION 5.01.	Financial Statements and Other Information	100
SECTION 5.02.	Notices of Material Events	102
SECTION 5.03.	Additional Subsidiaries	103
SECTION 5.04.	Information Regarding Collateral	104
SECTION 5.05.	Existence; Conduct of Business	104
SECTION 5.06.	Payment of Taxes	105
SECTION 5.07.	Maintenance of Properties	105
SECTION 5.08.	Insurance	105
SECTION 5.09.	Books and Records; Inspection and Audit Rights	105
SECTION 5.10.	Compliance with Laws	106
SECTION 5.11.	Use of Proceeds and Letters of Credit	106
SECTION 5.12.	Further Assurances	106
SECTION 5.13.	Maintenance of Ratings	106
SECTION 5.14.	Databases; Software	107
SECTION 5.15.	Maintenance of Websites and Domain Names	107

ARTICLE VI
Negative Covenants

SECTION 6.01.	Indebtedness; Certain Equity Securities	107
SECTION 6.02.	Liens	110
SECTION 6.03.	Fundamental Changes; Business Activities	112
SECTION 6.04.	Investments, Loans, Advances, Guarantees and Acquisitions	113
SECTION 6.05.	Asset Sales	117
SECTION 6.06.	Sale/Leaseback Transactions	119
SECTION 6.07.	Hedging Agreements	119
SECTION 6.08.	Restricted Payments; Certain Payments of Indebtedness	119
SECTION 6.09.	Transactions with Affiliates	121


SECTION 6.10.	Restrictive Agreements	122
SECTION 6.11.	Amendment of Material Documents	123
SECTION 6.12.	Leverage Ratio	123
SECTION 6.13.	Interest Coverage Ratio	124
SECTION 6.14.	Fiscal Year	124

ARTICLE VII
Events of Default

SECTION 7.01.	Events of Default	125
SECTION 7.02.	Right to Cure	127

ARTICLE VIII
The Administrative Agent

ARTICLE IX
Miscellaneous

SECTION 9.01.	Notices	133
SECTION 9.02.	Waivers; Amendments	134
SECTION 9.03.	Expenses; Indemnity; Damage Waiver	136
SECTION 9.04.	Successors and Assigns	139
SECTION 9.05.	Survival	147
SECTION 9.06.	Counterparts; Integration; Effectiveness	148
SECTION 9.07.	Severability	148
SECTION 9.08.	Right of Setoff	148
SECTION 9.09.	Governing Law; Jurisdiction; Consent to Service of Process	149
SECTION 9.10.	WAIVER OF JURY TRIAL	149
SECTION 9.11.	Headings	150
SECTION 9.12.	Confidentiality	150
SECTION 9.13.	Interest Rate Limitation	151
SECTION 9.14.	Release of Liens and Guarantees	151
SECTION 9.15.	USA PATRIOT Act Notice	151
SECTION 9.16.	No Fiduciary Relationship	152
SECTION 9.17.	Non-Public Information	152

SCHEDULES:


Schedule 1.01	—	Existing Letters of Credit
Schedule 2.01	—	Commitments
Schedule 3.05(c)	—	Websites and Domain Names
Schedule 3.05(d)	—	Mortgaged Properties
Schedule 3.06	—	Litigation
Schedule 3.11A	—	Subsidiaries and Joint Ventures
Schedule 3.11B	—	Disqualified Equity Interests
Schedule 3.12	—	Insurance
Schedule 5.14	—	Post-Closing Collateral Obligations
Schedule 6.01	—	Existing Indebtedness


Schedule 6.02	—	Existing Liens
Schedule 6.04	—	Existing Investments
Schedule 6.05	—	Dispositions
Schedule 6.10	—	Existing Restrictions

EXHIBITS:


Exhibit A	—	Form of Assignment and Assumption
Exhibit B	—	Form of Borrowing Request
Exhibit C	—	Form of Guarantee and Collateral Agreement
Exhibit D	—	Form of Compliance Certificate
Exhibit E	—	Form of Interest Election Request
Exhibit F	—	Form of Perfection Certificate
Exhibit G	—	Form of Solvency Certificate
Exhibit H-1	—	Form of U.S. Tax Compliance Certificate for Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax Purposes
Exhibit H-2	—	Form of U.S. Tax Compliance Certificate for Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes
Exhibit H-3	—	Form of U.S. Tax Compliance Certificate for Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes
Exhibit H-4	—	Form of U.S. Tax Compliance Certificate for Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes
Exhibit I	—	Form of Affiliated Assignment and Assumption
Exhibit J	—	Auction Procedures

CREDIT AGREEMENT dated as of February 7, 2013, among XXXXXXXXXXXX.XXX, LLC, as Borrower, SURVEYMONKEY INC., the LENDERS party hereto from time to time and JPMORGAN CHASE BANK, N.A., as Administrative Agent.

The parties hereto agree as follows:

ARTICLE I

Definitions

SECTION 1.01. Defined Terms. As used in this Agreement, the following terms have the meanings specified below:

“ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, shall bear interest at a rate determined by reference to the Alternate Base Rate.

“Acquired EBITDA” means, with respect to any Person or business acquired in a Material Acquisition for any period, the amount for such period of Consolidated EBITDA of such Acquired Person or business (determined as if references to Holdings and the Subsidiaries in the definition of the term “Consolidated EBITDA” were references to such Acquired Person or business and its subsidiaries which become Subsidiaries), all as determined on a consolidated basis for such Acquired Person or business.

“Acquired Person” has the meaning set forth in the definition of Permitted Acquisition.

“Adjusted LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

“Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as administrative agent hereunder and under the other Loan Documents, and its successors in such capacity as provided in Article VIII.

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

“Affiliate” means, with respect to a specified Person, another Person that directly or indirectly Controls or is Controlled by or is under common Control with the Person specified; provided that for purposes of Section 6.09, the term “Affiliate” also means any Person that is a director or an executive officer of the Person specified, any Person that directly or indirectly beneficially owns Equity Interests in the Person specified representing 5% or more of the aggregate ordinary voting power or the aggregate equity value represented by the issued and outstanding Equity Interests in the Person specified and any Person that would be an Affiliate of any such beneficial owner pursuant to this definition (but without giving effect to this proviso).

“Affiliated Assignment and Assumption” means an affiliated assignment and assumption agreement entered into by a Lender and a Purchasing Affiliated Lender or a Purchasing Borrower Party, as the case may be, substantially in the form of Exhibit I hereto.

“Aggregate Revolving Commitment” means the sum of the Revolving Commitments of all the Revolving Lenders.

“Aggregate Revolving Exposure” means the sum of the Revolving Exposures of all the Revolving Lenders.

“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus ¹/₂ of 1% and (c) the Adjusted LIBO Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day) for a deposit in dollars with a maturity of one month plus 1%. For purposes of clause (c) above, the Adjusted LIBO Rate on any day shall be based on the rate per annum appearing on the Reuters “LIBOR01” screen displaying British Bankers’ Association Interest Settlement Rates (or on any successor or substitute screen provided by Reuters, or any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such screen, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to such day for deposits in dollars with a maturity of one month. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively.

“Applicable Percentage” means, at any time, with respect to any Revolving Lender, the percentage of the Aggregate Revolving Commitment represented by such Lender’s Revolving Commitment at such time, subject to adjustment as required to give effect to any reallocation of LC Exposure or Swingline Exposure made pursuant to paragraph (a)(iv) of Section 2.20. If the Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Revolving Commitments most recently in effect, giving effect to any assignments and to any Revolving Lender’s status as a Defaulting Lender at the time of determination.

“Applicable Rate” means, for any day, (a) with respect to any Term Loan, (i) 3.25% per annum, in the case of an ABR Loan, or (ii) 4.25% per annum, in the case of a Eurocurrency Loan, (b) with respect to any Revolving Loan, (i) 3.00% per annum, in the case of an ABR Loan, or (ii) 4.00% per annum, in the case of a Eurocurrency Loan, and (c) with respect to any Incremental Term Loan of any Series, the rate per annum specified in the Incremental Facility Agreement establishing the Incremental Term Commitments of such Series.

“Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in commercial loans and similar extensions of credit in the ordinary course and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

“Arrangers” means X.X. Xxxxxx Securities LLC, Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated and Xxxxxxx Sachs Bank USA in their capacities as joint lead arrangers and joint bookrunners for the credit facilities initially provided for herein.

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee, with the consent of any Person whose consent is required by Section 9.04, and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent.

“Auction Manager” has the meaning set forth in Section 2.23(a).

“Auction Notice” means an auction notice given by a Purchasing Borrower Party in accordance with the Auction Procedures with respect to an Auction Purchase Offer.

“Auction Procedures” means the auction procedures with respect to Auction Purchase Offers set forth in Exhibit J hereto.

“Auction Purchase Offer” means an offer by a Purchasing Borrower Party to purchase Term Loans of one or more Classes pursuant to modified Dutch auctions conducted in accordance with the Auction Procedures and otherwise in accordance with Section 2.23.

“Available Basket Amount” means, as of any time, (a) $25,000,000, or, if the Leverage Ratio after giving effect to any Restricted Payment, Investment or payment in respect of Junior Indebtedness referred to in clause (b) of this definition is, on a Pro Forma Basis, less than 3.00 to 1.00, $50,000,000, minus (b) the sum of all Investments made prior to such time in reliance on Section 6.04(v)(ii), plus all Restricted Payments made prior to such time in reliance on Section 6.08(a)(viii)(B) plus all expenditures in respect of Junior Indebtedness made prior to such time in reliance on Section 6.08(b)(vi)(B), in each case utilizing the Available Basket Amount or portions thereof in effect on the date of any such Restricted Payment, Investment or expenditure in respect of Junior Indebtedness. Under no circumstances will the sum of the amounts referred to in clause (b) of this definition at any time exceed $50,000,000; and the aggregate of all Investments, Restricted Payments and expenditures in respect of Junior Indebtedness made on any date in reliance on the Available Basket Amount on such date may not exceed the amount of the Available Basket Amount on such date.

“Available Domestic Cash” means, on any date, the amount of Unrestricted Cash held on such date by Holdings or any Domestic Subsidiary, other than Unrestricted Cash held in accounts outside the United States of America.

“Available ECF Amount” means, as of any time, the excess, if any, of:

(a) the Cumulative Borrower’s ECF Share; over

(b) the sum of all Investments made prior to such time in reliance on Section 6.04(v)(iii), plus all Restricted Payments made prior to such time in reliance on Section 6.08(a)(viii)(C) plus all expenditures in respect of Junior Indebtedness made prior to such time in reliance on Section 6.08(b)(vi)(C), in each case utilizing the Available ECF Amount or portions thereof in effect on the date of any such Investment, Restricted Payment or expenditure.

Under no circumstances will the amounts referred to in clause (b) of this definition exceed the amount of the Cumulative Borrower’s ECF Share, and the aggregate of all Investments, Restricted Payments and expenditures in respect of Junior Indebtedness made on any date in reliance on the Available ECF Amount on such date may not exceed the amount of the Available ECF Amount on such date.

“Available Foreign Cash” means, on any date, the amount of Unrestricted Cash held on such date by Foreign Subsidiaries in accounts outside the United States of America.

“Available Liquidity” means, on any date, the sum of (i) Available Domestic Cash on such date plus (ii) if on such date the conditions to borrowing set forth in Section 4.02 are satisfied, the amount of the Aggregate Revolving Commitment minus the amount of the Aggregate Revolving Exposure on such date.

“Bankruptcy Code” means the provisions of Title 11 of the United States Code, 11 USC. §§ 101 et m.

“Bankruptcy Event” means, with respect to any Person, that such Person has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in, any such proceeding or appointment; provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority; provided, however, that such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States of America or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any agreements made by such Person.

“Board of Governors” means the Board of Governors of the Federal Reserve System of the United States of America.

“Borrower” means XxxxxxXxxxxx.xxx, LLC, a Delaware limited liability company and a wholly owned Subsidiary of Holdings.

“Borrowing” means (a) Loans of the same Class and Type made, converted or continued on the same date and, in the case of Eurocurrency Loans, as to which a single Interest Period is in effect, or (b) a Swingline Loan.

“Borrowing Request” means a request by the Borrower for a Borrowing in accordance with Section 2.03 or 2.04, as applicable, which shall be, in the case of any such written request, in the form of Exhibit B or any other form approved by the Administrative Agent.

“Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed; provided that, when used in connection with a Eurocurrency Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in dollar deposits in the London interbank market.

“Capital Expenditures” means, for any period, (a) the additions to property, plant and equipment, capitalized software development costs and other capital expenditures of Holdings and its consolidated Subsidiaries that are (or should be) set forth in a consolidated statement of cash flows of Holdings and its consolidated Subsidiaries for such period prepared in accordance with GAAP, excluding (i) any such expenditures made to restore, replace or rebuild assets to the condition of such assets immediately prior to any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, such assets to the extent such expenditures are made with insurance proceeds, condemnation awards or damage recovery proceeds relating to any such casualty, damage, taking, condemnation or similar proceeding, and (ii) any such expenditures constituting Permitted Acquisitions and (b) such portion of principal payments on Capital Lease Obligations made by Holdings and its consolidated Subsidiaries during such period as is attributable to additions to property, plant and equipment that have not otherwise been reflected on the consolidated statement of cash flows as additions to property, plant and equipment.

“Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP; the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP, and the final maturity of such obligations shall be the date of the last payment of such or any other amounts due under such lease (or other arrangement) prior to the first date on which such lease (or other arrangement) may be terminated by the lessee without payment of a premium or a penalty. For purposes of Section 6.02, a Capital Lease Obligation shall be deemed to be secured by a Lien on the property being leased and such property shall be deemed to be owned by the lessee. Notwithstanding the foregoing, the New Building Lease shall in no event constitute a Capital Lease Obligation.

“Cash Consideration” has the meaning set forth in Section 6.05.

“CFC” means (a) each Person that is a “controlled foreign corporation” for purposes of the Code and (b) each subsidiary of any such controlled foreign corporation.

“Change in Control” means (a) the failure of Holdings to own, directly or indirectly, 100% of issued and outstanding Equity Interests in the Borrower; (b) prior to an IPO, the failure by the Major Stockholders to own, beneficially and of record, Equity Interests in Holdings representing at least 51% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests in Holdings; (c) after an IPO, the acquisition or ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Exchange Act and the rules of the SEC thereunder as in effect on the date hereof) (other than any Major Stockholder), of Equity Interests in Holdings representing (x) more than 35% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests in Holdings and (y) more than the percentage of the aggregate ordinary voting power represented by the Equity Interests in Holdings then owned by the Major Stockholders; (d) persons who were (i) directors of Holdings on the date hereof, (ii) nominated by the board of directors of Holdings or (iii) appointed by directors who were directors of Holdings on the date hereof or were nominated as provided in clause (ii) above, in each case other than any person whose initial nomination or appointment occurred as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more directors on the board of directors of Holdings (other than any such solicitation made by such board of directors), ceasing to occupy a majority of the seats (excluding vacant seats) on the board of directors of Holdings or (e) the occurrence of any “change in control” (or similar event, however denominated) with respect to Holdings or the Borrower under and as defined in any indenture or other agreement or instrument evidencing or governing the rights of the holders of any Material Indebtedness of Holdings or the Borrower.

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted, promulgated or issued.

“Class”, when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Term Loans, Incremental Term Loans of any Series, Revolving Loans or Swingline Loans, (b) any Commitment, refers to whether such Commitment is a Term Commitment, an Incremental Term Commitment of any Series or a Revolving Commitment and (c) any Lender, refers to whether such Lender has a Loan or Commitment of a particular Class.

“Code” means the Internal Revenue Code of 1986.

“Collateral” means any and all assets of any Loan Party, whether real or personal, tangible or intangible, on which Liens are purported to be granted pursuant to the Security Documents as security for the Obligations.

“Collateral Agreement” means the Guarantee and Collateral Agreement among Holdings, the Borrower, the other Loan Parties and the Administrative Agent, substantially in the form of Exhibit C, together with all supplements thereto.

“Collateral and Guarantee Requirement” means, at any time (but giving effect to any time periods provided under any Loan Document for delivery), the requirement that:

(a) the Administrative Agent shall have received from Holdings, the Borrower and each Designated Subsidiary either (i) a counterpart of the Collateral Agreement duly executed and delivered on behalf of such Person or (ii) in the case of any Person that becomes a Designated Subsidiary after the Effective Date (including by ceasing to be an Excluded Subsidiary), a supplement to the Collateral Agreement, in the form specified therein, duly executed and delivered on behalf of such Person, together with documents and (if requested by the Administrative Agent) opinions of the type referred to in paragraphs (b) and (c) of Section 4.01 with respect to such Designated Subsidiary;

(b) all issued and outstanding Equity Interests in any Subsidiary owned by or on behalf of any Loan Party (other than any Equity Interests constituting Excluded Assets) shall have been pledged pursuant to the Collateral Agreement and, in the case of Equity Interests in any Foreign Subsidiary owned by a Loan Party, if the Administrative Agent so requests in connection with the pledge of such Equity Interests, a Foreign Pledge Agreement (provided that the Loan Parties shall not be required to pledge (i) any Equity Interests owned by a CFC or (ii) more than 65% of the outstanding voting Equity Interests in any CFC), and the Administrative Agent shall, to the extent required by the Collateral Agreement or any such Foreign Pledge Agreement, have received certificates or other instruments (if any) representing all such Equity Interests, together with undated stock powers or other instruments of transfer with respect thereto endorsed in blank;

(c) all documents and instruments, including Uniform Commercial Code financing statements, required by Requirements of Law or reasonably requested by the Administrative Agent to be filed, registered or recorded to create the Liens intended to be created by the Security Documents and perfect such Liens to the extent required by, and with the priority required by, the Security Documents and the other provisions of the term “Collateral and Guarantee Requirement”, shall have been filed, registered or recorded or delivered to the Administrative Agent for filing, registration or recording;

(d) (i) all Indebtedness of Holdings, the Borrower and each other Subsidiary and (ii) all Indebtedness (other than Permitted Investments) of any other Person in a principal amount of $500,000 or more that, in each case, is owing to any Loan Party shall be evidenced by a promissory note and shall have been pledged pursuant to the Collateral Agreement, and the Administrative Agent shall have received all such promissory notes, together with undated instruments of transfer with respect thereto endorsed in blank; and

(e) the Administrative Agent shall have received (i) counterparts of a Mortgage with respect to each Mortgaged Property duly executed and delivered by the record owner of such Mortgaged Property, (ii) a policy or policies of title insurance issued by a nationally recognized title insurance company insuring the Lien of each such Mortgage as a valid and enforceable first priority Lien on the Mortgaged Property described therein, free of any other Liens except as permitted under Section 6.02, together with such endorsements, coinsurance and reinsurance as the Administrative Agent may reasonably request, (iii) life of loan flood zone determinations for any Mortgaged Property and, if any Mortgaged Property is located in an area determined by the Federal Emergency Management Agency to have special flood hazards, evidence of such flood insurance as may be required under applicable law, including Regulation H of the Board of Governors, and (iv) such surveys, abstracts, appraisals, legal opinions and other documents as the Administrative Agent may reasonably request with respect to any such Mortgage or Mortgaged Property.

Notwithstanding the foregoing provisions of this definition or anything in this Agreement or any other Loan Document to the contrary, (a) the foregoing provisions of this definition shall not require the creation or perfection of pledges of or security interests in, or the obtaining of legal opinions or other deliverables with respect to, particular assets of the Loan Parties, or the provision of Guarantees by any Subsidiary, if, and for so long as, the Administrative Agent and the Borrower reasonably agree that the cost of creating or perfecting such pledges or security interests in such assets, or obtaining such legal opinions or other deliverables in respect of such assets, or providing such Guarantees (taking into account any adverse tax consequences to the Borrower and the Subsidiaries), shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (b) Liens required to be granted from time to time pursuant to the term “Collateral and Guarantee Requirement” shall be subject to exceptions and limitations set forth in the Security Documents and, to the extent appropriate in the applicable jurisdiction, as reasonably agreed between the Administrative Agent and the Borrower, (c) in no event shall the Collateral include any Excluded Assets and (d) the foregoing provisions of this definition shall not require control agreements or perfection by

“control” (other than in respect of certificated Collateral) with respect to any Collateral (including, without limitation, deposit accounts or other bank or securities accounts). The Administrative Agent may grant extensions of time for the creation and perfection of security interests, in or the obtaining of, legal opinions or other deliverables with respect to particular assets or the provision of any Guarantee by any Subsidiary (including extensions beyond the Effective Date or in connection with assets acquired, or Subsidiaries formed or acquired, after the Effective Date) where it determines that such action cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required to be accomplished by this Agreement or the Security Documents.

“Commitment” means a Revolving Commitment, a Term Commitment, an Incremental Term Commitment of any Series or any combination thereof (as the context requires).

“Compliance Certificate” means a Compliance Certificate in the form of Exhibit D or any other form approved by the Administrative Agent.

“Confidential Information Memorandum” means the Confidential Information Memorandum dated January 2013, relating to the credit facilities provided for herein.

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

“Consolidated Cash Interest Expense” means, for any period, the excess of (a) the interest expense (including imputed interest expense in respect of Capital Lease Obligations) of Holdings and its consolidated Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP, and (without duplication) any cash payments made during such period in respect of obligations referred to in clause (b) below that were amortized or accrued in a previous period, minus (b) to the extent included in such consolidated interest expense for such period, noncash amounts attributable to amortization of debt discounts, upfront fees and other financing costs (including legal and accounting costs), other noncash interest amounts and accrued interest payable in kind for such period.

“Consolidated EBITDA” means, for any period, Consolidated Net Income for such period, plus

(a) without duplication and to the extent deducted in determining such Consolidated Net Income, the sum of

(i) consolidated interest expense for such period (including imputed interest expense in respect of Capital Lease Obligations);

(ii) provision for taxes based on income, profits or capital, including foreign withholding tax and federal, foreign, state, franchise and similar taxes paid or accrued during such period (including in respect of repatriated funds);

(iii) all amounts attributable to depreciation and amortization for such period (excluding amortization attributable to a prepaid cash expense item that was paid in a prior period, but including amortization of deferred financing fees and costs and amortization of intangibles);

(iv) any extraordinary losses for such period;

(v) any unusual or non-recurring losses, expenses or charges for such period;

(vi) any Non-Cash Charges for such period;

(vii) costs, fees, and other third-party expenses during such period related to any Permitted Acquisition or other Investment permitted under Section 6.04, any issuance of Equity Interests, any Disposition permitted hereunder, any recapitalization or the incurrence of Indebtedness permitted to be incurred hereunder, including a refinancing thereof and any amendment or modification to the terms of any such transactions (in each case, if permitted by this Agreement and whether or not such transaction is consummated, but in any event excluding Pro Forma Adjustments);

(viii) any financial advisory fees, accounting fees, legal fees and other similar third-party advisory and consulting fees and related out-of-pocket expenses of Holdings, the Borrower and the other Subsidiaries during such period incurred as a result of the Transactions (including fees and expenses for such period incurred prior to the Effective Date for services provided by Xxxxx & Co. or any of its Affiliates);

(ix) cash restructuring charges, accruals or reserves (including adjustments to existing reserves) and other cash expenses incurred in connection with Permitted Acquisitions or other acquisitions for such period (including restructuring, severance, transition and relocation costs, retention payments, change of control bonuses and similar expenses related to acquisitions);

(x) losses on assets during such period in connection with asset sales, disposals or abandonments (other than asset sales, disposals or abandonments in the ordinary course of business);

(xi) the amount of any net losses from discontinued operations in accordance with GAAP for such period;

(xii) any losses attributable to early extinguishment of Indebtedness or obligations under any Hedging Agreement for such period;

(xiii) Pro Forma Adjustments in connection with Material Acquisitions consummated during such period, provided that the aggregate amount of such Pro Forma Adjustments shall not exceed 10% of Consolidated EBITDA in respect of any Test Period; and

(xiv) the increase (if any) in the balance of the amount of deferred revenue as of the end of any such period over the balance of the amount of deferred revenue as of the end of the immediately preceding period;

provided that (A) any cash payment made with respect to any Non-Cash Charges added back in computing Consolidated EBITDA for any prior period pursuant to clause (a)(vi) above shall be subtracted in computing Consolidated EBITDA for the period in which such cash payment is made and (B) the aggregate amount of all amounts under clauses (a)(v), (ix) and (xiii) that increase Consolidated EBITDA in any Test Period shall not exceed, and shall be limited to, 20% of Consolidated EBITDA in respect of such Test Period; and minus

(b) without duplication and to the extent included in determining such Consolidated Net Income,

(i) any extraordinary gains for such period, all determined on a consolidated basis in accordance with GAAP;

(ii) any gains attributable to the early extinguishment of Indebtedness or obligations under any Hedging Agreement for such period;

(iii) the decrease (if any) in the balance of the amount of deferred revenue as of the end of any such period below the balance of the amount of deferred revenue as of the end of the immediately prior period; and

(iv) the amount of any net income from discontinued operations in accordance with GAAP for such period;

provided, further that Consolidated EBITDA for any period shall be calculated so as to exclude (without duplication of any adjustment referred to above) the effect of:

(A) the cumulative effect of any changes in GAAP or accounting principles applied by management;

(B) any gains or losses on foreign currency derivatives and any foreign currency transaction gains or losses that arise upon consolidation; and

“Consolidated First Lien Debt” means, as of any date, the aggregate amount of Consolidated Funded Debt of Holdings and the Subsidiaries outstanding on such date (including the Loan Document Obligations, to the extent they constitute Consolidated Funded Debt) that is secured by Liens (other than any Liens on Collateral subordinated to the Liens under the Security Documents securing the Loan Document Obligations) on any property or assets of Holdings, the Borrower or any of the other Subsidiaries.

“Consolidated Funded Debt” means, as of any date of determination with respect to Holdings and its Subsidiaries on a consolidated basis, without duplication, the sum of: (a) all obligations for borrowed money, whether current or long-term and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) all purchase money Indebtedness; (c) the maximum amount available to be drawn under all letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments (excluding any of the foregoing securing obligations under the New Building Lease); (d) all obligations in respect of the deferred purchase price of property or services (excluding deferred compensation, accruals for payroll and other operating expenses accrued in the ordinary course of business and accounts payable in the ordinary course of business, but including any earn-out obligations that are required to be shown as a liability on the balance sheet of Holdings and its Subsidiaries and not contingent (but excluding earn-out obligations that are not payable in cash)); (e) all Capital Lease Obligations; (f) all Disqualified Equity Interests (other than the Series A Convertible Preferred Stock); (g) all Guarantees with respect to Indebtedness of the types specified in clauses (a) through (f) above of another Person; and (h) all Indebtedness of the types referred to in clauses (a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which any Loan Party or any Subsidiary is a general partner or joint venturer, to the extent that such Indebtedness is recourse to such Person. Notwithstanding anything to the contrary contained herein, (x) Consolidated Funded Indebtedness shall not include (i) any amounts relating to employee consulting arrangements, accrued expenses, deferred rent, deferred taxes, customary obligations under employment agreements and deferred compensation or (ii) post-closing purchase price adjustments and (y) the amount of any item of Consolidated Funded Debt will be determined without giving effect to any election to value any Indebtedness at “fair value”, as described in Section 1.04(a), or any other accounting principle that results in the amount of any such Indebtedness (other than zero coupon Indebtedness) to be below the stated principal amount of such Indebtedness.

“Consolidated Net Income” means, for any period, the net income or loss of Holdings and its consolidated Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the income or loss of any Person (other than Holdings) that is not a consolidated Subsidiary except to the extent of the amount of cash dividends or similar cash distributions actually paid by such Person to Holdings, the Borrower or, subject to

clauses (b) and (c) below, any other consolidated Subsidiary during such period, (b) the income of, and any amounts referred to in clause (a) above paid to, any consolidated Subsidiary (other than any Loan Party) to the extent that, on the date of determination, the declaration or payment of cash dividends or similar cash distributions by such Subsidiary is not permitted without any prior approval of any Governmental Authority that has not been obtained or is not permitted by the operation of the terms of the organizational documents of such Subsidiary, any agreement or other instrument binding upon Holdings or any Subsidiary or any law applicable to Holdings or any Subsidiary, unless such restrictions with respect to the payment of cash dividends and other similar cash distributions has been legally and effectively waived, and (c) the income or loss of, and any amounts referred to in clause (a) above paid to, any consolidated Subsidiary that is not wholly owned by Holdings to the extent such income or loss or such amounts are attributable to the noncontrolling interest in such consolidated Subsidiary.

In addition, to the extent not already included in Consolidated Net Income, Consolidated Net Income shall include the amount of proceeds actually received by Holdings, the Borrower and the other Subsidiaries during the relevant period from business interruption insurance or from reimbursement of expenses and charges that are covered by indemnification and other reimbursement provisions in connection with any acquisition or other Investment or any Disposition of any asset permitted hereunder; provided that the amount of any such proceeds thereafter returned or repaid shall be deducted from Consolidated Net Income in the period in which so returned or repaid.

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies, or the dismissal or appointment of the management, of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto.

“Credit Party” means the Administrative Agent, each Issuing Bank, the Swingline Lender and each other Lender.

“Cumulative Borrower’s ECF Share” means, as of any day, for each fiscal year (commencing with the fiscal year ending December 31, 2013) for which a Compliance Certificate has been delivered on or prior to such day in connection with the delivery of annual financial statements pursuant to Section 5.01(a), the sum (in no event less than zero) of the amounts shown in such Compliance Certificates as the amounts of Excess Cash Flow for the fiscal years covered by such Compliance Certificates, less in each case the amount of such Excess Cash Flow required to be applied to prepay Term Loans pursuant to Section 2.11(d).

“Debt Fund Affiliates” means any fund managed by, or under common management with, any Major Stockholder that is a bona fide debt fund or an investment vehicle that is primarily engaged in the making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course and with respect to which no Major Stockholder, directly or indirectly, possesses the power to direct or cause the direction of the investment policies of such entity.

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

“Default” means any event or condition that constitutes, or upon notice, lapse of time or both would (unless cured or waived) constitute, an Event of Default.

“Defaulting Lender” means, subject to Section 2.20(b), any Revolving Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Revolving Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Revolving Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Bank, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, any Issuing Bank or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Revolving Lender’s obligation to fund a Loan hereunder and states that such position is based on such Revolving Lender’s good faith determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Revolving Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject to any Bankruptcy Event, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity form the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Revolving Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Revolving Lender shall be deemed to be a Defaulting Lender (subject to Section 2.20(b)) upon delivery of written notice of such determination to the Borrower, each Issuing Bank, each Swingline Lender and each Lender.

“Designated Subsidiary” means each Material Subsidiary that is not an Excluded Subsidiary and each IP Subsidiary.

“Disposition” has the meaning set forth in Section 6.05.

“Disqualified Equity Interest” means, with respect to any Person, any Equity Interest in such Person that requires the payment of any dividend (other than dividends payable solely in Qualified Equity Interests) or that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof), or upon the happening of any event or condition:

(a) matures or is mandatorily redeemable (other than solely for Equity Interests in such Person that do not constitute Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests), whether pursuant to a sinking fund obligation or otherwise;

(b) is convertible or exchangeable, either mandatorily or at the option of the holder thereof, for Indebtedness or Equity Interests (other than solely for Equity Interests in such Person that do not constitute Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests); or

(c) is redeemable (other than solely for Equity Interests in such Person that do not constitute Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests) or is required to be repurchased by Holdings or any Subsidiary, in whole or in part, at the option of the holder thereof;

in each case, on or prior to the date 91 days after the latest Maturity Date (determined as of the date of issuance thereof or, in the case of any such Equity Interests outstanding on the date hereof, the date hereof); provided, however, that (i) an Equity Interest in any Person that would not constitute a Disqualified Equity Interest but for terms thereof giving holders thereof the right to require such Person to redeem or purchase such Equity Interest upon the occurrence of an “asset sale” or a “change of control” (or similar event, however denominated) shall not constitute a Disqualified Equity Interest if any such requirement becomes operative only after repayment in full of all the Loans and all other Loan Document Obligations that are accrued and payable, the cancellation or expiration of all Letters of Credit and the termination or expiration of the Commitments and (ii) an Equity Interest in any Person that is issued to any employee or to any plan for the benefit of employees or by any such plan to such employees shall not constitute a Disqualified Equity Interest solely because it may be required to be repurchased by such Person or any of its subsidiaries in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, death or disability.

“Documentation Agent” means SunTrust Bank in its capacity as documentation agent for the credit facilities provided for herein.

“dollars” or “$” refers to lawful money of the United States of America.

“Domain Names” means all domain names owned by, used by or assigned to the Loan Parties and all exclusive and nonexclusive licenses to the Loan Parties from third parties of rights to use domain names owned by such third parties, together with any and all renewals and extensions thereof.

“Domestic Subsidiary” means any Subsidiary incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia.

“Effective Date” means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section 9.02), which date is February 7, 2013.

“Eligible Assignee” means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund and (d) any other Person, other than, in each case, (i) a natural person or, (ii) except to the extent permitted under Sections 2.23, 9.04(e) or 9.04(f), Holdings, the Borrower, any other Subsidiary or any other Affiliate of Holdings.

“Engagement Letter” means the Engagement Letter dated January 11, 2013, among the Borrower, JPMorgan Chase Bank, N.A., X.X. Xxxxxx Securities LLC, Bank of America, N.A., Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, Xxxxxxx Sachs Bank USA, SunTrust Xxxxxxxx Xxxxxxxx, Inc. and SunTrust Bank.

“Environmental Laws” means all rules, regulations, codes, ordinances, judgments, orders, decrees and other laws, and all injunctions, notices or binding agreements, issued, promulgated or entered into by any Governmental Authority and relating in any way to the environment, to preservation or reclamation of natural resources, to the management, Release or threatened Release of any Hazardous Material or to related health or safety matters.

“Environmental Liability” means any liability, obligation, loss, claim, action, order or cost, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties and indemnities), directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

“Equity Interests” means shares of capital stock, partnership interests, membership interests, beneficial interests or other ownership interests, whether voting or nonvoting, in, or interests in the income or profits of, a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any of the foregoing.

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time.

“ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with Holdings, is treated as a single employer under Section 414(b) or 414(c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.

“ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived), (b) the existence with respect to any Plan of an “accumulated funding deficiency” (within the meaning of Section 412 of the Code or Section 302 of ERISA), whether or not waived, (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA, of an application for a waiver of the minimum funding standard with respect to any Plan, (d) a determination that any Plan is, or is expected to be, in “at-risk” status (as defined in Section 303(i)(4) of ERISA or Section 430(i)(4) of the Code), (e) the incurrence by Holdings or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan, (f) the receipt by Holdings or any of its ERISA Affiliates from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan, (g) the incurrence by Holdings or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan, or (h) the receipt by Holdings or any of its ERISA Affiliates of any notice, or the receipt by any Multiemployer Plan from Holdings or any of its ERISA Affiliates of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA or in endangered or critical status, within the meaning of Section 305 of ERISA.

“Eurocurrency”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, shall bear interest at a rate determined by reference to the Adjusted LIBO Rate.

“Event of Default” has the meaning set forth in Article VII.

“Excess Cash Flow” means, for any fiscal year, the sum (without duplication) of:

(a) the consolidated net income or loss of Holdings and its consolidated Domestic Subsidiaries for such fiscal year, adjusted to exclude (i) net income or loss of any consolidated Domestic Subsidiary that is not wholly owned by Holdings to the extent such income or loss is attributable to the noncontrolling interest in such consolidated Domestic Subsidiary, and (ii) any gains or losses attributable to Prepayment Events; plus

(b) depreciation, amortization and other noncash charges or losses (including deferred income taxes) deducted in determining such consolidated net income or loss for such fiscal year; plus

(c) the sum of (i) the amount, if any, by which Net Working Capital decreased during such fiscal year and (ii) the net amount, if any, by which the consolidated deferred revenues of Holdings and its consolidated Domestic Subsidiaries increased during such fiscal year; minus

(d) the sum of (i) the amount, if any, by which Net Working Capital increased during such fiscal year and (ii) the net amount, if any, by which the consolidated deferred revenues of Holdings and its consolidated Domestic Subsidiaries decreased during such fiscal year; minus

(e) the sum of, in each case except to the extent financed with Excluded Sources, (i) the aggregate amount of Capital Expenditures by Holdings and its consolidated Domestic Subsidiaries made in cash during such fiscal year, (ii) the aggregate amount of cash consideration paid during such fiscal year by Holdings and its consolidated Domestic Subsidiaries to make Permitted Acquisitions and other Investments (other than in cash, cash equivalents or Permitted Investments) made in reliance on Section 6.04(v), (iii) to the extent not deducted in arriving at net income or loss or pursuant to the other clauses of this definition, the amount of Restricted Payments paid to Persons other than Holdings or any Domestic Subsidiaries during such period pursuant to Section 6.08, other than Restricted Payments made in reliance on Section 6.08(a)(viii) and (iv) payments in cash made by Holdings and its consolidated Domestic Subsidiaries with respect to any noncash charges added back pursuant to clause (b) above in computing Excess Cash Flow for any prior fiscal year; minus

(f) the aggregate principal amount of Long-Term Indebtedness repaid or prepaid by Holdings and its consolidated Domestic Subsidiaries during such fiscal year, excluding (i) Indebtedness in respect of Revolving Loans and Letters of Credit or other revolving extensions of credit (except to the extent that any repayment or prepayment of such Indebtedness is accompanied by a permanent reduction in related commitments), (ii) Term Loans prepaid pursuant to Section 2.11(a), 2.11(c), 2.11(d) or 2.11(e), and (iii) repayments or prepayments of Long-Term Indebtedness to the extent financed from Excluded Sources.

Notwithstanding any other provision of this Agreement, amounts used in connection with (i) acquiring Term Loans under Section 2.23 and (ii) assignments of Term Loans to Purchasing Borrower Parties pursuant to Section 9.04(e) shall in each case not reduce or be credited against Excess Cash Flow.

“Exchange Act” means the United States Securities Exchange Act of 1934.

“Excluded Assets” means (a) any asset if, to the extent and for so long as the grant of a Lien thereon to secure the Loan Document Obligations is prohibited by any Requirements of Law (other than to the extent that any such prohibition would be rendered ineffective pursuant to any other applicable Requirements of Law); (b) any leasehold interests; (c) motor vehicles and other assets subject to certificate of title; (d)

letter of credit rights (except to the extent perfection can be obtained by the filing of uniform commercial code financing statements) and commercial tort claims with a value of less than $500,000; (e) Equity Interests in any person, other than wholly owned Subsidiaries, that cannot be pledged without the consent of one or more third parties (after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code or other applicable law) and which the Borrower is unable, after use of commercially reasonable efforts, to obtain such required third party consents to pledges thereof; (f) any lease, license or other agreement or any property subject to a purchase money security interest or other arrangement to the extent that a grant of a security interest therein would violate or invalidate such lease, license or agreement or arrangement or create a right of termination in favor of any other party thereto (other than the Borrower or a Guarantor) after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code or other applicable law (including the Bankruptcy Code), unless the assignment thereof is deemed effective under the Uniform Commercial Code notwithstanding such prohibition, other than, in any case, proceeds and receivables thereof; (g) any governmental licenses or state or local franchises, charters and authorizations, to the extent security interests in such licenses, franchises, charters or authorizations are prohibited or restricted thereby (except to the extent such prohibition or restriction is deemed ineffective under the Uniform Commercial Code or other applicable law); and (h) any “intent to use” trademark applications.

“Excluded Sources” means (a) proceeds of any incurrence or issuance of Long-Term Indebtedness or Capital Lease Obligations, (b) Net Proceeds of any Disposition of assets made in reliance on Section 6.05(g) (other than the abandonment of Intellectual Property thereunder) or (h), (c) the proceeds, including insurance proceeds, arising from any casualty or condemnation event or other Prepayment Event referred to in clause (b) of the definition of such term and (d) proceeds of any issuance or sale of Equity Interests in Holdings or any capital contributions to Holdings.

“Excluded Subsidiary” means (a) any Subsidiary that is not a wholly-owned subsidiary of Holdings, (b) any Subsidiary that is a CFC or other Foreign Subsidiary, (c) any Domestic Subsidiary that is a disregarded entity for United States Federal income tax purposes and substantially all of its assets consist of the Equity Interests of one or more Foreign Subsidiaries, (d) any Subsidiary that is prohibited by any applicable law, rule or regulation or by any contractual obligation existing on the Effective Date or on the date such Subsidiary is acquired (but not entered into in contemplation of the Transactions or such acquisition) from guaranteeing the Loan Document Obligations or which would require governmental consent, approval, license or authorization to do so, and (e) any other Subsidiary excused from becoming a Loan Party pursuant to the last paragraph of the definition of the term “Collateral and Guarantee Requirement”; provided that any Subsidiary shall cease to be an Excluded Subsidiary at such time as it is a wholly owned Subsidiary of Holdings and none of clauses (b) through (e) above apply to it.

“Excluded Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient: (a) Taxes imposed on or measured by net income or overall gross income or profits (however denominated), franchise Taxes and branch profits Taxes, in each case, (i) imposed by a jurisdiction (or any political subdivision thereof) under whose laws such Recipient is organized, or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. Federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 2.19(b)) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.17, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender acquired the applicable interest in such Loan or Commitment or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with Section 2.17(f) and (d) any U.S. Federal withholding Taxes imposed under FATCA.

“Existing Credit Agreement” means the Second Amended and Restated Credit Agreement dated as of April 18, 2012, as amended, among the Borrower, the guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent, swing line lender and L/C issuer.

“Existing Letters of Credit” means the letters of credit previously issued pursuant to the Existing Credit Agreement that (i) are outstanding on the Effective Date and (ii) are listed on Schedule 1.01.

“Family Charitable Entity” means any charitable, tax-exempt entity which is controlled by Xxxxx Xxxxxxxx, either alone or together with one or more of his Family Members.

“Family Member” means, with respect to any individual, any other individual having a relationship by blood (to the second degree of consanguinity), marriage, or adoption to such individual.

“Family Trust” means, with respect to any individual, trusts or other estate planning vehicles established for the benefit of Family Members of such individual and in respect of which such individual serves as trustee or in a similar capacity.

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b) of the Code.

“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal

Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

“Fee Letter” means the Administrative Agent Fee Letter dated as of January 11, 2013, among the Borrower, JPMorgan Chase Bank, N.A. and X.X. Xxxxxx Securities LLC.

“Financial Officer” means, with respect to any Person, the chief financial officer, the senior vice president, business operations and finance, the vice president, finance, and the principal accounting officer, treasurer or controller of such Person.

“Financing Transactions” means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

“First Lien Secured Leverage Ratio” means, on any date, the ratio of (a) Consolidated First Lien Debt as of such date minus the lesser of (i) the sum of Available Domestic Cash in excess of $5,000,000 on such date plus 70% of Available Foreign Cash on such date, and (ii) $50,000,000 to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of Holdings most recently ended on or prior to such date for which financial statements have been delivered or were by such date required to have been delivered pursuant to Section 5.01(a) or 5.01(b) (or, prior to the delivery of any such financial statements, ending with the last fiscal quarter included in the financial statements referred to in Section 3.04(a)).

“Foreign Lender” means any Lender that is not a U.S. Person.

“Foreign Pledge Agreement” means a pledge or charge agreement granting a Lien on Equity Interests in a Foreign Subsidiary to secure the Obligations, governed by the law of the jurisdiction of organization of such Foreign Subsidiary and in form and substance reasonably satisfactory to the Administrative Agent.

“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.

“Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to any Issuing Bank, such Defaulting Lender’s Applicable Percentage of the outstanding LC Exposure with respect to Letters of Credit issued by such Issuing Bank other than LC Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender’s Applicable Percentage of outstanding Swingline Loans made by such Swingline Lender other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Lenders.

“GAAP” means generally accepted accounting principles in the United States of America, applied in accordance with the consistency requirements thereof.

“Governmental Approvals” means all authorizations, consents, approvals, permits, licenses and exemptions of, registrations and filings with, and reports to, Governmental Authorities.

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

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or other obligation; provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business or customary and reasonable indemnity obligations in effect on the Effective Date or entered into in connection with any acquisition or disposition of assets permitted under this Agreement (other than such obligations with respect to Indebtedness). The amount, as of any date of determination, of any Guarantee shall be the principal amount or other determinable amount on such date of Indebtedness or other obligation guaranteed thereby (or, in the case of (i) any Guarantee the terms of which limit the monetary exposure of the guarantor or (ii) any Guarantee of an obligation that does not have a principal or determinable amount, the maximum monetary exposure as of such date of the guarantor under such Guarantee (as determined, in the case of clause (i), pursuant to such terms or, in the case of clause (ii), in good faith by a Financial Officer of Holdings)). The term “Guarantee” as a verb has a corresponding meaning.

“Hazardous Materials” means all explosive, radioactive, hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law.

“Hedging Agreement” means any agreement with respect to any swap, forward, future or derivative transaction, or any option or similar agreement, involving, or settled by reference to, one or more rates, currencies, commodities, prices of equity or debt securities or instruments, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value, or any similar transaction or combination of the foregoing transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of Holdings or the Subsidiaries shall be a Hedging Agreement.

“Holdings” means SurveyMonkey Inc., a Delaware corporation.

“Incremental Commitment” means an Incremental Revolving Commitment or an Incremental Term Commitment.

“Incremental Facility” means an Incremental Revolving Facility or an Incremental Term Facility.

“Incremental Facility Agreement” means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, among Holdings, the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.21.

“Incremental Lender” means an Incremental Revolving Lender or an Incremental Term Lender, as applicable.

“Incremental Revolving Commitment” means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant to an Incremental Facility Agreement and Section 2.21, to make Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate permitted amount of such Lender’s Revolving Exposure under such Incremental Facility Agreement.

“Incremental Revolving Facility” means an incremental portion of the Revolving Commitments established hereunder pursuant to an Incremental Facility Agreement providing for Incremental Revolving Commitments.

“Incremental Revolving Lender” means a Lender with an Incremental Revolving Commitment.

“Incremental Term Commitment” means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

“Incremental Term Facility” means an incremental term loan facility established hereunder pursuant to an Incremental Facility Agreement providing for Incremental Term Commitments.

“Incremental Term Lender” means a Lender with an Incremental Term Commitment or an outstanding Incremental Term Loan.

“Incremental Term Loan” means a Loan made by an Incremental Term Lender to the Borrower pursuant to Section 2.21.

“Incremental Term Loan Maturity Date” means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement, and any extended maturity date with respect to all or a portion of any Class of Incremental Term Loans of any Series hereunder pursuant to a Loan Modification Agreement.

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person (excluding trade accounts payable incurred in the ordinary course of business), (d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding (i) accounts payable incurred in the ordinary course of business and accruals for payroll and other operating expenses accrued in the ordinary course of business, (ii) deferred compensation payable to directors, officers or employees of such Person and (iii) any purchase price adjustment or earnout incurred in connection with an acquisition, except to the extent that the amount payable pursuant to such purchase price adjustment or earnout is, or becomes, reasonably determinable), (e) all Capital Lease Obligations of such Person, (f) the maximum aggregate amount of all letters of credit and letters of guaranty in respect of which such Person is an account party (x) supporting Indebtedness or (y) obtained for any purpose not in the ordinary course of business, (g) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, (h) all Disqualified Equity Interests (other than the Series A Convertible Preferred Stock) in such Person, valued, as of the date of determination, at the greater of (i) the maximum aggregate amount that would be payable upon maturity, redemption, repayment or repurchase thereof (or of Disqualified Equity Interests or Indebtedness into which such Disqualified Equity Interests are convertible or exchangeable) and (ii) the maximum liquidation preference of such Disqualified Equity Interests, (i) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed by such Person, and (j) all Guarantees by such Person of Indebtedness described in any of the foregoing clauses (a) through (i) hereof of others. Notwithstanding anything to the contrary contained herein, Indebtedness shall not include (x) any amounts relating to employee consulting arrangements, accrued expenses, deferred rent, deferred taxes, customary obligations under employment agreements and

deferred compensation and (y) the conversion by Holdings of its Series A Convertible Preferred Stock into any other convertible securities (other than Disqualified Equity Interests or an instrument otherwise constituting Indebtedness) pursuant to the terms of such convertible securities or otherwise in exchange therefor. The Indebtedness of any Person shall include the Indebtedness of any other Person (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such other Person, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. The amount of Indebtedness of any Person for purposes of clause (i) above shall (unless such Indebtedness has been assumed by such Person) be deemed to be equal to the lesser of (A) the aggregate unpaid amount of such Indebtedness and (B) the fair market value of the property encumbered thereby as reasonably determined by such Person.

“Indemnified Institution” has the meaning set forth in Section 9.03(b).

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

“Indemnitee” has the meaning set forth in Section 9.03(b).

“Intellectual Property” means all intellectual and similar property of every kind and nature now owned or hereafter acquired by Holdings or any Subsidiary, including inventions, designs, patents, copyrights, licenses, trademarks, trade secrets, Domain Names, confidential or proprietary technical and business information, know-how, show-how or other data or information, software and databases and all embodiments or fixations thereof and related documentation, registrations and franchises, and all additions, improvements and accessions to, and books and records describing or used in connection with, any of the foregoing.

“Interest Coverage Ratio” means, for any Test Period, the ratio of (i) Consolidated EBITDA for such Test Period to (ii) Consolidated Cash Interest Expense for such Test Period.

“Interest Election Request” means a request by the Borrower to convert or continue a Revolving Borrowing or Term Borrowing in accordance with Section 2.07, which shall be, in the case of any such written request, in the form of Exhibit E or any other form approved by the Administrative Agent.

“Interest Payment Date” means (a) with respect to any ABR Loan (including a Swingline Loan), the third Business Day following the last day of each March, June, September and December and (b) with respect to any Eurocurrency Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurocurrency Borrowing with an Interest Period of more than three months’ duration, such day or days prior to the last day of such Interest Period as shall occur at intervals of three months’ duration after the first day of such Interest Period.

“Interest Period” means, with respect to any Eurocurrency Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter (or, if agreed to by each Lender participating therein, nine or twelve months thereafter), as the Borrower may elect; provided that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, and (b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing.

“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests or debt or other securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of Indebtedness of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of another Person or assets constituting a business unit, line of business or division of such Person. The amount, as of any date of determination, of (i) any Investment in the form of a loan or an advance shall be the principal amount thereof outstanding on such date, minus any cash payments actually received by such investor representing a payment or prepayment of in respect of principal of such Investment, but without any adjustment for write-downs or write-offs (including as a result of forgiveness of any portion thereof) with respect to such loan or advance after the date thereof, (ii) any Investment in the form of a Guarantee shall be equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof, as determined in good faith by a Financial Officer of the Borrower, (iii) any Investment in the form of a transfer of Equity Interests or other non-cash property by the investor to the investee, including any such transfer in the form of a capital contribution, shall be the fair market value (as determined in good faith by a Financial Officer) of such Equity Interests or other property as of the time of the transfer, minus any payments actually received by such investor representing a return of capital of (but not any dividends or other distributions in respect of return on the capital of) such Investment, but without any other adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with respect to, such Investment after the date of such Investment, and (iv) any Investment (other than any Investment referred to in clause (i), (ii) or (iii) above) by the specified Person in the form

of a purchase or other acquisition for value of any Equity Interests, evidences of Indebtedness or other securities of any other Person shall be the original cost of such Investment (including any Indebtedness assumed in connection therewith), plus (A) the cost of all additions thereto and minus (B) the amount of any portion of such Investment that has been repaid to the investor in cash as a repayment of principal or a return of capital, but without any other adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with respect to, such Investment after the date of such Investment. For purposes of Section 6.04, if an Investment involves the acquisition of more than one Person, the amount of such Investment shall be allocated among the Acquired Persons in accordance with GAAP, provided that pending the final determination of the amounts to be so allocated in accordance with GAAP, such allocation shall be as reasonably determined by a Financial Officer of Holdings.

“IP Security Agreement” has the meaning set forth in the Collateral Agreement.

“IP Subsidiary” means any Domestic Subsidiary (other than any Excluded Subsidiary) that at any time owns any Intellectual Property or rights to Intellectual Property that are material to the business or operations of Holdings and the Subsidiaries, taken as a whole.

“IPO” means the initial underwritten public offering of common Equity Interests in Holdings pursuant to an effective registration statement filed with the SEC pursuant to the Securities Act.

“IRS” means the United States Internal Revenue Service.

“Issuing Bank” means (a) JPMorgan Chase Bank, N.A., (b) each Revolving Lender that shall have become an Issuing Bank hereunder as provided in Section 2.05(j) (other than any Person that shall have ceased to be an Issuing Bank as provided in Section 2.05(k)) and (c) each Lender that is an issuer of an Existing Letter of Credit, each in its capacity as an issuer of Letters of Credit hereunder. Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate (it being agreed that such Issuing Bank shall, or shall cause such Affiliate to, comply with the requirements of Section 2.05 with respect to such Letters of Credit).

“Junior Indebtedness” means any Indebtedness (or Permitted Refinancing in respect thereof) that is unsecured or subordinated in right of payment to the Loan Document Obligations, but in any event excluding Indebtedness between or among Holdings and any Subsidiary or between or among any Subsidiaries.

“Latest Maturity Date” means at any date of determination, the latest Maturity Date applicable to any Loan or Commitment hereunder at such time, including in respect of any Incremental Facility and including any Maturity Date that has been extended from time to time in accordance with this Agreement.

“LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter of Credit.

“LC Exposure” means, at any time, the sum of (a) the aggregate amount of all Letters of Credit that remains available for drawing at such time and (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time.

“Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption or an Incremental Facility Agreement, other than any such Person that shall have ceased to be a party hereto pursuant to an Assignment and Assumption. Unless the context otherwise requires, the term “Lenders” includes the Swingline Lender.

“Letter of Credit” means any letter of credit issued or deemed issued pursuant to this Agreement, other than any such letter of credit that shall have ceased to be a “Letter of Credit” outstanding hereunder pursuant to Section 9.05.

“Leverage Ratio” means, on any date, the ratio of (a) Consolidated Funded Debt as of such date minus the lesser of (i) the sum of Available Domestic Cash in excess of $5,000,000 on such date plus 70% of Available Foreign Cash on such date and (ii) $50,000,000 to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of Holdings most recently ended on or prior to such date, for which financial statements have been delivered or by such date were required to have been delivered pursuant to Section 5.01(a) or 5.01(b) (or, prior to the delivery of any such financial statements, ending with the last fiscal quarter included in the financial statements referred to in Section 3.04(a)).

“LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period, the rate appearing on the Reuters Screen “LIBOR01” page (or on any successor or substitute page on such screen) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits in the London interbank market with a maturity comparable to such Interest Period. In the event that such rate does not appear on such page (or on any successor or substitute page on such screen or otherwise on such screen), the “LIBO Rate” shall be determined by reference to such other comparable publicly available service for displaying interest rates applicable to dollar deposits in the London interbank market as may be selected by the Administrative Agent or, in the absence of such availability, by reference to the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period. Notwithstanding the foregoing, solely for purposes of calculating interest applicable to the Term Loans, the LIBO Rate will be deemed to be 1.25% per annum on any day when it would otherwise be less than 1.25% per annum pursuant to the foregoing provisions of this definition.

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, charge in the nature of a security interest, security interest or other encumbrance on, in or of such asset, including any arrangement entered into for the purpose of making particular assets available to satisfy any Indebtedness or other obligation and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset.

“Loan Documents” means this Agreement, the Incremental Facility Agreements, the Collateral Agreement, the other Security Documents, any agreement designating an additional Issuing Bank as contemplated by Section 2.05(j) and, except for purposes of Section 9.02, any promissory notes delivered pursuant to Section 2.09(c).

“Loan Document Obligations” has the meaning set forth in the Collateral Agreement.

“Loan Modification Agreement” means a Loan Modification Agreement, in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, among Holdings, the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.22.

“Loan Modification Offer” has the meaning set forth in Section 2.22(a).

“Loan Parties” means Holdings, the Borrower and each other Subsidiary Loan Party.

“Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement.

“Long-Term Indebtedness” means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.

“Major Stockholders” means SM Investor LLC and Aggregator SM, Ltd. (and any Affiliate of the foregoing that is not a portfolio company), Xxxx Capital Venture Fund 2007, L.P., BCIP Venture Associates, BCIP Venture Associates-B and Xxxx Capital Venture SM Cayman, L.P. (and any Affiliate of the foregoing that is not a portfolio company), Tiger Global Private Investment Partners VI, L.P. (and its controlled Affiliates that are not portfolio companies), Tiger Global Private Investment Partners VII, L.P. (and its controlled Affiliates that are not portfolio companies), Trustees of the Metal Monkey Trust U/A/D January 26, 2011, Xxx Xxxxx and Xxxxxxx Xxxxxxxxx, TPG SM Holdings, L.P. (and its Affiliates that are not portfolio companies), MRS Trust, ICQ Investments 6, LP (and its controlled Affiliates that are not portfolio companies), the Xxxxxxx Xxxxxxxxxxxx & Xxxxxxxxx Xxx TTEES Hello Warrior Family Trust U/A/D 2/2/2009, Xxxx Xxxxxxx, and The Makan Family Trust, Google Inc. (and its controlled Affiliates), The Social+Capital Partners, L.P. (and its controlled Affiliates that are not portfolio companies), The Social+Capital Partnership Principals Fund, L.P. (and its controlled

Affiliates that are not portfolio companies), Xxxxx Xxxxxxxx, the Xxxxxxxx-Xxxxxxxx Family Trust, The Xxxx Delaware Trust, Xxxx Xxxxxxxx and Xxxxx Xxxxxxxx, Tenants by the Entirety and any other Family Charitable Entity, any Family Member of Xxxxx Xxxxxxxx and any Family Trust with respect to Xxxxx Xxxxxxxx, SM Cayman Ltd. and SM Profits LLC, in each case, while they remain direct or indirect holders of Equity Interests of Holdings.

“Majority in Interest”, when used in reference to Lenders of any Class, means, at any time, (a) in the case of the Revolving Lenders, Lenders having Revolving Exposures and unused Revolving Commitments representing more than 50% of the sum of the Aggregate Revolving Exposures and the unused Aggregate Revolving Commitment at such time, (b) in the case of the Term Lenders of any Class, Lenders holding outstanding Term Loans of such Class representing more than 50% of all Term Loans of such Class outstanding at such time and (c) in the case of the Incremental Term Lenders of any Class, Lenders holding outstanding Incremental Term Loans of such Class representing more than 50% of all Incremental Term Loans of such Class outstanding at such time.

“Material Acquisition” means any acquisition, or a series of related acquisitions, of (a) Equity Interests in any Person if, after giving effect thereto, such Person will become a Subsidiary or (b) assets comprising all or substantially all the assets of (or all or substantially all the assets constituting a business unit, division, product line or line of business of) any Person; provided that the aggregate consideration therefor (including Indebtedness assumed in connection therewith, all obligations in respect of deferred purchase price (including obligations under any purchase price adjustment but excluding earnout or similar payments) and all other consideration payable in connection therewith (including payment obligations in respect of noncompetition agreements or other arrangements representing acquisition consideration)) exceeds $5,000,000.

“Material Adverse Effect” means an event or condition that has resulted in a material adverse effect on (a) the business, assets, results of operations, liabilities or financial condition of Holdings, the Borrower and the Subsidiaries, taken as a whole, (b) the ability of the Borrower and the other Loan Parties, taken as a whole, to perform their payment obligations under the Loan Documents or (c) the rights and remedies of the Administrative Agent and the Lenders under the Loan Documents.

“Material Disposition” means any Disposition, or a series of related Dispositions, of (a) all or substantially all the issued and outstanding Equity Interests in any Person that are owned by Holdings, the Borrower or any other Subsidiary or (b) assets comprising all or substantially all the assets of (or all or substantially all the assets constituting a business unit, division, product line or line of business of) any Person; provided that the aggregate consideration therefor (including Indebtedness assumed by the transferee in connection therewith, all obligations in respect of deferred purchase price (including obligations under any purchase price adjustment but excluding earnout or similar payments) and all other consideration payable in connection therewith (including payment obligations in respect of noncompetition agreements or other arrangements representing acquisition consideration)) exceeds $5,000,000.

“Material Foreign Subsidiary” means a Foreign Subsidiary that is a Material Subsidiary.

“Material Indebtedness” means Indebtedness (other than the Loans, Letters of Credit and Guarantees under the Loan Documents), or obligations in respect of one or more Hedging Agreements, of any one or more of Holdings, the Borrower and the other Subsidiaries in an aggregate principal amount of $5,000,000 or more. For purposes of determining Material Indebtedness, the “principal amount” of the obligations of Holdings, the Borrower or any other Subsidiary in respect of any Hedging Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that Holdings, the Borrower or such other Subsidiary would be required to pay if such Hedging Agreement were terminated at such time.

“Material Subsidiary” means the Borrower and each other Subsidiary, including any Foreign Subsidiary, (a) the consolidated total assets of which equal 5% or more of the consolidated total assets of Holdings and its Subsidiaries (excluding the assets of the Foreign Subsidiaries) or (b) the consolidated revenues of which accounts for 5% or more of the consolidated revenues of Holdings and its Subsidiaries (excluding the consolidated revenues attributable to the Foreign Subsidiaries), in each case as of the end of or for the most recent period of four consecutive fiscal quarters of Holdings for which financial statements have been delivered pursuant to Section 5.01(a) or 5.01(b) (or, prior to the delivery of any such financial statements, ending with the last fiscal quarter included in the financial statements referred to in Section 3.04(a)); provided that if at the end of or for any such most recent period of four consecutive fiscal quarters the combined consolidated total assets or combined consolidated revenues of all Subsidiaries that under clause (a) and (b) above would not constitute Material Subsidiaries shall have exceeded 10% of the consolidated total assets of Holdings and its Subsidiaries (excluding the assets of the Foreign Subsidiaries) or 10% of the consolidated revenues of Holdings and its Subsidiaries (excluding the consolidated revenues attributable to the Foreign Subsidiaries), then one or more of such excluded Subsidiaries shall for all purposes of this Agreement be deemed to be Material Subsidiaries in descending order based on the amounts of their consolidated total assets or consolidated revenues, as the case may be until such excess shall have been eliminated (it being understood that the Borrower shall, subject to such descending order, have the right to designate the Subsidiaries required to satisfy such requirement, and the Borrower shall not be required to designate any additional Subsidiaries as Material Subsidiaries if all Domestic Subsidiaries are already Material Subsidiaries).

“Maturity Date” means the Term Maturity Date, the Incremental Term Loan Maturity Date with respect to Incremental Term Loans of any Series or the Revolving Maturity Date, and any extended maturity date with respect to all or a portion of any Class of Loans or Commitments hereunder pursuant to a Loan Modification Agreement, in each case as the context requires.

“MNPI” means material information concerning Holdings, the Borrower and the other Subsidiaries and their securities that has not been disseminated in a manner making it available to investors generally, within the meaning of Regulation FD under the Securities Act and the Exchange Act.

“Moody’s” means Xxxxx’x Investors Service, Inc., and any successor to its rating agency business.

“Mortgage” means a mortgage, deed of trust, assignment of leases and rents or other security document granting a Lien on any Mortgaged Property to secure the Obligations. Each Mortgage shall be in form and substance reasonably satisfactory to the Administrative Agent.

“Mortgaged Property” means each parcel of real property owned in fee by a Loan Party, and the improvements thereto, that (together with such improvements) has a book or fair value of $1,000,000 or more (excluding any such real property subject to a Lien securing Indebtedness permitted under Section 6.01(v) or 6.01(vi)).

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

“Net Proceeds” means, with respect to any event, (a) the cash proceeds and Permitted Investments (including, in the case of any casualty, condemnation or similar proceeding, insurance, condemnation or similar proceeds received in cash or Permitted Investments) received in respect of such event, including any cash received in respect of any noncash proceeds, but only as and when received in cash or Permitted Investments, net of (b) the sum, without duplication, of (i) all fees and out-of-pocket expenses paid in connection with such event by Holdings and the Subsidiaries, (ii) in the case of a Disposition (including pursuant to a Sale/Leaseback Transaction or a casualty or a condemnation or similar proceeding) of an asset, (A) the amount of all payments required to be made by Holdings and the Subsidiaries as a result of such event to repay Indebtedness (other than Loans) secured by such asset and (B) the pro rata portion of net cash proceeds thereof (calculated without regard to this clause (B)) attributable to minority interests and not available for distribution to or for the account of Holdings and the Subsidiaries as a result thereof and (C) the amount of any liabilities directly associated with such asset and retained by Holdings or any Subsidiary and (iii) the amount of all taxes paid (or reasonably estimated to be payable) by Holdings and the Subsidiaries, and the amount of any reserves established by Holdings and the Subsidiaries in accordance with GAAP to fund purchase price adjustment, indemnification and other contingent liabilities (other than any earnout obligations) reasonably estimated to be payable and that are directly attributable to the occurrence of such event (as determined reasonably and in good faith by a Financial Officer of Holdings). For purposes of this definition, in the event any contingent liability reserve established with respect to any event as described in clause (b)(iii) above shall be reduced in an amount equal to or greater than $125,000, the amount of such reduction shall, except to the extent such reduction is made as a result of a payment having been made in respect of the contingent liabilities with respect to which such reserve has been established, be deemed to be receipt, on the date of such reduction, of cash proceeds in respect of such event.

“Net Working Capital” means, at any date, (a) the consolidated current assets of Holdings and its consolidated Domestic Subsidiaries as of such date (excluding cash, cash equivalents and Permitted Investments) minus (b) the consolidated current liabilities (excluding deferred revenues) of Holdings and its consolidated Domestic Subsidiaries as of such date; provided that, for purposes of calculating Excess Cash Flow, increases or decreases in Net Working Capital shall be calculated without regard to any changes in current assets or current liabilities as a result of (x) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (y) the effects of purchase accounting. Net Working Capital at any date may be a positive or negative number. Net Working Capital increases when it becomes more positive or less negative and decreases when it becomes less positive or more negative.

“New Building Lease” means the lease for the location at 000 Xxxxxx Xxxxxx, Xxxx Xxxx, Xxxxxxxxxx.

“Non-Cash Charges” means any noncash charges, including (a) any write-off for impairment of long lived assets including goodwill, intangible assets and fixed assets such as property, plant and equipment, and investments in debt and equity securities pursuant to GAAP, (b) non-cash expenses resulting from the grant of stock options, restricted stock awards or other equity-based incentives to any director, officer or employee of the Borrower or any Subsidiary (excluding, for the avoidance of doubt, any cash payments of income taxes made for the benefit of any such Person in consideration of the surrender of any portion of such options, stock or other incentives upon the exercise or vesting thereof) and (c) any non-cash charges resulting from the application of purchase accounting; provided that Non-Cash Charges shall not include additions to bad debt reserves or bad debt expense, any noncash charge that results from the writedown or write-off of inventory and any noncash charge that results from the write-down or write-off of accounts receivable or that is in respect of any other item that was included in Consolidated Net Income in a prior period.

“Non-Compliant Assets” has the meaning set forth in the definition of Permitted Acquisition.

“Non-Compliant Subsidiary” has the meaning set forth in the definition of Permitted Acquisition.

“Non-Defaulting Lender” means, at any time, any Revolving Lender that is not a Defaulting Lender at such time.

“Obligations” has the meaning set forth in the Collateral Agreement.

“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Taxes (other than Taxes that would not have been imposed but for connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced by any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.19).

“Participant Register” has the meaning set forth in Section 9.04(c). “Participants” has the meaning set forth in

Section 9.04(c).

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions.

“Perfection Certificate” means a certificate in the form of Exhibit F or any other form approved by the Administrative Agent.

“Permitted Acquisition” means the purchase or other acquisition, by merger or otherwise, by the Borrower or any Subsidiary of substantially all the Equity Interests in, or all or substantially all the assets of (or all or substantially all the assets constituting a business unit, division, product line or line of business of), any Person if (a) in the case of any purchase or other acquisition of Equity Interests in a Person, such Person and each subsidiary of such Person (collectively, the “Acquired Person”) is (except to the extent permitted below in the case of foreign and other Subsidiaries that will not become Loan Parties) organized under the laws of the United States of America, any State thereof or the District of Columbia and, upon the consummation of such acquisition, will be a wholly-owned Subsidiary that is a Domestic Subsidiary (including as a result of a merger or consolidation between any Subsidiary and such Person) and will be a Subsidiary Loan Party or (b) in the case of any purchase or other acquisition of other assets, such assets will be owned by the Borrower or a Subsidiary Loan Party; provided that (i) such purchase or acquisition was not preceded by, or consummated pursuant to, an unsolicited tender offer or proxy contest initiated by or on behalf of Holdings or any Subsidiary, (ii) all transactions related thereto are consummated in accordance with applicable law, except to the extent the failure to do so could not reasonably be expected to result in a Material Adverse Effect, (iii) the business of such Person, or such assets, as the case may be, constitute a business permitted under Section 6.03(b), (iv) with respect to each such purchase or other acquisition, all actions required to be taken with respect to each newly created or acquired Subsidiary or assets in order to satisfy the requirements set forth in the definition of the term “Collateral and Guarantee Requirement” shall have been taken, subject to the required time periods for satisfaction set forth therein (or arrangements for the taking of such actions reasonably satisfactory to the Administrative Agent shall have been made), (v) at the time of and immediately after giving effect to any such purchase or other acquisition, (A) no Default shall have occurred and be continuing or would result therefrom, (B) Holdings and the Borrower shall be in Pro Forma Compliance with the covenants set forth in Sections 6.12 and 6.13, (C) the Leverage

Ratio, calculated on a Pro Forma Basis, shall be less than 3.65 to 1.00, and (D) Available Liquidity, calculated on a Pro Forma Basis, shall be at least $5,000,000, and (vi) if such purchase or other acquisition is a Material Acquisition, Holdings and the Borrower shall have delivered to the Administrative Agent a certificate of a Financial Officer of Holdings and the Borrower, certifying that all the requirements set forth in this definition have been satisfied with respect to such purchase or other acquisition, together with reasonably detailed calculations demonstrating satisfaction of the requirement set forth in clauses (v)(B), (v)(C) and (v)(D) above. Any pro forma calculations required in respect of clause (v)(B) or (C) above shall be made as of the last day of, or for, the period of four consecutive fiscal quarters of Holdings then most recently ended for which financial statements have been delivered pursuant to Section 5.01(a) or 5.01(b) (or prior to the first delivery of any such financial statements, as of the last day of, or period of four consecutive fiscal quarters ending with the last day of, the most recent fiscal quarter included in the financial statements referred to in Section 3.04(a). Notwithstanding the foregoing, a Permitted Acquisition of a Person that will become a Loan Party may include the indirect acquisition of Non-Compliant Subsidiaries or Non-Compliant Assets if the consideration allocable to the acquisition of such Non-Compliant Subsidiaries or such Non-Compliant Assets, as applicable (determined in accordance with GAAP and as reasonably estimated by a Financial Officer of Holdings at the time such Permitted Acquisition is consummated) consists of the issuance of Qualified Equity Interests of Holdings; provided that all or any portion of the consideration for the acquisition of any Non-Compliant Subsidiaries and/or any Non-Compliant Assets that cannot be made pursuant to the foregoing provisions of this definition may also be funded in an amount not in excess of the amount, including the Available Basket Amount, the Available ECF Amount, the amount of Qualifying Equity Proceeds and the then available portion of the $25,000,000 basket for Investments, in each case, available under Section 6.04(v). For purposes of this definition, “Non-Compliant Subsidiary” means any Subsidiary of a Person acquired pursuant to a Permitted Acquisition that will not become a Subsidiary Loan Party in accordance with the requirements of clause (a) of this definition, and “Non-Compliant Assets” means any assets acquired pursuant to a Permitted Acquisition to be held by a Subsidiary that is not a Subsidiary Loan Party. Notwithstanding the foregoing, Holdings shall be able to make Permitted Acquisitions and other Investments permitted hereunder so long as all assets and Equity Interests acquired in connection with such Permitted Acquisition or other Investment are contributed to the Borrower or another Subsidiary (in the case of any Subsidiary that is not a Loan Party, to the extent such Investment is otherwise permitted hereunder) promptly after the consummation of such Permitted Acquisition or Investment.

“Permitted Amendment” means an amendment to this Agreement and the other Loan Documents, effected in connection with a Loan Modification Offer pursuant to Section 2.22, providing for an extension of the Maturity Date applicable to the Loans and/or Commitments of the Accepting Lenders of a relevant Class and, in connection therewith, may also provide for (a)(i) a change in the Applicable Rate with respect to the Loans and/or Commitments of the Accepting Lenders subject to such Permitted Amendment and/or (ii) a change in the fees payable to, or the inclusion of new fees to be payable to, the Accepting Lenders in respect of such Loans and/or Commitments, and/or (b) other changes to the terms and conditions in respect of such Loans and/or Commitments after the Maturity Date in respect thereof, without giving effect to any extended maturity date effected pursuant to a Loan Modification Agreement.

“Permitted Encumbrances” means:

(a) Liens imposed by law for Taxes, assessments or governmental charges that are not yet overdue for a period of more than 30 days or are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP (to the extent required thereby) are being maintained by the applicable Person;

(b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by law (other than any Lien imposed pursuant to Section 430(k) of the Code or Section 303(k) of ERISA or a violation of Section 436 of the Code), arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP (to the extent required thereby) are being maintained by the applicable Person;

(c) Liens incurred and deposits made (i) in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and other social security laws and (ii) in respect of letters of credit, bank guarantees or similar instruments issued for the account of Holdings or any Subsidiary in the ordinary course of business supporting obligations of the type set forth in clause (i) above;

(d) Liens incurred and deposits made (i) to secure the performance of bids, trade contracts, leases, statutory obligations, stay, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business and (ii) in respect of letters of credit, bank guarantees or similar instruments issued for the account of Holdings or any Subsidiary in the ordinary course of business supporting obligations of the type set forth in clause (i) above;

(e) easements, zoning restrictions, encroachments, rights-of-way and similar encumbrances and minor title defects on real property imposed by law or arising in the ordinary course of business that do not materially interfere with the ordinary conduct of business of Holdings and its Subsidiaries, taken as a whole;

(f) customary Liens (other than Liens that secure Indebtedness) and rights of setoff in favor of collecting or payor banks and credit card and/or merchant processors;

(g) banker’s liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds maintained with depository institutions; provided that such deposit accounts or funds are not established or deposited for the purpose of providing collateral for any Indebtedness and are not subject to restrictions on access by Holdings or any Subsidiary in excess of those required by applicable banking regulations;

(h) Liens arising by virtue of Uniform Commercial Code financing statement filings (or similar filings under applicable law) regarding, and any interest or title of a licensor, lessor or sublessor under, operating leases entered into by Holdings and the Subsidiaries in the ordinary course of business; and

(i) Liens representing any interest or title of a licensor, lessor or sublicensor or sublessor, or a licensee, lessee or sublicensee or sublessee, in the property subject to any lease, license or sublicense or concession agreement permitted by this Agreement;

provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness other than Liens referred to in clauses (c) and (d) above securing obligations under letters of credit or bank guarantees.

“Permitted Investments” means:

(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America (or any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within one year from the date of acquisition thereof;

(b) investments in commercial paper maturing within one year from the date of acquisition thereof and having, at such date of acquisition, a rating of at least “A-1” (or the then equivalent grade) from S&P or at least “Prime-1” (or the then applicable grade) from Moody’s;

(c) investments in certificates of deposit, banker’s acceptances and demand or time deposits, in each case maturing within one year from the date of acquisition thereof, issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the United States of America or any State thereof that has a combined capital and surplus and undivided profits of not less than $250,000,000;

(d) fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (c) above;

(e) money market that (i) have a rating of at least A-2 or P-2 from either S&P or Moody’s and (ii) have portfolio assets of at least $250,000,000; and

(f) in the case of any Foreign Subsidiary, other short-term investments that are analogous to the foregoing, are of comparable credit quality and are customarily used by companies in the jurisdiction of such Foreign Subsidiary for cash management purposes.

“Permitted Unsecured Indebtedness” means Indebtedness of the Borrower or any other Subsidiary Loan Party that guarantees the Loan Document Obligations that (i) is not secured by any collateral (including the Collateral), (ii) does not mature earlier than, and has a weighted average life to maturity no earlier than, 91 days after the Latest Maturity Date in effect at the time of incurrence of such Indebtedness, (iii) does not provide for any amortization, mandatory prepayment, redemption or repurchase (other than upon a change of control, customary asset sale or event of loss, mandatory offers to purchase and customary acceleration rights after an event of default) prior to the date that is 91 days after the Latest Maturity Date, (iv) contains covenants, events of default, guarantees and other terms that are customary for similar Indebtedness in light of then-prevailing market conditions (it being understood that such Indebtedness shall not include any financial maintenance covenants and that applicable negative covenants shall be incurrence-based to the extent customary for similar Indebtedness) and, when taken as a whole (other than interest rate premiums and redemption premiums), are not more restrictive to the Borrower and its subsidiaries than those set forth in the Loan Documents; provided that a certificate of a Financial Officer delivered to the Administrative Agent at least five (5) Business Days prior to the incurrence of such Indebtedness or the modification, refinancing, refunding, renewal or extension thereof (or such shorter period of time as may reasonably be agreed by the Administrative Agent), together with a reasonably detailed description of the material terms and conditions of such resulting Indebtedness or drafts of the material definitive documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirements shall be conclusive unless the Administrative Agent provides notice to the Borrower of its reasonable objection during such period together with a reasonable description of the basis upon which it objects, and (v) is not guaranteed by any Subsidiary that is not a Subsidiary Loan Party.

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.

“Plan” means any “employee pension benefit plan”, as defined in Section 3(2) of ERISA (other than a Multiemployer Plan), that is subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which Holdings or any of its ERISA Affiliates is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

“Platform” has the meaning set forth in Section 9.17(b).

“Post-Acquisition Period” means, with respect to any Material Acquisition or any Material Disposition, the period beginning on the date such transaction is consummated and ending on the last day of the fourth full consecutive fiscal quarter immediately following the date on which such transaction is consummated.

“Prepayment Event” means:

(a) any Disposition (including pursuant to a Sale/Leaseback Transaction or by way of merger or consolidation) of any asset of Holdings, the Borrower or any other Subsidiary, including any sale or issuance to a Person other than Holdings, the Borrower or any Subsidiary of Equity Interests in any Subsidiary, other than (i) Dispositions described in clauses (a) through (g) and clauses (i), (j), (k), (1), (m), (n) and (p) of Section 6.05 and (ii) other Dispositions resulting in aggregate Net Proceeds not exceeding (A) $5,000,000 in the case of any single transaction or series of related transactions and (B) $10,000,000 for all such transactions during any fiscal year of Holdings;

(b) any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any asset of Holdings, the Borrower or any other Subsidiary other than any resulting in aggregate Net Proceeds not exceeding (A) $5,000,000 in the case of any single transaction or series of related transactions and (B) $10,000,000 for all such transactions during any fiscal year of Holdings; or

(c) the incurrence by Holdings, the Borrower or any other Subsidiary of any Indebtedness, other than any Indebtedness permitted to be incurred under Section 6.01.

“Prime Rate” means the rate of interest per annum publicly announced from time to time by JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City. Each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.

“Private Side Lender Representatives” means, with respect to any Lender, representatives of such Lender that are not Public Side Lender Representatives.

“Pro Forma Adjustment” means, for any Test Period that includes all or any part of a fiscal quarter included in any Post-Acquisition Period for a Material Acquisition, with respect to the Acquired EBITDA of the Acquired Person or business acquired in such Material Acquisition or the Consolidated EBITDA of Holdings, the pro forma increase or decrease in such Acquired EBITDA or such Consolidated EBITDA, as the case may be (including the portion thereof attributable to any assets (including Equity Interests) acquired) projected by Holdings in good faith as a result of (a) actions taken prior to or during such Post-Acquisition Period for the purposes of realizing reasonably identifiable and factually supportable cost savings or synergies (including revenue synergies and cost saving synergies) or (b) any additional costs incurred prior to or during such Post-Acquisition Period, in each case in connection with the combination of the operations of the assets acquired with the operations of Holdings and the Subsidiaries; provided that, so long as such actions are taken prior to or during such Post-Acquisition Period or such costs are incurred prior to or during such Post-Acquisition Period, as applicable, the cost savings and synergies related to such actions or such additional costs, as applicable, may be assumed, for purposes of projecting such pro forma increase or

decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case may be, to be realizable during the entirety, or, in the case of, additional costs, as applicable, to be incurred during the entirety of such Test Period, provided further that any such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case may be, shall be without duplication for cost savings or additional costs already reflected in such Acquired EBITDA or such Consolidated EBITDA, as the case may be, for such Test Period.

“Pro Forma Basis”, “Pro Forma Compliance” and “Pro Forma Effect” means, with respect to compliance with any test or covenant hereunder required by the terms of this Agreement to be made on a pro forma basis, that (a) to the extent applicable, the Pro Forma Adjustment shall have been made and (b) all Specified Transactions and the following transactions in connection therewith shall be deemed to have occurred as of (or commencing with) the first day of the applicable period of measurement in such test or covenant: (i) income statement items (whether positive or negative) attributable to the property or Person subject to such Specified Transaction (A) in the case of a Material Disposition of all or substantially all Equity Interests in any Subsidiary of the Borrower or any division, product line, or facility used for operations of Holdings, the Borrower or any of the other Subsidiaries, shall be excluded, and (B) in the case of a Permitted Acquisition or Investment described in the definition of “Specified Transaction”, shall be included, (ii) any retirement of Indebtedness, (iii) any Indebtedness incurred or assumed by Holdings, the Borrower or any of the other Subsidiaries in connection therewith and (iv) if any such Indebtedness has a floating or formula rate, such Indebtedness shall be deemed to have accrued an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness as at the relevant date of determination; provided that, without limiting the application of the Pro Forma Adjustment pursuant to clause (a) above, the foregoing pro forma adjustments may be applied to any such test or covenant solely to the extent that such adjustments are consistent with (and subject to applicable limitations included in) the definition of Consolidated EBITDA and give effect to operating expense reductions that are (i) (x) directly attributable to such transaction, (y) expected to have a continuing impact on Holdings, the Borrower and the other Subsidiaries and (z) factually supportable or (ii) otherwise consistent with the definition of Pro Forma Adjustment, provided further that (1) except as specified in the applicable provision requiring Pro Forma Compliance, any determination of Pro Forma Compliance required shall be made assuming that compliance with the financial covenants set forth in Sections 6.12 and 6.13 is required with respect to the most recent Test Period prior to such time for which financial statements shall have been delivered pursuant to Section 5.01(a) or (b) (or, prior to the delivery of any such financial statements, ending with the last fiscal quarter included in the Pro Forma Financial Statements) and (2) all pro forma adjustments made pursuant to this definition (including all Pro Forma Adjustments) with respect to the Transactions shall be consistent in character and amount with the adjustments reflected in the Pro Forma Financial Statements.

“Pro Forma Financial Statements” has the meaning set forth in Section 3.04(b).

“Proprietary Database” means any database owned, licensed or otherwise used by any Loan Party or any Subsidiary.

“Proprietary Software” means any software owned, licensed or otherwise used by any Loan Party or any Subsidiary other than any software that (i) is generally commercially available and (ii) costs less than $100,000.

“Public Side Lender Representatives” means, with respect to any Lender, representatives of such Lender that do not wish to receive MNPI.

“Purchasing Affiliated Lender” means any Major Stockholder (other than any portfolio company of a Major Stockholder and any natural person) and any Debt Fund Affiliate. For the avoidance of doubt, Purchasing Affiliated Lenders shall not include any Purchasing Borrower Party.

“Purchasing Borrower Party” means any of Holdings, the Borrower or any other Subsidiary.

“Qualified Equity Interests” means Equity Interests of Holdings or any direct or indirect parent thereof other than Disqualified Equity Interests.

“Qualifying Equity Proceeds” means on any date with respect to any expenditure to make an Investment under Section 6.04(v) (including in connection with the acquisition of Non-Compliant Subsidiaries and/or Non-Compliant Assets in a Permitted Acquisition), to make a Restricted Payment under Section 6.08(a)(viii) or to make a payment in reliance on Section 6.08(b)(vi), the aggregate amount of Net Proceeds received by Holdings in respect of sales and issuances of its Qualified Equity Interests (other than any equity contribution made in reliance on Section 7.02, the issuance of Equity Interests to officers, directors or employees of Holdings or any Subsidiary pursuant to employee benefit or incentive plans or other similar arrangements, and the issuance of Equity Interests to any Subsidiary) during the 365-day period ending on the date of such expenditure, less the amount of all other expenditures for such purposes made during such period and on or prior to such date in reliance on such receipts of Net Proceeds.

“Recipient” means (a) the Administrative Agent, (b) any Lender and (c) any Issuing Bank, as applicable.

“Refinancing” means the refinancing of all Indebtedness of the Borrower and its subsidiaries outstanding under the Borrower’s Existing Credit Agreement immediately prior to the Effective Date.

“Refinancing Indebtedness” means, in respect of any Indebtedness (the “Original Indebtedness”), any Indebtedness that extends, renews, replaces or refinances such Original Indebtedness (or any Refinancing Indebtedness in respect thereof); provided that (a) the principal amount of such Refinancing Indebtedness shall not exceed the principal amount of such Original Indebtedness except by an amount no greater than

accrued and unpaid interest with respect to such Original Indebtedness and any fees, premium and expenses relating to such extension, renewal or refinancing; (b) the stated final maturity of such Refinancing Indebtedness shall not be earlier than that of such Original Indebtedness, and such stated final maturity shall not be subject to any conditions that could result in such stated final maturity occurring on a date that precedes the stated final maturity of such Original Indebtedness; (c) such Refinancing Indebtedness shall not be required to be repaid, prepaid, redeemed, repurchased or defeased, whether on one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof (except, in each case, upon the occurrence of an event of default a change in control or a sale of assets, or as and to the extent such repayment, prepayment, redemption, repurchase or defeasance would have been required pursuant to the terms of such Original Indebtedness) prior to the earlier of (i) the maturity of such Original Indebtedness and (ii) the date 91 days after the Latest Maturity Date in effect on the date of such extension, renewal or refinancing, provided that, notwithstanding the foregoing, scheduled amortization payments (however denominated) of such Refinancing Indebtedness shall be permitted so long as the weighted average life to maturity of such Refinancing Indebtedness shall be longer than the shorter of (x) the weighted average life to maturity of such Original Indebtedness remaining as of the date of such extension, renewal or refinancing and (y) the weighted average life to maturity of each Class of the Term Loans remaining as of the date of such extension, renewal or refinancing; (d) if such Original Indebtedness shall have been subordinated to the Loan Document Obligations, such Refinancing Indebtedness shall also be subordinated to the Loan Document Obligations on terms not less favorable in any material respect to the Lenders; and (e) such Refinancing Indebtedness shall not be secured by any Lien on any asset other than the assets that secured such Original Indebtedness (or would have been required to secure such Original Indebtedness pursuant to the terms thereof) or, in the event Liens securing such Original Indebtedness shall have been contractually subordinated to any Lien securing the Loan Document Obligations, by any Lien that shall not have been contractually subordinated to at least the same extent.

“Register” has the meaning set forth in Section 9.04(b).

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the directors, officers, partners, trustees, employees, agents, representatives, advisors and controlling persons of such Person and of such Person’s Affiliates.

“Release” means any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through the environment or within or upon any building, structure, facility or fixture.

“Required Lenders” means, at any time, Lenders having Revolving Exposures, Term Loans and unused Commitments representing more than 50% of the sum of the Aggregate Revolving Exposure, outstanding Term Loans and unused Commitments at such time.

“Requirements of Law” means, with respect to any Person, any statutes, laws, treaties, rules, regulations, orders, decrees, writs, injunctions or determinations of any arbitrator or court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property, but excluding any dividend or distribution consisting solely of the issuance of common Qualified Equity Interests of Holdings) with respect to any Equity Interests in Holdings, the Borrower or any other Subsidiary, or any payment (whether in cash, securities or other property, but excluding any payment consisting solely of the issuance of common Qualified Equity Interests of Holdings), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of, or any other return of capital with respect to, any Equity Interests in Holdings, the Borrower or any Subsidiary.

“Revolving Availability Period” means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

“Revolving Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate permitted amount of such Lender’s Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) increased or established from time to time pursuant to Section 2.21 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Revolving Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption or the Incremental Facility Agreement pursuant to which such Lender shall have assumed its Revolving Commitment, as applicable. The initial aggregate amount of the Lenders’ Revolving Commitments is $50,000,000.

“Revolving Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and such Lender’s LC Exposure and Swingline Exposure at such time.

“Revolving Lender” means a Lender with a Revolving Commitment or Revolving Exposure.

“Revolving Lender Parent” means, with respect to any Revolving Lender, any Person in respect of which such Lender is a subsidiary.

“Revolving Loan” means a Loan made pursuant to clause (b) of Section 2.01.

“Revolving Maturity Date” means February 7, 2018, and any extended maturity date with respect to all or a portion, as applicable, of Revolving Commitments hereunder pursuant to a Loan Modification Agreement.

“S&P” means Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc., and any successor to its rating agency business.

“Sale/Leaseback Transaction” means an arrangement relating to property owned by Holdings, the Borrower or any other Subsidiary whereby Holdings, the Borrower or such other Subsidiary sells or transfers such property to any Person and Holdings, the Borrower or any other Subsidiary leases such property, or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred, from such Person or its Affiliates.

“SEC” means the United States Securities and Exchange Commission.

“Secured Parties” has the meaning set forth in the Collateral Agreement.

“Securities Act” means the United States Securities Act of 1933.

“Security Documents” means the Collateral Agreement, the Foreign Pledge Agreements, the IP Security Agreements, the Mortgages and each other security agreement or other instrument or document executed and delivered pursuant to Section 5.03 or 5.12 to secure the Obligations.

“Series” has the meaning set forth in Section 2.21(b).

“Series A Convertible Preferred Stock” means the Series A Convertible Preferred Stock of Holdings outstanding on the date hereof.

“Specified Transaction” means, with respect to any period, any investment, Disposition, incurrence or repayment of Indebtedness or Restricted Payment that by the terms of this Agreement requires pro forma compliance with a test or covenant hereunder or requires such test or covenant to be calculated on a “Pro Forma Basis”.

“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves), expressed as a decimal, established by the Board of Governors to which the Administrative Agent is subject for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board of Governors). Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurocurrency Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

“Subordinated Indebtedness” of any Person means any Indebtedness of such Person that is subordinated in right of payment to any other Indebtedness of such Person.

“subsidiary” means, with respect to any Person (the “parent”) at any date, (a) any Person the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date and (b) any other Person (i) of which Equity Interests representing more than 50% of the equity value or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (ii) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.

“Subsidiary” means any subsidiary of Holdings.

“Subsidiary Loan Party” means each Subsidiary that is a party to the Collateral Agreement. Unless the context requires otherwise, the term “Subsidiary Loan Party” shall include the Borrower.

“Swingline Exposure” means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The Swingline Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the total Swingline Exposure at such time.

“Swingline Lender” means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

“Swingline Loan” means a Loan made pursuant to Section 2.04.

“Syndication Agents” means Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated and Xxxxxxx Sachs Bank USA in their capacities as syndication agents for the credit facilities provided for herein.

“Taxes” means any present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

“Term Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make a Term Loan on the Effective Date, expressed as an amount representing the maximum principal amount of the Term Loan to be made by such Lender, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Term Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Term Commitment, as applicable. The initial aggregate amount of the Lenders’ Term Commitments is $315,000,000.

“Term Lender” means a Lender with a Term Commitment or an outstanding Term Loan.

“Term Loan” means a Loan made pursuant to clause (a) of Section 2.01.

“Term Maturity Date” means February 7, 2019, and, as applicable, any extended maturity date with respect to all or a portion of any Class of Term Loans hereunder pursuant to a Loan Modification Agreement.

“Test Period” means each period of four consecutive fiscal quarters of Holdings.

“Transaction Costs” means the fees and expenses incurred in connection with the Transactions consummated or effected on the Effective Date.

“Transactions” means the Refinancing, the Restricted Payments made in reliance on Section 6.08(a)(vii) hereof, and the Financing Transactions.

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate.

“Unrestricted Cash” means, as of any date, unrestricted cash and cash equivalents owned by the Borrower and the Subsidiaries that are not, and are not presently required under the terms of any agreement or other arrangement binding on the Borrower or any Subsidiary on such date to be, (a) pledged to or held in one or more accounts under the control of one or more creditors of the Borrower or any Subsidiary (other than to secure the Loan Document Obligations) or (b) otherwise segregated from the general assets of the Borrower and the Subsidiaries, in one or more special accounts or otherwise, for the purpose of securing or providing a source of payment for Indebtedness or other obligations that are or from time to time may be owed to one or more creditors of the Borrower or any Subsidiary (other than to secure the Loan Document Obligations). It is agreed that cash and cash equivalents held in ordinary deposit or security accounts and not subject to any existing or contingent restrictions on transfer by the Borrower or a Subsidiary will not be excluded from Unrestricted Cash by reason of setoff rights or other Liens created by law or by applicable account agreements in favor of the depositary institutions or security intermediaries.

“U.S. Person” means a “United States person” within the meaning of Section 7701(a)(30) of the Code.

“U.S. Tax Compliance Certificate” has the meaning assigned to such term in Section 2.17(f)(ii)(B)(3).

“USA PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001.

“Website Agreements” means all agreements between any Loan Party and/or any Subsidiary and any other Person pursuant to which such Person provides any services relating to the operation, management or maintenance of any Website or Domain Name, including all agreements with any Person providing web hosting, database management or maintenance of disaster recovery services to any Subsidiary and all agreements with any domain name registrar.

“Websites” means all websites (including all content (including all elements of each website and all materials published on each website), HTML documents, audiovisual material, software, data, copyrights, trademarks, patents and trade secrets relating to such websites) owned by the Loan Parties or any Subsidiary and all exclusive and nonexclusive licenses to the Loan Parties or any Subsidiary from third parties or rights to use websites owned by such third parties.

“wholly-owned”, when used in reference to a subsidiary of any Person, means that all the Equity Interests in such subsidiary (other than directors’ qualifying shares and other nominal amounts of Equity Interests that are required to be held by other Persons under applicable law) are owned, beneficially and of record, by such Person, another wholly-owned subsidiary of such Person or any combination thereof.

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

“Withholding Agent” means any Loan Party or the Administrative Agent.

SECTION 1.02. Classification of Loans and Borrowings. For purposes of this Agreement, Loans and Borrowings may be classified and referred to by Class (e.g., a “Revolving Loan” or “Revolving Borrowing”) or by Type (e.g., a “Eurocurrency Loan” or “Eurocurrency Borrowing”) or by Class and Type (e.g., a “Eurocurrency Revolving Loan” or “Eurocurrency Revolving Borrowing”).

SECTION 1.03. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. The words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all real and personal, tangible and intangible assets and properties, including cash, securities, accounts and contract rights. The word “law” shall be construed as referring to all statutes, rules, regulations, codes and other laws (including official rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply), and all judgments, orders, writs and decrees, of all Governmental Authorities. Unless the context requires otherwise, (a) any definition of or reference to any agreement, instrument or other document (including this Agreement and the other

Loan Documents) shall be construed as referring to such agreement, instrument or other document as from time to time amended, amended and restated, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any definition of or reference to any statute, rule or regulation shall be construed as referring thereto as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws), (c) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, (d) the words “herein”, “hereof’ and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof and (e) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement.

SECTION 1.04. Accounting Terms; GAAP; Pro Forma Calculations. (a) Except as otherwise expressly provided herein, all terms of an accounting or financial nature used herein shall be construed in accordance with GAAP as in effect from time to time; provided that (i) if the Borrower, by notice to the Administrative Agent, shall request an amendment to any provision hereof to eliminate the effect of any change occurring after the Effective Date in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent or the Required Lenders, by notice to the Borrower, shall request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith and (ii) notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Statement of Financial Accounting Standards 159, The Fair Value Option for Financial Assets and Financial Liabilities, or any successor thereto (including pursuant to the Accounting Standards Codification), to value any Indebtedness of Holdings or any Subsidiary at “fair value”, as defined therein. Notwithstanding any other provision contained herein, any lease that is treated as an operating lease for purposes of GAAP as of the date hereof shall continue to be treated as an operating lease (and any future lease, if it were in effect on the date hereof, that would be treated as an operating lease for purposes of GAAP as of the date hereof shall be treated as an operating lease), in each case for purposes of this Agreement and the other Loan Documents, notwithstanding any change in GAAP after the date hereof.

(b) For purposes of determining compliance with any test or covenant contained in this Agreement with respect to any period during which any Material Acquisition or Material Disposition occurs, Consolidated EBITDA, the Leverage Ratio, the First Lien Secured Leverage Ratio and the Interest Coverage Ratio shall be calculated with respect to such period on a Pro Forma Basis giving effect to such Material Acquisition or Material Disposition.

SECTION 1.05. Effectuation of Transactions. All the representations and warranties of Holdings, the Borrower and the other Loan Parties contained in this Agreement and the other Loan Documents shall be deemed made, in each case, after giving effect to the Refinancing and the other Transactions to occur on the Effective Date, unless the context otherwise requires.

ARTICLE II

The Credits

SECTION 2.01. Commitments. Subject to the terms and conditions set forth herein, each Lender agrees (a) to make a Term Loan to the Borrower on the Effective Date in an aggregate principal amount not exceeding its Term Commitment and (b) to make Revolving Loans to the Borrower from time to time during the Revolving Availability Period in an aggregate principal amount that will not result in such Lender’s Revolving Exposure exceeding such Lender’s Revolving Commitment or the Aggregate Revolving Exposure exceeding the Aggregate Revolving Commitment; provided that Revolving Loans may be borrowed on the Effective Date only in an aggregate principal amount not in excess of $15,000,000. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans. Amounts repaid or prepaid in respect of Term Loans may not be reborrowed.

SECTION 2.02. Loans and Borrowings. (a) Each Loan (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans of the same Class and Type made by the Lenders ratably in accordance with their respective Commitments of the applicable Class. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.

(b) Subject to Section 2.14, each Revolving Borrowing and Term Borrowing shall be comprised entirely of ABR Loans or Eurocurrency Loans as the Borrower may request in accordance herewith; provided that all Borrowings made on the Effective Date must be made as ABR Borrowings unless the Borrower shall have given the notice required for a Eurocurrency Borrowing under Section 2.03 and provided an indemnity letter, in form and substance reasonably satisfactory to the Administrative Agent, extending the benefits of Section 2.16 to Lenders in respect of such Borrowings. Each Swingline Loan shall be an ABR Loan. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

(c) At the commencement of each Interest Period for any Eurocurrency Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $2,500,000; provided that a Eurocurrency Borrowing that results from a continuation of an outstanding Eurocurrency

Borrowing may be in an aggregate amount that is equal to such outstanding Borrowing. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $2,500,000; provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the entire unused balance of the Aggregate Revolving Commitment or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(f). Each Swingline Loan shall be in an amount that is an integral multiple of $500,000 and not less than $1,000,000; provided that a Swingline Loan may be in an aggregate amount that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(f). Borrowings of more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of ten (10) (or such greater number as may be agreed to by the Administrative Agent) Eurocurrency Borrowings outstanding.

(d) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert to or continue, any Eurocurrency Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date applicable thereto.

SECTION 2.03. Requests for Borrowings. To request a Revolving Borrowing or Term Borrowing, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurocurrency Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of the proposed Borrowing (or, in the case of any Eurocurrency Borrowing to be made on the Effective Date, such shorter period of time as may be agreed to by the Administrative Agent) or (b) in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the day of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or facsimile to the Administrative Agent of an executed written Borrowing Request. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:

(i) whether the requested Borrowing is to be a Term Borrowing, an Incremental Term Borrowing of a particular Series or a Revolving Borrowing;

(ii) the aggregate amount of such Borrowing;

(iii) the date of such Borrowing, which shall be a Business Day;

(iv) whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing;

(v) in the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and

(vi) the location and number of the account or accounts to which funds are to be disbursed or, in the case of any ABR Revolving Borrowing requested to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), the identity of the Issuing Bank that made such LC Disbursement.

If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurocurrency Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the applicable Class of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

SECTION 2.04. Swingline Loans. (a) Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrower from time to time during the Revolving Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of the outstanding Swingline Loans exceeding $5,000,000 or (ii) the Aggregate Revolving Exposure exceeding the Aggregate Revolving Commitment; provided that the Swingline Lender shall not be required to, but may, make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans.

(b) To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such request by telephone not later than 1:00 p.m., New York City time, on the day of the proposed Swingline Loan. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or facsimile to the Administrative Agent of an executed written Borrowing Request. Each such telephonic and written Borrowing Request shall specify the requested date (which shall be a Business Day) and the amount of the requested Swingline Loan and the location and number of the account of the Borrower to which funds are to be disbursed or, in the case of any Swingline Loan requested to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), the identity of the Issuing Bank that has made such LC Disbursement. Promptly following the receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise the Swingline Lender of the details thereof. The Swingline Lender shall make each Swingline Loan available to the Borrower by means of a wire transfer to the account or accounts specified in such Borrowing Request or to the applicable Issuing Bank, as the case may be, by 3:00 p.m., New York City time, on the requested date of such Swingline Loan.

(c) The Swingline Lender may by written notice given to the Administrative Agent not later than 10:00 a.m., New York City time, on any Business Day require the Revolving Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans outstanding. Such notice shall specify the aggregate amount of the Swingline Loans in which Revolving Lenders will be required to

participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Revolving Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Revolving Lender hereby absolutely and unconditionally agrees to pay, upon receipt of notice as provided above, to the Administrative Agent, for the account of the Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Revolving Lender acknowledges and agrees that, in making any Swingline Loan, the Swingline Lender shall be entitled to rely, and shall not incur any liability for relying, upon the representation and warranty of Holdings and the Borrower deemed made pursuant to Section 4.02. Each Revolving Lender further acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or any reduction or termination of the Revolving Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Revolving Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders pursuant to this paragraph), and the Administrative Agent shall promptly remit to the Swingline Lender the amounts so received by it from the Revolving Lenders. The Administrative Agent shall notify the Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any amounts received by the Swingline Lender from the Borrower (or other Person on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made their payments pursuant to this paragraph and to the Swingline Lender, as their interests may appear; provided that any such payment so remitted shall be repaid to the Swingline Lender or to the Administrative Agent, as applicable, if and to the extent such payment is required to be refunded to the Borrower for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not constitute a Loan and shall not relieve the Borrower of its obligation to repay such Swingline Loan.

SECTION 2.05. Letters of Credit. (a) General. Subject to the terms and conditions set forth herein, each Issuing Bank agrees to issue Letters of Credit for the Borrower’s own account or, so long as the Borrower is a joint and several co-applicant with respect thereto, the account of any Subsidiary, denominated in dollars and in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, at any time and from time to time during the Revolving Availability Period. The Borrower unconditionally and irrevocably agrees that, in connection with any Letter of Credit issued for the account of any Subsidiary as provided in the first sentence of this paragraph, it will be fully responsible for the reimbursement of LC Disbursements, the payment of interest thereon and the payment of fees due under Section 2.12(b) to the

same extent as if it were the sole account party in respect of such Letter of Credit. Each Existing Letter of Credit shall be deemed, for all purposes of this Agreement (including paragraphs (d) and (f) of this Section), to be a Letter of Credit issued hereunder for the account of the Borrower. Notwithstanding anything contained in any letter of credit application furnished to any Issuing Bank in connection with the issuance of any Letter of Credit, (i) all provisions of such letter of credit application purporting to grant liens in favor of the Issuing Bank to secure obligations in respect of such Letter of Credit shall be disregarded, it being agreed that such obligations shall be secured to the extent provided in this Agreement and in the Security Documents, and (ii) in the event of any inconsistency between the terms and conditions of such letter of credit application or any other agreement submitted by the Borrower to, or entered into by the Borrower with, the applicable Issuing Bank relating to any Letter of Credit, and the terms and conditions of this Agreement, the terms and conditions of this Agreement shall control.

(b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit or the amendment, renewal or extension of an outstanding Letter of Credit, the Borrower shall hand deliver or fax (or transmit by electronic communication, if arrangements for doing so have been approved by the recipient) to the applicable Issuing Bank and the Administrative Agent, reasonably in advance of the requested date of issuance, amendment, renewal or extension, a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the requested date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to enable the applicable Issuing Bank to prepare, amend, renew or extend such Letter of Credit. If requested by the applicable Issuing Bank, the Borrower shall also submit a letter of credit application on such Issuing Bank’s standard form in connection with any such request. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon each issuance, amendment, renewal or extension of any Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the LC Exposure will not exceed $10,000,000 and (ii) the Aggregate Revolving Exposure will not exceed the Aggregate Revolving Commitment. Each Issuing Bank agrees that it shall not permit any issuance, amendment, renewal or extension of a Letter of Credit to occur unless it shall have given to the Administrative Agent written notice thereof required under paragraph (1) of this Section.

(c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that is five Business Days prior to the Revolving Maturity Date; provided that any Letter of Credit may contain customary automatic renewal provisions agreed upon by the Borrower and the applicable Issuing Bank pursuant to which the expiration date of such Letter of Credit shall automatically be

extended for a period of up to 12 months (but not to a date later than the date set forth in clause (ii) above), subject to a right on the part of such Issuing Bank to prevent any such renewal from occurring by giving notice to the beneficiary in advance of any such renewal; and provided further that if there exist any Incremental Revolving Commitments having a maturity date later than the Revolving Maturity Date (the “Subsequent Maturity Date”), then, so long as the aggregate LC Exposure in respect of Letters of Credit expiring after the Revolving Maturity will not exceed the lesser of $10,000,000 and the aggregate amount of such Incremental Revolving Commitments, the Borrower may request the issuance of a Letter of Credit that shall expire at or prior to the close of business on the earlier of (A) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (B) the date that is five Business Days prior to the Subsequent Maturity Date. Notwithstanding the foregoing, any Letter of Credit issued hereunder may, in the sole discretion of the applicable Issuing Bank, expire after the fifth Business Day prior to the Maturity Date (or the Subsequent Maturity Date) but on or before the date that is 90 days after the Maturity Date (or the Subsequent Maturity Date), provided that the Borrower hereby agrees that it shall provide cash collateral in an amount equal to 102% (or such other percentage as may be agreed with the applicable Issuing Bank) of the LC Exposure in respect of any such outstanding Letter of Credit to the applicable Issuing Bank at least five Business Days prior to the Maturity Date (or Subsequent Maturity Date, if applicable), which such amount shall be (A) deposited by the Borrower in an account with and in the name of such Issuing Bank and (B) held by such Issuing Bank for the satisfaction of the Borrower’s reimbursement obligations in respect of such Letter of Credit until the expiration of such Letter of Credit. Any Letter of Credit issued with an expiration date beyond the fifth Business Day prior to the Maturity Date (or the Subsequent Maturity Date, as applicable) shall, to the extent of any undrawn amount remaining thereunder on the Maturity Date (or the Subsequent Maturity Date, if applicable), cease to be a “Letter of Credit” outstanding under this Agreement for purposes of the Revolving Lenders’ obligations to participate in Letters of Credit pursuant to paragraph (d) below.

(d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or any Revolving Lender, the Issuing Bank that is the issuer thereof hereby grants to each Revolving Lender, and each Revolving Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such Revolving Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of such Issuing Bank, such Revolving Lender’s Applicable Percentage of each LC Disbursement made by such Issuing Bank under such Letter of Credit and not reimbursed by the Borrower on the date due as provided in paragraph (f) of this Section, or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional

and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or any reduction or termination of the Revolving Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Revolving Lender further acknowledges and agrees that, in issuing, amending, renewing or extending any Letter of Credit, the applicable Issuing Bank shall be entitled to rely, and shall not incur any liability for relying, upon the representation and warranty of Holdings and the Borrower deemed made pursuant to Section 4.02.

(e) Disbursements. Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit and shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by hand delivery or facsimile) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

(f) Reimbursements. If an Issuing Bank shall make an LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than 12:00 noon, New York City time, on the Business Day immediately following the day that the Borrower receives such notice; provided that, if the amount of such LC Disbursement is $250,000 or more, the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 or 2.04 that such payment be financed with an ABR Revolving Borrowing or a Swingline Loan, respectively, and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If the Borrower fails to reimburse any LC Disbursement by the time specified above, the Administrative Agent shall notify each Revolving Lender of such failure, the payment then due from the Borrower in respect of the applicable LC Disbursement and such Revolving Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall pay to the Administrative Agent its Applicable Percentage of the amount then due from the Borrower, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders pursuant to this paragraph), and the Administrative Agent shall promptly remit to the applicable Issuing Bank the amounts so received by it from the Revolving Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Revolving Lenders and such Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse an Issuing Bank for an LC Disbursement (other than the funding of an ABR Revolving Borrowing or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

(g) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in paragraph (f) of this Section is absolute, unconditional and irrevocable and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision thereof or hereof, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by an Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this paragraph, constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder. None of the Administrative Agent, the Lenders, the Issuing Banks or any of their Related Parties shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit, any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any other act, failure to act or other event or circumstance; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by such Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an Issuing Bank (as determined by a court of competent jurisdiction in a final and nonappealable judgment), such Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented that appear on their face to be in substantial compliance with the terms of a Letter of Credit, an Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit.

(h) Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement in full, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to

the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrower reimburses the applicable LC Disbursement in full.

(i) Cash Collateralization. If any Event of Default under clause (a), (b), (i) or (j) of Section 7.01 shall occur and be continuing, on the Business Day that the Borrower receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, a Majority in Interest of the Revolving Lenders) demanding the deposit of cash collateral pursuant to this paragraph, the Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (i) or (j) of Section 7.01. The Borrower also shall deposit cash collateral in accordance with this paragraph as and to the extent required by Section 2.11(b) or 2.20. Each such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent in Permitted Investments and at the Borrower’s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Banks for LC Disbursements for which they have not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to (i) the consent of a Majority in Interest of the Revolving Lenders and (ii) in the case of any such application at a time when any Lender is a Defaulting Lender (but only if, after giving effect thereto, the remaining cash collateral shall be less than the aggregate LC Exposure of all the Defaulting Lenders), the consent of each Issuing Bank), be applied to satisfy other obligations of the Borrower under this Agreement. If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default or the existence of a Defaulting Lender, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived or after the termination of Defaulting Lender status, as applicable. If the Borrower is required to provide an amount of cash collateral hereunder pursuant to Section 2.11(b), such amount (to the extent not applied as aforesaid) shall be returned to the Borrower as promptly as practicable and to the extent that, after giving effect to such return, the Aggregate Revolving Exposure would not exceed the Aggregate Revolving Commitment and no Default shall have occurred and be continuing.

(j) Designation of Additional Issuing Banks. The Borrower may, at any time and from time to time, with the consent of the Administrative Agent (which consent shall not be unreasonably withheld), designate as additional Issuing Banks one or more Revolving Lenders that agree to serve in such capacity as provided below. The acceptance by a Revolving Lender of an appointment as an Issuing Bank hereunder shall be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, executed by the Borrower, the Administrative Agent and such designated Revolving Lender and, from and after the effective date of such agreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and (ii) references herein to the term “Issuing Bank” shall be deemed to include such Revolving Lender in its capacity as an issuer of Letters of Credit hereunder.

(k) Termination of an Issuing Bank. The Borrower may terminate the appointment of any Issuing Bank as an “Issuing Bank” hereunder by providing a written notice thereof to such Issuing Bank, with a copy to the Administrative Agent. Any such termination shall become effective upon the earlier of (i) such Issuing Bank acknowledging receipt of such notice and (ii) the 10th Business Day following the date of the delivery thereof; provided that no such termination shall become effective until and unless the LC Exposure attributable to Letters of Credit issued by such Issuing Bank (or its Affiliates) shall have been reduced to zero. At the time any such termination shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the terminated Issuing Bank pursuant to Section 2.12(b). Notwithstanding the effectiveness of any such termination, the terminated Issuing Bank shall remain a party hereto and shall continue to have all the rights of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such termination, but shall not issue any additional Letters of Credit.

(1) Issuing Bank Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each Issuing Bank shall, in addition to its notification obligations set forth elsewhere in this Section, report in writing to the Administrative Agent (i) periodic activity (for such period or recurrent periods as shall be requested by the Administrative Agent) in respect of Letters of Credit issued by such Issuing Bank, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) reasonably prior to the time that such Issuing Bank issues, amends, renews or extends any Letter of Credit, the date of such issuance, amendment, renewal or extension, and the stated amount of the Letters of Credit issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension (and whether the amounts thereof shall have changed), (iii) on each Business Day on which such Issuing Bank makes any LC Disbursement, the date and amount of such LC Disbursement, (iv) on any Business Day on which the Borrower fails to reimburse an LC Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and the amount of such LC Disbursement and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such Issuing Bank.

(m) LC Exposure Determination. For all purposes of this Agreement, the amount of a Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at the time of determination.

SECTION 2.06. Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly remitting the amounts so received, in like funds, to an account or accounts designated by the Borrower in the applicable Borrowing Request or, in the case of ABR Revolving Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), to the Issuing Bank specified by the Borrower in the applicable Borrowing Request.

(b) Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance on such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of a payment to be made by the Borrower, the interest rate applicable to ABR Revolving Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing.

SECTION 2.07. Interest Elections. (a) Each Revolving Borrowing and Term Borrowing initially shall be of the Type and, in the case of a Eurocurrency Borrowing, shall have an initial Interest Period as specified in the applicable Borrowing Request or as otherwise provided in Section 2.03. Thereafter, the Borrower may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Borrowings, which may not be converted or continued.

(b) To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or facsimile to the Administrative Agent of an executed written Interest Election Request. Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02:

(i) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing);

(ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;

(iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; and

(iv) if the resulting Borrowing is to be a Eurocurrency Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”.

If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

(c) Promptly following receipt of an Interest Election Request in accordance with this Section, the Administrative Agent shall advise each Lender of the applicable Class of the details thereof and of such Lender’s portion of each resulting Borrowing.

(d) If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall (i) in the case of a Term Borrowing, be continued as a Eurocurrency Borrowing for an additional Interest Period of one month or (ii) in the case of a Revolving Borrowing, be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default under clause (i) or (j) of Section 7.01 has occurred and is continuing with respect to Holdings or the Borrower, or if any other Event of Default has occurred and is continuing and the

Administrative Agent, at the request of a Majority in Interest of Lenders of any Class, has notified the Borrower of the election to give effect to this sentence on account of such other Event of Default, then, in each such case, so long as such Event of Default is continuing, (i) no outstanding Borrowing of such Class may be converted to or continued as a Eurocurrency Borrowing and (ii) unless repaid, each Eurocurrency Borrowing of such Class shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto.

SECTION 2.08. Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Term Commitments shall automatically terminate upon the funding of the Term Loans on the Effective Date and (ii) the Revolving Commitments shall automatically terminate on the Revolving Maturity Date.

(b) The Borrower may at any time terminate, or from time to time permanently reduce, the Commitments of any Class; provided that (i) each reduction of the Commitments of any Class shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans or Swingline Loans in accordance with Section 2.11, the Aggregate Revolving Exposure would exceed the Aggregate Revolving Commitment.

(c) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying the effective date thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the applicable Class of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination or reduction of the Revolving Commitments under paragraph (b) of this Section may state that such notice is conditioned upon the occurrence of one or more events specified therein, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date or termination) if such condition is not satisfied. Any termination or reduction of the Commitments of any Class shall be permanent. Each reduction of the Commitments of any Class shall be made ratably among the Lenders in accordance with their respective Commitments of such Class.

SECTION 2.09. Repayment of Loans; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Revolving Loan of such Lender on the Revolving Maturity Date, (ii) to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Term Loan of such Lender as provided in Section 2.10, (iii) to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Incremental Term Loan of such Lender on the maturity date applicable to such Incremental Term Loans and (iv) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of (A) the Revolving Maturity Date and ten (10) Business Days after such Swingline Loan is made; provided that on each date that a Revolving Borrowing is made, the Borrower shall repay all Swingline Loans that were outstanding on the date such Borrowing was requested.

(b) The records maintained by the Administrative Agent and the Lenders shall be prima facie evidence of the existence and amounts of the obligations of the Borrower in respect of the Loans, LC Disbursements, interest and fees due or accrued hereunder; provided that the failure of the Administrative Agent or any Lender to maintain such records or any error therein shall not in any manner affect the obligation of the Borrower to pay any amounts due hereunder in accordance with the terms of this Agreement. In the event of any inconsistency between the records maintained by the Administrative Agent and the records maintained by any Lender, the records maintained by the Administrative Agent shall control. In the event of any conflict between the records of the Administrative Agent or any Lender under this Section 2.09, on the one hand, and the Register, on the other hand, the Register shall control.

(c) Any Lender may request through the Administrative Agent that Loans of any Class made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns).

SECTION 2.10. Amortization of Term Loans. (a) The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders (i) on the last Business Day of each December, March, June and September, beginning with June 30, 2013 an aggregate amount equal to 0.25% of the aggregate amount of all Term Loans outstanding on the Effective Date (which payments shall be reduced as a result of the application of prepayments in accordance with Section 2.11) and (ii) on the Term Maturity Date, the aggregate principal amount of all Term Loans outstanding on such date. The Borrower shall repay Incremental Term Loans of any Series in such amounts and on such date or dates as shall be specified therefor in the Incremental Facility Agreement establishing the Incremental Term Commitments of such Series (as such amounts may be adjusted pursuant to paragraph (c) of this Section or pursuant to such Incremental Facility Agreement).

(b) To the extent not previously paid, (i) all Term Loans shall be due and payable on the Term Maturity Date and (ii) all Incremental Term Loans of any Series shall be due and payable on the Incremental Term Loan Maturity Date applicable thereto.

(c) Any prepayment of a Term Borrowing of any Class, whether voluntary or mandatory, shall be applied in direct order of maturity to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section. In the event that Term Loans of any Class are converted into a new Class of Term Loans pursuant to a Permitted Amendment effected pursuant to Section 2.22, then the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section will not be reduced or otherwise affected by such transaction (except to the extent of additional amortization payments in agreed amounts on or after the original Maturity Date applicable to any such Term Loans and related reductions in the final scheduled payment at any new Maturity Date).

(d) Prior to any repayment of any Term Borrowings of any Class under clause (a) of this Section, the Borrower shall select the Borrowing or Borrowings of the applicable Class to be repaid and shall notify the Administrative Agent by telephone (confirmed by hand delivery or facsimile) of such selection not later than 11:00 a.m., New York City time, three Business Days before the scheduled date of such repayment; provided that, unless otherwise directed by the Borrower, amounts to be applied as provided above to the repayment of Term Borrowings of any Class shall be applied (i) first, to reduce ABR Term Borrowings of such Class and (ii) second, to reduce Eurocurrency Term Borrowings of such Class in direct order of maturity. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amounts repaid.

SECTION 2.11. Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without penalty or premium (subject to paragraph (h) of this Section), subject to the requirements of this Section.

(b) In the event and on each occasion that the Aggregate Revolving Exposure exceeds the Aggregate Revolving Commitment (including as a result of the occurrence of a Maturity Date with respect to any portion the Aggregate Revolving Commitments when another portion thereof has a later Maturity Date as a result of a Loan Modification Agreement), the Borrower shall prepay Revolving Borrowings or Swingline Borrowings (or, if no such Borrowings are outstanding, deposit cash collateral in an account with the Administrative Agent in accordance with Section 2.05(i)) in an aggregate amount equal to such excess.

(c) In the event and on each occasion that any Net Proceeds are received by Holdings, the Borrower or any other Subsidiary in respect of any Prepayment Event, the Borrower shall, on the day such Net Proceeds are received (or, in the case of a Prepayment Event described in clause (a) or (b) of the definition of the term “Prepayment Event”, within three Business Days after such Net Proceeds are received), prepay Term Borrowings in an amount equal to such Net Proceeds; provided that, in the case of any event described in clause (a) or (b) of the definition of the term “Prepayment Event”, if the Borrower shall, prior to the date of the required prepayment, deliver to the Administrative Agent a certificate of a Financial Officer of the Borrower to the effect that the Borrower intends to cause the Net Proceeds from such event (or a portion thereof specified in such certificate) to be applied (or committed to be applied) within one year after receipt of such Net Proceeds to acquire assets to be used or useful in the business of the Borrower or any of the Domestic Subsidiaries (or any Foreign Subsidiary solely to the extent such Net Proceeds are attributable to a Foreign Subsidiary), or to consummate any Permitted Acquisition (or other acquisition permitted hereunder) in accordance with the provisions hereof of Persons that will become, or assets that will be held by, the Borrower or any of the Domestic Subsidiaries (or any Foreign Subsidiary solely to the

extent such Net Proceeds are attributable to a Foreign Subsidiary)(but not of or by other Persons), and certifying that no Event of Default has occurred and is continuing, then no prepayment shall be required pursuant to this paragraph in respect of the Net Proceeds from such event (or the portion of such Net Proceeds specified in such certificate, if applicable) except to the extent of any such Net Proceeds that have not been so applied by the end of such one-year period (or within a period of 180 days thereafter if by the end of such initial one-year period the Borrower or one or more of the Domestic Subsidiaries or Foreign Subsidiaries, as applicable, shall have entered into a legally binding agreement with a third party to acquire such assets, or to consummate such Permitted Acquisition (or other acquisition permitted hereunder), with such Net Proceeds), at which time a prepayment shall be required in an amount equal to the Net Proceeds that have not been so applied.

(d) Following the end of each fiscal year of Holdings, commencing with the fiscal year ending December 31, 2013, the Borrower shall prepay Term Borrowings of each Class in an aggregate amount equal to (i) the product of (A) 75% (or, if the Leverage Ratio as of the last day of such fiscal year shall have been less than (x) 4.00 to 1.00 and equal to or greater than 3.25 to 1.00, 50%, (y) 3.25 to 1.00 and equal to or greater than 2.75 to 1.00, 25% and (z) 2.75 to 1.00, 0%) of Excess Cash Flow for such fiscal year and (B) the percentage of the aggregate principal amount of the Term Borrowings of all Classes outstanding as of the end of such fiscal year represented by the Term Borrowings of such Class outstanding as of the end of such fiscal year, less (ii) the aggregate principal amount of any voluntary prepayment of Term Borrowings of such Class or (to the extent accompanied by a permanent reduction in the Revolving Commitments) Revolving Loans made by the Borrower pursuant to paragraph (a) of this Section during such fiscal year (the prepayment otherwise required in respect of Term Borrowings of any Class being credited in an amount equal to the percentage referred to in clause (B) above applicable to such Class applied to the amount of any such prepayment of Revolving Loans), excluding in any event any such prepayments to the extent financed from Excluded Sources. Each prepayment pursuant to this paragraph shall be made within five (5) Business Days of the date on which financial statements are delivered pursuant to Section 5.01(a) with respect to the fiscal year for which Excess Cash Flow is being calculated (and in any event no later than the last day on which such financial statements may be delivered in compliance with such Section).

(e) In the event and on each occasion that, as a result of the receipt of any cash proceeds by Holdings, the Borrower or any other Subsidiary in connection with any Disposition of any asset or any other event, Holdings, the Borrower or any other Loan Party would be required by the terms of any Indebtedness that is Subordinated Indebtedness with respect to the Loan Document Obligations (or any Refinancing Indebtedness in respect thereof) to repay, prepay, redeem, repurchase or defease, or make an offer to repay, prepay, redeem, repurchase or defease, any such Subordinated Indebtedness (or such Refinancing Indebtedness) or any other Subordinated Indebtedness, then, prior to the time at which it would be required to make such repayment, prepayment, redemption, repurchase or defeasance or to make such offer, the Borrower shall, if and to the extent it would reduce, eliminate or satisfy any such requirement, (i) prepay Term Borrowings or (ii) use such cash proceeds to acquire assets in one or more transactions permitted hereby.

(f) Prior to any optional or mandatory prepayment of Borrowings under this Section, the Borrower shall specify the Borrowing or Borrowings to be prepaid in the notice of such prepayment delivered pursuant to paragraph (g) of this Section. In the event of any mandatory prepayment of Term Borrowings made at a time when Term Borrowings of more than one Class are outstanding, the Borrower shall (except as otherwise required by paragraph (d) of this Section or as otherwise provided in the Incremental Facility Agreement with respect to any Incremental Term Facility) select Term Borrowings to be prepaid so that the aggregate amount of such prepayment is allocated among the Term Borrowings pro rata based on the aggregate principal amounts of outstanding Borrowings of each such Class.

(g) The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by hand delivery or facsimile) of any optional prepayment and, to the extent practicable, any mandatory prepayment hereunder (i) in the case of prepayment of a Eurocurrency Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 12:00 noon, New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount of each Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment; provided that (A) if a notice of optional prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.08, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.08 and (B) a notice of prepayment of Term Borrowings pursuant to paragraph (a) of this Section may state that such notice is conditioned upon the occurrence of one or more events specified therein, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified date of prepayment) if such condition is not satisfied. Promptly following receipt of any such notice (other than a notice relating solely to Swingline Loans), the Administrative Agent shall advise the Lenders of the applicable Class of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02, except as necessary to apply fully the required amount of a mandatory prepayment. Each prepayment of a Borrowing shall (except as otherwise required by paragraph (j) hereof) be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13.

(h) All voluntary prepayments of Term Loans and all mandatory prepayments of Term Loans required as a result of the incurrence of Indebtedness pursuant to Section 2.11(c) that, in any case are effected prior to the first anniversary of the Effective Date with the proceeds of a substantially concurrent issuance or incurrence

of term loan Indebtedness (including any replacement or incremental term loan facility effected pursuant to an amendment of this Agreement) incurred for the primary purpose of repaying, refinancing, substituting or replacing, in whole or in part, the Term Loans (and, in any event, excluding any repayment, refinancing, substitution or replacement of the Term Loans that may occur in connection with a Change in Control or any other larger strategic transaction of Holdings) will be accompanied by a prepayment fee equal to 1.00% of the aggregate principal amount of such prepayment if the effective interest rate or weighted average yield (assuming a 4-year life to maturity) (to be determined in the reasonable discretion of the Administrative Agent consistent with generally accepted financial practices, after giving effect to margins, LIBOR floors, upfront or similar fees or original issue discount shared with all lenders or holders thereof, but excluding the effect of any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared with all lenders or holders thereof) applicable to such Indebtedness is, or upon satisfaction of certain conditions (other than customary grid-based pricing) could be, less than the effective interest rate for, or weighted average yield of (to be determined in the reasonable discretion of the Administrative Agent consistent with generally accepted financial practices, on the same basis as above) the Term Loans. Such fee shall be paid by the Borrower to the Administrative Agent, for the accounts of the relevant Term Lenders, on the date of such prepayment.

(i) Notwithstanding anything to the contrary contained in this Section 2.11, if any Lender shall notify the Administrative Agent at least one Business Day prior to the date of any prepayment pursuant to Section 2.11(c) or 2.11(d) (other than in connection with a refinancing of all Term Loans) that it wishes to decline its share of such prepayments, such share shall be retained by the Borrower. In such case, the scheduled amortization payments required by Section 2.10 with respect to the Term Loans of such Lender shall not be reduced as a result of the relevant prepayment that was declined, and the Borrower shall remain responsible for the payment thereof in accordance with the provisions of Section 2.10.

(j) Notwithstanding any other provisions of this Section 2.11 to the contrary, to the extent that any Net Proceeds received by a Foreign Subsidiary in respect of a Prepayment Event described in clause (a) or (b) of the definition of the term “Prepayment Event” is prohibited or delayed by applicable local law from being repatriated to the United States or to the extent that Holdings and the Borrower have determined in good faith that repatriation of any or all of such Net Proceeds would have a material adverse tax cost consequence with respect to such Net Proceeds, the portion of such Net Proceeds so affected will not be required to be applied to repay Term Loans at the times provided in Section 2.11(c) but may be retained by the applicable Foreign Subsidiary so long, but only so long, as (i) the applicable local law will not permit repatriation to the United States (Holdings and the Borrower hereby agreeing to cause the applicable Foreign Subsidiary to promptly use commercially reasonable efforts to take all actions reasonably required by the applicable local law to permit such repatriation) or (ii) the repatriation of such Net Proceeds would not have a material adverse tax cost consequence with respect to such Net Proceeds; provided that once the repatriation of any of such affected Net Proceeds is permitted under the applicable local law, the repatriation of such affected Net Proceeds would not have a material adverse tax cost consequence or

such Net Proceeds are repatriated at the option of Holdings and the Borrower, then an amount equal to such affected Net Proceeds will be promptly applied (net of additional taxes payable or reserved against as a result of the thereof) to the repayment of the Term Loans pursuant to Section 2.11(c), subject to the reinvestment rights set forth therein, which shall apply as if the date of repatriation of such Net Proceeds were the date of initial receipt thereof.

SECTION 2.12. Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender (other than any Defaulting Lender) a commitment fee which shall accrue at the rate of 0.375% per annum on the daily unused amount of the Revolving Commitment of such Lender during the period from and including the Effective Date to but excluding the date on which such Revolving Commitment terminates. Accrued commitment fees in respect of the Revolving Commitments shall be payable in arrears on the third Business Day following the last day of March, June, September and December of each year and on the date on which the Revolving Commitments terminate, commencing on the first such date to occur after the date hereof. All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of computing commitment fees in respect of the Revolving Commitments, a Revolving Commitment of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans and LC Exposure of such Lender (and the Swingline Exposure of such Lender shall be disregarded for such purpose).

(b) The Borrower agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender a participation fee with respect to its participations in Letters of Credit, which shall accrue at the Applicable Rate used to determine the interest rate applicable to Eurocurrency Revolving Loans on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure, and (ii) to each Issuing Bank a fronting fee, which shall accrue at the rate of 0.125% per annum (or at such rate as may be separately agreed upon between the Borrower and any such Issuing Bank) on the average daily amount of the LC Exposure attributable to Letters of Credit issued by such Issuing Bank (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date of termination of the Revolving Commitments and the date on which there ceases to be any such LC Exposure, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued through and including the last day of March, June, September and December of each year shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Effective Date; provided that all such fees shall be payable on the date on which the Revolving Commitments terminate and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to an Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

(c) The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent.

(d) All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to an Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Revolving Lenders entitled thereto. Fees paid shall not be refundable under any circumstances.

SECTION 2.13. Interest. (a) The Loans comprising each ABR Borrowing (including each Swingline Loan) shall bear interest at the Alternate Base Rate plus the Applicable Rate.

(b) The Loans comprising each Eurocurrency Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.

(c) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount (after giving effect to any applicable grace period under Section 7.01(b)) shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2.00% per annum plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other amount, 2.00% per annum plus the rate applicable to ABR Revolving Loans as provided in paragraph (a) of this Section.

(d) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and, in the case of a Revolving Loan, upon termination of the Revolving Commitments; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving Loan prior to the end of the Revolving Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of a Eurocurrency Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

(e) All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate or Adjusted LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

SECTION 2.14. Alternate Rate of Interest. If at least two (2) Business Days prior to the commencement of any Interest Period for a Eurocurrency Borrowing of any Class:

(a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate for such Interest Period; or

(b) the Administrative Agent is advised by a Majority in Interest of the Lenders of such Class that the Adjusted LIBO Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Eurocurrency Borrowing for such Interest Period;

then the Administrative Agent shall give notice (which may be telephonic) thereof to the Borrower and the Lenders of such Class as promptly as practicable and, until the Administrative Agent notifies the Borrower and the Lenders of such Class that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing of such Class to, or continuation of any Borrowing of such Class as, a Eurocurrency Borrowing shall be ineffective, and such Borrowing shall be continued as an ABR Borrowing, and (ii) any Borrowing Request for a Eurocurrency Borrowing of such Class shall be treated as a request for an ABR Borrowing; provided, however, that, in each case, the Borrower may revoke any Borrowing Request that is pending when such notice is received.

SECTION 2.15. Increased Costs. (a) If any Change in Law shall:

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender or Issuing Bank (except any such reserve requirement reflected in the Adjusted LIBO Rate);

(ii) impose on any Lender or Issuing Bank or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Eurocurrency Loans made by such Lender or any Letter of Credit or participation therein; or

(iii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto;

and the result of any of the foregoing shall be to increase the cost to such Lender or other Recipient of making or maintaining any Eurocurrency Loan (or of maintaining its obligation to make any such Loan), to increase the cost to such Lender, Issuing Bank or other Recipient of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or issue any Letter of Credit) or to reduce the amount of any sum received or receivable by such Lender, Issuing Bank or other Recipient hereunder (whether of principal, interest or otherwise), then, from time to time upon request of such Lender, Issuing Bank or other Recipient, the Borrower will pay to such Lender, Issuing Bank or other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender, Issuing Bank or other Recipient, as the case may be, for such additional costs or expenses incurred or reduction suffered.

(b) If any Lender or Issuing Bank determines that any Change in Law regarding capital or liquidity requirements has had or would have the effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s holding company, if any, as a consequence of this Agreement, the Commitments of or the Loans made by, or participations in Letters of Credit or Swingline Loans held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing Bank’s policies and the policies of such Lender’s or Issuing Bank’s holding company with respect to capital adequacy or liquidity), then, from time to time upon request of such Lender or Issuing Bank, the Borrower will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company for any such reduction suffered.

(c) A certificate of a Lender or Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or Issuing Bank or its holding company, in reasonable detail, as the case may be, as specified in paragraph (a) or (b) of this Section delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or Issuing Bank, as the case may be, the amount shown as due on any such certificate within 15 days after receipt thereof.

(d) Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or Issuing Bank pursuant to this Section for any increased costs or expenses incurred or reductions suffered more than 180 days prior to the date that such Lender or Issuing Bank, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or expenses or reductions and of such Lender’s or Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or expenses or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.

Notwithstanding the foregoing, no Lender shall claim any compensation pursuant to this Section 2.15 unless such claim for compensation is generally consistent with such Lender’s treatment of other borrowers of such Lender in the U.S. leveraged loan market with respect to similarly affected commitments, loans and/or participations under agreements with such borrowers having provisions similar to this Section 2.15; provided that such Lender shall not be required to disclose any confidential or proprietary information relating to such other borrowers, and this Section 2.15 shall not be construed to require any Lender to make available its tax return (or other information relating to its taxes which it deems confidential) to the Borrower or any other Person.

SECTION 2.16. Break Funding Payments. In the event of (a) the payment of any principal of any Eurocurrency Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert or continue any Eurocurrency Loan on the date specified in any notice delivered pursuant hereto, (d) the failure to prepay any Eurocurrency Loan on a date specified therefor in any notice of prepayment given by the Borrower (whether or not such notice may be revoked in accordance with the terms hereof) or (e) the assignment of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.19 or pursuant to Section 2.21(e), then, in any such event, the Borrower shall, after receipt of a written request by any Lender affected by any such event (which request shall set forth in reasonable detail the basis for requesting such amount), compensate such Lender for the loss, cost and expense attributable to such event. Such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest that would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to such Loan (but not including the Applicable Rate applicable thereto), for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest that would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and period from other banks in the London interbank market. The Borrower shall also compensate each Term Lender for the loss, cost and expense attributable to any failure by the Borrower to deliver a timely Interest Election Request with respect to a Eurocurrency Term Loan. A certificate of any Lender delivered to the Borrower and setting forth any amount or amounts (including calculations in reasonable detail) that such Lender is entitled to receive pursuant to this Section shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 15 days after receipt thereof. Notwithstanding the foregoing, no Lender shall claim any compensation pursuant to this Section 2.16 unless such claim for compensation is generally consistent with such Lender’s treatment of other borrowers of such Lender in the U.S. leveraged loan market with respect to similarly affected commitments, loans and/or participations under agreements with such borrowers having provisions similar to this Section 2.16; provided that such Lender shall not be required to disclose any confidential or proprietary information relating to such other borrowers, and this Section 2.16 shall not be construed to require any Lender to make available its tax return (or other information relating to its taxes which it deems confidential) to the Borrower or any other Person.

SECTION 2.17. Taxes. (a) Withholding of Taxes; Gross-Up. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section 2.17) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made.

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

(c) Evidence of Payments. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to this Section 2.17, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

(d) Indemnification by the Loan Parties. The Loan Parties shall jointly and severally indemnify each Recipient, within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) paid by such Recipient or due and payable by such Recipient (provided that such Recipient shall actually pay such amount to a Governmental Authority or shall return such amount to the Loan Party making such payment) and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount (and describing the basis) of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

(e) Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so). Each Lender shall severally

indemnify the Administrative Agent and the Loan Parties, within 10 days after demand therefor for (i) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.04(c) relating to the maintenance of a Participant Register and (ii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent or any Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent or any Loan Party, as the case may be, shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent and the Loan Parties to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (e).

(f) Status of Lenders. (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to any withholding (including backup withholding) or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.17(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

(ii) Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person:

(A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt from U.S. Federal backup withholding tax;

(B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable:

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

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

(3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN; or

(4) to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit 11-2 or Exhibit H-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit 11-4 on behalf of each such direct and indirect partner;

(C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of any

other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. Federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. Federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall promptly (and in any event within 30 days after expiration, obsolescence or inaccuracy) update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so.

(g) Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.17 (including by the payment of additional amounts pursuant to this Section 2.17), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section 2.17 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (g) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (g), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (g) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been

deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person.

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

(i) Defined Terms. For purposes of this Section 2.17, the term “Lender” includes any Issuing Bank and the term “applicable law” includes FATCA.

SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Setoffs. (a) The Borrower shall make each payment required to be made by it hereunder or under any other Loan Document prior to the time expressly required hereunder or under such other Loan Document for such payment (or, if no such time is expressly required, prior to 2:00 p.m., New York City time), on the date when due, in immediately available funds, without any defense, setoff, recoupment or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to such account as may be specified by the Administrative Agent, except that payments required to be made directly to any Issuing Bank or the Swingline Lender shall be so made, payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made directly to the Persons entitled thereto and payments pursuant to other Loan Documents shall be made to the Persons specified therein. The Administrative Agent shall distribute any such payment received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment under any Loan Document shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments under each Loan Document shall be made in dollars.

(b) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied towards payment of the amounts then due hereunder ratably among the parties entitled thereto, in accordance with the amounts then due to such parties.

(c) Except to the extent that this Agreement provides for payments to be disproportionately allocated to or retained by a particular Lender or group of Lenders (including in connection with the payment of interest or fees at different rates and the repayment of principal amounts of Term Loans at different times as a result of Permitted Amendments effected under Section 2.22), each Lender agrees that if it shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of

any principal of, or interest on, any of its Loans or participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and participations in LC Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans and participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the amount of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amounts of principal of, and accrued interest on, their Loans and participations in LC Disbursements and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement (for the avoidance of doubt, as in effect from time to time), including the application of funds arising from the existence of a Defaulting Lender, or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements or Swingline Loans to any Person that is an Eligible Assignee (as such term is defined from time to time). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation.

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

(e) If any Lender shall fail to make any payment required to be made by it hereunder to or for the account of the Administrative Agent, any Issuing Bank or the Swingline Lender, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), (i) apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations in respect of such payment until all such unsatisfied obligations have been discharged or (ii) hold any such amounts in a segregated account as cash collateral for, and application to, any future funding obligations of such Lender pursuant to Sections 2.04(c), 2.05(d), 2.05(f), 2.06(a), 2.06(b), 2.18(c), 2.18(d) and 9.03(c), in each case in such order as shall be determined by the Administrative Agent in its discretion.

SECTION 2.19. Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests compensation under Section 2.15, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or to any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall (at the request of the Borrower) use commercially reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or its participation in any Letter of Credit affected by such event, or to assign and delegate its rights and obligations hereunder to another of its offices, branches or Affiliates if, in the judgment of such Lender, such designation or assignment and delegation (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense reasonably deemed by such Lender to be material and would not otherwise be disadvantageous in any material economic, legal or regulatory respect to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment and delegation.

(b) If (i) any Lender requests compensation under Section 2.15, (ii) the Borrower is required to pay Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, (iii) any Lender has become a Defaulting Lender or (iv) any Lender has failed to consent to a proposed amendment, waiver, discharge or termination that under Section 9.02 requires the consent of all the Lenders (or all the affected Lenders or all the Lenders of the affected Class) and with respect to which the Required Lenders (or, in circumstances where Section 9.02 does not require the consent of the Required Lenders, a Majority in Interest of the Lenders of the affected Class) shall have granted their consent, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights (other than its existing rights to payments pursuant to Sections 2.15 or 2.17) and obligations under this Agreement and the other Loan Documents (or, in the case of any such assignment and delegation resulting from a failure to provide a consent, all its interests, rights and obligations under this Agreement and the other Loan Documents as a Lender of a particular Class) to an Eligible Assignee that shall assume such obligations (which may be another Lender, if a Lender accepts such assignment and delegation); provided that (A) the Borrower shall have received the prior written consent of the Administrative Agent to the extent such consent would be required under Section 9.04(b) for an assignment of Loans or Commitments, as applicable (and, if a Revolving Commitment is being assigned, each Issuing Bank and the Swingline Lender), which consent shall not unreasonably be withheld or delayed, (B) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and, if applicable, unreimbursed participations in LC Disbursements and Swingline Loans, accrued and unpaid interest thereon, accrued and unpaid fees and all other amounts payable to it hereunder (if applicable, in each case only to the extent such amounts relate

to its interest as a Lender of a particular Class) from the assignee (in the case of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts), (C) in the case of any such assignment and delegation resulting from a claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments and (D) in the case of any such assignment and delegation resulting from the failure to provide a consent, the assignee shall have given such consent and, as a result of such assignment and delegation and any contemporaneous assignments and delegations and consents, the applicable amendment, waiver, discharge or termination can be effected. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver or consent by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation have ceased to apply. Each party hereto agrees that an assignment and delegation required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee and that the Lender required to make such assignment and delegation need not be a party thereto.

SECTION 2.20. Defaulting Lenders. (a) Defaulting Lender Adjustments. Notwithstanding any provision of this Agreement to the contrary, if any Revolving Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:

(i) Waivers and Amendments. The Aggregate Revolving Commitment and Revolving Exposure of such Defaulting Lender shall not be included in determining whether the Required Lenders have taken or may take any action hereunder or under any other Loan Document (including any consent to any amendment, waiver or other modification pursuant to Section 9.02); provided that any amendment, waiver or other modification requiring the consent of all Lenders or all Lenders affected thereby shall, except as otherwise provided in Section 9.02, require the consent of such Defaulting Lender in accordance with the terms hereof.

(ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 2.18(c) shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Bank or Swingline Lender hereunder; third, to cash collateralize the Issuing Banks’ Fronting Exposure with respect to such Defaulting Lender in accordance with the procedures set forth in Section 2.05(i); fourth, as the Borrower may request (so long as no Default

exists), to the funding of any Revolving Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Revolving Loans under this Agreement and (y) cash collateralize the Issuing Banks’ future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with the procedures set forth in Section 2.05(i); sixth, to the payment of any amounts owing to the Lenders, the Issuing Banks or Swingline Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the Issuing Bank or Swingline Lenders against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Revolving Loans or LC Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Revolving Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Revolving Loans of, and LC Disbursements owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Revolving Loans of, or LC Disbursements owed to, such Defaulting Lender until such time as all Revolving Loans and funded and unfunded participations in Letters of Credit and Swingline Loans are held by the Lenders pro rata in accordance with the Commitments without giving effect to subparagraph (a)(iv) of this Section. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section shall be deemed paid to and redirected by such Defaulting Lender, and such Defaulting Lender irrevocably consents hereto.

(iii) Certain Fees. (A) No Defaulting Lender shall be entitled to receive any commitment fee under Section 2.12(a) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

(B) Each Defaulting Lender shall be entitled to receive participation fees under Section 2.12(b) in respect of its participations in Letters of Credit for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided cash collateral pursuant to Section 2.05(i).

(C) With respect to any participation fee in respect of Letters of Credit not required to be paid to any Defaulting Lender pursuant to clause (B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in Letters of Credit that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to each Issuing Bank and Swingline Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Bank’s or Swingline Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee.

(iv) Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in LC Exposure and Swingline Exposure shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth in Section 4.02 are satisfied at the time of such reallocation and (y) such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

(v) Cash Collateral, Repayment of Swingline Loans. If the reallocation described in clause (iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swingline Loans in an amount equal to the Swingline Lenders’ Fronting Exposure on account of such Defaulting Lender and (y) second, cash collateralize the Issuing Banks’ Fronting Exposure on account of such Defaulting Lender in accordance with the procedures set forth in Section 2.05(i).

(b) Defaulting Lender Cure. If the Borrower, the Administrative Agent, the Swingline Lender and Issuing Bank agree in writing that a Revolving Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any cash collateral), that Revolving Lender will, to the extent applicable, purchase at par that portion of outstanding Revolving Loans of the other Revolving Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Revolving Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held pro rata by the Revolving Lenders in accordance with the relative amounts of their Revolving Commitments (without giving effect to subparagraph (a)(iv) of this Section), whereupon such Revolving Lender will cease to be a Defaulting

Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Non-Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Revolving Lender’s having been a Defaulting Lender.

(c) New Swingline Loans/Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, the Swingline Lender shall not be required to fund any Swingline Loan and no Issuing Bank shall be required to issue, amend, extend, renew or increase any Letter of Credit, to the extent that the reallocation described in Section 2.20(a)(iv) cannot be effected or cash collateral has not been provided by the Borrower in accordance with Section 2.20(a)(v).

SECTION 2.21. Incremental Facilities. (a) The Borrower may on one or more occasions, by written notice to the Administrative Agent, request (i) during the Revolving Availability Period, the establishment of Incremental Revolving Commitments and/or (ii) the establishment of Incremental Term Commitments, provided that the aggregate amount of all the Incremental Commitments established hereunder shall not exceed (A) $50,000,000 and (B) such greater amount that will not result in the First Lien Secured Leverage Ratio, determined on a Pro Forma Basis giving effect to such Incremental Facility (assuming that all Revolving Commitments, including any Incremental Revolving Commitments, have been fully funded with Revolving Loans and excluding in the calculation of Available Domestic Cash and Available Foreign Cash for purposes of the First Lien Secured Leverage Ratio the cash proceeds of the Borrowings under any such Incremental Revolving Facility or Incremental Term Facility, but not excluding the use of such proceeds) exceeding 3.75 to 1.00. Each such notice shall specify (A) the date on which the Borrower proposes that the Incremental Revolving Commitments or the Incremental Term Commitments, as applicable, shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent) after the date on which such notice is delivered to the Administrative Agent and (B) the amount of the Incremental Revolving Commitments or Incremental Term Commitments, as applicable, being requested (it being agreed that (x) any Lender approached to provide any Incremental Revolving Commitment or Incremental Term Commitment may elect or decline, in its sole discretion, to provide such Incremental Revolving Commitment or Incremental Term Commitment and (y) any Person that the Borrower proposes to become an Incremental Lender, if such Person is not then a Lender, must be an Eligible Assignee and must be reasonably acceptable to the Administrative Agent and, in the case of any proposed Incremental Revolving Lender, each Issuing Bank and the Swingline Lender).

(b) The terms of any Incremental Revolving Commitments and Revolving Loans and other extensions of credit to be made thereunder shall be, except as otherwise set forth herein, identical to those of the Revolving Commitments and Revolving Loans and other extensions of credit made thereunder, and shall be treated as a single Class with such Revolving Commitments and Revolving Loans; provided that (i) the maturity date of any Incremental Revolving Commitments shall be no sooner than,

but may be later than, the Revolving Maturity Date, (ii) there shall be no mandatory reduction of any Incremental Revolving Commitments prior to the Revolving Maturity Date and (iii) any upfront fees applicable to any Incremental Revolving Facility and Incremental Revolving Commitments and Incremental Revolving Loans shall be as determined by the Borrower and the Incremental Revolving Lenders providing such Incremental Facility. The terms of any Incremental Term Facility and the Incremental Term Loans to be made thereunder shall be, except as otherwise set forth herein or in the applicable Incremental Facility Agreement, identical to those of the Term Commitments and the Term Loans; provided that (i) if the all-in yield as determined by the Administrative Agent in accordance with customary market practice (whether in the form of interest rate margins, LIBOR floor, ABR floor or original issue discount or upfront fees payable to all Lenders providing such Incremental Term Loans (with such upfront or similar fees or original issue discount being equated to interest based on an assumed four-year life to maturity) but not structuring, arrangement or similar fees paid to the arrangers for such Indebtedness) relating to any Incremental Term Loans exceeds by more than 0.50% per annum the all-in yield as determined by the Administrative Agent in accordance with customary market practice (calculated in the same manner as above) relating to the Term Loans, then the Applicable Rate then in effect for the Term Loans shall automatically be adjusted such that the all-in yield relating to the Term Loans is equal to the all-in yield relating to the Incremental Term Loans minus 0.50%, (ii) the upfront fees, interest rates and amortization schedule applicable to any Incremental Term Facility and Incremental Term Loans shall be determined by the Borrower and the Incremental Term Lenders providing the relevant Incremental Term Commitments, (iii) the weighted average life to maturity of any Incremental Term Loans shall be no shorter than the remaining weighted average life to maturity of the Terms Loans and (iv) no Incremental Term Loan Maturity Date shall be earlier than the Term Maturity Date. Any Incremental Term Facilities established pursuant to an Incremental Facility Agreement that have identical terms and conditions, and any Incremental Term Loans made thereunder, shall be designated as a separate series (each a “Series”) of Incremental Term Commitments and Incremental Term Loans for all purposes of this Agreement. Notwithstanding anything to the contrary herein, each Incremental Facility and all extensions of credit thereunder shall be secured by the Collateral on a pan passu basis with the other Loan Document Obligations.

(c) The Incremental Commitments and Incremental Facilities relating thereto shall be effected pursuant to one or more Incremental Facility Agreements executed and delivered by Holdings, the Borrower, each Incremental Lender providing such Incremental Commitments and Incremental Facilities and the Administrative Agent; provided that no Incremental Commitments shall become effective unless (i) no Default or Event of Default shall have occurred and be continuing on the date of effectiveness thereof, both immediately prior to and immediately after giving effect to such Incremental Commitments and the making of Loans and issuance of Letters of Credit thereunder to be made on such date (provided that this clause (i) shall not apply to the extent agreed by the Incremental Lenders if the proceeds of Loans made pursuant to the relevant Incremental Facility are being used to finance an acquisition), (ii) on the date of effectiveness thereof, the representations and warranties of each Loan Party set forth in

the Loan Documents shall be true and correct, in all material respects, in each case on and as of such date, except in the case of any such representation and warranty that expressly relates to a prior date, in which case such representation and warranty shall be so true and correct in all material respects on and as of such prior date (provided that, to the extent agreed by the Incremental Lenders, the representations and warranties referred to in this clause (ii) may be limited in a manner customary for limited conditionality acquisition financings if the proceeds of Loans made pursuant to the relevant Incremental Facility are being used to finance an acquisition), (iii) after giving effect to such Incremental Commitments and the making of Loans pursuant thereto (and based on the assumption that the full amount of the Aggregate Revolving Commitment, including any Incremental Revolving Commitments, has been funded with Revolving Loans and excluding in the calculation of Available Domestic Cash and Available Foreign Cash for purposes of the covenant calculations the cash proceeds of the Borrowing under any such Incremental Revolving Facility or Incremental Term Facility but not excluding the use of such proceeds), Holdings and the Borrower shall be in compliance on a Pro Forma Basis with the covenants contained in Sections 6.12 and 6.13, (iv) the Borrower shall make any payments required to be made pursuant to Section 2.16 in connection with such Incremental Commitments and the related transactions under this Section and (v) Holdings and the Borrower shall have delivered to the Administrative Agent such legal opinions, board resolutions, secretary’s certificates, officer’s certificates and other documents as shall reasonably be requested by the Administrative Agent in connection with any such transaction, including a certificate of a Financial Officer to the effect set forth in clauses (i), (ii) and (iii) above, together with reasonably detailed calculations demonstrating compliance with clause (iii) above. Each Incremental Facility Agreement may, without the consent of any Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to give effect to the provisions of this Section.

(d) Upon the effectiveness of an Incremental Commitment of any Incremental Lender, (i) such Incremental Lender shall be deemed to be a “Lender” (and a Lender in respect of Commitments and Loans of the applicable Class) hereunder, and henceforth shall be entitled to all the rights of, and benefits accruing to, Lenders (or Lenders in respect of Commitments and Loans of the applicable Class) hereunder and shall be bound by all agreements, acknowledgements and other obligations of Lenders (or Lenders in respect of Commitments and Loans of the applicable Class) hereunder and under the other Loan Documents, and (ii) in the case of any Incremental Revolving Commitment, (A) such Incremental Revolving Commitment shall constitute (or, in the event such Incremental Lender already has a Revolving Commitment, shall increase) the Revolving Commitment of such Incremental Lender and (B) the Aggregate Revolving Commitment shall be increased by the amount of such Incremental Revolving Commitment, in each case, subject to further increase or reduction from time to time as set forth in the definition of the term “Revolving Commitment”. For the avoidance of doubt, upon the effectiveness of any Incremental Revolving Commitment, the Revolving Exposure of the Incremental Revolving Lender holding such Commitment, and the Applicable Percentage of all the Revolving Lenders, shall automatically be adjusted to give effect thereto.

(e) On the date of effectiveness of any Incremental Revolving Commitments, each Revolving Lender shall assign to each Incremental Revolving Lender holding such Incremental Revolving Commitment, and each such Incremental Revolving Lender shall purchase from each Revolving Lender, at the principal amount thereof (together with accrued interest), such interests in the Revolving Loans and participations in Letters of Credit outstanding on such date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Loans and participations in Letters of Credit will be held by all the Revolving Lenders (including such Incremental Revolving Lenders) ratably in accordance with their Applicable Percentages after giving effect to the effectiveness of such Incremental Revolving Commitment.

(f) Subject to the terms and conditions set forth herein and in the applicable Incremental Facility Agreement, each Lender holding an Incremental Term Commitment of any Series shall make a loan to the Borrower in an amount equal to such Incremental Term Commitment on the date specified in such Incremental Facility Agreement.

(g) The Administrative Agent shall notify the Lenders promptly upon receipt by the Administrative Agent of any notice from the Borrower referred to in Section 2.21(a) and of the effectiveness of any Incremental Commitments, in each case advising the Lenders of the details thereof and, in the case of effectiveness of any Incremental Revolving Commitments, of the Applicable Percentages of the Revolving Lenders after giving effect thereto and of the assignments required to be made pursuant to Section 2.21(e).

(h) This Section 2.21 shall supersede any provisions in Section 2.18 or Section 9.02 to the contrary.

SECTION 2.22. Loan Modification Offers. (a) The Borrower may on one or more occasions, by written notice to the Administrative Agent, make one or more offers (each, a “Loan Modification Offer”) to all (and not fewer than all) the Lenders of one or more Classes (each Class subject to such an Loan Modification Offer, an “Affected Class”) to make one or more Permitted Amendments pursuant to procedures reasonably specified by the Administrative Agent and reasonably acceptable to the Borrower. Such notice shall set forth (i) the terms and conditions of the requested Loan Modification Offer and (ii) the date on which such Loan Modification Offer is requested to become effective (which shall not be less than ten Business Days nor more than 30 Business Days after the date of such notice, unless otherwise agreed to by the Administrative Agent). Permitted Amendments shall become effective only with respect to the Loans and Commitments of the Lenders of the Affected Class that accept the applicable Loan Modification Offer (such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with respect to such Lender’s Loans and Commitments of such Affected Class as to which such Lender’s acceptance has been made. With respect to all Permitted Amendments consummated by the Borrower pursuant to this Section 2.22, (i) such Permitted Amendments shall not constitute voluntary or mandatory payments or prepayments for purposes of Section 2.11 and (ii)

any Loan Modification Offer, unless contemplating a Maturity Date already in effect hereunder pursuant to a previously consummated Permitted Amendment, must be in a minimum amount of $25,000,000, provided that the Borrower may at its election specify as a condition (a “Minimum Extension Condition”) to consummating any such Permitted Amendment that a minimum amount (to be determined and specified in the relevant Loan Modification Offer in the Borrower’s sole discretion and which may be waived by the Borrower) of Commitments or Loans of any or all Affected Classes be extended. If the aggregate principal amount of Commitments or Loans of any Affected Class in respect of which Lenders shall have accepted the relevant Loan Modification Offer shall exceed the maximum aggregate principal amount of Commitments or Loans of such Affected Class offered to be extended by the Borrower pursuant to such Loan Modification Offer, then the Commitments and Loans of such Lenders shall be extended ratably up to such maximum amount based on the relative principal amounts (but not to exceed actual holdings of record) with respect to which such Lenders have accepted such Loan Modification Offer.

(b) A Permitted Amendment shall be effected pursuant to a Loan Modification Agreement executed and delivered by Holdings, the Borrower, each Accepting Lender and the Administrative Agent; provided that no Permitted Amendment shall become effective unless (i) no Default shall have occurred and be continuing on the date of effectiveness thereof, (ii) on the date of effectiveness thereof, the representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects, in each case on and as of such date, except in the case of any such representation and warranty that specifically relates to an earlier date, in which case such representation and warranty shall be so true and correct in all material respects on and as of such earlier date, (iii) Holdings and the Borrower shall have delivered, or agreed to deliver by a date following the effectiveness of such Permitted Amendment reasonably acceptable to the Administrative Agent, to the Administrative Agent such legal opinions, board resolutions, secretary’s certificates, officer’s certificates and other documents (including reaffirmation agreements, supplements and/or amendments to Mortgages or other Security Documents, in each case to the extent applicable) as shall reasonably be requested by the Administrative Agent in connection therewith and (iv) any applicable Minimum Extension Condition shall be satisfied (unless waived by the Borrower). The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Loan Modification Agreement. Each Loan Modification Agreement may, without the consent of any Lender other than the applicable Accepting Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to give effect to the provisions of this Section, including any amendments necessary to treat the applicable Loans and/or Commitments of the Accepting Lenders as a new Class of loans and/or commitments hereunder (and the Lenders hereby irrevocably authorize the Administrative Agent to enter into any such amendments); provided that (i) all Borrowings, all prepayments of Loans and all reductions of Commitments shall continue to be made on a ratable basis among all Lenders, based on the relative amounts of their Commitments (i.e., both extended and non-extended), until the repayment of the Loans attributable to the non-extended Commitments (and the termination of the non-extended

Commitments) on the relevant Maturity Date, (ii) the allocation of the participation exposure with respect to any then-existing or subsequently issued or made Letter of Credit or Swingline Loan as between any Revolving Commitments of such new “Class” and the remaining Commitments shall be made on a ratable basis in accordance with the relative amounts thereof until the Maturity Date relating to the non-extended Revolving Commitments has occurred (it being understood, however, that no reallocation of such exposure to extended Revolving Commitments shall occur on such Maturity Date if (1) any Default under clause (a), (b), (i) or (j) of Section 7.01 exists at the time of such reallocation or (2) such reallocation would cause the Revolving Credit Exposure of any Lender with a Revolving Commitment to exceed its Revolving Commitment), (iii) the Revolving Availability Period and the Revolving Maturity Date, as such terms are used with reference to Letters of Credit or Swingline Loans, may not be extended without the prior written consent of each Issuing Bank and the Swingline Lender, as applicable, and (iv) at no time shall there be more than three Classes of Revolving Commitments hereunder, unless otherwise agreed by the Administrative Agent. If the Aggregate Revolving Exposure exceeds the Aggregate Revolving Commitment as a result of the occurrence of the Revolving Maturity Date with respect to any Class of Revolving Commitments when an extended Class of Revolving Commitments remains outstanding, the Borrower shall make such payments and provide such cash collateral as may be required by Section 2.10(b) to eliminate such excess on such Revolving Maturity Date. The Administrative Agent and the Lenders hereby acknowledge that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement are not intended to apply to the transactions effected pursuant to this Section 2.22. This Section 2.22 shall supersede any provisions in Section 2.18 or Section 9.02 to the contrary.

SECTION 2.23. Loan Repurchases. (a)Subject to the terms and conditions set forth or referred to below, any Purchasing Borrower Party may from time to time, in its discretion, conduct modified Dutch auctions to make Auction Purchase Offers, each such Auction Purchase Offer to be managed exclusively by X.X. Xxxxxx Securities LLC or another investment bank of recognized standing selected by such Purchasing Borrower Party following consultation with the Administrative Agent (in such capacity, the “Auction Manager”), so long as the following conditions are satisfied:

(i) each Auction Purchase Offer shall be conducted in accordance with the procedures, terms and conditions set forth in this Section 2.23 and the Auction Procedures;

(ii) no Default or Event of Default shall have occurred and be continuing on the date of the delivery of each Auction Notice and at the time of purchase of any Term Loans in connection with any Auction Purchase Offer;

(iii) the maximum principal amount (calculated on the face amount thereof) of Term Loans that such Purchasing Borrower Party offers to purchase in any such Auction Purchase Offer shall be no less than $10,000,000 (unless another amount is agreed to by the Administrative Agent);

(iv) no Term Loan may be purchased by a Purchasing Borrower Party pursuant to this Section 2.23 unless Available Liquidity, calculated on a Pro Forma Basis, shall be at least $5,000,000;

(v) the aggregate principal amount (calculated on the face amount thereof) of all Term Loans of the applicable Class or Classes so purchased by any Purchasing Borrower Party shall automatically be cancelled and retired by the Borrower on the settlement date of the relevant purchase (and may not be resold);

(vi) if the Term Loans are rated by S&P and/or Xxxxx’x at the time of any Auction Purchase Offer, prior to commencing such Auction Purchase Offer, the Borrower shall have discussed such proposed Auction Purchase Offer with each (or both, as applicable) of S&P and Xxxxx’x and, based upon such discussions, shall reasonably believe that the proposed purchase of Term Loans through such Auction Purchase Offer shall not be deemed to be a “distressed exchange”;

(vii) if the Term Loans are rated by S&P and/or Xxxxx’x at the time of any Auction Purchase Offer, at the time of each purchase of Term Loans pursuant to such Auction Purchase Offer, neither S&P nor Xxxxx’x shall have announced or communicated to the Borrower that the proposed purchase of Term Loans through such Auction Purchase Offer shall be deemed to be a “distressed exchange”;

(viii) no more than one Auction Purchase Offer with respect to any Class may be ongoing at any one time and no more than four Auction Purchase Offers (regardless of Class) may be made in any one year;

(ix) such Purchasing Borrower Party represents and warrants at the time of any Auction Purchase Offer that no Loan Party shall have any MNPI that (A) has not been previously disclosed in writing to the Administrative Agent and the Lenders (other than because such Lender does not wish to receive such MNPI) prior to such time and (B) could reasonably be expected to have a material effect upon, or otherwise be material to, a Lender’s decision to participate in the Auction Purchase Offer;

(x) at the time of each purchase of Term Loans through an Auction Purchase Offer, the Borrower shall have delivered to the Auction Manager an officer’s certificate of a Financial Officer certifying as to compliance with preceding clauses (ii), (iv), (vi), (vii) and (ix); and

(xi) no Purchasing Borrower Party may use the proceeds, direct or indirect, from Revolving Loans to purchase any Term Loans.

(b) Any Purchasing Borrower Party must terminate any Auction Purchase Offer if it fails to satisfy one or more of the conditions set forth above which are required to be met at the time which otherwise would have been the time of purchase of Term Loans pursuant to such Auction Purchase Offer. If any Purchasing Borrower Party commences any Auction Purchase Offer (and all relevant requirements set forth above which are required to be satisfied at the time of the commencement of such Auction Purchase Offer have in fact been satisfied), and if at such time of commencement the Borrower and such Purchasing Borrower Party reasonably believes that all required conditions set forth above which are required to be satisfied at the time of the consummation of such Auction Purchase Offer shall be satisfied, then the Borrower and such Purchasing Borrower Party shall have no liability to any Lender for any termination of such Auction Purchase Offer as a result of the failure to satisfy one or more of the conditions set forth above which are required to be met at the time which otherwise would have been the time of consummation of such Auction Purchase Offer, and any such failure shall not result in any Default or Event of Default hereunder. With respect to all purchases of Term Loans of any Class or Classes made by any Purchasing Borrower Party pursuant to this Section 2.23, (x) such Purchasing Borrower Party shall pay on the settlement date of each such purchase all accrued and unpaid interest (except to the extent otherwise set forth in the relevant offering documents), if any, on the purchased Term Loans of the applicable Class or Classes up to the settlement date of such purchase and (y) such purchases (and the payments made by such Purchasing Borrower Party and the cancellation of the purchased Loans) shall not constitute voluntary or mandatory payments or prepayments for purposes of Section 2.11 or any other provision hereof.

(c) The Administrative Agent and the Lenders hereby consent to the Auction Purchase Offers and the other transactions effected pursuant to and in accordance with the terms of this Section 2.23 (provided that no Lender shall have an obligation to participate in any such Auction Purchase Offer). For the avoidance of doubt, it is understood and agreed that the provisions of Section 2.18 and Section 9.04 will not apply to the purchases of Term Loans pursuant to Auction Purchase Offers made pursuant to and in accordance with the provisions of this Section 2.23. The Auction Manager acting in its capacity as such hereunder shall be entitled to the benefits of the provisions of Article VIII and Article IX to the same extent as if each reference therein to the “Administrative Agent” were a reference to the Auction Manager, and the Administrative Agent shall cooperate with the Auction Manager as reasonably requested by the Auction Manager in order to enable it to perform its responsibilities and duties in connection with each Auction Purchase Offer.

ARTICLE III

Representations and Warranties

Each of Holdings and the Borrower represents and warrants to the Lenders on the Effective Date and on each other date on which representations and warranties are made or deemed made hereunder that:

SECTION 3.01. Organization; Powers. Holdings, the Borrower and each Subsidiary (i) is duly organized, validly existing and (to the extent the concept is applicable in such jurisdiction) in good standing under the laws of the jurisdiction of its organization, (ii) has all power and authority and all Governmental Approvals required

for the ownership and operation of its properties and the conduct of its business as now conducted and as proposed to be conducted and (iii) is qualified to do business, and is in good standing, in every jurisdiction where such qualification is required, except, in the case of clauses (i) (insofar as it relates to any Subsidiary other than the Borrower), (ii) and (iii), where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

SECTION 3.02. Authorization; Enforceability. The Transactions to be entered into by each Loan Party are within such Loan Party’s corporate or other organizational powers and have been duly authorized by all necessary corporate or other organizational and, if required, stockholder or other equityholder action of each Loan Party. This Agreement has been duly executed and delivered by each of Holdings and the Borrower and constitutes, and each other Loan Document to which any Loan Party is to be a party, when executed and delivered by such Loan Party, will constitute, a legal, valid and binding obligation of Holdings, the Borrower or such Loan Party, as the case may be, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

SECTION 3.03. Governmental Approvals; Absence of Conflicts. The Transactions (a) do not require any consent or approval of, registration or filing with or any other action by any Governmental Authority, except (i) such as have been or substantially contemporaneously with the initial funding of Loans on the Effective Date will be obtained or made and are (or will so be) in full force and effect and (ii) filings necessary to perfect Liens created under the Loan Documents, (b) will not violate any applicable law, including any order of any Governmental Authority, (c) will not violate the charter, by-laws or other organizational documents of Holdings, the Borrower or any Subsidiary, (d) will not violate or result (alone or with notice or lapse of time, or both) in a default under any indenture or other agreement or instrument binding upon Holdings, the Borrower or any Subsidiary or any of their assets, or give rise to a right thereunder to require any payment, repurchase or redemption to be made by Holdings, the Borrower or any Subsidiary, or give rise to a right of, or result in, any termination, cancellation, acceleration or right of renegotiation of any obligation thereunder, and (e) except for Liens created under the Loan Documents or other Liens permitted under Section 6.02, will not result in the creation or imposition of any Lien on any asset of the Borrower or any Subsidiary, except, in the case of clauses (a), (b) and (d), to the extent any of the foregoing in such clauses, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

SECTION 3.04. Financial Condition; No Material Adverse Change. (a) Holdings has heretofore furnished to the Administrative Agent (i) the consolidated balance sheet of Holdings as of December 31, 2011, and the related consolidated statements of income, stockholders’ equity and cash flows of Holdings for the fiscal year ended December 31, 2011, audited by and accompanied by the opinion of PricewaterhouseCoopers LLP, independent registered public accounting firm, and (ii) the unaudited consolidated balance sheet of Holdings as at the end of, and related

consolidated statements of income, stockholders’ equity and cash flows of Holdings for, the fiscal quarter and the portion of the fiscal year ended September 30, 2012 (and comparable periods for the prior fiscal year), certified by its senior vice president, business operations and finance. Such financial statements present fairly, in all material respects, the financial position, results of operations and cash flows of Holdings and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to normal year-end audit adjustments and the absence of certain footnotes in the case of the statements referred to in clause (ii) above.

(b) Holdings has heretofore furnished to the Administrative Agent a pro forma consolidated balance sheet of Holdings and the Subsidiaries as of September 30, 2012, prepared giving effect to the Transactions as if the Transactions had occurred on such date (the “Pro Forma Financial Statements”). The Pro Forma Financial Statements (i) have been prepared by Holdings in good faith, based on the assumptions used to prepare the pro forma consolidated financial statements included in the Confidential Information Memorandum (which assumptions are believed by Holdings on the date hereof to be reasonable) and (ii) present fairly, in all material respects, the pro forma financial position of Holdings and its consolidated Subsidiaries as of such date as if the Transactions had occurred on such date.

(c) Except as disclosed in the financial statements referred to above or the notes thereto or in the Confidential Information Memorandum, after giving effect to the Transactions, none of Holdings, the Borrower or any other Subsidiary has, as of the Effective Date, any material contingent liabilities, unusual long-term commitments or material unrealized losses (other than the Obligations).

(d) Since December 31, 2011, there has been no event or condition that has resulted, or could reasonably be expected to result, in a material adverse change in the business, assets, operations, liabilities or financial condition of Holdings, the Borrower and the other Subsidiaries, taken as a whole.

SECTION 3.05. Properties. (a) Holdings, the Borrower and each other Subsidiary has good title to, or valid leasehold interests in, all its property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.

(b) Holdings, the Borrower and each other Subsidiary owns, or is licensed to use, all patents, trademarks, copyrights, licenses, technology, software, domain names, confidential proprietary databases and other Intellectual Property that is necessary for the conduct of its business as currently conducted, and proposed to be conducted, and without conflict with the rights of any other Person, except to the extent any such conflict, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No patents, trademarks, copyrights, licenses, technology, software, domain names, or other Intellectual Property used by Holdings, the Borrower or any other Subsidiary in the operation of its business infringes upon the rights of any other Person, except for any such infringements that, individually or in the

aggregate, could not reasonably be expected to result in a Material Adverse Effect. No claim or litigation regarding any patents, trademarks, copyrights, licenses, technology, software, Domain Names, confidential proprietary databases or other Intellectual Property owned or used by Holdings, the Borrower or any other Subsidiary is pending or, to the knowledge of Holdings, the Borrower or any other Subsidiary, threatened in writing against Holdings, the Borrower or any other Subsidiary that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. As of the Effective Date, each patent, trademark, copyright, license, technology, software, Domain Name, or other Intellectual Property that, individually or in the aggregate, is material to the business of Holdings, the Borrower and the other Subsidiaries is owned or licensed, as the case may be, by Holdings, the Borrower, a Designated Subsidiary or a Foreign Subsidiary.

(c) Set forth on Schedule 3.05(c) hereto is a complete list of all Websites and Domain Names owned by the Loan Parties as of the Effective Date and all Websites and Domain Names the Loan Parties have the right to operate, manage or control pursuant to a license from another Person, in each case as of the Effective Date and other than Websites and Domain Names that are immaterial to the business of Holdings and its Subsidiaries. The Loan Parties own and have good title, or possess the legal right to use, to all Websites and Domain Names set forth on Schedule 3.05(c) and the use thereof by the Loan Parties does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. The Domain Names of the Loan Parties have been maintained and renewed in accordance in all material respects with all applicable laws and all applicable rules and procedures of each domain name authority and ICANN. The Loan Parties have taken commercially reasonable steps to protect their rights and interests in and to their Websites and Domain Names. To the knowledge of the Loan Parties, no person has gained unauthorized access to any Website or data stored thereon (including any customer data), which could reasonably be expected to have a Material Adverse Effect. The Websites and Loan Parties’ Proprietary Software are free of all “viruses”, “worms”, “Trojan horses”, “time bombs”, “back doors”, and other infections or harmful routines intentionally inserted to disrupt, disable, harm, distort or otherwise impede the legitimate operation of such Websites or software, or any other associated software, firmware, hardware, computer system or network, except to the extent any of the foregoing could reasonably be expected to have a Material Adverse Effect.

(d) Schedule 3.05(d) sets forth the address of each real property (if any) that constitutes a Mortgaged Property as of the Effective Date and the proper jurisdiction for filing of Mortgages in respect thereof.

SECTION 3.06. Litigation and Environmental Matters. (a) Except as set forth on Schedule 3.06, there are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of Holdings, the Borrower or any other Subsidiary, threatened in writing against or affecting Holdings, the Borrower or any Subsidiary that (i) could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (ii) involve any of the Loan Documents.

(b) Except with respect to any matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, none of Holdings, the Borrower or any other Subsidiary (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any Environmental Liability.

SECTION 3.07. Compliance with Laws and Agreements. Holdings, the Borrower and each other Subsidiary is in compliance with all laws, including all orders of Governmental Authorities, applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except, in each case, where the failure to comply, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing.

SECTION 3.08. Investment Company Status. None of Holdings, the Borrower or any other Subsidiary is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940.

SECTION 3.09. Taxes. Holdings, the Borrower and each Subsidiary has timely filed or caused to be filed all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except where (a) (i) the validity or amount thereof is being contested in good faith by appropriate proceedings, (ii) Holdings, the Borrower or such Subsidiary, as applicable, has set aside on its books reserves with respect thereto to the extent required by GAAP and (iii) such contest effectively suspends collection of the contested obligation and the enforcement of any Lien securing such obligation or (b) the failure to do so could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

SECTION 3.10. ERISA; Labor Matters. (a) No ERISA Events have occurred or are reasonably expected to occur that could, in the aggregate, reasonably be expected to result in a Material Adverse Effect. Except as could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i) each Plan is in compliance with the applicable provisions of ERISA, the Code and other Federal or state Laws, (ii) no Plan has an “accumulated funding deficiency” (as defined in Section 412 of the Code), whether or not waived, (iii) neither the Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title W of ERISA with respect to any Plan (other than premiums due and not delinquent under Section 4007 of ERISA), (iv) neither the Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan and (v) neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA.

(b) As of the Effective Date, there are no strikes, lockouts or slowdowns against Holdings, the Borrower or any Subsidiary pending or, to their knowledge, threatened. The hours worked by and payments made to employees of Holdings, the Borrower and the other Subsidiaries have not been in violation in any material respect of the Fair Labor Standards Act or any other applicable Federal, state, local or foreign law relating to such matters. All material payments due from Holdings, the Borrower or any other Subsidiary, or for which any claim may be made against Holdings, the Borrower or any other Subsidiary, on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as liabilities on the books of Holdings, the Borrower or such Subsidiary. The consummation of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement under which Holdings, the Borrower or any other Subsidiary is bound.

SECTION 3.11. Subsidiaries and Joint Ventures; Disqualified Equity Interests. (a) Schedule 3.11A sets forth, as of the Effective Date, the name and jurisdiction of organization of, and the percentage of each class of Equity Interests (other than warrants, options or other rights entitling the holder thereof to purchase or acquire such Equity Interests) owned by Holdings, the Borrower or any other Subsidiary in, (a) each Subsidiary and (b) each joint venture in which Holdings, the Borrower or any other Subsidiary owns any Equity Interests, and identifies each Designated Subsidiary and each Excluded Subsidiary as of the Effective Date. As of the Effective Date, each Domestic Subsidiary is a Loan Party. The Equity Interests in each Subsidiary have been duly authorized and validly issued and are fully paid and non-assessable (to the extent such concepts are applicable in the relevant jurisdiction). Except as set forth on Schedule 3.11A, as of the Effective Date, there is no existing option, warrant, call, right, commitment or other agreement to which Holdings, the Borrower or any other Domestic Subsidiary is a party requiring, and there are no Equity Interests in any Domestic Subsidiary outstanding that upon exercise, conversion or exchange would require, the issuance by any Domestic Subsidiary of any additional Equity Interests or other securities exercisable for, convertible into, exchangeable for or evidencing the right to subscribe for or purchase any Equity Interests in any Domestic Subsidiary.

(b) Schedule 3.11B sets forth, as of the Effective Date, (i) the percentage of each class of Equity Interests (other than warrants, options or other rights entitling the holder thereof to purchase or acquire such Equity Interests) in Holdings owned by each Major Stockholder and (ii) all outstanding Disqualified Equity Interests, if any, in Holdings or any Subsidiary, including the number and the record holder of such Disqualified Equity Interests.

SECTION 3.12. Insurance. Schedule 3.12 sets forth a description of all insurance maintained by or on behalf of Holdings, the Borrower and the Subsidiaries as of the Effective Date.

SECTION 3.13. Solvency. Immediately after the consummation of the Transactions to occur on the Effective Date, and giving effect to the rights of subrogation and contribution under the Collateral Agreement or otherwise, (a) the fair value of the assets of Holdings and the Subsidiaries, taken as a whole, will exceed their debts and liabilities, subordinated, contingent or otherwise, (b) the present fair saleable value of the assets of Holdings and the Subsidiaries, taken as a whole, will be greater than the amount that will be required to pay the probable liability on their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured, (c) Holdings and the Subsidiaries, taken as a whole, will be able to pay their debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured and (d) Holdings and the Subsidiaries, taken as a whole, will not have unreasonably small capital with which to conduct the business in which they are engaged, as such business is conducted at the time of and is proposed to be conducted following the Effective Date. For purposes of this Section 3.13, the amount of any contingent liability at any time shall be computed as the amount that would reasonably be expected to become an actual or matured liability.

SECTION 3.14. Disclosure. Neither the Confidential Information Memorandum nor any of the other written reports, financial statements, certificates or other information (other than any projected financial information and forecasts and other than information of a general economic or industry specific nature) furnished by or on behalf of Holdings, the Borrower or any other Subsidiary to the Administrative Agent, the Arrangers or any Lender in connection with the negotiation of this Agreement or any other Loan Document, included herein or therein or furnished hereunder or thereunder (in each case, as modified or supplemented by other information so furnished) when taken as a whole contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading. The projections and forecasts furnished by or on behalf of Holdings, the Borrower or any other Subsidiary to the Administrative Agent, the Arrangers or any Lender in connection with this Agreement or any other Loan Document have been prepared in good faith based upon assumptions believed by Holdings, the Borrower or such other Subsidiary, as applicable, to be reasonable at the time made and at the time the related projected financial information or forecasts are so furnished (it being understood that (i) such projections and forecasts are as to future events and are not to be viewed as facts, (ii) such projections and forecasts are subject to uncertainties and contingencies, many of which are beyond Holdings’, the Borrower’s or such other Subsidiary’s control, (iii) no assurance can be given that any particular projected financial information or forecasts will be realized and (iv) actual results during the period or periods covered by any such projections or forecasts may differ from the projected results and such differences may be material).

SECTION 3.15. Collateral Matters. (a) The Collateral Agreement, upon execution and delivery thereof by the parties thereto, will create in favor of the Administrative Agent, for the benefit of the Secured Parties, a valid and enforceable security interest in the Collateral (as defined therein) and (i) when the Collateral (as defined therein) constituting certificated securities (as defined in the Uniform Commercial Code) is delivered to the Administrative Agent, together with instruments of transfer duly endorsed in blank, the security interest created under the Collateral Agreement will constitute a fully perfected security interest in all right, title and interest of the pledgors thereunder in such Collateral, prior and superior in right to any other

Person (other than Permitted Encumbrances), and (ii) when financing statements in appropriate form are filed in the applicable filing offices, the security interest created under the Collateral Agreement will constitute a fully perfected security interest in all right, title and interest of the Loan Parties in the remaining Collateral (as defined therein) to the extent perfection can be obtained by filing Uniform Commercial Code financing statements, prior and superior to the rights of any other Person (other than Permitted Encumbrances).

(b) Each Mortgage, upon execution and delivery thereof by the parties thereto, will create in favor of the Administrative Agent, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all the applicable mortgagor’s right, title and interest in and to the Mortgaged Properties subject thereto and the proceeds thereof, and when the Mortgages have been filed in the jurisdictions specified therein, the Mortgages will constitute a fully perfected security interest in all right, title and interest of the mortgagors in the Mortgaged Properties and the proceeds thereof, prior and superior in right to any other Person, other than Permitted Encumbrances.

(c) Upon the recordation of the IP Security Agreements with the United States Patent and Trademark Office or the United States Copyright Office, as applicable, and the filing of the financing statements referred to in paragraph (a) of this Section, the security interest created under the Collateral Agreement will constitute a fully perfected security interest in all right, title and interest of the Loan Parties in the Intellectual Property (as defined in the Collateral Agreement) in which a security interest may be perfected by filing in the United States of America, in each case prior and superior in right to any other Person, other than Permitted Encumbrances (it being understood that subsequent recordings in the United States Patent and Trademark Office or the United States Copyright Office may be necessary to perfect a security interest in such Intellectual Property acquired by the Loan Parties after the Effective Date).

SECTION 3.16. Federal Reserve Regulations. None of Holdings, the Borrower or any other Subsidiary is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors), or extending credit for the purpose of purchasing or carrying margin stock. No part of the proceeds of the Loans will be used, directly or indirectly, for any purpose that entails a violation (including on the part of any Lender) of any of the regulations of the Board of Governors, including Regulations U and X.

SECTION 3.17. Anti-Terrorism Laws. (a) No Loan Party (i) is a person whose property or interest in property is blocked or subject to blocking pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), (ii) engages in any dealings or transactions prohibited by Section 2 of such executive order, or is otherwise associated with any such person in any manner violative in any material respect of Section 2, or (iii) is a person on the list of Specially Designated Nationals and Blocked Persons or subject to the limitations or prohibitions under any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation or executive order.

(b) Each Loan Party is in compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (ii) the Uniting And Strengthening America By Providing Appropriate Tools Required To Intercept And Obstruct Terrorism (USA Patriot Act of 2001). No part of the proceeds of the Loans will be used to make any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended.

ARTICLE IV

Conditions

SECTION 4.01. Effective Date. The obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions shall be satisfied (or waived in accordance with Section 9.02):

(a) The Administrative Agent shall have received from each party hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) evidence satisfactory to the Administrative Agent (which may include a facsimile transmission or other electronic transmission of a signed counterpart of this Agreement) that such party has signed a counterpart of this Agreement.

(b) The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent, the Lenders and the Issuing Banks and dated the Effective Date) of each of (i) Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP, special counsel for the Loan Parties, and (ii) Xxxxx Stagnetto Xxxxx, special Gibraltar counsel for the Borrower and SurveyMonkey International Limited, in each case in customary form and substance reasonably satisfactory to the Administrative Agent.

(c) The Administrative Agent shall have received a copy of (i) each organizational document of each Loan Party certified, to the extent applicable, as of a recent date by the applicable Governmental Authority, (ii) signature and incumbency certificates of the officers of each Loan Party executing the Loan Documents to which it is a party, (iii) resolutions of the board of directors (or equivalent body or sole member, as applicable) of each Loan Party approving and authorizing the execution, delivery and performance of Loan Documents to which it is a party, certified as of the Effective Date by its secretary or an assistant secretary as being in full force and effect, and (iv) a good standing certificate from the applicable Governmental Authority of each Loan Party’s jurisdiction of incorporation, organization or formation.

(d) The Administrative Agent shall have received a certificate, dated the Effective Date and signed by the chief executive officer or the senior vice president, business operations and finance, of each of Holdings and the Borrower, confirming compliance with the conditions set forth in paragraph (a) of Section 4.02.

(e) All fees required to be paid on the Effective Date pursuant to the Engagement Letter and the Fee Letter and reasonable out-of-pocket expenses required to be paid on the Effective Date pursuant to the Engagement Letter, to the extent invoiced prior to the Effective Date, shall have been paid or will be paid substantially simultaneously with the initial Borrowing hereunder.

(f) The Collateral and Guarantee Requirement shall have been satisfied and the Administrative Agent shall have received (i) a completed Perfection Certificate dated the Effective Date and signed by a Financial Officer of each of Holdings and the Borrower, together with all attachments contemplated thereby, (ii) the results of a search of the Uniform Commercial Code (or equivalent) filings made with respect to Holdings, the Borrower and the Designated Subsidiaries in the jurisdictions contemplated by the Perfection Certificate, delivered at least five Business Days prior to the Effective Date, (iii) copies of the financing statements (or similar documents) disclosed by such search and (iv) evidence reasonably satisfactory to the Administrative Agent that the Liens indicated by such financing statements (or similar documents), if not permitted by Section 6.02, have been or will contemporaneously with the initial funding of Loans on the Effective Date be released.

(g) The Existing Credit Agreement shall have been terminated, all outstanding amounts and accrued and unpaid fees or other amounts owing thereunder shall have been paid and all liens and security interests securing any obligations thereunder shall have been released (or arrangements reasonably satisfactory to the Administrative Agent shall be in place to effect such payment and release substantially simultaneously with the making of the initial Loans on the Effective Date). The Administrative Agent shall have received a payoff and release letter with respect to the Existing Credit Agreement in form and substance reasonably satisfactory to the Administrative Agent.

(h) The Administrative Agent shall have received a certificate, substantially in the form of Exhibit G, from the senior vice president, business operations and finance, of Holdings certifying as to the solvency of Holdings and its subsidiaries on a consolidated basis on the Effective Date after giving effect to the Transactions.

(i) The Administrative Agent shall have received all documentation and other information about the Loan Parties as has been reasonably requested by the Administrative Agent or the Arrangers at least five Business Days prior to the Effective Date and that they reasonably determine is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act.

The Administrative Agent shall notify Holdings, the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding.

SECTION 4.02. Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing, and of each Issuing Bank to issue, amend, renew or extend any Letter of Credit, is subject to receipt of the request therefor in accordance herewith and to the satisfaction of the following conditions:

(a) The representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects, in each case on and as of the date of such Loan or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, except in the case of any such representation and warranty that expressly relates to a prior date, in which case such representation and warranty shall be so true and correct in all material respects on and as of such prior date.

(b) At the time of and immediately after giving effect to such Loan or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have occurred and be continuing.

On the date of any Loan or the issuance, amendment, renewal or extension of any Letter of Credit, Holdings and the Borrower shall be deemed to have represented and warranted that the conditions specified in paragraphs (a) and (b) of this Section have been satisfied and that, immediately after giving effect to such Loan, or such issuance, amendment, renewal or extension of a Letter of Credit, the Aggregate Revolving Exposure (or any component thereof) shall not exceed the applicable maximum amount thereof (or the applicable maximum amount of any such component) specified in Section 2.01, 2.04(a) or 2.05(b).

ARTICLE V

Affirmative Covenants

Until the Commitments shall have expired or been terminated, the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full, all Letters of Credit shall have expired or been terminated (or shall have been cash collateralized as contemplated by Section 2.05(c) or otherwise cease to be Letters of Credit under this Agreement in a manner approved in writing by each of the applicable Issuing Banks) and all LC Disbursements shall have been reimbursed, each of Holdings and the Borrower covenants and agrees with the Lenders that:

SECTION 5.01. Financial Statements and Other Information. Holdings and the Borrower will furnish to the Administrative Agent, on behalf of each Lender:

(a) within 150 days after the end of each fiscal year of Holdings (commencing with the fiscal year ending December 31, 2012) (or, so long as Holdings shall be subject to periodic reporting obligations under the Exchange Act, by the date that the Annual Report on Form 10-K of Holdings for such fiscal year would be required to be filed under the rules and regulations of the SEC, giving effect to any extension available thereunder for the filing of such form), its audited consolidated balance sheet and related statements of income, stockholders’ equity and cash flows as of the end of and for such fiscal year, setting forth in each case in comparative form the figures for the prior fiscal year, all audited by and accompanied by the opinion of PricewaterhouseCoopers LLP or another independent registered public accounting firm of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly, in all material respects, the financial position, results of operations and cash flows of Holdings and its Subsidiaries on a consolidated basis as of the end of and for such year in accordance with GAAP;

(b) (i) within 45 days after the end of each of the first three fiscal quarters of each fiscal year of Holdings (commencing with the fiscal quarter ending March 31, 2013) (or, so long as Holdings shall be subject to periodic reporting obligations under the Exchange Act, by the date that the Quarterly Report on Form 10-Q of Holdings for such fiscal quarter would be required to be filed under the rules and regulations of the SEC, giving effect to any extension available thereunder for the filing of such form) and (ii) within 90 days after the end of the fourth fiscal quarter of each fiscal year of Holdings (commencing with the fiscal quarter ending December 31, 2012), Holdings’ consolidated balance sheet and related consolidated statements of income, stockholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of the corresponding period or periods of) the prior fiscal year, all certified by a Financial Officer of Holdings as presenting fairly, in all material respects, the financial position, results of operations and cash flows of Holdings and its consolidated Subsidiaries on a consolidated basis as of the end of and for such fiscal quarter and such portion of the fiscal year in accordance with GAAP, subject to normal year-end audit adjustments and the absence of certain footnotes;

(c) concurrently with each delivery of financial statements under clause (a) or (b) above (or, so long as Holdings shall be subject to periodic reporting obligations under the Exchange Act, within five Business Days of each delivery of financial statements under clause (a) or (b) above), a completed Compliance Certificate signed by a Financial Officer of each of Holdings and the Borrower, (i) certifying as to whether a Default has occurred during the most recent fiscal quarter covered by such Compliance Certificate and, if a Default has occurred during such fiscal quarter, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably

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detailed calculations of the Leverage Ratio and Interest Coverage Ratio as of the last day of the fiscal period covered by such financial statements, (iii) stating whether any significant change in GAAP or in the application thereof (in each case, as applied by, and having an impact on, Holdings and the Subsidiaries) has occurred since the date of the consolidated balance sheet of Holdings most recently previously delivered under clause (a) or (b) above (or, prior to the first such delivery, referred to in Section 3.04(a)) and, if any such change has occurred, specifying the effect of such change on the financial statements (including those for the prior periods) accompanying such certificate, (iv) certifying that all notices required to be provided under Sections 5.03 and 5.04 have been provided, (v) in the case of any delivery of financial statements under clause (a) above in respect of fiscal years ending on or after December 31, 2013, setting forth a reasonably detailed calculation of Excess Cash Flow for the applicable fiscal year, (vi) unless each wholly owned Domestic Subsidiary constitutes a Loan Party or has been designated as a Material Subsidiary prior to the time such Compliance Certificate is delivered, setting forth reasonably detailed calculations with respect to which Subsidiaries are Material Subsidiaries based on the information contained in such financial statements and identifying each Subsidiary, if any, that has been designated a Material Subsidiary in order to satisfy the condition set forth in the definition of the term “Material Subsidiary”, (vii) identifying as of the date of such Compliance Certificate each Subsidiary that (A) is an Excluded Subsidiary as of such date but has not been identified as an Excluded Subsidiary in Schedule 3.11A or in any prior Compliance Certificate or (B) has previously been identified as an Excluded Subsidiary but has ceased to be an Excluded Subsidiary, (viii) to the extent utilized during the most recent fiscal quarter covered by such Compliance Certificate, setting forth the amounts of utilization during the most recent fiscal quarter included in such financial statements of the Available Basket Amount, the Available ECF Amount and any Qualifying Equity Proceeds to make Investments in reliance on Section 6.04(v), Restricted Payments in reliance on Section 6.08(a)(viii) and expenditures in respect of Junior Indebtedness in reliance on Section 6.08(b)(vi), specifying each such use and the amount thereof, (ix) setting forth the number of total paid subscribers for the main services of the Loan Parties as of the beginning and as of the end of the most recent fiscal quarter included in such financial statements and (x) after the occurrence of the change in GAAP treatment of operating leases referred to in the last sentence of Section 1.04, setting forth a reconciliation in respect of operating leases under GAAP as then in effect and in the financial statements of Holdings thereafter delivered under clause (a) or (b) above;

(d) no later than 45 days after the beginning of each fiscal year of Holdings, commencing with the fiscal year beginning January 1, 2014, a reasonably detailed business plan and consolidated budget for such fiscal year (including a projected consolidated balance sheet and related projected statements of income and cash flows as of the end of and for such fiscal year and setting forth the material assumptions used for purposes of preparing such budget) and, promptly after the same become available, any significant revisions to such budget; and

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(e) promptly after any request therefor, such other information regarding the operations, business affairs, assets, liabilities (including contingent liabilities) and financial condition of Holdings, the Borrower or any other Subsidiary, or compliance with the terms of any Loan Document, or with the USA PATRIOT Act, as the Administrative Agent or any Lender may reasonably request.

Information required to be delivered pursuant to clause (a) or (b) of this Section shall be deemed to have been delivered to the Administrative Agent and the Lenders if such information, or one or more annual or quarterly reports containing such information, shall have been posted by the Administrative Agent on an IntraLinks or similar site to which the Lenders have been granted access. Information required to be delivered pursuant to clause (a) or (b) of this Section shall be deemed to have been delivered to the Administrative Agent and the Lenders if such information, or one or more annual or quarterly reports containing such information, is available on the website of the SEC at xxxx://xxx.xxx.xxx and the Borrower provides notice of such availability to the Administrative Agent. Information required to be delivered pursuant to this Section may also be delivered by electronic communications pursuant to procedures approved by the Administrative Agent.

SECTION 5.02. Notices of Material Events. Holdings and the Borrower will furnish to the Administrative Agent prompt (in any event within any applicable period specified below) written notice of the following:

(a) within three (3) Business Days after a Loan Party becomes aware of the occurrence thereof, any Default;

(b) within three (3) Business Days after a Loan Party becomes aware of the occurrence thereof, the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting Holdings, the Borrower or any other Subsidiary, or any adverse development in any such pending action, suit or proceeding not previously disclosed in writing by Holdings or the Borrower to the Administrative Agent and the Lenders, that in each case could reasonably be expected to result in a Material Adverse Effect or that in any manner questions the validity of any Loan Document;

(c) within five (5) Business Days after a Loan Party becomes aware of the occurrence thereof, any ERISA Event that, alone or together with any other ERISA Events that have occurred and are continuing, could reasonably be expected to result in a Material Adverse Effect;

(d) no later than 10 Business Days after a Loan Party becomes aware of the occurrence thereof, any attack that penetrates the Borrower’s firewalls or other protective screens on xxxxxxxxxxxx.xxx by any “viruses”, “worms”, “trojan horses”, “time bombs”, “back doors”, and other infections or harmful routines which disrupt, disable, harm, distort or otherwise impede in a material adverse manner the legitimate operation of such Website, or of any other associated software, firmware, hardware, computer system or network;

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(e) no later than five (5) Business Days of the occurrence thereof, any outage of any the xxxxxxxxxxxx.xxx Website lasting for more than twelve consecutive hours, except as a result of scheduled or emergency maintenance periods;

(f) any material change in accounting policies or financial reporting practices by Holdings or any Subsidiary (it being understood that such notice shall be deemed provided to the extent described in any financial statement delivered to the Administrative Agent pursuant to the terms of his Agreement); and

(g) within three (3) Business Days after a Loan Party becomes aware of the occurrence thereof, any other development that has resulted in, or could reasonably be expected to result in, a Material Adverse Effect.

Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of the Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto.

SECTION 5.03. Additional Subsidiaries. (a) If any direct Subsidiary is formed or acquired after the Effective Date by any Loan Party or any Subsidiary that is required to be a Loan Party, Holdings and the Borrower will, as promptly as practicable, and in any event within 30 days (or such longer period as the Administrative Agent may agree to in writing), notify the Administrative Agent thereof and cause the Collateral and Guarantee Requirement to be satisfied with respect to such Subsidiary (if it is a Designated Subsidiary) and with respect to any Equity Interests of such Subsidiary owned by any Loan Party (including, in the case of any Equity Interests of a Material Foreign Subsidiary held by a Loan Party, in each case, if requested by the Administrative Agent, the execution and delivery of a Foreign Pledge Agreement with respect to such Equity Interests (subject to the limitations referred to in the definition of “Collateral and Guarantee Requirement”) and the taking of other necessary actions to perfect the security interest of the Administrative Agent in such Equity Interests).

(b) Holdings may designate a Domestic Subsidiary that is not a Material Subsidiary as a Designated Subsidiary; provided that (i) such Subsidiary shall have delivered to the Administrative Agent a supplement to the Collateral Agreement, in the form specified therein, duly executed by such Subsidiary, (ii) Holdings shall have delivered a certificate of a Financial Officer or other executive officer of each of Holdings and the Borrower to the effect that, after giving effect to any such designation and such Subsidiary becoming a Subsidiary Loan Party hereunder, the representations and warranties set forth in this Agreement and the other Loan Documents as to such Subsidiary shall be true and correct in all material respects and no Default shall have occurred and be continuing, and (iii) such Subsidiary shall have delivered to the Administrative Agent documents and (if requested by the Administrative Agent) opinions of the type referred to in paragraphs (b) and (c) of Section 4.01.

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SECTION 5.04. Information Regarding Collateral. (a) Holdings and the Borrower will furnish to the Administrative Agent prompt written notice of any change in (i) the legal name of any Loan Party, as set forth in its organizational documents, (ii) the jurisdiction of organization or the form of organization of any Loan Party (including as a result of any merger or consolidation), (iii) the location of the chief executive office of any Loan Party or (iv) the organizational identification number, if any, or, with respect to any Loan Party organized under the laws of a jurisdiction that requires such information to be set forth on the face of a Uniform Commercial Code financing statement, the Federal Taxpayer Identification Number of such Loan Party. Holdings and the Borrower agree not to effect or permit any change referred to in the preceding sentence unless all filings have been made under the Uniform Commercial Code or otherwise that are required in order for the Administrative Agent to continue to have, to the extent required by the Loan Documents, a valid, legal and perfected security interest in all the Collateral owned by such Loan Party following such change.

(b) Holdings and the Borrower will furnish to the Administrative Agent prompt written notice of (i) the acquisition by any Loan Party of, or any real property otherwise becoming, a Mortgaged Property after the Effective Date and (ii) the acquisition after the Effective Date by any Loan Party of any aircraft with a book or fair value of $1,000,000 or more.

SECTION 5.05. Existence; Conduct of Business. (a) Holdings, the Borrower and each other Subsidiary will do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges, franchises, patents, copyrights, trademarks and trade names necessary to the conduct of its business, in each case, except to the extent (other than with respect to the preservation of existence of Holdings and the Borrower) that the failure to do so could not reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03 or any Disposition permitted by Section 6.05.

(b) Holdings, the Borrower and each other Subsidiary will take all actions reasonably necessary to protect all patents, trademarks, copyrights, licenses, technology, software, Domain Names, confidential proprietary databases and other Intellectual Property necessary to the conduct of its business including (i) protecting the secrecy and confidentiality of the confidential information and trade secrets of Holdings, the Borrower or such other Subsidiary by having and enforcing a policy requiring all employees, consultants, licensees, vendors and contractors to execute agreements containing appropriate confidentiality and, where applicable, invention assignment provisions, (ii) taking all actions reasonably necessary to ensure that none of the trade secrets of Holdings, the Borrower or such other Subsidiary shall fall or has fallen into the public domain and (iii) protecting the secrecy and confidentiality of the source code of all computer software programs and applications owned or licensed by Holdings, the Borrower or such other Subsidiary by having and enforcing a policy requiring any

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licensees of such source code (including any licensees under any source code escrow agreement) to enter into license agreements with appropriate use and nondisclosure restrictions, except in each case where the failure to take any such action, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

SECTION 5.06. Payment of Taxes. Holdings, the Borrower and each other Subsidiary will pay its Tax liabilities, before the same shall become delinquent or in default, unless the same are being contested in good faith by appropriate proceedings diligently conducted and unless Holdings, the Borrower or such other Subsidiary is maintaining adequate reserves in accordance with GAAP (to the extent required thereby), except where the failure to pay such Tax liabilities could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

SECTION 5.07. Maintenance of Properties. Holdings, the Borrower and each other Subsidiary will keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear and casualty and condemnation excepted, except where the failure to do so could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

SECTION 5.08. Insurance. Holdings, the Borrower and each other Subsidiary will maintain, with financially sound and reputable insurance companies, insurance in such amounts (with no greater risk retention) and against such risks as are customarily maintained by companies of established repute engaged in the same or similar businesses operating in the same or similar locations. Each such policy of liability or casualty insurance maintained by or on behalf of Loan Parties, unless otherwise agreed by the Administrative Agent, shall (a) in the case of each liability insurance policy, name the Administrative Agent, on behalf of the Lenders, as an additional insured thereunder, (b) in the case of each casualty insurance policy, contain a loss payable clause or endorsement that names the Administrative Agent, on behalf of the Lenders, as the loss payee thereunder and (c) provide for at least 30 days’ (or such shorter number of days as may be agreed to by the Administrative Agent) prior written notice to the Administrative Agent of any cancellation of such policy. With respect to each Mortgaged Property that is located in an area determined by the Federal Emergency Management Agency to have special flood hazards, the applicable Loan Party has obtained, and will maintain, with financially sound and reputable insurance companies, such flood insurance as is required under applicable law, including Regulation H of the Board of Governors.

SECTION 5.09. Books and Records; Inspection and Audit Rights. Holdings, the Borrower and each other Subsidiary will keep proper books of record and account in which entries that are full, true and correct in all material respects and in conformity with GAAP shall be made of all material financial dealings and transactions in relation to its business and activities. Holdings, the Borrower and each other Subsidiary will permit the Administrative Agent, and any agent designated by the Administrative Agent, upon reasonable prior notice, (a) to visit and inspect its properties, (b) to examine and make extracts from its books and records and (c) to discuss its operations, business affairs, assets, liabilities (including contingent liabilities) and financial condition with its officers and independent accountants, all at such reasonable

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times and as often as reasonably requested; provided that (i) no such discussion with any such independent accountants shall be permitted unless the Borrower shall have received reasonable notice thereof and a reasonable opportunity to participate therein and (ii) unless an Event of Default shall have occurred and be continuing, no Lender shall exercise such rights more often than two times during any calendar year and only one such time shall be at the Borrower’s expense. Notwithstanding anything to the contrary in this Section 5.09, none of Holdings, the Borrower or any of their respective Subsidiaries will be required to disclose, permit the inspection, examination or making of extracts, or discussion of, any documents, information or other matter that (i) in respect of which disclosure to the Administrative Agent (or any designated representative or agent or employee) or any Lender is then prohibited by law or any agreement binding on Holdings, the Borrower or any of their respective Subsidiaries or (ii) is subject to attorney-client or similar privilege constitutes attorney work product.

SECTION 5.10. Compliance with Laws. Holdings, the Borrower and each other Subsidiary will comply with all Requirements of Law, including environmental laws and ERISA, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

SECTION 5.11. Use of Proceeds and Letters of Credit. The proceeds of the Term Loans will be used to pay the Transaction Costs, to make Restricted Payments in reliance on Section 6.08(a)(vii) hereof and to effect the Refinancing. The proceeds of the Revolving Loans (if any) on the Effective Date will be used to pay the Transaction Costs, to make Restricted Payments in reliance on Section 6.08(a)(vii) hereof and to effect the Refinancing. The proceeds of the Revolving Loans and Swingline Loans after the Effective Date, and any remaining proceeds of the Term Loans not used on the Effective Date as described above, will be used solely for working capital and other general corporate purposes of Holdings, the Borrower and the Subsidiaries, including for Permitted Acquisitions but excluding any purchases of Term Loans. Letters of Credit will be used by the Borrower and the Subsidiaries for general corporate purposes.

SECTION 5.12. Further Assurances. Holdings, the Borrower and each other Loan Party will execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other documents), that may be required under any applicable law, or that the Administrative Agent may reasonably request, to cause the Collateral and Guarantee Requirement to be and remain satisfied at all times required hereunder, all at the expense of the Loan Parties. Holdings and the Borrower will provide to the Administrative Agent, from time to time upon request, evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Liens required by the Security Documents.

SECTION 5.13. Maintenance of Ratings. The Borrower will use commercially reasonable efforts to maintain continuously in effect a corporate rating from S&P and a corporate family rating from Xxxxx’x, in each case in respect of the Borrower, and a rating of the credit facilities hereunder by each of S&P and Xxxxx’x.

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SECTION 5.14. Databases; Software. If an Event of Default has occurred and is continuing, at the reasonable request of the Administrative Agent, Holdings and the Borrower will deliver to the Administrative Agent schedules (which shall be updated with such frequency as the Administrative Agent may reasonably require if an Event of Default is continuing) listing all computer hardware and operational software (specifying, among other things, the current versions thereof) utilized by the Loan Parties to maintain and operate the Proprietary Databases and Proprietary Software.

SECTION 5.15. Maintenance of Websites and Domain Names. Holdings, the Borrower and each other Subsidiary will (a) take actions customarily taken by companies engaged in the same or similar business to maintain, preserve and protect their rights and interests and the rights and interests of the Administrative Agent with respect to all material Websites and material Domain Names of the Loan Parties, including, making all necessary filings, registrations and applications with the appropriate domain name registrars and paying all fees, costs and expenses associated therewith, (b) maintain the effectiveness of all Domain Name registrations material to the business of the Loan Parties and their subsidiaries as of the relevant time of inquiry with an ICANN-accredited domain name registrar and prevent any such registrations from lapsing or being canceled, abandoned or terminated, (c) register all Domain Names primarily used by the Borrower or a Domestic Subsidiary and acquired after the Effective Date in the name of the Borrower or any other Subsidiary Loan Party and (d) comply in all material respects with all of the Loan Parties’ obligations under all Website Agreements and maintain the effectiveness of all Website Agreements, except, in the case of each of clauses (a) through (d), where the failure to do so would not interfere in any material respect with the ability of the Borrower and the other Subsidiaries to conduct their business as currently conducted.

ARTICLE VI

Negative Covenants

SECTION 6.01. Indebtedness; Certain Equity Securities. (a) None of Holdings, the Borrower or any other Subsidiary will create, incur, assume or permit to exist any Indebtedness, except:

(i) Indebtedness created under the Loan Documents;

(ii) Indebtedness existing on the date hereof and set forth on Schedule 6.01 and Refinancing Indebtedness in respect thereof;

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(iii) Indebtedness of any Subsidiary to Holdings, the Borrower or any other Subsidiary; provided that (A) any such Indebtedness owing by any Loan Party shall be unsecured and, to the extent the aggregate principal amount of all such Indebtedness owing by any Loan Party to Holdings or any Subsidiary exceeds $1,000,000, shall be subordinated in right of payment to the Loan Document Obligations on terms customary for intercompany subordinated Indebtedness, as reasonably determined by the Administrative Agent, (B) any such Indebtedness owing to any Loan Party shall be evidenced by a promissory note (which can be a master promissory note) that shall have been pledged pursuant to the Collateral Agreement and (C) any such Indebtedness owing by any Subsidiary that is not a Loan Party to any Loan Party shall be incurred in compliance with Section 6.04;

(iv) Guarantees incurred in compliance with Section 6.04;

(v) Indebtedness of the Borrower or any other Subsidiary (A) incurred to finance the acquisition, construction, repair, replacement or improvement of any fixed or capital assets, including Capital Lease Obligations, provided that such Indebtedness is incurred prior to or within 270 days after such acquisition or the completion of such construction, repair, replacement or improvement or (B) assumed in connection with the acquisition of any fixed or capital assets, and Refinancing Indebtedness in respect of any of the foregoing; provided that the aggregate principal amount of Indebtedness permitted by this clause (v) shall not exceed $1,000,000 at any time outstanding;

(vi) Indebtedness (other than Indebtedness under credit facilities or capital markets Indebtedness) of any Person that becomes a Subsidiary (or of any Person not previously a Subsidiary that is merged or consolidated with or into a Subsidiary in a transaction permitted hereunder) after the date hereof, or Indebtedness (other than Indebtedness under credit facilities or capital markets Indebtedness) of any Person that is assumed by the Borrower or any Subsidiary in connection with an acquisition of assets in a Permitted Acquisition or other acquisition permitted hereunder, provided that (A) such Indebtedness exists at the time such Person becomes a Subsidiary (or is so merged or consolidated) or such assets are acquired and is not created in contemplation of or in connection with such Person becoming a Subsidiary (or such merger or consolidation) or such assets being acquired and (B) neither the Borrower nor any Subsidiary (other than such Person or the Subsidiary with which such Person is merged or consolidated or the Person that so assumes such Person’s Indebtedness) shall Guarantee or otherwise become liable for the payment of such Indebtedness, and Refinancing Indebtedness in respect of any of the foregoing; provided that the aggregate principal amount of Indebtedness permitted by this clause (vi) shall not exceed $500,000 at any time outstanding;

(vii) Indebtedness of Foreign Subsidiaries in an aggregate principal amount not in excess of $15,000,000 at any time outstanding;

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(viii) Indebtedness owed in respect of any overdrafts and related liabilities arising from treasury, depository and cash management services or in connection with any automated clearing-house transfers of funds;

(ix) Indebtedness in respect of letters of credit, bank guarantees and similar instruments issued for the account of Holdings or any Subsidiary in the ordinary course of business supporting obligations under (A) workers’ compensation, health, disability or other employee benefits, casualty or liability insurance, unemployment insurance and other social security laws and (B) bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and obligations of a like nature;

(x) Indebtedness of Holdings, the Borrower or any other Subsidiary in the form of purchase price adjustments, indemnification obligations, earn-outs, non-competition agreements or other arrangements representing acquisition consideration or deferred payments of a similar nature incurred in connection with any Permitted Acquisition or other Investment permitted by Section 6.04;

(xi) Permitted Unsecured Indebtedness, provided that, (x) immediately prior to and immediately after giving effect to the incurrence thereof, no Default or Event of Default shall have occurred and be continuing and (y) immediately after giving effect to the incurrence thereof and any application of the proceeds thereof, the Leverage Ratio, calculated on a Pro Forma Basis as of the most recent Test Period for which financial statements are available, is not in excess of a ratio 0.25 less than the Leverage Ratio then applicable for such Test Period under Section 6.12;

(xii) other Indebtedness of the Borrower or any Subsidiary Loan Party in an aggregate principal amount not to exceed $5,000,000 at any time outstanding;

(xiii) Indebtedness consisting of the financing of insurance premiums in the ordinary course of business; and

(xiv) all premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or contingent interest on obligations described in clauses (i) through (xiii) above.

Notwithstanding anything to the contrary set forth above, if any Indebtedness incurred pursuant to this Section 6.01 is denominated in a foreign currency, no fluctuation in currency following the incurrence of such Indebtedness shall result in a breach of this Section 6.01.

(b) Holdings will not, nor will it permit any Domestic Subsidiary (or any direct Foreign Subsidiary of a Domestic Subsidiary) to, issue any preferred Equity Interests, except (A) in the case of Holdings, preferred Equity Interests that are Qualified Equity Interests, (B) in the case of any Domestic Subsidiary, preferred Equity Interests

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issued to and held by the Borrower or any other Domestic Subsidiary (and, in the case of any preferred Equity Interests issued by any Subsidiary Loan Party, such preferred Equity Interests shall be held by the Borrower or a Subsidiary Loan Party and the Collateral and Guarantee Requirement shall be satisfied with respect thereto within the times required thereby) and (C) in the case of any direct Foreign Subsidiary of a Domestic Subsidiary, preferred Equity Interests issued to and held by the Borrower, any other Domestic Subsidiary or any direct Foreign Subsidiary of a Domestic Subsidiary. Neither Holdings nor any Subsidiary will issue or permit to exist any Disqualified Equity Interests except for Disqualified Equity Interests existing on the date hereof and set forth on Schedule 6.01.

SECTION 6.02. Liens. (a) None of Holdings, the Borrower or any other Subsidiary will create, incur, assume or permit to exist any Lien on any asset now owned or hereafter acquired by it, or assign or sell (other than as permitted by Section 6.05) any income or revenues (including accounts receivable and royalties) or rights in respect of any thereof, except:

(i) Liens created under the Loan Documents;

(ii) Permitted Encumbrances;

(iii) any Lien on any asset of Holdings, the Borrower or any Subsidiary existing on the date hereof and set forth on Schedule 6.02; provided that (A) such Lien shall not apply to any other asset of Holdings, the Borrower or any Subsidiary other than (1) after-acquired property that is affixed or incorporated into the property covered by such Lien and (2) proceeds and products thereof and (B) such Lien shall secure only those obligations that it secures on the date hereof and any extensions, renewals and refinancings thereof that do not increase the outstanding principal amount thereof and, in the case of any such obligations constituting Indebtedness, that are permitted under Section 6.01 as Refinancing Indebtedness in respect thereof;

(iv) any Lien existing on any asset prior to the acquisition thereof by the Borrower or any other Subsidiary or existing on any asset of any Person that becomes a Subsidiary (or of any Person not previously a Subsidiary that is merged or consolidated with or into a Subsidiary in a transaction permitted hereunder) after the date hereof prior to the time such Person becomes a Subsidiary (or is so merged or consolidated); provided that (A) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary (or such merger or consolidation), (B) such Lien shall not apply to any other asset of Holdings, the Borrower or any other Subsidiary (other than, in the case of any such merger or consolidation, the assets of any Subsidiary that is a party thereto) other than (1) after-acquired property that is affixed or incorporated into the property covered by such Lien and (2) proceeds and products thereof, and (C) such Lien shall secure only those obligations that it secures on the date of such acquisition or the date such Person becomes a Subsidiary (or is so merged or consolidated), and any extensions, renewals and refinancings thereof that do not increase the outstanding principal amount thereof and, in the case of any such obligations constituting Indebtedness, that are permitted under Section 6.01 as Refinancing Indebtedness in respect thereof;

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(v) Liens on fixed or capital assets acquired, constructed, repaired, replaced or improved by the Borrower or any other Subsidiary; provided that (A) such Liens secure only Indebtedness permitted by clause (v) of Section 6.01(a) and (B) such Liens shall not apply to any other asset of Holdings, the Borrower or any other Subsidiary (other than the proceeds and products thereof); provided further that in the event purchase money obligations are owed to any Person with respect to financing of more than one purchase of any fixed or capital assets, such Liens may secure all such purchase money obligations and may apply to all such fixed or capital assets financed by such Person;

(vi) in connection with the sale or transfer of any Equity Interests or other assets in a transaction permitted under Section 6.05, customary rights and restrictions contained in agreements relating to such sale or transfer pending the completion thereof;

(vii) in the case of (A) any Subsidiary that is not a wholly-owned Subsidiary or (B) the Equity Interests in any Person that is not a Subsidiary, any encumbrance or restriction, including any put and call arrangements, related to Equity Interests in such Subsidiary or such other Person set forth in the organizational documents of such Subsidiary or such other Person or any related joint venture, shareholders’ or similar agreement;

(viii) Liens (x) on advances of cash or cash equivalents in favor of the seller of any property to be acquired in a Permitted Acquisition or other acquisition permitted hereunder to be applied against the purchase price and (y) solely on any xxxx xxxxxxx money deposits, escrow arrangements or similar arrangements made by the Borrower or any Subsidiary in connection with any letter of intent or purchase agreement for a Permitted Acquisition or other transaction permitted hereunder;

(ix) Liens deemed to exist in connection with Investments in repurchase agreements under clause (d) of the definition of the term “Permitted Investments”;

(x) Liens on property of any Subsidiary that is not a Loan Party, which Liens secure Indebtedness of such Subsidiary permitted under Section 6.01;

(xi) Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto;

(xii) Liens securing judgments for the payment of money not constituting an Event of Default under Section 7.01(k);

(xiii) other Liens securing Indebtedness or other obligations in an aggregate principal amount not to exceed $1,000,000 at any time outstanding; and

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(xiv) the licensing of Intellectual Property on a non-exclusive basis or on an exclusive basis so long as such exclusive licensing is limited to geographic areas, particular fields of use, customized products for customers or limited time periods, and so long as after giving effect to such exclusive license (other than any license where a Subsidiary is the licensee), the Borrower or another Subsidiary, as applicable, retains such rights, if any, to use the subject Intellectual Property as may be required to enable it to continue to conduct its business in the ordinary course.

(b) Notwithstanding the foregoing, none of Holdings, the Borrower or any other Domestic Subsidiary shall create, incur, assume or permit to exist any Lien on the Intellectual Property (other than any non-consensual Lien or any Lien of the type referred to in clauses (i), (iv) and (xiv) of paragraph (a) of this Section).

(c) Notwithstanding anything herein to the contrary, Holdings will not create, incur, assume or permit to exist any Lien on any asset now owned or hereafter acquired by it, or assign or sell (other than as permitted by Section 6.05) any income or revenues (including accounts receivable) or rights in respect thereof, except Liens referred to in clauses (i), (ii), (iii), (xi) and (xii) of paragraph (a) of this Section.

SECTION 6.03. Fundamental Changes; Business Activities. (a) None of Holdings, the Borrower or any other Subsidiary will merge into or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default shall have occurred and be continuing, (i) any Person may merge into the Borrower in a transaction in which the Borrower is the surviving entity, (ii) any Person (other than the Borrower) may merge or consolidate with any Subsidiary in a transaction in which the surviving entity is a Subsidiary (and, if any party to such merger or consolidation is a Subsidiary Loan Party, is a Subsidiary Loan Party), (iii) any Subsidiary (other than the Borrower) may merge into or consolidate with any Person (other than Holdings or the Borrower) in a transaction permitted under Section 6.05 in which, after giving effect to such transaction, the surviving entity is not a Subsidiary, (iv) any Subsidiary (other than the Borrower) may merge, consolidate or amalgamate with any other Person in order to effect an Investment permitted pursuant to Section 6.04, provided that the continuing or surviving Person shall be a Subsidiary Loan Party, (v) any Subsidiary (other than the Borrower or another Subsidiary Loan Party) may merge, consolidate or amalgamate with any other Person in order to effect an Investment permitted pursuant to Section 6.04, provided that the continuing or surviving Person shall be a Subsidiary, and (vi) any Subsidiary (other than the Borrower) may liquidate or dissolve if the Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Borrower and is not materially disadvantageous to the Lenders; provided that the assets and operations of any Material Subsidiary that is liquidated or dissolved shall be transferred to the Borrower, a Subsidiary Loan Party, or the direct holder of the Equity Interests of such Material Subsidiary in connection therewith or otherwise Disposed of in a manner permitted under Section 6.05; provided, further, that any merger or consolidation otherwise permitted pursuant to the foregoing provisions involving a Person that is not a wholly-owned Subsidiary immediately prior thereto shall not be permitted unless it is also permitted under Section 6.04 or under Section 6.05.

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(b) None of Holdings, the Borrower or any other Subsidiary will engage to any material extent in any business other than businesses of the type conducted by Holdings, the Borrower and the Subsidiaries on the date hereof and businesses reasonably related or ancillary thereto.

(c) Holdings will not conduct, transact or otherwise engage in any business or operations other than (i) the ownership and/or acquisition of the Equity Interests of the Borrower, (ii) the maintenance of its legal existence, including the ability to incur fees, costs and expenses relating to such maintenance (other than any fees, costs and expenses payable to an Affiliate), (iii) participating in tax, accounting and other administrative matters as a member of the consolidated group of Holdings and the Borrower and the other Subsidiaries, (iv) the incurrence of Indebtedness permitted under Section 6.01(a)(i), (viii) and (xiii), and the performance of its obligations under and in connection with the Loan Documents and any documentation governing any Indebtedness permitted to be incurred under Section 6.01(a)(viii) and (xiii), (v) any public offering of its common stock or any other issuance or registration of its Equity Interests for sale or resale not otherwise prohibited by this Agreement, including the payment of costs, fees and expenses related thereto (other than costs, fees and expenses payable to an Affiliate), (vi) the creation, incurrence or assumption of Liens pursuant to Section 6.02(a)(i), (ii), (iii), (xi) and (xii), (vii) the ownership and/or acquisition of cash and Permitted Investments, (viii) any transaction that Holdings is expressly permitted to enter into or consummate under Sections 6.04, 6.05, 6.06, 6.07, 6.08 or 6.09, (ix) incurring fees, costs and expenses relating to overhead and general operating including professional fees for legal, tax and accounting issues and paying Taxes, (x) providing indemnification to officers and directors and as otherwise permitted in Section 6.09, (xi) activities incidental to the consummation of the Transactions and (xii) activities incidental to the businesses or activities described in clauses (i) to (x) of this paragraph.

SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions. None of Holdings, the Borrower or any other Subsidiary will purchase, hold, acquire (including pursuant to any merger or consolidation with any Person that was not a wholly-owned Subsidiary prior thereto), make or otherwise permit to exist any Investment in any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) all or substantially all the assets of any other Person or of a business unit, division, product line or line of business of any other Person, or assets acquired other than in the ordinary course of business that, following the acquisition thereof, would constitute a substantial portion of the assets of Holdings and the Subsidiaries, taken as a whole, except:

(a) cash or Permitted Investments;

(b) Investments existing or contemplated on the date hereof and set forth on Schedule 6.04 (but not any additions thereto (including any capital contributions) made after the date hereof);

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(c) (x) Investments by Holdings, the Borrower and their subsidiaries in their respective subsidiaries outstanding on the date hereof, (y) additional Investments by the Borrower in any Subsidiary Loan Party and by any Subsidiary Loan Party in the Borrower or in another Subsidiary Loan Party, and (z) Investments by Holdings, the Borrower and the other Subsidiaries in Equity Interests in their subsidiaries; provided, in the case of clause (z), that (i) such subsidiaries are Subsidiaries prior to such Investments, (ii) any such Equity Interests held by a Loan Party shall be pledged within the times and to the extent required pursuant to the definition of the term “Collateral and Guarantee Requirement” and (iii) the aggregate amount of such Investments by the Loan Parties pursuant to this clause (c) in, and loans and advances by the Loan Parties pursuant to Section 6.04(d) to, and Guarantees by the Loan Parties pursuant to Section 6.04(e) of Indebtedness or other obligations of, Subsidiaries that are not Loan Parties (excluding all such Investments, loans, advances and Guarantees existing on the date hereof and permitted by this clause (c) and clause (b) above) shall not exceed $1,000,000 at any time outstanding; and provided further that in no event shall any Material Subsidiary cease to be a Loan Party pursuant to this clause (c) except as a result of a consolidation, merger or similar transaction in which the continuing or surviving Person is a Loan Party;

(d) loans or advances made by Holdings, the Borrower or any other Subsidiary to any Subsidiary; provided that (i) any Indebtedness resulting therefrom is permitted by clause (iii) of Section 6.01(a) and (ii) the amount of such loans and advances made by the Loan Parties to Subsidiaries in reliance on this clause (d) that are not Loan Parties shall be subject to the limitation set forth in clause (c) above;

(e) Guarantees by Holdings, the Borrower or any other Subsidiary of Indebtedness or other obligations of Holdings, the Borrower or any other Subsidiary (including any such Guarantees arising as a result of any such Person being a joint and several co-applicant with respect to any Letter of Credit or any other letter of credit or letter of guaranty); provided that (i) a Subsidiary shall not Guarantee any Permitted Unsecured Indebtedness or other Indebtedness or obligations of any Loan Party (or any Refinancing Indebtedness in respect thereof) unless (A) such Subsidiary has Guaranteed the Obligations pursuant to the Collateral Agreement, (B) any such Guarantee of such Permitted Unsecured Indebtedness (or of such Refinancing Indebtedness) provides for the release and termination thereof, without action by any Person, upon any release and termination of such Guarantee of the Obligations, and (C) any such Guarantee of Subordinated Indebtedness is subordinated to the Loan Document Obligations on terms no less favorable to the Lenders than those of the Subordinated Indebtedness, (ii) any such Guarantee constituting Indebtedness is permitted by Section 6.01, and (iii) the aggregate amount of such Indebtedness and other obligations of Subsidiaries that are not Loan Parties that is Guaranteed by any Loan Parties shall be subject to the limitation set forth in clause (c) above;

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(f) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary course of business;

(g) Investments made as a result of the receipt of noncash consideration from a Disposition of any asset in compliance with Section 6.05;

(h) Investments by Holdings, the Borrower or any other Subsidiary that result solely from the receipt by Holdings, the Borrower or such other Subsidiary from any of its subsidiaries of a dividend or other Restricted Payment in the form of Equity Interests, evidences of Indebtedness or other securities (but not any additions thereto made after the date of the receipt thereof);

(i) payroll, travel, entertainment, relocation and similar advances to directors and employees of Holdings or any Subsidiary to cover matters that are expected at the time of such advances to be treated as expenses of Holdings or such Subsidiary for accounting purposes and that are made in the ordinary course of business;

(j) Investments consisting of extensions of trade credit in the ordinary course of business;

(k) loans or advances to officers, directors and employees of Holdings or any Subsidiary made in the ordinary course of business; provided that the aggregate principal amount of such loans and advances outstanding at any time shall not exceed $1,000,000;

(1) Permitted Acquisitions (including xxxxxxx money deposits made in connection therewith);

(m) Holdings may acquire and hold obligations of one or more officers or other employees of Holdings or any of its Subsidiaries in connection with such officers’ or employees’ acquisition of shares of common Equity Interests of Holdings, so long as no cash is paid by Holdings or any of its Subsidiaries to such officers or employees in connection with the acquisition of any such obligations;

(n) Holdings may repurchase Equity Interests to the extent permitted by Section 6.08(a);

(o) the Subsidiaries may purchase inventory, machinery and equipment in the ordinary course of business;

(p) intercompany loans between any Domestic Subsidiaries and a Foreign Subsidiary that are made for purposes of cost sharing allocation and repaid on a regular periodic basis (and in any event, not less frequently than annually);

(q) Investments consisting of deposits, prepayments and other credits to suppliers made in the ordinary course of business of the Subsidiaries;

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(r) Guarantees in the ordinary course of business of obligations not constituting Indebtedness;

(s) to the extent constituting an Investment, Holdings and the Subsidiaries may (i) endorse negotiable instruments held for collection in the ordinary course of business, (ii) make lease, utility and other similar deposits in the ordinary course of business or (iii) prepay expenses in the ordinary course of business;

(t) the Borrower or Holdings may make a loan to any direct or indirect parent that could otherwise be made as a Restricted Payment under Section 6.08(a); provided that any such loan shall be deemed to be a Restricted Payment made under Section 6.08(a);

(u) Investments held by a Subsidiary acquired after the Effective Date or of a Person merged or consolidated with or into a Subsidiary or merged, in each case as permitted hereunder, to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger, amalgamation or consolidation; provided that this clause (u) is intended solely to grandfather such Investments as are indirectly acquired as a result of an acquisition of such Person otherwise permitted hereunder and any consideration paid in connection with such acquisition that may be allocable to such Investments must be permitted by, and be taken into account in computing compliance with, any basket amounts or limitations applicable to such acquisition hereunder; and

(v) other Investments, including Investments in connection with joint ventures and the acquisition of Foreign Subsidiaries or other Persons (including Non-Compliant Subsidiaries and Non-Compliant Assets in connection with Permitted Acquisitions) that will not be Loan Parties, in an aggregate amount not in excess of $25,000,000 plus (i) in any additional amount, to the extent the consideration therefor consists of Qualified Equity Interests or Qualifying Equity Proceeds, plus (ii) an amount in respect of any such Investment not in excess of the Available Basket Amount at the time such Investment is made, plus (iii) if the Leverage Ratio, calculated on a Pro Forma Basis immediately after giving effect to any such Investment is less than 3.65 to 1.00, in an amount not in excess of the Available ECF Amount at the time such Investment is made; provided, however that at the time any such Investment is made pursuant to this clause (v), (i) no Default shall have occurred and be continuing or would result therefrom, and (ii) the Borrower shall be in Pro Forma Compliance with the covenants set forth in Sections 6.12 and 6.13.

Notwithstanding anything contrary set forth above, if any applicable Investment is denominated in a foreign currency, no fluctuation in currency shall result in a breach of this Section 6.04. In addition, in the event that a Loan Party makes an Investment in an Excluded Subsidiary for purposes of permitting such Excluded

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Subsidiary or any other Excluded Subsidiary to apply the amounts received by it to make a substantially concurrent Investment (which may be made through any other Excluded Subsidiary) permitted hereunder, such substantially concurrent Investment by such Excluded Subsidiary shall not be included as an Investment for purposes of this Section 6.04 to the extent that the initial Investment by the Loan Party reduced amounts available to make Investments hereunder.

Notwithstanding the foregoing, Holdings shall be able to make Permitted Acquisitions and other Investments permitted hereunder so long as all assets and Equity Interests acquired in connection with such Permitted Acquisition or other Investment are contributed to the Borrower or another Subsidiary promptly after the consummation of such Permitted Acquisition or other Investment.

SECTION 6.05. Asset Sales. None of Holdings, the Borrower or any other Subsidiary will sell, transfer, lease or otherwise dispose of, or exclusively license, any asset, including any Equity Interest owned by it, nor will any Subsidiary issue any additional Equity Interest in such Subsidiary (other than to Holdings, the Borrower or any other Subsidiary in compliance with Section 6.04, and other than directors’ qualifying shares and other nominal amounts of Equity Interests that are required to be held by other Persons under Requirements of Law) (each, a “Disposition”), except:

(a) Dispositions of inventory or used, obsolete, worn out or surplus equipment in the ordinary course of business or of cash and Permitted Investments;

(b) Dispositions to Holdings, the Borrower or any other Subsidiary; provided that any such Dispositions involving a Subsidiary that is not a Loan Party shall be made in compliance with Sections 6.04 and 6.09; provided further, that no Disposition of Intellectual Property may be made by a Loan Party to a Subsidiary that is not a Loan Party pursuant to this clause (b), except for Dispositions to Foreign Subsidiaries of foreign rights to Intellectual Property that is acquired in a Permitted Acquisition or other acquisition permitted hereunder after the Effective Date to the extent such Dispositions are made for tax efficiency purposes;

(c) Dispositions of accounts receivable in connection with the compromise or collection thereof in the ordinary course of business and not as part of any accounts receivables financing transaction;

(d) Dispositions of assets subject to any casualty, condemnation or similar proceeding (including in lieu thereof);

(e) Dispositions of property to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such disposition are promptly applied to the purchase price of such replacement property;

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(f) Dispositions of Investments in joint ventures to the extent required by, or made pursuant to customary buy/sell arrangements between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements;

(g) Dispositions (including the abandonment) of Intellectual Property that is, in the reasonable judgment of the Borrower, no longer economically practicable or commercially desirable to maintain or that is not material to the conduct of the business of the Loan Parties, taken as a whole;

(h) Dispositions of assets that are not permitted by any other clause of this Section (including the Disposition of Intellectual Property); provided that (i) the cumulative aggregate fair value of all assets sold, transferred, leased or otherwise Disposed of in reliance on this clause after the Effective Date shall not exceed $25,000,000 and (ii) all Dispositions made in reliance on this clause shall be made for fair value and at least 75% Cash Consideration;

(i) the licensing of Intellectual Property on a non-exclusive basis or on an exclusive basis so long as such exclusive licensing is limited to geographic areas, particular fields of use, customized products for customers or limited time periods, and so long as after giving effect to such exclusive license (other than any license where a Subsidiary is the licensee), the Borrower or another Subsidiary, as applicable, retains such rights, if any, to use the subject Intellectual Property as may be required to enable it to continue to conduct its business in the ordinary course;

(j) Holdings or any Subsidiary may Dispose of Equity Interests in Holdings or such Subsidiary to qualify directors where required by applicable law or to satisfy other requirements of applicable law with respect to the ownership of Equity Interests in Foreign Subsidiaries;

(k) Holdings, the Borrower and any of the Subsidiaries may transfer assets as part of the consideration for Investments in joint ventures that are permitted under Section 6.04;

(1) leases, subleases, licenses or sublicenses of property in the ordinary course of business and which do not materially interfere with the business of Holdings, the Borrower and the other Subsidiaries;

(m) Dispositions of real property and related assets in the ordinary course of business in connection with relocation activities for directors, officers or members of management or employees of Holdings, the Borrower and the Subsidiaries;

(n) the transfer or assignment of foreign customer contracts from the Borrower or any Subsidiary Loan Party to SurveyMonkey Europe Sarl (or another Foreign Subsidiary) in the ordinary course of business;

(o) Dispositions described on Schedule 6.05 hereto; and

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(p) the transfer by any Loan Party to a Foreign Subsidiary of foreign Intellectual Property acquired in connection with any acquisition, to the extent such transfer is made for tax efficiency purposes.

“Cash Consideration” means, in respect of any Disposition by Holdings, the Borrower or any other Subsidiary, (a) cash or Permitted Investments received by it in consideration of such Disposition and (b) any liabilities (as shown on the most recent balance sheet of Holdings provided hereunder or in the footnotes thereto) of Holdings or such Subsidiary, other than liabilities that are by their terms subordinated in right of payment to the Loan Document Obligations, that are assumed by the transferee with respect to the applicable Disposition and for which Holdings and all of the Subsidiaries shall have been validly released by all applicable creditors (or an applicable agent or representative thereof) in writing.

Notwithstanding the foregoing, (i) no Disposition of any Equity Interests in any Subsidiary shall be permitted unless (A) in the case of the Disposition of any Equity Interests in any Subsidiary Loan Party, such Equity Interests constitute all the Equity Interests in such Subsidiary Loan Party held by Holdings and the Subsidiaries and (B) immediately after giving effect to such transaction, the Borrower and the Subsidiaries shall otherwise be in compliance with Section 6.04; and (ii) any Disposition of any assets pursuant to this Section 6.05 (except for those involving only Loan Parties or those pursuant to clauses (a) (in the case of used, obsolete, worn out or surplus equipment only), (d), (f), (g), (j) and (m) of Section 6.05), shall be for no less than the fair market value of such assets at the time of such Disposition.

SECTION 6.06. Sale/Leaseback Transactions. None of Holdings, the Borrower or any other Subsidiary will enter into any Sale/Leaseback Transaction, except for any such sale of any fixed or capital assets by any Subsidiary that is made for cash consideration in an amount not less than the fair value of such fixed or capital asset and is consummated within 90 days after such Subsidiary acquires or completes the construction of such fixed or capital asset, provided that (a) the sale or transfer of the property thereunder is permitted under Section 6.05, (b) any Capital Lease Obligations arising in connection therewith are permitted under Section 6.01 and (c) any Liens arising in connection therewith (including Liens deemed to arise in connection with any such Capital Lease Obligations) are permitted under Section 6.02.

SECTION 6.07. Hedging Agreements. None of Holdings, the Borrower or any other Subsidiary will enter into any Hedging Agreement, except Hedging Agreements entered into for bona fide purposes and not for speculation.

SECTION 6.08. Restricted Payments; Certain Payments of Indebtedness. (a) None of Holdings, the Borrower or any other Subsidiary will declare or make directly or indirectly, any Restricted Payment, except that (i) Holdings may declare and pay dividends with respect to its Equity Interests payable solely in additional Equity Interests permitted hereunder, (ii) any Subsidiary may declare and pay dividends or make other distributions with respect to its capital stock, partnership or membership interests or other similar Equity Interests, or make other Restricted Payments in respect of its Equity

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Interests, in each case ratably to the holders of such Equity Interests, provided that dividends paid by the Borrower to Holdings may only be paid at such times and in such amounts as shall be necessary to permit Holdings to make Restricted Payments permitted to be made by it under this paragraph (or, in the case of dividends declared, or other Restricted Payments irrevocably committed to, by Holdings, permitted at the time declared or committed to), (iii) Holdings may acquire Equity Interests upon the exercise of stock options if such Equity Interests are transferred in satisfaction of a portion of the exercise price of such options, (iv) Holdings may make cash payments in lieu of the issuance of fractional shares representing insignificant interests in Holdings in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Equity Interests in Holdings, and the Borrower may pay cash dividends to Holdings to fund such cash payments (and Holdings may make Restricted Payments to any parent to permit its parent to fund any such payment), (v) the Borrower may pay cash dividends to Holdings (and Holdings may make Restricted Payments to any parent to permit its parent to fund any such payment) and Holdings may use the proceeds to it of such dividends to (A) make cash Restricted Payments, not exceeding $3,000,000 in the aggregate for any fiscal year, pursuant to and in accordance with stock option plans or other benefit plans or agreements for directors, officers or employees of Holdings and the Subsidiaries; provided that Holdings may purchase, redeem or otherwise acquire Equity Interests pursuant to this clause (v)(A) without regard to the restrictions set forth in the proviso above for consideration consisting of proceeds of key man life insurance contributed to the Borrower, (B) pay reasonable and customary corporate and operating expenses (including reasonable out-of-pocket expenses for legal, administrative and accounting services provided by third parties, and compensation, benefits and other amounts payable to officers and employees in connection with their employment in the ordinary course of business), (C) pay franchise fees or similar taxes and fees required to maintain its corporate existence, and (D) pay director’s fees and expenses, (vi) each Subsidiary may declare and make payments or other distributions to Holdings to permit Holdings (or its direct or indirect parent) to pay taxes on behalf of Holdings and its Subsidiaries, (vii) not later than the date that is 30 days after the Effective Date, (A) the Borrower may utilize the proceeds of the Term Loans made on the Effective Date in an amount not in excess of $257,000,000 to pay a dividend to Holdings and (B) Holdings may utilize the proceeds of such dividend to make Restricted Payments, provided that no Default shall have occurred and be continuing at the time of any such Restricted Payment and Holdings shall contribute to the common equity capital of the Borrower any such proceeds received by it and not so utilized by such 30th day to make Restricted Payments, and (viii) so long as no Default shall have occurred and be continuing and the Borrower shall, after giving effect to any Restricted Payment made in reliance on this clause (viii), be in Pro Forma Compliance with the covenants set forth in Sections 6.12 and 6.13, the Borrower may on any date pay cash dividends to Holdings and Holdings may use the proceeds of such dividends to it to make Restricted Payments in an amount (without duplication), not in excess of the sum of (A) the amount of available Qualifying Equity Proceeds on such date, plus (B) the Available Basket Amount on such date plus (C) if the Leverage Ratio on such date, calculated on a Pro Forma Basis to give effect to any such Restricted Payment, is less than 3.65 to 1.00, the Available ECF Amount on such date. Notwithstanding the foregoing, so long as no Default shall have occurred and be continuing, Holdings and any of the Subsidiaries may make Restricted Payments in any amount at any time if the Leverage Ratio, calculated on a Pro Forma Basis to give effect to any such Restricted Payment at such time, is less than 2.00 to 1.00.

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(b) None of Holdings, the Borrower or any other Subsidiary will make or agree to pay or make, directly or indirectly, any payment or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Junior Indebtedness, or any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, defeasance, cancellation or termination of any Junior Indebtedness, except:

(i) regularly scheduled interest and principal payments as and when due in respect of any Junior Indebtedness, other than payments in respect of Junior Indebtedness prohibited by the subordination provisions thereof;

(ii) refinancings of Junior Indebtedness to the extent permitted under Section 6.01;

(iii) the conversion of any Junior Indebtedness to Equity Interests (other than Disqualified Equity Interests) of Holdings;

(iv) payments of secured Junior Indebtedness that becomes due as a result of the voluntary Disposition of the assets securing such Junior Indebtedness in transactions permitted hereunder;

(v) payments of or in respect of Junior Indebtedness made solely with Equity Interests in Holdings (other than Disqualified Equity Interests); and

(vi) cash expenditures to purchase, redeem, retire, acquire or defease Junior Indebtedness not in excess, on the date any such expenditure is made, of the sum of (A) the amount of available Qualifying Equity Proceeds on such date, plus (B) the Available Basket Amount on such date plus (C) if the Leverage Ratio on such date, calculated on a Pro Forma Basis to give effect to any such expenditure, is less than 3.65 to 1.00, the Available ECF Amount on such date. Notwithstanding the foregoing, so long as no Default shall have occurred and be continuing, Holdings and any of the Subsidiaries may make cash expenditures to purchase, redeem, retire, acquire or defease Junior Indebtedness in any amount at any time if the Leverage Ratio, calculated on a Pro Forma Basis to give effect to any such purchase, redemption, retirement, acquisition or defeasance at such time, is less than 2.00 to 1.00.

SECTION 6.09. Transactions with Affiliates. None of Holdings, the Borrower or any other Subsidiary will sell, lease, license or otherwise transfer any assets to, or purchase, lease, license or otherwise acquire any assets from, or otherwise engage in any other transactions with, any of its Affiliates, except (a) transactions that are on terms and conditions substantially as favorable to Holdings, the Borrower or such other

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Subsidiary as would be obtainable in arm’s-length transactions with unrelated third parties, (b)(i) transactions between or among the Loan Parties not involving any other Affiliate and (ii) transactions between or among Subsidiaries that are not Loan Parties and not involving any other Affiliate, (c) any Restricted Payment permitted under Section 6.08, (d) issuances by Holdings of Equity Interests (other than Disqualified Equity Interests), and receipt by Holdings of capital contributions, (e) compensation, expense reimbursement and indemnification of, and other employment arrangements with, directors, officers and employees of Holdings, the Borrower or any other Subsidiary entered in the ordinary course of business, (f) Investments permitted under clauses (b), (c), (d), (e), (i), (k), (p) and (r) of Section 6.04 and (g) any transaction (or series of related transactions) with a value of less than $25,000.

SECTION 6.10. Restrictive Agreements. None of Holdings, the Borrower or any other Subsidiary will, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement that restricts or imposes any condition upon (a) the ability of Holdings, the Borrower or any other Subsidiary to create, incur or permit to exist any Lien upon any of its assets to secure any Obligations or (b) the ability of any Subsidiary to pay dividends or other distributions with respect to its Equity Interests or to make or repay loans or advances to Holdings, the Borrower or any other Subsidiary or to Guarantee Indebtedness of Holdings, the Borrower or any other Subsidiary; provided that (i) the foregoing shall not apply to (A) restrictions and conditions imposed by Requirements of Law or by any Loan Document, (B) restrictions and conditions existing on the date hereof identified on Schedule 6.10 and, if such agreement or other arrangement is renewed, extended or refinanced, restrictions and conditions in the agreements or arrangements governing the renewed, extended or refinancing arrangement if such restrictions and conditions are no more restrictive than those contained in the agreements or arrangements governing the arrangement being renewed, extended or refinanced, and (C) in the case of any joint venture or Subsidiary that is not a wholly-owned Subsidiary, restrictions and conditions imposed by its organizational documents or any related joint venture or similar agreement, provided that such restrictions and conditions apply only to such joint venture or Subsidiary and to any Equity Interests in such joint venture or Subsidiary, (ii) clause (a) of the foregoing shall not apply to (A) restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by clause (v) of Section 6.01(a) if such restrictions or conditions apply only to the assets securing such Indebtedness or (B) customary provisions in leases, licensing agreements and other agreements restricting the assignment thereof, (iii) clause (b) of the foregoing shall not apply to (A) customary restrictions and conditions contained in agreements relating to the Disposition of any asset, or all or substantially all of the Equity Interests or assets of any Subsidiary, or a business unit, division, product line or line of business, that are applicable solely pending such sale, provided that such restrictions and conditions apply only to such asset, or such assets or Equity Interests of the Subsidiary, or the business unit, division, product line or line of business, that is to be Disposed of and such Disposition is permitted hereunder, (B) restrictions and conditions imposed by agreements relating to Indebtedness of any Subsidiary in existence at the time such Subsidiary became a Subsidiary and otherwise permitted by clause (vi) of Section 6.01(a), and, if such Indebtedness is renewed, extended or refinanced, restrictions and

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conditions in the agreements governing the renewed, extended or refinancing Indebtedness if such restrictions and conditions are no more restrictive than those contained in the agreements governing the Indebtedness being renewed, extended or refinanced, provided that such restrictions and conditions apply only to such Subsidiary, and (C) restrictions and conditions imposed by agreements relating to Indebtedness of Foreign Subsidiaries permitted under Section 6.01(a), and, if such Indebtedness is renewed, extended or refinanced, restrictions and conditions in the agreements governing the renewed, extended or refinancing Indebtedness if such restrictions and conditions are no more restrictive than those contained in the agreements governing the Indebtedness being renewed, extended or refinanced, provided that such restrictions and conditions apply only to Foreign Subsidiaries, (iv) the foregoing shall not apply to any negative pledges or restrictions on Liens in favor of any holder of Indebtedness permitted under Section 6.01 but solely to the extent any negative pledge relates to the property financed by or the subject of such Indebtedness, (v) the foregoing shall not apply to customary restrictions contained in leases, subleases, or licenses otherwise permitted hereby so long as such restrictions relate only to the assets subject thereto, (vi) the foregoing shall not apply to customary provisions restricting subletting or assignment of any lease governing a leasehold interest of Holdings, the Borrower or any Subsidiary and (vii) the foregoing shall not apply to restrictions imposed by any agreement governing Indebtedness entered into after the Effective Date and permitted under Section 6.01 that are, taken as a whole, in the good faith judgment of the Borrower, no more restrictive with respect to Holdings, the Borrower or any Subsidiary than those contained in this Agreement, so long as (A) the Borrower shall have determined in good faith that such restrictions will not affect (x) the ability of any Subsidiary (other than the Borrower) to pay dividends or make other distributions with respect to its Equity Interests, (y) its or any other Subsidiary’s obligation or ability to make any payments required hereunder or (z) its or any other Subsidiary’s ability to Guarantee the Obligations (to the extent required by the Loan Documents), and (B) the Liens securing the Obligations are permitted thereby. Nothing in this paragraph shall be deemed to modify the requirements set forth in the definition of the term “Collateral and Guarantee Requirement” or the obligations of the Loan Parties under Sections 5.03, 5.04 or 5.12 or under the Security Documents.

SECTION 6.11. Amendment of Material Documents. None of Holdings, the Borrower or any other Subsidiary will amend, modify or waive any of its rights under (a) any agreement or instrument governing or evidencing any Junior Indebtedness or (b) its certificate of incorporation, bylaws or other organizational documents, in each case in a manner materially adverse to the Lenders.

SECTION 6.12. Leverage Ratio. Holdings and the Borrower will not permit the Leverage Ratio on the last day of any fiscal quarter ending during a period set forth below to exceed the ratio set forth opposite the period that includes such day:


Period	Ratio
Effective Date through March 31, 2013		5.75 to 1.00
April 1, 2013 through June 30, 2013		5.50 to 1.00
July 1, 2013 through September 30, 2013		5.00 to 1.00
October 1, 2013 through December 31, 2013		4.75 to 1.00

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Period	Ratio
January 1, 2014 through March 31, 2014		4.25 to 1.00
April 1, 2014 through June 30, 2014		4.00 to 1.00
July 1, 2014 through September 30, 2014		4.00 to 1.00
October 1, 2014 and thereafter		3.75 to 1.00

SECTION 6.13. Interest Coverage Ratio. Holdings and the Borrower will not permit the Interest Coverage Ratio on the last day of any Test Period ending during a period set forth below to be less than the ratio set forth below opposite such period:


Period	Ratio
Effective Date through June 30, 2013		2.50 to 1.00
July 1, 2013 through December 31, 2013		2.75 to 1.00
January 1, 2014 through June 30, 2014		3.00 to 1.00
July 1, 2014 through September 30, 2014		3.25 to 1.00
October 1, 2014 through December 31, 2014		3.50 to 1.00
January 1, 2015 through December 31, 2015		4.00 to 1.00
January 1, 2016 and thereafter		5.00 to 1.00

SECTION 6.14. Fiscal Year. The Borrower will not, and the Borrower will not permit any other Loan Party to, change its fiscal year to end on a date other than December 31; provided, however, that the Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, Holdings, the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders to, make any amendments to this Agreement that are necessary, in the judgment of the Administrative Agent and the Borrower, to reflect such change in fiscal year.

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ARTICLE VII

Events of Default

SECTION 7.01. Events of Default. If any of the following events (“Events of Default”) shall occur:

(a) the Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;

(b) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause (a) of this Section 7.01) payable under this Agreement or any other Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of three Business Days (in the case of any interest) and five Business Days (in the case of any fee or other amount), as applicable;

(c) any representation or warranty made or deemed made by or on behalf of the Borrower or any Subsidiary in or in connection with any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial statement or other information furnished pursuant to any Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made;

(d) the Borrower shall fail to observe or perform any covenant, condition or agreement contained in Section 5.02(a), 5.05 (solely with respect to the existence of the Borrower) or 5.11 or in Article VI; provided that any Event of Default under Section 6.12 or 6.13 is subject to cure as provided in Section 7.02;

(e) any Loan Party shall fail to observe or perform any covenant, condition or agreement contained in any Loan Document (other than those specified in clause (a), (b) or (d) of this Section 7.01), and such failure shall continue unremedied for a period of 30 days after notice thereof from the Administrative Agent or any Lender to the Borrower (with a copy to the Administrative Agent in the case of any such notice from a Lender);

(f) Holdings, the Borrower or any other Subsidiary shall fail to make any payment (whether of principal, interest, termination payment or other payment obligation and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable (after giving effect to any applicable grace period);

(g) any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or permits (with all applicable grace periods having expired) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf, or, in the case of any Hedging Agreement, the applicable counterparty, to cause such Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity or, in the case of any Hedging Agreement, to cause the termination thereof; provided that this clause (g) shall not apply to (A) any secured Indebtedness that becomes due as a result of the voluntary sale, transfer or other disposition of the assets securing such Indebtedness or (B) any Indebtedness that becomes due as a result of a refinancing thereof permitted under Section 6.01;

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(h) one or more ERISA Events shall have occurred that could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect;

(i) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of Holdings, the Borrower or any other Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings, the Borrower or any other Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered;

(j) Holdings, the Borrower or any other Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation (other than any liquidation permitted by clause (vi) of Section 6.03(a)), reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (i) of this Section 7.01, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings, the Borrower or any other Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding or (v) make a general assignment for the benefit of creditors, or the board of directors (or similar governing body) of Holdings, the Borrower or any other Subsidiary (or any committee thereof) shall adopt any resolution or otherwise authorize any action to approve any of the actions referred to above in this clause (j) or clause (i) of this Section 7.01;

(k) one or more judgments for the payment of money in an aggregate amount in excess of $5,000,000 (other than any such judgment paid or covered by insurance (other than under a self-insurance program) to the extent a claim therefor has been made in writing and liability therefor has not been denied by the insurer), shall be rendered against Holdings, the Borrower, any other Subsidiary or any combination thereof and the same shall remain undischarged for a period of 60 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of Holdings, the Borrower or any other Subsidiary to enforce any such judgment;

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(1) any Lien purported to be created under any Security Document shall cease to be, or shall be asserted by any Loan Party not to be, a valid and perfected Lien on any material portion of the Collateral, with the priority required by the applicable Security Document, except as a result of (i) a sale, transfer or other disposition of the applicable Collateral in a transaction permitted under the Loan Documents or (ii) the Administrative Agent’s failure to file Uniform Commercial Code continuation statements or maintain possession of any certificate, promissory note or other instrument delivered to it under the Security Documents;

(m) any Guarantee of a Loan Party purported to be created under any Loan Document shall cease to be, or shall be asserted by any Loan Party not to be, in full force and effect, except upon the consummation of any transaction permitted under this Agreement; or

(n) a Change in Control shall occur;

then, and in every such event (other than an event with respect to Holdings or the Borrower described in clause (i) or (j) of this Section 7.01), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to Holdings and the Borrower, take any or all of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part (but ratably as among the Classes of Loans and the Loans of each Class at the time outstanding), in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower hereunder, shall become due and payable immediately, in each case without presentment, demand, protest or other notice of any kind, all of which are hereby waived by Holdings and the Borrower; and in the case of any event with respect to Holdings or the Borrower described in clause (i) or (j) of this Section 7.01, the Commitments shall automatically terminate, and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower hereunder, shall immediately and automatically become due and payable, in each case without presentment, demand, protest or other notice of any kind, all of which are hereby waived by Holdings and the Borrower.

SECTION 7.02. Right to Cure. (a) Notwithstanding anything to the contrary contained in Section 7.01, in the event that the Borrower fails (or, but for the operation of this Section 7.02, would fail) to comply with any of the financial covenants set forth in Sections 6.12 and 6.13 and until the expiration of the 10th Business Day after the date on which financial statements are required to be delivered with respect to the applicable fiscal quarter hereunder (the “Cure Deadline”), Holdings may engage in a sale or issuance of any Qualified Equity Interests of Holdings or otherwise receive cash contributions to the capital of Holdings as cash common equity or other non-cash pay Qualified Equity Interests and increase Consolidated EBITDA with respect to such

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applicable fiscal quarter and any four fiscal quarter period that contains such fiscal quarter, by an amount equal to such net cash proceeds; provided that such net cash proceeds (i) are actually received by the Borrower (including through capital contribution of such net cash proceeds by Holdings to the Borrower) no later than 10 Business Days after the date on which financial statements are required to be delivered with respect to such fiscal quarter hereunder, and (ii) do not exceed the aggregate amount necessary to comply with Sections 6.12 and 6.13 for any applicable period. If, after giving effect to the foregoing increase in Consolidated EBITDA, Holdings and the Borrower shall then be in compliance with the requirements of Sections 6.12 and 6.13, Holdings and the Borrower shall be deemed to have satisfied such requirements as of the relevant date of determination with the same effect as though there had been (or would have been) no failure to comply therewith at such date, and the failure to comply that occurred (or would have occurred) shall be deemed cured for purposes of this Agreement. The parties hereby acknowledge that this Section 7.02(a) may not be relied on for purposes of calculating any financial ratios other than as applicable to Sections 6.12 and 6.13 and shall not result in any adjustment to any amounts other than the amount of the Consolidated EBITDA referred to in the immediately preceding sentence. Upon receipt by the Administrative Agent of written notice, on or prior to the Cure Deadline, that the Borrower intends to exercise the cure right described above in this Section 7.02(a) in respect of a fiscal quarter, none of the Administrative Agent or the Lenders shall be permitted to accelerate Loans held by them or to exercise remedies against the Collateral on the basis of a failure to comply with the requirements of any financial covenant set forth in Section 6.12 or 6.13, unless such failure is not cured pursuant to the exercise of such cure right on or prior to the Cure Deadline.

(b) In each period of four fiscal quarters, there shall be at least two fiscal quarters in which no cure set forth in Section 7.02(a) is made.

ARTICLE VIII

The Administrative Agent

Each of the Lenders and the Issuing Banks hereby irrevocably appoints the entity named as Administrative Agent in the heading of this Agreement and its successors to serve as administrative agent and collateral agent under the Loan Documents, and authorizes the Administrative Agent to take such actions and to exercise such powers as are delegated to the Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. In addition, to the extent required under the laws of any jurisdiction other than the United States of America, each of the Lenders and the Issuing Banks hereby grants to the Administrative Agent any required powers of attorney to execute any Security Document governed by the laws of such jurisdiction on such Lender’s or Issuing Bank’s behalf.

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The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender or an Issuing Bank as any other Lender or Issuing Bank and may exercise the same as though it were not the Administrative Agent, and such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with Holdings, the Borrower or any other Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or to exercise any discretionary power, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith to be necessary, under the circumstances as provided in the Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion, could expose the Administrative Agent to liability or be contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Bankruptcy Event or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Bankruptcy Event, and (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to Holdings, the Borrower, any Subsidiary or any other Affiliate of any of the foregoing that is communicated to or obtained by the Person serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith to be necessary, under the circumstances as provided in the Loan Documents) or in the absence of its own gross negligence or wilful misconduct, as determined by a court of competent jurisdiction by a final and non-appealable judgment. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by Holdings, the Borrower, a Lender or an Issuing Bank, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document or the occurrence of any Default, (iv) the sufficiency, validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan

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Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent or satisfaction of any condition that expressly refers to the matters described therein being acceptable or satisfactory to the Administrative Agent. Notwithstanding anything herein to the contrary, the Administrative Agent shall not have any liability arising from any confirmation of the Revolving Exposure or the component amounts thereof.

The Administrative Agent shall be entitled to rely, and shall not incur any liability for relying, upon any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the signatory, sender or authenticator thereof). The Administrative Agent also shall be entitled to rely, and shall not incur any liability for relying, upon any statement made to it orally or by telephone and believed by it to be made by the proper Person (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the signatory, sender or authenticator thereof), and may act upon any such statement prior to receipt of written confirmation thereof. The Administrative Agent may consult with legal counsel (who may be counsel for Holdings or the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

The Administrative Agent may perform any of and all its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any of and all their duties and exercise their rights and powers through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent.

Subject to the terms of this paragraph, the Administrative Agent may resign at any time from its capacity as such. In connection with such resignation, the Administrative Agent shall give notice of its intent to resign to the Lenders, the Issuing Banks and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its intent to resign, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent, which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan

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Documents. The fees payable by Holdings and the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed by Holdings, the Borrower and such successor. Notwithstanding the foregoing, in the event no successor Administrative Agent shall have been so appointed and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its intent to resign, the retiring Administrative Agent may give notice of the effectiveness of its resignation to the Lenders, the Issuing Banks and the Borrower, whereupon, on the date of effectiveness of such resignation stated in such notice, (a) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents, provided that, solely for purposes of maintaining any security interest granted to the Administrative Agent under any Security Document for the benefit of the Secured Parties, the retiring Administrative Agent shall continue to be vested with such security interest as collateral agent for the benefit of the Secured Parties and, in the case of any Collateral in the possession of the Administrative Agent, shall continue to hold such Collateral, in each case until such time as a successor Administrative Agent is appointed and accepts such appointment in accordance with this paragraph (it being understood and agreed that the retiring Administrative Agent shall have no duty or obligation to take any further action under any Security Document, including any action required to maintain the perfection of any such security interest), and (b) the Required Lenders shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, provided that (i) all payments required to be made hereunder or under any other Loan Document to the Administrative Agent for the account of any Person other than the Administrative Agent shall be made directly to such Person and (ii) all notices and other communications required or contemplated to be given or made to the Administrative Agent shall also directly be given or made to each Lender and each Issuing Bank. Following the effectiveness of the Administrative Agent’s resignation from its capacity as such, the provisions of this Article and Section 9.03, as well as any exculpatory, reimbursement and indemnification provisions set forth in any other Loan Document, shall continue in effect for the benefit of such retiring Administrative Agent, its subagents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent and in respect of the matters referred to in the proviso under clause (a) above.

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

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Each Lender, by delivering its signature page to this Agreement and funding its Loans on the Effective Date, or delivering its signature page to an Assignment and Assumption or an Incremental Facility Agreement pursuant to which it shall become a Lender hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be delivered to, or be approved by or satisfactory to, the Administrative Agent or the Lenders on the Effective Date.

No Secured Party shall have any right individually to realize upon any of the Collateral or to enforce any Guarantee of the Obligations, it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Administrative Agent on behalf of the Secured Parties in accordance with the terms thereof. In the event of a foreclosure by the Administrative Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Administrative Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition, and the Administrative Agent, as agent for and representative of the Secured Parties (but not any Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Loan Document Obligations as a credit on account of the purchase price for any collateral payable by the Administrative Agent on behalf of the Secured Parties at such sale or other disposition. Each Secured Party, whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral and of the Guarantees of the Obligations provided under the Loan Documents, to have agreed to the foregoing provisions.

In furtherance of the foregoing and not in limitation thereof, no Hedging Agreement, agreement with respect to cash management obligations or other agreement (other than the Loan Documents) the obligations under which constitute Obligations will create (or be deemed to create) in favor of any Secured Party that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Loan Party under any Loan Document. By accepting the benefits of the Collateral, each Secured Party that is a party to any such Hedging Agreement or other agreement shall be deemed to have appointed the Administrative Agent to serve as administrative agent and collateral agent under the Loan Documents and agreed to be bound by the Loan Documents as a Secured Party thereunder, subject to the limitations set forth in this paragraph.

Notwithstanding anything herein to the contrary, neither the Arrangers nor any Person named on the cover page of this Agreement as a Syndication Agent or a Documentation Agent shall have any duties or obligations under this Agreement or any other Loan Document (except in its capacity, as applicable, as a Lender or an Issuing Bank), but all such Persons shall have the benefit of the indemnities provided for hereunder.

The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Banks, and none of Holdings, the Borrower or any other Loan Party shall have any rights as a third party beneficiary of any such provisions (other than the Borrower’s consultation right set forth in the sixth paragraph of this Article VIII).

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ARTICLE IX

Miscellaneous

SECTION 9.01. Notices. (a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by fax, as follows:

(i) if to Holdings or the Borrower, to it at XxxxxxXxxxxx.xxx, LLC, 000 Xxxxxxxx Xxxxxx, Xxxxx 000, Xxxx Xxxx, XX 00000, Attention of Senior Vice President, Business Operations and Finance (Fax No. (000) 000-0000) (email: xxx@xxxxxxxxxxxx.xxx) with a copy to Legal Department (email: xxxxx@xxxxxxxxxxxx.xxx);

(ii) if to the Administrative Agent, to JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 000 Xxxxxxx Xxxxxxxxxx Xxxx, Xxxxxx, XX 00000, Attention of Xxxxxxx Xxxxxx (Telephone No. (000) 000-0000; Fax No. 000-000-0000) (email: xxxxxxx.x.xxxxxx@xxxxxxxx.xxx), with a copy to JPMorgan Chase Bank, N.A., 000 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000, Attention of Xxx X. Xxxxx (Fax No. (000) 000-0000) (email: xxx.x.xxxxx@xxxxxxxx.xxx);

(iii) if to any Issuing Bank, to it at its address (or fax number) most recently specified by it in a notice delivered to the Administrative Agent and the Borrower (or, in the absence of any such notice, to the address (or fax number) set forth in the Administrative Questionnaire of the Lender that is serving as such Issuing Bank or is an Affiliate thereof);

(iv) if to the Swingline Lender, to it at its address (or fax number) most recently specified by it in a notice delivered to the Administrative Agent and the Borrower (or, in the absence of any such notice, to the address (or fax number) set forth in the Administrative Questionnaire of the Lender that is serving as Swingline Lender or is an Affiliate thereof); and

(v) if to any other Lender, to it at its address (or fax number) set forth in its Administrative Questionnaire.

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

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(b) Notices and other communications to the Lenders and Issuing Banks hereunder may be delivered or furnished by electronic communications (including email and Internet and intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices under Article II to any Lender or Issuing Bank if such Lender or Issuing Bank, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. Any notices or other communications to the Administrative Agent, Holdings or the Borrower may be delivered or furnished by electronic communications pursuant to procedures approved by the recipient thereof prior thereto; provided that approval of such procedures may be limited or rescinded by any such Person by notice to each other such Person.

(c) Any party hereto may change its address or fax number for notices and other communications hereunder by notice to the other parties hereto (or, in the case of Holdings and the Borrower, by notice to the Administrative Agent).

SECTION 9.02. Waivers; Amendments. (a) No failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. Without limiting the generality of the foregoing, the execution and delivery of this Agreement, the making of a Loan or the issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time.

(b) Except as provided in Sections 2.21 and 2.22 and in the Collateral Agreement, none of this Agreement, any other Loan Document or any provision hereof or thereof may be waived, amended or modified except, in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by Holdings, the Borrower and the Required Lenders (or the Administrative Agent with the consent of the Required Lenders) and, in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Loan Party or Loan Parties that are parties thereto, in each case with the consent of the Required Lenders, provided that (i) any provision of this Agreement or any other Loan Document may be amended by an agreement in writing entered into by Holdings, the

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Borrower and the Administrative Agent to cure any ambiguity, omission, defect or inconsistency so long as, in each case, the Lenders shall have received at least five Business Days’ prior written notice thereof and the Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment and (ii) no such agreement shall (A) increase the Commitment of any Lender without the written consent of such Lender (it being understood that a waiver of any condition precedent or the waiver of any Default, Event of Default or mandatory prepayment shall not constitute an increase of any Commitment), (B) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon (other than as a result of any waiver of any increase in the interest rate applicable to any Loan pursuant to Section 2.13(c), it being understood that a waiver of a Default shall not constitute a reduction of interest for this purpose), or reduce any fees payable hereunder, without the written consent of each Lender directly affected thereby, (C) postpone the scheduled maturity date of any Loan, or the date of any scheduled payment of the principal amount of any Term Loan under Section 2.10, or the required date of reimbursement of any LC Disbursement, or any date for the payment of any interest or fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender directly affected thereby, (D) except as provided in Sections 2.21 or 2.22, change Section 2.18(b) or 2.18(c) in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender, (E) except pursuant to an Incremental Facility Amendment or a Permitted Amendment to reflect a new Class of Loans or Commitments hereunder, change any of the provisions of this Section or the percentage set forth in the definition of the term “Required Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender (or each Lender of such Class, as the case may be); provided that, with the consent of the Required Lenders, the provisions of this Section and the definition of the term “Required Lenders” may be amended to include references to any new class of loans created under this Agreement (or to lenders extending such loans) on substantially the same basis as the corresponding references relating to the existing Classes of Loans or Lenders, (F) release Guarantees constituting all or substantially all the value of the Guarantees under the Collateral Agreement, or limit the liability of Loan Parties in respect of Guarantees constituting such value, or limit its liability in respect thereof, in each case without the written consent of each Lender, (G) release all or substantially all the Collateral from the Liens of the Security Documents, without the written consent of each Lender (except as expressly provided in Section 9.14 or the applicable Security Document (including any such release by the Administrative Agent in connection with any sale or other disposition of the Collateral upon the exercise of remedies under the Security Documents), it being understood that an amendment or other modification of the type of obligations secured by the Security Documents shall not be deemed to be a release of the Collateral from the Liens of the Security Documents), or (II) change any provisions of any Loan Document in a manner that by its terms adversely affects the rights in respect of Collateral or payments due to Lenders holding Loans of

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any Class differently than those holding Loans of any other Class, without the written consent of Lenders representing a Majority in Interest of each affected Class; provided further that (1) no such agreement shall amend, modify, extend or otherwise affect the rights or obligations of the Administrative Agent, any Issuing Bank or the Swingline Lender without the prior written consent of the Administrative Agent, such Issuing Bank or the Swingline Lender, as the case may be, and (2) any amendment, waiver or other modification of this Agreement that by its terms affects the rights or duties under this Agreement of the Lenders of a particular Class (but not the Lenders of any other Class), may be effected by an agreement or agreements in writing entered into by Holdings, the Borrower and the requisite number or percentage in interest of the affected Class of Lenders that would be required to consent thereto under this Section if such Class of Lenders were the only Class of Lenders hereunder at the time. Notwithstanding the foregoing, no consent with respect to any amendment, waiver or other modification of this Agreement or any other Loan Document shall be required of (x) any Defaulting Lender, except with respect to any amendment, waiver or other modification referred to in clause (A), (B), (C) or (D) of the first proviso of this paragraph and then only in the event such Defaulting Lender shall be directly and adversely affected by such amendment, waiver or other modification or (y) in the case of any vote requiring the approval of all Lenders or each affected Lender, any Lender that receives payment in full of the principal of and interest accrued on each Loan made by, and all other amounts owing to, such Lender or accrued for the account of such Lender under this Agreement and the other Loan Documents at the time such amendment, waiver or other modification becomes effective and whose Commitments terminate by the terms and upon the effectiveness of such amendment, waiver or other modification.

(c) The Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, waivers or other modifications on behalf of such Lender. Any amendment, waiver or other modification effected in accordance with this Section 9.02 shall be binding upon each Person that is at the time thereof a Lender and each Person that subsequently becomes a Lender.

Notwithstanding anything to the contrary herein, in connection with any amendment, modification, waiver or other action requiring the consent or approval of Required Lenders, Lenders that are Debt Fund Affiliates shall not be permitted, in the aggregate, to account for more than 49% of the amounts actually included in determining whether the threshold in the definition of Required Lenders has been satisfied. The voting power of each Lender that is a Debt Fund Affiliate shall be reduced, pro rata, to the extent necessary in order to comply with the immediately preceding sentence. For the avoidance of doubt, Holdings and its Subsidiaries shall not be entitled to consent or vote in its or their capacity as a Lender with respect to any amendment, modification, waiver or other action requiring the consent or approval of any Lenders.

SECTION 9.03. Expenses; Indemnity; Damage Waiver. (a) Holdings and the Borrower shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Arrangers and their Affiliates, including expenses incurred in connection with due diligence and the reasonable and documented fees, charges and disbursements of Cravath, Swaine & Xxxxx LLP and one firm of local

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counsel in each appropriate jurisdiction, in connection with the structuring, arrangement and syndication of the credit facilities provided for herein and any credit or similar facility refinancing or replacing, in whole or in part, any of the credit facilities provided for herein, including the preparation, execution and delivery of the Engagement Letter and the Fee Letter, as well as the preparation, execution, delivery and administration of this Agreement, the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, any Issuing Bank and the Lenders, including the fees, charges and disbursements of one primary counsel and one firm of local counsel in each appropriate jurisdiction, in connection with the enforcement or protection of its rights in connection with the Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit.

(b) Holdings and the Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), the Arrangers, each Syndication Agent, the Documentation Agent, each Lender and each Issuing Bank (each such Person, an “Indemnified Institution”), and each Related Party of any of the foregoing Persons (each Indemnified Institution and each such Person being called an “Indemnitee”), against, and hold each Indemnitee harmless from, any and all losses, claims, damages, penalties, liabilities and related expenses, including the reasonable and documented out-of-pocket fees, charges and disbursements of counsel (limited to reasonable fees, disbursements and other charges of one primary counsel for all Indemnitees, taken as a whole, and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees, taken as a whole (and, in the case of an actual or perceived conflict of interest, where an Indemnified Institution affected by such conflict informs the Borrower of such conflict and thereafter retains its own counsel, of another firm of counsel for such affected Indemnified Institution)), incurred by or asserted against any Indemnitee arising out of or relating to, based upon, or as a result of (i) the structuring, arrangement and the syndication of the credit facilities provided for herein, the preparation, execution, delivery and administration of the Engagement Letter, the Fee Letter, this Agreement, the other Loan Documents or any other agreement or instrument contemplated hereby or thereby, the performance by the parties to the Engagement Letter, the Fee Letter, this Agreement or the other Loan Documents of their obligations thereunder or the consummation of the Transactions or any other transactions contemplated thereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any Mortgaged Property or any other property currently or formerly owned or operated by Holdings, the Borrower or any other Subsidiary, or any Environmental Liability related in any way to Holdings, the Borrower or any other Subsidiary or (iv) any actual or prospective claim, litigation, investigation or proceeding

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relating to any of the foregoing, whether based on contract, tort or any other theory and whether initiated against or by any party to the Engagement Letter, the Fee Letter, this Agreement or any other Loan Document, any Affiliate of any of the foregoing or any third party (and regardless of whether any Indemnitee is a party thereto and regardless of whether such claim, litigation or proceeding is brought by a third party or by Holdings, the Borrower or any of the Subsidiaries); provided that such indemnity shall not, as to any Indemnified Institution, be available to the extent that such losses, claims, damages, liabilities or related expenses (i) are determined by a court of competent jurisdiction in a final and non-appealable decision to have resulted from (A) the gross negligence or willful misconduct of such Indemnified Institution or any of its Related Parties or (B) a breach by such Indemnified Institution or one of its Related Parties of a material obligation under this Agreement or the other Loan Documents in bad faith or (ii) have resulted from any proceeding that does not involve an act or omission by the Borrower or any of its Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than the Administrative Agent (and any sub-agent thereof), any Syndication Agent, the Documentation Agent or any Arranger acting in its capacity as such).

(c) To the extent that Holdings and the Borrower fail to pay any amount required to be paid by them under paragraph (a) or (b) of this Section to the Administrative Agent (or any sub-agent thereof), any Issuing Bank, the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), such Issuing Bank, the Swingline Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or such sub-agent), such Issuing Bank or the Swingline Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), any Issuing Bank or the Swingline Lender in connection with such capacity. For purposes of this Section, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the total Revolving Exposures, outstanding Term Loans and unused Commitments at the time (or most recently outstanding and in effect).

(d) To the extent permitted by applicable law, neither Holdings nor the Borrower shall assert, or permit any of their Affiliates or Related Parties to assert, and each hereby waives, any claim against any Indemnitee for any damages arising from the use by others of information or other materials obtained through telecommunications, electronic or other information transmission systems (including the Internet) in the absence of willful misconduct or gross negligence (as determined by a court of competent jurisdiction in a final, non-appealable decision). To the extent permitted by applicable law, no party hereto shall assert, or permit any of its Affiliates or Related Parties to assert, and each hereby waives, any claim against any Indemnitee or any other party hereto or its Affiliates on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof; provided, however, that nothing contained in this sentence will limit the indemnity and reimbursement obligations of Holdings and the Borrower set forth in this Section.

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(e) All amounts due under this Section shall be payable promptly after written demand therefor.

SECTION 9.04. Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), except that (i) neither Holdings nor the Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender (and any attempted assignment or transfer by Holdings or the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section), the Arrangers, the Syndication Agents, the Documentation Agent and, to the extent expressly contemplated hereby, the sub-agents of the Administrative Agent and the Related Parties of any of the Administrative Agent, the Arranger, any Issuing Bank and any Lender) any legal or equitable right, remedy or claim under or by reason of this Agreement.

(b) (i) Notwithstanding anything to the contrary contained herein, other than as expressly permitted under Sections 2.23, 9.04(e) or 9.04(f), neither the Borrower nor any Affiliate of the Borrower may acquire by assignment, participation or otherwise any right to or interest in any of the Commitments or Term Loans hereunder (and any such attempted acquisition shall be null and void). Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld) of:

(A) the Borrower; provided that no consent of the Borrower shall be required (1) for an assignment to a Lender, an Affiliate of a Lender or an Approved Fund and (2) if an Event of Default under paragraph (a), (b), (i) or (j) of Section 7.01 has occurred and is continuing, for any other assignment; provided further that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice (which notice may be delivered by e-mail) to the Administrative Agent within 10 Business Days after having received written notice (which notice may be delivered by e-mail) thereof; and

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(B) the Administrative Agent; provided that no consent of the Administrative Agent shall be required for an assignment of any Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund; and

(C) each Issuing Bank, in the case of any assignment of all or a portion of a Revolving Commitment or any Lender’s obligations in respect of its LC Exposure; and

(D) the Swingline Lender, in the case of any assignment of all or a portion of a Revolving Commitment or any Lender’s obligations in respect of its Swingline Exposure.

(ii) Assignments shall be subject to the following additional conditions:

(A) except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than $1,000,000, in the case of assignments of Term Loans, and $5,000,000, in the case of assignments of Revolving Commitments, in each case unless each of the Borrower and the Administrative Agent otherwise consents; provided that no such consent of the Borrower shall be required if an Event of Default has occurred and is continuing;

(B) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement; provided that this clause (B) shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans but not those in respect of a second Class;

(C) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500, provided that (i) only one such processing and recordation fee shall be payable in the event of simultaneous assignments from any Lender or its Approved Funds to one or more other Approved Funds of such Lender and (ii) no such fee will be payable in respect of an assignment by any Initial Lender during the primary syndication of the Term Loans and the Revolving Commitments; and

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(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire in which the assignee designates one or more credit contacts to whom all syndicate-level information (which may contain MNPI) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable law, including Federal, State and foreign securities laws.

(iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(v) of this Section, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 9.03).

(iv) The Administrative Agent shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and records of the names and addresses of the Lenders, and the Commitment of, and principal amount of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and Holdings, the Borrower, the Administrative Agent, the Issuing Banks and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and, as to entries pertaining to it, any Issuing Bank or Lender, at any reasonable time and from time to time upon reasonable prior notice.

(v) Upon receipt by the Administrative Agent of an Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder) and the processing and recordation fee referred to in this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register; provided that the Administrative Agent shall not be required to accept such Assignment and Assumption or so record the information contained therein if the Administrative Agent reasonably believes that such Assignment and Assumption lacks any written consent required by this Section or is otherwise not in proper form, it being acknowledged that the Administrative Agent shall have no duty or obligation (and shall incur no liability) with respect to obtaining (or confirming the receipt) of any such written consent or with respect to the form of (or any defect in) such Assignment and Assumption, any such duty and obligation being solely with the assigning Lender and the assignee. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the

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Register as provided in this paragraph, and following such recording, unless otherwise determined by the Administrative Agent (such determination to be made in the sole discretion of the Administrative Agent, which determination may be conditioned on the consent of the assigning Lender and the assignee), shall be effective notwithstanding any defect in the Assignment and Assumption relating thereto. Each assigning Lender and the assignee, by its execution and delivery of an Assignment and Assumption, shall be deemed to have represented to the Administrative Agent that all written consents required by this Section with respect thereto (other than the consent of the Administrative Agent) have been obtained and that such Assignment and Assumption is otherwise duly completed and in proper form, and each assignee, by its execution and delivery of an Assignment and Assumption, shall be deemed to have represented to the assigning Lender and the Administrative Agent that such assignee is an Eligible Assignee.

(c) Any Lender may, without the consent of the Borrower, the Administrative Agent or any Issuing Bank, sell participations to one or more Eligible Assignees (“Participants”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitments and Loans of any Class); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) Holdings, the Borrower, the Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement or any other Loan Document; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 9.02(b) that affects such Participant or requires the approval of all the Lenders. Holdings and the Borrower agree that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 (subject to the requirements and limitations therein, including the requirements under Section 2.17(f) (it being understood that the documentation required under Section 2.17(f) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (x) agrees to be subject to the provisions of Sections 2.18 and 2.19 as if it were an assignee under paragraph (b) of this Section and (y) shall not be entitled to receive any greater payment under Section 2.15 or 2.17, with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.18(c) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a

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register on which it enters the name and address of each Participant to which it has sold a participation and the principal amounts (and stated interest) of each such Participant’s interest in the Loans or other rights and obligations of such Lender under this Agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments or Loans or other rights and obligations under any this Agreement) except to the extent that such disclosure is necessary to establish that such Commitment or Loan or other right or obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

(d) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

(e) Purchasing Borrower Parties. Notwithstanding anything to the contrary contained in this Agreement, any Lender may assign all or a portion of its Term Loans to any Purchasing Borrower Party in accordance with this Section 9.04(e) (which assignment will not constitute a prepayment of Loans for any purpose of this Agreement and the other Loan Documents); provided that:

(i) no Default or Event of Default has occurred and is continuing or would result therefrom;

(ii) each such assignment in connection with an Auction Purchase Offer shall be conducted in accordance with the procedures, terms and conditions set forth in Section 2.23;

(iii) the assigning Lender and the Purchasing Borrower Party purchasing such Lender’s Term Loans, as applicable, shall execute and deliver to the Administrative Agent an Affiliated Assignment and Assumption in lieu of an Assignment and Assumption;

(iv) for the avoidance of doubt, the Lenders shall not be permitted to assign Revolving Commitments or Revolving Loans to any Purchasing Borrower Party;

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(v) any Term Loans assigned to any Purchasing Borrower Party shall be automatically and permanently cancelled upon the effectiveness of such assignment and will thereafter no longer be outstanding for any purpose hereunder and such Term Loans may not be resold (it being understood and agreed that (A) any gains or losses by any Purchasing Borrower Party upon purchase or acquisition and cancellation of such Term Loans shall not be taken into account in the calculation of Excess Cash Flow, Consolidated Net Income and Consolidated EBITDA and (B) any assignment of Term Loans pursuant to this Section 9.04(e) shall not constitute a voluntary or mandatory prepayment of Term Loans for purposes of this Agreement);

(vi) any Purchasing Borrower Party shall not have at the time of such assignment (and shall represent and warrant at the time of such assignment that it does not have) any MNPI that either (A) has not been disclosed to the assigning Lender (other than any such Lender that does not wish to receive MNPI) on or prior to the date of any assignment to such Purchasing Borrower Party or (B) if not disclosed to such Lender, could reasonably be expected to have a material effect upon, or otherwise be material to, (1) such Lender’s decision to make such assignment or (2) the market price of the Term Loans to be assigned to such Purchasing Borrower Party;

(vii) no Purchasing Borrower Party may use the proceeds, direct or indirect, from Revolving Loans to purchase any Term Loans;

(viii) no Purchasing Borrower Party shall have any right to (A) attend (including by telephone) any meeting or discussions (or portion thereof) among the Administrative Agent or any Lender to which representatives of Holdings and its Subsidiaries are not invited, (B) receive any information or material prepared by the Administrative Agent or any Lender or any communication by or among the Administrative Agent and/or one or more Lenders, except to the extent such information or materials have been made available to Holdings, any Subsidiary or their respective representatives or (C) make or bring (or participate in, other than as a passive participant in or recipient of its pro rata benefits of) any claim, in its capacity as a Lender, against the Administrative Agent with respect to any duties or obligations or alleged duties or obligations of such agent under the Loan Documents, other than any claims relating to such Lender’s rights hereunder; and

(ix) no Term Loan may be assigned to a Purchasing Borrower Party pursuant to this Section 9.04(e) if, after giving effect to such assignment, Purchasing Affiliated Lenders and Purchasing Borrower Parties in the aggregate would own in excess of 10% of all Term Loans then outstanding; provided that, solely for purposes of making such determination, all Term Loans assigned to any Purchasing Borrower Party at any time pursuant to this Section 9.04(e) (and excluding, for the avoidance of doubt, any Term Loans assigned to any Purchasing Borrower Party as a result of a Auction Purchase Offer) shall be deemed to be outstanding and held by a Purchasing Borrower Party at the time of such determination.

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(f) Purchasing Affiliated Lenders. Notwithstanding anything else to the contrary contained in this Agreement, any Lender may assign all or a portion of its Term Loans to any Purchasing Affiliated Lender in accordance with this paragraph; provided that:

(i) no Default or Event of Default has occurred and is continuing at the time of such assignment or would result therefrom;

(ii) the assigning Lender and the Purchasing Affiliated Lender purchasing such Lender’s Term Loans, as applicable, shall execute and deliver to the Administrative Agent an Affiliated Assignment and Assumption in lieu of an Assignment and Assumption;

(iii) the requirements of Section 9.04(b) (other than the requirement to deliver an Assignment and Assumption) shall have been satisfied with respect to each such assignment as if such Purchasing Affiliated Lender were an Eligible Assignee;

(iv) for the avoidance of doubt, Lenders shall not be permitted to assign Revolving Commitments or Revolving Exposure to any Purchasing Affiliated Lender;

(v) no Term Loan may be assigned to a Purchasing Affiliated Lender pursuant to this Section 9.04(f) if, after giving effect to such assignment, the Purchasing Affiliated Lenders in the aggregate would own in excess of 20% of the principal amount of all Term Loans then outstanding;

(vi) the Purchasing Affiliated Lender shall not have at the time of such assignment (and shall represent and warrant at the time of such assignment that it does not have) any MNPI that either (A) has not been disclosed to the assigning Lender (other than any such Lender that does not wish to receive MNPI) on or prior to the date of any assignment to such Purchasing Affiliated Lender or (B) if not disclosed to such Lender, could reasonably be expected to have a material effect upon, or otherwise be material to (1) such Lender’s decision to make such assignment or (2) the market price of the Term Loans to be assigned to such Purchasing Affiliated Lender;

(vii) no Purchasing Affiliated Lender (other than a Debt Fund Affiliate that has and maintains information barriers in place restricting the sharing of investment-related and other information between it and any Major Stockholder) shall have any right to (A) attend (including by telephone) any meeting or discussions (or portion thereof) among the Administrative Agent or any Lender to which representatives of Holdings and its Subsidiaries are not invited, (B) receive any information or material prepared by the Administrative Agent or any Lender or any communication by or among the Administrative Agent and/or one or more Lenders, except to the extent such information or materials have been made available to Holdings, any Subsidiary or their respective representatives (and in

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any case, other than the right to receive notices of prepayments and other administrative notices in respect of its Loans required to be delivered to Lenders pursuant to Article II) or (C) make or bring (or participate in, other than as a passive participant in or recipient of its pro rata benefits of) any claim, in its capacity as a Lender, against the Administrative Agent with respect to any duties or obligations or alleged duties or obligations of such agent under the Loan Documents, other than any claims relating to such Lender’s rights hereunder;

(viii) notwithstanding anything in Section 9.02 or the definition of the terms “Required Lenders” or “Majority in Interest” to the contrary, for purposes of determining whether the Required Lenders or any other requisite class vote required by this Agreement (but not for any matter requiring the vote of all or any affected Lenders) have (i) consented (or not consented) to any amendment, modification, waiver, consent or other action with respect to any of the terms of any Loan Document or any departure by any Loan Party therefrom, (ii) otherwise acted on any matter related to any Loan Document or (iii) directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under any Loan Document, all Term Loans held by any Purchasing Affiliated Lender (other than a Debt Fund Affiliate) shall be deemed to be not outstanding for all purposes of calculating whether the Required Lenders, or the requisite vote of any class of Lender have taken any actions;

(ix) each Purchasing Affiliated Lender (other than any Debt Fund Affiliate), solely in its capacity as a Lender, hereby agrees that if any Loan Party shall be subject to any voluntary or involuntary proceeding commenced under any Debtor Relief Laws (“Bankruptcy Proceedings”), (i) such Purchasing Affiliated Lender shall not take any step or action in such Bankruptcy Proceeding to object to, impede or delay the exercise of any right or the taking of any action by the Administrative Agent (or the taking of any action by a third party that is supported by the Administrative Agent) in relation to such Purchasing Affiliated Lender’s claim with respect to its Term Loans (a “Claim”) (including objecting to any debtor in possession financing, use of cash collateral, grant of adequate protection, sale or disposition, compromise, or plan of reorganization) so long as such Purchasing Affiliated Lender is treated in connection with such exercise or action on the same or better terms as the other Lenders and (ii) with respect to any matter requiring the vote of Lenders during the pendency of a Bankruptcy Proceeding (including voting on any plan of reorganization), the Term Loans held by such Purchasing Affiliated Lender (and any Claim with respect thereto) shall be deemed to have voted its interest as a Lender without discretion in the same proportion as the allocation of voting with respect to such matter by Lenders who are not Purchasing Affiliated Lenders, so long as such Purchasing Affiliated Lender is treated in connection with the exercise of such right or taking of such action on the same or better terms as the other Lenders. For the avoidance of doubt, the Lenders and each Purchasing Affiliated Lender agree and acknowledge that the provisions set forth in this clause (ix) of Section 9.04(f), and the related provisions set forth in each Affiliated Lender Assignment, constitute a

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“subordination agreement” as such term is contemplated by, and utilized in, Section 510(a) of the Bankruptcy Code, and, as such, would be enforceable for all purposes in any case where a Loan Party has filed for protection under any Debtor Relief Law applicable to the Loan Party (it being understood and agreed that the foregoing shall not cause the Term Loans held by any Purchasing Affiliated Lender to be subordinated in right of payment to any other Obligations); and

(x) no Term Loan may be assigned to a Purchasing Affiliated Lender pursuant to this Section 9.04(f) if, after giving effect to such assignment, Purchasing Affiliated Lenders and Purchasing Borrower Parties in the aggregate would own in excess of 10% of all Term Loans then outstanding; provided that, solely for purposes of making such determination, all Term Loans assigned to any Purchasing Borrower Party at any time pursuant to Section 9.04(e) (and excluding, for the avoidance of doubt, any Term Loans assigned to any Purchasing Borrower Party as a result of a Auction Purchase Offer) shall be deemed to be outstanding and held by a Purchasing Borrower Party at the time of such determination.

SECTION 9.05. Survival. All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, the Arrangers, the Syndication Agents, the Documentation Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any Loan Document is executed and delivered or any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or any LC Exposure is outstanding and so long as the Commitments have not expired or terminated. Notwithstanding the foregoing or anything else to the contrary set forth in this Agreement or any other Loan Document, in the event that, in connection with the refinancing or repayment in full of the credit facilities provided for herein, an Issuing Bank shall have provided to the Administrative Agent a written consent to the release of the Revolving Lenders from their obligations hereunder with respect to any Letter of Credit issued by such Issuing Bank (whether as a result of the obligations of the Borrower (and any other account party) in respect of such Letter of Credit having been collateralized in full by a deposit of cash with such Issuing Bank, or being supported by a letter of credit that names such Issuing Bank as the beneficiary thereunder, or otherwise), then from and after such time such Letter of Credit shall cease to be a “Letter of Credit” outstanding hereunder for all purposes of this Agreement and the other Loan Documents, and the Revolving Lenders shall be deemed to have no participations in such Letter of Credit, and no obligations with respect thereto, under Section 2.05(d) or 2.05(f). The provisions of Sections 2.15, 2.16, 2.17, 2.18(e) and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof.

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SECTION 9.06. Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof, including the commitments of the Lenders and, if applicable, their Affiliates under the Engagement Letter and any commitment advices submitted by them (but do not supersede any other provisions of the Engagement Letter or the Fee Letter (or any separate letter agreements with respect to fees payable to the Administrative Agent or any Issuing Bank) that do not by the terms of such documents terminate upon the effectiveness of this Agreement, all of which provisions shall remain in full force and effect). Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Agreement.

SECTION 9.07. Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

SECTION 9.08. Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and Issuing Bank, and each Affiliate of any of the foregoing, is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency and whether or not matured) or other amounts at any time held and other obligations (in whatever currency) at any time owing by such Lender or Issuing Bank, or by such an Affiliate, to or for the credit or the account of Holdings or the Borrower against any of and all the obligations then due of Holdings or the Borrower now or hereafter existing under this Agreement held by such Lender or Issuing Bank, irrespective of whether or not such Lender or Issuing Bank shall have made any demand under this Agreement. The rights of each Lender and Issuing Bank, and each Affiliate of any of the foregoing, under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, Issuing Bank or Affiliate may have.

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SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) This Agreement shall be construed in accordance with and governed by the law of the State of New York without regard to conflict of laws principles thereof that would result in the application of any law other than the law of the State of New York.

(b) Each of Holdings and the Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sifting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding shall be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against Holdings, the Borrower or any of their properties in the courts of any jurisdiction.

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

(d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law.

SECTION 9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

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SECTION 9.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

SECTION 9.12. Confidentiality. Each of the Administrative Agent, the Lenders and the Issuing Banks agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Related Parties, including accountants, legal counsel and other agents and advisors, it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential, (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners) (in which case, the Administrative Agent, such Lender or such Issuing Bank, as the case may be, shall, except with respect to any audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory authority, promptly notify the Borrower, in advance, to the extent lawfully permitted to do so), (c) to the extent required by applicable law or by any subpoena or similar legal process (in which case, the Administrative Agent, such Lender or such Issuing Bank, as the case may be, shall promptly notify the Borrower, in advance, to the extent lawfully permitted to do so), (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies under this Agreement or any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing confidentiality undertakings substantially similar to those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its Related Parties) to any swap or derivative transaction relating to Holdings, the Borrower or any other Subsidiary and its obligations, (g) with the written consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Lender, any Issuing Bank or any Affiliate of any of the foregoing on a nonconfidential basis from a source other than Holdings or the Borrower that is not, to the Administrative Agent’s, such Lender’s or such Issuing Bank’s knowledge, subject to a confidentiality obligation to you with respect to such information. For purposes of this Section, “Information” means all information received from Holdings or the Borrower relating to Holdings, the Borrower or any other Subsidiary or their businesses, other than any such information that is available to the Administrative Agent, any Lender or any Issuing Bank on a nonconfidential basis prior to disclosure by the Borrower. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

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SECTION 9.13. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts that are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) that may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender.

SECTION 9.14. Release of Liens and Guarantees. (a) A Subsidiary Loan Party shall automatically be released from its obligations under the Loan Documents, and all security interests created by the Security Documents in Collateral owned by such Subsidiary Loan Party shall be automatically released, upon the consummation of any transaction permitted by this Agreement as a result of which such Subsidiary Loan Party ceases to be a Subsidiary; provided that, if so required by this Agreement, the Required Lenders shall have consented to such transaction and the terms of such consent shall not have provided otherwise. Upon any sale, transfer or other disposition by any Loan Party (other than to another Loan Party) of any Collateral in a transaction permitted under this Agreement, or upon the effectiveness of any written consent to the release of the security interest created under any Security Document in any Collateral pursuant to Section 9.02, the security interests in such Collateral created by the Security Documents shall be automatically released.

(b) In connection with any termination or release pursuant to this Section, the Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the Administrative Agent. Notwithstanding the foregoing, no such release of any Guarantee shall be effective if the applicable Subsidiary Loan Party shall continue to Guarantee any Permitted Unsecured Indebtedness or any Junior Indebtedness and no such release of any Lien on any Collateral shall be effective if such Collateral continues to be subject to a Lien securing any Junior Indebtedness.

SECTION 9.15. USA PATRIOT Act Notice. Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies each Loan Party that pursuant to the requirements of the USA PATRIOT Act it is required to obtain, verify and record information that identifies such Loan Party, which information includes the name and address of such Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Loan Party in accordance with such Act.

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SECTION 9.16. No Fiduciary Relationship. Each of Holdings and the Borrower, on behalf of itself and its subsidiaries, agrees that in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith, Holdings, the Borrower, the other Subsidiaries and their Affiliates, on the one hand, and the Administrative Agent, the Lenders, the Issuing Banks and their Affiliates, on the other hand, will have a business relationship that does not create, by implication or otherwise, any fiduciary duty on the part of the Administrative Agent, the Lenders, the Issuing Banks or their Affiliates, and no such duty will be deemed to have arisen in connection with any such transactions or communications.

SECTION 9.17. Non-Public Information. (a) Each Lender acknowledges that all information, including requests for waivers and amendments, furnished by Holdings, the Borrower or the Administrative Agent pursuant to or in connection with, or in the course of administering, this Agreement will be syndicate-level information, which may contain MNPI. Each Lender represents to Holdings, the Borrower and the Administrative Agent that (i) it has developed compliance procedures regarding the use of MNPI and that it will handle MNPI in accordance with such procedures and applicable law, including Federal, state and foreign securities laws, and (ii) it has identified in its Administrative Questionnaire a credit contact who may receive information that may contain MNPI in accordance with its compliance procedures and applicable law, including Federal, state and foreign securities laws.

(b) Holdings, the Borrower and each Lender acknowledge that, if information furnished by Holdings or the Borrower pursuant to or in connection with this Agreement is being distributed by the Administrative Agent through IntraLinks/IntraAgency, SyndTrak or another website or other information platform (the “Platform”), (i) the Administrative Agent may post any information that Holdings or the Borrower has indicated as containing MNPI solely on that portion of the Platform as is designated for Private Side Lender Representatives and (ii) if Holdings or the Borrower has not indicated whether any information furnished by it pursuant to or in connection with this Agreement contains MNPI, the Administrative Agent reserves the right to post such information solely on that portion of the Platform as is designated for Private Side Lender Representatives. Each of Holdings and the Borrower agrees to clearly designate all information provided to the Administrative Agent by or on behalf of Holdings or the Borrower that is suitable to be made available to Public Side Lender Representatives, and the Administrative Agent shall be entitled to rely on any such designation by Holdings or the Borrower without liability or responsibility for the independent verification thereof.

[Signature pages follow]

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


XXXXXXXXXXXX.XXX, LLC, as Borrower,

		by

		/s/ Xxxxxxx Xxxx
		Name: Xxxxxxx Xxxx
		Title: Senior Vice President
		Business Operations and Finance

SURVEYMONKEY INC., as Holdings,

		by

		/s/ Xxxxxxx Xxxx
		Name: Xxxxxxx Xxxx
		Title: Senior Vice President
		Business Operations and Finance

JPMORGAN CHASE BANK, N.A.,
individually and as Administrative Agent,

		by


		Name:
		Title:

[SIGNATURE PAGE TO THE CREDIT AGREEMENT]

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


XXXXXXXXXXXX.XXX, LLC, as Borrower,

		by


		Name:
		Title:

SURVEYMONKEY INC., as Holdings,

		by


		Name:
		Title:

JPMORGAN CHASE BANK, N.A.,
individually and as Administrative Agent,

		by

		/s/ Xxx X. Xxxxx
		Name: Xxx X. Xxxxx
		Title: Vice President

[SIGNATURE PAGE TO THE CREDIT AGREEMENT]

SIGNATURE PAGE TO

THE CREDIT AGREEMENT

OF XXXXXXXXXXXX.XXX, LLC


Name of Institution:		Bank of America, N.A.

		by

		/s/ Xxxxx Xxxxxxxx
		Name: Xxxxx Xxxxxxxx
		Title: Senior Vice President

SIGNATURE PAGE TO

THE CREDIT AGREEMENT

OF XXXXXXXXXXXX.XXX, LLC


Name of Institution:		Xxxxxxx Xxxxx Bank USA

		by

		/s/ Xxxxxxx X. Xxxxxxxx
		Name: Xxxxxxx X. Xxxxxxxx
		Title: Authorized Signatory

For any Lender requiring a second signature block:

		by


		Name:
		Title:

SIGNATURE PAGE TO

THE CREDIT AGREEMENT

OF XXXXXXXXXXXX.XXX, LLC


Name of Institution:		Suntrust Bank

		by

		/s/ Xxxxxx Xxxxxxxx
		Name: Xxxxxx Xxxxxxxx
		Title: Director

For any Lender requiring a second signature block:

		by


		Name:
		Title:

EXHIBIT A

[FORM OF] ASSIGNMENT AND ASSUMPTION

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

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any Letters of Credit, Guarantees, and Swingline Loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

Assignor:

Assignee:

[and

is an Affiliate/Approved Fund of [Identify Lender]]¹

Borrower: XxxxxxXxxxxx.xxx, LLC

Administrative Agent: JPMorgan Chase Bank, N.A., as Administrative Agent under the Credit Agreement

¹	Select as applicable.

Credit Agreement: Credit Agreement dated as of February 7, 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among XxxxxxXxxxxx.xxx, LLC (the “Borrower”), SurveyMonkey Inc. (“Holdings”), the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent

Assigned Interest:²

Facility Assigned

Aggregate Amount of
Commitment/Loans for
all Lenders

Amount of
Commitment/Loans
Assigned

Percentage
Assigned of
Commitment/Loans³

Term Loans

Revolving

Commitment/Loans

[ ]⁴

Effective Date: , 201 [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR].

The Assignee, if not already a Lender, agrees to deliver to the Administrative Agent a completed Administrative Questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain MNPI) will be made available and who may receive such information in accordance with the Assignee’s compliance procedures and applicable law, including Federal, state and foreign securities laws.

²	Must comply with the minimum assignment amount set forth in Section 9.04(b)(ii)(A) of the Credit Agreement, to the extent such minimum assignment amounts are applicable.

³	Set forth, to at least nine decimals, as a percentage of the Commitments/Loans of all Term Lenders, Revolving Lenders or Incremental Term Lenders of any Series, as applicable.

⁴	In the event Incremental Term Commitments/Loans or Incremental Revolving Commitments/Loans are established under Section 2.21 of the Credit Agreement, refer to the Series of such Incremental Commitments/Loans assigned.

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


[NAME OF ASSIGNOR], as Assignor,

		by


		Name:
		Title:

[NAME OF ASSIGNEE], as Assignee,

		by


		Name:
		Title:


[Consented to and]⁵ Accepted:

JPMORGAN CHASE BANK, N.A., as
Administrative Agent,

		by


		Name:
		Title:

[Consented to:]⁶

[XXXXXXXXXXXX.XXX, LLC, as
Borrower,]

		by


		Name:
		Title:

[Consented to:]⁷

[EACH ISSUING BANK,]

		by


		Name:
		Title:

⁵	To be included only if the consent of the Administrative Agent is required by Section 9.04(b)(i)(B) of the Credit Agreement.

⁶	To be included only if the consent of the Borrower is required by Section 9.04(b)(i)(A) of the Credit Agreement.

⁷	To be included only if the consent of any Issuing Bank is required by Section 9.04(b)(i)(C) of the Credit Agreement.


[Consented to:]⁸

JPMORGAN CHASE BANK, N.A., as
Swingline Lender,

		by


		Name:
		Title:

⁸	To be included only if the consent of the Swingline Lender is required by Section 9.04(b)(i)(D) of the Credit Agreement.

ANNEX 1

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

1.Representations and Warranties.

1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of Holdings, any of Holdings’ Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by Holdings, any of the Holdings’ Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.

1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.01 thereof (or, prior to the first such delivery, the financial statements referred to in Section 3.04 thereof), and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, (v) if it is a Lender that is a U.S. Person, attached to this Assignment and Assumption is IRS Form W-9 certifying that such Lender is exempt from U.S. Federal backup withholding tax, (vi) if it is a Foreign Lender, attached to this Assignment and Assumption is any documentation required to be delivered by it pursuant to Section 2.17 of the Credit Agreement, duly completed and executed by the Assignee, and (vii) it does not bear a relationship to the Borrower or Holdings as described in Section 108(e)(4) of the Code; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued prior to or on or after the Effective Date. The Assignor and the Assignee shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Effective Date or with respect to the making of this assignment directly between themselves.

3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by facsimile or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be construed in accordance with and governed by the law of the State of New York.

EXHIBIT B

[FORM OF] BORROWING REQUEST

JPMorgan Chase Bank, N.A.,

as Administrative Agent

Loan and Agency Services Group

000 Xxxxxxx Xxxxxxxxxx Xxxx

Xxxxxx, XX 00000

Attention: Xxxxxxx Xxxxxx

Fax: (000) 000-0000

Copy to:

JPMorgan Chase Bank, N.A.,

as Administrative Agent

000 Xxxxxxx Xxxxxx, 00xx Xxxxx

Xxx Xxxx, XX 00000

Attention: Xxx X. Xxxxx

Fax: (000) 000-0000

[DATE]

Ladies and Gentlemen:

Reference is made to the Credit Agreement dated as of February 7, 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among XxxxxxXxxxxx.xxx, LLC (the “Borrower”), SurveyMonkey Inc. (“Holdings”), the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. Capitalized terms used but not otherwise defined herein shall have the meanings specified in the Credit Agreement. This notice constitutes a Borrowing Request and the Borrower hereby gives you notice, pursuant to Section [2.03] [2.04] of the Credit Agreement, that it requests a Borrowing under the Credit Agreement, and in connection therewith specifies the following information with respect to such Borrowing:

(A)

Class of Borrowing:¹

(B)

Aggregate principal amount of Borrowing:² $

(C)

Date of Borrowing (which is a Business Day):

¹	Specify Term Borrowing, Revolving Borrowing, Swingline Borrowing or Incremental Term Borrowing, and if an Incremental Term Borrowing, specify the Series.

²	Must comply with Sections 2.02(c) and 2.04(a) of the Credit Agreement, as applicable

(D)

Type of Borrowing:³

(E)

If Eurocurrency Borrowing, Interest Period and the last day

thereof:⁴

(F)

Location and number of the account or accounts to which proceeds of the requested Borrowing are to be disbursed: [Name of Bank]

(Account No.:

)

[Issuing Bank

to which proceeds of the requested Borrowing are to

be disbursed: ]⁵

The Borrower hereby certifies that the conditions specified in paragraphs (a) and (b) of Section 4.02 of the Credit Agreement have been satisfied and that, immediately after giving effect to the Borrowing requested hereby, the Aggregate Revolving Exposure (or any component thereof) shall not exceed the applicable maximum amount thereof (or the applicable maximum amount of any such component) specified in Section 2.01, 2.04(a) or 2.05(b) of the Credit Agreement.


Very truly yours,

XXXXXXXXXXXX.XXX, LLC,



By:
		Name:
		Title:

³	Specify ABR Borrowing or Eurocurrency Borrowing. If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing.

⁴

Shall be subject to the definition of “Interest Period” and can be a period of one, two, three or six months (or, if agreed to by each Lender participating in the requested Borrowing, nine or twelve months). If an Interest Period is not specified, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

⁵	Specify only in the case of an ABR Revolving Borrowing requested to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f) of the Credit Agreement.

EXHIBIT C

[FORM OF] GUARANTEE AND COLLATERAL AGREEMENT

SEE ATTACHED

GUARANTEE AND COLLATERAL AGREEMENT

dated as of

February 7, 2013,

among

SURVEYMONKEY INC.,

XXXXXXXXXXXX.XXX, LLC,

THE SUBSIDIARY LOAN PARTIES IDENTIFIED HEREIN

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

TABLE OF CONTENTS


ARTICLE I

Definitions

SECTION 1.01.	Defined Terms	1
SECTION 1.02.	Other Defined Terms	1

ARTICLE II

Guarantee

SECTION 2.01.	Guarantee	7
SECTION 2.02.	Guarantee of Payment; Continuing Guarantee	7
SECTION 2.03.	No Limitations	7
SECTION 2.04.	Reinstatement	8
SECTION 2.05.	Agreement to Pay; Subrogation	8
SECTION 2.06.	Information	9

ARTICLE III

Pledge of Securities

SECTION 3.01.	Pledge	9
SECTION 3.02.	Delivery of the Pledged Collateral	10
SECTION 3.03.	Representations, Warranties and Covenants	11
SECTION 3.04.	Certification of Limited Liability Company and Limited Partnership Interests	12
SECTION 3.05.	Registration in Nominee Name; Denominations	13
SECTION 3.06.	Voting Rights; Dividends and Interest	13

ARTICLE IV

Security Interests in Personal Property

SECTION 4.01.	Security Interest	15
SECTION 4.02.	Representations, Warranties and Covenants	17
SECTION 4.03.	Covenants	20
SECTION 4.04.	Other Actions	22
SECTION 4.05.	Covenants Regarding Patent, Trademark and Copyright Collateral	23


ARTICLE V

Remedies

SECTION 5.01.	Remedies Upon Default	25
SECTION 5.02.	Application of Proceeds	27
SECTION 5.03.	Grant of License to Use Intellectual Property	28
SECTION 5.04.	Securities Act	28
SECTION 5.05.	Registration	29

ARTICLE VI

Indemnity, Subrogation and Subordination

SECTION 6.01.	Indemnity and Subrogation	30
SECTION 6.02.	Contribution and Subrogation	30
SECTION 6.03.	Subordination	30
SECTION 6.04.	General Limitation on Obligations	31

ARTICLE VII

Miscellaneous

SECTION 7.01.	Notices	31
SECTION 7.02.	Waivers; Amendment	32
SECTION 7.03.	Administrative Agent’s Fees and Expenses; Indemnification	32
SECTION 7.04.	Survival of Agreement	33
SECTION 7.05.	Counterparts; Effectiveness, Successors and Assigns	34
SECTION 7.06.	Severability	34
SECTION 7.07.	Right of Set-Off	34
SECTION 7.08.	Governing Law; Jurisdiction; Consent to Service of Process	34
SECTION 7.09.	WAIVER OF JURY TRIAL	35
SECTION 7.10.	Headings	35
SECTION 7.11.	Security Interest Absolute	36
SECTION 7.12.	Termination or Release	36
SECTION 7.13.	Additional Subsidiaries	37
SECTION 7.14.	Administrative Agent Appointed Attorney-in-Fact	37
SECTION 7.15.	Certain Acknowledgments and Agreements	38
SECTION 7.16.	Secured Cash Management Obligations and Secured Hedge Obligations	38

Schedules


Schedule I		Loan Parties
Schedule II		Pledged Equity Interests; Pledged Debt Securities
Schedule III		Intellectual Property
Schedule IV		Commercial Tort Claims

Exhibits


Exhibit I		Form of Supplement
Exhibit II		Form of Patent Security Agreement
Exhibit III		Form of Trademark Security Agreement
Exhibit IV		Form of Copyright Security Agreement

GUARANTEE AND COLLATERAL AGREEMENT dated as of February 7, 2013 (this “Agreement”), among SURVEYMONKEY INC., a Delaware corporation (“Holdings”), XXXXXXXXXXXX.XXX, LLC, a Delaware limited liability company (the “Borrower”), the OTHER SUBSIDIARIES FROM TIME TO TIME PARTY HERETO and JPMORGAN CHASE BANK, N.A. (“JPMCB”), as Administrative Agent.

Reference is made to the Credit Agreement dated as of February 7, 2013 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, Holdings, the Lenders and Issuing Banks from time to time party thereto and JPMCB, as Administrative Agent. The Lenders and the Issuing Banks have agreed to extend credit to the Borrower subject to the terms and conditions set forth in the Credit Agreement. The obligations of the Lenders and the Issuing Banks to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement. Holdings and the Subsidiary Loan Parties are Affiliates of the Borrower, will derive substantial benefits from the extension of credit to the Borrower pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders and the Issuing Banks to extend such credit. Accordingly, the parties hereto agree as follows:

ARTICLE I

Definitions

SECTION 1.01. Defined Terms. (a) Each capitalized term used but not defined herein shall have the meaning specified in the Credit Agreement, provided that each term defined in the New York UCC (as defined herein) and not defined in this Agreement (whether or not capitalized) shall have the meaning specified in the New York UCC. The term “instrument” shall have the meaning specified in Article 9 of the New York UCC.

(b) The rules of construction specified in Section 1.03 of the Credit Agreement also apply to this Agreement, mutatis mutandis.

SECTION 1.02. Other Defined Terms. As used in this Agreement, the following terms have the meanings specified below:

“Account Debtor” means any Person that is or may become obligated to any Grantor under, with respect to or on account of an Account.

“Agreement” has the meaning assigned to such term in the preamble hereto.

“Article 9 Collateral” has the meaning assigned to such term in Section 4.01.

“Borrower” has the meaning assigned to such term in the preamble hereto.

“Cash Management Services” means the treasury management services (including controlled disbursements, zero balance arrangements, cash sweeps, automated clearinghouse transactions, return items, overdrafts, temporary advances, interest and fees and interstate depository network services) provided to Holdings, the Borrower or any other Subsidiary.

“Claiming Party” has the meaning assigned to such term in Section 6.02. “Collateral” means Article 9 Collateral and Pledged Collateral.

“Contributing Party” has the meaning assigned to such term in Section 6.02.

“Copyright License” means any written agreement, now or hereafter in effect, granting to any Person any right under any Copyright owned by any Grantor or that such Grantor otherwise has the right to license, or granting any right to any Grantor under any Copyright owned by any other Person, or that any other Person now or hereafter otherwise has the right to license and all rights of such Grantor under any such agreement.

“Copyright Security Agreement” means the Copyright Security Agreement substantially in the form of Exhibit W.

“Copyrights” means, with respect to any Person, all of the following now owned or hereafter acquired by such Person: (a) all copyright rights in any work subject to the copyright laws of the United States of America or any other country, whether as author, assignee, transferee or otherwise, and (b) all registrations and applications for registration of any such copyright in the United States of America or any other country, including registrations, recordings, supplemental registrations and pending applications for registration in the United States Copyright Office (or any similar office in any other country), including any of the foregoing listed on Schedule III.

“Credit Agreement” has the meaning assigned to such term in the recitals hereto.

“Direct Borrower Obligations” shall mean any Obligations (as defined herein but without regard to the proviso appearing in the definition thereof) of the Borrower in its capacity as the Borrower under the Credit Agreement, or as a counterparty or direct obligor (or as a guarantor of a non-Loan Party counterparty or direct obligor) with respect to a Secured Cash Management Obligation or a Secured Hedge Obligation.

“Excluded Equity Interests” has the meaning assigned to such term in Section 3.01.

“Excluded Personal Property” has the meaning assigned to such term in Section 5.04.

“Federal Securities Laws” has the meaning assigned to such term in Section 4.01.

“Global Intercompany Note” means a promissory note evidencing all Indebtedness of Holdings, the Borrower and the other Subsidiaries that, in each case, is owing to any Loan Party from time to time.

“Grantors” means Holdings, the Borrower and each Subsidiary Loan Party party hereto from time to time.

“Guarantors” means (a) the Borrower (with respect to the Other Obligations) and (b) Holdings and each Subsidiary Loan Party (with respect to all Obligations).

“Holdings” has the meaning assigned to such term in the preamble hereto.

“Intellectual Property” means all intellectual and similar property of every kind and nature, including inventions, designs, Patents, Copyrights, Licenses, Trademarks, trade secrets, Domain Names, confidential or proprietary technical and business information, know-how or other data or information, software and databases (including Proprietary Databases) and all embodiments or fixations thereof and related documentation, registrations and franchises.

“IP Security Agreements” means the Copyright Security Agreement, the Patent Security Agreement and the Trademark Security Agreement collectively.

“License” means any Patent License, Trademark License, Copyright License or other license or sublicense agreement to which any Grantor is a party, including those listed on Schedule III.

“Loan Document Obligations” means (a) the due and punctual payment by the Borrower of (i) the principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under the Credit Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral, and (iii) all other monetary obligations of the Borrower under the Credit Agreement and each of the other Loan Documents, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred

during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual performance of all other obligations of the Borrower under or pursuant to the Credit Agreement and each of the other Loan Documents, and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to this Agreement and each of the other Loan Documents (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding).

“New York UCC” means the Uniform Commercial Code as from time to time in effect in the State of New York.

“Obligations” means (a) all the Loan Document Obligations, (b) all the Secured Cash Management Obligations and (c) all the Secured Hedge Obligations; provided that for the purposes of Article II of this Agreement, the term “Obligations” as it applies to the Borrower in its capacity as a Guarantor shall exclude any Direct Borrower Obligations.

“Other Obligations” shall mean any and all Obligations other than Direct Borrower Obligations.

“Patent License” means any written agreement, now or hereafter in effect, granting to any Person any right to make, use or sell any invention on which a Patent, owned by any Grantor or that any Grantor otherwise has the right to license, is in existence, or granting to any Grantor any right to make, use or sell any invention on which a Patent owned by any other Person, or that any other Person otherwise has the right to license, is in existence, and all rights of any Grantor under any such agreement.

“Patent Security Agreement” means the Patent Security Agreement substantially in the form of Exhibit II.

“Patents” means with respect to any Person all of the following now owned or hereafter acquired by such Person: (a) all letters patent of the United States of America or the equivalent thereof in any other country, all registrations and recordings thereof, and all applications for letters patent of the United States of America or the equivalent thereof in any other country, including registrations, recordings and pending applications in the United States Patent and Trademark Office or any similar offices in any other country, including those listed on Schedule III, and (b) all reissues, continuations, divisions, continuations-in-part, renewals or extensions thereof, and the inventions disclosed or claimed therein, including the right to make, use and/or sell the inventions disclosed or claimed therein.

“Payment In Full” means when all Loan Document Obligations have been paid in full (except contingent indemnification and expense reimbursement obligations and tax gross-up or yield protection obligations which, in each case, survive the termination of the Loan Documents and in respect of which no claim has been made) and

the Lenders have no further commitment to lend under the Credit Agreement, the LC Exposure has been reduced to zero and the Issuing Banks have no further obligations to issue Letters of Credit under the Credit Agreement (other than any Letter of Credit as to which the Borrower has made arrangements to cash collateralize in accordance with the Credit Agreement, or made other arrangements otherwise satisfactory to the applicable Issuing Bank).

“Pledged Collateral” has the meaning assigned to such term in Section 3.01.

“Pledged Debt Securities” has the meaning assigned to such term in Section 3.01.

“Pledged Equity Interests” has the meaning assigned to such term in Section 3.01.

“Pledged Securities” means any promissory notes, stock certificates, unit certificates, limited liability membership interest certificates and other certificated securities now or hereafter included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral.

“Secured Cash Management Obligations” means the due and punctual payment and performance of any and all obligations of Holdings, the Borrower and each other Subsidiary (whether absolute or contingent and however and whenever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor)) arising in respect of Cash Management Services that (a) are owed to the Administrative Agent, the Arranger or an Affiliate of any of the foregoing, or to any Person that, at the time such obligations were incurred, was the Administrative Agent, the Arranger or an Affiliate of any of the foregoing, (b) are owed on the Effective Date to a Person that is a Lender or an Affiliate of a Lender as of the Effective Date or (c) are owed to a Person that is a Lender or an Affiliate of a Lender at the time such obligations are incurred; provided that the Borrower has notified the Administrative Agent in writing that the obligations under such agreement are to be treated as Secured Cash Management Obligations hereunder.

“Secured Hedge Obligations” means the due and punctual payment and performance of any and all obligations of Holdings, the Borrower and each Subsidiary arising under each Hedging Agreement that (a) is with a counterparty that is the Administrative Agent, the Arranger or an Affiliate of any of the foregoing, or any Person that, at the time such Hedging Agreement was entered into, was the Administrative Agent, the Arranger or an Affiliate of any of the foregoing, (b) is in effect on the Effective Date with a counterparty that is a Lender or an Affiliate of a Lender as of the Effective Date or (c) is entered into after the Effective Date with a counterparty that is a Lender or an Affiliate of a Lender at the time such Hedging Agreement is entered into.

“Secured Parties” means (a) the Lenders, (b) the Administrative Agent, (c) each Issuing Bank (d) each provider of Cash Management Services the obligations under which constitute Secured Cash Management Obligations, (e) each counterparty to any Hedging Agreement the obligations under which constitute Secured Hedge Obligations, (f) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (g) the permitted successors and assigns of each of the foregoing.

“Security Interest” has the meaning assigned to such term in Section 4.01(a).

“Subsidiary Grantor” means each Subsidiary Loan Party, other than the Borrower, that is a Grantor.

“Subsidiary Guarantor” means each Subsidiary Loan Party, other than the Borrower, that is a Guarantor.

“Subsidiary Loan Parties” means (a) the entities identified on Schedule I (other than the Borrower) and (b) each other Subsidiary that becomes a party to this Agreement after the Effective Date.

“Supplement “ means an instrument substantially in the form of Exhibit I hereto, or any other form reasonably approved by the Administrative Agent.

“Trademark License” means any written agreement, now or hereafter in effect, granting to any Person any right to use any Trademark owned by any Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right to use any Trademark owned by any other Person or that any other Person otherwise has the right to license, and all rights of any Grantor under any such agreement.

“Trademark Security Agreement” means the Trademark Security Agreement substantially in the form of Exhibit III.

“Trademarks” means, with respect to any Person, all of the following now owned or hereafter acquired by such Person: (a) all trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, all registrations and recordings thereof, and all registration and recording applications filed in connection therewith, including registrations and registration applications in the United States Patent and Trademark Office or any similar offices in any State of the United States of America or any other country or any political subdivision thereof, and all extensions or renewals thereof, including those listed on Schedule III and (b) all goodwill associated therewith or symbolized thereby.

ARTICLE II

Guarantee

SECTION 2.01. Guarantee. Each Guarantor irrevocably and unconditionally guarantees, jointly with the other Guarantors and severally, as a primary obligor and not merely as a surety, for the benefit of the Secured Parties, by way of an independent payment obligation, the due and punctual payment and performance of the Obligations. Each Guarantor (other than the Borrower) further agrees that the Obligations may be extended or renewed (in the case of the Loan Document Obligations, in accordance with the terms of the Credit Agreement), in whole or in part, or amended or modified (in the case of the Loan Document Obligations, in accordance with the terms of the Credit Agreement), without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension, renewal, amendment or modification of any Obligation. To the maximum extent permitted by applicable law, each Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other Loan Party of any of the Obligations, and also waives notice of acceptance of its guarantee hereunder and notice of protest for nonpayment.

SECTION 2.02. Guarantee of Payment; Continuing Guarantee. Each Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership or other similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Administrative Agent or any other Secured Party to any security held for the payment of the Obligations or to any balance of any deposit account or credit on the books of the Administrative Agent or any other Secured Party in favor of the Borrower, any other Loan Party or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all Obligations, whether currently existing or hereafter incurred.

SECTION 2.03. No Limitations. (a) Except for the termination or release of a Guarantor’s obligations hereunder as expressly provided in Section 7.12, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Obligations, any impossibility in the performance of the Obligations or otherwise. Without limiting the generality of the foregoing, except for the termination or release of its obligations hereunder as expressly provided in Section 7.12(a) or (b), to the fullest extent permitted by applicable law, the obligations of each Guarantor hereunder shall not be discharged or impaired or otherwise affected by (i) the failure of the Administrative Agent or any other Secured Party to assert any claim or demand or to enforce any right or remedy under the provisions of any Loan Document or otherwise; (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, any other Loan Document or any other agreement, including with respect to any other Guarantor under this Agreement; (iii) except, in the case of any Guarantor, for the release of any of such Guarantor’s Collateral hereunder as expressly provided in Section 7.12(c), the release of any security held by the Administrative Agent or any other Secured Party for any of the Obligations; (iv) any default, failure or delay, willful or otherwise, in the performance of any of the Obligations; or (v) any other act or omission that may or might in any manner or to any

extent vary the risk of any Guarantor or otherwise operate as a discharge of any Guarantor as a matter of law or equity (other than Payment In Full). Each Guarantor expressly authorizes the Secured Parties to take and hold security in accordance with the terms of the Loan Documents for the payment and performance of the Obligations, to exchange, waive or release any or all such security (with or without consideration), to enforce or apply such security and direct the order and manner of any sale thereof in accordance with the terms of the Loan Documents in their sole discretion or to release or substitute any one or more other guarantors or obligors upon or in respect of the Obligations, all without affecting the obligations of any Guarantor hereunder.

(b) To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of any defense of the Borrower or any other Loan Party or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower or any other Loan Party, other than Payment In Full. The Administrative Agent (acting on behalf of the Secured Parties) may, at its election and in accordance with the terms of the Loan Documents, foreclose on any security held by it by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Loan Party or exercise any other right or remedy available to them against the Borrower or any other Loan Party, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent Payment In Full shall have occurred). To the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor against the Borrower or any other Loan Party, as the case may be, or any security.

SECTION 2.04. Reinstatement. Each Guarantor agrees that, unless released pursuant to Section 7.12(a) or (b), its guarantee hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored or returned by the Administrative Agent or any other Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower, any other Loan Party or otherwise.

SECTION 2.05. Agreement to Pay; Subrogation. In furtherance of the foregoing provisions of this Article II and not in limitation of any other right that the Administrative Agent or any other Secured Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Borrower or any other Loan Party to pay any Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Administrative Agent for distribution to the applicable Secured Parties in cash the amount of such unpaid Obligation. Upon payment by any Guarantor of any sums to the Administrative Agent as provided above, all rights of such Guarantor against the Borrower or any other Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article VI.

SECTION 2.06. Information. Each Guarantor (a) assumes all responsibility for being and keeping itself informed of the Borrower’s and each other Loan Party’s and their subsidiaries’ financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Obligations and the nature, scope and extent of the risks that such Guarantor assumes and incurs hereunder, and (b) agrees that none of the Administrative Agent or the other Secured Parties will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks.

ARTICLE III

Pledge of Securities

SECTION 3.01. Pledge. As security for the payment or performance, as the case may be, in full of the Obligations, each Grantor hereby assigns as security and pledges to the Administrative Agent, its successors and assigns, for the benefit of the Secured Parties, and hereby grants to the Administrative Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest in all of such Grantor’s right, title and interest in, to and under (a)(i) the shares of capital stock and other Equity Interests now owned or at any time hereafter acquired by such Grantor, including those set forth opposite the name of such Grantor on Schedule II, and (ii) all certificates and any other instruments representing all such Equity Interests (collectively, the “Pledged Equity Interests”); provided that the Pledged Equity Interests shall not include (A) more than 65% of the issued and outstanding voting Equity Interests of any Subsidiary that is a CFC; and (B) Equity Interests in any Person that constitute an Excluded Asset, until such time as the restrictions, prohibitions or limitations that caused such Equity Interest to be an Excluded Asset ceases to exist and such Equity Interest is no longer an Excluded Asset (the Equity Interests so excluded under clauses (A) and (B) above being collectively referred to herein as the “Excluded Equity Interests”); (b)(i) any debt securities now owned or at any time hereafter acquired by such Grantor, including those listed opposite the name of such Grantor on Schedule II, but excluding any Excluded Asset (until such time as the restrictions, prohibitions or limitations that caused such debt security to be an Excluded Asset ceases to exist and such debt security is no longer an Excluded Asset) and (ii) all promissory notes and any other instruments evidencing all such debt securities, but excluding any Excluded Asset (until such time as the restrictions, prohibitions or limitations that caused such promissory note or instrument to be an Excluded Asset ceases to exist and such promissory notes or instrument is no longer an Excluded Asset) (collectively, the “Pledged Debt Securities”); (c) all other property of such Grantor that may be delivered to and held by the Administrative Agent pursuant to the terms of this Section 3.01 and Section 3.02; (d) subject to Section 3.06, all payments of principal or interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other Proceeds received in respect of, the securities and instruments referred to in clauses (a) and (b) above; (e) subject to Section 3.06, all rights

and privileges of such Grantor with respect to the securities, instruments and other property referred to in clauses (a), (b), (c) and (d) above; and (f) all Proceeds of any and all of the foregoing (the items referred to in clauses (a) through (f) (and, for the avoidance of doubt, giving effect to the proviso in clause (a)(ii) above) above being collectively referred to as the “Pledged Collateral”).

SECTION 3.02. Delivery of the Pledged Collateral. (a) Each Grantor agrees promptly to deliver or cause to be delivered to the Administrative Agent any and all Pledged Securities (other than (x) Pledged Debt Securities issued by any Person (other than Holdings, the Borrower or any other Subsidiary) in a principal amount less than $500,000 and (y) Permitted Investments) (i) on the Effective Date, in the case of any such Pledged Securities owned by such Grantor on the Effective Date, and, (ii) within 30 days following the acquisition thereof by such Grantor, in the case of any such Pledged Securities acquired by such Grantor after the Effective Date; provided that for purposes of compliance with this Section 3.02(a) with respect to clause (i) above, only insofar as it applies to the Global Intercompany Note, each Grantor will cause such clause to be satisfied as promptly as practicable, and in any event, within 10 Business Days after the Effective Date, and all times thereafter.

(b) Each Grantor will cause (i) all Indebtedness of Holdings, the Borrower and each other Subsidiary that, in each case, is owing to such Grantor to be evidenced by the Global Intercompany Note, (ii) the Global Intercompany Note to be pledged and delivered to the Administrative Agent pursuant to the terms hereof and (iii) all Indebtedness (other than Permitted Investments) of any Person other than Holdings, the Borrower or any other Subsidiary in a principal amount of $500,000 or more that is owing to a Grantor to be evidenced by a promissory note and pledged and delivered to the Administrative Agent pursuant to the terms hereof; provided that for purposes of compliance with this Section 3.02(b) with respect to clauses (i) and (ii) above, each Grantor will cause such clauses to be satisfied as promptly as practicable, and in any event, within 10 Business Days after the Effective Date, and all times thereafter.

(c) Upon delivery to the Administrative Agent as required hereunder, (i) any Pledged Securities shall be accompanied by undated stock powers or allonges, as applicable, duly executed by the applicable Grantor in blank or other undated instruments of transfer duly execute in blank and reasonably satisfactory to the Administrative Agent and by such other instruments and documents as the Administrative Agent may reasonably request in connection therewith and (ii) all other property comprising part of the Pledged Collateral shall be accompanied by proper instruments of assignment duly executed by the applicable Grantor in blank and such other instruments or documents as the Administrative Agent may reasonably request in connection therewith. Each delivery of Pledged Securities (other than the Global Intercompany Note or any additional counterparty signatures thereto) after the date hereof shall be accompanied by a schedule describing the Pledged Securities so delivered, which schedule shall be deemed attached to and to supplement Schedule II and be made a part hereof, provided that failure to provide any such schedule or any error therein shall not affect the validity of the pledge of any Pledged Securities. Each schedule so delivered shall supplement any prior schedules so delivered.

SECTION 3.03. Representations, Warranties and Covenants. The Grantors jointly and severally represent, warrant and covenant to and with the Administrative Agent, for the benefit of the Secured Parties, that:

(a) Schedule II sets forth, as of the Effective Date, a true and complete list, with respect to each Grantor, of (i) all the Pledged Equity Interests owned by such Grantor and the percentage of the issued and outstanding units of each class of the Equity Interests of the issuer thereof represented by such Pledged Equity Interests and (ii) all Pledged Debt Securities owned by such Grantor other than any Pledged Debt Security in a principal amount not in excess of $500,000;

(b) the Pledged Equity Interests and Pledged Debt Securities have been duly and validly authorized and issued by the issuers thereof and (i) in the case of Pledged Equity Interests, are fully paid and nonassessable and (ii) in the case of Pledged Debt Securities, are legal, valid and binding obligations of the issuers thereof, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and to general principles of equity, regardless of whether considered in a proceeding in equity or at law; provided that the foregoing representations, insofar as they relate to any Pledged Equity Interests or any Pledged Debt Securities issued by a Person other than Holdings, the Borrower or any Subsidiary, are made to the knowledge of the Grantor.

(c) except for the security interests granted hereunder, each of the Grantors (i) is as of the Effective Date and, subject to any Dispositions made in compliance with the Credit Agreement or any repayment or other satisfaction of indebtedness represented or evidenced by such Pledged Securities, will continue to be the direct owner, beneficially and of record, of the Pledged Securities indicated on Schedule II as owned by such Grantor, (ii) holds the same free and clear of all Liens (other than Liens created under the Loan Documents, Permitted Encumbrances and transfers made in compliance with the Credit Agreement), (iii) will make no further assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in or other Lien on, the Pledged Collateral (other than Liens created by the Loan Documents, Permitted Encumbrances and transfers made in compliance with the Credit Agreement) and (iv) will defend its title or interest thereto or therein against any and all Liens (other than Liens created by the Loan Documents and Permitted Encumbrances), however arising, of all Persons whomsoever;

(d) except as disclosed on Schedule II or any supplemental schedule furnished pursuant to Section 3.02(c), and except for restrictions and limitations imposed by the Loan Documents or securities laws generally, and, in the case of clause (ii), except for limitations existing as of the Effective Date in the articles or certificate of incorporation, bylaws or other organizational documents of any Subsidiary, (i) the Pledged Collateral is and will continue to be freely transferable and assignable, and (ii) none of the Pledged Collateral is or will be subject to any option, right of first refusal, shareholders agreement, charter or by-law provisions or contractual restriction of any nature that might prohibit, impair, delay or otherwise affect the pledge of such Pledged Collateral hereunder, the sale or disposition thereof pursuant hereto or the exercise by the Administrative Agent of rights and remedies hereunder;

(e) each of the Grantors has the power and authority to pledge the Pledged Collateral pledged by it hereunder in the manner hereby done or contemplated;

(f) no consent or approval of any Governmental Authority, any securities exchange or any other Person was or is necessary to the validity of the pledge effected hereby (other than such as have been obtained and are in full force and effect);

(g) subject to any applicable local law in the case of any Equity Interests in any Foreign Subsidiary, by virtue of the execution and delivery by the Grantors of this Agreement, when any Pledged Securities are delivered, together with transfer powers or allonges endorsed in blank, to the Administrative Agent in accordance with this Agreement, the Administrative Agent will obtain a legal, valid and perfected lien upon and security interest in such Pledged Securities as security for the payment and performance of the Obligations; and

(h) subject to applicable local law in the case of any Equity Interests in any Foreign Subsidiary, the pledge effected hereby is effective to vest in the Administrative Agent, for the benefit of the Secured Parties, the rights of the Administrative Agent in the Pledged Collateral as set forth herein.

SECTION 3.04. Certification of Limited Liability Company and Limited Partnership Interests. Each Grantor acknowledges and agrees that (i) to the extent each interest in any limited or unlimited liability company or limited partnership controlled now or in the future by such Grantor and pledged hereunder is a “security” within the meaning of Article 8 of the New York UCC and is governed by Article 8 of the New York UCC, such interest shall be certificated and (ii) each such interest shall hereafter, for so long as such limited or unlimited liability company or limited partnership is controlled by such Grantor and pledged hereunder, continue to be such a security and represented by such certificate. Each Grantor further acknowledges and agrees that with respect to any interest in any limited or unlimited liability company or limited partnership controlled now or in the future by such Grantor and pledged hereunder that is not a “security” within the meaning of Article 8 of the New York UCC, such Grantor shall at no time elect to treat any such interest as a “security” within the meaning of Article 8 of the New York UCC, nor shall such interest be represented by a certificate, unless such Grantor provides written notification to the Administrative Agent of such election and such interest is thereafter represented by a certificate that is promptly delivered to the Administrative Agent pursuant to the terms hereof.

SECTION 3.05. Registration in Nominee Name; Denominations. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as pledgee, in the name of its nominee (as pledgee or as sub-agent) or in the name of the applicable Grantor, endorsed or assigned in blank or in favor of the Administrative Agent. Upon the occurrence and during the continuance of an Event of Default, each Grantor will promptly give to the Administrative Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Grantor. The Administrative Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement.

SECTION 3.06. Voting Rights; Dividends and Interest. (a) Unless and until an Event of Default shall have occurred and be continuing and the Administrative Agent shall have notified the Grantors that their rights under this Section 3.06 are being suspended:

(i) each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of Pledged Collateral or any part thereof for any purpose consistent with the terms of this Agreement and the other Loan Documents; provided that such rights and powers shall not be exercised in any manner that materially and adversely affect the rights inuring to a holder of any Pledged Collateral or the rights and remedies of any of the Administrative Agent or any other Secured Party under this Agreement or any other Loan Document or the ability of the Secured Parties to exercise the same;

(ii) the Administrative Agent shall promptly execute and deliver to each Grantor, or cause to be promptly executed and delivered to such Grantor, all proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to paragraph (a)(i) of this Section; and

(iii) each Grantor shall be entitled to receive and retain any and all dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Collateral, but only to the extent that such dividends, interest, principal and other distributions are permitted by, and otherwise paid or distributed in accordance with, the terms and conditions of the Credit Agreement and (to the extent applicable) the other Loan Documents, provided that any noncash dividends, interest, principal or other distributions that would constitute Pledged Equity Interests or Pledged Debt Securities, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer of any Pledged Collateral or received in exchange for Pledged Collateral or any part thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the Pledged Collateral and, if received by any Grantor, and required to be delivered to the Administrative Agent hereunder, shall not be commingled by such Grantor with any of its other funds or property but shall be held separate and apart therefrom, shall be held in trust for the benefit of the Administrative Agent and shall be forthwith delivered to the Administrative Agent in the same form as so received (with any necessary endorsements, stock powers, allonges or other instruments of transfer reasonably requested by the Administrative Agent).

(b) Upon the occurrence and during the continuance of an Event of Default, after the Administrative Agent shall have notified the Grantors of the suspension of their rights under paragraph (a)(iii) of this Section 3.06, then all rights of any Grantor to dividends, interest, principal or other distributions that such Grantor is authorized to receive pursuant to paragraph (a)(iii) of this Section, shall cease, and all such rights shall thereupon become vested in the Administrative Agent, which shall have the sole and exclusive right and authority to receive and retain such dividends, interest, principal or other distributions. All dividends, interest, principal or other distributions received by any Grantor contrary to the provisions of this Section 3.06 shall be held in trust for the benefit of the Administrative Agent, shall be segregated from other property or funds of such Grantor and shall be forthwith delivered to the Administrative Agent upon demand in the same form as so received (with any necessary endorsements, stock powers, allonges or other instruments of transfer reasonably requested by the Administrative Agent). Any and all money and other property paid over to or received by the Administrative Agent pursuant to the provisions of this paragraph (b) shall be retained by the Administrative Agent in an account to be established by the Administrative Agent upon receipt of such money or other property shall be held as security for the payment and performance of the Obligations and shall be applied in accordance with the provisions of Section 5.02. After all Events of Default have been cured or waived, the Administrative Agent shall promptly repay to each Grantor (without interest) all dividends, interest, principal or other distributions that such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii) of this Section 3.06 and that remain in such account.

(c) Upon the occurrence and during the continuance of an Event of Default, after the Administrative Agent shall have notified the Grantors of the suspension of their rights under paragraph (a)(i) of this Section 3.06, then all rights of any Grantor to exercise the voting and consensual rights and powers it is entitled to exercise pursuant to paragraph (a)(i) of this Section 3.06, and the obligations of the Administrative Agent under paragraph (a)(ii) of this Section 3.06, shall cease, and all such rights shall thereupon become vested in the Administrative Agent, which shall have the sole and exclusive right and authority to exercise such voting and consensual rights and powers, provided that, unless otherwise directed by the Required Lenders, the Administrative Agent shall have the right from time to time following and during the continuance of an Event of Default to permit the Grantors to exercise such rights. After all Events of Default have been fully cured or waived, all rights vested in the Administrative Agent pursuant to this Section 3.06 shall cease, and the Grantors shall have the right to exercise the voting and consensual rights and powers they would otherwise by entitled to exercise pursuant to paragraph (a)(i) of this Section 3.06.

(d) Any notice given by the Administrative Agent to the Grantors suspending their rights under paragraph (a) of this Section 3.06 (i) may be given by telephone if promptly confirmed in writing, (ii) may be given to one or more of the Grantors at the same or different times and (iii) may suspend the rights of the Grantors under paragraph (a)(i) or paragraph (a)(iii) in part without suspending all such rights (as specified by the Administrative Agent in its sole and absolute discretion) and without waiving or otherwise affecting the Administrative Agent’s right to give additional notices from time to time suspending other rights so long as an Event of Default has occurred and is continuing.

ARTICLE IV

Security Interests in Personal Property

SECTION 4.01. Security Interest. (a) As security for the payment or performance, as the case may be, in full of the Obligations and subject to Section 4.01(d), each Grantor hereby grants to the Administrative Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest (the “Security Interest”) in all such Grantor’s right, title and interest in, to and under any and all of the following assets now owned or at any time hereafter acquired by such Grantor or in, to or under which such Grantor now has or at any time hereafter may acquire any right, title or interest (collectively, the “Article 9 Collateral”):

(i) all Accounts;

(ii) all Chattel Paper;

(iii) all cash, cash equivalents and Deposit Accounts;

(iv) all Documents;

(v) all Equipment;

(vi) all General Intangibles, including all Intellectual Property and Website Agreements;

(vii) all Instruments;

(viii) all Inventory;

(ix) all other Goods;

(x) all Investment Property;

(xi) all Proprietary Databases;

(xii) all Websites;

(xiii) all Letter-of-credit rights;

(xiv) all Commercial Tort Claims described on Schedule IV, as such schedule may be supplemented from time to time pursuant to Section 4.04(c);

(xv) all books and records pertaining to the Article 9 Collateral; and

(xvi) all Proceeds and products of any and all of the foregoing and all collateral security and guarantees given by any Person with respect to any of the foregoing.

(b) Each Grantor hereby irrevocably authorizes the Administrative Agent (or its designee) at any time and from time to time to file in any relevant jurisdiction any financing statements (including fixture filings) with respect to the Article 9 Collateral or any part thereof and amendments thereto that (i) indicate the Article 9 Collateral as all assets whether now or hereafter acquired of such Grantor or words of similar effect as being of an equal or lesser scope or with greater detail, and (ii) contain the information required by Article 9 of the Uniform Commercial Code of each applicable jurisdiction for the filing of any financing statement or amendment, including (A) whether such Grantor is an organization, the type of organization and any organizational identification number, if any, issued to such Grantor and (B) in the case of a financing statement filed as a fixture filing, a sufficient description of the real property to which such Article 9 Collateral relates. Each Grantor agrees to provide such information to the Administrative Agent promptly upon request.

The Administrative Agent (or its designee) is further authorized to file with the United States Patent and Trademark Office or United States Copyright Office (or any successor office) such documents (substantially in the form of the IP Security Agreements) as may be reasonably necessary or advisable for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security Interest in Article 9 Collateral consisting of Intellectual Property granted by each Grantor, without the signature of any Grantor, and naming any Grantor or the Grantors as debtors and the Administrative Agent as secured party.

(c) The Security Interest and the security interest granted pursuant to Article III are granted as security only and shall not subject the Administrative Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Collateral.

(d) Notwithstanding anything herein to the contrary, in no event shall the Security Interest granted hereunder attach to (i) any Article 9 Collateral if, to the extent and for so long as the grant of a Lien thereon to secure the Obligations is prohibited by any Requirements of Law (other than to the extent that any such prohibition would be rendered ineffective pursuant to any other applicable Requirements of Law, including pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the New York UCC or any other applicable law); provided that such Security Interest shall attach immediately at such time as the condition causing such prohibition shall no longer exist and to the extent severable, shall attach immediately to any portion of such asset that does not result in such prohibition; (ii) any Excluded Equity Interests; (iii) any motor vehicles owned or

any other assets subject to certificates of title, to the extent that a security interest therein cannot be perfected by the filing of a Uniform Commercial Code financing statement; (iv) any intent-to-use trademark application; (v) Letter-of-Credit rights to the extent that a security interest therein cannot be perfected by the filing of a Uniform Commercial Code financing statement and Commercial Tort Claims, in each case with a value, as reasonable determined by the Borrower, of less than $500,000; (vi) any governmental licenses or state or local franchises, charters and authorizations, to the extent security interests in such licenses, franchises, charters or authorizations are prohibited or restricted thereby (other than to the extent that any such prohibition or restriction would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the New York UCC or any other applicable law); (vii) any leasehold interest to the extent that a security interest therein cannot be perfected by the filing of a Uniform Commercial Code financing statement; or (viii) any lease, license or agreement to which a Grantor is a party or any of its rights or interests thereunder if to the extent and for so long as the grant of such security interest would violate or invalidate such lease, license, or agreement or create a right of termination in favor of any other party thereto (other than a Loan Party) (other than to the extent that any prohibition or restriction relating to the foregoing would be rendered ineffective pursuant to any applicable Requirements of Law, including pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the New York UCC or any other applicable law) (the items referred to in clauses (i) through (viii) above being collectively referred to as the “Excluded Personal Property”); provided that Excluded Personal Property shall not include (A) any Proceeds, substitutions or replacements of any Excluded Personal Property (unless such Proceeds, substitutions or replacements would constitute Excluded Personal Property) or (B) any shares of Equity Interests, capital stock or limited liability company interests described on Schedule II.

SECTION 4.02. Representations, Warranties and Covenants. The Grantors jointly and severally represent, warrant and covenant to and with the Administrative Agent for the benefit of the Secured Parties, that:

(a) Each Grantor has good and valid rights in and title to the Article 9 Collateral with respect to which it has purported to grant the Security Interest hereunder (except for minor defects in title that do not interfere with its ability to (i) conduct its business as currently conducted or as proposed to be conducted or to utilize such properties for their intended purposes or (ii) grant a Security Interest in such Article 9 Collateral hereunder) and has full power and authority to grant to the Administrative Agent, for the benefit of the Secured Parties, the Security Interest in such Article 9 Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval that has been obtained.

(b) A Perfection Certificate has been duly prepared, completed and executed and the information set forth therein, including the exact legal name of each Grantor as of the Effective Date is correct and complete as of the Effective Date. The Uniform Commercial Code financing statements (including fixture filings, as applicable) or other appropriate filings, recordings or registrations prepared by the Administrative Agent based upon the information provided to the Administrative Agent in the Perfection

Certificate for filing in each governmental, municipal or other office specified in Schedules 2A and 2B to the Perfection Certificate (or specified by notice from the Borrower to the Administrative Agent after the Effective Date in the case of filings, recordings or registrations required by Section 5.04(a) or 5.03 of the Credit Agreement), are all the filings, recordings and registrations (other than filings required to be made in the United States Patent and Trademark Office and the United States Copyright Office in order to perfect the Security Interest in Article 0 Xxxxxxxxxx xxxxxxxxxx xx Xxxxxx Xxxxxx Patents, Trademarks and Copyrights) that are necessary to publish notice of and protect the validity of and to establish a legal, valid and perfected security interest in favor of the Administrative Agent (for the benefit of the Secured Parties) in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing, recording or registration in the United States of America (or any political subdivision thereof) and its territories and possessions, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary in any such jurisdiction, except as provided under applicable law with respect to the filing of continuation statements. A Patent Security Agreement, a Trademark Security Agreement and a Copyright Security Agreement, in each case containing a description of the Article 9 Collateral consisting of United States Patents, United States registered Trademarks (and Trademarks for which United States registration applications are pending) and United States registered Copyrights and Copyright Licenses, as applicable, and executed by each Grantor owning any such Article 9 Collateral, have been delivered to the Administrative Agent for recording with the United States Patent and Trademark Office and the United States Copyright Office pursuant to 35 U.S.C. § 261, 15 U.S.C. § 1060 or 17 U.S.C. § 205 and the regulations thereunder, as applicable, to protect the validity of and to establish a legal, valid and perfected security interest in favor of the Administrative Agent (for the benefit of the Secured Parties) in respect of all Article 9 Collateral consisting of Patents, Trademarks and Copyrights in which a security interest may be perfected by filing, recording or registration in the United States of America (or any political subdivision thereof) and its territories and possessions. No further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary (other than such actions as are necessary to perfect the Security Interest with respect to any Article 9 Collateral consisting of Patents, Trademarks and Copyrights (or registration or application for registration thereof) acquired or developed after the date hereof).

(c) The Security Interest constitutes (i) a legal and valid security interest in all the Article 9 Collateral securing the payment and performance of the Obligations, (ii) subject to the filings described in paragraph (b) of this Section, a perfected security interest in all Article 9 Collateral in which a security interest may be perfected by filing, recording or registering a financing statement or analogous document in the United States of America (or any political subdivision thereof) and its territories and possessions pursuant to the Uniform Commercial Code or other applicable law in such jurisdictions and (iii) a security interest that shall be perfected in all Article 9 Collateral in which a security interest may be perfected upon the receipt and recording of the IP Security Agreements with the United States Patent and Trademark Office and the United States Copyright Office, as applicable, within the three-month period (commencing as of the date hereof) pursuant to 35 U.S.C. § 261 or 15 U.S.C. § 1060 or the one month period (commencing as of the date hereof) pursuant to 17 U.S.C. § 205. The Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral, other than Permitted Encumbrances and Liens permitted under Section 6.02 of the Credit Agreement that have priority as a matter of law.

(d) The Article 9 Collateral is owned by the Grantors, or the Grantors have rights in such Article 9 Collateral, free and clear of any Lien, except for the Liens permitted under Section 6.02 of the Credit Agreement.

(e) Schedule III sets forth, as of the Effective Date, a true and complete list, with respect to each Grantor, of (i) all Patents owned by such Grantor that have been granted by the United States Patent and Trademark Office, (ii) all Copyrights owned by such Grantor that have been registered with the United States Copyright Office, (iii) all Trademarks owned by such Grantor that have been registered with the United States Patent and Trademark Office and Trademarks owned by such Grantor for which United States registration applications are pending and (iv) exclusive Copyright Licenses (where (A) a Grantor is a licensee and (B) the annual cost of such license (in any year) is in excess of $500,000 unless the interest in such license is filed for or on behalf of a Grantor with the United States Copyright Office). In the event any certificate delivered pursuant to Section 4.03(b) shall set forth any applicable Intellectual Property, Schedule III shall be deemed to be supplemented to include the reference to such Intellectual Property, in the same form as such reference is set forth on such certificate.

(f) As of the Effective Date, the domain name registrars with which each Grantor has contracted in connection with the Grantor’s Domain Names are set forth on Schedule III.

(g) The Intellectual Property listed in any IP Security Agreements delivered hereto for such Grantor includes (i) all Intellectual Property that such Grantor owns in connection with its business as of the Effective Date, which are registered at the United States Patent and Trademark Office or the United States Copyright Office and (ii) as of the Effective Date, all registrations of Intellectual Property listed in any IP Security Agreements delivered hereto are valid, subsisting and have not been canceled.

(h) Each Grantor will (i) take actions customarily taken by companies engaged in the same or similar business to maintain, preserve and protect such Grantor’s rights and interests and the rights and interests of the Administrative Agent with respect to all of such Grantor’s material Websites and material Domain Names, including, making all necessary filings, registrations and applications with the appropriate domain name registrars and paying all fees, costs and expenses associated therewith, (ii) maintain the effectiveness of all Domain Name registrations material to such Grantor’s business as of the relevant time of inquiry with an ICANN-accredited domain name registrar and prevent any such registrations from lapsing or being canceled, abandoned or terminated, (iii) register all Domain Names primarily used by such Grantor and acquired after the Effective Date in the name of the Borrower or any other Subsidiary Loan Party and (iv) comply in all material respects with all of such Grantor’s obligations under all Website Agreements and maintain the effectiveness of all Website Agreements, except, in the case of each of clauses (i) through (iv), where the failure to do so would not interfere in any material respect with the ability of such Grantor to conduct its business as currently conducted.

SECTION 4.03. Covenants. (a) Each Grantor agrees to promptly provide the Administrative Agent with certified organizational documents reflecting any of the changes described in Section 5.04(a) of the Credit Agreement.

(b) Each year, at the time of delivery of annual financial statements with respect to the preceding fiscal year pursuant to Section 5.01(a) of the Credit Agreement (commencing with the delivery of annual financial statements with respect to the fiscal year ending December 31, 2013), the Borrower shall deliver to the Administrative Agent a certificate executed by a Financial Officer and the chief legal officer of each of Holdings and the Borrower setting forth the information required pursuant to the Perfection Certificate or confirming that there has been no change in such information since the date of such certificate or the date of the most recent certificate delivered pursuant to this Section 4.03(b). Each certificate delivered pursuant to this Section 4.03(b) shall identify in the format of Schedule III all Intellectual Property described in clauses (i) through (iv) of Section 4.02(e) of any Grantor in existence on the date thereof and not then listed on such Schedules or previously so identified to the Administrative Agent.

(c) Each Grantor shall, at its own expense, take any and all commercially reasonable actions necessary to defend title to the Article 9 Collateral against all Persons, except with respect to Article 9 Collateral that such Grantor determines in its reasonably business judgment is no longer necessary or beneficial to the conduct of such Grantor’s business and except in the case of any Lien permitted under Section 6.02 of the Credit Agreement, and to defend the Security Interest of the Administrative Agent in the Article 9 Collateral and the priority thereof against any Lien not permitted pursuant to Section 6.02 of the Credit Agreement.

Each Grantor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all such further instruments, financing statements, agreements and documents and take all such other actions as the Administrative Agent may from time to time reasonably request to better assure, preserve, protect and perfect the Security Interest and the rights and remedies created hereby, including the payment of any fees and Taxes required in connection with the execution and delivery of this Agreement, the granting of the Security Interest and the filing and recording of any financing statements (including fixture filings) or other documents in connection herewith or therewith, subject to the expressly stated exceptions and limitations set forth in the Credit Agreement and the other Loan Documents. Each Grantor will provide to the Administrative Agent, from time to time upon request, evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Liens created or intended to be created pursuant to this Agreement.

(d) The Administrative Agent and such Persons as the Administrative Agent may reasonably designate shall have the right, at the Grantors’ own cost and expense, to inspect the Article 9 Collateral, all records related thereto (and to make extracts and copies from such records) and the premises upon which any of the Article 9 Collateral is located, to discuss the Grantors’ affairs with the officers of the Grantors and their independent accountants and to verify under reasonable procedures the validity, amount, quality, quantity, value, condition and status of, or any other matter relating to, the Article 9 Collateral, including, in the case of Accounts or Article 9 Collateral in the possession of any third party, by contacting Account Debtors or the third party possessing such Article 9 Collateral for the purpose of making such a verification. The Administrative Agent shall have the absolute right to share any information it gains from such inspection or verification with any Secured Party. Notwithstanding the foregoing, (i) no such discussion with any such independent accountants shall be permitted unless the Borrower shall have received reasonable notice thereof and a reasonable opportunity to participate therein and (ii) unless an Event of Default shall have occurred and be continuing, the Administrative Agent shall not exercise such rights more often than two times during any calendar year and only one such time shall be at the Grantors’ expense. Notwithstanding anything to the contrary in this Section 4.03(d), no Grantor will be required to disclose, permit the inspection, examination or making of extracts, or discussion of, any documents, information or other matter that (i) in respect of which disclosure to the Administrative Agent (or any designated representative or agent or employee) or any Lender is then prohibited by law or any agreement binding on Holdings, the Borrower or any of their respective Subsidiaries or (ii) is subject to attorney-client or similar privilege constitutes attorney work product.

(e) At its option, the Administrative Agent may discharge past due Taxes, assessments, charges, fees and Liens at any time levied or placed on the Article 9 Collateral that are not permitted pursuant to the Credit Agreement, and may pay for the maintenance and preservation of the Article 9 Collateral to the extent any Grantor fails to do so as required by this Agreement or the other Loan Documents, after the Administrative Agent has requested that such Grantor do so, and each Grantor jointly and severally agrees to reimburse the Administrative Agent within 15 days after written demand, for any reasonable payment made or any reasonable expense incurred by the Administrative Agent pursuant to the foregoing authorization, provided that nothing in this paragraph shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Administrative Agent or any Secured Party to cure or perform, any covenants or other obligations of any Grantor with respect to Taxes, assessments, charges, fees and Liens and maintenance as set forth herein or in the other Loan Documents.

(f) Each Grantor shall remain liable to observe and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Article 9 Collateral, all in accordance with the terms and conditions thereof, and each Grantor jointly and severally agrees to indemnify and hold harmless the Administrative Agent and the Secured Parties from and against any and all liability for such performance.

(g) None of the Grantors shall make or permit to be made any transfer of the Article 9 Collateral except that unless and until the Administrative Agent shall notify the Grantors that an Event of Default shall have occurred and be continuing and that during the continuance thereof the Grantors shall not sell, convey, lease, assign, transfer or otherwise dispose of any Article 9 Collateral (which notice may be given by telephone if promptly confirmed in writing), the Grantors may use and dispose of the Article 9 Collateral in any lawful manner not inconsistent with the provisions of this Agreement, the Credit Agreement or any other Loan Document.

(h) None of the Grantors will, without the Administrative Agent’s prior written consent, grant any extension of the time of payment of any Accounts included in the Article 9 Collateral, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, compromises, settlements, releases, credits or discounts granted or made in the ordinary course of business and consistent with its current practices.

(i) Each Grantor irrevocably makes, constitutes and appoints the Administrative Agent (and all officers, employees or agents designated by the Administrative Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose, upon the occurrence and during the continuance of an Event of Default, of making, settling and adjusting claims in respect of Article 9 Collateral under policies of insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance and for making all determinations and decisions with respect thereto. In the event that any Grantor at any time or times shall fail to obtain or maintain any of the policies of insurance required pursuant to the Credit Agreement or to pay any premium in whole or part relating thereto, the Administrative Agent may, without waiving or releasing any obligation or liability of the Grantors hereunder or any Event of Default, in its sole discretion, obtain and maintain such policies of insurance and pay such premium and take any other actions with respect thereto as the Administrative Agent reasonably deems advisable. All sums disbursed by the Administrative Agent in connection with this paragraph, including reasonable out-of-pocket attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, upon demand, by the Grantors to the Administrative Agent and shall be additional Obligations secured hereby.

SECTION 4.04. Other Actions. In order to further ensure the attachment, perfection and priority of, and the ability of the Administrative Agent to enforce, the Security Interest, each Grantor agrees, in each case at such Grantor’s own expense, to take the following actions with respect to the following Article 9 Collateral:

(a) Instruments and Tangible Chattel Paper. If any Grantor shall at any time after the Effective Date acquire any Instruments constituting Collateral (other than any instrument with a face amount of less than $500,000) or Tangible Chattel Paper constituting Collateral (other than Tangible Chattel Paper with individual value of less than $500,000), such Grantor shall within 30 days after acquisition thereof endorse, assign and deliver the same to the Administrative Agent, accompanied by such instruments of transfer or assignment duly executed in blank as the Administrative Agent may from time to time reasonably request.

(b) Investment Property. Except to the extent otherwise provided in Article III, if any Grantor shall at any time after the Effective Date acquire any certificated securities constituting Pledged Equity Interests, such Grantor shall within 30 days after acquisition thereof endorse, assign and deliver the same to the Administrative Agent, accompanied by such undated instruments of transfer or assignment duly executed in blank as the Administrative Agent may from time to time reasonably request.

(c) Commercial Tort Claims. If any Grantor shall at any time after the Effective Date have knowledge of the acquisition by such Grantor of a Commercial Tort Claim in an amount reasonably estimated to exceed $500,000, the Grantor shall within 30 days after acquisition thereof notify the Administrative Agent thereof in a writing signed by such Grantor, including a summary description of such claim, and grant to the Administrative Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Administrative Agent.

SECTION 4.05. Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Each Grantor agrees that it will not do any act or omit to do to any act (and will exercise commercially reasonable efforts to prevent its licensees from doing any act or omitting to do any act) whereby any Patent material to the conduct of the business of the Borrower and the Subsidiaries may become invalidated or dedicated to the public (except as a result of expiration of such Patent at the end of its statutory term), and each Grantor agrees that it shall continue to xxxx any products covered by any such Patent with the relevant patent number as necessary and sufficient to establish and preserve its maximum rights under applicable patent laws, except as consistent with good business judgment as reasonably determined by such Grantor.

(b) Each Grantor (either itself or through its licensees or its sublicensees) will, for each Trademark material to the conduct of the business of the Borrower and the Subsidiaries, (i) maintain such Trademark in full force free from any valid claim of abandonment or invalidity for non-use, (ii) maintain the quality of products and services offered under such Trademark, (iii) if registered, display such Trademark with notice of Federal or foreign registration to the extent necessary and sufficient to establish and preserve its maximum rights under applicable law and (iv) not knowingly use or knowingly permit the use of such Trademark in violation of any third party rights, except, with respect to clauses (i) through (iii), as consistent with good business judgment as reasonably determined by such Grantor.

(c) Each Grantor (either itself or through its licensees or sublicensees) will, for each work covered by a Copyright material to the conduct of the business of the Borrower and the Subsidiaries, use commercially reasonable efforts to continue to publish, reproduce, display, adopt and distribute the work with appropriate copyright notice as necessary and sufficient to establish and preserve its maximum rights under applicable copyright laws, except as consistent with good business judgment as reasonably determined by such Grantor.

(d) Each Grantor shall notify the Administrative Agent promptly if it knows that any Patent, Trademark or Copyright material to the conduct of the business of the Borrower and the Subsidiaries may become abandoned, lost or dedicated to the public, or of any materially adverse determination or development (including the institution of, or any such determination or development in, any proceeding in the United States Patent and Trademark Office, United States Copyright Office) regarding such Grantor’s ownership of such Patent, Trademark or Copyright, its right to register the same, or its right to keep and maintain the same.

(e) Each Grantor will take all necessary steps (i) in any proceeding before the United States Patent and Trademark Office, United States Copyright Office or any office or agency in any political subdivision of the United States of America, to maintain and pursue each application relating to the Patents, Trademarks and/or Copyrights that is material to the conduct of such Grantor’s business (and to obtain the relevant grant or registration) and (ii) to maintain each issued Patent and each registration of the Trademarks and Copyrights that is material to the conduct of any Grantor’s business, including timely filings of applications for renewal, affidavits of use, affidavits of incontestability and payment of maintenance fees, and to initiate opposition, interference and cancelation proceedings against third parties, except, with respect to clauses (i) and (ii), in each case as consistent with good business judgment as reasonably determined by such Grantor.

(f) In the event that any Grantor has reason to believe that any Article 9 Collateral consisting of Intellectual Property material to the conduct of any Grantor’s business has been or is about to be infringed, misappropriated or diluted by a third party, such Grantor promptly shall, in each case if consistent with good business judgment as reasonably determined by such Grantor, promptly xxx for infringement, misappropriation or dilution and to recover any and all damages for such infringement, misappropriation or dilution, and take such other actions as are appropriate under the circumstances to protect such Article 9 Collateral.

(g) Each Grantor will take all necessary steps in its business judgment to protect its interest in, and keep current, its Websites and Domain Names, including renewals, except where failure to do so would not be reasonably expected to have a Material Adverse Effect.

(h) Upon the occurrence and during the continuance of an Event of Default, each Grantor shall, upon request of the Administrative Agent, use its commercially reasonable efforts to obtain all requisite consents or approvals by the licensor of each exclusive Copyright License, Patent License or Trademark License under which such Grantor is a licensee to effect the assignment of all such Grantor’s right, title and interest thereunder to the Administrative Agent or its designee.

ARTICLE V

Remedies

SECTION 5.01. Remedies Upon Default. Upon the occurrence and during the continuance of an Event of Default, each Grantor agrees to deliver each item of Collateral to the Administrative Agent on demand, and it is agreed that the Administrative Agent shall have the right to take any of or all the following actions at the same or different times: (a) with respect to any Article 9 Collateral consisting of Intellectual Property and Websites, on demand, to cause the Security Interest to become an assignment, transfer and conveyance of any of or all such Article 9 Collateral by the applicable Grantors to the Administrative Agent, for the benefit of the Secured Parties, or to license or sublicense, whether general, special or otherwise, and whether on an exclusive or nonexclusive basis, any such Article 9 Collateral throughout the world on such terms and conditions and in such manner as the Administrative Agent shall determine (other than in violation of any then-existing licensing arrangements to the extent that waivers cannot be obtained), (b) with or without legal process and with or without prior notice or demand for performance, to take possession of the Article 9 Collateral and without liability for trespass to enter any premises where the Article 9 Collateral may be located for the purpose of taking possession of or removing the Article 9 Collateral and, generally, to exercise any and all rights afforded to a secured party under the Uniform Commercial Code or other applicable law, (c) sell, assign transfer or otherwise convey any Grantor’s Domain Names and, in connection therewith, to date, complete and execute in the name of such Grantor, the Administrative Agent or otherwise and deliver or transmit to the applicable Domain Name registrar such registrant name change agreement or registrant name changes requests or other comparable Domain Name transfer agreements or requests and take such other actions as may be deemed necessary or advisable by the Administrative Agent or such Domain Name registrar in order to transfer registration or ownership of any domain Name of any Grantor, in each case, as fully and completely as such Grantor might do, (d) operate and control each Grantor’s Websites and Domain Names and all equipment and other property used in connection therewith and otherwise exercise all rights and power of the Grantor with respect thereto as the Administrative Agent shall deem best, all as fully and completely as such Grantor might do, (e) exercise any and all rights of the Grantors and take any and all actions which Grantors are permitted to take under all Website Agreements, as fully and completely and to the same extent as the Grantors might do and (f) take any other action as specified in clauses (1) through (3), inclusive, of Section 9-607(a) of the New York UCC. Without limiting the generality of the foregoing, each Grantor agrees that the Administrative Agent shall have the right upon the occurrence and during the continuance of an Event of Default, subject to the mandatory requirements of applicable law, to sell or otherwise dispose of all or any part of the Collateral at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Administrative Agent shall deem appropriate. The Administrative Agent shall be authorized at any such sale of securities (if it deems it advisable to do so) to restrict the prospective bidders or purchasers to Persons who will represent and agree that they are purchasing the Collateral for their own account for investment and not with

a view to the distribution or sale thereof, and upon consummation of any such sale the Administrative Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any sale of Collateral shall hold the property sold absolutely free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay and appraisal that such Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted.

The Administrative Agent shall give the applicable Grantors no less than 10 days’ prior written notice (which each Grantor agrees is reasonable notice within the meaning of Section 9-611 of the New York UCC or its equivalent in other jurisdictions) of the Administrative Agent’s intention to make any sale of Collateral. Such notice, in the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the Collateral or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the Administrative Agent may fix and state in the notice (if any) of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Administrative Agent may (in its sole and absolute discretion) determine The Administrative Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Administrative Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In case any sale of all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Administrative Agent until the sale price is paid by the purchaser or purchasers thereof, but the Administrative Agent shall not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure, such Collateral may be sold again upon like notice. In the event of a foreclosure by the Administrative Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Administrative Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition, and the Administrative Agent, at the direction of the Required Lenders, as agent for and representative of the Secured Parties (but not any Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Loan Document Obligations as a credit on account of the purchase price for any Collateral payable by the Administrative Agent on behalf of the Secured Parties at such sale or other disposition. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Administrative Agent shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the

Administrative Agent shall have entered into such an agreement all Events of Default shall have been remedied and the Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Administrative Agent may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed receiver. Any sale pursuant to the provisions of this Section 5.01 shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the New York UCC or its equivalent in other jurisdictions.

EACH GRANTOR HEREBY ACKNOWLEDGES THAT THE GRANT OF SECURITY INTEREST IN THE WEBSITES AND DOMAIN NAMES IN ACCORDANCE WITH THE TERMS OF THIS AGREEMENT AND THE CREDIT AGREEMENT IS INTEGRAL TO THE SECURED PARTIES’ REALIZATION OF THE VALUE OF THE COLLATERAL, THERE IS NO ADEQUATE REMEDY AT LAW FOR FAILURE BY SUCH GRANTOR TO COMPLY WITH THE PROVISIONS OF THIS SECTION AND THAT SUCH FAILURE WOULD NOT BE ADEQUATELY COMPENSABLE IN DAMAGES, AND THEREFORE AGREES THAT THE AGREEMENTS CONTAINED IN THIS SECTION MAY BE SPECIFICALLY ENFORCED.

SECTION 5.02. Application of Proceeds. The Administrative Agent shall apply the proceeds of any collection or sale of Collateral, including any Collateral consisting of cash, as follows:

FIRST, to the payment of all costs and expenses incurred by and all indemnity and fee obligations (other than contingent indemnification and expense reimbursement obligations for which no claim has been made) owed to, the Administrative Agent in connection with such collection or sale or otherwise in connection with this Agreement, any other Loan Document or any of the Obligations, including all court costs and the reasonable fees and expenses of its agents and legal counsel, the repayment of all advances made by the Administrative Agent hereunder or under any other Loan Document on behalf of any Grantor and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document;

SECOND, to the payment in full of the Obligations (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the amounts of the Obligations owed to them on the date of any such distribution); and

THIRD, to the Grantors, their successors or assigns, or as a court of competent jurisdiction may otherwise direct.

The Administrative Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement. Upon any sale of Collateral by the Administrative Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Administrative Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Administrative Agent or such officer or be answerable in any way for the misapplication thereof.

SECTION 5.03. Grant of License to Use Intellectual Property. For the purpose of enabling the Administrative Agent to exercise rights and remedies under this Agreement at such time as the Administrative Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to the Administrative Agent an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to the Grantors) to use, license or sublicense any of the Article 9 Collateral consisting of Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof to the extent that such non-exclusive license (a) does not violate the express terms of any agreement between a Grantor and a third party governing the applicable Grantor’s use of such Collateral consisting of Intellectual Property, or gives such third party any right of acceleration, modification or cancelation therein and (b) is not prohibited by any Requirements of Law other than, in each case, to the extent that any such term or prohibition would be rendered ineffective pursuant to any other applicable Requirements of Law, including pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the New York UCC or any other applicable law). The use of such license by the Administrative Agent may be exercised, at the option of the Administrative Agent, only upon the occurrence and during the continuation of an Event of Default, provided that any license, sublicense or other transaction entered into by the Administrative Agent in accordance herewith shall be binding upon the Grantors notwithstanding any subsequent cure of an Event of Default.

SECTION 5.04. Securities Act. In view of the position of the Grantors in relation to the Pledged Collateral, or because of other current or future circumstances, a question may arise under the Securities Act, as now or hereafter in effect, or any similar statute hereafter enacted analogous in purpose or effect (such Act and any such similar statute as from time to time in effect being called the “Federal Securities Laws”) with respect to any disposition of the Pledged Collateral permitted hereunder. Each Grantor understands that compliance with the Federal Securities Laws might very strictly limit the course of conduct of the Administrative Agent if the Administrative Agent were to attempt to dispose of all or any part of the Pledged Collateral, and might also limit the extent to which or the manner in which any subsequent transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting the Administrative Agent in any attempt to dispose of all or part of the Pledged Collateral under applicable blue sky or other state securities laws or similar laws analogous in purpose or effect. Each Grantor recognizes that in light of such restrictions and limitations the Administrative Agent may, with respect to any sale of the Pledged Collateral, limit the purchasers to those who will agree, among other things, to acquire such Pledged Collateral for their own account, for investment, and not with a

view to the distribution or resale thereof. Each Grantor acknowledges and agrees that in light of such restrictions and limitations, the Administrative Agent, in its sole and absolute discretion, (a) may proceed to make such a sale whether or not a registration statement for the purpose of registering such Pledged Collateral or part thereof shall have been filed under the Federal Securities Laws to the extent the Administrative Agent has determined that such registration is not required by any Requirement of Law and (b) may approach and negotiate with a single potential purchaser to effect such sale. Each Grantor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller than if such sale were a public sale without such restrictions. In the event of any such sale, the Administrative Agent shall incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price that the Administrative Agent, in its sole and absolute discretion, may in good xxxxx xxxx reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as aforesaid or if more than a single purchaser were approached. The provisions of this Section 5.04 will apply notwithstanding the existence of a private market upon which the quotations or sales prices may exceed substantially the price at which the Administrative Agent sells.

SECTION 5.05. Registration. Each Grantor agrees that, upon the occurrence and during the continuance of an Event of Default, if for any reason the Administrative Agent desires to sell any of the Pledged Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Administrative Agent, use its commercially reasonable efforts to take or to cause the issuer of such Pledged Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Administrative Agent to permit the public sale of such Pledged Collateral. Each Grantor further agrees to indemnify, defend and hold harmless the Administrative Agent, each other Secured Party, any underwriter and their respective affiliates and their respective officers, directors, affiliates and controlling persons from and against all loss, liability, expenses, reasonable costs of counsel (including reasonable fees and expenses to the Administrative Agent of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon information furnished in writing to such Grantor or the issuer of such Pledged Collateral by the Administrative Agent or any other Secured Party expressly for use therein. Each Grantor further agrees, upon such written request referred to above, to use its best efforts to qualify, file or register, or cause the issuer of such Pledged Collateral to qualify, file or register, any of the Pledged Collateral under the blue sky or other securities laws of such states as may be requested by the Administrative Agent and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Grantor will bear all costs and expenses of carrying out its obligations under this Section 5.05. Each Grantor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 5.05 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 5.05 may be specifically enforced.

ARTICLE VI

Indemnity, Subrogation and Subordination

SECTION 6.01. Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have under applicable law (but subject to Section 6.03), the Borrower agrees that (a) in the event a payment in respect of any Obligation shall be made by any Subsidiary Guarantor under this Agreement, the Borrower shall indemnify such Subsidiary Guarantor for the full amount of such payment and such Subsidiary Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment and (b) in the event any assets of any Subsidiary Grantor shall be sold pursuant to this Agreement or any other Security Document to satisfy in whole or in part any Obligation, the Borrower shall indemnify such Subsidiary Grantor in an amount equal to the greater of the book value or the fair market value of the assets so sold.

SECTION 6.02. Contribution and Subrogation. Each Subsidiary Guarantor and Subsidiary Grantor (a “Contributing Party”) agrees (subject to Section 6.03) that, in the event a payment shall be made by any other Subsidiary Guarantor hereunder in respect of any Obligation or assets of any other Subsidiary Grantor) shall be sold pursuant to any Security Document to satisfy any Obligation and such other Subsidiary Guarantor or Subsidiary Grantor (the “Claiming Party”) shall not have been fully indemnified by the Borrower as provided in Section 6.01, the Contributing Party shall indemnify the Claiming Party in an amount equal to the amount of such payment or the greater of the book value or the fair market value of such assets, as the case may be, in each case multiplied by a fraction of which the numerator shall be the net worth of the Contributing Party on the date hereof and the denominator shall be the aggregate net worth of all the Subsidiary Guarantors and Subsidiary Grantors on the date hereof (or, in the case of any Subsidiary Guarantor or Subsidiary Grantor becoming a party hereto pursuant to Section 7.13, its net worth and such aggregate net worth on the date of the supplement hereto executed and delivered by such Subsidiary Guarantor or Subsidiary Grantor). Any Contributing Party making any payment to a Claiming Party pursuant to this Section 6.02 shall (subject to Section 6.03) be subrogated to the rights of such Claiming Party under Section 6.01 to the extent of such payment.

SECTION 6.03. Subordination. (a) Notwithstanding any provision of this Agreement to the contrary, all rights of the Subsidiary Guarantors and Subsidiary Grantors under Sections 6.01 and 6.02 and all other rights of the Subsidiary Guarantors and Subsidiary Grantors of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to Payment In Full. No failure on the part of the Borrower or any other Guarantor or Grantor to make the payments required by Sections 6.01 and 6.02 (or any other payments required under applicable law or otherwise) shall in any respect limit the obligations and liabilities of any Subsidiary Guarantor or Subsidiary Grantor with respect to its obligations hereunder, and each Subsidiary Guarantor and Subsidiary Grantor shall remain liable for the full amount of the obligations of such Subsidiary Guarantor or Subsidiary Grantor hereunder.

Each Guarantor and Grantor hereby agrees and acknowledges that (i) all Indebtedness and other monetary obligations owed to it by the Borrower or any other Guarantor or Grantor and (ii) subject to the limitations set forth in Section 6.01(a)(iii)(A) of the Credit Agreement, all Indebtedness and other monetary obligations owed by it to any other Guarantor, Grantor or any other Subsidiary shall in each case be fully subordinated to the Payment In Full of the Obligations to the extent and in the manner set forth in the Intercompany Subordination Agreement, dated as of the date hereof, among, inter alia, the Loan Parties, the Administrative Agent and the other parties thereto from time to time, as amended, restated, amended and restated, supplemented or otherwise modified from time to time.

SECTION 6.04. General Limitation on Obligations. Each Guarantor, and by its acceptance of this Agreement, the Administrative Agent and each other Secured Party, hereby confirms that it is the intention of all such Persons that this Agreement and the Obligations of each Guarantor hereunder, after taking into account the provisions of Sections 6.01, 6.02 and 6.03 hereof, not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Agreement and the Obligations of each Guarantor hereunder. To effectuate the foregoing intention, the Obligations of each Guarantor under this Agreement at any time shall be limited to the maximum amount, after taking into account the provisions of Sections 6.01, 6.02 and 6.03 hereof, as will result in the Obligations of such Guarantor under this Agreement not constituting a fraudulent transfer or conveyance for purposes of the codes, laws and acts described in the immediately preceding sentence to the extent applicable to this Agreement and the Obligations of each Guarantor hereunder. Each Subsidiary Guarantor further agrees to contribute, to the maximum extent permitted by law, such amounts, in addition to those contemplated by Section 6.02, to each other Subsidiary Guarantor so as to maximize the aggregate amount paid to the Secured Parties under or in connection with the Loan Documents (subject to the subrogation and subordination provisions set forth above).

ARTICLE VII

Miscellaneous

SECTION 7.01. Notices. All communications and notices to the Administrative Agent, Holdings and the Borrower hereunder shall (except as otherwise expressly permitted herein) be given as provided in Section 9.01 of the Credit Agreement. All communications and notices hereunder to any Subsidiary Loan Party shall be given to it in care of the Borrower as provided in Section 9.01 of the Credit Agreement.

SECTION 7.02. Waivers; Amendment. (a) No failure or delay by any Secured Party in exercising any right or power under any Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Secured Parties hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 7.02, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the execution and delivery of this Agreement, the making of a Loan or the issuance, amendment, renewal or extension of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time. No notice or demand on any Loan Party in any case shall entitle any Loan Party to any other or further notice or demand in similar or other circumstances.

(b) Neither this Agreement nor any provision hereof may be waived, amended or modified (other than supplements expressly contemplated hereby) except pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Loan Parties with respect to which such waiver, amendment or modification is applicable, subject to any consent required in accordance with Section 9.02 of the Credit Agreement; provided that the Administrative Agent may, without the consent of any Secured Party, consent to a departure by any Loan Party from any covenant of such Loan Party set forth herein to the extent such departure is consistent with the authority of the Administrative Agent set forth in the definition of the term “Collateral and Guarantee Requirement” in the Credit Agreement.

(c) This Agreement shall be construed as a separate agreement with respect to each Loan Party and may be amended, modified, supplemented, waived or released with respect to any Loan Party without the approval of any other Loan Party and without affecting the obligations of any other Loan Party hereunder.

SECTION 7.03. Administrative Agent’s Fees and Expenses; Indemnification. (a) The Loan Parties party hereto jointly and severally agree to reimburse the Administrative Agent for its fees and expenses incurred hereunder as provided in Section 9.03 of the Credit Agreement; provided that each reference therein to the “Borrower” or “Holdings” shall be deemed to be a reference to the “Loan Parties”.

(b) Without limitation of its indemnification obligations under the other Loan Documents, the Guarantors and the Grantors jointly and severally agree to indemnify the Administrative Agent and the other Indemnitees against, and hold each Indemnitee harmless from, any and all losses, claims, damages, penalties, liabilities and related expenses, including the reasonable and documented or invoiced out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee (including reasonable fees, disbursements and other charges of one counsel for all Indemnitees, taken as a whole, and, if necessary, one firm of local counsel in each appropriate jurisdiction (which

may include a single special counsel acting in multiple jurisdictions) for all Indemnitees, taken as a whole (and, in the case of an actual or perceived conflict of interest, where an Indemnified Institution affected by such conflict informs the Borrower of such conflict and thereafter retains its own counsel, of another firm of counsel for such affected Indemnified Institution)), incurred by or asserted against any Indemnitee arising out of or relating to, based upon, or as a result of, the preparation, execution, delivery, performance or administration of this Agreement or any other agreement or instrument contemplated thereby or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, or to the Collateral, whether based on contract, tor or any other theory and whether initiated against or by any party to this Agreement, any Affiliate of any such party or any third party (and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (i) are determined by a court of competent jurisdiction in a final and non-appealable decision to have resulted from (A) the gross negligence or willful misconduct of such Indemnitee or (B) a breach by such Indemnitee of a material obligation under this Agreement in bad faith or (ii) have resulted from any proceeding that does not involve an act or omission by the Borrower or any of its Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than the Administrative Agent (and any sub-agent thereof) in its capacity as such). This Section 7.03(b) shall not apply with respect to Taxes other than any Taxes that represent losses or damages arising from any non-Tax claim.

(c) Any such amounts payable as provided hereunder shall be additional Obligations secured hereby and by the other Security Documents. The provisions of this Section 7.03 shall survive and remain in full force and effect regardless of the termination of this Agreement or any other Loan Document, the consummation of the transactions contemplated hereby or thereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document or any investigation made by or on behalf of the Administrative Agent or any other Secured Party.

(d) All amounts due under this Section 7.03 shall be payable promptly after written demand therefor.

SECTION 7.04. Survival of Agreement. All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Secured Parties and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by or on behalf of any Secured Party and notwithstanding that any Secured Party may have had notice or knowledge of any Default or incorrect representation or warranty at the time any Loan Document is executed and delivered or any credit is extended under the Credit Agreement, and, subject to Section 7.12 hereof, shall continue in full force and effect until Payment In Full.

SECTION 7.05. Counterparts; Effectiveness, Successors and Assigns. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract. This Agreement shall become effective as to any Loan Party when a counterpart hereof executed on behalf of such Loan Party shall have been delivered to the Administrative Agent and a counterpart hereof shall have been executed on behalf of the Administrative Agent, and thereafter shall be binding upon such Loan Party and the Administrative Agent and their respective permitted successors and assigns, and shall inure to the benefit of such Loan Party, the Administrative Agent and the other Secured Parties and their respective permitted successors and assigns, except that no Loan Party may assign or otherwise transfer any of its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer by any Loan Party shall be null and void), except as expressly contemplated by this Agreement or the Credit Agreement. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Agreement.

SECTION 7.06. Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

SECTION 7.07. Right of Set-Off. If an Event of Default shall have occurred and be continuing, the Administrative Agent, each Lender and each Issuing Bank, and each Affiliate of any of the foregoing, is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final), in whatever currency) or other amounts at any time held and other obligations (in whatever currency) at any time owing by the Administrative Agent, such Lender or Issuing Bank, or by such an Affiliate, to or for the credit or the account of any Loan Party against any of and all the obligations then due of such Loan Party now or hereafter existing under this Agreement owed to the Administrative Agent held by such Lender or such Issuing Bank, irrespective of whether or not such Administrative Agent, Lender or Issuing Bank shall have made any demand under this Agreement. The rights of each Lender and each Issuing Bank, and each Affiliate of any of the foregoing, under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, Issuing Bank or Affiliate may have.

SECTION 7.08. Governing Law; Jurisdiction; Consent to Service of Process. (a) This Agreement shall be construed in accordance with and governed by the law of the State of New York.

(b) Each Loan Party hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such New York State or, to the fullest extent permitted by applicable law, in such Federal court. Each Loan Party agrees that a final judgment in any such action, litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party or any of its properties in the courts of any jurisdiction.

(c) Each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent permitted by applicable law, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (b) of this Section 7.08. Each of the Loan Parties hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

(d) Each Loan Party irrevocably consents to service of process in the manner provided for notices in Section 7.01. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law.

SECTION 7.09. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.09.

SECTION 7.10. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

SECTION 7.11. Security Interest Absolute. All rights of the Administrative Agent hereunder, the Security Interest, the grant of the security interest in the Pledged Collateral and all obligations of each Loan Party hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment to or waiver of, or any consent to any departure from, the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or non-perfection of any Lien on other collateral securing, or any release or amendment to or waiver of, or any consent to any departure from, any guarantee of, all or any of the Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Loan Party in respect of the Obligations or this Agreement (other than a release of any Grantor, Guarantor or Collateral in accordance with Section 7.12).

SECTION 7.12. Termination or Release. (a) This Agreement, the Guarantees made herein, the Security Interest and all other security interests granted hereby shall terminate upon Payment In Full.

(b) A Subsidiary Loan Party shall automatically be released from its obligations hereunder and the Security Interest in the Collateral of such Subsidiary Loan Party shall be automatically released upon the consummation of any transaction permitted by the Credit Agreement as a result of which such Subsidiary Loan Party ceases to be a Subsidiary, or as otherwise expressly permitted under Section 9.14 of the Credit Agreement.

(c) Upon any Disposition by any Grantor of any Collateral that is permitted under the Credit Agreement (other than a Disposition to a Loan Party), or upon the effectiveness of any written consent to the release of the security interest granted hereby in any Collateral pursuant to Section 9.02 or Section 9.14 of the Credit Agreement, the security interest in such Collateral shall be automatically released.

(d) In connection with any termination or release pursuant to paragraph (a), (b) or (c) of this Section 7.12, the Administrative Agent shall execute and deliver to any Grantor, at such Grantor’s expense, all documents that such Grantor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.12 shall be without warranty by the Administrative Agent, and the Administrative Agent shall have no liability whatsoever to any other Secured Party as a result of any release of Collateral by it in accordance with (or which the Administrative Agent in good faith believes to be in accordance with) this Section 7.12.

SECTION 7.13. Additional Subsidiaries. Pursuant to the Credit Agreement, certain Subsidiaries not a party hereto on the Effective Date are required to enter into this Agreement. Upon the execution and delivery by the Administrative Agent and any such Subsidiary of a Supplement, such Subsidiary shall become a Subsidiary Loan Party, a Guarantor and a Grantor hereunder, with the same force and effect as if originally named as such herein. The execution and delivery of any Supplement shall not require the consent of any other Loan Party. The rights and obligations of each Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Loan Party as a party to this Agreement.

SECTION 7.14. Administrative Agent Appointed Attorney-in-Fact. Each Grantor hereby appoints the Administrative Agent the attorney-in-fact of such Grantor for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that the Administrative Agent may deem necessary for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that the Administrative Agent may deem necessary or advisable to accomplish the purposes hereof, at any time after the occurrence and during the continuance of an Event of Default, which appointment is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, the Administrative Agent shall have the right, but only upon the occurrence and during the continuance of an Event of Default, with full power of substitution either in the Administrative Agent’s name or in the name of such Grantor (a) to receive, endorse, assign and/or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or any part thereof; (b) to demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of the Collateral; (c) to sign the name of any Grantor on any invoice or xxxx of lading relating to any of the Collateral; (d) to send verifications of Accounts Receivable to any Account Debtor; (e) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral; (f) to settle, compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any of the Collateral; (g) to notify, or to require any Grantor to notify, Account Debtors to make payment directly to the Administrative Agent; and (h) to use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though the Administrative Agent were the absolute owner of the Collateral for all purposes, provided that nothing herein contained shall be construed as requiring or obligating the Administrative Agent to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the Administrative Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any property covered thereby. The Administrative Agent and the other Secured Parties shall be accountable only for amounts actually received as a result of the exercise of the powers granted to them herein, and neither they nor their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision).

SECTION 7.15. Certain Acknowledgments and Agreements. Each Subsidiary Loan Party hereby acknowledges the provisions of Section 2.17 of the Credit Agreement and agrees to be bound by such provisions with the same force and effect, and to the same extent, as if such Subsidiary Loan Party were a party to the Credit Agreement.

SECTION 7.16. Secured Cash Management Obligations and Secured Hedge Obligations. No Secured Party that obtains the benefit of this Agreement shall have any right to notice of any action or to consent to, direct or object to, any action hereunder or otherwise in respect of the Collateral (including, without limitation, the release or impairment of any Collateral) other than in its capacity as a Lender, an Issuing Bank or the Administrative Agent, as applicable, and, in any such case, only to the extent expressly provided in the Loan Documents, including without limitation Article VIII of the Credit Agreement. Each Secured Party not a party to the Credit Agreement that obtains the benefit of this Agreement shall be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of the Credit Agreement, including, without limitation, under Article VIII of the Credit Agreement.

[SIGNATURE PAGES FOLLOW]

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


XXXXXXXXXXXX.XXX, LLC,

		by


		Name:
		Title:

SURVEYMONKEY INC.,

		by


		Name:
		Title:

INFINITY BOX INC.,

		by


		Name:
		Title:

[SIGNATURE PAGE TO GUARANTEE AND COLLATERAL AGREEMENT]


JPMORGAN CHASE BANK, N.A., as Administrative Agent,

		by


		Name:
		Title:

Schedule I to

the Guarantee and

Collateral Agreement

LOAN PARTIES

Schedule II to

the Guarantee and

Collateral Agreement

PLEDGED EQUITY INTERESTS

Grantor

Issuer
(Jurisdiction)

Type of
Organization

Number of
Shares
Pledged

Percentage
of Interest
Pledged

Certificate No(s) (if
uncertificated,
indicate so)

PLEDGED DEBT SECURITIES

•

The Global Intercompany Note and

Grantor

Debtor

Type of Instrument

Outstanding Principal
Amount

Schedule III to

the Guarantee and

Collateral Agreement

INTELLECTUAL PROPERTY

Copyrights

Registered Owner

Title

Registration Number

Expiration Date

II.

Registered Owner

Title

Application Number

Date Filed

III.

Exclusive Copyright Licenses (where a Grantor is a licensee and the annual cost of such license (in any year) is in excess of $500,000 unless the interest in such license is filed for or on behalf of a Grantor with the United States Copyright Office)

Licensee

Licensor

Title

Registration Number

Expiration Date

IV.

Patents

Registered Owner

Title of Patent

Registration
Number

Date

^IssueExpiration

Patent Applications

Registered Owner

Title of Patent

Application
Date Number

Filed

VI.

Trademarks

Registered

Owner

Xxxx

Registration No.

Registration Date

Expiration Date

VII.

Trademark Applications

Registered Owner

Xxxx

Application
No.

Filing
Date

VIII.

Domain Names


Registered Owner						Domain Name

IX.

Domain Name Registrars

Domain Name Registrars

Schedule IV to

the Guarantee and

Collateral Agreement

COMMERCIAL TORT CLAIMS

Exhibit I to

the Guarantee and

Collateral Agreement

SUPPLEMENT NO. [ ] dated as of [•] (this “Supplement”), to the Guarantee and Collateral Agreement dated as of February 7, 2013 (the “Collateral Agreement”), XXXXXXXXXXXX.XXX, LLC, a Delaware limited liability company (the “Borrower”), SURVEYMONKEY INC., a Delaware corporation (“Holdings”), the SUBSIDIARY LOAN PARTIES from time to time party thereto and JPMORGAN CHASE BANK, N.A. (“JPMCB”), as Administrative Agent (in such capacity, the “Administrative Agent”).

A. Reference is made to the Credit Agreement dated as of February 7, 2013 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, Holdings, the Lenders and Issuing Banks from time to time party thereto and JPMCB, as Administrative Agent.

B. Each capitalized term used herein and not otherwise defined herein shall have the meaning specified in the Collateral Agreement.

C. The Guarantors and Grantors have entered into the Collateral Agreement in order to induce the Lenders and the Issuing Banks to make extensions of credit to the Borrower under the Credit Agreement. Section 7.13 of the Collateral Agreement provides that additional Subsidiaries may become Subsidiary Loan Parties, Guarantors and Grantors under the Collateral Agreement by the execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the Credit Agreement and the Collateral Agreement to become a Subsidiary Loan Party under the Collateral Agreement in order to induce the Lenders and the Issuing Bank to make additional extensions of credit under the Credit Agreement and as consideration for such extensions of credit previously made.

Accordingly, the Administrative Agent and the New Subsidiary agree as follows:

SECTION 1. In accordance with Section 7.13 of the Collateral Agreement, the New Subsidiary by its signature below becomes a Subsidiary Loan Party, a Grantor and a Guarantor under the Collateral Agreement with the same force and effect as if originally named therein as such, and the New Subsidiary hereby (a) agrees to all the terms and provisions of the Collateral Agreement applicable to it in such capacities and (b) represents and warrants that the representations and warranties made by it in such capacities thereunder (as the Collateral Agreement may be supplemented by this Supplement) are true and correct in all material respects on and as of the date hereof. In furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of the Obligations, does hereby create and grant to the Administrative Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest

in and lien on all of the New Subsidiary’s right, title and interest in, to and under the Collateral of the New Subsidiary. The New Subsidiary hereby irrevocably authorizes the Administrative Agent (or its designee) at any time and from time to time to file in any relevant jurisdiction any financing statements (including fixture filings) with respect to its Article 9 Collateral or any part thereof and amendments thereto that (i) indicate the Collateral as all assets whether now or hereafter acquired of such New Subsidiary or words of similar effect as being of an equal or lesser scope or with greater detail, and (ii) contain the information required by Article 9 of the Uniform Commercial Code of each applicable jurisdiction for the filing of any financing statement or amendment, including (A) whether the New Subsidiary is an organization, the type of organization and any organizational identification number, if any, issued to such New Subsidiary and (B) in the case of a financing statement filed as a fixture filing, a sufficient description of the real property to which such Article 9 Collateral relates. Each reference to a “Loan Party”, a “Subsidiary Loan Party”, a “Guarantor” and a “Grantor” in the Collateral Agreement shall be deemed to include the New Subsidiary. The Collateral Agreement is hereby incorporated herein by reference.

SECTION 2. The New Subsidiary represents and warrants to the Administrative Agent and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single agreement. This Supplement shall become effective when the Administrative Agent shall have received a counterpart of this Supplement that bears the signature of the New Subsidiary and the Administrative Agent has executed a counterpart hereof. Delivery of an executed counterpart of a signature page of this Supplement by facsimile or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Supplement.

SECTION 4. The New Subsidiary hereby represents and warrants, in each case, as of the date hereof, that (a) set forth on Schedule I attached hereto is a true and complete schedule of the legal name of the New Subsidiary, its jurisdiction of organization, form of organization, organizational identification number (if any), federal taxpayer identification number (if applicable) and the location of its chief executive office, (b) set forth on Schedule II attached hereto is a true and complete schedule of all the Pledged Securities of the New Subsidiary and the Equity Interests of the New Subsidiary and (c) set forth on Schedule III attached hereto is a true and correct schedule of Intellectual Property consisting of Copyrights, exclusive Copyright Licenses (where (i) the New Subsidiary is a licensee and (ii) the annual cost of such license (in any year) is in excess of $500,000 unless the interest in such license is filed for or on behalf of the New Subsidiary with the United States Copyright Office), Domain Names, Patents and Trademarks of the New Subsidiary.

[SIGNATURE PAGE TO GUARANTEE AND COLLATERAL AGREEMENT]

SECTION 5. Except as expressly supplemented hereby, the Collateral Agreement shall remain in full force and effect.

SECTION 6. THIS SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY, THE LAW OF THE STATE OF NEW YORK.

SECTION 7. Any provision of this Supplement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

SECTION 8. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 9.01 of the Credit Agreement. All communications and notice to the New Subsidiary shall be given to it in care of the Borrower as provided in Section 9.01 of the Credit Agreement.

SECTION 9. The New Subsidiary agrees to reimburse the Administrative Agent for its reasonable and documented out-of-pocket expenses in connection with this Supplement, including the reasonable and documented fees, other charges and disbursements of counsel for the Administrative Agent.

[SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, the undersigned have duly executed this Supplement as of the date first set forth above.



[NAME OF NEW SUBSIDIARY],

		by

		Name:
		Title:

JPMORGAN CHASE BANK, N.A.,
as Administrative Agent

		by

		Name:
		Title:

Schedule I

to Supplement No. to the

Guarantee and

Collateral Agreement

NEW SUBSIDIARY INFORMATION


New Subsidiary		Jurisdiction of Organization		Form of Organization		Organizational Identification Number (if any)		Federal Taxpayer Identification Number (if applicable)		Chief Executive Office Address (including county)

Schedule II

to Supplement No. to the

Guarantee and

Collateral Agreement

PLEDGED SECURITIES

Equity Interests

New Subsidiary

Issuer
(Jurisdiction)

Type of
Organization

Number
of Shares
Pledged

Percentage
of Interest
Pledged

Certificate No(s) (if
uncertificated,
indicate so)

Owner of New

Subsidiary

New
Subsidiary

Type of
Organization

Number
of Shares
Pledged

Percentage
of Interest
Pledged

Certificate No(s) (if
uncertificated,
indicate so)

Debt Securities

New Subsidiary

Debtor

Type of
Instrument

Outstanding
Principal Amount

INTELLECTUAL PROPERTY

Copyrights

New Subsidiary

Title

Registration Number

Expiration Date

II.

Exclusive Copyright Licenses (where (i) the New Subsidiary is a licensee and (ii) the annual cost of such license (in any year) is in excess of $500,000 unless the interest in such license is filed for or on behalf of the New Subsidiary with the United States Copyright Office)

New Subsidiary

Licensor

Title

Registration Number

Expiration Date

III.

Patents and Patent Applications


New Subsidiary	Title of Patent	Registration Number	Application No.	Issue Date	Expiration

IV.

Trademarks and Trademark Applications


New Subsidiary	Xxxx	Application No.	Registration No.	Registration Date	Expiration Date

Domain Names


New Subsidiary		Domain Name

Exhibit II to

the Guarantee and

Collateral Agreement

PATENT SECURITY AGREEMENT dated as of [•] (this “Agreement”), between [APPLICABLE GRANTOR(S)] (the “Grantors”) and JPMorgan Chase Bank, N.A. (“JPMCB”), as Administrative Agent.

Reference is made to (a) the Credit Agreement dated as of February 7, 2013 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among XxxxxxXxxxxx.xxx, LLC, as Borrower, SurveyMonkey Inc., the Lenders party thereto and JPMCB, as Administrative Agent, and (b) the Guarantee and Collateral Agreement dated as of February 7, 2013 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Collateral Agreement”), among the Borrower, Holdings, the Subsidiary Loan Parties from time to time party thereto and JPMCB, as Administrative Agent. The Lenders and the Issuing Banks have extended, and have agreed to extend, credit to the Borrower subject to the terms and conditions set forth in the Credit Agreement. The Grantors (other than the Borrower) are Affiliates of the Borrower, will derive substantial benefits from the extension of credit to the Borrower under the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders and the Issuing Banks to extend such credit. Accordingly, the parties hereto agree as follows:

SECTION 1. Terms. Each capitalized term used but not otherwise defined herein shall have the meaning specified in the Credit Agreement or the Collateral Agreement, as applicable. The rules of construction specified in Section 1.03 of the Credit Agreement also apply to this Agreement, mutatis mutandis.

SECTION 2. Grant of Security Interest. As security for the payment or performance, as the case may be, in full of the Obligations, each Grantor, pursuant to the Collateral Agreement, did and hereby does grant to the Administrative Agent, its permitted successors and assigns, for the benefit of the Secured Parties, a security interest in all right, title and interest in, to and under any and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time hereafter may acquire any right, title or interest (collectively, the “Patent Collateral”):

All patent rights in any work subject to the patent laws of the United States, whether as author, assignee, transferee or otherwise; and all registrations and applications for registration of any such patent in the United States, including registrations, recordings, supplemental registrations and pending applications for registration in the United States Patent and Trademark Office, including those listed on Schedule I.

Exhibit II to

the Guarantee and

Collateral Agreement

SECTION 3. Collateral Agreement. The security interests granted to the Administrative Agent herein are granted in furtherance, and not in limitation of, the security interests granted to the Administrative Agent pursuant to the Collateral Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of the Administrative Agent with respect to the Patent Collateral are more fully set forth in the Collateral Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. In the event of any conflict between the terms of this Agreement and the Collateral Agreement, the terms of the Collateral Agreement shall govern.

SECTION 4. Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Agreement.

[SIGNATURE PAGES FOLLOW]

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


XXXXXXXXXXXX.XXX, LLC, as Grantor



By:
		Name:
		Title:

JPMORGAN CHASE BANK, N.A., as Administrative Agent



By:
		Name:
		Title:

[SIGNATURE PAGE TO PATENT SECURITY AGREEMENT]

SCHEDULE I

Patents

Registered Owner

Title of Patent

Registration
Number

Issue
Date

Expiration

Patent Applications

Registered Owner

Title of Patent

Application
Number

Date
Filed

[SIGNATURE PAGE TO PATENT SECURITY AGREEMENT]

Exhibit III to

the Guarantee and

Collateral Agreement

TRADEMARK SECURITY AGREEMENT dated as of [•] (this “Agreement”), between [APPLICABLE GRANTOR(S)] (the “Grantors”) and JPMorgan Chase Bank, N.A. (“JPMCB”), as Administrative Agent.

Reference is made to (a) the Credit Agreement dated as of February 7, 2013 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among XxxxxxXxxxxx.xxx, LLC, as the Borrower, SurveyMonkey Inc., the Lenders party thereto and JPMCB, as Administrative Agent, and (b) the Guarantee and Collateral Agreement dated as of February 7, 2013 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Collateral Agreement”), among the Borrower, Holdings, the Subsidiary Loan Parties from time to time party thereto and JPMCB, as Administrative Agent. The Lenders and the Issuing Banks have extended, and have agreed to extend, credit to the Borrower subject to the terms and conditions set forth in the Credit Agreement. The Grantors (other than the Borrower) are Affiliates of the Borrower, will derive substantial benefits from the extension of credit to the Borrower under the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders and the Issuing Banks to extend such credit. Accordingly, the parties hereto agree as follows:

All trademark rights in any work subject to the trademark laws of the United States, whether as author, assignee, transferee or otherwise; and all registrations and applications for registration of any such trademark in the United States, including registrations, recordings, supplemental registrations and pending applications for registration in the United States Patent and Trademark Office, including those listed on Schedule I.

[SIGNATURE PAGE TO PATENT SECURITY AGREEMENT]

SECTION 3. Collateral Agreement. The security interests granted to the Administrative Agent herein are granted in furtherance, and not in limitation of, the security interests granted to the Administrative Agent pursuant to the Collateral Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of the Administrative Agent with respect to the Trademark Collateral are more fully set forth in the Collateral Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. In the event of any conflict between the terms of this Agreement and the Collateral Agreement, the terms of the Collateral Agreement shall govern.

[SIGNATURE PAGES FOLLOW]

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

XXXXXXXXXXXX.XXX, LLC,

as Grantor



By:
		Name:
		Title:

INFINITY BOX INC., as Grantor



By:
		Name:
		Title:

JPMORGAN CHASE BANK, N.A., as Administrative Agent



By:
		Name:
		Title:

[SIGNATURE PAGE TO TRADEMARK SECURITY AGREEMENT]

SCHEDULE I

Trademarks

Registered

Owner

Xxxx

Application
No.

Registration
No.

Registration
Date

Expiration
Date

Trademark Applications

Registered

Owner

Xxxx

Application
No.

Filing
Date

COPYRIGHT SECURITY AGREEMENT dated as of [•] (this “Agreement”), between [APPLICABLE GRANTOR(S)] (the “Grantors”) and JPMorgan Chase Bank, N.A. (“JPMCB”), as Administrative Agent.

Reference is made to (a) the Credit Agreement dated as of February 7, 2013 (as amended, restated amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among XxxxxxXxxxxx.xxx, LLC, as the Borrower, SurveyMonkey Inc., the Lenders party thereto and JPMCB, as Administrative Agent, and (b) the Guarantee and Collateral Agreement dated as of February 7, 2013 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Collateral Agreement”), among the Borrower, Holdings, the Subsidiary Loan Parties from time to time party thereto and JPMCB, as Administrative Agent. The Lenders and the Issuing Banks have extended, and have agreed to extend, credit to the Borrower subject to the terms and conditions set forth in the Credit Agreement. The Grantors (other than the Borrower) are Affiliates of the Borrower, will derive substantial benefits from the extension of credit to the Borrower under the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders and the Issuing Banks to extend such credit. Accordingly, the parties hereto agree as follows:

All copyright rights in any work subject to the copyright laws of the United States, whether as author, assignee, transferee or otherwise; and all registrations and applications for registration of any such copyright in the United States, including registrations, recordings, supplemental registrations and pending applications for registration in the United States Copyright Office, including those listed on Schedule I.

SECTION 3. Collateral Agreement. The security interests granted to the Administrative Agent herein are granted in furtherance, and not in limitation of, the security interests granted to the Administrative Agent pursuant to the Collateral Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of the Administrative Agent with respect to the Copyright Collateral are more fully set forth in the Collateral Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. In the event of any conflict between the terms of this Agreement and the Collateral Agreement, the terms of the Collateral Agreement shall govern.

[SIGNATURE PAGES FOLLOW]

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

XXXXXXXXXXXX.XXX, LLC,

as Grantor



By:
		Name:
		Title:

INFINITY BOX INC., as Grantor



By:
		Name:
		Title:

JPMORGAN CHASE BANK, N.A., as Administrative Agent



By:
		Name:
		Title:

[SIGNATURE PAGE TO COPYRIGHT SECURITY AGREEMENT]

SCHEDULE I

Copyrights


Registered Owner	Title	Registration Number	Expiration Date


Registered Owner	Title	Application Number	Date Filed

Copyright Licenses (where (i) a Grantor is a licensee and (ii) the annual cost of such license (in any year) is in excess of $500,000 unless the interest in such license is filed for or on behalf of a Grantor with the United States Copyright Office)


Licensee	Licensor	Title	Registration Number	Expiration Date

EXHIBIT D

[FORM OF] COMPLIANCE CERTIFICATE¹

[The form of this Compliance Certificate has been prepared for convenience only, and is not to affect, or to be taken into consideration in interpreting, the terms of the Credit Agreement referred to below. The obligations of Holdings and the Borrower under the Credit Agreement are as set forth in the Credit Agreement, and nothing in this Compliance Certificate, or the form hereof, shall modify such obligations or constitute a waiver of compliance therewith in accordance with the terms of the Credit Agreement. In the event of any conflict between the terms of this Compliance Certificate and the terms of the Credit Agreement, the terms of the Credit Agreement shall govern and control, and the terms of this Compliance Certificate are to be modified accordingly.]

Credit Agreement dated as of February 7, 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among XxxxxxXxxxxx.xxx, LLC (the “Borrower”), SurveyMonkey Inc. (“Holdings”), the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. Each capitalized term used but not defined herein shall have the meaning specified in the Credit Agreement.

The undersigned hereby certifies, in [his] [her] capacity as a [FINANCIAL OFFICER] of each of Holdings and the Borrower and not in a personal capacity, as follows:

1. I am a Financial Officer of each of Holdings and the Borrower.

2. [Attached as Schedule I hereto is the audited consolidated financial statements required by Section 5.01(a) of the Credit Agreement for the fiscal year ended [•], setting forth in each case in comparative form the figures for the prior fiscal year, all audited by and accompanied by the opinion of PricewaterhouseCoopers LLP or another independent registered public accounting firm of recognized national standing required by Section 5.01(a) of the Credit Agreement.]

[or]

[Attached as Schedule I hereto are the consolidated financial statements required by Section 5.01(b) of the Credit Agreement for the fiscal quarter ended [•], setting forth in comparative form the figures for the corresponding period of (or, in the case of the balance sheet, as of the end of) the prior fiscal year. Such financial statements fairly present, in all material respects, the financial position, results of operations and cash flows of Holdings and its consolidated Subsidiaries on a consolidated basis as of the end of and for such fiscal quarter and the applicable elapsed portion of the applicable fiscal year in accordance with GAAP, subject to normal year-end audit adjustments and the absence of certain footnotes.]

To be delivered to the Administrative Agent concurrently with the delivery of financial statements under Sections 5.01(a) or 5.01(b) of the Credit Agreement (or, so long as Holdings shall be subject to periodic reporting obligations under the Exchange Act, within five Business Days of each delivery thereof).

3. I have reviewed the terms of the Credit Agreement and I have made, or have caused to be made under my supervision, a review in reasonable detail of the transactions and condition of Holdings, the Borrower and the other Subsidiaries during the accounting period covered by the attached financial statements. The foregoing examination did not disclose, and I have no knowledge of the occurrence of a Default during or at the end of the most recent fiscal quarter covered by the attached financial statements or as of the date of this Certificate, except as set forth in a separate attachment, if any, to this Certificate, specifying the details thereof and any action the Borrower has taken or proposes to take with respect thereto.

4. Attached as Schedule II hereto are reasonably detailed calculations of the Leverage Ratio and the Interest Coverage Ratio as of the last day of the fiscal period covered by the [consolidated financial statements most recently delivered pursuant to Sections 5.01(a) or 5.01(b) of the Credit Agreement] [attached financial statements].

5. All notices required to be provided under Sections 5.03 and 5.04 of the Credit Agreement have been provided.

6. [Attached as Schedule III hereto are reasonably detailed calculations with respect to which Subsidiaries are Material Subsidiaries based on the information contained in the [consolidated financial statements most recently delivered pursuant to Sections 5.01(a) or 5.01(b) of the Credit Agreement] attached financial statements] and identifying each Subsidiary, if any, that has automatically been designated a Material Subsidiary in order to satisfy the condition set forth in the definition of the term “Material Subsidiary” in the Credit Agreement.]²

7. Schedule W, attached hereto, identifies each Subsidiary that (A) is an Excluded Subsidiary as of the date hereof but has not been identified as an Excluded Subsidiary in Schedule 3.11A of the Credit Agreement or in any prior Compliance Certificate or (B) has previously been identified as an Excluded Subsidiary but has ceased to be an Excluded Subsidiary.

8. [Attached as Schedule V hereto are the amounts of utilization during the most recent fiscal quarter included in the financial statements attached hereto of the Available Basket Amount, the Available ECF Amount and any Qualifying Equity Proceeds to make Investments in reliance on Section 6.04(v) of the Credit Agreement, Restricted Payments in reliance on Section 6.08(a)(viii) of the Credit Agreement and expenditures in respect of Junior Indebtedness in reliance on Section 6.08(b)(vi) of the Credit Agreement, specifying each such use and the amount thereof.]³

9. Attached as Schedule VI hereto are the number of total number of total paid subscribers for the main services of the Loan Parties as of the beginning and as of the end of the most recent fiscal quarter included in the financial statements attached hereto.

²	To be included unless each wholly owned Domestic Subsidiary constitutes a Loan Party or has been designated as a Material Subsidiary prior to the time the Compliance Certificate is delivered.

³	To be included only to the extent utilized during the most recent fiscal quarter covered by the Compliance Certificate.

10. [Attached as Schedule VII hereto are reasonably detailed calculations with respect to Excess Cash Flow for the most recently ended fiscal year.]⁴

11. The financial covenant analyses and other information set forth on Schedule II hereto are true and accurate in all material respects on and as of the date of this Certificate.

The foregoing certifications are made and delivered on the date first written above pursuant to Section 5.01(c) of the Credit Agreement.


XXXXXXXXXXXX.XXX, LLC, as Borrower,

SURVEYMONKEY INC., as Holdings,

		By

		Name:
		Title:

⁴	To be included for Compliance Certificates delivered pursuant to Section 5.01(c) (in respect of the financial statements required to be delivered pursuant to Section 5.01(a)) for fiscal years ending on or after December 31, 2013.

SCHUDULE I TO

COMPLIANCE CERTIFICATE

FINANCIAL STATEMENTS FOR THE FISCAL [QUARTER] [YEAR] ENDED

[mm/dd/yy].

SCHUDULE II TO

COMPLIANCE CERTIFICATE

FOR THE FISCAL [QUARTER] [YEAR] ENDED [mm/dd/yy].


1.			Leverage Ratio: (i) / (ii) =	[ ]x

	(i)		net Consolidated Funded Debt: (a) – ((b) + (c))¹ =	$[___,___,___]

		(a)	Consolidated Funded Debt:	$[___,___,___]

		(b)	Available Domestic Cash in excess of $5,000,000:	$[___,___,___]

		(c)	70% of Available Foreign Cash:	$[___,___,___]

	(ii)		Consolidated EBITDA for the period of four consecutive fiscal quarters of Holdings most recently ended on or prior to such date:	$[___,___,___]

2.			Consolidated Funded Debt:² (i) =	$[___,___,___]

	(i)		the sum of (a) all obligations for borrowed money, whether current or long-term and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) all purchase money Indebtedness; (c) the maximum amount available to be drawn under all letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments (excluding any of the foregoing securing obligations under the New Building Lease); (d) all obligations in respect of the deferred purchase price of property or services (excluding deferred compensation, accruals for payroll and other operating expenses accrued in the ordinary course of business and accounts payable in the ordinary course of business, but including any earn-out obligations that are required to be shown as a liability on t0he balance sheet of Holdings and its Subsidiaries and not contingent (but excluding earn-out obligations that are not payable in cash)); (e) all Capital Lease

¹	The sum of (b) and (c) not to exceed $50,000,000.

Notwithstanding anything to the contrary contained herein, (x) Consolidated Funded Indebtedness shall not include (i) any amounts relating to employee consulting arrangements, accrued expenses, deferred rent, deferred taxes, customary obligations under employment agreements and deferred compensation or (ii) post-closing purchase price adjustments and (y) the amount of any item of Consolidated Funded Debt will be determined without giving effect to any election to value any Indebtedness at “fair value”, as described in Section 1.04(a) of the Credit Agreement, or any other accounting principle that results in the amount of any such Indebtedness (other than zero coupon Indebtedness) to be below the stated principal amount of such Indebtedness.

Schedule II to the Compliance Certificate


			Obligations; (f) all Disqualified Equity Interests (other than the Series A Convertible Preferred Stock); (g) all Guarantees with respect to Indebtedness of the types specified in clauses (a) through (f) above of another Person; and (h) all Indebtedness of the types referred to in clauses (a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which any Loan Party or any Subsidiary is a general partner or joint venturer, to the extent that such Indebtedness is recourse to such Person:	$[___,___,___]

4.			Consolidated EBITDA:³ (i) + (ii) – (iii) =	$[___,___,___]

	(i)		Consolidated Net Income:	$[___,___,___]

	(ii)⁴		the sum of:	$[___,___,___]

		(a)	consolidated interest expense for such period (including imputed interest expense in respect of Capital Lease Obligations):	$[___,___,___]

		(b)	consolidated interest expense for such period (including imputed interest expense in respect of Capital Lease Obligations):	$[___,___,___]

		(c)	provision for taxes based on income, profits or capital, including foreign withholding tax and federal, foreign, state, franchise and similar taxes paid or accrued during such period (including in respect of repatriated funds):	$[___,___,___]

		(d)	all amounts attributable to depreciation and amortization for such period (excluding amortization attributable to a prepaid cash expense item that was paid in a prior period, but including amortization of deferred financing fees and costs and amortization of intangibles):	$[___,___,___]

Notwithstanding anything to the contrary contained herein, Consolidated EBITDA shall be deemed to be $17,013,000, $18,186,000, $17,017,000 and $16,710,000 for the fiscal quarters ended on March 31, 2012, June 30, 2012, September 30, 2012 and December 31, 2012, respectively. Consolidated EBITDA shall be calculated so as to exclude (a) the cumulative effect of any changes in GAAP or accounting principles applied by management; and (b) any gains or losses on foreign currency derivatives and any foreign currency transaction gains or losses that arise upon consolidation; and (c) purchase accounting adjustments.

⁴	Items to be set forth without duplication and to the extent deducted in determining Consolidated Net Income.

Schedule II to the Compliance Certificate


(e)	any extraordinary losses for such period:	$[___,___,___]

(f)	any unusual or non-recurring losses, expenses or charges for such period⁵:	$[___,___,___]

(g)	any Non-Cash Charges for such period⁶:	$[___,___,___]

(h)	costs, fees, and other third-party expenses during such period related to any Permitted Acquisition or other Investment permitted under Section 6.04 of the Amended and Restated Credit Agreement, any issuance of Equity Interests, any Disposition permitted under the Amended and Restated Credit Agreement, any recapitalization or the incurrence of Indebtedness permitted to be incurred under the Amended and Restated Credit Agreement, including a refinancing thereof and any amendment or modification to the terms of any such transactions (in each case, if permitted by the Amended and Restated Credit Agreement and whether or not such transaction is consummated, but in any event excluding Pro Forma Adjustments):	$[___,___,___]

(i)	any financial advisory fees, accounting fees, legal fees and other similar third-party advisory and consulting fees and related out-of-pocket expenses of Holdings, the Borrower and the other Subsidiaries during such period incurred as a result of the Transactions:	$[___,___,___]

(j)	cash restructuring charges, accruals or reserves (including adjustments to existing reserves) and other cash expenses incurred in connection with Permitted Acquisitions or other acquisitions for such period (including restructuring, severance, transition and relocation costs, retention payments, change of control bonuses and similar expenses related to acquisitions)⁷:	$[___,___,___]

⁵	The aggregate amount of all amounts under clauses (f), (j) and (n) shall not exceed, and shall be limited to, 20% of Consolidated EBITDA in respect of the Test Period.

⁶	Any cash payment made with respect to any Non-Cash Charges added back in computing Consolidated EBITDA for any prior period pursuant to clause (g) above shall be subtracted in computing Consolidated EBITDA for the period in which such cash payment is made.

⁷	The aggregate amount of all amounts under clauses (f), (j) and (n) shall not exceed, and shall be limited to, 20% of Consolidated EBITDA in respect of the Test Period.

Schedule II to the Compliance Certificate


	(k)	losses on assets during such period in connection with asset sales, disposals or abandonments (other than asset sales, disposals or abandonments in the ordinary course of business):	$[___,___,___]

	(l)	the amount of any net losses from discontinued operations in accordance with GAAP for such period:	$[___,___,___]

	(m)	any losses attributable to early extinguishment of Indebtedness or obligations under any Hedging Agreement for such period:	$[___,___,___]

	(n)	Pro Forma Adjustments in connection with Material Acquisitions consummated during such period⁸:	$[___,___,___]

(iii)⁹		the sum of:	$[___,___,___]

	(a)	any extraordinary gains for such period, determined on a consolidated basis in accordance with GAAP:	$[___,___,___]

	(b)	any gains attributable to the early extinguishment of Indebtedness or obligations under any Hedging Agreement for such period:	$[___,___,___]

	(c)	he decrease (if any) in the balance of the amount of deferred revenue as of the end of any such period below the balance of the amount of deferred revenue as of the end of the immediately prior period:	$[___,___,___]

	(d)	the amount of any net income from discontinued operations in accordance with GAAP for such period:	$[___,___,___]

⁸

The amount of Pro Forma Adjustments to be added back under clause (n) shall not exceed 10% of Consolidated EBITDA in respect of any Test Period, and the aggregate amount of all amounts under clauses (f), (j) and (n) shall not exceed, and shall be limited to, 20% of Consolidated EBITDA in respect of the Test Period.

⁹	Items to be set forth without duplication and to the extent included in determining Consolidated Net Income.

Schedule II to the Compliance Certificate


5.			Consolidated Net Income: (i) – (ii) =	$[___,___,___]

	(i)		the net income or loss of the Borrower and its consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP¹⁰:	$[___,___,___]

	(ii)		the sum of:	$[___,___,___]

		(a)	the income or loss of any Person (other than Holdings) that is not a consolidated Subsidiary except to the extent of the amount of cash dividends or similar cash distributions actually paid by such Person to Holdings, the Borrower or, subject to clauses (b) and (c) below, any other consolidated Subsidiary during such period:	$[___,___,___]

		(b)	the income of, and any amounts referred to in clause (a) above paid to, any consolidated Subsidiary (other than any Loan Party) to the extent that, on the date of determination, the declaration or payment of cash dividends or similar cash distributions by such Subsidiary is not permitted without any prior approval of any Governmental Authority that has not been obtained or is not permitted by the operation of the terms of the organizational documents of such Subsidiary, any agreement or other instrument binding upon Holdings or any Subsidiary or any law applicable to Holdings or any Subsidiary, unless such restrictions with respect to the payment of cash dividends and other similar cash distributions has been legally and effectively waived:	$[___,___,___]

¹⁰

To the extent not already included, this clause (i) shall include the amount of proceeds actually received by Holdings, the Borrower and the other Subsidiaries during the relevant period from business interruption insurance or from reimbursement of expenses and charges that are covered by indemnification and other reimbursement provisions in connection with any acquisition or other Investment or any Disposition of any asset permitted under the Amended and Restated Credit Agreement; provided that the amount of any such proceeds thereafter returned or repaid shall be deducted from Consolidated Net Income in the period in which so returned or repaid.

Schedule II to the Compliance Certificate


	(c)	the income or loss of, and any amounts referred to in clause (a) above paid to, any consolidated Subsidiary that is not wholly owned by Holdings to the extent such income or loss or such amounts are attributable to the noncontrolling interest in such consolidated Subsidiary:	$[___,___,___]

6.		Interest Coverage Ratio: (i) / (ii) =	[ ]x

	(i)	Consolidated EBITDA for Test Period:	$[___,___,___]

	(ii)	Consolidated Cash Interest Expense for Test Period:	$[___,___,___]

7.		Consolidated Cash Interest Expense: (i) - (ii) =	$[___,___,___]

	(i)	the interest expense (including imputed interest expense in respect of Capital Lease Obligations) of Holdings and its consolidated Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP, and (without duplication) any cash payments made during such period in respect of obligations referred to in clause (ii) below that were amortized or accrued in a previous period:	$[___,___,___]

	(ii)	to the extent included in such consolidated interest expense for such period, noncash amounts attributable to amortization of debt discounts, upfront fees and other financing costs (including legal and accounting costs), other noncash interest amounts and accrued interest payable in kind for such period:	$[___,___,___]

Schedule II to the Compliance Certificate

SCHEDULE [III][IV][V]

TO COMPLIANCE CERTIFICATE

Schedule [III][IV][V] to the Compliance Certificate

EXHIBIT E

[FORM OF] INTEREST ELECTION REQUEST

JPMorgan Chase Bank, N.A.,

as Administrative Agent

Loan and Agency Services Group

000 Xxxxxxx Xxxxxxxxxx Xxxx

Xxxxxx, XX 00000

Attention: Xxxxxxx Xxxxxx

Fax: (000) 000-0000

Copy to:

JPMorgan Chase Bank, N.A.,

as Administrative Agent

000 Xxxxxxx Xxxxxx, 00xx Xxxxx

Xxx Xxxx, XX 00000

Attention: Xxx X. Xxxxx

Fax: (000) 000-0000

[DATE]

Ladies and Gentlemen:

Reference is made to the Credit Agreement dated as of February 7, 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among XxxxxxXxxxxx.xxx, LLC (the “Borrower”), SurveyMonkey Inc. (“Holdings”), the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. This notice constitutes an Interest Election Request and the Borrower hereby gives you notice, pursuant to Section 2.07 of the Credit Agreement, that it requests the conversion or continuation of a Borrowing under the Credit Agreement, and in that connection the Borrower specifies the following information with respect to such Borrowing and each resulting Borrowing:


1. Borrowing to which this request applies:
Principal Amount:
Type:
Interest Period¹:



2. Effective date of this election (which is a Business Day):

3. Resulting Borrowing[s]²


Principal Amount³

¹	In the case of a Eurocurrency Borrowing, specify the last day of the current Interest Period therefor in accordance with the definition of the term “Interest Period” in the Credit Agreement.

If different options are being elected with respect to different portions of the Borrowing, provide the information required by this item 3 for each resulting Borrowing. Each resulting Borrowings shall be in an aggregate amount that is an integral multiple of, and not less than, the amount specified for a Borrowing of such Class and Type in Section 2.02(c) of the Credit Agreement.

³	Indicate the principal amount of the resulting Borrowing and the percentage of the Borrowing in item 1 above.


Type⁴
Interest Period⁵

		Very truly yours,

		SURVEYMONKEY INC.,

		by


		Name:
		Title:

⁴	Specify whether the resulting Borrowing is to be a ABR Borrowing or a Eurocurrency Borrowing.

⁵

Applicable only if the resulting Borrowing is to be a Eurocurrency Borrowing. Shall be subject to the definition of “Interest Period” and can be a period of one, two, three or six months (or, if agreed to by each Lender participating in the resulting Borrowing, nine or twelve months). Cannot extend beyond the Maturity Date.

EXHIBIT F

XXXXXXXXXXXX.XXX, LLC

PERFECTION CERTIFICATE

[Date of Execution]

Reference is made to the Credit Agreement dated as of February 7, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among XxxxxxXxxxxx.xxx, LLC, a Delaware limited liability company (the “Borrower”), SurveyMonkey Inc., a Delaware corporation (“Holdings”), the lenders from time to time party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”). Capitalized terms used but not defined herein have the meanings assigned in the Credit Agreement or the Collateral Agreement referred to therein, as applicable.

The undersigned, a [Financial Officer] and a [Legal Officer] of the Borrower, solely in their capacities as officers, and not individually, hereby certify to the Administrative Agent and each other Secured Party as follows, in each case as of the date hereof:

SECTION 1.01. Legal Names. (a) Set forth on Schedule 1 is (i) the exact legal name of each Loan Party, as such name appears in its certificate of organization and (ii) each other legal name such Loan Party has had in the past five years, including the date of the relevant name change

(b) Except as set forth on Schedule 1, no Loan Party has changed its form or jurisdiction of organization or consummated any merger or consolidation within the past five years. With respect to any such change that has occurred within the past five years, Schedules 1, 2A and 2B set forth the information required by Sections 1 and 2 of this Perfection Certificate as to each acquiree or constituent party to such merger, consolidation or acquisition (other than the information required by Section 2(b)(i) below with respect to such acquiree or constituent party to such merger, consolidation or acquisition).

SECTION 1.02. Jurisdictions and Locations. (a) Set forth on Schedule 2A is (i) the jurisdiction of organization and the form of organization (i.e., type of entity) of each Loan Party, (ii) the organizational identification number, if any, assigned to such Loan Party by such jurisdiction and the federal taxpayer identification number, if any, of such Loan Party and (iii) the address (including the county) of the chief executive office of such Loan Party.

(b) Set forth on Schedule 2B are, with respect to each Loan Party, (i) all locations where such Loan Party maintains any books or records relating to any Accounts, (ii) all locations where such Loan Party maintains a place of business or any tangible Collateral with a value in excess of $500,000 not otherwise identified on Schedule 2A or 2B and (iii) the name and address of any Person in the United States other than a Loan Party that has possession of any tangible Collateral with value in excess of $500,000, except for, in each case, locations where employees keep laptops outside of any business office of a Loan Party.

SECTION 1.03. Unusual Transactions. All Accounts have been originated by the Loan Parties in the ordinary course of business, and all Inventory has been acquired by the Loan Parties in the ordinary course of business from a Person in the business of selling goods of that kind (which, for the avoidance of doubt, can occur through the acquisitions of an entire business or company).

SECTION 1.04. File Search Reports. File search reports have been obtained from (a) the Uniform Commercial Code (“UCC”) filing office relating in the jurisdiction in which each Loan Party is located (as provided in 9-307 of the UCC) and identified on Schedule 2A and (b) the county recorder’s office relating to the county where each Mortgaged Property, if any, is located. The file search reports obtained pursuant to this Section 4 reflect no Liens (other than Liens incurred in connection with the Existing Credit Agreement that are being released on the Effective Date) on any of the Collateral or any Mortgaged Property other than those permitted under the Credit Agreements.

SECTION 1.05. UCC Filings. UCC financing statements have been prepared for filing in the proper UCC filing office in the jurisdiction in which each Loan Party is located (as provided in 9-307 of the UCC) and, to the extent any of the Collateral is comprised of fixtures, in the proper local jurisdiction, in each case as set forth with respect to such Loan Party in Section 2 above. Set forth on Schedule 5 is a true and complete list of each such filing and the UCC filing office or county recorder’s office in which such filing is to be made.

SECTION 1.06. Equity Interests. Set forth on Schedule 6 is a true and complete list, for each Loan Party, of all the stock, partnership interests, limited liability company membership interests or other Equity Interests owned by such Loan Party, specifying the issuer (and its jurisdiction of organization) and certificate number of, and the number and percentage of ownership represented by, such Equity Interests.

SECTION 1.07. Debt Instruments. Set forth on Schedule 7 is a true and complete list, for each Loan Party, of all promissory notes and other evidence of Indebtedness evidencing (a) Indebtedness of any Subsidiary of Holdings or Holdings owing to such Loan Party and (b) Indebtedness of any other Person in the principal amount of $500,000 or more held by such Loan Party, specifying the creditor and debtor thereunder and the type and outstanding principal amount thereof.

SECTION 1.08. Mortgaged Property. Set forth on Schedule 8 is a true and complete list, with respect to each Mortgaged Property, if any, of (a) the exact name of the Person that owns such property, as such name appears in its certificate of organization, (b) if different from the name identified pursuant to clause (a) above, the name of the current record owner of such property, as such name appears in the records of the county recorder’s office for such property identified pursuant to clause (c) below, and (c) the county recorder’s office in which a Mortgage with respect to such property must be filed or recorded in order for the Administrative Agent to provide constructive notice to third parties of its mortgage lien. Copies of any deeds, most recent title insurance policies or most recent surveys in the possession of the Borrower or Holdings relating to each Mortgaged Property have been delivered to the Administrative Agent.

SECTION 1.09. Intellectual Property. Set forth on Schedule 9, in proper form for filing with the United States Patent and Trademark Office or the United States Copyright Office, as applicable, is a true and complete list of each Loan Party’s (a) Copyrights, Copyright Applications and exclusive Copyright Licenses (where (i) a Loan Party is a licensee and (i) the annual cost of such license (in any year) is in excess of $500,000 unless the interest in such license is filed for or on behalf of a Loan Party with the United States Copyright Office), (b) Patents, exclusive Patent Licenses (where a Loan Party is a licensee) and Patent Applications and (c) Trademarks, exclusive Trademark Licenses (where a Loan Party is a licensee) and Trademark Applications, in each case specifying the name of the registered owner, title, registration or application number, expiration date (if already registered) or filing date, and, if applicable, the licensee and licensor.

SECTION 1.10. Commercial Tort Claims. Set forth on Schedule 10 is a true and complete list of commercial tort claims held by any Loan Party where the amount of damages claimed by such Loan Party is in excess of $500,000 known by such Loan Party to be in existence, including a brief description thereof.

SECTION 1.11. Domain Names and Domain Name Registrars. Set forth on Schedule 11 is a true and complete list of all (a) Domain Names owned by, used by or assigned to a Loan Party and (b) domain name registrars with which each Loan Party has contracted in connection with each Loan Party’s Domain Names.

SECTION 1.12. Chattel Paper. Set forth on Schedule 14 is a true and complete list, for each Loan Party, of all chattel paper (whether tangible or electronic) owned by such Loan Party with a value in excess of $500,000, specifying the Loan Party and obligor thereunder, the type, the due date and outstanding principal amount thereof.

[SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, the undersigned have duly executed this certificate as of the date first set forth above.


XXXXXXXXXXXX.XXX, LLC,

		BY


		Name:
		Title: [Financial Officer]

XXXXXXXXXXXX.XXX, LLC,


		Name:
		Title: [Legal Officer]

Schedule 1

Exact Legal Names

Loan Party’s Exact Legal Name

Former Legal Names (including Acquiree or

constituent party to merger, consolidation or

acquisition) (including date of change)

Schedule 2A

Jurisdictions and Locations


Loan Party		Jurisdiction of Organization		Form of Organization		Organizational Identification Number (if any)		Federal Taxpayer Identification Number (if applicable)		Chief Executive Office Address (including county)

Schedule 2B

Other Addresses


Loan Party		Locations where Books or Records Relating to Accounts are Maintained (including county)		Other Locations where a Place of Business or any Tangible Collateral is Maintained (including county)		Name and Address of Other Persons that have possession of any Tangible Collateral (including county)

Schedule 5

UCC Filings


Loan Party		UCC Filing		Jurisdiction		UCC Filing Office/ Local Filing Office

Fixture Filings (if applicable)


Loan Party		County		Facility Name		Address/City/ State/ Zip/Code

Schedule 6

Equity Interest


Loan Party		Issuer (Jurisdiction)		Type of Organization		Number of Shares Owned		Percentage of Interest Owned		Certificate No(s). (if uncertificated, indicate so)

Schedule 7

Debt Instruments


Loan Party		Debtor		Type of Instrument		Outstanding Principal Amount Code

Schedule 8

Mortgaged Property (if any)


Loan Party/Name of Owner		Name/Address/City/State/ Zip Code		County		UCC Filing Office/ Local Filing/ Office

Schedule 9

Intellectual Property

I.	Copyrights

Registered Owner

Title

Registration Number

Expiration Date

II.

Copyright Applications

Registered Owner

Title

Application Number

Date Filed

III.

Exclusive Copyright Licenses (where a Loan Party is a licensee)

Licensee

Licensor

Title

Registration Number

Expiration Date

IV.

Patents

Registered Owner

Title of Patent

Registration
Number

Date

Expiration

IV.

Exclusive Patent Licenses (where a Loan Party is a licensee)

Licensee

Licensor

Title

Registration Number

Expiration Date

V.	Patent Applications

Registered Owner

Title of Patent

Application
Number

Date Filed

VII.

Trademarks

Registered Owner

Xxxx

Registration
No.

Registration
Date

Expiration
Date

VIII.

Exclusive Trademark Licenses (where a Loan Party is a licensee)

Licensee

Licensor

Title

Registration
Number

Expiration Date

IX.

Trademark Applications

Registered Owner

Xxxx

Application
No.

Filing Date

Schedule 10

Commercial Tort Claims

Schedule 11

Domain Names


Registered Owner		Domain Name

Domain Name Registrars

Domain Name Registrars

Schedule 12

Chattel Paper


Loan Party		Obligor		Type (Tangible/Electronic)		Due Date		Outstanding Principal Amount

EXHIBIT G

[FORM OF] SOLVENCY CERTIFICATE

SURVEYMONKEY INC.

AND ITS SUBSIDIARIES

February 7, 2013

Reference is made to the Credit Agreement dated as of the date hereof (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among XxxxxxXxxxxx.xxx, LLC, a Delaware limited liability company (the “Borrower”), SurveyMonkey Inc., a Delaware corporation (“Holdings”), the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. Capitalized terms used but not defined herein have the meanings assigned to them in the Credit Agreement.

Pursuant to Section 4.01(h) of the Credit Agreement, the undersigned hereby certifies, solely in such undersigned’s capacity as Senior Vice President, Business Operations and Finance of Holdings, and not individually, as follows:

As of the date hereof, and after giving effect to the consummation of the Transactions to occur on the date hereof, in each case after giving effect to the rights of subrogation and contribution under the Collateral Agreement or otherwise:

The fair value of the assets of Holdings and its subsidiaries, taken as a whole, exceeds, and will exceed, on a consolidated basis, their debts and liabilities, subordinated, contingent or otherwise;

The present fair saleable value of the assets of Holdings and its subsidiaries, taken as a whole, is, and will be, greater than the amount that will be required to pay the probable liability, taken as a whole, of their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured;

Holdings and its subsidiaries, taken as a whole, are, and will be, able to pay their debts and liabilities, subordinated, contingent or otherwise, as such liabilities become absolute and matured; and

Holdings and its subsidiaries, taken as a whole, do not, and will not, have unreasonably small capital with which to conduct the business in which they are engaged, as such business is conducted at the time of and is proposed to be conducted following the Effective Date.

For purposes of this Solvency Certificate, the amount of any contingent liability at any time shall be computed as the amount that would reasonably be expected to become an actual and matured liability.

[Signature Page Follows]

IN WITNESS WHEREOF, the undersigned has executed this Solvency Certificate in such undersigned’s capacity as Senior Vice President, Business Operations and Finance of Holdings, on behalf of Holdings, and not individually, as of the date first set forth above.


SURVEYMONKEY INC.

By:
Name:		[ ]
Title:		[Senior Vice President, Business
		Operations and Finance]

EXHIBIT H-1

[FORM OF]

U.S. TAX COMPLIANCE CERTIFICATE

(For Non-U.S. Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)

Reference is hereby made to the Credit Agreement dated as of February 7, 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among XxxxxxXxxxxx.xxx, LLC, a Delaware limited liability company (the “Borrower”), SurveyMonkey Inc., a Delaware corporation, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent.

Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code.

The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.


[NAME OF LENDER]

By:
		Name:
		Title:

Date: , 20[ ]

EXHIBIT H-2

[FORM OF]

U.S. TAX COMPLIANCE CERTIFICATE

(For Non-U.S. Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)

Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code.

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.


[NAME OF PARTICIPANT]

By:
		Name:
		Title:

Date: , 20[ ]

EXHIBIT H-3

[FORM OF]

U.S. TAX COMPLIANCE CERTIFICATE

(For Non-U.S. Participants That Are Partnerships For U.S. Federal Income Tax Purposes)

Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code.

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.


[NAME OF PARTICIPANT]

By:
		Name:
		Title:

Date: , 20[ ]

EXHIBIT H-4

[FORM OF]

U.S. TAX COMPLIANCE CERTIFICATE

(For Non-U.S. Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)

Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code.

The undersigned has furnished the Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.


[NAME OF LENDER]

By:
		Name:
		Title:

Date: , 20[ ]

EXHIBIT I

[FORM OF] AFFILIATED ASSIGNMENT AND ASSUMPTION

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

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below, (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any Letters of Credit, Guarantees, and Swingline Loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Affiliated Assignment and Assumption, without representation or warranty by the Assignor.

Assignor (the “Assignor”): [Name of ASSIGNOR]

Assignee (the “Assignee”): [Name of ASSIGNEE]

Borrower: XxxxxxXxxxxx.xxx, LLC

Administrative Agent: JPMorgan Chase Bank, N.A., as Administrative Agent under the Credit Agreement

Assigned Interest³⁴

Facility Assigned

Aggregate Amount of
Commitment/Loans for
all Lenders

Amount of
Commitment/Loans
Assigned

Percentage
Assigned of
Commitment/
Loans³⁵

Term Loans

[ ]³⁶

Effective Date: , 201 [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR].

³⁴	Must comply with the minimum assignment amount set forth in Section 9.04(b)(ii)(A) of the Credit Agreement, to the extent such minimum assignment amounts are applicable.

³⁵	Set forth, to at least nine decimals, as a percentage of the Commitments/Loans of all Term Lenders or Incremental Term Lenders of any Series, as applicable.

³⁶	In the event Incremental Term Commitments/Loans are established under Section 2.21 of the Credit Agreement, refer to the Series of such Incremental Term Loans assigned.

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


[NAME OF ASSIGNOR], as Assignor,

by


		Name:
		Title:

[NAME OF ASSIGNEE], as Assignee,

by


Name:
Title:

EXHIBIT I

STANDARD TERMS AND CONDITIONS FOR

AFFILIATED ASSIGNMENT AND ASSUMPTION

1. Representations and Warranties.

1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Assignment and Assumption and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of Holdings, the Borrower, or any of their Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by Holdings, the Borrower, or any of their Subsidiaries or Affiliates or any other Person of any of their obligations under any Loan Document.

1.2 Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement; (ii) it satisfies the requirements, if any, specified in the Credit Agreement (including Sections 9.04(e) and (f) of the Credit Agreement) that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender; (iii) it is a [Purchasing Borrower Party] [Purchasing Affiliated Lender] (as defined in the Credit Agreement); (iv) as of the date hereof the Assignee does not have any material non-public information (“MNPI”) with respect to any Loan Party that either (A) has not been disclosed to the assigning Lender (other than any such Lender that does not wish to receive MNPI) on or prior to the date of any assignment to the Assignee or (B) if not disclosed to such Lender, could reasonably be expected to have a material effect upon, or otherwise be material (1) to such Lender’s decision make such assignment or (2) to the market price of the Term Loans to be assigned; (iv) from and after the Effective Date, it shall be a party to the Credit Agreement, (v) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.01 thereof (or, prior to the first such delivery, the financial statements referred to in Section 3.04 thereof), and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Affiliated Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, (vi) if it is a Lender that is a U.S. Person, attached to this Assignment and Assumption is IRS Form W-9 certifying that such Lender is exempt from U.S. Federal backup withholding tax and (vii) if it is a Foreign Lender, attached to this Assignment and Assumption is any documentation required to be delivered by it pursuant to Section 2.17 of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Assignor, the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. The Assignor and the Assignee shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Effective Date or with respect to the making of this assignment directly between themselves.

3. General Provisions. This Affiliated Assignment and Assumption shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. This Affiliated Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Affiliated Assignment and Assumption by facsimile or other electronic transmission shall be as effective as delivery of a manually executed counterpart of this Affiliated Assignment and Assumption. This Affiliated Assignment and Assumption shall be construed in accordance with and governed by the law of the State of New York.

EXHIBIT J

[FORM OF] AUCTION PROCEDURES

This Exhibit J is intended to summarize certain basic terms of the reverse Dutch auction procedures pursuant to and in accordance with the terms and conditions of Section 2.23 of the Credit Agreement, of which this Exhibit J is a part. It is not intended to be a definitive statement of all of the terms and conditions of a reverse Dutch auction, the definitive terms and conditions for which shall be set forth in the applicable offering document. None of the Administrative Agent, the Auction Manager or any of their respective Affiliates makes any recommendation pursuant to any offering document as to whether or not any Lender should sell its Term Loans to a Purchasing Borrower Party pursuant to any offering documents, nor shall the decision by the Administrative Agent or the Auction Manager (or any of their respective Affiliates) in its capacity as a Lender to sell its Term Loans to a Purchasing Borrower Party be deemed to constitute such a recommendation. Each Lender should make its own decision as to whether to sell any of its Term Loans and as to the price to be sought for such Term Loans. In addition, each Lender should consult its own attorney, business advisor or tax advisor as to legal, business, tax and related matters concerning each Auction Purchase Offer and the relevant offering documents. Capitalized terms not otherwise defined in this Exhibit J have the meanings assigned to them in the Credit Agreement.

(a) Notice Procedures. In connection with each Auction Purchase Offer, a Purchasing Borrower Party will provide notification to the Auction Manager (for distribution to the Lenders) of the Class or Classes of Term Loans (as determined by such Purchasing Borrower Party in its sole discretion) that will be the subject of such Auction Purchase Offer (each, an “Auction Notice”). Each Auction Notice shall contain (i) the maximum principal amount (calculated on the face amount thereof) of each Class or Classes of Term Loans that the applicable Purchasing Borrower Party offers to purchase in such Auction Purchase Offer (the “Auction Amount”), which shall be no less than $10,000,000 (across all such Classes) (unless another amount is agreed to by the Administrative Agent); (ii) the range of discounts to par (the “Discount Range”), expressed as a range of prices per $1,000, at which such Purchasing Borrower Party would be willing to purchase Term Loans of each applicable Class in such Auction Purchase Offer; and (iii) the date on which such Auction Purchase Offer will conclude (which date shall not be less than three Business Days following the distribution of the Auction Notice to the Lenders of the applicable Class(es)), on which date Return Bids (as defined below) will be due by 1:00 p.m., New York City time (as such date and time may be extended by the Auction Manager, the “Expiration Time”). Such Expiration Time may be extended for a period not exceeding three Business Days upon notice by the applicable Purchasing Borrower Party to the Auction Manager received not less than 24 hours before the original Expiration Time; provided that only two extensions per offer shall be permitted. An Auction Purchase Offer shall be regarded as a “failed Auction Purchase Offer” in the event that either (x) the applicable Purchasing Borrower Party withdraws such Auction Purchase Offer in accordance with the terms hereof or (y) the Expiration Time occurs with no Qualifying Bids (as defined below) having been received. In the event of a failed Auction Purchase Offer, no Purchasing Borrower Party shall be permitted to deliver a new Auction Notice prior to the date occurring three Business Days after such withdrawal or Expiration Time, as the case may be. Notwithstanding anything to the contrary contained herein, the applicable Purchasing Borrower Party shall not initiate any Auction Purchase Offer by delivering an Auction Notice to the Auction Manager until after the conclusion (whether successful or failed) of the previous Auction Purchase Offer (if any), whether such conclusion occurs by withdrawal of such previous Auction Purchase Offer or the occurrence of the Expiration Time of such previous Auction Purchase Offer.

(b) Reply Procedures. In connection with any Auction Purchase Offer, each Lender of Term Loans of the applicable Class(es) wishing to participate in such Auction Purchase Offer shall, prior to the Expiration Time, provide the Auction Manager with a notice of participation, in the form included in the applicable offering document (each, a “Return Bid”) which shall specify (i) a discount to par that must be expressed as a price per $1,000 in principal amount of Term Loans (the “Reply Price”) of the applicable Class(es) within the Discount Range and (ii) the principal amount of Term Loans of the applicable Class(es), in an amount not less than $1,000,000 or an integral multiple of $1,000 in excess thereof, that such Lender offers for sale at its Reply Price (the “Reply Amount”). A Lender may submit a Reply Amount that is less than the minimum amount and incremental amount requirements described above only if the Reply Amount comprises the entire amount of the Term Loans of the applicable Class(es) held by such Lender. Lenders may only submit one Return Bid per Class per Auction Purchase Offer, but each Return Bid may contain up to three component bids, each of which may result in a separate Qualifying Bid and each of which will not be contingent on any other component bid submitted by such Lender resulting in a Qualifying Bid. In addition to the Return Bid, the participating Lender must execute and deliver, to be held in escrow by the Auction Manager, an Affiliated Lender Assignment and Assumption. No Purchasing Borrower Party will purchase any Term Loans at a price that is outside of the applicable Discount Range, nor will any Return Bids (including any component bids specified therein) submitted at a price that is outside such applicable Discount Range be considered in any calculation of the Applicable Threshold Price (as defined below).

(c) Acceptance Procedures. Based on the Reply Prices and Reply Amounts received by the Auction Manager, the Auction Manager, in consultation with the applicable Purchasing Borrower Party, will determine the applicable discounted price (the “Applicable Discounted Price”) for the Auction, which will be (i) the lowest Reply Price for which such Purchasing Borrower Party can complete the Auction Purchase Offer at the Auction Amount or (ii) in the event that the aggregate amount of the Reply Amounts relating to such Auction Notice is insufficient to allow such Purchasing Borrower Party to purchase the entire Auction Amount, the highest Reply Price that is within the Discounted Range so that such Purchasing Borrower Party can complete the purchase at such aggregate amount of Reply Amounts. Subject to the conditions contained in the Auction Notice, the applicable Purchasing Borrower Party shall purchase the Term Loans (or the respective portions thereof) from each Lender with a Reply Price that is equal to or less than the Applicable Discounted Price (“Qualifying Bids”) at the Applicable Discounted Price; provided that if the aggregate amount required to pay the Qualifying Bids would exceed the Auction Amount for such Auction Purchase Offer, such Purchasing Borrower Party shall pay such Qualifying Bids at the Applicable Discounted Price ratably based on the respective principal amounts of such Qualifying Bids (subject to rounding requirements specified by the Auction Manager). Each participating Term Lender shall be given notice as to whether its bid is a Qualifying Bid as soon as reasonably practicable but in no case later than five Business Days from the date the Return Bid was due.

(d) Notification Procedures. The Auction Manager will calculate the Applicable Discounted Price and will cause the Administrative Agent to post the Applicable Discounted Price and proration factor onto an internet or intranet site (including an IntraLinks, SyndTrak or other electronic workspace) in accordance with the Auction Manager’s standard dissemination practices by 4:00 p.m., New York City time, on the Business Day during which the Expiration Time occurs. The Auction Manager will insert the principal amount of Term Loans of the applicable Class(es) to be assigned and the applicable settlement date into each applicable Affiliated Assignment and Assumption received in connection with a Qualifying Bid. Upon the request of the submitting Lender, the Auction Manager will promptly return any Affiliated Assignment and Assumption received in connection with a Return Bid that is not a Qualifying Bid.

(e) Additional Procedures. After delivery of an Auction Notice, the applicable Purchasing Borrower Party may withdraw an Auction Purchase Offer only if no Qualifying Bid has been received by the Auction Manager at the time of withdrawal. Any Return Bid (including any component bid thereof) delivered to the Auction Manager may not be withdrawn, modified, revoked, terminated or cancelled by a Lender. However, an Auction Purchase Offer may become void if the conditions to the purchase set forth in Section 2.23 of the Credit Agreement are not met. The purchase price in respect of each Qualifying Bid for which purchase by the applicable Purchasing Borrower Party is required in accordance with the foregoing provisions shall be paid directly by such Purchasing Borrower Party to the respective assigning Lender on a settlement date as determined jointly by such Purchasing Borrower Party and the Auction Manager (which shall be not later than ten Business Days after the date Return Bids are due). The applicable Purchasing Borrower Party shall execute each applicable Affiliated Lender Assignment and Assumption received in connection with a Qualifying Bid. All questions as to the form of documents and eligibility of Term Loans that are the subject of an Auction Purchase Offer will be determined by the Auction Manager, in consultation with the applicable Purchasing Borrower Party, and their determination will be final and binding so long as such determination is not inconsistent with the terms of Section 2.23 of the Credit Agreement or this Exhibit J. The Auction Manager’s interpretation of the terms and conditions of the offering document, in consultation with the applicable Purchasing Borrower Party, will be final and binding so long as such interpretation is not inconsistent with the terms of Section 2.23 of the Credit Agreement or this Exhibit J. None of the Administrative Agent, the Auction Manager or any of their respective Affiliates assumes any responsibility for the accuracy or completeness of the information concerning the applicable Purchasing Borrower Party, the Loan Parties or any of their respective Affiliates (whether contained in an offering document or otherwise) or for any failure to disclose events that may have occurred and may affect the significance or accuracy of such information. This Exhibit J shall not require any Purchasing Borrower Party to initiate any Auction Purchase Offer.

SCHEDULE 1.01

EXISTING LETTERS OF CREDIT

Issuing Bank

SBLC No.

Expiry Date

Beneficiary Name

Outstanding Amount

Bank of America, N.A

3126230

10/15/2013

Lytton Gateway, LLC

5,102,280.00

SCHEDULE 2.01

COMMITMENTS

Term Commitment


Term Lender	Term Commitment
JPMorgan Chase Bank, N.A.	$	315,000,000

Revolving Commitments


Revolving Lender	Revolving Commitments
JPMorgan Chase Bank, N.A.	$	20,000,000
Bank of America, N.A.	$	15,000,000
Xxxxxxx Xxxxx Bank USA	$	10,000,000
SunTrust Bank	$	5,000,000

SCHEDULE 3.05(c)

WEBSITES AND DOMAIN NAMES

Domain Names Owned by a Loan Party

XxxxxxXxxxxx.xxx, LLC

•

xxxxxxxxxx.xxx

•

xxxxxxxxxx.xxx

•

xxxxxxxxxx.xxx

•

xxxxxxxxxx.xxx

•

xxxxxxxxxx.xxx

•

xxxxxxxxxx.xxx

•

xxxxxxxxxxxx.xxx

•

xxxxxxxxxxxx.xxx

•

xxxxxxxxxxx.xxx

•

xxxxxxxxxxx.xxx

•

xxxxxxxx.xxx

•

xxxxx.xx

•

xxxxxxxx.xxx

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xxxxxxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxx.xxx

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xxxxxxxxxx.xxx

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xxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxxx.xxx

•

xxxxxxxxxxxxxxxxxxxxxx.xxx

•

xxx.xx*

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xxxxxxxxxxxx.xx

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xxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxx.xxx

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xxxxxxxxx.xxx

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xxxxxxxxxx.xxx

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xxxxxxxxxxx.xxx

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xxxxxx-xxxxxx.xxx

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xxxxxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxx.xxx

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xxxxxxxxxxxx.xxx

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xxxxxxxxxxxx.xxx

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xxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxx.xxx (blocking only)

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xxxxxxxxxx0.xxx

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xxxxxxxxxx0.xxx

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xxxxxxxxxx0.xxx

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xxxxxxxxxx0.xxx

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xxxxxxxxxx0.xxx

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xxxxxxxxxx0.xxx

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xxxxxxxxxxxxx.xxx

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xxxxxxxxxx.xxx

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xxxxxxxxxxxx.xxx

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xxxxxxxxxxx.xxx

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xxxxxxxxx.xxx

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xxxxxxxxxxx.xxx

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xxxxxxx-xxxxx.xxx

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xxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxxxxxxxxxxx.xxx

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xxxxxxxxx.xx.xx

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xxxxxxxxx.xxx

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xxxxxxxxx.xx

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xxxxxxxxxx.xxx

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xxxxxxxxxx.xxx

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xxxxxxxxxx.xx

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xxxxxxxx.xxx

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xxxxxxxxx.xx

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xxxxxxxxx.xx.xx

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xxxxxxxxx.xxx

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xxxxxxxxx.xx*

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xxxxxxxxx.xxxx

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xxxxxxxxx.xxx

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xxxxxxxxx.xx

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xxxxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxx.xxxx

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xxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxx.xxx

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xxxxxxxxxxxxxxx.xx

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xxxxxxxxx.xxx

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xxxx-xxxxx.xxx

•	xxxxxxxxx.xx*

•	xxxxxxxxx.xxxx

•	xxxxxxxxx.xxx

•	xxxx-xxxxx.xxx

•	xxxxxxxx.xxx

•	xxxxxxxxxxx.xxx

•	xxxxxxxxxxx.xx*

•	xxxxxxxxxxx.xxx

•	xxxxxxxxxx.xxx

•	xxxxxxx.xxx

•	xxxxxxx.xx*

•	xxxxxxxx.xxx

Infinity Box Inc.

•	xxxxxxxxxxx.xxx

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xxxxx.xxx

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xxxxx.xxx

•	xxxxxxx.xxx

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xxxxx.xx

•

xxxxx.xxx

*	Domain name in which beneficial ownership is held by a Loan Party, but legal title is held by a local presence provider (on behalf of the Loan Party) due to local domain name ownership requirements.

Domain Names Used By or Assigned to a Loan Party (Not Owned)

None.

SCHEDULE 3.05(d)

MORTGAGED PROPERTIES

None.

SCHEDULE 3.06

LITIGATION

None.

SCHEDULE 3.11A

SUBSIDIARIES AND JOINT VENTURES


Name of Subsidiary or Joint Venture (Jurisdiction of Organization)	Owner of Equity Interest	Percentage of Equity Interest Owned by such Owner	Designated/ Excluded Subsidiary
XxxxxxXxxxxx.xxx, LLC (Delaware)	SurveyMonkey Inc.	100%	Designated
Infinity Box Inc. (Delaware)	XxxxxxXxxxxx.xxx, LLC	100%	Designated
SurveyMonkey International Limited (Gibraltar, British Overseas Territory)	XxxxxxXxxxxx.xxx, LLC	100%	Excluded
SurveyMonkey Luxembourg Sarl (Grand Duchy of Luxembourg)	SurveyMonkey International Limited	100%	Excluded
SurveyMonkey Europe Sarl (Grand Duchy of Luxembourg)	SurveyMonkey Luxembourg Sarl	100%	Excluded
SurveyMonkey Netherlands Coöperatief U.A. (Kingdom of Netherlands)	SurveyMonkey Luxembourg Sarl	99.99%	Excluded
SurveyMonkey Netherlands Coöperatief U.A. (Kingdom of Netherlands)	SurveyMonkey International Limited	0.01%	Excluded
SurveyMonkey Spain, S.L. (Kingdom of Spain)	SurveyMonkey Netherlands Coöperatief U.A.	100%	Excluded
SurveyMonkey Spain, Sucursal em Portugal (Portuguese Republic)	SurveyMonkey Spain, S.L.	100%	Excluded
SurveyMonkey Services Canada ULC (British Columbia, Canada)	SurveyMonkey Spain, S.L.	100%	Excluded
SurveyMonkey Japan KK (Japan)	SurveyMonkey Spain, S.L.	100%	Excluded
Clicktools Limited (England and Wales, United Kingdom)	SurveyMonkey Spain, S.L.	49.9%	Excluded

Existing option, warrant, call, right, commitment or other agreement to which Holdings, the Borrower or any other Domestic Subsidiary is a party requiring, and any Equity Interests in any Domestic Subsidiary outstanding that upon exercise, conversion or exchange would require, the issuance by any Domestic Subsidiary of any additional Equity Interests or other securities exercisable for, convertible into, exchangeable for or evidencing the right to subscribe for or purchase any Equity Interests in any Domestic Subsidiary:

None.

SCHEDULE 3.11B

Equity Interests in Holdings Owned by each Major Stockholder


Name of Major Stockholder	Number of Equity Interest Owned		Class of Equity Interest	Percentage of Class of Equity Interest Owned in Holdings¹
SM Investor LLC		12,641,657	Common Stock		14.20%
Xxxx Capital Venture Fund 2007, L.P.		3,592,946	Common Stock		4.04%
BCIP Venture Associates		510,219	Common Stock		0.57%
BCIP Venture Associates-B		7,193	Common Stock		0.01%
Tiger Global Private Investment Partners VI, L.P.		15,228,284	Common Stock		17.10%
Tiger Global Private Investment Partners VII, L.P.		12,800,035	Common Stock		14.38%
Trustees of the Metal Monkey Trust U/A/D January 26, 2011		201,726	Common Stock		0.23%
Xxx Xxxxx		700,354	Common Stock		0.79%
Xxxxxxx Xxxxxxxxx		21,930	Common Stock		0.02%
TPG SM Holdings, L.P.		3,565,672	Series A Convertible Preferred Stock		97.32%
MRS Trust		98,364	Series A Convertible Preferred Stock		2.68%
ICQ Investments 6, LP		3,781,780	Common Stock		4.25%
Xxxxxxx Xxxxxxxxxxxx & Xxxxxxxxx Xxx TTEES Hello Warrior Family Trust U/A/D 2/2/2009		268,968	Common Stock		0.30%
Xxxx Xxxxxxx		67,242	Common Stock		0.08%
The Makan Family Trust		67,242	Common Stock		0.08%
Google Inc.		4,385,965	Common Stock		4.93%
The Social+Capital Partners, L.P.		1,039,099	Common Stock		1.17%
The Social+Capital Partnership Principals Fund, L.P.		276,690	Common Stock		0.31%
Xxxxx Xxxxxxxx		5,043,151	Common Stock		5.66%

¹	Calculated on a non-diluted basis


Xxxxxxxx-Xxxxxxxx Family Trust	5,190,281	Common Stock	5.83	%
Xxxxx X. Xxxxxxxx 2009 Annuity Trust	675,230	Common Stock	0.76	%
The Xxxx Delaware Trust	661,414	Common Stock	0.74	%
Xxxx Xxxxxxxx & Xxxxx Xxxxxxxx, Tenants by the Entirety	28,546	Common Stock	0.03	%
SM Profits LLC	8,550,494	Common Stock	9.60	%

Outstanding Disqualified Equity Interests

All other outstanding Disqualified Equity Interests, if any, in Holdings or any Subsidiary, including the number and the record holder of such Disqualified Equity Interests:

None.

SCHEDULE 3.12

INSURANCE


Type	Provider	Policy Number
Global Property Policy: Property Coverage Global General Liability Coverage International Excess/ DIC Automobile Coverage International Voluntary Workers Compensation Coverage International Accidental Death & Dismemberment Coverage	Federal Insurance Company	35920767

Non-owned / Hired Automobile Policy	Federal Insurance Company	73566501

Commercial Umbrella / Excess Liability Policy	Federal Insurance Company	79879803

Workers Compensation/ Employers Liability Policy	Federal Insurance Company	71737542

Technology Errors & Omission Policy	Lloyd’s of London	SF101057d

Management Liability Policy: Director & Officers Liability Coverage Employment Practices Liability Coverage Fiduciary Liability Coverage Crime Coverage	Twin City Fire Insurance Co.	00KB025683711

SCHEDULE 6.01

EXISTING INDEBTEDNESS

1.	Platform Contribution Transaction Agreement in the principal amount of $5,283,000, dated as of January 1, 2012, between Infinity Box Inc., as creditor, and SurveyMonkey International Limited, as debtor.

2.	Parent Guarantee by XxxxxxXxxxxx.xxx, LLC of certain of SurveyMonkey Europe Sarl’s obligations under the Merchant Agreement dated as of July 14, 2010 among Global Collect Services B.V., Global Collect B.V., and SurveyMonkey Europe Sarl.

3.	Parent company guarantee by XxxxxxXxxxxx.xxx, LLC of certain of SurveyMonkey Europe Sarl’s obligations under the International Credit Card Acquiring Agreement dated as of January 30, 2013 among Euroline AB, Digital River World Payments AB, and SurveyMonkey Europe Sarl.

4.	Master Services Agreement dated on or around February 7, 2013 among Digital River World Payments, Inc., Digital River World Payments AB, and SurveyMonkey Europe Sarl.

SCHEDULE 6.02

EXISTING LIENS

1. Liens granted pursuant to the Card Acceptance Agreement between SurveyMonkey Services Canada ULC and Amex Bank of Canada.

2. Liens granted pursuant to the Merchant Agreement dated as of July 14, 2010 among Global Collect Services B.V., Global Collect B.V., and SurveyMonkey Europe Sarl.

3. Liens granted pursuant to the PayPal Pro / Virtual Terminal Agreement dated as of October 1, 2012 between XxxxxxXxxxxx.xxx, LLC and PayPal, Inc.

4. Liens granted pursuant to the Master Services Agreement dated on or around February 7, 2013 among Digital River World Payments, Inc., Digital River World Payments AB, and SurveyMonkey Europe Sarl.

SCHEDULE 6.04

EXISTING INVESTMENTS

1. Parent Guarantee by XxxxxxXxxxxx.xxx, LLC of certain of SurveyMonkey Europe Sarl’s obligations under the Merchant Agreement dated as of July 14, 2010 among Global Collect Services B.V., Global Collect B.V., and SurveyMonkey Europe Sarl.

2. Parent company guarantee by XxxxxxXxxxxx.xxx, LLC of certain of SurveyMonkey Europe Sarl’s obligations under the International Credit Card Acquiring Agreement dated as of January 30, 2013 among Euroline AB, Digital River World Payments AB, and SurveyMonkey Europe Sarl.

3. Platform Contribution Transaction Agreement in the principal amount of $5,283,000, dated as of January 1, 2012, between Infinity Box Inc., as creditor, and SurveyMonkey International Limited, as debtor.

SCHEDULE 6.05

DISPOSITIONS

1. Disposition of the TrueSample assets/business, together with up to $2.0 million of working capital.

SCHEDULE 6.10

EXISTING RESTRICTIONS

None.

EXECUTION VERSION

AMENDMENT NO. 1 TO THE CREDIT AGREEMENT

AMENDMENT NO. 1 dated as of May 22, 2014 (this “Amendment”) to the CREDIT AGREEMENT dated as of February 7, 2013 (the “Credit Agreement”), among SurveyMonkey Inc., a Delaware corporation formerly known as XxxxxxXxxxxx.xxx LLC (the “Borrower”), SVMK Inc., a Delaware corporation formerly known as SurveyMonkey Inc. (“Holdings”), each lender party thereto on the date hereof (collectively, the “Existing Lenders” and, individually, an “Existing Lender”), and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

A. Pursuant to the Credit Agreement, (i) the Term Lenders made Term Loans on the Effective Date to the Borrower and (ii) the Revolving Lenders agreed to make Revolving Loans to the Borrower from time to time.

B. Holdings, the Borrower and the other Subsidiary Loan Parties are party to one or more of the Security Documents, pursuant to which, among other things, Holdings and the Subsidiary Loan Parties (other than the Borrower) guaranteed the Obligations of the Borrower under the Credit Agreement and provided security therefor.

C. The Borrower and Holdings have requested that the Credit Agreement be amended to (i) revise the Leverage Ratio financial covenant thereunder, (ii) remove the Interest Coverage Ratio financial covenant thereunder, (iii) permit the 2014 Foreign Acquisition, (iv) increase the amount of the Revolving Commitments by $25,000,000 to a total of $75,000,000 (such additional Revolving Commitments, the “Additional Revolving Commitments” and the Lenders providing the Additional Revolving Commitments (whether Existing Lenders or new Lenders), the “Additional Commitment Lenders”) and (v) effect the other modifications set forth herein.

D. The Additional Commitment Lenders are willing to provide Additional Revolving Commitments, and the Additional Commitment Lenders, the Administrative Agent, the Swingline Lender, each Issuing Bank, and the undersigned Existing Lenders, constituting the Required Lenders under the Credit Agreement prior to giving effect to the Additional Revolving Commitments, are willing to amend the Credit Agreement on the terms and subject to the conditions set forth herein.

Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows:

SECTION 1. Defined Terms. Capitalized terms used but not defined herein (including in the recitals hereto) shall have the meanings given to them in the Credit Agreement, as amended hereby.

SECTION 2. Additional Revolving Commitments. (a) Subject to the terms and conditions set forth herein, on the Amendment Effective Date, (i) each Additional Commitment Lender shall become or continue to be, as applicable, a “Revolving Lender” and a “Lender” under the Credit Agreement, and shall have all the rights and obligations of a Lender holding a Revolving Commitment thereunder, and (ii) the Revolving Commitment of each Revolving Lender, including each Additional Commitment Lender, will be the amount of such commitment set forth with respect to such Revolving Lender on Schedule 2.01 hereto. The Additional Revolving Commitments and the Revolving Loans and other extensions of credit made thereunder shall have the terms applicable to the Revolving Commitments in effect prior to the Amendment Effective Date and the Revolving Loans and other extensions of credit made thereunder (including with respect to the Applicable Rate), and the Revolving Commitments, including the Additional Revolving Commitments, of the Lenders shall be several and not joint and no Revolving Lender will be responsible for any other Revolving Lender’s failure to make Revolving Loans under the Credit Agreement. On the Amendment Effective Date, Schedule 2.01 to the Credit Agreement shall be replaced with Schedule 2.01 hereto, which reflects the Revolving Commitments of all Revolving Lenders after giving effect to the Additional Revolving Commitments.

(b) On the Amendment Effective Date, each Revolving Lender, including each Additional Commitment Lender, will automatically and without further action be deemed to have acquired a participation in each Letter of Credit that is outstanding on the Amendment Effective Date in accordance with Section 2.05(d) of the Credit Agreement, and the previously outstanding participations of the Existing Lenders therein shall be adjusted, so that, after giving effect thereto, each Revolving Lender will have a participation in each outstanding Letter of Credit equal to its Applicable Percentage (after giving effect to the Additional Revolving Commitments) thereof. Each Issuing Bank consents to the foregoing.

(c) If there are any Revolving Loans outstanding immediately prior to the Amendment Effective Date (the “Existing Revolving Loans”) and the Applicable Percentage of any Revolving Lender has changed as a result of the Additional Revolving Commitments becoming effective, such Existing Revolving Loans shall be prepaid in full by the Borrower on the Amendment Effective Date, which prepayment shall be accompanied by accrued and unpaid fees and interest on the Revolving Loans being prepaid and, to the extent invoiced prior to the Amendment Effective Date, any funding losses payable as a result of such prepayment in accordance with Section 2.16 of the Credit Agreement. Such prepayment, if any, may be financed (subject to satisfaction of applicable borrowing conditions under Section 4.02 of the Credit Agreement) with the proceeds of Revolving Loans made on such date by the Revolving Lenders, including the Additional Commitment Lenders and may be effected by net cash payments among Revolving Lenders made through the Administrative Agent as the Administrative Agent may direct. The Administrative Agent hereby waives the requirement that the Borrower provide advance notice of any such prepayment pursuant to Section 2.11(g) of the Credit Agreement.

(d) Each Additional Commitment Lender, by delivering its signature page to this Amendment, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be delivered to, or be approved by or satisfactory to, the Administrative Agent or any Class of Lenders on or prior to the Amendment Effective Date. The Administrative Agent, the Swingline Lender and each Issuing Bank hereby consents to this Amendment and confirms that each Additional Commitment Lender, if any, that is not an Existing Lender, is acceptable to it.

SECTION 3. Amendments to the Credit Agreement. Subject to the terms and conditions hereof, on the Amendment Effective Date the Credit Agreement is hereby amended as follows:

(a) Section 1.01 of the Credit Agreement is amended by deleting the definitions of “Consolidated Cash Interest Expense” and “Interest Coverage Ratio” and by inserting the following definitions in the appropriate alphabetical order therein:

“2014 Foreign Acquisition” means the acquisition by the Borrower and/or any wholly-owned Subsidiary of substantially all the Equity Interests in a target described generally to the Administrative Agent and the Lenders prior to the date of the First Amendment (without revealing the identity of the entity to be acquired) and certain related assets solely for consideration consisting of (i) up to $68,000,000 of cash and/or assumed Indebtedness, no more than $25,000,000 of which shall constitute the proceeds of Revolving Loans and (ii) Qualified Equity Interests and/or Qualifying Equity Proceeds.

“Amendment Effective Date” has the meaning set forth in the First Amendment.

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.

“Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, the Guarantee by such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time the Guarantee of such Guarantor becomes effective with respect to such related Swap Obligation.

“First Amendment” means Amendment No. 1 to the Credit Agreement dated as of May 22, 2014, among the Borrower Holdings, the Lenders party thereto and the Administrative Agent.

“Guarantor” has the meaning set forth in the Collateral Agreement.

“Refinancing Facility Agreement” means an amendment to this Agreement, in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, among Holdings, the Borrower, the Administrative Agent and one or more Refinancing Term Lenders, establishing Refinancing Term Loan Commitments of any Series and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.24.

“Refinancing Term Lender” has the meaning set forth in Section 2.24(a).

“Refinancing Term Loan Commitments” has the meaning set forth in Section 2.24(a).

“Refinancing Term Loans” has the meaning set forth in Section 2.24(a).

“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the U.S. Department of Commerce or the U.S. Department of the Treasury or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom.

“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of specially designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the U.S. Department of

Commerce or the U.S. Department of the Treasury or by the United Nations Security Council, the European Union or any EU member state, (b) any Person operating, organized or resident in a jurisdiction subject to any Sanctions or (c) any Person controlled by any such Person.

“Swap Obligation” means, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.”

(b) Clause (ii) of the last paragraph of the definition of “Disqualified Equity Interest” in Section 1.01 of the Credit Agreement is amended by inserting the phrase “any applicable exercise price with respect to such Equity Interest or any” after the phrase “its subsidiaries in order to satisfy”.

(c) The definition of “Excess Cash Flow” in Section 1.01 of the Credit Agreement is amended by (i) inserting the phrase “or 6.04(w),” after the phrase “on 6.04(v)” in clause (e)(ii) thereof and (ii) replacing the period at the end of clause (f) with “; minus” and adding a new clause (g) to read as follows:

“(g) to the extent not deducted in calculating consolidated net income or loss or otherwise in calculating Excess Cash Flow, cash payments made during such fiscal year in payment of withholding taxes in connection with the grant, exercise or purchase of options, restricted stock units or other Equity Interests of Holdings under or pursuant to employee plans of Holdings and its Subsidiaries.”

(d) The definition of “Interest Period” in Section 1.01 of the Credit Agreement is amended by replacing “(or, if agreed to by each Lender participating therein, nine or twelve months thereafter)” with “(or, if agreed to by each Lender participating therein, twelve months thereafter)”.

(e) The definition of “Restricted Payment” in Section 1.01 of the Credit Agreement is amended to read as follows:

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property, but excluding any dividend or distribution consisting solely of the issuance of common Qualified Equity Interests of Holdings) with respect to any Equity Interests in Holdings, the Borrower or any other Subsidiary, or any payment (whether in cash, securities or other property, but excluding any payment (x) consisting solely of the issuance of common Qualified Equity Interests of Holdings or (y) made in the ordinary course of business in connection with the satisfaction of tax withholding obligations), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation, vesting, settlement or termination of, or any other return of capital with respect to, any Equity Interests in Holdings, the Borrower or any Subsidiary.

(f) Section 1.04(b) of the Credit Agreement is amended by deleting the reference therein to “and the Interest Coverage Ratio” and by inserting the word “and” before the reference therein to “the First Lien Secured Leverage Ratio”.

(g) Article I of the Credit Agreement is amended by inserting the following new Section 1.06:

“SECTION 1.06. Excluded Swap Obligations. Notwithstanding any provision of this Agreement or any other Loan Document, no Guarantee by any Guarantor under any Loan Document shall include a Guarantee of any Obligation that, as to such Guarantor, is an Excluded Swap Obligation and no Collateral provided by any Guarantor shall secure any Obligation that, as to such Guarantor, is an Excluded Swap Obligation. In the event that any payment is made by, or any collection is realized from, any Guarantor as to which any Obligations are Excluded Swap Obligations, or from any Collateral provided by such Guarantor, the proceeds thereof shall be applied to pay the Obligations of such Guarantor as otherwise provided herein without giving effect to such Excluded Swap Obligations and each reference in this Agreement or any other Loan Document to the ratable application of such amounts as among the Obligations or any specified portion of the Obligations that would otherwise include such Excluded Swap Obligations shall be deemed so to provide.

(h) Section 2.10(c) of the Credit Agreement is amended by adding the following at the end thereof:

“In the event that Term Loans of any Class are converted into a new Class of Term Loans pursuant to a Refinancing Facility Agreement effected pursuant to Section 2.24, then the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section will not be reduced or otherwise affected by such transaction (except to the extent of additional amortization payments in agreed amounts on or after the original Maturity Date applicable to any such Term Loans and related reductions in the final scheduled payment at any new Maturity Date).”

(i) Section 2.11(h) of the Credit Agreement is amended by replacing the reference to “the first anniversary of the Effective Date” therein with “the first anniversary of the Amendment Effective Date”.

(j) Article II of the Credit Agreement is amended by inserting the following new Section 2.24:

“SECTION 2.24. Refinancing Facilities. (a) The Borrower may, on one or more occasions, by written notice to the Administrative Agent, request the establishment hereunder of one or more additional Classes of term loan commitments (the “Refinancing Term Loan Commitments”) pursuant to which each Person providing such a commitment (a “Refinancing Term Lender”) will make term loans to the Borrower (the “Refinancing Term Loans”); provided that each Refinancing Term Lender shall be an Eligible Assignee and, if not already a Lender, shall otherwise be reasonably acceptable to the Administrative Agent.

(b) The Refinancing Commitments shall be effected pursuant to one or more Refinancing Facility Agreements executed and delivered by Holdings, the Borrower, each Refinancing Term Lender providing such Refinancing Term Loan Commitments and the Administrative Agent; provided that no Refinancing Term Loan Commitments shall become effective unless (i) no Default shall have occurred and be continuing on the date of effectiveness thereof, (ii) on the date of effectiveness thereof, the representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects, in each case on and as of such date, except in the case of any such representation and warranty that specifically relates to an earlier date, in which case such representation and warranty shall be true and correct in all material respects on and as of such earlier date, (iii) Holdings and the Borrower shall have delivered to the Administrative Agent such legal opinions, board resolutions, secretary’s certificates, officer’s certificates and other documents as shall reasonably be requested by the

Administrative Agent in connection with any such transaction and (iv) substantially concurrently with the effectiveness thereof, the Borrower shall obtain Refinancing Term Loans thereunder and shall repay or prepay then outstanding Term Borrowings of one or more Classes (on a pro rata basis within each such Class) in an aggregate principal amount equal to the aggregate amount of such Refinancing Term Loan Commitments (less the aggregate amount of accrued and unpaid interest with respect to such outstanding Term Borrowings and any fees, premium and expenses relating to such refinancing).

(c) The Refinancing Facility Agreement shall set forth, with respect to the Refinancing Term Loan Commitments established thereby and the Refinancing Term Loans and other extensions of credit to be made thereunder, to the extent applicable, the following terms thereof: (i) the designation of such Refinancing Term Loan Commitments and Refinancing Term Loans as a new “Class” for all purposes hereof, (ii) the stated termination and maturity dates applicable to the Refinancing Term Loan Commitments or Refinancing Term Loans of such Class; provided that such stated termination and maturity dates shall not be earlier than the Maturity Date applicable to the Class of Term Loans so refinanced, (iii) any amortization applicable thereto and the effect thereon of any prepayment of such Refinancing Term Loans, (iv) the interest rate or rates applicable to the Refinancing Term Loans of such Class, (v) the fees applicable to the Refinancing Term Loan Commitments or Refinancing Term Loans of such Class, (vi) any original issue discount applicable thereto, (vii) the initial Interest Period or Interest Periods applicable to Refinancing Term Loans of such Class, (viii) any voluntary or mandatory commitment reduction or prepayment requirements applicable to Refinancing Term Loan Commitments or Refinancing Term Loans of such Class (which prepayment requirements may provide that such Refinancing Term Loans may participate in any mandatory prepayment on a pro rata basis with any Class of existing Term Loans, but may not provide for prepayment requirements that are more favorable to the Lenders holding such Refinancing Term Loans than to the Lenders holding such Class of Term Loans) and any restrictions on the voluntary or mandatory reductions or prepayments of Refinancing Term Loan Commitments or Refinancing Term Loans of such Class and (ix) any financial covenant with which Holdings and the Borrower shall be required to comply, provided that any such financial covenant shall be for the benefit of all Lenders. Except as contemplated by the preceding sentence, the terms of the Refinancing Term Loan Commitments and Refinancing Term Loans shall be substantially the same as the terms of the existing Term Commitments and the existing Term Loans. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Refinancing Facility Agreement. Each Refinancing Facility Agreement may, without the consent of any Lender other than the applicable Refinancing Term Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to give effect to the provisions of this Section, including any amendments necessary to treat the applicable Refinancing Term Loan Commitments and Refinancing Term Loans as a new “Class” of term loans and/or commitments hereunder.”

(k) The second sentence of Section 3.17(b) of the Credit Agreement is amended to read as follows:

“No part of the proceeds of the Loans will be used directly or indirectly by any Loan Party or any of its Subsidiaries to make any payments to (x) any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended or (y) for the purpose of financing the activities of any Sanctioned Person.”

(l) Section 5.01(c)(ii) of the Credit Agreement is amended to delete the reference therein to “and the Interest Coverage Ratio”.

(m) The first sentence of Section 6.04 of the Credit Agreement is amended by deleting the word “and” at the end of clause (u) thereof, deleting the period at the end of clause (v) thereof, inserting a semicolon and the word “and” at the end of clause (v) thereof and adding a new clause (w) to read as follows:

(w) the 2014 Foreign Acquisition; provided, however, that (i) the 2014 Foreign Acquisition is consummated not later than August 31, 2014, and (ii) at the time of consummation of the 2014 Foreign Acquisition, (x) no Default shall have occurred and be continuing or would result therefrom, and (y) the Borrower shall be in Pro Forma Compliance with the covenant set forth in Section 6.12.

(n) Clause (iii) of Section 6.08(a) of the Credit Agreement is amended to read as follows:

(iii) Holdings may acquire Equity Interests upon the exercise of stock options and/or stock appreciation rights and vesting and/or settlement of restricted stock and restricted stock units if such Equity Interests are transferred in satisfaction of a portion of the exercise price of such options and/or rights and/or any tax withholdings in connection with such exercise, vesting or settlement,

(o) Section 6.12 of the Credit Agreement is amended to read as follows:

“SECTION 6.12. Leverage Ratio. Holdings and the Borrower will not permit the Leverage Ratio on the last day of any fiscal quarter ending during a period set forth below to exceed the ratio set forth opposite the period that includes such day:


Period	Ratio
Effective Date through March 31, 2013		5.75 to 1.00
April 1, 2013 through June 30, 2013		5.50 to 1.00
July 1, 2013 through September 30, 2013		5.00 to 1.00


October 1, 2013 through December 31, 2013		4.75 to 1.00
January 1, 2014 through March 31, 2014		4.25 to 1.00
April 1, 2014 through March 31, 2015		5.75 to 1.00
April 1, 2015 through June 30, 2015		5.25 to 1.00
July 1, 2015 through September 30, 2015		4.75 to 1.00
October 1, 2015 through December 31, 2015		4.25 to 1.00
January 1, 2016 and thereafter		4.00 to 1.00

(p) Section 6.13 of the Credit Agreement is amended to read as follows:

“SECTION 6.13. [Reserved].” ; and

(q) The Credit Agreement is further amended by deleting each reference therein to “Section 6.13” or “6.13” along with the word “or” or “and” immediately preceding any such reference, and by deeming any references to “covenants set forth in Section 6.12 and 6.13”, “Sections 6.12 or 6.13” or similar references to refer solely to Section 6.12 and the covenant set forth therein.

SECTION 4. Exhibits. The Exhibit attached hereto as Exhibit A, replace and supersede the corresponding existing Exhibit D to the Credit Agreement.

SECTION 5. Name Change. Each reference in any Loan Document to the “Borrower” or “Holdings” shall be deemed to refer to the Borrower (for the avoidance of doubt, as defined herein) or Holdings (for the avoidance of doubt, as defined herein), respectively.

SECTION 6. Representations and Warranties. To induce the other parties hereto to enter into this Amendment, the Borrower and each other Loan Party represent and warrant to each of the Lenders, the Administrative Agent and each Issuing Bank that (a) this Amendment has been duly authorized, executed and delivered by the Borrower and each other Loan Party, and this Amendment constitutes a legal, valid and binding obligation of the Borrower and each other Loan Party, enforceable against the Borrower and each other Loan Party in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity (whether enforcement is sought by proceedings in equity or law); (b) after giving effect to this Amendment, the representations and warranties of the Borrower and each other Loan Party contained in Article III of the Credit Agreement, as amended hereby, or in any other Loan Document shall be true and correct in all material respects, in each case on and as of the Amendment Effective Date with the same effect as though made on and as of such date, except to the extent that such representations and warranties relate to an earlier date; and (c) as of the Amendment Effective Date, after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.

SECTION 7. Amendment Effectiveness. The effectiveness of the amendments to the Credit Agreement contemplated hereby shall be subject to the satisfaction (or waiver by the Required Lenders), prior to June 16, 2014, of the following conditions (the first Business Day on which all conditions are so satisfied or waived, the “Amendment Effective Date”):

(a) the Administrative Agent shall have received (i) counterparts of this Amendment that, when taken together, bear the signatures of (A) Holdings, the Borrower and each Subsidiary Loan Party, (B) the Administrative Agent, (C) the Required Lenders and (D) each Additional Commitment Lender;

(b) the Administrative Agent shall have received a certificate, dated the Amendment Effective Date and signed by the chief executive officer or the chief financial officer of each of Holdings and the Borrower, confirming that the representations and warranties set forth in Section 6 above are true and correct in all material respects, in each case on and as of the Amendment Effective Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, and no Default or Event of Default exists immediately before or immediately after giving effect to the transactions contemplated hereby;

(c) the Administrative Agent shall have received from the Borrower payment in immediately available funds of (i) all fees and other amounts required to be paid on the Amendment Effective Date pursuant to the Engagement Letter dated as of May 15, 2014 (the “Engagement Letter”), among the Borrower, JPMorgan Chase Bank, N.A. and X.X. Xxxxxx Securities LLC, and the Fee Letter dated as of May 15, 2014, among the Borrower, JPMorgan Chase Bank, N.A. and X.X. Xxxxxx Securities LLC, all reasonable out-of-pocket expenses required to be paid on the Amendment Effective Date pursuant to the Engagement Letter or Section 14 hereof, to the extent invoiced prior to the Amendment Effective Date, (ii) an amendment fee, for the account of each Existing Lender that shall have unconditionally and irrevocably delivered to the Administrative Agent (or its counsel) its executed signature page to this Amendment on or prior to 12:00 noon, New York City time, on the Amendment Effective Date, equal to 0.125% of the aggregate outstanding principal amount of such Lender’s Term Loans and Revolving Commitment (whether used or unused), in each case immediately prior to the Amendment Effective Date, and (iii) an upfront fee, for the account of each Additional Commitment Lender, in an amount equal to 0.25% of the Additional Revolving Commitment of such Additional Commitment Lender; and

(d) the Administrative Agent shall have received all documentation and other information about the Loan Parties as has been reasonably requested by the Administrative Agent or the Arrangers at least five Business Days prior to the Amendment Effective Date and that they reasonably determine is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act.

The Administrative Agent shall notify Holdings, the Borrower and the Lenders of the Amendment Effective Date, and such notice shall be conclusive and binding.

SECTION 8. Reaffirmation of Guarantee and Security. The Borrower and each other Loan Party, by its signature below, hereby (a) agrees that, notwithstanding the effectiveness of this Amendment, the Security Documents continue to be in full force and effect and (b) affirms and confirms its guarantee of the Obligations (after giving effect to this Amendment) and the pledge of and/or grant of a security interest in its assets as Collateral to secure such Obligations (after giving effect to this Amendment), all as provided in the Security Documents as originally executed (and giving effect to this Amendment), and acknowledges and agrees that such guarantee, pledge and/or grant continue in full force and effect in respect of, and to secure, such Obligations under the Credit Agreement (after giving effect to this Amendment) and the other Loan Documents.

SECTION 9. Effect of Amendment. (a) Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Issuing Bank or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Amendment shall apply and be effective only with respect to the provisions of the Credit Agreement specifically referred to herein. After the Amendment Effective Date, any reference to the Credit Agreement in any Loan Document, and the terms “this Agreement”, “herein”, “hereunder”, “hereto”, “hereof”, “hereby” and words of similar import in the Credit Agreement, shall, unless the context otherwise requires, mean the Credit Agreement as modified hereby. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. This Amendment shall not extinguish the Obligations for the payment of money outstanding under the Credit Agreement or discharge or release the Lien of any Loan Document or any other security therefor or any guarantee thereof, and the Liens and security interests in favor of the Administrative Agent for the benefit of the Secured Parties securing payment of the Obligations are in all respects continuing and in full force and effect with respect to all Obligations. Except as expressly contemplated hereby, nothing herein contained shall be construed as a substitution, novation, or termination of the Obligations outstanding under the Credit Agreement or instruments guaranteeing or securing the same, which shall remain in full force and effect.

(b) For the avoidance of doubt, the Additional Revolving Commitments contemplated hereby do not constitute “Incremental Revolving Commitments” established pursuant to Section 2.21 of the Credit Agreement, the provisions of which are not intended to be modified hereby.

SECTION 10. Acknowledgement and Consent. Each Lender that delivers an executed counterpart of this Amendment hereby consents to this Amendment and the transactions contemplated thereby.

SECTION 11. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Amendment by facsimile transmission, “.pdf” or similar electronic format shall be as effective as delivery of a manually signed counterpart of this Amendment.

SECTION 12. Governing Law; Jurisdiction; Etc. The provisions of Sections 9.09 and 9.10 of the Credit Agreement shall apply to this Amendment, mutatis mutandis.

SECTION 13. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

SECTION 14. Expenses. To the extent required by the Engagement Letter or Section 9.03 of the Credit Agreement, the Borrower and Holdings agree, jointly and severally, to pay all reasonable and documented out-of-pocket expenses incurred by X.X. Xxxxxx Securities LLC and the Administrative Agent in connection with this Amendment (including the reasonable fees, charges and disbursements of Cravath, Swaine & Xxxxx LLP), as well as all other out-of-pocket expenses payable under the Credit Agreement.

[Remainder of this page intentionally left blank]

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


SURVEYMONKEY INC., as Borrower,

by

/s/ Xxxxxxx Xxxx
Name: Xxxxxxx Xxxx
Title: Chief Operating Officer & Chief Financial Officer

SVMK INC., as Holdings,

by

/s/ Xxxxxxx Xxxx
Name: Xxxxxxx Xxxx
Title: Chief Operating Officer & Chief Financial Officer

INFINITY BOX INC., as a Subsidiary Loan Party

by

/s/ Xxxxxxx Xxxx
Name: Xxxxxxx Xxxx
Title: Director

[SIGNATURE PAGE TO AMENDMENT NO.1 TO THE SURVEY MONKEY INC. CREDIT AGREEMENT]


JPMORGAN CHASE BANK, N.A., as a Lender, as Swingline Lender, as an Issuing Bank and as Administrative Agent,

by

/s/ Xxx X. Xxxxx
Name:		Xxx X. Xxxxx
Title:		Vice President

[SIGNATURE PAGE TO AMENDMENT NO.1 TO THE SURVEY MONKEY INC. CREDIT AGREEMENT]

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


ACE American Insurance Company

By: X. Xxxx Price Associates, Inc. as investment advisor

by

/s/ Xxxxx Xxxxx
Name:		Xxxxx Xxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


X. Xxxx Price Floating Rate Fund, Inc.

by

/s/ Xxxxx Xxxxx
Name:		Xxxxx Xxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


X. Xxxx Price Floating Rate Multi-Sector Account Portfolio

by

/s/ Xxxxx Xxxxx
Name:		Xxxxx Xxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


X. Xxxx Price Institutional Floating Rate Fund

by

/s/ Xxxxx Xxxxx
Name:		Xxxxx Xxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


AIB Debt Management, Limited

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:


by

/s/ Xxxxx Xxxxxxx
Name:		Xxxxx Xxxxxxx
Title:		Assistant Vice President

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


CEDAR CREEK CLO, LTD.

by

/s/ Xxxxx Xxxxxxx
Name:		Xxxxx Xxxxxxx
Title:		Authorized Xxxxxx

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


BANKERS LIFE & CASUALTY COMPANY

by

/s/ Xxxxx Xxxxxxxx
Name:		Xxxxx Xxxxxxxx
Title:		Authorized Xxxxxx

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Benefit Street Partners CLO I, Ltd.

by

/s/ Xxxxx Xxxxx
Name:		Xxxxx Xxxxx
Title:		Authorized Signer

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Benefit Street Partners CLO II, Ltd.

by

/s/ Xxxxx Xxxxx
Name:		Xxxxx Xxxxx
Title:		Authorized Signer

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Bank of America, N.A.

by

/s/ Xxxxxx X. Xxxxxx
Name:		Xxxxxx X. Xxxxxx
Title:		SVP

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Cavalry CLO II.

By: Regiment Capital Management, LLC
		its Investment Advisor

By:		/s/ Xxxx X. Xxxxxxxxxx
		Xxxx X. Xxxxxxxxxx
		Authorized Signatory

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


AGF Floating Rate Income Fund

By: Xxxxx Xxxxx Management as Portfolio Manager

by

/s/ Xxxxxxx X. Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Columbia Funds Variable Series Trust II-
Variable Portfolio- Xxxxx Xxxxx Floating Rate Income Fund

By: Xxxxx Xxxxx Management as Investment Sub-Advisor

by

/s/ Xxxxxxx X.Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx CDO VII PLC

By: Xxxxx Xxxxx Management as Interim Investment Advisor

by

/s/ Xxxxxxx X.Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx CDO VIII Ltd.

By: Xxxxx Xxxxx Management as Investment Advisor

by

/s/ Xxxxxxx X.Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx CDO X PLC

By: Xxxxx Xxxxx Management as Investment Advisor by

/s/ Xxxxxxx X.Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx CLO 2013-1 LTD.

By: Xxxxx Xxxxx Management Portfolio Manager

by

/s/ Xxxxxxx X. Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx Floating-Rate Income Plus Fund

By: Xxxxx Xxxxx Management as Investment Advisor

by

/s/ Xxxxxxx X. Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx Floating-Rate Income Trust

By: Xxxxx Xxxxx Management as Investment Advisor

by

/s/ Xxxxxxx X. Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx Institutional Senior Loan Fund

By: Xxxxx Xxxxx Management as Investment Advisor

by

/s/ Xxxxxxx X. Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx International (Cayman Islands) Floating-Rate Income Portfolio

By: Xxxxx Xxxxx Management as Investment Advisor

by

/s/ Xxxxxxx X. Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx Limited Duration Income Fund

By: Xxxxx Xxxxx Management as Investment Advisor

by

/s/ Xxxxxxx X. Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx Senior Floating-Rate Trust

By: Xxxxx Xxxxx Management as Investment Advisor

by

/s/ Xxxxxxx X. Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx Senior Income Trust

By: Xxxxx Xxxxx Management as Investment Advisor

by

/s/ Xxxxxxx X.Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx Short Duration Diversified Income Fund

By: Xxxxx Xxxxx Management as Investment Advisor

by

/s/ Xxxxxxx X.Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxx Xxxxx VT Floating-Rate Income Fund

By: Xxxxx Xxxxx Management as Investment Advisor

by

/s/ Xxxxxxx X.Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxxxx & Co.

By: Boston Management and Research as Investment Advisor

by

/s/ Xxxxxxx X.Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


MET Investors Series Trust-Met/Xxxxx Xxxxx Floating Rate Portfolio

By: Xxxxx Xxxxx Management as Investment Sub-Advisor

by

/s/ Xxxxxxx X.Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Pacific Life Funds-PL Floating Rate Loan Fund

By: Xxxxx Xxxxx Management as Investment Sub-Advisor

by

/s/ Xxxxxxx X.Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Pacific Select Fund Floating Rate Loan Portfolio

By: Xxxxx Xxxxx Management as Investment Sub-Advisor

by

/s/ Xxxxxxx X.Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Senior Debt Portfolio

By: Boston Management and Research as Investment Advisor

by

/s/ Xxxxxxx X.Xxxxxxxx
Name:		Xxxxxxx Xxxxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxxxxxxx Place CLO, Ltd.

by

/s/ Xxxxx X’Xxxx
Name:		Xxxxx X’Xxxx
Title:		Portfolio Manager

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Gallatin CLOV 2013-1, Ltd.
As Assignee
By: MP Senior Credit Partners LP. as its Collateral Manager

by

/s/ Xxxxxx Xxxxxxxx
Name:		Xxxxxx Xxxxxxxx
Title:		CEO

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Goldentree Loan Opportunities VII, Ltd.

By: Goldentree Asset Management, L.P.

by

/s/ Xxxxx Xxxxx
Name:		Xxxxx Xxxxx
Title:		Authorized Signatory

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Xxxxxxx Sachs Bank USA.

by

/s/ Xxxxxxxx Xxxxxxx
Name:		Xxxxxxxx Xxxxxxx
Title:		Authorized Signatory

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Hamlet II, Ltd.

By: Octagon Credit Investors, LLC
as Portfolio Manager

by

/s/ Xxxxxxxx X. Xxxxxx
Name:		Xxxxxxxx X. Xxxxxx
Title:		Managing Director of Portfolio Administration

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Octagon Investment Partners X, Ltd.

By: Octagon Credit Investors, LLC
as Collateral Manager

by

/s/ Xxxxxxxx X. Xxxxxx
Name:		Xxxxxxxx X. Xxxxxx
Title:		Managing Director of Portfolio Administration

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Octagon Investment Partners XI, Ltd.

By: Octagon Credit Investors, LLC
as Collateral Manager

by

/s/ Xxxxxxxx X. Xxxxxx
Name:		Xxxxxxxx X. Xxxxxx
Title:		Managing Director of Portfolio Administration

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Octagon Investment Partners XIV, Ltd.

By: Octagon Credit Investors, LLC
as Collateral Manager

by

/s/ Xxxxxxxx X. Xxxxxx
Name:		Xxxxxxxx X. Xxxxxx
Title:		Managing Director of Portfolio Administration

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Octagon Investment Partners XIX, Ltd.

By: Octagon Credit Investors, LLC as Collateral Manager

by

/s/ Xxxxxxxx X. Xxxxxx
Name:		Xxxxxxxx X. Xxxxxx
Title:		Managing Director of Portfolio Administration

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Octagon Investment Partners XV, Ltd.

By: Octagon Credit Investors, LLC as Collateral Manager

by

/s/ Xxxxxxxx X. Xxxxxx
Name:		Xxxxxxxx X. Xxxxxx
Title:		Managing Director of Portfolio Administration

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Octagon Investment Partners XVI, Ltd.

By: Octagon Credit Investors, LLC as Collateral Manager

by

/s/ Xxxxxxxx X. Xxxxxx
Name:		Xxxxxxxx X. Xxxxxx
Title:		Managing Director of Portfolio Administration

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Octagon Investment Partners XVII, Ltd.

By: Octagon Credit Investors, LLC as Collateral Manager

by

/s/ Xxxxxxxx X. Xxxxxx
Name:		Xxxxxxxx X. Xxxxxx
Title:		Managing Director of Portfolio Administration

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


HFR ES ECO Master Trust

by

/s/ Xxxxxx Xxxxxxxx
Name:		Xxxxxx Xxxxxxxx
Title:		Managing Partner

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


ECO Master Fund Ltd

by

/s/ Xxxxxx Xxxxxxxx
Name:		Xxxxxx Xxxxxxxx
Title:		Managing Partner

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


ILLINOIS STATE BOARD OF INVESTMENT

By: THL Credit Senior Loan Strategies LLC, as Investment Manager

by

/s/ Xxxxxxxx Xxxx
Name:		Xxxxxxxx Xxxx
Title:		Authorized Signatory

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


THL Credit Wind River 2012-1CLO Ltd.

By: THL Credit Senior Loan Strategies LLC, as Investment Manager

by

/s/ Xxxxxxxx Xxxx
Name:		Xxxxxxxx Xxxx
Title:		Managing Director

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


IBM Personal Pension Plan Trust

By: ING Investment Management Co., as its investment manager

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


New Mexico State Investment Council

By: ING Investment Management Co. LLC, as its investment manager

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


BayernInvest Alternative Loan-Funds

By: ING Investment Management Co. LLC, as its investment manager

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


City of New York Group Trust

By: ING Investment Management Co. LLC, as its investment manager

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


ING (L) Flex-Senior Loans

By: ING Investment Management Co., as its investment manager

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


ING Floating Rate Fund

By: ING Investment Management Co., as its investment manager

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


ING High Income Floating Rate Fund

By: ING Investment Management Co., LLC as its investment advisor

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


ING Investment Management CLO V, LTD.

By: ING Alternative Asset Management LLC, as its investment manager

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


ING Investment Trust Co. Plan for Common Trust Funds-Senior Loan Fund

By: ING Investment Trust Co. as its trustee

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


ING Prime Rate Trust

By: ING Investment Management Co., as its investment manager

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


ING Senior Income Fund

By: ING Investment Management Co., as its investment manager

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


ISL Loan Trust

By: ING Investment Management Co., as its investment advisor

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


ISL Loan Trust II

By: ING Investment Management Co., as its investment advisor

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


LCM XV Limited Partnership

By: LCM Asset Management LLC as Collateral Manager

by

/s/ Xxxxxx X. Xxxxx
Name:		Xxxxxx X. Xxxxx
Title:

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


LCM XIV Limited Partnership

By: LCM Asset Management LLC as Collateral Manager

by

/s/ Xxxxxx X. Xxxxx
Name:		Xxxxxx X. Xxxxx
Title:

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


LCM XIII Limited Partnership

By: LCM Asset Management LLC as Collateral Manager

by

/s/ Xxxxxx X. Xxxxx
Name:		Xxxxxx X. Xxxxx
Title:

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


LCM VI Ltd.

By: LCM Asset Management LLC as Collateral Manager

by

/s/ Xxxxxx X. Xxxxx
Name:		Xxxxxx X. Xxxxx
Title:

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


LCM V Ltd.

By: LCM Asset Management LLC as Collateral Manager

by

/s/ Xxxxxx X. Xxxxx
Name:		Xxxxxx X. Xxxxx
Title:

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


G.A.S. (Cayman) Limited, as Trustee on behalf of Octagon Joint Credit Trust Series I (and not in its individual capacity)

By: Octagon Credit Investors, LLC, as Portfolio Manager

by

/s/ Xxxxxxxx X. Xxxxxx
Name:		Xxxxxxxx X. Xxxxxx
Title:		Managing Director of Portfolio Administration

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Octagon Investment Partners XII, Ltd.

By: Octagon Credit Investors, LLC, as Collateral Manager

by

/s/ Xxxxxxxx X. Xxxxxx
Name:		Xxxxxxxx X. Xxxxxx
Title:		Managing Director of Portfolio Administration

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


OFS Fund V, Ltd.

By:		OFS Capital Management, LLC

Its:		Collateral Manager

By:		/S/ Xxx X. Xxxxx
Name:		Xxx X. Xxxxx
Title:		Managing Director

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


JNL/PPM America Floating Rate Income Fund, a series of the JNL Series Trust

By: PPM America, Inc. as sub-advisor

By:		/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title:		Managing Director

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


SunTrust Banks, Inc.

by

/s/ Xxxxx Xxxxxx
Name:		Xxxxx Xxxxxx
Title::		Director

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Crown Point CLO Ltd.

by

/s/ Xxxx X. X’Xxxxxx
Name:		Xxxx X. X’Xxxxxx
Title:		Sr. Portfolio Manager

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Venture VII CDO Limited

By: its investment advisor, MJX Asset Management, LLC

by

/s/ Xxxxxxx Xxxxx
Name:		Xxxxxxx Xxxxx
Title:		Managing Director

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Venture X CLO, Limited

by

/s/ Xxxxxxx Xxxxx
Name:		Xxxxxxx Xxxxx
Title:		Senior Portfolio Manager

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Venture IX CDO, Limited

By: its investment advisor, MJX Asset Management LLC

by

/s/ Xxxxxxx Xxxxx
Name:		Xxxxxxx Xxxxx
Title:		Managing Director

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Venture VIII CDO, Limited

By: its investment advisor, MJX Asset Management LLC

by

/s/ Xxxxxxx Xxxxx
Name:		Xxxxxxx Xxxxx
Title:		Managing Director

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Venture XII CLO, Limited

By: its investment advisor, MJX Asset Management LLC

by

/s/ Xxxxxxx Xxxxx
Name:		Xxxxxxx Xxxxx
Title:		Senior Portfolio Manager

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Venture XIII CLO, Limited

By: its investment advisor, MJX Asset Management LLC

by

/s/ Xxxxxxx Xxxxx
Name:		Xxxxxxx Xxxxx
Title:		Senior Portfolio Manager

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


Venture XI CLO, Limited

By: its investment advisor, MJX Asset Management LLC

by

/s/ Xxxxxxx Xxxxx
Name:		Xxxxxxx Xxxxx
Title:		Senior Portfolio Manager

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


by

/s/ Xxxxx X. Xxxxx
Name:		Xxxxx X. Xxxxx
Title:		Vice President

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


WhiteHorse VII Ltd.

By: H.I.G. WhiteHorse Capital, LLC As: Collateral Manager

by

/s/ Xxxxxx Xxxxxx
Name:		Xxxxxx Xxxxxx
Title:		Manager

For any Lender requiring a second signature block:

Name:

Title:

LENDER SIGNATURE PAGE TO

AMENDMENT NO.1 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Lender:


WhiteHorse VIII Ltd.

By: H.I.G. WhiteHorse Capital, LLC As: Collateral Manager

by

/s/ Xxxxxx Xxxxxx
Name:		Xxxxxx Xxxxxx
Title:		Manager

For any Lender requiring a second signature block:

Name:

Title:

SCHEDULE 2.01

COMMITMENTS

Term Commitment


Term Lender	Term Commitment
JPMorgan Chase Bank, N.A.	$	315,000,000

Revolving Commitments


Revolving Lender	Revolving Commitments
JPMorgan Chase Bank, N.A.	$	30,000,000
Bank of America, N.A.	$	15,000,000
Xxxxxxx Xxxxx Bank USA	$	10,000,000
SunTrust Bank	$	20,000,000

EXHIBIT A

[FORM OF] COMPLIANCE CERTIFICATE ¹

Reference is made to the Credit Agreement dated as of February 7, 2013 (as amended by that certain Amendment No. 1 dated as of May 22, 2014 and as otherwise amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among SurveyMonkey Inc., a Delaware corporation formerly known as XxxxxxXxxxxx.xxx LLC (the “Borrower”), SVMK Inc., a Delaware corporation formerly known as SurveyMonkey Inc. (“Holdings”), the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. Each capitalized term used but not defined herein shall have the meaning specified in the Credit Agreement.

The undersigned hereby certifies, in [his][her] capacity as a [FINANCIAL OFFICER] of each of Holdings and the Borrower and not in a personal capacity, as follows:

1. I am a Financial Officer of each of Holdings and the Borrower.

[or]

position, results of operations and cash flows of Holdings and its consolidated Subsidiaries on a consolidated basis as of the end of and for such fiscal quarter and the applicable elapsed portion of the applicable fiscal year in accordance with GAAP, subject to normal year-end audit adjustments and the absence of certain footnotes.]

4. Attached as Schedule II hereto are reasonably detailed calculations of the Leverage Ratio as of the last day of the fiscal period covered by the [consolidated financial statements most recently delivered pursuant to Sections 5.01(a) or 5.01(b) of the Credit Agreement][attached financial statements].

5. All notices required to be provided under Sections 5.03 and 5.04 of the Credit Agreement have been provided.

6. [Attached as Schedule III hereto are reasonably detailed calculations with respect to which Subsidiaries are Material Subsidiaries based on the information contained in the [consolidated financial statements most recently delivered pursuant to Sections 5.01(a) or 5.01(b) of the Credit Agreement][attached financial statements] and identifying each Subsidiary, if any, that has automatically been designated a Material Subsidiary in order to satisfy the condition set forth in the definition of the term “Material Subsidiary” in the Credit Agreement.]²

7. Schedule IV, attached hereto, identifies each Subsidiary that (A) is an Excluded Subsidiary as of the date hereof but has not been identified as an Excluded Subsidiary in Schedule 3.11A of the Credit Agreement or in any prior Compliance Certificate or (B) has previously been identified as an Excluded Subsidiary but has ceased to be an Excluded Subsidiary.

²	To be included unless each wholly owned Domestic Subsidiary constitutes a Loan Party or has been designated as a Material Subsidiary prior to the time the Compliance Certificate is delivered.

³	To be included only to the extent utilized during the most recent fiscal quarter covered by the Compliance Certificate.

A-2

10. [Attached as Schedule VII hereto are reasonably detailed calculations with respect to Excess Cash Flow for the most recently ended fiscal year.]⁴

11. The financial covenant analyses and other information set forth on Schedule II hereto are true and accurate in all material respects on and as of the date of this Certificate.

The foregoing certifications are made and delivered on the date first written above pursuant to Section 5.01(c) of the Credit Agreement.

SURVEYMONKEY INC., as Borrower,

SVMK INC., as Holdings,

Name:

Title:

⁴	To be included for Compliance Certificates delivered pursuant to Section 5.01(c) (in respect of the financial statements required to be delivered pursuant to Section 5.01(a)) for fiscal years ending on or after December 31, 2013.

A-3

SCHUDULE I TO

COMPLIANCE CERTIFICATE

FINANCIAL STATEMENTS FOR THE FISCAL [QUARTER] [YEAR] ENDED

[mm/dd/yy].

SCHUDULE II TO

COMPLIANCE CERTIFICATE

FOR THE FISCAL [QUARTER] [YEAR] ENDED [mm/dd/yy].


1.			Leverage Ratio: (i) / (ii) =	[ ]x

	(i)	net Consolidated Funded Debt: (a) – ((b) + (c))¹ =		$[___,___,___]

		(a)	Consolidated Funded Debt:	$[___,___,___]

		(b)	Available Domestic Cash in excess of $5,000,000:	$[___,___,___]

		(c)	70% of Available Foreign Cash:	$[___,___,___]

	(ii)	Consolidated EBITDA for the period of four consecutive fiscal quarters of Holdings most recently ended on or prior to such date:		$[___,___,___]

2.			Consolidated Funded Debt:² (i) =	$[___,___,___]

	(i)		the sum of (a) all obligations for borrowed money, whether current or long-term and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) all purchase money Indebtedness; (c) the maximum amount available to be drawn under all letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments (excluding any of the foregoing securing obligations under the New Building Lease); (d) all obligations in respect of the deferred purchase price of property or services (excluding deferred compensation, accruals for payroll and other operating expenses accrued in the ordinary course of business and accounts payable in the ordinary course of business, but including any earn-out obligations that are required to be shown as a liability on the balance sheet of Holdings and its

¹	The sum of (b) and (c) not to exceed $50,000,000.

Schedule II to the Compliance Certificate


			Subsidiaries and not contingent (but excluding earn-out obligations that are not payable in cash)); (e) all Capital Lease Obligations; (f) all Disqualified Equity Interests (other than the Series A Convertible Preferred Stock); (g) all Guarantees with respect to Indebtedness of the types specified in clauses (a) through (f) above of another Person; and (h) all Indebtedness of the types referred to in clauses (a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which any Loan Party or any Subsidiary is a general partner or joint venturer, to the extent that such Indebtedness is recourse to such Person:	$[___,___,___]

4.	Consolidated EBITDA:³ (i) + (ii) – (iii) =			$[___,___,___]

	(i)	Consolidated Net Income:		$[___,___,___]

	(ii)⁴	the sum of:		$[___,___,___]

		(a)	consolidated interest expense for such period (including imputed interest expense in respect of Capital Lease Obligations):	$[___,___,___]

		(b)	consolidated interest expense for such period (including imputed interest expense in respect of Capital Lease Obligations):	$[___,___,___]

		(c)	provision for taxes based on income, profits or capital, including foreign withholding tax and federal, foreign, state, franchise and similar taxes paid or accrued during such period (including in respect of repatriated funds):	$[___,___,___]

		(d)	all amounts attributable to depreciation and amortization for such period (excluding amortization attributable to a prepaid cash expense item that was paid in a prior period, but including amortization of deferred financing fees and costs and amortization of intangibles):	$[___,___,___]

⁴	Items to be set forth without duplication and to the extent deducted in determining Consolidated Net Income.

Schedule II to the Compliance Certificate


	prepaid cash expense item that was paid in a prior period, but including amortization of deferred financing fees and costs and amortization of intangibles):	$[___,___,___]

(e)	any extraordinary losses for such period:	$[___,___,___]

(f)	any unusual or non-recurring losses, expenses or charges for such period⁵:	$[___,___,___]

(g)	any Non-Cash Charges for such period⁶:	$[___,___,___]

(h)	costs, fees, and other third-party expenses during such period related to any Permitted Acquisition or other Investment permitted under Section 6.04 of the Credit Agreement, any issuance of Equity Interests, any Disposition permitted under the Credit Agreement, any recapitalization or the incurrence of Indebtedness permitted to be incurred under the Credit Agreement, including a refinancing thereof and any amendment or modification to the terms of any such transactions (in each case, if permitted by the Credit Agreement and whether or not such transaction is consummated, but in any event excluding Pro Forma Adjustments):	$[___,___,___]

(i)	any financial advisory fees, accounting fees, legal fees and other similar third-party advisory and consulting fees and related out-of-pocket expenses of Holdings, the Borrower and the other Subsidiaries during such period incurred as a result of the Transactions (including fees and expenses for such period incurred prior to the Effective Date for services provided by Xxxxx & Co. or any of its Affiliates):	$[___,___,___]

(j)	cash restructuring charges, accruals or reserves (including adjustments to existing reserves) and other cash expenses incurred in connection with Permitted Acquisitions or other acquisitions for such period (including restructuring, severance, transition and relocation costs, retention payments, change of control bonuses and similar expenses related to acquisitions)⁷:	$[___,___,___]

⁵	The aggregate amount of all amounts under clauses (f), (j) and (n) shall not exceed, and shall be limited to, 20% of Consolidated EBITDA in respect of the Test Period.

⁶	Any cash payment made with respect to any Non-Cash Charges added back in computing Consolidated EBITDA for any prior period pursuant to clause (g) above shall be subtracted in computing Consolidated EBITDA for the period in which such cash payment is made.

⁷	The aggregate amount of all amounts under clauses (f), (j) and (n) shall not exceed, and shall be limited to, 20% of Consolidated EBITDA in respect of the Test Period.

Schedule II to the Compliance Certificate



	(k)	losses on assets during such period in connection with asset sales, disposals or abandonments (other than asset sales, disposals or abandonments in the ordinary course of business):	$[___,___,___]

	(l)	the amount of any net losses from discontinued operations in accordance with GAAP for such period:	$[___,___,___]

	(m)	any losses attributable to early extinguishment of Indebtedness or obligations under any Hedging Agreement for such period:	$[___,___,___]

	(n)	Pro Forma Adjustments in connection with Material Acquisitions consummated during such period⁸:	$[___,___,___]

(iii)⁹	the sum of:		$[___,___,___]

	(a)	any extraordinary gains for such period, determined on a consolidated basis in accordance with GAAP:	$[___,___,___]

	(b)	any gains attributable to the early extinguishment of Indebtedness or obligations under any Hedging Agreement for such period:	$[___,___,___]

	(c)	the decrease (if any) in the balance of the amount of deferred revenue as of the end of any such period below the balance of the amount of deferred revenue as of the end of the immediately prior period:	$[___,___,___]

	(d)	the amount of any net income from discontinued operations in accordance with GAAP for such period:	$[___,___,___]

⁸

⁹	Items to be set forth without duplication and to the extent included in determining Consolidated Net Income.

Schedule II to the Compliance Certificate


5.	Consolidated Net Income: (i) – (ii) =			$[___,___,___]

	(i)	the net income or loss of the Borrower and its consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP¹⁰:		$[___,___,___]

	(ii)	the sum of:		$[___,___,___]

		(a)	the income or loss of any Person (other than Holdings) that is not a consolidated Subsidiary except to the extent of the amount of cash dividends or similar cash distributions actually paid by such Person to Holdings, the Borrower or, subject to clauses (b) and (c) below, any other consolidated Subsidiary during such period:	$[___,___,___]

		(b)	the income of, and any amounts referred to in clause (a) above paid to, any consolidated Subsidiary (other than any Loan Party) to the extent that, on the date of determination, the declaration or payment of cash dividends or similar cash distributions by such Subsidiary is not permitted without any prior approval of any Governmental Authority that has not been obtained or is not permitted by the operation of the terms of the organizational documents of such Subsidiary, any agreement or other instrument binding upon Holdings or any Subsidiary or any law applicable to Holdings or any Subsidiary, unless such restrictions with respect to the payment of cash dividends and other similar cash distributions has been legally and effectively waived:	$[___,___,___]

		(c)	the income or loss of, and any amounts referred to in clause (a) above paid to, any consolidated Subsidiary that is not wholly owned by Holdings to the extent such income or loss or such amounts are attributable to the noncontrolling interest in such consolidated Subsidiary:	$[___,___,___]

¹⁰

To the extent not already included, this clause (i) shall include the amount of proceeds actually received by Holdings, the Borrower and the other Subsidiaries during the relevant period from business interruption insurance or from reimbursement of expenses and charges that are covered by indemnification and other reimbursement provisions in connection with any acquisition or other Investment or any Disposition of any asset permitted under the Credit Agreement; provided that the amount of any such proceeds thereafter returned or repaid shall be deducted from Consolidated Net Income in the period in which so returned or repaid.

Schedule II to the Compliance Certificate

SCHEDULE [III][IV][V][VI][VII] TO

COMPLIANCE CERTIFICATE

Schedule [III][IV][V][VI][VII] to the Compliance Certificate

EXECUTION VERSION

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

AMENDMENT NO. 2 dated as of July 30, 2015 (this “Amendment”) to the CREDIT AGREEMENT dated as of February 7, 2013 (as amended by that certain Amendment No. 1 to the Credit Agreement dated as of May 22, 2014, the “Credit Agreement”), among SurveyMonkey Inc., a Delaware corporation formerly known as XxxxxxXxxxxx.xxx LLC (the “Borrower”), SVMK Inc., a Delaware corporation formerly known as SurveyMonkey Inc. (“Holdings”), each lender party thereto on the date hereof (collectively, the “Existing Lenders” and, individually, an “Existing Lender”), and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

C. The Borrower and Holdings have requested that the Credit Agreement be amended to effect the modifications set forth herein.

SECTION 1. Defined Terms. Capitalized terms used but not defined herein (including in the recitals hereto) shall have the meanings given to them in the Credit Agreement, as amended hereby.

SECTION 2. Amendments to the Credit Agreement. Subject to the terms and conditions hereof, on the Amendment Effective Date the Credit Agreement is hereby amended as follows:

(a) Section 1.01 of the Credit Agreement is amended by inserting the following definitions in the appropriate alphabetical order:

“Sanctioned Country” means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, Crimean region of Ukraine, Cuba, Iran, North Korea, Sudan and Syria).

“Second Amendment” means the Second Amendment to this Agreement dated as of July 30, 2015 , among the Borrower, Holdings, Lenders constituting the Required Lenders and the Administrative Agent.

“Second Amendment Effective Date” means the date on which the Second Amendment became effective in accordance with its terms.

(b) The definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is amended by revising clause (a) thereof to read in its entirety as follows: “(a) with respect to any Term Loan, (i) 4.00% per annum, in the case of an ABR Loan, or (ii) 5.00% per annum, in the case of a Eurocurrency Loan”.

(c) The definition of “Change in Control” in Section 1.01 of the Credit Agreement is amended by deleting the reference to “, in each case other than any person whose initial nomination or appointment occurred as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more directors on the board of directors of Holdings (other than any such solicitation made by such board of directors)” contained in such definition.

(d) The definition of “Consolidated Funded Debt” in Section 1.01 of the Credit Agreement is amended by (i) deleting in the parenthetical in clause (d) thereof the text “, but including any earn-out obligations that are required to be shown as a liability on the balance sheet of Holdings and its Subsidiaries and not contingent (but excluding earn-out obligations that are not payable in cash)”, (ii) revising clause (x)(ii) thereof to read in its entirety as follows: “(x)(ii)(A) post-closing purchase price adjustments, (B) obligations in respect of earn-out payments (including after the amount of such earn-out payments becomes fixed) or (C) to the extent the cumulative aggregate of the initial amounts thereof does not exceed $20,000,000 in any fiscal year, other deferred purchase price obligations, in each case referred to in this subclause (x)(ii), incurred in connection with any Permitted Acquisition or other Investment permitted by Section 6.04 (it being agreed that installment payments or prepayments of any deferred purchase price obligations referred to in subclause (C) that are incurred in any particular fiscal year will first be deemed to have been applied in respect of the initial amounts thereof in excess of $20,000,000)”, and (iii) deleting the reference to “Consolidated Funded Indebtedness” contained in the last sentence of such definition and replacing it with a reference to “Consolidated Funded Debt”.

(e) The definition of “Federal Funds Effective Rate” in Section 1.01 of the Credit Agreement is amended by adding the following at the end thereof: “Notwithstanding the foregoing, if the Federal Funds Effective Rate, determined as provided above, would otherwise be less than zero, then such rate shall be deemed to be zero for all purposes.”

(f) The definition of “LIBO Rate” in Section 1.01 of the Credit Agreement is amended by adding the following as the penultimate sentence thereof: “Notwithstanding the foregoing, but subject to the next following sentence, if the LIBO Rate, determined as provided above, would otherwise be less than zero, then such rate shall be deemed to be zero for all purposes.”

(g) Section 1.01 of the Credit Agreement is amended by deleting the definition of “New Building Lease” contained therein and by inserting the following definition in the appropriate alphabetical order therein:

“New Building Leases” means, collectively, (i) the lease for the location at 000 Xxxxxx Xxxxxx, Xxxx Xxxx, Xxxxxxxxxx and (ii) the lease for the location at 0000 Xxxxx Xxxxxxxx Xxxxxx, Xxx Xxxxx, Xxxxxxxxxx, having substantially the same terms (to the extent material to Lenders) as summarized for the Lenders in the Lender presentation provided to them in connection with the Second Amendment.

(h) Each reference to “New Building Lease” contained in the Credit Agreement is deleted and replaced a reference to “New Building Leases”.

(i) Section 2.11(h) of the Credit Agreement is amended by deleting “prior to the first anniversary of the Effective Date” and replacing it with “on or after the Second Amendment Effective Date and prior to the date that is 18 months after the Second Amendment Effective Date”.

(j) Section 5.11 of the Credit Agreement is amended by (i) designating the existing provisions as paragraph “(a)” and (ii) adding the following paragraph (b):

“(b) The Borrower will not request any Borrowing or Letter of Credit, and the Borrower will not use, and will procure that each Subsidiary and the Borrower’s and each such Subsidiary’s directors, officers, employees and, to the knowledge of the Borrower, agents will not use, the proceeds of any Borrowing or Letter of Credit (A) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country (unless otherwise permissible under Sanctions), to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States or in a European Union member state or (B) in any manner that would result in the violation of any Sanctions applicable to any party hereto.”

(k) Section 6.01(a) of the Credit Agreement is amended by deleting subsection (viii) thereof and replacing it with the following:

“(viii) Indebtedness of Holdings, the Borrower or any Subsidiary owed in respect of any overdrafts and related liabilities arising from treasury, depository and cash management services (including payroll services, controlled disbursements, zero balance arrangements, cash sweeps, automated clearing-house transactions, return items, overdrafts, temporary advances, interest and fees and interstate depository network services) and Guarantees of any of the foregoing;”.

(l) Section 6.01(a) of the Credit Agreement is further amended by deleting the reference to “of a similar nature incurred” contained in Section 6.01(a)(x) of the Credit Agreement.

(m) Section 6.04 of the Credit Agreement is amended by deleting subsection (r) thereof and replacing it with the following:

“(r) Guarantees (i) in the ordinary course of business of obligations not constituting Indebtedness, and (ii) of Indebtedness permitted pursuant to Section 6.01(a)(viii);”.

(n) Section 6.12 of the Credit Agreement is amended to read as follows:


Period	Ratio
Effective Date through March 31, 2013		5.75 to 1.00
April 1, 2013 through June 30, 2013		5.50 to 1.00
July 1, 2013 through September 30, 2013		5.00 to 1.00
October 1, 2013 through December 31, 2013		4.75 to 1.00
January 1, 2014 through March 31, 2014		4.25 to 1.00
April 1, 2014 through March 31, 2015		5.75 to 1.00
April 1, 2015 through June 30, 2015		5.25 to 1.00
July 1, 2015 through December 31, 2015		4.75 to 1.00
January 1, 2016 through September 30, 2016		5.25 to 1.00
October 1, 2016 through December 31, 2016		5.00 to 1.00
January 1, 2017 through March 31, 2017		4.75 to 1.00
April 1, 2017 through June 30, 2017		4.50 to 1.00
July 1, 2017 through September 30, 2017		4.25 to 1.00
October 1, 2017 and thereafter		4.00 to 1.00

”

SECTION 3. Representations and Warranties. To induce the other parties hereto to enter into this Amendment, the Borrower and each other Loan Party represent and warrant to each of the Lenders, the Administrative Agent and each Issuing Bank that (a) this Amendment has been duly authorized, executed and delivered by the Borrower and each other Loan Party, and this Amendment constitutes a legal, valid and binding obligation of the Borrower and each other Loan Party, enforceable against the Borrower and each other Loan Party in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity (whether enforcement is sought by proceedings in equity or law); (b) after giving effect to this Amendment, the representations and warranties of the Borrower and each other Loan Party contained in Article III of the Credit Agreement, as amended hereby, or in any other Loan Document are true and correct in all material respects, in each case on and as of the Amendment Effective Date with the same effect as though made on and as of such date, except to the extent that such representations and warranties relate to an earlier date; and (c) as of the Amendment Effective Date, after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.

SECTION 4. Amendment Effectiveness. The effectiveness of the amendments to the Credit Agreement contemplated hereby shall be subject to the satisfaction (or waiver by the Required Lenders) of the following conditions (the first Business Day on which all conditions are so satisfied or waived, the “Amendment Effective Date”):

(b) the Administrative Agent shall have received a certificate, dated the Amendment Effective Date and signed by the chief executive officer or the chief financial officer of each of Holdings and the Borrower, confirming that the representations and warranties set forth in Section 3 above are true and correct in all material respects, in each case on and as of the Amendment Effective Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, and that no Default or Event of Default exists on the Amendment Effective Date immediately before or immediately after giving effect to this Amendment; and

(c) the Administrative Agent shall have received from the Borrower payment in immediately available funds of (i) all fees and other amounts required to be paid on the Amendment Effective Date pursuant to the Engagement Letter dated as of July 22, 2015 (the “Engagement Letter”), among the Borrower, JPMorgan Chase Bank, N.A. and X.X. Xxxxxx Securities LLC, and all reasonable out-of-pocket expenses required to be paid pursuant to the Engagement Letter, the Credit Agreement or Section 8 hereof, in each case to the extent invoiced prior to the Amendment Effective Date (except as otherwise agreed by JPMorgan Chase Bank, N.A. and X.X. Xxxxxx Securities LLC with respect to fees payable to them), and (ii) an amendment fee, for the account of each Lender that shall have unconditionally and irrevocably delivered to the Administrative Agent (or its counsel) its executed signature page to this Amendment on or prior to 4:00 p.m., New York City time, on July 30, 2015, equal to 0.50% of the aggregate amount of the undrawn Revolving Commitments, Aggregate Revolving Exposure and outstanding Term Loans of each such Lender (determined immediately prior to the Amendment Effective Date).

The Administrative Agent shall notify Holdings, the Borrower and the Lenders of the Amendment Effective Date, and such notice shall be conclusive and binding.

SECTION 5. Reaffirmation of Guarantee and Security. The Borrower and each other Loan Party, by its signature below, hereby (a) agrees that, notwithstanding the effectiveness of this Amendment, the Security Documents continue to be in full force and effect and (b) affirms and confirms its guarantee of the Obligations (after giving effect to this Amendment) and the pledge of and/or grant of a security interest in its assets as Collateral to secure such Obligations (after giving effect to this Amendment), all as provided in the Security Documents as originally executed (and giving effect to this Amendment), and acknowledges and agrees that such guarantee, pledge and/or grant continue in full force and effect in respect of, and to secure, such Obligations under the Credit Agreement (after giving effect to this Amendment) and the other Loan Documents.

SECTION 6. Effect of Amendment. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Issuing Bank or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Amendment shall apply and be effective only with respect to the provisions of the Credit Agreement specifically referred to herein. After the Amendment Effective Date, any reference to the Credit Agreement in any Loan Document, and the terms “this Agreement”, “herein”, “hereunder”, “hereto”, “hereof”, “hereby” and words of similar import in the Credit Agreement, shall, unless the context otherwise requires, mean the Credit Agreement as modified hereby. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. This Amendment shall not extinguish the Obligations for the payment of money outstanding under the Credit Agreement or discharge or release the Lien of any Loan Document or any other security therefor or any guarantee thereof, and the Liens and security interests in favor of the Administrative Agent for the benefit of the Secured Parties securing payment of the Obligations are in all respects continuing and in full force and effect with respect to all Obligations. Except as expressly contemplated hereby, nothing herein contained shall be construed as a substitution, novation, or termination of the Obligations outstanding under the Credit Agreement or instruments guaranteeing or securing the same, which shall remain in full force and effect.

SECTION 7. Acknowledgement and Consent. Each Lender that delivers an executed counterpart of this Amendment hereby consents to this Amendment and the transactions contemplated thereby. From and after the Amendment Effective Date, solely for purposes of determining U.S. withholding Taxes imposed under FATCA, the Administrative Agent and the Borrower agree to treat (and the Lenders hereby authorize the Borrower and the Administrative Agent to treat) the Loans and the Commitments as not qualifying as “grandfathered obligations” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

SECTION 8. Expenses. The Borrower and Holdings agree, jointly and severally, to pay all reasonable and documented out-of-pocket expenses incurred by X.X. Xxxxxx Securities LLC and the Administrative Agent in connection with this Amendment (including the reasonable and documented fees, charges and disbursements of Cravath, Swaine & Xxxxx LLP).

SECTION 9. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Amendment by facsimile transmission, “.pdf” or similar electronic format shall be as effective as delivery of a manually signed counterpart of this Amendment.

SECTION 10. Governing Law; Jurisdiction; Etc. The provisions of Sections 9.09 and 9.10 of the Credit Agreement shall apply to this Amendment, mutatis mutandis.

SECTION 11. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

[Remainder of this page intentionally left blank]

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

SURVEYMONKEY INC., as Borrower

By: /s/ Xxxxxxx Xxxx

Name: Xxxxxxx Xxxx

Title: COO & CFO

SVMK INC., as Holdings

By: /s/ Xxxxxxx Xxxx

Name: Xxxxxxx Xxxx

Title: COO & CFO

INFINITY BOX INC., as a Subsidiary Loan Party

By: /s/ Xxxxxxx Xxxx

Name: Xxxxxxx Xxxx

Title: President & CEO

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

JPMORGAN CHASE BANK, NA., as a Lender

and as Administrative Agent,

By: /s/ Nicolas Gitron-Beer

Name: Nicolas Gitron-Beer

Title: Vice President

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: AGF Floating Rate Income Fund By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Columbia Funds Variable Series Trust II-Variable Portfolio-Xxxxx Xxxxx Floating Rate Income Fund By: Xxxxx Xxxxx Management as Investment Sub^-Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx Bank Loan Fund A Series Trust of Multi Manager Global Investment Trust By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx CDO VIII LTD By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx CDO VII PLC By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx CDO X PLC By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx CLO 2013-1 LTD By: Xxxxx Xxxxx Management as Portfolio Manager

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx Floating Rate Portfolio By: Boston Management and Research as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx Floating-Rate Income Plus Fund By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx Floating-Rate Income Trust By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx Institutional Senior Loan Fund By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx International (Cayman Islands) Floating-Rate Income Portfolio By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx limited Duration Income Fund By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx Senior Floating-Rate Trust By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx Senior Income Trust By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx VT Floating-Rate Income Fund By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: MET Investors Series Trust-Met/Xxxxx Xxxxx Floating Rate Portfolio By: Xxxxx Xxxxx Management as Investment Sub-Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Xxxxx Xxxxx Short Duration Diversified Income Fund By: Xxxxx Xxxxx Management as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Pacific Life Funds PL Floating Rate Loan Fund By: Xxxxx Xxxxx Management as Investment Sub-Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by

		/s/ Xxxxxx Xxxxxxxx
		Name: Xxxxxx Xxxxxxxx
		Title: Assistant Vice President

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Pacific Select Fund-Floating Rate Loan Portfolio By: Xxxxx Xxxxx Management as Investment Sub-Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Senior Debt Portfolio By: Boston Management and Research as Investment Advisor

		by

		/s/ Xxxxxxx X. Xxxxxxx
		Name: Xxxxxxx X. Xxxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Axis Specialty Limited By: Voya Investment Management Co. LLC, as its Investment Manager

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Medtronic Holding Switzerland GMBH By: Voya Investment Management Co. LLC, as its Investment Manager

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: BayernInvest Alternative Loan-Funds By: Voya Investment Management Co. LLC, as its Investment Manager

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: City of New York Group Trust By: Voya Investment Management Co. LLC, as its Investment Manager

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: IBM Personal Pension Plan Trust By: Voya Investment Management Co. LLC, as its Investment Manager

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: ING (L) Flex - Senior Loans By: Voya Investment Management Co. LLC, as its Investment Manager

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: ING (L) Flex - Senior Loans Select Voya Investment Management Co. LLC, as its Investment Manager

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: ING High Income Floating Rate Fund By: Voya Investment Management Co. LLC, as its investment advisor

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: ISL Loan Trust By: Voya Investment Management Co. LLC, as its investment advisor

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: ISL Loan Trust II By: Voya Investment Management Co. LLC, as its investment advisor

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: NEW MEXICO STATE INVESTMENT COUNCIL By: Voya Investment Management Co. LLC, as its investment manager

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Voya CLO V, Ltd. By: Voya Investment Management Co. LLC, as its investment manager

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Voya Floating Rate Fund By: Voya Investment Management Co. LLC, as its investment manager

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Voya Investment Trust Co. Plan for Common Trust Funds - Voya Senior Loan Common Trust Fund By: Voya Investment Trust Co. as its trustee

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Voya Investment Trust Co. Plan for Employee Benefit Investment Funds - Voya Senior Loan Trust Fund By: Voya Investment Management Co. LLC, as its trustee

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President
For any Lender that requires a second signature line:
		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Voya Prime Rate Trust By: Voya Investment Management Co. LLC, as its investment manager

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Voya Senior Income Fund By: Voya Investment Management Co. LLC, as its investment manager

		by

		/s/ Xxxxx Xxxxxx
		Name: Xxxxx Xxxxxx
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Octagon Investment Partners XII, Ltd. By: Octagon Credit Investors, LLC as Collateral Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: G.A.S. (Cayman) Limited, as Trustee on behalf of Octagon Joint Credit Trust Series I (and not in its individual capacity) By: Octagon Credit Investors, LLC as Portfolio Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Hamlet II, Ltd. By: Octagon Credit Investors, LLC as Portfolio Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Octagon Delaware Trust 2011 By: Octagon Credit Investors, LLC as Portfolio Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Octagon Investment Partners X, Ltd. By: Octagon Credit Investors, LLC as Collateral Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Octagon Investment Partners XI, Ltd. By: Octagon Credit Investors, LLC as Collateral Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Octagon Investment Partners XIV, Ltd. By: Octagon Credit Investors, LLC as Collateral Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Octagon Investment Partners XIX, Ltd. By: Octagon Credit Investors, LLC as Collateral Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Octagon Investment Partners XV, Ltd. By: Octagon Credit Investors, LLC as Collateral Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Octagon Investment Partners XVI, Ltd. By: Octagon Credit Investors, LLC as Collateral Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Octagon Investment Partners XVII, Ltd. By: Octagon Credit Investors, LLC as Collateral Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Octagon Investment Partners XXI, Ltd. By: Octagon Credit Investors, LLC as Portfolio Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Octagon Investment Partners XXII, Ltd. By: Octagon Credit Investors, LLC as Collateral Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Octagon Loan Funding, Ltd. By: Octagon Credit Investors, LLC as Collateral Manager

		by

		/s/ Xxxxxxxx X. Xxxxxx
		Name: Xxxxxxxx X. Xxxxxx
		Title: Managing Director of Portfolio Administration

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Suntrust Bank

		by

		/s/ Xxxxxxx Xxxxx
		Name: Shannon Offen
		Title: Director

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Oppenheimer Senior Floating Rate Fund

		by

		/s/ Janet Harrison
		Name: Janet Harrison
		Title: Manager

		Brown Brothers Harriman & Co. acting as agent for Oppenheimer Funds, Inc.

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Adirondack Park CLO Ltd. By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

		by

		/s/ Thomas Iannarone
		Name: Thomas Iannarone
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Blackstone / GSO Long-Short Credit Income Fund By: GSO / Blackstone Debt Funds Management LLC as Investment Advisor
		by

		/s/ Thomas Iannarone
		Name: Thomas Iannarone
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Blackstone / GSO Senior Floating Rate Term Fund By: GSO / Blackstone Debt Funds Management LLC as Investment Advisor

		by

		/s/ Thomas Iannarone
		Name: Thomas Iannarone
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Blackstone / GSO Senior Loan Portfolio By: GSO / Blackstone Debt Funds Management LLC as Sub-Adviser
		by

		/s/ Thomas Iannarone
		Name: Thomas Iannarone
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Blackstone / GSO Strategic Credit Fund By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

		by

		/s/ Thomas Iannarone
		Name: Thomas Iannarone
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Finn Square CLO, Ltd. By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

		by

		/s/ Thomas Iannarone
		Name: Thomas Iannarone
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Gramercy Park CLO Ltd. By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager
		by

		/s/ Thomas Iannarone
		Name: Thomas Iannarone
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Marine Park CLO Ltd. BY: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

		by

		/s/ Thomas Iannarone
		Name: Thomas Iannarone
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Sheridan Square CLO, Ltd. By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

		by

		/s/ Thomas Iannarone
		Name: Thomas Iannarone
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Tryon Park CLO Ltd. BY: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

		by

		/s/ Thomas Iannarone
		Name: Thomas Iannarone
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Deutsche Floating Rate Fund BY: Deutsche Investment Management Americas Inc. Investment Advisor

		by

		/s/ Paula Penkal
		Name: Paula Penkal
		Title: Director

For any Lender that requires a second signature line:

		by

		/s/ Eric Meyer
		Name: Eric Meyer
		Title: Portfolio Manager

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Deutsche Short Duration Fund By: Deutsche Investment Management Americas Inc. Investment Advisor

		by

		/s/ Paula Penkal
		Name: Paula Penkal
		Title: Director

For any Lender that requires a second signature line:

		by

		/s/ Eric Meyer
		Name: Eric Meyer
		Title: Portfolio Manager

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Deutsche Ultra-Short Duration Fund BY: Deutsche Investment Management Americas Inc. Investment Advisor

		by

		/s/ Paula Penkal
		Name: Paula Penkal
		Title: Director

For any Lender that requires a second signature line:

		by

		/s/ Eric Meyer
		Name: Eric Meyer
		Title: Portfolio Manager

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Flagship CLO VIII Ltd BY: Deutsche Investment Management Americas Inc., As Interim Investment Manager

		by

		/s/ Paula Penkal
		Name: Paula Penkal
		Title: Director

For any Lender that requires a second signature line:

		by

		/s/ Eric Meyer
		Name: Eric Meyer
		Title: Portfolio Manager

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Mt. Whitney Securities Inc. BY: Deutsche Investment Management Americas Inc. As Manager

		by

		/s/ Paula Penkal
		Name: Paula Penkal
		Title: Director

For any Lender that requires a second signature line:

		by

		/s/ Eric Meyer
		Name: Eric Meyer
		Title: Portfolio Manager

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender:

		by

		/s/ Kenneth E. Jones
		Name: Kenneth E. Jones
		Title: SVP

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: ACE American Insurance Company BY: T. Rowe Price Associates, Inc. as investment advisor

		by

		/s/ Brian Burns
		Name: Brian Burns
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: T. Rowe Price Floating Rate Fund, Inc.

		by

		/s/ Brian Burns
		Name: Brian Burns
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: T. Rowe Price Floating Rate Multi-Sector Account Portfolio

		by

		/s/ Brian Burns
		Name: Brian Burns
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: T. Rowe Price Institutional Floating Rate Fund

		by

		/s/ Brian Burns
		Name: Brian Burns
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: AIB Debt Management, Limited

		by

		/s/ Joseph Augustini
		Name: Joseph Augustini
		Title: Senior Vice President Investment Advisor to AIB Debt Management, Limited

For any Lender that requires a second signature line:

		by

		/s/ Edwin Holmes
		Name: Edwin Holmes
		Title: Vice President Investment Advisor to MB Debt Management, Limited

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: BlueMountain CLO 2012-1 Ltd BY: BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC, Its Collateral Manager

		by

		/s/ Meghan Fornshell
		Name: Meghan Fornshell
		Title: Operations Analyst

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: BlueMountain CLO 2012-2 Ltd BY: BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC, Its Collateral Manager

		by

		/s/ Meghan Fornshell
		Name: Meghan Fornshell
		Title: Operations Analyst

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Bluemountain CLO 2013-1 LTD. BY: BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC. ITS COLLATERAL MANAGER

		by

		/s/ Meghan Fornshell
		Name: Meghan Fornshell
		Title: Operations Analyst

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: BlueMountain CLO 2014-1 Ltd

		by

		/s/ Meghan Fornshell
		Name: Meghan Fornshell
		Title: Operations Analyst

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: GOLDMAN SACHS BANK USA

		by

		/s/ Jamie Minieri
		Name: Jamie Minieri
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: LCM V, Ltd. By: LCM Asset Management LLC As Collateral Manager

		by

		/s/ Sophie A. Venon
		Name: Sophie A. Venon
		Title: LCM Asset Management LLC

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: LCM VI, Ltd. By: LCM Asset Management LLC As Collateral Manager

		by

		/s/ Sophie A. Venon
		Name: Sophie A. Venon
		Title: LCM Asset Management LLC

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: LCM XIII Limited Partnership By: LCM Asset Management LLC As Collateral Manager

		by

		/s/ Sophie A. Venon
		Name: Sophie A. Venon
		Title: LCM Asset Management LLC

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: LCM XIV Limited Partnership By: LCM Asset Management LLC As Collateral Manager

		by

		/s/ Sophie A. Venon
		Name: Sophie A. Venon
		Title: LCM Asset Management LLC

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: LCM XV Limited Partnership By: LCM Asset Management LLC As Collateral Manager

		by

		/s/ Sophie A. Venon
		Name: Sophie A. Venon
		Title: LCM Asset Management LLC

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: LCM XVI Limited Partnership By: LCM Asset Management LLC As Collateral Manager

		by

		/s/ Sophie A. Venon
		Name: Sophie A. Venon
		Title: LCM Asset Management LLC

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Cedar Creek CLO, Ltd.,

		by

		/s/ Rich Matas
		Name: Rich Matas
		Title: Authorized Signor
For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Bankers Life and Casualty Company

		by

		/s/ Rich Matas
		Name: Rich Matas
		Title: Authorized Signor
For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Benefit Street Partners CLO I, Ltd.

		by

		/s/ Todd Marsh
		Name: Todd Marsh
		Title: Authorized Signer
For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: Benefit Street Partners CLO II, Ltd.

		by

		/s/ Todd Marsh
		Name: Todd Marsh
		Title: Authorized Signer
For any Lender that requires a second signature line:

		by


		Name:
		Title:

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 2 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.


Name of Lender: WhiteHorse VII, Ltd.

		By: H.I.G. WhiteHorse Capital, LLC As: Collateral Manager

		by

		/s/ Jay Carvell
		Name: Jay Carvell
		Title: Authorized Officer

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]


Name of Lender: Webster Bank, N.A.

		by

		/s/ Carol A. Pirek
		Name: Carol A. Pirek
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: CAVALRY CLO IV, LTD.

		by

		/s/ Robert Gianni
		Name: Robert Gianni
		Title: Authorized Signatory


Name of Lender: CAVALRY CLO V, LTD.

		By: Regiment Capital Management, LLC,
		Its: Investment Adviser

		by

		/s/ Robert Gianni
		Name: Robert Gianni
		Title: Authorized Signatory


Name of Lender: CAVALRY CLO II

		By: Regiment Capital Management, LLC,
		Its: Investment Adviser

		by

		/s/ Robert Gianni
		Name: Robert Gianni
		Title: Authorized Signatory


Name of Lender: OFSI Fund V, Ltd.

		By: OFS Capital Management LLC
		Its: Collateral Manager

		by

		/s/ Ken A. Brown
		Name: KEN A. BROWN
		Title: MANAGING DIRECTOR


Name of Lender: OFS Capital Management LLC

		By: OFS Capital Management LLC
		Its: Collateral Manager

		by

		/s/ Ken A. Brown
		Name: KEN A. BROWN
		Title: MANAGING DIRECTOR


Name of Lender: GoldenTree Loan Opportunities VII, Ltd

		BY: GoldenTree Asset Management, L.P.

		by

		/s/ Karen Weber
		Name: Karen Weber
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: Marathon CLO V Ltd.

		by

		/s/ Louis Hanover
		Name: Louis Hanover
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: Gallatin CLO IV 2012-1, Ltd As Assignee By: MP Senior Credit Partners As its Collateral Manager

		by

		/s/ Nall Rosensweig
		Name: Nall Rosensweig
		Title: President

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: Gallatin CLO V 2013-1, Ltd^. As Assignee By: MP Senior Credit Partners As its Collateral Manager

		by

		/s/ Nall Rosensweig
		Name: Nall Rosensweig
		Title: President

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: LOOMIS SAYLES CREDIT OPPORTUNITIES FUND. As Lender

		By: Loomis, Sayles & Company. L.P., the Investment Manager of the Fund

		By: Loomis, Sayles & Company. L.P., Incorporated, the General Partner of Loomis Sayles & Company, L.P.

		by

		/s/ Mary McCarthy
		Name: Mary McCarthy
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: LOOMIS SAYLES SENIOR FLOATING FUND. As Lender

		By: Loomis, Sayles & Company. L.P., Its Investment Manager

		By: Loomis, Sayles & Company. L.P., Incorporated, Its General Partner

		by

		/s/ Mary McCarthy
		Name: Mary McCarthy
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: NATIXIS LOOMIS SAYLES SENIOR LOAN FUND, As Lender

		By: Loomis, Sayles & Company. L.P., Its Investment Manager

		By: Loomis, Sayles & Company. L.P., Incorporated, Its General Partner

by

		/s/ Mary McCarthy
		Name: Mary McCarthy
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: NHIT: SENIOR FLOATING RATE AND FIXED INCOME TRUST, As Lander

		By: Loomis, Sayles Trust Company. LLC As Trustee

		by

		/s/ Mary McCarthy
		Name: Mary McCarthy
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: THE LOOMIS SAYLES SENIOR LOAN FUND, LLC, As Lender

		By: Loomis, Sayles & Company, L.P.,
		Its Managing Member

		By: Loomis, Sayles & Company, Incorporated
		Its Managing Member

		by

		/s/ Mary McCarthy
		Name: Mary McCarthy
		Title: Vice President

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: Sound Point CLO II, Ltd BY: Sound Point Capital Management, LP as Collateral Manager

		by

		/s/ Dwayne Weston
		Name: Dwayne Weston
		Title: CLO Operations Manager

For any Lender that requires a second signature line:

		by
		Name:
		Title:


Name of Lender: TRALEE CLO II, LTD

		By: Par-Four Investment Management, LLC
		As Collateral Manager

		by

		/s/ Dennis Gorczyca
		Name: Dennis Gorczyca
		Title: Managing Director

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: JNUPPM America Floating Rate income Fund, a series of the JNL Series Trust

		By: PPM America, Inc., as sub-adviser

		by

		/s/ David C. Wagner
		Name: David C. Wagner
		Title: Managing Director

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: JNUPPM America Floating Rate income Fund, a series of the JNL Series Trust

		By: PPM America, Inc., as sub-adviser

		by

		/s/ David C. Wagner
		Name: David C. Wagner
		Title: Managing Director

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: ILLINOIS STATE BOARD OF INVESTMENT BY: THL Credit Senior Loan Strategies LLC, as Investment Manager

		by

		/s/ Kathleen Zarn
		Name: Kathleen Zarn
		Title: Managing Director

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: THL Credit Wind River 2012-1 CLO Ltd. BY: THL Credit Senior Loan Strategies LLC, as Investment Manager

		by

		/s/ Kathleen Zarn
		Name: Kathleen Zarn
		Title: Managing Director

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: CANARAS SUMMIT CLO LTD. By: Canaras Capital Management, LLC As Sub-Investment Adviser

		by

		/s/ Andrew Heller
		Name: Andrew Heller
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: Saranac CLO I Limited By: Canaras Capital Management, LLC As Sub-Investment Adviser

		by

		/s/ Andrew Heller
		Name: Andrew Heller
		Title: Authorized Signatory

For any Lender that requires a second signature line:

		by


		Name:
		Title:


Name of Lender: Crown Point CLO Ltd.

		by

		/s/ John D’Angelo
		Name: John D’Angelo
		Title: Sr. Portfolio Manager

For any Lender that requires a second signature line:

		by


		Name:
		Title:

EXECUTION COPY

AMENDMENT NO. 3 TO THE CREDIT AGREEMENT

AMENDMENT NO. 3 dated as of August 13, 2015 (this “Amendment”) to the CREDIT AGREEMENT dated as of February 7, 2013 (as amended by that certain Amendment No. 1 to the Credit Agreement dated as of May 22, 2014, and that certain Amendment No. 2 to the Credit Agreement dated as of July 30, 2015, the “Credit Agreement”), among SurveyMonkey Inc., a Delaware corporation formerly known as XxxxxxXxxxxx.xxx LLC (the “Borrower”), SVMK Inc., a Delaware corporation formerly known as SurveyMonkey Inc. (“Holdings”), each lender party thereto on the date hereof, and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

C. The Borrower and Holdings have requested that the Credit Agreement be amended to effect the modifications set forth herein.

SECTION 1. Defined Terms. Capitalized terms used but not defined herein (including in the recitals hereto) shall have the meanings given to them in the Credit Agreement, as amended hereby.

SECTION 2. Amendments to the Credit Agreement. Subject to the terms and conditions hereof, on the Amendment Effective Date the Credit Agreement is hereby amended as follows:

(a) Section 2.05(b) of the Credit Agreement is amended by deleting clause (i) thereof and replacing it with the following:

“(i) the LC Exposure will not exceed $20,000,000 and”.

(b) Section 2.05(c) of the Credit Agreement is amended by deleting the second proviso of the first sentence thereof and replacing it with the following:

“and provided further that if there exist any Incremental Revolving Commitments having a maturity date later than the Revolving Maturity Date (the

“Subsequent Maturity Date”), then, so long as the aggregate LC Exposure in respect of Letters of Credit expiring after the Revolving Maturity will not exceed the lesser of $20,000,000 and the aggregate amount of such Incremental Revolving Commitments, the Borrower may request the issuance of a Letter of Credit that shall expire at or prior to the close of business on the earlier of (A) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (B) the date that is five Business Days prior to the Subsequent Maturity Date”.

SECTION 4. Amendment Effectiveness. The effectiveness of the amendments to the Credit Agreement contemplated hereby shall be subject to the the Administrative Agent having received (i) counterparts of this Amendment that, when taken together, bear the signatures of (A) Holdings, the Borrower and each Subsidiary Loan Party, (B) the Administrative Agent, (C) the Issuing Bank and (D) the Majority in Interest of the Revolving Lenders (the first Business Day on which such condition is so satisfied, the “Amendment Effective Date”). The Administrative Agent shall notify Holdings, the Borrower and the Lenders of the Amendment Effective Date, and such notice shall be conclusive and binding.

SECTION 7. Acknowledgement and Consent. Each Lender that delivers an executed counterpart of this Amendment hereby consents to this Amendment and the transactions contemplated thereby.

SECTION 8. Expenses. The Borrower and Holdings agree, jointly and severally, to pay all reasonable and documented out-of-pocket expenses incurred by J.P. Morgan Securities LLC and the Administrative Agent in connection with this Amendment (including the reasonable and documented fees, charges and disbursements of Cravath, Swaine & Moore LLP).

SECTION 10. Governing Law; Jurisdiction; Etc. The provisions of Sections 9.09 and 9.10 of the Credit Agreement shall apply to this Amendment, mutatis mutandis.

SECTION 11. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

[Remainder of this page intentionally left blank]

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


SURVEYMONKEY INC., as Borrower

By:		/s/ Tim Maly
Name:		Tim Maly
Title:		COO/CFO

SVMK INC., as Holdings

By:		/s/ Tim Maly
Name:		Tim Maly
Title:		COO/CFO

INFINITY BOX INC., as a Subsidiary Loan Party

By:		/s/ Tim Maly
Name:		Tim Maly
Title:		President & CEO

[SIGNATURE PAGE TO AMENDMENT NO.3 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]


JPMORGAN CHASE BANK, N.A., as a Revolving Lender and Issuing Bank and as Administrative Agent,

By:		/s/ Nicolas Gitron-Beer
Name:		Nicolas Gitron-Beer
Title:		Vice President

[SIGNATURE PAGE TO AMENDMENT NO.3 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

SIGNATURE PAGE TO

AMENDMENT NO. 3 TO THE CREDIT AGREEMENT

OF SURVEYMONKEY INC.

Name of Revolving Lender: SunTrust Bank


by		/s/ Shannon Offen
Name:		Shannon Offen
Title:		Director

For any Revolving Lender that requires a second signature line:


by
Name:
Title:

[SIGNATURE PAGE TO AMENDMENT NO.3 TO THE SURVEYMONKEY INC. CREDIT AGREEMENT]

EXECUTION VERSION

LOAN MODIFICATION AGREEMENT dated as of January 18, 2017 (this “Loan Modification Agreement”), to the CREDIT AGREEMENT dated as of February 7, 2013 (as amended by Amendment No. 1 to the Credit Agreement dated as of May 22, 2014, Amendment No. 2 to the Credit Agreement dated as of July 30, 2015, Amendment No. 3 to the Credit Agreement dated as of August 13, 2015, and as otherwise amended, supplemented or modified prior to the date hereof, the “Credit Agreement”), among SURVEYMONKEY INC., a Delaware corporation formerly known as XxxxxxXxxxxx.xxx LLC (the “Borrower”), SVMK INC., a Delaware corporation formerly known as SurveyMonkey Inc. (“Holdings”), the lenders from time to time party thereto and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the “Agent”).

A. Pursuant to Section 2.22 of the Credit Agreement, the Borrower has made a Loan Modification Offer (the “Loan Modification Offer”) to each Revolving Lender to make certain Permitted Amendments with respect to their Revolving Commitments.

B. Each of the Revolving Lenders is willing to accept such Loan Modification Offer and agree to such Permitted Amendments with respect to its respective Revolving Commitment, on the terms and subject to the conditions set forth herein and in the Credit Agreement.

SECTION 1. Defined Terms. Capitalized terms used but not defined herein (including in the recitals hereto) shall have the meanings given to them in the Credit Agreement. The rules of interpretation set forth in Section 1.03 of the Credit Agreement are hereby incorporated by reference herein, mutatis mutandis.

SECTION 2. Loan Modifications. Subject to satisfaction of the conditions set forth in Section 2 hereof, effective upon the Loan Modification Effective Date (as defined below), the Borrower, Holdings and the Revolving Lenders agree that the Revolving Maturity Date with respect to the Revolving Commitments shall be extended from February 7, 2018, to November 8, 2018.

SECTION 3. Undertakings. The Borrower and Holdings hereby agree with the Revolving Lenders that in the event any real property is required to become subject to a Mortgage, notwithstanding the provisions of Section 5.08 of the Credit Agreement, the applicable Loan Party shall deliver to the Administrative Agent on behalf of the Lenders all applicable life of loan flood zone determinations and evidence of flood insurance required by the Credit Agreement 14 days prior to executing such Mortgage.

SECTION 4. Conditions Precedent to Effectiveness. The effectiveness of this Loan Modification Agreement shall be subject to the satisfaction or waiver by the Revolving Lenders of the following conditions precedent (the date on which such conditions precedent are so satisfied or waived, the “Loan Modification Effective Date”):

(a) the Agent shall have received counterparts of this Loan Modification Agreement that, when taken together, bear the signatures of (i) Holdings, the Borrower and each of the Subsidiary Loan Parties, (ii) the Agent and (iii) each of the Revolving Lenders;

(b) the Agent shall have received a certificate, dated the Loan Modification Effective Date and signed by the chief executive officer or the chief financial officer of each of Holdings and the Borrower, confirming that the representations and warranties set forth in Section 5 below are true and correct on and as of the Loan Modification Effective Date;

(c) the Agent shall have received such legal opinions, board resolutions, secretary’s certificates, officer’s certificates and other documents, in each case with respect to the Loan Parties, as shall have been reasonably requested; and

(d) the Agent shall have received from the Borrower payment in immediately available funds of (i) all fees and other amounts required to be paid on the Loan Modification Effective Date pursuant to the Engagement Letter dated as of December 14, 2016 (the “Engagement Letter”), between the Borrower and JPMorgan Chase Bank, N.A., (ii) all reasonable out-of-pocket expenses required to be paid pursuant to the Engagement Letter or Section 9 hereof, in each case, to the extent invoiced at least one Business Day prior to the Loan Modification Effective Date and (iii) an upfront fee, for the account of each Revolving Lender party hereto, in an amount equal to 0.175% of the aggregate amount of each such Revolving Lender’s Revolving Commitment (whether used and unused) under the Credit Agreement as of the Loan Modification Effective Date.

The Agent shall notify Holdings, the Borrower and the Revolving Lenders of the Loan Modification Effective Date, and such notice shall be conclusive and binding.

SECTION 5. Representations and Warranties. To induce the other parties hereto to enter into this Loan Modification Agreement, Holdings and the Borrower represent and warrant to each of the Revolving Lenders and the Agent that (a) this Loan Modification Agreement has been duly authorized, executed and delivered by Holdings, the Borrower and each Subsidiary Loan Party, and this Loan Modification Agreement constitutes a legal, valid and binding obligation of each such party, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally and to general principles of equity, (b) after giving effect to this Loan Modification Agreement, the representations and warranties of the Borrower and each Loan Party set forth in Article III of the Credit Agreement and in each other Loan Document are true and correct in all material respects, in each case on and as of the Loan Modification Effective Date, except to the extent that such representations and warranties relate to an earlier date, in which case they were true and correct in all material respects on and as of such earlier date and (c) as of the Loan Modification Effective Date, after giving effect to this Loan Modification Agreement, no Default or Event of Default has occurred and is continuing or would reasonably be expected to result from the transactions contemplated hereby.

SECTION 6. Reaffirmation of Guarantee and Security. The Borrower and each other Loan Party, by its signature below, hereby (a) agrees that, notwithstanding the effectiveness of this Loan Modification Agreement, the Security Documents continue to be in full force and effect and (b) affirms and confirms its guarantee of the Obligations (after giving effect to this Loan Modification Agreement) and the pledge of and/or grant of a security interest in its assets as Collateral to secure such Obligations (after giving effect to this Loan Modification Agreement), all as provided in the Security Documents as originally executed (and giving effect to this Loan

Modification Agreement), and acknowledges and agrees that such guarantee, pledge and/or grant continue in full force and effect in respect of, and to secure, such Obligations under the Credit Agreement (after giving effect to this Loan Modification Agreement) and the other Loan Documents.

SECTION 7. Effect of Loan Modification Agreement. Except as expressly set forth herein, this Loan Modification Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Issuing Bank or the Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Loan Modification Agreement shall apply and be effective only with respect to the provisions of the Credit Agreement specifically referred to herein. After the Loan Modification Effective Date, any reference to the Credit Agreement in any Loan Document, and the terms “this Agreement”, “herein”, “hereunder”, “hereto”, “hereof”, “hereby” and words of similar import in the Credit Agreement, shall, unless the context otherwise requires, mean the Credit Agreement as modified hereby. This Loan Modification Agreement shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. This Loan Modification Agreement shall not extinguish the Obligations for the payment of money outstanding under the Credit Agreement or discharge or release the Lien of any Loan Document or any other security therefor or any guarantee thereof, and the Liens and security interests in favor of the Agent for the benefit of the Secured Parties securing payment of the Obligations are in all respects continuing and in full force and effect with respect to all Obligations. Except as expressly contemplated hereby, nothing herein contained shall be construed as a substitution, novation, or termination of the Obligations outstanding under the Credit Agreement or instruments guaranteeing or securing the same, which shall remain in full force and effect. Each of the parties hereto hereby agrees that execution and delivery of this Loan Modification Agreement by the Borrower shall constitute notice of the Loan Modification Offer as contemplated by Section 2.22 of the Credit Agreement.

SECTION 8. Acknowledgement and Consent. Each Lender that delivers an executed counterpart of this Loan Modification Agreement hereby consents to this Loan Modification Agreement and the transactions contemplated thereby.

SECTION 9. Expenses. The Borrower and Holdings agree, jointly and severally, to pay all reasonable and documented out-of-pocket expenses incurred by the Agent in connection with this Loan Modification Agreement (including the reasonable and documented fees, charges and disbursements of Cravath, Swaine & Moore LLP).

SECTION 10. Counterparts. This Loan Modification Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall be deemed an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Loan Modification Agreement by facsimile transmission, “.pdf” or similar electronic format shall be as effective as delivery of a manually signed counterpart of this Loan Modification Agreement.

SECTION 11. Governing Law; Jurisdiction; WAIVER OF JURY TRIAL; Etc. The provisions of Sections 9.09 (Governing Law; Jurisdiction; Consent to Service of Process) and 9.10 (WAIVER OF JURY TRIAL) of the Credit Agreement shall apply to this Loan Modification Agreement, mutatis mutandis.

SECTION 12. Headings. The headings of this Loan Modification Agreement are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

[Remainder of page intentionally left blank]

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


SURVEYMONKEY INC., as Borrower

	By	/s/ Timothy Maly
	Name:	Timothy Maly
	Title:	Chief Financial Officer and Chief Operating Officer

SVMK INC., as Holdings

	By	/s/ Timothy Maly
	Name:	Timothy Maly
	Title:	Chief Financial Officer and Chief Operating Officer

INFINITY BOX INC., as a Subsidiary Loan Party

	By	/s/ Timothy Maly
	Name:	Timothy Maly
	Title:	President and Chief Executive Officer


	SIGNATURE PAGE TO LOAN MODIFICATION AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, TO THE SURVEYMONKEY INC. CREDIT AGREEMENT

JPMORGAN CHASE BANK, N.A., as a Revolving Lender and as Agent,

	By	/s/ Nicolas Gitron-Beer
	Name:	Nicolas Gitron-Beer
	Title:	Vice President


	SIGNATURE PAGE TO LOAN MODIFICATION AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, TO THE SURVEYMONKEY INC. CREDIT AGREEMENT

BANK OF AMERICA, N.A., as a Revolving Lender,

	By	/s/ Karina Skuggedal
	Name:	Karina Skuggedal
	Title:	Vice President

For any Revolving Lender that requires a second signature line:

	By
	Name:
	Title:


	SIGNATURE PAGE TO LOAN MODIFICATION AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, TO THE SURVEYMONKEY INC. CREDIT AGREEMENT

GOLDMAN SACHS BANK USA, as a Revolving Lender,

	By	/s/ Josh Rosenthal
	Name:	Josh Rosenthal
	Title:	Authorized Signatory


	SIGNATURE PAGE TO LOAN MODIFICATION AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, TO THE SURVEYMONKEY INC. CREDIT AGREEMENT

SUNTRUST BANK, as a Revolving Lender,

	By	/s/ Marshall T. Mangum, III
	Name:	Marshall T. Mangum, III
	Title:	Director

Document Metadata

Table of Contents

CREDIT AGREEMENT dated as of February 7, 2013, among SURVEYMONKEY.COM, LLC, as Borrower SURVEYMONKEY INC., The LENDERS Party Hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, and GOLDMAN...

Document Metadata