On March 22, 2023, (the “ Closing Date ”), Electronic Arts Inc. (the “ Company ”), refinanced in the ordinary course of its business its existing unsecured committed $500 million revolving credit facility (the " Refinancing " and such existing credit facility, the " Prior Credit Facility "). The purpose of the Refinancing was to replace the Prior Credit Facility, which was undrawn and due to expire on August 29, 2024. In connection with the Refinancing, the Company entered into an unsecured committed $500 million revolving credit facility (the “ Revolving Credit Facility ”), which replaces the Prior Credit Facility, pursuant to a Credit Agreement (the “ Credit Agreement ”), by and among the Company, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent ”).

No amounts were drawn under the Prior Credit Facility. The Revolving Credit Facility terminates on March 22, 2028 (the “ Maturity Date ”) unless the maturity is extended in accordance with the Credit Agreement. The Credit Agreement contains (1) an increase option permitting the Company, subject to certain requirements, to arrange with existing lenders and/or new lenders for them to provide up to an aggregate of $500 million in additional commitments for revolving loans, and (2) an extension option permitting the Company, subject to certain requirements, to arrange with existing lenders and/or new lenders to extend the Revolving Credit Facility for an additional one-year term (the “ Extension Option ”).

The Extension Option may be exercised no more than two times under the Credit Agreement. Proceeds of loans made under the Credit Agreement may be used for general corporate purposes. No loans were made under the Credit Agreement on the Closing Date.

Loans under the Revolving Credit Facility are available in U.S. Dollars, Euro, Pounds Sterling, Japanese Yen, Canadian Dollars any other lawful currency freely transferable and convertible into U.S. Dollars and agreed to by the Administrative Agent and each of the lenders. Loans denominated in U.S. Dollars bear interest, at the Company's option, at the base rate plus an applicable spread or at a forward-looking term rate based upon the secured overnight financing rate plus a credit spread adjustment of 0.10% per annum (the “ Adjusted Term SOFR Rate ”) plus an applicable spread, in each case with such spread based on the Company's debt credit ratings. Loans denominated in a currency other than U.S. Dollars bear interest at the rates specified in the Credit Agreement.

The Company is also obligated to pay other customary fees for a credit facility of this size and type. For loans denominated in U.S. Dollars, interest is due and payable in arrears quarterly for loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of loans with interest periods greater than three months) in the case of loans bearing interest at the Adjusted Term SOFR Rate. For loans denominated in a currency other than U.S. Dollars, interest is due and payable at the times specified in the Credit Agreement.

Principal, together with all accrued and unpaid interest, is due and payable on the Maturity Date, as such date may be extended in connection with the Extension Option. The Company may prepay the loans and terminate the commitments, in whole or in part, at any time without premium or penalty, subject to certain conditions. The Credit Agreement contains customary affirmative and negative covenants, including covenants that limit or restrict the Company and its subsidiaries' ability to, among other things, incur subsidiary indebtedness, grant liens, and dispose of all or substantially all assets, in each case subject to customary exceptions for a credit facility of this size and type.

The Company is also required to maintain compliance with a debt to EBITDA ratio. The Credit Agreement contains customary events of default, including, among others, non-payment defaults, covenant defaults, cross-defaults to material indebtedness, bankruptcy and insolvency defaults, material judgment defaults and a change of control default, in each case subject to customary exceptions for a credit facility of this size and type. The occurrence of an event of default could result in the acceleration of the obligations under the Credit Agreement and an increase in the applicable interest rate.

JPMorgan Chase Bank, N.A., BofA Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Goldman Sachs Bank USA acted as joint bookrunners and joint lead arrangers for the Revolving Credit Facility. Certain of the lenders under the Credit Agreement and their affiliates have engaged in, and may in the future engage in, investment banking and other commercial dealings in the ordinary course of business with the Company or the Company's affiliates. They have received, or may in the future receive, customary fees and commissions for these transactions.