On August 16, 2017, Leidos, Inc., as borrower, and Leidos Holdings, Inc. entered into the First Amendment (the “Leidos Amendment”) to the Credit Agreement, dated August 16, 2016, with Citibank, N.A., as administrative agent and the other lending institutions named in the Leidos Amendment. The primary purpose of the Leidos Amendment was to (i) extend the maturity date for each of the revolving credit facility and the term loan facility by one year to 2022, (ii) modify the pricing grid for determining the applicable margin for the revolving credit facility and the term facility to reduce the applicable margin by 25 basis points, and (iii) modify the pricing grid for determining the applicable percentage for commitment fees under the revolving credit facility to reduce the applicable percentage by up to 7.5 basis points, depending on the company’s senior secured leverage ratio.

On August 16, 2017, Leidos Innovations Corporation, as borrower, and Leidos Holdings, Inc. entered into the Second Amendment (the “Leidos Innovations Amendment”) to the Credit Agreement, dated August 16, 2016, with Citibank, N.A., as administrative agent and the other lending institutions named in the Leidos Innovations Amendment. The primary purpose of the Leidos Innovations Amendment was to (i) extend the maturity date of the 5-year A Term Loans for one year to 2022, (ii) reduce the applicable margin for the B Term Loans outstanding immediately prior to the Leidos Innovations Amendment by 25 basis points, and (iii) modify the pricing grid for determining the applicable margins for the 3-year and 5-year A Term Loans to reduce the applicable margins by 25 basis points.