On January 25, 2021, Bentley Systems, Incorporated entered into a second amendment (the “Second Amendment”) to the Amended and Restated Credit Agreement, dated as of December 19, 2017, by and among the Company, PNC Bank National Association, as administrative agent, and the lenders party thereto. The Second Amendment provides for, among other things, (i) amendments to permit the issuance and sale of the Notes and the Capped Call Transactions, (ii) an increase in the aggregate revolving commitments to $850 million, (iii) an extension of the maturity date to November 15, 2025, (iv) revised pricing terms (determined with reference to net leverage ratio) for loans made under the credit facility, (v) replacement of the net leverage ratio financial covenant with a senior secured net leverage ratio financial covenant, (vi) the addition of hardwired LIBOR fallback provisions and (vii) modifications to the negative covenants to provide for, among other things, increased capacity for the incurrence of unsecured debt and making of investments.