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

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.16. Lender’s Obligation to Mitigate; Replacement of Lenders 33 Section 2.17. Judgment Currency 34 ARTICLE 3 REPRESENTATIONS AND WARRANTIES Section 3.01. Organization; Powers 35 Section 3.02. Authorization; Enforceability 35 Section 3.03. Governmental Approvals; No Conflicts 35 Section 3.04. Financial Statements; No Material Adverse Change 35 Section 3.05. Properties 36 Section 3.06. Litigation and Environmental Matters 37 Section 3.07. Compliance with Laws and Agreements 37 Section 3.08. Investment and Holding Company Status 37 Section 3.09. Taxes 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 45 Section 5.09. Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive 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 31 Section 2.1640 SECTION 2.19. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 2.1742 SECTION 2.20. Judgment Currency 34 ARTICLE 3 REPRESENTATIONS AND WARRANTIES Section Expansion Option 42 SECTION 2.21. Defaulting Lenders 44 Article III Representations and Warranties 45 SECTION 3.01. Organization; Powers 35 Section 3.02. Authorization; Enforceability 35 Section 3.03. Governmental Approvals; No Conflicts 35 Section 3.04. Financial StatementsCondition; No Material Adverse Change 35 Section 45 SECTION 3.02. Organization; Existence 46 SECTION 3.03. Power; Authorization; Enforceable Obligations 46 SECTION 3.04. Conflict 46 SECTION 3.05. Properties 36 Section No Material Litigation 46 SECTION 3.06. Litigation No 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 Environmental Matters 37 Section 3.07Letters 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 49 SECTION 3.15. Anti-Corruption Laws and Agreements 37 Section 3.08. Investment and Holding Company Status 37 Section 3.09. Taxes 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 Sanctions 50 Article IV Conditions 50 SECTION 4.01. Effective Date 39 Section 50 SECTION 4.02. Conditions To Borrowing 39 ARTICLE 5 AFFIRMATIVE COVENANTS Section Each Credit Event 51 Article V Affirmative Covenants 52 SECTION 5.01. Financial Statements and 52 SECTION 5.02. Certificates; Other Information 42 Section 5.02. Notice of Material Events 43 Section 52 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 45 Section 5.09. Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 49Notices 53

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.16. Lender’s Obligation to Mitigate69 SECTION 4.02 Taxes/Additional Payments 71 SECTION 4.03 Mitigation Obligations; Replacement of Lenders 33 Section 2.17. Judgment Currency 34 75 SECTION 4.04 Financial Assistance 76 SECTION 4.05 UK Limitation 78 ARTICLE 3 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 3.01SECTION 6.01 Organization and Qualification 87 SECTION 6.02 Authorization, Validity, Etc. Organization; Powers 35 Section 3.0287 SECTION 6.03 Governmental Consents, Etc. Authorization; Enforceability 35 Section 3.03. Governmental Approvals; 87 SECTION 6.04 No Conflicts 35 Section 3.04. Financial StatementsBreach or Violation of Law or Agreements 88 SECTION 6.05 Litigation 88 SECTION 6.06 Information; No Material Adverse Change 35 Section 3.05. 88 SECTION 6.07 Investment Company Act; Margin 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 36 Section 3.06. Litigation 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 Environmental Matters 37 Section 3.07. 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 and Agreements 37 Section 3.08. Investment 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 Status 37 Section 3.09. Taxes 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. 103 SECTION 7.13 Lender Meeting 103 SECTION 7.14 Maintenance of Properties 44 Section 5.06. Insurance 44 Section 5.07. Proper Records; Rights to Inspect and Appraise 44 Section 5.08. Compliance 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 Laws 45 Section 5.09. Affiliates 114 SECTION 8.11 Restrictive Agreements 114 SECTION 8.12 Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental 115 SECTION 8.13 Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 49to Fiscal Year 116 SECTION 8.14 Amendments to Documents Governing Certain Indebtedness 116 SECTION 8.15 Limitation on Equity Issuances 116 SECTION 8.16 Book Value of Assets 116

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 offs. 52 Section 2.162.18. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Lenders. 54 Section 2.172.19. Judgment Currency 34 ARTICLE 3 REPRESENTATIONS AND WARRANTIES Increase in the Aggregate Commitments. 55 Section 2.20. 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 65 Section 3.01. Organization; Powers 35 Powers. 65 Section 3.02. Authorization; Enforceability 35 Enforceability. 65 Section 3.03. Governmental Approvals; No Conflicts 35 Conflicts. 65 Section 3.04. Financial StatementsCondition; No Material Adverse Change 35 Change. 65 Section 3.05. Properties 36 [Reserved]. 66 Section 3.06. Litigation and Environmental Matters 37 Matters. 66 Section 3.07. Compliance with Laws and Agreements 37 Laws; Sanctions; Anti-Corruption. 66 Section 3.08. Investment and Holding Company Status 37 Status. 67 Section 3.09. Taxes 37 Taxes. 67 Section 3.10. Disclosure 38 ERISA. 67 Section 3.11. Pari Passu Status 38 Disclosure. 67 Section 3.12. Subsidiaries 38 Federal Regulations. 68 Section 3.13. Insurance 38 Purpose of Loans. 68 Section 3.14. Labor Matters 38 Section 3.15EEA Financial Institutions. Solvency 38 Section 3.16. Legal Form 38 ARTICLE 4 CONDITIONS 68 Article IV Conditions 68 Section 4.01. Effective Date 39 Closing Conditions. 68 Section 4.02. Conditions To Borrowing 39 ARTICLE 5 AFFIRMATIVE COVENANTS Each Credit Event. 70 Article V Affirmative Covenants 70 Section 5.01. Financial Statements and Other Information 42 Information. 71 Section 5.02. Notice Notices of Material Events 43 Events. 72 Section 5.03. Existence; Conduct of Business 44 Business. 73 Section 5.04. Payment of Obligations 44 Taxes. 73 Section 5.05. Maintenance of Properties 44 Properties; Insurance. 73 Section 5.06. Insurance 44 Books and Records; Inspection Rights. 73 Section 5.07. Proper Records; Rights to Inspect and Appraise 44 Compliance with Laws. 74 Section 5.08. Compliance with Laws 45 Use of Proceeds. 74 Section 5.09. Use Maintenance of Proceeds 45 Section 5.10Accreditation, Etc. Further Assurances 45 Section 5.11. 74 Article VI Negative Covenants During Bridge Period 45 74 Section 6.01. Liens 45 Indebtedness. 74 Section 6.02. Fundamental Changes 46 Liens. 75 Section 6.03. Transactions with Affiliates 47 Fundamental Changes. 77 Section 6.04. Restrictive Agreements 47 Business Activity. 78 Section 6.05. Interest Expense Coverage Ratio 48 Sanctions. 78 Section 6.06. Leverage Ratio 49 Anti-Corruption Laws; Anti-Money Laundering Laws. 78 Article VII Events of Default 78 Section 6.077.01. Subsidiary Debt 49Events of Default. 78 Article VIII The Administrative Agent 81 Section 8.01. Appointment and Authority. 81 Section 8.02. Rights as a Lender. 81 Section 8.03. Exculpatory Provisions. 82 Section 8.04. Reliance by Administrative Agent. 83 Section 8.05. Delegation of Duties. 83 Section 8.06. Resignation of Administrative Agent. 83 Section 8.07. Non-Reliance on Administrative Agent and Other Lenders. 85

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.16. Lender’s Obligation to Mitigate37 SECTION 2.17 Mitigation Obligations; Replacement of Lenders 33 Section 2.17. Judgment Currency 34 39 ARTICLE 3 REPRESENTATIONS AND WARRANTIES Section 3.01. III Representations and Warranties 41 SECTION 3.1 Organization; Powers 35 Section 3.02. 41 SECTION 3.2 Authorization; Enforceability 35 Section 3.03. 41 SECTION 3.3 Governmental Approvals; No Conflicts 35 Section 3.04. 41 SECTION 3.4 Financial StatementsCondition; No Material Adverse Change 35 Section 3.05. 42 SECTION 3.5 Properties 36 Section 3.06. 42 SECTION 3.6 Litigation and Environmental Matters 37 Section 3.07. 42 SECTION 3.7 Compliance with Laws and Agreements 37 Section 3.08. 43 SECTION 3.8 Investment and Holding Company Status 37 Section 3.09. 43 SECTION 3.9 Taxes 37 Section 3.10. 43 SECTION 3.10 ERISA 43 SECTION 3.11 Disclosure 38 Section 3.11. Pari Passu Status 38 Section 3.12. 44 SECTION 3.12 Margin Stock 44 SECTION 3.13 No Burdensome Restrictions 44 SECTION 3.14 Subsidiaries 38 Section 3.13. Insurance 38 Section 3.14. Labor Matters 38 Section 3.15. 44 SECTION 3.15 Solvency 38 Section 3.16. Legal Form 38 44 ARTICLE 4 CONDITIONS Section 4.01. IV Conditions 45 SECTION 4.1 Effective Date 39 Section 4.02. Conditions To Borrowing 39 45 SECTION 4.2 Each Credit Event 46 ARTICLE 5 AFFIRMATIVE COVENANTS Section 5.01. V Affirmative Covenants 48 SECTION 5.1 Financial Statements and Other Information 42 Section 5.02. Notice 48 SECTION 5.2 Notices of Material Events 43 Section 5.03. 49 SECTION 5.3 Existence; Conduct of Business 44 Section 5.04. 50 SECTION 5.4 Payment of Obligations 44 Section 5.05. 50 SECTION 5.5 Maintenance of Properties 44 Section 5.06. Properties; Insurance 44 Section 5.07. Proper 50 SECTION 5.6 Books and Records; Inspection Rights to Inspect and Appraise 44 Section 5.08. 50 SECTION 5.7 Compliance with Laws 45 Section 5.09. and Material Contractual Obligations 50 SECTION 5.8 Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. 51 ARTICLE VI Negative Covenants During Bridge Period 45 Section 6.01. 52 SECTION 6.1 Liens 45 Section 6.02. 52 SECTION 6.2 Fundamental Changes 46 Section 6.03. 53 SECTION 6.3 Investments, Loans, Advances, Guarantees and Acquisitions; Hedging Agreements 53 SECTION 6.4 Transactions with Affiliates 47 Section 6.04. 55 SECTION 6.5 Restrictive Agreements 47 Section 6.05. Interest Expense 55 SECTION 6.6 Fixed Charges Coverage 56 SECTION 6.7 Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary of Consolidated Debt 49to Consolidated Total Capitalization 56 SECTION 6.8 Limitation on Sales of Assets 56 ARTICLE VII Events of Default 58

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.16SECTION 2.19. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 2.17SECTION 2.20. Expansion Option SECTION 2.21. Judgment Currency 34 ARTICLE 3 REPRESENTATIONS AND WARRANTIES Section SECTION 2.22. Defaulting Lenders Article III Representations and Warranties SECTION 3.01. Organization; Powers 35 Section Powers; Subsidiaries SECTION 3.02. Authorization; Enforceability 35 Section SECTION 3.03. Governmental Approvals; No Conflicts 35 Section SECTION 3.04. Financial StatementsCondition; No Material Adverse Change 35 Section SECTION 3.05. Properties 36 Section SECTION 3.06. Litigation Litigation, Environmental and Environmental Labor Matters 37 Section SECTION 3.07. Compliance with Laws and Agreements 37 Section SECTION 3.08. Investment and Holding Company Status 37 Section SECTION 3.09. Taxes 37 Section SECTION 3.10. Disclosure 38 Section ERISA SECTION 3.11. Pari Passu Status 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 Section 40 41 42 42 44 44 44 44 44 45 45 45 45 45 SECTION 3.12. Subsidiaries 38 Section Federal Reserve Regulations 46 TABLE OF CONTENTS (continued) Page SECTION 3.13. Insurance 38 Section Liens SECTION 3.14. Labor Matters 38 Section 3.15. Solvency 38 Section 3.16. Legal Form 38 ARTICLE 4 CONDITIONS Section No Default Article IV Conditions SECTION 4.01. Effective Date 39 Section SECTION 4.02. Conditions To Borrowing 39 ARTICLE 5 AFFIRMATIVE COVENANTS Section Each Credit Event Article V Affirmative Covenants SECTION 5.01. Financial Statements and Other Information 42 Section SECTION 5.02. Notice Notices of Material Events 43 Section SECTION 5.03. Existence; Conduct of Business 44 Section SECTION 5.04. Payment of Obligations 44 Section Taxes SECTION 5.05. Maintenance of Properties 44 Section Properties; Insurance SECTION 5.06. Insurance 44 Section 5.07. Proper Books and Records; Inspection Rights to Inspect and Appraise 44 Section 5.08SECTION 5.07. Compliance with Laws 45 Section 5.09and Material Contractual Obligations SECTION 5.08. Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 49Proceeds

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Setoffs 74 Section 2.162.18. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 76 Section 2.172.19. Judgment Currency 34 Designation of Company as Each Borrowers’ Agent 77 Section 2.20. 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 3 REPRESENTATIONS AND WARRANTIES Section 3.01. Organization; Powers 35 79 Section 3.02. Authorization; Enforceability 35 79 Section 3.03. Governmental Approvals; No Conflicts 35 80 Section 3.04. Financial StatementsCondition; No Material Adverse Change 35 80 Section 3.05. Properties 36 80 Section 3.06. Litigation and Environmental Matters 37 81 Section 3.07. Compliance with Laws and Agreements 37 81 Section 3.08. Investment and Holding Company Status 37 81 Section 3.09. Taxes 37 81 Section 3.10. Disclosure 38 Employee Benefit Plans 82 Section 3.11. Pari Passu Status 38 Disclosure 82 Section 3.12. Subsidiaries 38 82 Section 3.13. Insurance 38 82 Section 3.14. Labor Matters 38 82 Section 3.15. Solvency 38 Security Documents 83 Section 3.16. Legal Form 38 Federal Reserve Regulations 84 Section 3.17. The Orders 84 ARTICLE 4 CONDITIONS Section 4.01. Effective Date 39 85 Section 4.02. Conditions To Borrowing 39 Revolving Loans 88 Section 4.03. Each Credit Event 89 Section 4.04Conditions Precedent to the Effectiveness of this Agreement; Effect of Third Amendment and Restatement 89 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 45 Section 5.09. Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 495

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.1643 SECTION 2.13. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 2.1745 SECTION 2.14. Judgment Currency 34 Defaulting Lenders 46 SECTION 2.15. Absence of Rating 47 ARTICLE 3 III 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 Section 3.0150 SECTION 4.01. Organization; Powers 35 Section 3.0250 SECTION 4.02. Authorization; Enforceability 35 Section 3.0350 SECTION 4.03. Governmental Approvals; No Conflicts 35 Section 3.0451 SECTION 4.04. Financial StatementsCondition; No Material Adverse Change 35 Section 3.0551 SECTION 4.05. Properties 36 Section 3.0651 SECTION 4.06. Litigation and Environmental Matters 37 Section 3.0752 SECTION 4.07. Compliance with Laws and Agreements 37 Section 3.0852 SECTION 4.08. Investment and Holding Company Status 37 Section 3.0952 SECTION 4.09. Taxes 37 Section 3.1052 SECTION 4.10. ERISA 52 SECTION 4.11. Disclosure 38 Section 3.1153 SECTION 4.12. Pari Passu Status 38 Section 3.12Use of Credit 53 SECTION 4.13. Subsidiaries 38 Section 3.1353 SECTION 4.14. Insurance 38 Section 3.14Withholding Taxes 54 SECTION 4.15. Labor Matters 38 Section 3.15. Solvency 38 Section 3.16Stamp Taxes 54 SECTION 4.16. Legal Form 38 54 ARTICLE 4 V 54 CONDITIONS Section 4.0154 SECTION 5.01. Effective Date 39 Section 4.0254 SECTION 5.02. Conditions To Borrowing 39 Each Credit Event 55 ARTICLE 5 VI 56 AFFIRMATIVE COVENANTS Section 5.0156 SECTION 6.01. Financial Statements and Other Information 42 Section 5.0256 SECTION 6.02. Notice Notices of Material Events 43 Section 5.0359 SECTION 6.03. Existence; Conduct Preservation of Business 44 Section 5.04Existence and Franchises 59 SECTION 6.04. Payment of Obligations 44 Section 5.05Insurance 60 SECTION 6.05. 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 45 Section 5.09. Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 4960

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 34 SECTION 2.16. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 36 SECTION 2.17. Judgment Currency 34 Defaulting Lenders 37 ARTICLE 3 III 37 REPRESENTATIONS AND WARRANTIES Section 37 SECTION 3.01. Organization; Powers 35 Section 37 SECTION 3.02. Authorization; Enforceability 35 Section 37 SECTION 3.03. Governmental Approvals; No Conflicts 35 Section 38 SECTION 3.04. Financial Statements; No Material Adverse Change 35 Section 38 SECTION 3.05. Properties 36 Section 38 SECTION 3.06. Litigation and Environmental Matters 37 Section 39 SECTION 3.07. Compliance with Laws and Agreements 37 Section 39 SECTION 3.08. No Default 39 SECTION 3.09. Investment and Holding Company Status 37 Section 3.0939 SECTION 3.10. Insurance Licenses 39 SECTION 3.11. Taxes 37 Section 3.1040 SECTION 3.12. ERISA 40 SECTION 3.13. Disclosure 38 Section 3.1140 SECTION 3.14. Pari Passu Status 38 Section 3.12Margin Regulations 40 SECTION 3.15. Indebtedness 40 SECTION 3.16. Liens 40 SECTION 3.17. Subsidiaries 38 Section 3.13. Insurance 38 Section 3.14. Labor Matters 38 Section 3.1541 SECTION 3.18. Solvency 38 Section 3.1641 SECTION 3.19. Legal Form 38 Security Documents 41 ARTICLE 4 IV 41 CONDITIONS Section 41 SECTION 4.01. Effective Date 39 Section 41 SECTION 4.02. Conditions To Borrowing 39 Each Credit Event 43 ARTICLE 5 V 44 AFFIRMATIVE COVENANTS Section 44 SECTION 5.01. Financial Statements and Other Information 42 Section 44 SECTION 5.02. Notice Notices of Material Events 43 Section 46 SECTION 5.03. Existence; Conduct of Business 44 Section 48 SECTION 5.04. Payment of Obligations 44 Section 48 SECTION 5.05. Maintenance of Properties 44 Section 48 SECTION 5.06. Insurance 44 Section Books and Records 48 SECTION 5.07. Proper Records; Inspection Rights to Inspect and Appraise 44 Section 48 SECTION 5.08. Compliance with Laws 45 Section and Contractual Obligations 48 SECTION 5.09. Insurance 48 SECTION 5.10. Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 49 SECTION 5.11. Covenants During Bridge Period 45 Section Guarantees; Release and Reinstatement 49 SECTION 5.12. Pledges; Release and Reinstatement 49 SECTION 5.13. Maintenance of Ratings 50 ARTICLE VI 50 NEGATIVE COVENANTS 50 SECTION 6.01. Liens 45 Section Indebtedness 50 SECTION 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 49Liens 54

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Setoffs 67 Section 2.16. Lender’s Obligation to Mitigate2.15 Taxes 69 Section 2.16 Mitigation Obligations; Replacement of Lenders 33 71 Section 2.17. Judgment Currency 34 2.17 Letters of Credit 75 Section 2.18 Bank Guarantees 79 Section 2.19 Incremental Facility 84 ARTICLE 3 III REPRESENTATIONS AND WARRANTIES 86 Section 3.01. 3.01 Organization; Powers 35 86 Section 3.02. 3.02 Authorization; Enforceability 35 Enforceability; Perfected Liens 86 Section 3.03. Governmental Approvals3.03 No Conflicts; No Conflicts 35 Default. 87 Section 3.04. 3.04 Financial Statements; No Material Adverse Change 35 Projections 87 Section 3.05. Properties 36 3.05 Property 88 Section 3.06. Litigation 3.06 Intellectual Property 88 Section 3.07 Equity Interests and Environmental Matters 37 Subsidiaries 89 Section 3.07. 3.08 Litigation; Compliance with Laws and Legal Requirements 89 Section 3.09 Agreements 37 89 Section 3.083.10 Federal Reserve Regulations 90 Section 3.11 Investment Company Act, etc. Investment and Holding Company Status 37 90 Section 3.09. Taxes 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 45 Section 5.09. 3.12 Use of Proceeds 45 90 Section 5.103.13 Taxes 90 Section 3.14 No Material Misstatements. Further Assurances 45 90 Section 5.113.15 Labor Matters 91 Section 3.16 Solvency 91 Section 3.17 Employee Benefit Plans 91 Section 3.18 Environmental Matters 92 Section 3.19 Insurance 92 Section 3.20 Anti-Terrorism Law; Sanctions; Anti-Corruption Law 92 Section 3.21 Concerning Rigs 93 Section 3.22 Form of Documentation; Citizenship 94 Section 3.23 Intercreditor Agreement 94 Section 3.24 Beneficial Ownership Certification 94 ARTICLE IV CONDITIONS TO CREDIT EXTENSIONS 94 Section 4.01 Conditions to Initial Credit Extension 94 Section 4.02 Conditions to All Credit Extensions 98 ARTICLE V AFFIRMATIVE COVENANTS 98 Section 5.01 Financial Statements, Reports, etc. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 4999

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.1637 SECTION 2.19. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 2.1738 SECTION 2.20. Increase of Commitments 39 SECTION 2.21. Market Disruption 40 SECTION 2.22. Judgment Currency 34 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 3 REPRESENTATIONS AND WARRANTIES Section III Representations and Warranties 43 SECTION 3.01. Organization; Powers 35 Section Existence and Power 43 SECTION 3.02. Authorization; Enforceability 35 Section Authority 43 Table of Contents (continued) Page SECTION 3.03. Governmental Approvals; No Conflicts 35 Section Binding Agreements 43 SECTION 3.04. Financial Statements; No Material Adverse Change 35 Section Litigation 43 SECTION 3.05. Properties 36 Section No Conflicting Agreements 44 SECTION 3.06. Litigation and Taxes 44 SECTION 3.07. Governmental Regulations 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 37 Section 3.0745 SECTION 3.12. Compliance with Laws and Agreements 37 Section 3.08Financial Statements 46 SECTION 3.13. Investment and Material Subsidiaries; Capital Stock 46 SECTION 3.14. Holding Company Status 37 Section 3.09. Taxes 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 46 ARTICLE 4 CONDITIONS Section IV Conditions 46 SECTION 4.01. Effective Date 39 Section 46 SECTION 4.02. Conditions To Borrowing 39 Each Credit Event 47 SECTION 4.03. Designation of a Foreign Subsidiary Borrower 48 ARTICLE 5 AFFIRMATIVE COVENANTS Section V Affirmative Covenants 49 SECTION 5.01. Legal Existence 49 SECTION 5.02. Taxes 49 SECTION 5.03. Insurance 49 SECTION 5.04. Performance of Obligations 49 SECTION 5.05. Condition of Property 49 SECTION 5.06. Observance of Legal Requirements 49 SECTION 5.07. 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 50 SECTION 5.08. Compliance with Laws 45 Section Records 51 SECTION 5.09. Use of Proceeds 45 Section Authorizations 51 SECTION 5.10. Further Assurances 45 Section Disaster Recovery Program 51 SECTION 5.11. Subsidiary Guaranty 52 ARTICLE VI Negative Covenants During Bridge Period 45 Section 53 SECTION 6.01. Liens 45 Section Subsidiary Indebtedness 53 SECTION 6.02. Fundamental Changes 46 Section Liens 53 SECTION 6.03. Asset Sales 55 SECTION 6.04. Mergers and Acquisitions 55 SECTION 6.05. Pari Passu Obligations 56 SECTION 6.06. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 56 SECTION 6.07. Restricted Payments 56 SECTION 6.08. 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 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 Debt 49Agreement 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 FOREIGN 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 83 SECTION 2.18. Mitigation Obligations; Replacement of Lenders. 85 SECTION 2.19. Certain Fees. 86 SECTION 2.20. 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-offs 31 Section 2.16Off. Lender’s Obligation to Mitigate87 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; Replacement Extension of Lenders 33 Section 2.17the Revolving Facility. Judgment Currency 34 ARTICLE 3 95 Article III REPRESENTATIONS AND WARRANTIES Section SECTION 3.01. Organization; Powers 35 Section Organization and Authority. 100 SECTION 3.02. Authorization; Enforceability 35 Section Air Carrier Status. 100 SECTION 3.03. Governmental Approvals; No Conflicts 35 Section Due Execution. 100 SECTION 3.04. Statements Made. 101 SECTION 3.05. Financial Statements; No Material Adverse Change 35 Section 3.05Change. Properties 36 Section 102 SECTION 3.06. Ownership of Subsidiaries. 102 SECTION 3.07. Liens. 102 SECTION 3.08. Use of Proceeds. 102 SECTION 3.09. Litigation and Environmental Matters 37 Section 3.07Compliance with Laws. 102 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 and Agreements 37 Section 3.08Anti-Money Laundering Laws. Investment and Holding Company Status 37 Section 3.09105 SECTION 3.19. Taxes 37 Section 3.10Solvency. 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 4 105 Article IV 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 45 Section 5.09. Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 49OF LENDING

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.16. Lender’s Obligation to Mitigate27 2.17 Currency Indemnity 29 2.18 Mitigation Obligations; Replacement of Lenders 33 Section 2.17. Judgment Currency 34 29 ARTICLE 3 REPRESENTATIONS AND WARRANTIES Section 3.01. 30 3.1 Organization; Powers 35 Section 3.02. 30 3.2 Authorization; Enforceability 35 Section 3.03. 31 3.3 Governmental Approvals; No Conflicts 35 Section 3.04. 31 3.4 Financial StatementsCondition; No Material Adverse Change 35 Section 3.05. Properties 36 Section 3.06. Effect 31 3.5 Litigation and Environmental Matters 37 Section 3.07. 32 3.6 Compliance with Laws and Agreements 37 Section 3.0832 TABLE OF CONTENTS (continued) Page 3.7 Taxes 32 3.8 Titles to Assets. 32 3.9 Disclosure 33 3.10 Defaults 33 3.11 Casualties; Taking of Properties 33 3.12 Subsidiaries 33 3.13 Insurance 33 3.14 Solvency 33 3.15 Environmental Matters 33 3.16 Fiscal Year 35 3.17 Intellectual Property Rights 35 3.18 Investment and Holding Company Status 37 Section 3.09. Taxes 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 35 3.19 ERISA 35 3.20 Arrangement Agreement 35 ARTICLE 4 CONDITIONS Section 4.01. 36 4.1 Effective Date 39 Section 4.02. 36 4.2 Confirmation of Satisfaction of Pre-Closing Conditions To Borrowing 39 ARTICLE 5 AFFIRMATIVE COVENANTS Section 5.01. 40 5.1 Financial Statements and Other Information 42 Section 5.02. Notice of Material Events 43 Section 5.03. 40 5.2 Existence; Conduct of Business 44 Section 5.04. 42 5.3 Payment of Obligations 44 Section 5.05. 42 5.4 Maintenance of Properties 44 Section 5.06. Insurance 44 Section 5.07. Proper 42 5.5 Books and Records; Inspection Rights to Inspect and Appraise 44 Section 5.08. 42 5.6 Compliance with Laws 45 Section 5.09. Use of Proceeds 45 Section 5.10. 43 5.7 Further Assurances 43 5.8 Insurance 43 5.9 Operation and Maintenance of 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 Section 5.11. Covenants During Bridge Period 5.16 Completion of Acquisition 45 Section 6.01. Liens 5.17 Purchased Royalty 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 49ARTICLE 6 NEGATIVE COVENANTS 45

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 46 Section 2.162.19. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 47 Section 2.172.20. Judgment Currency 34 Illegality 48 Section 2.21. Exchange Notes 48 Section 2.22. Change of Control 49 ARTICLE 3 REPRESENTATIONS AND WARRANTIES III Representations and Warranties Section 3.01. Organization; Powers 35 50 Section 3.02. Authorization; Enforceability 35 Authorization 51 Section 3.03. Governmental Approvals; No Conflicts 35 Enforceability 51 Section 3.04. Governmental Approvals 51 Section 3.05. Financial Statements; Statements 51 Section 3.06. No Material Adverse Change 35 Section 3.05. Properties 36 Section 3.06. Litigation and Environmental Matters 37 Effect 51 Section 3.07. Title to Properties; Possession Under Leases 51 Section 3.08. Subsidiaries 52 Section 3.09. Litigation; Compliance with Laws and Agreements 37 Section 3.08. Investment and Holding Company Status 37 Section 3.09. Taxes 37 52 Section 3.10. Disclosure 38 Federal Reserve Regulations 52 Section 3.11. Pari Passu Status 38 Investment Company Act 53 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 45 Section 5.09. Use of Proceeds 45 53 Page Section 5.103.13. Further Assurances 45 Tax Returns 53 Section 5.113.14. Covenants During Bridge Period 45 No Material Misstatements 53 Section 6.013.15. Liens 45 Employee Benefit Plans 54 Section 6.023.16. Fundamental Changes 46 Environmental Matters 54 Section 6.033.17. Transactions with Affiliates 47 Security Documents 54 Section 6.043.18. Restrictive Agreements 47 Location of Real Property and Leased Premises 55 Section 6.053.19. Interest Expense Coverage Ratio 48 Solvency 56 Section 6.063.20. Leverage Ratio 49 Labor Matters 56 Section 6.073.21. Subsidiary Debt 49Insurance 56 Section 3.22. 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 57 ARTICLE IV

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section Setoffs 38 SECTION 2.16. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 39 SECTION 2.17. Judgment Currency 34 Defaulting Lenders 40 ARTICLE 3 REPRESENTATIONS AND WARRANTIES Section III Representations and Warranties SECTION 3.01. Organization; Powers 35 Section Organization and Qualification 41 SECTION 3.02. Authorization; Enforceability 35 Section Subsidiaries 41 SECTION 3.03. Governmental Approvals; No Conflicts 35 Section Corporate Authority and Validity of Obligations 41 SECTION 3.04. Margin Stock 42 SECTION 3.05. Financial Statements; Reports 42 SECTION 3.06. No Material Adverse Change 35 Section 3.0542 SECTION 3.07. Litigation 42 SECTION 3.08. Tax Returns 43 SECTION 3.09. Approvals 43 SECTION 3.10. ERISA 43 SECTION 3.11. Environmental Matters 43 SECTION 3.12. Properties 36 Section 3.06. Litigation and Environmental Matters 37 Section 3.0743 SECTION 3.13. Compliance with Laws and Agreements 37 Section 3.0844 SECTION 3.14. Investment and Holding Company Status 37 Section 3.09. Taxes 37 Section 3.1044 SECTION 3.15. 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 44 ARTICLE 4 CONDITIONS Section IV Conditions SECTION 4.01. Effective Date 39 Section 44 SECTION 4.02. Conditions To Each Borrowing 39 46 ARTICLE 5 AFFIRMATIVE COVENANTS Section 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 Statements Reports 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 47 SECTION 5.06. Insurance 44 Section 5.07. Proper Books and Records; Inspection Rights to Inspect and Appraise 44 Section 5.0848 SECTION 5.07. Compliance with Laws 45 Section 5.0948 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 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 51 SECTION 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 4951 ARTICLE VII Events of Default ARTICLE VIII The Administrative Agent

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 40 Section 2.162.17. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 41 Section 2.172.18. Judgment Currency 34 Letters of Credit 42 Section 2.19. Competitive Bid Procedure 47 Section 2.20. Increase of Commitments 49 Section 2.21. Extension of Maturity 51 Section 2.22. Regulation D Compensation 52 ARTICLE 3 REPRESENTATIONS AND WARRANTIES Section 3.01. Organization; Powers 35 53 Section 3.02. Authorization; Enforceability 35 53 Section 3.03. Governmental Approvals; No Conflicts 35 53 Section 3.04. Financial StatementsCondition; No Material Adverse Change 35 54 Section 3.05. Properties 36 54 Section 3.06. Litigation and Environmental Matters 37 54 Section 3.07. Compliance with Laws and Agreements 37 55 Section 3.08. Investment and Holding Company Status 37 55 Section 3.09. Taxes 37 55 Section 3.10. Disclosure 38 ERISA 55 Section 3.11. Pari Passu Status 38 Disclosure 55 Section 3.12. Subsidiaries 38 Margin Stock 56 Section 3.13. Insurance 38 No Burdensome Restrictions 56 Section 3.14. Labor Matters 38 Subsidiaries 56 Section 3.15. Solvency 38 Section 3.16. Legal Form 38 56 ARTICLE 4 CONDITIONS TO FUNDING Section 4.01. Effective Date 39 56 Section 4.02. Conditions To Borrowing 39 Each Credit Event 58 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 45 Section 5.09. Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 495

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.1658 SECTION 2.19. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 2.1760 SECTION 2.20. Judgment Currency 34 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 3 REPRESENTATIONS AND WARRANTIES Section III Representations and Warranties SECTION 3.01. Organization; Powers 35 Section Organization and Qualification 65 SECTION 3.02. Authorization; Enforceability 35 Section Subsidiaries 65 SECTION 3.03. Governmental Approvals; No Conflicts 35 Section Corporate Authority and Validity of Obligations 65 SECTION 3.04. Margin Stock 66 SECTION 3.05. Financial Statements; Reports 66 SECTION 3.06. No Material Adverse Change 35 Section 3.0566 SECTION 3.07. Litigation 66 SECTION 3.08. Tax Returns 67 SECTION 3.09. Approvals 67 SECTION 3.10. ERISA 67 SECTION 3.11. Environmental Matters 67 SECTION 3.12. Properties 36 Section 3.06. Litigation and Environmental Matters 37 Section 3.0767 SECTION 3.13. Compliance with Laws and Agreements 37 Section 3.0868 SECTION 3.14. Investment and Holding Company Status 37 Section 3.09. Taxes 37 Section 3.1068 SECTION 3.15. 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 68 ARTICLE 4 CONDITIONS Section IV Conditions SECTION 4.01. Effective Date 39 Section 69 SECTION 4.02. Conditions To Each Borrowing 39 70 SECTION 4.03. Initial Extension of Credit to each Borrowing Subsidiary 70 ARTICLE 5 AFFIRMATIVE COVENANTS Section 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 5.05. Financial Statements Reports 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 72 SECTION 5.06. Insurance 44 Section 5.07. Proper Books and Records; Inspection Rights to Inspect and Appraise 44 Section 5.0873 SECTION 5.07. Compliance with Laws 45 Section 5.0973 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 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 75 SECTION 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 4976 ARTICLE VII Events of Default ARTICLE VIII The Administrative Agent ARTICLE IX Guarantee ARTICLE X

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.1650 SECTION 2.21. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 2.1752 SECTION 2.22. Judgment Currency 34 Defaulting Lenders 53 SECTION 2.23. Absence of Rating 54 ARTICLE 3 III 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 Section 3.0157 SECTION 4.01. Organization; Powers 35 Section 3.0257 SECTION 4.02. Authorization; Enforceability 35 Section 3.0357 SECTION 4.03. Governmental Approvals; No Conflicts 35 Section 3.0458 SECTION 4.04. Financial StatementsCondition; No Material Adverse Change 35 Section 3.0558 SECTION 4.05. Properties 36 Section 3.0658 SECTION 4.06. Litigation and Environmental Matters 37 Section 3.0759 SECTION 4.07. Compliance with Laws and Agreements 37 Section 3.0859 SECTION 4.08. Investment and Holding Company Status 37 Section 3.0959 SECTION 4.09. Taxes 37 Section 3.1059 SECTION 4.10. ERISA 59 SECTION 4.11. Disclosure 38 Section 3.1160 SECTION 4.12. Pari Passu Status 38 Section 3.12Use of Credit 60 SECTION 4.13. Subsidiaries 38 Section 3.1360 SECTION 4.14. Insurance 38 Section 3.14Withholding Taxes 61 SECTION 4.15. Labor Matters 38 Section 3.15. Solvency 38 Section 3.16Stamp Taxes 61 SECTION 4.16. Legal Form 38 61 ARTICLE 4 V 61 CONDITIONS Section 4.0161 SECTION 5.01. Effective Date 39 Section 4.0261 SECTION 5.02. Conditions To Borrowing 39 Each Credit Event 63 ARTICLE 5 VI 63 AFFIRMATIVE COVENANTS Section 5.0163 SECTION 6.01. Financial Statements and Other Information 42 Section 5.0263 SECTION 6.02. Notice Notices of Material Events 43 Section 5.0366 SECTION 6.03. Existence; Conduct Preservation of Business 44 Section 5.04Existence and Franchises 66 SECTION 6.04. Payment of Obligations 44 Section 5.05Insurance 66 SECTION 6.05. Maintenance of Properties 44 Section 5.0667 SECTION 6.06. Insurance 44 Section 5.07Payment of Taxes and Other Potential Charges and Priority Claims; Payment of Other Current Liabilities 67 SECTION 6.07. Proper Records; Rights to Inspect and Appraise 44 Section 5.08Financial Accounting Practices 67 SECTION 6.08. Compliance with Applicable Laws 45 Section 5.0968 SECTION 6.09. Use of Letters of Credit and Proceeds 45 Section 5.1068 SECTION 6.10. Further Assurances 45 Section 5.11Continuation of and Change in Businesses 68 SECTION 6.11. Covenants During Bridge Period 45 Section 6.01Visitation 68 ARTICLE VII 68 NEGATIVE COVENANTS 68 SECTION 7.01. Mergers 68 SECTION 7.02. Dispositions 69 SECTION 7.03. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.0370 SECTION 7.04. Transactions with Affiliates 47 Section 6.0472 SECTION 7.05. Restrictive Agreements 47 Section 6.05Ratio 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 Expense Coverage Ratio 48 Section 6.06Election 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 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 Guarantors being collectively referred to as the “Obligors”), the LENDERS party hereto, and JPMORGAN CHASE BANK, N.A., as Administrative Agent. Leverage Ratio 49 Section 6.07The 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. Subsidiary Debt 49Accordingly, the parties hereto agree as follows:

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.16offs. Lender’s Obligation to Mitigate52 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 33 Section 2.17. Judgment Currency 34 57 SECTION 2.23 Incremental Revolving Commitments 59 SECTION 2.24 Extension of Commitment Termination Date 60 ARTICLE 3 III REPRESENTATIONS AND WARRANTIES Section 3.01. 61 SECTION 3.01 Organization; Powers 35 Section 3.02. 62 SECTION 3.02 Authorization; Enforceability 35 Section 3.03. 62 SECTION 3.03 Governmental Approvals; No Conflicts 35 Section 3.04. 62 SECTION 3.04 Financial StatementsCondition; No Material Adverse Change 35 Section 3.05Change. Properties 36 Section 3.0662 SECTION 3.05 Properties. 63 SECTION 3.06 Litigation and Environmental Matters 37 Section 3.07Matters. 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 and Agreements 37 Section 3.08. Investment 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 Holding Company Status 37 Section 3.09. Taxes 37 Section 3.10. Disclosure 38 Section 3.11. Pari Passu Status 38 Section 3.12. Subsidiaries 38 Section 3.13. 65 SECTION 3.18 Insurance 38 Section 3.14. Labor 65 SECTION 3.19 Employment Matters 38 Section 3.15. Solvency 38 Section 3.16. Legal Form 38 65 SECTION 3.20 Anti-Terrorism Laws; Anti-Corruption Laws and Sanctions 65 SECTION 3.21 EEA Financial Institutions 65 ARTICLE 4 IV CONDITIONS Section 4.01. 65 SECTION 4.01 Effective Date 39 Section 4.02. Conditions To Borrowing 39 65 SECTION 4.02 Each Credit Event 67 ARTICLE 5 V AFFIRMATIVE COVENANTS Section 5.01. 68 SECTION 5.01 Financial Statements and Other Information 42 Section 5.02. Notice 68 SECTION 5.02 Notices of Material Events 43 Section 5.03. 70 SECTION 5.03 Existence; Conduct of Business 44 Section 5.04. Payment of 70 SECTION 5.04 Taxes and Other Obligations 44 Section 5.05. 70 SECTION 5.05 Maintenance of Properties 44 Section 5.06. Properties; Insurance 44 Section 5.07. Proper 71 SECTION 5.06 Books and Records; Inspection Rights to Inspect and Appraise 44 Section 5.08. 71 SECTION 5.07 Compliance with Laws 45 Section 5.09and Obligations. 71 SECTION 5.08 Use of Proceeds 45 Section 5.10. and Letters of Credit 71 SECTION 5.09 Governmental Authorizations 72 SECTION 5.10 Maintenance of Ratings 72 SECTION 5.11 Additional Guarantors; Further Assurances 45 Section 5.1172 ARTICLE VI NEGATIVE COVENANTS 72 SECTION 6.01 Indebtedness. Covenants During Bridge Period 45 Section 6.0173 SECTION 6.02 Liens 75 SECTION 6.03 Fundamental Changes. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. 77 SECTION 6.04 Dispositions 77 SECTION 6.05 Transactions with Affiliates 47 Section 6.0478 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 47 Section 6.0582 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. Interest Expense Coverage Ratio 48 Section 6.0693 SECTION 10.03 Expenses; Indemnity; Damage Waiver. Leverage Ratio 49 Section 6.0795 SECTION 10.04 Successors and Assigns. Subsidiary Debt 4996 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 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. 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 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 LENDERS 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 31 Section 2.1640 SECTION 2.19. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 2.1741 SECTION 2.20. Judgment Currency 34 Defaulting Lenders 42 SECTION 2.21. Guaranties 44 ARTICLE 3 REPRESENTATIONS AND WARRANTIES Section III Representations and Warranties 44 SECTION 3.01. Organization; Powers 35 Section 44 SECTION 3.02. Authorization; Enforceability 35 Section 44 SECTION 3.03. Governmental Approvals; No Conflicts 35 Section 44 SECTION 3.04. Financial StatementsCondition; No Material Adverse Change 35 Section 44 SECTION 3.05. Properties 36 Section 45 SECTION 3.06. Litigation and Environmental Matters 37 Section 45 SECTION 3.07. Compliance with Laws and Agreements 37 Section 46 SECTION 3.08. Investment and Holding Company Status 37 Section 46 SECTION 3.09. Taxes 37 Section 46 SECTION 3.10. Disclosure 38 Section ERISA 46 SECTION 3.11. Pari Passu Status 38 Section Disclosure 46 SECTION 3.12. Subsidiaries 38 Section Insurance Licenses 46 SECTION 3.13. Insurance 38 Section 3.14. Labor Matters 38 Section 3.15. Solvency 38 Section 3.16. Legal Form 38 Business 47 ARTICLE 4 CONDITIONS Section IV Conditions 47 SECTION 4.01. Effective Date 39 Section 47 SECTION 4.02. Conditions To Borrowing 39 Each Credit Event 48 ARTICLE 5 AFFIRMATIVE COVENANTS Section V Affirmative Covenants 48 SECTION 5.01. Financial Statements Statements; Ratings Change and Other Information 42 Section 48 SECTION 5.02. Notice Notices of Material Events 43 Section 49 SECTION 5.03. Existence; Conduct of Business 44 Section 50 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 45 Section 5.09. Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 4950

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.16. Lender’s Obligation to Mitigate50 SECTION 2.18 Mitigation of Obligations; Replacement of Lenders 33 Section 2.17. Judgment Currency 34 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 3 III 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 Section 3.01. Organization; Powers 35 Section 3.02. 5859 SECTION 4.01 Organization and Qualification 5859 i Revolving Credit Facility SECTION 4.02 Authorization; Enforceability 35 Section 3.03. , Validity, Etc 59 SECTION 4.03 Governmental Approvals; Consents, Etc 59 SECTION 4.04 No Conflicts 35 Section 3.04. Financial Statements; No Material Adverse Change 35 Section 3.05. Breach or Violation of Agreements or Restrictions, Etc 5960 SECTION 4.05 Properties 36 Section 3.06. 5960 SECTION 4.06 Litigation and Environmental Matters 37 Section 3.07. 5960 SECTION 4.07 Financial Statements 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 and Agreements 37 Section 3.086061 SECTION 4.13 Purpose of Loans 6061 SECTION 4.14 Foreign Assets Control Regulations, etc. Investment and Holding Company Status 37 Section 3.0962 SECTION 4.15 Solvency. Taxes 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 6263 ARTICLE 4 CONDITIONS Section 4.01. Effective Date 39 Section 4.02. Conditions To Borrowing 39 ARTICLE 5 V AFFIRMATIVE COVENANTS Section 5.01. 6263 SECTION 5.01 Financial Statements and Other Information 42 Section 5.02. Notice of Material Events 43 Section 5.03. 6263 SECTION 5.02 Existence; , Conduct of Business 44 Section 5.04. 6465 SECTION 5.03 Payment of Obligations 44 Section 5.05. 65 SECTION 5.04 Maintenance of Properties 44 Section 5.06. Properties; Insurance 44 Section 5.07. Proper 65 SECTION 5.05 Books and Records; Inspection Rights to Inspect and Appraise 44 Section 5.08. 6566 SECTION 5.06 Compliance with Laws 45 Section 5.09. 6566 SECTION 5.07 Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. 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 45 Section 6.02. 67 SECTION 6.03 Fundamental Changes 46 Section 6.03. 6768 SECTION 6.04 Restricted Payments 68 SECTION 6.05 Transactions with Affiliates 47 Section 6.04. 68 SECTION 6.06 Restrictive Agreements 47 Section 6.0569 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 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 Reliance on Agents or other Lenders 7576 SECTION 8.10 Duties of the Syndication Agent, Documentation Agents, Arrangers 76 SECTION 8.11 Certain ERISA Matters 76 SECTION 8.12 Erroneous Payments. 7778 ARTICLE IX MISCELLANEOUS 7879 SECTION 9.01 Notices, Etc. 7879 SECTION 9.02 Waivers; Amendments; Releases 80 SECTION 9.03 Payment of Expenses, Indemnities, etc. 8182 SECTION 9.04 Successors and Assigns Generally 8485 SECTION 9.05 Assignments by Lenders 8485 SECTION 9.06 Survival; 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 Service of Process 8990 SECTION 9.11 WAIVER OF JURY TRIAL 9091 SECTION 9.12 Confidentiality 9091 SECTION 9.13 Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 49Rate 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 Consent to Bail-In of Affected Institutions 9293 iii Revolving Credit Facility SCHEDULES: Schedule 1.01 Commitments Schedule 1.01A Excluded Subsidiaries Schedule 1.01B Existing Letters of Credit Schedule 1.01C Existing LC Subsidiaries Schedule 6.01 Existing Non-Guarantor Indebtedness Schedule 6.05 Existing Transactions with Affiliates Schedule 6.06 Existing Restrictive Agreements EXHIBITS: Exhibit 1.01-A Form of Assignment and Acceptance 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 31 Section 2.1628 SECTION 2.21. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 2.1729 SECTION 2.22. Judgment Currency 34 Defaulting Lenders 30 ARTICLE 3 III 32 Reserved 32 ARTICLE IV 32 REPRESENTATIONS AND WARRANTIES Section 3.0132 SECTION 4.01. Organization; Powers 35 Section 3.0232 SECTION 4.02. Authorization; Enforceability 35 Section 3.0332 SECTION 4.03. Governmental Approvals; No Conflicts 35 Section 3.0432 SECTION 4.04. Financial StatementsCondition; No Material Adverse Change 35 Section 3.0532 SECTION 4.05. Properties 36 Section 3.0633 SECTION 4.06. Litigation and Environmental Matters 37 Section 3.0733 SECTION 4.07. Compliance with Laws and Agreements 37 Section 3.0833 SECTION 4.08. Investment and Holding Company Status 37 Section 3.0934 SECTION 4.09. Taxes 37 Section 3.1034 SECTION 4.10. ERISA 34 SECTION 4.11. Disclosure 38 Section 3.1134 SECTION 4.12. Pari Passu Status 38 Section 3.12Use of Credit 34 SECTION 4.14. Subsidiaries 38 Section 3.13Withholding Taxes 35 SECTION 4.15. Insurance 38 Section 3.14. Labor Matters 38 Section 3.15. Solvency 38 Section 3.16Stamp Taxes 35 SECTION 4.16. Legal Form 38 35 ARTICLE 4 V 35 CONDITIONS Section 4.0135 SECTION 5.01. Effective Date 39 Section 4.02. Conditions To Borrowing 39 ARTICLE 5 AFFIRMATIVE COVENANTS Section 5.01. Financial Statements and Other Information 42 Section 35 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. 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 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 VII 40 RESERVED 40 ARTICLE VIII 40 EVENTS OF DEFAULT 40 ARTICLE IX 42 THE ADMINISTRATIVE AGENT 42 ARTICLE X 44 Section 5.06MISCELLANEOUS 44 SECTION 10.01. Insurance Notices 44 Section 5.07SECTION 10.02. Proper RecordsWaivers; Rights Amendments 45 SECTION 10.03. Expenses; Indemnity; Damage Waiver 46 SECTION 10.04. Successors and Assigns 47 SECTION 10.05. Survival 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, 2013 (as amended, restated, supplemented or otherwise modified from time to Inspect time, this “Agreement”), among XLIT LTD., an exempted company incorporated in the Cayman Islands with limited liability (the “Company”), the LENDERS party hereto, and Appraise 44 Section 5.08CITICORP USA, INC., as Administrative Agent and Issuing Lender. Compliance with Laws 45 Section 5.09The 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, and the Issuing Lender and Lenders are prepared to issue such letters of credit and make such loans upon the terms and conditions hereof. Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 49Accordingly, the parties hereto agree as follows:

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.16. Lender’s Obligation to Mitigate2.16 Mitigation Obligations; Replacement of Lenders 33 22 ARTICLE III Representations and Warranties 23 Section 2.17. Judgment Currency 34 ARTICLE 3 REPRESENTATIONS AND WARRANTIES Section 3.01. 3.01 Organization; Powers 35 23 Section 3.02. 3.02 Authorization; Enforceability 35 23 Section 3.03. 3.03 Governmental Approvals; No Conflicts 35 23 Section 3.04. 3.04 Financial StatementsCondition; No Material Adverse Change 35 23 Section 3.05. 3.05 Properties 36 23 Section 3.06. 3.06 Litigation and Environmental Matters 37 24 Section 3.07. 3.07 Compliance with Laws and Agreements 37 24 Section 3.08. 3.08 Investment and Holding Company Status 37 24 Section 3.09. 3.09 Taxes 37 24 Section 3.10. 3.10 ERISA 24 Section 3.11 Disclosure 38 25 Section 3.11. Pari Passu Status 38 3.12 Federal Regulations 25 Section 3.12. 3.13 Purpose of Loans 25 Section 3.14 Subsidiaries 38 and Significant Subsidiaries 25 ARTICLE IV Conditions 25 Section 3.13. Insurance 38 4.01 Closing Conditions 25 Section 3.14. Labor Matters 38 4.03 Each Credit Event 26 i ARTICLE V Affirmative Covenants 27 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. 5.01 Financial Statements and Other Information 42 27 Section 5.02. Notice 5.02 Notices of Material Events 43 28 Section 5.03. 5.03 Existence; Conduct of Business 44 28 Section 5.04. 5.04 Payment of Obligations 44 28 Section 5.05. 5.05 Maintenance of Properties 44 Properties; Insurance 28 Section 5.06. Insurance 44 Section 5.07. Proper 5.06 Books and Records; Inspection Rights to Inspect and Appraise 44 29 Section 5.08. 5.07 Compliance with Laws 45 29 Section 5.09. 5.08 Use of Proceeds 45 29 Section 5.105.09 Maintenance of Accreditation, Etc. Further Assurances 45 29 Section 5.11. 5.10 Additional Subsidiary Guarantors 29 ARTICLE VI Negative Covenants During Bridge Period 45 29 Section 6.01. 6.01 Consolidated Tangible Net Worth 29 Section 6.02 Indebtedness 29 Section 6.03 Liens 45 30 Section 6.02. 6.04 Fundamental Changes 46 30 Section 6.03. 6.05 Transactions with Affiliates 47 31 Section 6.04. 6.06 Restrictive Agreements 47 31 Section 6.05. Interest Expense Coverage Ratio 48 6.07 Business Activity 31 Section 6.06. Leverage Ratio 49 6.08 Restricted Payments 31 ARTICLE VII Events of Default 32 ARTICLE VIII The Administrative Agent 33 ARTICLE IX Miscellaneous 35 Section 6.07. Subsidiary Debt 499.01 Notices 35 Section 9.02 Waivers; Amendments 35 Section 9.03 Expenses; Indemnity; Damage Waiver 36 Section 9.04 Successors and 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 and 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 31 Section 2.1628 SECTION 2.21. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 2.1729 SECTION 2.22. Judgment Currency 34 Defaulting Lenders 30 ARTICLE 3 III 32 Reserved 32 ARTICLE IV 32 REPRESENTATIONS AND WARRANTIES Section 3.0132 SECTION 4.01. Organization; Powers 35 Section 3.0232 SECTION 4.02. Authorization; Enforceability 35 Section 3.0332 SECTION 4.03. Governmental Approvals; No Conflicts 35 Section 3.0432 SECTION 4.04. Financial StatementsCondition; No Material Adverse Change 35 Section 3.0532 SECTION 4.05. Properties 36 Section 3.0633 SECTION 4.06. Litigation and Environmental Matters 37 Section 3.0733 SECTION 4.07. Compliance with Laws and Agreements 37 Section 3.0833 SECTION 4.08. Investment and Holding Company Status 37 Section 3.0934 SECTION 4.09. Taxes 37 Section 3.1034 SECTION 4.10. ERISA 34 SECTION 4.11. Disclosure 38 Section 3.1134 SECTION 4.12. Pari Passu Status 38 Section 3.12Use of Credit 34 SECTION 4.14. Subsidiaries 38 Section 3.13Withholding Taxes 35 SECTION 4.15. Insurance 38 Section 3.14. Labor Matters 38 Section 3.15. Solvency 38 Section 3.16Stamp Taxes 35 SECTION 4.16. Legal Form 38 35 ARTICLE 4 V 35 CONDITIONS Section 4.0135 SECTION 5.01. Effective Date 39 Section 4.02. Conditions To Borrowing 39 ARTICLE 5 AFFIRMATIVE COVENANTS Section 5.01. Financial Statements and Other Information 42 Section 35 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. 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 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 VII 40 RESERVED 40 ARTICLE VIII 40 EVENTS OF DEFAULT 40 ARTICLE IX 42 THE ADMINISTRATIVE AGENT 42 ARTICLE X 44 Section 5.06MISCELLANEOUS 44 SECTION 10.01. Insurance Notices 44 Section 5.07SECTION 10.02. Proper RecordsWaivers; Rights Amendments 45 SECTION 10.03. Expenses; Indemnity; Damage Waiver 46 SECTION 10.04. Successors and Assigns 47 SECTION 10.05. Survival 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, 2013 (as amended, restated, supplemented or otherwise modified from time to Inspect time, this “Agreement”), among XLIT LTD., an exempted company incorporated in the Cayman Islands with limited liability (the “Company”), the LENDERS party hereto, and Appraise 44 Section 5.08CITICORP USA, INC., as Administrative Agent and Issuing Lender. Compliance with Laws 45 Section 5.09The 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, and the Issuing Lender and Lenders are prepared to issue such letters of credit and make such loans upon the terms and conditions hereof. Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 49Accordingly, the parties hereto agree as follows:

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Set Off 14 Section 2.16. Lender’s Obligation to Mitigate2.12 Taxes 16 Section 2.13 Mitigation Obligations; Replacement of Lenders 33 18 Section 2.172.14 Defaulting Lenders 19 Section 2.15 Usury Recapture 21 Section 2.16 Allocation 22 ARTICLE III. Judgment Currency 34 CONDITIONS 22 Section 3.1 Conditions to the Making of the First Advance 22 Section 3.2 Conditions to All Credit Extensions 25 ARTICLE 3 IV. REPRESENTATIONS AND WARRANTIES 26 Section 3.01. Organization4.1 Existence 26 Section 4.2 Power 27 Section 4.3 Authorization and Approvals 27 Section 4.4 Enforceable Obligations 27 Section 4.5 Financial Reporting 27 Section 4.6 True and Complete Disclosure 28 Section 4.7 Litigation; Powers 35 Section 3.02. Authorization; Enforceability 35 Section 3.03. Governmental Approvals; No Conflicts 35 Section 3.04. Financial Statements; No Material Adverse Change 35 Section 3.05. Properties 36 Section 3.06. Litigation and Environmental Matters 37 Section 3.07. Compliance with Laws and Agreements 37 28 Section 3.08. Investment and Holding Company Status 37 Section 3.09. Taxes 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 45 Section 5.09. 4.8 Use of Proceeds 29 Section 4.9 Investment Company Act 29 Section 4.10 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 42 Section 5.10 Title Evidence and Opinions 42 Section 5.11 Further Assurances; Cure of Title Defects 43 Section 5.12 Additional Collateral; Additional Guarantors 43 Section 5.13 Leases; Development and Maintenance 44 Section 5.14 Litigation and Other Notices 45 Section 5.10. Further Assurances 5.15 Employee Benefits 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 5.16 Compliance with Environmental Laws 46 Section 6.035.17 Information Regarding Collateral 46 Section 5.18 Immaterial Subsidiaries 47 ARTICLE VI. Transactions with Affiliates NEGATIVE COVENANTS 47 Section 6.046.1 Liens, Etc. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 6.2 Debts, Guarantees, and Other Obligations 49 Section 6.07. Subsidiary Debt 496.3 Agreements Restricting Liens and Distributions 50 Section 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 ERISA 53

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 47 Section 2.162.18. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 49 Section 2.172.19. Judgment Currency 34 Successor LIBOR 50 ARTICLE 3 III REPRESENTATIONS AND WARRANTIES 51 Section 3.01. Organization; Powers 35 51 Section 3.02. 3.02A. Authorization; Enforceability 35 51 Section 3.03. 3.02B. Authorization; Enforceability 51 Section 3.03A. Governmental Approvals; No Conflicts 35 51 Section 3.03B. Governmental Approvals; No Conflicts 52 Section 3.04. Financial StatementsCondition; No Material Adverse Change 35 52 Section 3.05. Properties 36 52 Section 3.06. Litigation and Environmental Matters 37 52 Section 3.07. Compliance with Laws and Agreements 37 53 Section 3.08. Investment and Holding Company Status 37 Federal Reserve Regulations 53 Section 3.09. Taxes 37 Investment Company Status 53 Section 3.10. Disclosure 38 Taxes 53 Section 3.11. Pari Passu Status 38 ERISA 53 Section 3.12. Subsidiaries 38 Disclosure 53 Section 3.13. Insurance 38 Solvency 54 Section 3.14. Labor Matters 38 Anti-Corruption Laws and Sanction Laws 54 Section 3.15. Solvency 38 Affected Financial Institution 54 Section 3.16. Legal Form 38 Collateral Matters 54 Section 3.17. Subsidiaries; Loan Parties 55 Section 3.18. Insurance 55 ARTICLE 4 IV CONDITIONS 56 Section 4.01. Effective Closing Date 39 Section 4.02. Conditions To Borrowing 39 56 ARTICLE 5 V AFFIRMATIVE COVENANTS 57 Section 5.01. Financial Statements and Other Information 42 57 Section 5.02. Notice Notices of Material Events 43 58 Section 5.03. Existence; Conduct of Business 44 59 Section 5.04. Payment of Obligations 44 Taxes 59 Section 5.05. Maintenance of Business and Properties 44 59 Section 5.06. Insurance 44 Books and Records; Inspection Rights 59 Section 5.07. Proper Records; Rights to Inspect and Appraise 44 Section 5.08. Compliance with Laws 45 59 Section 5.095.08. Use of Proceeds 45 60 Section 5.09. Additional Subsidiaries 60 Section 5.10. Further Assurances 45 Covenant to Guarantee the Obligations; Covenant to Give Security 60 Section 5.11. Covenants During Bridge Period 45 Information Regarding the Collateral 61 Section 5.12. Maintenance of Insurance 61 ARTICLE VI NEGATIVE COVENANTS 61 Section 6.01. Liens 45 62 Section 6.02. Fundamental Changes 46 Subsidiary Indebtedness 63 Section 6.03. Sale and Leaseback Transactions with Affiliates 47 65 Section 6.04. 6.04A. Fundamental Changes 65 Section 6.04B. Fundamental Changes 66 Section 6.05A. Restrictive Agreements 47 66 Section 6.05. Interest Expense Coverage Ratio 48 6.05B. Restrictive Agreements 67 Section 6.06. Leverage Ratio 49 67 Section 6.07. Ratio of Consolidated EBITDA to Consolidated Interest Expense 68 Section 6.08. 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 Debt 49Indebtedness 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 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 conditions set forth herein. Accordingly, the parties hereto agree as follows:

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.1664 SECTION 2.21. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 2.1766 SECTION 2.22. Judgment Currency 34 Borrowing Subsidiaries 67 SECTION 2.23. Additional Reserve Costs 67 SECTION 2.24. Redenomination of Certain Designated Foreign Currencies 68 Page ARTICLE 3 REPRESENTATIONS AND WARRANTIES Section III Representations and Warranties SECTION 3.01. Organization; Powers 35 Section Organization and Qualification 69 SECTION 3.02. Authorization; Enforceability 35 Section Subsidiaries 69 SECTION 3.03. Governmental Approvals; No Conflicts 35 Section Corporate Authority and Validity of Obligations 69 SECTION 3.04. Margin Stock 70 SECTION 3.05. Financial Statements; Reports 70 SECTION 3.06. No Material Adverse Change 35 Section 3.0570 SECTION 3.07. Litigation 70 SECTION 3.08. Tax Returns 70 SECTION 3.09. Approvals 71 SECTION 3.10. ERISA 71 SECTION 3.11. Environmental Matters 71 SECTION 3.12. Properties 36 Section 3.06. Litigation and Environmental Matters 37 Section 3.0771 SECTION 3.13. Compliance with Laws and Agreements 37 Section 3.0872 SECTION 3.14. Investment and Holding Company Status 37 Section 3.09. Taxes 37 Section 3.1072 SECTION 3.15. 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 72 ARTICLE 4 CONDITIONS Section IV Conditions SECTION 4.01. Effective Date 39 Section 72 SECTION 4.02. Conditions To Each Borrowing 39 73 SECTION 4.03. Initial Borrowing by each Borrowing Subsidiary 74 ARTICLE 5 AFFIRMATIVE COVENANTS Section 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 Statements Reports 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 75 SECTION 5.06. Insurance 44 Section 5.07. Proper Books and Records; Inspection Rights to Inspect and Appraise 44 Section 5.0877 SECTION 5.07. Compliance with Laws 45 Section 5.0977 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 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.0580 SECTION 6.06. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 4980 ARTICLE VII Events of Default ARTICLE VIII The Agents

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.1648 SECTION 2.19. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 2.1750 SECTION 2.20. Market Disruption 51 SECTION 2.21. Judgment Currency 34 51 SECTION 2.22. Defaulting Lenders 51 ARTICLE 3 REPRESENTATIONS AND WARRANTIES Section III Representations and Warranties SECTION 3.01. Organization; Powers 35 Section 53 SECTION 3.02. Authorization; Enforceability 35 Section 53 SECTION 3.03. Governmental Approvals; No Conflicts 35 Section 54 SECTION 3.04. Financial StatementsCondition; No Material Adverse Change 35 Section 54 SECTION 3.05. Properties 36 Section 54 SECTION 3.06. Litigation and Environmental Matters 37 Section 54 SECTION 3.07. Compliance with Laws and Agreements 37 Section 55 SECTION 3.08. Investment and Holding Company Status 37 Section 55 SECTION 3.09. Taxes 37 Section 55 SECTION 3.10. Disclosure 38 Section ERISA 55 SECTION 3.11. Pari Passu Status 38 Section Capital Stock 55 SECTION 3.12. Subsidiaries 38 Section Use of Proceeds 55 SECTION 3.13. Insurance 38 Section Insolvency 56 SECTION 3.14. Labor Matters 38 Section Insurance 56 SECTION 3.15. Solvency 38 Section Partnerships and Joint Ventures 56 SECTION 3.16. Legal Form 38 Subsidiaries 56 SECTION 3.17. Debt 56 SECTION 3.18. Disclosure 56 SECTION 3.19. Sanctions Laws and Regulations 56 SECTION 3.20. EEA Financial Institution 57 ARTICLE 4 CONDITIONS Section IV Conditions SECTION 4.01. Effective Date 39 Section 57 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 45 Section 5.09. Use of Proceeds 45 Section 5.10. Further Assurances 45 Section 5.11. Covenants During Bridge Period 45 Section 6.01. Liens 45 Section 6.02. Fundamental Changes 46 Section 6.03. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 49Each Credit Event 58

Payments Generally; Pro Rata Treatment. Sharing of Set-offs 31 Section 2.1637 SECTION 2.18. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 Section 2.1738 SECTION 2.19. Judgment Currency 34 Designation of Borrowing Subsidiaries 38 SECTION 2.20. Additional Reserve Costs 39 SECTION 2.21. Defaulting Lenders 39 ARTICLE 3 REPRESENTATIONS AND WARRANTIES Section III Representations and Warranties 40 SECTION 3.01. Organization; Powers 35 Section 40 SECTION 3.02. Authorization; Enforceability 35 Section 40 SECTION 3.03. Governmental Approvals; No Conflicts 35 Section 40 SECTION 3.04. Financial StatementsCondition; No Material Adverse Change 35 Section 41 SECTION 3.05. Properties 36 Section 41 SECTION 3.06. Litigation and Environmental Matters 37 Section 41 SECTION 3.07. Compliance with Laws and Agreements 37 Section 41 SECTION 3.08. Investment and Holding Company Status 37 Section 41 SECTION 3.09. Taxes 37 Section 42 SECTION 3.10. Disclosure 38 Section ERISA and Pension Plans 42 SECTION 3.11. Pari Passu Status 38 Section Disclosure 42 SECTION 3.12. Subsidiaries 38 Section Margin Stock 42 SECTION 3.13. Insurance 38 Section 3.14. Labor Matters 38 Section 3.15. Solvency 38 Section 3.16. Legal Form 38 Subsidiaries; Guarantee Requirement 42 ARTICLE 4 CONDITIONS Section IV Conditions 42 SECTION 4.01. Effective Date 39 Section 42 SECTION 4.02. Conditions To Closing Date 43 SECTION 4.03. Each Credit Event 44 SECTION 4.04. Actions during Certain Funds Period 44 SECTION 4.05. Initial Credit Event for each Borrowing 39 Subsidiary 44 ARTICLE 5 AFFIRMATIVE COVENANTS Section V Affirmative Covenants 45 SECTION 5.01. Financial Statements and Other Information 42 Section 45 SECTION 5.02. Notice Notices of Material Events 43 Section 46 SECTION 5.03. Existence; Conduct of Business 44 Section 47 (i) SECTION 5.04. Payment of Obligations 44 Section Taxes 47 SECTION 5.05. Maintenance of Properties 44 Section Properties; Insurance 47 SECTION 5.06. Insurance 44 Section 5.07. Proper Books and Records; Inspection Rights to Inspect and Appraise 44 Section 5.0847 SECTION 5.07. Compliance with Laws 45 Section 5.0947 SECTION 5.08. Use of Proceeds 45 Section 5.1047 SECTION 5.09. Further Assurances 45 Section 5.11. Guarantee Requirement; Elective Guarantor 47 ARTICLE VI Negative Covenants During Bridge Period 45 Section 48 SECTION 6.01. Priority Indebtedness 48 SECTION 6.02. Liens 45 Section 6.0249 SECTION 6.03. Fundamental Changes 46 Section 6.0350 SECTION 6.04. Transactions with Affiliates 47 Section 6.04. Restrictive Agreements 47 Section 50 SECTION 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.0750 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 Debt 49Guarantors 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 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. 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 31 61 Section 2.162.19. Lender’s Obligation to MitigateMitigation Obligations; Replacement of Lenders 33 63 Section 2.172.20. Judgment Currency 34 Incremental Term Loans 67 ARTICLE 3 REPRESENTATIONS AND WARRANTIES III Representations and Warranties 69 Section 3.01. Organization; Powers 35 69 Section 3.02. Authorization; Enforceability 35 Authorization 69 Section 3.03. Governmental Approvals; No Conflicts 35 Enforceability 70 Section 3.04. Governmental Approvals 70 Section 3.05. Financial Statements; Statements 70 Section 3.06. No Material Adverse Change 35 or Material Adverse Effect 71 Section 3.053.07. 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 36 81 Section 3.065.02. Insurance 82 Section 5.03. Taxes 83 Section 5.04. Financial Statements, Reports, etc. 83 Section 5.05. Litigation and Environmental Matters 37 Other Notices. 86 Section 3.075.06. Compliance with Laws and Agreements 37 Section 3.08. Investment and Holding Company Status 37 Section 3.09. Taxes 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 86 Section 5.07. Proper Maintaining Records; Rights Access to Inspect Properties and Appraise 44 Inspections 86 Section 5.08. Compliance with Laws 45 Section 5.09. Use of Proceeds 45 87 Section 5.09. Compliance with Environmental Laws 87 Section 5.10. Further Assurances 45 Assurances; Additional Mortgages 87 Section 5.11. Fiscal Year; Accounting 89 Section 5.12. Maintenance of Ratings 89 ARTICLE VI Negative Covenants During Bridge Period 45 89 Section 6.01. Liens 45 Indebtedness 89 Section 6.02. Fundamental Changes 46 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 47 102 Section 6.046.08. Restrictive Agreements 47 Section 6.05. Interest Expense Coverage Ratio 48 Section 6.06. Leverage Ratio 49 Section 6.07. Subsidiary Debt 49Business of the Borrower and the Subsidiaries 104