Purchase Contract and Pledge Agreement



  
 Exhibit 4.2

  
  

 
 PURCHASE CONTRACT AND PLEDGE
AGREEMENT 
 Dated as of November 5, 2010 
 among 
 Stanley Black & Decker, Inc. 

and 
 The Bank
of New York Mellon Trust Company, National Association, 
 as Purchase Contract Agent, 

and 
 HSBC
Bank USA, National Association, 
 as Collateral Agent, Custodial Agent and Securities Intermediary 

 
  

 







  

TIE SHEET1 
  

			
	 Section of Trust Indenture

Act of 1939, as amended
	  	 Section of Purchase

Contract and Pledge Agreement

	 310(a)
	  	 7.08

	 310(b)
	  	 7.09(d) and (g)

	 310(c)
	  	 Inapplicable

	 311(a)
	  	 16.02(b)

	 311(b)
	  	 16.02(b)

	 311(c)
	  	 Inapplicable

	 312(a)
	  	 16.02(a)

	 312(b)
	  	 16.02(b)

	 313
	  	 16.04

	 314(a)
	  	 16.05

	 314(b)
	  	 Inapplicable

	 314(c)
	  	 16.06

	 314(d)
	  	 Inapplicable

	 314(e)
	  	 1.02

	 314(f)
	  	 16.01

	 315(a)
	  	 7.01(a)

	 315(b)
	  	 7.02

	 315(c)
	  	 7.01(f)

	 315(d)(1)
	  	 7.01(b)

	 315(d)(2)
	  	 7.01(b)

	 315(d)(3)
	  	 16.09

	 316(a)(1)(A)
	  	 16.09

	 316(a)(1)(B)
	  	 16.07

	 316(b)
	  	 6.01

	 316(c)
	  	 16.02

	 317(a)
	  	 Inapplicable

	 317(b)
	  	 Inapplicable

	 318(a)
	  	 16.01(b)


  

 

1 This Cross-Reference Table does not constitute part of the Purchase Contract and Pledge Agreement and shall not affect
the interpretation of any of its terms or provisions. 

  
 2 








  
 TABLE OF
CONTENTS 
  

							
	 	 	 	  	PAGE	 
	
	 ARTICLE 1
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

 
	   

  



	 Section 1.01.
	 	 Definitions
	  	 	1	  
	 Section 1.02.
	 	 Compliance Certificates and Opinions
	  	 	21	  
	 Section 1.03.
	 	 Form of Documents Delivered to Purchase Contract Agent
	  	 	22	  
	 Section 1.04.
	 	 Acts of Holders; Record Dates
	  	 	22	  
	 Section 1.05.
	 	 Notices
	  	 	24	  
	 Section 1.06.
	 	 Notice to Holders; Waiver
	  	 	24	  
	 Section 1.07.
	 	 Effect of Headings and Table of Contents
	  	 	25	  
	 Section 1.08.
	 	 Successors and Assigns
	  	 	25	  
	 Section 1.09.
	 	 Separability Clause
	  	 	25	  
	 Section 1.10.
	 	 Benefits of Agreement
	  	 	25	  
	 Section 1.11.
	 	 Governing Law; Waiver of Trial by Jury
	  	 	25	  
	 Section 1.12.
	 	 Legal Holidays
	  	 	26	  
	 Section 1.13.
	 	 Counterparts
	  	 	26	  
	 Section 1.14.
	 	 Inspection of Agreement
	  	 	26	  
	 Section 1.15.
	 	 Appointment of Financial Institution as Agent for the Company
	  	 	26	  
	 Section 1.16.
	 	 No Waiver
	  	 	27	  
	  
 ARTICLE 2

CERTIFICATE FORMS

 
	 
   

  
 

	 Section 2.01.
	 	 Forms of Certificates Generally
	  	 	27	  
	 Section 2.02.
	 	 Form of Purchase Contract Agent’s Certificate of Authentication
	  	 	27	  
	  
 ARTICLE 3

THE UNITS
  
	 
   

  
 

	 Section 3.01.
	 	 Amount; Form and Denominations
	  	 	28	  
	 Section 3.02.
	 	 Rights and Obligations Evidenced by the Certificates
	  	 	28	  
	 Section 3.03.
	 	 Execution, Authentication; Delivery and Dating
	  	 	29	  
	 Section 3.04.
	 	 Temporary Certificates
	  	 	30	  
	 Section 3.05.
	 	 Registration; Registration of Transfer and Exchange
	  	 	31	  
	 Section 3.06.
	 	 Book-entry Interests
	  	 	33	  
	 Section 3.07.
	 	 Notices to Holders
	  	 	34	  
	 Section 3.08.
	 	 Appointment of Successor Depositary
	  	 	34	  
	 Section 3.09.
	 	 Definitive Certificates.
	  	 	34	  
	 Section 3.10.
	 	 Mutilated, Destroyed, Lost and Stolen Certificates
	  	 	35	  


  
 i 








  

							
	 Section 3.11.
	 	 Persons Deemed Owners
	  	 	36	  
	 Section 3.12.
	 	 Cancellation
	  	 	38	  
	 Section 3.13.
	 	 Creation of Treasury Units by Substitution of Cash.
	  	 	38	  
	 Section 3.14.
	 	 Creation of Cash Settled Units by Substitution of Cash.
	  	 	40	  
	 Section 3.15.
	 	 Recreation of Corporate Units
	  	 	42	  
	 Section 3.16.
	 	 Transfer of Collateral Upon Occurrence of Termination Event
	  	 	44	  
	 Section 3.17.
	 	 No Consent to Assumption
	  	 	47	  
	 Section 3.18.
	 	 Substitutions
	  	 	47	  
	  
 ARTICLE 4

THE NOTES
  
	 
   

  
 

	 Section 4.01.
	 	 Payments; Rights to Payments Preserved
	  	 	47	  
	 Section 4.02.
	 	 Payments Prior to or on Purchase Contract Settlement Date
	  	 	50	  
	 Section 4.03.
	 	 Notice and Voting
	  	 	51	  
	 Section 4.04.
	 	 Payments to Purchase Contract Agent
	  	 	52	  
	 Section 4.05.
	 	 Payments Held In Trust
	  	 	52	  
	  
 ARTICLE 5

THE PURCHASE CONTRACTS

 
	 
   

  
 

	 Section 5.01.
	 	 Purchase of Shares of Convertible Preferred Stock
	  	 	53	  
	 Section 5.02.
	 	 Remarketing; Notices; Separate Notes; Registration; Payment of Purchase Price.
	  	 	54	  
	 Section 5.03.
	 	 Issuance of Shares of Convertible Preferred Stock
	  	 	66	  
	 Section 5.04.
	 	 Fundamental Change Early Settlement.
	  	 	67	  
	 Section 5.05.
	 	 Termination Event; Notice
	  	 	71	  
	 Section 5.06.
	 	 Early Settlement
	  	 	71	  
	 Section 5.07.
	 	 No Fractional Shares
	  	 	75	  
	 Section 5.08.
	 	 Charges and Taxes
	  	 	75	  
	 Section 5.09.
	 	 Contract Adjustment Payments
	  	 	75	  
	 Section 5.10.
	 	 Deferral of Contract Adjustment Payments.
	  	 	77	  
	  
 ARTICLE 6

RIGHTS AND REMEDIES OF HOLDERS

 
	 
   

  



	 Section 6.01.
	 	 Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Convertible Preferred
Stock
	  	 	79	  
	 Section 6.02.
	 	 Restoration of Rights and Remedies
	  	 	79	  
	 Section 6.03.
	 	 Rights and Remedies Cumulative
	  	 	79	  
	 Section 6.04.
	 	 Delay or Omission Not Waiver
	  	 	80	  
	 Section 6.05.
	 	 Undertaking for Costs
	  	 	80	  
	 Section 6.06.
	 	 Waiver of Stay or Extension Laws
	  	 	80	  


  
 ii 










							
	  
 ARTICLE 7

THE PURCHASE CONTRACT AGENT

 
	  			
	 Section 7.01.
	 	 Certain Duties and Responsibilities.
	  	 	81	  
	 Section 7.02.
	 	 Notice of Default
	  	 	82	  
	 Section 7.03.
	 	 Certain Rights of Purchase Contract Agent.
	  	 	82	  
	 Section 7.04.
	 	 Not Responsible for Recitals or Issuance of Units
	  	 	85	  
	 Section 7.05.
	 	 May Hold Units
	  	 	85	  
	 Section 7.06.
	 	 Money Held in Custody
	  	 	85	  
	 Section 7.07.
	 	 Compensation and Reimbursement.
	  	 	85	  
	 Section 7.08.
	 	 Corporate Purchase Contract Agent Required; Eligibility
	  	 	86	  
	 Section 7.09.
	 	 Resignation and Removal; Appointment of Successor
	  	 	87	  
	 Section 7.10.
	 	 Acceptance of Appointment by Successor
	  	 	88	  
	 Section 7.11.
	 	 Merger, Conversion, Consolidation or Succession to Business
	  	 	89	  
	 Section 7.12.
	 	 Preservation of Information; Communications to Holders
	  	 	89	  
	 Section 7.13.
	 	 No Obligations of Purchase Contract Agent
	  	 	89	  
	 Section 7.14.
	 	 Tax Compliance
	  	 	90	  
	  
 ARTICLE 8 

SUPPLEMENTAL AGREEMENTS

 
	 
   

  
 

	 Section 8.01.
	 	 Supplemental Agreements Without Consent of Holders
	  	 	90	  
	 Section 8.02.
	 	 Supplemental Agreements with Consent of Holders
	  	 	91	  
	 Section 8.03.
	 	 Execution of Supplemental Agreements
	  	 	92	  
	 Section 8.04.
	 	 Effect of Supplemental Agreements
	  	 	93	  
	 Section 8.05.
	 	 Reference to Supplemental Agreements
	  	 	93	  
	  
 ARTICLE 9

CONSOLIDATION, MERGER, SALE, CONVEYANCE, TRANSFER
OR DISPOSITION
  
	 
   

  



	 Section 9.01.
	 	 Covenant Not To Consolidate, Merge, Sell, Convey, Transfer or Dispose Property except under Certain
Conditions
	  	 	93	  
	 Section 9.02.
	 	 Rights and Duties of Successor Corporation
	  	 	94	  
	 Section 9.03.
	 	 Opinion of Counsel Given to Purchase Contract Agent
	  	 	94	  
	  
 ARTICLE 10

COVENANTS
  
	 
   

  
 

	 Section 10.01.
	 	 Performance under Purchase Contracts
	  	 	95	  
	 Section 10.02.
	 	 Maintenance of Office or Agency
	  	 	95	  
	 Section 10.03.
	 	 Notice of Leverage Ratio Period
	  	 	95	  
	 Section 10.04.
	 	 Company to Reserve Convertible Preferred Stock
	  	 	96	  
	 Section 10.05.
	 	 Covenants as to Convertible Preferred Stock; Listing
	  	 	96	  
	 Section 10.06.
	 	 ERISA
	  	 	96	  
	 Section 10.07.
	 	 Tax Treatment
	  	 	96	  


  
 iii










							
	
	 ARTICLE 11
 PLEDGE
  
	   

  
 

	 Section 11.01.
	 	 Pledge
	  	 	97	  
	 Section 11.02.
	 	 Termination
	  	 	97	  
	
	 ARTICLE 12
 ADMINISTRATION OF COLLATERAL
  
	   

  
 

	 Section 12.01.
	 	 Initial Deposit of Notes
	  	 	97	  
	 Section 12.02.
	 	 Establishment of Collateral Account
	  	 	98	  
	 Section 12.03.
	 	 Treatment as Financial Assets
	  	 	98	  
	 Section 12.04.
	 	 Sole Control by Collateral Agent
	  	 	98	  
	 Section 12.05.
	 	 Jurisdiction
	  	 	99	  
	 Section 12.06.
	 	 No Other Claims
	  	 	99	  
	 Section 12.07.
	 	 Investment and Release
	  	 	99	  
	 Section 12.08.
	 	 Treasury Unit Collateral
	  	 	99	  
	 Section 12.09.
	 	 Statements and Confirmations
	  	 	101	  
	 Section 12.10.
	 	 Tax Allocations
	  	 	101	  
	 Section 12.11.
	 	 No Other Agreements
	  	 	101	  
	 Section 12.12.
	 	 Powers Coupled with an Interest
	  	 	101	  
	 Section 12.13.
	 	 Waiver of Lien Waiver of Set-off
	  	 	101	  
	
	 ARTICLE 13
 RIGHTS AND REMEDIES OF THE COLLATERAL AGENT

 
	   

  



	 Section 13.01.
	 	 Rights and Remedies of the Collateral Agent
	  	 	101	  
	
	 ARTICLE 14
 REPRESENTATIONS AND WARRANTIES TO COLLATERAL AGENT; HOLDER COVENANTS

 
	   

  



	 Section 14.01.
	 	 Representations And Warranties
	  	 	103	  
	 Section 14.02.
	 	 Covenants
	  	 	104	  
	
	 ARTICLE 15 
 THE COLLATERAL AGENT, THE CUSTODIAL AGENT AND THE SECURITIES
INTERMEDIARY
  
	   

  

 

	 Section 15.01.
	 	 Appointment, Powers and Immunities
	  	 	104	  
	 Section 15.02.
	 	 Instructions of the Company
	  	 	106	  
	 Section 15.03.
	 	 Reliance by Collateral Agent, Custodial Agent and Securities Intermediary
	  	 	106	  
	 Section 15.04.
	 	 Certain Rights
	  	 	107	  


  
 iv 









  

							
	 Section 15.05.
	 	Merger, Conversion, Consolidation or Succession to Business	  	 	107	  
	 Section 15.06.
	 	Rights in Other Capacities	  	 	108	  
	 Section 15.07.
	 	Non-reliance on the Collateral Agent, Custodial Agent and Securities Intermediary	  	 	108	  
	 Section 15.08.
	 	Compensation And Indemnity	  	 	108	  
	 Section 15.09.
	 	Failure to Act	  	 	109	  
	 Section 15.10.
	 	Resignation of Collateral Agent, the Custodial Agent and the Securities Intermediary	  	 	110	  
	 Section 15.11.
	 	Right to Appoint Agent or Advisor	  	 	111	  
	 Section 15.12.
	 	Survival	  	 	112	  
	 Section 15.13.
	 	Exculpation	  	 	112	  
	 Section 15.14.
	 	Expenses, Etc	  	 	112	  
	
	 ARTICLE 16
 TRUST INDENTURE ACT
  
	   

  
 

	 Section 16.01.
	 	Trust Indenture Act; Application	  	 	113	  
	 Section 16.02.
	 	Company to Furnish Purchase Contract Agent Names and Addresses of Holders	  	 	113	  
	 Section 16.03.
	 	Preservation of Information; Communications to Holders	  	 	113	  
	 Section 16.04.
	 	Reports by Purchase Contract Agent	  	 	114	  
	 Section 16.05.
	 	Reports by Company	  	 	114	  
	 Section 16.06.
	 	Evidence of Compliance with Conditions Precedent	  	 	114	  
	 Section 16.07.
	 	Defaults, Waiver	  	 	115	  
	 Section 16.08.
	 	Purchase Contract Agent’s Knowledge of Defaults	  	 	115	  
	 Section 16.09.
	 	Direction of Purchase Contract Agent	  	 	115	  
	
	 ARTICLE 17 
 MISCELLANEOUS
  
	   

  
 

	 Section 17.01.
	 	Security Interest Absolute	  	 	115	  
	 Section 17.02.
	 	Notice of Termination Event	  	 	116	  


  
 v 








  

					
	Exhibit A	 	—	  	Form of Corporate Units Certificate
			
	Exhibit B	 	—	  	Form of Treasury Units Certificate
			
	Exhibit C	 	—	  	Form of Cash Settled Units Certificate
			
	Exhibit D	 	—	  	Instruction to Purchase Contract Agent from Holder (To Create Treasury Units or Corporate Units)
			
	Exhibit E	 	—	  	Instruction to Purchase Contract Agent from Holder (To Create Cash Settled Units)
			
	Exhibit F	 	—	  	Notice from Purchase Contract Agent to Holders upon Termination Event
			
	Exhibit G	 	—	  	Instruction from Purchase Contract Agent to Collateral Agent (Creation of Treasury Units)
			
	Exhibit H	 	—	  	Instruction from Collateral Agent to Securities Intermediary (Creation of Treasury Units)
			
	Exhibit I	 	—	  	Instruction from Purchase Contract Agent to Collateral Agent (Creation of Cash Settled Units)
			
	Exhibit J	 	—	  	Instruction from Collateral Agent to Securities Intermediary (Creation of Cash Settled Units)
			
	Exhibit K	 	—	  	Instruction from Purchase Contract Agent to Collateral Agent (Recreation of Corporate Units)
			
	Exhibit L	 	—	  	Instruction from Collateral Agent to Securities Intermediary (Recreation of Corporate Units)
			
	Exhibit M	 	—	  	Instruction from Holder of Separate Notes to Custodial Agent Regarding Remarketing
			
	Exhibit N	 	—	  	Instruction from Holder of Separate Notes to Custodial Agent Regarding Withdrawal from Remarketing


  
 vi 









  
 PURCHASE CONTRACT AND
PLEDGE AGREEMENT, dated as of November 5, 2010 among Stanley Black & Decker, Inc., a Connecticut corporation (the “Company”), The Bank of New York Mellon Trust Company, National Association, not individually, but
acting solely as purchase contract agent for, and as attorney-in-fact of, the Holders from time to time of the Units (in such capacities, together with its successors and assigns in such capacities, the “Purchase Contract Agent”),
and HSBC Bank USA, National Association, as collateral agent hereunder for the benefit of the Company (in such capacity, together with its successors in such capacity, the “Collateral Agent”), as custodial agent (in such capacity,
together with its successors in such capacity, the “Custodial Agent”), and as securities intermediary (as defined in Section 8-102(a)(14) of the UCC) with respect to the Collateral Account (in such capacity, together with its
successors in such capacity, the “Securities Intermediary”). 
 RECITALS 

WHEREAS, the Company has duly authorized the execution and delivery of this Agreement and the Certificates evidencing the Units;

 WHEREAS, all things necessary to make the Purchase Contracts, when the Certificates are executed by the Company and
authenticated, executed on behalf of the Holders and delivered by the Purchase Contract Agent, as provided in this Agreement, the valid obligations of the Company and the Holders, and to constitute these presents a valid agreement of the Company, in
accordance with its terms, have been done; 
 WHEREAS, pursuant to the terms of this Agreement and the Purchase Contracts, the
Holders of the Units have irrevocably authorized the Purchase Contract Agent, as attorney-in-fact of such Holders, among other things, to execute and deliver this Agreement on behalf of such Holders and to grant the Pledge provided herein of the
Collateral to secure the Obligations. 
 NOW, THEREFORE, the parties hereto agree as follows: 

ARTICLE 1 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL
APPLICATION 
 Section 1.01. Definitions. For all purposes of this Agreement, except as otherwise
expressly provided or unless the context otherwise requires: 
 (a) the terms defined in this Article 1 have the meanings
assigned to them in this Article 1 and include the plural as well as the singular, and nouns and pronouns of the masculine gender include the feminine and neuter genders; 







  
 (b) all accounting
terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles in the United States (“GAAP”); 

(c) the words “herein,” “hereof” and “hereunder” and other words of similar import
refer to this Agreement as a whole and not to any particular Article, Section, Exhibit or other subdivision; 
 (d) the
following terms, which are defined in the UCC, shall have the meanings set forth therein: “certificated security,” “control,” “financial asset,” “entitlement order,”
“securities account” and “security entitlement”; and 
 (e) the following terms have the
meanings given to them in this Section 1.01(e): 
 “Act” has the meaning, with respect to any Holder, set
forth in Section 1.04. 
 “Adjusted Debt” means, for any fiscal quarter, (i) the Company’s
outstanding long-term debt and commercial paper as of the end of such fiscal quarter, plus (ii) the Company’s long-term debt due within one year of the end of such fiscal quarter, including any junior subordinated debt, but
excluding any preferred stock on the Company’s balance sheet as of the end of such fiscal quarter, plus (iii) six times the Company’s Annualized Rent. 
 “Adjusted EBITDA” means, for any fiscal quarter, (i) the Company’s net income for such fiscal quarter, plus (ii) the Company’s tax expense for such fiscal
quarter, plus (iii) the Company’s debt interest expense for such fiscal quarter, plus (iv) the Company’s Quarterly Rent, plus (v) the Company’s depreciation and amortization expenses for such fiscal
quarter, plus (vi) any of the Company’s restructuring and merger related expenses up to a cumulative total of $450 million in aggregate through 2012 and all other non-cash charges, minus (vii) the Company’s
quarterly interest income. 
 “Affiliate” has the same meaning as given to that term in Rule 405 of the
Securities Act, or any successor rule thereunder. 
 “Agreement” means this instrument as originally executed
or as it may from time to time be supplemented or amended by one or more agreements supplemental hereto entered into pursuant to the applicable provisions hereof. 
 “Annualized Rent” means the Company’s annual rent expense as of its most recently completed fiscal year, as disclosed in the lease commitment footnote to its annual consolidated
financial statements. 

  
 2 








  
 “Applicable
Ownership Interest in Notes” means a 1/10, or a 10%, undivided beneficial ownership interest in $1,000 principal amount of Notes that is a component of a Corporate Unit. 

“Applicable Ownership Interest in the Treasury Portfolio” means, with respect to a Corporate Unit and the Treasury
Portfolio, 
 (i) a 1/10, or a 10%, undivided beneficial ownership interest in $1,000 face amount of U.S.
Treasury securities (or principal or interest strips thereof) included in the Treasury Portfolio that matures on or prior to the Purchase Contract Settlement Date; and 

(ii) for the scheduled interest payment date on the Notes occurring on the Purchase Contract Settlement Date, a 0.10625%
undivided beneficial ownership interest in $1,000 face amount of U.S. Treasury securities (or principal or interest strips thereof) that mature on or prior to the Purchase Contract Settlement Date. 

“Applicable Remarketing Period” means any of (i) any Optional Remarketing Period specified by the Company pursuant
to Section 5.02(a), (ii) a Triggered Early Remarketing Period or (iii) the Final Remarketing Period, as the context requires. 
 “Applicants” has the meaning set forth in Section 7.12(b). 

“Authorized Officer” means the Company’s Chief Executive Officer, its President or one of its Vice Presidents or
its Treasurer or one of its Assistant Treasurers, or any other officer or agent of the Company duly authorized by the Board of Directors to act in respect of this Agreement. 
 “Bankruptcy Code” means Title 11 of the United States Code, or any other law of the United States that from time to time provides a uniform system of bankruptcy laws. 

“Beneficial Owner” means, with respect to a Book-Entry Interest, a Person who is the beneficial owner of such Book-Entry
Interest as reflected on the books of the Depositary or on the books of a Person maintaining an account with such Depositary (directly as a Depositary Participant or as an indirect participant, in each case in accordance with the rules of such
Depositary). 
 “Blackout Period” means, the period (i) if the Company has elected an Optional
Remarketing, from 5:00 p.m., New York City time, on the second Business Day immediately preceding the first day of the Optional Remarketing Period to and including the Remarketing Settlement Date of such Optional Remarketing Period or the date the
Company announces that no Successful 

  
 3 








 
Optional Remarketing has occurred during such Optional Remarketing Period, (ii) following any Successful Remarketing, (iii) after 5:00 p.m., New York City time, on the second Business
Day immediately preceding the first day of the Final Remarketing Period and (iv) after 5:00 p.m., New York City time, on the second Business Day immediately preceding the first day of any Triggered Early Remarketing Period. 

“Board of Directors” means the board of directors of the Company or a duly authorized committee of that board.

 “Board Resolution” means one or more resolutions of the Board of Directors, a copy of which has been
certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification and delivered to the Purchase Contract Agent. 

“Book-Entry Interest” means a beneficial interest in a Global Certificate, registered in the name of a Depositary or a
nominee thereof, ownership and transfers of which shall be maintained and made through book entries by such Depositary as described in Section 3.06. 
 “Business Day” means any day other than a Saturday or Sunday or any other day on which banking institutions and trust companies in New York City, New York are authorized or required by
law or executive order to remain closed. 
 “Cash” means any coin or currency of the United States as at the
time shall be legal tender for payment of public and private debts. 
 “Cash Settled Unit” means, following the
substitution of Cash for Pledged Applicable Ownership Interests in Notes as collateral to secure a Holder’s obligations under the Purchase Contract, the collective rights and obligations of a Holder of a Cash Settled Units Certificate in
respect of such Cash, subject to the Pledge thereof, and the related Purchase Contract. 
 “Cash Settled Units
Certificate” means a certificate evidencing the rights and obligations of a Holder in respect of the number of Cash Settled Units specified on such certificate. 
 “Certificate” means a Corporate Units Certificate, a Treasury Units Certificate or a Cash Settled Units Certificate, as the case may be. 

“Certificate of Designations” means the Certificate of Designations of the Company dated as of November 5, 2010
relating to the Convertible Preferred Stock. 
 “Code” means the Internal Revenue Code of 1986, as amended.


  
 4 








  

“Collateral” means the collective reference to: 
 (i) the Collateral Account and all investment property and other financial assets from time to time credited to the Collateral Account and all security entitlements with respect thereto, including,
without limitation, (A) the Applicable Ownership Interests in Notes and security entitlements relating thereto (and the Notes and security entitlements relating thereto delivered to the Collateral Agent in respect of such Applicable Ownership
Interests in Notes), (B) the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio) of the Holders with respect to the Treasury
Portfolio that is a component of the Corporate Units from time to time) and security entitlements relating thereto, (C) any Cash Transferred to the Securities Intermediary from time to time in connection with the creation of Treasury Units in
accordance with Section 3.13 hereof, (D) any Cash Transferred to the Securities Intermediary from time to time in connection with the creation of Cash Settled Units in accordance with Section 3.14 hereof, and (E) any Qualifying
Treasury Securities and security entitlements relating thereto purchased by the Collateral Agent; 
 (ii) all Proceeds of any of
the foregoing (whether such Proceeds arise before or after the commencement of any proceeding under any applicable bankruptcy, insolvency or other similar law, by or against the pledgor or with respect to the pledgor); and 

(iii) all powers and rights now owned or hereafter acquired under or with respect to the Collateral. 

“Collateral Account” means the securities account of HSBC Bank USA, National Association, as Collateral Agent,
maintained on the books of the Securities Intermediary and designated “HSBC Bank USA, National Association, as Collateral Agent of Stanley Black & Decker, Inc., as pledgee of The Bank of New York Mellon Trust Company, National
Association, as the Purchase Contract Agent on behalf of and as attorney-in-fact for the Holders”. 
 “Collateral
Agent” means the Person named as “Collateral Agent” in the first paragraph of this Agreement until a successor Collateral Agent shall have become such pursuant to this Agreement, and thereafter “Collateral Agent”
shall mean the Person who is then the Collateral Agent hereunder. 
 “collateral event of default” has the
meaning set forth in Section 13.01(b). 
 “Collateral Substitution” means (i) with respect to the
Corporate Units, the substitution of the Pledged Applicable Ownership Interests in Notes included in such Corporate Units with Cash in an aggregate amount equal to the aggregate principal amount of such Pledged Applicable Ownership Interests in
Notes or (ii)

  
 5 








 
with respect to the Treasury Units, the substitution of the Pro Rata Portion of the Treasury Unit Collateral included in such Treasury Units with Notes in an aggregate principal amount equal to
the Stated Amount multiplied by the number of Treasury Units for which Collateral Substitution is being effected. 

“Common Stock” means the common stock, $2.50 par value, of the Company. 

“Company” means the Person named as the “Company” in the first paragraph of this Agreement until a
successor shall have become such pursuant to the applicable provisions of this Agreement, and thereafter “Company” shall mean such successor. 
 “Compounded Contract Adjustment Payments” has the meaning set forth in Section 5.10(a). 
 “Contract Adjustment Payments” means the payments payable by the Company on the Payment Dates in respect of each Purchase Contract, at a rate per year of 0.50% of the Stated Amount per
Purchase Contract. 
 “Convertible Preferred Stock” means the 4.75% Series B Perpetual Cumulative Convertible
preferred stock, no par value, of the Company. 
 “Corporate Trust Office” means the office of the Purchase
Contract Agent at which, at any particular time, its corporate trust business shall be principally administered in Chicago, Illinois, which office at the date hereof is located at 2 North LaSalle Street, Suite 1020, Chicago, Illinois 60602,
Attention: Global Corporate Trust, or such other address as the Purchase Contract Agent may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Purchase Contract Agent (or
such other address as such successor Purchase Contract Agent may designate from time to time by notice to the Holders, the Company, the Collateral Agent, the Custodial Agent and the Securities Intermediary); provided, however, that for
purposes of payments, transfers, exchanges, presentment or surrender of Certificates, the Corporate Trust Office shall be located at the agency office of the Purchase Contract Agent at 101 Barclay Street, 8W, New York, New York 10286, Attention:
Corporate Trust Division - Corporate Finance Unit, or such other address as the Purchase Contract Agent may designate from time to time by notice to the Company, or the principal corporate trust office of any successor Purchase Contract Agent (or
such other address as such successor Purchase Contract Agent may designate from time to time by notice to the Company). 

“Corporate Unit” means the collective rights and obligations of a Holder of a Corporate Units Certificate in respect of
the Applicable Ownership Interest in Notes or the Applicable Ownership Interest in the Treasury Portfolio, as the case 

  
 6 








 
may be, subject in each case (except that the Applicable Ownership Interest in the Treasury Portfolio as specified in clause (ii) of the definition thereof shall not be subject to the
Pledge) to the Pledge thereof, and the related Purchase Contract. 
 “Corporate Units Certificate” means a
certificate evidencing the rights and obligations of a Holder in respect of the number of Corporate Units specified on such certificate. 
 “Custodial Agent” means the Person named as Custodial Agent in the first paragraph of this Agreement until a successor Custodial Agent shall have become such pursuant to the applicable
provisions of this Agreement, and thereafter “Custodial Agent” shall mean the Person who is then the Custodial Agent hereunder. 
 “Deferral Securities” has the meaning set forth in the Supplemental Indenture. 
 “Deferred Interest” has the meaning set forth in the Supplemental Indenture. 
 “Depositary” means a clearing agency registered under Section 17A of the Exchange Act that is designated to act as Depositary for the Units as contemplated by Sections 3.06 and 3.08.

 “Depositary Participant” means a broker, dealer, bank, other financial institution or other Person for whom
from time to time the Depositary effects book entry transfers and pledges of securities deposited with the Depositary. 

“DTC” means The Depository Trust Company. 
 “Early Settlement” has the meaning set forth in Section 5.06(a). 
 “Early Settlement Amount” has the meaning set forth in Section 5.06(b). 
 “Early Settlement Date” has the meaning set forth in Section 5.06(b). 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
 “Exchange Act” means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended from time to time, and the rules and regulations promulgated
thereunder. 
 “Expiration Date” has the meaning set forth in Section 1.04(e). 

“Extension Period” has the meaning set forth in Section 5.10(a). 

  
 7 








  
 “Failed Final
Remarketing” has the meaning set forth in Section 5.02(c)(vii). 
 “Failed Optional Remarketing”
has the meaning set forth in Section 5.02(a)(vi). 
 “Failed Remarketing” means, as applicable, a Failed
Optional Remarketing, a Failed Final Remarketing or a Failed Triggered Early Remarketing. 
 “Failed Triggered Early
Remarketing” has the meaning set forth in Section 5.02(b)(vii). 
 “Final Remarketing” means any
Remarketing of the Notes that occurs during the Final Remarketing Period by the Remarketing Agent(s) pursuant to the Remarketing Agreement. 
 “Final Remarketing Period” means the five Business Day period ending on, and including, the third Business Day immediately preceding the Purchase Contract Settlement Date. 

“Fundamental Change” means 
 (i) any transaction or event (whether by means of a share exchange or tender offer applicable to the Common Stock, a liquidation, consolidation, recapitalization, reclassification, combination or merger
of the Company or a sale, lease or other transfer of all or substantially all of the Company’s consolidated assets) or a series of related transactions or events pursuant to which 50% or more of the Company’s outstanding Common Stock is
exchanged for, converted into or constitutes solely the right to receive cash, securities or other property, more than 10% of which consists of cash, securities or other property that is not, or will not be upon consummation of such transaction,
listed on a United States national or regional securities exchange for a period of 30 or more consecutive Trading Days; or 

(ii) the Common Stock ceases to be listed or quoted on a United States national or regional securities exchange for 30 or more
consecutive Trading Days. 
 “Fundamental Change Company Notice” has the meaning set forth in the Certificate
of Designations. 
 “Fundamental Change Early Settlement” has the meaning set forth in Section 5.04(a).

 “Fundamental Change Early Settlement Date” has the meaning set forth in Section 5.04(a). 

  
 8 








  

“GAAP” has the meaning set forth in Section 1.01(b). 

“Global Certificate” means a Certificate that evidences all or part of the Units and is registered in the name of the
Depositary or a nominee thereof. 
 “Holder” means, with respect to a Unit, the Person in whose name the Unit
evidenced by a Certificate is registered in the Security Register. 
 “Indebtedness” means indebtedness of any
kind of the Company unless the instrument under which such indebtedness is incurred expressly provides that it is on a parity in right of payment with or subordinate in right of payment to the Contract Adjustment Payments. 

“Indemnitees” has the meaning set forth in Section 7.07(c). 

“Indenture” means the Indenture, dated as of November 22, 2005, between the Company and the Indenture Trustee
(including any provisions of the TIA that are deemed incorporated therein), as amended and supplemented from time to time, including by the Supplemental Indenture pursuant to which the Notes will be issued. 

“Indenture Trustee” means HSBC Bank USA, National Association as trustee under the Indenture, or any successor thereto
as described in the Indenture. 
 “Interest Rate” has the meaning set forth in the Supplemental Indenture.

 “Issuer Order” or “Issuer Request” means a written order or request signed in the name of
the Company by an Authorized Officer and delivered to the Purchase Contract Agent. 
 “Leverage Ratio” means,
for any fiscal quarter, (i) the Company’s Adjusted Debt as of the end of such fiscal quarter divided by (ii) four times the Company’s Adjusted EBITDA for such fiscal quarter. 

“Leverage Ratio Period” means the period beginning on, and including, any date on which the Company files any periodic
or annual report under Section 13 or 15(d) of the Exchange Act, in respect of any fiscal quarter where the Company’s Leverage Ratio is equal to or greater than 6.0 and ending on, and excluding, the date on which the Company files any
periodic or annual report under Section 13 or 15(f) of the Exchange Act in respect of any fiscal quarter where the Company’s Leverage Ratio is less than 6.0. 
 “Losses” has the meaning set forth in Section 15.08(b). 

“Market Disruption Event” means the occurrence or existence for more than one half-hour period in the aggregate on any
scheduled Trading Day for the 

  
 9 








 
Common Stock of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the NYSE or otherwise) in the Common Stock or in any options,
contracts or future contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m. (New York City time) on such day. 
 “Notes” means the series of 4.25% junior subordinated notes designated as the Notes of the Company issued pursuant to the Supplemental Indenture. 

“NYSE” means The New York Stock Exchange and its successors. 

“Obligations” means, with respect to each Holder, all obligations and liabilities of such Holder under such
Holder’s Purchase Contract and this Agreement or any other document made, delivered or given in connection herewith or therewith, in each case whether on account of principal, interest (including, without limitation, interest accruing before
and after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to such Holder, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding),
fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Company or the Collateral Agent or the Securities Intermediary that are required to be paid by the Holder pursuant to the
terms of any of the foregoing agreements). 
 “Officer’s Certificate” means a certificate signed by the
Authorized Officer and delivered to the Purchase Contract Agent. Any Officer’s Certificate delivered with respect to compliance with a condition or covenant provided for in this Agreement shall include the information set forth in
Section 1.02 hereof. 
 “Opinion of Counsel” means a written opinion of counsel, who may be counsel to the
Company (and who may be an employee of the Company), and who shall be reasonably acceptable to the Purchase Contract Agent. An opinion of counsel may rely on certificates as to matters of fact. 

“Optional Remarketing” means any Remarketing of the Notes that occurs during an Optional Remarketing Period by the
Remarketing Agent(s) pursuant to the Remarketing Agreement. 
 “Optional Remarketing Date” means the date the
Notes offered in an Optional Remarketing are priced by the Remarketing Agent(s). 
 “Optional Remarketing
Period” has the meaning specified in Section 5.02(a). 

  
 10 









  
 “Optional
Remarketing Settlement Date” means the third Business Day following the Optional Remarketing Date. 
 “Optional
Remarketing Window” means the period from and including August 12, 2015 ending on and including October 27, 2015. 
 “Outstanding” means, as of any date of determination, all Units evidenced by Certificates theretofore authenticated, executed and delivered under this Agreement, except: 

(i) all Units, if a Termination Event has occurred; 
 (ii) Units evidenced by Certificates theretofore cancelled by the Purchase Contract Agent or delivered to the Purchase Contract Agent for cancellation or deemed cancelled pursuant to the provisions of
this Agreement; and 
 (iii) Units evidenced by Certificates in exchange for or in lieu of which other Certificates have been
authenticated, executed on behalf of the Holder and delivered pursuant to this Agreement, other than any such Certificate in respect of which there shall have been presented to the Purchase Contract Agent proof satisfactory to it that such
Certificate is held by a protected purchaser in whose hands the Units evidenced by such Certificate are valid obligations of the Company; 

provided, however, that in determining whether the Holders of the requisite number of the Units have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, Units owned by the Company or any Affiliate of the Company shall be disregarded and deemed not to be Outstanding Units, except that, in determining whether the Purchase Contract Agent shall be
authorized and protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Units that a Responsible Officer of the Purchase Contract Agent actually knows to be so owned shall be so disregarded. Units
so owned that have been pledged in good faith may be regarded as Outstanding Units if the pledgee establishes to the satisfaction of the Purchase Contract Agent the pledgee’s right so to act with respect to such Units and that the pledgee is
not the Company or any Affiliate of the Company. 
 “Payment Date” means
February 17, May 17, August 17 and November 17 of each year, commencing November 17, 2010. 

  
 11 









  
 “Permitted
Investments” means any one of the following, but, except for clause (4) below, in any case each investment shall not exceed 5% of the total debt outstanding of any single issuer: 

(1) any evidence of indebtedness with an original maturity of 365 days or less issued, or directly and fully guaranteed or insured, by
the United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support of the timely payment thereof or such indebtedness constitutes a general
obligation of it); 
 (2) time deposits or certificates of deposit with an original maturity of 365 days or less of any
institution which is a member of the Federal Reserve System having combined capital and surplus and undivided profits of not less than $500 million at the time of deposit and having a rating at the time of deposit at least equal to
“A-1” by Standard & Poor’s Ratings Services (“S&P”) and at least equal to “P-1” by Moody’s Investors Service, Inc. (“Moody’s”) (and which may include the
institution acting as the Collateral Agent); 
 (3) investments in commercial paper, other than commercial paper issued by the
Company or its Affiliates, of any corporation incorporated under the laws of the United States or any State thereof, which commercial paper has a rating at the time of purchase at least equal to “A-1” by S&P or at least equal to
“P-1” by Moody’s; and 
 (4) investments in money market funds (including, but not limited to, money market funds
managed by the institution acting as the Collateral Agent or an affiliate of the institution acting as the Collateral Agent) registered under the Investment Company Act of 1940, as amended, rated in the highest applicable rating category by S&P
or Moody’s. 
 “Person” means a legal person, including any individual, corporation, estate, partnership,
joint venture, association, joint-stock company, limited liability company, trust, unincorporated organization or government or any agency or political subdivision thereof or any other entity of whatever nature. 

“Plan” means an employee benefit plan that is subject to ERISA, a plan or individual retirement account that is subject
to Section 4975 of the Code or any entity whose assets are considered assets of any such plan. 
 “Pledge”
means the lien and security interest in the Collateral created by this Agreement. 
 “Pledge Indemnitees” has
the meaning set forth in Section 15.08(b). 
 “Pledged Applicable Ownership Interests in Notes” means the
Applicable Ownership Interests in Notes and security entitlements with respect thereto from time to time credited to the Collateral Account and not then released from the Pledge. 

  
 12 









  
 “Pledged
Applicable Ownership Interests in the Treasury Portfolio” means the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of such term) and security entitlements with respect thereto
from time to time credited to the Collateral Account and not then released from the Pledge. 
 “Pledged Cash”
means the Cash credited to the Collateral Account and not then released from the Pledge. 
 “Pledged Qualifying Treasury
Securities” means the Qualifying Treasury Securities and security entitlements with respect thereto that constitute a component of Treasury Unit Collateral from time to time credited to the Collateral Account and not then released from the
Pledge. 
 “Predecessor Cash Settled Units Certificate” of any particular Cash Settled Units Certificate means
every previous Cash Settled Units Certificate evidencing all or a portion of the rights and obligations of the Company and the Holder under the Cash Settled Units evidenced thereby; and, for the purposes of this definition, any Cash Settled Units
Certificate authenticated and delivered under Section 3.10 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Cash Settled Units Certificate shall be deemed to evidence the same rights and obligations of the Company and the
Holder as the mutilated, destroyed, lost or stolen Cash Settled Units Certificate. 
 “Predecessor Corporate Units
Certificate” of any particular Corporate Units Certificate means every previous Corporate Units Certificate evidencing all or a portion of the rights and obligations of the Company and the Holder under the Corporate Units evidenced thereby;
and, for the purposes of this definition, any Corporate Units Certificate authenticated and delivered under Section 3.10 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Corporate Units Certificate shall be deemed to
evidence the same rights and obligations of the Company and the Holder as the mutilated, destroyed, lost or stolen Corporate Units Certificate. 
 “Predecessor Treasury Units Certificate” of any particular Treasury Units Certificate means every previous Treasury Units Certificate evidencing all or a portion of the rights and
obligations of the Company and the Holder under the Treasury Units evidenced thereby; and, for the purposes of this definition, any Treasury Units Certificate authenticated and delivered under Section 3.10 in exchange for or in lieu of a
mutilated, destroyed, lost or stolen Treasury Units Certificate shall be deemed to evidence the same rights and obligations of the Company and the Holder as the mutilated, destroyed, lost or stolen Treasury Units Certificate. 

  
 13 









  
 “Primary
Treasury Dealer” means a primary U.S. government securities dealer. 
 “Pro Rata” or
“pro-rata” shall mean pro rata to each Holder according to the aggregate Stated Amount of the Units held by such Holder in relation to the aggregate Stated Amount of all Units outstanding, as determined by the Purchase Contract
Agent. 
 “Pro Rata Portion” of each Treasury Unit on any date means a fraction, expressed as a percentage
rounded to the nearest one-thousandth of a percent, the numerator of which is one and the denominator of which is the total number of Treasury Units outstanding on such date. 
 “Proceeds” has the meaning ascribed thereto in the UCC and includes, without limitation, all interest, dividends, cash, instruments, securities, financial assets and other property
received, receivable or otherwise distributed upon the sale (including, without limitation, any Remarketing), exchange, collection, maturity or disposition of any financial assets from time to time credited to the Collateral Account. 

“Prospectus” means the prospectus relating to the delivery of shares or any securities in connection with an Early
Settlement pursuant to Section 5.06 or a Fundamental Change Early Settlement of Purchase Contracts pursuant to Section 5.04, in the form in which first filed, or transmitted for filing, with the Securities and Exchange Commission after the
effective date of the Registration Statement pursuant to Rule 424(b) under the Securities Act, including the documents incorporated by reference therein as of the date of such Prospectus. 

“Purchase Contract” means, with respect to any Unit, the contract forming a part of such Unit and obligating the Company
to (i) sell, and the Holder of such Unit to purchase, shares of Convertible Preferred Stock and (ii) pay the Holder thereof Contract Adjustment Payments, subject to the Company’s right to defer Contract Adjustment Payments pursuant to
Section 5.10, in each case on the terms and subject to the conditions set forth in Article 5 hereof. 
 “Purchase
Contract Agent” means the Person named as the “Purchase Contract Agent” in the first paragraph of this Agreement until a successor Purchase Contract Agent shall have become such pursuant to the applicable provisions of this
Agreement, and thereafter “Purchase Contract Agent” shall mean such Person or any subsequent successor who is appointed pursuant to this Agreement. 
 “Purchase Contract Settlement Date” means November 17, 2015. 

“Purchase Price” has the meaning set forth in Section 5.01(a). 

  
 14 









  
 “Put
Right” has the meaning set forth in the Supplemental Indenture. 
 “Qualifying Treasury Security”
means, as of any date, any U.S. Treasury security with a positive yield that matures on or most closely prior to the Record Date corresponding to the next Payment Date, provided that if such U.S. Treasury security is not sufficiently liquid
(as determined by the Company in its sole discretion) for purchase in an amount as described in Section 12.08, the Company will direct the Collateral Agent to select the next closest maturing U.S. Treasury security that is sufficiently liquid.

 “Quarterly Rent” means, for any fiscal quarter, the Company’s Annualized Rent divided by four.

 “Quotation Agent” means any Primary Treasury Dealer selected by the Company. 

“Record Date” for any distribution and any Contract Adjustment Payment payable on any Payment Date means the first day
of the calendar month in which the relevant Payment Date falls (whether or not a Business Day). 
 “Registration
Statement” means a registration statement under the Securities Act prepared by the Company covering, inter alia, the delivery by the Company of any securities in connection with an Early Settlement on the Early Settlement Date or a
Fundamental Change Early Settlement on the Fundamental Change Early Settlement Date under Section 5.04(a), including all exhibits thereto and the documents incorporated by reference in the prospectus contained in such registration statement,
and any post-effective amendments thereto. 
 “Remarketing” has the meaning set forth in the Remarketing
Agreement. 
 “Remarketing Agent(s)” has the meaning set forth in the Supplemental Indenture. 

“Remarketing Agreement” means a Remarketing Agreement to be entered into between the Company and one or more Remarketing
Agents setting forth the terms of a Remarketing. 
 “Remarketing Date” means the date the Notes offered in an
Optional Remarketing Period, a Triggered Early Remarketing Period or the Final Remarketing Period are priced by the Remarketing Agent(s). 
 “Remarketing Fee” means, in the event of a Successful Remarketing, a remarketing fee paid to the Remarketing Agent(s) to be agreed upon in writing by the Company and the Remarketing
Agent(s) prior to any Remarketing pursuant to the Remarketing Agreement. 

  
 15 









  
 “Remarketing
Price Per Note” means, for each $1,000 principal amount of Notes, an amount in cash equal to the quotient of the Treasury Portfolio Purchase Price divided by the number of $1,000 principal amount of Notes underlying the Pledged
Applicable Ownership Interests in Notes that are held as components of Corporate Units and remarketed in an Optional Remarketing. 
 “Remarketing Price” means (i) in the case of an Optional Remarketing, 100% of the sum of the Treasury Portfolio Purchase Price and the Separate Notes Purchase Price (if any);
(ii) in the case of a Triggered Early Remarketing, the 100% of the aggregate principal amount of Notes underlying the Pledged Applicable Ownership Interests in Notes and Separate Notes to be remarketed plus accrued and unpaid interest thereon
(excluding Deferred Interest and compounded interest thereon); and (iii) in the case of a Final Remarketing, 100% of the aggregate principal amount of Notes underlying the Pledged Applicable Ownership Interests in Notes and Separate Notes to be
remarketed. 
 “Remarketing Settlement Date” means (i) in the case of a Successful Optional Remarketing
occurring during an Optional Remarketing Period, the third Business day immediately following the Optional Remarketing Date for such Successful Optional Remarketing, (ii) in the case of a Successful Triggered Early Remarketing, the Triggered
Early Settlement Date and (iii) in the case of a Final Remarketing, the Purchase Contract Settlement Date. 

“Reset Rate” means, in connection with each Remarketing, the rate per annum rounded to the nearest one thousandth
(0.001) of one percent that the Notes shall bear as determined by the Remarketing Agent(s) in consultation with the Company pursuant to the Remarketing Agreement. 
 “Responsible Officer” means, when used with respect to the Purchase Contract Agent, any officer of the Purchase Contract Agent assigned to the Global Corporate Trust Division or the
Corporate Trust Division - Corporate Finance Unit (or any successor division or unit), as applicable, of the Purchase Contract Agent located at the Corporate Trust Office of the Purchase Contract Agent, who shall have direct responsibility for the
administration of this Indenture, and for the purposes of Section 7.01(b)(ii) and the proviso of Section 7.02 shall also include any other officer of the Purchase Contract Agent to whom any corporate trust matter is referred because of
such officer’s knowledge of and familiarity with the particular subject. 
 “Securities Act” means the
Securities Act of 1933 and any statute successor thereto, in each case as amended from time to time, and the rules and regulations promulgated thereunder. 
 “Securities Intermediary” means the Person named as Securities Intermediary in the first paragraph of this Agreement until a successor Securities


  
 16 









 
Intermediary shall have become such pursuant to the applicable provisions of this Agreement, and thereafter “Securities Intermediary” shall mean such successor or any subsequent
successor. 
 “Security Register” and “Securities Registrar” have the respective meanings set
forth in Section 3.05. 
 “Senior Indebtedness” has the meaning set forth in the Indenture. 

“Separate Notes” means Notes that have been released from the Pledge following Collateral Substitution and therefore no
longer underlie Corporate Units. 
 “Separate Notes Purchase Price” means, for the Notes remarketed in any
Optional Remarketing, the amount in cash equal to the product of (i) the Remarketing Price Per Note and (ii) the integral number of $1,000 principal amount Separate Notes remarketed in such Optional Remarketing. 

“Settlement Rate” has the meaning set forth in Section 5.01(a). 

“Stated Amount” means $100. 
 “Subsidiary” means a corporation more than 50% of the outstanding voting stock of which is owned, directly or indirectly, by the Company or by one or more other Subsidiaries, or by the
Company and one or more Subsidiaries. For the purposes of this definition, “voting stock” means stock which ordinarily has voting power for the election of directors, whether at all times or only so long as no senior class of stock
has such voting power by reason of any contingency. 
 “Successful Optional Remarketing” has the meaning set
forth in Section 5.02(a)(iv). 
 “Successful Final Remarketing” has the meaning set forth in
Section 5.02(c)(v). 
 “Successful Remarketing” means, as applicable, a Successful Optional Remarketing, a
Successful Triggered Early Remarketing or a Successful Final Remarketing. 
 “Successful Triggered Early
Remarketing” has the meaning set forth in Section 5.02(b)(v). 
 “Supplemental Indenture” means
the Second Supplemental Indenture dated as of the date hereof between the Company and the Indenture Trustee pursuant to which the Notes are issued. 

  
 17 









  
 “Termination
Date” means the date, if any, on which a Termination Event occurs. 
 “Termination Event” means the
occurrence of any of the following events: 
 (i) at any time on or prior to the Purchase Contract Settlement Date, the Company
institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition for its winding-up or
liquidation, and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition (A) results in a judgment of insolvency or bankruptcy or the entry of an order for relief or the making of an order
for its winding-up or liquidation or (B) is not dismissed, discharged, stayed or restrained in each case within 30 days of the institution or presentation thereof and if such proceeding, judgment, petition or order shall have been entered more
than 60 days prior to the Purchase Contract Settlement Date, such proceeding, judgment, petition or order shall have continued undischarged and unstayed for a period of 60 days; or 

(ii) at any time on or prior to the Purchase Contract Settlement Date, the Company seeks or becomes subject to the appointment of an
administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for it or for all or substantially all its assets. 
 “TIA” means the Trust Indenture Act of 1939 and any statute successor thereto, in each case as amended from time to time, and the rules and regulations promulgated thereunder. 

“TRADES” means the Treasury/Reserve Automated Debt Entry System maintained by the Federal Reserve Bank of New York
pursuant to the TRADES Regulations. 
 “TRADES Regulations” means the regulations of the United States
Department of the Treasury, published at 31 C.F.R. Part 357, as amended from time to time. Unless otherwise defined herein, all terms defined in the TRADES Regulations are used herein as therein defined. 

“Trading Day” means a day on which (i) there is no Market Disruption Event and (ii) trading in securities
generally occurs on the New York Stock Exchange or, if the Common Stock is not then listed on the New York Stock Exchange, on the principal other United States national or regional securities exchange on which the Common Stock is then listed or, if
the Common Stock is not then listed on a United States national or regional securities exchange, in the principal other market on which the Common Stock is then traded. If the Common Stock is not so listed or quoted, Trading Day means a Business
Day. 

  
 18 









  

“Transfer” means (i) in the case of certificated securities in registered form, delivery as provided in
Section 8-301(a) of the UCC, indorsed to the transferee or in blank by an effective endorsement; (ii) in the case of Qualifying Treasury Securities, registration of the transferee as the owner of such Qualifying Treasury Securities on
TRADES; and (iii) in the case of security entitlements, including, without limitation, security entitlements with respect to Qualifying Treasury Securities, a securities intermediary indicating by book entry that such security entitlement has
been credited to the transferee’s securities account. 
 “Treasury Portfolio” means: 

(i) U.S. Treasury securities (or principal or interest strips thereof) that mature on or prior to the Purchase Contract Settlement Date
in an aggregate amount equal to the principal amount of the Notes underlying Applicable Ownership Interests in Notes included in the Corporate Units on the Optional Remarketing Date; and 

(ii) U.S. Treasury securities (or principal or interest strips thereof) that mature on or prior to the Purchase Contract Settlement Date
in an aggregate amount equal to the aggregate interest payment (assuming no reset of the Interest Rate) that would have been paid to the Holders of the Corporate Units on the Purchase Contract Settlement Date on the principal amount of the Notes
underlying the Applicable Ownership Interests in Notes included in the Corporate Units on the Optional Remarketing Date. 

“Treasury Portfolio Purchase Price” means the lowest aggregate ask-side price quoted by a primary U.S. government
securities dealer in New York City to the Quotation Agent between 9:00 a.m. and 4:00 p.m., New York City time, on the Optional Remarketing Date for the purchase of the Treasury Portfolio for settlement on the Optional Remarketing Settlement Date.

 “Treasury Unit” means, following the substitution of Cash for Pledged Applicable Ownership Interests in
Notes as collateral to secure a Holder’s obligations under the Purchase Contract, the collective rights and obligations of a Holder of a Treasury Units Certificate in respect of a Pro Rata Portion of the Treasury Unit Collateral, subject to the
Pledge thereof, and the related Purchase Contract. 
 “Treasury Unit Collateral” means (i) any Cash
tendered to the Collateral Agent in substitution for a Note in accordance with Section 3.13, (ii) any Qualifying Treasury Securities purchased by the Collateral Agent from time to time with such Cash, and (iii) the Cash proceeds of
any such Qualifying Treasury Securities, in all cases credited to the Collateral Account and not then released from the Pledge. 

  
 19 









  
 “Treasury
Units Certificate” means a certificate evidencing the rights and obligations of a Holder in respect of the number of Treasury Units specified on such certificate. 
 A “Trigger Event” shall have occurred upon the Company’s filing any periodic or annual report under Section 13 or 15(d) of the Exchange Act in respect of any fiscal quarter with
financial statements for such quarter where the Company’s Leverage Ratio is greater than or equal to 6.0 for each of the Company’s three consecutive fiscal quarters immediately preceding, and including, such fiscal quarter. 

“Triggered Early Remarketing” means any Remarketing of the Notes that occurs during a Triggered Early Remarketing Period
by the Remarketing Agent(s) pursuant to the Remarketing Agreement. 
 “Triggered Early Remarketing Period”
means the five Business Day period ending on, and including, the third Business Day immediately preceding the Triggered Early Settlement Date. 
 “Triggered Early Settlement” has the meaning set forth in Section 5.02(b). 
 “Triggered Early Settlement Date” has the meaning set forth in Section 5.02(b). 
 “UCC” means the Uniform Commercial Code as in effect in the State of New York from time to time. 
 “Underwriters” means the underwriters identified in Schedule II to the Underwriting Agreement. 
 “Underwriting Agreement” means the Underwriting Agreement, dated November 5, 2010, between the Company and Citigroup Global Markets Inc., Morgan Stanley & Co. Incorporated,
J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the Underwriters, relating to the sale of Corporate Units. 
 “Unit” means a Corporate Unit, a Cash Settled Unit or a Treasury Unit, as the case may be. 
 “Units Prospectus” means the Prospectus Supplement dated November 1, 2010, to the Prospectus dated August 31, 2010, which is a part of the registration statement on Form S-3
(No. 333-153646), filed by the Company with the Securities and Exchange Commission. 

  
 20 









  

“Value” means, with respect to any item of Collateral on any date, as to (1) Cash, the amount thereof,
(2) Qualifying Treasury Securities, the aggregate principal amount thereof at maturity, (3) Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the
Treasury Portfolio), the appropriate aggregate percentage of the aggregate principal amount at maturity of the Treasury Portfolio and (4) Applicable Ownership Interests in Notes, the appropriate aggregate principal amount of the underlying
Notes. 
 The components of the terms “Adjusted Debt,” “Adjusted EBITDA,” “Quarterly
Rent” and “Annualized Rent” shall each be determined in accordance with GAAP as applied and reflected in the Company’s related consolidated financial statements as of the relevant dates or relevant periods, except as
provided in the next sentence. If, because of a change in GAAP that results in the cumulative effect of a change in accounting principle or a restatement, the Leverage Ratio is higher or lower than it would have been absent that change, then, for
purposes of this Agreement, commencing with the fiscal quarter for which that change in GAAP became effective, the Leverage Ratio shall be calculated on a pro forma basis as if that change had not occurred. 

Section 1.02. Compliance Certificates and Opinions. Except as otherwise expressly provided by this Agreement, upon any
application or request by the Company to the Purchase Contract Agent to take any action in accordance with any provision of this Agreement, the Company shall furnish to the Purchase Contract Agent an Officer’s Certificate stating that all
conditions precedent, if any, provided for in this Agreement relating to the proposed action have been complied with and an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent, if any, have been complied
with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Agreement relating to such particular application or request, no additional certificate
or opinion need be furnished. 
 Every certificate or opinion with respect to compliance with a condition or covenant provided
for in this Agreement shall include: 
 (a) a statement that each individual signing such certificate or opinion has read such
covenant or condition and the definitions herein relating thereto; 
 (b) a brief statement as to the nature and scope of the
examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

  
 21 









  
 (c) a statement that,
in the opinion of each such individual, he or she has made such examination or investigation as is necessary to enable such individual to express an informed opinion as to whether or not such covenant or condition has been complied with; and

 (d) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with.

 Section 1.03. Form of Documents Delivered to Purchase Contract Agent. In any case where several matters are
required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one
document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. Any
certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know,
that the certificate or opinion or representations with respect to the matters upon which its certificate or opinion is based are erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a
certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or
other instruments under this Agreement, they may, but need not, be consolidated and form one instrument. 

Section 1.04. Acts of Holders; Record Dates. (a) Any request, demand, authorization, direction, notice, consent, waiver
or other action provided by this Agreement to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing; and,
except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Purchase Contract Agent and, where it is hereby expressly required, to the Company. Such instrument or
instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing
appointing any such agent shall be sufficient for any purpose of this Agreement and (subject to Section 7.01) conclusive in favor of the Purchase Contract Agent and the Company, if made in the manner provided in this Section 1.04.


  
 22 









  
 (b) The fact and date
of the execution by any Person of any such instrument or writing may be proved in any manner that the Purchase Contract Agent deems sufficient. 
 (c) The ownership of Units shall be proved by the Security Register. 
 (d) Any
request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Unit shall bind every future Holder of the same Unit and the Holder of every Certificate evidencing such Unit issued upon the registration of
transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Purchase Contract Agent or the Company in reliance thereon, whether or not notation of such action is made upon such
Certificate. 
 (e) The Company may set any date as a record date for the purpose of determining the Holders of Outstanding
Units entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Agreement to be given, made or taken by Holders. If any record date is set pursuant to this
paragraph, the Holders of the Outstanding Corporate Units, the Outstanding Treasury Units and the Outstanding Cash Settled Units, as the case may be, on such record date, and no other Holders, shall be entitled to take the relevant action with
respect to the Corporate Units, the Treasury Units or the Cash Settled Units, as the case may be, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken prior
to or on the applicable Expiration Date by Holders of the requisite number of Outstanding Units on such record date. Nothing contained in this paragraph shall be construed to prevent the Company from setting a new record date for any action for
which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and be of no effect), and nothing contained in this paragraph shall be
construed to render ineffective any action taken by Holders of the requisite number of Outstanding Units on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause
notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Purchase Contract Agent in writing and to each Holder in the manner set forth in Section 1.06. 

With respect to any record date set pursuant to this Section 1.04(e), the Company may designate any date as the “Expiration
Date” and from time to time may change the Expiration Date to any later day; provided that no such change shall be effective unless notice of the proposed new Expiration Date is


  
 23 









 
given to the Purchase Contract Agent in writing, and to each Holder in the manner set forth in Section 1.06, prior to or on the existing Expiration Date. If an Expiration Date is not
designated with respect to any record date set pursuant to this Section 1.04, the Company shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its right to
change the Expiration Date as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 
 Section 1.05. Notices. All notices, requests, consents, directions, instructions and other communications provided for herein (including, without limitation, any modifications of, or waivers
or consents under, this Agreement) shall be given or made in writing (including, without limitation, by telecopy) delivered to the intended recipient at the “Address for Notices” specified below its name on the signature pages hereof or,
as to any party, at such other address as shall be designated by such party in a notice to the other parties. Except as otherwise provided in this Agreement, all such communications shall be deemed to have been duly given when transmitted by
telecopier (and in the case of the Purchase Contract Agent, upon the Purchase Contract Agent’s confirmation of receipt in writing or by telephone) or personally delivered or, in the case of a mailed notice, upon receipt, in each case given or
addressed as aforesaid. 
 The Purchase Contract Agent shall send to the Indenture Trustee at the following address a copy of
any notices in the form of Exhibits D, E, F, G, I or K it sends or receives: 
 HSBC Bank USA, National Association, 

10 East 40th Street 
 New York, NY 10016-2706 
 Section 1.06. Notice to Holders; Waiver.
Where this Agreement provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder, at its address as it
appears in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor
any defect in any notice so mailed to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. Where this Agreement provides for notice in any manner, such notice may be waived in writing by the Person
entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Purchase Contract Agent, but such filing shall not be a condition
precedent to the validity of any action taken in reliance upon such waiver. 

  
 24 









  
 In case by reason of
the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Purchase Contract Agent shall constitute a sufficient
notification for every purpose hereunder. 
 Section 1.07. Effect of Headings and Table of Contents. The Article and
Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 

Section 1.08. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the respective
successors and assigns of the Company, the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the Securities Intermediary, and the Holders from time to time of the Units, by their acceptance of the same, shall be deemed to have
agreed to be bound by the provisions hereof and to have ratified the agreements of, and the grant of the Pledge hereunder by, the Purchase Contract Agent. 
 Section 1.09. Separability Clause. In case any provision in this Agreement or in the Units shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions hereof and thereof shall not in any way be affected or impaired thereby. 
 Section 1.10. Benefits
of Agreement. Nothing contained in this Agreement or in the Units, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder and, to the extent provided hereby, the Holders, any benefits or any
legal or equitable right, remedy or claim under this Agreement. The Holders from time to time shall be beneficiaries of this Agreement and shall be bound by all of the terms and conditions hereof and of the Units evidenced by their Certificates by
their acceptance of delivery of such Certificates. 
 Section 1.11. Governing Law; Waiver of Trial by Jury. THIS
AGREEMENT AND THE UNITS AND THE PURCHASE CONTRACTS SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW PROVISIONS THEREOF TO THE EXTENT THAT A DIFFERENT LAW WOULD
GOVERN AS A RESULT. 
 EACH PARTY HERETO, AND EACH HOLDER OF A UNIT BY ACCEPTANCE THEREOF, HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. 

  
 25 









  
 Section 1.12.
Legal Holidays. In any case where any Payment Date shall not be a Business Day (notwithstanding any other provision of this Agreement or the Units), Contract Adjustment Payments, deferred Contract Adjustment Payments (including Compounded
Contract Adjustment Payments thereon), and other distributions shall not be paid on such date, but Contract Adjustment Payments, deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) and such other
distributions shall be paid on the next succeeding Business Day, with the same force and effect as if made on such scheduled Payment Date; provided that if such Business Day falls in the next succeeding calendar month, the payment date for
Contract Adjustment Payments or other distributions shall be brought forward to the immediately preceding Business Day; provided further that no interest or other amount shall accrue or be payable by the Company or to any Holder in respect of
any such delay. 
 In any case where the Purchase Contract Settlement Date or any Early Settlement Date, Triggered Early
Settlement Date or Fundamental Change Early Settlement Date shall not be a Business Day (notwithstanding any other provision of this Agreement or the Units), Purchase Contracts shall not be performed and Early Settlement, Triggered Early Settlement
or Fundamental Change Early Settlement shall not be effected on such date, but Purchase Contracts shall be performed or Early Settlement, Triggered Early Settlement or Fundamental Change Early Settlement shall be effected, as applicable, on the next
succeeding Business Day with the same force and effect as if made on such Purchase Contract Settlement Date, Early Settlement Date, Triggered Early Settlement Date or Fundamental Change Early Settlement Date, as applicable. 

Section 1.13. Counterparts. This Agreement may be executed in any number of counterparts by the parties hereto, each of
which, when so executed and delivered, shall be deemed an original, but all such counterparts shall together constitute one and the same instrument. 
 The exchange of copies of this Agreement and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Agreement as to the parties hereto and may be
used in lieu of the original Agreement for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

Section 1.14. Inspection of Agreement. A copy of this Agreement shall be available at all reasonable times during normal
business hours at the Corporate Trust Office for inspection by any Holder or Beneficial Owner. 
 Section 1.15.
Appointment of Financial Institution as Agent for the Company. The Company may appoint a financial institution (which may be the Collateral Agent, provided that it shall have accepted such appointment) to act as


  
 26 









 
its agent in performing its obligations and in accepting and enforcing performance of the obligations of the Purchase Contract Agent and the Holders, under this Agreement and the Purchase
Contracts, by giving notice of such appointment in the manner provided in Section 1.05 hereof. Any such appointment shall not relieve the Company in any way from its obligations hereunder. 

Section 1.16. No Waiver. No failure on the part of the Company, the Purchase Contract Agent, the Collateral Agent, the
Custodial Agent, the Securities Intermediary or any of their respective agents to exercise, and no course of dealing with respect to, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any
single or partial exercise by the Company, the Purchase Contract Agent, the Collateral Agent, the Custodial Agent, the Securities Intermediary or any of their respective agents of any right, power or remedy hereunder preclude any other or further
exercise thereof or the exercise of any other right, power or remedy. The remedies herein are cumulative and are not exclusive of any remedies provided by law. 
 ARTICLE 2 
 CERTIFICATE FORMS 

Section 2.01. Forms of Certificates Generally. The Certificates (including the form of Purchase Contract forming part of each
Unit evidenced thereby) shall be in substantially the form set forth in Exhibit A hereto (in the case of Corporate Units Certificates), Exhibit B hereto (in the case of Treasury Units Certificates) or Exhibit C hereto (in the case of Cash Settled
Units Certificates), with such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as may be required by the rules of any securities exchange on which the Units
are listed or any depositary therefor, or as may, consistently herewith, be determined by the officers of the Company executing such Certificates, as evidenced by their execution of the Certificates. 

The definitive Certificates shall be produced in any manner as determined by the officers of the Company executing the Units evidenced by
such Certificates, consistent with the provisions of this Agreement, as evidenced by their execution thereof. 
 Every Global
Certificate authenticated, executed on behalf of the Holders and delivered hereunder shall bear a legend substantially in the form set forth in Exhibit A, Exhibit B and Exhibit C for a Global Certificate. 

Section 2.02. Form of Purchase Contract Agent’s Certificate of Authentication. The form of the Purchase Contract
Agent’s certificate of authentication of the Units shall be in substantially the form set forth on the form of the applicable Certificates. 

  
 27 









  
 ARTICLE 3

 THE UNITS 
 Section 3.01. Amount; Form and Denominations. The aggregate number of Units evidenced by Certificates authenticated, executed on behalf of the Holders and delivered hereunder is limited to
6,325,000, except for Certificates authenticated, executed and delivered upon registration of transfer of, in exchange for, or in lieu of, other Certificates pursuant to Section 3.04, Section 3.05, Section 3.06, Section 3.10,
Section 3.13, Section 3.15 or Section 8.05. 
 The Certificates shall be issuable only in registered form and
only in denominations of a single Corporate Unit, Treasury Unit or Cash Settled Unit and any integral multiple thereof. 

Section 3.02. Rights and Obligations Evidenced by the Certificates. Each Corporate Units Certificate shall evidence the
number of Corporate Units specified therein, with each such Corporate Unit representing (1) the ownership by the Holder thereof of an Applicable Ownership Interest in Notes or an Applicable Ownership Interest in the Treasury Portfolio, as the
case may be, subject to the Pledge of such Applicable Ownership Interest in Notes or Applicable Ownership Interest in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury
Portfolio), as the case may be, by such Holder pursuant to this Agreement, and (2) the rights and obligations of the Holder thereof and the Company under one Purchase Contract. The Purchase Contract Agent is hereby authorized, as
attorney-in-fact for, and on behalf of, the Holder of each Corporate Unit, to pledge, pursuant to Article 11 hereof, the Applicable Ownership Interest in Notes, or the Applicable Ownership Interest in the Treasury Portfolio (as specified in clause
(i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), forming a part of such Corporate Unit to the Collateral Agent, for the benefit of the Company, and to grant to the Collateral Agent, as agent of and for the
benefit of the Company, a security interest in the right, title and interest of such Holder in such Applicable Ownership Interest in Notes or such Applicable Ownership Interest in the Treasury Portfolio to secure the obligation of the Holder under
each Purchase Contract to purchase shares of Convertible Preferred Stock. To effect such Pledge and grant such security interest, the Purchase Contract Agent on behalf of the Holders of Corporate Units has, on the date hereof, delivered to the
Collateral Agent the Applicable Ownership Interests in Notes. 
 Upon the formation of a Treasury Unit pursuant to
Section 3.13, each Treasury Units Certificate shall evidence the number of Treasury Units specified 

  
 28 









 
therein, with each such Treasury Unit representing (1) the ownership by the Holder thereof of an undivided beneficial ownership interest in a Pro Rata Portion of the Treasury Unit
Collateral, subject to the Pledge of such interest by such Holder pursuant to this Agreement, and (2) the rights and obligations of the Holder thereof and the Company under one Purchase Contract. The Purchase Contract Agent is hereby
authorized, as attorney-in-fact for, and on behalf of, the Holder of each Treasury Unit, to pledge, pursuant to Article 11 hereof, such Holder’s interest in the Pro Rata Portion of the Treasury Unit Collateral forming a part of such Treasury
Unit to the Collateral Agent, as agent of and for the benefit of the Company, and to grant to the Collateral Agent, for the benefit of the Company, a security interest in the right, title and interest of such Holder in such Pro Rata Portion of the
Treasury Unit Collateral to secure the obligation of the Holder under each Purchase Contract to purchase shares of Convertible Preferred Stock. 
 Upon the formation of a Cash Settled Unit pursuant to Section 3.14, each Cash Settled Units Certificate shall evidence the number of Cash Settled Units specified therein, with each such Cash Settled
Unit representing (1) the ownership by the Holder thereof of $100 Cash, subject to the Pledge of such Cash by such Holder pursuant to this Agreement, and (2) the rights and obligations of the Holder thereof and the Company under one
Purchase Contract. The Purchase Contract Agent is hereby authorized, as attorney-in-fact for, and on behalf of, the Holder of each Cash Settled Unit, to pledge, pursuant to Article 11 hereof, such Holder’s Cash forming a part of such Cash
Settled Unit to the Collateral Agent, as agent of and for the benefit of the Company, and to grant to the Collateral Agent, for the benefit of the Company, a security interest in the right, title and interest of such Holder in such Cash to secure
the obligation of the Holder under each Purchase Contract to purchase shares of Convertible Preferred Stock. 
 Prior to the
purchase of shares of Convertible Preferred Stock under each Purchase Contract, such Purchase Contracts shall not entitle the Holder of a Unit to any of the rights of a holder of shares of Common Stock or Convertible Preferred Stock, including,
without limitation, the right to vote or receive any dividends or other payments or to consent or to receive notice as a shareholder in respect of the meetings of shareholders or for the election of directors of the Company or for any other matter,
or any other rights whatsoever as a shareholder of the Company. 
 Section 3.03. Execution, Authentication; Delivery and
Dating. Subject to the provisions of Section 3.13, Section 3.14 and Section 3.15 hereof, upon the execution and delivery of this Agreement, and at any time and from time to time thereafter, the Company may deliver Certificates
executed by the Company to the Purchase Contract Agent for authentication, execution on behalf of the Holders and delivery, together with its Issuer Order for authentication of such Certificates, and the Purchase Contract Agent in accordance with
such Issuer Order shall authenticate, execute on behalf of the Holders and deliver such Certificates. 

  
 29 









  
 The Certificates shall
be executed on behalf of the Company by its Chairman of the Board of Directors, its Chief Executive Officer, its President, its Treasurer, one of its Vice Presidents or one of its Assistant Treasurers. The signature of any of these officers on the
Certificates may be manual or facsimile. 
 Certificates bearing the manual or facsimile signatures of individuals who were at
any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificates or did not hold such offices at
the date of such Certificates. 
 No Purchase Contract evidenced by a Certificate shall be valid until such Certificate has been
executed on behalf of the Holder by the manual signature of an authorized officer of the Purchase Contract Agent, as such Holder’s attorney-in-fact. Such signature by an authorized officer of the Purchase Contract Agent shall be conclusive
evidence that the Holder of such Certificate has entered into the Purchase Contracts evidenced by such Certificate. 
 Each
Certificate shall be dated the date of its authentication. 
 No Certificate shall be entitled to any benefit under this
Agreement or be valid or obligatory for any purpose unless there appears on such Certificate a certificate of authentication substantially in the form provided for herein executed by an authorized officer of the Purchase Contract Agent by manual
signature, and such certificate of authentication upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder. 

Section 3.04. Temporary Certificates. Pending the preparation of definitive Certificates, the Company may execute and deliver
to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of the Holders, and deliver, in lieu of such definitive Certificates, temporary Certificates which are in substantially the form set forth in
Exhibit A, Exhibit B or Exhibit C hereto, as the case may be, with such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as may be required by the rules of
any securities exchange on which the Corporate Units, Treasury Units or Cash Settled Units, as the case may be, are listed, or as may, consistently herewith, be determined by the officers of the Company executing such Certificates, as evidenced by
their execution of the Certificates. 

  
 30 









  
 If temporary
Certificates are issued, the Company will cause definitive Certificates to be prepared without unreasonable delay. After the preparation of definitive Certificates, the temporary Certificates shall be exchangeable for definitive Certificates upon
surrender of the temporary Certificates at the Corporate Trust Office, at the expense of the Company and without charge to the Holder. Upon surrender for cancellation of any one or more temporary Certificates, the Company shall execute and deliver
to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of the Holder, and deliver in exchange therefor, one or more definitive Certificates of like tenor and denominations and evidencing a like number
of Units as the temporary Certificate or Certificates so surrendered. Until so exchanged, the temporary Certificates shall in all respects evidence the same benefits and the same obligations with respect to the Units evidenced thereby as definitive
Certificates. 
 Section 3.05. Registration; Registration of Transfer and Exchange. The Purchase Contract Agent
shall keep at the Corporate Trust Office a register (the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Purchase Contract Agent shall provide for the registration of Certificates and
of transfers of Certificates (the Purchase Contract Agent, in such capacity, the “Security Registrar”). The Security Registrar shall record separately the registration and transfer of the Certificates evidencing Corporate Units,
Treasury Units and Cash Settled Units. 
 Upon surrender for registration of transfer of any Certificate at the Corporate Trust
Office, the Company shall execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of the designated transferee or transferees, and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of any authorized denominations, like tenor, and evidencing a like number of Corporate Units, Treasury Units or Cash Settled Units, as the case may be. 

At the option of the Holder, Certificates may be exchanged for other Certificates, of any authorized denominations and evidencing a like
number of Corporate Units, Treasury Units or Cash Settled Units, as the case may be, upon surrender of the Certificates to be exchanged at the Corporate Trust Office. Whenever any Certificates are so surrendered for exchange, the Company shall
execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of the Holder, and deliver the Certificates which the Holder making the exchange is entitled to receive. 

All Certificates issued upon any registration of transfer or exchange of a Certificate shall evidence the ownership of the same number of
Corporate Units, Treasury Units or Cash Settled Units, as the case may be, and be entitled to the same benefits and subject to the same obligations under this Agreement as the 

  
 31 









 
Corporate Units, Treasury Units or Cash Settled Units, as the case may be, evidenced by the Certificate surrendered upon such registration of transfer or exchange. 

Every Certificate presented or surrendered for registration of transfer or exchange shall (if so required by the Purchase Contract Agent)
be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Purchase Contract Agent duly executed by the Holder thereof or its attorney duly authorized in writing. 

No service charge shall be made for any registration of transfer or exchange of a Certificate, but the Company and the Purchase Contract
Agent may require payment from the Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Certificates, other than any exchanges pursuant to
Section 3.04, Section 3.06 and Section 8.05 not involving any transfer. 
 Notwithstanding the foregoing, the
Company shall not be obligated to execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall not be obligated to authenticate, execute on behalf of the Holder and deliver any Certificate in exchange for any other
Certificate presented or surrendered for registration of transfer or for exchange on or after the Business Day immediately preceding the earliest to occur of any Early Settlement Date with respect to such Certificate, any Fundamental Change Early
Settlement Date with respect to such Certificate, the Purchase Contract Settlement Date, any Triggered Early Settlement Date or the Termination Date. In lieu of delivery of a new Certificate, upon satisfaction of the applicable conditions specified
above in this Section and receipt of appropriate registration or transfer instructions from such Holder, the Purchase Contract Agent shall: 
 (a) if the Purchase Contract Settlement Date, an Early Settlement Date, a Triggered Early Settlement Date or a Fundamental Change Early Settlement Date with respect to such other Certificate (or portion
thereof) has occurred, deliver the shares of Convertible Preferred Stock issuable in respect of the Purchase Contracts forming a part of the Units evidenced by such other Certificate (or portion thereof); and 

(b) if a Termination Event, Triggered Early Settlement, Early Settlement, or Fundamental Change Early Settlement shall have occurred
prior to the Purchase Contract Settlement Date, Transfer the Applicable Ownership Interests in the Notes, the Cash, the Pro Rata Portion of the Treasury Unit Collateral or the Applicable Ownership Interests in the Treasury Portfolio, as the case may
be, underlying such Certificate, in each case subject to the applicable conditions and in accordance with the applicable provisions of Section 3.16 and Article 5 hereof. 

  
 32 









  
 Section 3.06.
Book-entry Interests. The Certificates will be issued in the form of one or more fully registered Global Certificates, to be delivered to the Depositary or its custodian by, or on behalf of, the Company. The Company hereby designates DTC as the
initial Depositary. Such Global Certificates shall initially be registered on the Security Register in the name of Cede & Co., the nominee of the Depositary, and no Beneficial Owner will receive a definitive Certificate representing such
Beneficial Owner’s interest in such Global Certificate, except as provided in Section 3.09. The Purchase Contract Agent shall enter into an agreement with the Depositary if so requested by the Company. Following the issuance of such Global
Certificates and unless and until definitive, and fully registered Certificates have been issued to Beneficial Owners pursuant to Section 3.09: 
 (a) the provisions of this Section 3.06 shall be in full force and effect; 

(b) the Company and the Purchase Contract Agent shall be entitled to deal with the Depositary for all purposes of this Agreement
(including, without limitation, making Contract Adjustment Payments and receiving approvals, votes or consents hereunder) as the Holder of the Units and the sole holder of the Global Certificates and shall have no obligation to the Beneficial
Owners; provided that a Beneficial Owner may directly enforce against the Company, without any consent, proxy, waiver or involvement of the Depositary of any kind, such Beneficial Owner’s right to receive a definitive Certificate
representing the Units beneficially owned by such Beneficial Owner, as set forth in Section 3.09; 
 (c) to the extent that
the provisions of this Section 3.06 conflict with any other provisions of this Agreement, the provisions of this Section 3.06 shall control; and 
 (d) except as set forth in the proviso of clause (b) of this Section 3.06, the rights of the Beneficial Owners shall be exercised only through the Depositary and shall be limited to those
established by law and agreements between such Beneficial Owners and the Depositary or the Depositary Participants. The Depositary will make book-entry transfers among Depositary Participants and receive and transmit payments of Contract Adjustment
Payments to such Depositary Participants. 
 Transfers of securities evidenced by Global Certificates shall be made through the
facilities of the Depositary, and any cancellation of, or increase or decrease in the number of, such securities (including the creation of Treasury Units, the creation of Cash Settled Units and the recreation of Corporate Units pursuant to
Section 3.13, Section 3.14 and Section 3.15, respectively) shall be accomplished by making appropriate annotations on the Schedule of Increases and Decreases set forth in such Global Certificate. 

  
 33 









  
 Section 3.07.
Notices to Holders. Whenever a notice or other communication to the Holders is required to be given under this Agreement, the Company or the Company’s agent shall give such notices and communications to the Holders and, with respect to any
Units registered in the name of the Depositary or the nominee of the Depositary, the Company or the Company’s agent shall, except as set forth herein, have no obligations to the Beneficial Owners. 

Section 3.08. Appointment of Successor Depositary. If the Depositary elects to discontinue its services as securities
depositary with respect to the Units, the Company may, in its sole discretion, appoint a successor Depositary with respect to the Units. 
 Section 3.09. Definitive Certificates. 
 If: 

(a) the Depositary notifies the Company that it is unwilling or unable to continue its services as securities depositary with respect to
the Units and no successor Depositary has been appointed pursuant to Section 3.08 within 90 days after such notice; 
 (b)
the Depositary ceases to be a “clearing agency” registered under Section 17A of the Exchange Act when the Depositary is required to be so registered to act as the Depositary and so notifies the Company, and no successor Depositary has
been appointed pursuant to Section 3.08 within 90 days after such notice; 
 (c) to the extent permitted by the Depositary,
the Company determines in its discretion that the Global Certificates shall be exchangeable for definitive Certificates; or 

(d) a Beneficial Owner seeking to exercise or enforce its rights under the Corporate Units, Treasury Units or Cash Settled Units requests
to exchange such Beneficial Owner’s interest in the Global Certificates for definitive Certificates; 
 then (x) definitive
Certificates shall be prepared by the Company with respect to such Units and delivered to the Purchase Contract Agent and (y) upon surrender of the Global Certificates representing the Units by the Depositary, accompanied by registration
instructions, the Company shall cause definitive Certificates to be delivered to Beneficial Owners in accordance with instructions provided by the Depositary. The Company and the Purchase Contract Agent shall not be liable for any delay in delivery
of such instructions and may conclusively rely on and shall be authorized and protected in relying on, such instructions. Each definitive Certificate so delivered shall evidence Units of the same kind and tenor as the Global Certificate so
surrendered in respect thereof. 

  
 34 









  
 Section 3.10.
Mutilated, Destroyed, Lost and Stolen Certificates. If any mutilated Certificate is surrendered to the Purchase Contract Agent, the Company shall execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall
authenticate, execute on behalf of the Holder, and deliver in exchange therefor, a new Certificate, evidencing the same number of Corporate Units, Treasury Units or Cash Settled Units, as the case may be, and bearing a Certificate number not
contemporaneously outstanding. 
 If there shall be delivered to the Company and the Purchase Contract Agent (i) evidence
to their satisfaction of the destruction, loss or theft of any Certificate, and (ii) such security or indemnity as may be required by them to hold each of them and any agent of any of them harmless, then, in the absence of notice to the Company
or the Purchase Contract Agent that such Certificate has been acquired by a protected purchaser, the Company shall execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of the
Holder, and deliver to the Holder, in lieu of any such destroyed, lost or stolen Certificate, a new Certificate, evidencing the same number of Corporate Units, Treasury Units or Cash Settled Units, as the case may be, and bearing a Certificate
number not contemporaneously outstanding. 
 Notwithstanding the foregoing, the Company shall not be obligated to execute and
deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall not be obligated to authenticate, execute on behalf of the Holder, and deliver to the Holder, a Certificate on or after the Business Day immediately preceding the earliest
of any Early Settlement Date with respect to such lost, stolen, destroyed or mutilated Certificate, any Fundamental Change Early Settlement Date with respect to such lost, stolen, destroyed or mutilated Certificate, any Triggered Early Settlement
Date, the Purchase Contract Settlement Date or the Termination Date. In lieu of delivery of a new Certificate, upon satisfaction of the applicable conditions specified above in this Section and receipt of appropriate registration or transfer
instructions from such Holder, the Purchase Contract Agent shall: 
 (a) if the Purchase Contract Settlement Date, an Early
Settlement Date, a Triggered Early Settlement Date or a Fundamental Change Early Settlement Date with respect to such lost, stolen, destroyed or mutilated Certificate has occurred, deliver the shares of Convertible Preferred Stock issuable in
respect of the Purchase Contracts forming a part of the Units evidenced by such Certificate; and 
 (b) if a Termination Event,
Triggered Early Settlement, Fundamental Change Early Settlement or an Early Settlement with respect to such lost, stolen, 

  
 35 









 
destroyed or mutilated Certificate shall have occurred prior to the Purchase Contract Settlement Date, transfer the Applicable Ownership Interests in the Notes, the Pro Rata Portion of the
Treasury Unit Collateral, the Applicable Ownership Interests in the Treasury Portfolio or the Cash, as the case may be, underlying such Certificate, in each case subject to the applicable conditions and in accordance with the applicable provisions
of Section 3.16 and Article 5 hereof. 
 Upon the issuance of any new Certificate under this Section 3.10, the Company
and the Purchase Contract Agent may require the payment by the Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other fees and expenses (including, without limitation, the fees
and expenses of the Purchase Contract Agent) connected therewith. 
 Every new Certificate issued pursuant to this
Section 3.10 in lieu of any destroyed, lost or stolen Certificate shall constitute an original additional contractual obligation of the Company and of the Holder in respect of the Units evidenced thereby, whether or not the destroyed, lost or
stolen Certificate (and the Units evidenced thereby) shall be at any time enforceable by anyone, and shall be entitled to all the benefits and be subject to all the obligations of this Agreement equally and proportionately with any and all other
Certificates delivered hereunder. 
 The provisions of this Section 3.10 are exclusive and shall preclude, to the extent
lawful, all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Certificates. 
 Section 3.11. Persons Deemed Owners. Prior to due presentment of a Certificate for registration of transfer, the Company and the Purchase Contract Agent, and any agent of the Company or the
Purchase Contract Agent, may treat the Person in whose name such Certificate is registered as the owner of the Units evidenced thereby for purposes of (subject to any applicable record date) any payment or distribution with respect to the Applicable
Ownership Interests in Notes, on the Pro Rata Portions of the Treasury Unit Collateral, on the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (ii) of the definition of Applicable Ownership Interests in the
Treasury Portfolio) or payment of Contract Adjustment Payments and performance of the Purchase Contracts and for all other purposes whatsoever in connection with such Units, whether or not such payment, distribution, or performance shall be overdue
and notwithstanding any notice to the contrary, and neither the Company nor the Purchase Contract Agent, nor any agent of the Company or the Purchase Contract Agent, shall be affected by notice to the contrary. 

Neither the Purchase Contract Agent nor the Securities Registrar shall have any responsibility or obligation to any Beneficial Owner of
Units 

  
 36 









 
represented by a Global Certificate or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any agent member, with respect to any ownership interest in
the Units or with respect to the delivery to any agent member, Beneficial Owner or other Person (other than the Depositary) of any notice or the payment of any amount, under or with respect to such Units. All notices and communications to be given
to the Holders and all payments to be made to Holders pursuant to the Units and this Agreement shall be given or made only to or upon the order of the registered holders (which shall be the Depositary or its nominee in the case of a Global
Certificate). The rights of Beneficial Owners of the Units underlying a Global Certificate shall be exercised only through the Depositary subject to its applicable procedures. The Purchase Contract Agent and the Securities Registrar shall be
entitled to rely and shall be fully protected in relying upon information furnished by the Depositary with respect to its members, participants and any Beneficial Owners. The Purchase Contract Agent and the Securities Registrar shall be entitled to
deal with the Depositary, and any nominee thereof, that is the registered holder of any Global Certificate for all purposes of this Agreement relating to such Global Certificate (including the payment of principal, premium, if any, and interest and
the giving of instructions or directions by or to the Beneficial Owner in any Units underlying such Global Certificate) as the sole Holder of such Global Certificate and shall have no obligations to the Beneficial Owners thereof. Neither the
Purchase Contract Agent nor the Securities Registrar shall have any responsibility or liability for any acts or omissions of the Depositary with respect to any Units underlying such Global Certificate, for the records of the Depositary, including
records in respect of beneficial ownership interests in respect of Units underlying such Global Certificate, for any transactions between the Depositary and any agent member or between or among the Depositary, any such agent member and/or any Holder
or Beneficial Owner of any Units underlying such Global Certificate, or for any transfers of beneficial interests in any Units underlying such Global Certificate. 
 Notwithstanding the foregoing, with respect to any Global Certificate, nothing contained herein shall prevent the Company, the Purchase Contract Agent or any agent of the Company or the Purchase Contract
Agent, from giving effect to any written certification, proxy or other authorization furnished by the Depositary (or its nominee), as a Holder, with respect to such Global Certificate, or impair, as between such Depositary and the related Beneficial
Owner, the operation of customary practices governing the exercise of rights of the Depositary (or its nominee) as Holder of such Global Certificate. None of the Company, the Purchase Contract Agent or any agent of the Company or the Purchase
Contract Agent will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Certificate or maintaining, supervising or reviewing any records relating to
such beneficial ownership interests. 

  
 37 









  
 Section 3.12.
Cancellation. All Certificates surrendered for delivery of shares of Convertible Preferred Stock on or after the Purchase Contract Settlement Date, the Triggered Early Settlement Date or in connection with an Early Settlement or a Fundamental
Change Early Settlement or for delivery of the Notes underlying the Applicable Ownership Interests in Notes, the Applicable Ownership Interests in the Treasury Portfolio, the Cash proceeds of a Pro Rata Portion of the Treasury Unit Collateral or
Cash, as the case may be, after the occurrence of a Termination Event, an Early Settlement or a Fundamental Change Early Settlement, a Collateral Substitution, or upon the registration of transfer or exchange of a Unit, shall, if surrendered to any
Person other than the Purchase Contract Agent, be delivered to the Purchase Contract Agent along with appropriate written instructions regarding the cancellation thereof and, if not already cancelled, shall be promptly cancelled by it. The Company
may at any time deliver to the Purchase Contract Agent for cancellation any Certificates previously authenticated, executed and delivered hereunder that the Company may have acquired in any manner whatsoever, and all Certificates so delivered shall,
upon an Issuer Order, be promptly cancelled by the Purchase Contract Agent. No Certificates shall be authenticated, executed on behalf of the Holder and delivered in lieu of or in exchange for any Certificates cancelled as provided in this
Section 3.12, except as expressly permitted by this Agreement. All cancelled Certificates held by the Purchase Contract Agent shall be disposed of in accordance with its customary practices. 

If the Company or any Affiliate of the Company shall acquire any Certificate, such acquisition shall not operate as a cancellation of
such Certificate unless and until such Certificate is delivered to the Purchase Contract Agent cancelled or for cancellation. 

Section 3.13. Creation of Treasury Units by Substitution of Cash. (a) Subject to the conditions set forth in this
Agreement, and subject to the limitations on a Collateral Substitution in connection with an Optional Remarketing as set forth under Section 5.02(a) below, a Holder of Corporate Units may, at any time from and after the date of this Agreement,
other than during a Blackout Period, effect a Collateral Substitution and separate the Notes underlying the Pledged Applicable Ownership Interests in Notes in respect of such Holder’s Corporate Units by substituting for such Pledged Applicable
Ownership Interests in Notes for which Collateral Substitution is being made, Cash in an aggregate amount equal to the aggregate principal amount of the Notes underlying the Pledged Applicable Ownership Interests in Notes; provided that
Holders may make Collateral Substitutions only in integral multiples of 10 Corporate Units. To effect such substitution, the Holder must: 
 (i) Transfer to the Collateral Agent, for credit to the Collateral Account, Cash equal to the aggregate principal amount of the Notes underlying the Pledged Applicable Ownership Interests in Notes for
which such Collateral Substitution is made; and 

  
 38 









  
 (ii)
Transfer the related Corporate Units to the Purchase Contract Agent accompanied by a notice to the Purchase Contract Agent, substantially in the form of Exhibit D hereto, whereupon the Purchase Contract Agent shall promptly provide a direction and
instruction to the Collateral Agent, substantially in the form of Exhibit G hereto. 
 Upon confirmation that the Cash described
in clause (i) above has been credited to the Collateral Account and receipt of the instruction to the Collateral Agent described in clause (ii) above, the Collateral Agent shall release such Pledged Applicable Ownership Interests in Notes
from the Pledge and instruct the Securities Intermediary by a notice, substantially in the form of Exhibit H hereto, to Transfer the Notes underlying such Pledged Applicable Ownership Interests in Notes to the Purchase Contract Agent for
distribution to such Holder, free and clear of the Pledge created hereby. Notwithstanding anything to the contrary herein, the Securities Intermediary and the Collateral Agent shall take no action to release such Pledged Applicable Ownership
Interests in Notes from the Pledge unless and until the direction is provided by the Purchase Contract Agent substantially in the form of Exhibit G hereto. 
 Upon credit to the Collateral Account of Cash delivered by a Holder of Corporate Units and receipt of the related instruction from the Collateral Agent, the Securities Intermediary shall promptly Transfer
the Notes underlying the appropriate Pledged Applicable Ownership Interests in Notes to the Purchase Contract Agent for distribution to such Holder, free and clear of the Pledge created hereby. 

Upon receipt of the Notes underlying such Pledged Applicable Ownership Interests in Notes, the Purchase Contract Agent shall promptly:

 (A) cancel the related Corporate Units; 

(B) Transfer such Notes to the Holder (such Notes shall be tradable as separate securities, independent of the
concurrently created Treasury Units) in book-entry form, to the extent a Global Note (as defined in the Supplemental Indenture) is registered in the name of the Depositary; and 

(C) deliver Treasury Units in book-entry form, or if applicable, authenticate, execute on behalf of such Holder and
deliver Treasury Units in the form of a Treasury Units Certificate executed by the Company in accordance with Section 3.03 evidencing the same number of Purchase Contracts as were evidenced by the cancelled Corporate Units. 

  
 39 









  
 Holders who elect to
separate the Notes by substituting Cash for Applicable Ownership Interests in Notes shall be responsible for any fees or expenses (including, without limitation, fees and expenses payable to the Collateral Agent), in respect of such Collateral
Substitution, and neither the Company nor the Purchase Contract Agent shall be responsible for any such fees or expenses. 
 (b)
In the event a Holder making a Collateral Substitution pursuant to this Section 3.13 fails to effect a book-entry transfer of the Corporate Units or fails to deliver Corporate Units Certificates to the Purchase Contract Agent after depositing
Cash with the Collateral Agent, any distributions on the Notes underlying the Applicable Ownership Interests in Notes constituting a part of such Corporate Units, shall be held in the name of the Purchase Contract Agent or its nominee in trust for
the benefit of such Holder, until such Corporate Units are so transferred or the Corporate Units Certificate is so delivered, as the case may be, or such Holder provides evidence satisfactory to the Company and the Purchase Contract Agent that such
Corporate Units Certificate has been destroyed, lost or stolen, together with any indemnity that may be required by the Purchase Contract Agent and the Company. 
 (c) Except as described in Section 5.02, this Section 3.13, Section 3.14 or in connection with an Early Settlement, a Fundamental Change Early Settlement, a Triggered Early Settlement or a
Termination Event, for so long as the Purchase Contract underlying a Corporate Unit remains in effect, such Corporate Unit shall not be separable into its constituent parts, and the rights and obligations of the Holder in respect of the Notes and
the Purchase Contract comprising such Corporate Units may be acquired, and may be transferred and exchanged, only as a Corporate Unit. 
 Section 3.14. Creation of Cash Settled Units by Substitution of Cash. (a) Subject to the conditions set forth in this Agreement, a Holder of Corporate Units may, at any time from and
after the date the Company gives the notice of Final Remarketing as set forth in Section 5.02(c)(ii) below or Triggered Early Remarketing as set forth in Section 5.02(b)(ii) below, as applicable, and other than during a Blackout Period,
effect a Collateral Substitution and separate the Notes underlying the Pledged Applicable Ownership Interests in Notes in respect of such Holder’s Corporate Units by substituting for such Pledged Applicable Ownership Interests in Notes for
which Collateral Substitution is being made, Cash in an aggregate amount equal to the aggregate principal amount of the Notes underlying the Pledged Applicable Ownership Interests in Notes; provided that Holders may make Collateral
Substitutions only in integral multiples of 10 Corporate Units. To effect such substitution, the Holder must: 

(i) Transfer to the Collateral Agent, for credit to the Collateral Account, Cash in an amount equal to the aggregate
principal amount of the Notes underlying the Pledged Applicable Ownership Interests in Notes for which such Collateral Substitution is made; and 

  
 40 









  
 (ii)
Transfer the related Corporate Units to the Purchase Contract Agent accompanied by a notice to the Purchase Contract Agent, substantially in the form of Exhibit E hereto, whereupon the Purchase Contract Agent shall promptly provide a direction and
instruction to the Collateral Agent, substantially in the form of Exhibit I hereto. 
 Upon confirmation that the Cash described
in clause (i) above has been credited to the Collateral Account and receipt of the instruction to the Collateral Agent described in clause (ii) above, the Collateral Agent shall release such Pledged Applicable Ownership Interests in Notes
from the Pledge and instruct the Securities Intermediary by a notice, substantially in the form of Exhibit J hereto, to Transfer the Notes underlying such Pledged Applicable Ownership Interests in Notes to the Purchase Contract Agent for
distribution to such Holder, free and clear of the Pledge created hereby. Notwithstanding anything to the contrary herein, the Securities Intermediary and the Collateral Agent shall take no action to release such Pledged Applicable Ownership
Interests in Notes from the Pledge unless and until the direction is provided by the Purchase Contract Agent substantially in the form of Exhibit I hereto. 
 Upon credit to the Collateral Account of Cash delivered by a Holder of Corporate Units and receipt of the related instruction from the Collateral Agent, the Securities Intermediary shall promptly Transfer
the Notes underlying the appropriate Pledged Applicable Ownership Interests in Notes to the Purchase Contract Agent for distribution to such Holder, free and clear of the Pledge created hereby. 

Upon receipt of the Notes underlying such Pledged Applicable Ownership Interests in Notes, the Purchase Contract Agent shall promptly:

 (A) cancel the related Corporate Units; 

(B) Transfer such Notes to the Holder (such Notes shall be tradable as separate securities, independent of the
concurrently created Cash Settled Units) in book-entry form, to the extent a Global Note (as defined in the Supplemental Indenture) is registered in the name of the Depositary; and 

(C) deliver Cash Settled Units in book-entry form, or if applicable, authenticate, execute on behalf of such Holder and
deliver Cash Settled Units in the form of a Cash Settled Units 

  
 41 









 
Certificate executed by the Company in accordance with Section 3.03 evidencing the same number of Purchase Contracts as were evidenced by the cancelled Corporate Units. 

Holders who elect to separate the Notes by substituting Cash for Applicable Ownership Interests in Notes shall be responsible for any
fees or expenses (including, without limitation, fees and expenses payable to the Collateral Agent), in respect of such Collateral Substitution, and neither the Company nor the Purchase Contract Agent shall be responsible for any such fees or
expenses. 
 (b) In the event a Holder making a Collateral Substitution pursuant to this Section 3.14 fails to effect a
book-entry transfer of the Corporate Units or fails to deliver Corporate Units Certificates to the Purchase Contract Agent after depositing Cash with the Collateral Agent, any distributions on the Notes underlying the Applicable Ownership Interests
in Notes constituting a part of such Corporate Units, shall be held in the name of the Purchase Contract Agent or its nominee in trust for the benefit of such Holder, until such Corporate Units are so transferred or the Corporate Units Certificate
is so delivered, as the case may be, or such Holder provides evidence satisfactory to the Company and the Purchase Contract Agent that such Corporate Units Certificate has been destroyed, lost or stolen, together with any indemnity that may be
required by the Purchase Contract Agent and the Company. 
 (c) Except as described in Section 5.02, Section 3.13,
this Section 3.14 or in connection with an Early Settlement, a Fundamental Change Early Settlement, a Triggered Early Settlement or a Termination Event, for so long as the Purchase Contract underlying a Corporate Unit remains in effect, such
Corporate Unit shall not be separable into its constituent parts, and the rights and obligations of the Holder in respect of the Notes and the Purchase Contract comprising such Corporate Units may be acquired, and may be transferred and exchanged,
only as a Corporate Unit. 
 Section 3.15. Recreation of Corporate Units. (a) Subject to the conditions set
forth in this Agreement, and subject to the limitations on a Collateral Substitution in connection with an Optional Remarketing, as set forth in Section 5.02(a) below, a Holder of Treasury Units may effect a Collateral Substitution and recreate
Corporate Units at any time from and after the date of this Agreement, other than during a Blackout Period; provided that Holders of Treasury Units may only recreate Corporate Units in integral multiples of 10 Treasury Units. To recreate
Corporate Units, the Holder must: 
 (i) Transfer to the Collateral Agent, for credit to the Collateral Account,
Notes or security entitlements with respect thereto having an aggregate principal amount equal to the Stated Amount multiplied by the number of Corporate Units to be created; and 

  
 42 









  
 (ii)
Transfer the related Treasury Units to the Purchase Contract Agent accompanied by a notice to the Purchase Contract Agent, substantially in the form of Exhibit D hereto, whereupon the Purchase Contract Agent shall promptly provide a direction and
instruction to the Collateral Agent, substantially in the form of Exhibit K hereto. 
 Upon confirmation that the Notes
described in clause (i) above or security entitlements with respect thereto has been credited to the Collateral Account and receipt of the instruction from the Purchase Contract Agent described in clause (ii) above, the Collateral Agent
shall (i) release a Pro Rata Portion corresponding to the Treasury Units being converted of any cash constituting Treasury Unit Collateral from the Pledge, (ii) liquidate an aggregate principal amount at maturity of Qualifying Treasury
Securities constituting Treasury Unit Collateral equal to a Pro Rata Portion (or if such Pro Rata Portion is not an integral multiple of such Qualifying Treasury Securities’ minimum denominations, the closest multiple of minimum denominations
that would include such Pro Rata Portion) corresponding to the Treasury Units being converted, and release the proceeds of such liquidation in an amount equal to such Pro Rata Portion (with any excess Cash amounts as a result of liquidating
Qualifying Treasury Securities in a denomination in excess of such Pro Rata Portion remaining with the Collateral Agent as Treasury Unit Collateral) from the Pledge and (iii) instruct the Securities Intermediary by a notice, substantially in
the form of Exhibit L hereto, to Transfer such Cash described in clauses (i) and (ii) above to the Purchase Contract Agent for distribution to such Holder, free and clear of the Pledge created hereby. 

The substituted Notes will be pledged to the Company through the Collateral Agent to secure such Holder’s obligation to purchase
shares of Convertible Preferred Stock under the related Purchase Contract. 
 Upon credit to the Collateral Account of Notes or
security entitlements with respect thereto delivered by a Holder of Treasury Units and receipt of the related instruction from the Collateral Agent, the Securities Intermediary shall promptly Transfer the Cash described above to the Purchase
Contract Agent for distribution to such Holder, free and clear of the Pledge created hereby. Notwithstanding anything to the contrary herein, the Securities Intermediary and the Collateral Agent shall take no action to release such Cash from the
Pledge unless and until the direction is provided by the Purchase Contract Agent substantially in the form of Exhibit K hereto. 

Upon receipt of such Cash, the Purchase Contract Agent shall promptly: 

(A) cancel the related Treasury Units; 

  
 43 









  
 (B)
Transfer the Cash to the Holder; and 
 (C) deliver Corporate Units in book-entry form or, if applicable,
authenticate, execute on behalf of such Holder and deliver Corporate Units in the form of a Corporate Units Certificate executed by the Company in accordance with Section 3.03 evidencing the same number of Purchase Contracts as were evidenced
by the cancelled Treasury Units. 
 Holders who elect to recreate Corporate Units shall be responsible for any fees or expenses
(including, without limitation, fees and expenses payable to the Collateral Agent), in respect of the recreation, and neither the Company nor the Purchase Contract Agent shall be responsible for any such fees or expenses. 

(b) Except as provided in Section 5.02 or in this Section 3.15 or in connection with an Early Settlement, a Fundamental Change
Early Settlement, a Triggered Early Settlement or a Termination Event, for so long as the Purchase Contract underlying a Treasury Unit remains in effect, such Treasury Unit shall not be separable into its constituent parts and the rights and
obligations of the Holder of such Treasury Unit in respect of the interest in a Pro Rata Portion of the Treasury Unit Collateral and the Purchase Contract comprising such Treasury Unit may be acquired, and may be transferred and exchanged, only as a
Treasury Unit. 
 Section 3.16. Transfer of Collateral Upon Occurrence of Termination Event. (a) Upon the
occurrence of a Termination Event, the Company shall notify the Collateral Agent of the occurrence thereof and request the release of the Collateral from the Pledge. Upon receipt by the Collateral Agent of such written notice or written notice
pursuant to Section 5.05 hereof from the Company that a Termination Event has occurred, the Collateral Agent shall promptly release all Collateral from the Pledge and shall promptly instruct the Securities Intermediary to Transfer: 

(i) any Notes underlying Pledged Applicable Ownership Interests in Notes or security entitlements with respect thereto or
Pledged Applicable Ownership Interests in the Treasury Portfolio; 
 (ii) any Pledged Qualifying Treasury
Securities; 
 (iii) any Pledged Cash; 

(iv) any payments by Holders (or the Permitted Investments of such payments) pursuant to Section 5.02 hereof; and


  
 44 









  
 (v) any
Proceeds and all other payments the Collateral Agent receives in respect of the foregoing, 
 to the Purchase Contract Agent for the benefit of
the Holders for distribution to such Holders, in accordance with their respective interests, free and clear of the Pledge created hereby; provided, however, if any Holder or Beneficial Owner shall be entitled to receive Notes in an aggregate
principal amount of less than $1,000, or greater than $1,000 but not in an integral multiple of $1,000, the Purchase Contract Agent shall request, on behalf of such Holder or Beneficial Owner, pursuant to the Indenture that the Company shall issue
Notes in denominations of $100, or integral multiples thereof, in exchange for Notes in denominations of $1,000 or integral multiples thereof; and provided further, if any Holder shall be entitled to receive, with respect to its Pledged
Applicable Ownership Interests in the Treasury Portfolio or its Pro Rata Portion of the Treasury Unit Collateral consisting of Qualifying Treasury Securities, any securities having a principal amount at maturity of less than the minimum
denominations thereof, the Purchase Contract Agent shall dispose of such Pledged Applicable Ownership Interests in the Treasury Portfolio or Pledged Qualifying Treasury Securities for cash and deliver to such Holder cash in lieu of delivering the
Pledged Applicable Ownership Interests in the Treasury Portfolio or Pledged Qualifying Treasury Securities, as the case may be. 

(b) Notwithstanding anything to the contrary in clause (a) of this Section 3.16, if such Termination Event shall result from
the Company’s becoming a debtor under the Bankruptcy Code, and if the Collateral Agent shall for any reason fail promptly to effectuate the release and Transfer of all Notes underlying Pledged Applicable Ownership Interests in Notes, Pledged
Applicable Ownership Interests in the Treasury Portfolio, Pledged Cash, Pledged Qualifying Treasury Securities and payments by Holders (or the Permitted Investments of such payments) pursuant to Section 5.02 and Proceeds and all other payments
received by the Collateral Agent in respect of the foregoing, as the case may be, as provided by this Section 3.16, the Purchase Contract Agent shall use its best efforts to obtain an opinion of a nationally recognized law firm to the effect
that, notwithstanding the Company’s being the debtor in such a bankruptcy case, the Collateral Agent will not be prohibited from releasing or Transferring the Collateral as provided in this Section 3.16, and shall deliver or cause to be
delivered such opinion to the Collateral Agent within ten days after the occurrence of such Termination Event, and if (A) the Purchase Contract Agent shall be unable to obtain such opinion within ten days after the occurrence of such
Termination Event or (B) the Collateral Agent shall continue, after delivery of such opinion, to refuse to effectuate the release and Transfer of all Notes underlying Pledged Applicable Ownership Interests in Notes, Pledged Applicable Ownership
Interests in the Treasury Portfolio, Pledged Cash, Pledged Qualifying Treasury Securities and the payments by Holders (or the Permitted Investments of such payments) pursuant to Section 5.02 hereof and Proceeds and all other


  
 45 









 
payments received by the Collateral Agent in respect of the foregoing, as the case may be, as provided in this Section 3.16, then the Purchase Contract Agent shall within fifteen days after
the occurrence of such Termination Event commence an action or proceeding in the court having jurisdiction of the Company’s case under the Bankruptcy Code seeking an order requiring the Collateral Agent to effectuate the release and transfer of
all Notes underlying Pledged Applicable Ownership Interests in Notes, Pledged Applicable Ownership Interests in the Treasury Portfolio, Pledged Cash, Pledged Qualifying Treasury Securities and the payments by Holders (or the Permitted Investments of
such payments) pursuant to Section 5.02 hereof and Proceeds and all other payments received by the Collateral Agent in respect of the foregoing, or as the case may be, as provided by this Section 3.16. 

(c) Upon the occurrence of a Termination Event and the Transfer to the Purchase Contract Agent of the Notes underlying Pledged Applicable
Ownership Interests in Notes, the appropriate Pledged Applicable Ownership Interests in the Treasury Portfolio, the Pledged Cash or the Pledged Qualifying Treasury Securities, as the case may be, pursuant to this Section 3.16, the Purchase
Contract Agent shall request transfer instructions with respect to such Notes, Applicable Ownership Interests in the Treasury Portfolio, Pledged Cash or Pledged Qualifying Treasury Securities, as the case may be, from each Holder by written request,
substantially in the form of Exhibit F hereto, mailed to such Holder at its address as it appears in the Security Register. 

(d) Upon book-entry transfer of the Corporate Units, the Treasury Units or the Cash Settled Units or delivery of a Corporate Units
Certificate, Treasury Units Certificate or Cash Settled Units Certificate to the Purchase Contract Agent with such transfer instructions, the Purchase Contract Agent shall transfer the Notes underlying Pledged Applicable Ownership Interests in
Notes, the Pledged Applicable Ownership Interests in the Treasury Portfolio, the applicable Pro Rata Portions of the Treasury Unit Collateral or Pledged Cash, as the case may be, underlying such Corporate Units, Treasury Units or Cash Settled Units,
as the case may be, to such Holder by book-entry transfer, or other appropriate procedures, in accordance with such instructions and, in the case of the Notes underlying Pledged Applicable Ownership Interests in Notes, in accordance with the terms
of the Supplemental Indenture. In the event a Holder of Corporate Units, Treasury Units or Cash Settled Units fails to effect such transfer or delivery, the Notes underlying Pledged Applicable Ownership Interests in Notes, the Pledged Applicable
Ownership Interests in the Treasury Portfolio, the applicable Pro Rata Portions of the Treasury Unit Collateral or Pledged Cash, as the case may be, underlying such Corporate Units, Treasury Units or Cash Settled Units, as the case maybe, and any
distributions thereon, shall be held in the name of the Purchase Contract Agent or its nominee in trust for the benefit of such Holder, until the earlier to occur of: 

(i) the transfer of such Corporate Units, Treasury Units or Cash Settled Units or surrender of the Corporate Units
Certificate, Treasury Units Certificate or Cash Settled Units Certificate or the receipt by the Company and the Purchase Contract Agent from such Holder of satisfactory evidence that such Corporate Units Certificate, Treasury Units Certificate or
Cash Settled Units Certificate has been destroyed, lost or stolen, together with any indemnity that may be required by the Purchase Contract Agent and the Company; and 

  
 46 









  
 (ii)
the expiration of the time period specified by the applicable law governing abandoned property in the state in which the Purchase Contract Agent holds such property. 
 Notwithstanding the foregoing, the Purchase Contract Agent may opt to deliver to the Company any funds or property held for two years, in which event the Company shall have sole responsibility for
compliance with all applicable escheat laws with respect to all funds or property returned to it pursuant to this sentence. 

Section 3.17. No Consent to Assumption. Each Holder of a Unit, by acceptance thereof, shall be deemed expressly to have
(a) withheld any consent to the assumption under Section 365 of the Bankruptcy Code or otherwise, of the Purchase Contract by the Company or its trustee, receiver, liquidator or a person or entity performing similar functions in the event
that the Company becomes a debtor under the Bankruptcy Code or subject to other similar state or Federal law providing for reorganization or liquidation and (b) agreed with the Company, the Purchase Contract Agent, the Collateral Agent, the
Custodial Agent and the Securities Intermediary that the transaction contemplated by the Purchase Contract constitutes a “swap agreement” within the meaning of Section 101 (53B) of the Bankruptcy Code and that each such Holder
shall constitute a “swap participant” within the meaning of Section 101 (53C) of the Bankruptcy Code. 

Section 3.18. Substitutions. Whenever a Holder has the right to substitute Cash or Notes underlying Applicable Ownership
Interests in Notes, as the case may be, or security entitlements for any of them for financial assets held in the Collateral Account, such substitution shall not constitute a novation of the security interest created hereby. 

ARTICLE 4 

THE NOTES 
 Section 4.01. Payments; Rights to Payments Preserved.(a) The Collateral Agent shall transfer all income and distributions received by it on account of the Notes underlying Pledged Applicable
Ownership Interests in Notes (if the 

  
 47 









 
Pledged Notes are in the name of the Collateral Agent), the Pledged Applicable Ownership Interests in the Treasury Portfolio, the Treasury Unit Collateral or Permitted Investments from time to
time held in the Collateral Account to the Purchase Contract Agent for distribution to the applicable Holders as provided in this Agreement and the Purchase Contracts. 
 (b) Any payment on any Note underlying Applicable Ownership Interests in Notes or any distribution on any Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (ii) of the
definition of Applicable Ownership Interest in the Treasury Portfolio), as the case may be, which is paid on or immediately prior to any Payment Date shall, subject to receipt thereof by the Purchase Contract Agent from the Company or from the
Collateral Agent as provided in Section 4.01(a) above, be paid on the related Payment Date to the Person in whose name the Corporate Units Certificate (or one or more Predecessor Corporate Units Certificates) of which such Applicable Ownership
Interest in Notes or Applicable Ownership Interests in the Treasury Portfolio, as the case may be, forms a part is registered at the close of business on the Record Date for such Payment Date. 

(c) Any Cash constituting Treasury Unit Collateral in excess of the aggregate Stated Amount of Outstanding Treasury Units on the Record
Date for any Contract Adjustment Payment shall, subject to receipt thereof from the Collateral Agent as provided in Section 4.01(a) above, be paid on the related Payment Date to the Persons in whose name the Treasury Units Certificates (or one
or more Predecessor Treasury Units Certificates) are registered at the close of business on such Record Date in an amount per Treasury Unit equal to its Pro Rata Portion. 
 (d) Each Corporate Units Certificate evidencing Applicable Ownership Interests in Notes or Applicable Ownership Interests in the Treasury Portfolio delivered under this Agreement upon registration of
transfer of or in exchange for or in lieu of any other Corporate Units Certificate shall carry the right to accrued and unpaid interest or distributions, and to accrued interest or distributions, which were carried by Applicable Ownership Interests
in Notes or Applicable Ownership Interests in the Treasury Portfolio underlying such other Corporate Units Certificate. 
 (e)
Each Treasury Units Certificate evidencing ownership interests in Pro Rata Portions of the Treasury Unit Collateral delivered under this Agreement upon registration of transfer of or in exchange for or in lieu of any other Treasury Units Certificate
shall carry the right to the excess Cash described in Section 4.01(c) above, which were carried by the ownership interests in Pro Rata Portions of the Treasury Unit Collateral underlying such other Treasury Units Certificate. 

  
 48 









  
 (f) In the case of any
Corporate Unit with respect to which (1) Early Settlement of the underlying Purchase Contract is properly effected pursuant to Section 5.06 hereof, (2) Fundamental Change Early Settlement of the underlying Purchase Contract is
properly effected pursuant to Section 5.04 hereof, (3) Triggered Early Settlement of the underlying Purchase Contract occurs in accordance with Section 5.02(b) hereof or (4) a Collateral Substitution is properly effected pursuant
to Section 3.13 or Section 3.14, in each case on a date that is after any Record Date and prior to or on the next succeeding Payment Date, interest in respect of the Notes underlying Applicable Ownership Interests in Notes or distributions
on Applicable Ownership Interests in the Treasury Portfolio, as the case may be, underlying such Corporate Unit otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Early Settlement, Fundamental Change
Early Settlement, Triggered Early Settlement or Collateral Substitution, and such payment or distributions shall, subject to receipt thereof by the Purchase Contract Agent, be payable to the Person in whose name the Corporate Units Certificate (or
one or more Predecessor Corporate Units Certificates) was registered at the close of business on the Record Date. 
 (g) In the
case of any Treasury Unit with respect to which (1) Early Settlement of the underlying Purchase Contract is properly effected pursuant to Section 5.06 hereof, (2) Fundamental Change Early Settlement of the underlying Purchase Contract
is properly effected pursuant to Section 5.04 hereof, (3) Triggered Early Settlement of the underlying Purchase Contract occurs in accordance with Section 5.02(b) hereof or (4) a Collateral Substitution is properly effected
pursuant to Section 3.15, in each case on a date that is after any Record Date and prior to or on the next succeeding Payment Date, distributions in respect of the Pro Rata Portion of the Treasury Unit Collateral underlying such Treasury Unit
otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Early Settlement, Fundamental Change Early Settlement, Triggered Early Settlement or Collateral Substitution, and such payment or distributions shall,
subject to receipt thereof by the Purchase Contract Agent, be payable to the Person in whose name the Treasury Units Certificate (or one or more Predecessor Treasury Units Certificates) was registered at the close of business on the Record Date.

 (h) Except as otherwise expressly provided in Section 4.01(f) hereof, in the case of any Corporate Unit with respect to
which Early Settlement, Fundamental Change Early Settlement or Triggered Early Settlement of the component Purchase Contract is properly effected, or with respect to which a Collateral Substitution has been effected, payments attributable to the
Notes underlying Applicable Ownership Interests in Notes or distributions on Applicable Ownership Interests in the Treasury Portfolio, as the case may be, that would otherwise be payable on or made after the Purchase Contract Settlement Date,
Triggered Early Settlement Date, Early Settlement Date, Fundamental Change Early Settlement Date or the date of the Collateral Substitution, as the 

  
 49 









 
case may be, shall not be payable hereunder to the Holder of such Corporate Units; provided, however, that to the extent that such Holder continues to hold Separate Notes or Applicable
Ownership Interests in the Treasury Portfolio that formerly comprised a part of such Holder’s Corporate Units, such Holder shall be entitled to receive interest on such Separate Notes or distributions on such Applicable Ownership Interests in
the Treasury Portfolio. 
 Section 4.02. Payments Prior to or on Purchase Contract Settlement Date. (a) Subject
to the provisions of Section 5.02, Section 5.04 and Section 5.06, and except as provided in Section 4.02(b) below, if no Termination Event shall have occurred, all payments received by the Securities Intermediary in respect of
(1) the principal amount of the Notes underlying Pledged Applicable Ownership Interests in Notes and (2) the Pledged Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable
Ownership Interest in the Treasury Portfolio), shall be credited to the Collateral Account, to be invested in Permitted Investments until the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, and transferred to
the Company on the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, as provided in Section 5.02 hereof. Any balance remaining in the Collateral Account shall be released from the Pledge and transferred to
the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests, free and clear of the Pledge created hereby. The Company shall instruct the Collateral Agent in
writing as to the specific Permitted Investments in which any payments made under this Section 4.02 shall be invested, provided, however, that if the Company fails to deliver such instructions by 10:30 a.m. (New York City time) on the
day such payments are received by the Securities Intermediary, such payments shall remain uninvested, and provided, further, however, that all Permitted Investments shall mature on or prior to the Purchase Contract Settlement
Date. In no event shall the Collateral Agent or the Securities Intermediary be liable for the selection of Permitted Investments or for investment losses incurred thereon. Neither the Collateral Agent nor the Securities Intermediary shall have any
liability in respect of losses incurred based on acting or omitting to act under this Section 4.02(a) pursuant to any direction of the Company or as a result of the failure of the Company to provide timely written investment direction.

 (b) All payments received by the Securities Intermediary in respect of (1) the Notes, (2) the Applicable Ownership
Interests in the Treasury Portfolio and (3) the Treasury Unit Collateral or security entitlements with respect thereto, that, in each case, have been released from the Pledge pursuant hereto shall be transferred to the Purchase Contract Agent
for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests and the terms of this Agreement. 

  
 50 









  
 Section 4.03.
Notice and Voting. (a) Subject to Section 4.03(b) hereof, the Purchase Contract Agent may exercise, or refrain from exercising, any and all voting and other consensual rights pertaining to the Notes underlying Pledged Applicable
Ownership Interests in Notes or any part thereof for any purpose not inconsistent with the terms of this Agreement; provided that the Purchase Contract Agent shall not exercise or shall not refrain from exercising such right, as the case may
be, if, in the judgment of the Purchase Contract Agent, such action would impair or otherwise have a material adverse effect on the value of all or any of the Notes underlying Pledged Applicable Ownership Interests in Notes; and provided
further that the Purchase Contract Agent shall give the Company and the Collateral Agent at least five Business Days’ prior written notice of the manner in which it intends to exercise, or its reasons for refraining from exercising, any
such right. Upon receipt of any notices and other communications in respect of any Notes underlying Pledged Applicable Ownership Interests in Notes, including either notice of any meeting at which holders of the Notes are entitled to vote or the
solicitation of consents, waivers or proxies of holders of the Notes, the Collateral Agent shall send promptly to the Purchase Contract Agent such notice or communication, and as soon as reasonably practicable after receipt of a written request
therefor from the Purchase Contract Agent, to execute and deliver to the Purchase Contract Agent such proxies and other instruments in respect of such Notes underlying Pledged Applicable Ownership Interests in Notes (in form and substance
satisfactory to the Collateral Agent) as are prepared by the Company and delivered to the Purchase Contract Agent with respect to the Notes underlying Pledged Applicable Ownership Interests in Notes. 

(b) Upon receipt of notice of any meeting at which holders of Notes are entitled to vote or upon any solicitation of consents, waivers or
proxies of holders of Notes, the Purchase Contract Agent shall, as soon as practicable thereafter, mail, first class, postage pre-paid, to the Holders of Corporate Units a notice: 

(i) containing such information as is contained in the notice or solicitation; 

(ii) stating that each Holder on the record date set by the Purchase Contract Agent therefor (which, to the extent
possible, shall be the same date as the record date set by the Company for determining the holders of Notes entitled to vote) shall be entitled to instruct the Purchase Contract Agent as to the exercise of the voting rights pertaining to the Notes
underlying Applicable Ownership Interests in Notes that are a component of their Corporate Units; and 
 (iii)
stating the manner in which such instructions may be given. 
 Upon the written request of the Holders of Corporate Units on
such record date received by the Purchase Contract Agent at least six days prior to such 

  
 51 









 
meeting or the expiration date of any consent solicitation, the Purchase Contract Agent shall endeavor insofar as practicable to vote or cause to be voted or to consent with respect to, in
accordance with the instructions set forth in such requests, the maximum aggregate principal amount of Notes as to which any particular voting or consenting instructions are received. In the absence of specific instructions from the Holder of
Corporate Units, the Purchase Contract Agent shall abstain from voting or consenting with respect to the Notes underlying Applicable Ownership Interests in Notes that are a component of such Corporate Units. The Company hereby agrees, if applicable,
to solicit Holders of Corporate Units to timely instruct the Purchase Contract Agent as to the exercise of such voting or consenting rights in order to enable the Purchase Contract Agent to vote or consent with respect to such Notes. 

(c) The Holders of Corporate Units, the Holders of Cash Settled Units and the Holders of Treasury Units shall, in their capacity as
Holders, have no voting rights, rights to dividends or other distributions or other rights in respect of Common Stock or Convertible Preferred Stock. 
 Section 4.04. Payments to Purchase Contract Agent. The Securities Intermediary shall use commercially reasonable efforts to deliver any payments required to be made by it to the Purchase
Contract Agent hereunder to the account designated by the Purchase Contract Agent for such purpose not later than 12:00 p.m. (New York City time) on the Business Day such payment is received by the Securities Intermediary; provided, however,
that if such payment is received on a day that is not a Business Day or after 11:00 a.m. (New York City time) on a Business Day, then the Securities Intermediary shall use commercially reasonable efforts to deliver such payment to the Purchase
Contract Agent no later than 10:30 a.m. (New York City time) on the next succeeding Business Day. 
 Section 4.05.
Payments Held In Trust. If the Purchase Contract Agent or any Holder shall receive any payments on account of financial assets credited to the Collateral Account (other than interest on the Notes or distributions on the Applicable Ownership
Interests in the Treasury Portfolio (as specified in clause (ii) of the definition thereof)) and not released therefrom in accordance with this Agreement, the Purchase Contract Agent or such Holder shall hold such payments as trustee of an
express trust for the benefit of the Company and, upon receipt of an Officer’s Certificate of the Company so directing, promptly deliver such payments to the Securities Intermediary for credit to the Collateral Account or to the Company for
application to the Obligations of the applicable Holder or Holders, and the Purchase Contract Agent and Holders shall acquire no right, title or interest in any such payments of principal amounts so received. The Purchase Contract Agent shall have
no liability under this Section 4.05 unless and until it has been notified in writing that such payment was delivered to it erroneously and shall have no liability for any action taken, suffered or omitted to be taken prior to its receipt of
such notice. 

  
 52 









  
 ARTICLE 5

 THE PURCHASE CONTRACTS 

Section 5.01. Purchase of Shares of Convertible Preferred Stock. (a) Each Purchase Contract shall obligate the Holder of
the related Unit to purchase, and the Company to sell, on the Purchase Contract Settlement Date, the Triggered Early Settlement Date or the Fundamental Change Early Settlement Date, as applicable, at a price equal to the Stated Amount (the
“Purchase Price”), a number of newly issued shares of Convertible Preferred Stock (subject to Section 5.07) equal to the Settlement Rate unless an Early Settlement or a Termination Event with respect to the Units of which such
Purchase Contract is a part shall have occurred. The “Settlement Rate” is equal to one share of Convertible Preferred Stock. 
 (b) Each Holder of a Corporate Unit, a Treasury Unit or a Cash Settled Unit, by its acceptance of such Unit: 
 (i) irrevocably authorizes the Purchase Contract Agent to enter into and perform the related Purchase Contract on its behalf as its attorney-in-fact (including, without limitation, the execution of
Certificates in the name of and on behalf of such Holder); 
 (ii) agrees to be bound by the terms and provisions
of such Unit, including but not limited to the terms and provisions of the Purchase Contract and this Agreement; 

(iii) covenants and agrees to perform its obligations under such Purchase Contract and under this Agreement for so long as
such Holder remains a Holder of a Corporate Unit, a Treasury Unit or a Cash Settled Unit; 
 (iv) consents to the
provisions hereof, 
 (v) irrevocably authorizes the Purchase Contract Agent to enter into and perform this
Agreement on its behalf and in its name as its attorney-in-fact; 
 (vi) consents to, and agrees to be bound by,
the Pledge of such Holder’s right, title and interest in and to the Collateral, including the Applicable Ownership Interests in Notes and the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the
definition of such term), the Pro Rata Portion of the Treasury Unit Collateral or the Cash pursuant to this Agreement, and the delivery of the Notes underlying such Applicable Ownership Interests in Notes by the Purchase Contract Agent to the
Collateral Agent; and 

  
 53 









  
 (vii)
for United States federal income tax purposes, agrees to (A) treat its acquisition of the Corporate Units as an acquisition of the Applicable Ownership Interests in Notes and Purchase Contracts constituting the Corporate Units, (B) treat
the Notes underlying such Applicable Ownership Interests in Notes as indebtedness of the Company and (C) treat itself as the owner of the applicable interests in the Collateral, including the Applicable Ownership Interests in Notes, the
Applicable Ownership Interests in the Treasury Portfolio, the Pro Rata Portion of the Treasury Unit Collateral or the Cash, as applicable; 

provided that upon a Termination Event, the rights of the Holder of such Units under the Purchase Contract may be enforced without regard to any
other rights or obligations. 
 (c) Each Holder of a Corporate Unit, a Treasury Unit or a Cash Settled Unit, by its acceptance
thereof, further covenants and agrees that to the extent and in the manner provided in Section 5.02 hereof, but subject to the terms thereof, on the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable,
Proceeds of the Pledged Applicable Ownership Interests in Notes, the Pledged Applicable Ownership Interests in the Treasury Portfolio, the Pro Rata Portion of the Treasury Unit Collateral or the Pledged Cash, as applicable, equal to the Purchase
Price shall be paid by the Collateral Agent, upon the direction of the Company, to the Company in satisfaction of such Holder’s obligations under such Purchase Contract and such Holder shall acquire no right, title or interest in such Proceeds.

 (d) Upon registration of transfer of a Certificate, the transferee shall be bound (without the necessity of any other action
on the part of such transferee) by the terms of this Agreement and the Purchase Contracts underlying such Certificate and the transferor shall be released from the obligations under this Agreement and the Purchase Contracts underlying the
Certificate so transferred. The Company covenants and agrees, and each Holder of a Certificate, by its acceptance thereof, likewise covenants and agrees, to be bound by the provisions of this paragraph. 

Section 5.02. Remarketing; Notices; Separate Notes; Registration; Payment of Purchase Price. 

(a) Optional Remarketing. (i) Unless a Termination Event or a Trigger Event has occurred, the Company may elect, at its
option, to engage the Remarketing Agent(s), pursuant to the terms of the Remarketing Agreement, to remarket the aggregate Notes underlying the aggregate Applicable Ownership Interests in Notes that are components of Corporate Units, along with any
Separate Notes, the holders of which have elected to participate in such remarketing pursuant to the Indenture and Section 5.02(f) below over a period of 

  
 54 









 
five consecutive Business Days (each such period, an “Optional Remarketing Period”) selected by the Company that falls during the Optional Remarketing Window; provided
that the Company may only elect to conduct an Optional Remarketing if the Company is not then deferring interest on the Notes. 
 (ii) The Company shall notify the Purchase Contract Agent and request that the Depositary notify the Depositary Participants holding Corporate Units, Treasury Units and Separate Notes of the
Company’s election to conduct an Optional Remarketing no later than fifteen (15) calendar days prior to the first day of an Optional Remarketing Period. 

(iii) If the Company elects to conduct an Optional Remarketing, by 11:00 a.m. (New York City time) on the Business Day
immediately preceding the first day of an Optional Remarketing Period, the Purchase Contract Agent shall notify the Remarketing Agent(s) in writing of the aggregate principal amount of Notes underlying the Pledged Applicable Ownership Interests in
Notes that are a part of the Corporate Units to be remarketed, and the Custodial Agent shall notify in writing the Remarketing Agent(s) of the aggregate principal amount of Separate Notes (if any) to be remarketed pursuant to Section 5.02(f)
below. Pursuant to, and subject to the terms of, the Remarketing Agreement, upon receipt of such notices from the Purchase Contract Agent and the Custodial Agent, the Remarketing Agent(s) will use its reasonable best efforts to remarket such Notes
at the applicable Remarketing Price. 
 (iv) If the Remarketing Agent(s) is able to remarket such Notes for at
least the applicable Remarketing Price in any Optional Remarketing in accordance with the Remarketing Agreement (a “Successful Optional Remarketing”), the Collateral Agent shall cause the Securities Intermediary, upon receipt of
instructions from the Company, to transfer to the Remarketing Agent(s) the remarketed Notes underlying the Pledged Applicable Ownership Interests in Notes upon confirmation of deposit to the Collateral Account of proceeds of such Successful Optional
Remarketing attributable to such Notes, and the Custodial Agent shall transfer the remarketed Separate Notes to the Remarketing Agent(s) upon confirmation of receipt of proceeds of such Successful Optional Remarketing attributable to such Separate
Notes. Settlement shall occur on the Optional Remarketing Settlement Date. Upon deposit in the Collateral Account of such proceeds attributable to the remarketed Notes underlying the Pledged Applicable Ownership Interest in Notes, the Collateral
Agent shall, upon receipt of instructions from the Company, (A) instruct the Securities Intermediary to apply an amount equal to the Treasury Portfolio Purchase Price to purchase the Treasury Portfolio from the Quotation Agent (the amount and
issue of the U.S. Treasury securities (or principal or interest strips thereof) constituting the Treasury Portfolio to be 

  
 55 









 
determined by the Remarketing Agent(s)), (B) credit to the Collateral Account the Applicable Ownership Interests in the Treasury Portfolio, and (C) promptly remit any remaining portion
of such proceeds to the Purchase Contract Agent for payment to the Holders of Corporate Units, whereupon the Purchase Contract Agent shall make such payment on the Optional Remarketing Settlement Date to the Holders whose Notes underlying the
Pledged Applicable Ownership Interests in Notes were remarketed pro rata in accordance with their respective interests. With respect to any Separate Notes remarketed, the Custodial Agent shall remit such proceeds of the Successful Optional
Remarketing received from the Remarketing Agent(s) to Holders of such Separate Notes on the Optional Remarketing Settlement Date. 
 (v) Following the occurrence of a Successful Optional Remarketing, the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of such term) will be substituted as
Collateral for the Pledged Applicable Ownership Interests in Notes and will be held by the Collateral Agent in accordance with the terms hereof to secure the Obligation of each Holder of Corporate Units, and the Holders of Corporate Units and the
Collateral Agent shall have such security interests, rights and obligations with respect to the Applicable Ownership Interests in the Treasury Portfolio (as defined in clause (i) of such term) as the Holder of Corporate Units and the Collateral
Agent had in respect of the Pledged Applicable Ownership Interests in Notes, subject to the Pledge thereof. Any reference in this Agreement or the Certificates to the Pledged Applicable Ownership Interests in Notes shall thereupon be deemed to be a
reference to such Applicable Ownership Interests in the Treasury Portfolio (as defined in clause (i) of such term). The Company may cause to be made in any Corporate Units Certificates thereafter to be issued such change in phraseology and form
(but not in substance) as may be appropriate to reflect the substitution of the Applicable Ownership Interests in the Treasury Portfolio (as defined in clause (i) of such term) for the Pledged Applicable Ownership Interests in Notes as
Collateral. 
 (vi) If, in spite of its reasonable best efforts, the Remarketing Agent(s) cannot remarket the
Notes as set forth above during the Optional Remarketing Period at a price not less than the applicable Remarketing Price or a condition precedent set forth in the Remarketing Agreement is not fulfilled, the Optional Remarketing will be deemed to
have failed (a “Failed Optional Remarketing”). Promptly after a Failed Optional Remarketing, the Custodial Agent will return Separate Notes to the appropriate Holders. 

(vii) If the Company elects to remarket the Notes during the Optional Remarketing Period and a Successful Optional
Remarketing has 

  
 56 









 
not occurred on or prior to the last day of the Optional Remarketing Period, the Company shall cause a notice of the Failed Optional Remarketing to be published before 9:00 a.m., New York City
time, on the Business Day immediately following the last date of the Optional Remarketing Period. This notice shall be validly published by making a timely release to any appropriate news agency, including, without limitation, Bloomberg Business
News and the Dow Jones News Service. 
 (b) Triggered Early Remarketing. (i) If a Trigger Event occurs prior to the
first day in the Optional Remarketing Window, all Purchase Contracts will mandatorily settle (the “Triggered Early Settlement”) on the date that is 25 calendar days after the occurrence of the Trigger Event or, if such day is not a
Business Day, the immediately following Business Day (such day, the “Triggered Early Settlement Date”). In order to dispose of the Notes underlying Pledged Applicable Ownership Interests in Notes of any Holders of Corporate Units,
the Company shall engage the Remarketing Agent(s), pursuant to the terms of the Remarketing Agreement, to use its reasonable best efforts to remarket such Notes, along with any Separate Notes, the holders of which have elected to participate in the
Triggered Early Remarketing pursuant to Section 5.02(f) below, during the Triggered Early Remarketing Period. 
 (ii) The Company shall notify the Purchase Contract Agent and request that the Depositary notify the Depositary Participants holding Corporate Units, Treasury Units and Separate Notes of the Triggered
Early Remarketing no later than the 15 calendar days prior to the first day of the Triggered Early Remarketing Period. 
 (iii) The Purchase Contract Agent shall notify the Remarketing Agent(s) in writing, promptly after 5:00 p.m. (New York City time) on the Business Day immediately preceding the first day of the Triggered
Early Remarketing Period, of the aggregate principal amount of Notes underlying the Pledged Applicable Ownership Interests in Notes that are to be remarketed, and the Custodial Agent shall notify in writing the Remarketing Agent(s) of the aggregate
principal amount of Separate Notes (if any) to be remarketed pursuant to Section 5.02(f) below. 
 (iv) The
Company may postpone the Triggered Early Remarketing in its absolute discretion on any day prior to the last three Business Days of the Triggered Early Remarketing Period. The Company will promptly furnish notice of any such postponement to the
Purchase Contract Agent. 
 (v) If the Remarketing Agent(s) is able to remarket such Notes and the Separate Notes
(if any) for at least the applicable Remarketing Price in any Triggered Early Remarketing in accordance with the 

  
 57 









 
Remarketing Agreement (a “Successful Triggered Early Remarketing”), the Collateral Agent shall, upon receipt of instructions from the Company, cause the Securities Intermediary
to transfer to the Remarketing Agent(s) the remarketed Notes underlying the Pledged Applicable Ownership Interests in Notes upon confirmation of deposit to the Collateral Account of proceeds of such Successful Triggered Early Remarketing
attributable to such Notes, and the Custodial Agent shall transfer the remarketed Separate Notes to the Remarketing Agent(s) upon confirmation of receipt of proceeds of such Successful Triggered Early Remarketing attributable to such Separate Notes.
Settlement shall occur on the Remarketing Settlement Date. Upon deposit in the Collateral Account of such proceeds, the Collateral Agent shall, on the Triggered Early Settlement Date, in consultation with the Purchase Contract Agent and upon
direction of the Company, instruct the Securities Intermediary to remit a portion of such proceeds equal to the aggregate principal amount of such Notes to satisfy in full the Obligations of Holders of Corporate Units whose Notes underlying the
Pledged Applicable Ownership Interests in Notes were remarketed to pay the Purchase Price for the shares of Convertible Preferred Stock under the related Purchase Contracts, and promptly remit the balance of such proceeds to the Purchase Contract
Agent for payment to the Holders of Corporate Units, whereupon the Purchase Contract Agent shall make such payment on the Purchase Contract Settlement Date pro rata in accordance with their respective interests. With respect to any Separate Notes
remarketed, the Custodial Agent shall remit such proceeds of the Successful Triggered Early Remarketing received from the Remarketing Agent(s) pro rata to Holders of such Separate Notes on the Triggered Early Settlement Date. 

(vi) In connection with any Successful Triggered Early Remarketing, the Company shall cause all accrued and unpaid
Deferred Interest (including compounded interest thereon) to be paid to the Holders of the Notes as of the close of business on the 15th calendar day prior to the Triggered Early Settlement Date (whether or not such Notes were remarketed in such
Successful Triggered Early Remarketing) on the Triggered Early Settlement Date in Cash or by issuing Deferral Securities to the Holders of such Notes in an aggregate principal amount equal to the amount of all such Deferred Interest (including
compounded interest thereon). 
 (vii) If, in spite of its reasonable best efforts, the Remarketing Agent(s)
cannot remarket the Notes during the Triggered Early Remarketing Period at a price equal to or greater than the applicable Remarketing Price or a condition precedent set forth in the Remarketing Agreement is not fulfilled, the remarketing will be
deemed to have failed (a “Failed Triggered Early Remarketing”). The Company shall cause a 

  
 58 









 
notice of the Failed Triggered Early Remarketing to be published before 9:00 a.m., New York City time, on the Business Day immediately following the last date of the Triggered Early Remarketing
Period. This notice shall be validly published by making a timely release to any appropriate news agency, including, without limitation, Bloomberg Business News and the Dow Jones News Service. 

Following a Failed Triggered Early Remarketing, as of the Triggered Early Settlement Date, each Holder of any Pledged
Applicable Ownership Interests in Notes shall be deemed to have exercised such Holder’s Put Right with respect to the Notes underlying such Pledged Applicable Ownership Interests in Notes and to have elected to apply a portion of the Proceeds
equal to the principal amount of the Notes against such Holder’s obligation to pay the aggregate Purchase Price for the shares of Convertible Preferred Stock to be issued under the related Purchase Contracts in full satisfaction of such
Holder’s Obligations under such Purchase Contracts. Following such application, each such Holder’s Obligations, including to pay the Purchase Price for the shares of Convertible Preferred Stock, will be deemed to be satisfied in full, and
the Collateral Agent shall, upon receipt of instructions from the Company, cause the Securities Intermediary to release the Notes underlying such Pledged Applicable Ownership Interests in Notes from the Collateral Account and shall promptly transfer
such Notes to the Company. Thereafter, the Collateral Agent shall promptly remit the remaining portion of the Proceeds of the Holder’s exercise of the Put Right in excess of the aggregate Purchase Price for the shares of Convertible Preferred
Stock to be issued under such Purchase Contracts to the Purchase Contract Agent for payment to the Holder of the Corporate Units to which such Applicable Ownership Interests in Notes relate. 

Following a Failed Triggered Early Remarketing, as of the Triggered Early Settlement Date, each Holder of Treasury Units
shall be deemed to have elected to apply a portion of the Cash constituting such Holder’s Pro Rata Portions of the Treasury Unit Collateral equal to the aggregate Purchase Price for the shares of Convertible Preferred Stock to be issued under
the related Purchase Contracts to satisfy such Holder’s obligation to pay such aggregate Purchase Price in full satisfaction of such Holder’s Obligations under such Purchase Contracts. Following such application, each such Holder’s
Obligations, including to pay the Purchase Price for the shares of Convertible Preferred Stock, will be deemed to be satisfied in full, and the Collateral Agent shall, upon receipt of instructions from the Company, cause the Securities Intermediary
to release such Cash from the Collateral Account and shall promptly transfer such Cash to the Company. Thereafter, the Collateral Agent shall promptly remit the remaining Cash constituting the Holder’s Pro Rata Portions of the


  
 59 









 
Treasury Unit Collateral in excess of the aggregate Purchase Price for the shares of Convertible Preferred Stock to be issued under such Purchase Contracts to the Purchase Contract Agent for
payment to the Holder of the Treasury Units to which such Pro Rata Portions of the Treasury Unit Collateral relate. 
 Following a Failed Triggered Early Remarketing, as of the Triggered Early Settlement Date, each Holder of Cash Settled Units shall be deemed to have elected to apply the Cash component of such
Holder’s Cash Settled Units to satisfy such Holder’s obligation to pay the aggregate Purchase Price for the shares of Convertible Preferred Stock to be issued under the related Purchase Contracts in full satisfaction of such Holder’s
Obligations under such Purchase Contracts. Following such application, each such Holder’s Obligations, including to pay the Purchase Price for the shares of Convertible Preferred Stock, will be deemed to be satisfied in full, and the Collateral
Agent shall cause the Securities Intermediary to release such Cash from the Collateral Account and shall promptly transfer such Cash to the Company. 
 For the avoidance of doubt, nothing in this Section 5.02(b)(vi) shall prevent holders of Separate Notes from exercising their Put Right after a Failed Triggered Early Remarketing. 

(viii) The Company shall pay all deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments
thereon) accrued to, but excluding, the Triggered Early Settlement Date to the Person or Persons to whom shares of Convertible Preferred Stock are being delivered on such date. 

(c) Final Remarketing. (i) Unless a Termination Event or a Successful Optional Remarketing has occurred, in order to dispose
of the Notes underlying Pledged Applicable Ownership Interests in Notes of any Holders of Corporate Units, the Company shall engage the Remarketing Agent(s), pursuant to the terms of the Remarketing Agreement, to use its reasonable best efforts to
remarket such Notes, along with any Separate Notes, the holders of which have elected to participate in a Final Remarketing pursuant to Section 5.02(f) below, during the Final Remarketing Period. 

(ii) The Company shall notify the Purchase Contract Agent and request that the Depositary notify the Depositary
Participants holding Corporate Units, Treasury Units and Separate Notes of the Final Remarketing no later than October 21, 2015 and the Business Day following the last day of any Optional Remarketing Period ending on or prior to
October 23, 2015, provided that if an Optional Remarketing Period is scheduled to end after October 23, 2015, such notice of the Final 

  
 60 









 
Remarketing will be included in the notice of that Optional Remarketing Period and will indicate that the Final Remarketing is contingent upon either (i) failure of such Optional Remarketing
or (ii) the Company’s election not to remarket the Notes during such Optional Remarketing Period. 

(iii) The Purchase Contract Agent shall notify the Remarketing Agent(s) in writing, promptly after 5:00 p.m. (New York
City time) on the Business Day immediately preceding the first day of the Final Remarketing Period, of the aggregate principal amount of Notes underlying the Pledged Applicable Ownership Interests in Notes that are to be remarketed, and the
Custodial Agent shall notify in writing the Remarketing Agent(s) of the aggregate principal amount of Separate Notes (if any) to be remarketed pursuant to Section 5.02(f) below. 

(iv) The Company may postpone the Final Remarketing in its absolute discretion on any day prior to the last three Business
Days of the Final Remarketing Period. The Company will promptly furnish notice of any such postponement to the Purchase Contract Agent. 
 (v) If the Remarketing Agent(s) is able to remarket such Notes and the Separate Notes (if any) for at least the applicable Remarketing Price in any Final Remarketing in accordance with the Remarketing
Agreement (a “Successful Final Remarketing”), the Collateral Agent shall, upon receipt of instructions from the Company, cause the Securities Intermediary to transfer to the Remarketing Agent(s) the remarketed Notes underlying the
Pledged Applicable Ownership Interests in Notes upon confirmation of deposit to the Collateral Account of proceeds of such Successful Final Remarketing attributable to such Notes, and the Custodial Agent shall transfer the remarketed Separate Notes
to the Remarketing Agent(s) upon confirmation of receipt of proceeds of such Successful Final Remarketing attributable to such Separate Notes. Settlement shall occur on the Remarketing Settlement Date. Upon deposit in the Collateral Account of such
proceeds, the Collateral Agent shall, on the Purchase Contract Settlement Date, in consultation with the Purchase Contract Agent and upon direction of the Company, instruct the Securities Intermediary to remit a portion of such proceeds equal to the
aggregate principal amount of such Notes to satisfy in full the Obligations of Holders of Corporate Units to pay the Purchase Price for the shares of Convertible Preferred Stock under the related Purchase Contracts, and promptly remit the balance of
such proceeds to the Purchase Contract Agent for payment to the Holders of Corporate Units whose Notes underlying the Pledged Applicable Ownership Interests in Notes were remarketed, whereupon the Purchase Contract Agent shall make such payment on
the Purchase Contract Settlement Date pro rata in accordance with their respective 

  
 61 









 
interests. With respect to any Separate Notes remarketed, the Custodial Agent shall remit such proceeds of the Successful Final Remarketing received from the Remarketing Agent(s) pro rata to
Holders of such Separate Notes on the Purchase Contract Settlement Date. 
 (vi) In connection with any
Successful Final Remarketing, the Company shall cause all accrued and unpaid Deferred Interest (including compounded interest thereon) to be paid to the Holders of the Notes (whether or not such Notes were remarketed in such Successful Final
Remarketing) on the Purchase Contract Settlement Date in Cash. 
 (vii) If, in spite of its reasonable best
efforts, the Remarketing Agent(s) cannot remarket the Notes during the Final Remarketing Period at a price equal to or greater than the applicable Remarketing Price or a condition precedent set forth in the Remarketing Agreement is not fulfilled,
the remarketing will be deemed to have failed (a “Failed Final Remarketing”). The Company shall cause a notice of the Failed Final Remarketing to be published before 9:00 a.m., New York City time, on the Business Day immediately
following the last date of the Final Remarketing Period. This notice shall be validly published by making a timely release to any appropriate news agency, including, without limitation, Bloomberg Business News and the Dow Jones News Service.

 Following a Failed Final Remarketing, as of the Purchase Contract Settlement Date, each Holder of any Pledged
Applicable Ownership Interests in Notes shall be deemed to have exercised such Holder’s Put Right with respect to the Notes underlying such Pledged Applicable Ownership Interests in Notes and to have elected to apply a portion of the Proceeds
equal to the principal amount of the Notes against such Holder’s obligation to pay the aggregate Purchase Price for the shares of Convertible Preferred Stock to be issued under the related Purchase Contracts in full satisfaction of such
Holder’s Obligations under such Purchase Contracts. Following such application, each such Holder’s Obligations, including to pay the Purchase Price for the shares of Convertible Preferred Stock, will be deemed to be satisfied in full, and
the Collateral Agent shall, upon receipt of instructions from the Company, cause the Securities Intermediary to release the Notes underlying such Pledged Applicable Ownership Interests in Notes from the Collateral Account and shall promptly transfer
such Notes to the Company. Thereafter, the Collateral Agent shall promptly remit the remaining portion of the Proceeds of the Holder’s exercise of the Put Right in excess of the aggregate Purchase Price for the shares of Convertible Preferred
Stock to be issued under such Purchase Contracts to the Purchase Contract Agent for payment to the Holder of the Corporate Units to which such Applicable Ownership Interests in Notes relate. 

  
 62 









  

Following a Failed Final Remarketing, as of the Purchase Contract Settlement Date, each Holder of Treasury Units shall be
deemed to have elected to apply a portion of the Cash constituting such Holder’s Pro Rata Portions of the Treasury Unit Collateral equal to the aggregate Purchase Price for the shares of Convertible Preferred Stock to be issued under the
related Purchase Contracts to satisfy such Holder’s obligation to pay such aggregate Purchase Price in full satisfaction of such Holder’s Obligations under such Purchase Contracts. Following such application, each such Holder’s
Obligations, including to pay the Purchase Price for the shares of Convertible Preferred Stock, will be deemed to be satisfied in full, and the Collateral Agent shall, upon receipt of instructions from the Company, cause the Securities Intermediary
to release such Cash from the Collateral Account and shall promptly transfer such Cash to the Company. Thereafter, the Collateral Agent shall promptly remit the remaining Cash constituting the Holder’s Pro Rata Portions of the Treasury Unit
Collateral in excess of the aggregate Purchase Price for the shares of Convertible Preferred Stock to be issued under such Purchase Contracts to the Purchase Contract Agent for payment to the Holder of the Treasury Units to which such Pro Rata
Portions of the Treasury Unit Collateral relate. 
 Following a Failed Final Remarketing, as of the Purchase
Contract Settlement Date, each Holder of Cash Settled Units shall be deemed to have elected to apply the Cash component of such Holder’s Cash Settled Units to satisfy such Holder’s obligation to pay the aggregate Purchase Price for the
shares of Convertible Preferred Stock to be issued under the related Purchase Contracts in full satisfaction of such Holder’s Obligations under such Purchase Contracts. Following such application, each such Holder’s Obligations, including
to pay the Purchase Price for the shares of Convertible Preferred Stock, will be deemed to be satisfied in full, and the Collateral Agent shall, upon receipt of instructions from the Company, cause the Securities Intermediary to release such Cash
from the Collateral Account and shall promptly transfer such Cash to the Company. 
 For the avoidance of doubt,
nothing in this Section 5.02(c)(vii) shall prevent holders of Separate Notes from exercising their Put Right after a Failed Final Remarketing. 
 (d) In connection with an Optional Remarketing, a Triggered Early Remarketing or a Final Remarketing (i) interest on the remarketed Notes will be payable semi-annually in arrears, commencing on an
interest payment date for the Notes selected by the Remarketing Agent(s) in consultation with the Company, (ii) the interest deferral provisions of the remarketed Notes shall not apply and (iii) the remarketed Notes shall rank senior to
all of the Company’s existing and future junior subordinated indebtedness and junior to all of the Company’s existing and future Senior Indebtedness. 

  
 63 









  
 (e) In connection with
any Remarketing, the Remarketing Agent(s), in consultation with the Company and in accordance with the Remarketing Agreement, may elect to reset the Interest Rate on the remarketed Notes. In addition, pursuant to the terms of the Indenture, in
connection with any Remarketing, (i) the notes will rank senior to all existing and future unsecured junior subordinated obligations of the Company and junior to all existing and future senior indebtedness of the Company and (ii) interest
will be payable semi-annually in arrears, commencing on the immediately following February 17, May 17, August 17 or November 17 as selected by the Company in consultation with the Remarketing Agent(s). These
modifications shall become effective if the Remarketing is successful, without the consent of the Holders, upon the Remarketing Settlement Date. If a Successful Remarketing occurs, the Company will request the Depositary to notify the Depositary
Participants holding Notes of the Reset Rate, interest payment dates and ranking for the remarketed Notes on the Business Day following the date of the Successful Remarketing. 
 (f) Prior to 5:00 p.m. (New York City time) on the second Business Day immediately preceding an Applicable Remarketing Period, other than during a Blackout Period, Holders of Separate Notes may elect to
have their Separate Notes remarketed in such Remarketing in the same manner as the Notes by delivering their Separate Notes along with a notice of this election, substantially in the form of Exhibit M attached hereto, to the Custodial Agent. After
such time, such election shall become an irrevocable election to have such Separate Notes remarketed in all Remarketings to occur in the Applicable Remarketing Period. The Custodial Agent shall hold the Separate Notes in an account separate from the
collateral account in which the Notes shall be held. Holders electing to have their Notes remarketed shall also have the right to withdraw the election by written notice to the Collateral Agent, substantially in the form of Exhibit N hereto, at any
time prior to 5:00 p.m., New York City time, on the second Business Day immediately preceding the first day of the Applicable Remarketing Period. In the event of a Successful Remarketing during the Optional Remarketing Period, each holder of
Separate Notes that elects to have its Notes remarketed shall receive for each $1,000 principal amount of Notes, the Remarketing Price Per Note. In the event of a Successful Remarketing during the Final Remarketing Period, each holder of Separate
Notes that elects to have its Notes remarketed shall receive an amount, for each $1,000 principal amount of Notes, equal to $1,000 in Cash. Any accrued and unpaid interest on such Notes, including any accrued and unpaid Deferred Interest (including
compounded interest thereon), shall be paid in Cash by the Company on the Purchase Contract Settlement Date. In the event of a Successful Remarketing during the Triggered Early Remarketing Period, each holder of Separate Notes that elects to have
its Notes remarketed shall receive an amount, for each $1,000 principal amount of Notes, equal to $1,000 plus any accrued and unpaid interest on such Notes (excluding Deferred Interest and compounded interest thereon) in Cash. Any


  
 64 









 
Deferred Interest and compounded interest on such Notes shall be paid by the Company in Cash or by issuing Deferral Securities in an aggregate principal amount equal to the amount of all such
Deferred Interest (including compounded interest thereon) to such holder on the Triggered Early Settlement Date. 
 (g) For the
avoidance of doubt, the right of each holder of the Notes underlying the aggregate Applicable Ownership Interests in Notes that are components of Corporate Units and the Separate Notes, the holders of which have elected to participate in any
Remarketing, to have such Notes remarketed and sold on any Remarketing Date shall be subject to the conditions that (i)(1) the Remarketing Agent(s) conducts an Optional Remarketing, or (2) in the case of a Final Remarketing, that no Successful
Optional Remarketing or Triggered Early Settlement Date has occurred, each pursuant to the terms of this Agreement, (ii) a Termination Event has not occurred prior to such Remarketing Date, (iii) the Remarketing Agent(s) is able to find a
purchaser or purchasers for such Notes at the applicable Remarketing Price based on the Reset Rate, and (iv) such purchaser or purchasers deliver the purchase price therefor to the Remarketing Agent(s) as and when required. 

(h) The Company agrees to use its commercially reasonable efforts to ensure that, if required by applicable law, a registration
statement, including a prospectus, under the Securities Act with regard to the full amount of the Notes to be remarketed in each Remarketing in each case shall be effective with the Securities and Exchange Commission in a form that may be used by
the Remarketing Agent(s) in connection with such Remarketing (unless such registration statement is not required under the applicable laws and regulations that are in effect at that time or unless the Company conducts any Remarketing in accordance
with an exemption under the securities laws). 
 (i) The Company will separately pay the Remarketing Fee to the Remarketing
Agent(s) for its service in connection with any Successful Remarketing. Holders whose Notes are remarketed will not be responsible for the payment of any Remarketing Fee. 
 (j) In the case of a Corporate Unit (if Applicable Ownership Interests in the Treasury Portfolio have replaced the Applicable Ownership Interests in Notes as a component of such Corporate Unit), if the
appropriate Pledged Applicable Ownership Interests in the Treasury Portfolio held by the Securities Intermediary mature prior to the Purchase Contract Settlement Date, the principal amount of the Treasury Securities received by the Securities
Intermediary shall be placed in the Collateral Account. On the Purchase Contract Settlement Date, an amount equal to the Purchase Price for all related Purchase Contracts shall be remitted to the Company as payment of such Holder’s Obligations
under such Purchase Contracts without receiving any instructions from the Holder. In the event the sum of the Proceeds from the related Pledged Applicable Ownership Interests in 

  
 65 









 
the Treasury Portfolio is in excess of the aggregate Purchase Price, the Collateral Agent shall cause the Securities Intermediary to distribute such excess, when received by the Securities
Intermediary, to the Purchase Contract Agent for the benefit of the Holder of the related Corporate Units, as applicable. 
 (k)
The obligations of the Holders to pay the Purchase Price are non-recourse obligations and, except to the extent satisfied by Early Settlement, or Fundamental Change Early Settlement or terminated upon a Termination Event, are payable solely out of
the proceeds of any Collateral pledged to secure the obligations of the Holders, and in no event will Holders be liable for any deficiency between the proceeds of the disposition of Collateral and the Purchase Price. 

(l) The Company shall not be obligated to issue any shares of Convertible Preferred Stock in respect of a Purchase Contract or deliver
any certificates thereof to the Holder of the related Units unless the Company shall have received, subject to Section 5.02(k), payment for the Convertible Preferred Stock to be purchased thereunder in the manner herein set forth. 

Section 5.03. Issuance of Shares of Convertible Preferred Stock. Unless a Termination Event, an Early Settlement or a
Fundamental Change Early Settlement shall have occurred, on the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, upon receipt of the aggregate Purchase Price payable on all Outstanding Units in accordance with
Section 5.02, the Company shall issue and deposit with the Purchase Contract Agent, for the benefit of the Holders of the Outstanding Units, one or more certificates representing newly issued shares of Convertible Preferred Stock registered in
the name of the Purchase Contract Agent (or its nominee) as custodian for the Holders to which the Holders are entitled hereunder; provided, that, in case such Convertible Preferred Stock is to be delivered through the facilities of DTC or
another Depositary, the Company shall cause its stock transfer agent to deliver beneficial interests in such Convertible Preferred Stock on behalf of the Purchase Contract Agent through such facilities to the Holders entitled thereto. 

Subject to the foregoing, upon presentation and surrender of a Certificate, if in certificated form, to the Purchase Contract Agent on or
after the Purchase Contract Settlement Date, Triggered Early Settlement Date, Early Settlement Date or Fundamental Change Early Settlement Date, as the case may be, together with settlement instructions thereon duly completed and executed, the
Holder of such Certificate shall be entitled to receive forthwith in exchange therefor a certificate representing that number of newly issued whole shares of Convertible Preferred Stock which such Holder is entitled to receive pursuant to the
provisions of this Article 5 (after taking into account all Units then held by such Holder), and the Certificate so surrendered shall forthwith be cancelled. Such shares shall be registered in the name of the Holder or the Holder’s designee as
specified in the 

  
 66 









 
settlement instructions set forth on the reverse of the Certificate provided by the Holder to the Purchase Contract Agent. If any shares of Convertible Preferred Stock issued in respect of a
Purchase Contract are to be registered in the name of a Person other than the Person in whose name the Certificate evidencing such Purchase Contract is registered (but excluding any Depositary or nominee thereof), no such registration shall be made
unless and until the Person requesting such registration has paid any transfer and other taxes (including any applicable stamp taxes) required by reason of such registration in a name other than that of the registered Holder of the Certificate
evidencing such Purchase Contract or has established to the satisfaction of the Company that such tax either has been paid or is not payable. 
 Section 5.04. Fundamental Change Early Settlement. 
 (a) Prior to the
Purchase Contract Settlement Date, upon the occurrence of a Fundamental Change, then a Holder of a Unit may settle (a “Fundamental Change Early Settlement”) its Purchase Contract, upon the conditions and in the manner set forth
below; provided that no Fundamental Change Early Settlement will be permitted pursuant to this Section 5.04(a) unless, at the time such Fundamental Change Early Settlement is effected, there is an effective Registration Statement with
respect to any shares of Convertible Preferred Stock to be issued and delivered in connection with such Fundamental Change Early Settlement, if such a Registration Statement is required (in the view of counsel, which need not be in the form of a
written opinion, for the Company) under the Securities Act. If such a Registration Statement is so required, the Company covenants and agrees to use its commercially reasonable efforts to (x) have in effect a Registration Statement covering the
Convertible Preferred Stock to be delivered in respect of the Purchase Contracts being settled and (y) provide a Prospectus in connection therewith, in each case in a form that may be used in connection with such Fundamental Change Early
Settlement (it being understood that if there is a material business transaction or development that has not yet been publicly disclosed, the Company will not be required to provide such a Prospectus, and the right to effect Fundamental Change Early
Settlement will not be available, until the Company has publicly disclosed such transaction or development, provided that the Company will use its commercially reasonable efforts to make such disclosure as soon as it is commercially reasonable to do
so). In the event that a Holder seeks to exercise its Fundamental Change Early Settlement right and a Registration Statement is required to be effective in connection with the exercise of such right but no such Registration Statement is then
effective, the Holder’s exercise of such right shall be void unless and until such a Registration Statement shall be effective, but such Holder shall receive consideration calculated as described in this Section 5.04(a) when such
Registration Statement becomes effective. If a Holder elects a Fundamental Change Early Settlement of some or all of its Purchase Contracts, such Holder shall be entitled to receive, on the Fundamental Change Early Settlement Date, the aggregate
amount of any accrued 

  
 67 









 
and unpaid Contract Adjustment Payments (including deferred Contract Adjustment Payments and Compounded Contract Adjustment Payments thereon), with respect to such Purchase Contracts (except when
the Fundamental Change Early Settlement Date falls after any Record Date and prior to the next succeeding Payment Date, in which case Contract Adjustment Payments shall be payable to the Person in whose name a Certificate is registered at the close
of business on such Record Date relating to the next succeeding Payment Date). The Company shall pay such amount as a credit against the amount otherwise payable by such Holder to effect such Fundamental Change Early Settlement. 

Not less than 20 Business Days prior to the anticipated effective date of a Fundamental Change, but in any event not later than the
earlier of (i) two Business Days following the Company’s becoming aware of the occurrence of a Fundamental Change and (ii) the effective date of such Fundamental Change, the Company shall provide notice to Holders and the Purchase
Contract Agent of the anticipated effective date of such Fundamental Change. In addition, the Company shall provide each Holder and the Purchase Contract Agent with notice of a Fundamental Change within five Business Days after the effective date of
such Fundamental Change, which shall specify, in addition to all of the information contained in the Fundamental Change Company Notice (as if shares of Convertible Preferred Stock were outstanding on the date of such notice), the date on which such
Fundamental Change Early Settlement shall occur (which date shall be at least ten Business Days after the effective date of such Fundamental Change but no later than the earliest of (x) 20 Business Days after the effective date of such
Fundamental Change and (y) (i) one Business Day prior to the first day of the commencement of a Triggered Early Remarketing Period, (ii) one Business Day prior to the first day of the commencement of an Optional Remarketing Period,
or, if the Company has not specified an Optional Remarketing Period or the Optional Remarketing is not successful, (iii) the commencement of the Final Remarketing Period or, if the Final Remarketing is not successful, (iv) the Purchase
Contract Settlement Date (such date, the “Fundamental Change Early Settlement Date”), the consideration receivable by the Holder, including the amount of Contract Adjustment Payments receivable, upon settlement. Notwithstanding the
foregoing, if the Final Remarketing Period begins less than ten Business Days following the occurrence of a Fundamental Change, the notice will specify the Purchase Contract Settlement Date as the Fundamental Change Early Settlement Date.

 Corporate Units Holders (unless Applicable Ownership Interests in the Treasury Portfolio have replaced Applicable Ownership
Interests in Notes as a component of the Corporate Units) and Treasury Units Holders may only effect Fundamental Change Early Settlement pursuant to this Section 5.04(a) in integral multiples of 10 Corporate Units or Treasury Units, as the case
may be. If Applicable Ownership Interests in the Treasury Portfolio have replaced Applicable Ownership Interests in Notes as a component of the Corporate Units, 

  
 68 









 
Corporate Units Holders may only effect Fundamental Change Early Settlement pursuant to this Section 5.04(a) in multiples of 16,000 Corporate Units. Other than the provisions relating to
timing of notice and settlement, which shall be as set forth above, the provisions of Section 5.01 shall apply with respect to a Fundamental Change Early Settlement pursuant to this Section 5.04(a). 

In order to exercise the right to effect a Fundamental Change Early Settlement with respect to any Purchase Contracts, the Holder of the
Certificate evidencing Units shall deliver, no later than 5:00 p.m. (New York City time) on the second Business Day immediately preceding the Fundamental Change Early Settlement Date, such Certificate to the Purchase Contract Agent at the Corporate
Trust Office duly endorsed for transfer to the Company or in blank with the form of Election to Settle Early on the reverse thereof duly completed and accompanied by either (X) in the case of Corporate Units, Notes underlying the Pledged
Applicable Ownership Interests in Notes (which delivery may occur through delivery by the Collateral Agent, upon receipt of instructions from the Company, of the Pledged Applicable Ownership Interests in Notes underlying such Holder’s Corporate
Units, which the Collateral Agent is hereby authorized to deliver on such Holder’s behalf) or (Y) payment (payable to the Company in immediately available funds), in each case in an amount equal to (or having an aggregate principal amount
equal to) the aggregate Purchase Price corresponding to the number of Purchase Contracts with respect to which the Holder has elected to effect Fundamental Change Early Settlement. 

In the event that Units are held by or through DTC or another Depositary, the exercise of the right to effect Fundamental Change Early
Settlement shall occur in conformity with the standing arrangements between DTC or such Depositary and the Purchase Contract Agent. 
 Upon receipt of such Certificate and receipt of such Notes or payment of such funds, as the case may be, the Purchase Contract Agent shall deliver such Notes to the Company or pay the Company from such
funds the related Purchase Price pursuant to the terms of the related Purchase Contracts, and notify the Collateral Agent that all the conditions necessary for a Fundamental Change Early Settlement by a Holder have been satisfied pursuant to which
the Purchase Contract Agent has received from such Holder, and paid to the Company as confirmed in writing by the Company, the related Purchase Price or Notes having an aggregate principal amount equal to such Purchase Price. 

Upon receipt by the Collateral Agent of the notice from the Purchase Contract Agent set forth in the immediately preceding paragraph, the
Collateral Agent shall release from the Pledge, (1) the Notes underlying the Pledged Applicable Ownership Interests in Notes or the Pledged Applicable Ownership Interests in the Treasury Portfolio, in the case of a Holder of Corporate Units who
elected to effect a Fundamental Change Early Settlement by delivering Cash in 

  
 69 









 
satisfaction of the payment obligation described above or (2) the Proceeds of the applicable Pro Rata Portions of the Treasury Unit Collateral corresponding to the number of Purchase
Contracts as to which such Holder of Treasury Units has elected to effect a Fundamental Change Early Settlement, and shall instruct the Securities Intermediary to Transfer all such Pledged Applicable Ownership Interests in the Treasury Portfolio or
Notes underlying Pledged Applicable Ownership Interests in Notes or applicable Proceeds of the Treasury Unit Collateral, as the case may be, to the Purchase Contract Agent for distribution to such Holder, in each case free and clear of the Pledge
created hereby. 
 If a Holder properly effects an effective Fundamental Change Early Settlement in accordance with the
provisions of this Section 5.04(a), the Company will deliver (or will cause the Collateral Agent to deliver) to the Holder on the Fundamental Change Early Settlement Date for each Purchase Contract with respect to which such Holder has elected
Fundamental Change Early Settlement: 
 (i) one share of Convertible Preferred Stock per Purchase Contract;

 (ii) if the Holder has elected to effect the Fundamental Change Early Settlement by delivering Cash in
satisfaction of the payment obligation described above, the Notes, the Applicable Ownership Interests in the Treasury Portfolio or applicable Proceeds of a Pro Rata Portion of the Treasury Unit Collateral, as the case may be, related to each Unit
with respect to which the Holder is effecting a Fundamental Change Early Settlement, free and clear of the Pledge created hereby; 
 (iii) to the extent any accrued and unpaid Contract Adjustment Payments (including any deferred Contract Adjustment Payments and Compounded Contract Adjustment Payments thereon) with respect to such
Purchase Contract to, but excluding, the Fundamental Change Early Settlement Date exceed the applicable Purchase Price, Cash in the amount of such excess; and 
 (iv) if so required under the Securities Act, a Prospectus as contemplated by this Section 5.04(a). 
 For the avoidance of doubt, any accrued and unpaid Contract Adjustment Payments (including any deferred Contract Adjustment Payments and Compounded Contract Adjustment Payments thereon) with respect to
such Purchase Contract to, but excluding, the Fundamental Change Early Settlement Date shall be due and payable by the Company on the Fundamental Change Early Settlement Date for such Purchase Contract. 

  
 70 









  
 The Corporate Units or
the Treasury Units of the Holders who do not elect Fundamental Change Early Settlement in accordance with the foregoing will continue to remain outstanding and be subject to settlement on the Purchase Contract Settlement Date or the Triggered Early
Settlement Date, as applicable, in accordance with the terms hereof. 
 (b) All calculations and determinations pursuant to this
Article 5 shall be made by the Company or its agent and the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the Securities Intermediary shall have no responsibility with respect to this Agreement. 

Section 5.05. Termination Event; Notice. The Purchase Contracts and all obligations and rights of the Company and the Holders
thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Contract Adjustment Payments (including any deferred Contract Adjustment Payments and Compounded Contract Adjustment
Payments thereon), and the rights and obligations of Holders to purchase Convertible Preferred Stock, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the
Company, if, prior to or on the Purchase Contract Settlement Date, a Termination Event shall have occurred. 
 Upon and after
the occurrence of a Termination Event, the Units shall thereafter represent the right to receive Notes underlying the Applicable Ownership Interests in Notes, the Pro Rata Portions of the Treasury Unit Collateral, the Cash or the Applicable
Ownership Interests in the Treasury Portfolio, as the case may be, forming part of such Units, in accordance with the provisions of Section 3.16 hereof. Upon the occurrence of a Termination Event, (i) the Company shall promptly but in no
event later than two Business Days thereafter give notice to the Purchase Contract Agent, the Collateral Agent and the Holders, at their addresses as they appear in the Security Register and (ii) the Collateral Agent shall, in accordance with
Section 3.16 hereof, release the Notes underlying the Pledged Applicable Ownership Interests in Notes or the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership
Interest in the Treasury Portfolio) forming a part of each Corporate Unit, the Pro Rata Portion of the Treasury Unit Collateral forming a part of each Treasury Unit or the Cash forming a part of each Cash Settled Unit, as the case may be, from the
Pledge. 
 Section 5.06. Early Settlement. (a) Subject to and upon compliance with the provisions of this
Section 5.06, at the option of the Holder thereof, other than during a Blackout Period, Purchase Contracts underlying Units may be settled early (“Early Settlement”) at any time; provided that no Early Settlement will be
permitted pursuant to this Section 5.06 unless, at the time such Early Settlement is effected, there is an effective Registration Statement with respect to the shares of 

  
 71 









 
Convertible Preferred Stock to be issued and delivered in connection with such Early Settlement, if such a Registration Statement is required (in the view of counsel, which need not be in the
form of a written opinion, for the Company) under the Securities Act. If such a Registration Statement is so required, the Company covenants and agrees to use its commercially reasonable efforts to (i) have in effect a Registration Statement
covering those shares of Convertible Preferred Stock to be delivered in respect of the Purchase Contracts being settled and (ii) provide a Prospectus in connection therewith, in each case in a form that may be used in connection with such Early
Settlement (it being understood that if there is a material business transaction or development that has not yet been publicly disclosed, the Company will not be required to provide such a Prospectus, and the right to effect Early Settlement will
not be available, until the Company has publicly disclosed such transaction or development, provided that the Company will use its commercially reasonable efforts to make such disclosure as soon as it is commercially reasonable to do so).

 (b) In order to exercise the right to effect Early Settlement with respect to any Purchase Contracts, the Holder of the
Certificate evidencing Units (in the case of Certificates in definitive certificated form) shall deliver, at any time, other than during a Blackout Period, such Certificate to the Purchase Contract Agent at the Corporate Trust Office duly endorsed
for transfer to the Company or in blank with the form of Election to Settle Early on the reverse thereof duly completed and accompanied by payment (payable to the Company in immediately available funds) in an amount (the “Early Settlement
Amount”) equal to the sum of: 
 (i) the aggregate Purchase Price for the number of Purchase Contracts
with respect to which the Holder has elected to effect Early Settlement, plus, 
 (ii) if such delivery is made
with respect to any Purchase Contracts during the period from the close of business on any Record Date next preceding any Payment Date to the opening of business on such Payment Date, an amount equal to the Contract Adjustment Payments payable on
such Payment Date with respect to such Purchase Contracts, unless the Company has elected to defer the Contract Adjustment Payments payable on such Payment Date. 
 In the case of Book-Entry Interests, each Beneficial Owner electing Early Settlement must deliver the Early Settlement Amount to the Purchase Contract Agent along with a facsimile of the Election to
Settle Early form duly completed, make book-entry transfer of such Book-Entry Interests and comply with the applicable procedures of the Depositary by the applicable time set forth above in this Section 5.06. In addition, so long as the Units
are evidenced by one or more Global Certificates deposited with the Depositary, procedures for Early Settlement will also be governed by standing arrangements between the Depositary and the Purchase Contract Agent. 

  
 72 









  
 Except as provided in
Section 5.09(d), no payment shall be made upon Early Settlement of any Purchase Contract on account of any Contract Adjustment Payments (other than deferred Contract Adjustment Payments and any Compounded Contract Adjustment Payments thereon)
accrued on such Purchase Contract or on account of any dividends on the Convertible Preferred Stock issued upon such Early Settlement. If the foregoing requirements are first satisfied with respect to Purchase Contracts underlying any Units at or
prior to 5:00 p.m. (New York City time) on a Business Day, such day shall be the “Early Settlement Date” with respect to such Units and if such requirements are first satisfied after 5:00 p.m. (New York City time) on a Business Day
or on a day that is not a Business Day, the Early Settlement Date with respect to such Units shall be the next succeeding Business Day. 
 Upon the receipt of such Certificate, Election to Settle Early form duly completed and Early Settlement Amount from the Holder, the Purchase Contract Agent shall pay to the Company such Early Settlement
Amount, the receipt of which payment the Company shall confirm in writing. The Purchase Contract Agent shall then notify the Collateral Agent that (A) such Holder has elected to effect an Early Settlement, which notice shall set forth the
number of such Purchase Contracts as to which such Holder has elected to effect Early Settlement, (B) the Purchase Contract Agent has received from such Holder, and paid to the Company as confirmed in writing by the Company, the related Early
Settlement Amount and (C) all conditions to such Early Settlement expressly set forth in this Agreement have been satisfied. 
 Upon receipt by the Collateral Agent of the notice from the Purchase Contract Agent set forth in the preceding paragraph, the Collateral Agent shall release from the Pledge, (1) in the case of a
Holder of Corporate Units, the Notes underlying the Pledged Applicable Ownership Interests in Notes, or the Pledged Applicable Ownership Interests in the Treasury Portfolio, as the case may be, relating to the Purchase Contracts to which Early
Settlement is effected, or (2) in the case of a Holder of Treasury Units, the Proceeds of the applicable Pro Rata Portions of the Treasury Unit Collateral corresponding to the number of Purchase Contracts as to which such Holder has elected to
effect Early Settlement, and shall instruct the Securities Intermediary to Transfer all such Pledged Applicable Ownership Interests in the Treasury Portfolio or Notes underlying such Pledged Applicable Ownership Interests in Notes or Proceeds of the
Treasury Unit Collateral, as the case may be, to the Purchase Contract Agent for distribution to such Holder, in each case free and clear of the Pledge created hereby. 
 Holders of Corporate Units and Treasury Units may only effect Early Settlement pursuant to this Section 5.06 in integral multiples of 20 Corporate


  
 73 









 
Units or 20 Treasury Units, as the case may be. If Applicable Ownership Interests in the Treasury Portfolio have replaced Applicable Ownership Interests in Notes as a component of the Corporate
Units, Corporate Units Holders may only effect Early Settlement pursuant to this Section 5.06 in integral multiples of 16,000 Corporate Units. 
 Upon Early Settlement of the Purchase Contracts, the rights of the Holders to receive and the obligation of the Company to pay any Contract Adjustment Payments (including any deferred Contract Adjustment
Payments and Compounded Contract Adjustment Payments thereon) with respect to such Purchase Contracts shall immediately and automatically terminate, except as provided in Section 5.09(d). 

(c) Upon Early Settlement of Purchase Contracts by a Holder of the related Units, the Company shall issue, and the Holder shall be
entitled to receive, a number of shares of Convertible Preferred Stock equal to the product of 0.85 and the Settlement Rate calculated as set forth in Section 5.01(a) for each Purchase Contract as to which Early Settlement is effected.

 (d) No later than the third Business Day after the Early Settlement Date, the Company shall cause the shares of Convertible
Preferred Stock issuable upon Early Settlement of Purchase Contracts to be issued and delivered, accompanied with a payment of Cash equal to the aggregate deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments
thereon), if any, through the Payment Date immediately preceding such Early Settlement Date. 
 (e) Upon Early Settlement of any
Purchase Contracts, and subject to receipt of shares of Convertible Preferred Stock from the Company and the Notes, the Applicable Ownership Interest in the Treasury Portfolio or the applicable Proceeds of the Treasury Unit Collateral, as the case
may be, from the Securities Intermediary, as applicable, the Purchase Contract Agent shall, in accordance with the instructions provided by the Holder thereof on the applicable form of Election to Settle Early on the reverse of the Certificate
evidencing the related Units: 
 (i) transfer to the Holder the Notes, the Applicable Ownership Interest in the
Treasury Portfolio or the applicable Proceeds of the Treasury Unit Collateral related to such Units, as the case may be, 
 (ii) deliver to the Holder a certificate or certificates for the full number of shares of Convertible Preferred Stock issuable upon such Early Settlement, and 

  
 74 









  
 (iii)
if so required under the Securities Act, deliver a Prospectus for the shares of Convertible Preferred Stock issuable upon such Early Settlement as contemplated by Section 5.06(a). 

(f) In the event that Early Settlement is effected with respect to Purchase Contracts underlying less than all the Units evidenced by a
Certificate, upon such Early Settlement the Company shall execute and the Purchase Contract Agent shall execute on behalf of the Holder, authenticate and deliver to the Holder thereof, at the expense of the Company, a Certificate evidencing the
Units as to which Early Settlement was not effected. 
 Section 5.07. No Fractional Shares. No fractional shares or
scrip representing fractional shares of Convertible Preferred Stock shall be issued or delivered upon settlement on the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, or upon Early Settlement or Fundamental
Change Early Settlement of any Purchase Contracts. 
 Section 5.08. Charges and Taxes. The Company will pay all
stock transfer and similar taxes attributable to the initial issuance and delivery of the shares of Convertible Preferred Stock pursuant to the Purchase Contracts; provided, however, that the Company shall not be required to pay any such tax
or taxes which may be payable in respect of any exchange of or substitution for a Certificate evidencing a Unit or any issuance of a share of Convertible Preferred Stock in a name other than that of the registered Holder of a Certificate surrendered
in respect of the Units evidenced thereby, other than in the name of the Purchase Contract Agent, as custodian for such Holder, and the Company shall not be required to issue or deliver such share certificates or Certificates unless or until the
Person or Persons requesting the transfer or issuance thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid. 

Section 5.09. Contract Adjustment Payments. (a) Subject to Section 5.09(d), the Company shall pay, on each Payment
Date, the Contract Adjustment Payments payable in respect of each Purchase Contract for the period from and including the immediately preceding Payment Date on which Contract Adjustment Payments were paid (or if none, November 5, 2010) to but
excluding such Payment Date to the Person in whose name a Certificate is registered at the close of business on the Record Date relating to such Payment Date. Contract Adjustment Payments on Global Certificates will be made by wire transfer of
immediately available funds to the Depositary. If the book-entry system for the Units has been terminated, the Contract Adjustment Payments will be payable at the office of the Purchase Contract Agent in the Borough of Manhattan, City of New York,
New York maintained for that purpose or, at the option of the Company, by check mailed to the address of the Person entitled thereto at such Person’s address as it appears on the Security Register as of the Record Date, or


  
 75 









 
by wire transfer to the account designated by such Person by a prior written notice to the Purchase Contract Agent, given at least ten calendar days prior to the Payment Date. If any Payment Date
is not a Business Day, then payment of the Contract Adjustment Payments payable on such date will be made on the next succeeding day that is a Business Day; provided that if such Business Day falls in the next succeeding calendar month, the
payment date for Contract Adjustment Payments or other distributions shall be brought forward to the immediately preceding Business Day; provided further that no interest or other amount shall accrue or be payable by the Company or to any
Holder in respect of such delay. Contract Adjustment Payments payable for any period will be computed on the basis of a 360-day year of twelve 30-day months. The Contract Adjustment Payments will accrue from November 5, 2010. 

(b) Upon the occurrence of a Termination Event, the Company’s obligation to pay future Contract Adjustment Payments and any deferred
Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) shall cease. 
 (c) Each Certificate
delivered under this Agreement upon registration of transfer of or in exchange for or in lieu of (including as a result of a Collateral Substitution or the recreation of Corporate Units) any other Certificate shall carry the right to accrued and
unpaid Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon), which right was carried by the Purchase Contracts underlying such other Certificates. 

(d) In the case of any Unit with respect to which Early Settlement or Fundamental Change Early Settlement of the underlying Purchase
Contract is effected on a date that is after any Record Date and prior to or on the next succeeding Payment Date, Contract Adjustment Payments and deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon)
otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Early Settlement or Fundamental Change Early Settlement, and such Contract Adjustment Payments and deferred Contract Adjustment Payments (including
Compounded Contract Adjustment Payments thereon) shall be paid to the Person in whose name the Certificate evidencing such Unit is registered at the close of business on such Record Date. Except as otherwise expressly provided in the immediately
preceding sentence, in the case of any Unit with respect to which Early Settlement of the underlying Purchase Contract is effected, Contract Adjustment Payments that would otherwise have accrued after the most recent Payment Date with respect to
such Purchase Contract shall not be payable. 

  
 76 









  
 Section 5.10.
Deferral of Contract Adjustment Payments. 
 (a) The Company has the right at any time, and from time to time, to defer
payment of all or part of the Contract Adjustment Payments in respect of each Purchase Contract by extending the period for payment of Contract Adjustment Payments to any subsequent Payment Date (an “Extension Period”), but not
beyond the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable (or, with respect to Purchase Contracts for which (i) an effective Fundamental Change Early Settlement has occurred, the Fundamental Change Early
Settlement Date or (ii) an effective Early Settlement has occurred, the quarterly Payment Date immediately preceding the Early Settlement Date). Prior to the expiration of any Extension Period, the Company may further extend such Extension
Period to any subsequent Payment Date, but not beyond the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable (or any applicable Fundamental Change Early Settlement Date or Payment Date immediately preceding the
Early Settlement Date, as the case may be). 
 If the Company so elects to defer Contract Adjustment Payments, the Company shall
pay additional Contract Adjustment Payments on such deferred installments of Contract Adjustment Payments at a rate equal to 4.75% per annum, compounding on each succeeding Payment Date, until such deferred installments are paid in full (the
accrued additional Contract Adjustment Payments thereon, being referred to herein as the “Compounded Contract Adjustment Payments”). The Company may pay any such Deferred Contract Adjustment Payments (including Compounded Contract
Adjustment Payments thereon) on any scheduled Payment Date. 
 At the end of each Extension Period, including as the same may be
extended as provided above, or, in the event of an effective Early Settlement or Fundamental Change Early Settlement, on the Early Settlement Date or Fundamental Change Early Settlement Date, as the case may be, the Company shall pay all deferred
Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) then due in the manner set forth in Section 5.09(a) (in the case of the end of an Extension Period), in the manner set forth in Section 5.06(b) (in
the case of an Early Settlement) or in the manner set forth in Section 5.04 (in the case of a Fundamental Change Early Settlement) to the extent such amounts are not deducted from the amount otherwise payable by the Holder in the case of any
Early Settlement or any Fundamental Change Early Settlement. In the event of an Early Settlement, the Company shall pay all deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) then payable, if any, on
the Purchase Contracts being settled early through the Payment Date immediately preceding the applicable Early Settlement Date. In the event of a Fundamental Change Early Settlement, the Company shall pay all deferred Contract Adjustment Payments
(including Compounded Contract Adjustment Payments thereon) due on the Purchase Contracts being settled on the Fundamental Change Early Settlement Date to but excluding such Fundamental Change Early Settlement Date. 

  
 77 









  
 Upon termination of
any Extension Period and the payment of all deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) and all accrued and unpaid Contract Adjustment Payments then due, the Company may commence a new Extension
Period; provided that such Extension Period, together with all extensions thereof, may not extend beyond the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable (or any applicable Early Settlement Date or
Fundamental Change Early Settlement Date). Except in the case of an Early Settlement or Fundamental Change Early Settlement, no Contract Adjustment Payments shall be due and payable during an Extension Period except at the end thereof. 

(b) The Company shall give written notice to the Purchase Contract Agent (and the Purchase Contract Agent shall promptly thereafter give
notice thereof to Holders of Purchase Contracts) of its election to extend any period for the payment of Contract Adjustment Payments, the expected length of any such Extension Period and any extension of any Extension Period, at least five Business
Days before the earlier of (i) the Record Date for the Payment Date on which Contract Adjustment Payments would have been payable except for the election to begin or extend the Extension Period or (ii) the date the Purchase Contract Agent
is required to give notice to any securities exchange or to Holders of Purchase Contracts of such Record Date or such Payment Date. 
 (c) The Company shall give written notice to the Purchase Contract Agent (and the Purchase Contract Agent shall promptly thereafter give notice thereof to Holders of Purchase Contracts) of the end of an
Extension Period or its election to pay any portion of the deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) on a Payment Date prior to the end of an Extension Period, at least five Business Days
before the earlier of (i) the Record Date for the Payment Date on which such Extension Period shall end or such payment of deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) shall be made or
(ii) the date the Purchase Contract Agent is required to give notice to any securities exchange or to Holders of Purchase Contracts of such Record Date or such Payment Date. 

(d) In the event the Company exercises its option to defer the payment of Contract Adjustment Payments, then, until all deferred Contract
Adjustment Payments (including Compounded Contract Adjustment Payments thereon) have been paid, the Company shall not declare or pay any dividends on, or make any distributions on, or redeem, purchase or acquire, or make a liquidation payment with
respect to, any shares of the Company’s capital stock; provided that the foregoing does not apply to: 
 (i) any exchange, redemption or conversion of any class or series of the Company’s capital stock, or the capital stock of one of the Company’s Subsidiaries, for any other class or series of the
Company’s capital stock; 

  
 78 









  
 (ii)
any purchase of, or payment of cash in lieu of, fractional interests in shares of the Company’s capital stock pursuant to the conversion or exchange provisions of such capital stock or the securities being converted or exchanged; and

 (iii) any dividend in the form of stock, warrants, options or other rights where the dividend stock or stock
issuable upon exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or ranks equally with or junior to such stock. 
 ARTICLE 6 
 RIGHTS AND
REMEDIES OF HOLDERS 
 Section 6.01. Unconditional Right of Holders to
Receive Contract Adjustment Payments and to Purchase Shares of Convertible Preferred Stock. Each Holder of a Unit shall have the right, which is absolute and unconditional, (a) subject to Article 5, to receive each Contract Adjustment
Payment and deferred Contract Adjustment Payment with respect to the Purchase Contract comprising part of such Unit on the respective Payment Date for such Unit pursuant to the terms hereof and (b) except upon and following a Termination Event,
to purchase shares of Convertible Preferred Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such right to receive Contract Adjustment Payments and the right to purchase shares of
Convertible Preferred Stock, and such rights shall not be impaired without the consent of such Holder. 
 Section 6.02.
Restoration of Rights and Remedies. If any Holder has instituted any proceeding to enforce any right or remedy under this Agreement and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to such
Holder, then and in every such case, subject to any determination in such proceeding, the Company and such Holder shall be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of such Holder
shall continue as though no such proceeding had been instituted. 
 Section 6.03. Rights and Remedies Cumulative.
Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Certificates in the last paragraph of Section 3.10, no right or remedy herein conferred upon or reserved to the Holders is
intended to be exclusive of 

  
 79 









 
any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 6.04. Delay or Omission Not Waiver. No delay or omission of any Holder to exercise any right upon a default or remedy
upon a default shall impair any such right or remedy or constitute a waiver of any such right. Every right and remedy given by this Article 6 or by law to the Holders may be exercised from time to time, and as often as may be deemed expedient, by
such Holders. 
 Section 6.05. Undertaking for Costs. All parties to this Agreement agree, and each Holder of a
Unit, by its acceptance of such Unit shall be deemed to have agreed, that any court of competent jurisdiction may in its discretion require, in any suit for the enforcement of any right or remedy under this Agreement, or in any suit against the
Purchase Contract Agent for any action taken, suffered or omitted by it as Purchase Contract Agent, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess
reasonable costs, including reasonable attorneys’ fees and costs against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; provided that the provisions
of this Section 6.05 shall not apply to any suit instituted by the Purchase Contract Agent, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% of the Outstanding Units, or to any suit instituted by
any Holder for the enforcement of the obligation to pay interest on any Notes owed pursuant to such Holder’s Notes or Contract Adjustment Payments on or after the respective Payment Date therefor in respect of any Unit held by such Holder, or
for enforcement of the right to purchase shares of Convertible Preferred Stock under the Purchase Contracts constituting part of any Unit held by such Holder. 
 Section 6.06. Waiver of Stay or Extension Laws. The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever
claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Agreement; and the Company (to the extent that it may lawfully do
so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Purchase Contract Agent or the Holders, but will suffer and permit the
execution of every such power as though no such law had been enacted. 

  
 80 









  
 ARTICLE 7

 THE PURCHASE CONTRACT AGENT 

Section 7.01. Certain Duties and Responsibilities.  
 (a) The Purchase Contract Agent: 
 (i) undertakes to perform, with
respect to the Units, such duties and only such duties as are specifically set forth in this Agreement and the Remarketing Agreement to be performed by the Purchase Contract Agent and no implied covenants or obligations shall be read into this
Agreement or the Remarketing Agreement against the Purchase Contract Agent; and 
 (ii) in the absence of bad
faith on its part, may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Purchase Contract Agent and conforming to the requirements of this
Agreement or the Remarketing Agreement, as applicable, but in the case of any certificates or opinions which by any provision hereof are specifically required to be furnished to the Purchase Contract Agent, the Purchase Contract Agent shall be under
a duty to examine the same to determine whether or not they conform to the requirements of this Agreement or the Remarketing Agreement, as applicable (but need not confirm or investigate the accuracy of the mathematical calculations or other facts
or matters stated therein). 
 (b) No provision of this Agreement or the Remarketing Agreement shall be construed to relieve the
Purchase Contract Agent from liability for its own grossly negligent action, its own grossly negligent failure to act, or its own willful misconduct, except that: 

(i) this Section 7.01(b) shall not be construed to limit the effect of Section 7.01(a) or Section 7.01(c);

 (ii) the Purchase Contract Agent shall not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it shall be conclusively determined by a court of competent jurisdiction that the Purchase Contract Agent was grossly negligent in ascertaining the pertinent facts; and 

(iii) the Purchase Contract Agent shall not be liable with respect to any action taken or omitted to be taken by it in
good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Certificates, relating to the time, method and place of 

  
 81 









 
conducting any proceeding for any right or remedy available to the Purchase Contract Agent, or exercising any power conferred upon the Purchase Contract Agent, under this Agreement with respect
to the Units. 
 (c) No provision of this Agreement or the Remarketing Agreement shall require the Purchase Contract Agent to
expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such
funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
 (d) Whether or not therein
expressly so provided, every provision of this Agreement and the Remarketing Agreement relating to the conduct or affecting the liability of or affording protection to the Purchase Contract Agent shall be subject to the provisions of this
Section 7.01. 
 (e) The Purchase Contract Agent is authorized to execute and deliver the Remarketing Agreement in its
capacity as Purchase Contract Agent. 
 (f) In case a default by the Company under this Agreement has occurred (that has not
been cured or waived), and a Responsible Officer of the Purchase Contract Agent have received written notice thereof, the Purchase Contract Agent shall exercise such of the rights and powers, if any, with respect to such default, vested in it by
this Agreement, and use the same degree of care and skill in the exercise thereof, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

Section 7.02. Notice of Default. Within 90 calendar days after the occurrence of any default by the Company hereunder of
which a Responsible Officer of the Purchase Contract Agent has received written notice thereof, the Purchase Contract Agent shall transmit by mail to the Holders, as their names and addresses appear in the Security Register, notice of such default
hereunder, unless such default shall have been cured or waived; provided that, except for a default in any payment obligation hereunder, the Purchase Contract Agent shall be protected in withholding such notice if and for so long as a
Responsible Officer of the Purchase Contract Agent in good faith determines that the withholding of such notice is in the interests of Holders of the Units. 
 Section 7.03. Certain Rights of Purchase Contract Agent.  
 Subject to
the provisions of Section 7.01: 
 (a) the Purchase Contract Agent may conclusively rely and shall be fully protected in
acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, 

  
 82 









 
bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 

(b) any request or direction of the Company mentioned herein shall be sufficiently evidenced by an Officer’s Certificate, Issuer
Order or Issuer Request, and any resolution of the Board of Directors of the Company may be sufficiently evidenced by a Board Resolution; 
 (c) whenever in the administration of this Agreement or the Remarketing Agreement the Purchase Contract Agent shall deem it desirable that a matter be proved or established prior to taking, suffering or
omitting to take any action hereunder or thereunder, the Purchase Contract Agent (unless other evidence be herein specifically prescribed in this Agreement) may, in the absence of bad faith on its part, conclusively rely upon an Officer’s
Certificate of the Company; 
 (d) the Purchase Contract Agent may consult with counsel of its selection and the advice of such
counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(e) the Purchase Contract Agent shall not be bound to make any investigation into the facts or matters stated in any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Purchase Contract Agent, in its discretion, may make
reasonable further inquiry or investigation into such facts or matters related to the execution, delivery and performance of the Purchase Contracts as it may see fit, and, if the Purchase Contract Agent shall determine to make such further inquiry
or investigation, it shall be given a reasonable opportunity to examine the relevant books, records and premises of the Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability
of any kind by reason of such inquiry or investigation; 
 (f) the Purchase Contract Agent may execute any of the powers
hereunder or perform any duties hereunder either directly or by or through agents, attorneys, custodians or nominees or an Affiliate of the Purchase Contract Agent and the Purchase Contract Agent shall not be responsible for any misconduct or
negligence on the part of any agent, attorney, custodian or nominee or an Affiliate appointed with due care by it hereunder; 

(g) the Purchase Contract Agent shall be under no obligation to exercise any of the rights or powers vested in it by this Agreement at
the request or direction of any of the Holders pursuant to this Agreement, unless such Holders 

  
 83 









 
shall have offered to the Purchase Contract Agent security or indemnity satisfactory to the Purchase Contract Agent against the costs, expenses and liabilities which might be incurred by it in
compliance with such request or direction; 
 (h) the Purchase Contract Agent shall not be liable for any action taken,
suffered, or omitted to be taken by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement; 
 (i) the rights, privileges, protections, immunities and benefits given to the Purchase Contract Agent, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable
by, the Purchase Contract Agent in each of its capacities hereunder, and to each officer, director, employee of the Purchase Contract Agent and each agent, custodian and other Person employed, in any capacity whatsoever, by the Purchase Contract
Agent to act hereunder and shall survive the resignation or removal of the Purchase Contract Agent and the termination of this Agreement; 
 (j) the Purchase Contract Agent shall not be deemed to have notice or be charged with knowledge of any Trigger Event, Fundamental Change, Termination Event or any default hereunder unless a Responsible
Officer of the Purchase Contract Agent has received written notice from the Company or any Holder of such Trigger Event, Fundamental Change, Termination Event or default at the Corporate Trust Office of the Purchase Contract Agent, and such notice
references the Units and this Agreement and identifies such default; 
 (k) the Purchase Contract Agent may request that the
Company deliver a certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Agreement; 
 (l) anything in this Agreement notwithstanding, in no event shall the Purchase Contract Agent be liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including
but not limited to loss of profit), even if the Purchase Contract Agent has been advised as to the likelihood of such loss or damage and regardless of the form of action; 
 (m) the Purchase Contract Agent shall not be responsible or liable for any failure or delay in the performance of its obligations under this Agreement arising out of or caused, directly or indirectly, by
circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; interruptions; loss or malfunctions of utilities,
computer (hardware or software) or communication services; accidents; labor disputes; acts of civil or military authority and governmental action; and 

  
 84 









  
 (n) the permissive
right of the Purchase Contract Agent to take or refrain from taking action hereunder shall not be construed as a duty. 

Section 7.04. Not Responsible for Recitals or Issuance of Units. The recitals contained herein, in the Remarketing Agreement
and in the Certificates shall be taken as the statements of the Company, and the Purchase Contract Agent assumes no responsibility for their accuracy or validity. The Purchase Contract Agent makes no representations as to the validity or sufficiency
of either this Agreement or of the Units or the Pledge or the Collateral or the Remarketing Agreement. The Purchase Contract Agent shall not be accountable for the use or application by the Company of the proceeds in respect of the Purchase
Contracts. 
 Section 7.05. May Hold Units. Any Security Registrar or any other agent of the Company, or the
Purchase Contract Agent and its Affiliates, in their individual or any other capacity, may become the owner or pledgee of Units and may otherwise deal with the Company, the Collateral Agent or any other Person with the same rights it would have if
it were not Security Registrar or such other agent, or the Purchase Contract Agent. The Company may become the owner or pledgee of Units. 
 Section 7.06. Money Held in Custody. Money held by the Purchase Contract Agent in custody hereunder need not be segregated from the Purchase Contract Agent’s other funds except to the
extent required by law or provided herein; provided, however, that when the Purchase Contract Agent holds Cash as a component of the Treasury Portfolio, a Treasury Unit or a Cash Settled Unit, such Cash shall be held in a separate account
hereunder. The Purchase Contract Agent shall be under no obligation to invest or pay interest on any money received by it hereunder except as otherwise expressly provided hereunder or agreed in writing with the Company. 

Section 7.07. Compensation and Reimbursement.  
 The Company agrees: 
 (a) to pay to the Purchase Contract Agent compensation for
all services rendered by it hereunder and under the Remarketing Agreement as the Company and the Purchase Contract Agent shall from time to time agree in writing; 
 (b) except as otherwise expressly provided for herein, to reimburse the Purchase Contract Agent upon its request for all reasonable expenses, disbursements and advances incurred or made by the Purchase
Contract Agent in accordance with any provision of this Agreement and the Remarketing Agreement (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as
may be attributable to its gross negligence, bad faith or willful misconduct; 

  
 85 









  
 (c) to indemnify the
Purchase Contract Agent and any predecessor Purchase Contract Agent (collectively, with the Purchase Contract Agent, the “Indemnitees”) for, and to hold each Indemnitee harmless against, any loss, liability or expense (including
reasonable fees and expenses of counsel) including taxes (other than taxes based upon, measured by or determined by the income of the Purchase Contract Agent) incurred without gross negligence, bad faith or willful misconduct on its part, arising
out of or in connection with this Agreement or the Remarketing Agreement, including the acceptance or administration of its duties hereunder and the Remarketing Agreement and the Indemnitees’ reasonable costs and expenses of defending
themselves against any claim (whether asserted by the Company, a Holder or any other Person) or liability in connection with the exercise or performance of any of the Purchase Contract Agent’s powers or duties hereunder or thereunder; and

 (d) to pay or reimburse the Purchase Contract Agent for transfer, stamp, documentary or other similar taxes, assessments or
charges levied by any governmental or revenue authority in respect of this Agreement or any other document referred to herein. 

Purchase Contract Agent for purposes of this Section shall include any predecessor Purchase Contract Agent; provided, however,
that the negligence, willful misconduct or bad faith of any Purchase Contract Agent hereunder shall not affect the rights of any other Purchase Contract Agent hereunder. 
 The provisions of this Section 7.07 shall survive the resignation and removal of the Purchase Contract Agent and the termination of this Agreement. 

Section 7.08. Corporate Purchase Contract Agent Required; Eligibility. There shall at all times be a Purchase Contract Agent
hereunder which shall be a Person organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having (or being a member of
a bank holding company having) a combined capital and surplus of at least $50,000,000, subject to supervision or examination by Federal or State authority and having a corporate trust office in the Borough of Manhattan, New York City, if there be
such a Person in the Borough of Manhattan, New York City, qualified and eligible under this Article 7 and willing to act on reasonable terms. If such Person publishes or files reports of condition at least annually, pursuant to law or to the
requirements of said supervising or examining authority, then for the purposes of this Section 7.08, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report
of condition so published or filed. If at any time the Purchase Contract Agent shall cease to be eligible in accordance with the provisions of this Section 7.08, it shall resign immediately in the manner and with the effect hereinafter
specified in this Article 7. 

  
 86 









  
 Section 7.09.
Resignation and Removal; Appointment of Successor. (a) No resignation or removal of the Purchase Contract Agent and no appointment of a successor Purchase Contract Agent pursuant to this Article shall become effective until the acceptance
of appointment by the successor Purchase Contract Agent in accordance with the applicable requirements of Section 7.10. 

(b) The Purchase Contract Agent may resign at any time by giving written notice thereof to the Company 60 calendar days prior to the
effective date of such resignation. If the instrument of acceptance by a successor Purchase Contract Agent required by Section 7.10 shall not have been delivered to the Purchase Contract Agent within 30 calendar days after the giving of such
notice of resignation, the resigning Purchase Contract Agent may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Purchase Contract Agent. 

(c) The Purchase Contract Agent may be removed at any time by Act of the Holders of a majority in number of the Outstanding Units
delivered to the Purchase Contract Agent and the Company. If the instrument of acceptance by a successor Purchase Contract Agent required by Section 7.10 shall not have been delivered to the Purchase Contract Agent within 30 calendar days after
such Act, the Purchase Contract Agent being removed may petition any court of competent jurisdiction for the appointment of a successor Purchase Contract Agent. 
 (d) If at any time: 
 (i) the Purchase Contract Agent fails to
comply with Section 310(b) of the TIA, and shall fail to resign after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Unit for at least six months; 

(ii) the Purchase Contract Agent shall cease to be eligible under Section 7.08 and shall fail to resign after written
request therefor by the Company or by any such Holder; or 
 (iii) the Purchase Contract Agent shall become
incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Purchase Contract Agent or of its property shall be appointed or any public officer shall take charge or control of the Purchase Contract Agent or of its property
or affairs for the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, (i) the Company by a Board Resolution
may remove the Purchase Contract Agent, or (ii) any Holder who has been a bona fide Holder of a Unit for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the
removal of the Purchase Contract Agent and the appointment of a successor Purchase Contract Agent. 

  
 87 









  
 (e) If the Purchase
Contract Agent shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of the Purchase Contract Agent for any cause, the Company, by a Board Resolution, shall promptly appoint a successor Purchase Contract
Agent and shall comply with the applicable requirements of Section 7.10. If no successor Purchase Contract Agent shall have been so appointed by the Company and accepted appointment in the manner required by Section 7.10, any Holder who
has been a bona fide Holder of a Unit for at least six months, on behalf of itself and all others similarly situated, or the Purchase Contract Agent may petition, at the expense of the Company, any court of competent jurisdiction for the appointment
of a successor Purchase Contract Agent. 
 (f) The Company shall give, or shall cause such successor Purchase Contract Agent to
give, notice of each resignation and each removal of the Purchase Contract Agent and each appointment of a successor Purchase Contract Agent by mailing written notice of such event by first-class mail, postage prepaid, to all Holders as their names
and addresses appear in the applicable Security Register. Each notice shall include the name of the successor Purchase Contract Agent and the address of its Corporate Trust Office. 

(g) If the Purchase Contract Agent has or shall acquire any “conflicting interest” within the meaning of
Section 310(b) of the TIA, the Purchase Contract Agent and the Company shall in all respects comply with the provisions of Section 310(b) of the TIA. 
 Section 7.10. Acceptance of Appointment by Successor. (a) In case of the appointment hereunder of a successor Purchase Contract Agent, every such successor Purchase Contract Agent so
appointed shall execute, acknowledge and deliver to the Company and to the retiring Purchase Contract Agent an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Purchase Contract Agent shall become
effective and such successor Purchase Contract Agent, without any further act, deed or conveyance, shall become vested with all the rights, powers, agencies and duties of the retiring Purchase Contract Agent; but, on the request of the Company or
the successor Purchase Contract Agent, such retiring Purchase Contract Agent shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Purchase Contract Agent all the rights, powers and trusts of the
retiring Purchase Contract Agent and duly assign, transfer and deliver to such successor Purchase Contract Agent all property and money held by such retiring Purchase Contract Agent hereunder. 

  
 88 









  
 (b) Upon request of
any such successor Purchase Contract Agent, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Purchase Contract Agent all such rights, powers and agencies referred to in clause
(a) of this Section 7.10. 
 (c) No successor Purchase Contract Agent shall accept its appointment unless at the time
of such acceptance such successor Purchase Contract Agent shall be qualified and eligible under this Article 7. 

Section 7.11. Merger, Conversion, Consolidation or Succession to Business. Any Person into which the Purchase Contract Agent
may be merged or converted or with which it maybe consolidated, or any Person resulting from any merger, conversion or consolidation to which the Purchase Contract Agent shall be a party, or any Person succeeding to all or substantially all the
corporate trust business of the Purchase Contract Agent, shall be the successor of the Purchase Contract Agent hereunder, provided that such Person shall be otherwise qualified and eligible under this Article 7, without the execution or
filing of any paper or any further act on the part of any of the parties hereto. In case any Certificates shall have been authenticated and executed on behalf of the Holders, but not delivered, by the Purchase Contract Agent then in office, any
successor by merger, conversion or consolidation to such Purchase Contract Agent may adopt such authentication and execution and deliver the Certificates so authenticated and executed with the same effect as if such successor Purchase Contract Agent
had itself authenticated and executed such Units. 
 Section 7.12. Preservation of Information; Communications to
Holders. (a) The Purchase Contract Agent shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders received by the Purchase Contract Agent in its capacity as Security Registrar. 

(b) If three or more Holders (herein referred to as “Applicants”) apply in writing to the Purchase Contract Agent, and
furnish to the Purchase Contract Agent reasonable proof that each such Applicant has owned a Unit for a period of at least six months preceding the date of such application, and such application states that the Applicants desire to communicate with
other Holders with respect to their rights under this Agreement or under the Units and is accompanied by a copy of the form of proxy or other communication which such Applicants propose to transmit, then the Purchase Contract Agent shall mail to all
the Holders copies of the form of proxy or other communication which is specified in such request, with reasonable promptness after a tender to the Purchase Contract Agent of the materials to be mailed and of payment, or provision for the payment,
of the reasonable expenses of such mailing. 
 Section 7.13. No Obligations of Purchase Contract Agent. Except to
the extent otherwise expressly provided in this Agreement, the Purchase Contract 

  
 89 









 
Agent assumes no obligations and shall not be subject to any liability under this Agreement, the Remarketing Agreement or any Purchase Contract in respect of the obligations of the Holder of any
Unit thereunder. The Company agrees, and each Holder of a Certificate, by its acceptance thereof, shall be deemed to have agreed, that the Purchase Contract Agent’s execution of the Certificates on behalf of the Holders shall be solely as agent
and attorney-in-fact for the Holders, and that the Purchase Contract Agent shall have no obligation to perform such Purchase Contracts on behalf of the Holders, except to the extent expressly provided in Article 5 hereof. 

Section 7.14. Tax Compliance. (a) The Company, will comply with all applicable certification, information reporting and
withholding (including “backup” withholding) requirements imposed by applicable tax laws, regulations or administrative practice with respect to (i) any payments made with respect to the Units or (ii) the issuance,
delivery, holding, transfer, redemption or exercise of rights under the Units. Such compliance shall include, without limitation, the preparation and timely filing of required returns and the timely payment of all amounts required to be withheld to
the appropriate taxing authority or its designated agent. 
 (b) The Purchase Contract Agent shall comply in accordance with the
terms hereof with any reasonable written direction received from the Company with respect to the execution or certification of any required documentation and the application of such requirements to particular payments or Holders or in other
particular circumstances, and may for purposes of this Agreement conclusively rely on any such direction in accordance with the provisions of Section 7.01(a) hereof. 
 (c) The Purchase Contract Agent shall maintain all appropriate records documenting compliance with such requirements, and shall make such records available, on written request, to the Company or its
authorized representative within a reasonable period of time after receipt of such request. 
 ARTICLE 8 

SUPPLEMENTAL AGREEMENTS 
 Section 8.01. Supplemental Agreements Without Consent of Holders. Without the consent of any Holders, the Company, when authorized by a Board Resolution, the Purchase Contract Agent, the
Collateral Agent, the Custodial Agent and the Securities Intermediary at any time and from time to time, may enter into one or more agreements supplemental hereto, in form satisfactory to the Company and the Purchase Contract Agent, the Collateral
Agent, the Custodial Agent and the Securities Intermediary to: 
 (a) evidence the succession of another Person to the Company,
and the assumption by any such successor of the covenants of the Company herein and in the Certificates; 

  
 90 









  
 (b) evidence and
provide for the acceptance of appointment hereunder by a successor Purchase Contract Agent, Collateral Agent, Securities Intermediary or Custodial Agent; 
 (c) add to the covenants of the Company for the benefit of the Holders, or surrender any right or power herein conferred upon the Company; 

(d) conform the provisions of this Agreement to the description of the Units and the Purchase Contracts contained in the Units
Prospectus; or 
 (e) except as provided for in Section 5.04, cure any ambiguity, to correct or supplement any provisions
herein that may be inconsistent with any other provision herein, or to make such other provisions in regard to matters or questions arising under this Agreement that do not adversely affect the interests of any Holders. 

Section 8.02. Supplemental Agreements with Consent of Holders. With the consent of the Holders of not less than a majority of
the Outstanding Purchase Contracts voting together as one class, by Act of said Holders delivered to the Company and the Purchase Contract Agent, the Company, when authorized by a Board Resolution, the Collateral Agent, the Securities Intermediary,
the Custodial Agent and the Purchase Contract Agent may enter into an agreement or agreements supplemental hereto for the purpose of modifying in any manner the terms of the Purchase Contracts, or the provisions of this Agreement or the rights of
the Holders in respect of the Units; provided however, that, except as contemplated herein, no supplemental agreement shall, without the consent of the Holder of each outstanding Purchase Contract affected thereby, 

(a) subject to the Company’s right to defer Contract Adjustment Payments, change any Payment Date; 

(b) change the amount or the type of Collateral required to be Pledged to secure a Holder’s obligations under any Purchase Contract
(except for the rights of holders of Corporate Units to substitute Cash for the Pledged Applicable Ownership Interests in Notes or the rights of Holders of Treasury Units to substitute Notes for the Treasury Unit Collateral); 

(c) impair the right of the Holder of any Purchase Contract to receive distributions on the related Collateral or otherwise adversely
affect the Holder’s rights in or to such Collateral; 

  
 91 









  
 (d) impair the
Holders’ right to institute suit for the enforcement of any Purchase Contract or any Contract Adjustment Payments or deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon); 

(e) except as set forth in Section 5.06, reduce the number of shares of Convertible Preferred Stock to be purchased pursuant to any
Purchase Contract, increase the price to purchase shares of Convertible Preferred Stock upon settlement of any Purchase Contract or change the Purchase Contract Settlement Date or the right to Early Settlement or Fundamental Change Early Settlement;

 (f) adversely affect the Holder’s rights under a Purchase Contract in any material respect, provided that any
amendment made solely to conform the provisions of this Agreement to the description of the Units and the Purchase Contracts contained in the Units Prospectus will not be deemed to adversely affect the interests of the Holders; 

(g) reduce any Contract Adjustment Payments or any deferred Contract Adjustment Payments (including Compounded Contract Adjustment
Payments thereon) or change any place where, or the coin or currency in which, any Contract Adjustment Payment is payable; or 

(h) reduce the percentage of the outstanding Purchase Contracts whose Holder’s consent is required for any modification or amendment
to the provisions of this Agreement or the Purchase Contracts; 
 provided that if any amendment or proposal referred to above would
adversely affect only the Corporate Units, the Treasury Units or the Cash Settled Units, then only the affected class of Holders as of the record date for the Holders entitled to vote thereon will be entitled to vote on such amendment or proposal,
and such amendment or proposal shall not be effective except with the consent of a majority of such Holders, or each such Holder affected thereby in the case of an amendment or proposal referred to in clauses (a) through (h) above.

 It shall not be necessary for any Act of Holders under this Section 8.02 to approve the particular form of any proposed
supplemental agreement, but it shall be sufficient if such Act shall approve the substance thereof. 
 Section 8.03.
Execution of Supplemental Agreements. In executing, or accepting the additional agencies created by any supplemental agreement permitted by this Article 8 or the modifications thereby of the agencies created by this Agreement, the Purchase
Contract Agent, the Collateral Agent, the Securities Intermediary and the Custodial Agent shall be provided, and (subject to Section 7.01 with respect to the Purchase Contract Agent) shall be fully authorized and protected in conclusively
relying upon, an Officer’s Certificate and an Opinion of 

  
 92 









 
Counsel stating that the execution of such supplemental agreement is authorized or permitted by this Agreement and that any and all conditions precedent to the execution and delivery of such
supplemental agreement have been satisfied. The Purchase Contract Agent, the Collateral Agent, the Securities Intermediary and the Custodial Agent may, but shall not be obligated to, enter into any such supplemental agreement which affects their own
rights, duties or immunities under this Agreement or otherwise. 
 Section 8.04. Effect of Supplemental Agreements.
Upon the execution of any supplemental agreement under this Article 8, this Agreement shall be modified in accordance therewith, and such supplemental agreement shall form a part of this Agreement for all purposes; and every Holder of
Certificates theretofore or thereafter authenticated, executed on behalf of the Holders and delivered hereunder, shall be bound thereby. 
 Section 8.05. Reference to Supplemental Agreements. Certificates authenticated, executed on behalf of the Holders and delivered after the execution of any supplemental agreement pursuant to
this Article 8 may, and shall if required by the Purchase Contract Agent, bear a notation in form approved by the Purchase Contract Agent as to any matter provided for in such supplemental agreement. If the Company shall so determine, new
Certificates so modified as to conform, in the opinion of the Purchase Contract Agent and the Company, to any such supplemental agreement may be prepared and executed by the Company and authenticated, executed on behalf of the Holders and delivered
by the Purchase Contract Agent in exchange for outstanding Certificates. 
 ARTICLE 9 

CONSOLIDATION, MERGER, SALE, CONVEYANCE, TRANSFER
OR DISPOSITION 
 Section 9.01. Covenant Not To Consolidate, Merge, Sell, Convey, Transfer
or Dispose Property except under Certain Conditions. The Company covenants that it will not merge or consolidate with any other Person or sell, convey, transfer, assign or otherwise dispose of all or substantially all of its assets, unless:

 (a) either the Company shall be the surviving Person, or the successor (if other than the Company) shall be a Person duly
organized and existing under the laws of its jurisdiction of organization and such entity shall expressly assume all the obligations of the Company under the Purchase Contracts, this Agreement (including the Pledge provided for herein), the
Indenture (including any supplement thereto) and the Remarketing Agreement by one or more supplemental agreements in form reasonably satisfactory to the Purchase Contract Agent and the Collateral Agent, executed and delivered to the Purchase
Contract Agent and the Collateral Agent by such Person; and 

  
 93 









  
 (b) the Company or
such successor Person shall not, immediately after such merger, consolidation, sale, conveyance, transfer, assignment or other disposition, be in default of payment obligations under the Purchase Contracts, this Agreement, the Indenture (including
any supplement thereto) or the Remarketing Agreement or in material default in the performance of any other covenants under any of the foregoing agreements. 
 Section 9.02. Rights and Duties of Successor Corporation. In case of any such merger, consolidation, sale, conveyance (other than by way of lease), transfer, assignment or other disposition
and upon any such assumption by a successor Person in accordance with Section 9.01, such surviving Person shall succeed to and be substituted for the Company with the same effect as if it had been named herein as the Company and the Company
shall be relieved of any further obligation hereunder and under the Units. Such surviving Person thereupon may cause to be signed, and may issue either in its own name or in the name of Stanley Black & Decker, Inc. any or all of the
Certificates evidencing Units issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Purchase Contract Agent; and, upon the order of such surviving Person, instead of the Company, and subject to all the
terms, conditions and limitations in this Agreement prescribed, the Purchase Contract Agent shall authenticate and execute on behalf of the Holders and deliver any Certificates which previously shall have been signed and delivered by the officers of
the Company to the Purchase Contract Agent for authentication and execution, and any Certificate evidencing Units which such surviving Person thereafter shall cause to be signed and delivered to the Purchase Contract Agent for that purpose. All the
Certificates issued shall in all respects have the same legal rank and benefit under this Agreement as the Certificates theretofore or thereafter issued in accordance with the terms of this Agreement as though all of such Certificates had been
issued at the date of the execution hereof. In case of any such merger, consolidation, sale, assignment, transfer, or disposition such change in phraseology and form (but not in substance) may be made in the Certificates evidencing Units thereafter
to be issued as may be appropriate. 
 Section 9.03. Opinion of Counsel Given to Purchase Contract Agent. The
Purchase Contract Agent, subject to Section 7.01 and Section 7.03, shall receive an Opinion of Counsel as conclusive evidence that any such merger, consolidation, sale, assignment, transfer, or disposition, and any such assumption,
complies with the provisions of this Article 9 and that all conditions precedent to the consummation of any such merger, consolidation, sale, conveyance, transfer or other disposition have been met. 

  
 94 









  
 ARTICLE 10

 COVENANTS 
 Section 10.01. Performance under Purchase Contracts. The Company covenants and agrees for the benefit of the Holders from time to time of the Units that it will duly and punctually perform its
obligations under the Purchase Contracts in accordance with the terms of the Purchase Contracts and this Agreement. 

Section 10.02. Maintenance of Office or Agency. The Company will maintain in the Borough of Manhattan, City of New York, New
York an office or agency where Certificates may be presented or surrendered for acquisition of shares of Convertible Preferred Stock upon settlement of the Purchase Contracts on the Purchase Contract Settlement Date or the Triggered Early Settlement
Date, as applicable, or upon Early Settlement or Fundamental Change Early Settlement and for transfer of Collateral upon occurrence of a Termination Event, where Certificates may be surrendered for registration of transfer or exchange, or for a
Collateral Substitution and where notices and demands to or upon the Company in respect of the Units and this Agreement may be served. The Company will give prompt written notice to the Purchase Contract Agent of the location, and any change in the
location, of such office or agency. The Company initially designates the Corporate Trust Office of the Purchase Contract Agent as such office of the Company. If at any time the Company shall fail to maintain any such required office or agency or
shall fail to furnish the Purchase Contract Agent with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office, and the Company hereby appoints the Purchase Contract Agent as its
agent to receive all such presentations, surrenders, notices and demands. 
 The Company may also from time to time designate
one or more other offices or agencies where Certificates may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any
manner relieve the Company of its obligation to maintain an office or agency in the Borough of Manhattan, City of New York, New York for such purposes. The Company will give prompt written notice to the Purchase Contract Agent of any such
designation or rescission and of any change in the location of any such other office or agency. The Company hereby designates as the place of payment for the Units the Corporate Trust Office and appoints the Purchase Contract Agent at its Corporate
Trust Office as paying agent in such city. 
 Section 10.03. Notice of Leverage Ratio Period. The Company shall
provide the Collateral Agent written notice contemporaneously with each of the commencement and termination of any Leverage Ratio Period. 

  
 95 









  
 Section 10.04.
Company to Reserve Convertible Preferred Stock. The Company shall at all times prior to the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, reserve and keep available, free from preemptive rights, out of
its authorized but unissued Convertible Preferred Stock the full number of shares of Convertible Preferred Stock issuable against tender of payment in respect of all Purchase Contracts constituting a part of the Units evidenced by Outstanding
Certificates. 
 Section 10.05. Covenants as to Convertible Preferred Stock; Listing. (a) The Company covenants
that all shares of Convertible Preferred Stock which may be issued against tender of payment in respect of any Purchase Contract constituting a part of the Outstanding Units will, upon issuance, be duly authorized, validly issued, fully paid and
nonassessable. The Company shall comply, in all material respects, with all applicable securities laws regulating the offer, issuance and delivery of shares of Convertible Preferred Stock upon settlement of Purchase Contracts and will issue such
shares of Convertible Preferred Stock as freely-tradable shares, except to the extent holders thereof are underwriters (within the meaning of the Securities Act) or Affiliates of the Company. 

(b) The Company further covenants that, if at any time the Convertible Preferred Stock shall be listed on the NYSE or any other national
securities exchange or automated quotation system, the Company will, if permitted by the rules of such exchange or automated quotation system, list and keep listed, so long as the Convertible Preferred Stock shall be so listed on such exchange or
automated quotation system, all Convertible Preferred Stock issuable upon Settlement of Purchase Contracts; provided, however, that, if the rules of such exchange or automated quotation system permit the Company to defer the listing of such
Convertible Preferred Stock until the date on which any Purchase Contract is first settled in accordance with the provisions of this Agreement, the Company covenants to list such Convertible Preferred Stock issuable upon settlement of the Purchase
Contracts in accordance with the requirements of such exchange or automated quotation system no later than at such time. 

Section 10.06. ERISA. Each Holder from time to time of the Units that is a Plan or who used assets of a Plan to purchase
Units hereby represents that either (a) no portion of the assets used by such Holder to acquire the Corporate Units constitutes assets of the Plan or (b) the purchase or holding of the Corporate Units by such purchaser or transferee will
not constitute a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or similar violation under any applicable laws. 
 Section 10.07. Tax Treatment. The Company covenants and agrees, for United States federal income tax purposes, to (a) treat a Holder’s acquisition of the Corporate Units as the
acquisition of the Notes and Purchase Contract constituting the Corporate Units and (b) treat each Holder as the owner of the Collateral, including the Notes or the Treasury Securities. 

  
 96 









  
 ARTICLE 11

 PLEDGE 
 Section 11.01. Pledge. Each Holder, acting through the Purchase Contract Agent as such Holder’s attorney-in-fact, and the Purchase Contract Agent, acting solely as such attorney-in-fact,
hereby pledges and grants to the Collateral Agent, as agent of and for the benefit of the Company, a continuing first priority security interest in and to, and a lien upon and right of set-off against, all of such Person’s right, title and
interest in and to the Collateral to secure the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations. The Collateral Agent shall have all of the rights, remedies and
recourses with respect to the Collateral afforded a secured party by the UCC, in addition to, and not in limitation of, the other rights, remedies and recourses afforded to the Collateral Agent by this Agreement. 

Section 11.02. Termination. As to each Holder, the Pledge created hereby shall terminate upon the satisfaction of such
Holder’s Obligations. Upon a Termination Event (and subject to the Collateral Agent’s notification thereof by the Purchase Contract Agent), the Collateral Agent shall instruct the Securities Intermediary to Transfer such portion of the
Collateral attributable to such Holder to the Purchase Contract Agent for distribution to such Holder, free and clear of the Pledge created hereby. 
 ARTICLE 12 
 ADMINISTRATION OF
COLLATERAL 
 Section 12.01. Initial Deposit of Notes. (a) Prior to or concurrently with the
execution and delivery of this Agreement, the Purchase Contract Agent, on behalf of the initial Holders of the Corporate Units, shall Transfer without recourse or representation to the Securities Intermediary, for credit to the Collateral Account,
the Applicable Ownership Interests in Notes and the Notes underlying such Applicable Ownership Interests in Notes or security entitlements relating thereto and the Securities Intermediary shall indicate by book-entry that a securities entitlement
with respect to such Applicable Ownership Interests in Notes (and the Notes underlying such Applicable Ownership Interests in Notes) has been credited to the Collateral Account. 

  
 97 









  
 (b)
The Collateral Agent may, but shall not be obligated to, at any time or from time to time, in its sole discretion, cause any or all securities or other property underlying any financial assets credited to the Collateral Account to be registered in
the name of the Securities Intermediary, the Collateral Agent or their respective nominees; provided, however, that unless any Event of Default (as defined in the Indenture) shall have occurred and be continuing, the Collateral Agent agrees
not to cause any Notes to be so re-registered. 
 Section 12.02. Establishment of Collateral Account. The Securities
Intermediary hereby confirms that: 
 (a) the Securities Intermediary has established the Collateral Account; 

(b) the Collateral Account is a securities account; 
 (c) subject to the terms of this Agreement, the Securities Intermediary shall identify in its records the Collateral Agent as the entitlement holder entitled to exercise the rights that comprise any
financial asset credited to the Collateral Account; 
 (d) all property delivered to the Securities Intermediary pursuant to
this Agreement, including any Cash, Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio) or Qualifying Treasury Securities and the
Permitted Investments, will be credited promptly to the Collateral Account; and 
 (e) all securities or other property
underlying any financial assets credited to the Collateral Account shall be (i) registered in the name of the Purchase Contract Agent and indorsed, without recourse or representation, to the Securities Intermediary or in blank,
(ii) registered in the name of the Securities Intermediary or (iii) credited to another securities account maintained in the name of the Securities Intermediary. In no case will any financial asset credited to the Collateral Account be
registered in the name of the Purchase Contract Agent (in its capacity as such) or any Holder or specially indorsed to the Purchase Contract Agent (in its capacity as such) or any Holder, unless such financial asset has been further indorsed to the
Securities Intermediary or in blank. 
 Section 12.03. Treatment as Financial Assets. Each item of property (whether
investment property, financial asset, security, instrument or cash) credited to the Collateral Account shall be treated as a financial asset. 
 Section 12.04. Sole Control by Collateral Agent. Except as provided in Section 15.01, at all times prior to the termination of the Pledge, the Collateral Agent shall have sole control of
the Collateral Account, and the Securities Intermediary shall take instructions and directions, and comply with entitlement 

  
 98 









 
orders, with respect to the Collateral Account or any financial asset credited thereto solely from the Collateral Agent as set forth in this Agreement. If at any time the Securities Intermediary
shall receive an entitlement order issued by the Collateral Agent and relating to the Collateral Account, the Securities Intermediary shall comply with such entitlement order without further consent by the Purchase Contract Agent or any Holder or
any other Person. Except as otherwise permitted under this Agreement, until termination of the Pledge, the Securities Intermediary will not comply with any entitlement orders issued by the Purchase Contract Agent or any Holder. 

Section 12.05. Jurisdiction. The Collateral Account, and the rights and obligations of the Securities Intermediary, the
Collateral Agent, the Purchase Contract Agent and the Holders with respect thereto, shall be governed by the laws of the State of New York. Regardless of any provision in any other agreement, for the purposes of the UCC the Securities
Intermediary’s jurisdiction is the State of New York. 
 Section 12.06. No Other Claims. Except for the claims
and interest of the Collateral Agent and of the Purchase Contract Agent and the Holders in the Collateral Account, the Securities Intermediary (without having conducted any investigation) does not know of any claim to, or interest in, the Collateral
Account or in any financial asset credited thereto. If any Person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against the Collateral Account or in
any financial asset carried therein, the Securities Intermediary will promptly notify the Collateral Agent and the Purchase Contract Agent. 
 Section 12.07. Investment and Release. All proceeds of financial assets from time to time credited to the Collateral Account shall be invested and reinvested as provided in this
Agreement. At all times prior to termination of the Pledge, no property shall be released from the Collateral Account except in accordance with this Agreement or upon written instructions of the Collateral Agent.  

Section 12.08. Treasury Unit Collateral. (a) Promptly following receipt of the Cash in substitution of any Notes
underlying Pledged Applicable Ownership Interests in Notes upon creation of Treasury Units, the Collateral Agent shall (i) notify the Company of such receipt of Cash and (ii) upon receipt of instructions from the Company, purchase with
such Cash, together with any other Cash that forms a part of the Treasury Unit Collateral, Qualifying Treasury Securities as of the date of such purchase. Following the receipt of Cash Proceeds from such Qualifying Treasury Securities, the
Collateral Agent shall purchase with such Cash Qualifying Treasury Securities as of the date of such purchase. Notwithstanding the foregoing, in no event shall the Collateral Agent (A) purchase Qualifying Treasury Securities (i) during any
period beginning on, and 

  
 99 









 
including, the Record Date corresponding to any Payment Date and ending on, and including, the related Payment Date or the Triggered Early Settlement Date, as applicable or (ii) during any
Leverage Ratio Period; or (B) be required to purchase Qualifying Treasury Securities if no such Qualifying Treasury Security exists in sufficient liquidity or outstanding amount, in which case the related Cash will remain Treasury Unit
Collateral. 
 (b) Promptly following receipt of (i) the Notes or security entitlements with respect thereto required by
Section 3.15(a)(i) and (ii) the instruction from the Purchase Contract Agent described in Section 3.15(a)(ii), the Collateral Agent shall (i) release the Pro Rata Portion corresponding to the Treasury Units in respect of which
Corporate Units are being recreated of any Cash constituting Treasury Unit Collateral from the Pledge and deliver it to the Purchase Contract Agent, on behalf of the Holder, free and clear of the Pledge created hereby and (ii) liquidate an
aggregate principal amount at maturity of Qualifying Treasury Securities constituting Treasury Unit Collateral corresponding to the Treasury Units in respect of which Corporate Units are being recreated equal to a Pro Rata Portion (or if such Pro
Rata Portion is not an integral multiple of such Qualifying Treasury Securities’ minimum denominations, the closest multiple of minimum denominations that would include such Pro Rata Portion), release the proceeds of such liquidation in an
amount equal to such Pro Rata Portion (with any excess Cash amounts as a result of liquidating Qualifying Treasury Securities in a denomination in excess of such Pro Rata Portion remaining with the Collateral Agent as Treasury Unit Collateral) from
the Pledge and deliver it to the Purchase Contract Agent, on behalf of the Holder, free and clear the Pledge created hereby. 

(c) Upon a Fundamental Change Early Settlement or an Early Settlement of the Purchase Contract components of Treasury Units, in each case
properly effected in accordance with the terms of Section 5.04 or Section 5.06, respectively, the Collateral Agent shall (i) release the Pro Rata Portion corresponding to the Treasury Units in respect of which the Purchase Contract
component is being settled of any Cash constituting Treasury Unit Collateral from the Pledge and deliver it to the Purchase Contract Agent, on behalf of the Holder, free and clear of the Pledge created hereby and (ii) liquidate an aggregate
principal amount at maturity of Qualifying Treasury Securities constituting Treasury Unit Collateral corresponding to the Treasury Units in respect of which the Purchase Contract component is being settled equal to a Pro Rata Portion (or if such Pro
Rata Portion is not an integral multiple of such Qualifying Treasury Securities’ minimum denominations, the closest multiple of minimum denominations that would include such Pro Rata Portion), release the proceeds of such liquidation in an
amount equal to such Pro Rata Portion (with any excess Cash amounts as a result of liquidating Qualifying Treasury Securities in a denomination in excess of such Pro Rata Portion remaining with the Collateral Agent as Treasury Unit Collateral) from
the Pledge and deliver it to the Purchase Contract Agent, on behalf of the Holder, free and clear the Pledge created hereby. 

  
 100









  
 Section 12.09.
Statements and Confirmations. The Securities Intermediary will promptly send copies of all statements, confirmations and other correspondence concerning the Collateral Account and any financial assets credited thereto simultaneously to each of
the Purchase Contract Agent and the Collateral Agent at their addresses for notices under this Agreement. 

Section 12.10. Tax Allocations. The Purchase Contract Agent shall report all items of income, gain, expense and loss
recognized in the Collateral Account, to the extent such reporting is required by law, to the Internal Revenue Service authorities in the manner required by law. None of the Securities Intermediary, the Collateral Agent nor the Custodial Agent shall
have any tax reporting duties hereunder. 
 Section 12.11. No Other Agreements. The Securities Intermediary, acting
solely in its capacity as Securities Intermediary, has not entered into, and prior to the termination of the Pledge will not enter into, any agreement with any other Person relating to the Collateral Account or any financial assets credited thereto,
including, without limitation, any agreement to comply with entitlement orders of any Person other than the Collateral Agent. 

Section 12.12. Powers Coupled with an Interest. The rights and powers granted in this Purchase Contract and Pledge Agreement
to the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and will be affected neither by the bankruptcy of the Purchase Contract Agent or any Holder nor by
the lapse of time. The obligations of the Securities Intermediary under this Purchase Contract and Pledge Agreement shall continue in effect until the termination of the Pledge. 

Section 12.13. Waiver of Lien Waiver of Set-off. The Securities Intermediary waives any security interest, lien or right to
make deductions or set-offs that it may now have or hereafter acquire in or with respect to the Collateral Account, any financial asset credited thereto or any security entitlement in respect thereof. Neither the financial assets credited to the
Collateral Account nor the security entitlements in respect thereof will be subject to deduction, set-off, banker’s lien, or any other right in favor of any person other than the Company. 

ARTICLE 13  

RIGHTS AND REMEDIES OF THE COLLATERAL
AGENT 
 Section 13.01. Rights and Remedies of the Collateral Agent. (a) In addition to the
rights and remedies set forth herein or otherwise available at law or in equity, after a collateral event of default (as specified in Section 13.01(b) below) hereunder, the Collateral Agent shall have all of the rights and remedies with respect
to the Collateral of a secured party under the UCC (whether or not the 

  
 101









 
UCC is in effect in the jurisdiction where the rights and remedies are asserted) and the TRADES Regulations and such additional rights and remedies to which a secured party is entitled under the
laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted. Without limiting the generality of the foregoing, such remedies may include, to the extent permitted by applicable law, (1) retention of the Notes
underlying Pledged Applicable Ownership Interests in Notes, the Pledged Qualifying Treasury Securities, the Pledged Applicable Ownership Interests in the Treasury Portfolio and/or the Pledged Cash in full satisfaction of the Holders’
obligations under the Purchase Contracts and the Purchase Contract Agreement and/or (2) sale of the Notes underlying Pledged Applicable Ownership Interests in Notes, the Pledged Qualifying Treasury Securities or the Pledged Applicable Ownership
Interests in the Treasury Portfolio in one or more public or private sales. 
 (b) Without limiting any rights or powers
otherwise granted by this Agreement to the Collateral Agent, in the event the Collateral Agent is unable to make payments to the Company on account of Proceeds of (i) the Notes underlying Pledged Applicable Ownership Interests in Notes (other
than any interest payments thereon), (ii) Pledged Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), (iii) Pledged Cash
or (iv) the Pledged Qualifying Treasury Securities as provided in this Agreement in satisfaction of the Obligations of the Holder of the Units of which such Notes underlying Pledged Applicable Ownership Interests in Notes, such Pledged
Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), such Pledged Cash or such Pledged Qualifying Treasury Securities are a part
under the related Purchase Contracts, the inability to make such payments shall constitute a “collateral event of default” hereunder and the Collateral Agent shall, for the benefit of the Company, have and may exercise, with
reference to such Notes underlying Pledged Applicable Ownership Interests in Notes, Pledged Qualifying Treasury Securities, Pledged Cash or Pledged Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the
definition of Applicable Ownership Interest in the Treasury Portfolio), as applicable, any and all of the rights and remedies available to a secured party under the UCC and the TRADES Regulations after default by a debtor, and as otherwise granted
herein or under any applicable law. 
 (c) Without limiting any rights or powers otherwise granted by this Agreement to the
Collateral Agent, the Collateral Agent is hereby irrevocably authorized to receive, collect and apply to the satisfaction of the Obligations all payments with respect to (i) the Notes underlying Pledged Applicable Ownership Interests in Notes
(other than any interest payments thereon), (ii) the Pledged Qualifying Treasury Securities, the (iii) Pledged Cash and (iv) the Pledged Applicable Ownership Interests in the Treasury Portfolio (as specified in clause
(i)

  
 102









 
of the definition of Applicable Ownership Interest in the Treasury Portfolio), subject, in each case, to the provisions of this Agreement, and as otherwise provided herein. 

(d) Subject to Section 7.04, the Purchase Contract Agent and each Holder agrees that, from time to time, the Purchase Contract
Agent, on behalf of such Holder, shall execute and deliver such further documents and do such other acts and things as the Company may reasonably request in order to maintain the Pledge, and the perfection and priority thereof, and to confirm the
rights of the Collateral Agent hereunder. The Purchase Contract Agent shall have no liability to any Holder for the maintenance of the Pledge or the perfection or priority hereof or for executing any documents, except for liability for its own
grossly negligent acts, its own grossly negligent failure to act or its own willful misconduct. 
 (e) The Collateral Agent
shall be entitled to all of the rights, protection, privileges and immunities set forth in Article 7 for the benefit of the Purchase Contract Agent. 
 ARTICLE 14 
 REPRESENTATIONS AND
WARRANTIES TO COLLATERAL AGENT; HOLDER 

COVENANTS 
 Section 14.01. Representations And Warranties. Each Holder from time to time, acting through the Purchase Contract Agent as attorney-in-fact (it being understood that the Purchase Contract
Agent shall not be liable for any representation or warranty made by or on behalf of a Holder), hereby represents and warrants to the Collateral Agent (with respect to such Holder’s interest in the Collateral), which representations and
warranties shall be deemed repeated on each day a Holder effects a Transfer of Collateral, that: 
 (a) such Holder has the
power to grant a security interest in and lien on the Collateral; 
 (b) such Holder is the sole beneficial owner of the
Collateral and, in the case of Collateral delivered in physical form, is the sole holder of such Collateral and is the sole beneficial owner of, or has the right to Transfer, the Collateral it Transfers to the Collateral Agent for credit to the
Collateral Account, free and clear of any security interest, lien, encumbrance, call, liability to pay money or other restriction other than the security interest and lien granted under Article 11; 

(c) upon the Transfer of the Collateral to the Securities Intermediary for credit to the Collateral Account, the Collateral Agent, for
the benefit of the Company, will have a valid and perfected first priority security interest therein 

  
 103









 
(assuming that any central clearing operation or any securities intermediary or other entity not within the control of the Holder involved in the Transfer of the Collateral, including the
Collateral Agent and the Securities Intermediary, gives the notices and takes the action required of it hereunder and under applicable law for perfection of that interest and assuming the establishment and exercise of control pursuant to Article 12
hereof); and 
 (d) the execution and performance by the Holder of its obligations under this Agreement will not result in the
creation of any security interest, lien or other encumbrance on the Collateral (other than the security interest and lien granted under Article 11 hereof) or violate any provision of any existing law or regulation applicable to it or of any
mortgage, charge, pledge, indenture, contract or undertaking to which it is a party or which is binding on it or any of its assets. 
 Section 14.02. Covenants. The Purchase Contract Agent and the Holders from time to time, acting through the Purchase Contract Agent as their attorney-in-fact (it being understood that the
Purchase Contract Agent shall not be liable for any covenant made by or on behalf of a Holder), hereby covenant to the Collateral Agent that for so long as the Collateral remains subject to the Pledge: 

(a) neither the Purchase Contract Agent nor such Holders will create or purport to create or allow to subsist any mortgage, charge, lien,
pledge or any other security interest whatsoever over the Collateral or any part of it other than pursuant to this Agreement; and 
 (b) neither the Purchase Contract Agent nor such Holders will sell or otherwise dispose (or attempt to dispose) of the Collateral or any part of it except for the beneficial interest therein, subject to
the Pledge hereunder, transferred in connection with a Transfer of the Units. 
 ARTICLE 15 

THE COLLATERAL AGENT, THE CUSTODIAL AGENT
AND THE SECURITIES 
 INTERMEDIARY 

It is hereby agreed as follows: 
 Section 15.01. Appointment, Powers and Immunities. The Collateral Agent, the Custodial Agent and the Securities Intermediary shall act as agent for the Company hereunder with such powers as
are specifically vested in the Collateral Agent, the Custodial Agent and the Securities Intermediary, as the case may be, by the terms of this Agreement. The Collateral Agent, the Custodial Agent and Securities Intermediary shall: 

  
 104









  
 (a) have no duties or
responsibilities except those expressly set forth in this Agreement and no implied covenants, functions, responsibilities, duties, liabilities or obligations shall be inferred from this Agreement against the Collateral Agent, the Custodial Agent or
the Securities Intermediary, nor shall the Collateral Agent, the Custodial Agent or the Securities Intermediary be bound by the provisions of any agreement by any party hereto beyond the specific terms hereof and none of the Collateral Agent, the
Custodial Agent or the Securities Intermediary shall have any fiduciary duty to the Holders or any other Person; 
 (b) not be
responsible for any recitals contained in this Agreement, or in any certificate or other document referred to or provided for in, or received by it under, this Agreement or the Units, or for the value, validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement (other than as against the Collateral Agent, the Custodial Agent or the Securities Intermediary, as the case may be), the Units, any Collateral or any other document referred to or provided for herein
or therein or for any failure by the Company or any other Person (except the Collateral Agent, the Custodial Agent or Securities Intermediary, as the case may be) to perform any of its obligations hereunder or thereunder or, for the perfection,
priority or maintenance of any security interest created hereunder; 
 (c) not be required to initiate or conduct any litigation
or collection proceedings hereunder (except pursuant to directions furnished under Section 15.02 hereof, subject to Section 15.08 hereof); 
 (d) not be responsible for any action taken or omitted to be taken by it hereunder or under any other document or instrument referred to or provided for herein or in connection herewith or therewith,
except for its own gross negligence or willful misconduct as finally determined by a court of competent jurisdiction; and 
 (e)
not be required to advise any party as to selling or retaining, or taking or refraining from taking any action with respect to, any securities or other property deposited hereunder. 

Subject to the foregoing, during the term of this Agreement, the Collateral Agent, the Custodial Agent and the Securities Intermediary
shall take all reasonable action in connection with the safekeeping and preservation of the Collateral hereunder as determined by industry standards. 
 The Collateral Agent, the Custodial Agent and the Securities Intermediary shall only be responsible for transferring money, securities or other property in accordance with the terms herein to the extent
that such money, securities or other property is credited to the Collateral Account. 

  
 105









  
 No provision of this
Agreement shall require the Collateral Agent, the Custodial Agent or the Securities Intermediary to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties or the exercise of any of its rights
or powers hereunder. In no event shall the Collateral Agent, the Custodial Agent or the Securities Intermediary be liable for any amount in excess of the Value of the Collateral. 

Section 15.02. Instructions of the Company. The Company shall have the right, by one or more written instruments executed and
delivered to the Collateral Agent, to direct the time, method and place of conducting any proceeding for the realization of any right or remedy available to the Collateral Agent, or of exercising any power conferred on the Collateral Agent, or to
direct the taking or refraining from taking of any action authorized by this Agreement; provided, however, that (a) such direction shall not conflict with the provisions of any law or of this Agreement or involve the Collateral Agent in
personal liability and (b) the Collateral Agent shall be indemnified to its satisfaction as provided herein. Nothing contained in this Section 15.02 shall impair the right of the Collateral Agent to take any action or omit to take any
action which it deems proper and which is not inconsistent with such direction. None of the Collateral Agent, the Custodial Agent or the Securities Intermediary has any obligation or responsibility to file UCC financing or continuation statements or
to take any other actions to create, preserve or maintain the security interest in the Collateral. 
 Section 15.03.
Reliance by Collateral Agent, Custodial Agent and Securities Intermediary. Each of the Securities Intermediary, the Custodial Agent and the Collateral Agent shall be entitled to rely conclusively upon any certification, order, judgment, opinion,
notice or other written communication (including, without limitation, any thereof by e-mail or similar electronic means, telecopy or facsimile) believed by it in good faith to be genuine and correct and to have been signed or sent by or on behalf of
the proper Person or Persons (without being required to determine the correctness of any fact stated therein) and consult with and conclusively rely upon advice, opinions and statements of legal counsel and other experts selected by the Collateral
Agent, the Custodial Agent or the Securities Intermediary, as the case may be. As to any matters not expressly provided for by this Agreement, the Collateral Agent, the Custodial Agent and the Securities Intermediary shall in all cases be fully
protected in acting, or in refraining from acting, hereunder in accordance with instructions given by the Company in accordance with this Agreement. 
 In each case that the Collateral Agent, the Custodial Agent or the Securities Intermediary may or is required hereunder to take any action, including without limitation to make any determination or
judgment, to give consents, to exercise rights, powers or remedies, to release or sell Collateral or otherwise to act hereunder, the Collateral Agent, the Custodial Agent or Securities Intermediary may seek direction from the Company. The Collateral
Agent, the 

  
 106









 
Custodial Agent or Securities Intermediary shall not be liable with respect to any action taken or omitted to be taken by it in accordance with the direction from the Company. Unless direction or
otherwise is expressly provided herein, if the Collateral Agent, the Custodial Agent or the Securities Intermediary shall request direction from the Company with respect to any action, the Collateral Agent, the Custodial Agent or the Securities
Intermediary shall be entitled to refrain from such action unless and until such agent shall have received direction from the Company, and the agent shall not incur liability to any Person by reason of so refraining. 

Section 15.04. Certain Rights. (a) Whenever in the administration of the provisions of this Agreement the Collateral
Agent, the Custodial Agent or the Securities Intermediary shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering any action to be taken hereunder, such matter (unless other evidence in respect
thereof be herein specifically prescribed) may, in the absence of gross negligence or willful misconduct on the part of the Collateral Agent, the Custodial Agent or the Securities Intermediary, be deemed to be conclusively proved and established by
a certificate signed by one of the Company’s officers, and delivered to the Collateral Agent, the Custodial Agent or the Securities Intermediary and such certificate, in the absence of gross negligence or willful misconduct on the part of the
Collateral Agent, the Custodial Agent or the Securities Intermediary, shall be full warrant to the Collateral Agent, the Custodial Agent or the Securities Intermediary for any action taken, suffered or omitted by it under the provisions of this
Agreement upon the faith thereof. 
 (b) The Collateral Agent, the Custodial Agent or the Securities Intermediary shall not be
bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, entitlement order, approval or other paper or document. 

Section 15.05. Merger, Conversion, Consolidation or Succession to Business. Any Person into which the Collateral Agent, the
Custodial Agent or the Securities Intermediary may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Collateral Agent, the Custodial Agent or the Securities
Intermediary shall be a party, or any Person succeeding to all or substantially all of the corporate trust business of the Collateral Agent, the Custodial Agent or the Securities Intermediary shall be the successor of the Collateral Agent, the
Custodial Agent or the Securities Intermediary, provided such Person shall be otherwise qualified and eligible under this Article 15 hereunder without the execution or filing of any paper with any party hereto or any further act on the part
of any of the parties hereto except where an instrument of transfer or assignment is required by law to effect such succession, anything herein to the contrary notwithstanding. 

  
 107









  
 Section 15.06.
Rights in Other Capacities. The Collateral Agent, the Custodial Agent and the Securities Intermediary and their affiliates may (without having to account therefor to the Company) accept deposits from, lend money to, make their investments in and
generally engage in any kind of banking, trust or other business with the Purchase Contract Agent, any other Person interested herein and any Holder (and any of their respective subsidiaries or affiliates) as if it were not acting as the Collateral
Agent, the Custodial Agent or the Securities Intermediary, as the case may be, and the Collateral Agent, the Custodial Agent, the Securities Intermediary and their affiliates may accept fees and other consideration from the Purchase Contract Agent
and any Holder without having to account for the same to the Company; provided that each of the Collateral Agent, the Custodial Agent and the Securities Intermediary covenants and agrees with the Company that it shall not accept, receive or
permit there to be created in favor of itself and shall take no affirmative action to permit there to be created in favor of any other Person, any security interest, lien or other encumbrance of any kind in or upon the Collateral other than the lien
created by the Pledge. 
 Section 15.07. Non-reliance on the Collateral Agent, Custodial Agent and Securities
Intermediary. None of the Collateral Agent, the Custodial Agent and the Securities Intermediary shall be required to keep itself informed as to the performance or observance by the Purchase Contract Agent or any Holder of this Agreement, the
Units or any other document referred to or provided for herein or therein or to inspect the properties or books of the Purchase Contract Agent or any Holder. None of the Collateral Agent, the Custodial Agent or the Securities Intermediary shall have
any duty or responsibility to provide the Company with any credit or other information concerning the affairs, financial condition or business of the Purchase Contract Agent or any Holder (or any of their respective affiliates) that may come into
the possession of the Collateral Agent, the Custodial Agent or the Securities Intermediary or any of their respective affiliates. 
 Section 15.08. Compensation And Indemnity. The Company agrees to: 

(a) pay the Collateral Agent, the Custodial Agent and the Securities Intermediary from time to time such compensation as shall be agreed
in writing between the Company and the Collateral Agent, the Custodial Agent or the Securities Intermediary, as the case may be, for all services rendered by them hereunder; 
 (b) indemnify and hold harmless the Collateral Agent, the Custodial Agent, the Securities Intermediary and each of their respective directors, officers, agents and employees (collectively, the
“Pledge Indemnitees”), from and against any and all claims (whether asserted by the Company, the Purchase Contract Agent or any other Person), liabilities, losses, and reasonable expenses (including reasonable fees and expenses of
counsel) (collectively, “Losses” and individually, a “Loss”) that may be imposed on, incurred by, or asserted against, the Pledge 

  
 108









 
Indemnitees or any of them for following any instructions, acting upon any notices or other directions (which shall include an instruction, notice or direction not to act) upon which any of the
Collateral Agent, the Custodial Agent or the Securities Intermediary is entitled to conclusively rely pursuant to the terms of this Agreement, provided that the Collateral Agent, the Custodial Agent or the Securities Intermediary has not
acted with gross negligence or engaged in willful misconduct with respect to the specific Loss against which indemnification is sought; and 
 (c) in addition to and not in limitation of paragraph (b) of this Section 15.08, indemnify and hold the Pledge Indemnitees and each of them harmless from and against any and all Losses that may
be imposed on, incurred by or asserted against, the Pledge Indemnitees or any of them in connection with or arising out of the Collateral Agent’s, the Custodial Agent’s or the Securities Intermediary’s acceptance or performance of its
rights, powers and duties under this Agreement, including but not limited to the rights and powers set forth in Section 15.09, provided the Collateral Agent, the Custodial Agent or the Securities Intermediary has not acted with gross negligence
or engaged in willful misconduct with respect to the specific Loss against which indemnification is sought. 
 The provisions of
this Section 15.08 and Section 15.14 shall survive the resignation or removal of the Collateral Agent, the Custodial Agent or the Securities Intermediary and the termination of this Agreement. 

Section 15.09. Failure to Act. In the event that, in the good faith belief of the Collateral Agent, the Custodial Agent or
the Securities Intermediary, an ambiguity in the provisions of this Agreement arises or any actual dispute between or conflicting claims by or among the parties hereto or any other Person with respect to any funds or property deposited hereunder has
been asserted in writing, then at its sole option, each of the Collateral Agent, the Custodial Agent and the Securities Intermediary shall be entitled, after prompt notice to the Company and the Purchase Contract Agent, to refuse to comply with any
and all claims, demands or instructions with respect to such property or funds so long as such dispute or conflict shall continue, and the Collateral Agent, the Custodial Agent and the Securities Intermediary, as the case may be, shall not be or
become liable in any way to any of the parties hereto for its failure or refusal to comply with such conflicting claims, demands or instructions. The Collateral Agent, the Custodial Agent and the Securities Intermediary shall be entitled to refuse
to act until either: 
 (a) such conflicting or adverse claims or demands shall have been finally determined by a court of
competent jurisdiction or settled by agreement between the conflicting parties as evidenced in a writing satisfactory to the Collateral Agent, the Custodial Agent or the Securities Intermediary; or 

  
 109









  
 (b) the Collateral
Agent, the Custodial Agent or the Securities Intermediary shall have received security or an indemnity satisfactory to it sufficient to hold it harmless from and against any and all loss, liability or reasonable out-of-pocket expense which it may
without gross negligence or willful misconduct incur by reason of its acting. 
 The Collateral Agent, the Custodial Agent and
the Securities Intermediary may in addition elect to commence an interpleader action or seek other judicial relief or orders as the Collateral Agent, the Custodial Agent or the Securities Intermediary may deem necessary. Notwithstanding anything
contained herein to the contrary, none of the Collateral Agent, the Custodial Agent or the Securities Intermediary shall be required to take any action that is in its opinion contrary to law or to the terms of this Agreement, or which would in its
opinion subject it or any of its officers, employees or directors to liability. 
 Section 15.10. Resignation of
Collateral Agent, the Custodial Agent and the Securities Intermediary. (a) Subject to the appointment and acceptance of a successor Collateral Agent, Custodial Agent or Securities Intermediary as provided below: 

(i) the Collateral Agent, the Custodial Agent or the Securities Intermediary may resign at any time by giving notice
thereof to the Company and the Purchase Contract Agent as attorney-in-fact for the Holders; 
 (ii) the
Collateral Agent, the Custodial Agent or the Securities Intermediary may be removed at any time by the Company upon written notice thereof; and 
 (iii) if the Collateral Agent, the Custodial Agent or the Securities Intermediary fails to perform any of its material obligations hereunder in any material respect for a period of not less than 20
calendar days after receiving written notice of such failure by the Purchase Contract Agent and such failure shall be continuing, the Collateral Agent, the Custodial Agent and the Securities Intermediary may be removed by the Purchase Contract
Agent, acting at the direction of the Holders of a majority in number of the Outstanding Units. 
 The Purchase Contract Agent
shall promptly notify the Company upon the transmission of notice as contemplated by clause (iii) of this Section 15.10(a) and any removal of the Collateral Agent, the Custodial Agent or the Securities Intermediary pursuant to clause
(iii) of this Section 15.10. Upon any such resignation or removal, the Company shall have the right to appoint a successor Collateral Agent, Custodial Agent or Securities Intermediary, as the case may be. If no successor Collateral Agent,
Custodial Agent or Securities Intermediary shall 

  
 110









 
have been so appointed and shall have accepted such appointment within 45 calendar days after the retiring Collateral Agent’s, Custodial Agent’s or Securities Intermediary’s giving
of notice of resignation or the Company’s or the Purchase Contract Agent’s giving notice of such removal, then the retiring or removed Collateral Agent, Custodial Agent or Securities Intermediary may petition any court of competent
jurisdiction, at the expense of the Company, for the appointment of a successor Collateral Agent, Custodial Agent or Securities Intermediary. The Collateral Agent, the Custodial Agent and the Securities Intermediary shall each be a bank or a
national banking association which has an office (or an agency office) in New York City with a combined capital and surplus of at least $50,000,000. Upon the acceptance of any appointment as Collateral Agent, Custodial Agent or Securities
Intermediary hereunder by a successor Collateral Agent, Custodial Agent or Securities Intermediary, as the case may be, such successor Collateral Agent, Custodial Agent or Securities Intermediary, as the case may be, shall thereupon succeed to and
become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent, Custodial Agent or Securities Intermediary, as the case may be, and the retiring Collateral Agent, Custodial Agent or Securities Intermediary, as the
case may be, shall take all appropriate action, subject to payment of any amounts then due and payable to it hereunder, to transfer any money and property held by it hereunder (including the Collateral) to such successor. The retiring Collateral
Agent, Custodial Agent or Securities Intermediary shall, upon such succession, be discharged from its duties and obligations as Collateral Agent, Custodial Agent or Securities Intermediary hereunder. After any retiring Collateral Agent’s,
Custodial Agent’s or Securities Intermediary’s resignation hereunder as Collateral Agent, Custodial Agent or Securities Intermediary, the provisions of this Article 15 shall continue in effect for its benefit in respect of any actions
taken or omitted to be taken by it while it was acting as the Collateral Agent, the Custodial Agent or the Securities Intermediary. Any resignation or removal of the Collateral Agent, the Custodial Agent or the Securities Intermediary hereunder, at
a time when such Person is also acting as the Collateral Agent, the Custodial Agent or the Securities Intermediary, as the case may be, shall be deemed for all purposes of this Agreement as the simultaneous resignation or removal of the Collateral
Agent, the Securities Intermediary or the Custodial Agent, as the case may be. 
 Section 15.11. Right to Appoint Agent
or Advisor. The Collateral Agent shall have the right to appoint agents or advisors in connection with any of its duties hereunder, and the Collateral Agent shall not be liable for any action taken or omitted by, or in conclusive reliance upon
the advice of, such agents or advisors selected in good faith. The appointment of agents pursuant to this Section 15.11 shall be subject to prior written consent of the Company, which consent shall not be unreasonably withheld. 

  
 111









  
 Section 15.12.
Survival. The provisions of this Article 15 shall survive termination of this Agreement and the resignation or removal of the Collateral Agent, the Custodial Agent or the Securities Intermediary. 

Section 15.13. Exculpation. Anything contained in this Agreement to the contrary notwithstanding, in no event shall the
Collateral Agent, the Custodial Agent or the Securities Intermediary or their officers, directors, employees or agents be liable under this Agreement for indirect, special, punitive, or consequential loss or damage of any kind whatsoever, including,
but not limited to, lost profits, whether or not the likelihood of such loss or damage was known to the Collateral Agent, the Custodial Agent or the Securities Intermediary, or any of them and regardless of the form of action, incurred without any
act or deed that is found to be attributable to gross negligence or willful misconduct on the parts of the Collateral Agent, the Custodial Agent or the Securities Intermediary. 

Section 15.14. Expenses, Etc. The Company agrees to reimburse the Collateral Agent, the Custodial Agent and the Securities
Intermediary for: 
 (a) all out-of-pocket costs and expenses of the Collateral Agent, the Custodial Agent and the Securities
Intermediary (including, without limitation, the reasonable fees and expenses of counsel to the Collateral Agent, the Custodial Agent and the Securities Intermediary), in connection with (i) the negotiation, preparation, execution and delivery
or performance of this Agreement and (ii) any modification, supplement or waiver of any of the terms of this Agreement; 

(b) all costs and expenses of the Collateral Agent, the Custodial Agent and the Securities Intermediary (including, without limitation,
reasonable fees and expenses of counsel) in connection with (i) any enforcement or proceedings resulting or incurred in connection with causing any Holder to satisfy its obligations under the Purchase Contracts forming a part of the Units and
(ii) the enforcement of this Section 15.14 and Section 15.08; 
 (c) all transfer, stamp, documentary or other
similar taxes, assessments or charges levied by any governmental or revenue authority in respect of this Agreement or any other document referred to herein and all costs, expenses, taxes, assessments and other charges incurred in connection with any
filing, registration, recording or perfection of any security interest contemplated hereby; and 
 (d) all reasonable fees and
expenses of any agent or advisor appointed by the Collateral Agent and consented to by the Company under Section 15.11 of this Agreement. 

  
 112









  
 ARTICLE 16

 TRUST INDENTURE ACT 

Section 16.01. Trust Indenture Act; Application. (a) As of the date hereof, this Agreement is not subject to the
provisions of the TIA. However, if this Agreement becomes subject to the provisions of the TIA in the future, it will be subject to the provisions thereof that are required or deemed to be a part of this Agreement and shall, to the extent
applicable, be governed by such provisions; and 
 (b) if and to the extent that any provision of this Agreement limits,
qualifies or conflicts with the duties imposed by Sections 310 to 317, inclusive, of the TIA, such imposed duties shall control. 
 Section 16.02. Company to Furnish Purchase Contract Agent Names and Addresses of Holders. (a) The Company shall furnish or cause to be furnished to the Purchase Contract Agent
(i) semiannually, not later than December 1 and June 1 in each year, commencing December 1, 2010, a list, in such form as the Purchase Contract Agent may reasonably require, of the names and addresses of the Holders of Units as
of a date not more than 15 calendar days prior to the delivery thereof, and (ii) at such other times as the Purchase Contract Agent may request in writing, within 30 calendar days after the receipt by the Company of any such request, a list of
similar form and content as of a date not more than 15 calendar days prior to the time such list is furnished, excluding from any such list names and addresses previously received by the Purchase Contract Agent. 

(b) The Purchase Contract Agent shall comply with its obligations, if any, under Section 311(a) of the TIA, subject to the
provisions of Section 311(b) and Section 312(b) of the TIA. 
 Section 16.03. Preservation of Information;
Communications to Holders. The Purchase Contract Agent shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Purchase Contract Agent as provided
in Section 16.02 and the names and addresses of Holders received by the Purchase Contract Agent. The Purchase Contract Agent may dispose of any list furnished to it as provided in Section 16.02 upon receipt of a new list so furnished.

 The rights of Holders to communicate with other Holders with respect to their rights under this Agreement or under the Units,
and the corresponding rights and privileges of the Purchase Contract Agent, shall be as provided by the TIA. 
 Every Holder of
Units, by receiving and holding the same, agrees with the Company and the Purchase Contract Agent that neither the Company nor the Purchase Contract Agent nor any agent of either of them shall be held accountable by reason of any disclosure of
information as to names and addresses of Holders made pursuant to the TIA. 

  
 113









  
 Section 16.04.
Reports by Purchase Contract Agent. The Purchase Contract Agent shall transmit to Holders such reports concerning the Purchase Contract Agent and its actions under this Agreement as may be required pursuant to the TIA at the times and in the
manner provided pursuant thereto. If required by Section 313(a) of the TIA, the Purchase Contract Agent shall, within 60 calendar days after each December 15 following the date of this Agreement, deliver to Holders a brief report, dated as
of such December 15, which complies with the provisions of such Section 313(a). 
 A copy of each such report shall,
at the time of such transmission to Holders, be filed by the Purchase Contract Agent with each stock exchange upon which any Units are listed, with the Securities and Exchange Commission and with the Company. The Company will promptly notify the
Purchase Contract Agent when any Units are listed on any stock exchange. 
 Section 16.05. Reports by Company. The
Company shall provide to the Purchase Contract Agent such documents, reports information as required by Section 314(a) (if any) and the compliance certificate required by Section 314(a) of the TIA in the form, in the manner and at the
times required by Section 314(a) of the TIA; provided that any such information, documents or reports required to be filed with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Exchange Act shall be
filed with the Purchase Contract Agent within 15 days after the same is so required to be filed with the Securities and Exchange Commission. 
 Delivery of such information, documents and reports to the Purchase Contract Agent is for informational purposes only and the Purchase Contract Agent’s receipt of such shall not constitute
constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Purchase Contract Agent is entitled to rely
exclusively on Officer’s Certificates). 
 Section 16.06. Evidence of Compliance with Conditions Precedent. The
Company shall provide to the Purchase Contract Agent such evidence of compliance with any conditions precedent provided for in this Agreement as and to the extent required by Section 314(c) of the TIA. Any certificate or opinion required to be
given by an officer pursuant to Section 314(c)(1) of the TIA may be given in the form of an Officer’s Certificate. Any opinion required to be given pursuant to Section 314(c)(2) of the TIA may be given in the form of an Opinion of
Counsel. 

  
 114









  
 Section 16.07.
Defaults, Waiver. The Holders of a majority of the Outstanding Purchase Contracts voting together as one class may, by vote or consent, on behalf of all of the Holders, waive any past default by the Company and its consequences, except a
default: 
 (a) In the payment on any Purchase Contract, or 

(b) In respect of a provision hereof which under Section 8.02 cannot be modified or amended without the consent of the Holder of
each Outstanding Purchase Contract affected. 
 Upon such waiver, any such default shall cease to exist, and any default by the
Company arising therefrom shall be deemed to have been cured, for every purpose of this Agreement, but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

Section 16.08. Purchase Contract Agent’s Knowledge of Defaults. The Purchase Contract Agent shall not be deemed to have
notice or be charged with knowledge of any Trigger Event, Fundamental Change, Termination Event or any default hereunder unless a Responsible Officer of the Purchase Contract Agent has received written notice from the Company or any Holder of such
Trigger Event, Fundamental Change, Termination Event or default at the Corporate Trust Office of the Purchase Contract Agent, and such notice references the Units and this Agreement and identifies such default. 

Section 16.09. Direction of Purchase Contract Agent. Sections 315(d)(3) and 316(a)(1)(A) of the TIA are hereby expressly
excluded from this Agreement, as permitted by the TIA. 
 ARTICLE 17 

MISCELLANEOUS 
 Section 17.01. Security Interest Absolute. All rights of the Collateral Agent and security interests hereunder, and all obligations of the Holders from time to time hereunder pursuant to the
Pledge, shall be absolute and unconditional irrespective of: 
 (a) any lack of validity or enforceability of any provision of
the Purchase Contracts or the Units or any other agreement or instrument relating thereto; 
 (b) any change in the time, manner
or place of payment of, or any other term of, or any increase in the amount of, all or any of the obligations of Holders of the Units under the related Purchase Contracts, or any other amendment or


  
 115









 
waiver of any term of, or any consent to any departure from any requirement of, this Agreement or any Purchase Contract or any other agreement or instrument relating thereto; or 

(c) any other circumstance which might otherwise constitute a defense available to, or discharge of, a borrower, a guarantor or a
pledgor. 
 Section 17.02. Notice of Termination Event. Upon the occurrence of a Termination Event, the Company
shall deliver written notice to the Purchase Contract Agent, the Collateral Agent and the Securities Intermediary. 
 [SIGNATURES
ON THE FOLLOWING PAGES] 

  
 116









  
 IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed as of the day and year first above written. 
  

					
	STANLEY BLACK & DECKER, INC.
	  
 By:
	 	 /s/ Craig A. Douglas

		 	Name:	 	Craig A. Douglas
		 	Title:	 	Vice President and Treasurer

 Address for Notices:

 Stanley Black & Decker, Inc. 
 1000 Stanley Drive 
 New Britain, Connecticut 06053 

Attention: Treasurer and Corporate Secretary 







  
 IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed as of the day and year first above written. 
  

			
	 The Bank of New York Trust
 Company, National Association, as
 Purchase Contract

Agent and as attorney-in-fact of the
 Holders
from time to time of the Units

	  
 By:
	 	 /s/ Lawrence M. Kusch

		 	Name: Lawrence M. Kusch
		 	Title:   Vice President

 Address for Notices:

 The Bank of New York Mellon Trust Company, National Association 
 2 North LaSalle Street, Suite 1020 
 Chicago, Illinois 60602 

Attention: Global Corporate Trust 







  
 IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed as of the day and year first above written. 
  

			
	 HSBC Bank USA, National

Association, as Collateral Agent,

Custodial Agent and Securities

Intermediary

		
	 By:
	 	 /s/ Ignazio Tamburello

		 	Name: Ignazio Tamburello
		 	Title: Vice President








  
 EXHIBIT A

 (FORM OF FACE OF CORPORATE UNITS CERTIFICATE) 

[For inclusion in Global Certificates only - THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE PURCHASE CONTRACT AND
PLEDGE AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF CEDE & CO., AS NOMINEE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”), THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY. THIS CERTIFICATE IS EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AND PLEDGE AGREEMENT AND NO TRANSFER OF
THIS CERTIFICATE (OTHER THAN A TRANSFER OF THIS CERTIFICATE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN LIMITED
CIRCUMSTANCES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.] 
  

			
	 No. R-
 Number of Corporate
Units:
	  	 CUSIP No. 854502 309
 ISIN
No. US8545023090


 STANLEY BLACK & 
 DECKER, INC. 
 Corporate Units 

This Corporate Units Certificate certifies
that                     is the registered Holder of the number of Corporate Units set forth above [For inclusion in Global


  
 A-1









 
Certificates only - or such other number of Corporate Units reflected in the Schedule of Increases or Decreases in Global Certificate attached hereto]. Each Corporate Unit consists of (i) an
Applicable Ownership Interest in a Note or an Applicable Ownership Interest in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), subject to the Pledge thereof by
such Holder pursuant to the Purchase Contract and Pledge Agreement and (ii) the rights and obligations of the Holder under one Purchase Contract with the Company. 
 All capitalized terms used herein without definition herein and which are defined in the Purchase Contract and Pledge Agreement (as defined on the reverse hereof) have the meaning set forth therein.

 Pursuant to the Purchase Contract and Pledge Agreement, the Applicable Ownership Interest in Notes or the Applicable
Ownership Interest in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), as the case may be, constituting part of each Corporate Unit evidenced hereby has been
pledged to the Collateral Agent, for the benefit of the Company, to secure the obligations of the Holder under the Purchase Contract comprising part of such Corporate Unit. 
 All payments of the principal amount with respect to the Notes underlying the Pledged Applicable Ownership Interests in Notes or all payments with respect to the Applicable Ownership Interests in the
Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), as the case may be, or payments of interest on the Pledged Applicable Ownership Interests in Notes or distributions
with respect to the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (ii) of the definition of Applicable Ownership Interests in the Treasury Portfolio), as the case may be, constituting part of the Corporate
Units shall be paid on the dates and in the manner set forth in the Purchase Contract and Pledge Agreement. Interest on the Notes underlying the Applicable Ownership Interests in Notes or distributions on the Applicable Ownership Interests in the
Treasury Portfolio (as specified in clause (ii) of the definition of Applicable Ownership Interests in the Treasury Portfolio), as the case may be, forming part of the Corporate Units evidenced hereby, which is payable on each Payment Date,
shall, subject to receipt thereof by the Purchase Contract Agent, be paid to the Person in whose name this Corporate Units Certificate (or a Predecessor Corporate Units Certificate) is registered at the close of business on the Record Date for such
Payment Date. 
 The Company shall pay, on each Payment Date, in respect of each Purchase Contract forming part of a Corporate
Unit evidenced hereby, an amount (the “Contract Adjustment Payments”) equal to 0.50% per year of the Stated Amount for the period from and including the immediately preceding Payment


  
 A-2









 
Date on which Contract Adjustment Payments were paid (or if none, November 5, 2010) to but excluding such Payment Date. Such Contract Adjustment Payments shall be payable to the Person in
whose name this Corporate Units Certificate is registered at the close of business on the Record Date for such Payment Date. The Company may, at its option, defer such Contract Adjustment Payments as described in the Purchase Contract and Pledge
Agreement. The Contract Adjustment Payments are unsecured and will rank subordinate and junior in right of payment to all of the Company’s existing and future Indebtedness. 

Each Purchase Contract evidenced hereby obligates the Holder of this Corporate Units Certificate to purchase, and the Company to sell, on
the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, at a Purchase Price equal to the Stated Amount, a number of newly issued shares of Convertible Preferred Stock of the Company, equal to the Settlement Rate,
unless on or prior to the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable there shall have occurred a Termination Event, an Early Settlement or a Fundamental Change Early Settlement with respect to such
Purchase Contract, all as provided in the Purchase Contract and Pledge Agreement. The Purchase Price for the shares of Convertible Preferred Stock purchased pursuant to each Purchase Contract evidenced hereby, if not paid earlier, shall be paid on
the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable by application of payment received in the Final Remarketing or the Triggered Early Remarketing, as applicable, of the Notes underlying the Pledged Applicable
Ownership Interests in Notes equal to the principal amount thereof or the proceeds of the Pledged Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the
Treasury Portfolio), as the case may be, pledged to secure the obligations under such Purchase Contract of the Holder of the Corporate Units of which such Purchase Contract is a part. 

Interest on the Notes or distributions on the Applicable Ownership Interest in the Treasury Portfolio, as the case may be, and the
Contract Adjustment Payments will be payable at the office of the Purchase Contract Agent in New York City, except that all payments with respect to Global Certificates will be made by wire transfer of immediately available funds to the Depositary.
If the book-entry system for the Corporate Units has been terminated, the Contract Adjustment Payments will be payable, at the option of the Company, by check mailed to the address of the Person entitled thereto at such Person’s address as it
appears on the Security Register, or by wire transfer to the account designated by such Person by prior written notice to the Purchase Contract Agent, given at least ten calendar days prior to the Payment Date. 

Each Purchase Contract evidenced hereby obligates the holder to agree, for United States federal income tax purposes, to (i) treat
its acquisition of the Corporate Units as an acquisition of the Note and Purchase Contract constituting 

  
 A-3









 
each Corporate Unit, (ii) treat the Notes as indebtedness of the Company and (iii) treat itself as the owner of the applicable interests in the Collateral Account, including the Notes.

 Reference is hereby made to the further provisions set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been
executed by the Purchase Contract Agent by manual signature, this Corporate Units Certificate shall not be entitled to any benefit under the Purchase Contract and Pledge Agreement or be valid or obligatory for any purpose. 

  
 A-4









  
 IN WITNESS WHEREOF,
the Company and the Holder specified above have caused this instrument to be duly executed. 
  

			
	 STANLEY BLACK & DECKER, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:




 

			
	 HOLDER SPECIFIED ABOVE (as to
obligations of such Holder under the
Purchase Contracts)

		
	 By:
	 	 THE BANK OF NEW YORK
 TRUST
COMPANY, NATIONAL ASSOCIATION, not
 individually but solely as attorney-
 in-fact of such Holder



  

			
	 By:
	 	  

		 	 Name:

		 	 Title:



 DATED:                      

  
 A-5









  
 CERTIFICATE OF
AUTHENTICATION 
 OF PURCHASE CONTRACT AGENT 
 This is one of the Corporate Units Certificates referred to in the within mentioned Purchase Contract and Pledge Agreement. 

 

			
	 THE BANK OF NEW YORK MELLON
TRUST COMPANY, NATIONAL
ASSOCIATION, as Purchase
Contract
Agent

		
	 By:
	 	  

		 	 Authorized Signatory



 DATED:                      

  
 A-6









  
 (REVERSE OF CORPORATE
UNITS CERTIFICATE) 
 Each Purchase Contract evidenced hereby is governed by a Purchase Contract and Pledge Agreement, dated as
of November 5, 2010 (as may be supplemented from time to time, the “Purchase Contract and Pledge Agreement”), between the Company and The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent
(including its successors thereunder, the “Purchase Contract Agent”), and HSBC Bank USA, National Association, as Collateral Agent, Custodial Agent and Securities Intermediary (including its successors thereunder, the
“Collateral Agent”), to which Purchase Contract and Pledge Agreement and supplemental agreements thereto reference is hereby made for a description of the respective rights, limitations of rights, obligations, duties and immunities
thereunder of the Purchase Contract Agent, the Collateral Agent, the Company, and the Holders and of the terms upon which the Corporate Units Certificates are, and are to be, executed and delivered. 

Each Purchase Contract evidenced hereby obligates the Holder of this Corporate Units Certificate to purchase, and the Company to sell, on
the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, at a price equal to the Stated Amount, a number of shares of Convertible Preferred Stock equal to the Settlement Rate, unless an Early Settlement, a
Fundamental Change Early Settlement or a Termination Event with respect to the Units of which such Purchase Contract is a part shall have occurred. 
 No fractional shares of Convertible Preferred Stock will be issued upon settlement of Purchase Contracts, as provided in Section 5.07 of the Purchase Contract and Pledge Agreement. 

Each Purchase Contract evidenced hereby that is settled through Early Settlement or Fundamental Change Early Settlement shall obligate
the Holder of the related Corporate Units to purchase at the Purchase Price, and the Company to sell, a number of newly issued shares of Convertible Preferred Stock equal to Early Settlement Rate (in the case of an Early Settlement) or applicable
Settlement Rate (in the case of a Fundamental Change Early Settlement). 
 In accordance with the terms of the Purchase Contract
and Pledge Agreement, unless a Termination Event shall have occurred, the Holder of this Corporate Units Certificate shall pay the Purchase Price for the shares of Convertible Preferred Stock purchased pursuant to each Purchase Contract evidenced
hereby by effecting an Early Settlement or, if applicable, a Fundamental Change Early Settlement or from the proceeds of the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable
Ownership Interest in the Treasury Portfolio) or a Final Remarketing or a Triggered Early Remarketing, as applicable, of the Notes underlying the Pledged Applicable Ownership Interests in Notes. 

  
 A-7









  
 As provided in the
Purchase Contract and Pledge Agreement, upon the occurrence of a Failed Final Remarketing or a Failed Triggered Early Remarketing, as applicable, as of the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, each
Holder of any Pledged Applicable Ownership Interests in Notes shall be deemed to have exercised such Holder’s Put Right with respect to the Notes and to have elected to apply the Proceeds of the Put Right equal to the aggregate Purchase Price
against such Holder’s obligation to pay the aggregate Purchase Price for the shares of Convertible Preferred Stock to be issued under the related Purchase Contracts in full satisfaction of such Holder’s Obligations under such Purchase
Contracts. 
 The Company shall not be obligated to issue any shares of Convertible Preferred Stock in respect of a Purchase
Contract or deliver any certificates therefor to the Holder unless it shall have received payment of the aggregate Purchase Price for the shares of Convertible Preferred Stock to be purchased thereunder in the manner set forth in the Purchase
Contract and Pledge Agreement. 
 Each Purchase Contract evidenced hereby and all obligations and rights of the Company and the
Holder thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Contract Adjustment Payments, shall terminate if a Termination Event shall occur. Upon the occurrence of a
Termination Event, the Company shall give written notice to the Purchase Contract Agent and to the Holders, at their addresses as they appear in the Security Register. Upon and after the occurrence of a Termination Event, the Collateral Agent shall
release the Notes underlying the Pledged Applicable Ownership Interests in Notes or the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of such term) forming a part of each Corporate Unit
from the Pledge. A Corporate Unit shall thereafter represent the right to receive the Notes underlying the Applicable Ownership Interest in the Notes or the Applicable Ownership Interests in the Treasury Portfolio in accordance with the terms of the
Purchase Contract and Pledge Agreement. 
 Under the terms of the Purchase Contract and Pledge Agreement, the Purchase Contract
Agent will be entitled to exercise the voting and any other consensual rights pertaining to the Notes underlying the Pledged Applicable Ownership Interests in Notes, but only to the extent instructed in writing by the Holders. Upon receipt of notice
of any meeting at which holders of Notes are entitled to vote or upon any solicitation of consents, waivers or proxies of holders of Notes, the Purchase Contract Agent shall, as soon as practicable thereafter, mail, first class, postage pre-paid, to
the Holders of Corporate Units the notice required by the Purchase Contract and Pledge Agreement. 

  
 A-8









  
 The Corporate Units
Certificates are issuable only in registered form and only in denominations of a single Corporate Unit and any integral multiple thereof. The transfer of any Corporate Units Certificate will be registered and Corporate Units Certificates may be
exchanged as provided in the Purchase Contract and Pledge Agreement. A Holder who elects to substitute Cash for the Note thereby creating Treasury Units or Cash Settled Units, shall be responsible for any fees or expenses payable in connection
therewith. Except as provided in the Purchase Contract and Pledge Agreement, such Corporate Unit shall not be separable into its constituent parts, and the rights and obligations of the Holder of such Corporate Unit in respect of the Note and
Purchase Contract constituting such Corporate Unit may be transferred and exchanged only as a Corporate Unit. 
 Subject to, and
in compliance with, the conditions and terms set forth in the Purchase Contract and Pledge Agreement, the Holder of Corporate Units may effect a Collateral Substitution. From and after such Collateral Substitution, each Unit for which a Pro Rata
Portion of the Treasury Unit Collateral secures the Holder’s obligation under the Purchase Contract shall be referred to as a “Treasury Unit”, and each Unit for which Pledged Cash secures the Holder’s obligation under the
Purchase Contract shall be referred to as a “Cash Settled Units”. Subject to certain exceptions in the Purchase Contract and Pledge Agreement, a Holder may make such Collateral Substitution only in integral multiples of 10 Corporate
Units for 10 Treasury Units or 10 Cash Settled Units, as the case may be. 
 Subject to and upon compliance with the provisions
of, and certain exceptions described in, the Purchase Contract and Pledge Agreement, at the option of the Holder thereof, Purchase Contracts underlying Units may be settled early by effecting an Early Settlement or Fundamental Change Early
Settlement as provided in the Purchase Contract and Pledge Agreement. 
 Upon registration of transfer of this Corporate Units
Certificate, the transferee shall be bound (without the necessity of any other action on the part of such transferee, except as may be required by the Purchase Contract Agent pursuant to the Purchase Contract and Pledge Agreement), under the terms
of the Purchase Contract and Pledge Agreement and the Purchase Contracts evidenced hereby and the transferor shall be released from the obligations under the Purchase Contracts evidenced by this Corporate Units Certificate. The Company covenants and
agrees, and the Holder, by its acceptance hereof, likewise covenants and agrees, to be bound by the provisions of this paragraph. 
 The Holder of this Corporate Units Certificate, by its acceptance hereof, authorizes the Purchase Contract Agent to enter into and perform the related Purchase Contracts forming part of the Corporate
Units evidenced hereby on its behalf as its attorney-in-fact, expressly withholds any consent to the assumption (i.e., affirmance) of the Purchase Contracts by the Company or its trustee in the


  
 A-9









 
event that the Company becomes the subject of a case under the Bankruptcy Code, agrees to be bound by the terms and provisions thereof, covenants and agrees to perform its obligations under such
Purchase Contracts, consents to the provisions of the Purchase Contract and Pledge Agreement, authorizes the Purchase Contract Agent to enter into and perform the Purchase Contract and Pledge Agreement on its behalf as its attorney-in-fact, and
consents to the Pledge of the Applicable Ownership Interests in Notes and the underlying Notes or the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the
Treasury Portfolio), as the case may be, underlying this Corporate Units Certificate pursuant to the Purchase Contract and Pledge Agreement. The Holder further covenants and agrees that, to the extent and in the manner provided in the Purchase
Contract and Pledge Agreement, but subject to the terms thereof, any payments with respect the Notes underlying the Pledged Applicable Ownership Interests in Notes (other than interest payments thereon) or the Proceeds of the Applicable Ownership
Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), as the case may be, on the Purchase Contract Settlement Date or the Triggered Early Settlement Date,
as applicable, equal to the aggregate Purchase Price for the related Purchase Contracts shall be paid by the Collateral Agent to the Company in satisfaction of such Holder’s obligations under the related Purchase Contracts and such Holder shall
acquire no right, title or interest in such payments. 
 Subject to certain exceptions, the provisions of the Purchase Contract
and Pledge Agreement may be amended with the consent of the Holders of a majority of the Purchase Contracts. 
 The Purchase
Contracts shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to the conflicts of law provisions thereof to the extent a different law would govern as a result. 

The Purchase Contracts shall not, prior to the settlement thereof, entitle the Holder to any of the rights of a holder of shares of
Convertible Preferred Stock or Common Stock. 
 Prior to due presentment of this Certificate for registration of transfer, the
Company, the Purchase Contract Agent and its Affiliates and any agent of the Company or the Purchase Contract Agent may treat the Person in whose name this Corporate Units Certificate is registered as the owner of the Corporate Units evidenced
hereby for the purpose of receiving payments of interest payable on the Notes underlying the Applicable Ownership Interests in Notes, receiving payments of Contract Adjustment Payments (subject to any applicable record date) and payments of Contract
Adjustment Payments (subject to any applicable record date), performance of the Purchase Contracts and for all other purposes whatsoever, whether or not any payments in respect thereof be overdue and


  
 A-10









 
notwithstanding any notice to the contrary, and neither the Company, the Purchase Contract Agent nor any such agent shall be affected by notice to the contrary. 

A copy of the Purchase Contract and Pledge Agreement is available for inspection at the offices of the Purchase Contract Agent during
regular business hours. 

  
 A-11









  
 ABBREVIATIONS

 The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though
they were written out in full according to applicable laws or regulations: 
 TEN COM: as tenants in common 

 

			
	UNIF GIFT MN ACT:                     
Custodian                     


			
	(cust)	 	    (minor)

 Under Uniform Gifts to
Minors Act of 
 TENANT: as tenants by the entireties 
 JT TEN: as joint tenants with right of survivorship and not as tenants in common 
 Additional
abbreviations may also be used though not in the above list. 
 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s)
unto 
  

	
	
	 
	(Please insert Social Security or Taxpayer I.D. or other Identifying Number of Assignee)


 

	
	
	 
	(Please Print or Type Name and Address Including Postal Zip Code of Assignee)

 the within Corporate Units Certificates and all rights thereunder, hereby irrevocably constituting and appointing attorney, to transfer said Corporate Units Certificates on the books of Stanley
Black & Decker, Inc., with full power of substitution in the premises 
  

					
	Dated:                    	    	Signature                     	    	
		    	NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Corporate Units Certificates in every particular, without
alteration or enlargement or any change whatsoever.	    	

 Signature Guarantee:
                                         
    

  
 A-12









  
 SETTLEMENT
INSTRUCTIONS 
 The undersigned Holder directs that a certificate for shares of Convertible Preferred Stock deliverable upon
settlement on or after the Purchase Contract Settlement Date of the Purchase Contracts underlying the number of Corporate Units evidenced by this Corporate Units Certificate be registered in the name of, and delivered to the undersigned at the
address indicated below unless a different name and address have been indicated below. If shares are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident thereto. 

 

			
	Dated:	  	(if assigned to another person)
		
	If shares are to be registered in the name of and delivered to a Person other than the Holder, please (i) print such	  	REGISTERED HOLDER
	Person’s name and address and (ii) provide a guarantee of your signature:	  	 Please print name and address of

registered Holder:

		
	  
	  	  

	Name	  	Name
		
	  
	  	  

	Address	  	Address
		
	  
	  	  

		
	  
	  	  

		
	  
	  	  

		
	 Social Security or other Taxpayer
 Identification Number, if any
	  	
		
	  
	  	
	Signature	  	

 Signature Guarantee:
                                         
    

  
 A-13









  
 ELECTION TO SETTLE
EARLY/FUNDAMENTAL CHANGE EARLY 
 SETTLEMENT 
 The undersigned Holder of this Corporate Units Certificate hereby irrevocably exercises the option to effect [Early Settlement] [Fundamental Change Early Settlement] in accordance with the terms of the
Purchase Contract and Pledge Agreement with respect to the Purchase Contracts underlying the number of Corporate Units evidenced by this Corporate Units Certificate specified below. The option to effect [Early Settlement] [Fundamental Change Early
Settlement] may be exercised only with respect to Purchase Contracts underlying Corporate Units in multiples of [20][10] Corporate Units or an integral multiple thereof; provided that if Applicable Ownership Interests in the Treasury
Portfolio have replaced Applicable Ownership Interests in the Notes as a component of the Corporate Units, Corporate Units Holders may only effect [Early Settlement] [Fundamental Change Early Settlement] in multiples of 16,000 Corporate Units (or
such other number of Corporate Units as may be determined by the Remarketing Agent(s) upon a Successful Remarketing of Notes, which number shall be provided to a Holder by the Company at the request of such Holder). The undersigned Holder directs
that a certificate for shares of Convertible Preferred Stock deliverable upon such [Early Settlement] [Fundamental Change Early Settlement] be registered in the name of, and delivered, together with any Corporate Units Certificate representing any
Corporate Units evidenced hereby as to which [Early Settlement] [Fundamental Change Early Settlement] of the related Purchase Contracts is not effected, to the undersigned at the address indicated below unless a different name and address have been
indicated below. Notes underlying Pledged Applicable Ownership Interests in Notes or the Applicable Ownership Interests in the Treasury Portfolio, as the case may be, deliverable upon such [Early Settlement] [Fundamental Change Early Settlement]
will be transferred in accordance with the transfer instructions set forth below. If shares are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident thereto. 

 

									
	Dated:                     	  	Signature                     	  		  		  	

 Signature Guarantee:
                                         
    
 Number of Units evidenced hereby as to which [Early Settlement] [Fundamental Change Early Settlement] of the related
Purchase Contracts is being elected: 
  

			
	If shares of Convertible Preferred Stock or Corporate Units Certificates are to be registered in the name of and delivered	  	REGISTERED HOLDER


  
 A-14










			
	to and Pledged Notes are to be transferred to a Person other than the Holder, please print such Person’s name and address:	  	Please print name and address of registered Holder:
		
	  
	  	  

	Name	  	Name
		
	  
	  	  

	Address	  	Address
		
	  
	  	  

		
	  
	  	  

		
	  
	  	  

		
	Social Security or other Taxpayer Identification Number, if any	  	
		
	  
	  	

 Transfer Instructions for Notes underlying Pledged Applicable Ownership Interests in Notes or the
Applicable Ownership Interests in the Treasury Portfolio, as the case may be, transferable upon [Early Settlement] [Fundamental Change Early Settlement]: 

  
 A-15









  
 [TO BE ATTACHED TO
GLOBAL CERTIFICATES] 
 SCHEDULE OF INCREASES OR DECREASES IN 

GLOBAL CERTIFICATE 
 The initial number of Corporate Units evidenced by this Global Certificate is             . The following increases or decreases in this
Global Certificate have been made: 
  

									
	 Date
	  	 Amount of increase in
 number of Corporate
 Units evidenced by the

Global Certificate
	  	 Amount of decrease in
 number of Corporate
 Units evidenced by the

Global Certificate
	  	 Number of Corporate
 Units evidenced by
 this Global Certificate

following such
 decrease or increase
	  	 Signature of
 authorized signatory
 of Purchase Contract

Agent

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	


  
 A-16









  
 EXHIBIT B

 (FORM OF FACE OF TREASURY UNITS CERTIFICATE) 

[For inclusion in Global Certificate only - THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE PURCHASE CONTRACT AND
PLEDGE AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF CEDE & CO., AS NOMINEE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”), THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY. THIS CERTIFICATE IS EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AND PLEDGE AGREEMENT AND NO TRANSFER OF
THIS CERTIFICATE (OTHER THAN A TRANSFER OF THIS CERTIFICATE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN LIMITED
CIRCUMSTANCES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.] 
  

							
	No. TR–	 		 		  	CUSIP No. 854502 408
	Number of Treasury Units: 0	 		 		  	ISIN No. US8545024080


  
 B-1









  
 STANLEY
BLACK & DECKER, INC. 
 Treasury Units 
 This Treasury Units Certificate certifies that                      is the registered Holder of the
number of Treasury Units set forth above [For inclusion in Global Certificates only - or such other number of Treasury Units reflected in the Schedule of Increases or Decreases in Global Certificate attached hereto]. Each Treasury Unit consists of
(i) an undivided beneficial ownership interest in a Pro Rata Portion of the Treasury Unit Collateral, subject to the Pledge of such Treasury Security by such Holder pursuant to the Purchase Contract and Pledge Agreement, and (ii) the
rights and obligations of the Holder under one Purchase Contract with the Company. 
 All capitalized terms used herein that are
defined in the Purchase Contract and Pledge Agreement (as defined on the reverse hereof) have the meaning set forth therein. 

Pursuant to the Purchase Contract and Pledge Agreement, the Pro Rata Portion of the Treasury Unit Collateral underlying each Treasury
Unit evidenced hereby has been pledged to the Collateral Agent, for the benefit of the Company, to secure the obligations of the Holder under the Purchase Contract comprising part of such Treasury Unit. 

The Company shall pay, on each Payment Date, in respect of each Purchase Contract forming part of a Treasury Unit evidenced hereby, an
amount (the “Contract Adjustment Payments”) equal to 0.50% per year of the Stated Amount. Such Contract Adjustment Payments shall be payable to the Person in whose name this Treasury Units Certificate is registered at the close
of business on the Record Date for such Payment Date. The Company may, at its option, defer such Contract Adjustment Payments, as described in the Purchase Contract and Pledge Agreement. The Contract Adjustment Payments are unsecured and will rank
subordinate and junior in right of payment to all of the Company’s existing and future Indebtedness. 
 Each Purchase
Contract evidenced hereby obligates the Holder of this Treasury Units Certificate to purchase, and the Company to sell, on the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, at a Purchase Price equal to the
Stated Amount, a number of newly issued shares of Convertible Preferred Stock of the Company, equal to the Settlement Rate, unless prior to or on the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, there
shall have occurred a Termination Event, an Early Settlement or a Fundamental Change Early Settlement with respect to such Purchase Contract, all as provided in the Purchase Contract and Pledge Agreement. The Purchase Price for the shares of
Convertible Preferred Stock purchased pursuant to each Purchase Contract evidenced hereby, if not paid 

  
 B-2









 
earlier, shall be paid on the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, by application of the proceeds from the Pro Rata Portion of the Treasury
Unit Collateral pledged to secure the obligations under such Purchase Contract of the Holder of the Treasury Units of which such Purchase Contract is a part. 
 Contract Adjustment Payments will be payable at the office of the Purchase Contract Agent in New York City, except that Contract Adjustment Payments with respect to Global Certificates will be made by
wire transfer of immediately available funds to the Depositary. If the book-entry system for the Corporate Units has been terminated, the Contract Adjustment Payments will be payable, at the option of the Company, by check mailed to the address of
the Person entitled thereto at such Person’s address as it appears on the Security Register, or by wire transfer to the account designated by such Person by prior written notice to the Purchase Contract Agent, given at least ten calendar days
prior to the Payment Date. 
 Each Purchase Contract evidenced hereby obligates the holder to agree, for United States federal
income tax purposes, to (i) treat its acquisition of the Treasury Units as an acquisition of the Pro Rata Portion of the Treasury Unit Collateral and Purchase Contracts constituting the Treasury Units and (ii) treat itself as the owner of
the applicable Pro Rata Portion of the Treasury Unit Collateral. 
 Reference is hereby made to the further provisions set forth
on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereon has been executed by the Purchase Contract Agent by manual signature, this Treasury Units
Certificate shall not be entitled to any benefit under Purchase Contract and Pledge Agreement or be valid or obligatory for any purpose. 
 IN WITNESS WHEREOF, the Company and the Holder specified above have caused this instrument to be duly executed. 

 

			
	STANLEY BLACK & DECKER, INC.
		
	By:	 	  

		 	Name:
		 	Title:



  
 B-3









  
 
			
	 HOLDER SPECIFIED ABOVE (as to
obligations of such Holder under the
Purchase Contracts)

		
	By:	 	 THE BANK OF NEW YORK
 TRUST
COMPANY, NATIONAL ASSOCIATION, not
 individually but solely as attorney-
 in-fact of such Holder

		
	By:	 	  

		 	Name:
		 	Title:


 DATED:
                     

CERTIFICATE OF AUTHENTICATION OF 
 PURCHASE CONTRACT AGENT 
 This is one of the Treasury Units referred to in
the within mentioned Purchase Contract and Pledge Agreement. 
  

			
	 THE BANK OF NEW YORK MELLON
TRUST COMPANY, NATIONAL
ASSOCIATION, as Purchase
Contract
Agent

		
	By:	 	  

		 	Authorized Signatory


 DATED:
                     

  
 B-4









  
 (REVERSE OF TREASURY
UNITS CERTIFICATE) 
 Each Purchase Contract evidenced hereby is governed by a Purchase Contract and Pledge Agreement, dated
as of November 5, 2010 (as may be supplemented from time to time, the “Purchase Contract and Pledge Agreement”) between the Company and The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent
(including its successors thereunder, herein called the “Purchase Contract Agent”), and HSBC Bank USA, National Association, as Collateral Agent, Custodial Agent and Securities Intermediary (including its successors thereunder, the
“Collateral Agent”), to which Purchase Contract and Pledge Agreement and supplemental agreements thereto reference is hereby made for a description of the respective rights, limitations of rights, obligations, duties and immunities
thereunder of the Purchase Contract Agent, the Collateral Agent, the Company and the Holders and of the terms upon which the Treasury Units Certificates are, and are to be, executed and delivered. 

Each Purchase Contract evidenced hereby obligates the Holder of this Treasury Units Certificate to purchase, and the Company to sell, on
the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, at a price equal to the Stated Amount, a number of newly issued shares of Convertible Preferred Stock equal to the Settlement Rate, unless an Early
Settlement, a Fundamental Change Early Settlement or a Termination Event with respect to the Unit of which such Purchase Contract is a part shall have occurred. 
 No fractional shares of Convertible Preferred Stock will be issued upon settlement of Purchase Contracts, as provided in Section 5.07 of the Purchase Contract and Pledge Agreement. 

Each Purchase Contract evidenced hereby that is settled through Early Settlement or Fundamental Change Early Settlement shall obligate
the Holder of the related Treasury Units to purchase at the Purchase Price and the Company to sell, a number of newly issued shares of Convertible Preferred Stock equal to the Early Settlement Rate (in the case of an Early Settlement) or applicable
Settlement Rate (in the case of a Fundamental Change Early Settlement). 
 In accordance with the terms of the Purchase Contract
and Pledge Agreement, the Holder of this Treasury Units Certificate shall pay the Purchase Price for the shares of the Convertible Preferred Stock to be purchased pursuant to each Purchase Contract evidenced hereby either by effecting an Early
Settlement or, if applicable, a Fundamental Change Early Settlement of each such Purchase Contract or by applying the proceeds of the Pro Rata Portion of the Treasury Unit Collateral underlying such Holder’s Treasury Unit equal to the Purchase
Price for such Purchase Contract to the purchase of the Convertible Preferred Stock. 

  
 B-5









  
 As provided in the
Purchase Contract and Pledge Agreement, upon the occurrence of a Failed Final Remarketing or a Failed Triggered Early Remarketing, as applicable, as of the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, each
Holder of Treasury Units shall be deemed to have elected to apply a portion of the Cash constituting such Holder’s Pro Rata Portions of the Treasury Unit Collateral equal to the aggregate Purchase Price for the shares of Convertible Preferred
Stock to be issued under the related Purchase Contracts to satisfy such Holder’s obligation to pay such aggregate Purchase Price in full satisfaction of such Holder’s Obligations under such Purchase Contracts. 

The Company shall not be obligated to issue any shares of Convertible Preferred Stock in respect of a Purchase Contract or deliver any
certificates therefor to the Holder unless it shall have received payment of the aggregate Purchase Price for the shares of Convertible Preferred Stock to be purchased thereunder in the manner set forth in the Purchase Contract and Pledge Agreement.

 Each Purchase Contract evidenced hereby and all obligations and rights of the Company and the Holder thereunder, shall
terminate if a Termination Event shall occur. Upon the occurrence of a Termination Event, the Company shall give written notice to the Purchase Contract Agent and the Holders, at their addresses as they appear in the Security Register. Upon and
after the occurrence of a Termination Event, the Collateral Agent shall release the Pro Rata Portion of the Treasury Unit Collateral underlying each Treasury Unit from the Pledge. A Treasury Unit shall thereafter represent the right to receive the
Pro Rata Portion of the Treasury Unit Collateral underlying such Treasury Unit, in accordance with the terms of the Purchase Contract and Pledge Agreement. 
 The Treasury Units Certificates are issuable only in registered form and only in denominations of a single Treasury Unit and any integral multiple thereof. The transfer of any Treasury Units Certificate
will be registered and Treasury Units Certificates may be exchanged as provided in the Purchase Contract and Pledge Agreement. A Holder who elects to substitute Notes for the Pro Rata Portion of the Treasury Unit Collateral, thereby recreating
Corporate Units, shall be responsible for any fees or expenses payable in connection therewith. Except as provided in the Purchase Contract and Pledge Agreement, such Treasury Unit shall not be separable into its constituent parts, and the rights
and obligations of the Holder of such Treasury Unit in respect of the Pro Rata Portion of the Treasury Unit Collateral and the Purchase Contract constituting such Treasury Unit may be transferred and exchanged only as a Treasury Unit. 

Subject to, and in compliance with, the conditions and terms set forth in the Purchase Contract and Pledge Agreement, the Holder of
Treasury Units may effect a Collateral Substitution. From and after such substitution, each Unit for which Pledged Notes secure the Holder’s obligation under the Purchase Contract 

  
 B-6









 
shall be referred to as a “Corporate Unit”. Subject to certain exceptions described in the Purchase Contract and Pledge Agreement, a Holder may make such Collateral Substitution
only in integral multiples of 10 Treasury Units for 10 Corporate Units. 
 Subject to and upon compliance with the provisions of
the Purchase Contract and Pledge Agreement, at the option of the Holder thereof, Purchase Contracts underlying Units may be settled early by effecting an Early Settlement or a Fundamental Change Early Settlement as provided in the Purchase Contract
and Pledge Agreement. 
 Upon registration of transfer of this Treasury Units Certificate, the transferee shall be bound
(without the necessity of any other action on the part of such transferee, except as may be required by the Purchase Contract Agent pursuant to the Purchase Contract and Pledge Agreement), under the terms of the Purchase Contract and Pledge
Agreement and the Purchase Contracts evidenced hereby and the transferor shall be released from the obligations under the Purchase Contracts evidenced by this Treasury Units Certificate. The Company covenants and agrees, and the Holder, by its
acceptance hereof, likewise covenants and agrees, to be bound by the provisions of this paragraph. 
 The Holder of this
Treasury Units Certificate, by its acceptance hereof, authorizes the Purchase Contract Agent to enter into and perform the related Purchase Contracts forming part of the Treasury Units evidenced hereby on its behalf as its attorney-in-fact,
expressly withholds any consent to the assumption (i.e., affirmance) of the Purchase Contracts by the Company or its trustee in the event that the Company becomes the subject of a case under the Bankruptcy Code, agrees to be bound by the terms and
provisions thereof, covenants and agrees to perform its obligations under such Purchase Contracts, consents to the provisions of the Purchase Contract and Pledge Agreement, authorizes the Purchase Contract Agent to enter into and perform the
Purchase Contract and Pledge Agreement on its behalf as its attorney-in-fact, and consents to the Pledge of the Pro Rata Portion of the Treasury Unit Collateral underlying this Treasury Units Certificate pursuant to the Purchase Contract and Pledge
Agreement. The Holder further covenants and agrees, that, to the extent and in the manner provided in the Purchase Contract and Pledge Agreement, but subject to the terms thereof, payments in respect of the Treasury Unit Collateral on the Purchase
Contract Settlement Date or the Triggered Early Settlement Date, as applicable, equal to the aggregate Purchase Price for the related Purchase Contracts shall be paid by the Collateral Agent to the Company in satisfaction of such Holder’s
obligations under such Purchase Contracts and such Holder shall acquire no right, title or interest in such payments. 

  
 B-7









  
 Subject to certain
exceptions, the provisions of the Purchase Contract and Pledge Agreement may be amended with the consent of the Holders of a majority of the Purchase Contracts. 
 The Purchase Contracts shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to the conflicts of law provisions thereof to the extent a different
law would govern as a result. 
 The Purchase Contracts shall not, prior to the settlement thereof, entitle the Holder to any of
the rights of a holder of shares of Convertible Preferred Stock or Common Stock. 
 Prior to due presentment of this Certificate
for registration of transfer, the Company, the Purchase Contract Agent and its Affiliates and any agent of the Company or the Purchase Contract Agent may treat the Person in whose name this Treasury Units Certificate is registered as the owner of
the Treasury Units evidenced hereby for the purpose of receiving payments of Contract Adjustment Payments (subject to any applicable record date), performance of the Purchase Contracts and for all other purposes whatsoever, whether or not any
payments in respect thereof be overdue and notwithstanding any notice to the contrary, and neither the Company, the Purchase Contract Agent nor any such agent shall be affected by notice to the contrary. 

A copy of the Purchase Contract and Pledge Agreement is available for inspection at the offices of the Purchase Contract Agent during
regular business hours. 

  
 B-8









  
 ABBREVIATIONS

 The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though
they were written out in full according to applicable laws or regulations: 
 TEN COM: as tenants in common 

UNIF GIFT MN ACT:                     
Custodian                      

(cust)
                                (minor) 

Under Uniform Gifts to Minors Act of 
 TENANT:
as tenants by the entireties 
 JTTEN: as joint tenants with right of survivorship and not as tenants in common 

Additional abbreviations may also be used though not in the above list. 
 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

              

 
 (Please insert Social Security or Taxpayer I.D. or
other Identifying Number of Assignee) 
               

 
 (Please Print or Type Name and Address Including
Postal Zip Code of Assignee) 
 the within Treasury Units Certificates and all rights thereunder, hereby irrevocably constituting and appointing
attorney, to transfer said Treasury Units Certificates on the books of Stanley Black & Decker, Inc., with full power of substitution in the premises 
  

			
	Dated:                     	  	Signature                     
		  	 NOTICE: The signature to this assignment must
 correspond with the name as it appears upon the face
 of the within Treasury Units Certificates in
every
 particular, without alteration or enlargement or
 any change whatsoever.


 Signature Guarantee:
                                         
    

  
 B-9









  
 SETTLEMENT
INSTRUCTIONS 
 The undersigned Holder directs that a certificate for shares of Convertible Preferred Stock deliverable upon
settlement on or after the Purchase Contract Settlement Date of the Purchase Contracts underlying the number of Treasury Units evidenced by this Treasury Units Certificate be registered in the name of, and delivered, together with a check in payment
for any fractional share, to the undersigned at the address indicated below unless a different name and address have been indicated below. If shares are to be registered in the name of a Person other than the undersigned, the undersigned will pay
any transfer tax payable incident thereto. 
  

			
	Dated:	  	(if assigned to another person)
		
	If shares are to be registered in the name of and delivered to a Person other than the Holder, please (i) print such	  	REGISTERED HOLDER
	Person’s name and address and (ii) provide a guarantee of your signature:	  	Please print name and address of registered Holder:
		
	  
	  	  

	Name	  	Name
		
	  
	  	  

	Address	  	Address
		
	  
	  	  

		
	  
	  	  

		
	  
	  	  

		
	 Social Security or other Taxpayer
 Identification Number, if any
	  	
		
	  
	  	
	Signature	  	

 Signature Guarantee:
                                         
        

  
 B-10









  
 ELECTION TO SETTLE
EARLY/FUNDAMENTAL CHANGE EARLY 
 SETTLEMENT 
 The undersigned Holder of this Treasury Units Certificate hereby irrevocably exercises the option to effect [Early Settlement] [Fundamental Change Early Settlement] in accordance with the terms of the
Purchase Contract and Pledge Agreement with respect to the Purchase Contracts underlying the number of Treasury Units evidenced by this Treasury Units Certificate specified below. The option to effect [Early Settlement] [Fundamental Change Early
Settlement] may be exercised only with respect to Purchase Contracts underlying Treasury Units in multiples of [20][10] Treasury Units or an integral multiple thereof. The undersigned Holder directs that a certificate for shares of Convertible
Preferred Stock deliverable upon such [Early Settlement] [Fundamental Change Early Settlement] be registered in the name of, and delivered, together with any Treasury Units Certificate representing any Treasury Units evidenced hereby as to which
[Early Settlement] [Fundamental Change Early Settlement] of the related Purchase Contracts is not effected, to the undersigned at the address indicated below unless a different name and address have been indicated below. Proceeds of the relevant Pro
Rata Portions of the Treasury Unit Collateral deliverable upon such [Early Settlement] [Fundamental Change Early Settlement] will be transferred in accordance with the transfer instructions set forth below. If shares are to be registered in the name
of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident thereto. 
  

					
	
Dated:                     

	  	Signature                     	  	

 Signature Guarantee:
                                     

Number of Units evidenced hereby as to which [Early Settlement] [Fundamental Change Early Settlement] of the related Purchase Contracts
is being elected: 
  

			
	If shares of Convertible Preferred Stock or Treasury Units Certificates are to be registered in the name of and delivered to and Proceeds of the relevant Pro Rata Portions of the
Treasury Unit Collateral are to be transferred to a Person other than the Holder, please print such Person’s name and address:	 	 REGISTERED HOLDER
  

 
 Please print name and address of registered Holder:

		
	  
	 	  

	 Name
	 	Name


  
 B-11









  

			
	  
	  	  

	Address	  	Address
		
	  
	  	  

		
	  
	  	  

		
	  
	  	  

		
	Social Security or other Taxpayer Identification Number, if any	  	
		
	  
	  	
	REGISTERED HOLDER	  	


  
 B-12









  
 Transfer Instructions
for Proceeds of the applicable Pro Rata Portions of the Treasury Unit Collateral Transferable upon [Early Settlement] [Fundamental Change Early Settlement]: 
 [TO BE ATTACHED TO GLOBAL CERTIFICATES] 
 SCHEDULE OF INCREASES OR DECREASES IN

 GLOBAL CERTIFICATE 
 The initial number of Treasury Units evidenced by this Global Certificate is 0. The following increases or decreases in this Global Certificate have been made: 

 

													
	 Date
	 	 Amount of increase in
number of
Treasury
 Units evidenced by the
Global Certificate
	 	 Amount of decrease in
number of
Treasury
 Units evidenced by the
 Global Certificate
	  	Number of Treasury
Units evidenced by
this Global Certificate
following such
decrease or increase	 	  	Signature of
authorized
signatory
of Purchase Contract
Agent	 
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			


  
 B-13









  
 EXHIBIT C

 (FORM OF FACE OF CASH SETTLED UNITS CERTIFICATE) 

[For inclusion in Global Certificate only - THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE PURCHASE CONTRACT AND
PLEDGE AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF CEDE & CO., AS NOMINEE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”), THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY. THIS CERTIFICATE IS EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AND PLEDGE AGREEMENT AND NO TRANSFER OF
THIS CERTIFICATE (OTHER THAN A TRANSFER OF THIS CERTIFICATE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN LIMITED
CIRCUMSTANCES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.] 
  

							
	No. TR–	 		  	CUSIP No. 854502 507	  	
	Number of Cash Settled Units: 0	 		  	ISIN No. US8545025079	  	


  
 C-1









  
 STANLEY
BLACK & DECKER, INC. 
 Cash Settled Units 
 This Cash Settled Units Certificate certifies that                      is the registered Holder of the
number of Cash Settled Units set forth above [For inclusion in Global Certificates only - or such other number of Cash Settled Units reflected in the Schedule of Increases or Decreases in Global Certificate attached hereto]. Each Cash Settled Unit
consists of (i) $100 in Cash, subject to the Pledge of such Cash by such Holder pursuant to the Purchase Contract and Pledge Agreement, and (ii) the rights and obligations of the Holder under one Purchase Contract with the Company.

 All capitalized terms used herein that are defined in the Purchase Contract and Pledge Agreement (as defined on the reverse
hereof) have the meaning set forth therein. 
 Pursuant to the Purchase Contract and Pledge Agreement, the Cash underlying each
Cash Settled Unit evidenced hereby have been pledged to the Collateral Agent, for the benefit of the Company, to secure the obligations of the Holder under the Purchase Contract comprising part of such Cash Settled Unit. 

The Company shall pay, on each Payment Date, in respect of each Purchase Contract forming part of a Cash Settled Unit evidenced hereby,
an amount (the “Contract Adjustment Payments”) equal to 0.50% per year of the Stated Amount. Such Contract Adjustment Payments shall be payable to the Person in whose name this Cash Settled Units Certificate is registered at
the close of business on the Record Date for such Payment Date. The Company may, at its option, defer such Contract Adjustment Payments, as described in the Purchase Contract and Pledge Agreement. The Contract Adjustment Payments are unsecured and
will rank subordinate and junior in right of payment to all of the Company’s existing and future Indebtedness. 
 Each
Purchase Contract evidenced hereby obligates the Holder of this Cash Settled Units Certificate to purchase, and the Company to sell, on the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, at a Purchase Price
equal to the Stated Amount, a number of newly issued shares of Convertible Preferred Stock of the Company, equal to the Settlement Rate, unless prior to or on the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as
applicable, there shall have occurred a Termination Event, an Early Settlement or a Fundamental Change Early Settlement with respect to such Purchase Contract, all as provided in the Purchase Contract and Pledge Agreement. The Purchase Price for the
shares of Convertible Preferred Stock purchased pursuant to each Purchase Contract evidenced hereby shall be paid on the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, by application of the Cash pledged to
secure the obligations under such Purchase Contract of the Holder of the Cash Settled Units of which such Purchase Contract is a part. 

  
 C-2









  
 Contract Adjustment
Payments will be payable at the office of the Purchase Contract Agent in New York City, except that Contract Adjustment Payments with respect to Global Certificates will be made by wire transfer of immediately available funds to the Depositary. If
the book-entry system for the Corporate Units has been terminated, the Contract Adjustment Payments will be payable, at the option of the Company, by check mailed to the address of the Person entitled thereto at such Person’s address as it
appears on the Security Register, or by wire transfer to the account designated by such Person by prior written notice to the Purchase Contract Agent, given at least ten calendar days prior to the Payment Date. 

Each Purchase Contract evidenced hereby obligates the holder to agree, for United States federal income tax purposes, to (i) treat
its acquisition of the Cash Settled Units as an acquisition of the Cash and Purchase Contracts constituting the Cash Settled Units and (ii) treat itself as the owner of the Cash. 

Reference is hereby made to the further provisions set forth on the reverse hereof, which further provisions shall for all purposes have
the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Purchase Contract Agent by manual signature, this Cash Settled Units Certificate shall not be entitled to any benefit under Purchase Contract and Pledge Agreement or be valid or obligatory for any purpose. 

IN WITNESS WHEREOF, the Company and the Holder specified above have caused this instrument to be duly executed. 

 

			
	STANLEY BLACK & DECKER, INC.
		
	By:	 	  

		 	Name:
		 	Title:


  

			
	 HOLDER SPECIFIED ABOVE (as to
obligations of such Holder under the
Purchase Contracts)

		
	By:	 	 THE BANK OF NEW YORK
 TRUST
COMPANY, NATIONAL




  
 C-3










			
	 ASSOCIATION, not

individually but solely as attorney-

in-fact of such Holder

		
	By:	 	  

		 	Name:
		 	Title:


 DATED:
                             
 CERTIFICATE OF AUTHENTICATION OF 
 PURCHASE CONTRACT AGENT 

This is one of the Cash Settled Units referred to in the within mentioned Purchase Contract and Pledge Agreement. 

 

			
	 THE BANK OF NEW YORK MELLON
TRUST COMPANY, NATIONAL
ASSOCIATION, as Purchase
Contract
Agent

		
	By:	 	  

		 	Authorized Signatory


 DATED:
                             

  
 C-4









  
 (REVERSE OF CASH
SETTLED UNITS CERTIFICATE) 
 Each Purchase Contract evidenced hereby is governed by a Purchase Contract and Pledge
Agreement, dated as of November 5, 2010 (as may be supplemented from time to time, the “Purchase Contract and Pledge Agreement”) between the Company and The Bank of New York Mellon Trust Company, National Association, as
Purchase Contract Agent (including its successors thereunder, herein called the “Purchase Contract Agent”), and HSBC Bank USA, National Association, as Collateral Agent, Custodial Agent and Securities Intermediary (including its
successors thereunder, the “Collateral Agent”), to which Purchase Contract and Pledge Agreement and supplemental agreements thereto reference is hereby made for a description of the respective rights, limitations of rights,
obligations, duties and immunities thereunder of the Purchase Contract Agent, the Collateral Agent, the Company and the Holders and of the terms upon which the Cash Settled Units Certificates are, and are to be, executed and delivered. 

Each Purchase Contract evidenced hereby obligates the Holder of this Cash Settled Units Certificate to purchase, and the Company to sell,
on the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, at a price equal to the Stated Amount, a number of newly issued shares of Convertible Preferred Stock equal to the Settlement Rate, unless an Early
Settlement, a Fundamental Change Early Settlement or a Termination Event with respect to the Unit of which such Purchase Contract is a part shall have occurred. 
 No fractional shares of Convertible Preferred Stock will be issued upon settlement of Purchase Contracts, as provided in Section 5.07 of the Purchase Contract and Pledge Agreement. 

Each Purchase Contract evidenced hereby that is settled through Early Settlement or Fundamental Change Early Settlement shall obligate
the Holder of the related Cash Settled Units to purchase at the Purchase Price and the Company to sell, a number of newly issued shares of Convertible Preferred Stock equal to the Early Settlement Rate (in the case of an Early Settlement) or
applicable Settlement Rate (in the case of a Fundamental Change Early Settlement). 
 In accordance with the terms of the
Purchase Contract and Pledge Agreement, the Holder of this Cash Settled Units Certificate shall pay the Purchase Price for the shares of the Convertible Preferred Stock to be purchased pursuant to each Purchase Contract evidenced hereby either by
effecting an Early Settlement or, if applicable, a Fundamental Change Early Settlement of each such Purchase Contract or by applying the Cash underlying such Holder’s Cash Settled Unit equal to the Purchase Price for such Purchase Contract to
the purchase of the Convertible Preferred Stock. 

  
 C-5









  
 As provided in the
Purchase Contract and Pledge Agreement, upon the occurrence of a Failed Final Remarketing or a Failed Triggered Early Remarketing, as applicable, as of the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, each
Holder of any Cash Settled Units shall be deemed to have elected to apply the Cash component of such Holder’s Cash Settled Units to satisfy such Holder’s obligation to pay the aggregate Purchase Price for the shares of Convertible
Preferred Stock to be issued under the related Purchase Contracts in full satisfaction of such Holder’s Obligations under such Purchase Contracts. 
 The Company shall not be obligated to issue any shares of Convertible Preferred Stock in respect of a Purchase Contract or deliver any certificates therefor to the Holder unless it shall have received
payment of the aggregate Purchase Price for the shares of Convertible Preferred Stock to be purchased thereunder in the manner set forth in the Purchase Contract and Pledge Agreement. 

Each Purchase Contract evidenced hereby and all obligations and rights of the Company and the Holder thereunder, shall terminate if a
Termination Event shall occur. Upon the occurrence of a Termination Event, the Company shall give written notice to the Purchase Contract Agent and the Holders, at their addresses as they appear in the Security Register. Upon and after the
occurrence of a Termination Event, the Collateral Agent shall release the Cash underlying each Cash Settled Unit from the Pledge. A Cash Settled Unit shall thereafter represent the right to receive the Cash underlying such Cash Settled Unit, in
accordance with the terms of the Purchase Contract and Pledge Agreement. 
 The Cash Settled Units Certificates are issuable
only in registered form and only in denominations of a single Cash Settled Unit and any integral multiple thereof. The transfer of any Cash Settled Units Certificate will be registered and Cash Settled Units Certificates may be exchanged as provided
in the Purchase Contract and Pledge Agreement. Except as provided in the Purchase Contract and Pledge Agreement, a Cash Settled Unit shall not be separable into its constituent parts, and the rights and obligations of the Holder of such Cash Settled
Unit in respect of the Cash and the Purchase Contract constituting such Cash Settled Unit may be transferred and exchanged only as a Cash Settled Unit. 
 Subject to and upon compliance with the provisions of the Purchase Contract and Pledge Agreement, at the option of the Holder thereof, Purchase Contracts underlying Units may be settled early by effecting
an Early Settlement or a Fundamental Change Early Settlement as provided in the Purchase Contract and Pledge Agreement. 
 Upon
registration of transfer of this Cash Settled Units Certificate, the transferee shall be bound (without the necessity of any other action on the part of such transferee, except as may be required by the Purchase Contract Agent


  
 C-6









 
pursuant to the Purchase Contract and Pledge Agreement), under the terms of the Purchase Contract and Pledge Agreement and the Purchase Contracts evidenced hereby and the transferor shall be
released from the obligations under the Purchase Contracts evidenced by this Cash Settled Units Certificate. The Company covenants and agrees, and the Holder, by its acceptance hereof, likewise covenants and agrees, to be bound by the provisions of
this paragraph. 
 The Holder of this Cash Settled Units Certificate, by its acceptance hereof, authorizes the Purchase Contract
Agent to enter into and perform the related Purchase Contracts forming part of the Cash Settled Units evidenced hereby on its behalf as its attorney-in-fact, expressly withholds any consent to the assumption (i.e., affirmance) of the Purchase
Contracts by the Company or its trustee in the event that the Company becomes the subject of a case under the Bankruptcy Code, agrees to be bound by the terms and provisions thereof, covenants and agrees to perform its obligations under such
Purchase Contracts, consents to the provisions of the Purchase Contract and Pledge Agreement, authorizes the Purchase Contract Agent to enter into and perform the Purchase Contract and Pledge Agreement on its behalf as its attorney-in-fact, and
consents to the Pledge of the Cash underlying this Cash Settled Units Certificate pursuant to the Purchase Contract and Pledge Agreement. The Holder further covenants and agrees, that, to the extent and in the manner provided in the Purchase
Contract and Pledge Agreement, but subject to the terms thereof, on the Purchase Contract Settlement Date or the triggered Early Settlement Date, as applicable, an amount of Pledged Cash equal to the aggregate Purchase Price for the related Purchase
Contracts shall be paid by the Collateral Agent to the Company in satisfaction of such Holder’s obligations under such Purchase Contracts. 
 Subject to certain exceptions, the provisions of the Purchase Contract and Pledge Agreement may be amended with the consent of the Holders of a majority of the Purchase Contracts. 

The Purchase Contracts shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect
to the conflicts of law provisions thereof to the extent a different law would govern as a result. 
 The Purchase Contracts
shall not, prior to the settlement thereof, entitle the Holder to any of the rights of a holder of shares of Convertible Preferred Stock or Common Stock. 
 Prior to due presentment of this Certificate for registration of transfer, the Company, the Purchase Contract Agent and its Affiliates and any agent of the Company or the Purchase Contract Agent may treat
the Person in whose name this Cash Settled Units Certificate is registered as the owner of the Cash Settled Units evidenced hereby for the purpose of receiving payments of Contract Adjustment Payments (subject to any applicable record date),
performance of the 

  
 C-7









 
Purchase Contracts and for all other purposes whatsoever, whether or not any payments in respect thereof be overdue and notwithstanding any notice to the contrary, and neither the Company, the
Purchase Contract Agent nor any such agent shall be affected by notice to the contrary. 
 A copy of the Purchase Contract and
Pledge Agreement is available for inspection at the offices of the Purchase Contract Agent during regular business hours. 

  
 C-8









  
 ABBREVIATIONS

 The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though
they were written out in full according to applicable laws or regulations: 
 TEN COM:     as tenants in common 

UNIF GIFT MN ACT:                     
Custodian                      

(cust)                        
         (minor) 
 Under Uniform Gifts to Minors Act of 

 

			
	TENANT:	  	    as tenants by the entireties
		
	JT TEN:	  	    as joint tenants with right of survivorship and not as tenants in common

 Additional abbreviations may also be used though not in the above list. 
 FOR VALUE RECEIVED, the
undersigned hereby sell(s), assign(s) and transfer(s) unto 
  

 
 (Please insert Social Security or
Taxpayer I.D. or other Identifying Number of Assignee) 
  
  

(Please Print or Type Name and Address Including Postal Zip Code of Assignee) 
 the within Cash Settled Units Certificates and all rights thereunder, hereby irrevocably constituting and appointing attorney, to transfer said Cash Settled Units Certificates on the books of Stanley
Black & Decker, Inc., with full power of substitution in the premises 
  

			
	Dated:                     	  	Signature                     
		  	 NOTICE: The signature to this assignment must correspond with the name as it appears upon the face

of the within Cash Settled Units Certificates in every particular, without alteration or enlargement or

any change whatsoever.



Signature Guarantee:
                                         
    

  
 C-9









  
 SETTLEMENT
INSTRUCTIONS 
 The undersigned Holder directs that a certificate for shares of Convertible Preferred Stock deliverable upon
settlement on or after the Purchase Contract Settlement Date of the Purchase Contracts underlying the number of Cash Settled Units evidenced by this Cash Settled Units Certificate be registered in the name of, and delivered, together with a check in
payment for any fractional share, to the undersigned at the address indicated below unless a different name and address have been indicated below. If shares are to be registered in the name of a Person other than the undersigned, the undersigned
will pay any transfer tax payable incident thereto. 
  

			
	Dated:	  	(if assigned to another person)
		
	If shares are to be registered in the name of and delivered to a	  	REGISTERED HOLDER
	Person other than the Holder, please (i) print such Person’s name and address and (ii) provide a guarantee of your signature:	  	Please print name and address of registered Holder:
		
	  
	  	  

	Name	  	Name
		
	  
	  	  

	Address	  	Address
		
	  
	  	  

		
	  
	  	  

		
	  
	  	  

		
	 Social Security or other Taxpayer
 Identification Number, if any
	  	
		
	  
	  	
	Signature	  	


					
	Signature Guarantee:
                                        
	  	


  
 C-10









  
 ELECTION TO SETTLE
EARLY/FUNDAMENTAL CHANGE EARLY 
 SETTLEMENT 
 The undersigned Holder of this Cash Settled Units Certificate hereby irrevocably exercises the option to effect [Early Settlement] [Fundamental Change Early Settlement] in accordance with the terms of the
Purchase Contract and Pledge Agreement with respect to the Purchase Contracts underlying the number of Cash Settled Units evidenced by this Cash Settled Units Certificate specified below. The option to effect [Early Settlement] [Fundamental Change
Early Settlement] may be exercised only with respect to Purchase Contracts underlying Cash Settled Units in multiples of [20][10] Cash Settled Units or an integral multiple thereof. The undersigned Holder directs that a certificate for shares of
Convertible Preferred Stock deliverable upon such [Early Settlement] [Fundamental Change Early Settlement] be registered in the name of, and delivered, together with any Cash Settled Units Certificate representing any Cash Settled Units evidenced
hereby as to which [Early Settlement] [Fundamental Change Early Settlement] of the related Purchase Contracts is not effected, to the undersigned at the address indicated below unless a different name and address have been indicated below. Pledged
Cash deliverable upon such [Early Settlement] [Fundamental Change Early Settlement] will be transferred in accordance with the transfer instructions set forth below. If shares are to be registered in the name of a Person other than the undersigned,
the undersigned will pay any transfer tax payable incident thereto. 
  

			
	Dated:                     	  	Signature                     


Signature Guarantee:
                             
 Number of Units evidenced hereby as to which [Early Settlement] [Fundamental Change Early Settlement] of the related Purchase Contracts is being elected: 

 

			
	If shares of Convertible Preferred Stock or Cash Settled Units Certificates are to be registered in the name of and delivered to and Pledged Cash is to be transferred to a Person
other than the Holder, please print such Person’s name and address:	 	 REGISTERED HOLDER
  

Please print name and address of registered Holder:

		
	  
	 	  

	Name	 	Name


  
 C-11









  

			
	  
	 	  

	Address	 	Address
		
	  
	 	  

		
	  
	 	  

		
	  
	 	  


 Social Security or other Taxpayer 
 Identification Number, if any 

 

	
	  

	REGISTERED HOLDER

 Transfer Instructions for
Pledged Cash Transferable upon [Early Settlement] [Fundamental Change Early Settlement]: 

  
 C-12









  
 [TO BE ATTACHED TO
GLOBAL CERTIFICATES] 
 SCHEDULE OF INCREASES OR DECREASES IN 

GLOBAL CERTIFICATE 
 The initial number of Cash Settled Units evidenced by this Global Certificate is 0. The following increases or decreases in this Global Certificate have been made: 

 

									
	     Date    
	 	 Amount of increase in

number of Cash
 Settled Units
 evidenced by the

Global Certificate
	 	 Amount of decrease in

number of Cash
 Settled Units
 evidenced by the

Global Certificate
	  	Number of Cash
Settled Units
evidenced by this
Global Certificate
following such
decrease
or increase	  	Signature of
authorized
signatory
of Purchase Contract
Agent
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	


  
 C-13









  
 EXHIBIT D

 INSTRUCTION TO PURCHASE CONTRACT AGENT FROM HOLDER 

(To Create Treasury Units or Corporate Units) 
 The Bank of New York Mellon Trust Company, National Association, 
 as Purchase Contract Agent

 [Address] 
  

	Re:	[             Corporate Units]
[             Treasury Units] of Stanley Black & Decker, Inc., a Connecticut corporation (the “Company”). 


The undersigned Holder hereby notifies you that it has delivered to HSBC Bank USA, National Association, as Securities Intermediary, for
credit to the Collateral Account, $             [Value of Notes] [Cash] in exchange for [proceeds of the Pro Rata Portions of the Treasury Unit Collateral corresponding to
        Treasury Units (the “Treasury Unit Proceeds”)] [an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes] held in the Collateral Account, in accordance
with the Purchase Contract and Pledge Agreement, dated as of November 5, 2010 (the “Agreement”; unless otherwise defined herein, terms defined in the Agreement are used herein as defined therein), among you, the Company, the
Collateral Agent, the Custodial Agent and the Securities Intermediary. The undersigned Holder has paid all applicable fees and expenses relating to such exchange. The undersigned Holder hereby instructs you to instruct the Collateral Agent to
release to you on behalf of the undersigned Holder the [Notes underlying Pledged Applicable Ownership Interests in Notes] [Treasury Unit Proceeds] related to such [Corporate Units] [Treasury Units]. 

 

									
	Dated:                     	    	Signature:	  	  
	  	

  

					
	Signature Guarantee:	 	  
	  	

  

			
	Please print name and address of registered Holder:	  	
		
	  
	  	  

	Name	  	Social Security or other Taxpayer Identification Number, if any
		
	Address	  	
		
	  
	  	


  
 D-1









  
 EXHIBIT E

 INSTRUCTION TO PURCHASE CONTRACT AGENT FROM HOLDER 

(To Create Cash Settled Units) 

The Bank of New York Mellon Trust Company, National Association, 
 as Purchase Contract Agent 
 [Address] 
 Re:             Cash Settled Units of Stanley Black & Decker, Inc., a Connecticut corporation (the “Company”).

 The undersigned Holder hereby notifies you that it has delivered to HSBC Bank USA, National Association, as Securities
Intermediary, for credit to the Collateral Account, $             in exchange for an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes held in the
Collateral Account, in accordance with the Purchase Contract and Pledge Agreement, dated as of November 5, 2010 (the “Agreement”; unless otherwise defined herein, terms defined in the Agreement are used herein as defined
therein), among you, the Company, the Collateral Agent, the Custodial Agent and the Securities Intermediary. The undersigned Holder has paid all applicable fees and expenses relating to such exchange. The undersigned Holder hereby instructs you to
instruct the Collateral Agent to release to you on behalf of the undersigned Holder the Notes underlying Pledged Applicable Ownership Interests in Notes related to such Corporate Units. 

 

			
	Dated:                     	  	Signature:
                            

 Signature Guarantee: 
 Please print name and address of 

registered Holder: 
  

			
	  
	 	  

	Name	 	Social Security or other Taxpayer Identification Number, if any

 Address 

	
	  

	
	  

	
	  



  
 E-1









  
 EXHIBIT F

 NOTICE FROM PURCHASE CONTRACT AGENT 
 TO HOLDERS UPON TERMINATION EVENT 
 (Transfer of Collateral upon Occurrence
of a Termination Event) 
 [HOLDER] 

Attention: 
 Telecopy: 

Re: [            Corporate Units]
[            Treasury Units] [            Cash Settled Units] of Stanley Black & Decker, Inc., a Connecticut corporation
(the “Company”) 
 Please refer to the Purchase Contract and Pledge Agreement, dated as of November 5,
2010 (the “Purchase Contract and Pledge Agreement”; unless otherwise defined herein, terms defined in the Purchase Contract and Pledge Agreement are used herein as defined therein), among the Company, the undersigned, as Purchase
Contract Agent and as attorney-in-fact for the holders of Corporate Units and Treasury Units from time to time, and HSBC Bank USA, National Association, as the Collateral Agent, the Custodial Agent and the Securities Intermediary. 

We hereby notify you that a Termination Event has occurred and that [the Notes underlying the Pledged Applicable Ownership Interests in
Notes] [the Pledged Applicable Ownership Interests in the Treasury Portfolio] [the Proceeds of the Treasury Unit Collateral] [Pledged Cash] comprising a portion of your ownership interest
in                     [Corporate Units] [Treasury Units] [Cash Settled Units] have been released and are being held by us for your account pending
receipt of transfer instructions with respect to such [Notes] [Pledged Applicable Ownership Interests in the Treasury Portfolio] [Proceeds of the Treasury Unit Collateral] [Pledged Cash] (the “Released Securities”). 

Pursuant to Section 3.16 of the Purchase Contract and Pledge Agreement, we hereby request written transfer instructions with respect
to the Released Securities. Upon receipt of your instructions and upon transfer to us of your [Corporate Units] [Treasury Units] [Cash Settled Units] effected through book-entry or by delivery to us of your [Corporate Units Certificate] [Treasury
Units Certificate] [Cash Settled Units Certificate], we shall transfer the Released Securities by [book-entry transfer] [wire transfer] or other appropriate procedures, in accordance with your instructions. In the event you fail to effect such
transfer or delivery, the Released Securities and any distributions thereon, shall be held in our name, or a nominee in trust for your benefit, until such time as such 

  
 F-1









 
[Corporate Units] [Treasury Units] [Cash Settled Units] are transferred or your [Corporate Units Certificate] [Treasury Units Certificate] [Cash Settled Units Certificate] is surrendered or
satisfactory evidence is provided that such [Corporate Units Certificate] [Treasury Units Certificate] [Cash Settled Units Certificate] has been destroyed, lost or stolen, together with any indemnification that we or the Company may require.

  

							
	Date:	 	  
	 		 	THE BANK OF NEW YORK MELLON
		 		 		 	TRUST COMPANY, NATIONAL
		 		 		 	ASSOCIATION, as Purchase Contract
		 		 		 	Agent
				
		 		 		 	  

		 		 		 	Name
		 		 		 	Title
		 		 		 	Authorized Signatory


  
 F-2









  
 EXHIBIT G

 INSTRUCTION 
 FROM PURCHASE CONTRACT AGENT 
 TO COLLATERAL AGENT 

(Creation of Treasury Units) 

HSBC Bank USA, National Association, 
 as
Collateral Agent 
 10 East 40th Street 

New York, NY 10016-2706 
 Attention: Ignazio
Tamburello 
 Fax: (212) 525-1300 

Re: Corporate Units of Stanley Black & Decker, Inc. (the “Company”) 

Please refer to the Purchase Contract and Pledge Agreement, dated as of November 5, 2010 (the “Agreement”), among
the Company, you, as Collateral Agent, as Securities Intermediary and as Custodial Agent, and the undersigned, as Purchase Contract Agent and as attorney-in-fact for the holders of Corporate Units from time to time. Capitalized terms used herein but
not defined shall have the meaning set forth in the Agreement. 
 We hereby notify you in accordance with Section 3.13 of
the Agreement that the holder of securities named below (the “Holder”) has elected to substitute $[        ] of Cash in exchange for an equal Value of Notes underlying Pledged Applicable
Ownership Interests in Notes relating to Corporate Units and has delivered to the undersigned a notice stating that the Holder has Transferred such Cash to the Securities Intermediary, for credit to the Collateral Account. 

We hereby request that you instruct the Securities Intermediary, upon confirmation that such Cash has been credited to the Collateral
Account, to release to the undersigned an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes or security entitlements with respect thereto related to
                     Corporate Units of such Holder in accordance with Section 3.13 of the Agreement. 

  
 G-1









  

									
	Date:	 	 	 		 		 	The Bank of New York Mellon Trust Company,
		 		 		 		 	National Association, as Purchase Contract Agent and as attorney-in-fact of the Holders from time to time of the Units
					
		 		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
		 		 		 		 	Authorized Signatory

 Please print name
and address of Holder electing to substitute Cash for the Notes underlying Pledged Applicable Ownership Interests in Notes: 
 Please print name
and address of 
 registered Holder: 
  

							
	Name:	  				  	Social Security or other Taxpayer
	 	  				  	Identification Number, if any
			
	Address	  				  	
	 		
		  				  	
	 		
		  				  	
	 	  				  	


  
 G-2









  
 EXHIBIT H

 INSTRUCTION 
 FROM COLLATERAL AGENT 
 TO SECURITIES INTERMEDIARY 

(Creation of Treasury Units) 

HSBC Bank USA, National Association, 
 as
Securities Intermediary 
 10 East 40th Street 
 New York, NY 10016-2706 
 Attention: Ignazio Tamburello 

Fax: (212) 525-1300 
 Re: Corporate Units
of Stanley Black & Decker, Inc. (the “Company”) 
 This notice relates to the securities account of
HSBC Bank USA, National Association, as Collateral Agent, maintained by the Securities Intermediary and designated “HSBC Bank USA, National Association, as Collateral Agent of Stanley Black & Decker, Inc., as pledgee of The Bank of New
York Mellon Trust Company, National Association, as the Purchase Contract Agent on behalf of and as attorney-in-fact for the Holders” (the “Collateral Account”). 

Please refer to the Purchase Contract and Pledge Agreement, dated as of November 5, 2010 (the “Agreement”), among
the Company, you, as Collateral Agent, as Securities Intermediary and as Custodial Agent, and The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent and as attorney-in-fact for the holders of Corporate Units from
time to time. Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement. 
 When you have
confirmed that $         of Cash has been credited to the Collateral Account by or for the benefit of
                    , as Holder of Corporate Units (the “Holder”), you are hereby instructed to release from the Collateral Account
an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes or security entitlements with respect thereto relating to
                     Corporate Units of the Holder by Transfer to the Purchase Contract Agent. 

  
 H-1









  

									
	 Date:
	 	 	 		 		 	HSBC Bank USA, National Association,
		 		 		 		 	as Collateral Agent
					
		 		 		 		 	 
					
		 		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
		 		 		 		 	Authorized Signatory


  
 H-2









  
 EXHIBIT I

 INSTRUCTION 
 FROM PURCHASE CONTRACT AGENT 
 TO COLLATERAL AGENT 

(Creation of Cash Settled Units) 

HSBC Bank USA, National Association, 
 as
Collateral Agent 
 10 East 40th Street 

New York, NY 10016-2706 
 Attention: Ignazio
Tamburello 
 Fax: (212) 525-1300 

Re: Corporate Units of Stanley Black & Decker, Inc. (the “Company”) 

Please refer to the Purchase Contract and Pledge Agreement, dated as of November 5, 2010 (the “Agreement”), among
the Company, you, as Collateral Agent, as Securities Intermediary and as Custodial Agent, and the undersigned, as Purchase Contract Agent and as attorney-in-fact for the holders of Corporate Units from time to time. Capitalized terms used herein but
not defined shall have the meaning set forth in the Agreement. 
 We hereby notify you in accordance with Section 3.13 of
the Agreement that the holder of securities named below (the “Holder”) has elected to substitute $[        ] of Cash in exchange for an equal Value of Notes underlying Pledged Applicable
Ownership Interests in Notes relating to Corporate Units and has delivered to the undersigned a notice stating that the Holder has Transferred such Cash to the Securities Intermediary, for credit to the Collateral Account. 

We hereby request that you instruct the Securities Intermediary, upon confirmation that such Cash has been credited to the Collateral
Account, to release to the undersigned an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes or security entitlements with respect thereto related to
                     Corporate Units of such Holder in accordance with Section 3.13 of the Agreement. 

  
 I-1









  

							
	Date:	 	_____________________________________________	 	The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent and as attorney-in-fact of the Holders from time to time of the
Units
		 		 		 
		 		 		 
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
		 		 		 	Authorized Signatory

 Please print name
and address of Holder electing to substitute Cash for the Notes underlying Pledged Applicable Ownership Interests in Notes: 
  

			
	 Please print name and address of

registered Holder:
	 	
	  
	 	  

	 Name:
	 	 Social Security or other Taxpayer
 Identification Number, if any

	 Address
	 	
	  
	 	
	  
	 	


  
 I-2









  
 EXHIBIT J

 INSTRUCTION 
 FROM COLLATERAL AGENT 
 TO SECURITIES INTERMEDIARY 

(Creation of Cash Settled Units) 

HSBC Bank USA, National Association, 
 as
Securities Intermediary 
 10 East 40th Street 
 New York, NY 10016-2706 
 Attention: Ignazio Tamburello 

Fax: (212) 525-1300 
 Re: Corporate Units
of Stanley Black & Decker, Inc. (the “Company”) 
 This notice relates to the securities account of
HSBC Bank USA, National Association, as Collateral Agent, maintained by the Securities Intermediary and designated “HSBC Bank USA, National Association, as Collateral Agent of Stanley Black & Decker, Inc., as pledgee of The Bank of New
York Mellon Trust Company, National Association, as the Purchase Contract Agent on behalf of and as attorney-in-fact for the Holders” (the “Collateral Account”). 

Please refer to the Purchase Contract and Pledge Agreement, dated as of November 5, 2010 (the “Agreement”), among
the Company, you, as Collateral Agent, as Securities Intermediary and as Custodial Agent, and The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent and as attorney-in-fact for the holders of Corporate Units from
time to time. Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement. 
 When you have
confirmed that $         of Cash has been credited to the Collateral Account by or for the benefit of
                    , as Holder of Corporate Units (the “Holder”), you are hereby instructed to release from the Collateral Account
an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes or security entitlements with respect thereto relating to
                     Corporate Units of the Holder by Transfer to the Purchase Contract Agent. 

  
 J-1









  

							
	 Date: 
	 	  
	 		 	 HSBC Bank USA, National Association,
 as Collateral Agent

		 		 		 	  

				
		 		 		 	  

		 		 	 By:
	 	  Name:
		 		 		 	  Title:
		 		 		 	  Authorized Signatory


  
 J-2









  
 EXHIBIT K

 INSTRUCTION 
 FROM PURCHASE CONTRACT AGENT 
 TO COLLATERAL AGENT 

(Recreation of Corporate Units) 

HSBC Bank USA, National Association, 
 as
Collateral Agent 
 10 East 40th Street 

New York, NY 10016-2706 
 Attention: Ignazio
Tamburello 
 Fax: (212) 525-1300 
  

	Re:	Treasury Units of Stanley Black & Decker, Inc. (the “Company”) 


Please refer to the Purchase Contract and Pledge Agreement dated as of November 5, 2010 (the “Agreement”), among
the Company, you, as Collateral Agent, as Securities Intermediary and as Custodial Agent, and the undersigned, as Purchase Contract Agent and as attorney-in-fact for the holders of Treasury Units from time to time. Capitalized terms used herein but
not defined shall have the meaning set forth in the Agreement. 
 We hereby notify you in accordance with Section 3.15 of
the Agreement that the holder of securities named below (the “Holder”) has elected to substitute $[—] Value of Notes or security entitlements with respect thereto in exchange for the
proceeds of the Pro Rata Portions of the Treasury Unit Collateral relating to [—] Treasury Units and has delivered to the undersigned a notice stating that the holder has Transferred such Notes or
security entitlements with respect thereto to the Securities Intermediary, for credit to the Collateral Account. 
 We hereby
request that you instruct the Securities Intermediary, upon confirmation that such Notes or security entitlements with respect thereto have been credited to the Collateral Account, to release to the undersigned the proceeds of the Pro Rata Portions
of the Treasury Unit Collateral related to [—] Treasury Units of such Holder in accordance with Section 3.15 of the Agreement. 

 

							
	Date:	 	  
	 		  	 The Bank of New York Mellon Trust
 Company, National Association, as
 Purchase Contract Agent

		 		 		  
		 		 		  
				
		 		 		  	  

		 		 		  	Name:
		 		 		  	Title:
		 		 		  	Authorized Signatory


  
 K-1









  

			
	 Please print name and address of registered Holder:
	  	
		
	  
	  	  

	 Name:
	  	Social Security or other Taxpayer Identification Number, if any
		
	 Address
	  	
		
	  
	  	
		
	  
	  	


  
 K-2









  
 EXHIBIT L

 INSTRUCTION 
 FROM COLLATERAL AGENT 
 TO SECURITIES INTERMEDIARY 

(Recreation of Corporate Units) 

HSBC Bank USA, National Association, 
 as
Securities Intermediary 
 10 East 40th Street 
 New York, NY 10016-2706 
 Attention: Ignazio Tamburello 

Fax: (212) 525-1300 
  

	Re:	Treasury Units of Stanley Black & Decker, Inc. (the “Company”) 

 This notice relates to the securities account of HSBC Bank USA, National Association, as Collateral Agent, maintained by the Securities Intermediary and designated “HSBC Bank USA, National
Association, as Collateral Agent of Stanley Black & Decker, Inc., as pledgee of The Bank of New York Mellon Trust Company, National Association, as the Purchase Contract Agent on behalf of and as attorney-in-fact for the Holders” (the
“Collateral Account”). 
 Please refer to the Purchase Contract and Pledge Agreement dated as of November 5, 2010 (the
“Agreement”), among the Company, you, as Securities Intermediary, Custodial Agent and Collateral Agent, and The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent and as attorney-in-fact for the
holders of Treasury Units from time to time. Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement. 

When you have confirmed that $[—] Value of Notes or security entitlements with respect thereto has been
credited to the Collateral Account by or for the benefit of [—], as Holder of Treasury Units (the “Holder”), you are hereby instructed to release from the Collateral Account the
Proceeds of the Pro Rata Portions of the Treasury Unit Collateral corresponding to [—] Treasury Units by Transfer to the Purchase Contract Agent. 

  
 L-1









  

									
	Date:	 	  
	 		 	 HSBC Bank USA, National Association, as
 Collateral Agent

				
		 		 		 	  

					
		 		 		 	By:	 	  

		 		 		 	Name:	 	
		 		 		 	Title:	 	
		 		 		 	Authorized Signatory


  
 L-2









  
 EXHIBIT M

 INSTRUCTION FROM HOLDER OF SEPARATE NOTES TO 

CUSTODIAL AGENT REGARDING REMARKETING 
 HSBC Bank USA, National Association, 
 as Custodial Agent 

10 East 40th Street 
 New York, NY 10016-2706

 Attention: Ignazio Tamburello 
 Fax:
(212) 525-1300 
  

	Re:	Notes of Stanley Black & Decker, Inc. (the “Company”) 

 The undersigned Holder hereby notifies you in accordance with Section 5.02(f) of the Purchase Contract and Pledge Agreement, dated as of November 5, 2010 (the “Agreement”),
among the Company, you, as Collateral Agent, Custodial Agent and Securities Intermediary, and The Bank of New York Mellon Trust Company, National Association, as the Purchase Contract Agent and as attorney-in-fact for the holders of Corporate Units,
Treasury Units and Cash Settled Units from time to time, that the undersigned elects to deliver $[—] aggregate principal amount of Separate Notes for delivery to a Remarketing Agent prior to a
Remarketing, other than during a Blackout Period, for remarketing pursuant to Section 5.02(f) of the Agreement. The undersigned will, upon request of a Remarketing Agent, execute and deliver any additional documents deemed by such Remarketing
Agent or by the Company to be necessary or desirable to complete the sale, assignment and transfer of the Separate Notes tendered hereby. Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement. 

The undersigned hereby instructs you, upon receipt of the Proceeds of a Successful Remarketing from the Remarketing Agent, to deliver
such Proceeds to the undersigned in accordance with the instructions indicated herein under “A. Payment Instructions.” The undersigned hereby instructs you, in the event of a Failed Remarketing, upon receipt of the Separate Notes
tendered herewith from the Remarketing Agents, to deliver such Separate Notes to the person(s) and the address(es) indicated herein under “B. Delivery Instructions.” 

With this notice, the undersigned hereby (i) represents and warrants that the undersigned has full power and authority to tender,
sell, assign and transfer the Separate Notes tendered hereby and that the undersigned is the record owner of any Separate Notes tendered herewith in physical form or a participant in The Depository Trust Company (“DTC”) and the
beneficial owner of any Separate 

  
 M-1









 
Notes tendered herewith by book-entry transfer to your account at DTC, (ii) agrees to be bound by the terms and conditions of Section 5.02 of the Agreement and (iii) acknowledges
and agrees that after 5:00 p.m. (New York City time) on the second Business Day immediately preceding the first day of the Applicable Remarketing Period, such election shall become an irrevocable election to have such Separate Notes remarketed in
each Remarketing during the Applicable Remarketing Period, and that the Separate Notes tendered herewith will only be returned in the event of a Failed Remarketing. 
  

															
	Date:	  	 	  		 		 		  		    		    	
						
		  		  		 	By:	 	  
	    	
		  		  		 	Name:	 		  		    		    	
		  		  		 	Title:	 		  		    		    	
						
		  		  		 	Signature Guarantee:	    	  
	    	
		  		  		 		 		  		    	  
	    	
		  		  		 		 		  		    	  
	    	
				
	 	  		 	 	    	
	Name:	  		 	 Social Security or other Taxpayer Identification
 Number, if any
	    	
							
	 	  		 		 		  		    		    	
							
	Address	  		 		 		  		    		    	
	 						
	 	  		 		 		  		    		    	
							
	 	  		 		 		  		    		    	


  
 M-2









  

	A.	PAYMENT INSTRUCTIONS 

 Proceeds
of a Successful Remarketing should be paid by check in the name of the person(s) set forth below and mailed to the address set forth below. 

Name(s) 
 (Please Print) 

Address 
 (Please Print) 

(Zip Code) 
 (Tax Identification or Social
Security Number) 
  

	B.	DELIVERY INSTRUCTIONS 

 In the
event of a Failed Remarketing, Notes which are in physical form should be delivered to the person(s) set forth below and mailed to the address set forth below. 
 Name(s) 
 (Please Print) 
 Address 
 (Please Print) 
 (Zip Code) 
 (Tax Identification or Social Security Number) 

In the event of a Failed Remarketing, Notes which are in book-entry form should be credited to the account at The Depository Trust
Company set forth below. 
 DTC Account Number 
 Name of Account Party: 

  
 M-3









  
 EXHIBIT N

 INSTRUCTION FROM HOLDER OF SEPARATE 
 NOTES TO CUSTODIAL AGENT 
 REGARDING WITHDRAWAL FROM REMARKETING

 HSBC Bank USA, National Association, 
 as Custodial Agent 
 10 East 40th Street 
 New York, NY 10016-2706 
 Attention: Ignazio Tamburello 

Fax: (212) 525-1300 
 Re: Notes, of Stanley
Black & Decker, Inc. (the “Company”) 
 The undersigned Holder hereby notifies you in accordance with
Section 5.02(f) of the Purchase Contract and Pledge Agreement, dated as of November 5, 2010 (the “Agreement”), among the Company and you, as Collateral Agent, Custodial Agent and Securities Intermediary, and The Bank of
New York Mellon Trust Company, National Association, as Purchase Contract Agent and as attorney-in-fact for the holders of Corporate Units, Treasury Units and Cash Settled Units from time to time, that the undersigned elects to withdraw the $[—] aggregate principal amount of Separate Notes delivered to you for Remarketing pursuant to Section 5.02 of the Agreement. The undersigned hereby instructs you to return such Separate Notes to the
undersigned in accordance with the undersigned’s instructions. With this notice, the Undersigned hereby agrees to be bound by the terms and conditions of Section 5.02 of the Agreement. Capitalized terms used herein but not defined shall
have the meaning set forth in the Agreement. 
  

															
	Date:	  	 	  		 		 		  		    		    	
						
		  		  		 	By:	 	  
	    	
		  		  		 	Name:	 		  		    		    	
		  		  		 	Title:	 		  		    		    	
						
		  		  		 	Signature Guarantee:	    	  
	    	
		  		  		 		 		  		    	  
	    	
		  		  		 		 		  		    	  
	    	
				
	 	  		 	 	    	
	Name:	  		 	 Social Security or other Taxpayer Identification
 Number, if any
	    	
							
	 	  		 		 		  		    		    	
							
	Address	  		 		 		  		    		    	
	 						
	 	  		 		 		  		    		    	
							
	 	  		 		 		  		    		    	


  
 N-1