Common use of Payments Generally; Pro Rata Treatment Clause in Contracts

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.19. Mitigation Obligations; Replacement of Lenders 63 Section 2.20. Incremental Term Loans 67 ARTICLE III Representations and Warranties 69 Section 3.01. Organization; Powers 69 Section 3.02. Authorization 69 Section 3.03. Enforceability 70 Section 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. No Material Adverse Change or Material Adverse Effect 71 Section 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.19. 37 SECTION 2.17 Mitigation Obligations; Replacement of Lenders 63 Section 2.20. Incremental Term Loans 67 39 ARTICLE III Representations and Warranties 69 Section 3.01. 41 SECTION 3.1 Organization; Powers 69 Section 3.02. Authorization 69 Section 3.03. 41 SECTION 3.2 Authorization; Enforceability 70 Section 3.04. 41 SECTION 3.3 Governmental Approvals 70 Section 3.05. Approvals; No Conflicts 41 SECTION 3.4 Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 Section 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; 42 SECTION 3.5 Properties 42 SECTION 3.6 Litigation and Environmental Matters 42 SECTION 3.7 Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11. and Agreements 43 SECTION 3.8 Investment and Holding Company Act 72 Section 3.12. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. Status 43 SECTION 3.9 Taxes 43 SECTION 3.10 ERISA 43 SECTION 3.11 Disclosure 44 SECTION 3.12 Margin Stock 44 SECTION 3.13 No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Burdensome Restrictions 44 SECTION 3.14 Subsidiaries 44 SECTION 3.15 Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 44 ARTICLE IV Conditions of Lending 77 Section 4.01. All 45 SECTION 4.1 Effective Date 45 SECTION 4.2 Each Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 Event 46 ARTICLE V Affirmative Covenants 81 Section 5.01. 48 SECTION 5.1 Financial Statements and Other Information 48 SECTION 5.2 Notices of Material Events 49 SECTION 5.3 Existence; Businesses Conduct of Business 50 SECTION 5.4 Payment of Obligations 50 SECTION 5.5 Maintenance of Properties; Insurance 50 SECTION 5.6 Books and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Records; Inspection Rights 50 SECTION 5.7 Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Material Contractual Obligations 50 SECTION 5.8 Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 51 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. 52 SECTION 6.1 Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. 52 SECTION 6.2 Fundamental Changes 53 SECTION 6.3 Investments, Loans Loans, Advances, Guarantees and Advances 96 Section 6.05. Mergers, Consolidations, Acquisitions; Hedging Agreements 53 SECTION 6.4 Transactions with Affiliates 55 SECTION 6.5 Restrictive Agreements 55 SECTION 6.6 Fixed Charges Coverage 56 SECTION 6.7 Ratio of Consolidated Debt to Consolidated Total Capitalization 56 SECTION 6.8 Limitation on Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business 56 ARTICLE VII Events of the Borrower and the Subsidiaries 104Default 58

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.1943 SECTION 2.13. Mitigation Obligations; Replacement of Lenders 63 Section 2.2045 SECTION 2.14. Incremental Term Loans 67 Defaulting Lenders 46 SECTION 2.15. Absence of Rating 47 ARTICLE III Representations and Warranties 69 Section 47 GUARANTEE 47 SECTION 3.01. The Guarantee 47 SECTION 3.02. Obligations Unconditional 47 SECTION 3.03. Reinstatement 48 SECTION 3.04. Subrogation 49 SECTION 3.05. Remedies 49 SECTION 3.06. Continuing Guarantee 49 SECTION 3.07. Rights of Contribution 49 SECTION 3.08. General Limitation on Guarantee Obligations 50 ARTICLE IV 50 REPRESENTATIONS AND WARRANTIES 50 SECTION 4.01. Organization; Powers 69 Section 3.0250 SECTION 4.02. Authorization 69 Section 3.03. Authorization; Enforceability 70 Section 3.0450 SECTION 4.03. Governmental Approvals 70 Section 3.05Approvals; No Conflicts 51 SECTION 4.04. Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 Section 3.0751 SECTION 4.05. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.0551 SECTION 4.06. Litigation and Other Notices. 86 Section 5.06Environmental Matters 52 SECTION 4.07. Compliance with Laws 86 Section 5.07and Agreements 52 SECTION 4.08. Maintaining Records; Access to Properties and Inspections 86 Section 5.08Investment Company Status 52 SECTION 4.09. Taxes 52 SECTION 4.10. ERISA 52 SECTION 4.11. Disclosure 53 SECTION 4.12. Use of Proceeds 87 Section 5.09Credit 53 SECTION 4.13. Compliance with Environmental Laws 87 Section 5.10Subsidiaries 53 SECTION 4.14. Further Assurances; Additional Mortgages 87 Section 5.11Withholding Taxes 54 SECTION 4.15. Fiscal Year; Accounting 89 Section 5.12Stamp Taxes 54 SECTION 4.16. Legal Form 54 ARTICLE V 54 CONDITIONS 54 SECTION 5.01. Effective Date 54 SECTION 5.02. Each Credit Event 55 ARTICLE VI 56 AFFIRMATIVE COVENANTS 56 SECTION 6.01. Financial Statements and Other Information 56 SECTION 6.02. Notices of Material Events 59 SECTION 6.03. Preservation of Existence and Franchises 59 SECTION 6.04. Insurance 60 SECTION 6.05. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104Properties 60

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.19. 2.16 Mitigation Obligations; Replacement of Lenders 63 Section 2.20. Incremental Term Loans 67 22 ARTICLE III Representations and Warranties 69 23 Section 3.01. 3.01 Organization; Powers 69 23 Section 3.02. Authorization 69 3.02 Authorization; Enforceability 23 Section 3.03. Enforceability 70 3.03 Governmental Approvals; No Conflicts 23 Section 3.04. Governmental Approvals 70 Section 3.05. 3.04 Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 23 Section 3.07. Title to Properties; Possession Under Leases 71 3.05 Properties 23 Section 3.08. Subsidiaries 71 3.06 Litigation and Environmental Matters 24 Section 3.09. Litigation; 3.07 Compliance with Laws 72 and Agreements 24 Section 3.10. 3.08 Investment and Holding Company Status 24 Section 3.09 Taxes 24 Section 3.10 ERISA 24 Section 3.11 Disclosure 25 Section 3.12 Federal Reserve Regulations 72 25 Section 3.11. Investment Company Act 72 3.13 Purpose of Loans 25 Section 3.12. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 3.14 Subsidiaries and Significant Subsidiaries 25 ARTICLE IV Conditions of Lending 77 25 Section 4.01. All 4.01 Closing Conditions 25 Section 4.03 Each Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 Event 26 i ARTICLE V Affirmative Covenants 81 27 Section 5.01. 5.01 Financial Statements and Other Information 27 Section 5.02 Notices of Material Events 28 Section 5.03 Existence; Businesses Conduct of Business 28 Section 5.04 Payment of Obligations 28 Section 5.05 Maintenance of Properties; Insurance 28 Section 5.06 Books and Properties 81 Records; Inspection Rights 29 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. 5.07 Compliance with Laws 86 29 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. 5.08 Use of Proceeds 87 29 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. 5.09 Maintenance of Ratings 89 Accreditation, Etc. 29 Section 5.10 Additional Subsidiary Guarantors 29 ARTICLE VI Negative Covenants 89 29 Section 6.01. 6.01 Consolidated Tangible Net Worth 29 Section 6.02 Indebtedness 89 29 Section 6.02. 6.03 Liens 93 30 Section 6.03. Sale and Lease-Back Transactions 96 6.04 Fundamental Changes 30 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. 6.05 Transactions with Affiliates 102 31 Section 6.08. 6.06 Restrictive Agreements 31 Section 6.07 Business Activity 31 Section 6.08 Restricted Payments 31 ARTICLE VII Events of the Borrower Default 32 ARTICLE VIII The Administrative Agent 33 ARTICLE IX Miscellaneous 35 Section 9.01 Notices 35 Section 9.02 Waivers; Amendments 35 Section 9.03 Expenses; Indemnity; Damage Waiver 36 Section 9.04 Successors and the Assigns 37 Section 9.05 Survival 39 Section 9.06 Counterparts; Integration; Effectiveness 40 Section 9.07 Severability 40 Section 9.08 Right of Setoff 40 Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process 40 Section 9.10 Waiver of Jury Trial 41 Section 9.11 Headings 41 Section 9.12 Confidentiality 41 ii ARTICLE X GUARANTY 42 Section 10.1 The Guaranty 42 Section 10.2 Bankruptcy 42 Section 10.3 Nature of Liability 42 Section 10.4 Independent Obligation 43 Section 10.5 Authorization 43 Section 10.6 Reliance 43 Section 10.7 Waiver 43 Section 10.8 Limitation on Enforcement 44 Section 10.9 Confirmation of Payment 44 SCHEDULES: Schedule 2.01—Commitments Schedule 3.06—Disclosed Matters Schedule 3.14—Subsidiaries 104and Significant Subsidiaries Schedule 6.02—Existing Indebtedness Schedule 6.03—Existing Liens EXHIBITS: Exhibit A—Form of Assignment and Acceptance Exhibit B—Form of Joinder Agreement iii CREDIT AGREEMENT

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.1928 SECTION 2.21. Mitigation Obligations; Replacement of Lenders 63 Section 2.2029 SECTION 2.22. Incremental Term Loans 67 Defaulting Lenders 30 ARTICLE III Representations and Warranties 69 Section 3.0132 Reserved 32 ARTICLE IV 32 REPRESENTATIONS AND WARRANTIES 32 SECTION 4.01. Organization; Powers 69 Section 3.0232 SECTION 4.02. Authorization 69 Section 3.03. Authorization; Enforceability 70 Section 3.0432 SECTION 4.03. Governmental Approvals 70 Section 3.05Approvals; No Conflicts 32 SECTION 4.04. Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 Section 3.0732 SECTION 4.05. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.0533 SECTION 4.06. Litigation and Other Notices. 86 Section 5.06Environmental Matters 33 SECTION 4.07. Compliance with Laws 86 Section 5.07and Agreements 33 SECTION 4.08. Maintaining Records; Access to Properties and Inspections 86 Section 5.08Investment Company Status 34 SECTION 4.09. Taxes 34 SECTION 4.10. ERISA 34 SECTION 4.11. Disclosure 34 SECTION 4.12. Use of Proceeds 87 Section 5.09Credit 34 SECTION 4.14. Compliance with Environmental Laws 87 Section 5.10Withholding Taxes 35 SECTION 4.15. Further Assurances; Additional Mortgages 87 Section 5.11Stamp Taxes 35 SECTION 4.16. Fiscal Year; Accounting 89 Section 5.12Legal Form 35 ARTICLE V 35 CONDITIONS 35 SECTION 5.01. Effective Date 35 SECTION 5.02. Each Credit Event 36 ARTICLE VI 37 COVENANTS 37 SECTION 6.01 Reporting 37 SECTION 6.02 Reserved 38 SECTION 6.03 Corporate Existence 38 SECTION 6.04 Maintenance of Ratings 89 Properties 38 SECTION 6.05 Statement by the Company as to Default 39 SECTION 6.06 Limitation on Liens on Stock of Designated Subsidiaries 39 SECTION 6.07 Waiver of Certain Covenants 39 ARTICLE VI Negative Covenants 89 Section 6.01VII 40 RESERVED 40 ARTICLE VIII 40 EVENTS OF DEFAULT 40 ARTICLE IX 42 THE ADMINISTRATIVE AGENT 42 ARTICLE X 44 MISCELLANEOUS 44 SECTION 10.01. Indebtedness 89 Section 6.02Notices 44 SECTION 10.02. Liens 93 Section 6.03Waivers; Amendments 45 SECTION 10.03. Sale Expenses; Indemnity; Damage Waiver 46 SECTION 10.04. Successors and Lease-Back Transactions 96 Section 6.04Assigns 47 SECTION 10.05. InvestmentsSurvival 50 SECTION 10.06. Counterparts; Integration; Effectiveness 51 SECTION 10.07. Severability 51 SECTION 10.08. Right of Setoff 51 SECTION 10.09. Governing Law; Jurisdiction; Etc 51 SECTION 10.10. WAIVER OF JURY TRIAL 52 SECTION 10.11. Headings 53 SECTION 10.12. Treatment of Certain Information; Confidentiality 53 SECTION 10.13. Judgment Currency 54 SECTION 10.14. USA PATRIOT Act 54 SECTION 10.15. NO FIDUCIARY DUTY 54 SECTION 10.16. ILLEGALITY 55 SCHEDULE I - Commitments SCHEDULE II - Litigation SCHEDULE III - Environmental Matters EXHIBIT A - Form of Assignment and Assumption EXHIBIT B - Form of Borrowing Request EXHIBIT C - Form of Interest Election Request EXHIBIT D - Form of Letter of Credit CREDIT AGREEMENT dated as of May 7, Loans 2013 (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), among XLIT LTD., an exempted company incorporated in the Cayman Islands with limited liability (the “Company”), the LENDERS party hereto, and Advances 96 Section 6.05CITICORP USA, INC., as Administrative Agent and Issuing Lender. MergersThe Company has requested that the Issuing Lender issue letters of credit for its account and that the Lenders make loans to it in an aggregate face or principal amount not exceeding the aggregate amount of Commitments at any one time outstanding, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104Issuing Lender and Lenders are prepared to issue such letters of credit and make such loans upon the terms and conditions hereof. Accordingly, the parties hereto agree as follows:

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section SECTION 2.19. Mitigation Obligations; Replacement of Lenders 63 Section SECTION 2.20. Incremental Term Loans 67 ARTICLE Expansion Option SECTION 2.21. Judgment Currency SECTION 2.22. Defaulting Lenders Article III Representations and Warranties 69 Section SECTION 3.01. Organization; Powers 69 Section Powers; Subsidiaries SECTION 3.02. Authorization 69 Section Authorization; Enforceability SECTION 3.03. Enforceability 70 Section Governmental Approvals; No Conflicts SECTION 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 Section SECTION 3.05. Properties SECTION 3.06. Litigation, Environmental and Labor Matters SECTION 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section SECTION 3.08. Investment Company Status SECTION 3.09. Taxes SECTION 3.10. ERISA SECTION 3.11. Disclosure Page 1 19 19 20 20 21 21 21 22 22 23 24 28 28 30 30 31 32 33 33 34 35 35 38 40 41 42 42 44 44 44 44 44 45 45 45 45 45 SECTION 3.12. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. Use of Proceeds 73 Section 46 TABLE OF CONTENTS (continued) Page SECTION 3.13. Tax Returns 73 Section Liens SECTION 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE Default Article IV Conditions of Lending 77 Section SECTION 4.01. All Credit Events 77 Section Effective Date SECTION 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE Each Credit Event Article V Affirmative Covenants 81 Section SECTION 5.01. Financial Statements and Other Information SECTION 5.02. Notices of Material Events SECTION 5.03. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section Conduct of Business SECTION 5.04. Financial Statements, Reports, etc. 83 Section Payment of Taxes SECTION 5.05. Litigation Maintenance of Properties; Insurance SECTION 5.06. Books and Other Notices. 86 Section 5.06Records; Inspection Rights SECTION 5.07. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section Material Contractual Obligations SECTION 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104Proceeds

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.19Setoffs 38 SECTION 2.16. Mitigation Obligations; Replacement of Lenders 63 Section 2.2039 SECTION 2.17. Incremental Term Loans 67 Defaulting Lenders 40 ARTICLE III Representations and Warranties 69 Section SECTION 3.01. Organization; Powers 69 Section Organization and Qualification 41 SECTION 3.02. Authorization 69 Section Subsidiaries 41 SECTION 3.03. Enforceability 70 Section Corporate Authority and Validity of Obligations 41 SECTION 3.04. Governmental Approvals 70 Section Margin Stock 42 SECTION 3.05. Financial Statements 70 Section Reports 42 SECTION 3.06. No Material Adverse Change or Material Adverse Effect 71 Section 42 SECTION 3.07. Title to Properties; Possession Under Leases 71 Section Litigation 42 SECTION 3.08. Subsidiaries 71 Section Tax Returns 43 SECTION 3.09. Litigation; Approvals 43 SECTION 3.10. ERISA 43 SECTION 3.11. Environmental Matters 43 SECTION 3.12. Properties 43 SECTION 3.13. Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.1144 SECTION 3.14. Investment Company Act 72 Section 3.12Status 44 SECTION 3.15. Disclosure 44 ARTICLE IV Conditions SECTION 4.01. Effective Date 44 SECTION 4.02. Each Borrowing 46 ARTICLE V Affirmative Covenants SECTION 5.01. Corporate Existence 46 SECTION 5.02. Maintenance 46 SECTION 5.03. Taxes 47 SECTION 5.04. Insurance 47 SECTION 5.05. Financial Reports and Other Information 47 SECTION 5.06. Books and Records; Inspection Rights 48 SECTION 5.07. Compliance with Laws 48 ARTICLE VI Negative Covenants SECTION 6.01. Indebtedness 49 SECTION 6.02. Liens 49 SECTION 6.03. Fundamental Changes 50 SECTION 6.04. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 51 SECTION 6.05. Mergers, Consolidations, Sales Interest Expense Coverage Ratio 51 ARTICLE VII Events of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104Default ARTICLE VIII The Administrative Agent

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.19offs. 52 SECTION 2.19 Mitigation Obligations; Replacement of Lenders. 54 SECTION 2.20 Returned Payments 55 SECTION 2.21 Designation of Subsidiary Borrowers. 55 SECTION 2.22 Defaulting Lenders 63 Section 2.20. 57 SECTION 2.23 Incremental Term Loans 67 Revolving Commitments 59 SECTION 2.24 Extension of Commitment Termination Date 60 ARTICLE III Representations and Warranties 69 Section 3.01. REPRESENTATIONS AND WARRANTIES 61 SECTION 3.01 Organization; Powers 69 Section 3.02. Authorization 69 Section 3.03. 62 SECTION 3.02 Authorization; Enforceability 70 Section 3.04. 62 SECTION 3.03 Governmental Approvals 70 Section 3.05. Approvals; No Conflicts 62 SECTION 3.04 Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 Section 3.07Change. Title to 62 SECTION 3.05 Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.0963 SECTION 3.06 Litigation and Environmental Matters. Litigation; 63 SECTION 3.07 Investment Company Act 63 SECTION 3.08 Taxes 63 - i – SECTION 3.09 ERISA 63 SECTION 3.10 Disclosure 64 SECTION 3.11 Use of Credit 64 SECTION 3.12 Compliance with Laws 72 Section 3.10and Agreements 64 SECTION 3.13 No Default 64 SECTION 3.14 Solvency 64 SECTION 3.15 [Reserved] 64 SECTION 3.16 Consideration 64 SECTION 3.17 Capitalization and Subsidiaries 65 SECTION 3.18 Insurance 65 SECTION 3.19 Employment Matters 65 SECTION 3.20 Anti-Terrorism Laws; Anti-Corruption Laws and Sanctions 65 SECTION 3.21 EEA Financial Institutions 65 ARTICLE IV CONDITIONS 65 SECTION 4.01 Effective Date 65 SECTION 4.02 Each Credit Event 67 ARTICLE V AFFIRMATIVE COVENANTS 68 SECTION 5.01 Financial Statements and Other Information 68 SECTION 5.02 Notices of Material Events 70 SECTION 5.03 Existence; Conduct of Business 70 SECTION 5.04 Taxes and Other Obligations 70 SECTION 5.05 Maintenance of Properties; Insurance 71 SECTION 5.06 Books and Records; Inspection Rights 71 SECTION 5.07 Compliance with Laws and Obligations. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. 71 SECTION 5.08 Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location and Letters of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. 71 SECTION 5.09 Governmental Authorizations 72 SECTION 5.10 Maintenance of Ratings 89 72 SECTION 5.11 Additional Guarantors; Further Assurances 72 ARTICLE VI Negative Covenants 89 Section 6.01NEGATIVE COVENANTS 72 SECTION 6.01 Indebtedness. Indebtedness 89 Section 6.0273 SECTION 6.02 Liens 75 SECTION 6.03 Fundamental Changes. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. 77 SECTION 6.04 Dispositions 77 SECTION 6.05 Transactions with Affiliates 78 SECTION 6.06 Investments, Loans, Advances, Guarantees and Acquisitions 79 SECTION 6.07 Sale and Leaseback Transactions 81 SECTION 6.08 Restricted Payments; Certain Payments of Indebtedness. 81 SECTION 6.09 Restrictive Agreements 82 SECTION 6.10 Amendment of Material Documents 83 SECTION 6.11 Financial Covenants 83 SECTION 6.12 Swap Agreements 83 SECTION 6.13 Changes in Fiscal Periods 84 SECTION 6.14 Lines of Business 84 ARTICLE VII EVENTS OF DEFAULT 84 ARTICLE VIII THE ADMINISTRATIVE AGENT 86 ARTICLE IX GUARANTEE 88 SECTION 9.01 The Guarantee 88 SECTION 9.02 Obligations Unconditional 89 SECTION 9.03 Reinstatement 90 SECTION 9.04 Subrogation 90 SECTION 9.05 Remedies 90 SECTION 9.06 Instrument for the Payment of Money 90 SECTION 9.07 Continuing Guarantee 91 SECTION 9.08 Indemnity and Subrogation 91 SECTION 9.09 Contribution and Subrogation 91 SECTION 9.10 Subordination 91 SECTION 9.11 Maximum Liability and Contribution 91 SECTION 9.12 Keepwell 92 SECTION 9.13 Release 92 ARTICLE X MISCELLANEOUS 92 SECTION 10.01 Notices 92 SECTION 10.02 Waivers; Amendments. 93 SECTION 10.03 Expenses; Indemnity; Damage Waiver. 95 SECTION 10.04 Successors and Assigns. 96 SECTION 10.05 Survival 100 SECTION 10.06 Counterparts; Integration; Effectiveness 100 SECTION 10.07 Severability 100 SECTION 10.08 Right of Setoff 101 SECTION 10.09 Governing Law; Jurisdiction; Judicial Proceedings; Etc. 101 SECTION 10.10 WAIVER OF JURY TRIAL 102 Section 6.08SECTION 10.11 Headings 102 SECTION 10.12 Confidentiality 102 SECTION 10.13 Judgment Currency 103 SECTION 10.14 Several Obligations; Nonreliance; Violation of Law 103 SECTION 10.15 Conflicts 104 SECTION 10.16 USA PATRIOT Act 104 SECTION 10.17 Appointment of Company as Agent 104 SECTION 10.18 Release of Guarantees. Business 105 SECTION 10.19 Acknowledgement and Consent to Bail-In of EEA Financial Institutions 105 SECTION 10.20 Existing Credit Agreement 106 SECTION 10.21 Suspended Terms 106 SCHEDULE 1.01A - Commitments SCHEDULE 2.06(l) - Existing Letters of Credit SCHEDULE 3.06(a) - Litigation SCHEDULE 3.06(b) - Environmental Matters SCHEDULE 3.17 - Capitalization and Subsidiaries SCHEDULE 5.02(d) - Environmental Matters SCHEDULE 6.01 - Indebtedness SCHEDULE 6.02 - Liens SCHEDULE 6.04 - Dispositions SCHEDULE 6.06 - Investments SCHEDULE 6.06(o) - Joint Venture Investments SCHEDULE 6.09 - Restrictive Agreements EXHIBIT A - Form of Assignment and Assumption EXHIBIT B - Form of Designation Letter EXHIBIT C - Form of Opinion of Counsel to the Borrower Loan Parties EXHIBIT D - [Reserved] EXHIBIT E - Form of Termination Letter EXHIBIT F - [Reserved] EXHIBIT G - Form of Joinder Agreement EXHIBIT H-1 - Form of U.S. Tax Compliance Certificate EXHIBIT H-2 - Form of U.S. Tax Compliance Certificate EXHIBIT H-3 - Form of U.S. Tax Compliance Certificate EXHIBIT H-4 - Form of U.S. Tax Compliance Certificate EXHIBIT I - Increased Facility Activation Notice EXHIBIT J - New Lender Supplement This AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), dated as of March 21, 2011, as amended and restated as of June 26, 2014, and as further amended and restated as of June 30, 2016, among BRUNSWICK CORPORATION, certain SUBSIDIARIES of Brunswick Corporation that may be SUBSIDIARY BORROWERS party hereto, certain SUBSIDIARIES of Brunswick Corporation that shall be GUARANTORS party hereto, the Subsidiaries 104LENDERS party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, JPMORGAN CHASE BANK, N.A., XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED and XXXXX FARGO SECURITIES, LLC, as Joint Lead Arrangers and Joint Bookrunners, BANK OF AMERICA, N.A. and XXXXX FARGO BANK, N.A., as Syndication Agents, and SUNTRUST BANK, U.S. BANK NATIONAL ASSOCIATION and CITIZENS BANK N.A., as Documentation Agents.

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.1964 SECTION 2.21. Mitigation Obligations; Replacement of Lenders 63 Section 2.2066 SECTION 2.22. Incremental Term Loans Borrowing Subsidiaries 67 SECTION 2.23. Additional Reserve Costs 67 SECTION 2.24. Redenomination of Certain Designated Foreign Currencies 68 Page ARTICLE III Representations and Warranties 69 Section SECTION 3.01. Organization; Powers Organization and Qualification 69 Section SECTION 3.02. Authorization Subsidiaries 69 Section SECTION 3.03. Enforceability 70 Section Corporate Authority and Validity of Obligations 69 SECTION 3.04. Governmental Approvals Margin Stock 70 Section SECTION 3.05. Financial Statements Reports 70 Section SECTION 3.06. No Material Adverse Change or Material Adverse Effect 71 Section 70 SECTION 3.07. Title to Properties; Possession Under Leases 71 Section Litigation 70 SECTION 3.08. Subsidiaries 71 Section Tax Returns 70 SECTION 3.09. Litigation; Approvals 71 SECTION 3.10. ERISA 71 SECTION 3.11. Environmental Matters 71 SECTION 3.12. Properties 71 SECTION 3.13. Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11SECTION 3.14. Investment Company Act Status 72 Section 3.12SECTION 3.15. Disclosure 72 ARTICLE IV Conditions SECTION 4.01. Effective Date 72 SECTION 4.02. Each Borrowing 73 SECTION 4.03. Initial Borrowing by each Borrowing Subsidiary 74 ARTICLE V Affirmative Covenants SECTION 5.01. Corporate Existence 74 SECTION 5.02. Maintenance 75 SECTION 5.03. Taxes 75 SECTION 5.04. Insurance 75 SECTION 5.05. Financial Reports and Other Information 75 SECTION 5.06. Books and Records; Inspection Rights 77 SECTION 5.07. Compliance with Laws 77 ARTICLE VI Negative Covenants SECTION 6.01. Indebtedness 77 SECTION 6.02. Liens 78 SECTION 6.03. Sale and Leaseback Transactions 79 Page SECTION 6.04. Fundamental Changes 79 SECTION 6.05. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 80 SECTION 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business Interest Expense Coverage Ratio 80 ARTICLE VII Events of the Borrower and the Subsidiaries 104Default ARTICLE VIII The Agents

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.1928 SECTION 2.21. Mitigation Obligations; Replacement of Lenders 63 Section 2.2029 SECTION 2.22. Incremental Term Loans 67 Defaulting Lenders 30 ARTICLE III Representations and Warranties 69 Section 3.0132 Reserved 32 ARTICLE IV 32 REPRESENTATIONS AND WARRANTIES 32 SECTION 4.01. Organization; Powers 69 Section 3.0232 SECTION 4.02. Authorization 69 Section 3.03. Authorization; Enforceability 70 Section 3.0432 SECTION 4.03. Governmental Approvals 70 Section 3.05Approvals; No Conflicts 32 SECTION 4.04. Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 Section 3.0732 SECTION 4.05. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.0533 SECTION 4.06. Litigation and Other Notices. 86 Section 5.06Environmental Matters 33 SECTION 4.07. Compliance with Laws 86 Section 5.07and Agreements 33 SECTION 4.08. Maintaining Records; Access to Properties and Inspections 86 Section 5.08Investment Company Status 34 SECTION 4.09. Taxes 34 SECTION 4.10. ERISA 34 SECTION 4.11. Disclosure 34 SECTION 4.12. Use of Proceeds 87 Section 5.09Credit 34 SECTION 4.14. Compliance with Environmental Laws 87 Section 5.10Withholding Taxes 35 SECTION 4.15. Further Assurances; Additional Mortgages 87 Section 5.11Stamp Taxes 35 SECTION 4.16. Fiscal Year; Accounting 89 Section 5.12Legal Form 35 ARTICLE V 35 CONDITIONS 35 SECTION 5.01. Effective Date 35 SECTION 5.02. Each Credit Event 36 ARTICLE VI 37 COVENANTS 37 SECTION 6.01 Reporting 37 SECTION 6.02 Reserved 38 SECTION 6.03 Corporate Existence 38 SECTION 6.04 Maintenance of Ratings 89 Properties 38 SECTION 6.05 Statement by the Company as to Default 39 SECTION 6.06 Limitation on Liens on Stock of Designated Subsidiaries 39 SECTION 6.07 Waiver of Certain Covenants 39 ARTICLE VI Negative Covenants 89 Section 6.01VII 40 RESERVED 40 ARTICLE VIII 40 EVENTS OF DEFAULT 40 ARTICLE IX 42 THE ADMINISTRATIVE AGENT 42 ARTICLE X 44 MISCELLANEOUS 44 SECTION 10.01. Indebtedness 89 Section 6.02Notices 44 SECTION 10.02. Liens 93 Section 6.03Waivers; Amendments 45 SECTION 10.03. Sale Expenses; Indemnity; Damage Waiver 46 SECTION 10.04. Successors and Lease-Back Transactions 96 Section 6.04Assigns 47 SECTION 10.05. InvestmentsSurvival 50 SECTION 10.06. Counterparts; Integration; Effectiveness 51 SECTION 10.07. Severability 51 SECTION 10.08. Right of Setoff 51 SECTION 10.09. Governing Law; Jurisdiction; Etc 51 SECTION 10.10. WAIVER OF JURY TRIAL 52 SECTION 10.11. Headings 53 SECTION 10.12. Treatment of Certain Information; Confidentiality 53 SECTION 10.13. Judgment Currency 54 SECTION 10.14. USA PATRIOT Act 54 SECTION 10.15. NO FIDUCIARY DUTY 54 SECTION 10.16. ILLEGALITY 55 SCHEDULE I - Commitments SCHEDULE II - Litigation SCHEDULE III - Environmental Matters EXHIBIT A - Form of Assignment and Assumption EXHIBIT B - Form of Borrowing Request EXHIBIT C - Form of Interest Election Request EXHIBIT D - Form of Letter of Credit CREDIT AGREEMENT dated as of August 6, Loans 2013 (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), among XLIT LTD., an exempted company incorporated in the Cayman Islands with limited liability (the “Company”), the LENDERS party hereto, and Advances 96 Section 6.05CITICORP USA, INC., as Administrative Agent and Issuing Lender. MergersThe Company has requested that the Issuing Lender issue letters of credit for its account and that the Lenders make loans to it in an aggregate face or principal amount not exceeding the aggregate amount of Commitments at any one time outstanding, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104Issuing Lender and Lenders are prepared to issue such letters of credit and make such loans upon the terms and conditions hereof. Accordingly, the parties hereto agree as follows:

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 37 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 63 Section 38 SECTION 2.20. Incremental Term Loans 67 Increase of Commitments 39 SECTION 2.21. Market Disruption 40 SECTION 2.22. Judgment Currency 40 SECTION 2.23. Designation of Foreign Subsidiary Borrowers 41 SECTION 2.24. Defaulting Lenders 41 SECTION 2.25. Termination of Commitments under Existing Credit Agreement 43 ARTICLE III Representations and Warranties 69 Section 43 SECTION 3.01. Organization; Powers 69 Section Existence and Power 43 SECTION 3.02. Authorization 69 Section Authority 43 Table of Contents (continued) Page SECTION 3.03. Enforceability 70 Section Binding Agreements 43 SECTION 3.04. Litigation 43 SECTION 3.05. No Conflicting Agreements 44 SECTION 3.06. Taxes 44 SECTION 3.07. Governmental Approvals 70 Section 3.05Regulations 44 SECTION 3.08. Federal Reserve Regulations; Use of Loan Proceeds 44 SECTION 3.09. Disclosure 44 SECTION 3.10. Plans 45 SECTION 3.11. Environmental Matters 45 SECTION 3.12. Financial Statements 70 Section 3.06. No Material Adverse Change or Material Adverse Effect 71 Section 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. Use of Proceeds 73 Section 46 SECTION 3.13. Tax Returns 73 Section Material Subsidiaries; Capital Stock 46 SECTION 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 Holding Company Status 46 ARTICLE IV Conditions of Lending 77 Section 46 SECTION 4.01. All Credit Events 77 Section Effective Date 46 SECTION 4.02. Effectiveness 78 Section Each Credit Event 47 SECTION 4.03. Effect Designation of Amended Agreement 81 a Foreign Subsidiary Borrower 48 ARTICLE V Affirmative Covenants 81 Section 49 SECTION 5.01. Existence; Businesses and Properties 81 Section Legal Existence 49 SECTION 5.02. Insurance 82 Section Taxes 49 SECTION 5.03. Taxes 83 Section Insurance 49 SECTION 5.04. Financial Statements, Reports, etc. 83 Section Performance of Obligations 49 SECTION 5.05. Litigation Condition of Property 49 SECTION 5.06. Observance of Legal Requirements 49 SECTION 5.07. Financial Statements and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section Information 50 SECTION 5.08. Use of Proceeds 87 Section Records 51 SECTION 5.09. Compliance with Environmental Laws 87 Section Authorizations 51 SECTION 5.10. Further Assurances; Additional Mortgages 87 Section Disaster Recovery Program 51 SECTION 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 Subsidiary Guaranty 52 ARTICLE VI Negative Covenants 89 Section 53 SECTION 6.01. Subsidiary Indebtedness 89 Section 53 SECTION 6.02. Liens 93 Section 53 SECTION 6.03. Sale and Lease-Back Transactions 96 Section Asset Sales 55 SECTION 6.04. Investments, Loans Mergers and Advances 96 Section Acquisitions 55 SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section Pari Passu Obligations 56 SECTION 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 56 SECTION 6.07. Restricted Payments 56 SECTION 6.08. Business Financial Covenants 56 Table of Contents (continued) Page ARTICLE VII Events of Default 56 ARTICLE VIII The Administrative Agent 58 ARTICLE IX Miscellaneous 60 SECTION 9.01. Notices 60 SECTION 9.02. Waivers; Amendments 61 SECTION 9.03. Expenses; Indemnity; Damage Waiver 62 SECTION 9.04. Successors and Assigns 63 SECTION 9.05. Survival 66 SECTION 9.06. Counterparts; Integration; Effectiveness 66 SECTION 9.07. Severability 67 SECTION 9.08. Right of Setoff 67 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process 67 SECTION 9.10. WAIVER OF JURY TRIAL 68 SECTION 9.11. Headings 68 SECTION 9.12. Confidentiality 68 SECTION 9.13. USA PATRIOT Act 69 ARTICLE X Company Guarantee 69 Table of Contents (continued) Page SCHEDULES: Schedule 2.01 — Commitments Schedule 2.02 — Mandatory Cost Schedule 2.06 — Existing Letters of Credit Schedule 3.04 — List of Litigation Schedule 3.11 — List of Environmental Matters Schedule 3.13 — List of Material Subsidiaries; Capital Stock Schedule 6.01 — List of Existing Indebtedness EXHIBITS: Exhibit A — Form of Assignment and Assumption Exhibit B-1 — Form of Opinion of Xxxxx & Lardner LLP Exhibit B-2 — Form of Opinion of General Counsel of the Borrower Loan Parties Exhibit C — Form of Commitment and Acceptance Exhibit D — Form of Written Money Transfer Instruction Exhibit E — List of Closing Documents Exhibit F-1 — Form of Borrowing Subsidiary Agreement Exhibit F-2 — Form of Borrowing Subsidiary Termination Exhibit G — Form of Subsidiary Guaranty Exhibit H — Form of Compliance Certificate CREDIT AGREEMENT (this “Agreement”) dated as of September 29, 2010 among FISERV, INC., the Subsidiaries 104FOREIGN SUBSIDIARY BORROWERS from time to time party hereto, the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, BANK OF AMERICA, N.A., THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. and U.S. BANK NATIONAL ASSOCIATION, as Syndication Agents and RBS CITIZENS, NATIONAL ASSOCIATION, as Documentation Agent. The parties hereto agree as follows:

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 40 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 63 Section 41 SECTION 2.20. Incremental Term Loans 67 Defaulting Lenders 42 SECTION 2.21. Guaranties 44 ARTICLE III Representations and Warranties 69 Section 44 SECTION 3.01. Organization; Powers 69 Section 44 SECTION 3.02. Authorization 69 Section Authorization; Enforceability 44 SECTION 3.03. Enforceability 70 Section Governmental Approvals; No Conflicts 44 SECTION 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 Section 44 SECTION 3.05. Properties 45 SECTION 3.06. Litigation and Environmental Matters 45 SECTION 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11and Agreements 46 SECTION 3.08. Investment Company Act 72 Section Status 46 SECTION 3.09. Taxes 46 SECTION 3.10. ERISA 46 SECTION 3.11. Disclosure 46 SECTION 3.12. Use of Proceeds 73 Section Insurance Licenses 46 SECTION 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 Insurance Business 47 ARTICLE IV Conditions of Lending 77 Section 47 SECTION 4.01. All Credit Events 77 Section Effective Date 47 SECTION 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 Each Credit Event 48 ARTICLE V Affirmative Covenants 81 Section 48 SECTION 5.01. Financial Statements; Ratings Change and Other Information 48 SECTION 5.02. Notices of Material Events 49 SECTION 5.03. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section Conduct of Business 50 SECTION 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use Payment of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104Obligations 50

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Setoffs 74 Section 2.192.18. Mitigation Obligations; Replacement of Lenders 63 76 Section 2.19. Designation of Company as Each Borrowers’ Agent 77 Section 2.20. Incremental Term Loans 67 Priority and Liens Applicable to Loan Parties 77 Section 2.21. Payment of Obligations 79 Section 2.22. No Discharge; Survival of Claims 79 ARTICLE III Representations and Warranties 69 3 REPRESENTATIONS AND WARRANTIES Section 3.01. Organization; Powers 69 79 Section 3.02. Authorization 69 Authorization; Enforceability 79 Section 3.03. Enforceability 70 Governmental Approvals; No Conflicts 80 Section 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 80 Section 3.05. Properties 80 Section 3.06. Litigation and Environmental Matters 81 Section 3.07. Title to Properties; Possession Under Leases 71 Compliance with Laws and Agreements 81 Section 3.08. Subsidiaries 71 Investment Company Status 81 Section 3.09. Litigation; Compliance with Laws 72 Taxes 81 Section 3.10. Employee Benefit Plans 82 Section 3.11. Disclosure 82 Section 3.12. Subsidiaries 82 Section 3.13. Insurance 82 Section 3.14. Labor Matters 82 Section 3.15. Security Documents 83 Section 3.16. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 84 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 The Orders 84 ARTICLE IV Conditions of Lending 77 4 CONDITIONS Section 4.01. All Credit Events 77 Effective Date 85 Section 4.02. Effectiveness 78 Revolving Loans 88 Section 4.03. Each Credit Event 89 Section 4.04Conditions Precedent to the Effectiveness of this Agreement; Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses Third Amendment and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings Restatement 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 1045

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.1937 SECTION 2.18. Mitigation Obligations; Replacement of Lenders 63 Section 38 SECTION 2.19. Designation of Borrowing Subsidiaries 38 SECTION 2.20. Incremental Term Loans 67 Additional Reserve Costs 39 SECTION 2.21. Defaulting Lenders 39 ARTICLE III Representations and Warranties 69 Section 40 SECTION 3.01. Organization; Powers 69 Section 40 SECTION 3.02. Authorization 69 Section Authorization; Enforceability 40 SECTION 3.03. Enforceability 70 Section Governmental Approvals; No Conflicts 40 SECTION 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 Section 41 SECTION 3.05. Properties 41 SECTION 3.06. Litigation and Environmental Matters 41 SECTION 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11and Agreements 41 SECTION 3.08. Investment Company Act 72 Section Status 41 SECTION 3.09. Taxes 42 SECTION 3.10. ERISA and Pension Plans 42 SECTION 3.11. Disclosure 42 SECTION 3.12. Use of Proceeds 73 Section Margin Stock 42 SECTION 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 Subsidiaries; Guarantee Requirement 42 ARTICLE IV Conditions of Lending 77 Section 42 SECTION 4.01. All Credit Events 77 Section Effective Date 42 SECTION 4.02. Effectiveness 78 Section Closing Date 43 SECTION 4.03. Effect of Amended Agreement 81 Each Credit Event 44 SECTION 4.04. Actions during Certain Funds Period 44 SECTION 4.05. Initial Credit Event for each Borrowing Subsidiary 44 ARTICLE V Affirmative Covenants 81 Section 45 SECTION 5.01. Financial Statements and Other Information 45 SECTION 5.02. Notices of Material Events 46 SECTION 5.03. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section Conduct of Business 47 (i) SECTION 5.04. Financial Statements, Reports, etc. 83 Section Payment of Taxes 47 SECTION 5.05. Litigation Maintenance of Properties; Insurance 47 SECTION 5.06. Books and Other Notices. 86 Section 5.06Records; Inspection Rights 47 SECTION 5.07. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 47 SECTION 5.08. Use of Proceeds 87 Section 47 SECTION 5.09. Compliance with Environmental Laws 87 Section 5.10. Further AssurancesGuarantee Requirement; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 Elective Guarantor 47 ARTICLE VI Negative Covenants 89 Section 48 SECTION 6.01. Priority Indebtedness 89 Section 48 SECTION 6.02. Liens 93 Section 49 SECTION 6.03. Sale and Lease-Back Transactions 96 Section Fundamental Changes 50 SECTION 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.0850 SECTION 6.05. Business Leverage Ratio 50 ARTICLE VII Events of Default 50 SECTION 7.01. Events of Default 50 SECTION 7.02. CAM Exchange 52 ARTICLE VIII Guarantee 52 ARTICLE IX The Agents 53 ARTICLE X Miscellaneous 56 SECTION 10.01. Notices 56 SECTION 10.02. Waivers; Amendments 57 SECTION 10.03. Expenses; Indemnity; Damage Waiver 58 SECTION 10.04. Successors and Assigns 58 SECTION 10.05. Survival 61 SECTION 10.06. Counterparts; Integration; Effectiveness 61 SECTION 10.07. Severability 62 SECTION 10.08. Right of Setoff 62 SECTION 10.09. Governing Law; Jurisdiction; Consent to Service of Process 62 SECTION 10.10. WAIVER OF JURY TRIAL 62 SECTION 10.11. Headings 62 SECTION 10.12. Confidentiality 62 SECTION 10.13. Interest Rate Limitation 63 SECTION 10.14. Conversion of Currencies 63 SECTION 10.15. USA Patriot Act 63 SECTION 10.16. Interest Act (Canada) 64 SCHEDULES: Schedule 2.01 Commitments Schedule 2.17 Payment Instructions Schedule 3.06 Disclosed Matters Schedule 3.13 Subsidiary Guarantors Schedule 6.01 Existing Priority Indebtedness Schedule 6.02 Existing Liens EXHIBITS: Exhibit A Form of Borrowing Request Exhibit B-1 Form of Borrowing Subsidiary Agreement Exhibit B-2 Form of Borrowing Subsidiary Termination Exhibit C Form of Assignment and Assumption Exhibit D Mandatory Costs Rate Exhibit E Form of Subsidiary Guarantee Agreement Exhibit F Solvency Certificate Exhibit G Forms of Legal Opinions Exhibit H Form of Resolutions and Secretary’s Certificates Exhibit I Form of Closing Date Certificate CREDIT AGREEMENT dated as of April 3, 2012 among MOLSON COORS BREWING COMPANY, a Delaware corporation; MOLSON COORS BREWING COMPANY (UK) LIMITED, MOLSON CANADA 2005, MOLSON COORS CANADA INC. and MOLSON COORS INTERNATIONAL LP, each a subsidiary of the Borrower Company; the LENDERS party hereto; DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent; and DEUTSCHE BANK AG, CANADA BRANCH, as Canadian Administrative Agent. The Borrowers have requested that the Lenders establish the credit facility provided for herein in an aggregate initial principal amount of US$300,000,000. The proceeds of the Loans and B/A Drawings made hereunder will be used (i) on the Closing Date, to finance the Transactions and to pay Transaction Costs and (ii) after the Closing Date, to provide working capital from time to time for the Borrowers and their Subsidiaries and for their other general corporate purposes of the Company and the Subsidiaries 104Subsidiaries. The Lenders are willing to establish such credit facility upon the terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows:

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Setoffs 67 Section 2.19. 2.15 Taxes 69 Section 2.16 Mitigation Obligations; Replacement of Lenders 63 71 Section 2.20. 2.17 Letters of Credit 75 Section 2.18 Bank Guarantees 79 Section 2.19 Incremental Term Loans 67 Facility 84 ARTICLE III Representations and Warranties 69 REPRESENTATIONS AND WARRANTIES 86 Section 3.01. 3.01 Organization; Powers 69 86 Section 3.023.02 Authorization; Enforceability; Perfected Liens 86 Section 3.03 No Conflicts; No Default. Authorization 69 87 Section 3.03. Enforceability 70 3.04 Financial Statements; Projections 87 Section 3.04. Governmental Approvals 70 3.05 Property 88 Section 3.05. Financial Statements 70 3.06 Intellectual Property 88 Section 3.06. No Material Adverse Change or Material Adverse Effect 71 3.07 Equity Interests and Subsidiaries 89 Section 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. 3.08 Litigation; Compliance with Laws 72 Legal Requirements 89 Section 3.10. 3.09 Agreements 89 Section 3.10 Federal Reserve Regulations 72 90 Section 3.11. 3.11 Investment Company Act 72 Act, etc. 90 Section 3.12. 3.12 Use of Proceeds 73 90 Section 3.13. Tax Returns 73 3.13 Taxes 90 Section 3.14. 3.14 No Material Misstatements 73 Misstatements. 90 Section 3.15. 3.15 Labor Matters 91 Section 3.16 Solvency 91 Section 3.17 Employee Benefit Plans 73 91 Section 3.16. 3.18 Environmental Matters 74 92 Section 3.17. Collateral Documents 74 3.19 Insurance 92 Section 3.18. Location 3.20 Anti-Terrorism Law; Sanctions; Anti-Corruption Law 92 Section 3.21 Concerning Rigs 93 Section 3.22 Form of Real Property 75 Documentation; Citizenship 94 Section 3.19. Solvency 75 3.23 Intercreditor Agreement 94 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 3.24 Beneficial Ownership Certification 94 ARTICLE IV CONDITIONS TO CREDIT EXTENSIONS 94 Section 4.01 Conditions of Lending 77 to Initial Credit Extension 94 Section 4.01. 4.02 Conditions to All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 Extensions 98 ARTICLE V Affirmative Covenants 81 AFFIRMATIVE COVENANTS 98 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. 5.01 Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 10499

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 47 Section 2.192.18. Mitigation Obligations; Replacement of Lenders 63 49 Section 2.202.19. Incremental Term Loans 67 Successor LIBOR 50 ARTICLE III Representations and Warranties 69 REPRESENTATIONS AND WARRANTIES 51 Section 3.01. Organization; Powers 69 51 Section 3.02. Authorization 69 3.02A. Authorization; Enforceability 51 Section 3.03. 3.02B. Authorization; Enforceability 70 51 Section 3.03A. Governmental Approvals; No Conflicts 51 Section 3.03B. Governmental Approvals; No Conflicts 52 Section 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 52 Section 3.05. Properties 52 Section 3.06. Litigation and Environmental Matters 52 Section 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 and Agreements 53 Section 3.103.08. Federal Reserve Regulations 72 53 Section 3.09. Investment Company Status 53 Section 3.10. Taxes 53 Section 3.11. Investment Company Act 72 ERISA 53 Section 3.12. Use of Proceeds 73 Disclosure 53 Section 3.13. Tax Returns 73 Solvency 54 Section 3.14. No Material Misstatements 73 Anti-Corruption Laws and Sanction Laws 54 Section 3.15. Employee Benefit Plans 73 Affected Financial Institution 54 Section 3.16. Environmental Collateral Matters 74 54 Section 3.17. Collateral Documents 74 Subsidiaries; Loan Parties 55 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 Insurance 55 ARTICLE IV Conditions of Lending 77 CONDITIONS 56 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 Closing Date 56 ARTICLE V Affirmative Covenants 81 AFFIRMATIVE COVENANTS 57 Section 5.01. Existence; Businesses Financial Statements and Properties 81 Other Information 57 Section 5.02. Insurance 82 Notices of Material Events 58 Section 5.03. Taxes 83 Existence; Conduct of Business 59 Section 5.04. Financial Statements, Reports, etc. 83 Taxes 59 Section 5.05. Litigation Business and Other Notices. 86 Properties 59 Section 5.06. Books and Records; Inspection Rights 59 Section 5.07. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 59 Section 5.08. Use of Proceeds 87 60 Section 5.09. Compliance with Environmental Laws 87 Additional Subsidiaries 60 Section 5.10. Further AssurancesCovenant to Guarantee the Obligations; Additional Mortgages 87 Covenant to Give Security 60 Section 5.11. Fiscal Year; Accounting 89 Information Regarding the Collateral 61 Section 5.12. Maintenance of Ratings 89 Insurance 61 ARTICLE VI Negative Covenants 89 NEGATIVE COVENANTS 61 Section 6.01. Indebtedness 89 Liens 62 Section 6.02. Liens 93 Subsidiary Indebtedness 63 Section 6.03. Sale and Lease-Back Leaseback Transactions 96 65 Section 6.04. Investments, Loans and Advances 96 6.04A. Fundamental Changes 65 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 6.04B. Fundamental Changes 66 Section 6.05A. Restrictive Agreements 66 Section 6.05B. Restrictive Agreements 67 Section 6.06. Dividends and Distributions 101 Leverage Ratio 67 Section 6.07. Transactions with Affiliates 102 Ratio of Consolidated EBITDA to Consolidated Interest Expense 68 Section 6.08. Business Investments 68 Section 6.09A. Share Repurchases 69 Section 6.09B. Restricted Payments 69 Section 6.10. Asset Sales 70 ARTICLE VII EVENTS OF DEFAULT 70 ARTICLE VIII THE AGENTS 73 ARTICLE IX [RESERVED] 78 ARTICLE X MISCELLANEOUS 78 Section 10.01. Notices 78 Section 10.02. Waivers; Amendments 79 Section 10.03. Expenses; Indemnity; Damage Waiver 81 Section 10.04. Successors and Assigns 82 Section 10.05. Survival 85 Section 10.06. Counterparts; Integration; Effectiveness 85 Section 10.07. Severability 86 Section 10.08. Right of Setoff 86 Section 10.09. Governing Law; Jurisdiction; Consent to Service of Process 86 Section 10.10. WAIVER OF JURY TRIAL 87 Section 10.11. Headings 87 Section 10.12. Confidentiality; Non-Public Information 87 Section 10.13. Conversion of Currencies 88 Section 10.14. Interest Rate Limitation 88 Section 10.15. Patriot Act 88 Section 10.16. No Fiduciary Relationship 89 Section 10.17. Electronic Execution 89 Section 10.18. Payments Set Aside 89 Section 10.19. Acknowledgement and Consent to Bail-In of Affected Financial Institutions 90 Section 10.20. Acknowledgement Regarding Any Supported QFCs 90 SCHEDULES: Schedule 2.01 – Commitments Schedule 3.17(a) – Subsidiaries Schedule 3.17(b) – Loan Parties Schedule 3.18 – Insurance Schedule 6.01 – Existing Liens Schedule 6.02 – Existing Subsidiary Indebtedness Schedule 6.03 – Existing Sale and Leaseback Transactions Schedule 6.05 – Restrictive Agreements EXHIBITS: Exhibit A -- Form of Assignment and Assumption Exhibit B -- Form of Interest Election Request Exhibit C -- Form of Note Exhibit D-1 -- Form of US Tax Compliance Certificate (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) Exhibit D-2 -- Form of US Tax Compliance Certificate (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) Exhibit D-3 -- Form of US Tax Compliance Certificate (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) Exhibit D-4 -- Form of US Tax Compliance Certificate (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) Exhibit E -- Form of Guarantee Agreement Exhibit F -- Form of Security and Pledge Agreement Exhibit G Form of Secured Party Designation Notice THIS TERM LOAN CREDIT AGREEMENT dated as of August 17, 2018, is by and among CDK GLOBAL, INC., a Delaware corporation, the LENDERS party hereto, and BANK OF AMERICA, N.A., as Administrative Agent. The Borrower has requested that the Lenders extend credit in the form of Loans denominated in US Dollars in an aggregate principal amount of $600,000,000, available to the Borrower on the Closing Date. The proceeds of the Borrower Loans are to be used for general corporate purposes. The Lenders are willing to provide the Loans referred to in the preceding paragraph upon the terms and subject to the Subsidiaries 104conditions set forth herein. Accordingly, the parties hereto agree as follows:

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Set Off 14 Section 2.19. 2.12 Taxes 16 Section 2.13 Mitigation Obligations; Replacement of Lenders 63 18 Section 2.202.14 Defaulting Lenders 19 Section 2.15 Usury Recapture 21 Section 2.16 Allocation 22 ARTICLE III. Incremental Term Loans 67 CONDITIONS 22 Section 3.1 Conditions to the Making of the First Advance 22 Section 3.2 Conditions to All Credit Extensions 25 ARTICLE III Representations IV. REPRESENTATIONS AND WARRANTIES 26 Section 4.1 Existence 26 Section 4.2 Power 27 Section 4.3 Authorization and Warranties 69 Approvals 27 Section 3.01. Organization; Powers 69 4.4 Enforceable Obligations 27 Section 3.02. Authorization 69 4.5 Financial Reporting 27 Section 3.03. Enforceability 70 4.6 True and Complete Disclosure 28 Section 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. No Material Adverse Change or Material Adverse Effect 71 Section 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. 4.7 Litigation; Compliance with Laws 72 28 Section 3.10. Federal Reserve Regulations 72 4.8 Use of Proceeds 29 Section 3.11. 4.9 Investment Company Act 72 29 Section 3.124.10 Taxes 29 Section 4.11 Pension Plans 30 Section 4.12 Condition of Property; Casualties 30 Section 4.13 No Burdensome Restrictions; No Defaults 31 Section 4.14 Environmental Condition 31 Section 4.15 Permits, Licenses, Etc. 32 Section 4.16 Gas Contracts 32 Section 4.17 Liens; Titles, Leases, Etc. 33 Section 4.18 Solvency 33 Section 4.19 Hedging Agreements 33 Section 4.20 Material Agreements 33 Section 4.21 Equity Interests; Subsidiaries 33 Section 4.22 Labor Matters 34 Section 4.23 Insurance 34 Section 4.24 Foreign Assets Control Regulations 34 Section 4.25 Anti-Terrorism Law 35 ARTICLE V. AFFIRMATIVE COVENANTS 35 Section 5.1 Reserved 35 Section 5.2 Maintenance of Insurance 35 Section 5.3 Preservation of Corporate Existence, Etc. 37 Section 5.4 Payment of Taxes, Etc. 38 Section 5.5 Maintenance of Records; Visitation Rights 38 Section 5.6 Reporting Requirements 39 Section 5.7 Maintenance of Property 42 Section 5.8 Agreement to Pledge 42 Section 5.9 Use of Proceeds 73 42 Section 3.13. Tax Returns 73 5.10 Title Evidence and Opinions 42 Section 3.14. No Material Misstatements 73 5.11 Further Assurances; Cure of Title Defects 43 Section 3.15. Employee Benefit Plans 73 5.12 Additional Collateral; Additional Guarantors 43 Section 3.16. Environmental Matters 74 5.13 Leases; Development and Maintenance 44 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. 5.14 Litigation and Other Notices. 86 Notices 45 Section 5.06. Compliance with Laws 86 5.15 Employee Benefits 45 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. 5.16 Compliance with Environmental Laws 87 46 Section 5.105.17 Information Regarding Collateral 46 Section 5.18 Immaterial Subsidiaries 47 ARTICLE VI. Further Assurances; Additional Mortgages 87 NEGATIVE COVENANTS 47 Section 5.116.1 Liens, Etc. Fiscal Year; Accounting 89 47 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 6.2 Debts, Guarantees, and Other Obligations 49 Section 6.01. Indebtedness 89 Section 6.02. 6.3 Agreements Restricting Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 50 Section 6.07. Transactions 6.4 Merger or Consolidation; Asset Sales 50 Section 6.5 Restricted Payments 51 Section 6.6 Reserved 51 Section 6.7 Investments 52 Section 6.8 Reserved 53 Section 6.9 Compliance with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104ERISA 53

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 40 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 63 Section 42 SECTION 2.20. Incremental Term Loans 67 ARTICLE Expansion Option 42 SECTION 2.21. Defaulting Lenders 44 Article III Representations and Warranties 69 Section 45 SECTION 3.01. OrganizationFinancial Condition; Powers 69 Section 3.02. Authorization 69 Section 3.03. Enforceability 70 Section 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. No Material Adverse Change or Material Adverse Effect 71 Section 3.0745 SECTION 3.02. Title to PropertiesOrganization; Possession Under Leases 71 Section 3.08Existence 46 SECTION 3.03. Subsidiaries 71 Section 3.09Power; Authorization; Enforceable Obligations 46 SECTION 3.04. Litigation; Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14Conflict 46 SECTION 3.05. No Material Misstatements 73 Section 3.15Litigation 46 SECTION 3.06. Employee Benefit Plans 73 Section 3.16No Default 46 SECTION 3.07. Taxes 47 SECTION 3.08. ERISA 47 SECTION 3.09. Governmental Regulations, Etc. 48 SECTION 3.10. Subsidiaries 48 SECTION 3.11. Purpose of Loans and Letters of Credit 48 i Table of Contents (continued) Page SECTION 3.12. Compliance with Laws; Contractual Obligations 48 SECTION 3.13. Accuracy and Completeness of Information 49 SECTION 3.14. Environmental Matters 74 Section 3.1749 SECTION 3.15. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE Anti-Corruption Laws and Sanctions 50 Article IV Conditions of Lending 77 Section 50 SECTION 4.01. All Credit Events 77 Section Effective Date 50 SECTION 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE Each Credit Event 51 Article V Affirmative Covenants 81 Section 52 SECTION 5.01. Existence; Businesses and Properties 81 Section Financial Statements 52 SECTION 5.02. Insurance 82 Section Certificates; Other Information 52 SECTION 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104Notices 53

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.1950 SECTION 2.21. Mitigation Obligations; Replacement of Lenders 63 Section 2.2052 SECTION 2.22. Incremental Term Loans 67 Defaulting Lenders 53 SECTION 2.23. Absence of Rating 54 ARTICLE III Representations and Warranties 69 Section 54 SECTION 3.01. The Guarantee 55 SECTION 3.02. Obligations Unconditional 55 SECTION 3.03. Reinstatement 55 SECTION 3.04. Subrogation 56 SECTION 3.05. Remedies 56 SECTION 3.06. Continuing Guarantee 56 ii SECTION 3.07. Rights of Contribution 56 SECTION 3.08. General Limitation on Guarantee Obligations 57 ARTICLE IV 57 REPRESENTATIONS AND WARRANTIES 57 SECTION 4.01. Organization; Powers 69 Section 3.0257 SECTION 4.02. Authorization 69 Section 3.03. Authorization; Enforceability 70 Section 3.0457 SECTION 4.03. Governmental Approvals 70 Section 3.05Approvals; No Conflicts 58 SECTION 4.04. Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 Section 3.0758 SECTION 4.05. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.0558 SECTION 4.06. Litigation and Other Notices. 86 Section 5.06Environmental Matters 59 SECTION 4.07. Compliance with Laws 86 Section 5.07and Agreements 59 SECTION 4.08. Maintaining Records; Access to Properties and Inspections 86 Section 5.08Investment Company Status 59 SECTION 4.09. Taxes 59 SECTION 4.10. ERISA 59 SECTION 4.11. Disclosure 60 SECTION 4.12. Use of Proceeds 87 Section 5.09Credit 60 SECTION 4.13. Subsidiaries 60 SECTION 4.14. Withholding Taxes 61 SECTION 4.15. Stamp Taxes 61 SECTION 4.16. Legal Form 61 ARTICLE V 61 CONDITIONS 61 SECTION 5.01. Effective Date 61 SECTION 5.02. Each Credit Event 63 ARTICLE VI 63 AFFIRMATIVE COVENANTS 63 SECTION 6.01. Financial Statements and Other Information 63 SECTION 6.02. Notices of Material Events 66 SECTION 6.03. Preservation of Existence and Franchises 66 SECTION 6.04. Insurance 66 SECTION 6.05. Maintenance of Properties 67 SECTION 6.06. Payment of Taxes and Other Potential Charges and Priority Claims; Payment of Other Current Liabilities 67 SECTION 6.07. Financial Accounting Practices 67 SECTION 6.08. Compliance with Environmental Applicable Laws 87 Section 5.1068 SECTION 6.09. Further Assurances; Additional Mortgages 87 Section 5.11Use of Letters of Credit and Proceeds 68 SECTION 6.10. Fiscal Year; Accounting 89 Section 5.12Continuation of and Change in Businesses 68 SECTION 6.11. Maintenance of Ratings 89 Visitation 68 ARTICLE VI Negative Covenants 89 Section 6.01VII 68 NEGATIVE COVENANTS 68 SECTION 7.01. Indebtedness 89 Section 6.02Mergers 68 SECTION 7.02. Dispositions 69 SECTION 7.03. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.0770 SECTION 7.04. Transactions with Affiliates 102 Section 6.0872 SECTION 7.05. Business Ratio of Total Funded Debt to Total Capitalization 72 SECTION 7.06. Consolidated Net Worth 72 SECTION 7.07. Indebtedness 72 SECTION 7.08. Financial Strength Ratings 73 SECTION 7.09. Private Act 73 ARTICLE VIII 73 EVENTS OF DEFAULT 73 ARTICLE IX 77 THE ADMINISTRATIVE AGENT 77 ARTICLE X 79 MISCELLANEOUS 79 SECTION 10.01. Notices 79 SECTION 10.02. Waivers; Amendments 80 SECTION 10.03. Expenses; Indemnity; Damage Waiver 81 SECTION 10.04. Successors and Assigns 83 SECTION 10.05. Survival 87 SECTION 10.06. Counterparts; Integration; Effectiveness 87 SECTION 10.07. Severability 87 SECTION 10.08. Right of Setoff 88 SECTION 10.09. Governing Law; Jurisdiction; Etc. 88 SECTION 10.10. WAIVER OF JURY TRIAL 89 SECTION 10.11. Headings 89 SECTION 10.12. Treatment of Certain Information; Confidentiality 89 SECTION 10.13. Judgment Currency 90 SECTION 10.14. USA PATRIOT Act 91 SECTION 10.15. NO FIDUCIARY DUTY 91 SECTION 10.16. ILLEGALITY 91 SCHEDULE I - Commitments SCHEDULE II - Indebtedness and Liens SCHEDULE III - Litigation SCHEDULE IV - Environmental Matters SCHEDULE V - Subsidiaries SCHEDULE VI - Existing Letters of Credit EXHIBIT A - Form of Assignment and Assumption EXHIBIT B - Form of Confirming Lender Agreement EXHIBIT C Form of Borrowing Request EXHIBIT D Form of Interest Election Request UNSECURED CREDIT AGREEMENT dated as of December 9, 2011 (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), among XL GROUP PLC, an Irish public limited company (“XL Group”), XLIT LTD., an exempted company incorporated in the Borrower Cayman Islands with limited liability (“XLIT”), X.L. AMERICA, INC., a Delaware corporation (“XL America”), XL INSURANCE (BERMUDA) LTD, a Bermuda limited liability company (“XL Insurance (Bermuda)”), XL RE LTD, a Bermuda limited liability company (“XL Re”), XL RE EUROPE LIMITED, an Irish limited liability company (“XL Re Europe”), XL INSURANCE COMPANY LIMITED, a limited company domiciled in the United Kingdom (“XL Insurance”), XL INSURANCE SWITZERLAND LTD, a company limited by shares organized under the laws of Switzerland (“XL Switzerland”), and XL LIFE LTD, a Bermuda company (“XL Life” and together with XL Group, XLIT, XL America, XL Insurance (Bermuda), XL Re, XL Re Europe, XL Insurance and XL Switzerland, each an “Account Party” and collectively, the “Account Parties”; XL Group, XLIT, XL America, XL Insurance (Bermuda), XL Re and XL Life, each a “Guarantor” and collectively the “Guarantors”; the Account Parties and the Subsidiaries 104Guarantors being collectively referred to as the “Obligors”), the LENDERS party hereto, and JPMORGAN CHASE BANK, N.A., as Administrative Agent. The Account Parties have requested that the Lenders issue letters of credit for their account and make loans to them in an aggregate face or principal amount not exceeding $1,350,000,000 at any one time outstanding (subject to the Loan Sublimit (as defined below)), and the Lenders are prepared to issue such letters of credit and make such loans upon the terms and conditions hereof. Accordingly, the parties hereto agree as follows:

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.1934 SECTION 2.16. Mitigation Obligations; Replacement of Lenders 63 Section 2.2036 SECTION 2.17. Incremental Term Loans 67 Defaulting Lenders 37 ARTICLE III Representations and Warranties 69 Section 37 REPRESENTATIONS AND WARRANTIES 37 SECTION 3.01. Organization; Powers 69 Section 37 SECTION 3.02. Authorization 69 Section Authorization; Enforceability 37 SECTION 3.03. Enforceability 70 Section Governmental Approvals; No Conflicts 38 SECTION 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. Statements; No Material Adverse Change or Material Adverse Effect 71 Section 38 SECTION 3.05. Properties 38 SECTION 3.06. Litigation and Environmental Matters 39 SECTION 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section 3.1039 SECTION 3.08. Federal Reserve Regulations 72 Section 3.11No Default 39 SECTION 3.09. Investment Company Act 72 Section Status 39 SECTION 3.10. Insurance Licenses 39 SECTION 3.11. Taxes 40 SECTION 3.12. ERISA 40 SECTION 3.13. Disclosure 40 SECTION 3.14. Margin Regulations 40 SECTION 3.15. Indebtedness 40 SECTION 3.16. Liens 40 SECTION 3.17. Subsidiaries 41 SECTION 3.18. Solvency 41 SECTION 3.19. Security Documents 41 ARTICLE IV 41 CONDITIONS 41 SECTION 4.01. Effective Date 41 SECTION 4.02. Each Credit Event 43 ARTICLE V 44 AFFIRMATIVE COVENANTS 44 SECTION 5.01. Financial Statements and Other Information 44 SECTION 5.02. Notices of Material Events 46 SECTION 5.03. Existence; Conduct of Business 48 SECTION 5.04. Payment of Obligations 48 SECTION 5.05. Maintenance of Properties 48 SECTION 5.06. Books and Records 48 SECTION 5.07. Inspection Rights 48 SECTION 5.08. Compliance with Laws and Contractual Obligations 48 SECTION 5.09. Insurance 48 SECTION 5.10. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 49 SECTION 5.11. Fiscal YearGuarantees; Accounting 89 Section Release and Reinstatement 49 SECTION 5.12. Pledges; Release and Reinstatement 49 SECTION 5.13. Maintenance of Ratings 89 50 ARTICLE VI Negative Covenants 89 Section 50 NEGATIVE COVENANTS 50 SECTION 6.01. Indebtedness 89 Section 50 SECTION 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 10454

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 offs. 52 Section 2.192.18. Mitigation Obligations; Replacement of Lenders 63 Lenders. 54 Section 2.19. Increase in the Aggregate Commitments. 55 Section 2.20. Incremental Term Loans 67 ARTICLE Extension of Maturity Date. 57 Section 2.21. Cash Collateral. 59 Section 2.22. Defaulting Lenders. 61 Section 2.23. Designated Borrowers. 63 Article III Representations and Warranties 69 65 Section 3.01. Organization; Powers 69 Powers. 65 Section 3.02. Authorization 69 Authorization; Enforceability. 65 Section 3.03. Enforceability 70 Governmental Approvals; No Conflicts. 65 Section 3.04. Governmental Approvals 70 Financial Condition; No Material Adverse Change. 65 Section 3.05. Financial Statements 70 [Reserved]. 66 Section 3.06. No Material Adverse Change or Material Adverse Effect 71 Litigation and Environmental Matters. 66 Section 3.07. Title to PropertiesCompliance with Laws; Possession Under Leases 71 Sanctions; Anti-Corruption. 66 Section 3.08. Subsidiaries 71 Investment Company Status. 67 Section 3.09. Litigation; Compliance with Laws 72 Taxes. 67 Section 3.10. Federal Reserve Regulations 72 ERISA. 67 Section 3.11. Investment Company Act 72 Disclosure. 67 Section 3.12. Use of Proceeds 73 Federal Regulations. 68 Section 3.13. Tax Returns 73 Purpose of Loans. 68 Section 3.14. No Material Misstatements 73 Section 3.15EEA Financial Institutions. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE 68 Article IV Conditions of Lending 77 68 Section 4.01. All Credit Events 77 Closing Conditions. 68 Section 4.02. Effectiveness 78 Section 4.03Each Credit Event. Effect of Amended Agreement 81 ARTICLE 70 Article V Affirmative Covenants 81 70 Section 5.01. Existence; Businesses Financial Statements and Properties 81 Other Information. 71 Section 5.02. Insurance 82 Notices of Material Events. 72 Section 5.03. Taxes 83 Existence; Conduct of Business. 73 Section 5.04. Financial Statements, Reports, etcPayment of Taxes. 83 73 Section 5.05. Litigation and Other NoticesMaintenance of Properties; Insurance. 86 73 Section 5.06. Compliance with Laws 86 Books and Records; Inspection Rights. 73 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Compliance with Laws. 74 Section 5.08. Use of Proceeds 87 Proceeds. 74 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE Accreditation, Etc. 74 Article VI Negative Covenants 89 74 Section 6.01. Indebtedness 89 Indebtedness. 74 Section 6.02. Liens 93 Liens. 75 Section 6.03. Sale and Lease-Back Transactions 96 Fundamental Changes. 77 Section 6.04. Investments, Loans and Advances 96 Business Activity. 78 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Sanctions. 78 Section 6.06. Dividends Anti-Corruption Laws; Anti-Money Laundering Laws. 78 Article VII Events of Default 78 Section 7.01. Events of Default. 78 Article VIII The Administrative Agent 81 Section 8.01. Appointment and Distributions 101 Authority. 81 Section 6.078.02. Transactions with Affiliates 102 Rights as a Lender. 81 Section 6.088.03. Business Exculpatory Provisions. 82 Section 8.04. Reliance by Administrative Agent. 83 Section 8.05. Delegation of the Borrower Duties. 83 Section 8.06. Resignation of Administrative Agent. 83 Section 8.07. Non-Reliance on Administrative Agent and the Subsidiaries 104Other Lenders. 85

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.19. 69 SECTION 4.02 Taxes/Additional Payments 71 SECTION 4.03 Mitigation Obligations; Replacement of Lenders 63 Section 2.2075 SECTION 4.04 Financial Assistance 76 SECTION 4.05 UK Limitation 78 ARTICLE V CONDITIONS PRECEDENT SECTION 5.01 Conditions Precedent to the Effective Date 78 SECTION 5.02 Conditions Precedent to All Credit Events 85 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Organization and Qualification 87 SECTION 6.02 Authorization, Validity, Etc. Incremental Term Loans 67 ARTICLE III Representations and Warranties 69 Section 3.0187 SECTION 6.03 Governmental Consents, Etc. Organization87 SECTION 6.04 No Breach or Violation of Law or Agreements 88 SECTION 6.05 Litigation 88 SECTION 6.06 Information; Powers 69 Section 3.02. Authorization 69 Section 3.03. Enforceability 70 Section 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. No Material Adverse Change or Material Adverse Effect 71 Section 3.07. Title to Properties88 SECTION 6.07 Investment Company Act; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. LitigationMargin Regulations 89 SECTION 6.08 ERISA; Canadian Defined Benefit Plans 89 SECTION 6.09 Tax Returns and Payments 89 SECTION 6.10 Requirements of Law 90 SECTION 6.11 No Default 90 SECTION 6.12 Anti-Corruption Laws and Sanctions 90 SECTION 6.13 Properties 91 SECTION 6.14 No Restrictive Agreements 91 SECTION 6.15 Solvency 91 SECTION 6.16 Insurance 91 SECTION 6.17 Rank of Obligations 91 SECTION 6.18 Liens 91 SECTION 6.19 Security Interest in Collateral 91 SECTION 6.20 Capital Stock 92 SECTION 6.21 EEA Financial Institutions 92 SECTION 6.22 Compliance with the Swiss Non-Bank Rules 92 SECTION 6.23 Dutch Fiscal Unity 93 SECTION 6.24 Tax Residency 93 SECTION 6.25 Status as a Holding Company 93 ARTICLE VII AFFIRMATIVE COVENANTS SECTION 7.01 Information Covenants 93 SECTION 7.02 Books, Records and Inspections 96 SECTION 7.03 Insurance 96 SECTION 7.04 Payment of Taxes and other Claims 97 SECTION 7.05 Existence 97 SECTION 7.06 ERISA Compliance 97 SECTION 7.07 Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11. Investment and Material Contractual Obligations 97 SECTION 7.08 Additional Guarantors; Additional Specified Jurisdictions 98 SECTION 7.09 Designation of Unrestricted Subsidiaries; Redesignation of Unrestricted Subsidiaries as Restricted Subsidiaries 102 SECTION 7.10 Compliance with the Swiss Non-Bank Rules 103 SECTION 7.11 Post-Closing Grant and Perfection Requirements Matters 103 SECTION 7.12 Status as a Holding Company Act 72 Section 3.12. 103 SECTION 7.13 Lender Meeting 103 SECTION 7.14 Maintenance of Properties 103 SECTION 7.15 Xxxxxx Xxxxxxx Letters of Credit 104 ARTICLE VIII NEGATIVE COVENANTS SECTION 8.01 Indebtedness 104 SECTION 8.02 Fundamental Changes 107 SECTION 8.03 Material Change in Business 108 SECTION 8.04 Liens 108 SECTION 8.05 Asset Dispositions 109 SECTION 8.06 Investments 110 SECTION 8.07 Swap Agreements 112 SECTION 8.08 Restricted Payments 112 SECTION 8.09 Minimum Liquidity 114 SECTION 8.10 Limitation on Transactions with Affiliates 114 SECTION 8.11 Restrictive Agreements 114 SECTION 8.12 Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral 115 SECTION 8.13 Changes to Fiscal Year 116 SECTION 8.14 Amendments to Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Governing Certain Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales 116 SECTION 8.15 Limitation on Equity Issuances 116 SECTION 8.16 Book Value of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104116

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 31 Section 2.192.16. Mitigation ObligationsLender’s Obligation to Mitigate; Replacement of Lenders 63 33 Section 2.202.17. Incremental Term Loans 67 Judgment Currency 34 ARTICLE III Representations and Warranties 69 3 REPRESENTATIONS AND WARRANTIES Section 3.01. Organization; Powers 69 35 Section 3.02. Authorization 69 Authorization; Enforceability 35 Section 3.03. Enforceability 70 Governmental Approvals; No Conflicts 35 Section 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. Statements; No Material Adverse Change or Material Adverse Effect 71 35 Section 3.05. Properties 36 Section 3.06. Litigation and Environmental Matters 37 Section 3.07. Title to Properties; Possession Under Leases 71 Compliance with Laws and Agreements 37 Section 3.08. Subsidiaries 71 Investment and Holding Company Status 37 Section 3.09. LitigationTaxes 37 Section 3.10. Disclosure 38 Section 3.11. Pari Passu Status 38 Section 3.12. Subsidiaries 38 Section 3.13. Insurance 38 Section 3.14. Labor Matters 38 Section 3.15. Solvency 38 Section 3.16. Legal Form 38 ARTICLE 4 CONDITIONS Section 4.01. Effective Date 39 Section 4.02. Conditions To Borrowing 39 ARTICLE 5 AFFIRMATIVE COVENANTS Section 5.01. Financial Statements and Other Information 42 Section 5.02. Notice of Material Events 43 Section 5.03. Existence; Conduct of Business 44 Section 5.04. Payment of Obligations 44 Section 5.05. Maintenance of Properties 44 Section 5.06. Insurance 44 Section 5.07. Proper Records; Rights to Inspect and Appraise 44 Section 5.08. Compliance with Laws 72 45 Section 3.10. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.125.09. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 45 Section 5.10. Further Assurances; Additional Mortgages 87 Assurances 45 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 During Bridge Period 45 Section 6.01. Indebtedness 89 Liens 45 Section 6.02. Liens 93 Fundamental Changes 46 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 47 Section 6.086.04. Business of the Borrower and the Subsidiaries 104Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 49

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 46 Section 2.19. Mitigation Obligations; Replacement of Lenders 63 47 Section 2.20. Incremental Term Loans 67 Illegality 48 Section 2.21. Exchange Notes 48 Section 2.22. Change of Control 49 ARTICLE III Representations and Warranties 69 Section 3.01. Organization; Powers 69 50 Section 3.02. Authorization 69 51 Section 3.03. Enforceability 70 51 Section 3.04. Governmental Approvals 70 51 Section 3.05. Financial Statements 70 51 Section 3.06. No Material Adverse Change or Material Adverse Effect 71 51 Section 3.07. Title to Properties; Possession Under Leases 71 51 Section 3.08. Subsidiaries 71 52 Section 3.09. Litigation; Compliance with Laws 72 52 Section 3.10. Federal Reserve Regulations 72 52 Section 3.11. Investment Company Act 72 53 Section 3.12. Use of Proceeds 73 53 Page Section 3.13. Tax Returns 73 53 Section 3.14. No Material Misstatements 73 53 Section 3.15. Employee Benefit Plans 73 54 Section 3.16. Environmental Matters 74 54 Section 3.17. Collateral Security Documents 74 54 Section 3.18. Location of Real Property 75 and Leased Premises 55 Section 3.19. Solvency 75 56 Section 3.20. Labor Matters 76 56 Section 3.21. Intellectual Property Rights 76 Insurance 56 Section 3.22. Project No Default 56 Section 3.23. Intellectual Property; Licenses, Etc 56 Section 3.24. [Reserved] 56 Section 3.25. Sanctioned Persons; Anti-Money Laundering; Etc 57 Section 3.26. Acquisition Documents 77 57 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104IV

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.19. 50 SECTION 2.18 Mitigation of Obligations; Replacement of Lenders 63 Section 2.20. Incremental Term Loans 67 5251 SECTION 2.19 Defaulting Lenders 5352 SECTION 2.20 Cash Collateral 5554 SECTION 2.21 Accordion Facilities 55 SECTION 2.22 Benchmark Replacement 56 ARTICLE III Representations CONDITIONS PRECEDENT 5657 SECTION 3.01 Conditions Precedent to the Closing Date 5657 SECTION 3.02 Conditions Precedent to Each Credit Event 58 ARTICLE IV REPRESENTATIONS AND WARRANTIES 5859 SECTION 4.01 Organization and Warranties 69 Section 3.01. Organization; Powers 69 Section 3.02. Authorization 69 Section 3.03. Enforceability 70 Section 3.04. Qualification 5859 i Revolving Credit Facility SECTION 4.02 Authorization, Validity, Etc 59 SECTION 4.03 Governmental Approvals 70 Section 3.05. Consents, Etc 59 SECTION 4.04 No Breach or Violation of Agreements or Restrictions, Etc 5960 SECTION 4.05 Properties 5960 SECTION 4.06 Litigation and Environmental Matters 5960 SECTION 4.07 Financial Statements 70 Section 3.06. No Material Adverse Change or Material Adverse Effect 71 Section 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; 60 SECTION 4.08 Disclosure 6061 SECTION 4.09 Investment Company Act 61 SECTION 4.10 ERISA 61 SECTION 4.11 Tax Returns and Payments 6061 SECTION 4.12 Compliance with Laws 72 Section 3.10and Agreements 6061 SECTION 4.13 Purpose of Loans 6061 SECTION 4.14 Foreign Assets Control Regulations, etc. Federal Reserve Regulations 72 Section 3.1162 SECTION 4.15 Solvency. Investment Company Act 72 Section 3.12. 6263 ARTICLE V AFFIRMATIVE COVENANTS 6263 SECTION 5.01 Financial Statements and Other Information 6263 SECTION 5.02 Existence, Conduct of Business 6465 SECTION 5.03 Payment of Obligations 65 SECTION 5.04 Maintenance of Properties; Insurance 65 SECTION 5.05 Books and Records; Inspection Rights 6566 SECTION 5.06 Compliance with Laws 6566 SECTION 5.07 Use of Proceeds 66 SECTION 5.08 Additional Guarantors 66 ARTICLE VI NEGATIVE COVENANTS 66 SECTION 6.01 Indebtedness of Non-Guarantor Subsidiaries 66 SECTION 6.02 Liens 67 SECTION 6.03 Fundamental Changes 6768 SECTION 6.04 Restricted Payments 68 SECTION 6.05 Transactions with Affiliates 68 SECTION 6.06 Restrictive Agreements 69 SECTION 6.07 Ratio of Consolidated Net Indebtedness to Consolidated EBITDA 6970 SECTION 6.08 Use of Proceeds 6970 ARTICLE VII EVENTS OF DEFAULT 6970 SECTION 7.01 Events of Default and Remedies 6970 ARTICLE VIII THE ADMINISTRATIVE AGENT 72 SECTION 8.01 Appointment and Authority 72 ii Revolving Credit Facility SECTION 8.02 Rights as a Lender 72 SECTION 8.03 Exculpatory Provisions 7273 SECTION 8.04 Reliance by Administrative Agent 73 Section 3.13. Tax Returns 73 Section 3.14. SECTION 8.05 Delegation of Duties 7374 SECTION 8.06 Resignation of Administrative Agent 7374 SECTION 8.07 Non-Reliance on Administrative Agent and Other Lenders 7475 SECTION 8.08 INDEMNIFICATION 75 SECTION 8.09 No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location Reliance on Agents or other Lenders 7576 SECTION 8.10 Duties of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor the Syndication Agent, Documentation Agents, Arrangers 76 SECTION 8.11 Certain ERISA Matters 76 Section 3.21SECTION 8.12 Erroneous Payments. Intellectual Property Rights 76 Section 3.227778 ARTICLE IX MISCELLANEOUS 7879 SECTION 9.01 Notices, Etc. Project Documents 77 ARTICLE IV Conditions 7879 SECTION 9.02 Waivers; Amendments; Releases 80 SECTION 9.03 Payment of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial StatementsExpenses, ReportsIndemnities, etc. 83 Section 5.05. Litigation 8182 SECTION 9.04 Successors and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining RecordsAssigns Generally 8485 SECTION 9.05 Assignments by Lenders 8485 SECTION 9.06 Survival; Access Reinstatement 8788 SECTION 9.07 Counterparts; Integration; Effectiveness; Electronic Execution 88 SECTION 9.08 Severability 8889 SECTION 9.09 Right of Setoff 8889 SECTION 9.10 Governing Law; Jurisdiction; Consent to Properties Service of Process 8990 SECTION 9.11 WAIVER OF JURY TRIAL 9091 SECTION 9.12 Confidentiality 9091 SECTION 9.13 Interest Rate Limitation 9192 SECTION 9.14 EXCULPATION PROVISIONS 9192 SECTION 9.15 U.S. Patriot Act 92 SECTION 9.16 No Advisory or Fiduciary Responsibility 92 SECTION 9.17 Headings 9293 SECTION 9.18 Acknowledgement and Inspections 86 Section 5.08. Use Consent to Bail-In of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance Affected Institutions 9293 iii Revolving Credit Facility SCHEDULES: Schedule 1.01 Commitments Schedule 1.01A Excluded Subsidiaries Schedule 1.01B Existing Letters of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Credit Schedule 1.01C Existing LC Subsidiaries Schedule 6.01 Existing Non-Guarantor Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Schedule 6.05 Existing Transactions with Affiliates 102 Section 6.08. Business Schedule 6.06 Existing Restrictive Agreements EXHIBITS: Exhibit 1.01-A Form of the Borrower Assignment and the Subsidiaries 104Acceptance Exhibit 1.01-B Form of Guaranty Agreement Exhibit 1.01-C Form of Committed Note Exhibit 1.01-D Form of Swingline Note Exhibit 2.03 Form of Borrowing Request Exhibit 2.05 Form of Letter of Credit Request Exhibit 2.07 Form of Interest Election Request Exhibit 2.10 Form of Notice of Prepayment Exhibit 2.16-A Form of U.S. Tax Compliance Certificate Exhibit 2.16-B Form of U.S. Tax Compliance Certificate Exhibit 2.16-C Form of U.S. Tax Compliance Certificate Exhibit 2.16-D Form of U.S. Tax Compliance Certificate Exhibit 2.21 Form of New Loan Increase Joinder Exhibit 5.01 Form of Compliance Certificate iv Revolving Credit Facility REVOLVING CREDIT AGREEMENT THIS REVOLVING CREDIT AGREEMENT, dated as of November 16, 2018 (this “Agreement”) is among:

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.1983 SECTION 2.18. Mitigation Obligations; Replacement of Lenders 63 Section Lenders. 85 SECTION 2.19. Certain Fees. 86 SECTION 2.20. Incremental Commitment Fee and Upfront Fee. 86 SECTION 2.21. Letter of Credit Fees. 87 SECTION 2.22. Nature of Fees. 87 SECTION 2.23. Right of Set-Off. 87 SECTION 2.24. Security Interest in Letter of Credit Account. 88 SECTION 2.25. Payment of Obligations. 88 SECTION 2.26. Defaulting Lenders. 88 SECTION 2.27. Increase in Commitment. 92 SECTION 2.28. Extension of Term Loans 67 ARTICLE Loans; Extension of the Revolving Facility. 95 Article III Representations and Warranties 69 Section REPRESENTATIONS AND WARRANTIES SECTION 3.01. Organization; Powers 69 Section Organization and Authority. 100 SECTION 3.02. Authorization 69 Section Air Carrier Status. 100 SECTION 3.03. Enforceability 70 Section Due Execution. 100 SECTION 3.04. Governmental Approvals 70 Section Statements Made. 101 SECTION 3.05. Financial Statements 70 Section Statements; Material Adverse Change. 102 SECTION 3.06. No Material Adverse Change or Material Adverse Effect 71 Section Ownership of Subsidiaries. 102 SECTION 3.07. Title to Properties; Possession Under Leases 71 Section Liens. 102 SECTION 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. Use of Proceeds 73 Section 3.13Proceeds. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05102 SECTION 3.09. Litigation and Other NoticesCompliance with Laws. 86 Section 5.06102 SECTION 3.10. Slots. 103 SECTION 3.11. Routes. 103 SECTION 3.12. Margin Regulations; Investment Company Act. 103 SECTION 3.13. Holding of Collateral. 103 SECTION 3.14. Perfected Security Interests. 103 SECTION 3.15. Payment of Taxes. 104 SECTION 3.16. No Unlawful Payments. 104 SECTION 3.17. OFAC. 104 SECTION 3.18. Compliance with Laws 86 Section 5.07Anti-Money Laundering Laws. Maintaining Records; Access to Properties and Inspections 86 Section 5.08105 SECTION 3.19. Use of Proceeds 87 Section 5.09Solvency. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104105 Article IV CONDITIONS OF LENDING

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 48 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 63 Section 50 SECTION 2.20. Incremental Term Loans 67 Market Disruption 51 SECTION 2.21. Judgment Currency 51 SECTION 2.22. Defaulting Lenders 51 ARTICLE III Representations and Warranties 69 Section SECTION 3.01. Organization; Powers 69 Section 53 SECTION 3.02. Authorization 69 Section Authorization; Enforceability 53 SECTION 3.03. Enforceability 70 Section Governmental Approvals; No Conflicts 54 SECTION 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 Section 54 SECTION 3.05. Properties 54 SECTION 3.06. Litigation and Environmental Matters 54 SECTION 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11and Agreements 55 SECTION 3.08. Investment Company Act 72 Section Status 55 SECTION 3.09. Taxes 55 SECTION 3.10. ERISA 55 SECTION 3.11. Capital Stock 55 SECTION 3.12. Use of Proceeds 73 Section 55 SECTION 3.13. Tax Returns 73 Section Insolvency 56 SECTION 3.14. No Material Misstatements 73 Section Insurance 56 SECTION 3.15. Employee Benefit Plans 73 Section Partnerships and Joint Ventures 56 SECTION 3.16. Environmental Matters 74 Section Subsidiaries 56 SECTION 3.17. Collateral Documents 74 Section Debt 56 SECTION 3.18. Location of Real Property 75 Section Disclosure 56 SECTION 3.19. Solvency 75 Section Sanctions Laws and Regulations 56 SECTION 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 EEA Financial Institution 57 ARTICLE IV Conditions of Lending 77 Section SECTION 4.01. All Credit Events 77 Section Effective Date 57 SECTION 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104Each Credit Event 58

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 2.19. 27 2.17 Currency Indemnity 29 2.18 Mitigation Obligations; Replacement of Lenders 63 Section 2.20. Incremental Term Loans 67 29 ARTICLE III Representations and Warranties 69 Section 3.01. 3 REPRESENTATIONS AND WARRANTIES 30 3.1 Organization; Powers 69 Section 3.02. Authorization 69 Section 3.03. 30 3.2 Authorization; Enforceability 70 Section 3.04. 31 3.3 Governmental Approvals 70 Section 3.05. Approvals; No Conflicts 31 3.4 Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 Section 3.07. Title to Properties; Possession Under Leases 71 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; 31 3.5 Litigation 32 3.6 Compliance with Laws 72 Section 3.10and Agreements 32 TABLE OF CONTENTS (continued) Page 3.7 Taxes 32 3.8 Titles to Assets. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. Use 32 3.9 Disclosure 33 3.10 Defaults 33 3.11 Casualties; Taking of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Properties 33 3.12 Subsidiaries 33 3.13 Insurance 33 3.14 Solvency 33 3.15 Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. 33 3.16 Fiscal Year 35 3.17 Intellectual Property Rights 76 Section 3.22. Project Documents 77 35 3.18 Investment and Holding Company Status 35 3.19 ERISA 35 3.20 Arrangement Agreement 35 ARTICLE IV 4 CONDITIONS 36 4.1 Effective Date 36 4.2 Confirmation of Satisfaction of Pre-Closing Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 39 ARTICLE V Affirmative Covenants 81 Section 5.01. 5 AFFIRMATIVE COVENANTS 40 5.1 Financial Statements and Other Information 40 5.2 Existence; Businesses Conduct of Business 42 5.3 Payment of Obligations 42 5.4 Maintenance of Properties 42 5.5 Books and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Records; Inspection Rights 42 5.6 Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties 43 5.7 Further Assurances 43 5.8 Insurance 43 5.9 Operation and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 Property 43 5.10 Total Debt to Total Capitalization Ratio 43 5.11 Ranking 43 5.12 Most Favoured Nations 43 5.13 Material Subsidiaries 44 TABLE OF CONTENTS (continued) Page 5.14 Change of Control 44 5.15 Purpose 45 5.16 Completion of Acquisition 45 5.17 Purchased Royalty 45 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 1046 NEGATIVE COVENANTS 45

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 Section 58 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 63 Section 60 SECTION 2.20. Incremental Term Loans 67 Borrowing Subsidiaries 61 SECTION 2.21. Additional Reserve Costs 61 SECTION 2.22. Redenomination of Certain Designated Foreign Currencies 62 SECTION 2.23. Defaulting Lenders 62 ARTICLE III Representations and Warranties 69 Section SECTION 3.01. Organization; Powers 69 Section Organization and Qualification 65 SECTION 3.02. Authorization 69 Section Subsidiaries 65 SECTION 3.03. Enforceability 70 Section Corporate Authority and Validity of Obligations 65 SECTION 3.04. Governmental Approvals 70 Section Margin Stock 66 SECTION 3.05. Financial Statements 70 Section Reports 66 SECTION 3.06. No Material Adverse Change or Material Adverse Effect 71 Section 66 SECTION 3.07. Title to Properties; Possession Under Leases 71 Section Litigation 66 SECTION 3.08. Subsidiaries 71 Section Tax Returns 67 SECTION 3.09. Litigation; Approvals 67 SECTION 3.10. ERISA 67 SECTION 3.11. Environmental Matters 67 SECTION 3.12. Properties 67 SECTION 3.13. Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.1168 SECTION 3.14. Investment Company Act Status 68 SECTION 3.15. Disclosure 68 ARTICLE IV Conditions SECTION 4.01. Effective Date 69 SECTION 4.02. Each Borrowing 70 SECTION 4.03. Initial Extension of Credit to each Borrowing Subsidiary 70 ARTICLE V Affirmative Covenants SECTION 5.01. Corporate Existence 71 SECTION 5.02. Maintenance 71 SECTION 5.03. Taxes 71 SECTION 5.04. Insurance 72 Section 3.12SECTION 5.05. Financial Reports and Other Information 72 SECTION 5.06. Books and Records; Inspection Rights 73 SECTION 5.07. Compliance with Laws 73 ARTICLE VI Negative Covenants SECTION 6.01. Indebtedness 74 SECTION 6.02. Liens 74 SECTION 6.03. Fundamental Changes 75 SECTION 6.04. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Other Notices. 86 Section 5.06. Compliance with Laws 86 Section 5.07. Maintaining Records; Access to Properties and Inspections 86 Section 5.08. Use of Proceeds 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants 89 Section 6.01. Indebtedness 89 Section 6.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section SECTION 6.05. Mergers, Consolidations, Sales Interest Expense Coverage Ratio 76 ARTICLE VII Events of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104Default ARTICLE VIII The Administrative Agent ARTICLE IX Guarantee ARTICLE X

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 61 40 Section 2.192.17. Mitigation Obligations; Replacement of Lenders 63 41 Section 2.18. Letters of Credit 42 Section 2.19. Competitive Bid Procedure 47 Section 2.20. Incremental Term Loans 67 Increase of Commitments 49 Section 2.21. Extension of Maturity 51 Section 2.22. Regulation D Compensation 52 ARTICLE III Representations and Warranties 69 3 REPRESENTATIONS AND WARRANTIES Section 3.01. Organization; Powers 69 53 Section 3.02. Authorization 69 Authorization; Enforceability 53 Section 3.03. Enforceability 70 Governmental Approvals; No Conflicts 53 Section 3.04. Governmental Approvals 70 Section 3.05. Financial Statements 70 Section 3.06. Condition; No Material Adverse Change or Material Adverse Effect 71 54 Section 3.073.05. Title to Properties; Possession Under Leases 71 Properties 54 Section 3.08. Subsidiaries 71 Section 3.09. Litigation; Compliance with Laws 72 Section 3.10. Federal Reserve Regulations 72 Section 3.11. Investment Company Act 72 Section 3.12. Use of Proceeds 73 Section 3.13. Tax Returns 73 Section 3.14. No Material Misstatements 73 Section 3.15. Employee Benefit Plans 73 Section 3.16. Environmental Matters 74 Section 3.17. Collateral Documents 74 Section 3.18. Location of Real Property 75 Section 3.19. Solvency 75 Section 3.20. Labor Matters 76 Section 3.21. Intellectual Property Rights 76 Section 3.22. Project Documents 77 ARTICLE IV Conditions of Lending 77 Section 4.01. All Credit Events 77 Section 4.02. Effectiveness 78 Section 4.03. Effect of Amended Agreement 81 ARTICLE V Affirmative Covenants 81 Section 5.01. Existence; Businesses and Properties 81 Section 5.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.053.06. Litigation and Other Notices. 86 Environmental Matters 54 Section 5.063.07. Compliance with Laws 86 and Agreements 55 Section 5.073.08. Maintaining Records; Access to Properties Investment and Inspections 86 Holding Company Status 55 Section 5.083.09. Use of Proceeds 87 Taxes 55 Section 5.093.10. Compliance with Environmental Laws 87 ERISA 55 Section 5.103.11. Further Assurances; Additional Mortgages 87 Disclosure 55 Section 5.113.12. Fiscal Year; Accounting 89 Margin Stock 56 Section 5.123.13. Maintenance of Ratings 89 No Burdensome Restrictions 56 Section 3.14. Subsidiaries 56 Section 3.15. Solvency 56 ARTICLE VI Negative Covenants 89 4 CONDITIONS TO FUNDING Section 6.014.01. Indebtedness 89 Effective Date 56 Section 6.024.02. Liens 93 Section 6.03. Sale and Lease-Back Transactions 96 Section 6.04. Investments, Loans and Advances 96 Section 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 98 Section 6.06. Dividends and Distributions 101 Section 6.07. Transactions with Affiliates 102 Section 6.08. Business of the Borrower and the Subsidiaries 104Each Credit Event 58 ARTICLE 5