# EDGAR Filing Document

**Accession Number:** 0002078008
**File Stem:** 0001193125-26-138219
**Filing Date:** 2026-4
**Character Count:** 2355247
**Document Hash:** eb125bca4c3804e8eee1092cee8c80b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-138219.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0001193125-26-138219

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 21

**CONFORMED PERIOD OF REPORT**: 20260326

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Material Modifications to Rights of Security Holders

**ITEM INFORMATION**: Changes in Control of Registrant

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Versigent PLC
- **CENTRAL INDEX KEY:** 0002078008
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLE PARTS & ACCESSORIES [3714]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 981868085
- **STATE OF INCORPORATION:** Y9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42957
- **FILM NUMBER:** 26829464

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SPITALSTRASSE 5
- **CITY:** SCHAFFHAUSEN
- **PROVINCE COUNTRY:** V8
- **ZIP:** 8200
- **BUSINESS PHONE:** 248-285-1238

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 13 CASTLE STREET
- **CITY:** ST. HELIER
- **PROVINCE COUNTRY:** Y9
- **ZIP:** JE1 1 ES

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Versigent Ltd
- **DATE OF NAME CHANGE:** 20260203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cyprium Holdings Ltd
- **DATE OF NAME CHANGE:** 20250721

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of report (Date of earliest event reported): March 26, 2026

## VERSIGENT PLC

#### (Exact Name of Registrant as Specified in its Charter)

---

| | | |
|:---|:---|:---|
| **Jersey** | **001-42957** | **98-1868085** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission<br>File Number)** | **(I.R.S. Employer<br>Identification No.)** |

---

#### Spitalstrasse 5, 8200 Schaffhausen, Switzerland

#### (Address of principal executive office)

#### +41 52 580 96 00

#### (Registrant's telephone number, including area code)

#### Versigent Limited

#### (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| Ordinary shares, par value $0.01 per share | VGNT | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

#### Item 1.01 Entry into a Material Definitive Agreement.
On April 1, 2026 (the "Distribution Date"), Aptiv PLC ("Aptiv") completed the previously announced distribution of all of the ordinary shares of Versigent Limited ("Versigent," the "Company," "we," "us," or "our") to holders of Aptiv's ordinary shares on a pro rata basis (the "Spin-Off"). Each holder of record of Aptiv ordinary shares received one of our ordinary shares for every three Aptiv ordinary shares held on March 17, 2026 (the "Record Date").

Prior to the Distribution Date, in connection with the Spin-Off, the Company entered into several agreements with Aptiv that set forth the principal actions taken or to be taken in connection with the Spin-Off and that govern the relationship between us and Aptiv following the Spin-Off, including the following agreements (collectively, the "Spin Agreements"):

• a Separation and Distribution Agreement;

• a Transition Services Agreement;

• a Tax Matters Agreement; and

• an Employee Matters Agreement.

A summary of certain material terms of each of the Spin Agreements can be found in the section entitled "Certain Relationships and Related Person Transactions—Agreements with Aptiv" in the Information Statement attached as Exhibit 99.1 to Versigent's Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC") on March 12, 2026 (the "Information Statement"), and is incorporated herein by reference. The summary is qualified in its entirety by reference to the Separation and Distribution Agreement, the Transition Services Agreement, the Tax Matters Agreement and the Employee Matters Agreement, which are filed as Exhibits 2.1, 10.1, 10.2 and 10.3, respectively, to this Current Report on Form 8-K, and are incorporated herein by reference.

#### Item 2.01 Completion of Acquisition or Disposition of Assets.
On the Distribution Date, Aptiv completed the Spin-Off. The description of the Spin-Off and Distribution included in Item 1.01 is incorporated herein by reference into this Item 2.01. In connection with and prior to the Spin-Off and Distribution, Aptiv transferred its Electrical Distribution Systems segment to the Company. The Company's combined audited financial statements included in the Information Statement are incorporated by reference herein.

#### Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
As previously announced, on November 26, 2025, the Company and its wholly-owned subsidiaries Cyprium Corporation ("Cyprium U.S.") and Cyprium Holdings Luxembourg S.À.R.L. ("Cyprium Luxembourg"), entered into a credit agreement (the "Initial Credit Agreement"), which was subsequently amended on March 25, 2026, pursuant to an amendment (the "Amendment" the Initial Credit Agreement, as amended by the Amendment, the "Credit Agreement") with the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent (the "Administrative Agent") and domestic collateral agent (the "Domestic Collateral Agent") and Wilmington Trust, National Association, as foreign collateral agent (the "Foreign Collateral Agent"), with respect to $1.35 billion in senior secured credit facilities. The Credit Agreement consists of a senior secured five-year $500 million term loan facility (the "Term Loan A Facility") and a five-year $850 million senior secured revolving credit facility (the "Revolving Credit Facility") (collectively, the "Credit Facilities"). In connection with the completion of the Spin-Off, the Term Loan A Facility was fully drawn on March 27, 2026.

The foregoing description is qualified in its entirety by reference to the Credit Agreement, attached as Exhibit 10.4 to the Company's Registration Statement on Form 10, initially filed with the SEC on November 14, 2025, as amended, and declared effective on March 12, 2026.

As previously announced, on March 18, 2026, Cyprium U.S. and Cyprium Luxembourg (the "Co-Issuers") issued $800 million aggregate principal amount of 6.125% senior unsecured notes due 2031 (the "2031 Notes") and $800 million aggregate principal amount of 6.375% senior unsecured notes due 2034 (the "2034 Notes" and, together with the 2031 Notes, the "Senior Notes"), pursuant to an Indenture, dated March 18, 2026 (the "Indenture"), between the Co-Issuers and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"). Interest on the Senior Notes is payable semi-annually on April 15 and October 15 of each year. The proceeds received from the Senior Notes offering were deposited into escrow. In connection with the completion of the Spin-Off, on March 30, 2026, certain of the Company's subsidiaries that guarantee the Credit Facilities (the "Guarantors") and the Trustee entered into a supplemental indenture (the "Supplemental Indenture"), which amended and supplemented the Indenture to add the Guarantors as guarantors of the Senior Notes, and the proceeds were released from escrow. The Co-Issuers used proceeds of the offering, together with proceeds from borrowings under the Credit Facilities, to pay a dividend to Aptiv in connection with the Spin-Off.

------

The foregoing description is qualified in its entirety by reference to the Indenture, which is filed as Exhibit 4.1 to this Current Report on Form 8-K, and the Supplemental Indenture, which is filed as Exhibit 4.2 to this Current Report on Form 8-K, and are each incorporated herein by reference.

#### Item 3.02. Unregistered Sales of Equity Securities.
On March 26, 2026, in connection with the Spin-Off, the Company issued 70,892,660 ordinary shares to Aptiv in consideration for the transfer of certain entities that are part of Aptiv's Electrical Distribution Systems segment. After this issuance, Aptiv held 70,893,660 ordinary shares of the Company. The ordinary shares issued to Aptiv were issued in reliance upon an exemption from registration pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended, which exempts transactions by an issuer not involving any public offering. The offering was not a "public offering" because only one person was involved in the transaction, neither the Company nor Aptiv has engaged in general solicitation or advertising with regard to the issuance and sale of the ordinary shares, and neither the Company nor Aptiv has offered securities to the public in connection with such issuance and sale of the ordinary shares.

#### Item 3.03. Material Modification to Rights of Security Holders.
The information set forth under Item 5.03 below is incorporated into this Item 3.03 by reference.

#### Item 5.01. Changes in Control of Registrant.
The information set forth under Item 1.01 above is incorporated into this Item 5.01 by reference.

#### Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

#### Resignation of Directors
On April 1, 2026, effective upon the Spin-Off, Katherine H. Ramundo and Timothy C. Seitz (collectively, the "Resigning Directors") resigned from the Board of Directors (the "Board") of the Company. The Resigning Directors' resignation from the Board was not due to any disagreement with the Company relating to the operations, practices or policies of the Company.

#### Appointment of Directors
On March 30, 2026, the Board appointed each of Mr. Joseph T. Liotine, Ms. Amy Alving, Mr. Brad Cerepak, Mr. Armando Tamez, Mr. Eric Kueppers and Mr. Kevin Clark as a director of the Board, increasing the size of the Board from three to seven directors, in each case effective immediately prior to the Spin-Off. Mr. Paul Meister, who had been elected to the Board effective March 27, 2026, will continue to serve as a director of the Company following the Spin-Off and on March 30, 2026, was appointed as non-executive Chair of the Board, effective immediately prior to the Spin-Off.

Also, effective immediately prior to the Spin-Off, the persons set forth below assumed positions as members of the Audit Committee of the Board, the Compensation and Human Resources Committee of the Board, and the Nominating and Governance Committee of the Board, in each case as mentioned next to such person's name.

---

| | | |
|:---|:---|:---|
| **Name** | **Age** | **Committee Appointment** |
| Paul Meister | 73 | Nominating and Governance Committee (Chair) and Compensation and Human Resources Committee |
| Amy Alving | 63 | Nominating and Governance Committee and Compensation and Human Resources Committee (Chair) |
| Brad Cerepak | 67 | Audit Committee (Chair) |
| Armando Tamez | 70 | Nominating and Governance Committee and Audit Committee |
| Eric Kueppers | 62 | Audit Committee and Compensation and Human Resources Committee |

---

------

The Information Statement under the sections entitled "Management" contains the ages and biographical information about the directors of the Company. Such information is incorporated herein by reference. There are no arrangements or understandings between any of the directors named above and any other person pursuant to which such director was appointed to the Board. There are no other relationships between the directors named above and the Company that would require disclosure pursuant to Item 404(a) of Regulation S-K.

The Board has determined that (i) each of Mr. Meister, Ms. Alving, Mr. Cerepak, Mr. Tamez and Mr. Kueppers qualifies as an independent director under the director independence standards set forth in the rules and regulations of the SEC and the applicable listing standards of the New York Stock Exchange ("NYSE"), (ii) each of Mr. Cerepak, Mr. Kueppers and Mr. Tamez is financially literate and each of Mr. Cerepak, Mr. Kueppers and Mr. Tamez qualifies as an "audit committee financial expert" under the rules and regulations of the SEC and the applicable listing standards of the NYSE as well as the heightened independence standards for Audit Committee members set forth in the rules and regulations of the SEC and applicable listing standards of the NYSE, and (iii) each of Ms. Alving, Mr. Kueppers and Mr. Meister satisfy the heightened independence standards for Compensation Committee members set forth in the rules and regulations of the SEC and the applicable listing standards of the NYSE.

#### Non-Employee Director Compensation
Each of the non-employee directors will participate in the Company's director compensation program, pursuant to which each such director is expected to receive annual compensation in the amount of $300,000 for his or her services as a non-employee director, which will be paid 60% in time-based restricted stock units ("RSUs") and the remainder in cash. Mr. Meister will be entitled to receive an additional annual cash retainer of $185,000 for his service as non-executive Chair of the Board. Chairs of the following committees will be entitled to the following applicable additional annual cash retainers: (a) Audit Committee Chair: $30,000; (b) Compensation and Human Resources Committee Chair: $25,000; and (c) Nominating and Governance Committee Chair: $20,000. Each non-employee director may elect, on an annual basis, to receive 80% or 100% of his or her annual compensation in RSUs, with the remainder to be paid in cash. Cash amounts will be payable quarterly in arrears and will be prorated for partial years of service. RSU grants will be made on the day of the Company's annual shareholder meeting and will generally vest on the day before the next annual meeting (other than during the calendar year in which the Spin-Off occurs, in which case, RSU grants will be made following the Spin-Off). Each non-employee director will be required to hold $600,000 in the Company's ordinary shares and has up to five years from his date of appointment to fulfill this holding requirement.

#### Appointment of Officers
On April 1, 2026, effective as of the Spin-Off, the Board appointed the following individuals to the offices of the Company indicated opposite their names:

---

| | | |
|:---|:---|:---|
| **Name** | **Age** | **Position(s)** |
| Joseph T. Liotine | 53 | Chief Executive Officer |
| Douglas R. Ostermann | 58 | Chief Financial Officer |
| Sharon Vinci | 57 | Chief People Officer |
| Janis N. Acosta | 56 | Chief Legal Officer and Secretary |
| Jason A. Celian | 49 | Chief Accounting Officer |

---

The Information Statement under the sections entitled "Management" contains the biographical information about the newly appointed officers other than Mr. Celian, which is incorporated herein by reference.

*Jason A. Celian,* 49, has been appointed as our Chief Accounting Officer effective as of the Distribution Date. Prior to the Spin-Off, Mr. Celian served as Aptiv's Controller, Electrical Distribution Systems, a position he has held since January 2025. Prior to that, from January 2017, Mr. Celian served as Controller, Signal and Power Solutions and from 2014, Controller, Electronics and Safety. In these roles, he was responsible for all accounting and internal control activities for the relative business segment. Prior to joining Aptiv in 2014, Mr. Celian spent 14 years at the international public accounting firm of Ernst & Young, including four years in the firm's Capital Markets Group in London, England. Mr. Celian is a Certified Public Accountant and holds a Bachelor of Science in Business Administration from the University of Dayton.

None of the appointees have family relationships with any member of the Board or any executive officer of the Company and none is a party to any transactions that would be disclosed under Item 404(a) of Regulation S-K. There are no arrangements or understandings between any of the appointees or any other person and the Company pursuant to which the appointees were appointed to serve in his or her respective role.

------

On the Distribution Date, the Versigent executive compensation programs, policies, and practices in place for its executive officers are similar to those of Aptiv. Information regarding these compensation arrangements, which are applicable to the newly appointed officers, is described under the heading "Executive and Director Compensation" in the Information Statement, and such information and descriptions are incorporated by reference herein.

The newly appointed officers are each party to an offer letter containing compensation arrangements that become effective as of the Distribution Date, and more specifically, as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Annual Base<br>Salary** | **Annual<br>Incentive Target<br>Award** | **Long-Term<br>Incentive Plan<br>Target Annual<br>Award** | **Target Total<br>Direct<br>Compensation** |
| Joseph T. Liotine | $950000 | $1425000 | $9000000 | $11375000 |
| Douglas R. Ostermann | $850000 | $850000 | $3500000 | $5200000 |
| Sharon Vinci | $515000 | $515000 | $1500000 | $2530000 |
| Janis N. Acosta | $600000 | $600000 | $1500000 | $2700000 |

---

After the Spin-Off, the executive compensation programs, policies, and practices for our executive officers will be subject to the review and approval of the Compensation and Human Resources Committee described above.

------

#### Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Upon the effectiveness of the Spin-Off, the Company converted from a limited company to a public limited company under the laws of Jersey and changed its name from "Versigent Limited" to "Versigent PLC." The Company's Memorandum and Articles of Association became effective in connection with the Spin-Off and were approved, on March 26, 2026, by Aptiv, in its capacity as the sole member of the Company.

A summary of the material provisions of the Memorandum and Articles of Association can be found in the section entitled "Description of Share Capital" in the Information Statement. This summary does not purport to be complete and is qualified in its entirety by reference to the full text of the Memorandum and Articles of Association, which are filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.

#### Item 8.01 Other Events.
On April 1, 2026, the Company issued a press release announcing the completion of the Spin-Off. The full text of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in this Item 8.01.

#### Item 9.01. Financial Statements and Exhibits
**(d) Exhibits** 

---

| | |
|:---|:---|
| **Exhibit** <br>**Number** | **Description** |
| 2.1 | [Separation and Distribution Agreement, dated as of March 30, 2026, by and between Aptiv PLC and Versigent PLC.†+](d52176dex21.htm) |
| 3.1 | [Memorandum and Articles of Association.](d52176dex31.htm) |
| 4.1 | [Indenture, dated March 18, 2026 between Cyprium Corporation, Cyprium Holdings Luxembourg S.À.R.L. and U.S. Bank Trust Company, National Association, as trustee.†](d52176dex41.htm) |
| 4.2 | [Supplemental Indenture, dated March 30, 2026 between Cyprium Corporation, Cyprium Holdings Luxembourg S.À.R.L., the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee.](d52176dex42.htm) |
| 10.1 | [Transition Services Agreement, dated as of March 30, 2026, by and between Aptiv PLC and Versigent PLC.†+](d52176dex101.htm) |
| 10.2 | [Tax Matters Agreement, dated as of March 30, 2026, by and between Aptiv PLC and Versigent PLC.†+](d52176dex102.htm) |
| 10.3 | [Employee Matters Agreement, dated as of March 30, 2026, by and between Aptiv PLC and Versigent PLC.+](d52176dex103.htm) |
| 10.4 | [First Amendment to Credit Agreement, dated as of March 25, 2026, by and among Versigent PLC, Cyprium Swiss Holdings Limited, Cyprium US Holdings, LLC, Cyprium US Services General Partnership, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent.†+](d52176dex104.htm) |
| 99.1 | [Press Release, dated April 1, 2026, issued by Versigent PLC.](d52176dex991.htm) |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |

---

† Certain portions of this exhibit have been redacted pursuant to Item 601(b)(2)(ii) and Item 601(b)(10)(iv) of Regulation S-K, as applicable. The Company agrees to furnish supplementally an unredacted copy of the exhibit to the Commission upon its request.

+ The schedules and exhibits to this agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the Commission upon its request.

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 1, 2026

---

| | |
|:---|:---|
| **VERSIGENT PLC** | **VERSIGENT PLC** |
| By: | /s/ Janis N. Acosta |
|  | Name: Janis N. Acosta |
|  | Title: Chief Legal Officer and Secretary |

---

## Exhibit 2.1

**Exhibit 2.1** 

**EXECUTION VERSION** 

SEPARATION AND DISTRIBUTION AGREEMENT

by and between

APTIV PLC

and

VERSIGENT LIMITED

Dated as of March 30, 2026

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS SEPARATION AND DISTRIBUTION AGREEMENT HAS BEEN OMITTED BY MEANS OF REDACTING A PORTION OF THE TEXT AND REPLACING IT WITH [\*\*\*], PURSUANT TO REGULATION S-K ITEM 601(B) OF THE SECURITIES ACT OF 1933, AS AMENDED. CERTAIN CONFIDENTIAL INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS: (i) NOT MATERIAL AND (ii) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.

------

**TABLE OF CONTENTS** 

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| | | |
|:---|:---|:---|
|  |  | **Page** |
|  ARTICLE I DEFINITIONS | ARTICLE I DEFINITIONS | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 1.01 | Definitions | 2 |
|  ARTICLE II THE SEPARATION | ARTICLE II THE SEPARATION | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 2.01 | Transfer of Assets and Assumption of Liabilities | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 2.02 | Priority of Agreements | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 2.03 | Termination of Intercompany Arrangements and Intercompany Accounts; Payments | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 2.04 | Shared Contracts | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 2.05 | Disclaimer of Representations and Warranties | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 2.06 | Waiver of Bulk-Sale and Bulk-Transfer Laws | 28 |
|  ARTICLE III CREDIT SUPPORT | ARTICLE III CREDIT SUPPORT | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 3.01 | Replacement of Parent Credit Support | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 3.02 | Replacement of SpinCo Credit Support | 30 |
|  ARTICLE IV ACTIONS PENDING THE DISTRIBUTION | ARTICLE IV ACTIONS PENDING THE DISTRIBUTION | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 4.01 | Actions Prior to the Distribution | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 4.02 | Conditions Precedent to Consummation of the Distribution | 32 |
|  ARTICLE V THE DISTRIBUTION | ARTICLE V THE DISTRIBUTION | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 5.01 | The Distribution | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 5.02 | Fractional Shares | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 5.03 | Sole Discretion of Parent | 34 |
|  ARTICLE VI MUTUAL RELEASES; INDEMNIFICATION | ARTICLE VI MUTUAL RELEASES; INDEMNIFICATION | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 6.01 | Release of Pre-Distribution Claims | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 6.02 | Indemnification by SpinCo | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 6.03 | Indemnification by Parent | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 6.04 | Indemnification Obligations Net of Insurance Proceeds and Third-Party Proceeds | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 6.05 | Procedures for Indemnification of Third-Party Claims | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 6.06 | Additional Matters | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 6.07 | Remedies Cumulative | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 6.08 | Covenant Not to Sue | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 6.09 | Survival of Indemnities | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 6.10 | Indemnified Damages | 42 |

---

i

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; Section 6.11 | Management of Certain Actions, Government Investigations and Internal Investigations | 42 |
|  ARTICLE VII ACCESS TO INFORMATION; PRIVILEGE; CONFIDENTIALITY | ARTICLE VII ACCESS TO INFORMATION; PRIVILEGE; CONFIDENTIALITY | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 7.01 | Agreement for Exchange of Information; Archives | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 7.02 | Ownership of Information | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 7.03 | Compensation for Providing Information | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 7.04 | Record Retention | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 7.05 | Accounting Information | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 7.06 | Limitations of Liability | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 7.07 | Production of Witnesses; Records; Cooperation | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 7.08 | Privileged Matters | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 7.09 | Confidential Information | 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 7.10 | Conflicts Waiver | 53 |
|  ARTICLE VIII INSURANCE | ARTICLE VIII INSURANCE | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 8.01 | Maintenance of Insurance and Termination of Coverage | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 8.02 | Claims under Parent Insurance Policies | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 8.03 | Claims under SpinCo Insurance Policies | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 8.04 | Insurance Proceeds | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 8.05 | Claims Not Reimbursed | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 8.06 | D&O Policies | 57 |
|  ARTICLE IX FURTHER ASSURANCES AND ADDITIONAL COVENANTS | ARTICLE IX FURTHER ASSURANCES AND ADDITIONAL COVENANTS | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 9.01 | Further Assurances | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 9.02 | Non-Solicitation Covenant | 57 |
|  ARTICLE X TERMINATION | ARTICLE X TERMINATION | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 10.01 | Termination | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 10.02 | Effect of Termination | 58 |
|  ARTICLE XI MISCELLANEOUS | ARTICLE XI MISCELLANEOUS | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.01 | Counterparts; Entire Agreement; Corporate Power | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.02 | Negotiation | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.03 | Arbitration | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.04 | Specific Performance | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.05 | Confidentiality | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.06 | No Set-Off; Payments | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.07 | Continuity of Service and Performance | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.08 | Governing Law | 62 |

---

ii

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.09 | Assignability | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.10 | Third-Party Beneficiaries | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.11 | Notices | 63 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.12 | Severability | 63 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.13 | Publicity | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.14 | Expenses | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.15 | Headings | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.16 | Survival of Covenants | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.17 | Waivers of Default | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.18 | Amendments | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; Section 11.19 | Interpretation | 65 |

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Disclosure Letter

iii

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SEPARATION AND DISTRIBUTION AGREEMENT, dated as of March 30, 2026, by and between Aptiv PLC, a Jersey public limited company ("<u>Parent</u>") and Versigent Limited, a Jersey private limited company, which will change its status to become a Jersey public limited company and will be renamed "Versigent PLC" upon the effectiveness of the Distribution ("<u>SpinCo</u>"). Capitalized terms used and not otherwise defined herein shall have the respective meanings assigned to them in <u>Article</u> <u>I</u>.

R E C I T A L S

WHEREAS, the board of directors of Parent has determined that it is in the best interests of Parent and its stockholders to create a new publicly traded company that will operate the SpinCo Business;

WHEREAS, in furtherance of the foregoing, the board of directors of Parent has determined that it is appropriate and desirable to effect the Separation Transactions;

WHEREAS, (i) Parent (A) has effected or will effect certain restructuring transactions for purposes of aggregating the SpinCo Business in the Parent Group (the "<u>Restructuring</u>") prior to the Distribution and in connection therewith (B) will contribute, convey, sell or otherwise transfer (or cause its Subsidiaries to contribute, convey, sell or otherwise transfer) the SpinCo Assets to SpinCo and the other members of the SpinCo Group in exchange for (1) the assumption by one or more members of the SpinCo Group of the SpinCo Liabilities and (2) the actual or deemed issuance by SpinCo to Parent of SpinCo Stock (clause (B), collectively, the "<u>Contribution</u>") and (ii) Parent will make the Distribution;

WHEREAS, SpinCo has been organized solely for the foregoing purposes and has not engaged in activities except in preparation for the Spin-Off;

WHEREAS, Parent and SpinCo have prepared, and SpinCo has filed with the Commission, the Form 10, which includes the Information Statement and sets forth certain disclosures concerning SpinCo and the Distribution;

WHEREAS, Parent and SpinCo intend that the Spin-Off qualify for its Intended Tax Treatment;

WHEREAS, effective from the Distribution, SpinCo will change its status from a private limited company to a public limited company under the laws of Jersey and will be renamed "Versigent PLC"; and

WHEREAS, it is appropriate and desirable to set forth the principal transactions required to effect the Spin-Off and certain other agreements that will govern certain matters relating to the Spin-Off and the relationship of Parent, SpinCo and their respective Subsidiaries following the Distribution.

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained in this Agreement, the Parties, intending to be legally bound, hereby agree as follows:

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**ARTICLE I** 

**DEFINITIONS** 

Section 1.01 <u>Definitions</u>. For the purposes of this Agreement, the following terms shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.01 "<u>Action</u>" means any claim, complaint, petition, hearing, charge, demand, action, suit, countersuit, arbitration, inquiry, audit, assessment, proceeding or investigation by or before any Governmental Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.02 "<u>Adversarial Action</u>" means (i) an Action by one or more members of the Parent Group, on the one hand, against one or more members of the SpinCo Group, on the other hand, or (ii) an Action by one or more members of the SpinCo Group, on the one hand, against one or more members of the Parent Group, on the other hand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.03 "<u>Affiliate</u>" means, with respect to any Person, any other Person that directly, or through one or more intermediaries, controls or is controlled by or is under common control with such Person; <u>provided</u>, <u>however</u>, that, from and after the Distribution Date, (a) SpinCo and the other members of the SpinCo Group shall not be considered Affiliates of Parent or any of the other members of the Parent Group and (b) Parent and the other members of the Parent Group shall not be considered Affiliates of SpinCo or any of the other members of the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.04 "<u>Agent</u>" means the distribution agent appointed by Parent to distribute to the Record Holders, pursuant to the Distribution, the shares of SpinCo Stock held by Parent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.05 "<u>Agreement</u>" means this Separation and Distribution Agreement, including the Disclosure Letter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.06 "<u>Ancillary Agreements</u>" means the Master Ancillary Agreements and any other instruments, assignments, documents and agreements executed or to be executed between one or more members of the Parent Group, on the one hand, and one or more members of the SpinCo Group, on the other hand, in each case in connection with the Restructuring and the implementation of the transactions contemplated by this Agreement (including any Real Estate Separation Document (other than the Intercompany Leases and Intercompany Subleases, which shall not be Ancillary Agreements), any Local Transfer Agreement and any other agreement or instrument executed by one or more members of the Parent Group and one or more members of the SpinCo Group for the purpose of transferring or conveying equity interests, Assets or Liabilities in order to effect the transactions contemplated hereby, but excluding the agreements listed on <u>Section</u> <u>1.01.06</u> <u>of the Disclosure Letter</u>).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.07 "<u>Arbitral Tribunal</u>" has the meaning set forth in <u>Section</u> <u>11.03(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.08 "<u>Assets</u>" means all assets, Contracts, properties and rights of every kind and nature (including goodwill), wherever located (including in the possession of vendors or other third parties or elsewhere), whether real, personal or mixed, tangible or intangible, or accrued or contingent, in each case whether or not recorded or reflected or required to be recorded or reflected on the books and records or financial statements of any Person.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.09 "<u>Available Insurance Policies</u>" means the insurance policies listed on Section <u>1.01.09 of the Disclosure Letter</u> under the caption "Parent Available Insurance Policies."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.10 "<u>Benefit Plan</u>" means, with respect to an entity, each plan, program, policy, agreement, arrangement or understanding that is maintained primarily for the benefit of employees in the United States and is a deferred compensation, executive compensation, incentive bonus or other bonus, pension, profit sharing, savings, retirement, severance pay, salary continuation, life, death benefit, health, hospitalization, sick leave, vacation pay, disability or accident insurance or other employee benefit plan, program, agreement or arrangement (including any "employee benefit plan" (as defined in Section 3(3) of ERISA)) sponsored, maintained or contributed to by such entity or to which such entity is a party or under which such entity has any obligation; <u>provided</u> that no (i) Parent Equity Compensation Award (as defined in the Employee Matters Agreement), nor any plan under which any such Parent Equity Compensation Award is granted, (ii) plan, program or arrangement sponsored by a Governmental Authority or (iii) plan, policy, program, arrangement or understanding mandated by applicable Law, will constitute a "Benefit Plan". In addition, no Employment Agreement (as defined in the Employee Matters Agreement) will constitute a Benefit Plan for purposes hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.11 "<u>Business Records</u>" means all files, documents, instruments, papers, books, reports, records, tapes, microfilms, photographs, letters, ledgers, journals, financial statements, technical documentation (design specifications, functional requirements, operating instructions, logic manuals, flow charts, etc.), user documentation (installation guides, user manuals, training materials, release notes, working papers, etc.) and files and other documents in whatever form, physical, electronic or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.12 "<u>Cash Management Arrangements</u>" means all cash management arrangements pursuant to which Parent or any of its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.13 "<u>Collecting Party</u>" has the meaning set forth in <u>Section</u> <u>2.03(d)(iii)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.14 "<u>Commission</u>" means the U.S. Securities and Exchange Commission.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.15 "<u>Consents</u>" means any consents, waivers, authorizations, ratifications, permissions, exemptions or approvals from or to any Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.16 "<u>Contract</u>" means any oral or written contract, agreement or other legally binding instrument, including any note, bond, mortgage, deed, indenture, commitment, lease, sublease, license, sublicense or joint venture agreement, other than a Permit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.17 "<u>Contribution</u>" has the meaning set forth in the Recitals hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.18 "<u>control</u>" means, as to any Person, the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise (and the terms "controlled by" and "under common control with" shall have correlative meanings).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.19 "<u>Credit Support Instruments</u>" has the meaning set forth in <u>Section</u> <u>3.01(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.20 "<u>Customary Offering Actions</u>" means all actions by SpinCo that are requested by Parent to assist with respect to the consummation of the Distribution and any transactions in connection therewith, including: (i) participating in meetings, presentations and due diligence sessions, (ii) assisting with the preparation of materials for presentations, memoranda and similar documents required in connection with any such transactions, (iii) providing any financial information and other information about SpinCo and its Subsidiaries reasonably requested by Parent and (iv) authorizing and directing SpinCo's auditors to provide customary cooperation, including comfort letters and authorization letters, in connection with any such transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.21 "<u>D&O Policies</u>" has the meaning set forth in <u>Section</u> <u>8.06</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.22 "<u>Data Protection Laws</u>" shall mean all Laws governing the collection, use, storage, processing and transfer of Personal Data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.23 "<u>Database</u>" means all databases, datasets and collections and compilations of data, in any form or medium, whether machine readable or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.24 "<u>Database Rights</u>" means all Copyrights and *sui generis* rights in Databases and any other statutory and common law rights in Databases under the laws of any jurisdiction, whether registered or unregistered, and any applications for registration therefor. For the avoidance of doubt, Database Rights shall not include any separate proprietary or intellectual property rights in any data itself contained in such Databases.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.25 "<u>Decision on Interim Relief</u>" has the meaning set forth in <u>Section</u> <u>11.03(e)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.26 "<u>Disbursement</u>" has the meaning set forth in <u>Section</u> <u>2.03(d)(iii)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.27 "<u>Disbursement Invoice</u>" has the meaning set forth in <u>Section</u> <u>2.03(d)(iii)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.28 "<u>Disbursement Receiving Party</u>" has the meaning set forth in <u>Section</u> <u>2.03(d)(iii)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.29 "<u>Disclosure Letter</u>" means that certain disclosure letter prepared and delivered by Parent and SpinCo as of the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.30 "<u>Dispute</u>" has the meaning set forth in <u>Section</u> <u>11.02</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.31 "<u>Dispute Notice</u>" has the meaning set forth in <u>Section</u> <u>11.02</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.32 "<u>Distribution</u>" means the distribution by Parent to the Record Holders, on a <u>pro</u> <u>rata</u> basis, of 100% of the outstanding shares of SpinCo Stock held by Parent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.33 "<u>Distribution Date</u>" means the date, determined by Parent in accordance with <u>Section</u> <u>5.03</u>, on which the Distribution occurs.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.34 "<u>Emergency Arbitrator</u>" has the meaning set forth in <u>Section</u> <u>11.03(e)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.35 "<u>Employee Matters Agreement</u>" means the Employee Matters Agreement, dated as of the date of this Agreement, by and between Parent and SpinCo.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.36 "<u>Environment</u>" means soil, soil gas, sediments, land, wastewater, surface water, groundwater, vegetation, wetland, natural resources or air.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.37 "<u>Environmental Laws</u>" means all Laws relating to the pollution or protection of the Environment, public or worker health and safety (as it relates to exposure to Regulated Substances), and natural resources, including the use, handling, transportation, treatment, storage, disposal, release or discharge of Regulated Substances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.38 "<u>Equity Interest</u>" means any share, capital stock, partnership, limited liability company, member or similar equity interest in any Person, and any option, share of restricted stock, restricted stock unit, stock appreciation right, phantom stock, performance share or unit, warrant, right or other security (including any debt security) convertible, exchangeable or exercisable into or for any such share, capital stock, partnership, limited liability company, member or similar equity interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.39 "<u>Exchange</u>" means the New York Stock Exchange.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.40 "<u>Exchange Act</u>" means the U.S. Securities Exchange Act of 1934, together with the rules and regulations promulgated thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.41 "<u>Final Determination</u>" has the meaning set forth in the Tax Matters Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.42 "<u>First Post-Distribution Report</u>" has the meaning set forth in <u>Section</u> <u>11.13</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.43 "<u>Form 10</u>" means the registration statement on Form 10 filed by SpinCo with the Commission to effect the registration of SpinCo Stock pursuant to the Exchange Act in connection with the Distribution, as such registration statement may be amended or supplemented from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.44 "<u>Former Business</u>" means any corporation, partnership, entity, product line, division, business unit or business, including any business within the meaning of Rule 11-01(d) of Regulation S-X (in each case, including any Assets and Liabilities comprising the same) that has been sold, conveyed, assigned, transferred or otherwise disposed of or divested (in whole or in part) to a Person other than Parent or its Subsidiaries or the operations, activities or production of which has been discontinued, abandoned, completed or otherwise terminated (in whole or in part), in each case, prior to the Distribution Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.45 "<u>Former SpinCo Business</u>" means the operations set forth on <u>Section</u> <u>1.01.45 of the Disclosure Letter</u> and any Former Business that at the time of sale, conveyance, assignment, transfer, or other disposition or divestiture (in whole or in part) or discontinuation, abandonment, completion or termination (in whole or in part) of the operations, activities or production thereof, was primarily managed by or primarily associated with the SpinCo Business or any portion thereof as then conducted.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.46 "<u>Former Parent Employee</u>" means any individual who (i) on or before the close of business on the Distribution Date retired or otherwise separated from service from Parent and its Affiliates, and (ii) is not a Former SpinCo Employee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.47 "<u>Former SpinCo Employee</u>" means any individual (i) (A) who on or before the close of business on the Distribution Date retired or otherwise separated from service from Parent and its Affiliates, and (B) whose last day worked with Parent and its Affiliates was with (I) the SpinCo Business or (II) any Person that will be a member of the SpinCo Group immediately after the Distribution or (ii) who is set forth on Schedule 1.1(a) to the Employee Matters Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.48 "<u>Government Investigation</u>" means any inquiry, investigation, probe, audit or inspection conducted by a Governmental Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.49 "<u>Governmental Approvals</u>" means any notices, reports or other filings given to or made with, or any Consents, registrations or permits obtained from, any Governmental Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.50 "<u>Governmental Authority</u>" means any federal, state, local, foreign, international or multinational government, political subdivision, governmental, quasi-governmental authority of any nature (including any department, commission, board, bureau, agency, court or tribunal) or other body exercising legislative, judicial, regulatory, administrative or taxing authority, arbitral body or official of any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.51 "<u>Group</u>" means either the Parent Group or the SpinCo Group, or both, as the context requires.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.52 "<u>ICC</u>" means the International Chamber of Commerce.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.53 "<u>Indemnifying Party</u>" has the meaning set forth in <u>Section</u> <u>6.04(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.54 "<u>Indemnitee</u>" has the meaning set forth in <u>Section</u> <u>6.04(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.55 "<u>Indemnity Payment</u>" has the meaning set forth in <u>Section</u> <u>6.04(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.56 "<u>Information</u>" means information, whether or not patentable, copyrightable or protectable as a Trade Secret, in written, oral, electronic or other tangible or intangible forms, stored in any medium now known or yet to be created, including studies, reports, records, books, Contracts, instruments, surveys, analyses, discoveries, ideas, concepts, know-how, techniques, designs, specifications, drawings, blueprints, diagrams, models, prototypes, samples, flow charts, data, computer data, disks, diskettes, tapes, computer programs or other software, marketing or business plans, customer names or information, communications (including emails, text messages, IMs, and chats, including those by or to attorneys (whether or not subject to the attorney-client privilege)), memos and other materials (including those prepared by attorneys or under their direction (whether or not constituting attorney work product)) and other technical, financial, employee or business information or data, documents, correspondence, materials and files, in each case excluding any Intellectual Property rights therein.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.57 "<u>Information Statement</u>" means the Information Statement sent by or on behalf of Parent to the holders of Parent Stock in connection with the Distribution, as such Information Statement may be amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.58 "<u>Insurance Proceeds</u>" means those monies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) received by an insured (or its successor-in-interest) from an insurance carrier;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) paid by an insurance carrier on behalf of the insured (or its successor-in-interest); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) received (including by way of set-off) from any third party in the nature of insurance in respect of any Liability;

in any such case net of (i) any applicable premium adjustments (including reserves and retrospectively rated premium adjustments), (ii) any costs or expenses incurred in the collection thereof, (iii) any reimbursement obligations under "fronted" or similar insurance policies and (iv) any Taxes resulting from the receipt thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.59 "<u>Intellectual Property</u>" means all intellectual property rights, industrial property rights and other similar rights in any jurisdiction, including all rights in (a) patents and patent applications, including all continuations, divisionals, continuations-in-part, and provisionals and patents issuing on any of the foregoing, and all reissues, reexaminations, substitutions, renewals and extensions of any of the foregoing ("<u>Patents</u>"); (b) all trademarks, service marks, corporate names, logos, brand names, certification marks, trade dress, trade names and other indications of origin, goodwill associated with the foregoing and symbolized thereby and all applications, registrations, renewals and extensions of the foregoing ("<u>Marks</u>"); (c) domain names and associated uniform resource locators ("<u>Domain Names</u>"); (d) copyrights, mask works, designs, works of authorship, including all registrations, applications, renewals, extensions and reversions of any of the foregoing and all moral rights (however denominated) (other than Database Rights) ("<u>Copyrights</u>"); (e) rights in Software; (f) Database Rights; (g) trade secrets, non-public discoveries, concepts, ideas, research and development, technology, know-how, formulae, inventions, compositions, processes, techniques, technical data and information, procedures, semiconductor device structures, drawings, specifications, customer lists, customer data, supplier lists, pricing and cost information, and business and marketing plans and proposals (in each case excluding any rights in respect of any of the foregoing that comprise or are protected by Copyrights or issued Patents); and (h) social media accounts and handles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.60 "<u>Intellectual Property Assignment Agreements</u>" means the Intellectual Property Assignment Agreements listed in <u>Section</u> <u>1.01.60 of the Disclosure Letter</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.61 "<u>Intellectual Property Cross License Agreements</u>" means (i) the Intellectual Property Cross License Agreement, dated as of the date of this Agreement, by and between Aptiv Technologies AG and Aptiv Manufacturing Management Services GmbH and (ii) the Intellectual Property Cross License Agreement, dated as of the date of this Agreement, by and between Aptiv Electrical Centers (Shanghai) Co., Ltd. and Aptiv Electric Systems Company Ltd. 

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.62 "<u>Intended Tax Treatment</u>" has the meaning set forth in the Tax Matters Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.63 "<u>Intercompany Accounts</u>" has the meaning set forth in <u>Section</u> <u>2.03(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.64 "<u>Intercompany Arrangement</u>" means any Contract or transaction between any member of the Parent Group, on the one hand, and any member of the SpinCo Group, on the other hand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.65 "<u>Intercompany Deeds</u>" means the deeds (or similar instruments) conveying a fee simple interest (or local equivalent) in real property, together with any applicable transfer Tax forms and other documents required under applicable Law, (i) from a member of the Parent Group, as grantor, to a member of the SpinCo Group, as grantee, or (ii) from a member of the SpinCo Group, as grantor, to a member of the Parent Group, as grantee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.66 "<u>Intercompany Leases</u>" means the real property leases by and between (i) a member of the Parent Group, as lessor, and a member of the SpinCo Group, as lessee, or (ii) a member of the SpinCo Group, as lessor, and a member of the Parent Group, as lessee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.67 "<u>Intercompany Subleases</u>" means the real property subleases by and between (i) a member of the Parent Group, as sublessor, and a member of the SpinCo Group, as sublessee, and (ii) a member of the SpinCo Group, as sublessor, and a member of the Parent Group, as sublessee (if any).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.68 "<u>Interim Relief</u>" has the meaning set forth in <u>Section</u> <u>11.03(e)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.69 "<u>Internal Investigation</u>" means any inquiry, investigation, probe, audit or inspection conducted by a member of the Parent Group or the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.70 "<u>Joint Actions</u>" has the meaning set forth in <u>Section</u> <u>6.11(c)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.71 "<u>Known Counsel</u>" has the meaning set forth in <u>Section</u> <u>7.10</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.72 "<u>Law</u>" means any statute, law, regulation, ordinance, rule, judgment, rule of common law, order, decree, Governmental Approval, concession, grant, franchise, license, directive, guideline, policy, requirement or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the foregoing by, any Governmental Authority, whether now or hereinafter in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.73 "<u>Lease Assignments</u>" means the assignments of real property leases and subleases by and between (i) a member of the Parent Group, as assignor, and a member of the SpinCo Group, as assignee, or (ii) a member of the SpinCo Group, as assignor, and a member of the Parent Group, as assignee.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.74 "<u>Liabilities</u>" means any and all claims, debts, demands, causes of action, suits, damages, fines, penalties, obligations, prohibitions, accruals, accounts payable, bonds, indemnities and similar obligations, agreements, promises, guarantees, make-whole agreements and similar obligations, and other liabilities, obligations or requirements of any kind or nature, including all contractual obligations, whether absolute or contingent, matured or unmatured, liquidated or unliquidated, accrued or unaccrued, known or unknown, whenever arising, and including those arising under any Law, Action, threatened or contemplated Action or any award of any arbitrator or mediator, and those arising under any Contract, including those arising under this Agreement or any Ancillary Agreement, in each case, whether or not recorded or reflected or required to be recorded or reflected on the books and records or financial statements of any Person. For the avoidance of doubt, Liabilities shall include reasonable attorneys' fees and expenses, the costs and expenses of all assessments, judgments, settlements, compromises and resolutions, and any and all other costs and expenses whatsoever reasonably incurred in connection with anything contemplated by the immediately preceding sentence (including reasonable costs and expenses incurred in investigating, preparing or defending against any such Actions or threatened or contemplated Actions).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.75 "<u>Liens</u>" means all liens, pledges, charges, claims, security interests, purchase agreements, options, restrictions on transfer or other encumbrances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.76 "<u>Local Transfer Agreement</u>" means any agreement entered into for the purpose of effecting the Separation Transactions in accordance with the Laws of an applicable jurisdiction, including those set forth on <u>Section</u> <u>1.01.76</u> <u>of the Disclosure Letter</u>, other than any Master Ancillary Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.77 "<u>Managing Party</u>" has the meaning set forth in <u>Section</u> <u>6.11(d)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.78 "<u>Master Ancillary Agreements</u>" means the Employee Matters Agreement, the Intellectual Property Assignment Agreements, the Intellectual Property Cross License Agreements, the Tax Matters Agreement and the Transition Services Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.79 "<u>Mixed Action</u>" means any Action in respect of which an Indemnifying Party may be obligated to provide indemnification pursuant to this Agreement that involves both Parent Assets or Parent Liabilities, on the one hand, and SpinCo Assets or SpinCo Liabilities, on the other hand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.80 "<u>Negotiation Period</u>" has the meaning set forth in <u>Section</u> <u>11.02</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.81 "<u>Non-Managing Party</u>" has the meaning set forth in <u>Section</u> <u>6.11(d)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.82 "<u>Non-U.S. Benefit Plan</u>" means, with respect to an entity, each plan, program, policy, agreement, arrangement or understanding that is maintained primarily for the benefit of employees outside of the United States and is a deferred compensation, executive compensation, incentive bonus or other bonus, pension, profit sharing, savings, retirement, severance pay, salary continuation, life, death benefit, health, hospitalization, sick leave, vacation pay, disability or accident insurance or other employee benefit plan, program, agreement or arrangement sponsored, maintained or contributed to by such entity or to which such entity is a party or under which such entity has any obligation; <u>provided</u> that no (i) Parent Equity

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Compensation Award, nor any plan under which any such Parent Equity Compensation Award is granted (ii) plan, program or arrangement sponsored by a Governmental Authority or (iii) plan, policy, program, arrangement or understanding mandated by applicable Law, will constitute a "Non-U.S. Benefit Plan". In addition, no Employment Agreement will constitute a Non-U.S. Benefit Plan for purposes hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.83 "<u>Parent</u>" has the meaning set forth in the Preamble hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.84 "<u>Parent Account</u>" means any bank, brokerage or similar account owned by Parent or any other member of the Parent Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.85 "<u>Parent Assets</u>" means all of Parent's and its Subsidiaries' rights, title and interest in all of the Assets of Parent and its Subsidiaries, other than the SpinCo Assets, including all of Parent's and its Subsidiaries' right, title and interest in the following Assets:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all Assets that are provided by this Agreement or any Ancillary Agreement as Assets to be retained by, or allocated to, any member of the Parent Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all cash and cash equivalents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) all Equity Interests in the members of the Parent Group (other than Parent);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) except for the SpinCo Owned Real Property and SpinCo Leased Real Property, all of Parent and its Subsidiaries' right, title and interest in owned and leased real property and other interests in real property, including all such right, title and interest under each real property lease, sublease, license or other occupancy agreement pursuant to which any of them leases, subleases, licenses or otherwise occupies any such real property, including all improvements, fixtures and appurtenances thereto and rights in respect thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) except for the SpinCo Contracts, the SpinCo Real Property Leases or the Shared Contracts, or as otherwise expressly provided herein, all interests of Parent and its Subsidiaries in Contracts to which Parent or its Subsidiaries are parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) all causes of action (including counterclaims) and defenses of Parent and its Subsidiaries (i) against third parties to the extent relating to any of the Parent Business, the Parent Assets or the Parent Liabilities as well as any books, records and privileged information relating thereto or (ii) relating to any period prior to or through the Distribution to the extent that the assertion of such cause of action or defense is necessary or useful in defending any Action that may be asserted against Parent or any of its Subsidiaries or for which indemnification may be sought by any of the Parent Indemnitees pursuant to <u>Article VI</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the Parent Intellectual Property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) all nontransferable Permits of Parent and its Subsidiaries and all Permits held by Parent and its Subsidiaries that are not exclusively used in, or exclusively required for, the operation or ownership of the SpinCo Business or the SpinCo Assets;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) without limiting SpinCo's rights expressly provided under <u>Article</u> <u>VIII</u>, all policies and programs of, or agreements for, insurance and interests in insurance pools and programs of Parent and its Subsidiaries (in each case including self-insurance and insurance from Affiliates, but excluding any insurance policy issued exclusively in the name and for the benefit of any member of the SpinCo Group (and except for any such insurance policy which forms a part of a fronted, or equivalent, insurance program for which any member of the Parent Group retains funding responsibility)) (collectively, "<u>Parent Insurance Policies</u>") and all rights of any nature of Parent and its Subsidiaries with respect to any Parent Insurance Policy, including any recoveries thereunder and any rights to assert claims seeking any such recoveries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) all personnel and employment records for employees and former employees of Parent and its Subsidiaries who are not SpinCo Employees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) the Parent Business Records;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) all rights related to the Parent Portion of any Shared Contract or Surviving Intercompany Arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) the Parent Retained Assets; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) all other Assets, properties, rights, agreements, and claims of Parent and its Subsidiaries, other than those addressed above in this definition, in each case, that are not exclusively related to the SpinCo Business, wherever located, whether tangible or intangible, real, personal or mixed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.86 "<u>Parent Benefit Plan</u>" means each Benefit Plan that is not a SpinCo Benefit Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.87 "<u>Parent Business</u>" means all businesses and operations as conducted immediately prior to the Distribution or as formerly conducted by Parent and its Subsidiaries other than the SpinCo Business, including any Former Business, other than any Former SpinCo Business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.88 "<u>Parent Business Records</u>" means all Business Records of Parent and its Subsidiaries other than the SpinCo Business Records.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.89 "<u>Parent Credit Support Instruments</u>" has the meaning set forth in <u>Section</u> <u>3.01(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.90 "<u>Parent Directed Actions</u>" has the meaning set forth in <u>Section</u> <u>6.11(b)(i)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.91 "<u>Parent Disclosure Sections</u>" means all information contained in or incorporated by reference into the Form 10 or Information Statement, or used in documents for an offering of securities in connection with the Spin-Off or for an offering of securities as contemplated by this Agreement to the extent relating to (a) the Parent Business, (b) the Parent Group, (c) the Parent Liabilities, (d) the Parent Assets or (e) the substantive disclosure set forth in such documents relating to consideration of the board of directors of Parent of the Spin-Off, including the section of the Form 10 entitled "Reasons for the Spin-Off."

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.92 "<u>Parent Employee</u>" means each individual who, as of the close of business on the Distribution Date, is not a SpinCo Employee (whether employed by the Parent Group or the SpinCo Group). For the avoidance of doubt, Parent Employees also include Parent Delayed Transferees (as defined in the Employee Matters Agreement), effective as of the Applicable Transfer Date (as defined in the Employee Matters Agreement).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.93 "<u>Parent Group</u>" means, Parent and each Subsidiary of Parent that is or was a Subsidiary of Parent at the time in respect of which the relevant determination is being made, but excluding any member of the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.94 "<u>Parent Indemnitees</u>" has the meaning set forth in <u>Section</u> <u>6.02</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.95 "<u>Parent Intellectual Property</u>" means all Intellectual Property, other than the SpinCo Intellectual Property, including (i) all rights to the Parent Names and (ii) any Intellectual Property listed in <u>Section</u> <u>1.01.95</u> <u>of the Disclosure Letter</u> (the foregoing (i) and (ii), the "<u>Specified Parent Intellectual Property</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.96 "<u>Parent Liabilities</u>" means, without duplication, the following Liabilities: (i) all Liabilities of Parent and its Subsidiaries to the extent relating to, arising out of, or resulting from, any Parent Asset or the Parent Business, (ii) all obligations of Parent and its Subsidiaries to the extent relating to, arising out of or resulting from the Parent Portion of any Shared Contract or Surviving Intercompany Arrangement, (iii) all Parent Retained Liabilities, (iv) all Liabilities to the extent relating to, arising out of or resulting from any untrue statement or alleged untrue statement of a material fact or omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading, with respect to the Parent Disclosure Sections and (v) all Liabilities that are provided by this Agreement or any Ancillary Agreement as Liabilities to be assumed or retained by, or allocated to, any member of the Parent Group; provided that in no event shall a SpinCo Liability be a Parent Liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.97 "<u>Parent Names</u>" means any Marks of Parent or its Affiliates, including "Aptiv," any Aptiv-formative mark that contains the "Aptiv" name or the marks "SVA" or "Smart Vehicle Architecture," either alone or in combination with other words or elements or any variations, translations, transliterations or derivatives thereof or any Marks confusingly similar thereto, except for those Marks expressly set forth on <u>Section</u> <u>1.01.139 of the Disclosure Letter</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.98 "<u>Parent Non-U.S. Benefit Plan</u>" means each Non-U.S. Benefit Plan that is not a SpinCo Non-U.S. Benefit Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.99 "<u>Parent Policy Pre-Separation Insurance Matters</u>" means any (a) circumstance known by the SpinCo Group or the Parent Group or claim made against the SpinCo Group or the Parent Group and, in either case, reported to the applicable insurer(s) prior to the Distribution Date in respect of an act, omission or Liability occurring prior to the Distribution Date that results in a Liability under a "claims-made-based" or an "occurrence-reported-based" insurance policy of the Parent Group in effect prior to the Distribution Date or under any extended reporting period thereof, (b) Action (whether made prior to, on or following the Distribution Date) in respect of any incident occurring prior to the Distribution Date under the Available Insurance Policies in effect prior to the Distribution Date or (c) if and solely to the extent

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Parent so elects by written notice to SpinCo, claims made against the SpinCo Group after the Distribution Date in respect of an act, omission or Liability occurring prior to the Distribution Date that results in a Liability under the "claims-made-based" insurance policies, including any runoff coverage thereunder, of the Parent Group so elected by Parent, other than Available Insurance Policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.100 "<u>Parent Portion</u>" means that portion of any Shared Contract or any Surviving Intercompany Arrangement, as applicable, that is not related to the SpinCo Business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.101 "<u>Parent Retained Assets</u>" means the Assets to be retained by the Parent Group as set forth on <u>Section</u> <u>1.01.101 of the Disclosure Letter</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.102 "<u>Parent Retained Liabilities</u>" means the Liabilities to be retained by the Parent Group as set forth on <u>Section</u> <u>1.01.102 of the Disclosure Letter</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.103 "<u>Parent Stock</u>" means the ordinary shares, $0.01 par value per share, of Parent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.104 "<u>Party</u>" means either party hereto, and "<u>Parties</u>" means both parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.105 "<u>Paying Party</u>" has the meaning set forth in <u>Section</u> <u>2.03(d)(iii)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.106 "<u>Permits</u>" means all licenses, permits, franchises, approvals, registrations, authorizations, consents or orders of, or filings with, any Governmental Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.107 "<u>Person</u>" means an individual, partnership (general or limited), corporation, limited liability company, joint venture, association or other form of business organization (whether or not regarded as a legal entity under applicable Law), trust or other entity or organization, including a Governmental Authority or works council.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.108 "<u>Personal Data</u>" means any information defined as "Personal Data," "Personally Identifiable Information," "Personal Information" or similar term by the Data Protection Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.109 "<u>Real Estate Separation Documents</u>" means the Intercompany Deeds, the Intercompany Leases, the Intercompany Subleases, the Lease Assignments, and any agreements entered into between members of the Parent Group, on the one hand, and members of the SpinCo Group, on the other, in connection with the subdivision of real properties into separate tax parcels in connection with the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.110 "<u>Real Estate Transaction(s)</u>" means each conveyance, assignment, transfer, novation, lease or sublease of owned or leased real property pursuant to this Agreement or any Ancillary Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.111 "<u>Receipt</u>" has the meaning set forth in <u>Section</u> <u>2.03(d)(iii)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.112 "<u>Receiving Party</u>" has the meaning set forth in <u>Section</u> <u>2.01(d)</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.113 "<u>Record Date</u>" means the close of business on the date determined by the board of directors of Parent as the record date for determining the shares of Parent Stock in respect of which shares of SpinCo Stock will be distributed pursuant to the Distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.114 "<u>Record Holders</u>" has the meaning set forth in <u>Section</u> <u>5.01(b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.115 "<u>Regulated Substance</u>" means any (a) hazardous substance, hazardous waste, pollutant or contaminant as defined or regulated by any Environmental Law, (b) gasoline, diesel fuel, motor oil, waste or used oil, heating oil, kerosene and any other petroleum product or by-product, (c) asbestos or asbestos-containing material and (d) polychlorinated biphenyls, methane, radioactive materials or per- and polyfluoroalkyl substances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.116 "<u>Representation</u> <u>Letter</u><u>s</u>" has the meaning set forth in the Tax Matters Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.117 "<u>Representative</u>" has the meaning set forth in <u>Section</u> <u>7.09(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.118 "<u>Responsible Party</u>" has the meaning set forth in <u>Section</u> <u>2.03(d)(iii)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.119 "<u>Restructuring</u>" has the meaning set forth in the Recitals hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.120 "<u>Rules</u>" has the meaning set forth in <u>Section</u> <u>11.03</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.121 "<u>Separation Transactions</u>" means the Restructuring, the Contribution, the Distribution and the other transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.122 "<u>Shared Contract</u>" means each Contract set forth on <u>Section</u> <u>1.01.122</u> <u>of the Disclosure Letter</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.123 "<u>Software</u>" means (a) computer programs, including any and all software implementations of algorithms, models and methodologies, whether in source code or object code, (b) descriptions, flow-charts and other work product used to design, plan, organize and develop any of the foregoing, screens, user interfaces, report formats, firmware, middleware, development tools, templates, menus, buttons and icons, and (c) documentation, including user manuals, and other training documentation, related to any of the foregoing, in each case excluding Databases.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.124 "<u>Spin-Off</u>" means the Contribution and the Distribution, taken together.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.125 "<u>SpinCo</u>" has the meaning set forth in the Preamble hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.126 "<u>SpinCo Account</u>" means any bank, brokerage or similar account owned by SpinCo or any other member of the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.127 "<u>SpinCo Assets</u>" means, without duplication, the following Assets of the Parent Group or the SpinCo Group:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all Assets that are provided by this Agreement or any Ancillary Agreement as Assets to be assigned to or retained by, or allocated to, any member of the SpinCo Group;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all Assets included or reflected as Assets of the SpinCo Group or the SpinCo Business on the SpinCo Business Balance Sheet, subject to any dispositions of such Assets subsequent to the date of the SpinCo Business Balance Sheet;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) all Assets as of the Distribution Date that are of a nature or type that would have resulted in such Assets being included or reflected as Assets of the SpinCo Group or the SpinCo Business on the SpinCo Business Balance Sheet if such balance sheet were prepared as of the Distribution Date on a basis consistent with the determination of the Assets included on the SpinCo Business Balance Sheet;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) all interests in the capital stock of, or other equity interests in, the members of the SpinCo Group (other than SpinCo) and all other equity, partnership, membership, joint venture and similar interests held by any member of the SpinCo Group or set forth on <u>Section</u> <u>1.01.137 of the Disclosure Letter</u> under the captions "SpinCo Joint Venture Interests and Other Equity Interests," or "Subsidiaries," as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the SpinCo Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) all rights related to the SpinCo Portion of any Shared Contract or Surviving Intercompany Arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the SpinCo Owned Real Property, together with all buildings, fixtures and improvements erected thereon;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) the SpinCo Leased Real Property and the SpinCo Real Property Leases;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the SpinCo Intellectual Property, including all rights to file for protection thereof and claim priority therefrom and to sue and recover for past, present or future infringement, misappropriation or violation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) the SpinCo Benefit Plans and the SpinCo Non-U.S. Benefit Plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) all tangible personal property and interests therein, including machinery, equipment, furniture, office equipment, vehicles, spare and replacement parts and equipment and other tangible property that is used or held for use exclusively in the conduct of the SpinCo Business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) all raw materials, work-in-process, finished goods, supplies and other inventories that are used or held for use exclusively in the conduct of the SpinCo Business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) all trade accounts receivable and other receivables (other than any Surviving Intercompany Arrangements) exclusively related to the SpinCo Business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) all Permits that are exclusively used in, or exclusively required for, the operation or ownership of the SpinCo Business or the SpinCo Assets, excluding any Permits that may not be, or are not permitted to be, transferred due to restrictions under applicable Law, pursuant to their terms or otherwise (the "<u>SpinCo Permits</u>");

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) any insurance policy issued exclusively in the name and for the benefit of any member of the SpinCo Group (and except for any such insurance policy which forms a part of a fronted, or equivalent, insurance program for which any member of the Parent Group retains funding responsibility);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) the SpinCo Business Records;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) the other Assets listed on <u>Section</u> <u>1.01.127</u><u>(q)</u> <u>of the Disclosure Letter</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) all causes of action (including counterclaims) and defenses against third parties exclusively related to the SpinCo Assets, other than those described in clause (f)(ii) of the definition of Parent Assets; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) all other Assets, properties, rights and claims of Parent and its Subsidiaries, other than those addressed above in this definition, in each case that are exclusively related to the SpinCo Business, wherever located, whether tangible or intangible, real, personal or mixed.

Notwithstanding the foregoing, the SpinCo Assets shall not include any rights or interests of any member of the Parent Group under this Agreement or any Ancillary Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.128 "<u>SpinCo Available Insurance Policies</u>" means the insurance policies listed on <u>Section</u> <u>1.01.09</u> <u>of the Disclosure Letter</u> under the caption "SpinCo Available Insurance Policies".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.129 "<u>SpinCo Benefit Plan</u>" means (i) any Benefit Plan sponsored or maintained by any member of the SpinCo Group or (ii) any Benefit Plan (other than as set forth in (i)) exclusively for the benefit of the SpinCo Employees and/or former employees of the SpinCo Business. For the avoidance of doubt, no member of the SpinCo Group will be deemed to sponsor or maintain any Benefit Plan if its relationship to such Benefit Plan is solely to administer such Benefit Plan or provide to the Parent Group any reimbursement in respect of such Benefit Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.130 "<u>SpinCo Business</u>" means Parent's Electrical Distribution Systems segment (as described in the Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Commission by Parent), as conducted immediately prior to the Distribution by Parent and its Subsidiaries, consisting of the full range of low voltage and high voltage power, signal and data distribution solutions (including, for the avoidance of doubt, the cord set products included in Parent's Electrical Distribution Systems segment, together with any Former SpinCo Businesses).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.131 "<u>SpinCo Business Balance Sheet</u>" means the audited combined balance sheets of SpinCo as of December 31, 2025, included in the Information Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.132 "<u>SpinCo Business Records</u>" means all Business Records of Parent and its Subsidiaries exclusively related to the SpinCo Business, but excluding in all cases the Intellectual Property embodied therein and excluding in all cases (a) all corporate minute books (and other similar corporate records) and stock records of Parent and its Subsidiaries (other than the members of the SpinCo Group), (b) all Business Records relating to the Parent Assets, (c) any Business Records of or in the possession of Parent and its Subsidiaries that (i) relate to discussions or negotiations with any third party with respect to a sale of the SpinCo Business, including the

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identity of such third parties, or relate to Parent and its Subsidiaries' preparations for the transactions contemplated by this Agreement, (ii) any of Parent or its Subsidiaries are required by Law to retain (copies of which, to the extent exclusively related to the SpinCo Business and as permitted by Law, will be made available to SpinCo upon SpinCo's reasonable request) or (iii) any of Parent or its Subsidiaries are prohibited by Law from delivering to SpinCo (including by transfer of equity in any members of the SpinCo Group).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.133 "<u>SpinCo Contract</u>" means the following Contracts to which Parent or any of its Subsidiaries is a party or by which Parent or any of its Subsidiaries or any of their respective Assets is bound, whether or not in writing, in each case, immediately prior to the Distribution, except for any such Contract or part thereof that is expressly contemplated to be assigned to or retained by, or allocated to, any member of the Parent Group pursuant to any provision of this Agreement or any other Ancillary Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any such Contract that is exclusively related to the SpinCo Business, other than any Shared Contract, any joint venture governing agreement, any Contract relating to the leasing, subleasing, licensing or occupancy of real property or any Parent Retained Asset;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the SpinCo Joint Venture Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any Contract listed or described on <u>Section</u> <u>1.01.133 of the Disclosure Letter</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any Contract that is otherwise contemplated pursuant to this Agreement or any of the other Ancillary Agreements to be assigned to or retained by, or allocated to, any member of the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.134 "<u>SpinCo Credit Support Instruments</u>" has the meaning set forth in <u>Section</u> <u>3.02(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.135 "<u>SpinCo Directed Actions</u>" has the meaning set forth in <u>Section</u> <u>6.11(a)(i)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.136 "<u>SpinCo Employee</u>" means each (a) employee (including any employee on an approved leave of absence) employed by Parent or any of its Subsidiaries who is exclusively dedicated to the SpinCo Business as of immediately prior to the Distribution and (b) other individual (i) listed on <u>Schedule 1.1(c)(i)</u> to the Employee Matters Agreement or (ii) hired or reassigned by Parent or any of its Subsidiaries between the date of this Agreement and the Distribution Date to replace any of the individuals included on <u>Schedule 1.1(c)(i)</u> to the Employee Matters Agreement, including, in the case of clause (i) or (ii), any individual on an approved leave of absence. Notwithstanding the foregoing, no individual listed on <u>Schedule 1.1(c)(ii)</u> to the Employee Matters Agreement shall be considered a SpinCo Employee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.137 "<u>SpinCo Group</u>" means, (a) SpinCo and each Subsidiary of SpinCo that is or was a Subsidiary of SpinCo at the time in respect of which the relevant determination is being made and (b) each entity set forth on <u>Section</u> <u>1.01.137 of the Disclosure Letter</u> under the caption "Subsidiaries," each of which is contemplated to become a Subsidiary in connection with the Restructuring, in each case of this clause (b), until such time thereafter as it ceases to be a Subsidiary of SpinCo.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.138 "<u>SpinCo Indemnitees</u>" has the meaning set forth in <u>Section</u> <u>6.03</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.139 "<u>SpinCo Intellectual Property</u>" means any and all Intellectual Property that is (i) owned by Parent or any of its Subsidiaries and (ii) exclusively related to the SpinCo Business, including the Intellectual Property set forth on <u>Section</u> <u>1.01.139 of the Disclosure Letter</u>; <u>provided</u>, that, for the avoidance of doubt and notwithstanding anything to the contrary in this Agreement, SpinCo Intellectual Property shall not include any Specified Parent Intellectual Property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.140 "<u>SpinCo Joint Venture Agreements</u>" means those Contracts governing the rights and obligations associated with the ownership of the SpinCo Joint Venture Interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.141 "<u>SpinCo Joint Venture Interests</u>" means the joint venture interests and equity interests identified as SpinCo Joint Venture Interests and Other Equity Interests on <u>Section</u> <u>1.01.137 of the Disclosure Letter</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.142 "<u>SpinCo Leased Real Property</u>" means the real property leased or subleased by Parent or any of its Subsidiaries, as lessee or sublessee that is listed in <u>Section</u> <u>1.01.142 of the Disclosure Letter</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.143 "<u>SpinCo Liabilities</u>" means, whether relating to periods prior to, on or after the Distribution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all Liabilities that are provided by this Agreement or any Ancillary Agreement as Liabilities to be assumed or retained by, or allocated to, any member of the SpinCo Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all Liabilities to the extent arising from, related to or resulting from the SpinCo Assets, the SpinCo Business or any member of the SpinCo Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) all Liabilities included or reflected as Liabilities or obligations of the SpinCo Group or the SpinCo Business on the SpinCo Business Balance Sheet, subject to any discharge of such Liabilities subsequent to the date of the SpinCo Business Balance Sheet;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) all Liabilities as of the Distribution Date that are of a nature or type that would have resulted in such Liabilities being included or reflected as Liabilities or obligations of the SpinCo Group or the SpinCo Business on the SpinCo Business Balance Sheet if such balance sheet were prepared as of the Distribution Date on a basis consistent with the determination of the Liabilities included on the SpinCo Business Balance Sheet;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) all Liabilities under Environmental Laws, including those relating in any way to the Environment, human health and safety or Regulated Substances, in each case to the extent related to, arising out of or resulting from (i) the SpinCo Assets, or (ii) the SpinCo Business or any member of the SpinCo Group;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) except as set forth in the Employee Matters Agreement, all Liabilities to the extent relating to, arising out of or resulting from (i) the employment or services, or termination of employment or services, of any SpinCo Employee or Former SpinCo Employee or (ii) any SpinCo Benefit Plan or SpinCo Non-U.S. Benefit Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) all Liabilities to the extent arising from the SpinCo Portion of any Shared Contract or Surviving Intercompany Arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) all Liabilities listed or described on <u>Section</u> <u>1.01.143(h) of the Disclosure Letter</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all Liabilities to the extent relating to, arising out of or resulting from any untrue statement or alleged untrue statement of a material fact or omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading, with respect to all information contained in or incorporated by reference into the Form 10 or the Information Statement and any other documents filed with the Commission or used in documents for an offering of securities in connection with the Spin-Off or an offering of securities as otherwise contemplated by this Agreement, other than with respect to the Parent Disclosure Sections.

For the avoidance of doubt, the SpinCo Liabilities shall not include any Parent Retained Liabilities or any other Liabilities of any member of the Parent Group under this Agreement or any Ancillary Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.144 "<u>SpinCo Non-U.S. Benefit Plan</u>" means any (i) Non-U.S. Benefit Plan sponsored or maintained by a member of the SpinCo Group or (ii) any Non-U.S. Benefit Plan (other than as set forth in (i)) exclusively for the benefit of the SpinCo Employees and/or former employees of the SpinCo Business. For the avoidance of doubt, such plans do not include any statutory programs, including retirement, severance, termination or insurance benefits required by applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.145 "<u>SpinCo Owned Real Property</u>" means the real property owned in fee (or local equivalent) by Parent or any of its Subsidiaries that is listed in <u>Section</u> <u>1.01.145 of the Disclosure Letter</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.146 "<u>SpinCo Policy Pre-Separation Insurance Matters</u>" means any (a) circumstance known by the SpinCo Group or the Parent Group or claim made against the SpinCo Group or the Parent Group and reported to the applicable insurer(s) prior to the Distribution Date in respect of an act, omission or Liability occurring prior to the Distribution Date that results in a Liability under a "claims-made-based" or an "occurrence-reported-based" insurance policy of the SpinCo Group in effect prior to the Distribution Date or any extended reporting period thereof, or (b) Action (whether made prior to, on or following the Distribution Date) in respect of facts, circumstances, events or matters occurring prior to the Distribution Date under the SpinCo Available Insurance Policies in effect prior to the Distribution Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.147 "<u>SpinCo Portion</u>" means that portion of any Shared Contract or any Surviving Intercompany Arrangement, as applicable, that is related to the SpinCo Business.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.148 "<u>SpinCo Real Property Leases</u>" means the leases and subleases for the SpinCo Leased Real Property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.149 "<u>SpinCo Stock</u>" means the ordinary shares, $0.01 par value per share, of SpinCo.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.150 "<u>Subsidiary</u>" of any Person means any corporation or other organization, whether incorporated or unincorporated, of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization, is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries; <u>provided</u>, that the joint ventures listed in <u>Section</u> <u>1.01.150</u> of the Disclosure Letter shall not be considered Subsidiaries of Parent or any of its Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.151 "<u>Surviving Intercompany Arrangements</u>" has the meaning set forth in <u>Section</u> <u>2.03(b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.152 "<u>Tax</u>" or "<u>Taxes</u>" has the meaning set forth in the Tax Matters Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.153 "<u>Tax Matters Agreement</u>" means the Tax Matters Agreement, dated as of the date of this Agreement, by and between Parent and SpinCo.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.154 "<u>Tax Return</u>" has the meaning set forth in the Tax Matters Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.155 "<u>Third-Party Claim</u>" means any written assertion or other commencement by a Person (including any Governmental Authority) who is not a member of the Parent Group or the SpinCo Group of any claim, demand, inquiry or investigation, or the commencement by any such Person of any Action, against any member of the Parent Group or the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.156 "<u>Third-Party Proceeds</u>" has the meaning set forth in <u>Section</u> <u>6.04(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.157 "<u>Transfer Limitation</u>" has the meaning set forth in <u>Section</u> <u>2.01(d)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.158 "<u>Transferring Party</u>" has the meaning set forth in <u>Section</u> <u>2.01(d)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.159 "<u>Transition Services Agreement</u>" means the Transition Services Agreement, dated as of the date of this Agreement, by and between Parent and SpinCo.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.160 "<u>Transitional Trademark License Annex</u>" means the Transitional Trademark License Annex, set forth on <u>Section</u> <u>1.01.160 of the Disclosure Letter</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.161 "<u>Transferred Sites</u>" means the owned and leased real properties that have been or will be assigned, transferred or conveyed between the Parent Group and the SpinCo Group, which Transferred Sites and associated Real Estate Transactions are listed on <u>Section</u> <u>1.01.161 of the Disclosure Letter</u>.

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**ARTICLE II** 

**THE SEPARATION** 

Section 2.01 <u>Transfer of Assets and Assumption of Liabilities</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Prior to the Distribution, the Parties shall, and shall cause their respective Group members to, execute such instruments of assignment, transfer or conveyance and take such other corporate actions as are necessary to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) transfer and convey to one or more members of the SpinCo Group all of the right, title and interest of the Parent Group in, to and under all SpinCo Assets not already owned by the SpinCo Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) transfer and convey to one or more members of the Parent Group all of the right, title and interest of the SpinCo Group in, to and under all Parent Assets not already owned by the Parent Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) cause one or more members of the SpinCo Group to assume all of the SpinCo Liabilities to the extent such Liabilities would otherwise remain Liabilities of any member of the Parent Group; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) cause one or more members of the Parent Group to assume all of the Parent Liabilities to the extent such Liabilities would otherwise remain Liabilities of any member of the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event that it is discovered after the Distribution that there was an omission of (i) the transfer or conveyance by SpinCo (or a member of the SpinCo Group) to, or the acceptance or assumption by, Parent (or a member of the Parent Group) of any Parent Asset or Parent Liability, as the case may be, or (ii) the transfer or conveyance by Parent (or a member of the Parent Group) to, or the acceptance or assumption by, SpinCo (or a member of the SpinCo Group) of any SpinCo Asset or SpinCo Liability, as the case may be, the Parties shall use reasonable best efforts to promptly effect such transfer, conveyance, acceptance or assumption of such Asset or Liability, as the case may be, for no consideration and subject to <u>Section</u> <u>2.05</u>. Any transfer, conveyance, acceptance or assumption made pursuant to this <u>Section</u> <u>2.01(b)</u> shall be treated by the Parties for all purposes as if it had occurred immediately prior to the Distribution, except as otherwise required by applicable Law or a Final Determination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In the event that it is discovered after the Distribution that there was a transfer or conveyance (i) by SpinCo (or a member of the SpinCo Group) to, or the acceptance or assumption by, Parent (or a member of the Parent Group) of any SpinCo Asset or SpinCo Liability, as the case may be, or (ii) by Parent (or a member of the Parent Group) to, or the acceptance or assumption by, SpinCo (or a member of the SpinCo Group) of any Parent Asset or Parent Liability, as the case may be, the Parties shall use reasonable best efforts to promptly transfer or convey such Asset or Liability back to the transferring or conveying Party or to rescind any acceptance or assumption of such Asset or Liability, as the case may be, for no additional consideration and subject to <u>Section</u> <u>2.05</u>. Any transfer or conveyance made or acceptance or assumption rescinded pursuant to this <u>Section</u> <u>2.01(c)</u> shall be treated by the Parties for all purposes as if such Asset or Liability had never been originally transferred, conveyed, accepted or assumed, as the case may be, except as otherwise required by applicable Law or a Final Determination.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) To the extent that any transfer or conveyance of any Asset or acceptance or assumption of any Liability (in each case, except with respect to Shared Contracts, which are governed solely by <u>Section</u> <u>2.04</u> or Credit Support Instruments, which are governed solely by <u>Article III</u>) required by this Agreement to be so transferred, conveyed, accepted or assumed shall not have been completed prior to the Distribution, during the twenty-four (24)-month period following the Distribution, the Parties shall use reasonable best efforts to effect such transfer, conveyance, acceptance or assumption as promptly following the Distribution as shall be practicable. Nothing in this Agreement shall be deemed to require the transfer or conveyance of any Assets or the acceptance or assumption of any Liabilities which by their respective terms (or the terms of any Contract relating to such Asset or Liability) or under applicable Law cannot be so transferred, conveyed, accepted or assumed (a "<u>Transfer Limitation</u>"); provided, however, that, subject to the terms hereof, the Parties shall use reasonable best efforts to obtain any necessary Governmental Approvals and other Consents for the transfer, conveyance, acceptance or assumption (as applicable) of such Asset or Liability as required by this Agreement to be so transferred, conveyed, accepted or assumed. In the event that any such transfer, conveyance, acceptance or assumption (as applicable) has not been completed effective as of the Distribution, the Party retaining such Asset or Liability pursuant to this <u>Section</u> <u>2.01(d)</u> (or the member of the Party's Group retaining such Asset or Liability) (the "<u>Transferring Party</u>") shall thereafter hold such Asset for the use and benefit of the Party (or the member of such Party's Group) entitled thereto (the "<u>Receiving Party</u>") (at the expense of the Receiving Party) and retain such Liability for the account, and at the expense, of the Receiving Party. Each Party (and the applicable members of their respective Groups) shall take such other actions as Parent shall determine in its sole discretion, in each case in order to place each Party (or the member of its Group), insofar as reasonably possible, in the same position as would have existed had such Asset or Liability been transferred, conveyed, accepted or assumed (as applicable) as and when contemplated by this Agreement (absent this <u>Section</u> <u>2.01(d)</u>), including in respect of possession, use, risk of loss, potential for gain and control over such Asset or Liability, as the case may be. As and when any such Asset or Liability becomes transferable or assumable, as the case may be, each Party shall, and shall cause the members of its Group to, use reasonable best efforts to promptly effect such transfer, conveyance, acceptance or assumption (as applicable). Any transfer, conveyance, acceptance or assumption made pursuant to this <u>Section</u> <u>2.01(d)</u> shall be treated by the Parties for all purposes of this Agreement as if it had occurred as of the Distribution or such earlier effective date as provided in an applicable Local Transfer Agreement, except as otherwise required by applicable Law or a Final Determination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Transferring Party (i) shall not be obligated by this Agreement or any Ancillary Agreement, in connection with the arrangements contemplated by <u>Section</u> <u>2.01(d)</u>, to expend any money or take any action that would require the expenditure of money unless and to the extent the Receiving Party advances or agrees to reimburse it for the applicable expenditures, (ii) subject to clause (i), shall use its reasonable best efforts to provide the Receiving Party with such information and assistance as the Receiving Party may reasonably request in order to exercise its rights or perform its obligations with respect to such Asset or Liability, as applicable and (iii) shall not renew or extend the term of, or increase any of its obligations under, such Asset or Liability, other than at the written request or with the prior written consent of the Receiving Party.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Notwithstanding anything herein or in any Ancillary Agreement to the contrary, but subject to <u>Section</u> <u>2.01(h)</u> and <u>Article III</u>, neither Party nor their respective Groups shall be required to contribute capital, pay or grant any consideration or concession in any form (including providing any letter of credit, guaranty or other financial accommodation) to any Person in order to cause any Transfer Limitation to be satisfied (other than reasonable out-of-pocket expenses, attorneys' fees and expenses and recording or similar fees, in each case of a third-party counterparty that are incurred in connection with satisfying the applicable Transfer Limitation); <u>provided</u>, that each Party shall be responsible for its own reasonable out-of-pocket expenses and attorneys' fees and expenses and the Receiving Party entitled to such Asset or required to assume such Liability, as applicable, shall be responsible for recording or similar fees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Without limiting any other provision hereof, each of Parent and SpinCo will take, and will cause each member of its Group to take, such actions as Parent determines are reasonably necessary to consummate or evidence the Restructuring (whether prior to, at or after the Distribution, as applicable). The Parties agree that the manner in which the Restructuring has been or will be implemented is solely at the discretion of Parent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Notwithstanding anything herein to the contrary, but subject to <u>Article III</u>, in the event that Parent determines to seek a novation or assignment and release with respect to any SpinCo Liability, SpinCo shall cooperate with, and shall cause the other members of the SpinCo Group to cooperate with, Parent and the other members of the Parent Group (including, where necessary, entering into appropriate instruments of assumption subject to the last sentence of <u>Section</u> <u>2.05</u> and, where necessary, SpinCo providing parent guarantees in support of the obligations of other members of the SpinCo Group) to cause such novation or assignment and release to be obtained, on terms reasonably acceptable to Parent, and to have Parent and the other members of the Parent Group released from all Liabilities to third parties and, in the event SpinCo determines to seek a novation or assignment and release with respect to any Parent Liability, Parent shall cooperate with, and shall cause the other members of the Parent Group to cooperate with, SpinCo and the other members of the SpinCo Group (including, where necessary, entering into appropriate instruments of assumption subject to the last sentence of <u>Section</u> <u>2.05</u> and, where necessary, Parent providing parent guarantees in support of the obligations of other members of the Parent Group) to cause such novation or assignment and release to be obtained, on terms reasonably acceptable to SpinCo, and to have SpinCo and the other members of the SpinCo Group released from all Liabilities to third parties; <u>provided</u>, that, neither Party nor any other member of its Group shall be required to contribute capital, pay or grant any consideration or concession in any form (including providing any letter of credit, guaranty or other financial accommodation, except as provided in this <u>Section</u> <u>2.01(h)</u>) to any Person in order to cause such novation or assignment and release to be obtained (other than reasonable out-of-pocket expenses, attorneys' fees and expenses and recording or similar fees, in each case of a third-party counterparty that are incurred in connection with the applicable novation or assignment and release).

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Section 2.02 <u>Priority of Agreements</u>. Each of Parent and SpinCo agrees on behalf of itself and the members of its Group that, except as explicitly provided in this Agreement or any Ancillary Agreement, (a) in the event of any conflict between the terms of this Agreement and the Tax Matters Agreement, the Tax Matters Agreement will govern with respect to all matters relating to Taxes and Tax Returns and (b) in the event of any conflict between the terms of this Agreement and the Employee Matters Agreement, the Employee Matters Agreement will govern with respect to all matters relating to employee and employee compensation and benefits-related matters. Except as set forth in the immediately preceding sentence in respect of matters governed exclusively by the Ancillary Agreements, in the event and to the extent that there shall be a conflict between the provisions of this Agreement and the provisions of any Ancillary Agreement, the provisions of this Agreement shall control (unless this Agreement or the applicable Ancillary Agreement explicitly provides otherwise in respect of such conflict).

Section 2.03 <u>Termination of</u> <u>Intercompany Arrangements</u> <u>and Intercompany Accounts; Payments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as set forth in <u>Section</u> <u>2.03(b)</u> or <u>Section</u> <u>2.03(c)</u>, in furtherance of the releases and other provisions of <u>Section</u> <u>6.01</u>, effective as of the Distribution, the Parties agree that any and all Intercompany Arrangements (including any intercompany accounts payable or accounts receivable in effect or accrued thereunder ("<u>Intercompany Accounts</u>")) that are in existence as of the Distribution Date, shall be deemed terminated; <u>provided</u>, <u>however</u>, that if more than one member of any Party's Group is party to an Intercompany Arrangement, such Intercompany Arrangement shall continue in full force and effect as between the members of such Group and shall be terminated only as between such Group members that are party thereto, on the one hand, and the members of the other Party's Group that are party thereto, on the other hand. No such terminated Intercompany Arrangement or Intercompany Account (including any provision thereof that purports to survive termination) shall be of any further force or effect after the Distribution Date. Each Party shall, at the reasonable request of the other Party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing. The Parties, on behalf of the members of their respective Groups, hereby waive any advance notice provision or other termination requirements or conditions with respect to any Intercompany Arrangement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In connection with the termination of Intercompany Accounts described in <u>Section</u> <u>2.03(a)</u>, each of Parent and SpinCo shall cause each Intercompany Account between a member of the SpinCo Group, on the one hand, and a member of the Parent Group, on the other hand, outstanding as of the close of business on the business day immediately prior to the date of the Distribution to be settled in the manner provided on <u>Section</u> <u>2.03(c)</u> <u>of the Disclosure Letter</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Parent and SpinCo agree to take, or cause the respective members of their respective Groups to take, prior to the Distribution (or as promptly as reasonably practicable thereafter), all actions necessary to amend all contracts or agreements governing (x) the Parent Accounts so that such Parent Accounts, if linked (whether by automatic withdrawal, automatic deposit or any other authorization to transfer funds from or to, hereinafter "<u>linked</u>") to any SpinCo Account, are de-linked from such SpinCo Accounts and (y) the SpinCo Accounts so that such SpinCo Accounts, if linked to any Parent Account, are de-linked from such Parent Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) With respect to any outstanding checks or wire transfers issued by, or payments made by, Parent, SpinCo or any of their respective Subsidiaries prior to the Distribution, such outstanding checks, wire transfers or payments shall be honored from and after the Distribution by the Person or Group owning the account on which the check is drawn, or the wire transfer or payment is made, without limiting the ultimate allocation of Liability for such amounts under this Agreement or any Ancillary Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Except to the extent prohibited by applicable Law or a Final Determination, the Parties contemplate that, from time to time after the Distribution Date, a member of the Parent Group or of the SpinCo Group, as applicable (any such party, the "<u>Paying Party</u>"), as a convenience to a member of the SpinCo Group or of the Parent Group, as applicable (the "<u>Responsible Party</u>"), or inadvertently, may make certain payments that are properly the responsibility of the Responsible Party (whether pursuant to this Agreement or otherwise) (any such payment made, a "<u>Disbursement</u>," and the underlying invoice or similar documentation evidencing such obligation, a "<u>Disbursement Invoice</u>"). Similarly, from time to time after the Distribution Date, a member of the Parent Group or the SpinCo Group, as applicable (any such party, the "<u>Collecting Party</u>"), may receive from third parties certain payments to which a member of the SpinCo Group or of the Parent Group, as applicable, is entitled, including payments made inadvertently (any such party, the "<u>Disbursement Receiving Party</u>," and any such payment received, a "<u>Receipt</u>"). Accordingly, with respect to Disbursements and Receipts, the Parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) <u>Disbursements</u>. The Responsible Party shall pay to the Paying Party an amount equal to the amount of such Disbursement, plus any out-of-pocket costs incurred by the Paying Party related to the processing and payment of such Disbursement (including any bank charges), all of which shall be invoiced or, if applicable, settled in accordance with <u>Section</u> <u>11.06</u> <u>of the Disclosure Letter</u>, except as otherwise provided in this <u>Section</u> <u>2.03(d)(iii)</u> (including with respect to the time periods specified herein). A Paying Party shall provide such Disbursement Invoices for which it is seeking reimbursement as the Responsible Party may reasonably request.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) <u>Receipts</u>. A Collecting Party shall remit Receipts monthly in arrears to the Disbursement Receiving Party in an amount equal to the aggregate amount of such Receipts <u>minus</u> any out-of-pocket costs incurred by the Collecting Party related to the collection and processing of such Receipts (including any bank charges), all of which shall be paid in accordance with <u>Section</u> <u>11.06</u> <u>of the Disclosure Letter</u> (or deducted from any amount to be reimbursed to the Collecting Party at such time under this <u>Section</u> <u>2.03(d)(iii)</u>, if applicable), except as otherwise provided in this <u>Section</u> <u>2.03(d)(iii)</u> (including with respect to the time periods specified herein).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) <u>Certain Exceptions</u>. If, with respect to any particular transaction(s), it is impracticable under the circumstances to comply with the procedures set forth in this <u>Section</u> <u>2.03(d)(iii)</u> (including the time periods specified herein), the Parties shall cooperate to find a mutually agreeable alternative that shall achieve substantially similar economic results; <u>provided</u>, <u>however</u>, that, notwithstanding anything to the contrary in <u>Section</u> <u>11.06</u> <u>of the Disclosure Letter</u>, if a Collecting Party cannot comply with the procedures set forth in <u>Section</u> <u>2.03(d)(iii)</u><u>(2)</u> because it does not become aware of a Receipt on behalf of the Disbursement Receiving Party in time (*e.g.*, because of the commingling of funds in an account), such Collecting Party shall remit such Receipt without interest thereon to the Disbursement Receiving Party within ten (10) business days after it becomes aware of such Receipt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each of Parent and SpinCo shall, and shall cause the members of their respective Groups to, take all necessary actions to remove each of SpinCo and SpinCo's Subsidiaries from all Cash Management Arrangements to which it is a party, in each case prior to the close of business on the business day immediately prior to the Distribution Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Parties shall take the actions set forth on <u>Section</u> <u>2.03(f) of the Disclosure Letter</u>.

Section 2.04 <u>Shared Contracts</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as set forth on <u>Section</u> <u>2.04</u> <u>of the Disclosure Letter</u> and subject to the other provisions of <u>Section</u> <u>2.01(d)</u> and <u>Article III</u>, the Parties shall, and shall cause the members of their respective Groups to, use their respective reasonable best efforts to work together in an effort to divide, partially assign, modify or replicate (in whole or in part) the respective rights and obligations under and in respect of any Shared Contract, in each case as Parent shall determine in its sole discretion, such that (i) a member of the SpinCo Group is the beneficiary of the rights and is responsible for the obligations related to the SpinCo Portion of a Shared Contract, which rights shall be a SpinCo Asset and which obligations shall be a SpinCo Liability, and (ii) a member of the Parent Group is the beneficiary of the rights and is responsible

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for the obligations related to the Parent Portion of a Shared Contract, which rights shall be a Parent Asset and which obligations shall be a Parent Liability. Nothing in this Agreement shall require the division, partial assignment, modification or replication of a Shared Contract unless and until any necessary Consents are obtained or made, as applicable. If the Parties, or their respective Group members, as applicable, are not able to enter into an arrangement to formally divide, partially assign, modify or replicate such Shared Contract prior to the Distribution as contemplated by the immediately preceding sentence, and subject to the other provisions of this <u>Section</u> <u>2.04</u>, then SpinCo shall, and shall cause its Group members to, cooperate in any reasonable and permissible arrangement as determined by Parent in its sole discretion to provide that, following the Distribution, a member of the SpinCo Group shall receive the interest in the benefits and obligations of the SpinCo Portion under such Shared Contract and a member of the Parent Group shall receive the interest in the benefits and obligations of the Parent Portion under such Shared Contract, it being understood that no Party shall have Liability to the other Party for the failure of any third party to perform its obligations under any such Shared Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Nothing in this <u>Section</u> <u>2.04</u> shall require either Party or any member of its Group to contribute capital, pay or grant any consideration or concession in any form (including providing any letter of credit, guaranty or other financial accommodation) to any Person (other than reasonable out-of-pocket expenses, attorneys' fees and expenses and recording or similar fees, in each case of a third-party counterparty to a Shared Contract that are incurred in connection with the applicable division, partial assignment, modification or replication of such Shared Contract); <u>provided</u>, that each Party shall be responsible for its own reasonable out-of-pocket expenses and attorneys' fees and expenses and the member of the Party's Group entitled to such Asset or intended to assume such Liability shall be responsible for recording or similar fees.

Section 2.05 <u>Disclaimer of Representations and Warranties</u>. Each of Parent (on behalf of itself and each other member of the Parent Group) and SpinCo (on behalf of itself and each other member of the SpinCo Group) understands and agrees that, except as expressly set forth in this Agreement, any Ancillary Agreement or the Representation Letters, no party to this Agreement, any Ancillary Agreement or any other agreement or document contemplated by this Agreement or any Ancillary Agreement is representing or warranting in any way as to any Assets or Liabilities transferred or assumed as contemplated hereby or thereby, as to the sufficiency of the Assets or Liabilities transferred, conveyed, accepted or assumed hereby or thereby, as applicable, as to any notices, Governmental Approvals or other Consents required in connection therewith or in connection with any past transfers of the Assets or assumptions of the Liabilities, as to the value or freedom from any Liens of, or any other matter concerning, any Assets or Liabilities of such party, or as to the absence of any defenses or rights of set-off or freedom from counterclaim with respect to any claim or other Asset, including any accounts receivable, of any such party, or as to the legal sufficiency of any assignment, document or instrument delivered hereunder to convey title to any Asset or thing of value upon the execution, delivery and filing hereof or thereof, and each of Parent (on behalf of itself and each other member of the Parent Group) and SpinCo (on behalf of itself and each other member of the SpinCo Group) has relied only on the representations and warranties expressly contained in <u>Section</u> <u>11.01(c)</u>, in any Ancillary Agreement or the Representation Letters. Except as may expressly be set forth herein or in any Ancillary Agreement, any such Assets are being transferred on an "as is," "where is," "with all faults" basis and the respective transferees shall bear the economic and legal risks that (a) any conveyance shall prove to be insufficient to vest in the transferee good and marketable

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title, free and clear of any Liens and (b) any necessary notices, Governmental Approvals or other Consents are not delivered or obtained, as applicable, or that any requirements of Laws or judgments are not complied with. To the extent any Local Transfer Agreement, Real Estate Separation Document or any other instrument, assignment, document or agreement described in <u>Section</u> <u>2.01</u> includes representations, warranties, covenants, indemnities or other provisions inconsistent with the purpose of this <u>Section</u> <u>2.05</u>, each of SpinCo, on behalf of itself and the SpinCo Group, and Parent, on behalf of itself and the Parent Group, hereby waives and agrees not to enforce such provisions.

Section 2.06 <u>Waiver of Bulk-Sale and Bulk-Transfer Laws</u>. SpinCo hereby waives compliance by each and every member of the Parent Group with the requirements and provisions of any "bulk-sale" or "bulk-transfer" Laws of any jurisdiction that may otherwise be applicable with respect to the transfer or sale of any or all of the SpinCo Assets to any member of the SpinCo Group. Parent hereby waives compliance by each and every member of the SpinCo Group with the requirements and provisions of any "bulk-sale" or "bulk-transfer" Laws of any jurisdiction that may otherwise be applicable with respect to the transfer or sale of any or all of the Parent Assets to any member of the Parent Group.

**ARTICLE III** 

**CREDIT SUPPORT** 

Section 3.01 <u>Replacement of Parent Credit Support</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) SpinCo shall use reasonable best efforts to arrange, at its sole cost and expense and effective as soon as reasonably practicable after the date hereof and in any event within one hundred and twenty (120) days after the Distribution Date, the termination or replacement of all guarantees, bank provided guarantees, covenants, indemnities, surety bonds, letters of credit, comfort letters, or similar assurances of credit support ("<u>Credit Support Instruments</u>") provided by, through or on behalf of any member of the Parent Group for the benefit of any member of the SpinCo Group or providing credit support for a SpinCo Contract ("<u>Parent Credit Support Instruments</u>"), with alternate arrangements that do not require any Credit Support Instruments or other credit support from any member of the Parent Group. SpinCo shall use reasonable best efforts to obtain from the beneficiaries of such Credit Support Instruments full written releases providing that such member of the Parent Group, as well as all related members of the Parent Group liable, directly or indirectly, for obligations to a counterparty in connection with such Credit Support Instruments, will have no liability with respect to such Parent Credit Support Instruments. Such alternative arrangements and releases shall, in each case, be in form and substance reasonably satisfactory to Parent. Notwithstanding the foregoing, if any Parent Credit Support Instrument has not been terminated or replaced, or for which release from such Parent Credit Support Instrument pursuant to this <u>Section</u> <u>3.01(a)</u> has not been obtained within one hundred and twenty (120) days after the Distribution Date, SpinCo shall continue to use reasonable best efforts to arrange, at its sole cost and expense and effective as soon as practicable thereafter, the termination, replacement or assumption (with full release) of such Parent Credit Support Instruments.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In furtherance of <u>Section</u> <u>3.01(a)</u>, to the extent required to obtain the termination or replacement of a removal or release from a Parent Credit Support Instrument, SpinCo or an appropriate member of the SpinCo Group shall execute an agreement substantially in the form of such existing Parent Credit Support Instrument or such other form as is agreed to by the relevant parties to such agreement, except to the extent that such existing Parent Credit Support Instrument contains representations, covenants or other terms or provisions (i) with which SpinCo or the appropriate member of the SpinCo Group would be reasonably unable to comply or (ii) which would be reasonably expected to be breached by SpinCo or the appropriate member of the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For any Parent Credit Support Instrument that has not been terminated or replaced, or for which releases from such Parent Credit Support Instrument pursuant to <u>Section</u> <u>3.01(a)</u> and <u>Section</u> <u>3.01(b)</u> have not been obtained, (i) without limiting SpinCo's obligations under <u>Article VI</u>, SpinCo shall, from and after the Distribution, (x) pay directly to the guarantor, obligor or surety issuing such Parent Credit Support Instrument any and all Liabilities, fees, costs and any other amounts incurred in connection with such Parent Credit Support Instrument promptly following a written demand by Parent following the incurrence of such Liabilities, fees, costs and other amounts, (y) where a member of the Parent Group is required to pay such losses directly to the counterparty, advance such loss amounts to Parent (or, at Parent's election, another member of the Parent Group) prior to such member of the Parent Group's requirement to pay and (z) indemnify, defend and hold harmless each member of the Parent Group against, and reimburse such member of the Parent Group for, all Liabilities, fees, costs and any other amounts paid by such member of the Parent Group in connection with such Parent Credit Support Instrument, including any premiums due under such Parent Credit Support Instrument and any amounts such member of the Parent Group is obligated to pay the guarantor, obligor, surety issuing such Parent Credit Support Instrument whether or not such Parent Credit Support Instrument is drawn upon or required to be performed, (ii) with respect to any such Parent Credit Support Instrument that is in the form of a letter of credit, surety bond or bank guarantee, SpinCo shall provide the applicable member(s) of the Parent Group with letters of credit or guarantees, in each case issued by a bank reasonably acceptable to Parent, against losses arising from such Parent Credit Support Instrument or, if Parent agrees in writing, cash collateralize the full amount of such Parent Credit Support Instrument with respect to which such release has not been obtained and (iii) except as set forth on <u>Section</u> <u>3.01(d) of the Disclosure Letter</u>, with respect to such Parent Credit Support Instrument, each of Parent and SpinCo, on behalf of themselves and the members of each of their respective Groups, agrees, except as otherwise expressly required by the terms of a Contract with a third party in effect as of the Distribution, not to renew or extend the term of (or, in the case of instruments subject to automatic renewal, fail to take such actions as are authorized under such instrument to prevent such automatic renewal), or increase any of its obligations under any loan, guarantee, lease, sublease, license, Contract or other obligation for which the other Party or any member of the other Party's Group is or may be liable under such Parent Credit Support Instrument unless all obligations of the other Party and the other members of the other Party's Group with respect thereto are thereupon terminated with a full release by documentation reasonably satisfactory in form and substance to the other Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding anything to the contrary in this <u>Section</u> <u>3.01</u>, the Parent Credit Support Instruments listed on <u>Section</u> <u>3.01(d) of the Disclosure Letter</u> shall be addressed in the manner provided on <u>Section</u> <u>3.01(d) of the Disclosure Letter</u>.

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Section 3.02 <u>Replacement of SpinCo Credit Support</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Parent shall use reasonable best efforts to arrange, at its sole cost and expense and effective as soon as reasonably practicable after the date hereof and in any event within one hundred and twenty (120) days after the Distribution Date, the termination or replacement of all Credit Support Instruments provided by, through or on behalf of any member of the SpinCo Group for the benefit of any member of the Parent Group or providing credit support for a Contract of Parent or its Subsidiary other than a SpinCo Contract ("<u>SpinCo Credit Support</u> <u>Instruments</u>"), with alternate arrangements that do not require any Credit Support Instruments or other credit support from any member of the SpinCo Group. Parent shall use reasonable best efforts to obtain from the beneficiaries of such Credit Support Instruments full written releases providing that such member of the SpinCo Group, as well as all related members of the SpinCo Group liable, directly or indirectly, for obligations to a counterparty in connection with such Credit Support Instruments, will have no liability with respect to such SpinCo Credit Support Instruments. Such alternative arrangements and releases shall, in each case, be in form and substance reasonably satisfactory to SpinCo. Notwithstanding the foregoing, if any SpinCo Credit Support Instrument has not been terminated or replaced, or for which release from such SpinCo Credit Support Instrument pursuant to this <u>Section</u> <u>3.02(a)</u> has not been obtained within one hundred and twenty (120) days after the Distribution Date, Parent shall continue to use reasonable best efforts to arrange, at its sole cost and expense and effective as soon as practicable thereafter, the termination, replacement or assumption (with full release) of such SpinCo Credit Support Instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In furtherance of <u>Section</u> <u>3.02(a)</u>, to the extent required to obtain the termination or replacement of a removal or release from a SpinCo Credit Support Instrument, Parent or an appropriate member of the Parent Group shall execute an agreement substantially in the form of such existing SpinCo Credit Support Instrument or such other form as is agreed to by the relevant parties to such agreement, except to the extent that such existing SpinCo Credit Support Instrument contains representations, covenants or other terms or provisions (i) with which Parent or the appropriate member of the Parent Group would be reasonably unable to comply or (ii) which would be reasonably expected to be breached by Parent or the appropriate member of the Parent Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For any SpinCo Credit Support Instrument that has not been terminated or replaced, or for which releases from such SpinCo Credit Support Instrument pursuant to <u>Section</u> <u>3.02(a)</u> and <u>Section</u> <u>3.02(b)</u> have not been obtained, (i) without limiting Parent's obligations under <u>Article VI</u>, Parent shall, from and after the Distribution, (x) pay directly to the guarantor, obligor or surety issuing such SpinCo Credit Support Instrument any and all Liabilities, fees, costs and any other amounts incurred in connection with such SpinCo Credit Support Instrument promptly following a written demand by SpinCo following the incurrence of such Liabilities, fees, costs and other amounts, (y) where a member of the SpinCo Group is required to pay such losses directly to the counterparty, advance such loss amounts to SpinCo (or, at SpinCo's election, another member of the SpinCo Group) prior to such member of the SpinCo Group's requirement to pay and (z) indemnify, defend and hold harmless each member of the SpinCo Group against, and reimburse such member of the SpinCo Group for, all Liabilities, fees, costs and any other amounts paid by such member of the SpinCo Group in connection with such SpinCo Credit Support Instrument, including any premiums due under such SpinCo Credit Support Instrument and any amounts such member of the SpinCo Group is obligated to pay the guarantor,

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obligor or surety issuing such SpinCo Credit Support Instrument whether or not such SpinCo Credit Support Instrument is drawn upon or required to be performed, (ii) with respect to any such SpinCo Credit Support Instrument that is in the form of a letter of credit, surety bond or bank guarantee, Parent shall provide the applicable member(s) of the SpinCo Group with letters of credit or guarantees, in each case issued by a bank reasonably acceptable to SpinCo, against losses arising from such SpinCo Credit Support Instrument or, if SpinCo agrees in writing, cash collateralize the full amount of such SpinCo Credit Support Instrument with respect to which such release has not been obtained and (iii) except as set forth on <u>Section</u> <u>3.02(d) of the Disclosure Letter</u>, with respect to such SpinCo Credit Support Instrument, each of Parent and SpinCo, on behalf of themselves and the members of each of their respective Groups, agrees, except as otherwise expressly required by the terms of a Contract with a third party in effect as of the Distribution, not to renew or extend the term of (or, in the case of instruments subject to automatic renewal, fail to take such actions as are authorized under such instrument to prevent such automatic renewal), or increase any of its obligations under any loan, guarantee, lease, sublease, license, Contract or other obligation for which the other Party or any member of the other Party's Group is or may be liable under such SpinCo Credit Support Instrument unless all obligations of the other Party and the other members of the other Party's Group with respect thereto are thereupon terminated with a full release by documentation reasonably satisfactory in form and substance to the other Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding anything to the contrary in this <u>Section</u> <u>3.02</u>, the SpinCo Credit Support Instruments listed on <u>Section</u> <u>3.02(d) of the Disclosure Letter</u> shall be addressed in the manner provided on <u>Section</u> <u>3.02(d) of the Disclosure Letter</u>.

**ARTICLE IV** 

**ACTIONS PENDING THE DISTRIBUTION** 

Section 4.01 <u>Actions Prior to the Distribution</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the conditions specified in <u>Section</u> <u>4.02</u> and subject to <u>Section</u> <u>5.03</u>, Parent and SpinCo shall use reasonable best efforts to consummate the Distribution. Such efforts shall include taking the actions specified in this <u>Section</u> <u>4.01</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Prior to the Distribution, Parent shall mail the Notice of Internet Availability of the Information Statement or the Information Statement to the Record Holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) SpinCo shall prepare, file with the Commission and use its reasonable best efforts to cause to become effective any registration statements or amendments thereto required to effect the establishment of, or amendments to, any employee benefit and other plans necessary or appropriate in connection with the transactions contemplated by this Agreement or any of the Ancillary Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Parent and SpinCo shall take all such action as may be necessary or appropriate under the securities or blue sky laws of the states or other political subdivisions of the United States or of other foreign jurisdictions in connection with the Distribution.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) SpinCo shall prepare and file, and shall use reasonable best efforts to have approved prior to the Distribution, an application for the listing of the SpinCo Stock to be distributed in the Distribution on the Exchange, subject to official notice of distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Prior to the Distribution, Parent, in its capacity as sole stockholder of SpinCo, shall have duly elected to the board of directors of SpinCo the individuals listed as members of the board of directors of SpinCo in the Information Statement, and such individuals shall be the members of the board of directors of SpinCo effective as of immediately after the Distribution; <u>provided</u>, <u>however</u>, that to the extent required by any Law or requirement of the Exchange or any other national securities exchange, as applicable, one independent director shall be appointed by the existing board of directors of SpinCo prior to the date on which "when-issued" trading of the SpinCo Stock begins on the Exchange and begin his or her term prior to the Distribution and shall serve on SpinCo's Audit Committee, Compensation and Human Resources Committee and Nominating and Governance Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Prior to the Distribution, Parent shall deliver or cause to be delivered to SpinCo resignations, effective as of immediately after the Distribution, of each individual who will be an employee of any member of the Parent Group after the Distribution and who is an officer or director of any member of the SpinCo Group immediately prior to the Distribution (or shall otherwise cause such individuals to be removed as officers or directors, as applicable, of such SpinCo Group members), other than any individual expressly contemplated by the Information Statement to remain a director of SpinCo following the Distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Immediately prior to the Distribution, the Memorandum and Articles of Association of SpinCo, in substantially the form filed as an exhibit to the Form 10, shall be in effect.

Section 4.02 <u>Conditions Precedent to Consummation of the Distribution</u>. Subject to <u>Section</u> <u>5.03</u>, as soon as practicable after the date of this Agreement, the Parties shall use reasonable best efforts to satisfy the following conditions prior to the consummation of the Distribution. The obligations of the Parties to consummate the Distribution shall be conditioned on the satisfaction, or waiver by Parent, of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The board of directors of Parent shall have ratified, authorized and approved the Contribution and Distribution and not withdrawn such authorization and approval, and shall have declared the dividend of SpinCo Stock to Parent stockholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Master Ancillary Agreement shall have been executed by each party to such agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The SpinCo Stock shall have been accepted for listing on the Exchange or another national securities exchange approved by Parent, subject to official notice of issuance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Commission shall have declared effective the Form 10, no stop order suspending the effectiveness of the Form 10 shall be in effect and no proceedings for that purpose shall be pending before or threatened by the Commission.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Parent shall have received the written opinion of Paul, Weiss, Rifkind, Wharton & Garrison LLP, which shall remain in full force and effect, that, subject to the accuracy of and compliance with the relevant Representation Letters, the Distribution will qualify for its Intended Tax Treatment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Parent shall have received the written opinion of a nationally recognized accounting firm, which shall remain in full force and effect, that, subject to the accuracy of and compliance with the relevant Representation Letters, the Distribution should qualify for its Intended Tax Treatment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Separation Transactions shall have been completed to the satisfaction of Parent (other than those steps that are expressly contemplated to occur at or after the Distribution).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) No order, injunction or decree issued by any Governmental Authority of competent jurisdiction or other applicable legal restraint or prohibition preventing the consummation of the Distribution shall be in effect, and no other event outside the control of Parent shall have occurred, or failed to occur, that prevents the consummation of the Distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) No other events or developments shall have occurred prior to the Distribution that, in the judgment of the board of directors of Parent, in its sole and absolute discretion, makes it inadvisable to effect the Distribution or any other Separation Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) The actions set forth in <u>Sections</u> <u>4.01(b)</u>, <u>(e)</u>, <u>(f)</u>, <u>(g)</u> and <u>(h)</u> shall have been completed.

The foregoing conditions are for the sole benefit of Parent and shall not give rise to or create any duty on the part of Parent or the board of directors of Parent to waive, or not waive, such conditions or in any way limit the right of Parent to terminate this Agreement as set forth in <u>Article</u> <u>X</u> or alter the consequences of any such termination from those specified in such Article. Any determination made by the board of directors of Parent prior to the Distribution concerning the satisfaction or waiver of any or all of the conditions set forth in this <u>Section</u> <u>4.02</u> shall be conclusive.

**ARTICLE V** 

**THE DISTRIBUTION** 

Section 5.01 <u>The Distribution</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) SpinCo shall cooperate with Parent to accomplish the Distribution and shall, at the direction of Parent, use its reasonable best efforts to promptly take any and all actions reasonably necessary, customary or advisable to effect the Distribution, including any Customary Offering Actions. Parent shall select any investment bank or manager in connection with the Distribution as well as any financial printer, solicitation, exchange or distribution agent and financial, legal, accounting, tax and other advisors for Parent in connection with the Distribution. Parent or SpinCo, as the case may be, will provide, or cause the applicable member of its Group to provide, to the Agent all share certificates and any information required in order to complete the Distribution (provided that any information required to be provided under this <u>Section</u> <u>5.01(a)</u> shall be subject to <u>Section</u> <u>7.09</u>).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to the terms and conditions set forth in this Agreement, (i) after completion of the Separation Transactions (other than those steps that are expressly contemplated to occur at or after the Distribution) and on or prior to the Distribution Date, for the benefit of and distribution to the holders of Parent Stock as of the Record Date ("<u>Record Holders</u>"), Parent will deliver to the Agent 100.0% of the issued and outstanding shares of SpinCo Stock held by Parent and book-entry authorizations for such shares and (ii) on the Distribution Date, Parent shall instruct the Agent to distribute, by means of a <u>pro</u> <u>rata</u> dividend based on the aggregate number of shares of Parent Stock held by each applicable Record Holder, to each Record Holder (or such Record Holder's bank or brokerage firm on such Record Holder's behalf) electronically, by direct registration in book-entry form, the number of shares of SpinCo Stock to which such Record Holder is entitled based on a distribution ratio determined by Parent in its sole discretion. The Distribution shall be effective at 12:01 a.m. New York City time on the Distribution Date. Parent shall, on or as soon as practicable after the Distribution Date, instruct the Agent to mail to each Record Holder (or otherwise transmit in accordance with the Agent's regular practices) an account statement indicating the number of shares of SpinCo Stock that have been registered in book-entry form in the name of such Record Holder.

Section 5.02 <u>Fractional Shares</u>. Record Holders holding a number of shares of Parent Stock on the Record Date that would entitle such holders to receive less than one whole share of SpinCo Stock in the Distribution will receive cash in lieu of such fractional share. Fractional shares of SpinCo Stock will not be distributed in the Distribution nor credited to book-entry accounts. Parent shall cause the Agent to, as soon as practicable after the date on which "when-issued" trading of the SpinCo Stock begins on the Exchange, (a) determine the number of whole shares and fractional shares of SpinCo Stock allocable to each Record Holder and (b) aggregate all fractional shares into whole shares and sell the whole shares obtained thereby in open market transactions at then prevailing trading prices on behalf of holders who would otherwise be entitled to fractional share interests. Parent shall cause the Agent to, as soon as practicable after the Distribution Date, distribute to each such holder, or for the benefit of each beneficial owner, such holder's or owner's ratable share of the net proceeds of such sale, based upon the average gross selling price per share of SpinCo Stock after making appropriate deductions for any amount required to be withheld under applicable Tax Law and less any brokers' charges, commissions or transfer Taxes. The Agent, in its sole discretion, will determine the timing and method of selling such fractional shares, the selling price of such fractional shares and the broker-dealer through which such fractional shares will be sold; <u>provided</u>, <u>however</u>, that the designated broker-dealer shall not be an Affiliate of Parent or SpinCo. Neither Parent nor SpinCo will pay any interest on the proceeds from the sale of fractional shares.

Section 5.03 <u>Sole Discretion of</u> <u>Parent</u>. Parent shall, in its sole and absolute discretion, determine the Record Date, the Distribution Date and all terms of the Distribution, including the form, structure and terms of any transactions or offerings to effect the Distribution and the timing of and conditions to the consummation thereof. In addition, and notwithstanding anything to the contrary set forth below, Parent may at any time and from time to time until the consummation of all or part of the Distribution decide to abandon the Distribution or modify or change the form, structure or terms of any transactions or offerings to effect the Distribution, including by accelerating or delaying the timing of the consummation of all or part of the Distribution. Any determinations regarding the allocation of Assets, Liabilities or rights under this Agreement or under any Ancillary Agreement, including the identification of Assets or Liabilities for allocation hereunder or thereunder, and the application of standards for such allocation, shall be made by Parent in its sole and absolute discretion.

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**ARTICLE VI** 

**MUTUAL RELEASES; INDEMNIFICATION** 

Section 6.01 <u>Release of Pre-Distribution Claims</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as provided in <u>Section</u> <u>6.01(c)</u> or elsewhere in this Agreement or the Ancillary Agreements, effective as of the Distribution, SpinCo does, for itself and each other member of the SpinCo Group as of the Distribution (including, for the avoidance of doubt, any member of the SpinCo Group the equity interests of which are subject to <u>Section</u> <u>2.01(d)</u>, their respective Affiliates as of the Distribution, and to the extent it may legally do so, its and their successors and assigns, and all Persons who at any time on or prior to the Distribution have been stockholders, fiduciaries, directors, trustees, counsel, officers, members, managers, employees, agents, insurers, re-insurers, administrators, representatives, including legal representatives, or employee retirement or benefit plans (and the trustees, administrators, fiduciaries, agents, representatives, insurers and re-insurers of such plans) of any member of the SpinCo Group (in each case, solely in their respective capacities as such), hereby remise, release and forever discharge Parent and the other members of the Parent Group, their respective Affiliates, successors and assigns, and all Persons who at any time on or prior to the Distribution have been stockholders, fiduciaries, directors, trustees, counsel, officers, members, managers, employees, agents, insurers, re-insurers, administrators, representatives, including legal representatives, or employee retirement or benefit plans (and the trustees, administrators, fiduciaries, agents, representatives, insurers and re-insurers of such plans) of any member of the Parent Group (in each case, solely in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns, from any and all Liabilities whatsoever, whether at Law or in equity (including any right of contribution), whether arising under any Contract, by operation of Law or otherwise, existing or arising from any acts or events occurring, or failing to occur, or alleged to have occurred, or to have failed to occur, or any conditions existing or alleged to have existed on or before the Distribution, including in connection with the Spin-Off and all other activities to implement the Spin-Off. For the avoidance of doubt, Parent's indemnification obligations with respect to Liabilities arising on or before the Distribution Date under <u>Article</u> <u>38</u> of its Articles, to the extent relating to the SpinCo Business, shall not be limited by this <u>Section</u> <u>6.01(a)</u>, but shall constitute SpinCo Liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as provided in <u>Section</u> <u>6.01(c)</u> or elsewhere in this Agreement or the Ancillary Agreements, effective as of the Distribution, Parent does, for itself and each other member of the Parent Group as of the Distribution, their respective Affiliates as of the Distribution, and to the extent it may legally do so, its and their successors and assigns, and all Persons who at any time on or prior to the Distribution have been stockholders, fiduciaries, directors, trustees, counsel, officers, members, managers, employees, agents, insurers, re-insurers, administrators, representatives, including legal representatives, or employee retirement or benefit

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plans (and the trustees, administrators, fiduciaries, agents, representatives, insurers and re-insurers of such plans) of any member of the Parent Group (in each case, solely in their respective capacities as such), hereby remise, release and forever discharge SpinCo, the other members of the SpinCo Group, their respective Affiliates, successors and assigns, and all Persons who at any time on or prior to the Distribution have been stockholders, fiduciaries, directors, trustees, counsel, officers, members, managers, employees, agents, insurers, re-insurers, administrators, representatives, including legal representatives, or employee retirement or benefit plans (and the trustees, administrators, fiduciaries, agents, representatives, insurers and re-insurers of such plans) of any member of the SpinCo Group (in each case, solely in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns, from any and all Liabilities whatsoever, whether at Law or in equity (including any right of contribution), whether arising under any Contract, by operation of Law or otherwise, existing or arising from any acts or events occurring, or failing to occur, or alleged to have occurred, or to have failed to occur, or any conditions existing, or alleged to have existed, on or before the Distribution, including in connection with the Spin-Off and all other activities to implement the Spin-Off.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Nothing contained in <u>Section</u> <u>6.01(a)</u> or <u>(b)</u> shall impair any right of any Person to enforce this Agreement, any Ancillary Agreement or any Intercompany Arrangement or Intercompany Account that is specified in <u>Section</u> <u>2.03(b)</u> not to terminate as of the Distribution, in each case in accordance with its terms. Nothing contained in <u>Section</u> <u>6.01(a)</u> or <u>(b)</u> shall release:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any Person from any Liability provided in or resulting from any Contract among any members of the Parent Group or the SpinCo Group that is specified in <u>Section</u> <u>2.03(b)</u> as not to terminate as of the Distribution, or any other Liability specified in such <u>Section</u> <u>2.03(b)</u> as not to terminate as of the Distribution;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any Person from any Liability, contingent or otherwise, assumed, transferred, assigned or allocated to the Group of which such Person is a member in accordance with, or any other Liability of any member of any Group under, this Agreement or any Ancillary Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any Person from any Liability provided in or resulting from any other Contract that is entered into after the Distribution between one Party (or a member of such Party's Group), on the one hand, and the other Party (or a member of such Party's Group), on the other hand;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any Party (or any member of its Group) from any Liability that such Party (or any member of its Group) may have to directors, officers, agents or employees under indemnification or similar agreements or arrangements, except to the extent referred to in the last sentence of <u>Section</u> <u>6.01(a)</u>; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) any employee from any Liability relating to, arising out of or resulting from such Person's fraud, embezzlement or misappropriation of Intellectual Property.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) SpinCo shall not make, and shall cause each other member of the SpinCo Group not to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification, against Parent or any other member of the Parent Group, or any other Person released pursuant to <u>Section</u> <u>6.01(a)</u>, with respect to any Liabilities released pursuant to <u>Section</u> <u>6.01(a)</u>. Parent shall not make, and shall cause each other member of the Parent Group not to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification against SpinCo or any other member of the SpinCo Group, or any other Person released pursuant to <u>Section</u> <u>6.01(b)</u>, with respect to any Liabilities released pursuant to <u>Section</u> <u>6.01(b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) It is the intent of each of Parent and SpinCo, by virtue of the provisions of this <u>Section</u> <u>6.01</u>, to provide for a full and complete release and discharge of all Liabilities existing or arising from all acts and events occurring, or failing to occur, or alleged to have occurred, or to have failed to occur, and all conditions existing or alleged to have existed on or before the Distribution Date, between or among SpinCo or any other member of the SpinCo Group, on the one hand, and Parent or any other member of the Parent Group, on the other hand (including any contractual agreements or arrangements existing or alleged to exist between or among any such members on or before the Distribution Date), except as expressly set forth in <u>Section</u> <u>6.01</u>, <u>Section</u> <u>6.02</u>, <u>Section</u> <u>6.03</u> or elsewhere in this Agreement or in any Ancillary Agreement. At any time, at the request of the other Party, each Party shall cause each member of its respective Group to execute and deliver releases reflecting the provisions hereof.

Section 6.02 <u>Indemnification by SpinCo</u>. Subject to <u>Section</u> <u>6.04</u>, SpinCo shall indemnify, defend and hold harmless Parent, each other member of the Parent Group and each of their respective former and then-current directors, officers and employees, and each of the heirs, executors, administrators, successors and assigns of any of the foregoing (collectively, the "<u>Parent Indemnitees</u>"), from and against any and all Liabilities of the Parent Indemnitees to the extent relating to, arising out of or resulting from any of the following items (without duplication):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the SpinCo Liabilities, including the failure of SpinCo or any other member of the SpinCo Group or any other Person to pay, perform or otherwise promptly discharge any SpinCo Liability in accordance with its terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any breach by SpinCo or any other member of the SpinCo Group of this Agreement, or any Ancillary Agreement, unless such Ancillary Agreement expressly provides for separate indemnification therein (which shall be controlling); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any breach by SpinCo of any of the representations and warranties made by SpinCo on behalf of itself and the members of the SpinCo Group in <u>Section</u> <u>11.01(c)</u> or in the Representation Letters.

Section 6.03 <u>Indemnification by</u> <u>Parent</u>. Subject to <u>Section</u> <u>6.04</u>, Parent shall indemnify, defend and hold harmless SpinCo, each other member of the SpinCo Group and each of their respective former and then-current directors, officers and employees, and each of the heirs, executors, administrators, successors and assigns of any of the foregoing (collectively, the "<u>SpinCo</u> <u>Indemnitees</u>"), from and against any and all Liabilities of the SpinCo Indemnitees to the extent relating to, arising out of or resulting from any of the following items (without duplication):

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Parent Liabilities, including the failure of Parent or any other member of the Parent Group, or any other Person, to pay, perform or otherwise promptly discharge any Parent Liability in accordance with its terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any breach by Parent or any other member of the Parent Group of this Agreement or any Ancillary Agreement unless such Ancillary Agreement expressly provides for separate indemnification therein (which shall be controlling); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any breach by Parent of any of the representations and warranties made by Parent on behalf of itself and the members of the Parent Group in <u>Section</u> <u>11.01(c)</u>.

Section 6.04 <u>Indemnification Obligations Net of Insurance Proceeds and Third-Party Proceeds</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Parties intend that any Liability subject to indemnification or reimbursement pursuant to this Agreement will be net of (i) Insurance Proceeds that actually reduce the amount of, or are paid to the applicable Indemnitee in respect of, such Liability and (ii) other amounts recovered from any third party (net of any out-of-pocket costs or expenses incurred in, or Taxes imposed with respect to, the collection thereof) that actually reduce the amount of, or are paid to the applicable Indemnitee in respect of, such Liability ("<u>Third-Party Proceeds</u>"). Accordingly, the amount that either Party (an "<u>Indemnifying Party</u>") is required to pay to any Person entitled to indemnification or reimbursement pursuant to this Agreement (an "<u>Indemnitee</u>") will be reduced by any Insurance Proceeds or Third-Party Proceeds theretofore actually recovered by or on behalf of the Indemnitee from a third party in respect of the related Liability. If an Indemnitee receives a payment required by this Agreement from an Indemnifying Party in respect of any Liability (an "<u>Indemnity Payment</u>") and subsequently receives Insurance Proceeds or Third-Party Proceeds in respect of such Liability, then the Indemnitee will pay to the Indemnifying Party an amount equal to the excess of the Indemnity Payment received over the amount of the Indemnity Payment that would have been due if such Insurance Proceeds or Third-Party Proceeds had been received, realized or recovered before the Indemnity Payment was made; <u>provided</u>, that for the avoidance of doubt, such amount shall not exceed the amount of the Indemnity Payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) An insurer that would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto or have any subrogation rights with respect thereto by virtue of the indemnification provisions hereof, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (*i.e.*, a benefit it would not be entitled to receive in the absence of the indemnification provisions) by virtue of the indemnification provisions hereof. Subject to <u>Section</u> <u>6.10</u>, each member of the Parent Group and SpinCo Group shall use reasonable best efforts to collect or recover any Insurance Proceeds and any Third-Party Proceeds to which such Person is entitled in connection with any Liability for which such Person seeks indemnification pursuant to this <u>Article</u> <u>VI</u>; <u>provided</u>, <u>however</u>, that such Person's inability to collect or recover any such Insurance Proceeds or Third-Party Proceeds shall not limit the Indemnifying Party's obligations hereunder.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The calculation of any Indemnity Payments required by this Agreement shall be subject to Section 12.01 of the Tax Matters Agreement.

Section 6.05 <u>Procedures for Indemnification of Third-Party Claims</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If an Indemnitee shall receive notice or otherwise learn of a Third-Party Claim with respect to which an Indemnifying Party may be obligated to provide indemnification to such Indemnitee pursuant to this Agreement (including <u>Article</u> <u>III</u>), such Indemnitee shall give such Indemnifying Party written notice thereof as soon as reasonably practicable. Any such notice shall describe the Third-Party Claim in reasonable detail and shall include: (i) the basis for, and nature of, such Third-Party Claim, including the facts constituting the basis for such Third-Party Claim; (ii) the estimated amount of losses (to the extent so estimable) that have been or may be sustained by the Indemnitee in connection with such Third-Party Claim; and (iii) copies of all notices and documents (including court papers) received by the Indemnitee relating to the Third-Party Claim; <u>provided</u>, <u>however</u>, that any such notice need only specify such information reasonably known to the Indemnitee as of the date of such notice and shall not limit or prejudice any of the rights or remedies of any Indemnitee on the basis of any limitations on the information included in such notice, including any such limitations made in good faith to preserve the attorney-client privilege, work product doctrine or any other similar privilege or doctrine. Notwithstanding the foregoing, the failure of any Indemnitee or other Person to give notice as provided in this <u>Section</u> <u>6.05(a)</u> shall not relieve the related Indemnifying Party of its obligations under this <u>Article</u> <u>VI</u>, except to the extent that such Indemnifying Party is actually prejudiced by such failure to give notice in accordance with this <u>Section</u> <u>6.05(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Indemnifying Party shall have the right, exercisable by written notice to the Indemnitee within thirty (30) days after receipt of notice from an Indemnitee in accordance with <u>Section</u> <u>6.05(a)</u>, to assume and conduct the defense of such Third-Party Claim in accordance with the limits set forth in this Agreement with counsel selected by the Indemnifying Party and reasonably acceptable to the Indemnitee; <u>provided</u>, <u>however</u>, that (x) SpinCo shall not be entitled to control the defense of any Third-Party Claim in respect of a Mixed Action (and, for the avoidance of doubt, Parent shall control any such defense), (y) the Indemnifying Party shall not have the right to control the defense of any Third-Party Claim (i) to the extent such Third-Party Claim seeks criminal penalties or injunctive or other equitable relief or (ii) if the Party to this Agreement which is part of such Indemnitee's Group has determined in good faith that the Indemnifying Party controlling such defense would reasonably be expected to have a material adverse impact on the reputation or the business relations of the Indemnitee or its Group, and (z) if the Party to this Agreement which is part of such Indemnitee's Group determines in good faith that the proper defense of the Third-Party Claim requires that the election to assume the defense of such claim be made in fewer than thirty (30) days, the Indemnitee may request that such election be made in such shorter period as the Indemnitee may reasonably determine; <u>provided</u> that such shorter period may not be shorter than ten (10) days. The Indemnifying Party shall notify the Indemnitee in writing within the time period described in the immediately preceding sentence as to whether or not it will assume the defense of the applicable Third-Party Claim. During such notice period, and prior to an election by the Indemnifying Party to control the defense of the applicable Third-Party Claim, the Indemnitee shall be permitted to take such actions in respect of such Third-Party Claim as the Indemnitee determines in good faith are necessary or appropriate to avoid prejudice to the Indemnitee's interests in respect of such Third-Party Claim during such notice period, provided that the Indemnitee will consult reasonably and in good faith with the Indemnifying Party in respect of such actions in advance of taking such actions to the extent possible.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If the Indemnifying Party elects not to assume the defense of a Third-Party Claim (or is not permitted to assume the defense of such Third-Party Claim) in accordance with this Agreement, or fails to notify an Indemnitee of its election as provided in <u>Section</u> <u>6.05(b)</u>, such Indemnitee may defend such Third-Party Claim with counsel selected by the Indemnitee and reasonably acceptable to the Indemnifying Party. If the Indemnifying Party elects (and is permitted) to assume the defense of a Third-Party Claim in accordance with the terms of this Agreement, the Indemnitee shall, subject to the terms of this Agreement, reasonably cooperate with the Indemnifying Party with respect to the defense of such Third-Party Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If the Indemnifying Party elects (and is permitted) to assume the defense of a Third-Party Claim in accordance with the terms of this Agreement, the Indemnifying Party will not be liable for any additional legal expenses subsequently incurred by the Indemnitee in connection with the defense of the Third-Party Claim; <u>provided</u>, <u>however</u>, that if the Indemnifying Party fails to take reasonable steps necessary to defend diligently such Third-Party Claim, or the nature of such Third-Party Claim changes such that the Indemnifying Party would no longer be entitled to assume the defense of such Third-Party Claim pursuant to <u>Section</u> <u>6.05(b)</u>, the Indemnitee may assume and control its own defense, and the Indemnifying Party will be liable for all reasonable and documented costs or expenses paid or incurred in connection with such defense. The Indemnifying Party or the Indemnitee, as the case may be, shall have the right to participate in (but, subject to the immediately preceding sentence, not control), at its own expense, the defense of any Third-Party Claim that the other is defending as provided in this Agreement. In the event, however, that such Indemnitee reasonably determines that representation by counsel to the Indemnifying Party of both such Indemnifying Party and the Indemnitee could reasonably be expected to present such counsel with a conflict of interest, then the Indemnitee may employ separate counsel to represent or defend it in any such Action and the Indemnifying Party will pay the reasonable and documented fees and expenses of such counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No Indemnifying Party shall consent to entry of any judgment or enter into any settlement of any Third-Party Claim with respect to which an Indemnifying Party is obligated to provide indemnification to an Indemnitee pursuant to this Agreement (including <u>Article</u> <u>III</u>) without the prior written consent of the applicable Indemnitee or Indemnitees (not to be unreasonably withheld, conditioned or delayed); <u>provided</u>, <u>however</u>, that such consent shall not be required if the judgment or settlement: (i) contains no finding or admission of liability with respect to any such Indemnitee or Indemnitees; (ii) involves only monetary relief which the Indemnifying Party has agreed to pay; and (iii) includes a full and unconditional release of the Indemnitee or Indemnitees. Notwithstanding the foregoing, the consent of an Indemnitee shall be required for any entry of judgment or settlement if the effect thereof is to permit any injunction, declaratory judgment, other order or other non-monetary relief to be entered, directly or indirectly, against such Indemnitee (such consent not to be unreasonably withheld, conditioned or delayed).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Whether or not the Indemnifying Party assumes the defense of a Third-Party Claim, no Indemnitee shall admit any liability with respect to, or settle, compromise, resolve or discharge, such Third-Party Claim without the Indemnifying Party's prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).

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Section 6.06 <u>Additional Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any claim on account of a Liability that does not result from a Third-Party Claim shall be asserted by prompt written notice given by the Indemnitee to the applicable Indemnifying Party. Any failure by an Indemnitee to give notice shall not relieve the Indemnifying Party's indemnification obligations under this Agreement, except to the extent that the Indemnifying Party shall have been actually prejudiced by such failure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event of payment by or on behalf of any Indemnifying Party to any Indemnitee in connection with any Third-Party Claim, such Indemnifying Party shall be subrogated to and shall stand in the place of such Indemnitee as to any events or circumstances in respect of which such Indemnitee may have any right, defense or claim relating to such Third-Party Claim against any claimant or plaintiff asserting such Third-Party Claim or against any other Person. Such Indemnitee shall cooperate with such Indemnifying Party in a reasonable manner, and at the cost and expense of such Indemnifying Party, in prosecuting any subrogated right, defense or claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For the avoidance of doubt, Liabilities incurred by an Indemnitee pursuant to a contractual indemnification or similar obligation granted to a third party in respect of Liabilities otherwise indemnifiable under <u>Section</u> <u>6.02</u> or <u>Section</u> <u>6.03</u> shall be indemnifiable thereunder to the same extent that the underlying Liabilities would have been indemnifiable under <u>Section</u> <u>6.02</u> or <u>Section</u> <u>6.03</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) To the maximum extent permitted by applicable Law, the rights to recovery of each Party's Subsidiaries in respect of any past, present or future Action are hereby delegated to such Party. It is the intent of the Parties that the foregoing delegation shall satisfy any Law requiring such delegation to be effected pursuant to a power of attorney or similar instrument. The Parties and their respective Subsidiaries shall execute such further instruments or documents as may be necessary to effect such delegation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each of Parent and SpinCo hereby agrees that with respect to any Third-Party Claim or Action pending as of the Distribution Date or commenced following the Distribution Date, in each case that (x) has named as a defendant one or more members of the SpinCo Group but otherwise relates only to the Parent Business or (y) has named as a defendant one or more members of the Parent Group but otherwise relates only to the SpinCo Business, the Parties shall use reasonable best efforts, each at its own expense, to cause each such nominal defendant to be removed as a defendant from such Third-Party Claim or Action, as soon as reasonably practicable (including using reasonable best efforts to petition the applicable court or counterparty to remove each such nominal defendant).

Section 6.07 <u>Remedies Cumulative</u>. The remedies provided in this <u>Article</u> <u>VI</u> shall be cumulative and, subject to the provisions of <u>Section</u> <u>6.01</u>, <u>Section</u> <u>6.10</u> and <u>Article</u> <u>XI</u>, shall not preclude assertion by any Indemnitee of any other rights or the seeking of any and all other remedies against any Indemnifying Party.

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Section 6.08 <u>Covenant Not to Sue</u>. Each Party hereby covenants and agrees that none of it, the members of such Party's Group or any Person claiming through it shall bring an Action or otherwise assert any claim or defense against any Person, including before any court, arbitrator, mediator or administrative agency anywhere in the world, and further (on behalf of itself, the members of such Party's Group, and any other Person claiming through it) waives and releases any claim or defense against any Person, alleging that: (a) the assumption or retention of any SpinCo Liabilities by SpinCo or a member of the SpinCo Group on the terms and conditions set forth in this Agreement or the Ancillary Agreements is unlawful, a breach of a fiduciary or other duty, void, unenforceable, unconscionable, inequitable, or otherwise improper for any reason; (b) the assumption or retention of any Parent Liabilities by Parent or a member of the Parent Group on the terms and conditions set forth in this Agreement or the Ancillary Agreements is unlawful, a breach of a fiduciary or other duty, void, unenforceable, unconscionable, inequitable, or otherwise improper for any reason; (c) the provisions of this Agreement (including this <u>Article</u> <u>VI</u>) or any Ancillary Agreement are unlawful, a breach of a fiduciary or other duty, void, unenforceable, unconscionable, inequitable, or otherwise improper for any reason; or (d) any member of the Parent Group, or any officer, director or employee of any such member, owes fiduciary duties to any member of the SpinCo Group or any equity holder of such member, in his, her or its capacity as such with respect to this Agreement, any Ancillary Agreement, any transaction contemplated hereby or thereby or any agreement entered into in connection herewith or therewith. SpinCo shall bear all costs and expenses of the Parent Group in defending any claim brought in violation of this <u>Section</u> <u>6.08</u>.

Section 6.09 <u>Survival of Indemnities</u>. The rights and obligations of each of Parent and SpinCo and their respective Indemnitees under this <u>Article</u> <u>VI</u> shall survive the sale or other transfer by any Party or its Affiliates of any Assets or businesses or the assignment by it of any Liabilities.

Section 6.10 <u>Indemnified Damages</u>. Except as may expressly be set forth in this Agreement or any Ancillary Agreement, none of Parent, SpinCo or any other member of either Group shall in any event have any Liability to the other or to any other member of the other's Group, or to any other Parent Indemnitee or SpinCo Indemnitee, as applicable, under this Agreement for any indirect, special, punitive, consequential, exemplary, enhanced or treble damages, whether or not caused by or resulting from negligence or breach of obligations hereunder and whether or not informed of the possibility of the existence of such damages; <u>provided</u>, <u>however</u>, that the provisions of this <u>Section</u> <u>6.10</u> shall not limit an Indemnifying Party's indemnification obligations hereunder with respect to any Liability any Indemnitee may have to any third party not affiliated with any member of the Parent Group or the SpinCo Group for any indirect, special, punitive, consequential, exemplary, enhanced or treble damages.

Section 6.11 <u>Management of Certain Actions</u><u>, Government Investigations and Internal Investigations</u>. Notwithstanding the procedures set forth in <u>Section</u> <u>6.05</u>, this <u>Section</u> <u>6.11</u> shall govern the management and direction of certain pending (or, as applicable in the case of <u>Section</u> <u>6.11(e)</u>, future) Actions, Government Investigations and Internal Investigations involving one or more members of both the Parent Group and the SpinCo Group, but shall not alter the allocation of Liabilities set forth in <u>Article</u> <u>II</u> or rights to indemnification pursuant to <u>Section</u> <u>6.02</u> or <u>Section</u> <u>6.03</u>. In the event of any conflict between the provisions of this <u>Section</u> <u>6.11</u> and <u>Section</u> <u>6.05</u> in respect of a SpinCo Directed Action, Parent Directed Action or Joint Action, the provisions of this <u>Section</u> <u>6.11</u> shall govern.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) From and after the Distribution, except as otherwise provided in <u>Section</u> <u>6.11(a)</u> <u>of the Disclosure Letter</u> and subject to <u>Section</u> <u>7.08</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the SpinCo Group shall direct the defense, prosecution or conduct (as applicable) of any Actions, Government Investigations and Internal Investigations described on <u>Section</u> <u>6.11(a)</u> <u>of the Disclosure Letter</u> (the "<u>SpinCo Directed Actions</u>"), including the development and implementation of the legal strategy for each SpinCo Directed Action, the filing of any motions, pleadings or briefs, the conduct of discovery and related fact finding, the conduct of any trial, any presentations to regulators or enforcement officials, any responses to subpoenas, requests or demands for information, any decision to appeal or not to appeal any decisions, judgment or order, and, subject to <u>Section</u> <u>6.11(d)</u>, any decision or consent to a settlement, compromise, resolution or discharge of any SpinCo Directed Action or any aspect thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) SpinCo (or the applicable member of the SpinCo Group) shall be responsible for selecting counsel in connection with the conduct and control of each SpinCo Directed Action;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Parent (or the applicable member of the Parent Group) shall be entitled to participate in (but not control) the defense, prosecution or conduct (as applicable) of each SpinCo Directed Action, and SpinCo shall provide Parent with the reasonable opportunity to consult, advise and comment with respect to all preparation, planning and strategy regarding any such SpinCo Directed Action, to the extent that Parent's participation does not waive or jeopardize any attorney-client privilege, attorney work product protection or other similar privilege or doctrine. The Parties and the applicable members of their respective Groups shall cooperate reasonably to preserve any attorney-client privilege, work product protection, joint defense, common interest or other privilege as to third parties as may be available in connection with each Group's participation in a SpinCo Directed Action; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the costs and expenses incurred by the SpinCo Group and the Parent Group in connection with the conduct of any SpinCo Directed Action shall be advanced, paid and reimbursed in accordance with <u>Section</u> <u>6.11</u> <u>of the Disclosure Letter</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) From and after the Distribution, except as otherwise provided in <u>Section</u> <u>6.11(b)</u> <u>of the Disclosure Letter</u> and subject to <u>Section</u> <u>7.08</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Parent Group shall direct the defense, prosecution or conduct (as applicable) of any Actions, Government Investigations and Internal Investigations described on <u>Section</u> <u>6.11(b)</u> <u>of the Disclosure Letter</u> (the "<u>Parent Directed Actions</u>"), including the development and implementation of the legal strategy for each Parent Directed Action, the filing of any motions, pleadings or briefs, the conduct of discovery and related fact finding, the conduct of any trial, any presentations to regulators or enforcement officials, any responses to subpoenas, requests or demands for information, any decision to appeal or not to appeal any decisions, judgment or order, and, subject to <u>Section</u> <u>6.11(d)</u>, any decision or consent to a settlement, compromise, resolution or discharge of any Parent Directed Action or any aspect thereof;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Parent (or the applicable member of the Parent Group) shall be responsible for selecting counsel in connection with the conduct and control of each Parent Directed Action;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) SpinCo (or the applicable member of the SpinCo Group) shall be entitled to participate in (but not control) the defense, prosecution or conduct (as applicable) of each Parent Directed Action, and Parent shall provide SpinCo with the reasonable opportunity to consult, advise and comment with respect to all preparation, planning and strategy regarding any such Parent Directed Action, to the extent that SpinCo's participation does not waive or jeopardize any attorney-client privilege, attorney work product protection or other similar privilege or doctrine. The Parties and the applicable members of their respective Groups shall cooperate reasonably to preserve any attorney-client privilege, work product protection, joint defense, common interest or other privilege as to third parties as may be available in connection with each Group's participation in a Parent Directed Action; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the costs and expenses incurred by the SpinCo Group and the Parent Group in connection with the conduct of any Parent Directed Action shall be advanced, paid and reimbursed in accordance with <u>Section</u> <u>6.11</u> <u>of the Disclosure Letter</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) From and after the Distribution, except as otherwise provided in <u>Section</u> <u>6.11(c)</u> <u>of the Disclosure Letter</u> and subject to <u>Section</u> <u>7.08</u>, the Parties shall separately but cooperatively manage and direct the defense, prosecution or conduct (as applicable) of any Actions, Government Investigations and Internal Investigations described on <u>Section</u> <u>6.11(c)</u> <u>of the Disclosure Letter</u> ("<u>Joint Actions</u>"), including the development and implementation of the legal strategy for each Joint Action, the filing of any motions, pleadings or briefs, the conduct of discovery and related fact finding, the conduct of any trial, any presentations to regulators or enforcement officials, any responses to subpoenas, requests or demands for information, any decision to appeal or not to appeal any decisions, judgment or order, and, subject to <u>Section</u> <u>6.11(d)</u>, any decision or consent to a settlement, compromise, resolution or discharge of any Joint Action or any aspect thereof. The Parties shall cooperate in good faith and take all reasonable actions to provide for any appropriate joinder or change in named parties to such Joint Actions such that the appropriate Party or member of each Party's Group is party thereto. The Parties shall reasonably cooperate and consult with each other and, to the extent feasible, maintain a joint defense in a manner that would preserve for both Parties and their respective Affiliates any attorney-client privilege, work product protection, joint defense, common interest or other privilege with respect to any Joint Action. Notwithstanding anything to the contrary herein, the costs and expenses of counsel for each Joint Action shall be paid for by the Party indicated with respect to such Joint Action on <u>Section</u> <u>6.11(c)</u> <u>of the Disclosure Letter</u>; <u>provided</u>, that in the event that either Party determines to retain new separate counsel with respect to any Joint Action, such Party shall bear the costs and expenses of its separate counsel. The costs and expenses incurred by SpinCo or Parent in connection with the conduct of any Joint Action shall be advanced, paid and reimbursed in accordance with <u>Section</u> <u>6.11</u> <u>of the Disclosure Letter</u>. In any Joint Action, each of Parent and SpinCo may pursue separate defenses, claims, counterclaims or settlements to those claims relating solely to the Parent Business or the SpinCo Business, respectively; <u>provided</u> that each Party shall in good faith make reasonable best efforts to avoid adverse effects on the other Party.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No Party managing an Action (the "<u>Managing Party</u>") pursuant to this <u>Section</u> <u>6.11</u> shall consent to entry of any judgment or enter into any settlement of any such Action without the prior written consent of the other Party (the "<u>Non-Managing Party</u>") (not to be unreasonably withheld, conditioned or delayed); <u>provided</u>, <u>however</u>, that such Non-Managing Party, including, in the case of a Joint Action, any co-defendant, shall be required to consent to such entry of judgment or to such settlement that the Managing Party or other co-defendant may recommend with respect to any claim for which such Non-Managing Party (or co-defendant) is the defendant if the judgment or settlement: (i) contains no finding or admission of liability with respect to such Non-Managing Party's (or co-defendant's) Group or its applicable related Persons; (ii) involves only monetary relief which the Managing Party or proposing co-defendant has agreed to pay; and (iii) includes a full and unconditional release of the Non-Managing Party's (or co-defendant's) Group and its applicable related Persons. Notwithstanding the foregoing, the consent of the Non-Managing Party or co-defendant shall be required for any entry of judgment or settlement if the effect thereof is to permit any injunction, declaratory judgment, other order or other non-monetary relief to be entered, directly or indirectly, against the Non-Managing Party's Group or its applicable related Persons (such consent not to be unreasonably withheld, conditioned or delayed).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Any Government Investigation that (i) is not set forth on <u>Section</u> <u>6.11(c)</u> <u>of the Disclosure Letter</u>, (ii) Parent determines in good faith involves one or more members of both the Parent Group and the SpinCo Group, (iii) relates to conduct that occurred prior to the Distribution Date and (iv) Parent determines in good faith involves, or would reasonably be expected to involve, non-monetary relief sought by a Governmental Authority with respect to a member of the Parent Group, shall be separately but cooperatively managed and directed by the Parties as if it were a Joint Action in accordance with the terms of <u>Section</u> <u>6.11(c)</u> (subject, for the avoidance of doubt, to <u>Section</u> <u>6.11</u> <u>of the Disclosure Letter</u> and <u>Section</u> <u>6.11(d)</u>). If either Party shall receive notice or otherwise learn of a Government Investigation that would reasonably be expected to require cooperative management as a Joint Action pursuant to this <u>Section</u> <u>6.11(e)</u>, such Party shall give the other Party written notice thereof as soon as reasonably practicable. 

**ARTICLE VII** 

**ACCESS TO INFORMATION; PRIVILEGE; CONFIDENTIALITY** 

Section 7.01 <u>Agreement for Exchange of Information; Archives</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except in the case of an Adversarial Action or threatened Adversarial Action, and subject to <u>Section</u> <u>7.01(b)</u>, each of Parent and SpinCo, on behalf of its Group, shall provide, or cause to be provided, to the other Party, at any time after the Distribution, as soon as reasonably practicable after written request therefor, any Information relating to time periods on or prior to the Distribution Date in the possession or under the control of such respective Group, relating to the Parent Business or the SpinCo Business, which Parent or SpinCo, or any

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member of its respective Group, as applicable: (i) reasonably needs to comply with reporting, disclosure, filing or other requirements imposed on Parent or SpinCo, or any member of its respective Group, as applicable (including under applicable securities Laws), by any national securities exchange or any Governmental Authority having jurisdiction over Parent or SpinCo, or any member of its respective Group, as applicable; (ii) requests for use in any other judicial, regulatory, administrative or other Action or Internal Investigation, including possible Actions or Internal Investigations anticipated in good faith, or in order to satisfy audit, accounting, regulatory, litigation or other similar requirements; or (iii) to comply with its obligations under this Agreement or any Ancillary Agreement; <u>provided</u> that any request for information pursuant to this <u>Section</u> <u>7.01</u> shall be used only for the purposes described in this paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event that either Parent or SpinCo determines in good faith that the disclosure of any Information pursuant to <u>Section</u> <u>7.01(a)</u> could be commercially detrimental, violate any Law or Contract or waive or jeopardize any attorney-client privilege, attorney work product protection or other similar privilege or doctrine, such Party may restrict such information to view by the other Party's attorneys' and experts' eyes only before providing access to or furnishing such Information to the other Party; <u>provided</u>, <u>however</u>, that both Parent and SpinCo shall take all commercially reasonable measures to permit compliance with <u>Section</u> <u>7.01(a)</u> in a manner that avoids any such harm or consequence.

Section 7.02 <u>Ownership of Information</u>. Any Information owned by one Group that is provided to the requesting Party hereunder shall be deemed to remain the property of the providing Party. Except as specifically set forth herein or in any Ancillary Agreement, nothing herein shall be construed as granting or conferring rights of license or otherwise in any such Information.

Section 7.03 <u>Compensation for Providing Information</u>. The Party requesting information pursuant to this <u>Article</u> <u>VII</u> shall reimburse the providing Party for the reasonable, documented, out-of-pocket costs, if any, in complying with a request for Information pursuant to this <u>Article</u> <u>VII</u> (whether or not such Information was a SpinCo Asset or a Parent Asset). 

Section 7.04 <u>Record Retention</u>. To facilitate the possible exchange of Information pursuant to this <u>Article</u> <u>VII</u> and other provisions of this Agreement, each Party shall use its reasonable best efforts to retain all Information in such Party's possession relating to the other Party or its businesses, Assets or Liabilities, this Agreement or the Ancillary Agreements, in each case in accordance with such Party's standard record retention practices and in any event not less than the standards in Parent's record retention practices as of the date hereof and in accordance with applicable Law. Each of Parent and SpinCo shall use their reasonable best efforts to maintain and continue their respective Group's compliance with all "litigation holds" listed on <u>Section</u> <u>7.04</u><u>(b) of the Disclosure Letter</u> in accordance with the provisions set forth on <u>Section</u> <u>7.04</u><u>(b) of the Disclosure Letter</u> with respect to such listed litigation hold.

Section 7.05 <u>Accounting Information</u>. Without limiting the generality of <u>Section</u> <u>7.01</u> but subject to <u>Section</u> <u>7.01(b)</u>:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Until the end of the first full fiscal year occurring after the Distribution Date (and for a reasonable period of time afterwards, as determined in good faith by Parent, or as required by Law for Parent to prepare consolidated financial statements or complete a financial statement audit for any period during which the financial results of the SpinCo Group were consolidated with those of Parent), SpinCo shall use its reasonable best efforts to assist Parent in meeting Parent's timetable for dissemination of its financial statements and to enable Parent's auditors to timely complete their annual audit and quarterly reviews of financial statements. As part of such efforts and during such period as specified in the immediately preceding sentence, to the extent reasonably necessary for the preparation of financial statements or completing an audit or review of financial statements or an audit of internal control over financial reporting, (i) SpinCo shall authorize and direct its auditors to make available to Parent's auditors, within a reasonable time prior to the date of Parent's auditors' opinion or review report, both (x) the personnel who performed or will perform the annual audits and quarterly reviews of SpinCo and (y) work papers to the extent related to such annual audits and quarterly reviews, to enable Parent's auditors to perform any procedures they consider reasonably necessary to take responsibility for the work of SpinCo's auditors as it relates to Parent's auditors' opinion or report and (ii) until all governmental audits of those financial statements of Parent specified in the immediately preceding sentence are complete, SpinCo shall provide reasonable access during normal business hours for Parent's internal auditors, counsel and other designated representatives to (x) the premises of SpinCo and its Subsidiaries and all Information (and duplicating rights) within the knowledge, possession or control of SpinCo and its Subsidiaries and (y) the officers and employees of SpinCo and its Subsidiaries, so that Parent may conduct reasonable audits relating to the financial statements provided by SpinCo and its Subsidiaries; <u>provided</u>, <u>however</u>, that such access shall not be unreasonably disruptive to the business and affairs of the SpinCo Group; <u>provided</u>, <u>further</u>, that, any request for access pursuant to this <u>Section</u> <u>7.05(a)</u> shall be made in good faith and limited to the extent reasonable to satisfy the good faith basis for such request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Until the end of the first full fiscal year occurring after the Distribution Date (and for a reasonable period of time afterwards, as determined in good faith by Parent, or as required by Law), Parent shall use its reasonable best efforts to assist SpinCo in meeting SpinCo's timetable for dissemination of its financial statements and to enable SpinCo's auditors to timely complete their annual audit and quarterly reviews of financial statements. As part of such efforts, and during such period as specified in the immediately preceding sentence, to the extent reasonably necessary for the preparation of financial statements or completing an audit or review of financial statements or an audit of internal control over financial reporting, (i) Parent shall authorize and direct its auditors to make available to SpinCo's auditors, within a reasonable time prior to the date of SpinCo's auditors' opinion or review report, both (x) the personnel who performed or will perform the annual audits and quarterly reviews of Parent and (y) work papers to the extent related to such annual audits and quarterly reviews, to enable SpinCo's auditors to perform any procedures they consider reasonably necessary to take responsibility for the work of Parent's auditors as it relates to SpinCo's auditors' opinion or report and (ii) until all governmental audits of those financial statements of SpinCo specified in the immediately preceding sentence are complete, Parent shall provide reasonable access during normal business hours for SpinCo's internal auditors, counsel and other designated representatives to (x) the premises of Parent and its Subsidiaries and all Information (and duplicating rights) within the knowledge, possession or control of Parent and its Subsidiaries and (y) the officers and employees of Parent and its Subsidiaries, so that SpinCo may conduct reasonable audits relating to the financial statements provided by Parent and its Subsidiaries; <u>provided</u>, <u>however</u>, that such access shall not be unreasonably disruptive to the business and affairs of the Parent Group; <u>provided</u>, <u>further</u>, that, any request for access pursuant to this <u>Section</u> <u>7.05(b)</u> shall be made in good faith and limited to the extent reasonable to satisfy the good faith basis for such request.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In order to enable the principal executive officer(s) and principal financial officer(s) (as such terms are defined in the rules and regulations of the Commission) of Parent to make any certifications required of them under Section 302 or 906 of the Sarbanes-Oxley Act of 2002, SpinCo shall, within a reasonable period of time following a request from Parent in anticipation of filing such reports, cause its principal executive officer(s) and principal financial officer(s) to provide Parent with certifications of such officers in support of the certifications of Parent's principal executive officer(s) and principal financial officer(s) required under Section 302 or 906 of the Sarbanes-Oxley Act of 2002 with respect to (i) Parent's Quarterly Report on Form 10-Q filed with respect to the fiscal quarter during which the Distribution Date occurs (unless such quarter is Parent's fourth fiscal quarter), (ii) to the extent applicable, each subsequent fiscal quarter through the third fiscal quarter of the year in which the Distribution Date occurs and (iii) Parent's Annual Report on Form 10-K filed with respect to the fiscal year during which the Distribution Date occurs. Such certifications shall be provided in substantially the same form and manner as such SpinCo officers provided prior to the Distribution (reflecting any changes in certifications necessitated by the Spin-Off or any other transactions related thereto) or as otherwise agreed upon between Parent and SpinCo.

Section 7.06 <u>Limitations of Liability</u>. Each of Parent (on behalf of itself and each other member of the Parent Group) and SpinCo (on behalf of itself and each other member of the SpinCo Group) understands and agrees that neither Party is representing or warranting in any way as to the accuracy or sufficiency of any Information exchanged or disclosed under this Agreement, including any Information that constitutes an estimate or forecast or is based upon an estimate or forecast.

Section 7.07 <u>Production of Witnesses; Records; Cooperation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Without limiting any of the rights or obligations of the Parties pursuant to <u>Section</u> <u>7.01</u> or <u>Section</u> <u>7.04</u>, after the Distribution Date, except in the case of an Adversarial Action or threatened or contemplated Adversarial Action, and subject to <u>Section</u> <u>7.01(b)</u>, each of Parent and SpinCo shall use their reasonable best efforts to make reasonably available, upon written request: (i) the former, current and future directors, officers, employees, other personnel and agents of the Persons in its respective Group (whether as witnesses or otherwise); and (ii) subject to <u>Section</u> <u>7.01(b)</u>, Information contemplated by <u>Section</u> <u>7.01(a)</u>, in each case of clauses (i) and (ii), to the extent that such Person (giving consideration to business demands of such directors, officers, employees, other personnel and agents) or books, records or other documents may reasonably be required in connection with any Action, Internal Investigation, Commission comment or review or threatened or contemplated Action, Internal Investigation, Commission comment or review (including preparation for any such Action, Internal Investigation, Commission comment or review) in which either Parent or SpinCo or any Person or Persons in its Group, as applicable, may from time to time be involved, regardless of whether such Action, Internal Investigation, Commission comment or review or threatened or contemplated Action, Internal Investigation, Commission comment or review is a matter with respect to which indemnification may be sought hereunder. The requesting Party shall bear all reasonable, documented, out-of-pocket costs and expenses in connection therewith.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Without limiting the foregoing, Parent and SpinCo shall use their reasonable best efforts to cooperate and consult with each other to the extent reasonably necessary with respect to any Actions, Internal Investigations or threatened or contemplated Actions or Internal Investigations (including in connection with preparation for any such Action or Internal Investigation), other than an Adversarial Action or threatened or contemplated Adversarial Action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The obligation of Parent and SpinCo, pursuant to this <u>Section</u> <u>7.07</u>, to use their reasonable best efforts to make available former, current and future directors, officers, employees and other personnel and agents or provide witnesses and experts, except in the case of an Adversarial Action or threatened or contemplated Adversarial Action, is intended to be interpreted in a manner so as to facilitate cooperation and shall include the obligation to make available employees and other officers without regard to whether such individual or the employer of such individual could assert a possible business conflict. Without limiting the foregoing, each of Parent and SpinCo agrees that neither it nor any Person or Persons in its respective Group will take any adverse action against any employee of its Group based on such employee's provision of assistance or information to each other pursuant to this <u>Section</u> <u>7.07</u>.

Section 7.08 <u>Privileged Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Solely for purposes of asserting privileges which may be asserted under applicable Law, and without limiting the provisions of <u>Section</u> <u>7.10</u>: (x) in order to protect the rights of the Parties to assert privilege, the Parties acknowledge and agree that legal and other professional services that have been and will be provided prior to the Distribution (whether by outside counsel, in-house counsel, other legal professionals, or other professionals acting at the direction of counsel) have been and will be rendered for the collective benefit of Parent and SpinCo, and (y) each of Parent and SpinCo shall be deemed to have been the client in connection with such services with respect to periods prior to the Distribution. The Parties acknowledge and agree that legal and other professional services will be provided following the Distribution, which services will be rendered solely for the benefit of Parent or SpinCo, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Parent shall be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in connection with any privileged Information that relates solely to the Parent Business or the Distribution and not to the SpinCo Business, whether or not the privileged Information is in the possession or under the control of any member of the Parent Group or any member of the SpinCo Group. Parent shall also be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in connection with any privileged Information that relates solely to any Parent Assets or Parent Liabilities, and not any SpinCo Assets or SpinCo Liabilities, in connection with any Actions or Internal Investigations that are now pending or may be asserted in the future, whether or not the privileged Information is in the possession or under the control of any member of the Parent Group or any member of the SpinCo Group. For the avoidance of doubt, Information shall not be deemed to relate to the Parent Business solely by virtue of the fact that personnel associated with the corporate function of Parent were involved in the production or evaluation of such Information or otherwise involved in the Actions or Internal Investigations relating to such Information.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) SpinCo shall be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in connection with any privileged Information that relates solely to the SpinCo Business and not to the Parent Business or the Distribution, whether or not the privileged Information is in the possession or under the control of any member of the SpinCo Group or any member of the Parent Group. SpinCo shall also be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in connection with any privileged Information that relates solely to any SpinCo Assets or SpinCo Liabilities and not any Parent Assets or Parent Liabilities in connection with any Actions or Internal Investigations that are now pending or may be asserted in the future, whether or not the privileged Information is in the possession or under the control of any member of the SpinCo Group or any member of the Parent Group. For the avoidance of doubt, Information shall not be deemed to relate to the SpinCo Business solely by virtue of the fact that SpinCo personnel were involved in the production or evaluation of such Information or otherwise involved in the Actions or Internal Investigations relating to such Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Subject to the remaining provisions of this <u>Section</u> <u>7.08</u>, the Parties agree that Parent shall be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in connection with privileged Information not otherwise allocated pursuant to this <u>Section</u> <u>7.08</u> in connection with any Actions or Internal Investigations, or threatened or contemplated Actions or Internal Investigations, or other matters that involve both Parties (or one or more members of their respective Groups), whether or not such privileged Information is in the possession or under the control of a member of the SpinCo Group or a member of the Parent Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the extent that an issue regarding a privilege controlled by one Party under this <u>Section</u> <u>7.08</u> arises in connection with an Action or Internal Investigation the defense, prosecution or conduct (as applicable) of which the other Party is entitled to direct pursuant to <u>Section</u> <u>6.11</u>, the Party entitled to control such privilege shall cooperate in good faith with the Party directing such Action or Internal Investigation in order to facilitate the efficient administration of such Action or Internal Investigation. If any dispute arises between the Parties or any members of their respective Group regarding whether a privilege or immunity should be waived to protect or advance the interests of either Party or any member of their respective Groups, each Party agrees that it shall: (i) negotiate with the other Party in good faith and (ii) endeavor to minimize any prejudice to the rights of the other Party and the members of its Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Upon receipt by either Party, or by any member of its respective Group, of any subpoena, discovery or other request (or of written notice that it will receive or has received such subpoena, discovery or other request) that may reasonably be expected to result in the production or disclosure of privileged Information subject to a shared privilege or immunity or as to which the other Party has the sole right hereunder to assert a privilege or immunity, or if either Party obtains knowledge or becomes aware that any of its, or any member of its respective Group's, current or former directors, officers, agents or employees have received any subpoena, discovery or other requests (or have received written notice that they will receive or have received such subpoena, discovery or other requests) that may reasonably be expected to result in the production or disclosure of such privileged Information, such Party shall promptly notify the other Party of the existence of any such subpoena, discovery or other request and shall provide the other Party a reasonable opportunity to review the privileged Information and to assert any rights it or they may have, under this <u>Section</u> <u>7.08</u> or otherwise, to prevent the production or disclosure of such privileged Information; <u>provided</u> that if such Party is prohibited by applicable Law from

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disclosing the existence of such subpoena, discovery or other request, such Party shall provide written notice of such related information for which disclosure is not prohibited by applicable Law and use reasonable best efforts to inform the other Party of any related information such Party reasonably determines is necessary or appropriate for the other Party to be informed of to enable the other Party to review the privileged Information and to assert its rights, under this <u>Section</u> <u>7.08</u> or otherwise, to prevent the production or disclosure of such privileged Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Parties agree that their respective rights to any access to Information, witnesses and other Persons, the furnishing of notices and documents and other cooperative efforts between the Parties contemplated by this Agreement, and the transfer of privileged Information between the Parties and members of their respective Groups pursuant to this Agreement, shall not be deemed a waiver of any privilege that has been or may be asserted under this Agreement or otherwise. The Parties further agree that: (i) the exchange by one Party to the other Party of any Information that should not have been exchanged pursuant to the terms of <u>Section</u> <u>7.09</u> shall not be deemed to constitute a waiver of any privilege or immunity that has been or may be asserted under this Agreement or otherwise with respect to such privileged Information; and (ii) the Party receiving such privileged Information shall promptly return such privileged Information to the Party who has the right to assert the privilege or immunity.

Section 7.09 <u>Confidential Information</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of Parent and SpinCo, on behalf of itself and each Person in its respective Group, shall hold, and cause its respective directors, officers, employees, agents, accountants, subcontractors, counsel and other advisors and representatives (each, a "<u>Representative</u>") to hold, in strict confidence, not release or disclose and protect with at least the same degree of care, but no less than a reasonable degree of care, that it applies to its own confidential and proprietary information pursuant to policies in effect as of the Distribution Date, all confidential or proprietary Information concerning the Parent Business or the Parent Group (in the case of SpinCo or a member of its Group) or the SpinCo Business or the SpinCo Group (in the case of Parent or a member of its Group) (such Group's "<u>Specified Confidential Information</u>") that is either in its possession (including such Specified Confidential Information in its possession prior to the Distribution) or furnished by the other Group or its respective Representatives at any time pursuant to this Agreement or any Ancillary Agreement, and shall not use any such Specified Confidential Information other than for such purposes as shall be expressly permitted hereunder or thereunder, except, in each case, to the extent that such Specified Confidential Information is: (x) in the public domain through no fault of any member of the Parent Group or the SpinCo Group, as applicable, or any of its respective Representatives; (y) later lawfully acquired from other sources by any of Parent, SpinCo or their respective Groups or Representatives, as applicable, which sources are not themselves bound by a confidentiality obligation to the knowledge of any of Parent, SpinCo or Persons in their respective Groups, as applicable; or (z) independently generated after the date hereof without reference to any Specified Confidential Information of the Parent Group or the SpinCo Group, as applicable. Notwithstanding the foregoing, each of Parent and SpinCo may release or disclose, or permit to be released or disclosed, any such Specified Confidential Information of the other Group (i) to their respective Representatives who need to know such Specified Confidential Information (who shall be advised of the obligations hereunder with respect to such Specified Confidential Information), (ii) to any nationally recognized statistical rating organization as it reasonably deems necessary, solely for the purpose of obtaining

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a rating of securities or other debt instruments upon normal terms and conditions, (iii) if such Party or its Group is required or compelled to disclose any such Specified Confidential Information by judicial or administrative process (including any proceeding brought by a Governmental Authority) or by other requirements of Law or stock exchange rule, in each case, to the extent such Party is advised by counsel that it is advisable to do so, (iv) as required in connection with the defense of any legal or other proceeding brought by one Party against the other Party or in respect of claims by one Party against the other Party brought in such a proceeding, (v) as necessary in order to permit a Party to prepare and disclose its financial statements, Tax Returns or other required disclosures under applicable Law or in connection with the Distribution, (vi) as necessary for a Party to enforce its rights or perform its obligations under this Agreement or any Ancillary Agreement and (vii) to Governmental Authorities in accordance with applicable procurement regulations and contract requirements; <u>provided</u>, <u>however</u>, that, with respect to clause (i) hereof: (A) such Representatives shall keep such Specified Confidential Information confidential and will not disclose such Specified Confidential Information to any other Person and (B) each Party agrees that it is responsible to the other Party for any action or failure to act that would constitute a breach or violation of this <u>Section</u> <u>7.09(a)</u> by any such Representative; with respect to clause (ii) hereof, the Party whose Specified Confidential Information is being disclosed or released to such rating organization is promptly notified thereof in writing in advance of such disclosure or release; with respect to public disclosures pursuant to clause (iii) hereof, that the Party required to disclose such Specified Confidential Information gives the other Party a reasonable opportunity to review and comment on the portion of such disclosure containing or reflecting Specified Confidential Information prior to the disclosure thereof; and, in the case of disclosure required by judicial or administrative process pursuant to clause (iii) hereof, that the Party required to disclose such Specified Confidential Information gives the other Party, to the extent reasonably practicable and legally permissible, prompt prior notice of such disclosure and an opportunity to contest such disclosure and shall use reasonable best efforts to cooperate, at the expense of the requesting Party, in seeking any reasonable protective arrangements requested by such Party. In the event that such appropriate protective order or other remedy is not obtained, the Party that is required to disclose such Specified Confidential Information of the other Group shall furnish, or cause to be furnished, only that portion of such Specified Confidential Information that is legally required to be disclosed and shall use reasonable best efforts to ensure that confidential treatment is accorded such Specified Confidential Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Party acknowledges that it or members of its Group may presently have and, after the Distribution, may gain access to or possession of confidential or proprietary Information of, or legally protected personal Information relating to, third parties: (i) that was received under confidentiality or non-disclosure agreements entered into between such third parties, on the one hand, and the other Party or members of such other Party's Group, on the other hand, prior to the Distribution or (ii) that, as between the two Parties, was originally collected by the other Party or such other Party's Group and that may be subject to and protected by privacy, data protection or other applicable Laws. Each Party agrees that it shall hold, protect and use, and shall cause the members of its Group and its and their respective Representatives to hold, in strict confidence, not release or disclose and protect with at least the same degree of care, but no less than a reasonable degree of care, that it applies to its own confidential and proprietary information pursuant to policies in effect as of the Distribution Date, the confidential and proprietary Information of, or legally protected personal Information relating to, third parties in accordance with privacy, data protection or other applicable Laws and the terms of any Contracts that were either entered into before the Distribution or affirmative commitments or representations that were made before the Distribution by, between or among the other Party or members of the other Party's Group, on the one hand, and such third parties, on the other hand.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding anything in this Agreement to the contrary, the receiving Party may disclose, disseminate, or use the ideas, concepts, know-how and techniques, in each case that are related to the receiving Party's business activities and that are contained in the disclosing Party's Specified Confidential Information and retained in the unaided memories of the receiving Party's employees who have had access to the disclosing Party's Specified Confidential Information, who have not intentionally memorized such Specified Confidential Information, and in each case without the specific intent to use or disclose such Specified Confidential Information. For the avoidance of doubt, nothing in this <u>Section</u> <u>7.09(c)</u> grants either Party any right or license in or to any Patents or Copyrights.

Section 7.10 <u>Conflicts Waiver</u>. Each of the Parties acknowledges, on behalf of itself and each other member of its Group, notwithstanding anything to the contrary contained herein or imposed by operation of law, that Parent has retained Paul, Weiss, Rifkind, Wharton & Garrison LLP, Carey Olsen Jersey LLP, Davis Polk & Wardwell LLP and Covington & Burling LLP (collectively, the "<u>Known Counsel</u>") to act as its counsel in connection with this Agreement, the Ancillary Agreements and the transactions contemplated hereby and thereby. SpinCo hereby agrees on behalf of itself and each member of its Group that, notwithstanding anything to the contrary contained herein or imposed by operation of law, in the event that a dispute (whether or not related to this Agreement, the Ancillary Agreements, or the transactions contemplated hereby and thereby) arises between or among (x) any member of the SpinCo Group, any SpinCo Indemnitee or any of their respective Affiliates, on the one hand, and (y) any member of the Parent Group, any Parent Indemnitee or any of their respective Affiliates, on the other hand: (a) any Known Counsel may represent any member of the Parent Group, any Parent Indemnitee or any of their respective Affiliates in such dispute even though the interests of such Person may be directly adverse to, or conflict with the legal or economic interests of, any Person described in clause (x), and even though such Known Counsel may have represented or provided advice to a Person described in clause (x) in a matter substantially related to such dispute at or prior to the Distribution, or may be handling ongoing matters for a Person described in clause (x) as of the Distribution Date that continue following the Distribution, and even though such Known Counsel may have or previously have had confidential or privileged information of a Person described in clause (x) that may be related to such dispute, (b) SpinCo hereby waives, on behalf of itself and each other Person described in clause (x), as applicable, any conflict of interest or claim to confidentiality in connection with such representation by such Known Counsel, and (c) SpinCo hereby agrees, on behalf of itself and each other Person described in clause (x), as applicable, not to seek to disqualify such Known Counsel in connection with such representation. SpinCo, on behalf of itself and each other member of its Group, irrevocably authorizes any Known Counsel to disclose or provide any of its confidential or privileged information existing as of the date hereof to Parent or any other member of Parent's Group, and to otherwise use or disclose that information in accordance with Parent's direction. Each of SpinCo and Parent, on behalf of itself and each other member of its Group, agrees to take, and to cause their respective then-Affiliates to take, all steps necessary to implement the intent of this <u>Section</u> <u>7.10</u>. Each of SpinCo and Parent, on behalf of itself and each other member of its Group, further agrees that each Known Counsel and its respective partners and employees are third-party beneficiaries of this <u>Section</u> <u>7.10</u>, and may seek to enforce this <u>Section</u> <u>7.10</u>.

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**ARTICLE VIII** 

**INSURANCE** 

Section 8.01 <u>Maintenance of Insurance and Termination of Coverage</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Until the Distribution, Parent shall (i) cause the members of the SpinCo Group and their respective employees, officers and directors to continue to be covered as insured parties under the applicable policies of insurance of Parent and its Subsidiaries, in a manner which is no less favorable than the coverage provided for the Parent Group and (ii) permit the members of the SpinCo Group and their respective employees, officers and directors to submit claims in the ordinary course, relating to, arising out of or resulting from facts, circumstances, events or matters that occurred prior to the Distribution to the extent permitted under such policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as otherwise expressly permitted in this <u>Article</u> <u>VIII</u>, Parent and SpinCo acknowledge that, as of immediately prior to the Distribution, Parent intends to take such action as it may deem necessary or desirable to remove the members of the SpinCo Group and their respective employees, officers and directors as insured parties under any policy of insurance issued to any member of the Parent Group by any insurance carrier effective immediately prior to the Distribution, and on or following the Distribution, the SpinCo Group shall cease to be in any manner insured by, entitled to any benefits or coverage under, or entitled to seek benefits or coverage from or under any Parent insurance policies other than any insurance policy issued exclusively in the name and for the benefit of any member of the SpinCo Group (and except for any such insurance policy which forms a part of a fronted, or equivalent, insurance program for which any member of the Parent Group retains funding responsibility). SpinCo Group will not be entitled at or following the Distribution to make any claims for insurance thereunder to the extent such claims are based upon facts, circumstances, events or matters occurring at or after the Distribution. No member of the Parent Group shall be deemed to have made any representation or warranty as to the availability of any coverage, insurability, or satisfaction of any terms and conditions under any such insurance policy. At and after the Distribution, the SpinCo Group shall procure all contractual and statutorily obligated insurance related to the operation of the SpinCo Business.

Section 8.02 <u>Claims under Parent Insurance Policies</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) At and after the Distribution, the members of each of the Parent Group and the SpinCo Group shall, subject to the terms of this <u>Section</u> <u>8.02</u>, have the right to assert Parent Policy Pre-Separation Insurance Matters under the applicable Available Insurance Policies up to the full extent of the applicable and available limits of liability of such policy subject to the terms and conditions of such policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) With respect to any claims contemplated by <u>Section</u> <u>8.02(a)</u> asserted by members of the SpinCo Group with respect to the SpinCo Business, subject to the terms of this <u>Section</u> <u>8.02</u>, members of the SpinCo Group shall be solely responsible for notifications, and updates to the applicable insurance companies, compliance with all policy terms and conditions, and for the handling, pursuit and collection of such claims.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Members of the SpinCo Group shall not, without the written consent of Parent, amend, modify, waive or release any rights of Parent under any such insurance policies and programs. Parent shall have primary control over any Parent Policy Pre-Separation Insurance Matters relating to both the Parent Business and the SpinCo Business, subject to the terms and conditions of the relevant policy of insurance governing such control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each of Parent and SpinCo shall, and shall cause each member of the Parent Group and SpinCo Group, respectively, to, reasonably cooperate with and assist the applicable member of the SpinCo Group and the Parent Group, as applicable, with respect to claims reported to insurance companies pursuant to <u>Section</u> <u>8.02(a)</u>. With respect to coverage claims or requests for benefits asserted by members of the SpinCo Group under the Available Insurance Policies, Parent shall have the right but not the duty to monitor or associate with such claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding anything contained herein, except as provided in <u>Section</u> <u>8.06</u>, (i) nothing in this Agreement shall limit, waive or abrogate in any manner any rights of any member of the Parent Group to insurance coverage under the Parent Insurance Policies for any matter, whether relating to the rights of the SpinCo Group or otherwise and (ii) Parent shall retain the exclusive right to control the insurance policies of the Parent Group, and the benefits and amounts payable thereunder, including the right to exhaust, settle, release, commute, buy-back or otherwise resolve disputes with respect to any of such insurance policies and to amend, modify or waive any rights under any such insurance policies, notwithstanding whether any such insurance policies apply to any past, present or future Liabilities of or claims by any member of the SpinCo Group, including coverage claims with respect to any claim, act, omission, event, circumstance, occurrence or loss for which the SpinCo Group may make a claim under an insurance policy pursuant to this <u>Section</u> <u>8.02</u>. SpinCo, on behalf of itself and each member of the SpinCo Group, hereby gives consent for the Parent to inform any affected insurer of this Agreement and to provide such insurer, as reasonably necessary, with all or any portion of a copy hereof.

Section 8.03 <u>Claims under SpinCo Insurance Policies</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) At and after the Distribution, the members of each of the Parent Group and the SpinCo Group shall, subject to the terms of this <u>Section</u> <u>8.03</u>, have the right to assert SpinCo Policy Pre-Separation Insurance Matters under the applicable SpinCo insurance policies up to the full extent of the applicable and available limits of liability of such policy subject to the terms and conditions of such policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) With respect to any claims contemplated by <u>Section</u> <u>8.03(a)</u> asserted by members of the Parent Group with respect to the Parent Business, subject to the terms of this <u>Section</u> <u>8.03</u>, members of the Parent Group shall be solely responsible for notifications, and updates to the applicable insurance companies, compliance with all policy terms and conditions, and for the handling, pursuit and collection of such claims.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Members of the Parent Group shall not, without the written consent of SpinCo, amend, modify, waive or release any rights of SpinCo under any such insurance policies and programs. SpinCo shall have primary control over any SpinCo Policy Pre-Separation Insurance Matters relating to both the Parent Business and the SpinCo Business, subject to the terms and conditions of the relevant policy of insurance governing such control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each of Parent and SpinCo shall, and shall cause each member of the Parent Group and SpinCo Group, respectively, to, reasonably cooperate with and assist the applicable member of the SpinCo Group and the Parent Group, as applicable, with respect to claims reported to insurance companies pursuant to <u>Section</u> <u>8.03(a)</u>. With respect to coverage claims or requests for benefits asserted by members of the Parent Group under the insurance policies of the SpinCo Group, SpinCo shall have the right but not the duty to monitor or associate with such claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding anything contained herein, except as provided in this <u>Article</u> <u>VIII</u>, (i) nothing in this Agreement shall limit, waive or abrogate in any manner any rights of any member of the SpinCo Group to insurance coverage for any matter, whether relating to the rights of the Parent Group or otherwise and (ii) SpinCo shall retain the exclusive right to control the insurance policies of the SpinCo Group, and the benefits and amounts payable thereunder, including the right to exhaust, settle, release, commute, buy-back or otherwise resolve disputes with respect to any of such insurance policies and to amend, modify or waive any rights under any such insurance policies, notwithstanding whether any such insurance policies apply to any past, present or future Liabilities of or claims by any member of the Parent Group, including coverage claims with respect to any claim, act, omission, event, circumstance, occurrence or loss for which the Parent Group may make a claim under an insurance policy pursuant to this <u>Section</u> <u>8.03</u>. Parent, on behalf of itself and each member of the Parent Group, hereby gives consent for SpinCo to inform any affected insurer of this Agreement and to provide such insurer, as reasonably necessary, with all or any portion of a copy hereof.

Section 8.04 <u>Insurance Proceeds</u>. Except as set forth on <u>Section</u> <u>8.04</u> <u>of the Disclosure Letter</u>, any Insurance Proceeds received by the Parent Group for the benefit of members of the SpinCo Group or by the SpinCo Group for the benefit of members of the Parent Group, in accordance with <u>Section</u> <u>8.02</u> or <u>Section</u> <u>8.03</u>, shall be transferred, respectively, to the SpinCo Group (in the former case) or the Parent Group (in the latter case). Any Insurance Proceeds received for the benefit of both the Parent Group and the SpinCo Group shall be distributed <u>pro</u> <u>rata</u> based on the respective share of the underlying loss.

Section 8.05 <u>Claims Not Reimbursed</u>. Neither Party shall be liable to the other Party for claims, or portions of claims, not reimbursed by insurers under any policy for any reason, including coinsurance provisions, deductibles, quota share deductibles, self-insured retentions, reimbursement obligations (including under "fronted" or similar insurance policies), bankruptcy or insolvency of any insurance carrier(s), policy limitations or restrictions (including exhaustion of limits), any coverage disputes, any failure to timely file a claim by any member of the Parent Group or any member of the SpinCo Group or any defect in such claim or its processing. To the extent an insurance carrier requires a Party or a member of such Party's Group to make a payment in respect of a deductible, retention or other similar limitation on coverage that is the obligation of

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Section 8.06 <u>D&O Policies</u>. At and after the Distribution, Parent shall not, and shall cause the members of the Parent Group not to, take any action that would limit the coverage of the individuals who acted as directors or officers of SpinCo (or members of the SpinCo Group) prior to the Distribution under any directors and officers liability insurance policies or fiduciary liability insurance policies (collectively, "<u>D&O Policies</u>") maintained by the members of the Parent Group in respect of claims made against and known by Parent prior to the Distribution. Parent shall, and shall cause the members of the Parent Group to, reasonably cooperate with the individuals who acted as directors or officers of SpinCo (or members of the SpinCo Group) prior to the Distribution in their pursuit of any such coverage claims under such D&O Policies which could inure to the benefit of such individuals. Parent shall allow SpinCo and its agents and representatives, upon reasonable prior notice and during regular business hours, to examine the relevant D&O Policies maintained by Parent and members of the Parent Group. Parent shall provide, and shall cause other members of the Parent Group to provide, such cooperation as is reasonably requested by SpinCo in order for SpinCo to have in effect at and after the Distribution new D&O Policies with respect to claims reported at or after the Distribution including for claims relating to acts or omissions prior to the Distribution. Each of SpinCo and Parent shall, and shall cause each member of the SpinCo Group and the Parent Group, respectively, to have in effect at and after the Distribution such D&O Policies as are appropriate in their respective judgments to cover any claims reported at or after the Distribution for which they respectively have written indemnity obligations to directors, officers and employees, including for claims relating to acts or omissions prior to the Distribution.

**ARTICLE IX** 

**FURTHER ASSURANCES AND ADDITIONAL COVENANTS** 

Section 9.01 <u>Further Assurances</u>. In addition to the actions specifically provided for elsewhere in this Agreement, but subject to the express limitations of this Agreement and of the Ancillary Agreements, each of the Parties shall, subject to <u>Section</u> <u>5.03</u>, use reasonable best efforts, prior to, on and after the Distribution Date, to take, or cause to be taken, all actions, and to do, or cause to be done, all things, reasonably necessary, proper or advisable under applicable Laws and agreements to consummate, and make effective, the transactions contemplated by this Agreement.

Section 9.02 <u>Non-Solicitation Covenant</u>. For a period of one (1) year from and after the Distribution Date, neither Party shall, and shall ensure that the other members of such Party's Group shall not, directly or indirectly, (i) solicit or induce or attempt to solicit or induce any executive, any officer or any employee of the other Party's Group to leave employment of such Party's Group or (ii) hire any executive, any officer or any employee, in each case, without the prior written consent of Parent or SpinCo, as applicable; <u>provided</u>, <u>however</u>, that this <u>Section</u> <u>9.02</u> shall not prohibit any general offers of employment to the public, including through a bona fide search firm, so long as it is not specifically targeted toward employees of the Parent Group or the SpinCo Group, as applicable.

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**ARTICLE X** 

**TERMINATION** 

Section 10.01 <u>Termination</u>. This Agreement may be terminated by Parent at any time, in its sole discretion, prior to the Distribution.

Section 10.02 <u>Effect of Termination</u>. In the event of any termination of this Agreement prior to the Distribution, neither Party (nor any member of their Group or any of their respective directors or officers) shall have any Liability or further obligation to the other Party or any member of its Group under this Agreement or the Ancillary Agreements.

**ARTICLE XI** 

**MISCELLANEOUS** 

Section 11.01 <u>Counterparts; Entire Agreement; Corporate Power</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Agreement may be executed in one or more counterparts, all of which counterparts shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each Party and delivered to the other Party. This Agreement may be executed by facsimile or PDF signature and scanned and exchanged by electronic mail, and such facsimile or PDF signature or scanned and exchanged copies shall constitute an original for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) This Agreement, the Ancillary Agreements, the Disclosure Letter and the Appendices, Exhibits and Schedules hereto and thereto contain the entire agreement between the Parties with respect to the subject matter hereof and supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter, and there are no agreements or understandings between the Parties with respect to the subject matter hereof other than those set forth or referred to herein or therein. In the event of conflict or inconsistency between the provisions of this Agreement or any Master Ancillary Agreement, on the one hand, and the provisions of any Local Transfer Agreement (including any provision of a Local Transfer Agreement providing for dispute resolution mechanisms inconsistent with those provided herein), on the other hand, the provisions of this Agreement and any such Master Ancillary Agreement shall prevail and remain in full force and effect, unless otherwise stated in such Master Ancillary Agreement or required by non-waivable local Law. Each Party hereto shall, and shall cause each of its Subsidiaries to, implement the provisions of and the transactions contemplated by the Local Transfer Agreement in accordance with the immediately preceding sentence.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Parent represents on behalf of itself and each other member of the Parent Group, and SpinCo represents on behalf of itself and each other member of the SpinCo Group, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) each such Person has the requisite corporate or other power and authority and has taken all corporate or other action necessary in order to execute, deliver and perform each of this Agreement and each Ancillary Agreement to which it is a party and to consummate the transactions contemplated hereby and thereby; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) this Agreement and each Ancillary Agreement to which it is a party has been (or, in the case of any Ancillary Agreement, will be on or prior to the Distribution Date) duly executed and delivered by it and constitutes, or will constitute, a valid and binding agreement of it enforceable in accordance with the terms hereof or thereof.

Section 11.02 <u>Negotiation</u>. In the event of any dispute arising out of or in connection with this Agreement or any Ancillary Agreement (unless such Ancillary Agreement expressly provides that disputes thereunder will not be subject to the resolution procedures set forth in this <u>Article</u> <u>XI</u>) or the transactions contemplated hereby or thereby, including any Action based on contract, tort, equity, statute, regulation or constitution (collectively, "<u>Disputes</u>"), the Party raising the Dispute shall first give written notice of the Dispute (a "<u>Dispute Notice</u>"), and the chief legal officers of the Parties (or such other individuals designated by the respective chief legal officers) or the executive officers designated by the Parties shall negotiate for a reasonable period of time to settle such Dispute; <u>provided</u>, that such reasonable period shall not, unless otherwise agreed by the Parties in writing, exceed thirty (30) days (the "<u>Negotiation Period</u>") from the time of receipt of the Dispute Notice; <u>provided</u>, <u>further</u>, that in the event of any arbitration in accordance with <u>Section</u> <u>11.03</u>, the Parties shall not assert the defenses of statute of limitations, laches or any other defense, in each such case based on the passage of time during the Negotiation Period.

Section 11.03 <u>Arbitration</u>. If the Dispute has not been resolved for any reason within the Negotiation Period, such Dispute shall thereafter be settled by final and binding arbitration under the Rules of Arbitration ("<u>Rules</u>") of the International Chamber of Commerce (the "<u>ICC</u>") by a single arbitrator appointed in accordance with the said Rules, except as provided in <u>Section</u> <u>11.04</u> or as otherwise modified herein. No award or procedural order made in the arbitration shall be published.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The arbitrator shall be a member in good standing of the Bar of the Supreme Court of Delaware for at least ten (10) years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The arbitration shall be held, and the award shall be rendered, in New York, New York, in the English language.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Time is of the essence for any arbitration under this agreement and arbitration hearings shall conclude within one hundred and eighty (180) days of the date of signature of the Terms of Reference (as described in the Rules) and awards rendered within ninety (90) days thereafter. The arbitrator shall agree to these limits prior to accepting appointment.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For the avoidance of doubt, by submitting their Dispute to arbitration under the Rules, the Parties expressly agree that all issues of arbitrability, including all issues concerning the propriety and timeliness of the commencement of the arbitration, the jurisdiction of the Arbitral Tribunal (including the scope of this agreement to arbitrate and the extent to which a Dispute is within that scope), and the procedural conditions for arbitration, shall be finally and solely determined by the Arbitral Tribunal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Without derogating from <u>Section</u> <u>11.03(f)</u>, the Arbitral Tribunal or any Emergency Arbitrator shall have the full authority to grant any pre-arbitral injunction, pre-arbitral attachment, interim or conservatory measure or other order in aid of arbitration proceedings ("<u>Interim Relief</u>"). The Parties shall exclusively submit any application for Interim Relief to only: (A) the Arbitral Tribunal; or (B) prior to the constitution of the Arbitral Tribunal, an emergency arbitrator appointed in the manner provided for in the Rules (the "<u>Emergency Arbitrator</u>"). Any Interim Relief so issued shall, to the extent permitted by applicable Law, be deemed a final arbitration award for purposes of enforceability, and, moreover, shall also be deemed a term and condition of this Agreement subject to specific performance in <u>Section</u> <u>11.04</u>. The foregoing procedures shall constitute the exclusive means of seeking Interim Relief; <u>provided</u>, <u>however</u>, that (i) the Arbitral Tribunal shall have the power to continue, review, vacate or modify any Interim Relief granted by an Emergency Arbitrator; and (ii) in the event an Emergency Arbitrator or the Arbitral Tribunal issues an order granting, denying or otherwise addressing Interim Relief (a "<u>Decision on Interim Relief</u>"), any Party may apply to enforce or require specific performance of such Decision on Interim Relief in any court of competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Arbitral Tribunal shall have the power to grant any remedy or relief that is in accordance with the terms of this Agreement or the applicable Ancillary Agreement, including specific performance and temporary or final injunctive relief, <u>provided</u>, <u>however</u>, that except as provided in <u>Section</u> <u>11.12</u>, the Arbitral Tribunal shall have no authority or power to limit, expand, alter, amend, modify, revoke or suspend any condition or provision of this Agreement or any Ancillary Agreement, nor any right or power to award indirect, special, punitive, consequential, exemplary, enhanced or treble damages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Arbitral Tribunal shall have the power to allocate the costs and fees of the arbitration, including reasonable attorneys' fees and expenses and costs as well as those costs and fees addressed in the Rules, between the Parties in the manner it deems fit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Arbitration under this <u>Article</u> <u>XI</u> shall be the sole and exclusive remedy for any Dispute, and any award rendered thereby shall be final and binding upon the Parties as from the date rendered. Judgment on the award rendered by the Arbitral Tribunal may be entered in any state or federal court within the State of Delaware (which courts the Parties hereby agree have jurisdiction over them to enforce any such award) and any other court having jurisdiction over the relevant Party or its Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The International Court of Arbitration of the ICC shall, at the request of a Party, consolidate two or more arbitrations pending under the Rules into a single arbitration, where all of the claims in the arbitrations are made under the Agreement or the Ancillary Agreements. When arbitrations are consolidated, they shall be consolidated into the arbitration that commenced first, unless otherwise agreed by all parties to the arbitrations.

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Section 11.04 <u>Specific Performance</u>. Subject to <u>Section</u> <u>11.02</u> and <u>Section</u> <u>11.03</u>, except as provided below, in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement or any applicable Ancillary Agreement, the affected Party shall have the right to specific performance, declaratory relief and injunctive or other equitable relief (on a permanent, emergency, temporary, preliminary or interim basis) of its rights under this Agreement or any applicable Ancillary Agreement, in addition to any and all other rights and remedies at Law or in equity, and all such rights and remedies shall be cumulative. The other Party shall not oppose the granting of such relief on the basis that money damages are an adequate remedy. The Parties agree that the remedies at Law for any breach or threatened breach hereof, including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at Law would be adequate is hereby waived. Any requirements for the securing or posting of any bond or similar security with such remedy are hereby waived. For the avoidance of doubt, the rights pursuant to this <u>Section</u> <u>11.04</u> shall be pursued in arbitration under <u>Section</u> <u>11.03</u>.

Section 11.05 <u>Confidentiality</u>. The Parties agree that any arbitration hereunder shall be kept confidential, and that the existence of the proceeding and all of its elements (including any pleadings, briefs or other documents or evidence submitted or exchanged, any testimony or other oral submissions, and any awards) shall be deemed confidential, and shall not be disclosed beyond the Arbitral Tribunal, the Parties, their counsel, and any Person necessary to the conduct of the proceeding, except as and to the extent required by applicable Law or stock exchange rule or to defend or pursue any legal right or to the extent required for financial reporting or the audit of applicable financial statements. In the event any Party makes application to any court in connection with this <u>Section</u> <u>11.05</u> (including any for Interim Relief or proceedings to enforce a final award), that Party shall take all steps reasonably within its power to cause such application, and any exhibits (including copies of any award or decisions of the Arbitral Tribunal or Emergency Arbitrator) to be filed under seal (other than with respect to materials already publicly available), shall oppose any challenge by any third party to such sealing, and shall give the other Party prompt (and, in any event, within one business day) notice of such challenge.

Section 11.06 <u>No Set-Off</u><u>; Payments</u>. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement or as otherwise mutually agreed to in writing by the Parties, (a) neither Party nor any member of such Party's Group shall have any right of set-off or other similar rights with respect to (i) amounts payable pursuant to this Agreement or any Ancillary Agreement or (ii) any other amounts claimed to be owed to the other Party or any member of its Group arising out of this Agreement or any Ancillary Agreement and (b) any amounts payable pursuant to this Agreement (including pursuant to <u>Section</u> <u>2.03(d)(iii)</u>) or any Ancillary Agreement shall be settled in the manner and on the timeframes provided on <u>Section</u> <u>11.06</u> <u>of the Disclosure Letter</u>.

Section 11.07 <u>Continuity of Service and Performance</u>. Unless otherwise agreed in writing, the Parties shall continue to provide services and honor all other commitments under this Agreement and each Ancillary Agreement during the course of dispute resolution pursuant to the provisions of <u>Section</u> <u>11.02</u>, <u>Section</u> <u>11.03</u>, <u>Section</u> <u>11.04</u> or <u>Section</u> <u>11.05</u> with respect to all matters not subject to such dispute resolution.

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Section 11.08 <u>Governing Law</u>. This Agreement and any disputes relating to, arising out of or resulting from this Agreement, including to its execution, performance, or enforcement, shall be governed by, and construed and enforced in accordance with, the Laws of the State of Delaware, regardless of the Laws that might otherwise govern under applicable principles of conflicts of Laws thereof.

Section 11.09 <u>Assignability</u>. Except as otherwise provided for in this Agreement, neither this Agreement nor any right, interest or obligation arising under this Agreement shall be assignable (including by means of a divisional or divisive merger or similar transaction), in whole or in part, directly or indirectly, by either Party without the prior written consent of the other Party, and any attempt to assign any rights, interests or obligations arising under this Agreement without such consent shall be void; <u>provided</u>, that (i) a Party may assign any or all of its rights, interests and obligations hereunder to a member of such Party's Group, so long as such assignee agrees pursuant to an agreement in writing reasonably satisfactory to the other Party to be bound by the terms of this Agreement as if named a "Party" hereto and (ii) a Party may assign this Agreement or any or all of the rights, interests and obligations hereunder in connection with a merger, divisive merger, reorganization or consolidation transaction in which such Party is a constituent party but not the surviving entity or the sale by such Party of all or substantially all of its Assets, so long as the surviving entity of such merger, reorganization or consolidation transaction or the transferee of such Assets shall assume all the obligations of the relevant Party by operation of law or pursuant to an agreement in writing, reasonably satisfactory to the other Party, to be bound by the terms of this Agreement as if named as a "Party" hereto; <u>provided</u>, <u>further</u>, that no assignment permitted by clauses (i) or (ii) of this <u>Section</u> <u>11.09</u> shall release the assigning Party from liability for the full performance of its obligations under this Agreement, unless agreed to in writing by the non-assigning Party. In the case of any assignment permitted by this <u>Section</u> <u>11.09</u>, the assigning Party shall provide prompt written notice of such assignment to the non-assigning Party.

Section 11.10 <u>Third-Party Beneficiaries</u>. Except as expressly set forth in <u>Section</u> <u>7.10</u>, the rights of the members of each Party's Group as set forth herein, and for the indemnification rights under this Agreement of any Parent Indemnitee or SpinCo Indemnitee in his, her or its capacity as such, (a) the provisions of this Agreement are solely for the benefit of the Parties hereto and are not intended to confer upon any Person except the Parties hereto any rights or remedies hereunder and (b) there are no third-party beneficiaries of this Agreement and this Agreement shall not provide any third person with any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this Agreement.

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Section 11.11 <u>Notices</u>. All notices or other communications under this Agreement shall be in writing and shall be deemed to be duly given (a) when delivered in person, (b) on the date received, if sent by a nationally recognized delivery or courier service, (c) upon written confirmation of receipt after transmittal by electronic mail (followed by delivery of an original via overnight courier service) or (d) upon the earlier of confirmed receipt or the fifth (5th) business day following the date of mailing if sent by registered or certified mail, return receipt requested, postage prepaid and addressed as follows:

If to Parent, to:

Aptiv PLC

Spitalstrasse 5

8200 Schaffhausen, Switzerland

Attention: [\*\*\*]

E-mail: [\*\*\*]

with a copy (which shall not constitute notice) to:

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, New York 10019

Attention: Steven J. Williams

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Andrew D. Krause

E-mail: swilliams@paulweiss.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; akrause@paulweiss.com

If to SpinCo, to:

Versigent PLC

Spitalstrasse 5

8200 Schaffhausen, Switzerland

Attn: [\*\*\*]

Email: [\*\*\*]

Either Party may, by notice to the other Party, change the address and identity of the Person to which such notices and copies of such notices are to be given. Each Party agrees that nothing in this Agreement shall affect the other Party's right to serve process in any other manner permitted by Law (including pursuant to the rules for foreign service of process authorized by the Hague Convention).

Section 11.12 <u>Severability</u>. If any provision of this Agreement or the application thereof to any Person or circumstance is determined by an arbitrator or court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances, or in jurisdictions other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to either Party. Upon any such determination, any such provision, to the extent determined to be invalid, void or unenforceable, shall be deemed replaced by a provision that such arbitrator or court determines is valid and enforceable and that comes closest to expressing the intention of the invalid, void or unenforceable provision.

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Section 11.13 <u>Publicity</u>. SpinCo shall consult with Parent and shall, subject to the requirements of <u>Section</u> <u>7.09</u>, provide Parent the opportunity to review and comment upon any press releases or other public statements in connection with the Spin-Off or any of the other transactions contemplated hereby and any filings with any Governmental Authority or national securities exchange with respect thereto, in each case prior to the issuance or filing thereof, as applicable (including the Information Statement, SpinCo's Current Reports on Form 8-K to be filed on the Distribution Date, SpinCo's Quarterly Reports on Form 10-Q filed with respect to the fiscal quarter during which the Distribution Date occurs, or if such quarter is the fourth fiscal quarter, SpinCo's Annual Reports on Form 10-K filed with respect to the fiscal year during which the Distribution Date occurs (each such Quarterly Report on Form 10-Q or Annual Report on Form 10-K, a "<u>First Post-Distribution Repor</u>t")). SpinCo's obligations pursuant to this <u>Section</u> <u>11.13</u> shall terminate on the date on which SpinCo's First Post-Distribution Report is filed with the Commission.

Section 11.14 <u>Expenses</u>. Except as set forth on <u>Section</u> <u>11.14</u> <u>of the Disclosure Letter</u>, or as otherwise expressly provided in this Agreement or in any Ancillary Agreement, (i) all third-party fees, costs and expenses incurred by either the Parent Group or the SpinCo Group in connection with effecting the Spin-Off prior to or on the Distribution Date (but excluding, for the avoidance of doubt, any financing fees, discounts or interest payable in respect of any indebtedness incurred by SpinCo in connection with the Spin-Off), will be borne and paid by Parent and (ii) all third-party fees, costs and expenses incurred by either the Parent Group or the SpinCo Group in connection with effecting the Spin-Off following the Distribution Date, will be borne and paid by the Party incurring such fee, cost or expense. For the avoidance of doubt, this <u>Section</u> <u>11.14</u> shall not affect each Party's responsibility to indemnify Parent Liabilities or SpinCo Liabilities, as applicable, arising from the transactions contemplated by the Distribution.

Section 11.15 <u>Headings</u>. The article, section and paragraph headings contained in this Agreement, including in the table of contents of this Agreement, are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

Section 11.16 <u>Survival of Covenants</u>. Except as expressly set forth in this Agreement, the covenants in this Agreement and the Liabilities for the breach of any obligations in this Agreement shall survive the Spin-Off and shall remain in full force and effect.

Section 11.17 <u>Waivers of Default</u>. No failure or delay of any Party (or the applicable member of its Group) in exercising any right or remedy under this Agreement or any Ancillary Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. Waiver by any Party of any default by the other Party of any provision of this Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default.

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Section 11.18 <u>Amendments</u>. No provisions of this Agreement shall be deemed waived, amended, supplemented or modified by any Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of each Party.

Section 11.19 <u>Interpretation</u>. Words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include the other gender as the context requires. The terms "hereof," "herein," "herewith" and words of similar import, unless otherwise stated, shall be construed to refer to this Agreement as a whole (including the Disclosure Letter) and not to any particular provision of this Agreement. Article or Section references are to the Articles and Sections of or to this Agreement or the Disclosure Letter, as applicable, unless otherwise specified. Any capitalized terms used in the Disclosure Letter or in any Schedule to any Ancillary Agreement but not otherwise defined therein shall have the meaning as defined in the Disclosure Letter or the Ancillary Agreement to which such Schedule is attached, as applicable. Any definition of or reference to any agreement, instrument or other document herein (including any reference herein to this Agreement) shall, unless otherwise stated, be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth therein, including in <u>Section</u> <u>11.18</u>). The word "including" and words of similar import when used in this Agreement shall mean "including, without limitation," unless the context otherwise requires or unless otherwise specified. The word "or" shall not be exclusive. The word "extent" in the phrase "to the extent" shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply "if." All references to "$" or dollar amounts are to the lawful currency of the United States of America. References herein to any Law shall be deemed to refer to such law as amended, reenacted, supplemented or superseded in whole or in part and in effect from time to time and also to all rules and regulations promulgated thereunder. In the event that an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring either Party by virtue of the authorship of any provisions hereof.

[*Remainder of page left intentionally blank; signature pages follow.*]

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IN WITNESS WHEREOF, the Parties have caused this Separation and Distribution Agreement to be executed as of the date first noted above by their duly authorized representatives.

---

| | |
|:---|:---|
| **APTIV PLC** | **APTIV PLC** |
| By: | /s/ Varun Laroyia |
|  | Name: Varun Laroyia |
|  | Title: Executive VP & CFO |
| **VERSIGENT LIMITED** | **VERSIGENT LIMITED** |
| By: | /s/ Timothy Seitz |
|  | Name: Timothy Seitz |
|  | Title: Director |

---

[*Signature Page to Separation and Distribution Agreement*]

## Exhibit 3.1

**Exhibit 3.1** 

**COMPANIES (JERSEY) LAW 1991** 

**MEMORANDUM** 

**AND** 

**ARTICLES OF ASSOCIATION** 

**OF** 

**VERSIGENT PLC** 

***a par value public limited company***

Company number: 159788

**Carey Olsen Jersey LLP** 

**47 Esplanade** 

**St. Helier** 

**Jersey** 

**JE1 0BD** 

**Channel Islands** 

------

**COMPANIES (JERSEY) LAW 1991 (the "Law")** 

**MEMORANDUM OF ASSOCIATION** 

**OF** 

**VERSIGENT PLC** 

(the "**Company**")

***a par value public limited company***

**1.** **INTERPRETATION** 

Words and expressions contained in this Memorandum of Association have the same meanings as in the Law.

**2.** **COMPANY NAME** 

The name of the Company is Versigent PLC.

**3.** **TYPE OF COMPANY** 

3.1 The Company is a public company.

3.2 The Company is a par value company.

**4.** **NUMBER OF SHARES** 

The share capital of the Company is US$12,500,000 divided into 1,200,000,000 ordinary shares of US$0.01 each and 50,000,000 preferred shares of US$0.01 each (which may be issued in such class or classes as the Directors may determine in accordance with the Articles of Association of the Company).

**5.** **LIABILITY OF MEMBERS** 

The liability of a member arising from the holding of a share in the Company is limited to the amount (if any) unpaid on it.

------

**COMPANIES (JERSEY) LAW 1991** 

**ARTICLES OF ASSOCIATION** 

**OF** 

**VERSIGENT PLC** 

***a par value public limited company***

**CONTENTS** 

---

| | | |
|:---|:---|:---|
| 1. | INTERPRETATION | 1 |
| 2. | SHARE CAPITAL | 5 |
| 3. | SHARE PREMIUM ACCOUNT | 8 |
| 4. | ALTERATION OF SHARE CAPITAL | 9 |
| 5. | VARIATION OF RIGHTS | 9 |
| 6. | REGISTER OF MEMBERS | 10 |
| 7. | SHARE CERTIFICATES | 10 |
| 8. | LIEN | 11 |
| 9. | CALLS ON SHARES | 12 |
| 10. | FORFEITURE OF SHARES | 13 |
| 11. | TRANSFER OF SHARES | 14 |
| 12. | TRANSMISSION OF SHARES | 16 |
| 13. | GENERAL MEETINGS | 16 |
| 14. | CLASS MEETINGS | 17 |
| 15. | NOTICE OF GENERAL MEETINGS | 17 |
| 16. | PROCEEDINGS AT GENERAL MEETINGS | 18 |
| 17. | VOTES OF MEMBERS | 20 |
| 18. | CORPORATE MEMBERS | 24 |

---

------

---

| | | |
|:---|:---|:---|
| 19. | DIRECTORS | 25 |
| 20. | ALTERNATE DIRECTORS | 25 |
| 21. | POWERS OF DIRECTORS | 26 |
| 22. | DELEGATION OF DIRECTORS' POWERS | 26 |
| 23. | APPOINTMENT OF DIRECTORS | 26 |
| 24. | RESIGNATION, DISQUALIFICATION AND REMOVAL OF DIRECTORS | 28 |
| 25. | REMUNERATION AND EXPENSES OF DIRECTORS | 29 |
| 26. | EXECUTIVE DIRECTORS | 29 |
| 27. | DIRECTORS' INTERESTS | 30 |
| 28. | PROCEEDINGS OF DIRECTORS | 31 |
| 29. | MINUTE BOOK | 32 |
| 30. | SECRETARY | 33 |
| 31. | THE SEAL | 34 |
| 32. | AUTHENTICATION OF DOCUMENTS | 34 |
| 33. | DIVIDENDS | 34 |
| 34. | CAPITALISATION OF PROFITS | 36 |
| 35. | ACCOUNTS AND AUDIT | 37 |
| 36. | NOTICES | 38 |
| 37. | WINDING UP | 40 |
| 38. | INDEMNITY | 40 |
| 39. | FIXING RECORD DATE | 40 |
| 40. | UNTRACED MEMBERS | 41 |
| 41. | NON-APPLICATION OF STANDARD TABLE | 42 |

---

------

**COMPANIES (JERSEY) LAW 1991** 

**ARTICLES OF ASSOCIATION** 

**OF** 

**VERSIGENT PLC** 

***a par value public limited company***

1. **INTERPRETATION** 

1.1 In these Articles, unless the context or law otherwise requires, the following words and expressions shall have
the meanings respectively assigned to them below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.1 "**Annual General Meeting**" has the meaning ascribed to it in Article 13.2;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.2 "**these Articles**" means these Articles of Association in their present form or as from time
to time amended;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.3 "**Auditors**" means the auditors of the Company appointed pursuant to these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.4 "**Bankrupt**" has the meaning ascribed to it in the Interpretation (Jersey) Law, 1954;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.5 "**Clear Days**" means in relation to the period of a Notice that period excluding the day when
the Notice is served or deemed to be served and the day for which it is given or on which it is to take effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.6 "**Company**" means the company incorporated under the Law in respect of which these Articles
have been registered;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.7 "**Directors**" or "**Board of Directors**" means the directors of the Company
for the time being;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.8 "**electronic**" has the meaning given to the word "electronic" in the Electronic
Communications Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.9 "**Electronic Communications Law**" means the Electronic Communications (Jersey) Law 2000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.10 "**electronic signature**" has the meaning given to the expression "electronic
signature" in the Electronic Communications Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.11 "**Exchange Act**" has the meaning ascribed to it in Article 23.6;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.12 "**Extraordinary General Meeting**" has the meaning ascribed to it in Article 13.2;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.13 "**Group**" means the Versigent group of companies from time to time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.14 "**Group Company**" means any company (including the Company) which is part of the Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.15 "**Holder**" means in relation to shares the Member whose name is entered in the Register as the
holder of the shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.16 "**the Law**" means the Companies (Jersey) Law 1991 and any subordinate legislation from time to
time made thereunder, including any statutory modifications or re-enactments for the time being in force;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.17 "**Member**" means the subscribers to the Memorandum of Association of the Company and any other
Person whose name is entered in the Register as the Holder of shares in the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.18 "**Month**" means calendar month;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.19 "**Notice**" means a notice in Writing unless otherwise specifically stated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.20 "**Office**" means the registered office of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.21 "**Officer**" includes a Secretary but otherwise has the meaning ascribed to it in the Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.22 "**Ordinary Resolution**" means a resolution of the Company in general meeting adopted by a
simple majority of the votes cast at that meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.23 "**Ordinary Share**" means an ordinary share in the capital of the Company with a nominal value
of US$0.01 and having the rights attaching thereto prescribed in these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.24 "**Paid Up**" includes credited as paid up;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.25 "**Persons**" includes associations and bodies of persons, whether corporate or unincorporate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.26 "**Preferred Share**" means a preferred share in the capital of the Company with a nominal value
of US$0.01 designated as a Preferred Share by the Directors and allotted and issued in one or more classes in accordance with the provisions of the Law and these Articles and having the rights provided for in these Articles and in any Statement of
Rights. In these Articles, except when referred to under their separate classes, the term Preferred Shares shall mean all such shares;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.27 "**Present** ":

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in relation to general meetings of the Company and to meetings of the Holders of any class of shares includes
present in person or present by attorney or by proxy or in the case of a corporate shareholder by representative; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in relation to Virtual Meetings means present by means of participating in a communication in accordance with
the Law and, in relation to physical meetings at which Virtual Attendance is permitted, includes present by way of Virtual Attendance in accordance with the Law,

but a Member shall not be regarded as Present at a meeting unless the Member is entitled to attend and vote at that meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.28 "**Register**" means the register of Members required to be kept pursuant to Article 41 of the
Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.29 "**Seal**" means the common seal of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.30 "**Secretary**" means any Person appointed to perform any of the duties of secretary of the
Company (including an assistant or deputy secretary) and in the event of two or more Persons being appointed as joint secretaries any one or more of the Persons so appointed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.31 "**Signed**" includes a signature or representation of a signature affixed by mechanical or
other means (including electronic) and where a document is to be signed by a company, an association or a body of Persons the word "**Signed**" shall be construed as including the signature of a duly authorised representative on its
behalf as well as any other means by which it would normally execute the document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.32 "**Special Resolution**" means a resolution of the Company passed as a special resolution in
accordance with the Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.33 "**Statement of Rights**" in relation to each class of Preferred Share, a memorandum approved by
the Directors setting out the specific rights and obligations attaching to the Preferred Shares of such class which are in addition to those rights and obligations contained in and determined in accordance with these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.34 "**subsidiary**" has the meaning ascribed to it by Article 2(1) of the Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.35 "**Virtual Attendance**" means the attendance at a meeting by persons entitled to do so solely
by means of participating in a communication in accordance with the Law where certain other persons entitled to do so attend that meeting by being physically present together at a meeting place;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.36 "**Virtual Meeting**" means a meeting at which all persons (being persons entitled to
participate in that meeting) participate in that meeting solely by means of participating in a communication in accordance with the Law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.37 "**in Writing**" includes written, printed, telexed, electronically transmitted or represented
or reproduced by any other mode of representing or reproducing words in a visible form.

1.2 Save as defined herein and unless the context otherwise requires, words or expressions contained in these
Articles shall bear the same meaning as in the Law but excluding any statutory modification thereof not in force when these Articles become binding on the Company.

1.3 In these Articles, unless the context or law otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.1 where, in relation to a document in electronic form, these Articles refer to "executed", the
reference is to such document being "signed" within the meaning of the Electronic Communications Law, and "execute" and "execution" shall be construed accordingly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.2 references to a document or information being "sent", "supplied" or "given"
to or by a person mean such document or information, or a copy of such document or information, being sent, supplied, given, delivered, issued or made available to or by, or served on or by, or deposited with or by that person by any method
authorised by these Articles, and "sending", "supplying" and "giving" shall be construed accordingly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.3 references to "writing" mean the representation or reproduction of words, symbols or other
information in a visible form by any method or combination of methods, whether in electronic form or otherwise, and "written" shall be construed accordingly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.4 words and expressions which are cognate to those defined in Article 1.1 shall be construed accordingly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.5 the word "**may**" shall be construed as permissive and the word "**shall** "
shall be construed as imperative;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.6 words importing the singular number only shall be construed as including the plural number and *vice versa*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.7 words importing the masculine gender only shall be construed as including the feminine and neuter genders;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.8 the word "**dividend**" has the meaning ascribed to the word "distribution" in
Article 114 of the Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.9 references to enactments are to such enactments as are from time to time modified, re-enacted or consolidated and shall include any enactment made in substitution for an enactment that is repealed; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.10 references to a numbered Article are to the Article so numbered of these Articles.

1.4 The clause and paragraph headings in these Articles are for convenience only and shall not be taken into
account in the construction or interpretation of these Articles.

2. **SHARE CAPITAL** 

2.1 The share capital of the Company is as specified in the Memorandum of Association and the shares of the Company
shall have the rights and be subject to the conditions contained in these Articles and, in the case of any Preferred Share of any class to the Statement of Rights relating thereto.

2.2 The rights attaching to Ordinary Shares are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.1 **As regards income** – Subject to the Law and the provisions of these Articles, each Ordinary Share
shall confer on the holder thereof the right to receive such profits of the Company available for distribution as the Directors may declare or the Members may resolve by Ordinary Resolution after any payment to the Members holding shares of any
other class other than Ordinary Shares of any amount then payable in accordance with the relevant Statement of Rights or other terms of issue of that class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.2 **As regards capital** – If the Company is wound up, the holder of an Ordinary Share shall be
entitled, following payment to the Members holding shares of any other class other than Ordinary Shares of all amounts then payable to them in accordance with the relevant Statement of Rights or other terms of issue of that class, to repayment of
the nominal amount of the capital paid up thereon and thereafter any surplus assets of the Company then remaining shall be distributed *pari passi* among the holders of the Ordinary Shares in proportion to the amounts paid up thereon (whether
on account of the nominal value of the shares or by way of premium).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.3 **As regards voting** – At any general meeting of the Company and any separate class meeting of the
holders of Ordinary Shares every holder of Ordinary Shares who is present in person or by proxy shall have one vote for every Ordinary Share of which he is the holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.4 **As regards redemption** – the Ordinary Shares are not redeemable (without prejudice to Articles 2.8
and 2.14).

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2.3 Subject to the provisions of these Articles, the rights and obligations attaching to any Preferred Share shall
be determined at the time of issue by the Directors in their absolute discretion. Each Preferred Share shall be issued by the Directors on behalf of the Company as part of a class. The rights and obligations attaching to each class of Preferred
Shares in addition to those set out in these Articles shall be set out in a Statement of Rights.

2.4 The Statement of Rights in respect of each class of Preferred Shares may, without limitation, comprise or
include:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.1 the class to which each Preferred Share shall belong, such class to be designated with a class number and, if
the Directors so determine, title;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.2 details of any dividends payable in respect of the relevant class;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.3 details of rights attaching to shares of the relevant class to receive a return of capital on a winding up of
the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.4 details of the voting rights attaching to shares of the relevant class (which may provide, without limitation,
that each Preferred share shall have more than one vote on a poll at any general meeting of the Company);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.5 a statement as to whether shares of the relevant class are redeemable (either at the option of the Shareholder
and/or the Company) and, if so, on what terms such shares are redeemable (including, without limitation, and only if so determined by the Directors, the amount for which such shares shall be redeemed (or a method or formula for determining the same)
and the date on which they shall be redeemed);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.6 a statement as to whether shares of the relevant class are convertible (either at the option of the Shareholder
and/or the Company) and, if so, on what terms such shares are convertible;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.7 any other rights, obligations and restrictions attaching to Preferred Shares of any class as the Directors may
determine in their discretion; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.8 the price at which shares of the relevant class shall be issued.

2.5 Once a Statement of Rights has been adopted for a class of Preferred Share, then:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5.1 it shall be binding on Members and Directors as if contained in these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5.2 the provisions of Article 5.1 shall apply to any variation or abrogation thereof that may be effected by the
Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5.3 each Statement of Rights shall be filed on behalf of the Company with the Registrar of Companies in Jersey
pursuant to and in accordance with Article 54 of the Law;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5.4 all moneys payable on or in respect of any Preferred Share which is the subject thereof (including, without
limitation, the subscription and any redemption moneys in respect thereof) shall be paid in the currency for which such Preferred Share is issued; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5.5 upon the redemption of a Preferred Share (if it is redeemable) pursuant to the Statement of Rights relating
thereto, the holder thereof shall cease to be entitled to any rights in respect thereof and accordingly his name shall be removed from the Register and the share shall thereupon be cancelled.

2.6 Without prejudice to any special rights for the time being conferred on the Holders of any shares or class of
shares (which special rights shall not be varied or abrogated except with such consent or sanction as is hereinafter provided) any share or class of shares in the capital of the Company may be issued with such preferred, deferred or other special
rights or such restrictions whether in regard to dividends, return of capital, voting or otherwise as the Directors may from time to time determine.

2.7 The Company may issue fractions of shares in accordance with and subject to the provisions of the Law provided
that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7.1 a fraction of a share shall be taken into account in determining the entitlement of a Member as regards
dividends or on a winding up; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7.2 a fraction of a share shall not entitle a Member to a vote in respect thereof.

2.8 Otherwise than as set out in Article 2.14 and subject to the provisions of the Law, the Company may from time
to time:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8.1 issue; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8.2 convert any existing non-redeemable shares (whether issued or not)
into,

shares which are to be redeemed or are liable to be redeemed at the option of the Company or at the option of the Holder thereof and on such terms and in such manner as may be determined by Special Resolution.

2.9 Subject to the provisions of the Law, the Company may purchase its own shares of any class (including
redeemable shares) and in relation thereto, neither the Company nor the Directors shall be required to select the shares to be purchased rateably or in any other particular manner as between the holders of shares of the same class or as between them
and the holders of shares of any other class or in accordance with the rights as to dividends or capital conferred by any class of shares.

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2.10 Subject to the provisions of these Articles, the unissued shares for the time being in the capital of the
Company shall be at the disposal of the Directors who may allot, grant options over or otherwise dispose of them to such Persons at such times and generally on such terms and conditions as they think fit. Securities, contracts, warrants or other
instruments evidencing any Preferred or Ordinary Shares, option rights, securities having conversion or option rights or obligations may also be issued by the Directors without the approval of the Members or entered into by the Company upon a
resolution of the Directors to that effect on such terms, conditions and other provisions as are fixed by the Directors including, without limitation, conditions that preclude or limit any person owning or offering to acquire a specified number or
percentage of the shares of the Company in issue, other shares, option rights, securities having conversion or option rights or obligations of the Company or the transferee of such person from exercising, converting, transferring or receiving the
shares, option rights, securities having conversion or option rights or obligations.

2.11 The Directors may allot and issue shares in the Company to any person without any obligation to offer such
shares to the Members (whether in proportion to the existing shares held by them or otherwise).

2.12 The Company may pay commissions as permitted by the Law. Subject to the provisions of the Law any such
commission may be satisfied by the payment of cash or by the allotment of fully or partly paid shares or partly in one way and partly in the other.

2.13 Except as otherwise provided by these Articles or by law, no Person shall be recognised by the Company as
holding any share upon any trust and the Company shall not be bound by or be compelled in any way to recognise any equitable, contingent, future or partial interest in any share or any interest in any fraction of a share or any other right in
respect of any share except an absolute right to the entirety thereof in the Holder.

2.14 Notwithstanding any other provision of these Articles, and subject to the provisions of the Law, where the
Company wishes to purchase its own shares the Directors shall have the authority to instead elect to convert any or all of those shares into redeemable shares that shall be redeemed by the Company upon such terms and conditions as the Directors may
decide at the relevant time. The Directors may convert, and the Company may redeem, any relevant shares in accordance with this Article as they in their absolute discretion decide and there shall be no obligation on the Directors or Company to offer
to convert and redeem any other shares held by any other Members and no Member shall have any rights to require their shares to be considered for conversion and redemption.

2.15 Subject to the provisions of the Law, the Company may hold as treasury shares any shares purchased or redeemed
by it.

3. **SHARE PREMIUM ACCOUNT** 

3.1 Except as provided in Article 3.2, where the Company issues shares at a premium, the amount or value (as
determined by the Directors) of any premiums shall be transferred, as and when the premiums are Paid Up, to a share premium account which shall be kept in the books of the Company in the manner required by the Law. The sums for the time being
standing to the credit of the share premium account shall be applied only in accordance with the Law.

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3.2 Where the Law permits the Company to refrain from transferring any amount to a share premium account, that
amount need not be so transferred; but the Directors may if they think fit nevertheless cause all or any part of such amount to be transferred to the relevant share premium account.

3.3 The Directors may transfer an amount to a share premium account of the Company from any other account of the
Company (other than the capital redemption reserve or the nominal capital account).

4. **ALTERATION OF SHARE CAPITAL** 

4.1 The Company may by Special Resolution alter its share capital as stated in the Memorandum of Association in any
manner permitted by the Law.

4.2 Any new shares created on an increase or other alteration of share capital shall be issued upon such terms and
conditions as the Company may by Ordinary Resolution determine.

4.3 Any capital raised by the creation of new shares shall, unless otherwise provided by the conditions of issue of
the new shares, be considered as part of the original capital and the new shares shall be subject to the provisions of these Articles with reference to the payment of calls, transfer and transmission of shares, lien or otherwise applicable to the
existing shares in the Company.

4.4 Subject to the provisions of the Law the Company may by Special Resolution reduce its share capital and its
share premium account in any way.

5. **VARIATION OF RIGHTS** 

5.1 Whenever the capital of the Company is divided into different classes of shares the special rights attached to
any class may (unless otherwise provided by the terms of issue of the shares of that class) be varied or abrogated either whilst the Company is a going concern or during or in contemplation of a winding up with the sanction of an Ordinary Resolution
passed at a separate meeting of the Holders of shares of that class.

5.2 To every such separate meeting all the provisions of these Articles and of the Law relating to general meetings
of the Company or to the proceedings thereat shall apply *mutatis mutandis* except that the necessary quorum shall be a Person or Persons together holding or representing a majority of the issued shares of that class but so that if at any
adjourned meeting of such Holders a quorum as above defined is not Present those Holders who are Present shall be a quorum.

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5.3 The special rights conferred upon the Holders of any shares or class of shares issued with preferred, deferred
or other special rights shall (unless otherwise expressly provided by the conditions of issue of such shares) be deemed not to be varied by the creation or issue of further shares ranking ahead, after or *pari passu* therewith. The rights
conferred upon the holders of Ordinary Shares shall be deemed not to be varied by the creation or issue of any Preferred Shares or any other class of preferred or preference share with such special rights attaching to them as may be set out in a
Statement of Rights or other terms of issue or the redemption or conversion of Preferred Shares of any class or preferred or preference shares of any class in accordance with the applicable Statement of Rights or other terms of issue. The rights
conferred upon the holders of Ordinary Shares shall be deemed not to be varied by the conversion and redemption of Ordinary Shares in accordance with Article 2.14 or any purchase or redemption by the Company of its own shares.

6. **REGISTER OF MEMBERS** 

6.1 The Directors shall maintain or cause to be maintained a Register in the manner required by the Law. The
Register shall be kept at the Office or at such other place in the Island of Jersey as the Directors from time to time determine. In each year the Directors shall prepare or cause to be prepared and filed an annual return containing the particulars
required by the Law.

6.2 The Company shall not be required to enter the names of more than four joint Holders in the Register.

7. **SHARE CERTIFICATES** 

7.1 Every Member shall be entitled on application to the Company in Writing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.1 without payment upon becoming the Holder of any shares to one certificate for all the shares of each class held
by him and upon transferring a part only of the shares comprised in a certificate to a new certificate for the remainder of the shares so comprised; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.2 upon payment of such reasonable sum for each certificate as the Directors shall from time to time determine to
several certificates each for one or more of his shares of any class.

7.2 Following an application to the Company in Writing by the Member pursuant to Article 7.1, a certificate shall
be issued within two Months after allotment or lodgment of transfer (or within such other period as the conditions of issue shall provide) and shall be executed by the Company. A certificate may be executed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2.1 if the Company has a Seal, by causing a seal of the Company to be affixed to the certificate in accordance with
these Articles; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2.2 whether or not the Company has a Seal, by the signature on behalf of the Company of two Directors or one
Director and the Secretary or two authorised persons and such signature may be affixed to any certificate by facsimile or any other electronic or mechanical means, or by printing the signature on it.

Every certificate shall further specify the shares to which it relates and the amount Paid Up thereon and if so required by the Law the distinguishing numbers of such shares.

7.3 The Company shall not be bound to issue more than one certificate in respect of a share held jointly by several
Persons and delivery of a certificate for a share to one of several joint Holders shall be sufficient delivery to all such Holders.

7.4 If a share certificate shall be worn out, defaced, lost or destroyed a duplicate certificate may be issued on
payment of such reasonable fee and on such terms (if any) as to evidence and indemnity and the payment of out-of-pocket expenses of the Company in relation thereto as
the Directors think fit.

8. **LIEN** 

8.1 The Company shall have a first and paramount lien on every share (not being a fully paid share) for all monies
(whether presently payable or not) called or payable at a fixed time in respect of that share. The Company's lien (if any) on a share shall extend to all dividends or other monies payable thereon or in respect thereof. The Directors may
resolve that any share shall for such period as they think fit be exempt from the provisions of this Article.

8.2 The Company may sell in such manner as the Directors think fit any shares on which the Company has a lien but
no sale shall be made unless the monies in respect of which such lien exists or some part thereof are or is presently payable nor until fourteen Clear Days have expired after a Notice stating and demanding payment of the monies presently payable and
giving Notice of intention to sell in default shall have been served on the Holder for the time being of the shares or the Person entitled thereto by reason of the death, bankruptcy or incapacity of such Holder.

8.3 To give effect to any such sale the Directors may authorise some Person to execute an instrument of transfer of
the shares sold to the purchaser thereof. The purchaser shall be registered as the Holder of the shares so transferred and he shall not be bound to see to the application of the purchase money nor shall his title to the shares be affected by any
irregularity or invalidity in the proceedings in reference to the sale.

8.4 The net proceeds of such sale after payment of the costs of such sale shall be applied in or towards payment or
satisfaction of the debt or liability in respect of which the lien exists so far as the same is presently payable and any residue shall (subject to a like lien for debts or liabilities not presently payable as existed upon the shares prior to the
sale) be paid to the Person entitled to the shares at the time of the sale.

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9. **CALLS ON SHARES** 

9.1 The Directors may subject to the provisions of these Articles and to any conditions of allotment from time to
time make calls upon the Members in respect of any monies unpaid on their shares (whether on account of the nominal value of the shares or by way of premium) and each Member shall (subject to being given at least fourteen Clear Days' Notice
specifying the time or times and place of payment) pay to the Company at the time or times and place so specified the amount called on his shares.

9.2 A call may be required to be paid by instalments.

9.3 A call may before receipt by the Company of any sum due thereunder be revoked in whole or in part and payment
of a call may be postponed in whole or in part.

9.4 A Person upon whom a call is made shall remain liable for calls made upon him notwithstanding the subsequent
transfer of the shares in respect whereof the call was made.

9.5 A call shall be deemed to have been made at the time when the resolution of the Directors authorising the call
was passed.

9.6 The joint Holders of a share shall be jointly and severally liable to pay all calls and all other payments to
be made in respect of such share.

9.7 If a sum called in respect of a share is not paid before or on the day appointed for payment thereof the Person
from whom the sum is due may be required to pay interest on the sum from the day appointed for payment thereof to the time of actual payment at a rate determined by the Directors but the Directors shall be at liberty to waive payment of such
interest wholly or in part.

9.8 Any sum which by or pursuant to the terms of issue of a share becomes payable upon allotment or at any fixed
date whether on account of the nominal value of the share or by way of premium shall for the purposes of these Articles be deemed to be a call duly made and payable on the date on which by or pursuant to the terms of issue the same becomes payable
and in case of non-payment all the relevant provisions of these Articles as to payment of interest, forfeiture, surrender or otherwise shall apply as if such sum had become due and payable by virtue of a call
duly made and notified.

9.9 The Directors may on the issue of shares differentiate between the Holders as to the amount of calls to be paid
and the times of payment.

9.10 The Directors may if they think fit receive from any Member an advance of monies which have not yet been called
on his shares or which have not yet fallen due for payment. Such advance payments shall, to their extent, extinguish the liability in respect of which they are paid. The Company may pay interest on any such advance, at such rate as the Directors
think fit, for the period covering the date of payment to the date (the "**Due Date**") when the monies would have been due had they not been paid in advance. For the purposes of entitlement to dividends, monies paid in advance of a
call or instalment shall not be treated as paid until the Due Date.

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10. **FORFEITURE OF SHARES** 

10.1 If a Member fails to pay any call or instalment of a call on or before the day appointed for payment thereof
the Directors may at any time thereafter during such time as any part of such call or instalment remains unpaid serve a Notice on him requiring payment of so much of the call or instalment as is unpaid together with any interest which may have
accrued and any costs, charges and expenses which may have been incurred by the Company by reason of such non-payment.

10.2 The Notice shall name a further day (not earlier than the expiration of fourteen Clear Days from the date of
service of such Notice) on or before which the payment required by the Notice is to be made and the place where payment is to be made and shall state that in the event of non-payment at or before the time
appointed and at the place appointed the shares in respect of which the call was made will be liable to be forfeited.

10.3 If the requirements of any such Notice as aforesaid are not complied with any share in respect of which such
Notice has been given may at any time thereafter before payment of all calls and interest due in respect thereof has been made be forfeited by a resolution of the Directors to that effect and such forfeiture shall include all dividends which shall
have been declared on the forfeited shares and not actually paid before the forfeiture.

10.4 When any share has been forfeited in accordance with these Articles, Notice of the forfeiture shall forthwith
be given to the Holder of the share or the Person entitled to the share by transmission as the case may be and an entry of such Notice having been given and of the forfeiture with the date thereof shall forthwith be made in the Register opposite to
the entry of the share but no forfeiture shall be invalidated in any manner by any omission or neglect to give such Notice or to make such entry as aforesaid.

10.5 The Directors may, at any time after serving a Notice in accordance with Article 10.1, accept from the Member
concerned the surrender of such shares as are the subject of the Notice, without the need otherwise to comply with the provisions of Articles 10.1 to 10.4. Any such shares shall be surrendered immediately and irrevocably upon the Member delivering
to the Company the share certificate for the shares and such surrender shall also constitute a surrender of all dividends declared on the surrendered shares but not actually paid before the surrender. The Company shall, upon such surrender forthwith
make an entry in the Register of the surrender of the share with the date thereof but no surrender shall be invalidated in any manner by any omission or neglect to make such entry as aforesaid.

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10.6 A forfeited or surrendered share shall become the property of the Company and may be sold, re-allotted or otherwise disposed of either to the Person who was before forfeiture or surrender the Holder thereof or entitled thereto or to any other Person upon such terms and in such manner as the Directors
think fit and at any time before a sale, re-allotment or other disposition the forfeiture or surrender may be cancelled on such terms as the Directors think fit. Where for the purposes of its disposal a
forfeited or surrendered share is to be transferred to any Person the Directors may authorise some Person to execute an instrument of transfer of the share to that Person.

10.7 A Member whose shares have been forfeited or surrendered shall cease to be a Member in respect of the forfeited
or surrendered shares and shall (if he has not done so already) surrender to the Company for cancellation the certificate for the shares forfeited or surrendered. Notwithstanding the forfeiture or the surrender such Member shall remain liable to pay
to the Company all monies which at the date of forfeiture or surrender were presently payable by him in respect of those shares with interest thereon at the rate at which interest was payable before the forfeiture or surrender or at such rate as the
Directors may determine from the date of forfeiture or surrender until payment, provided that the Directors may waive payment wholly or in part or enforce payment without any allowance for the value of the shares at the time of forfeiture or
surrender or for any consideration received on their disposal.

10.8 A declaration under oath by a Director or the Secretary (or by an Officer of a corporate Secretary) that a
share has been duly forfeited or surrendered on a specified date shall be conclusive evidence of the facts therein stated as against all Persons claiming to be entitled to the share. The declaration and the receipt of the Company for the
consideration (if any) given for the share on the sale re-allotment or disposal thereof together with the certificate for the share delivered to a purchaser or allottee thereof shall (subject to the execution
of an instrument of transfer if the same be so required) constitute good title to the share. The Person to whom the share is sold, re-allotted or disposed of shall be registered as the Holder of the share and
shall not be bound to see to the application of the consideration (if any) nor shall his title to the share be affected by any irregularity in or invalidity of the proceedings in respect of the forfeiture, surrender, sale, re-allotment or disposal of the share.

11. **TRANSFER OF SHARES** 

11.1 Save as otherwise permitted under the provisions of the Law, all transfers of shares shall be effected using an
instrument of transfer.

11.2 Save as otherwise permitted under the provisions of the Law, the instrument of transfer of any share shall be
in Writing in any usual common form or any form approved by the Directors.

11.3 The instrument of transfer of any share shall be Signed by or on behalf of the transferor and in the case of an
unpaid or partly paid share by the transferee. The transferor shall be deemed to remain the Holder of the share until the name of the transferee is entered in the Register in respect thereof.

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11.4 The Directors may in their absolute discretion and without assigning any reason therefor:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4.1 refuse to register any transfer of partly paid shares or any transfer of shares on which the Company has a
lien; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4.2 refuse to register any transfer if such transfer is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) of shares that were not registered under the U.S. Securities law and such transfer is being made pursuant to an
exemption from registration under the U.S. securities laws unless the transferor provides evidence satisfactory to the Directors that such transfer satisfies the terms of such exemption; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) prohibited by the terms of any contract or undertaking to which the transferor is a party of which the Company
is aware,

but shall not otherwise refuse to register a transfer of shares made in accordance with these Articles.

11.5 The Directors may also refuse to register the transfer of a share unless the instrument of transfer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5.1 is lodged at the Office or at such other place as the Directors may appoint accompanied by the certificate for
the shares to which it relates and such other evidence as the Directors may reasonably require to show the right of the transferor to make the transfer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5.2 is in respect of only one class of shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5.3 is in favour of not more than four transferees.

11.6 If the Directors refuse to register a transfer of a share they shall within two Months after the date on which
the instrument of transfer was lodged with the Company send to the proposed transferor and transferee Notice of the refusal.

11.7 All instruments of transfer relating to transfers of shares which are registered shall be retained by the
Company but any instrument of transfer relating to transfers of shares which the Directors decline to register shall (except in any case of fraud) be returned to the Person depositing the same.

11.8 The registration of transfers of shares or of transfers of any class of shares may not be suspended.

11.9 Unless otherwise decided by the Directors in their sole discretion no fee shall be charged in respect of the
registration of any instrument of transfer or other document relating to or affecting the title to any share.

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11.10 In respect of any allotment of any share the Directors shall have the same right to decline to approve the
registration of any renouncee of any allottee as if the application to allot and the renunciation were a transfer of a share under these Articles.

12. **TRANSMISSION OF SHARES** 

12.1 In the case of the death of a Member the survivor or survivors where the deceased was a joint Holder and the
executors or administrators of the deceased where he was a sole or only surviving Holder shall be the only Persons recognised by the Company as having any title to his interest in the shares but nothing in this Article shall release the estate of a
deceased joint Holder from any liability in respect of any share which had been jointly held by him.

12.2 Any Person becoming entitled to a share in consequence of the death, bankruptcy or incapacity of a Member may
upon such evidence as to his title being produced as may from time to time be required by the Directors and subject as hereinafter provided elect either to be registered himself as the Holder of the share or to have some Person nominated by him
registered as the Holder thereof.

12.3 If the Person so becoming entitled shall elect to be registered himself he shall deliver or send to the Company
a Notice Signed by him stating that he so elects. If he shall elect to have another Person registered he shall testify his election by an instrument of transfer of the share in favour of that Person. All the limitations restrictions and provisions
of these Articles relating to the right to transfer and the registration of transfers of shares shall be applicable to any such Notice or instrument of transfer as aforesaid as if it were an instrument of transfer executed by the Member and the
death, bankruptcy or incapacity of the Member had not occurred.

12.4 A Person becoming entitled to a share by reason of the death, bankruptcy or incapacity of a Member shall be
entitled to the same dividends and other advantages to which he would be entitled if he were the Holder of the share except that he shall not before being registered as the Holder of the share be entitled in respect of it to exercise any right
conferred by membership in relation to meetings of the Company provided always that the Directors may at any time give Notice requiring any such Person to elect either to be registered himself or to transfer the share and if the Notice is not
complied with within one Month such Person shall be deemed to have so elected to be registered himself and all the restrictions on the transfer and transmission of shares contained in these Articles shall apply to such election.

13. **GENERAL MEETINGS** 

13.1 Unless all of the Members agree in Writing to dispense with the holding of Annual General Meetings and any such
agreement remains valid in accordance with the Law the Company shall in each calendar year hold a general meeting as its Annual General Meeting at such time and place as may be determined by the Directors provided that so long as the Company holds
its first Annual General Meeting within eighteen Months of its incorporation it need not hold it in the year of its incorporation or in the following year.

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13.2 The above mentioned general meeting shall be called the "**Annual General Meeting** ". All other
general meetings shall be called "**Extraordinary General Meetings** ".

13.3 The Directors may whenever they think fit, and upon a requisition of Members made in accordance with the Law
the Directors shall, convene an Extraordinary General Meeting of the Company.

13.4 At any Extraordinary General Meeting called pursuant to a requisition unless such meeting is called by the
Directors no business other than that stated in the requisition as the objects of the meeting shall be transacted.

14. **CLASS MEETINGS** 

Save as otherwise provided in these Articles or in any Statement of Rights, all the provisions of these Articles and of the Law relating to general meetings of the Company and to the proceedings thereat shall apply *mutatis mutandis* to every class meeting. A Director who is entitled to receive Notice of general meetings of the Company in accordance with Article 15.5 shall also be entitled, unless he has notified the Secretary in Writing of his contrary desire, to receive Notice of all class meetings. Subject to the provisions of these Articles and any Statement of Rights, at any class meeting the Holders of shares of the relevant class shall on a poll have one vote in respect of each share of that class held by them.

15. **NOTICE OF GENERAL MEETINGS** 

15.1 At least fourteen Clear Days' Notice shall be given of every Annual General Meeting and of every
Extraordinary General Meeting, including without limitation, every general meeting called for the passing of a Special Resolution.

15.2 A meeting of the Company shall notwithstanding that it is called by shorter Notice than that specified in
Article 15.1 be deemed to have been duly called if it is so agreed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2.1 in the case of an Annual General Meeting by all the Members entitled to attend and vote thereat; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2.2 in the case of any other meeting by a majority in number of the Members having a right to attend and vote at
the meeting being a majority together holding not less than ninety-five per cent in nominal value of the shares giving that right.

15.3 Every Notice shall specify the day and the time of the meeting and the general nature of the business to be
transacted and in the case of an Annual General Meeting shall specify the meeting as such. The Notice shall also specify:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3.1 in the case of a physical meeting, the meeting place of the meeting;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3.2 in the case of a Virtual Meeting, the information required by Article 15.4; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3.3 in the case of a physical meeting at which Virtual Attendance is permitted, the information required by Article
15.4 in respect of such Virtual Attendance.

15.4 The Notice of a general meeting to be held as a Virtual Meeting, or of a general meeting to be held as a
physical meeting at which Virtual Attendance is permitted, shall specify in respect of attendance at such meeting by means of participating in a communication:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.4.1 the means of communication by participating in which Persons are able to attend such meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.4.2 the manner in which such Persons may be required to authenticate their identity or eligibility so to attend
such meeting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.4.3 any special provisions in connection with the exercise of votes by such Persons who so attend such meeting.

15.5 Subject to the provisions of these Articles and to any restrictions imposed on any shares, Notice of every
general meeting shall be given to all the Members, to all Persons entitled to a share in consequence of the death, bankruptcy or incapacity of a Member, to the Auditors (if any) and to every Director who has notified the Secretary in Writing of his
desire to receive Notice of general meetings.

15.6 In every Notice calling a meeting of the Company there shall appear with reasonable prominence a statement that
a Member entitled to attend and vote is entitled to appoint one or more proxies to attend and vote instead of him and that a proxy need not also be a Member.

15.7 The accidental omission to give Notice of a meeting to or the non-receipt of Notice of a meeting by any Person entitled to receive Notice shall not invalidate the proceedings at that meeting.

16. **PROCEEDINGS AT GENERAL MEETINGS** 

16.1 The business of an Annual General Meeting shall be to receive and consider the accounts of the Company and the
reports of the Directors and Auditors (if any), to elect Directors (if proposed), to elect Auditors (if proposed) and fix their remuneration, to sanction a dividend (if thought fit so to do) and to transact any other business of which Notice has
been given by the Directors.

16.2 No business shall be transacted at any general meeting except the adjournment of the meeting unless a quorum of
Members is Present at the time when the meeting proceeds to business. Such quorum shall consist of one or more Members Present who hold or represent shares conferring not less than a majority of the total voting rights of all the Members entitled to
vote at the general meeting provided that where the Company has more than one Member, if only one Member is Present at a meeting in order for the meeting to be quorate, the chairman of the meeting must be a person other than the Member Present, and
provided that if at any time all of the issued shares in the Company are held by one Member such quorum shall consist of that Member Present.

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16.3 If a Member is by any means in communication with one or more other Members so that each Member participating
in the communication can hear what is said by any other of them each Member so participating in the communication is deemed to be Present at a meeting with the other Members so participating notwithstanding that all the Members so participating are
not Present together in the same place. A meeting at which any or all of the Members participate as aforesaid shall be deemed to be a general meeting of the Company for the purposes of these Articles notwithstanding any other provisions of these
Articles and all of the provisions of these Articles and of the Law relating to general meetings of the Company and to the proceedings thereat shall apply *mutatis mutandis* to every such meeting.

16.4 If within half-an-hour from the
time appointed for the meeting a quorum is not Present or if during the meeting a quorum ceases to be Present the meeting shall stand adjourned to the same day in the next week at the same time and place or to such other time and place as the
Directors shall determine and if at such adjourned meeting a quorum is not Present within half-an-hour from the time appointed for the holding of the meeting those
Members Present shall constitute a quorum.

16.5 The chairman (if any) of the Directors shall preside as chairman at every general meeting of the Company or if
there is no such chairman or if he shall not be Present within fifteen minutes after the time appointed for the holding of the meeting or is unwilling to act, the Directors shall select one of their number to be chairman of the meeting.

16.6 If at any meeting no Director is willing to act as chairman or if no Director is Present within fifteen minutes
after the time appointed for holding the meeting, the Members Present shall choose one of their number to be chairman of the meeting.

16.7 The chairman may without the consent of any meeting at which a quorum is Present (and shall if so directed by
the meeting) adjourn the meeting from time to time and from place to place but no business shall be transacted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place. When a meeting is
adjourned for thirty days or more Notice of the adjourned meeting shall be given as in the case of the original meeting. Save as aforesaid it shall not be necessary to give any Notice of any adjourned meeting or of the business to be transacted at
an adjourned meeting.

16.8 At any general meeting a resolution put to the vote of the meeting shall be decided in the first instance on a
show of hands unless before or on the declaration of the result of the show of hands a poll is demanded.

16.9 Subject to the provisions of the Law, a poll may be demanded:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.9.1 by the chairman;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.9.2 by at least two Members having the right to vote on the resolution; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.9.3 by a Member or Members representing not less than one tenth of the total voting rights of all the Members
having the right to vote on the resolution.

16.10 Unless a poll is duly demanded, a declaration by the chairman that a resolution has on a show of hands been
carried or carried unanimously or by a particular majority or lost or not carried by a particular majority and an entry to that effect in the minutes of the meeting shall be conclusive evidence of the fact without proof of the number or proportion
of the votes recorded in favour or against such resolution.

16.11 If a poll is duly demanded it shall be taken at such time and in such manner as the chairman directs and the
results of such poll shall be deemed to be the resolution of the meeting at which the poll was demanded.

16.12 In the event of an equality of votes at any general meeting the chairman shall not be entitled to a second or
casting vote.

16.13 A poll demanded on the election of the chairman or on a question of adjournment shall be taken forthwith. A
poll demanded on any other question shall be taken either forthwith or on such day and at such time and place as the chairman directs not being more than twenty-one days after the poll is demanded.

16.14 A demand for a poll shall not prevent the continuance of a meeting for the transaction of any business other
than the question on which the poll has been demanded.

16.15 The Members may not pass Ordinary or Special Resolutions in Writing and any written resolutions of the Members
shall be void and of no effect.

16.16 The Company may make arrangements for Virtual Attendance and Virtual Meetings at any general meeting. The above
provisions in respect of general meetings shall apply with such adjustments that the Board of Directors deems appropriate to accommodate the requirements and circumstances of providing for a Virtual Meeting or attending by Virtual Attendance at any
general meeting.

17. **VOTES OF MEMBERS** 

17.1 Subject to any special rights restrictions or prohibitions as regards voting for the time being attached to any
shares as may be specified in the terms of issue thereof, any Statement of Rights or these Articles:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.1.1 on a show of hands, every Member Present including by proxy shall have one vote; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.1.2 on a poll, every Member Present (including by proxy) shall have one vote for each share of which he is the
Holder.

17.2 In determining the number of votes cast for or against a proposal or a nominee, shares abstaining from voting
on any resolution and votes by a broker that have not been directed by the beneficial owner to vote on any resolution in any particular manner will be counted for purposes of determining a quorum but not for purposes of determining the number of
votes cast.

17.3 In the case of joint Holders of any share such Persons shall not have the right of voting individually in
respect of such share but shall elect one of their number to represent them and to vote whether personally or by proxy in their name. In default of such election the Person whose name appears first in order in the Register in respect of such share
shall be the only Person entitled to vote in respect thereof.

17.4 A Member in respect of whom an order has been made by any court having jurisdiction (whether in the Island of
Jersey or elsewhere) in matters concerning legal incapacity or interdiction may vote, whether on a show of hands or a poll, by his attorney, curator, receiver or other Person authorised in that behalf appointed by that court and any such attorney,
curator, receiver or other Person may vote by proxy. Evidence to the satisfaction of the Directors of the authority of such attorney, curator, receiver or other Person may be required by the Directors prior to any vote being exercised by such
attorney, curator, receiver or other Person.

17.5 No Member shall be entitled to vote at any general meeting unless all calls or other sums presently payable by
him in respect of shares in the Company of which he is Holder or one of the joint Holders have been paid.

17.6 No objection shall be raised to the qualification of any voter except at the meeting or adjourned meeting at
which the vote objected to is given or tendered and every vote not disallowed at such meeting shall be valid for all purposes. Any such objection made in due time shall be referred to the chairman of the meeting whose decision shall be final and
conclusive.

17.7 On a poll votes may be given either personally or by proxy.

17.8 The instrument appointing a proxy shall be in any usual form or in any other form which the Board of Directors
may approve. Subject thereto, the appointment of a proxy may be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.8.1 in hard copy form; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.8.2 in electronic form, to the electronic address provided by the Company for this purpose.

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17.9 The appointment of a proxy, whether made in hard copy form or in electronic form, shall be executed in such
manner as may be approved by or on behalf of the Company from time to time. Subject thereto, the appointment of a proxy shall be executed by the appointor or any person duly authorised by the appointor or, if the appointor is a corporation, executed
by a duly authorised person or under its common seal or in any other manner authorised by its constitution.

17.10 The Board of Directors may, if it thinks fit, but subject to the provisions of the Law, at the Company's
expense, send hard copy forms of proxy (with or without provision for their return prepaid) by post or otherwise for use at the meeting and issue invitations in electronic form to appoint a proxy in relation to the meeting in such form as may be
approved by the Board of Directors.

17.11 The appointment of a proxy shall not preclude a Member from attending and voting in person at the same meeting
or poll concerned.

17.12 A Member may appoint more than one proxy to attend on the same occasion, provided that each such proxy is
appointed to exercise the rights attached to a difference share or shares held by that Member.

17.13 A proxy need not be a Member.

17.14 The instrument appointing a proxy shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.14.1 if in hard copy form, be deposited at the Office or at such other place as is specified for that purpose by the
Notice convening the meeting or in any form of proxy sent by or on behalf of the Company in relation to the meeting not less than twenty-four hours before the time for holding the meeting or adjourned meeting at which the Person named in the
instrument proposes to vote;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.14.2 if in electronic form, be received at any address to which the appointment of a proxy may be sent by electronic
means pursuant to the provisions of the Law or these Articles or to any other address, or in such other manner specified in accordance with Article 17.8 specified by or on behalf of the Company for the purpose of receiving the appointment of a proxy
in electronic form by the Notice convening the meeting; or in any form of proxy send by or on behalf of the Company in relation to the meeting; or in any invitation to appoint a proxy issued by the Company in relation to the meeting; or on a website
that is maintained by or on behalf of the Company and identifies the Company, not less than twenty-four hours before the time for holding the meeting or adjourned meeting at which the Person named in the instrument proposes to vote;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.14.3 in the case of a poll taken more than forty-eight hours after it is demanded, be deposited as aforesaid after
the poll has been demanded and not less than twenty-four hours before the time appointed for taking the poll; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.14.4 where the poll is not taken forthwith but is taken not more than forty-eight hours after it was demanded, be
delivered at the meeting at which the poll was demanded to the chairman or the Secretary or to any Director.

17.15 An instrument of proxy which is not deposited in the manner so required shall be valid only if it is approved
by the Directors or all the other Members who are Present at the meeting.

17.16 Subject to the provisions of the Law, where the appointment of a proxy is expressed to have been or purports to
have been made, sent or supplied by a person on behalf of the holder of a share:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.16.1 the Company may treat the appointment as sufficient evidence of the authority of that person to make, send or
supply the appointment on behalf of that holder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.16.2 that holder shall, if requested by or on behalf of the Company at any time, send or procure the sending of
reasonable evidence of the authority under which the appointment has been made, sent or supplied (which may include a copy of such authority certified notarially or in some other way approved by the Board of Directors) to such address and by such
time as may be specified in the request and, if the request is not complied with in any respect, the appointment may be treated as invalid.

17.17 A proxy appointment which is not delivered or received in accordance with Article 17.14 shall be valid only if
it is approved by the Directors. When two or more valid proxy appointments are delivered or received in respect of the same share for use at the same meeting, the one that was last delivered or received shall be treated as replacing or revoking the
others as regards that share, provided that if the Company determines that it has insufficient evidence to decide whether or not a proxy appointment is in respect of the same share, it shall be entitled to determine which proxy appointment (if any)
is to be treated as valid. Subject to the Law, the Company may determine at its discretion when a proxy appointment shall be treated as delivered or received for the purposes of these Articles.

17.18 A proxy appointment shall be deemed to entitle the proxy to exercise all or any of the appointing
Member's rights to attend and to speak and vote at a meeting of the Company in respect of the shares to which the proxy appointment relates.

17.19 Unless the contrary is stated thereon the instrument appointing a proxy shall be as valid as well for any
adjournment of the meeting as for the meeting to which it relates.

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17.20 The Company shall not be required to check whether a proxy or corporate representative votes in accordance with
any instructions given by the Member by whom s/he is appointed. Any failure to vote as instructed shall not invalidate the proceedings on the resolution.

17.21 The Board of Directors may specify in the notice convening the meeting such other regulations as they think
fit: (a) permitting a copy of any such proxy, power of attorney or other authority to be deposited in any manner or form in place of the original, including by email or other electronic form; and (b) requiring any such copy to be certified
as a true copy in any manner or form.

17.22 The termination of the authority of a person to act as a proxy or duly authorised representative of a
corporation does not affect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.22.1 whether s/he counts in deciding whether there is a quorum at a meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.22.2 the validity of a poll demanded by him/her at a meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.22.3 the validity of a vote given by that person,

unless notice of the termination was either delivered or received as mentioned in the following sentence at least twenty-four hours before the start of the relevant meeting or adjourned meeting or (in the case of a poll taken otherwise than on the same day as the meeting or adjourned meeting) the time appointed for taking the poll. Such notice of termination shall be either by means of a document in hard copy form delivered to the office or to such other place as may be specified by or on behalf of the Company in accordance with Article 17.14.1 or in electronic form received at the address specified by or on behalf of the Company in accordance with Article 17.14.2, regardless of whether any relevant proxy appointment was effected in hard copy form or in electronic form.

18. **CORPORATE MEMBERS** 

18.1 Any body corporate which is a Member may by resolution of its directors or other governing body authorise such
Person as it thinks fit to act as its representative at any meeting of Members (or of any class of Members) and the Person so authorised shall be entitled to exercise on behalf of the body corporate which he represents the same powers as that body
corporate could exercise if it were an individual.

18.2 Where a Person is authorised to represent a body corporate at a general meeting of the Company the Directors or
the chairman of the meeting may require him to produce a certified copy of the resolution from which he derives his authority.

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19. **DIRECTORS** 

19.1 The Directors shall determine the maximum and minimum number of Directors and unless and until otherwise so
determined, and subject to the provisions of the Law, the minimum number of Directors shall be two.

19.2 A Director need not be a Member but provided he has notified the Secretary in Writing of his desire to receive
Notice of general meetings in accordance with Article 15.5 he shall be entitled to receive Notice of any general meeting and, subject to Article 14, all separate meetings of the Holders of any class of shares in the Company. Whether or not a
Director is entitled to receive such Notice, he may nevertheless attend and speak at any such meeting.

20. **ALTERNATE DIRECTORS** 

20.1 Any Director (other than an alternate Director) may at his sole discretion and at any time and from time to
time appoint any other Director or any other Person (other than one disqualified or ineligible by law to act as a director of a company) as an alternate Director to attend and vote in his place at any meetings of Directors at which he is not
personally present. Each Director shall be at liberty to appoint under this Article more than one alternate Director provided that only one such alternate Director may at any one time act on behalf of the Director by whom he has been appointed.

20.2 An alternate Director while he holds office as such shall be entitled to receive Notice (which need not be in
Writing) of all meetings of Directors and of all meetings of committees of Directors of which his appointor is a Member and to attend and to exercise all the rights and privileges of his appointor at all such meetings at which his appointor is not
personally present and generally to perform all the functions of his appointor as a Director in his absence.

20.3 An alternate Director shall *ipso facto* vacate office if and when his appointment expires or the Director
who appointed him ceases to be a Director of the Company or removes the alternate Director from office by Notice under his hand served upon the Company.

20.4 An alternate Director shall be entitled to be paid all travelling and other expenses reasonably incurred by him
in attending meetings. The remuneration (if any) of an alternate Director shall be payable out of the remuneration payable to the Director appointing him as may be agreed between them.

20.5 Where a Director acts as an alternate Director for another Director he shall be entitled to vote for such other
Director as well as on his own account, but no Director shall at any meeting be entitled to act as alternate Director for more than one Director.

20.6 A Director who is also appointed an alternate Director shall be considered as two Directors for the purpose of
making a quorum of Directors when such quorum shall exceed two.

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21. **POWERS OF DIRECTORS** 

21.1 The business of the Company shall be managed by the Directors who may pay all expenses incurred in promoting
and registering the Company and may exercise all such powers of the Company as are not by the Law or these Articles required to be exercised by the Company in general meeting.

21.2 The Directors' powers shall be subject to the provisions of these Articles, to the provisions of the Law
and to such regulations (being not inconsistent with the aforesaid regulations or provisions) as may be prescribed by the Company in general meeting pursuant to a Special Resolution but no regulations made by the Company in general meeting shall
invalidate any prior act of the Directors which would have been valid if such regulations had not been made.

21.3 The Directors may by power of attorney, mandate or otherwise appoint any Person to be the agent of the Company
for such purposes and on such conditions as they determine including authority for the agent to delegate all or any of his powers.

22. **DELEGATION OF DIRECTORS' POWERS** 

22.1 The Directors may delegate any of their powers to committees consisting of such Director or Directors or such
other Persons as they think fit. Any committee so formed shall in the exercise of the powers so delegated conform to any regulations that may be imposed on it by the Directors.

22.2 The meetings and proceedings of any such committee consisting of two or more Persons shall be governed by the
provisions of these Articles regulating the meetings and proceedings of the Directors so far as the same are applicable and are not superseded by any regulations made by the Directors under this Article.

23. **APPOINTMENT OF DIRECTORS** 

23.1 Subject to the provisions of Articles 19.1, 23.2 and 28.9 only the Directors shall have power at any time and
from time to time to appoint any person to be a Director as an addition to the existing Directors and vacancies on the Board of Directors resulting from death, disability, resignation, removal or otherwise and newly created directorships resulting
from any increase in the number of Directors may be filled solely by a majority of the Directors then in office. Subject to Article 24, any Director who is appointed shall hold office until the next Annual General Meeting whereupon he shall be
eligible for re-election in accordance with Article 23.2.

23.2 At each Annual General Meeting all of the Directors shall retire and the Company shall by Ordinary Resolution
elect or re-elect those persons proposed in the Notice of the Annual General Meeting for election or re-election as Directors to fill the vacancies.

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23.3 Where the number of persons validly proposed for election or re-election as a Director is greater than the number of Directors to be elected, the persons receiving the most votes (up to the number of Directors to be elected) shall be elected as Directors and an absolute
majority of the votes cast shall not be a pre-requisite to the election of such Directors.

23.4 No more than one hundred and fifty and at least fifty clear days' Notice expiring on the anniversary of
the preceding Annual General Meeting of the Company and containing the information set out in Article 23.6 shall be given to the Company of the intention of any Member or Members holding at least one-tenth of
the total voting rights of the Members who have the right to vote at general meetings to propose any person for election to the office of Director at the Annual General Meeting in that year provided always that the chairman of such meeting may waive
the said notice and submit to the meeting the name of any person duly qualified and willing to act and provided that in the event that the date of any such meeting is advanced more than thirty days prior to such anniversary date or delayed more than
seventy days after such anniversary date such notice must be received by the Company no earlier than one hundred and twenty days prior to any meeting and no later than the later of seventy days prior to the date of the meeting or the tenth day
following the day on which public announcement of the date of the meeting was first made by the Company.

23.5 In no event shall the adjournment or postponement of any meeting, or any announcement thereof, commence a new
time period (or extend any time period) for the giving of Notice as described in Article 23.4 above.

23.6 Notice to the Company from any relevant Member or Members sent pursuant to Article 23.4 shall set forth each
person whom the Member or Members propose to nominate for election or re-election as a Director and all information relating to such person that is required to be disclosed in solicitations of proxies for
election of Directors, or is otherwise required, in each case pursuant to Regulation 14A under the United States Securities Exchange Act of 1934 (the "**Exchange Act**") (including such person's written consent to being named in
the proxy statement as a nominee and to serving as a Director if elected).

23.7 At the request of the Board of Directors, any person nominated by the Board of Directors for election as a
Director shall furnish to the Company the information that is required to be set forth in a Member's Notice set out in Article 23.6 that pertains to the nominee. No person shall be eligible to be nominated by a Member to serve as a Director
unless nominated in accordance with the procedures set forth in this Article 23. The chairman of the Annual General Meeting shall, if the facts warrant, determine and declare to the meeting that a nomination was not made in accordance with the
procedures prescribed hereby, and if he should so determine, he shall so declare to the meeting and the defective nomination shall be disregarded. Notwithstanding the foregoing provisions, unless otherwise required by Law, if the Member (or a
qualified representative of the Member) does not appear at any such meeting of the Company to present a nomination such nomination shall be disregarded, notwithstanding that proxies in respect of such vote may have been received by the Company

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and counted for purposes of determining a quorum. For purposes of this Article 23.7, to be considered a qualified representative of the Member, a person must be a duly authorised officer, manager or partner of such Member or must be authorised in Writing by such Member or an electronic transmission delivered by such Member to act for such Member as proxy at the meeting of Members and such person must produce such Writing or electronic transmission, or a reliable reproduction of the Writing or electronic transmission, at the meeting.

23.8 Without limiting the foregoing provisions, a Member shall also comply with all applicable requirements of the
Exchange Act, and the rules and regulations thereunder with respect to the matters set forth in this Article 23 provided that any references in these Articles to the Exchange Act or such rules and regulations are not intended to and shall not limit
any requirements applicable to nominations pursuant to this Article 23, and compliance with this Article 23 shall be the exclusive means for a Member to make nominations.

23.9 The Company shall keep or cause to be kept a register of particulars with regard to its Directors in the manner
required by the Law.

24. **RESIGNATION, DISQUALIFICATION AND REMOVAL OF DIRECTORS** 

24.1 The office of a Director shall be vacated if the Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.1.1 resigns his office by Notice to the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.1.2 ceases to be a Director by virtue of any provision of the Law or he becomes prohibited or disqualified by law
from being a Director;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.1.3 becomes Bankrupt or makes any arrangement or composition with his creditors generally;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.1.4 becomes of unsound mind;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.1.5 is removed from office by Ordinary Resolution of the Company as a result of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Director's conviction (with a *nolo contendere* plea deemed to be a conviction) of a serious
felony involving:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) moral turpitude; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a violation of United States federal or state securities laws,

but specifically excluding any conviction based entirely on vicarious liability; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Director's commission of any material act of dishonesty (such as embezzlement) resulting or intended
to result in material personal gain or enrichment of such Director at the expense of the company or any of its subsidiaries and which act, if made the subject of criminal charges, would be reasonably likely to be charged as a felony, and for these
purposes *nolo contendere*, felony and moral turpitude shall have the meanings given to them by the laws of the United States of America or any relevant state thereof and shall include any equivalent acts in any other jurisdiction; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.1.6 receives Notice signed by not less than three quarters of the other Directors stating that he should cease to
be a Director. In calculating the number of Directors who are required to give Notice to the Director, (i) an alternate director appointed by him acting in his capacity as such shall be excluded; and (ii) a Director and any alternate
director appointed by him and acting in his capacity as such shall constitute a single Director for this purpose, so that Notice by either shall be sufficient

24.2 Notwithstanding any other provision of these Articles, whenever the holders of one or more classes or series of
Preferred Shares shall have the right, voting separately as a class or series, to elect Directors, the election, term of office, filling of vacancies, removal and other features of such directorships shall be governed by the terms of the Statement
of Rights applicable thereto, and such Directors so elected shall not be subject to the provisions of Articles 23 and 24 unless otherwise provided therein.

25. **REMUNERATION AND EXPENSES OF DIRECTORS** 

25.1 The Directors shall be entitled to such remuneration as the Directors may determine subject to any limitation
as the Company may by Ordinary Resolution determine.

25.2 The Directors shall be paid out of the funds of the Company their travelling hotel and other expenses properly
and necessarily incurred by them in connection with their attendance at meetings of the Directors or Members or otherwise in connection with the discharge of their duties.

26. **EXECUTIVE DIRECTORS** 

26.1 The Directors may from time to time appoint one or more of their number to the office of managing director or
to any other executive office under the Company on such terms and for such periods as they may determine.

26.2 The appointment of any Director to any executive office shall be subject to termination if he ceases to be a
Director but without prejudice to any claim for damages for breach of any contract of service between him and the Company.

26.3 The Directors may entrust to and confer upon a Director holding any executive office any of the powers
exercisable by the Directors upon such terms and conditions and with such restrictions as they think fit and either collaterally with or to the exclusion of their own powers and may from time to time revoke withdraw alter or vary all or any of such
powers.

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27. **DIRECTORS' INTERESTS** 

27.1 A Director who has, directly or indirectly, a material interest in a transaction entered into or proposed to be
entered into by the Company or by a subsidiary of the Company which to a material extent conflicts or may conflict with the interests of the Company and of which he is aware, shall disclose to the Company the nature and extent of his interest.

27.2 For the purposes of Article 27.1:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.2.1 the disclosure shall be made at the first meeting of the Directors at which the transaction is considered after
the Director concerned becomes aware of the circumstances giving rise to his duty to make it or, if for any reason he fails to do so at such meeting, as soon as practical after the meeting, by Notice in Writing delivered to the Secretary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.2.2 the Secretary, where the disclosure is made to him shall inform the Directors that it has been made and shall
in any event table the Notice of the disclosure at the next meeting after it is made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.2.3 a disclosure to the Company by a Director in accordance with Article 27.1 that he is to be regarded as
interested in a transaction with a specified Person is sufficient disclosure of his interest in any such transaction entered into after the disclosure is made; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.2.4 any disclosure made at a meeting of the Directors shall be recorded in the minutes of the meeting.

27.3 Subject to the provisions of the Law, a Director may hold any other office or place of profit under the Company
(other than the office of Auditor) in conjunction with his office of Director for such period and on such terms as to tenure of office, remuneration and otherwise as the Directors may determine.

27.4 Subject to the provisions of the Law, and provided that he has disclosed to the Company the nature and extent
of any of his material interests in accordance with Article 27.1, a Director notwithstanding his office:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.4.1 may be a party to or otherwise interested in any transaction or arrangement with the Company or in which the
Company is otherwise interested;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.4.2 may be a director or other officer of or employed by or a party to any transaction or arrangement with or
otherwise interested in any body corporate promoted by the Company or in which the Company is otherwise interested;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.4.3 shall not by reason of his office be accountable to the Company for any benefit which he derives from any such
office or employment or from any such transaction or arrangement or from any interest in any such body corporate and no such transaction or arrangement shall be liable to be avoided on the ground of any such interest or benefit; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.4.4 may act by himself or his firm in a professional capacity for the Company and he or his firm shall be entitled
to remuneration for professional services as if he were not a Director.

28. **PROCEEDINGS OF DIRECTORS** 

28.1 The Directors may meet together for the despatch of business adjourn and otherwise regulate their meetings as
they think fit.

28.2 A Director may at any time and the Secretary at the request of a Director shall summon a meeting of the
Directors by giving to each Director and alternate Director not less than twenty-four hours' Notice of the meeting provided that any meeting may be convened at shorter Notice and in such manner as each Director or his alternate Director shall
approve and provided further that unless otherwise resolved by the Directors Notices of Directors' meetings need not be in Writing.

28.3 Questions arising at any meeting shall be determined by a majority of votes.

28.4 In the case of an equality of votes the chairman shall not have a second or casting vote.

28.5 A Director who is also an alternate Director shall be entitled to a separate vote for each Director for whom he
acts as alternate in addition to his own vote.

28.6 A meeting of the Directors at which a quorum is present shall be competent to exercise all powers and
discretions for the time being exercisable by the Directors. The quorum necessary for the transaction of the business of the Directors may be fixed by the Directors and unless so fixed at any other number shall be such number that represents a
majority of the Directors then in office. For the purposes of this Article and subject to the provisions of Article 28.7 an alternate Director shall be counted in a quorum but so that not less than two individuals will constitute the quorum.

28.7 A Director notwithstanding his interest may be counted in the quorum present at any meeting at which any
contract or arrangement in which he is interested is considered and, provided he has made the disclosure required by Article 27.1, he may vote in respect of any such contract or arrangement except those concerning his own terms of appointment.

28.8 If a Director is by any means in communication with one or more other Directors so that each Director
participating in the communication can hear what is said by any other of them each Director so participating in the communication is deemed to be present at a meeting with the other Directors so participating notwithstanding that all the Directors
so participating are not present together in the same place.

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28.9 The continuing Directors or Director may act notwithstanding any vacancies in their number but if the number of
Directors is less than the number fixed as the quorum or becomes less than the number required by the Law the continuing Directors or Director may act only for the purpose of filling vacancies or of calling a general meeting of the Company. If there
are no Directors or no Director is able or willing to act then any Member or the Secretary may summon a general meeting for the purpose of appointing Directors.

28.10 The Directors may from time to time elect from their number, and remove, a chairman and/or deputy chairman
and/or vice-chairman of the Board of Directors and determine the period for which they are to hold office.

28.11 The chairman, or in his absence the deputy chairman, or in his absence the vice-chairman, shall preside at all
meetings of the Directors but if no such chairman, deputy chairman or vice-chairman be elected or if at any meeting the chairman, deputy chairman or vice-chairman be not present within five minutes after the time appointed for holding the same, the
Directors present may choose one of their number to be the chairman of the meeting.

28.12 A resolution in Writing Signed by all the Directors entitled to receive Notice of a meeting of Directors or of
a committee of Directors shall be valid and effectual as if it had been passed at a meeting of the Directors or of a committee of Directors duly convened and held and may consist of several documents in like form each Signed by one or more Directors
but a resolution Signed by an alternate Director need not also be Signed by his appointor and if it is Signed by a Director who has appointed an alternate Director it need not be Signed by the alternate Director in that capacity.

28.13 All acts done *bona fide* by any meeting of Directors or of a committee appointed by the Directors or by
any Person acting as a Director shall notwithstanding that it is afterwards discovered that there was some defect in the appointment of any such Director or committee or Person acting as aforesaid or that they or any of them were disqualified or had
vacated office or were not entitled to vote be as valid as if every such Person had been duly appointed and was qualified and had continued to be a Director or a member of a committee appointed by the Directors and had been entitled to vote.

29. **MINUTE BOOK** 

29.1 The Directors shall cause to be entered in books kept for the purpose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.1.1 the minutes of all proceedings at general meetings, class meetings, Directors' meetings and meetings of
committees appointed by the Directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.1.2 all resolutions in Writing passed in accordance with these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.1.3 every memorandum in Writing of a Sole Member-Director Contract (as defined in Article 29.3) which is drawn up
pursuant to Article 29.3;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.1.4 every record in Writing of a Sole Member's Decision (as defined in Article 29.4); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.1.5 all such other records as are from time to time required by the Law or, in the opinion of the Directors, by
good practice to be minuted or retained in the books of the Company.

29.2 Any minutes of a meeting if purporting to be Signed by the chairman of the meeting at which the proceedings
were had or by the chairman of the next succeeding meeting shall be conclusive evidence of the proceedings.

29.3 This Article 29.3 applies where the Company has only one Member and that Member is also a Director. If the
Company, acting otherwise than in the ordinary course of its business, enters into a contract with such Member (a "**Sole Member-Director Contract**") and that Sole Member-Director Contact is not in Writing, the terms thereof shall
be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.3.1 set out in a memorandum in Writing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.3.2 recorded in the minutes of the first meeting of the Directors following the making of the contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.3.3 recorded in such other manner or on such other occasion as may for the time being be permitted or required by
the Law.

29.4 This Article 29.4 applies where the Company has only one Member and that Member has taken a decision which may
be taken by the Company in general meeting and which has effect in law as if agreed by the Company in general meeting (a "**Sole Member's Decision** "). A Sole Member's Decision may (without limitation) be taken by way of
resolution in Writing but if not so taken, the sole Member shall provide the Company with a record in Writing of his decision as soon as practicable thereafter.

30. **SECRETARY** 

30.1 Subject to the provisions of the Law, the Secretary shall be appointed by the Directors for such term at such
remuneration and upon such conditions as they may think fit and any Secretary so appointed may be removed by the Directors.

30.2 Anything required or authorised to be done by or to the Secretary may if the office is vacant or there is for
any other reason no secretary capable of acting be done by or to any assistant or deputy secretary or if there is no assistant or deputy secretary capable of acting by or to any Person authorised generally or specifically in that behalf by the
Directors.

30.3 The Company shall keep or cause to be kept at the Office a register of particulars with regard to its Secretary
in the manner required by the Law.

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31. **THE SEAL** 

31.1 The Directors may determine that the Company shall have a Seal. Subject to the Law, if the Company has a Seal
the Directors may determine that it shall also have an official seal for use outside of the Island and an official seal for sealing securities issued by the Company or for sealing documents creating or evidencing securities so issued.

31.2 The Directors shall provide for the safe custody of all seals and no seal shall be used except by the authority
of a resolution of the Directors or of a committee of the Directors authorised in that behalf by the Directors.

31.3 The Directors may from time to time make such regulations as they think fit determining the Persons and the
number of such Persons who shall sign every instrument to which a seal is affixed and until otherwise so determined every such instrument shall be Signed by one Director and by the Secretary or by a second Director.

31.4 The Company may authorise an agent appointed for the purpose to affix any seal of the Company to a document to
which the Company is a party.

32. **AUTHENTICATION OF DOCUMENTS** 

32.1 Any Director or the Secretary or any Person appointed by the Directors for the purpose shall have power to
authenticate any documents affecting the constitution of the Company (including the Memorandum of Association and these Articles), any resolutions passed by the Company or the Directors and any books, records, documents and accounts relating to the
business of the Company and to certify copies thereof or extracts therefrom as true copies or extracts.

32.2 Where any books, records, documents or accounts of the Company are situated elsewhere than at the Office the
local manager or other Officer or the company having the custody thereof shall be deemed to be a Person appointed by the Directors for the purposes set out in Article 32.1.

33. **DIVIDENDS** 

33.1 Subject to each Statement of Rights and the provisions of the Law, the Company may by Ordinary Resolution
declare dividends in accordance with the respective rights of the Members but no dividend shall exceed the amount recommended by the Directors.

33.2 Subject to the provisions of the Law and any Statement of Rights, the Directors may if they think fit from time
to time pay to the Members such interim dividends as they may determine.

33.3 Subject to the provisions of the Law, these Articles and any Statement of Rights, if at any time the share
capital of the Company is divided into different classes the Directors may pay such interim dividends in respect of those shares which confer on the Holders thereof deferred or non-preferred rights as well as
in respect of those shares which confer on the Holders thereof preferential rights with regard to dividend.

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33.4 Subject to the provisions of the Law, the Directors may also pay half-yearly or at other suitable intervals to
be settled by them any dividend which may be payable at a fixed rate.

33.5 Provided the Directors act *bona fide* they shall not incur any personal liability to the Holders of
shares conferring a preference for any damage that they may suffer by reason of the payment of an interim dividend on any shares having deferred or non-preferred rights.

33.6 Subject to any particular rights or limitations as to dividend for the time being attached to any shares as may
be specified in these Articles or in any Statement of Rights or upon which such shares may be issued, all dividends shall be declared apportioned and paid *pro rata* according to the amounts Paid Up on the shares on which the dividend is paid
(otherwise than in advance of calls) provided that if any share is issued on terms providing that it shall rank for dividend as if Paid Up (in whole or in part) or as from a particular date (either past or future) such share shall rank for dividend
accordingly.

33.7 The Directors may before recommending any dividend set aside such sums as they think proper as a reserve or
reserves which shall at the discretion of the Directors be applicable for any purpose to which such sums may be properly applied and pending such application may at the like discretion be employed in the business of the Company or be invested in
such investments as the Directors may from time to time think fit.

33.8 The Directors may carry forward to the account of the succeeding year or years any balance which they do not
think fit either to dividend or to place to reserve.

33.9 A general meeting declaring a dividend may upon the recommendation of the Directors direct that payment of such
dividend shall be satisfied wholly or in part by the distribution of specific assets and in particular of Paid-Up shares or debentures of any other company and the Directors shall give effect to such
resolution. Where any difficulty arises in regard to the distribution the Directors may settle the same as they think expedient and in particular may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33.9.1 issue certificates representing part of a shareholding or fractions of shares and may fix the value for
distribution of such specific assets or any part thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33.9.2 determine that cash payment shall be made to any Members on the basis of the value so fixed in order to adjust
the rights of Members;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33.9.3 vest any specific assets in trustees upon trust for the Persons entitled to the dividend as may seem expedient
to the Directors; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33.9.4 generally make such arrangements for the allotment, acceptance and sale of such specific assets or certificates
representing part of a shareholding or fractions of shares or any part thereof or otherwise as they think fit.

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33.10 Any resolution declaring a dividend on the shares of any class whether a resolution of the Company in general
meeting or a resolution of the Directors or any resolution of the Directors for the payment of a fixed dividend on a date prescribed for the payment thereof may specify that the same shall be payable to the Persons registered as the Holders of
shares of the class concerned at the close of business on a particular date notwithstanding that it may be a date prior to that on which the resolution is passed (or as the case may be that prescribed for payment of a fixed dividend) and thereupon
the dividend shall be payable to them in accordance with their respective holdings so registered but without prejudice to the rights *inter se* in respect of such dividend of transferors and transferees of any shares of the relevant class.

33.11 The Directors may deduct from any dividend or other monies payable to any Member on or in respect of a share
all sums of money (if any) presently payable by him to the Company on account of calls or otherwise in relation to the shares of the Company.

33.12 Any dividend or other monies payable in respect of a share may be paid by cheque or warrant sent through the
post to the registered address of the Member or Person entitled thereto and in the case of joint Holders to any one of such joint Holders or to such Person and to such address as the Holder or joint Holders may in Writing direct. Every such cheque
or warrant shall be made payable to the order of the Person to whom it is sent or to such other Person as the Holder or joint Holders may in Writing direct and payment of the cheque or warrant shall be a good discharge to the Company. Every such
cheque or warrant shall be sent at the risk of the Person entitled to the money represented thereby.

33.13 All unclaimed dividends may be invested or otherwise made use of by the Directors for the benefit of the
Company until claimed. No dividend shall bear interest as against the Company.

33.14 Any dividend which has remained unclaimed for a period of ten years from the date of declaration thereof shall
if the Directors so resolve be forfeited and cease to remain owing by the Company and shall thenceforth belong to the Company absolutely.

34. **CAPITALISATION OF PROFITS** 

The Directors may with the authority of an Ordinary Resolution of the Company:

34.1 subject as hereinafter provided, resolve that it is desirable to capitalise any undistributed profits of the
Company (including profits carried and standing to any reserve or reserves) not required for paying any fixed dividends on any shares entitled to fixed preferential dividends with or without further participation in profits or to capitalise any sum
carried to reserve as a result of the sale or revaluation of the assets of the Company (other than goodwill) or any part thereof or to capitalise any sum standing to the credit of the Company's share premium account or capital redemption
reserve fund;

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34.2 appropriate the profits or sum resolved to be capitalised to the Members in the proportion in which such
profits or sum would have been divisible amongst them had the same been applicable and had been applied in paying dividends and to apply such profits or sum on their behalf either in or towards paying up any amount for the time being unpaid on any
shares held by such Members respectively or in paying up in full either at par or at such premium as the said resolution may provide any unissued shares or debentures of the Company such shares or debentures to be allotted and distributed credited
as fully Paid Up to and amongst such Members in the proportions aforesaid or partly in one way and partly in the other provided that the share premium account and the capital redemption reserve fund and any unrealised profits may for the purposes of
this Article only be applied in the paying up of unissued shares to be allotted to Members credited as fully Paid Up;

34.3 make all appropriations and applications of the profits or sum resolved to be capitalised thereby and all
allotments and issues of fully paid shares or debentures if any and generally shall do all acts and things required to give effect thereto with full power to the Directors to make such provision by the issue of certificates representing part of a
shareholding or fractions of shares or by payments in cash or otherwise as they think fit in the case of shares or debentures becoming distributable in fractions; and

34.4 authorise any Person to enter on behalf of all the Members entitled to the benefit of such appropriations and
applications into an agreement with the Company providing for the allotment to them respectively credited as fully Paid Up of any further shares or debentures to which they may be entitled upon such capitalisation and any agreement made under such
authority shall be effective and binding on all such Members.

35. **ACCOUNTS AND AUDIT** 

35.1 The Company shall keep accounting records which are sufficient to show and explain the Company's
transactions and are such as to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35.1.1 disclose with reasonable accuracy at any time the financial position of the Company at that time; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35.1.2 enable the Directors to ensure that any accounts prepared by the Company comply with requirements of the Law.

35.2 The Directors shall prepare accounts of the Company made up to such date in each year as the Directors shall
from time to time determine in accordance with and subject to the provisions of the Law.

35.3 No Member shall (as such) have any right to inspect any accounting records or other book or document of the
Company except as conferred by the Law or authorised by the Directors or by Ordinary Resolution of the Company.

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35.4 The Directors shall deliver to the Registrar of Companies a copy of the accounts of the Company signed on
behalf of the Directors by one of them together with a copy of the report thereon by the Auditors in accordance with the Law.

35.5 The Directors or the Company by Ordinary Resolution shall appoint Auditors for any period or periods to examine
the accounts of the Company and to report thereon in accordance with the Law.

36. **NOTICES** 

36.1 In the case of joint Holders of a share all Notices shall be given to that one of the joint Holders whose name
stands first in the Register in respect of the joint holding and Notice so given shall be sufficient Notice to all the joint Holders.

36.2 A Notice, other document or information may be given or provided to any Person: (a) either personally; or
(b) by sending it: (i) by post to it at its registered address; (ii) by electronic means to the address specified for that purpose by the intended recipient (generally or specifically); or (iii) by such other means as the Company
may in its absolute discretion determine. Where a Notice, other document or information is sent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36.2.1 by post, service of the Notice, other document or information shall be deemed to be effected by properly
addressing prepaying and posting a letter containing or accompanies by the Notice, other document or information and to have been effected one Clear Day after the day it was posted; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36.2.2 in electronic form, service of the Notice, other document or information shall be deemed to be effected by
properly addressing and sending it in such electronic form (as the case may be by or by attachment to an email) and to have been effected one Clear Day after the day it was sent and shall be seemed received by the intended recipient on that day
notwithstanding that the Company becomes aware that such Person has failed to receive such Notice, other document or information for any reason and notwithstanding that the Company subsequently sends a hard copy of such Notice, other document or
information by post to that Person.

36.3 Any Member Present at any meeting of the Company shall for all purposes be deemed to have received due Notice
of such meeting and where requisite of the purposes for which such meeting was convened.

36.4 Subject to Articles 36.5 and 36.10, the Directors may from time to time issue, endorse or adopt terms and
conditions relating to the use of electronic means for the sending of Notices, other documents (including forms of proxy appointment) or information by the Company to Members or Persons entitled by transmission and by Members or Persons entitled by
transmission to the Company.

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36.5 A Notice, other document or information may be given by the Company to the Persons entitled to a share in
consequence of the death, bankruptcy or incapacity of a Member by sending or delivering it in any manner authorised by these Articles for the giving of Notice or other document or information to a Member addressed to them by name or by the title of
representatives of the deceased or trustee of the Bankrupt or curator of the Member or by any like description at the address if any supplied for that purpose by the Persons claiming to be so entitled. Until such an address has been supplied a
Notice, other document or information may be given in any manner in which it might have been given if the death, bankruptcy or incapacity had not occurred. If more than one Person would be entitled to receive a Notice, other document or information
in consequence of the death, bankruptcy or incapacity of a Member, Notice, other document or information given to any one of such Persons shall be deemed for all purposes given to all such Persons.

36.6 Notwithstanding any of the provisions of these Articles any Notice, other document or information to be given
by the Company to a Director or to a Member may be given in any manner agreed in advance by any such Director or Member.

36.7 Any amendment or revocation of a notification given to the Company or agreement under this Article shall only
take effect if in Writing, signed (or authenticated by electronic means) by the Member and on actual receipt by the Company thereof.

36.8 A Notice or other document or information sent to the Company by electronic means shall not be treated as
received by the Company if it is rejected by computer virus protection arrangements.

36.9 Where these Articles require or permit a Notice or other document or information to be authenticated by a
person by electronic means, to be valid, it must incorporate the electronic signature or personal identification details of that person, in such form as the Directors may require to satisfy themselves that the document is genuine.

36.10 Where a Member of the Company has received a Notice, other document or information from the Company otherwise
than in hard copy form, it is entitled to require the Company to send to it a version of the Notice, other document or information in hard copy form within 21 days of the Company receiving the request.

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37. **WINDING UP** 

37.1 Subject to any particular rights or limitations for the time being attached to any shares as may be specified
in these Articles or in any Statement of Rights or upon which such shares may be issued if the Company is wound up, the assets available for distribution among the Members shall be applied first in repaying to the Members the amount Paid Up on their
shares respectively and if such assets shall be more than sufficient to repay to the Members the whole amount Paid Up on their shares the balance shall be distributed among the Members in proportion to the amount which at the time of the
commencement of the winding up had been actually Paid Up on their said shares respectively.

37.2 If the Company is wound up, the Company may with the sanction of a Special Resolution and any other sanction
required by the Law divide the whole or any part of the assets of the Company among the Members in specie and the liquidator or where there is no liquidator the Directors may for that purpose value any assets and determine how the division shall be
carried out as between the Members or different classes of Members and with the like sanction vest the whole or any part of the assets in trustees upon such trusts for the benefit of the Members as the liquidator or the Directors (as the case may
be) with the like sanction determine but no Member shall be compelled to accept any assets upon which there is a liability.

38. **INDEMNITY** 

38.1 Subject to Article 38.3 and in so far as the Law allows, every present or former Officer of any present or
former Group Company shall be indemnified out of the assets of the Company against any loss or liability incurred by him/her by reason of being or having been such an Officer.

38.2 Subject to Article 38.3, the Directors may, without sanction of the Company in general meeting, authorise the
purchase or maintenance by the Company for any present or former Officer of any present or former Group Company of any such insurance as is permitted by the Law in respect of any liability which would otherwise attach to such present or former
Officer by reason of him/her being or having been such an Officer.

38.3 The provisions of Articles 38.1 and 38.2 shall only apply to a present or former Officer of a former Group
Company in respect of any loss or liability incurred by, or which would otherwise be attached to (as the case may be), such present or former Officer during the time period in which the relevant former Group Company was a Group Company.

39. **FIXING RECORD DATE** 

39.1 For the purpose of determining Members entitled to Notice of or to vote at any meeting of Members or any
adjournment thereof or in order to make a determination of Members for any other proper purpose including, without limitation, for any dividend, distribution, allotment or issue, the Directors may fix a date as the record date for any such
determination of Members.

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39.2 A record date for any dividend, distribution, allotment or issue may be on or at any time before any date on
which such dividend, distribution, allotment or issue is paid or made and on or at any time before or after any date on which such dividend, distribution, allotment or issue is declared.

39.3 If no record date is fixed for the determination of Members entitled to Notice of or to vote at a meeting of
Members, the date on which Notice of the meeting is sent shall be the record date for such determination of Members. When a determination of Members entitled to vote at any meeting has been made in the manner provided in this Article such
determination shall apply to any adjournment thereof.

40. **UNTRACED MEMBERS** 

40.1 The Company may sell, in such manner as the Board of Directors may decide and at the best price it considers to
be reasonably obtainable at that time, any share of a Member, or any share to which a Person is entitled by transmission if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.1.1 during a period of 12 years at least three cash dividends or other distributions have become payable in respect
of the share to be sold and have been sent by the Company in accordance with these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.1.2 during that period of 12 years no cash dividend or distribution payable in respect of the share has been
claimed, no cheque, warrant, order or other payment for a dividend or distribution has been cashed, no dividend or distribution sent by means of a funds transfer system has been paid and no communication has been received by the Company from the
Member or the Person entitled by transmission to the share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.1.3 on or after the expiry of that period of 12 years the Company has published advertisements both in a national
newspaper and in a newspaper circulating in the area in which the last known address of the Member or Person entitled by transmission to the share or the address at which notices may be given in accordance with these Articles is located, in each
case giving notice of its intention to sell the share; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40.1.4 during the period of three months following the publication of those advertisements and after that period until
the exercise of the power to sell the share, the Company has not received any communication from the Member or the Person entitled by transmission to the share.

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40.2 The Company's power of sale shall extend to any further share which, on or before the date of publication
of the first of any advertisement pursuant to Article 40.1.3 above, is issued in right of a share to which Article 40.1 applies (or in right of any share to which this Article applies) if the conditions set out in Articles 40.1.2 to 40.1.4 are
satisfied in relation to the further share (but as if the references to a period of 12 years were references to a period beginning on the date of allotment of the further share and ending on the date of publication of the first of the advertisements
referred to above).

40.3 To give effect to any sale, the Board of Directors may authorise some Person to transfer the share to, or as
directed by, the purchaser, who shall not be bound to see to the application of the purchase money; nor shall the title of the new Holder to the share be affected by any irregularity in, or invalidity of, the proceedings relating to the sale.

40.4 The Company shall account to the person entitled to the share at the date of sale for a sum equal to the net
proceeds of sale and shall be deemed to be his debtor, and not a trustee for him, in respect of them.

40.5 Pending payment of the net proceeds of sale to such person, the proceeds may either be employed in the business
of the Company or invested in such investments (other than shares of the Company or its holding company, if any) as the Board of Directors may from time to time decide.

40.6 No interest shall be payable in respect of the net proceeds and the Company shall not be required to account
for any moneys earned on the net proceeds.

41. **NON-APPLICATION OF STANDARD TABLE** 

The regulations constituting the Standard Table prescribed pursuant to the Law shall not apply to the Company and are hereby expressly excluded in their entirety.

## Exhibit 4.1

**Exhibit 4.1** 

**<u>EXECUTION VERSION</u>**

**CYPRIUM CORPORATION** 

**CYPRIUM HOLDINGS LUXEMBOURG S.À R.L.** 

**as Issuers** 

**THE GUARANTORS PARTY HERETO,** 

**as Guarantors** 

**AND** 

**U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION,** 

**as Trustee** 

**6.125% SENIOR NOTES DUE 2031** 

**6.375% SENIOR NOTES DUE 2034** 

**INDENTURE DATED AS OF** 

**MARCH 18, 2026** 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS INDENTURE HAS BEEN OMITTED BY MEANS OF REDACTING A PORTION OF THE TEXT AND REPLACING IT WITH [\*\*\*], PURSUANT TO REGULATION S-K ITEM 601(B) OF THE SECURITIES ACT OF 1933, AS AMENDED. CERTAIN CONFIDENTIAL INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS: (i) NOT MATERIAL AND (ii) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.

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**TABLE OF CONTENTS** 

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| | | |
|:---|:---|:---|
|  |  | **Page** |
|  ARTICLE 1 | ARTICLE 1 | ARTICLE 1 |
|  ESTABLISHMENT; DEFINITIONS AND INCORPORATION BY REFERENCE | ESTABLISHMENT; DEFINITIONS AND INCORPORATION BY REFERENCE | ESTABLISHMENT; DEFINITIONS AND INCORPORATION BY REFERENCE |
|  SECTION 1.01. | Definitions | 1 |
|  SECTION 1.02. | Other Definitions | 18 |
|  SECTION 1.03. | [Reserved] | 18 |
|  SECTION 1.04. | Rules of Construction | 18 |
|  SECTION 1.05. | Certain Calculations | 19 |
|  ARTICLE 2<br> THE NOTES | ARTICLE 2<br> THE NOTES | ARTICLE 2<br> THE NOTES |
|  SECTION 2.01. | Form and Dating | 21 |
|  SECTION 2.02. | Execution and Authentication | 22 |
|  SECTION 2.03. | Registrar and Paying Agent | 22 |
|  SECTION 2.04. | Paying Agent to Hold Money in Trust | 23 |
|  SECTION 2.05. | Holder Lists | 23 |
|  SECTION 2.06. | Transfer and Exchange | 23 |
|  SECTION 2.07. | Replacement Notes | 31 |
|  SECTION 2.08. | Outstanding Notes | 32 |
|  SECTION 2.09. | Treasury Notes | 32 |
|  SECTION 2.10. | Temporary Notes | 32 |
|  SECTION 2.11. | Cancellation | 32 |
|  SECTION 2.12. | Defaulted Interest | 32 |
|  SECTION 2.13. | CUSIP or ISIN Numbers | 33 |
|  SECTION 2.14. | Additional Notes | 33 |
|  SECTION 2.15. | Persons Deemed Owners | 33 |
|  SECTION 2.16. | Book-Entry Provisions for Global Notes | 34 |
|  ARTICLE 3<br> REDEMPTION AND PREPAYMENT | ARTICLE 3<br> REDEMPTION AND PREPAYMENT | ARTICLE 3<br> REDEMPTION AND PREPAYMENT |
|  SECTION 3.01. | Notices to Trustee | 34 |
|  SECTION 3.02. | Selection of Notes to Be Redeemed | 34 |
|  SECTION 3.03. | Notice of Redemption | 34 |
|  SECTION 3.04. | Effect of Notice Upon Redemption | 35 |
|  SECTION 3.05. | Deposit of Redemption Price | 35 |
|  SECTION 3.06. | Notes Redeemed in Part | 36 |
|  SECTION 3.07. | Optional Redemption | 36 |
|  SECTION 3.08. | Tax Redemption | 37 |
|  SECTION 3.09. | Special Mandatory Redemption | 38 |
|  SECTION 3.10. | Mandatory Redemption | 39 |
|  ARTICLE 4<br> COVENANTS | ARTICLE 4<br> COVENANTS | ARTICLE 4<br> COVENANTS |
|  SECTION 4.01. | Payment of Notes | 39 |
|  SECTION 4.02. | Maintenance of Office or Agency | 39 |
|  SECTION 4.03. | Reports | 39 |
|  SECTION 4.04. | Compliance Certificate | 40 |
|  SECTION 4.05. | Payment of Additional Amounts | 41 |

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| | | |
|:---|:---|:---|
|  SECTION 4.06. | Activities Prior to Release Date | 42 |
|  SECTION 4.07. | Incurrence of Non-Guarantor Indebtedness and Issuance of Non-Guarantor Preferred Stock | 43 |
|  SECTION 4.08. | Limitation on Sale and Leaseback Transactions | 46 |
|  SECTION 4.09. | [Reserved] | 46 |
|  SECTION 4.10. | Liens | 46 |
|  SECTION 4.11. | Offer to Repurchase Upon Change of Control Triggering Event | 50 |
|  SECTION 4.12. | Corporate Existence | 51 |
|  SECTION 4.13. | Additional Guarantors | 51 |
|  SECTION 4.14. | U.S. Federal Income Tax Treatment | 51 |
|  ARTICLE 5<br> SUCCESSORS | ARTICLE 5<br> SUCCESSORS | ARTICLE 5<br> SUCCESSORS |
|  SECTION 5.01. | Merger, Consolidation, or Sale of Assets | 52 |
|  SECTION 5.02. | Successor Corporation Substituted | 53 |
|  ARTICLE 6<br> DEFAULTS AND REMEDIES | ARTICLE 6<br> DEFAULTS AND REMEDIES | ARTICLE 6<br> DEFAULTS AND REMEDIES |
|  SECTION 6.01. | Events of Default | 53 |
|  SECTION 6.02. | Acceleration | 54 |
|  SECTION 6.03. | Other Remedies | 56 |
|  SECTION 6.04. | Waiver of Past Defaults | 56 |
|  SECTION 6.05. | Control by Majority | 56 |
|  SECTION 6.06. | Limitation on Suits | 57 |
|  SECTION 6.07. | Rights of Holders of Notes to Receive Payment | 57 |
|  SECTION 6.08. | Collection Suit by Trustee | 57 |
|  SECTION 6.09. | Trustee May File Proofs of Claim | 57 |
|  SECTION 6.10. | Priorities | 58 |
|  SECTION 6.11. | Undertaking for Costs | 58 |
|  ARTICLE 7<br> TRUSTEE | ARTICLE 7<br> TRUSTEE | ARTICLE 7<br> TRUSTEE |
|  SECTION 7.01. | Duties of Trustee | 58 |
|  SECTION 7.02. | Rights of the Trustee | 59 |
|  SECTION 7.03. | Individual Rights of Trustee | 60 |
|  SECTION 7.04. | Trustee's Disclaimer | 61 |
|  SECTION 7.05. | Notice of Defaults | 61 |
|  SECTION 7.06. | [Reserved] | 61 |
|  SECTION 7.07. | Compensation and Indemnity | 61 |
|  SECTION 7.08. | Replacement of Trustee | 62 |
|  SECTION 7.09. | Successor Trustee by Merger, Etc. | 63 |
|  SECTION 7.10. | Eligibility; Disqualification | 63 |
|  ARTICLE 8 | ARTICLE 8 | ARTICLE 8 |
|  LEGAL DEFEASANCE AND COVENANT DEFEASANCE | LEGAL DEFEASANCE AND COVENANT DEFEASANCE | LEGAL DEFEASANCE AND COVENANT DEFEASANCE |
|  SECTION 8.01. | Option to Effect Legal Defeasance or Covenant Defeasance | 63 |
|  SECTION 8.02. | Legal Defeasance and Discharge | 63 |
|  SECTION 8.03. | Covenant Defeasance | 64 |
|  SECTION 8.04. | Conditions to Legal or Covenant Defeasance | 64 |

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| | | |
|:---|:---|:---|
|  SECTION 8.05. | Deposited Money and U.S. Government Securities to Be Held in Trust; Other Miscellaneous Provisions | 65 |
|  SECTION 8.06. | Satisfaction and Discharge | 65 |
|  SECTION 8.07. | Repayment to Issuers | 66 |
|  SECTION 8.08. | Reinstatement | 66 |
|  SECTION 8.09. | Survival | 66 |
|  ARTICLE 9 | ARTICLE 9 | ARTICLE 9 |
|  AMENDMENT, SUPPLEMENT AND WAIVER | AMENDMENT, SUPPLEMENT AND WAIVER | AMENDMENT, SUPPLEMENT AND WAIVER |
|  SECTION 9.01. | Without Consent of Holder | 66 |
|  SECTION 9.02. | With Consent of Holders of Notes | 68 |
|  SECTION 9.03. | [Reserved] | 69 |
|  SECTION 9.04. | Revocation and Effect of Consents | 69 |
|  SECTION 9.05. | Trustee to Sign Amendments | 69 |
|  ARTICLE 10<br> NOTE GUARANTEES | ARTICLE 10<br> NOTE GUARANTEES | ARTICLE 10<br> NOTE GUARANTEES |
|  SECTION 10.01. | Note Guarantees | 69 |
|  SECTION 10.02. | Limitation on Liability | 70 |
|  SECTION 10.03. | Successors and Assigns | 70 |
|  SECTION 10.04. | No Waiver | 71 |
|  SECTION 10.05. | No Waiver | 71 |
|  SECTION 10.06. | Release of Guarantor | 71 |
|  SECTION 10.07. | Contribution | 71 |
|  ARTICLE 11<br> MISCELLANEOUS | ARTICLE 11<br> MISCELLANEOUS | ARTICLE 11<br> MISCELLANEOUS |
|  SECTION 11.01. | [Reserved] | 71 |
|  SECTION 11.02. | Notices | 71 |
|  SECTION 11.03. | [Reserved] | 73 |
|  SECTION 11.04. | Certificate and Opinion as to Conditions Precedent | 73 |
|  SECTION 11.05. | Statements Required in Certificate or Opinion | 73 |
|  SECTION 11.06. | Rules by Trustee and Agents | 73 |
|  SECTION 11.07. | No Personal Liability of Directors, Officers, Employees and Stockholders | 74 |
|  SECTION 11.08. | Governing Law; Waiver of Jury Trial | 74 |
|  SECTION 11.09. | No Adverse Interpretation of Other Agreements | 74 |
|  SECTION 11.10. | Successors | 74 |
|  SECTION 11.11. | Severability | 74 |
|  SECTION 11.12. | Counterpart Originals | 74 |
|  SECTION 11.13. | **Table of Contents**, Headings, Etc. | 74 |
|  SECTION 11.14. | Force Majeure | 75 |
|  SECTION 11.15. | Patriot Act | 75 |
|  SECTION 11.16. | Legal Holidays | 75 |
|  SECTION 11.17. | Currency Indemnity | 75 |
|  SECTION 11.18. | Jurisdiction; Consent to Service of Process | 76 |
|  ARTICLE 12<br> ESCROW MATTERS | ARTICLE 12<br> ESCROW MATTERS | ARTICLE 12<br> ESCROW MATTERS |
|  SECTION 12.01. | Escrow Account | 76 |
|  SECTION 12.02. | Special Mandatory Redemption | 76 |
|  SECTION 12.03. | Release of Escrow Property | 77 |
|  SECTION 12.04. | Trustee Direction to Execute Escrow Agreement | 77 |

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-iii-

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| | |
|:---|:---|
| EXHIBITS |  |
| Exhibit A | Form of 2031 Note |
| Exhibit B | Form of 2034 Note |
| Exhibit C | Form of Certificate of Transfer |
| Exhibit D | Form of Certificate of Exchange |
| Exhibit E | Form of Supplemental Indenture to Be Delivered by Subsequent Guarantors |

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-iv-

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This INDENTURE, dated as of March 18, 2026 (this "***Indenture***"), is by and among Cyprium Corporation, a Delaware corporation (including its permitted successors and assigns, "***Cyprium Corp.***"), and Cyprium Holdings Luxembourg S.à r.l., a Luxembourg private limited liability company (*société à responsabilité limitée*) incorporated under the laws of the Grand Duchy of Luxembourg (including its permitted successors and assigns, "***Cyprium Luxembourg***" and together with Cyprium Corp., the "***Issuers***"), the Guarantors (as defined herein) from time to time party hereto, U.S. Bank Trust Company, National Association, a national banking association, as trustee (the "***Trustee***"), registrar and paying agent.

WITNESSETH:

WHEREAS, the Issuers are entering into this Indenture to establish the form and terms of their 6.125% Senior Notes due 2031 (the "***2031 Notes***") and 6.375% Senior Notes due 2034 (the "***2034 Notes***" and, together with the 2031 Notes, the "***Notes***"); and

WHEREAS, all conditions necessary to authorize the execution and delivery of this Indenture and to make it a valid and binding obligation of the Issuers and the Guarantors have been done or performed.

NOW, THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Issuers, the Guarantors and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders of the Notes.

ARTICLE 1

ESTABLISHMENT; DEFINITIONS AND INCORPORATION BY REFERENCE

SECTION 1.01. <u>Definitions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The following are definitions used in this Indenture.

"***144A Global Note***" means a Global Note of the applicable series substantially in the form of <u>Exhibit A</u> or <u>Exhibit B</u> hereto, as applicable, bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Notes of such series sold in reliance on Rule 144A.

"***Acquired Debt***" means, with respect to any specified Person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Indebtedness of any other Person existing at the time such other Person is merged with or into or becomes a Subsidiary of such specified Person, including Indebtedness incurred in connection with, or in contemplation of, or to provide all or any portion of the funds or credit support utilized in connection with, such other Person merging with or into, or becoming a Subsidiary of, such specified Person; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Indebtedness secured by an existing Lien encumbering any asset acquired by such specified Person.

"***Additional Notes***" means 2031 Notes or 2034 Notes, as applicable, issued from time to time after the Issue Date pursuant to Section 2.14 of this Indenture, and any Notes issued in exchange or replacement therefor.

"***Affiliate***" of any specified Person means any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, "***control***" when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms "***controlling***" and "***controlled***" have meanings correlative to the foregoing.

"***Agent***" means any Registrar, Paying Agent or Authenticating Agent.

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"***Applicable Premium***" means, with respect to any Note on any applicable redemption date, the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) 1% of the then-outstanding principal amount of such Note; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the excess, if any, of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the present value at such redemption date of all required principal and interest payments due on such Note (assuming, in the case of the 2031 Notes, a redemption date of April 15, 2028 and, in the case of the 2034 Notes, a redemption date of April 15, 2029) (excluding accrued but unpaid interest to the redemption date), computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points, over

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the then-outstanding principal amount of such Note.

The Issuers shall calculate or cause the calculation of the Applicable Premium and the Trustee shall have no duty to calculate or verify the Issuers' calculation of the Applicable Premium.

"***Applicable Procedures***" means, with respect to any transfer, redemption or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary that apply to such transfer, redemption or exchange.

"***Aptiv***" means Aptiv PLC, a Jersey public limited company.

"***Attributable Debt***" means: (a) with respect to any Sale and Leaseback Transaction that does not result in a Capitalized Lease Obligation, the present value (computed in accordance with GAAP) of the total obligations of the lessee for rental payments during the remaining term of the lease included in such Sale and Leaseback Transaction (including any period for which such lease has been extended). In the case of any lease which is terminable by the lessee upon payment of a penalty, the Attributable Debt shall be the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Attributable Debt determined assuming termination upon the first date such lease may be terminated (in which case the Attributable Debt shall also include the amount of the penalty, but no rent shall be considered as required to be paid under such lease subsequent to the first date upon which it may be so terminated); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Attributable Debt determined assuming no such termination; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with respect to any Sale and Leaseback Transaction that results in a Capitalized Lease Obligation, the amount of Indebtedness represented thereby according to the definition of "Capitalized Lease Obligations."

"***Attributable Receivables Indebtedness***" means, at any time with respect to any Permitted Receivables Facility, the principal amount of Indebtedness which (a) if such Permitted Receivables Facility is structured as a secured lending agreement, would constitute at such time the principal amount of such Indebtedness or (b) if such Permitted Receivables Facility is structured as a purchase agreement or factoring arrangement, would be outstanding at such time under the Permitted Receivables Facility if the same were structured as a secured lending agreement rather than a purchase agreement or a factoring arrangement.

"***Bankruptcy Law***" means Title 11, U.S. Code or any similar federal or state law for the relief of debtors, or the law of any other jurisdiction relating to bankruptcy, insolvency, winding up, liquidation, reorganization or the relief of debtors.

"***Board of Directors***" means the board of directors of an Issuer or any committee thereof duly authorized to act on behalf of the board of directors of such Issuer.

"***Business Day***" means each day which is not a Legal Holiday.

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"***Capital Stock***" of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity.

"***Capitalized Lease Obligations***" means an obligation that is required to be classified and accounted for as a capitalized lease for financial reporting purposes in accordance with GAAP, and the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation determined in accordance with GAAP.

"***Cash Equivalents***" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Dollars, euros, pound sterling or other money in other currencies received in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) securities with maturities of one (1) year or less from the date of acquisition issued or fully guaranteed or insured by the United States federal government or any agency thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) securities with maturities of one (1) year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or A by Moody's;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) demand deposit, certificates of deposit and time deposits with maturities of one (1) year or less from the date of acquisition and overnight bank deposits of any commercial bank, supranational bank or trust company having capital and surplus in excess of $500,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) repurchase obligations with respect to securities of the types (but not necessarily maturity) described in clauses (b) and (c) above, having a term of not more than ninety (90) days, of banks (or bank holding companies) or subsidiaries of such banks (or bank holding companies) and non-bank broker-dealers listed on the Federal Reserve Bank of New York's list of primary and other reporting dealers ("***Repo Counterparties***") which Repo Counterparties have capital, surplus and undivided profits aggregating in excess of $500,000,000 (or the foreign equivalent thereof) and which Repo Counterparties or their parents (if the Repo Counterparties are not rated) will at the time of the transaction be rated A-1 by S&P (or such similar equivalent rating) or higher by at least one nationally recognized statistical rating organization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) commercial paper rated at least A-1 or the equivalent thereof by S&P or P-1 or the equivalent thereof by Moody's and in either case maturing within one (1) year after the day of acquisition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) short-term marketable securities of comparable credit quality to those described in clauses (a) through (f) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) shares of money market mutual or similar funds that invest at least 95% in assets satisfying the requirements of clauses (a) through (g) of this definition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in the case of the Parent or a Subsidiary of the Parent, substantially similar investments, of comparable credit quality, denominated in the currency of any jurisdiction in which the Parent or such Subsidiary conducts business; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) any other investment treated as a "cash equivalent" pursuant to GAAP.

"***Cash Management Obligations***" means obligations in respect of overdraft and related liabilities arising from treasury, depositary and cash management services or any automated clearing house transfers of funds or participating in commercial (or purchasing) card programs.

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"***Certificated Note***" means a certificated Note registered in the name of the Holder thereof and issued in accordance with Article 2 hereof, in substantially the form of <u>Exhibit A</u> or <u>Exhibit B</u> hereto, as applicable, except that such Note shall not bear the Global Note Legend and shall not have the "Schedule of Increases or Decreases in the Global Note" attached thereto.

"***Change of Control***" means the occurrence of any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) any transaction occurs (including a merger or consolidation of the Parent) following which any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Parent; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any sale, lease or transfer (for the avoidance of doubt, other than a transfer to the Parent or a Subsidiary of the Parent), in one or a series of related transactions, of all or substantially all the assets of the Parent and its Subsidiaries, taken as a whole, to a Person in which any person (as defined above) holds or acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of 50% or more of the total voting power of the Voting Stock of such transferee Person.

Notwithstanding the foregoing, the Transactions, including the Spin-Off, shall not constitute a Change of Control. Additionally, a transaction will not be deemed to involve a Change of Control if (1) the Parent becomes a direct or indirect Subsidiary of a holding company and (2) no person (as defined above) (other than a holding company) owns, directly or indirectly, a majority of the voting power of the Equity Interests of such holding company.

"***Change of Control Triggering Event***" means, with respect to a series of Notes, the occurrence of both (i) a Change of Control and (ii) a Rating Event with respect to such series of Notes.

"***Charge***" means any fee, loss, charge, expense, cost, accrual or reserve of any kind (other than loss of revenues).

"***Code***" means the U.S. Internal Revenue Code of 1986, as amended.

"***Consolidated EBITDA***" means, with reference to any period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Consolidated Net Income for such period; *plus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) without duplication and, other than in the case of clause (b)(xiii) below, to the extent deducted from revenues in determining Consolidated Net Income for such period: (i) Consolidated Interest Expense and charges, deferred financing fees and milestone payments in connection with any investment or series of related investments, losses on Swap Agreements entered into for the purpose of hedging interest rate risk, net of gains on such Swap Agreements, and costs of surety bonds in connection with financing activities; (ii) expense and provision for taxes paid or accrued; (iii) depreciation; (iv) amortization (including amortization of intangibles); (v) non-cash Charges recorded in respect of purchase accounting or impairment of goodwill, intangibles or long-lived assets and non-cash exchange, translation or performance losses relating to any foreign currency hedging transactions or currency fluctuations except to the extent representing an accrual for future cash outlays; (vi) any non-cash costs or expenses incurred by the Parent or a Subsidiary of the Parent pursuant to any employee or management equity plan or stock plan with respect to Capital Stock of the Parent; (vii) non-cash Charges pursuant to SFAS 158; (viii) any other non-cash Charges except to the extent representing an accrual for future cash outlays, including write-downs of excess, obsolete or unbalanced inventories and other asset write-downs; (ix) (A) any unusual, infrequent or extraordinary Charges (including, without limitation, the amount of any integration, transition, severance, facility closing and similar Charges (including any Charges to establish accruals and reserves or to make payments associated with the reassessment or realignment of the business and operations of the Parent and its Subsidiaries, including, without limitation, the sale or closing of facilities), stay bonuses, Charges arising from curtailments or modifications to pension and post-retirement employee benefit plans, Charges arising from asset disposals (including leased

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facilities), write-downs for purchase and lease commitments, start-up costs for new facilities, relocation costs which are not otherwise capitalized and any related promotional costs of exiting products or product lines) and (B) any restructuring and similar charges; (x) without duplication, income of any non-wholly owned Subsidiaries of the Parent and deductions attributable to minority interests; (xi) expenses with respect to any casualty or other insured damage to, or any taking under power of eminent domain, condemnation, expropriation or similar proceeding of, any asset of the Parent or any Subsidiary of the Parent; (xii) to the extent actually reimbursed, Charges to the extent covered by indemnification provisions in any agreement in connection with any acquisition or investment; (xiii) pro forma "run rate" cost savings, operating expense reductions, operational improvements and cost synergies (other than, in each case, any revenue enhancements or revenue synergies) (collectively, "*Expected Cost Savings*") (in each case, calculated on a Pro Forma Basis as though such Expected Cost Savings had been realized in full on the first day of such period, but net of actual amounts realized during such period) that are reasonably identifiable and factually supportable (in each case, as determined by the Parent in good faith) related to any acquisition (including the commencement of activities constituting a business line), investment, disposition outside the ordinary course of business (including the termination or discontinuance of activities constituting a business line), Cost Saving Initiative and/or specified transaction, in each case, whether consummated or initiated prior to, on or after the Release Date; *provided* that such Expected Cost Savings are projected by the Parent in good faith to result from actions that have been taken or with respect to which steps have been taken or are expected to be taken (in the good faith determination of the Parent) within 24 months after the applicable date of determination of Consolidated EBITDA; *provided*, *further*, that the aggregate amount added to or included in Consolidated EBITDA pursuant to this clause (xiii) shall not, for any Test Period, exceed an amount equal to 25% of Consolidated EBITDA for such Test Period, calculated after giving effect to any amounts added to or included in Consolidated EBITDA pursuant to any clause of this definition (including this clause (xiii)); (xiv) unrealized net losses in the fair market value of any arrangements under Swap Agreements; (xv) any other adjustments, exclusions and add-backs that are identified or set forth in any quality of earnings or similar analysis or report prepared by a "Big Four" accounting firm or another financial advisor in connection with any acquisition or investment consummated after the Release Date; *provided* that (A) no such adjustments, exclusions or addbacks may be in the nature of revenue enhancement or revenue synergies and (B) any such adjustments, exclusions and addbacks that are based on pro forma "run rate" effects shall not be permitted by this clause (xv) (and instead may only be made to the extent permitted by clause (xiii) above); (xvi) any Charge attributable to earn-outs, purchase price adjustments and other contingent obligations in connection with any acquisition or investment; and (xvii) any distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and any other fees paid to a Person which is not the Parent or any of its Subsidiaries in connection with, any Permitted Receivables Facility permitted under this Indenture and discounts on the sale of accounts receivable in connection with any Permitted Receivables Facility permitted under this Indenture representing, in the Parent's reasonable determination, the implied interest component of such discount for such period; *minus*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to the extent included in Consolidated Net Income for such period: (i) any unusual, infrequent or extraordinary income or gains; (ii) unrealized net gains in the fair market value of any arrangements under Swap Agreements; (iii) any gains attributable to earn-outs, purchase price adjustments and other contingent obligations in connection with any acquisition or other similar Investment; and (iv) any other non-cash income or gain (except to the extent representing an accrual for future cash income);

*provided* that, to the extent included in Consolidated Net Income for such period, there shall be excluded in determining Consolidated EBITDA for any period (A) currency translation gains and losses related to currency remeasurements of Indebtedness (including the net loss or gain resulting from Swap Agreements for currency exchange risk) and (B) adjustments resulting from the application of SFAS 133.

In addition, to the extent not already included in Consolidated Net Income for such period, Consolidated EBITDA will include the proceeds of business interruption insurance (whether or not received so long as the Parent in good faith expects to receive such proceeds within the next four fiscal quarters (with a deduction in the applicable future period for any amount so added back to the extent not so received within the next four fiscal quarters)).

Notwithstanding anything to the contrary herein, it is agreed that for the purpose of calculating the Consolidated Non-Guarantor Debt Ratio, the Consolidated Secured Leverage Ratio and/or the amount of any basket based on a percentage of LTM EBITDA for any period that includes the fiscal quarter ended June 30, 2025, September 30, 2025 or December 31, 2025, Consolidated EBITDA for such fiscal quarter shall be deemed to be $223,000,000, $238,000,000 and $237,000,000, respectively, in each case, as adjusted (i) on a Pro Forma Basis, as applicable, and (ii) pursuant to clauses (b)(xiii) and (b)(xv) of this definition, as applicable, for such period.

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"***Consolidated Interest Expense***" means, with reference to any period, the interest expense whether or not paid in cash of the Parent and its Subsidiaries calculated on a consolidated basis for such period in accordance with GAAP plus, without duplication: (a) imputed interest attributable to any Capitalized Lease Obligations of the Parent and its Subsidiaries for such period, (b) commissions, discounts and other fees and charges owed by the Parent or any of its Subsidiaries with respect to letters of credit securing financial obligations, bankers' acceptance financing and receivables financings for such period, (c) amortization or write-off of debt discount and debt issuance costs, premium, commissions, discounts and other fees and charges associated with Indebtedness of the Parent and its Subsidiaries for such period, (d) cash contributions to any employee stock ownership plan or similar trust made by the Parent or any of its Subsidiaries to the extent such contributions are used by such plan or trust to pay interest or fees to any person (other than the Parent or a wholly-owned Subsidiary) in connection with Indebtedness incurred by such plan or trust for such period, (e) all interest paid or payable with respect to discontinued operations of the Parent or any of its Subsidiaries for such period, (f) the interest portion of any deferred payment obligations of the Parent or any of its Subsidiaries for such period, (g) all interest on (x) any indebtedness of others secured by (or for which the holder of such indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by the Parent or any of its Subsidiaries, whether or not the indebtedness secured thereby has been assumed, and (y) any indebtedness Guaranteed by the Parent or any of its Subsidiaries, and (h) the interest component of all Attributable Receivables Indebtedness and Attributable Debt of the Parent and its Subsidiaries.

"***Consolidated Net Income***" means, with reference to any period, the net income (or loss) of the Parent and its Subsidiaries calculated in accordance with GAAP on a consolidated basis (without duplication) for such period; *provided* that, in calculating Consolidated Net Income, there shall be excluded (a) extraordinary items, (b) the income (or deficit) of any Person accrued prior to the date it becomes a Subsidiary of the Parent or is merged into or consolidated with the Parent or any of its Subsidiaries (except to the extent required for any calculation of Consolidated EBITDA on a Pro Forma Basis), (c) the income (or deficit) of any Person (other than a Subsidiary of the Parent) in which the Parent or any of its Subsidiaries has an ownership interest, except to the extent that any such income is actually received by the Parent or such Subsidiary in the form of dividends or similar distributions, (d) Transaction Costs and any other fees and expenses incurred during such period, or any amortization thereof for such period, in connection with the consummation of any acquisition, investment, asset disposition, issuance or repayment of Indebtedness, purchase, issuance or sale of Equity Interests, refinancing transaction or amendment or other modification of any debt instrument (in each case, including any such transaction undertaken but not completed), (e) any income (loss) for such period attributable to the early extinguishment of Indebtedness or early termination of any Swap Agreement and (f) the cumulative effect of a change in accounting principles.

"***Consolidated Non-Guarantor Debt Ratio***" means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness of the Subsidiaries of the Parent as of such date that constitutes Non-Guarantor Indebtedness or Non-Guarantor Preferred Stock (excluding any such amounts owing to the Parent or a Subsidiary) to (b) LTM EBITDA.

"***Consolidated Secured Indebtedness***" means, as of any date of determination, Consolidated Total Indebtedness as of such date that is secured by a Lien on any property of an Issuer or any Guarantor as of such date.

"***Consolidated Secured Leverage Ratio***" means, as of any date of determination, the ratio of (a) Consolidated Secured Indebtedness as of such date to (b) LTM EBITDA.

"***Consolidated Total Indebtedness***" means at any time the sum, without duplication, of the aggregate principal amount of Indebtedness for borrowed money of the Parent and its Subsidiaries outstanding as of such time of a type required to be reflected on a balance sheet prepared at such time on a consolidated basis in accordance with GAAP *minus* the aggregate amount of unrestricted cash and Cash Equivalents of the Parent and its Subsidiaries.

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"***Cost Saving Initiative***" means any operating improvement, restructuring, cost savings or similar initiative (including the effect of arrangements or efficiencies from the shifting of production of one or more products from one manufacturing facility to another).

"***Corporate Trust Office of the Trustee***" shall be at the address of the Trustee specified in Section 11.02 hereof, or such other address as to which the Trustee may give notice to the Issuers.

"***Credit Agreement***" means that certain Credit Agreement, dated as of November 26, 2025, by and among the Issuers, the Parent, certain Subsidiaries of the Parent, the several lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented, extended or otherwise modified from time to time.

"***Credit Facilities***" means (1) the Credit Agreement and (2) one or more debt facilities, indentures or other agreements refinancing, replacing, amending, restating or supplementing (whether or not contemporaneously and whether or not related to the agreements specified above) or otherwise restructuring or increasing the amount of available borrowings or other credit extensions under or making Subsidiaries of the Parent a borrower, additional borrower or guarantor under, all or any portion of the Indebtedness under such agreement or any successor, replacement or supplemental agreement and whether including any additional obligors or with the same or any other agent, lender or group of lenders or with other financial institutions or lenders.

"***Currency Agreement***" means, with respect to any Person any foreign exchange contract, currency swap agreements or other similar agreement or arrangement to which such Person is a party or of which it is a beneficiary.

"***Custodian***" means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in Section 2.03(c) as Custodian with respect to the Notes, and any and all successors thereto appointed as custodian hereunder and having become such pursuant to the applicable provisions of this Indenture.

"***Default***" means any event which is, or after notice or passage of time or both would be, an Event of Default.

"***Derivative Instrument***" with respect to a Person, means any contract, instrument or other right to receive payment or delivery of cash or other assets to which such Person or any Affiliate of such Person that is acting in concert with such Person in connection with such Person's investment in the Notes (other than a Regulated Bank or a Screened Affiliate) is a party (whether or not requiring further performance by such Person), the value and/or cash flows of which (or any material portion thereof) are materially affected by the value and/or performance of the Notes and/or the creditworthiness of any Issuer and/or any one or more of the Guarantors (the "Performance References").

"***Disqualified Capital Stock***" means any Capital Stock which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable (other than for Qualified Capital Stock), pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than for Qualified Capital Stock), in whole or in part, prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued (it being understood that if any such redemption is in part, only such part coming into effect prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued shall constitute Disqualified Capital Stock), (b) is or becomes convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii) any Capital Stock that would constitute Disqualified Capital Stock, in each case at any time prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued (it being understood that if any such conversion or exchange is in part, only such part coming into effect prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued shall constitute Disqualified Capital Stock), (c) contains any mandatory repurchase obligation or any other repurchase obligation at the option of the holder thereof (other than for Qualified Capital Stock), in whole or in part, which may come into effect prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued (it being understood that if any such repurchase obligation is in part, only such part coming into effect prior to 91 days

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following such Latest Maturity Date at the time such Capital Stock is issued shall constitute Disqualified Capital Stock) or (d) provides for the scheduled payments of dividends in cash prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued; *provided* that any Capital Stock that would not constitute Disqualified Capital Stock but for provisions thereof giving holders thereof (or the holders of any security into or for which such Capital Stock is convertible, exchangeable or exercisable) the right to require the issuer thereof to redeem such Capital Stock upon the occurrence of any change of control, public offering or any disposition occurring prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued shall not constitute Disqualified Capital Stock if such Capital Stock provides that the issuer thereof will not redeem any such Capital Stock pursuant to such provisions prior to the Latest Maturity Date.

"***Depositary***" means, with respect to the Notes of a series issuable or issued in whole or in part in global form, the Person specified in Section 2.03(b) hereof as the Depositary with respect to the Notes of such series, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provisions of this Indenture.

"***EDS Business***" means the business constituting Aptiv's Electrical Distribution Systems segment and certain of its other assets and liabilities, in each case, as described in the Offering Memorandum.

"***Equity Interests***" means Capital Stock and all warrants, options or other rights to acquire Capital Stock, but excluding any debt security that is convertible into, or exchangeable for, Capital Stock.

"***Equity Offering***" means, following the Release Date, a public or private offering of Qualified Capital Stock of the Parent (or any parent thereof, to the extent contributed to the Parent), other than any issuance and sale to any Subsidiary of the Parent.

"***Escrow Account***" has the meaning set forth in the Escrow Agreement.

"***Escrow Agent***" means JPMorgan Chase Bank, N.A., as agent under the Escrow Agreement, and any and all successors thereto appointed pursuant to the terms and conditions set forth in the Escrow Agreement.

"***Escrow Agreement***" means the Escrow Agreement dated the date hereof by and among the Issuers, the Trustee and the Escrow Agent, relating to the Initial Notes, as amended, modified or supplemented from time to time.

"***Escrow Conditions***" has the meaning set forth in the Escrow Agreement.

"***Escrow End Date***" means April 30, 2026.

"***Escrow Property***" has the meaning set forth in the Escrow Agreement.

"***Exchange Act***" means the Securities Exchange Act of 1934, as amended.

"***Fitch***" means Fitch Ratings, Inc. and any successor to its rating business.

"***GAAP***" means generally accepted accounting principles in the United States of America as in effect as of the Issue Date set forth in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) statements and pronouncements of the Financial Accounting Standards Board,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) such other statements by such other entities as approved by a significant segment of the accounting profession, and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the rules and regulations of the SEC governing the inclusion of financial statements (including pro forma financial statements) in periodic reports required to be filed pursuant to Section 13 of the Exchange Act, including opinions and pronouncements in staff accounting bulletins and similar written statements from the accounting staff of the SEC.

"***Global Note Legend***" means the legend set forth in Section 2.06(g)(ii) hereof, which is required to be placed on all Global Notes issued under this Indenture.

"***Global Notes***" means, individually and collectively, each of the Restricted Global Notes and the Unrestricted Global Notes, in the form of <u>Exhibit A</u> or <u>Exhibit B</u> hereto, as applicable, issued in accordance with Article 2 hereof.

"***Guarantee***" means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness of any other Person entered into for purposes of assuring in any manner the obligee of such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); *provided*, *however*, that the term "Guarantee" shall not include endorsements for collection or deposit in the

ordinary course of business. The term "Guarantee" used as a verb has a corresponding meaning.

"***Guarantor***" means the Parent and each Subsidiary of the Parent that provides a Note Guarantee under this Indenture.

"***Holder***" means the Person in whose name a Note is registered on the Registrar's books.

"***Indebtedness***" means the principal of and premium (if any) in respect of indebtedness of such Person for borrowed money.

Notwithstanding the foregoing, (i) in connection with the purchase by the Parent or any Subsidiary of any business, the term "Indebtedness" will exclude bona fide post-closing payment adjustments to which the seller may become entitled to the extent such payment is determined by a final closing balance sheet or such payment depends on the performance of such business after the closing; *provided*, *however*, that, at the time of closing, the amount of any such payment is not determinable and, to the extent such payment thereafter becomes fixed and determined, the amount is paid within 30 days thereafter and (ii) Swap Agreements, Cash Management Obligations and other obligations in respect of card obligations, netting services, overdraft protections, cash management services and similar arrangements shall not constitute Indebtedness.

The amount of Indebtedness of any Person at any date shall be the outstanding balance at such date of all unconditional obligations as described above; *provided*, *however*, that in the case of Indebtedness sold at a discount, the amount of such Indebtedness at any time will be the accreted value thereof at such time.

"***Indirect Participant***" means a Person who holds a beneficial interest in a Global Note through a Participant.

"***Initial Notes***" means $800,000,000 in aggregate principal amount of the 2031 Notes and $800,000,000 in aggregate principal amount of the 2034 Notes, in each case issued under this Indenture on the Issue Date.

"***Initial Purchasers***" means BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, BNP Paribas Securities Corp., PNC Capital Markets LLC, SG Americas Securities, LLC, U.S. Bancorp Investments, Inc., Santander US Capital Markets LLC, Scotia Capital (USA) Inc., Standard Chartered Bank and UniCredit Capital Markets LLC.

"***interest***" means, with respect to the Notes, interest on the Notes.

"***Interest Payment Date***" has the meaning set forth in paragraph 1 of the applicable Notes.

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"***Investment Grade Rating***" means a rating equal to or higher than Baa3 (or the equivalent) by Moody's, BBB- (or the equivalent) by S&P and BBB- (or the equivalent) by Fitch, or if Moody's, S&P or Fitch shall cease to provide a rating of the Notes, an equivalent rating by any other Rating Agency substituted for Moody's, S&P or Fitch pursuant to clause (b) of the definition of "Rating Agency."

"***IP Rights***" means all patents, trademarks, copyrights, and other intellectual property rights.

"***Issue Date***" means March 18, 2026.

"***Joint Venture***" means, with respect to any Person, any other Person in which such Person owns Capital Stock (other than any Subsidiary), and including, for the avoidance of doubt, any other Person in which such Person owns less than a majority of the Capital Stock thereof. Unless otherwise specified, "Joint Venture" shall refer to a Joint Venture of the Parent or any Subsidiary.

"***Latest Maturity Date***" means, as of any date of determination, the latest Stated Maturity applicable to any series of Notes outstanding under this Indenture.

"***Legal Holiday***" means a Saturday, Sunday or other day on which the Trustee, Registrar and Paying Agent or banking institutions are not required by law or regulation to be open in the State of New York or in the jurisdiction of the place of payment.

"***Lien***" means any mortgage, pledge, security interest, encumbrance, lien or charge in the nature of an encumbrance of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof); *provided* that any obligation in respect of an operating lease shall not be deemed a lien.

"***Long Derivative Instrument***" means a Derivative Instrument (i) the value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with positive changes to the Performance References and/or (ii) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with negative changes to the Performance References.

"***LTM EBITDA***" means Consolidated EBITDA for the most recently ended Test Period.

"***Moody's***" means Moody's Investors Service, Inc. and any successor to its rating business.

"***Net Short***" means, with respect to a Holder or beneficial owner, as of a date of determination, either (i) the value of its Short Derivative Instruments exceeds the sum of the (x) the value of its Notes plus (y) the value of its Long Derivative Instruments as of such date of determination or (ii) it is reasonably expected that such would have been the case were a Failure to Pay or Bankruptcy Credit Event (each as defined in the 2014 International Swaps and Derivatives Association, Inc. Credit Derivatives Definitions) to have occurred with respect to an Issuer or any Guarantor immediately prior to such date of determination.

"***Non-Guarantor Indebtedness***" means any Indebtedness of a Non-Guarantor Subsidiary.

"***Note Guarantee***" means each Guarantee of the obligations with respect to the Notes issued by a Guarantor pursuant to the terms of this Indenture.

"***Offering Memorandum***" means the offering memorandum dated March 4, 2026 relating to the Initial Notes.

"***Officer***" means the Chairman of the Board, the Chief Executive Officer, the Chief Financial Officer, the President, any Vice President, any Manager, the Treasurer or the Secretary of an Issuer. "***Officer***" of any Guarantor has a correlative meaning.

"***Officer's Certificate***" means a certificate signed by an Officer.

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"***Opinion of Counsel***" means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to an Issuer or a Guarantor.

"***Parent***" means Versigent Limited, a company incorporated in Jersey with limited liability, or any successor thereto pursuant to the applicable provisions of this Indenture.

"***Participant***" means, with respect to the Depositary, a Person who has an account with the Depositary.

"***Permitted Guarantee***" means any guarantee by the Parent or a Subsidiary of the Parent of Indebtedness of the Parent or a Subsidiary of the Parent that is not prohibited by this Indenture.

"***Permitted Receivables Facility***" means any facility providing for (a) the factoring, sale or pledge by the Parent or its Subsidiaries (other than a Receivables Entity) of Receivables and Permitted Receivables Related Assets to a Receivables Entity, which in turn shall sell or pledge interests in such Receivables and Permitted Receivables Related Assets to third-party lenders or investors as part of a Receivables-backed financing program (with the Receivables Entity permitted to issue investor certificates, purchased interest certificates or other similar documentation evidencing interests in such Receivables and Permitted Receivables Related Assets) in return for the cash used by the Receivables Entity to purchase such Receivables and Permitted Receivables Related Assets from the Parent or its Subsidiaries or (b) the factoring, sale or pledge by the Parent or its Subsidiaries (other than a Receivables Entity) of Receivables and Permitted Receivables Related Assets to third-party lenders or investors as part of a Receivables-backed financing program, in each case on terms reasonably customary for transactions of this type.

"***Permitted Receivables Facility Assets***" means (a) Receivables (whether now existing or arising in the future) which are transferred or pledged pursuant to any Permitted Receivables Facility and any related Permitted Receivables Related Assets which are also so transferred or pledged and all proceeds thereof and (b) loans to the Parent or any of its Subsidiaries (other than a Receivables Entity) secured by Receivables (whether now existing or arising in the future) of the Parent and its Subsidiaries which are made pursuant to any Permitted Receivables Facility.

"***Permitted Receivables Facility Documents***" means each of the documents and agreements entered into in connection with the Permitted Receivables Facility, including all documents and agreements relating to the issuance, funding and/or purchase of certificates and purchased interests, all of which documents and agreements shall be in form and substance reasonably customary for transactions of this type (in the good faith determination of the Issuers), in each case as such documents and agreements may be amended, modified, supplemented, refinanced or replaced from time to time so long as (in the good faith determination of the Issuers) either (i) the terms as so amended, modified, supplemented, refinanced or replaced are reasonably customary for transactions of this type or (ii) any such amendments, modifications, supplements, refinancings or replacements do not impose any conditions or requirements on the Parent or any of its Subsidiaries that are more restrictive in any material respect than those in existence immediately prior to any such amendment, modification, supplement, refinancing or replacement.

"***Permitted Receivables Related Assets***" means any assets that are customarily transferred or in respect of which security interests are customarily granted in connection with Receivables-backed financing programs (including factoring programs) and any collections or proceeds of any of the foregoing.

"***Person***" means any individual, corporation, partnership, limited liability company, Joint Venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity.

"***Preferred Stock***" means any Equity Interest with preferential rights of payment of dividends upon liquidation, dissolution or winding up.

"***principal***" of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.

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"***Pro Forma Basis***" or "***pro forma effect***" means, with respect to any determination of the Consolidated Non-Guarantor Debt Ratio, the Consolidated Secured Leverage Ratio, Consolidated EBITDA or Consolidated Net Income (including component definitions thereof) in connection with any Subject Transaction, that such Subject Transaction and each other Subject Transaction required to be given pro forma effect pursuant to this Indenture shall be deemed to have occurred as of the first day of the applicable Test Period (or, with respect to any determination pertaining to the balance sheet, including the acquisition of cash and Cash Equivalents in connection with an acquisition of a Person, business line, unit, division or product line, as of the last day of such Test Period) and that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i) in the case of any disposition of all or substantially all of the Capital Stock of any Subsidiary or any division, line of business, business unit and/or product line of the Parent or any Subsidiary, income statement items (whether positive or negative) attributable to the property or Person subject to such Subject Transaction shall be excluded as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made and (ii) in the case of any acquisition or investment described in the definition of the term "Subject Transaction," income statement items (whether positive or negative) attributable to the property or Person subject to such Subject Transaction shall be included as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made; *provided* that any pro forma adjustment may be applied to any such test or covenant solely to the extent that such adjustment is consistent with, subject to the limitations set forth in and without duplication with respect to the application of, the definition of "Consolidated EBITDA";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any Expected Cost Savings as a result of any Cost Saving Initiative shall be calculated on a pro forma basis as though such Expected Cost Savings had been realized on the first day of the applicable Test Period and as if such Expected Cost Savings were realized in full during the entirety of such period; *provided* that any pro forma adjustment may be applied to any such test or covenant solely to the extent that such adjustment is consistent with, subject to the limitations set forth in and without duplication with respect to the application of, the definition of "Consolidated EBITDA";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any retirement or repayment of Indebtedness shall be deemed to have occurred as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any Indebtedness incurred by the Parent or any of its Subsidiaries in connection therewith shall be deemed to have been incurred as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made; *provided* that (i) if such Indebtedness has a floating or formula rate, such Indebtedness shall have an implied rate of interest for the applicable Test Period for purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness at the relevant date of determination (taking into account any interest hedging arrangements applicable to such Indebtedness), (ii) interest on any obligation with respect to any Capitalized Lease Obligations shall be deemed to accrue at an interest rate determined by the Parent in good faith to be the rate of interest implicit in such obligation in accordance with GAAP and (iii) interest on any Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, an interbank offered rate or other rate shall be determined to have been based upon the rate actually chosen, or if none, then based upon such optional rate chosen by the Parent.

"***Private Placement Legend***" means the legend set forth in Section 2.06(g)(i) hereof to be placed on all Notes issued under this Indenture, except where otherwise permitted by the provisions of this Indenture.

"***Qualified Capital Stock***" of any Person means any Capital Stock of such Person that is not Disqualified Capital Stock.

"***QIB***" means a "qualified institutional buyer" as defined in Rule 144A.

"***Rating Agency***" means (a) S&P, Moody's and Fitch or (b) if S&P, Moody's or Fitch or any or all of them shall not make a rating on the Notes publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Issuers (as certified by a resolution of their respective Board of Directors) which shall be substituted for S&P, Moody's or Fitch or any or all of them, as the case may be.

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"***Rating Event***" means, with respect to a series of Notes: (a) a downgrade by one or more gradations (including gradations within ratings categories as well as between categories) or withdrawal of the rating of such series of Notes, in each case during the Trigger Period, by at least two of the Rating Agencies and (b) the Notes of such series are not rated Investment Grade by any Rating Agency at such time (with a withdrawn rating attributable in whole or in part to the applicable Change of Control being deemed to be not Investment Grade for this purpose); *provided* that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control if each applicable downgrading or withdrawing Rating Agency does not publicly announce or confirm or inform the Trustee in writing at the Issuers' request that the downgrade or withdrawal was the result of the Change of Control (whether or not the applicable Change of Control has occurred). Notwithstanding the foregoing, no Rating Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated; *provided further* that in the event that a Rating Agency does not provide a rating of Notes of such series on the first day of the Trigger Period, such absence of rating shall be treated as both (x) a downgrade in the rating of such Notes by such Rating Agency and (y) such Notes not being rated Investment Grade by such Rating Agency, in each case, for purposes of clauses (a) and (b) above and shall not be subject to the proviso in the immediately preceding sentence.

"***Receivables Entity***" means a Subsidiary of the Parent which engages in no activities other than in connection with a Receivables-based financing program (including factoring programs) and (a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by the Parent or any Subsidiary of the Parent (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the Parent or any Subsidiary of the Parent in any way (other than pursuant to Standard Securitization Undertakings) or (iii) subjects any property or asset of the Parent or any Subsidiary of the Parent, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings, (b) with which neither the Parent nor any of its other Subsidiaries has any contract, agreement, arrangement or understanding (other than pursuant to the Permitted Receivables Facility Documents (including with respect to fees payable in the ordinary course of business in connection with the servicing of accounts receivable and related assets)) on terms less favorable to the Parent or such Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Parent, and (c) to which neither the Parent nor any other Subsidiary of the Parent has any obligation to maintain or preserve such entity's financial condition or cause such entity to achieve certain levels of operating results other than pursuant to Standard Securitization Undertakings.

"***Regulated Bank***" means a commercial bank with a consolidated combined capital surplus of at least $5,000,000,000 that is (i) a U.S. depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation; (ii) a corporation organized under section 25A of the U.S. Federal Reserve Act of 1913; (iii) a branch, agency or commercial lending company of a foreign bank operating pursuant to approval by and under the supervision of the Board of Governors of the Federal Reserve System of the U.S. under 12 CFR part 211; (iv) a non- U.S. branch of a foreign bank managed and controlled by a U.S. branch referred to in clause (iii); or (v) any other U.S. or non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory authority in any jurisdiction.

"***Refinance***" means, in respect of any Indebtedness, to refinance, extend, renew, refund, repay, prepay, redeem, defease or retire, or to issue other Indebtedness in exchange or replacement for, such Indebtedness, including, in any such case from time to time, after the discharge of the Indebtedness being Refinanced. "***Refinanced***" and "***Refinancing***" shall have correlative meanings.

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"***Refinancing Indebtedness***" means Indebtedness that is incurred to Refinance (including pursuant to any defeasance or discharge mechanism) any Indebtedness of the Parent or any Subsidiary incurred in compliance with this Indenture (including Indebtedness that Refinances Refinancing Indebtedness); *provided*, *however*, such Refinancing Indebtedness is incurred in an aggregate principal amount (or if incurred with original issue discount, an aggregate issue price) that is equal to or less than (i) the aggregate principal amount of the Indebtedness being refinanced (or if issued with original issue discount, the aggregate accreted value) then outstanding plus (ii) fees and expenses, including any premium and defeasance costs and accrued interest.

"***Regular Record Date***" for the interest payable on any Interest Payment Date means the applicable date specified as a "Record Date" on the face of the applicable Note.

"***Regulation S***" means Regulation S promulgated under the Securities Act.

"***Regulation S Global Note***" means a Global Note in the form of <u>Exhibit A</u> or <u>Exhibit B</u> hereto, as applicable, bearing the Global Note Legend, the Private Placement Legend and the Regulation S Global Note Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Notes of such series initially sold in reliance on Rule 903.

"***Regulation S Global Note Legend***" means the legend set forth in Section 2.06(g)(iii) hereof.

"***Release Date***" means the date specified in the Release Request for the release of the Escrow Property, which date must not be more than ten Business Days after the date of the delivery of such Release Request.

"***Release Request***" means the Escrow Release Certificate (as defined in the Escrow Agreement) requesting release of the Escrow Property on the Release Date and certifying that the Escrow Conditions have been met or will be met substantially concurrently with the release of the Escrow Property (or, in the case of the Escrow Condition described in Section 3(b)(i)(B) of the Escrow Agreement, will be met within five Business Days after the Release Date).

"***Restricted Certificated Note***" means a Certificated Note bearing, or that is required to bear, the Private Placement Legend.

"***Restricted Global Note***" means a Global Note bearing, or that is required to bear, the Private Placement Legend.

"***Restricted Period***" means, in respect of any Note issued pursuant to Regulation S, the 40-day distribution compliance period as defined in Regulation S applicable to such Note.

"***Rule 144***" means Rule 144 promulgated under the Securities Act.

"***Rule 144A***" means Rule 144A promulgated under the Securities Act.

"***Sale and Leaseback Transaction***" means an arrangement relating to property now owned or hereafter acquired by an Issuer or a Guarantor whereby such Issuer or Guarantor transfers such property to a Person and leases it from such Person, other than (i) leases between the Parent and a Subsidiary of the Parent or between Subsidiaries of the Parent or (ii) any such transaction entered into with respect to any property, plant or equipment or any improvements thereto at the time of, or within 180 days after, the acquisition or completion of construction of such property, plant or equipment or such improvements (or, if later, the commencement of commercial operation of any such property, plant or equipment), as the case may be, to finance the cost of such property, plant or equipment or such improvements, as the case may be.

"***Screened Affiliate***" means any Affiliate of a Holder (i) that makes investment decisions independently from such Holder and any other Affiliate of such Holder that is not a Screened Affiliate, (ii) that has in place customary information screens between it and such Holder and any other Affiliate of such Holder that is not a Screened Affiliate and such screens prohibit the sharing of information with respect to the Parent or its Subsidiaries, (iii) whose investment policies are not directed by such Holder or any other Affiliate of such Holder that is acting in concert with such Holder in connection with its investment in the Notes, and (iv) whose investment decisions are not influenced by the investment decisions of such Holder or any other Affiliate of such Holder that is acting in concert with such Holder in connection with its investment in the Notes.

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"***Short Derivative Instrument***" means a Derivative Instrument (i) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with positive changes to the Performance References and/or (ii) the value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with negative changes to the Performance References.

"***SEC***" means the United States Securities and Exchange Commission.

"***Securities Act***" means the Securities Act of 1933, as amended.

"***Significant Subsidiary***" means any Subsidiary that would be a "Significant Subsidiary" of the Parent within the meaning of Rule 1-02(w)(1) or (2) under Regulation S-X promulgated by the SEC as in effect on the Issue Date.

"***Special Mandatory Redemption***" means the redemption of the Notes by the Issuers at the Special Mandatory Redemption Price following a Special Mandatory Redemption Event.

"***Special Mandatory Redemption Date***" means the date specified by the Issuers in a notice of Special Mandatory Redemption delivered pursuant to Section 3.09, which date shall be no later than the third Business Day following the date of the applicable Special Mandatory Redemption Event.

"***Special Mandatory Redemption Event***" means (i) the Escrow Conditions are not satisfied by the Escrow End Date, (ii) Aptiv's board of directors earlier determines that the Escrow Conditions will not be satisfied by such date or determines to no longer pursue the Spin-Off or (iii) the Escrow Property has been released to the Issuers for their account or at their direction but the Spin-Off is not consummated on or prior to the fifth Business Day following the Release Date.

"***Special Mandatory Redemption Price***" means, with respect to a series of Notes, a redemption price equal to 100% of the issue price of such series of Notes, as set forth on the cover of the Offering Memorandum, plus accrued and unpaid interest from the Issue Date, or the most recent date on which interest has been paid or provided for, to, but excluding, the Special Mandatory Redemption Date.

"***Spin-Off***" means the transfer by Aptiv of the EDS Business to the Parent and its Subsidiaries, and the subsequent distribution by Aptiv of 100% of the ordinary shares of the Parent to Aptiv's existing shareholders.

"***S&P***" means S&P Global Ratings and any successor to its rating business.

"***Standard Securitization Undertakings***" means representations, warranties, covenants and indemnities entered into by the Parent or any Subsidiary thereof in connection with a Permitted Receivables Facility which are reasonably customary in accounts receivable financing or factoring transactions.

"***Stated Maturity***" means, with respect to any security, the date specified in such security as the fixed date on which the final payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase of such security at the option of the holder thereof upon the happening of any contingency beyond the control of the issuer unless such contingency has occurred).

"***Subject Transaction***" means, with respect to any Test Period, (a) the Transactions, (b) any acquisition or any investment, whether by purchase, merger, amalgamation or otherwise, of all or substantially all of the assets of, or any business line, unit or division of, any Person or of a majority of the outstanding Capital Stock of any Person (and in any event including any investment in (x) any Subsidiary the effect of which is to increase the Parent's or its relevant Subsidiary's respective equity ownership in such Subsidiary or (y) any Joint Venture for the purpose of

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increasing the Parent's or its relevant Subsidiary's ownership interest in such Joint Venture), (c) any disposition of all or substantially all of the assets or Capital Stock of a Subsidiary (or any business unit, line of business or division of the Parent or a Subsidiary), (d) any incurrence or repayment of Indebtedness (other than revolving Indebtedness), (e) any Cost Saving Initiative and/or (f) any other event that by the terms of this Indenture requires pro forma compliance with a test or covenant thereunder or requires such test or covenant to be calculated on a pro forma basis.

"***Subsidiary***" of any Person means any corporation, association, partnership or other business entity of which more than 50% of the total voting power of shares of Capital Stock or other interests (including partnership interests) entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) such Person,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) such Person and one or more Subsidiaries of such Person or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) one or more Subsidiaries of such Person.

Unless the context otherwise requires, Subsidiary means a Subsidiary of the Parent.

"***Swap Agreement***" means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; *provided* that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Parent or its Subsidiaries shall be a Swap Agreement.

"***Test Period***" means, as of any date, the period of four consecutive fiscal quarters then most recently ended for which financial statements of the Parent have been delivered (or are required to have been delivered) pursuant to Section 4.03; it being understood and agreed that prior to the first delivery of financial statements, "Test Period" means the period of four consecutive fiscal quarters ended December 31, 2025.

"***TIA***" means the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the Issue Date.

"***Transactions***" means (a) the issuance and sale of the Notes pursuant to the Offering Memorandum, (b) the entering into of the Credit Agreement and the making of borrowings thereunder, (c) the Spin-Off (and the transactions related thereto) and (d) the entry into the Escrow Agreement, and, in each case, the transactions related thereto.

"***Transaction Costs***" means fees, premiums, expenses and other transaction costs (including original issue discount or upfront fees) payable or otherwise borne by the Parent and/or its Subsidiaries in connection with the Transactions.

"***Treasury Rate***" means, as of the applicable redemption date, the weekly average rounded to the nearest 1/100th of a percentage point (for the most recently completed week for which such information is available as of the date that is two Business Days prior to the redemption date or, in the case of a satisfaction and discharge or defeasance, at least two Business Days prior to the date on which the Issuers deposit the amounts required under this Indenture) of the yield to maturity of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 with respect to each applicable day during such week (or, if such Statistical Release is no longer published or no market data appears thereon, any publicly available source of similar market data)) most nearly equal to the period from such redemption date to, in the case of the 2031 Notes, April 15, 2028 and, in the case of the 2034 Notes, April 15, 2029; *provided*, *however*, that if the period from such redemption date to, in the case of the 2031 Notes, April 15, 2028 and, in the case of the 2034 Notes, April 15, 2029 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used.

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"***Trigger Period***" means the 60-day period commencing on the earlier of (i) the occurrence of a Change of Control and (ii) the first public announcement of the occurrence of a Change of Control or the Issuers' intention to effect a Change of Control (which Trigger Period will be extended, with respect to a series of Notes, for so long as the ratings of the Notes of the applicable series are under publicly announced consideration for possible downgrade by any two of the three Rating Agencies); *provided* that the Trigger Period will terminate with respect to each Rating Agency when such Rating Agency takes action (including affirming its existing ratings) with respect to such Change of Control.

"***Trust Officer***" means any vice president, any assistant vice president, any trust officer, any assistant trust officer, secretary, associate or any other officer associated with the corporate trust department of the Trustee customarily performing functions similar to those performed by any of the above designated officers, and also means, with respect to a particular corporate trust matter relating to this Indenture, any other officer of the Trustee to whom such matter is referred because of such person's knowledge of and familiarity with the particular subject and who, in each case, shall have direct responsibility for the administration of this Indenture.

"***Trustee***" means the party named as such in this Indenture until a successor or assignee replaces it and, thereafter, means the successor or assignee.

"***Unrestricted Certificated Note***" means one or more Certificated Notes that do not bear and are not required to bear the Private Placement Legend.

"***Unrestricted Global Note***" means a permanent Global Note, substantially in the form of <u>Exhibit A</u> or <u>Exhibit B</u> hereto, as applicable, that bears the Global Note Legend and that has the "Schedule of Exchanges of Interests in the Global Note" attached thereto, and that is deposited with or on behalf of and registered in the name of the Depositary, representing Notes that do not bear the Private Placement Legend.

"***U.S. Dollar Equivalent***" means, with respect to any monetary amount in a currency other than U.S. dollars, at any time for determination thereof, the amount of U.S. dollars obtained by converting such foreign currency involved in such computation into U.S. dollars at the spot rate for the purchase of U.S. dollars with the applicable foreign currency as published in *The Wall Street Journal* in the "Exchange Rates" column under the heading "Currency Trading" on the date two Business Days prior to such determination.

Except as otherwise set forth in Section 4.07(c), whenever it is necessary to determine whether the Issuers have complied with any covenant in this Indenture or a Default has occurred and an amount is expressed in a currency other than U.S. dollars, such amount will be treated as the U.S. Dollar Equivalent determined as of the date such amount is initially determined in such currency.

"***U.S. Government Obligations***" means direct obligations (or certificates representing an ownership interest in such obligations) of the United States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of America is pledged and which are not callable or redeemable at the issuer's option.

"***Voting Stock***" of a Person means all classes of Capital Stock or other interests (including partnership interests) of such Person then outstanding and normally entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof.

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SECTION 1.02. <u>Other</u><u> </u><u>Definitions</u>.

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| | |
|:---|:---|
| **Term** | **Defined in Section** |
|  2031 Notes | Recitals |
|  2034 Notes | Recitals |
|  Acceleration Notice | 6.02 |
|  Additional Amounts | 4.05(b) |
|  Agreed Guarantee Principles | 10.02 |
|  Applicable Premium Deficit | 8.06 |
|  Authenticating Agent | 2.03(e) |
|  Authentication Order | 2.02(d) |
|  Change in Tax Law | 3.08(b) |
|  Change of Control Offer | 4.11(a) |
|  Change of Control Payment | 4.11(a) |
|  Change of Control Payment Date | 4.11(a) |
|  Covenant Defeasance | 8.03 |
|  Directing Holder | 6.02 |
|  DTC | 2.03(b) |
|  Event of Default | 6.01 |
|  Fixed Amount | 1.05 |
|  Future Guarantor | 10.02 |
|  Global Note Legend | 2.06(g)(ii) |
|  Guaranteed Obligations | 10.01 |
|  incur | 4.07(a) |
|  Incurrence Based Amount | 1.05 |
|  Indenture | Preamble |
|  Initial Lien | 4.10(a) |
|  Issuers | Preamble |
|  Legal Defeasance | 8.02 |
|  Non-Guarantor Preferred Stock | 4.07(a) |
|  Non-Guarantor Subsidiary | 4.07 |
|  Non-U.S. Guarantors | 11.18 |
|  Notes | Recitals |
|  Note Register | 2.03(a) |
|  Noteholder Direction | 6.02 |
|  Paying Agent | 2.03(a) |
|  Permitted Liens | 4.10(a) |
|  Position Representation | 6.02 |
|  Private Placement Legend | 2.06(g)(i)(1) |
|  Process Agent | 11.18 |
|  Redemption Date | 2.08(d) |
|  Registrar | 2.03(a) |
|  Regulation S Global Note Legend | 2.06(g)(iii) |
|  Relevant Jurisdiction | 4.05 |
|  Required Currency | 11.17 |
|  Subsidiary Guarantor | 5.01(b) |
|  Successor Parent | 5.01(a)(1) |
|  Successor Guarantor | 5.01(b)(1) |
|  Taxes | 4.05(a) |
|  Tax Redemption Date | 3.08(b) |
|  Trustee | Preamble |
|  Verification Covenant | 6.02 |

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SECTION 1.03. [<u>Reserved</u>].

SECTION 1.04. <u>Rules</u><u> </u><u>of</u> <u>Construction</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Unless the context otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a term has the meaning assigned to it;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) except as set forth in Section 1.05, an accounting term not otherwise defined herein has the meaning assigned to it in accordance with GAAP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) "or" is not exclusive;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) words in the singular include the plural, and in the plural include the singular;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) all references in this instrument to "Articles," "Sections" and other subdivisions are to the designated Articles, Sections and subdivisions of this instrument as originally executed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the words "herein," "hereof" and "hereunder" and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) "including" means "including without limitation",

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) provisions apply to successive events and transactions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) references to sections of or rules under the Securities Act or the Exchange Act shall be deemed to include substitute, replacement or successor sections or rules adopted by the SEC from time to time thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Unless otherwise expressly specified, references in this Indenture to specific Article numbers or Section numbers refer to Articles and Sections contained in this Indenture and not to any other document.

SECTION 1.05. <u>Certain</u> <u>Calculations</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All terms of an accounting or financial nature used in this Indenture shall be construed, and all computations of amounts and ratios referred to therein shall be made, without giving effect to (i) any election under Accounting Standards Codification 825-10-25 (previously referred to as Statement of Financial Accounting Standards 159) (or any other Accounting Standards Codification, International Accounting Standard or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Parent or any subsidiary at "fair value," as defined therein, (ii) any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification, International Accounting Standard or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof and (iii) the application of Accounting Standards Codifications 480, 815, 805 and 718 (to the extent the pronouncements under Accounting Standards Codification 718 result in recording an equity award as a liability on the consolidated balance sheet of the Parent and its Subsidiaries in the circumstance where, but for the application of the pronouncements, such award would have been classified as equity) (or any other Accounting Standards Codification, International Accounting Standard or Financial Accounting Standard having a similar result or effect).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding anything to the contrary contained in Section 1.05(a) above or in the definition of "Capitalized Lease Obligations", unless the Parent elects otherwise, all obligations of any Person that are or would have been treated as operating leases for purposes of GAAP prior to any change in accounting for leases pursuant to GAAP resulting from the implementation of Financial Accounting Standards Board ASU No. 2016-02, Leases (Topic 842) shall continue to be accounted for as operating leases (and not be treated as financing or capital lease obligations or Indebtedness) for purposes of all financial definitions, calculations and deliverables under this Indenture (including the calculation of Consolidated Net Income and Consolidated EBITDA) (whether or not such operating lease obligations were in effect on such date) notwithstanding the fact that such obligations are required in accordance with such ASU (or any other proposals issued by the Financial Accounting Standards Board in connection therewith) (on a prospective or retroactive basis or otherwise) to be treated as or to be recharacterized as financing or capital lease obligations or otherwise accounted for as liabilities in financial statements.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding anything to the contrary in this Indenture, but subject to Sections 1.05(d), (e) and (f), all financial ratios and tests (including the Consolidated Non-Guarantor Debt Ratio, the Consolidated Secured Leverage Ratio, Consolidated Net Income and Consolidated EBITDA) in this Indenture that are calculated with respect to any Test Period during which any Subject Transaction occurs shall be calculated with respect to such Test Period and such Subject Transaction on a Pro Forma Basis. Further, if since the beginning of any such Test Period and on or prior to the date of any required calculation of any financial ratio, test or amount (x) any Subject Transaction has occurred or (y) any Person that subsequently became a Subsidiary or was merged, amalgamated or consolidated with or into the Parent or any of its Subsidiaries since the beginning of such Test Period has consummated any Subject Transaction, then, in each case, any applicable financial ratio, test or amount shall be calculated on a Pro Forma Basis for such Test Period as if such Subject Transaction had occurred at the beginning of the applicable Test Period (or, with respect to any determination pertaining to the balance sheet, including the acquisition of cash and Cash Equivalents, as of the last day of such Test Period).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For purposes of determining the permissibility of any action, change, transaction or event that requires a calculation of any financial ratio or financial test (including any Consolidated Non-Guarantor Debt Ratio test and/or Consolidated Secured Leverage Ratio test) and/or the amount of Consolidated EBITDA or Consolidated Net Income, such financial ratio, financial test or amount shall, subject to clause (e) below, be calculated at the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be, and no Default or Event of Default shall be deemed to have occurred solely as a result of a change in such financial ratio, financial test or amount occurring after the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding anything to the contrary in this Indenture, to the extent that the terms of this Indenture require (i) compliance with any financial ratio or financial test (including any Consolidated Non-Guarantor Debt Ratio test or any Consolidated Secured Leverage Ratio test) and/or any cap expressed as a percentage of LTM EBITDA, (ii) the absence of a Default or Event of Default (or any type of default or event of default) or (iii) compliance with any basket or other condition, the determination of whether the relevant condition is satisfied may be made, at the election of the Parent, in the case of any acquisition or investment or any disposition, or any incurrence of Indebtedness or other transaction relating thereto, at the time of (or on the basis of the financial statements for the most recently ended Test Period at the time of) either (x) the execution of the definitive agreement with respect to such acquisition, investment or disposition (or, solely in connection with an acquisition, consolidation or business combination to which the United Kingdom City Code on Takeovers and Mergers applies, the date on which a "Rule 2.7 Announcement" of a firm intention to make an offer is made) or the establishment of a commitment with respect to such Indebtedness or (y) the consummation of such acquisition or investment, after giving effect on a Pro Forma Basis to the relevant acquisition or investment (including the intended use of proceeds (but without netting such proceeds) of any Indebtedness to be incurred in connection therewith), no Default or Event of Default shall be deemed to have occurred solely as a result of an adverse change in such ratio, test or condition occurring after the time such election is made (but any subsequent improvement in the applicable ratio, test or amount may be utilized by the Parent or any Subsidiary). If the Parent shall have elected to test the permissibility of any transaction as provided above prior to the consummation of such transaction, then prior to the completion of such transaction (or the abandonment of such transaction), all future incurrence tests shall be made on a Pro Forma Basis for such transaction and all related transactions. For the avoidance of doubt, if the Parent shall have elected the option set forth in clause (x) of this clause (e) in respect of any transaction, then the Parent or its applicable Subsidiary shall be permitted to consummate such transaction even if any applicable test or condition shall cease to be satisfied subsequent to the Parent's election of such option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Notwithstanding anything to the contrary in this Indenture, unless the Parent otherwise notifies the Trustee, with respect to any amount incurred or transaction entered into (or consummated) in reliance on a provision of this Indenture that does not require compliance with a financial ratio or financial test (including any Consolidated Non-Guarantor Debt Ratio test and/or any Consolidated Secured Leverage Ratio test) (any such amount, including any concurrent drawing under a revolving credit facility, and any cap expressed as a percentage of LTM EBITDA, a "***Fixed Amount***") substantially concurrently with any amount incurred or transaction entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with a financial ratio or financial test (including any Consolidated Non-Guarantor Debt Ratio test and/or any Consolidated Secured Leverage Ratio test) (any such amount, an "***Incurrence-Based Amount***"), it is understood and agreed that (i) the incurrence of the

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Incurrence-Based Amount shall be calculated first without giving effect to any Fixed Amount but giving full pro forma effect to the use of proceeds of such Fixed Amount (but without netting such proceeds) and the related transactions and (ii) the incurrence of the Fixed Amount shall be calculated thereafter. Unless it elects otherwise, the Parent shall be deemed to have used amounts under an Incurrence-Based Amount then available to the Parent prior to utilization of any amount under a Fixed Amount then available to the Parent. In calculating any Incurrence-Based Amount, any amounts concurrently incurred under a revolving credit facility shall not be given effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) For purposes of determining compliance with Section 4.07 or Section 4.10, if any Indebtedness or Lien is incurred in reliance on a basket measured by reference to a percentage of LTM EBITDA or ratio based on LTM EBITDA and any refinancing or replacement thereof would cause the percentage of LTM EBITDA or ratio based on LTM EBITDA to be exceeded if calculated based on the LTM EBITDA on the date of such refinancing or replacement, such percentage of LTM EBITDA or ratio based on LTM EBITDA will be deemed not to be exceeded so long as the principal amount of such refinancing or replacement Indebtedness does not exceed an amount sufficient to repay the principal amount of such Indebtedness being refinanced or replaced, except by an amount equal to (x) unpaid accrued interest, penalties and premiums (including tender, prepayment or repayment premiums) thereon plus underwriting discounts and other customary fees, commissions and expenses (including upfront fees, original issue discount or initial yield payment) incurred in connection with such refinancing or replacement and (y) additional amounts permitted to be incurred under Section 4.07 (subject to utilization of such amounts) and, if applicable, secured under Section 4.10.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Any ratios required to be satisfied in order for a specific action to be permitted under this Indenture shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

ARTICLE 2

THE NOTES

SECTION 2.01. <u>Form</u><u> </u><u>and</u><u> </u><u>Dating</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>General</u>. The Trustee shall initially authenticate the 2031 Notes for original issue on the Issue Date in an aggregate principal amount of $800,000,000 and the 2034 Notes for original issue on the Issue Date in an aggregate principal amount of $800,000,000, upon a written order of the Issuers (other than as provided in Section 2.07 hereof). The 2031 Notes and the Trustee's certificate of authentication shall be substantially in the form of <u>Exhibit A</u> hereto. The 2034 Notes and the Trustee's certificate of authentication shall be substantially in the form of <u>Exhibit B</u> hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rules or usage. Each Note shall be dated the date of its authentication and shall bear interest from the date of original issuance thereof or from the most recent date to which interest has been paid or duly provided for. The Notes shall be issued initially in minimum denominations of $2,000 and any integral multiple of $1,000 in excess of

$2,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Global</u><u> </u><u>Notes</u>. Notes issued in global form shall be substantially in the form of <u>Exhibit</u><u> </u><u>A</u> hereto in the case of the 2031 Notes and <u>Exhibit B</u> hereto in the case of the 2034 Notes (in each case, including the Global Note Legend thereon and the "Schedule of Exchanges of Interests in the Global Note" attached thereto). Notes issued in definitive form shall be substantially in the form of <u>Exhibit A</u> or <u>Exhibit B</u> hereto, as applicable (but, in each case, without the Global Note Legend thereon and without the "Schedule of Exchanges of Interests in the Global Note" attached thereto). Each Global Note shall represent such of the outstanding Notes of the applicable series as shall be specified in the "Schedule of Exchanges of Interests in the Global Note" attached thereto and each shall provide that it shall represent up to the aggregate principal amount of Notes of such series from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes of such series represented thereby may from time to time be reduced or increased, as applicable, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes of the applicable series represented thereby shall be made by the Registrar or the Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.06 hereof.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Temporary Global Notes</u>. Notes offered and sold in reliance on Regulation S shall be issued initially in the applicable form of the Regulation S Global Note, which shall be deposited on behalf of the purchasers of the Notes represented thereby with the Custodian and registered in the name of the Depositary, duly executed by the Issuers and authenticated by the Trustee as hereinafter provided.

The aggregate principal amount of a Regulation S Global Note may from time to time be increased or decreased by adjustments made on the records of the Registrar and the Depositary or its nominee, as the case may be, in connection with transfers of interest as hereinafter provided.

SECTION 2.02. <u>Execution</u><u> </u><u>and</u><u> </u><u>Authentication</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) One Officer shall sign the Notes for each Issuer by manual, facsimile or electronic signature.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If an Officer whose signature is on a Note no longer holds that office at the time a Note is authenticated, the Note shall nevertheless be valid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) A Note shall not be valid until authenticated by the manual signature of the Trustee. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Trustee shall, upon a written order of the Issuers signed by one Officer (an "***Authentication Order***"), authenticate the Notes for original issue. Such Authentication Order shall specify the Notes to be authenticated, the date on which the original issue of Notes is to be authenticated and identify whether the Notes are Initial Notes or Additional Notes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Trustee may appoint an authenticating agent (an "***Authenticating Agent***") acceptable to the Issuers to authenticate Notes. Unless otherwise provided in the appointment, an Authenticating Agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An Authenticating Agent has the same rights as an Agent to deal with Holders or an Affiliate of the Issuers or any of their respective Subsidiaries.

SECTION 2.03. <u>Registrar</u><u> </u><u>and</u><u> </u><u>Paying</u><u> </u><u>Agent</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Issuers shall maintain an office or agency where Notes may be presented for registration of transfer or for exchange ("***Registrar***") and an office or agency where Notes may be presented for payment ("***Paying Agent***"). The Registrar shall keep a register of the Notes ("***Note Register***") and of their transfer and exchange. The Issuers may appoint one or more co-registrars and one or more additional paying agents. The term "Registrar" includes any co-registrar and the term "Paying Agent" includes any additional paying agent. The Issuers may change any Paying Agent or Registrar without notice to any Holder. The Issuers shall notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Issuers fail to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Parent or any of its Subsidiaries (including an Issuer) may act as Paying Agent or Registrar.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Issuers initially appoint The Depository Trust Company ("***DTC***") to act as Depositary with respect to the Global Notes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Issuers initially appoint the Trustee to act as the Registrar and Paying Agent and to act as Custodian with respect to the Global Notes, and the Trustee hereby initially agrees so to act. The Registrar and Paying Agent have engaged, currently are engaged, and may in the future engage in financial or other transactions with the Issuers and the Guarantors and their and the Issuers' affiliates in the ordinary course of their respective businesses.

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SECTION 2.04. <u>Paying</u><u> </u><u>Agent</u><u> </u><u>to</u><u> </u><u>Hold</u> <u>Money</u><u> </u><u>in</u><u> </u><u>Trust</u>.

The Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium, if any, or interest on the Notes, and shall notify the Trustee of any default by the Issuers in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Issuers at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Issuers or a Subsidiary) shall have no further liability for the money. If an Issuer or a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.

SECTION 2.05. <u>Holder</u> <u>Lists</u>.

The Trustee shall preserve, or shall cause the Registrar to preserve, in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of all Holders. If the Paying Agent is not the same entity as the Registrar, the Issuers shall furnish or cause the Registrar to furnish, to the Paying Agent, at least seven Business Days before each Interest Payment Date and at such other times as the Paying Agent may request in writing, a list in such form and as of such date or such shorter time as the Registrar may allow, as the Paying Agent may reasonably require of the names and addresses of the Holders.

SECTION 2.06. <u>Transfer</u><u> </u><u>and</u> <u>Exchange</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Transfer and Exchange of Global Notes</u>. Except as otherwise set forth in this Section 2.06, a Global Note may be transferred, in whole and not in part, only to another nominee of the Depositary or to a successor thereto or a nominee of such successor thereto. A beneficial interest in a Global Note may not be exchanged for a Certificated Note of the same series unless (A) the Depositary (x) notifies the Issuers that it is unwilling or unable to continue as Depositary for such Global Note or (y) has ceased to be a clearing agency registered under the Exchange Act, and, in either case, a successor Depositary is not appointed by the Issuers within 120 days or (B) upon the request of a Holder if there shall have occurred and be continuing a Default or Event of Default with respect to the Notes. Upon the occurrence of any of the preceding events in (A) above, Certificated Notes delivered in exchange for any Global Note of the same series or beneficial interests therein will be registered in the names, and issued in any approved denominations, requested by or on behalf of the Depositary (in accordance with its customary procedures). Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and 2.10 hereof. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note of the same series or any portion thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Note, except for Certificated Notes issued subsequent to any of the preceding events in (A) or (B) above and pursuant to Section 2.06(c) hereof. A Global Note may not be exchanged for another Note other than as provided in this Section 2.06(a); *provided, however*, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.06(b) or 2.06(c) hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Transfer and Exchange of Beneficial Interests in the Global Notes</u>. The transfer and exchange of beneficial interests in the Global Notes shall be effected through the Depositary in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the Restricted Global Notes shall be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Notes also shall require compliance with either subparagraph (i) or (ii) below, as applicable, as well as one or more of the other following subparagraphs, as applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Transfer of Beneficial Interests in the Same Global Note</u>. Beneficial interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in the Private Placement Legend; *provided* that prior to the expiration of the applicable Restricted Period, transfers of beneficial interests in the Regulation S Global Note may not be made to a U.S. Person or for the account or benefit of a U.S. Person other than pursuant to Rule 144A; *provided* that such interest is then transferred to the Rule 144A Global Note. Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. No written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.06(b)(i).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>All</u><u> </u><u>Other</u><u> </u><u>Transfers</u> <u>and</u><u> </u><u>Exchanges</u><u> </u><u>of</u><u> </u><u>Beneficial</u><u> </u><u>Interests</u><u> </u><u>in</u><u> </u><u>Global</u><u> </u><u>Notes</u>. In connection with all transfers and exchanges of beneficial interests that are not subject to Section 2.06(b)(i) hereof, the transferor of such beneficial interest must deliver to the Registrar either (A) (1) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged and (2) instructions given in accordance with the Applicable Procedures containing information regarding the Participant or Indirect Participant account to be credited with such increase or (B) (1) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to cause to be issued a Certificated Note of the same series in an amount equal to the beneficial interest to be transferred or exchanged and (2) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such Certificated Note shall be registered to effect the transfer or exchange referred to in (1) above; *provided* that in no event shall Certificated Notes be issued upon the transfer or exchange of beneficial interests in a Regulation S Global Note prior to (A) the expiration of the applicable Restricted Period therefor and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B). Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Indenture and the Notes or otherwise applicable under the Securities Act, the Registrar shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 2.06(h) hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Transfer</u><u> </u><u>of</u><u> </u><u>Beneficial</u><u> </u><u>Interests</u><u> </u><u>to</u><u> </u><u>Another</u><u> </u><u>Restricted</u><u> </u><u>Global</u><u> </u><u>Note</u>. A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.06(b)(ii) hereof and the Registrar receives the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if the transferee will take delivery in the form of a beneficial interest in a 144A Global Note, then the transferor must deliver a certificate in the form of <u>Exhibit C</u> hereto, including the certifications in item (1) thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if the transferee will take delivery in the form of a beneficial interest in a Regulation S Global Note, then the transferor must deliver a certificate in the form of <u>Exhibit</u><u> </u><u>C</u> hereto, including the certifications in item (2) thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Transfer and Exchange of Beneficial Interests in a Restricted Global Note for Beneficial</u> <u>Interests in an Unrestricted Global Note</u>. A beneficial interest in any Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.06(b)(ii) hereof and the Registrar receives the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a beneficial interest in an Unrestricted Global Note of the same series, a certificate from such Holder substantially in the form of <u>Exhibit D</u> hereto, including the certifications in item (1)(a) thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note of the same series, a certificate from such holder in the form of <u>Exhibit C</u> hereto, including the certifications in item (4) thereof;

and, in each such case, if the Registrar or the Issuers so request or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the Registrar and the Issuers to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act.

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If any such transfer is effected pursuant to this Section 2.06(b)(iv) at a time when an Unrestricted Global Note has not yet been issued, the Issuers shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred pursuant to this Section 2.06(b)(iv).

Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to Persons who take delivery thereof in the form of, a beneficial interest in a Restricted Global Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Transfer</u><u> </u><u>or</u><u> </u><u>Exchange</u><u> </u><u>of</u> <u>Beneficial</u><u> </u><u>Interests</u><u> </u><u>for</u><u> </u><u>Certificated</u><u> </u><u>Notes</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Beneficial Interests in Restricted Global Notes to Restricted Certificated Notes</u>. If any holder of a beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Certificated Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Restricted Certificated Note, then, upon the occurrence of any of the events in subsection (A) or (B) of Section 2.06(a) hereof and receipt by the Registrar of the following documentation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Certificated Note, a certificate from such holder substantially in the form of <u>Exhibit D</u> hereto, including the certifications in item (2)(a) thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A, a certificate substantially in the form of <u>Exhibit C</u> hereto, including the certifications in item (1) thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if such beneficial interest is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate substantially in the form of <u>Exhibit C</u> hereto, including the certifications in item (2) thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the Securities Act in accordance with Rule 144, a certificate substantially in the form of <u>Exhibit C</u> hereto, including the certifications in item (3)(a) thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) if such beneficial interest is being transferred to the Parent or any of its Subsidiaries, a certificate substantially in the form of <u>Exhibit</u><u> </u><u>D</u> hereto, including the certifications in item (3)(b) thereof.

Upon satisfaction of the conditions of this Section 2.06(c)(i), the Registrar shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.06(h) hereof, and the Issuers shall execute, and upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate and mail to the Person designated in the instructions a Certificated Note in the applicable principal amount. Any Certificated Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c)(i) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. Any Certificated Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c)(i) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Beneficial</u> <u>Interests</u><u> </u><u>in</u><u> </u><u>Regulation S</u><u> </u><u>Global</u><u> </u><u>Note</u><u> </u><u>to</u><u> </u><u>Certificated</u><u> </u><u>Notes</u>. Notwithstanding Sections 2.06(c)(i)(1) and (3) hereof, a beneficial interest in the Regulation S Global Note may not be exchanged for a Certificated Note or transferred to a Person who takes delivery thereof in the form of a Certificated Note prior to

(A) the expiration of the applicable Restricted Period therefor and (B) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B), except in the case of a transfer pursuant to an exemption from the registration requirements of the Securities Act other than Rule 903 or Rule 904.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Beneficial Interests in Restricted Global Notes to Unrestricted Certificated Notes</u>. A holder of a beneficial interest in a Restricted Global Note may exchange such beneficial interest for an Unrestricted Certificated Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Certificated Note only upon the occurrence of any of the events in subsection (A) of Section 2.06(a) hereof and if the Registrar receives the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for an Unrestricted Certificated Note, a certificate from such holder substantially in the form of <u>Exhibit D</u> hereto, including the certifications in item (1)(b) thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a Person who shall take delivery thereof in the form of an Unrestricted Certificated Note, a certificate from such holder substantially in the form of <u>Exhibit</u><u> </u><u>C</u> hereto, including the certifications in item (4) thereof;

and, in each such case, if the Registrar or the Issuers so request or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the Registrar and the Issuers to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Beneficial Interests in Unrestricted Global Notes to Unrestricted Certificated Notes</u>. If any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Certificated Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Certificated Note, then, upon the occurrence of any of the events in subsection (A) of Section 2.06(a) hereof and satisfaction of the conditions set forth in Section 2.06(b)(ii) hereof, the Registrar shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.06(h) hereof, and the Issuers shall execute and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate and mail to the Person designated in the instructions a Certificated Note in the applicable principal amount. Any Certificated Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(iv) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from or through the Depositary and the Participant or Indirect Participant. Any Certificated Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(iv) shall not bear the Private Placement Legend.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Transfer</u><u> </u><u>and</u><u> </u><u>Exchange</u><u> </u><u>of</u><u> </u><u>Certificated</u><u> </u><u>Notes</u> <u>for</u><u> </u><u>Beneficial</u> <u>Interests</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Restricted Certificated Notes to Beneficial Interests in Restricted Global Notes</u>. If any Holder of a Restricted Certificated Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Certificated Note to a Person who takes delivery thereof in the form of a beneficial interest in a Restricted Global Note, then, upon receipt by the Registrar of the following documentation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if the Holder of such Restricted Certificated Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note, a certificate from such Holder substantially in the form of <u>Exhibit D</u> hereto, including the certifications in item (2)(b) thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if such Restricted Certificated Note is being transferred to a QIB in accordance with Rule 144A, a certificate substantially in the form of <u>Exhibit C</u> hereto, including the certifications in item (1) thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if such Restricted Certificated Note is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate substantially in the form of <u>Exhibit C</u> hereto, including the certifications in item (2) thereof;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) if such Restricted Certificated Note is being transferred pursuant to an exemption from the registration requirements of the Securities Act in accordance with Rule 144, a certificate substantially in the form of <u>Exhibit C</u> hereto, including the certifications in item (3)(a) thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) if such Restricted Certificated Note is being transferred to the Parent or any of its Subsidiaries, a certificate substantially in the form of <u>Exhibit C</u> hereto, including the certifications in item (3)(b) thereof.

Upon satisfaction of the conditions of this Section 2.06(d)(i) the Registrar shall cancel the Restricted Certificated Note and increase or cause to be increased the aggregate principal amount of, in the case of clause (1), (4), or (5) above, the applicable Restricted Global Note, in the case of clause (2) above, the applicable 144A Global Note, and in the case of clause (3) above, the applicable Regulation S Global Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Restricted Certificated Notes to Beneficial Interests in Unrestricted Global Notes</u>. A Holder of a Restricted Certificated Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Certificated Note to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note only if the Registrar receives the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if the Holder of such Certificated Notes proposes to exchange such Notes for a beneficial interest in the Unrestricted Global Note, a certificate from such Holder substantially in the form of <u>Exhibit D</u> hereto, including the certifications in item (1)(c) thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if the Holder of such Certificated Notes proposes to transfer such Notes to a Person who shall take delivery thereof in the form of a beneficial interest in the Unrestricted Global Note, a certificate from such Holder substantially in the form of <u>Exhibit C</u> hereto, including the certifications in item (4) thereof;

and, in each such case, if the Registrar or the Issuers so request or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the Registrar and the Issuers to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act.

Upon satisfaction of the conditions of this Section 2.06(d)(ii), the Registrar shall cancel the Restricted Certificated Note and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Unrestricted Certificated Notes to Beneficial Interests in Unrestricted Global Notes</u>. A Holder of an Unrestricted Certificated Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Certificated Notes to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Registrar shall cancel the applicable Unrestricted Certificated Note and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Notes.

If any such exchange or transfer from a Certificated Note to a beneficial interest is effected pursuant to subparagraph (ii) or (iii) above at a time when an Unrestricted Global Note has not yet been issued, the Issuers shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Certificated Notes so transferred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Transfer and Exchange of Certificated Notes for Certificated Notes</u>. Upon request by a Holder of Certificated Notes and such Holder's compliance with the provisions of this Section 2.06(e), the Registrar shall register the transfer or exchange of Certificated Notes. Prior to such registration of transfer or exchange, the requesting Holder shall present or surrender to the Registrar the Certificated Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in writing. In addition, the requesting Holder shall provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.06(e):

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Restricted Certificated Notes to Restricted Certificated Notes</u>. Any Restricted Certificated Note may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Certificated Note if the Registrar receives the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if the transfer will be made pursuant to a QIB in accordance with Rule 144A, then the transferor must deliver a certificate substantially in the form of <u>Exhibit C</u> hereto, including the certifications in item (1) thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if the transfer will be made pursuant to Rule 903 or Rule 904 then the transferor must deliver a certificate in the form of <u>Exhibit C</u> hereto, including the certifications in item (2) thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if the transfer will be made pursuant to any other exemption from the registration requirements of the Securities Act, then the transferor must deliver a certificate in the form of <u>Exhibit</u><u> </u><u>C</u> hereto, including the certifications required by item (3) thereof, if applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Restricted Certificated Notes to Unrestricted Certificated Notes</u>. Any Restricted Certificated Note may be exchanged by the Holder thereof for an Unrestricted Certificated Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Certificated Note if the Registrar receives the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if the Holder of such Restricted Certificated Notes proposes to exchange such Notes for an Unrestricted Certificated Note, a certificate from such Holder substantially in the form of <u>Exhibit D</u> hereto, including the certifications in item (1)(d) thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if the Holder of such Restricted Certificated Notes proposes to transfer such Notes to a Person who shall take delivery thereof in the form of an Unrestricted Certificated Note, a certificate from such Holder substantially in the form of <u>Exhibit C</u> hereto, including the certifications in item (4) thereof;

and, in each such case, if the Registrar or the Issuers so request, an Opinion of Counsel in form reasonably acceptable to the Registrar and the Issuers to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Unrestricted Certificated Notes to Unrestricted Certificated Notes</u>. A Holder of Unrestricted Certificated Notes may transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Certificated Note. Upon receipt of a request to register such a transfer, the Registrar shall register the Unrestricted Certificated Notes pursuant to the instructions from the Holder thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>[Reserved]</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Legends</u>. The following legends shall appear on the face of all Global Notes and Certificated Notes issued under this Indenture unless specifically stated otherwise in the applicable provisions of this Indenture:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Private</u><u> </u><u>Placement</u> <u>Legend</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Except as permitted by subparagraph (2) below, each Global Note and each Certificated Note (and all Notes issued in exchange therefor or substitution thereof) shall bear a legend in substantially the following form (the "***Private Placement Legend***"):

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"THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE "RESALE RESTRICTION TERMINATION DATE") THAT IS IN THE CASE OF RULE 144A NOTES: ONE YEAR (OR SUCH SHORTER PERIOD THEN REQUIRED UNDER RULE 144 OR ITS SUCCESSOR RULE) OR IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUERS OR ANY AFFILIATE OF THE ISSUERS WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO THE ISSUERS, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER'S AND THE TRUSTEE'S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Notwithstanding the foregoing, any Global Note or Certificated Note issued pursuant to subparagraph (b)(iv), (c)(iii), (c)(iv), (d)(ii), (d)(iii), (e)(ii) or (e)(iii) of this Section 2.06 (and all Notes issued in exchange therefor or substitution thereof) shall not bear the Private Placement Legend. In addition, the Issuers may remove the Private Placement Legend from any Note if they determine that such legend is no longer required to comply with the securities laws of the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Global</u><u> </u><u>Note</u><u> </u><u>Legend</u>. Each Global Note shall bear a legend in substantially the following form (with appropriate changes in the last sentence if DTC is not the Depositary) (the "***Global Note Legend***"):

"THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE REGISTRAR MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06(h) OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE REGISTRAR FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUERS. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT 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 OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A

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SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) ("DTC") TO THE ISSUERS OR THEIR AGENTS FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Regulation</u><u> </u><u>S</u> <u>Global</u><u> </u><u>Note</u><u> </u><u>Legend</u>. The Regulation S Global Note shall bear a legend in substantially the following form (the "***Regulation S Global Note Legend***"):

"THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Cancellation and/or Adjustment of Global Notes</u>. At such time as all beneficial interests in a particular Global Note have been exchanged for Certificated Notes or a particular Global Note has been redeemed, repurchased or cancelled in whole and not in part, each such Global Note shall be returned to or retained and cancelled by the Registrar in accordance with Section 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note or for Certificated Notes, the principal amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Registrar or by the Depositary at the direction of the Registrar to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Registrar or by the Depositary at the direction of the Registrar to reflect such increase.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Obligations</u><u> </u><u>with</u><u> </u><u>Respect</u><u> </u><u>to</u><u> </u><u>Transfers</u><u> </u><u>and</u> <u>Exchanges</u><u> </u><u>of</u><u> </u><u>Notes</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To permit registrations of transfers and exchanges, the Issuers shall execute and the Trustee shall authenticate Certificated Notes and Global Notes at the Registrar's request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) No service charge shall be made for any registration of transfer or exchange, but the Issuers may require payment of a sum sufficient to cover any transfer tax, assessments, or similar governmental charge payable in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Registrar shall not be required to register the transfer of or exchange of (a) any Note selected for redemption in whole or in part pursuant to Article 3, except the unredeemed portion of any Note being redeemed in part, or (b) any Note for a period beginning 15 days before the mailing of a notice of an offer to repurchase or redeem Notes or 15 days before an Interest Payment Date (whether or not an Interest Payment Date or other date determined for the payment of interest), and ending on such mailing date or Interest Payment Date, as the case may be.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Prior to the due presentation for registration of transfer of any Note, the Issuers, the Trustee, the Paying Agent or the Registrar may deem and treat the person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Note and for all other purposes whatsoever, whether or not such Note is overdue, and none of the Issuers, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) All Notes issued upon any transfer or exchange pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled to the same benefits under this Indenture as the Notes surrendered upon such transfer or exchange.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>No</u> <u>Obligation</u><u> </u><u>of</u><u> </u><u>the</u><u> </u><u>Trustee,</u><u> </u><u>Registrar</u><u> </u><u>and</u><u> </u><u>Paying</u><u> </u><u>Agent</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Trustee, Registrar and Paying Agent shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in the Depositary or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption) or the payment of any amount, under or with respect to such Notes. All notices and communications to be given to the Holders and all payments to be made to Holders under the Notes 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 Note). The rights of beneficial owners in any Global Note in global form shall be exercised only through the Depositary subject to the applicable rules and procedures of the Depositary. The Trustee, Registrar and Paying Agent may rely and shall be fully protected in relying upon information furnished by the Depositary with respect to its members, participants and any beneficial owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Trustee, Registrar and Paying Agent shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including without limitation any transfers between or among Depositary participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

SECTION 2.07. <u>Replacement</u> <u>Notes</u>.

If any mutilated Note is surrendered to the Registrar or the Issuers and the Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Note, the Issuers shall issue and the Trustee, upon receipt of an Authentication Order, shall authenticate a replacement Note if the Registrar's requirements are met. If required by the Registrar or the Issuers, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Registrar and the Issuers to protect the Issuers, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Issuers may charge for their expenses in replacing a Note.

In case any such mutilated, destroyed, lost or stolen Note had become or is about to become due and payable, the Issuers, in their discretion, may, instead of issuing a new Note, pay such Note, upon satisfaction of the conditions set forth in the preceding paragraph.

Every replacement Note is an additional obligation of the Issuers and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder.

The provisions of this Section 2.07 are exclusive and shall preclude (to the extent lawful) all other rights and remedies of any Holder with respect to the replacement or payment of mutilated, destroyed, lost or stolen Note.

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SECTION 2.08. <u>Outstanding</u><u> </u><u>Notes</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Registrar in accordance with the provisions hereof, and those described in this Section 2.08 as not outstanding. A Note does not cease to be outstanding because an Issuer or an Affiliate of an Issuer holds the Note; however, Notes held by the Parent or a Subsidiary shall not be deemed to be outstanding for purposes of Section 2.09 hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Registrar receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If the principal amount of any Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If the Paying Agent (other than the Parent or a Subsidiary thereof) segregates and holds in trust, in accordance with this Indenture, on a date of redemption (a "***Redemption Date***") or maturity date, money sufficient to pay all principal, premium, if any, and interest payable on that date with respect to the Notes payable on that date, then on and after that date such Notes shall be deemed to be no longer outstanding and shall cease to accrue interest.

SECTION 2.09. <u>Treasury</u><u> </u><u>Notes</u>.

In determining whether the Holders of the required principal amount of Notes have concurred in any direction, amendment, supplement, waiver or consent, Notes owned by the Parent or a Subsidiary of the Parent, shall be considered as though not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, amendment, supplement, waiver or consent, only Notes that the Trustee knows are so owned shall be so disregarded.

SECTION 2.10. <u>Temporary</u> <u>Notes</u>.

Until certificates representing Notes are ready for delivery, the Issuers may prepare and the Trustee, upon receipt of an Authentication Order, shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of Certificated Notes but may have variations that the Issuers consider appropriate for temporary Notes and as shall be reasonably acceptable to the Trustee. Without unreasonable delay, the Issuers shall prepare and the Trustee shall authenticate Certificated Notes in exchange for temporary Notes.

Holders of temporary Notes shall be entitled to all of the benefits of this Indenture.

SECTION 2.11. <u>Cancellation</u>.

The Issuers at any time may deliver Notes to the Registrar for cancellation. The Trustee and Paying Agent shall forward to the Registrar any Notes surrendered to them for registration of transfer, exchange or payment. The Registrar, upon direction by the Issuers and no one else shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall dispose of such cancelled Notes in accordance with its customary procedures (subject to the record retention requirements of the Exchange Act). Certification of the destruction of all cancelled Notes shall be delivered to the Issuers from time to time upon written request. The Issuers may not issue new Notes to replace Notes that they have paid or that have been delivered to the Registrar for cancellation.

SECTION 2.12. <u>Defaulted</u><u> </u><u>Interest.</u>

If the Issuers default in a payment of interest on the Notes, the Issuers shall pay the defaulted interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted interest, in each case at the rate provided in the Notes and in Section 4.01 hereof. The Issuers may pay the defaulted interest to the Persons who are Holders on a subsequent special record date. The Issuers shall notify the Trustee and Paying Agent in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment, and at the same time

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the Issuers shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such defaulted interest or shall make arrangements satisfactory to the Trustee and Paying Agent for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such defaulted interest as provided in this Section 2.12. The Trustee shall fix or cause to be fixed any such special record date and payment date; *provided* that no such special record date shall be less than 10 days prior to the related payment date for such defaulted interest. The Trustee shall promptly notify the Issuers of any such special record date. At least 15 days before any such special record date, the Issuers (or, upon the written request of the Issuers, the Trustee in the name and at the expense of the Issuers) shall mail or cause to be mailed, first-class postage prepaid, to each Holder, with a copy to the Trustee, a notice at his or her address as it appears in the Note Register that states the special record date, the related payment date and the amount of such interest to be paid.

Subject to the foregoing provisions of this Section 2.12 and for greater certainty, each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note.

SECTION 2.13. <u>CUSIP</u><u> </u><u>or ISIN</u><u> </u><u>Numbers</u>.

The Issuers in issuing the Notes may use "CUSIP" or "ISIN" numbers (if then generally in use), and, if so, the Trustee and Registrar, as applicable, shall use "CUSIP" or "ISIN" numbers in notices of redemption as a convenience to Holders; *provided*, *however*, that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Issuers will promptly notify the Trustee and Registrar of any change in the "CUSIP" or "ISIN" numbers.

SECTION 2.14. <u>Additional</u> <u>Notes</u>.

The Issuers shall be entitled to issue Additional Notes of either series under this Indenture in an unlimited aggregate principal amount, each of which shall have identical terms as the Initial Notes of such series, other than with respect to the date of issuance and issue price and first payment of interest (and, if such Additional Notes shall be issued in the form of Restricted Global Notes or Restricted Certificated Notes, other than with respect to transfer restrictions with respect thereto). The Initial Notes of each series and any Additional Notes of such series shall be treated as a single class, in each case for all purposes under this Indenture, including without limitation, waivers, amendments, redemptions and offers to purchase.

In addition to the documents required by Section 2.02, with respect to any Additional Notes, each Issuer shall set forth in a resolution of its Board of Directors and an Officer's Certificate, a copy of each which shall be delivered to the Trustee, the following information:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the issue price, the issue date and the CUSIP number(s) of such Additional Notes; *provided*, *however*, that if such Additional Notes are not fungible with the other Notes of the same series for U.S. federal income tax purposes, such Additional Notes shall not have the same "CUSIP" number or other applicable identification number as the other Notes; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the date from which interest shall accrue and the first date on which interest shall be paid.

SECTION 2.15. <u>Persons</u><u> </u><u>Deemed</u> <u>Owners</u>.

The Issuers, the Guarantors, the Trustee, the Paying Agent and any agent of any of them may treat the Person in whose name any Note is registered as the owner of such Note for the purpose of receiving payment of principal of (and premium, if any), and interest on, such Note and for all other purposes whatsoever, whether or not such Note be overdue, and none of the Issuers, any Guarantor, the Trustee, the Paying Agent nor any agent of any of them shall be affected by notice to the contrary.

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SECTION 2.16. <u>Book-Entry</u><u> </u><u>Provisions</u><u> </u><u>for</u> <u>Global</u> <u>Notes</u>.

Members of, or Participants in, the Depositary shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Depositary, or its custodian, or under such Global Notes. The Depositary may be treated by the Issuers, any other obligor upon the Notes, the Trustee and any agent of any of them as the absolute owner of the Global Notes for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuers, any other obligor upon the Notes, the Trustee or any agent of any of them from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Participants, the operation of customary practices governing the exercise of the rights of a beneficial owner of any Note. The Holder of a Global Note of a series may grant proxies and otherwise authorize any Person, including Participants and Persons that may hold interests through Participants, to take any action that a Holder is entitled to take under this Indenture or the Notes of such series.

ARTICLE 3

REDEMPTION AND PREPAYMENT

SECTION 3.01. <u>Notices</u><u> </u><u>to</u><u> </u><u>Trustee</u>.

If the Issuers elect to redeem any series of Notes pursuant to the optional redemption provisions of Section 3.07 or 3.07(a)(a) hereof and paragraph 5 of such series of Notes, they shall furnish to the Trustee and the applicable Agent an Officer's Certificate setting forth (i) the Redemption Date, (ii) the principal amount of the Notes to be redeemed, and (iii) the redemption price. The Issuers shall furnish such Officer's Certificate to the Trustee and the applicable Agent at least 10 days but not more than 60 days before a Redemption Date. Any such notice may be cancelled at any time prior to notice of such redemption being mailed to any Holder and shall, therefore, be void and of no effect.

SECTION 3.02. <u>Selection</u> <u>of</u><u> </u><u>Notes to</u><u> </u><u>Be</u> <u>Redeemed</u>.

If less than all of the Notes of a series are to be redeemed or purchased at any time, the Registrar and Paying Agent shall select the Notes of such series to be redeemed or purchased, (i) if the Notes of such series are listed, in compliance with the requirements of the principal national securities exchange on which the applicable Notes of such series are listed, or (ii) if the Notes of such series are not so listed, on a pro rata basis, by lot or by such method as the Registrar and Paying Agent in its sole discretion shall deem to be fair and appropriate. In the event of partial redemption, the particular Notes to be redeemed shall be selected, unless otherwise provided herein, not less than 10 nor more than 60 days prior to the Redemption Date by the Registrar and Paying Agent from the outstanding Notes not previously called for redemption.

The Paying Agent and Registrar shall promptly notify the Issuers in writing of the Notes of a series selected for redemption and, in the case of any Note of such series selected for partial redemption, the principal amount thereof to be redeemed. Notes and portions of Notes of a series selected shall be in minimum amounts of $2,000 or whole multiples of $1,000 in excess thereof; except that if all of the Notes of such series held by a Holder are to be redeemed, the entire outstanding amount of Notes of such series held by such Holder, even if not a multiple of $1,000, shall be redeemed. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption.

SECTION 3.03. <u>Notice</u><u> </u><u>of</u> <u>Redemption</u>.

At least 10 days but not more than 60 days before a Redemption Date, the Issuers shall mail or cause to be mailed, by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address, with a copy to the Trustee.

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The notice shall identify the Notes of a series to be redeemed (including the CUSIP or ISIN number) and shall state:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Redemption Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the redemption price;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any condition to such redemption;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if any Note of such series is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the Redemption Date upon surrender of such Note, a new Note or Notes of such series in principal amount equal to the unredeemed portion shall be issued upon cancellation of the original Note;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the name and address of the Paying Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) that Notes of such series called for redemption must be surrendered to the Paying Agent to collect the redemption price;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) that, unless the Issuers default in making such redemption payment and subject to satisfaction of any conditions specified therein, interest on Notes of such series called for redemption ceases to accrue on and after the Redemption Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) the paragraph of the Notes of such series and Section of this Indenture pursuant to which the Notes of such series called for redemption are being redeemed; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on the Notes of such series.

At the Issuers' request, the Trustee shall give the notice of redemption in the Issuers' name and at their expense; *provided*, *however*, that the Issuers give the Trustee at least 3 Business Days (or such shorter period as may be acceptable to the Trustee) prior notice of such request.

SECTION 3.04. <u>Effect</u><u> </u><u>of</u><u> </u><u>Notice</u><u> </u><u>Upon</u> <u>Redemption</u>.

Once a notice of redemption is mailed in accordance with Section 3.03 hereof with respect to a series of Notes, Notes of the applicable series called for redemption become irrevocably due and payable on the Redemption Date at the redemption price stated in the notice except that any redemption and notice thereof may, in the Issuers' discretion, be subject to the satisfaction of one or more conditions precedent. Subject to the foregoing, upon surrender to the Paying Agent, such Notes shall be paid at the redemption price stated in the notice, plus accrued interest to the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the related Interest Payment Date). Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the notice to any other Holder.

SECTION 3.05. <u>Deposit</u><u> </u><u>of</u><u> </u><u>Redemption</u><u> </u><u>Price</u>.

On or before 11:00 a.m. Eastern Time on any Redemption Date, the Issuers shall deposit with the Paying Agent money sufficient to pay the redemption price of and accrued and unpaid interest on all Notes (or portions of Notes) to be redeemed on that date. Upon written instructions of the Issuers, the Paying Agent shall promptly return to the Issuers any money deposited with the Paying Agent by the Issuers in excess of the amounts necessary to pay the redemption price of, and accrued interest on, all Notes to be redeemed.

If the Issuers comply with the provisions of the preceding paragraph, on and after the Redemption Date, interest shall cease to accrue on the Notes or the portions of Notes called for redemption, whether or not such Notes are presented for payment. If a Note is redeemed on or after a Regular Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Person in whose name such Note

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was registered at the close of business on such Regular Record Date. If any Note called for redemption shall not be so paid upon surrender for redemption because of the failure of the Issuers to comply with the preceding paragraph, interest shall be paid on the unpaid principal from the Redemption Date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01 hereof.

SECTION 3.06. <u>Notes</u><u> </u><u>Redeemed</u><u> </u><u>in</u><u> </u><u>Part</u>.

Upon surrender of a Note of a series that is redeemed in part, the Issuers shall issue and, upon the Issuers' written request, the Trustee shall authenticate for the Holder at the expense of the Issuers a new Note of such series equal in principal amount to the unredeemed portion of the Note of such series surrendered.

SECTION 3.07. <u>Optional</u><u> </u><u>Redemption</u> .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) At any time prior to April 15, 2028, the Issuers may, on one or more occasions, redeem up to 40% of the aggregate principal amount of 2031 Notes (including any Additional Notes in respect of such 2031 Notes) at a redemption price of 106.125% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the redemption date (subject to the right of Holders on the relevant Regular Record Date to receive interest due on the corresponding Interest Payment Date), with the net cash proceeds of one or more Equity Offerings; *provided* that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) at least 60% of the aggregate principal amount of 2031 Notes (including any Additional Notes in respect of such 2031 Notes) remains outstanding immediately after the occurrence of such redemption (excluding any 2031 Notes held by the Parent or any of its Subsidiaries); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the redemption occurs within 180 days of the date of the closing of such Equity Offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At any time prior to April 15, 2028, the Issuers may at their option redeem the 2031 Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the 2031 Notes (including any Additional Notes in respect of such 2031 Notes) being redeemed plus the Applicable Premium as of, and accrued and unpaid interest to, the redemption date (subject to the right of Holders on the relevant Regular Record Date to receive interest due on the corresponding Interest Payment Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) On or after April 15, 2028, the Issuers may at their option redeem the 2031 Notes, in whole or in part, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest to the redemption date (subject to the right of Holders on the relevant Regular Record Date to receive interest due on the corresponding Interest Payment Date), if redeemed during the twelve-month period beginning on April 15 of the years indicated below:

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| | |
|:---|:---|
| **Year** | **Redemption Price** |
| 2028 | 103.063% |
| 2029 | 101.531% |
|  2030 and thereafter | 100.000% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) At any time prior to April 15, 2029, the Issuers may, on one or more occasions, redeem up to 40% of the aggregate principal amount of 2034 Notes (including any Additional Notes in respect of such 2034 Notes) at a redemption price of 106.375% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the redemption date (subject to the right of Holders on the relevant Regular Record Date to receive interest due on the corresponding Interest Payment Date), with the net cash proceeds of one or more Equity Offerings; *provided* that:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) at least 60% of the aggregate principal amount of 2034 Notes (including any Additional Notes in respect of such 2034 Notes) remains outstanding immediately after the occurrence of such redemption (excluding any 2034 Notes held by the Parent or any of its Subsidiaries); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the redemption occurs within 180 days of the date of the closing of such Equity Offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) At any time prior to April 15, 2029, the Issuers may at their option redeem the 2034 Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the 2034 Notes (including any Additional Notes in respect of such 2034 Notes) being redeemed plus the Applicable Premium as of, and accrued and unpaid interest to, the redemption date (subject to the right of Holders on the relevant Regular Record Date to receive interest due on the corresponding Interest Payment Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) On or after April 15, 2029, the Issuers may at their option redeem the 2034 Notes, in whole or in part, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and un-paid interest to the redemption date (subject to the right of Holders on the relevant Regular Record Date to receive interest due on the corresponding Interest Payment Date), if redeemed during the twelve-month period beginning on April 15 of the years indicated below:

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| | |
|:---|:---|
| **Year** | **Redemption Price** |
| 2029 | 103.188% |
| 2030 | 101.594% |
|  2031 and thereafter | 100.000% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) In the event that Holders of not less than 90% of the principal amount of the outstanding Notes of a series validly tender and do not withdraw such Notes in a Change of Control Offer and the Issuers, or any third party making a Change of Control Offer in lieu of the Issuers pursuant to this Section 4.11, purchase all of the Notes validly tendered and not withdrawn by such Holders, the Issuers will have the right, on not less than 10 nor more than 60 days' prior notice, given not more than 30 days following the purchase pursuant to the Change of Control Offer, to redeem all of the Notes of such series that remain outstanding following such purchase at the purchase price specified in the Change of Control Offer plus, to the extent not included in the purchase price specified in the Change of Control Offer, accrued and unpaid interest thereon, to, but excluding, the date of redemption (subject to the right of Holders of record on the relevant Regular Record Date to receive interest on the relevant Interest Payment Date falling on or prior to the redemption date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06 hereof.

SECTION 3.08. <u>Tax</u> <u>Redemption</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Issuers may redeem each series of Notes as a whole but not in part, at their option at any time prior to maturity, upon the giving of a notice of redemption to the Holders, if they determine that, as a result of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) any change in or amendment to the laws, or any regulations or rulings promulgated under the laws, of a Relevant Jurisdiction affecting taxation, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any change in or amendment to an official position regarding the application or interpretation of the laws, regulations or rulings referred to above,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) which change or amendment is announced and becomes effective after the Issue Date (or, if the Relevant Jurisdiction becomes a Relevant Jurisdiction on a date after the Issue Date, after such later date) (each of the foregoing, a "***Change in Tax Law***"), any Issuer or any Guarantor is or will become obligated to pay Additional Amounts with respect to such series of Notes or the related Note Guarantees on the next succeeding interest payment date, pursuant to Section 4.05 (but in the case of a Guarantor, only if the payments giving rise to such obligation cannot be made by the Issuers or another Guarantor without the obligation to pay Additional Amounts) and the payment of such Additional Amounts cannot be avoided by the use of reasonable measures available to such Issuer or Guarantor. The redemption price will be equal to 100% of the principal amount of the Notes of the applicable series plus accrued and unpaid interest to but excluding the date fixed for redemption (a "***Tax Redemption Date***"), and all Additional Amounts (if any) then due or which will become due on the Tax Redemption Date as a result of the redemption or otherwise (subject to the right of Holders of the Notes of such series on any record date occurring prior to the Tax Redemption Date to receive interest due on the relevant interest payment date and Additional Amounts (if any) in respect thereof). The date and the applicable redemption price will be specified in the notice of tax redemption. Notice of such redemption will be irrevocable, and must be mailed by first-class mail to each Holder's registered address, or delivered electronically if held by any depositary in accordance with such depositary's customary procedures, not less than 10 nor more than 60 days prior to the earliest date on which such Issuer or Guarantor would be obligated to pay such Additional Amounts if a payment in respect of the Notes of the applicable series were actually due on such date. No such notice of redemption will be given unless, at the time such notification of redemption is given, such obligation to pay such Additional Amounts remains in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Prior to giving the notice of tax redemption, the Issuers will deliver to the Trustee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) a certificate signed by a duly authorized officer stating that the Issuers are entitled to effect the redemption and setting forth a statement of facts showing that the conditions precedent to the right of the Issuers to so redeem have occurred; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an opinion of independent tax counsel of recognized standing qualified under the laws of the Relevant Jurisdiction, selected by the Issuers, to the effect that an Issuer or a Guarantor is or would be obligated to pay Additional Amounts as a result of a Change in Tax Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The foregoing provisions shall apply *mutatis mutandis* to any successor to the Issuers.

SECTION 3.09. <u>Special</u><u> </u><u>Mandatory</u><u> </u><u>Redemption</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If a Special Mandatory Redemption Event occurs, then the Issuers will redeem the aggregate principal amount of the Notes of each series outstanding on the Special Mandatory Redemption Date at the applicable Special Mandatory Redemption Price (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Issuers will cause a notice of Special Mandatory Redemption to be mailed to the Trustee and mailed, or delivered electronically if held by any Depositary, to the Holders at their registered addresses no later than the Business Day following the Special Mandatory Redemption Event, which shall provide for the redemption of the Notes on the Special Mandatory Redemption Date following the date of the applicable Special Mandatory Redemption Event. Upon the deposit of funds sufficient to pay the Special Mandatory Redemption Price with respect to a series of Notes to be redeemed on the Special Mandatory Redemption Date with the Trustee on or before such Special Mandatory Redemption Date, such series of Notes will cease to bear interest and all rights of Holders in respect of such series of Notes shall terminate (except the obligations of the Issuers and/or the Guarantors described under Section 4.05). After payment of the Special Mandatory Redemption Price with respect to each series of Notes to the Holders and any fees and expenses of the Trustee and Escrow Agent, any excess Escrow Property will be returned to the Issuers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any redemption pursuant to this Section 3.09 shall follow procedures set forth in Article 3 to the extent not inconsistent herewith.

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SECTION 3.10. <u>Mandatory</u> <u>Redemption</u>.

Except as set forth in Sections 3.09 and 4.11 hereof, the Issuers shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes.

ARTICLE 4

COVENANTS

SECTION 4.01. <u>Payment</u><u> </u><u>of</u><u> </u><u>Notes</u>.

The Issuers shall pay or cause to be paid the principal of, premium, if any, and interest on, the Notes on the dates and in the manner provided in the Notes. Principal, premium, if any, and interest shall be considered paid on the date due if the Paying Agent, if other than an Issuer or a Subsidiary thereof, holds as of 11:00 a.m. Eastern Time on the due date money deposited by the Issuers in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due and the Paying Agent is not prohibited from paying such money to the Holders on that date. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

SECTION 4.02. <u>Maintenance</u><u> </u><u>of Office</u><u> </u><u>or</u><u> </u><u>Agency</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Issuers shall maintain an office or agency (which may be an office or drop facility of the Trustee or an affiliate of the Trustee or Registrar) where Notes may be presented or surrendered for registration of transfer or for exchange and where notices and demands to or upon the Issuers in respect of the Notes and this Indenture may be served. The Issuers shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Issuers shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Issuers hereby appoint the Trustee as their agent to receive all such presentations, surrenders, notices and demands; *provided* that no office of the Trustee shall be an office or agency of the Issuers for purposes of service of legal process on the Issuers or any Guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Issuers may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Issuers shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Issuers hereby designate the address of the Trustee set forth in Section 11.02 as one such office, drop facility or agency of the Issuers in accordance with Section 4.02(a).

SECTION 4.03. <u>Reports</u>.

From and after the consummation of the Spin-Off, whether or not required by the rules and regulations of the SEC, so long as any Notes are outstanding, the Issuers will provide the Trustee and Holders and prospective Holders within the time periods specified in the SEC's rules and regulations for non-accelerated filers, copies of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) annual reports on Form 10-K, or any successor or comparable form, of the Parent containing the information required to be contained therein, or required in such successor or comparable form;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) quarterly reports on Form 10-Q of the Parent, containing the information required to be contained therein, or any successor or comparable form; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) from time to time after the occurrence of an event required to be therein reported, such other reports on Form 8-K, or any successor or comparable form, of the Parent.

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Notwithstanding whether the Parent is subject to the periodic reporting requirements of the Exchange Act, the Parent will nevertheless continue filing the reports specified above unless the SEC will not accept such a filing. None of the Parent or the Issuers will take any action for the purpose of causing the SEC not to accept any such filings. Notwithstanding the foregoing, to the extent the Parent files the information and reports referred to in the preceding paragraph with the SEC and such information is publicly available on the Internet, the Issuers shall be deemed to be in compliance with their obligations to furnish such information to the Holders of the Notes. If, notwithstanding the foregoing, the SEC will not accept the Parent's filings for any reason, the Issuers will post the reports referred to in the preceding paragraph on the Parent's website within the time periods that would apply if the Parent were required to file those reports with the SEC.

In addition, the Issuers shall furnish to the Holders of the Notes and to prospective investors, upon the request of such Holders, any information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act so long as the Notes are not freely transferable under the Securities Act by Persons who are not "affiliates" under the Securities Act.

In the event that any direct or indirect parent company of the Parent (of which the Parent is a Subsidiary) files reports with the SEC, the Issuers may satisfy their obligations under this Section 4.03 by furnishing information (or filing it with the SEC) relating to such direct or indirect parent company; *provided* that if such direct or indirect parent company has more than de minimis operations separate and apart from its ownership of the Parent, then such information related to such direct or indirect parent company shall be accompanied by consolidating information that explains in reasonable detail the differences between the information of such direct or indirect parent company, on the one hand, and the information relating to the Parent and its Subsidiaries on a stand-alone basis, on the other hand.

The Trustee shall have no duty to review or analyze reports delivered to it. Delivery of reports, information and documents to the Trustee is for informational purposes only and its receipt of such reports shall not constitute actual or constructive notice or knowledge of any information contained therein or determinable from information contained therein, including the Issuers' compliance with any of their covenants under this Indenture or the Notes (as to which the Trustee is entitled to rely exclusively on Officer's Certificates). The Trustee shall not be obligated to monitor or confirm, on a continuing basis or otherwise, the Issuers' compliance with their covenants under this Indenture or the Notes or with respect to any reports or other documents filed with any regulatory authority or posted on any website, or participate in any conference calls.

SECTION 4.04. <u>Compliance</u><u> </u><u>Certificate</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Issuers shall deliver to the Trustee, within 120 days after the end of each fiscal year, beginning with the year ended December 31, 2026, an Officer's Certificate stating that a review of the activities of the Parent and its Subsidiaries (including the Issuers) during the preceding fiscal year has been made under the supervision of the signing Officer with a view to determining whether the Issuers and the Guarantors have kept, observed, performed and fulfilled their obligations under this Indenture, and further stating, as to the Officer signing such certificate, that to the best of his or her knowledge the Issuers and the Guarantors have kept, observed, performed and fulfilled each and every covenant contained in this Indenture and are not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Issuers are taking or propose to take with respect thereto) and that to the best of his or her knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of or interest, if any, on the Notes is prohibited or if such event has occurred, a description of the event and what action the Issuers are taking or propose to take with respect thereto. For the purposes of this Section 4.04(a), such compliance shall be determined without regard to any grace period or requirement of notice provided under this Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Issuers shall, so long as any of the Notes are outstanding, deliver to the Trustee, forthwith and in any event within 30 days upon any Officer becoming aware of any Default or Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default, an Officer's Certificate specifying such Default or Event of Default and what action the Issuers are taking or propose to take with respect thereto.

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SECTION 4.05. <u>Payment</u><u> </u><u>of</u><u> </u><u>Additional</u> <u>Amounts</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Payments made by the Issuers, a Guarantor or a paying agent, as applicable, on a series of Notes or in respect of a related Note Guarantee will be made free and clear of, and without withholding or deduction for or on account of, any present or future income, stamp or other tax, duty, levy, impost, assessment or other governmental charge of any nature whatsoever ("***Taxes***"), unless an Issuer, a Guarantor or a paying agent is required to withhold or deduct Taxes by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If any withholding or deduction for or on account of Taxes imposed or levied by or on behalf of Luxembourg, Jersey, any other jurisdiction (other than the United States or any state thereof or the District of Columbia, or any political subdivision of any such state or the District of Columbia, or taxing authority or agency thereof or therein) in which an Issuer or any Guarantor is incorporated, organized, engaged in business or otherwise resident for tax purposes, or any other jurisdiction (other than the United States or any state thereof or the District of Columbia, or any political subdivision of any such state or the District of Columbia, or taxing authority or agency thereof or therein) from or through which such payment is made, or in each case any political subdivision or taxing authority or agency thereof or therein (each, a "***Relevant Jurisdiction***") is at any time required by law to be made from any payment made with respect to a series of Notes or a related Note Guarantee, the Issuers or the applicable Guarantor, as applicable, will pay such additional amounts ("***Additional Amounts***") on such series of Notes or in respect of the applicable Note Guarantee as may be necessary so that the net amount received by each Holder of such series of Notes (including Additional Amounts) after such withholding or deduction will not be less than the amount the Holder would have received if such Taxes had not been withheld or deducted; *provided* that no Additional Amounts will be payable with respect to Taxes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) that would not have been imposed but for the Holder or the beneficial owner of such Note (or a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over, such Holder or beneficial owner, if such Holder or beneficial owner is an estate, trust, partnership or corporation) being considered as having a present or former connection with a Relevant Jurisdiction (other than a connection arising solely as a result of the acquisition, ownership or disposition of such series of Notes, the receipt of any payment under or with respect to such series of Notes or any Note Guarantee, or the exercise or enforcement of any rights under or with respect to such series of Notes, this Indenture or any Note Guarantee), including, without limitation, such Holder or beneficial owner (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or treated as a resident thereof or domiciled therein or a national thereof or being or having been engaged in a trade or business therein or having or having had a permanent establishment therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) that would not have been imposed but for the failure of the Holder or any other person to comply with certification, identification or information reporting requirements concerning the nationality, residence, identity or connection with the Relevant Jurisdiction of the Holder or beneficial owner, if such compliance is required by statute, by regulation of the Relevant Jurisdiction by an applicable income tax treaty to which the Relevant Jurisdiction is a party as a precondition to exemption from such Tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) payable other than by withholding from payments of principal of or interest on such series of Notes or from payments in respect of a Note Guarantee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) that would not have been imposed but for a change in law, regulation or administrative or judicial interpretation that becomes effective more than 15 days after the payment becomes due or is duly provided for, whichever occurs later;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) that are estate, inheritance, gift, sales, excise, transfer, wealth, capital gains or personal property or similar Taxes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) required to be withheld by any paying agent from any payment of principal of or interest on any Note, if such payment can be made without such withholding by at least one other paying agent;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) that would not have been imposed but for the presentation by the Holder of any Note, where presentation is required, for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof was duly provided for, whichever occurred later (except to the extent that the Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30-day period);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) that are imposed under Sections 1471 through 1474 of the Code as of the Issue Date (or any amended or successor provision that is substantively comparable), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code as of the Issue Date (or any amended or successor provision that is substantively comparable) or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) in the case of any combination of clauses (1), (2), (3), (4), (5), (6), (7) and (8) of this Section 4.05(b);

nor shall Additional Amounts be paid with respect to any payment of the principal of or interest, if any, on any Note or any payment in respect of a Note Guarantee to any such Holder who is a fiduciary or a partnership or a beneficial owner that is not the sole beneficial owner of such payment to the extent a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner would not have been entitled to such Additional Amounts had it been the Holder of the Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Issuers, a Guarantor or the paying agent, as applicable, will (i) make any required withholding or deduction, and (ii) remit the full amount deducted or withheld by it to the Relevant Jurisdiction in accordance with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All references in this Indenture, other than under Sections 8.02, 8.03 and 8.06 of this Indenture, to the payment of the principal or interest, if any, on or the net proceeds received on the sale or exchange of, any series of Notes or any payment made under a Note Guarantee shall be deemed to include Additional Amounts to the extent that, in that context, Additional Amounts are, were or would be payable in respect of such series of Notes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) In addition, the Issuers shall pay any present or future stamp, issue, registration, court, documentary, excise, property, or similar Taxes (i) imposed by any Relevant Jurisdiction in respect of the execution, issuance, delivery, or registration of the Notes, any Note Guarantee, this Indenture, or any other document or instrument referred to therein, or the receipt of any payments with respect to the Notes, or (ii) imposed by any jurisdiction in respect of the enforcement of the Notes, any Note Guarantee, this Indenture, or any other document or instrument referred to therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Issuers' and a Guarantor's obligations to pay Additional Amounts if and when due will survive the termination of this Indenture and the payment of all other amounts in respect of the Notes and shall apply mutatis mutandis to any successor of an Issuer or any Guarantor, and to any jurisdiction (other than the United States or any state thereof or the District of Columbia, or any political subdivision of any such state or the District of Columbia, or taxing authority or agency thereof or therein) in which such successor is incorporated, organized, engaged in business or otherwise resident for tax purposes, and any political subdivision or governmental authority thereof or therein.

SECTION 4.06. <u>Activities</u><u> </u><u>Prior</u><u> </u><u>to</u><u> </u><u>Release</u><u> </u><u>Date</u>.

Prior to the Release Date, the Parent's and the Parent's Subsidiaries' (including the Issuers') primary activities will be restricted to (a) issuing the Notes and the Guarantees, as applicable, (b) issuing Capital Stock to, and receiving capital contributions from (and assuming certain liabilities of), Aptiv and its Subsidiaries, (c) performing their obligations, as applicable, under the Notes, the Note Guarantees, this Indenture and the Escrow Agreement, (d) consummating the Spin-Off or redeeming the Notes pursuant to Section 3.09, as applicable, (e) borrowing loans and performing their obligations, if any, under the Credit Agreement, (f) conducting such other activities as are necessary or appropriate to maintain their existence and carry out the activities described in clauses (a) through (e) and (g) such other activities as are necessary or appropriate to facilitate the Spin-Off (including conducting the operations, business and activities of the EDS Business).

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SECTION 4.07. <u>Incurrence</u><u> </u><u>of</u> <u>Non-Guarantor</u><u> </u><u>Indebtedness</u><u> </u><u>and</u><u> </u><u>Issuance</u><u> </u><u>of</u><u> </u><u>Non-Guarantor Preferred Stock</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) From and after the consummation of the Spin-Off, the Parent shall not permit any of its Subsidiaries that is not an Issuer or a Guarantor (each, a "***Non-Guarantor Subsidiary***" and collectively, the "***Non- Guarantor Subsidiaries***") to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively "***incur***") any Non-Guarantor Indebtedness (including Acquired Debt) and shall not permit any of its Non-Guarantor Subsidiaries to issue any shares of Preferred Stock ("***Non-Guarantor Preferred Stock***"); *provided*, *however*, that any Non-Guarantor Subsidiary may incur Non-Guarantor Indebtedness (including Acquired Debt) and issue Non-Guarantor Preferred Stock if, on a Pro Forma Basis, the Consolidated Non-Guarantor Debt Ratio would be no greater than 2.50 to 1.00.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The restrictions in Section 4.07(a) shall not apply to the following items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) any Indebtedness or Non-Guarantor Preferred Stock of any Subsidiaries in existence on the Release Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Indebtedness owing to the Parent or any of its Subsidiaries and Non-Guarantor Preferred Stock issued to the Parent or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Guarantees of Indebtedness of any other Non-Guarantor Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Indebtedness in respect of workers compensation claims, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Indebtedness under Swap Agreements entered into in the ordinary course of business and not for speculative purposes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) Indebtedness in respect of bid, performance, surety, stay, customs, appeal or replevin bonds or performance and completion guarantees and similar obligations issued or incurred in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) Indebtedness in respect of judgments, decrees, attachments or awards;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) Indebtedness consisting of bona fide purchase price adjustments, earn-outs, indemnification obligations, obligations under deferred compensation or similar arrangements and similar items incurred in connection with acquisitions, asset sales, investments and dispositions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) Cash Management Obligations and other Indebtedness in respect of card obligations, netting services, overdraft protections, cash management services and similar arrangements, in each case, in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10) Indebtedness consisting of (x) the financing of insurance premiums with the providers of such insurance or their affiliates or (y) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11) Indebtedness supported by a letter of credit issued in compliance with this Section 4.07, in a principal amount not to exceed the face amount of such letter of credit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12) all premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or contingent interest in respect of Indebtedness permitted by this Section 4.07;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13) Indebtedness under Permitted Receivables Facilities; *provided* that the aggregate principal amount of such Indebtedness, when taken together with (but not in duplication of) any Liens on Receivables and Permitted Receivables Facility Assets securing Indebtedness arising under Permitted Receivables Facilities incurred or permitted to exist pursuant to Section 4.10(a)(6), shall not exceed the greater of (x) $300,000,000 and (y) 35% of LTM EBITDA (measured at the time of incurrence of any such Indebtedness);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14) Indebtedness incurred in the ordinary course of business to finance working capital and other cash management needs of such Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15) other Indebtedness in an aggregate principal amount outstanding at any time not to exceed the greater of (x) $390,000,000 and (y) 45% of LTM EBITDA (measured at the time of incurrence of any such Indebtedness);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16) Indebtedness of Non-Guarantor Subsidiaries organized in China in an aggregate principal amount outstanding at any time not to exceed the greater of (x) $500,000,000 and (y) 60% of LTM EBITDA (measured at the time of incurrence of any such Indebtedness);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17) Indebtedness of Non-Guarantor Subsidiaries organized in India in an aggregate principal amount outstanding at any time not to exceed the greater of (x) $50,000,000 and (y) 6% of LTM EBITDA (measured at the time of incurrence of any such Indebtedness);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18) (A) Indebtedness assumed in connection with an acquisition, including Indebtedness of a Person that is acquired by, or merged with or into, the Parent or one of its Subsidiaries (so long as such Indebtedness exists at the time of such acquisition or merger and was not created or incurred in anticipation thereof); and (B) Indebtedness incurred to finance the acquisition, construction, repair, replacement or improvement of any fixed or capital assets and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof; *provided* that (i) the aggregate principal amount of outstanding Indebtedness permitted by this clause (18)(B) shall not exceed the greater of (x) $260,000,000 and (y) 30% of LTM EBITDA (measured at the time of incurrence of any such Indebtedness) at any time outstanding, (ii) such Indebtedness (other than any Refinancing Indebtedness in respect thereof) is incurred prior to or within two hundred seventy (270) days after such acquisition or the completion of such construction, repair or replacement or improvement and (iii) such Indebtedness does not exceed the cost of acquiring, constructing, repairing, replacing or improving such fixed or capital assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19) Indebtedness in respect of letters of credit denominated in foreign currencies in an aggregate face amount outstanding at any time not to exceed the greater of (x) $85,000,000 and (y) 10% of LTM EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20) Indebtedness of any Joint Venture or Indebtedness of any Non-Guarantor Subsidiary incurred on behalf of any Joint Venture, or any Guarantees by any Non-Guarantor Subsidiary of Indebtedness of any Joint Venture, in an aggregate outstanding principal amount for all such Indebtedness not to exceed at any time the greater of (x) $260,000,000 and (y) 30% of LTM EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21) (i) Guarantees by any Non-Guarantor Subsidiary of the obligations of suppliers, customers, franchisees, licensees, sublicensees and cross-licensees in the ordinary course of business, (ii) Indebtedness incurred in the ordinary course of business in respect of obligations of any Non-Guarantor Subsidiary to pay the deferred purchase price of property or services or progress payments in connection with such property and services and (iii) Indebtedness in respect of letters of credit, bankers' acceptances, bank guaranties or similar instruments supporting trade payables, warehouse receipts or similar facilities entered into in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22) Indebtedness of any Non-Guarantor Subsidiary consisting of obligations owing under incentive, supply, license, sublicense or similar agreements entered into in the ordinary course of business;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23) Indebtedness of any Non-Guarantor Subsidiary consisting of obligations to reacquire assets or inventory in connection with customer financing arrangements in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24) endorsement of instruments or other payment items for collection or deposit in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25) Indebtedness of any Non-Guarantor Subsidiary in an aggregate outstanding principal amount not to exceed 100% of the amount of any capital contributions or other proceeds received by the Parent in cash or Cash Equivalents (i) from the issuance or sale of Qualified Capital Stock of the Parent or (ii) in the form of any cash contribution to the common equity of the Parent, in each case after the effective date of the Spin-Off, and in each case other than any proceeds received from the sale of Capital Stock to, or contributions from, the Parent or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26) Indebtedness of any Non-Guarantor Subsidiary representing deferred compensation to any future, current or former director, officer, member of management, manager, employee, independent contractor or consultant (or any Affiliate or transferee of any of the foregoing) of the Parent or any Subsidiary in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27) unfunded pension fund and other employee benefit plan obligations and liabilities incurred by any Non-Guarantor Subsidiary in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28) customer deposits and advance payments received in the ordinary course of business from customers for goods and services purchased in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29) (i) Indebtedness in connection with bankers' acceptances, discounted bills of exchange or the discounting or factoring of receivables for credit management purposes, in each case incurred or undertaken in the ordinary course of business on arm's-length commercial terms and (ii) the incurrence of Indebtedness attributable to the exercise of appraisal rights or the settlement of any claims or actions (whether actual, contingent or potential) with respect to any acquisition (by merger, consolidation or amalgamation or otherwise); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30) any Refinancing Indebtedness in respect of Indebtedness incurred under Section 4.07(a) or clause (1), (15), (18), (20), (25) or (30) of this Section 4.07(b); *provided* that in the case of any Refinancing of Indebtedness initially incurred pursuant to clause (15), (18)(B), (20) or (25) of this Section 4.07(b), the principal amount of such Refinancing Indebtedness (exclusive of principal in respect of amounts referred to in clause (ii) of the definition of Refinancing Indebtedness) shall be deemed to be incurred under such clause for purposes of calculating future incurrences under such clause.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For purposes of determining compliance with any U.S. dollar restriction on (i) the incurrence of Indebtedness or (ii) the incurrence or existence of any Lien pursuant to Section 4.10, in each case, where the Indebtedness incurred is denominated in a currency other than U.S. dollars, the amount of such Indebtedness will be the U.S. Dollar Equivalent determined on the date of the incurrence of such Indebtedness; *provided*, *however*, that if any such Indebtedness denominated in a currency other than U.S. dollars is subject to a Currency Agreement with respect to U.S. dollars covering all principal, premium, if any, and interest payable on such Indebtedness, the amount of such Indebtedness expressed in U.S. dollars will be as provided in such Currency Agreement. The principal amount of any refinancing Indebtedness incurred in the same currency as the Indebtedness being refinanced will be the U.S. Dollar Equivalent of the Indebtedness being refinanced, except to the extent that (1) such U.S. Dollar Equivalent was determined based on a Currency Agreement, in which case the refinancing Indebtedness will be determined in accordance with the preceding sentence, and (2) the principal amount of the refinancing Indebtedness exceeds the principal amount of the Indebtedness being refinanced, in which case the U.S. Dollar Equivalent of such excess will be determined on the date such refinancing Indebtedness is incurred. The maximum amount of Indebtedness that may be incurred pursuant to this Section 4.07 or Liens that may be incurred or exist pursuant to Section 4.10 shall not be deemed to be exceeded, with respect to any outstanding Indebtedness or Liens thereon, solely as a result of fluctuations in the exchange rate of currencies.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For purposes of determining compliance with this Section 4.07, (A) an item of Non-Guarantor Indebtedness need not be permitted solely by reference to one category of permitted Non-Guarantor Indebtedness described in this Section 4.07 but may be permitted in part under any combination thereof and (B) in the event that an item of Non-Guarantor Indebtedness (or any portion thereof) meets the criteria of one or more of the categories of permitted Non-Guarantor Indebtedness described in this covenant, the Issuers shall, in their sole discretion, classify or reclassify, or later divide, classify or reclassify, such Non-Guarantor Indebtedness (or any portion thereof) in any manner that complies with this Section 4.07 and will only be required to include the amount and type of such item of Indebtedness in one of the clauses of this Section 4.07 and such item of Non-Guarantor Indebtedness will be treated as being incurred or existing pursuant to only one of such clauses.

SECTION 4.08. <u>Limitation on Sale and Leaseback Transactions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) From and after the consummation of the Spin-Off, the Parent and the Issuers will not, and will not permit any other Guarantor to, enter into any Sale and Leaseback Transaction with respect to any property unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Sale and Leaseback Transaction is solely with the Parent or a Subsidiary of the Parent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the lease is for a period not in excess of 24 months, including renewals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the Issuer or the Guarantor would (at the time of entering into such arrangement) be entitled as described in clauses (1) through (30) of Section 4.10(a) without equally and ratably securing the Notes then outstanding under this Indenture, to create, incur, issue, assume or guarantee Indebtedness secured by a Lien on such property in the amount of the Attributable Debt arising from such Sale and Leaseback Transaction; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the Issuer or the Guarantor, within 360 days after the sale of such property in connection with such Sale and Leaseback Transaction is completed, applies an amount equal to the net proceeds of the sale of such property to (i) the permanent retirement of Notes, or other Indebtedness of any Issuer or Guarantor ranking pari passu in right of payment with the Notes or any Indebtedness of any Non-Guarantor Subsidiary or (ii) the purchase of property used or useful in the business of the Parent and its Subsidiaries.

SECTION 4.09. <u>[Reserved]</u>.

SECTION 4.10. <u>Liens</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) From and after the consummation of the Spin-Off, the Parent and the Issuers will not, and will not permit any other Guarantor to, directly or indirectly, incur any Lien (the "***Initial Lien***") of any nature whatsoever on any of its property or assets (including Capital Stock of a Subsidiary), whether owned at the Issue Date or thereafter acquired, which Initial Lien secures any Indebtedness, without effectively providing that the Notes shall be secured equally and ratably with (or prior to) the obligations so secured for so long as such obligations are so secured, other than the following ("***Permitted Liens***"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Liens securing Indebtedness under the Credit Agreement and other Credit Facilities in an aggregate principal amount not to exceed $1,350,000,000 plus an additional amount equal to the greater of (x) $650,000,000 and (y) 75% of LTM EBITDA (measured at the time of incurrence of any such Indebtedness);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any Lien on any property of the Parent or any Subsidiary of the Parent (other than with respect to any obligations under the Credit Agreement) existing on the Release Date and any modifications, replacements, renewals or extensions thereof; *provided* that (i) such Lien shall not apply to any other property of the Parent or any Subsidiary of the Parent other than (A) improvements and after-acquired property that is affixed or incorporated into the property covered by such Lien, and (B) proceeds and products thereof, and (ii) such Lien shall secure only those obligations which it secures on the Release Date and any Refinancing Indebtedness in respect thereof so long as such Liens are not extended to any other property of the Parent or any of its Subsidiaries (other than pursuant to blanket lien or after acquired property clauses existing in the applicable agreements (including any obligation to have new guarantors provide Liens on the same assets owned by it));

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) any Lien existing on any property prior to the acquisition thereof by the Parent or any Subsidiary of the Parent or existing on any property of any Person that becomes a Subsidiary of the Parent after the Release Date prior to the time such Person becomes a Subsidiary; *provided* that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property of the Parent or its Subsidiaries (other than the proceeds or products thereof and other than improvements and after-acquired property that is affixed or incorporated into the property covered by such Lien) and (iii) such Lien shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Subsidiary, as the case may be, and any Refinancing Indebtedness in respect thereof so long as such Liens are not extended to any other property of the Parent or any of its Subsidiaries (other than pursuant to blanket lien or after acquired property clauses existing in the applicable agreements (including any obligation to have new guarantors provide liens on the same assets owned by it));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Liens on fixed or capital assets acquired, constructed, repaired, replaced or improved by the Parent or any of its Subsidiaries; *provided* that (i) such security interests secure Indebtedness in an aggregate principal amount not to exceed the greater of (x) $260,000,000 and (y) 30% of LTM EBITDA (measured at the time of incurrence of any such Indebtedness) at any time outstanding, (ii) such security interests and the Indebtedness secured thereby (other than any Refinancing Indebtedness in respect thereof so long as such Liens are not extended to any other property of the Parent or any of its Subsidiaries (other than pursuant to blanket lien or after acquired property clauses existing in the applicable agreements (including any obligation to have new guarantors provide liens on the same assets owned by it)) are incurred prior to or within two hundred seventy (270) days after such acquisition or the completion of such construction, repair or replacement or improvement, (iii) the Indebtedness secured thereby does not exceed the cost of acquiring, constructing, repairing, replacing or improving such fixed or capital assets and (iv) such security interests shall not apply to any other property of the Parent or any of its Subsidiaries except for accessions to such property, property financed by such Indebtedness and the proceeds and products thereof; *provided further* that individual financings of equipment provided by one lender may be cross-collateralized to other financings of equipment provided by such lender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) rights of setoff and similar arrangements and Liens in respect of Cash Management Obligations and in favor of depository and securities intermediaries to secure obligations owed in respect of card obligations or any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds and fees and similar amounts related to bank accounts or securities accounts (including Liens securing letters of credit, bank guarantees or similar instruments supporting any of the foregoing);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) Liens on Receivables and other Permitted Receivables Facility Assets securing Indebtedness arising under Permitted Receivables Facilities; *provided* that the aggregate principal amount of such Indebtedness secured by such Liens, when taken together with (but not in duplication of) any Indebtedness under Permitted Receivables Facilities pursuant to Section 4.07(b)(13), shall not exceed the greater of (x) $300,000,000 and (y) 35% of LTM EBITDA (measured at the time of incurrence of any such Indebtedness);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) Liens (i) on "earnest money" or similar deposits or other cash advances in connection with acquisitions or (ii) consisting of an agreement to sell or otherwise dispose of any property in a transaction not otherwise prohibited under this Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) Liens (i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code on items in the course of collection and (ii) attaching to commodity trading accounts or other commodities brokerage accounts incurred in the ordinary course of business, including Liens encumbering reasonable customary initial deposits and margin deposits;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) (i) Liens arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into by the Parent or any of its Subsidiaries in the ordinary course of business and (ii) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10) Liens deemed to exist in connection with investments in repurchase agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11) ground leases in respect of real property on which facilities owned or leased by the Parent or any of its Subsidiaries are located and other Liens affecting the interest of any landlord (and any underlying landlord) of any real property leased by the Parent or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12) any restriction or encumbrance with respect to the pledge or transfer of the Equity Interests of a Person that is not a Subsidiary of the Parent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13) Liens not otherwise constituting Permitted Liens, *provided* that a Lien shall be permitted to be incurred pursuant to this clause (13) only if at the time such Lien is incurred the aggregate principal amount of the obligations secured at such time (including such Lien) by Liens outstanding pursuant to this clause (13) would not exceed the greater of (x) $345,000,000 and (y) 40% of LTM EBITDA (measured at the time of incurrence of any such Liens);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14) Liens securing Indebtedness or other obligations of the Parent or one of its Subsidiaries owing to the Parent or one of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15) Liens securing Indebtedness or other obligations of the Parent or one of its Subsidiaries in an aggregate principal amount such that, on a Pro Forma Basis (including a pro forma application of the net proceeds therefrom but excluding the cash proceeds thereof), the Consolidated Secured Leverage Ratio would be less than or equal to 3.00 to 1.00;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16) Liens securing Indebtedness under Swap Agreements entered into in the ordinary course of business and not for speculative purposes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17) Liens on the Equity Interests of a Non-Guarantor Subsidiary to secure Indebtedness of such Non-Guarantor Subsidiary (or any Permitted Guarantee of such Indebtedness by the holder of such Equity Interests) that is otherwise permitted by this Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18) rights of setoff relating to purchase orders and other agreements entered into with customers of the Parent or one of its Subsidiaries in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19) Liens arising from UCC financing statement filings regarding leases and consignments entered into by the Parent and its Subsidiaries in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20) (i) Liens on assets securing judgments, awards, attachments and/or decrees and notices of lis pendens and associated rights relating to litigation (including appeal bonds) being contested in good faith and (ii) any cash deposits securing any settlement of litigation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21) (i) leases, licenses, subleases, sub-licenses or cross-licenses granted to others, (ii) assignments of IP Rights granted to a customer of the Parent or any Subsidiary in the ordinary course of business which do not secure any Indebtedness or (iii) the rights reserved or vested in any Person (including any governmental authority) by the terms of any lease, sub-lease, license, sub-license, franchise, grant or permit held by the Parent or any Subsidiaries or by a statutory provision, to terminate any such lease, sub-lease, license, sub-license, franchise, grant or permit, or to require annual or periodic payments as a condition to the continuance thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22) Liens securing obligations in respect of letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments permitted under clause (6), (8), (11), (19) or (21) of Section 4.07;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23) Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24) Liens on specific items of inventory or other goods and the proceeds thereof securing the relevant Person's obligations in respect of commercial letters of credit or banker's acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or goods;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25) (i) Liens on Capital Stock of Joint Ventures or Non-Guarantor Subsidiaries securing capital contributions to, or obligations of, such Persons and (ii) customary rights of first refusal and tag, drag and similar rights in joint venture agreements and agreements with respect to non-wholly-owned Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26) (i) Liens on cash or Cash Equivalents arising in connection with the defeasance, discharge or redemption of Indebtedness and (ii) Liens on proceeds of any Indebtedness, and any related deposit of cash or Cash Equivalents to cover interest, premium and fees with respect to such Indebtedness, to the extent and only for so long as such proceeds and related deposit are subject to an escrow or similar arrangement to secure such Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27) undetermined or inchoate Liens, rights of distress and charges incidental to current operations that have not at such time been filed or exercised, or which relate to obligations not due or payable or, if due, the validity of such Liens are being contested in good faith by appropriate actions diligently conducted, if adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28) security given to a public or private utility or any governmental authority as required in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29) Liens granted pursuant to a security agreement between the Parent or any Subsidiary and a licensee of IP Rights to secure the damages, if any, incurred by such licensee resulting from the rejection of the license of such licensee in a bankruptcy, reorganization or similar proceeding with respect to the Parent or such Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30) Liens to secure any Refinancing (or successive Refinancings) as a whole, or in part, of any Indebtedness secured by any Lien referred to in clauses (1), (2), (3), (4), (13) and (15) of this Section 4.10(a); *provided* that (a) such new Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements, accessions, proceeds, dividends or distributions in respect thereof) and (b) in the case of any Refinancing of Indebtedness secured by Liens referred to in clauses (1), (4) or (13) of this Section 4.10(a), the principal amount of such Refinancing Indebtedness (exclusive of principal in respect of amounts referred to in clause (ii) of the definition thereof) shall be deemed to be incurred under such clause for purposes of calculating future incurrences under such clause; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31) Liens arising from a Sale and Leaseback Transaction permitted pursuant to Section 4.08 (other than Section 4.08(a)(3)).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any Lien created for the benefit of the Holders of the Notes pursuant to Section 4.10(a) above shall provide by its terms that such Lien shall be automatically and unconditionally released and discharged upon the release and discharge of the Initial Lien.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For purposes of determining compliance with this Section 4.10, (A) a Lien securing an item of Indebtedness need not be permitted solely by reference to one category of permitted Liens described in Section 4.10(a) but may be permitted in part under any combination thereof and (B) in the event that a Lien securing an item of Indebtedness (or any portion thereof) meets the criteria of one or more of the categories of permitted Liens described in Section 4.10(a), the Issuers shall, in their sole discretion, classify or reclassify, or later divide, classify or reclassify, such Lien securing such item of Indebtedness (or any portion thereof) in any manner that complies

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with this Section 4.10 and will only be required to include the amount and type of such Lien or such item of Indebtedness secured by such Lien in one of the clauses of Section 4.10(a) and such Lien securing such item of Indebtedness will be treated as being incurred or existing pursuant to only one of such clauses; *provided* that all Liens securing Indebtedness outstanding under the Credit Agreement on the Release Date (after giving effect to the Transactions) will be treated as incurred on the Release Date under clause (1) of Section 4.10(a) and the Issuers shall not be permitted to reclassify all or any portion of the Liens securing such Indebtedness outstanding on the Release Date.

SECTION 4.11. <u>Offer</u><u> </u><u>to</u><u> </u><u>Repurchase</u><u> </u><u>Upon</u><u> </u><u>Change</u><u> </u><u>of</u><u> </u><u>Control</u><u> </u><u>Triggering</u><u> </u><u>Event</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon the occurrence of a Change of Control Triggering Event with respect to a series of Notes, each Holder shall have the right to require the Issuers to purchase all or any part of such Holder's Notes of such series (*provided* that no Notes of $2,000 or less can be redeemed in part) at a purchase price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest to the date of purchase (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date). Within 30 days following any Change of Control Triggering Event with respect to a series of Notes, the Issuers shall (unless prior to such date such Change of Control Triggering Event ceases to exist) deliver by mail or electronic means, pursuant to the procedures as required by this Indenture, a notice to each Holder of Notes of such series with a copy to the Trustee (the "***Change of Control Offer***"), stating: (i) that a Change of Control Triggering Event with respect to such series of Notes has occurred and that such Holder has the right to require the Issuers to purchase all or a portion of such Holder's Notes of such Series at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest to the date of purchase (the "***Change of Control Payment***") (subject to the right of Holders of record on the relevant Regular Record Date to receive interest on the relevant Interest Payment Date), (ii) the circumstances and relevant facts and financial information regarding such Change of Control Triggering Event, (iii) the purchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is delivered) (the "***Change of Control Payment Date***") and (iv) the instructions determined by the Issuers, consistent with this Section 4.11, that a Holder must follow in order to have its Notes of such series purchased. Holders electing to have a Note purchased pursuant to a Change of Control Offer shall be required to surrender the Note, with the form entitled "Option of Holder to Elect Purchase" on the reverse of the Note completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day prior to the Change of Control Payment Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On the Change of Control Payment Date, the Issuers shall, to the extent lawful, (1) accept for payment all Notes of a series or portions thereof properly tendered pursuant to the Change of Control Offer, (2) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes of such series or portions thereof so tendered and (3) deliver or cause to be delivered to the applicable Trustee or Registrar the Notes so accepted together with an Officer's Certificate stating the aggregate principal amount of Notes or portions thereof being purchased by the Issuers. The Paying Agent shall promptly mail to each Holder of Notes so tendered the Change of Control Payment for such Notes, and the Trustee shall promptly authenticate and mail or deliver (or cause to be transferred by book entry) to each Holder a new Note of such series equal in principal amount to any unpurchased portion of the Notes of such series surrendered, if any; *provided* that each such new Note will be in a minimum principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. The Issuers shall publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Issuers will comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities laws or regulations in connection with the purchase of Notes pursuant to this Section 4.11. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section 4.11, the Issuers will comply with the applicable securities laws and regulations and will not be deemed to have breached their obligations under this Section 4.11 by virtue thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding anything to the contrary in this Section 4.11, the Issuers shall not be required to make a Change of Control Offer for a series of Notes upon a Change of Control Triggering Event if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Section 4.11 and purchases all Notes validly tendered and not withdrawn under such Change of

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Control Offer. In addition, the Issuers will not be required to make a Change of Control Offer with respect to a series of Notes upon a Change of Control Triggering Event if the Notes of such series have been or are called for redemption by the Issuers prior to the Issuers being required to deliver notice of the Change of Control Offer, and thereafter redeem all Notes of such series called for redemption in accordance with the terms set forth in such redemption notice. Notwithstanding anything to the contrary contained herein, a revocable Change of Control Offer may be made in advance of a Change of Control Triggering Event, conditioned upon the consummation of the relevant Change of Control, if a definitive agreement is in place for such Change of Control at the time the Change of Control Offer is made.

SECTION 4.12. <u>Corporate</u><u> </u><u>Existence</u>

Except as otherwise permitted by Article 5 hereof, the Parent and each Issuer will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence.

SECTION 4.13. <u>Additional</u> <u>Guarantors</u>.

From and after the consummation of the Spin-Off, the Parent will cause each Subsidiary of the Parent that is a borrower or guarantor under the Credit Agreement to execute and deliver to the Trustee a supplemental indenture in the form of <u>Exhibit E</u> hereto (as modified to reflect the Agreed Guarantee Principles), pursuant to which such Subsidiary will provide a Note Guarantee.

SECTION 4.14. <u>U.S.</u><u> </u><u>Federal</u><u> </u><u>Income</u><u> </u><u>Tax</u> <u>Treatment</u>.

On the Issue Date, all or a portion of the proceeds of the offering of the Notes of each series will be borrowed by Cyprium Luxembourg and the remaining portion of the proceeds of the offering of the Notes of such series, if any, will be borrowed by Cyprium Corp. The portion of the proceeds of Notes of each series that will be borrowed by Cyprium Luxembourg and the portion of the proceeds of Notes of each series that will be borrowed by Cyprium Corp., in each case, on the Issue Date, and after any subsequent change to such allocation (as set forth below), will be made available to a Holder or beneficial owner upon request by contacting Versigent Investor Relations (which can be reached through the Parent's website or at investorrelations@versigent.com). Although the Notes of each series are co-issued by the Issuers and, therefore, each of the Issuers is liable for repayment of the Notes of each series and all interest and Additional Amounts thereon in their entirety, the Issuers intend to treat, for U.S. federal income tax purposes, Cyprium Luxembourg and Cyprium Corp., respectively, as the issuer of only the portion of the Notes of each series borrowed by such Issuer. In addition, the interest and principal due on the portion of the Notes of each series borrowed by each Issuer will be paid, on a pro rata basis, by (or on behalf of) the applicable Issuer. Notwithstanding the foregoing or anything to the contrary in this Indenture, (x) each Holder and beneficial owner acknowledges that Cyprium Luxembourg and Cyprium Corp. have the right to change the foregoing allocations between Cyprium Luxembourg and Cyprium Corp. for any reason (including, but not limited, as a result of a redemption of any Notes of a series or the issuance of Additional Notes with respect to such series, in each case, in a different allocation than the initial allocation with respect to the outstanding Notes of such series), (y) the Issuers are entitled (i) not to treat any Additional Notes of a series that have a different allocation than the initial allocation with respect to the outstanding Notes of such series as non-fungible for U.S. federal income tax purposes solely as a result of such different allocation, and (ii) to treat the issuance of Additional Notes of a series as resulting in a change in the allocation of the outstanding Notes of such series so as to have the same allocation across the Additional Notes of such series and the outstanding Notes of such series, and (z) each Holder and beneficial owner agrees and acknowledges that any applicable withholding agent may withhold U.S. federal withholding tax (including any withholding imposed under FATCA) from any interest payment made on any Note of a series to or for the benefit of any person who is not a "United States person," as such term is defined for U.S. federal income tax purposes, and pay such withheld amounts to the U.S. Internal Revenue Service, in each case in accordance with applicable law, unless such person provides documentation to the applicable withholding agent such that an exemption from such U.S. federal withholding tax would apply to such payment (*provided* that the amount of any such withholding may be determined (regardless of the actual allocation) as if interest on such Note were treated entirely as U.S.-source income for U.S. federal income tax purposes).

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ARTICLE 5

SUCCESSORS

SECTION 5.01. <u>Merger,</u><u> </u><u>Consolidation,</u><u> </u><u>or</u><u> </u><u>Sale</u><u> </u><u>of</u><u> </u><u>Assets</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Parent will not, directly or indirectly, consolidate with or merge with or into, or convey, transfer or lease all or substantially all its assets in one or a series of related transactions to, any Person, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the resulting, surviving or transferee Person (the "***Successor Parent***") will be a corporation, limited liability company, limited liability partnership, limited company, or other similar organization organized and existing under the laws of (x) the United States of America or any State thereof or the District of Columbia or (y) the United Kingdom, Jersey or any other jurisdiction in the Channel Islands, any member state of the European Union as in effect on the Issue Date, Switzerland, Bermuda, The Cayman Islands or Singapore; *provided* that, the Successor Parent (if not the Parent) will expressly assume, by a supplemental indenture, executed and delivered to the Trustee, all the obligations of the Parent under this Indenture and the Notes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) immediately after giving effect to such transaction, no Default shall have occurred and be continuing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the Issuers shall have delivered to the Trustee an Officer's Certificate and an Opinion of Counsel, upon which the Trustee may conclusively rely, each stating that such consolidation, merger or transfer and such supplemental indenture (if any) comply with this Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Parent and the Issuers will not permit any Guarantor that is a Subsidiary of the Parent (a "***Subsidiary Guarantor***") to, directly or indirectly, consolidate with or merge with or into, or convey, transfer or lease all or substantially all of its assets in one or a series of related transactions to, any Person, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) (A) the resulting, surviving or transferee Person (the "***Successor Guarantor***") (if not the Subsidiary Guarantor) will expressly assume, by a supplemental indenture, executed and delivered to the Trustee, all the obligations of such Guarantor under its Note Guarantee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) immediately after giving effect to such transaction, no Default shall have occurred and be continuing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) the Issuers will have delivered to the Trustee an Officer's Certificate and an Opinion of Counsel, upon which the Trustee may conclusively rely, each stating that such consolidation, merger or transfer and such supplemental indenture (if any) comply with this Indenture; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) such Subsidiary Guarantor will be released from its Note Guarantee in connection therewith as provided in this Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Issuer will not, directly or indirectly, consolidate with or merge with or into any Person, unless (1)(A) such Issuer will be the continuing company or (B) immediately following such transaction, at least one Subsidiary of the Parent (which may be the successor to such Issuer) is an Issuer and (2) the Issuers shall have delivered to the Trustee an Officer's Certificate and an Opinion of Counsel, each stating that such consolidation or merger complies with this Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding Section 5.01(a), Section 5.01(b) or Section 5.01(c):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) any Subsidiary of the Parent may consolidate with, merge into or transfer all or part of its properties and assets to any Issuer or any Guarantor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any Issuer and any Guarantor may merge with an Affiliate organized solely for the purpose of reorganizing an Issuer or a Guarantor in another jurisdiction; *provided* that, in the case of a merger of the Parent, the Affiliate into which such Parent merges shall be organized in a jurisdiction permitted by Section 5.01(a)(1).

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SECTION 5.02. <u>Successor</u><u> </u><u>Corporation</u> <u>Substituted</u>.

Upon any consolidation, merger or any transfer of all or substantially all of the assets of the Parent in accordance with Section 5.01 hereof, in which the Parent is not the continuing Person, the successor Person formed by such consolidation or into which the Parent is merged or to which such conveyance, lease or transfer is made shall succeed to, and be substituted for, and may exercise every right and power of the Parent under this Indenture and the Notes with the same effect as if such surviving entity had been named as such and that, in the event of a conveyance or transfer (but not a lease), the conveyor or transferor (but not a lessor) shall be released from the provisions of this Indenture and the obligation to pay the principal of and interest on the Notes.

Upon any consolidation or merger of an Issuer in accordance with Section 5.01 hereof, in which such Issuer is not the continuing Person, the successor Person formed by such consolidation or into which such Issuer is merged or consolidated shall (to the extent required by Section 5.01(c) above) succeed to, and be substituted for, and may exercise every right and power of such Issuer under this Indenture and the Notes with the same effect as if such surviving entity had been named as such, and the predecessor of such Issuer will be released from the obligation to pay the principal of and interest on the Notes.

ARTICLE 6

DEFAULTS AND REMEDIES

SECTION 6.01. <u>Events</u><u> </u><u>of</u> <u>Default</u>.

Each of the following is an "***Event of Default***" with respect to the Notes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a default in any payment of interest on the Notes when due and payable continues for a period of

30 days;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a default in the payment of principal of any Note when due and payable at its Stated Maturity, upon optional redemption or required repurchase or redemption, upon declaration of acceleration or otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the failure by an Issuer or any Guarantor to comply with its obligations under Section 5.01;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the failure by an Issuer or any Guarantor to comply with any of its obligations under Section 4.07, 4.08, 4.10, 4.11 or 4.13 for 60 days, or the failure by an Issuer to comply with its obligations under Section 4.03 for 120 days, in each case after the Issuers receive written notice specifying the default (and demanding that such default be remedied) from the Trustee or the Holders of at least 25% of the outstanding principal amount of the Notes of all affected series;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the failure by an Issuer or any Guarantor to comply with its other agreements contained in this Indenture for 90 days after the Issuers receive written notice specifying the default (and demanding that such default be remedied) from the Trustee or the Holders of at least 25% of the outstanding principal amount of the Notes of all affected series;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the failure by the Parent or any Subsidiary to pay the principal amount of any Indebtedness (other than Indebtedness owing to the Parent or any of its Subsidiaries) within any applicable grace period after final maturity or the acceleration of any such Indebtedness by the holders thereof because of a default if the total amount of such Indebtedness unpaid or accelerated exceeds the greater of (x) $150 million or its foreign currency equivalent and (y) 17% of LTM EBITDA or its foreign currency equivalent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) [reserved];

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) any Note Guarantee by the Parent or any Significant Subsidiary (or group of Subsidiaries that together would constitute a Significant Subsidiary) ceases to be in full force and effect in all material respects (except as contemplated by the terms thereof) or any Guarantor denies or disaffirms such Guarantor's obligations under this Indenture or any Note Guarantee and such Default continues for 10 days after receipt of the notice as specified in this Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Parent, an Issuer or a Significant Subsidiary, within the meaning of Bankruptcy Law:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) commences a voluntary case,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) consents to the entry of an order for relief against it in an involuntary case,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) consents to the appointment of a custodian of it or for all or substantially all of its property, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) makes a general assignment for the benefit of its creditors; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) is for relief against the Parent, an Issuer or a Significant Subsidiary in an involuntary case;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) appoints a custodian of the Parent, an Issuer or a Significant Subsidiary, or for all or substantially all of the property of the Parent, an Issuer or a Significant Subsidiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) orders the liquidation of the Parent, an Issuer or a Significant Subsidiary,

and the order or decree remains unstayed and in effect for 60 consecutive days.

The foregoing will constitute Events of Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

However, a default under clause (d), (e), (f) or (h) above will not constitute an Event of Default with respect to any Notes until the Trustee notifies the Issuers or the Holders of at least 25% in principal amount of the outstanding Notes of all affected series notify the Issuers and the Trustee of the default and the Issuers or the Guarantors, as applicable, do not cure such default within the time specified in clause (d), (e), (f) or (h) above after receipt of such notice.

SECTION 6.02. <u>Acceleration</u>.

If an Event of Default (other than an Event of Default specified in clause (i) or (j) of Section 6.01 hereof with respect to the Parent or an Issuer) occurs and is continuing, the Trustee (at the direction of the Holders) or the Holders of at least 25% in principal amount of the then outstanding Notes of all affected series may declare the principal of and accrued but unpaid interest on all the Notes to be due and payable immediately by notice in writing to the Issuers and the Trustee (if given by the Holders) specifying the respective Event of Default and that it is a "notice of acceleration" (the "***Acceleration Notice***"), and the same shall become immediately due and payable. If an Event of Default specified in clause (i) or (j) of Section 6.01 hereof with respect to the Parent or an Issuer occurs and is continuing, then all unpaid principal of, and premium, if any, and accrued and unpaid interest on all the outstanding Notes shall *ipso facto* become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. Notwithstanding anything to the contrary set forth above, a notice of Default may not be given with respect to any action taken, and reported publicly or to Holders, more than two years prior to such notice of Default.

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In the event of a declaration of acceleration of the Notes solely because an Event of Default described in Section 6.01(f) above has occurred and is continuing, the declaration of acceleration of the Notes shall be automatically rescinded and annulled if the event of default or payment default triggering such Event of Default pursuant to Section 6.01(f) shall be remedied or cured by the Parent or a Subsidiary of the Parent or waived (and the related declaration of acceleration rescinded or annulled) by the holders of the relevant Indebtedness within 20 Business Days after the declaration of acceleration with respect to the Notes and if the rescission and annulment of the acceleration of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction obtained by the Trustee for the payment of amounts due on the Notes.

At any time after a declaration of acceleration with respect to the Notes as described in the second preceding paragraph, the Holders of a majority in principal amount of the Notes of all affected series may rescind and cancel such declaration with respect to the Notes and its consequences (i) if the rescission would not conflict with any judgment or decree, (ii) if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of the acceleration, (iii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid, (iv) if the Issuers have paid the Trustee and the Agents their compensation and reimbursed the Trustee for its reasonable expenses, disbursements and advances; and (v) in the event of the cure or waiver of an Event of Default of the type described in clause (i) or (j) of Section 6.01 hereof, the Trustee shall have received an Officer's Certificate and an Opinion of Counsel that such Event of Default has been cured or waived. No such rescission shall affect any subsequent Default or impair any right consequent thereto.

Any notice of Default, notice of acceleration or instruction to the Trustee to provide a notice of Default, notice of acceleration or take any other action with respect to an alleged Default or Event of Default (a "***Noteholder Direction***") provided by any one or more Holders (other than any Holder that is a Regulated Bank) (each, a "***Directing Holder***") must be accompanied by a written representation from each such Holder to the Issuers and the Trustee that such Holder is not (or, in the case such Holder is DTC or its nominee, that such Holder is being instructed solely by beneficial owners that have represented to such Holder that they are not) Net Short (a "***Position Representation***"), which representation, in the case of a Noteholder Direction relating to a notice of Default shall be deemed a continuing representation until the resulting Event of Default is cured or otherwise ceases to exist or the Notes are accelerated. In addition, each Directing Holder is deemed, at the time of providing a Noteholder Direction, to covenant to provide the Issuers with such other information as the Issuers may reasonably request from time to time in order to verify the accuracy of such Directing Holder's Position Representation within five Business Days of request therefor (a "***Verification Covenant***"). In any case in which the Holder is DTC or its nominee, any Position Representation or Verification Covenant required hereunder shall be provided by the beneficial owner of such Notes in lieu of DTC or its nominee and DTC shall be entitled to conclusively rely on such Position Representation and Verification Covenant in delivering its direction to the Trustee.

If, following the delivery of a Noteholder Direction, but prior to the acceleration of the Notes, the Issuers determine in good faith that there is a reasonable basis to believe a Directing Holder providing such Noteholder Direction was, at any relevant time, in breach of its Position Representation and the Issuers provide to the Trustee (i) an Officer's Certificate certifying that the Issuers have a good faith reasonable basis to believe that one or more Directing Holders were at any relevant time in breach of their Position Representation or their Verification Covenant and (ii) evidence that the Issuers have filed papers with a court of competent jurisdiction seeking a determination that such Directing Holder was, at such time, in breach of its Position Representation, and seeking to invalidate any Default, Event of Default or acceleration (or notice thereof) that resulted from the applicable Noteholder Direction, the cure period with respect to such Default or Event of Default shall be automatically stayed pending a final and non-appealable determination of a court of competent jurisdiction on such matter. If, following the delivery of a Noteholder Direction, but prior to acceleration of the Notes, the Issuers provide to the Trustee such Officer's Certificate stating that a Directing Holder failed to satisfy its Verification Covenant, the cure period with respect to any Default or Event of Default that resulted from the applicable Noteholder Direction shall be automatically stayed pending satisfaction of such Verification Covenant. Any breach of the Position Representation shall result in such Directing Holder's participation in such Noteholder Direction being disregarded; and, if, without the participation of such Directing Holder, the percentage of Notes held by the remaining Holders that provided such Noteholder Direction would have been insufficient to validly provide such Noteholder Direction, such Noteholder Direction

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shall be void ab initio (other than any indemnity and/or security such Directing Holder may have offered or provided to the Trustee), with the effect that such Event of Default shall be deemed never to have occurred. If the Directing Holder has satisfied its Verification Covenant (and the Issuers have not determined in good faith that there is a reasonable basis to believe such Verification Covenant has not been satisfied as set forth above), then the Trustee shall be permitted to act in accordance with such Noteholder Direction. Notwithstanding the above, if such Directing Holder's participation is not required to achieve the requisite level of consent of Holders required under this Indenture to give such Noteholder Direction, the Trustee shall be permitted to act in accordance with such Noteholder Direction notwithstanding any action taken or to be taken by the Issuers (as described above). In addition, for the avoidance of doubt, this paragraph shall not apply to any Holder that is a Regulated Bank; *provided* that if a Regulated Bank is a Directing Holder or a beneficial owner directing DTC it shall provide a written representation to the Issuers that it is a Regulated Bank.

For the avoidance of doubt, the Trustee shall be entitled to conclusively rely on any Noteholder Direction delivered to it in accordance with this Indenture, shall have no duty to monitor, investigate, verify or otherwise determine if a Holder is Net Short or to inquire as to or investigate the accuracy of any Position Representation or determine whether it complies with the provisions of this Indenture, enforce compliance with any Verification Covenant, monitor any court proceedings undertaken in connection therewith, inquire if the Issuers will seek action to determine if a Directing Holder has breached its Position Representation, monitor or investigate whether any Default or Event of Default has been publicly reported, verify any statements in any Officer's Certificate delivered to it, or otherwise make calculations, investigations or determinations with respect to Derivative Instruments, Net Shorts, Long Derivative Instruments, Short Derivative Instruments or otherwise and shall have no liability for ceasing to take any action or staying any remedy or otherwise failing to act in accordance with a Noteholder Direction as provided for herein. The Trustee shall have no liability to the Issuers, any Holder or any other Person in acting in good faith on a Noteholder Direction, or for determining whether any Holder has delivered a Position Representation, such Position Representation conforms with the requirements of this Indenture or any other agreement or any Holder is a Regulated Bank.

SECTION 6.03. <u>Other</u><u> </u><u>Remedies</u>.

If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal, premium, if any, and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by law.

SECTION 6.04. <u>Waiver</u><u> </u><u>of</u><u> </u><u>Past</u> <u>Defaults</u>.

Holders of not less than a majority in aggregate principal amount of the then outstanding Notes of all series affected (voting as a single class) by notice to the Trustee may on behalf of the Holders of all of the Notes of such series waive an existing Default or Event of Default and its consequences hereunder, except a continuing Default or Event of Default in the payment of the principal of, premium and interest on the Notes (including in connection with an offer to purchase) (*provided*, *however*, that the Holders of a majority in aggregate principal amount at maturity of the then outstanding Notes of all affected series may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration). Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

SECTION 6.05. <u>Control</u><u> </u><u>by</u><u> </u><u>Majority</u>.

Holders of a majority in principal amount of the then outstanding Notes of all series affected (voting as a single class) may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee with respect to the Notes. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines is unduly prejudicial to the rights of any other Holders of Notes or that would involve the Trustee in personal liability (it being understood that the Trustee has no duty to determine whether any action is prejudicial to any Holder).

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SECTION 6.06. <u>Limitation</u><u> </u><u>on</u> <u>Suits</u>.

A Holder of a Note may pursue a remedy with respect to this Indenture or the Notes only if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Holder of a Note gives to the Trustee written notice of a continuing Event of Default;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Holders of at least 25% in principal amount of the then outstanding Notes of all series affected thereby make a written request to the Trustee to pursue the remedy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) such Holder of a Note or Holders of Notes offer, and if requested, provide to the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expense;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of security or indemnity; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) within such 60-day period the Holders of a majority in principal amount of the then outstanding Notes of all series affected thereby do not give the Trustee a direction inconsistent with the request.

A Holder of a Note may not use this Indenture to prejudice the rights of another Holder of a Note or to obtain a preference or priority over another Holder of a Note.

SECTION 6.07. <u>Rights of Holders of Notes to Receive Payment</u>.

Notwithstanding any other provision of this Indenture, the contractual right of any Holder of a Note to receive payment of principal, premium, if any, and interest on the Note, on or after the respective due dates expressed in the Note, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder.

SECTION 6.08. <u>Collection</u><u> </u><u>Suit</u><u> </u><u>by</u><u> </u><u>Trustee</u>.

If an Event of Default specified in Section 6.01(a) or (b) hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Issuers for the whole amount of principal of, premium on, if any, and interest remaining unpaid on the Notes and interest on overdue principal and premium, if any, and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel as set forth in Section 7.07.

SECTION 6.09. <u>Trustee</u><u> </u><u>May</u><u> </u><u>File</u><u> </u><u>Proofs</u><u> </u><u>of</u> <u>Claim</u>.

The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Notes allowed in any judicial proceedings relative to the Issuers (or any other obligor upon the Notes), their creditors or their property and the Trustee shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and

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other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

SECTION 6.10. <u>Priorities</u>.

If the Trustee collects any money or property pursuant to this Article 6, it shall pay out the money or property in the following order:

First: to the Trustee, the Agents, their respective agents and attorneys for amounts due under Section 7.07 hereof, including payment of all compensation, expense and liabilities incurred, and all advances made, by the Trustee, the Agents and the costs and expenses of collection;

Second: to Holders of Notes for amounts due and unpaid on the Notes for principal, premium, if any, and interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest, respectively; and

Third: to the Issuers or to such party as a court of competent jurisdiction shall direct.

The Trustee may fix a record date and payment date for any payment to Holders of Notes pursuant to this Section 6.10.

SECTION 6.11. <u>Undertaking</u><u> </u><u>for</u><u> </u><u>Costs</u>.

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys' fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder of a Note pursuant to Section 6.06 hereof, or a suit by Holders of more than 10% in principal amount of the then outstanding Notes of the affected series.

ARTICLE 7

TRUSTEE

SECTION 7.01. <u>Duties</u><u> </u><u>of</u> <u>Trustee</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If an Event of Default has occurred and is continuing and is actually known to a Trust Officer, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent Person would exercise or use under the circumstances in the conduct of such Person's own affairs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except during the continuance of an Event of Default actually known to a Trust Officer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the duties of the Trustee shall be determined solely by the express provisions of this Indenture and the Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the absence of gross negligence or willful misconduct on its part, the Trustee 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 Trustee and conforming to the requirements of this Indenture. However, in the case of certificates or opinions specifically required by any provision hereof to be furnished to it, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) this paragraph does not limit the effect of paragraph (b) of this Section 7.01;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b), (c) and (e) of this Section 7.01.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability, including any financial liability, in the performance of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity satisfactory to the Trustee against such risk or liability is not reasonably assured to it. The Trustee shall be under no obligation to exercise any of its rights and powers vested in it under this Indenture at the request of any Holders, unless such Holder shall have offered, and if requested, provided, to the Trustee security and indemnity satisfactory to it against any loss, liability or expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Issuers. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) [reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) [reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Trustee shall have no duty to inquire as to the performance of, or otherwise monitor compliance with, the Issuers' covenants herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section.

SECTION 7.02. <u>Rights</u><u> </u><u>of the</u> <u>Trustee</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Trustee may conclusively rely on, and shall be protected in acting or refraining from acting upon, any document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in any such document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Before the Trustee acts or refrains from acting, it may require an Officer's Certificate or an Opinion of Counsel, or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer's Certificate or Opinion of Counsel. The Trustee may consult with counsel of its own selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture, *provided* that the Trustee's conduct does not constitute willful misconduct or gross negligence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Issuers shall be sufficient if signed by an Officer of the Issuers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders unless such Holders shall have offered, and if requested, provided, to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities that might be incurred by it in compliance with such request or direction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Trustee 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 Trustee, in its reasonable discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall reasonably determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Issuers during normal business hours and upon reasonable notice, personally or by agent or attorney at the sole cost of the Issuers and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys, and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it under this Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Trustee shall not be required to give any bond or surety in respect of the performance of its power and duties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Notwithstanding anything in this Indenture to the contrary, the rights, privileges, protections, immunities and benefits given to the Trustee under this Article 7, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder as an Agent, and to each other Agent, any other agent, Custodian and other Person employed to act hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The permissive right of the Trustee to take or refrain from taking any actions enumerated in this Indenture shall not be construed as a duty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) The Trustee shall not be responsible or liable for any failure or delay in the performance of its obligations under this Indenture 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Anything in this Indenture notwithstanding, in no event shall the Trustee 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 Trustee has been advised as to the likelihood of such loss or damage and regardless of the form of action.

SECTION 7.03. <u>Individual</u><u> </u><u>Rights</u><u> </u><u>of</u><u> </u><u>Trustee</u>.

The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers or any Affiliate of the Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as Trustee or resign. Any Agent may do the same with like rights and duties. The Trustee shall also be subject to Sections 7.10 hereof.

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SECTION 7.04. <u>Trustee</u><u>'</u><u>s</u><u> </u><u>Disclaimer</u>.

The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall not be accountable for the Issuers' use of the proceeds from the Notes or any money paid to the Issuers or upon the Issuers' direction under any provision of this Indenture, it shall not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital herein or any statement in the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture other than its certificate of authentication.

SECTION 7.05. <u>Notice</u><u> </u><u>of</u> <u>Defaults</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Trustee shall not be deemed to have notice of any Default with respect to Notes unless a Trust Officer has actual knowledge thereof or unless written notice of any event which is in fact such a Default is received by a Trust Officer at the Corporate Trust Office from the Issuers or the Holders of 25% in aggregate principal amount of the outstanding Notes of the affected series, and such notice states that it is a "Notice of Default" and references the specific Default or Event of Default, the Notes and this Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a Default occurs and is continuing and is actually known to a Trust Officer, the Trustee shall deliver to Holders of the Notes notice of the Default within 30 days after it is actually known to a Trust Officer or written notice of it is received by a Trust Officer at the Corporate Trust Office, unless such Default shall have been cured or waived. Except in the case of a Default in the payment of principal of, premium, if any, or interest on any Note (including payments pursuant to the redemption provisions of the Notes), the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding the notice is in the interests of the Holders of the Notes.

SECTION 7.06. <u>[Reserved]</u>.

SECTION 7.07. <u>Compensation</u><u> </u><u>and</u> <u>Indemnity</u>.

The Issuers and the Guarantors shall pay to the Trustee, as Trustee, and in each of its capacities as Agent, from time to time such compensation for its services hereunder as agreed in writing between the Issuers and the Trustee (it being understood that the fee letter dated March 4, 2026, between the Issuers and U.S. Bank Trust Company, National Association is one such writing). The Trustee's compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuers and the Guarantors shall reimburse the Trustee and the Agents promptly upon request for all reasonable disbursements, advances and expenses incurred or made by such party in addition to the compensation for its services. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee's and Agents' respective agents and counsel.

The Issuers and the Guarantors shall, jointly and severally, indemnify the Trustee (in any of its capacities), its officers, directors, employees and agents for, and hold them harmless against any and all losses, liabilities, damages, claims or expenses (including reasonable attorneys' fees and expenses) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Issuers and the Guarantors (including this Section 7.07) and defending itself against any claim (whether asserted by the Issuers and the Guarantors or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its own gross negligence or willful misconduct as determined by a final order of a court of competent jurisdiction. The Trustee shall notify the Issuers and the Guarantors promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Issuers shall not relieve the Issuers of their obligations hereunder. The Issuers shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and the Issuers shall pay the reasonable fees and expenses of such counsel. The Issuers and the Guarantors need not pay for any settlement made without their consent, which consent shall not be unreasonably withheld.

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The obligations of the Issuers and the Guarantors under this Section 7.07 shall survive the resignation or removal of the Trustee or the Agents, as applicable, the satisfaction and discharge and the termination of this Indenture.

To secure the Issuers' and the Guarantors' payment obligations in this Section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular Notes. Such Lien shall survive the resignation or removal of the Trustee, the satisfaction and discharge and the termination of this Indenture.

In addition, and without prejudice to the rights provided to the Trustee under any of the provisions of this Indenture, when the Trustee incurs expenses or renders services after an Event of Default specified in Sections 6.01(i) or 6.01(j) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.

"***Trustee***" for purposes of this Section shall include any predecessor Trustee and the Trustee in each of its capacities hereunder and each agent, custodian and other person employed to act hereunder; *provided*, *however*, that the negligence or misconduct of any Trustee hereunder shall not affect the rights of any other Trustee hereunder.

SECTION 7.08. <u>Replacement</u> <u>of</u> <u>Trustee</u>.

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee's acceptance of appointment as provided in this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Trustee fails to comply with Section 7.10 hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) a custodian or public officer takes charge of the Trustee or its property; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Trustee becomes incapable of acting.

If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Issuers shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the Issuers.

If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Issuers, or the Holders of Notes of at least 10% in principal amount of the then outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee.

If the Trustee, after written request by any Holder of a Note who has been a Holder of a Note for at least six months, fails to comply with Section 7.10, such Holder of a Note may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Issuers. Thereupon, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to Holders of the Notes. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, provided all sums owing to the Trustee hereunder have been paid and subject to the Lien provided for in Section 7.07 hereof. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Issuers' obligations under Section 7.07 hereof shall continue for the benefit of the retiring Trustee.

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SECTION 7.09. <u>Successor</u><u> </u><u>Trustee</u><u> </u><u>by</u> <u>Merger,</u><u> </u><u>Etc</u>.

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another business entity, the successor business entity without any further act shall, if such successor business entity is otherwise eligible hereunder, be the successor Trustee.

Subject to Section 7.10, any business entity into which the Trustee may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any entity succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto.

SECTION 7.10. <u>Eligibility;</u><u> </u><u>Disqualification</u>.

There shall at all times be a Trustee hereunder that is a Person organized and doing business under the laws of the United States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least $100.0 million as set forth in its most recent published annual report of condition.

ARTICLE 8

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

SECTION 8.01. <u>Option</u><u> </u><u>to</u><u> </u><u>Effect</u><u> </u><u>Legal</u><u> </u><u>Defeasance</u><u> </u><u>or</u> <u>Covenant</u><u> </u><u>Defeasance</u>.

The Issuers may, at the option of their respective Board of Directors evidenced by resolutions set forth in an Officer's Certificate, at any time, elect to have either Section 8.02 or 8.03 hereof applied to all outstanding Notes of a series upon compliance with the conditions set forth below in this ARTICLE 8.

SECTION 8.02. <u>Legal</u><u> </u><u>Defeasance</u><u> </u><u>and</u><u> </u><u>Discharge</u>.

Upon the Issuers' exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Issuers and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from their obligations with respect to all outstanding Notes of a series on the date the conditions set forth below are satisfied with respect to the Notes of such series (hereinafter, "***Legal Defeasance***"). For this purpose, Legal Defeasance means that the Issuers shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes of such series, which shall thereafter be deemed to be "outstanding" only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in clauses (a) and (b) below, and to have satisfied all their other obligations under the Notes of such series and this Indenture with respect to the Notes of such series (and the Trustee, on demand of and at the expense of the Issuers, shall execute such instruments reasonably requested by the Issuers acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of outstanding Notes of such series to receive solely from the trust fund described in Section 8.04 hereof, and as more fully set forth in such Section, payments in respect of the principal amount of, premium, if any, and interest on such Notes when such payments are due, (b) the Issuers' obligations with respect to such Notes under ARTICLE 2 and Section 4.02 hereof, (c) the rights, powers, trusts, duties and immunities of the Trustee and Agents hereunder and the Issuers' obligations in connection therewith and (d) the provisions of this ARTICLE 8 with respect to Legal Defeasance. Subject to compliance with this ARTICLE 8, the Issuers may exercise their option under this Section 8.02 notwithstanding the prior exercise of their option under Section 8.03 hereof.

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SECTION 8.03. <u>Covenant</u><u> </u><u>Defeasance</u>.

Upon the Issuers' exercise under Section 8.01 hereof of the option applicable to this Section 8.03, the Issuers and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof with respect to a series of Notes, be released from their obligations under the covenants contained in Sections 4.03 through 4.13 hereof with respect to the outstanding Notes of such series on and after the date the conditions set forth in Section 8.04 hereof are satisfied with respect to such series of Notes (hereinafter, "***Covenant Defeasance***"), and the Notes of such series shall thereafter be deemed not "outstanding" for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed "outstanding" for all other purposes hereunder (it being understood that such Notes shall not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes of such series, the Issuers may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected thereby. In addition, upon the Issuers' exercise under Section 8.01 hereof of the option applicable to this Section 8.03 hereof, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(d), 6.01(e), 6.01(f), 6.01(i) and 6.01(j) (other than, in the case of Section 6.01(i) and Section 6.01(j), with respect to the Parent and the Issuers) hereof shall not constitute Events of Default.

SECTION 8.04. <u>Conditions to Legal or Covenant Defeasance</u>.

The following shall be the conditions to the application of either Section 8.02 or 8.03 hereof to the outstanding Notes of a series:

In order to exercise either Legal Defeasance or Covenant Defeasance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Issuers must deposit with the Paying Agent, in trust, for the benefit of the Holders, cash in United States dollars, U.S. Government Obligations, or a combination thereof, in such amounts as will be sufficient, without consideration of any reinvestment of such principal and interest, to pay the principal amount at maturity of, premium, if any, and interest on the outstanding Notes of such series on the stated date for payment thereof or on the applicable redemption date, as the case may be;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the case of an election under Section 8.02 hereof, the Issuers shall have delivered to the Trustee an Opinion of Counsel in the United States of America reasonably acceptable to the Trustee confirming that (A) the Issuers have received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the date of this Indenture, there has been a change in the applicable U.S. federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the beneficial holders of the outstanding Notes of such series will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in the case of an election under Section 8.03 hereof, the Issuers shall have delivered to the Trustee an Opinion of Counsel in the United States of America reasonably acceptable to the Trustee confirming that the beneficial owners of the outstanding Notes of such series will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) no Event of Default shall have occurred and be continuing on the date of such deposit (other than an Event of Default resulting from the incurrence of Indebtedness all or a portion of the proceeds of which will be used to defease the Notes of such series pursuant to this Article 8 concurrently with such incurrence and the grant of a Lien to secure such Indebtedness);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the Issuers shall have delivered to the Trustee an Officer's Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance have been complied with; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the Issuers shall have paid or duly provided for payment of all amounts then due to the Trustee pursuant to Section 7.07 hereof.

Notwithstanding the foregoing, the Opinion of Counsel required by clause (b) above with respect to a Legal Defeasance need not be delivered if all Notes of a series not therefor delivered to the Registrar for cancellation (A) have become due and payable, or (B) will become due and payable on the maturity date or upon redemption within one year under arrangements satisfactory to the Trustee for giving of notice of redemption by the Trustee or Registrar in the name, and at the expense, of the Issuers.

SECTION 8.05. <u>Deposited</u><u> </u><u>Money</u><u> </u><u>and</u><u> </u><u>U.S.</u><u> </u><u>Government</u> <u>Securities</u><u> </u><u>to</u><u> </u><u>Be</u><u> </u><u>Held</u><u> </u><u>in</u> <u>Trust; Other Miscellaneous Provisions</u>.

All cash and non-callable U.S. Government Obligations (including the proceeds thereof) deposited with the Paying Agent (or other qualifying trustee, collectively for purposes of this Section 8.05, the "***Trustee***") pursuant to Section 8.04 hereof in respect of the outstanding Notes of a series shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuers acting as Paying Agent) as the Trustee may determine, to the Holders of the Notes of such series of all sums due and to become due thereon in respect of principal, premium, if any, and interest, but such cash and securities need not be segregated from other funds except to the extent required by law.

The Issuers shall pay and indemnify the Trustee and Paying Agent, as applicable, against any tax, fee or other charge imposed on or assessed against the cash or non-callable U.S. Government Obligations deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes of such series.

Anything in this Article 8 to the contrary notwithstanding, but subject to payment of any of its outstanding fees and expenses, the Trustee shall deliver or pay to the Issuers from time to time upon the request of the Issuers any money or non-callable U.S. Government Obligations held by it as provided in Section 8.04 hereof which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(a) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.

SECTION 8.06. <u>Satisfaction</u><u> </u><u>and</u><u> </u><u>Discharge</u>.

This Indenture shall be discharged and shall cease to be of further effect (except as to surviving rights or registration of transfer or exchange of the Notes of a series and the rights of the Trustee, as expressly provided for in this Indenture) as to all outstanding Notes of such series when (i) either (a) all the Notes of such series theretofore authenticated and delivered (except lost, stolen or destroyed Notes of such series which have been replaced or paid and Notes of such series for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Issuers and thereafter repaid to the Issuers or discharged from such trust) have been delivered to the Trustee for cancellation or (b) all Notes of such series not theretofore delivered to the Trustee for cancellation have become due and payable or will become due and payable within one year, whether at maturity or on a redemption date, pursuant to an irrevocable optional redemption notice, and the Issuers have deposited or caused to be deposited with the Trustee or Registrar and Paying Agent funds or U.S. Government Obligations in an amount sufficient to pay and discharge the entire Indebtedness on the Notes of such series not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on the Notes of such series to the date of deposit together with irrevocable instructions from the Issuers directing the Trustee to apply such funds to the payment thereof at maturity or redemption, as the case may be; (ii) the Issuers have paid all other sums due and payable under this Indenture by the Issuers; and (iii) the Issuers have delivered to the Trustee an Officer's Certificate and an Opinion of Counsel stating that all conditions precedent under this Indenture relating to the satisfaction and discharge of this

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Indenture with respect to such series of Notes have been complied with; *provided* that in a discharge in connection with any redemption that requires the payment of the Applicable Premium, the amount deposited shall be sufficient for purposes of this Indenture to the extent that an amount is deposited with the Trustee equal to the Applicable Premium calculated as of the date of the notice of redemption, with any deficit on the date of redemption (the "***Applicable Premium Deficit***") only required to be deposited with the Trustee on or prior to the date of the redemption. Any Applicable Premium Deficit shall be set forth in an Officer's Certificate delivered to the Trustee simultaneously with the deposit of such Applicable Premium Deficit that confirms that such Applicable Premium Deficit shall be applied toward such redemption. The Trustee's rights under this Indenture, including Section 7.07 shall survive termination of this Indenture. This Indenture shall be discharged as to all series of Notes when the above conditions are satisfied as to each series of Notes.

In addition, the Issuers shall deliver to the Trustee an Officer's Certificate and an Opinion of Counsel (which Opinion of Counsel may be subject to customary assumptions and exclusions) each stating that all conditions precedent to such satisfaction and discharge have been satisfied.

SECTION 8.07. <u>Repayment</u><u> </u><u>to</u> <u>Issuers</u>.

Subject to applicable abandoned property law, any cash or non-callable U.S. Government Obligations deposited with the Trustee or any Paying Agent, or then held by the Issuers, in trust for the payment of the principal of, premium, if any, or interest on, any Note and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Issuers on their request or (if then held by the Issuers) shall be discharged from such trust; and the Holder shall thereafter, as an unsecured creditor, look only to the Issuers for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such cash and securities, and all liability of the Issuers as trustee thereof, shall thereupon cease; *provided*, *however*, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Issuers cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such cash and securities remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such cash and securities then remaining will be repaid to the Issuers.

SECTION 8.08. <u>Reinstatement</u>.

If the Trustee or Paying Agent is unable to apply any cash or non-callable U.S. Government Obligations in accordance with Section 8.02 or 8.03, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Issuers' obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 until such time as the Trustee or Paying Agent is permitted to apply all such cash and securities in accordance with Section 8.02 or 8.03, as the case may be; *provided*, *however*, that, if the Issuers make any payment of principal of, premium, if any, or interest on any Note following the reinstatement of their obligations, the Issuers shall be subrogated to the rights of the Holders to receive such payment from the cash and securities held by the Trustee or Paying Agent.

SECTION 8.09. <u>Survival</u>.

The Trustee's rights under this Article 8 shall survive termination of this Indenture or the resignation of the Trustee.

ARTICLE 9

AMENDMENT, SUPPLEMENT AND WAIVER

SECTION 9.01. <u>Without</u><u> </u><u>Consent</u><u> </u><u>of</u> <u>Holder</u>.

Notwithstanding Section 9.02 of this Indenture, the Issuers, the Guarantors and the Trustee may amend or supplement this Indenture, the Escrow Agreement, the Note Guarantees or the Notes of a series without the consent of any Holder of a Note to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) cure any ambiguity, omission, defect or inconsistency;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) provide for the assumption by a successor entity of the obligations of an Issuer or any Guarantor under this Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) provide for uncertificated Notes in addition to or in place of certificated Notes (*provided*, *however*, that the uncertificated Notes are issued in registered form for purposes of Section 163(f) of the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) add additional Note Guarantees or to confirm and evidence the release, termination or discharge of any Note Guarantee when such release, termination or discharge is permitted under this Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) add to the covenants of the Issuers or the Guarantors for the benefit of the Holders of Notes of any series or to surrender any right or power conferred upon the Issuers or the Guarantors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) make any amendment to the provisions of this Indenture relating to the form, authentication, transfer and legending of Notes of any series; *provided*, *however*, that

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) compliance with this Indenture as so amended would not result in Notes of such series being transferred in violation of the Securities Act or any other applicable securities law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) such amendment does not materially affect the rights of Holders to transfer Notes of such series;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) comply with any requirement of the SEC in connection with the qualification of this Indenture under the TIA, if such qualification should become required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) establish the form or forms or terms of notes of any series as permitted under the provisions of this Indenture relating to the issuance of notes in series;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) convey, transfer, assign, mortgage or pledge as security for the Notes of any series any property or assets in accordance with Section 4.10;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) conform any provision of this Indenture, the Notes of any series or the Escrow Agreement to the "Description of Notes" section of the Offering Memorandum; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) make any other change that does not adversely affect the rights of any Holder in any material respect.

Upon the request of the Issuers, and upon receipt by the Trustee of the documents described in Section 9.05 hereof, the Trustee and the Agents shall join with the Issuers and the Guarantors in the execution of any amended or supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but neither the Trustee nor the Agents shall be obligated to enter into such amended or supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise.

After an amendment, supplement or waiver under this Section 9.01 becomes effective, the Issuers shall deliver (by means of electronic transmission in accordance with the applicable procedures of DTC) to the Holders of Notes affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Issuers to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amended or supplemental indenture or waiver.

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SECTION 9.02. <u>With</u><u> </u><u>Consent</u><u> </u><u>of</u><u> </u><u>Holders</u> <u>of</u><u> </u><u>Notes</u>.

Except as provided below in this Section 9.02, this Indenture, the Escrow Agreement, the Note Guarantees and the Notes may be amended or supplemented with the written consent of the Holders of at least a majority in principal amount of the Notes then outstanding under this Indenture, voting as a single class, and, subject to Sections 6.04 and 6.07 hereof, any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal of, premium, if any, or interest on the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture, the Escrow Agreement, the Note Guarantees or the Notes may be waived with the consent of the Holders of a majority in principal amount of the Notes then outstanding under this Indenture voting as a single class; *provided* that any amendment or waiver of past default or compliance with any provision that affects the terms of any one or more series of Notes as distinct from any other series of Notes shall instead require the consent of Holders of a majority in principal amount of the outstanding Notes of such series.

Upon the request of the Issuers accompanied by a resolution of their respective Board of Directors authorizing the execution of any such amended or supplemental Indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Notes as aforesaid, and upon receipt by the Trustee of the documents described in Section 9.05 hereof, the Trustee shall join with the Issuers in the execution of such amended or supplemental indenture unless such amended or supplemental Indenture directly affects the Trustee's own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such amended or supplemental indenture.

It shall not be necessary for the consent of the Holders of Notes under this Section 9.02 to approve the particular form of any proposed amendment or waiver, but it shall be sufficient if such consent approves the substance thereof. A consent to any amendment or waiver under this Indenture, the Notes, any Note Guarantee or the Escrow Agreement by any Holder given in connection with a tender or exchange of such Holder's Notes will not be rendered invalid by such tender or exchange.

After an amendment, supplement or waiver under this Section 9.02 becomes effective, the Issuers shall deliver (by means of electronic transmission in accordance with the applicable procedures of DTC) to the Holders of Notes affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Issuers to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amended or supplemental indenture or waiver.

However, without the consent of each Holder affected, an amendment or waiver under this Section 9.02 may not (with respect to any Notes held by a non-consenting Holder):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) reduce the amount of the Notes whose Holders must consent to an amendment, supplement or waiver;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) reduce the rate of or extend the time for payment of interest on any Note;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) reduce the principal of or extend the Stated Maturity of any Note;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) reduce the premium payable upon the redemption of any Note or change the scheduled date at which any Note may be redeemed as set forth in Sections 3.07 and 3.07(a);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) make any Notes payable in money other than that stated in the Notes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) impair the contractual right of any Holder of Notes to receive payment of principal of and interest on such Note on or after the due dates therefore or to institute suit for the enforcement of such payment on or with respect to such Holder's Notes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) make any change in the amendment provisions which require each Holder's consent or in the waiver provisions; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) except as expressly permitted by this Indenture, modify the Note Guarantee of the Parent or any Significant Subsidiary in any manner materially adverse to the Holders.

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Notwithstanding anything herein or otherwise, the provisions under this Indenture relative to the Issuers' obligation to make a Change of Control Offer with respect to a series of Notes pursuant to Section 4.11 may be waived or modified with the written consent of the Holders of a majority in principal amount of the Notes of such series.

SECTION 9.03. <u>[Reserved]</u>.

SECTION 9.04. <u>Revocation</u><u> </u><u>and</u><u> </u><u>Effect</u><u> </u><u>of</u><u> </u><u>Consents</u>.

Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion thereof that evidences the same debt as the consenting Holder's Note, even if notation of the consent is not made on any Note. However, any such Holder or subsequent Holder may revoke the consent as to its Note or portion thereof if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment becomes effective. An amendment, supplement or waiver shall become effective in accordance with its terms and thereafter shall bind every Holder.

SECTION 9.05. <u>Trustee</u><u> </u><u>to</u><u> </u><u>Sign</u> <u>Amendments</u>.

The Trustee shall sign any amended or supplemental indenture authorized pursuant to this Article 9 if the amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. In executing any amended or supplemental indenture, the Trustee shall be provided with and (subject to Section 7.01 hereof) shall be fully protected in relying upon an Officer's Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental indenture is authorized or permitted by this Indenture and that such amended or supplemental indenture is the legal, valid and binding obligation of the Issuers enforceable against them in accordance with its terms, subject to customary exceptions.

ARTICLE 10

NOTE GUARANTEES

SECTION 10.01. <u>Note</u><u> </u><u>Guarantees</u>.

Each Guarantor (including any Guarantor that executes a supplemental indenture in the form of <u>Exhibit E</u> hereto), as a primary obligor and not merely as a surety, hereby, subject to the Agreed Guarantee Principles, fully, unconditionally and irrevocably guarantees on a senior unsecured basis, jointly and severally, to each Holder and to the Trustee, the Agents and their respective successors and assigns (a) the full and punctual payment of principal of and interest on the Notes when due, whether at Stated Maturity, by acceleration or otherwise, and all other monetary obligations of the Issuers under this Indenture and the Notes and (b) the full and punctual performance within applicable grace periods of all other obligations of the Issuers under this Indenture and the Notes (all such obligations set forth in clauses (a) and (b) above being hereinafter collectively called the "***Guaranteed Obligations***"). Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from such Guarantor and that such Guarantor will remain bound under this Article 10 notwithstanding any extension or renewal of any Guaranteed Obligation.

Each Guarantor waives presentation to, demand of, payment from and protest to the Issuers of any of the Guaranteed Obligations and also waives notice of protest for nonpayment. Each Guarantor waives notice of any default under the Notes or the Guaranteed Obligations. The obligations of each Guarantor hereunder shall not be affected by (a) the failure of any Holder, the Trustee or Agents to assert any claim or demand or to enforce any right or remedy against the Issuers, any other Guarantor or any other Person under this Indenture, the Notes or any other agreement or otherwise; (b) any extension or renewal of any obligation of the Issuers under this Indenture or any Note, by operation of law or otherwise; (c) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Notes or any other agreement; or (d) except as set forth in Section 10.06, any change in the ownership of such Guarantor.

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Each Guarantor further agrees that its Note Guarantee herein constitutes a guarantee of payment, performance and compliance when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder, the Trustee or Agents to any security held for payment of the Guaranteed Obligations.

Each Guarantor further agrees that its Note Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of or interest on any Guaranteed Obligation is rescinded or must otherwise be restored by any Holder, the Trustee or Agents upon the bankruptcy or reorganization of the Issuers or otherwise.

Each Guarantor further agrees that, as between it, on the one hand, and the Holders, the Trustee and the Agents, on the other hand, (x) the maturity of the Guaranteed Obligations may be accelerated as provided in Article 6 for the purposes of such Guarantor's Note Guarantee herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Guaranteed Obligations, and (y) in the event of any declaration of acceleration of such Guaranteed Obligations as provided in Article 6, such Guaranteed Obligations

(whether or not due and payable) shall forthwith become due and payable by such Guarantor for the purposes of this Section.

Each Guarantor also agrees to pay any and all costs and expenses (including reasonable attorneys' fees) incurred by the Trustee or the Agents in enforcing any rights under this Section.

SECTION 10.02. <u>Limitation on</u><u> </u><u>Liability</u>.

Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note Guarantee of such Guarantor (a) not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to any Note Guarantee, and (b) not result in a distribution to shareholders not permitted under the applicable foreign or state law. Any term or provision of this Indenture to the contrary notwithstanding, the maximum aggregate amount of the obligations guaranteed hereunder by any Guarantor shall not exceed the maximum amount that can be hereby guaranteed without rendering the Note Guarantee, as it relates to such Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally. In addition, the obligations of any Guarantor organized outside the United States of America shall be limited as necessary or appropriate to (1) comply with applicable law, (2) avoid any general legal limitations such as general statutory limitations, financial assistance, corporate benefit, "thin capitalization" rules, retention of title claims or similar matters or (3) avoid a conflict with the fiduciary duties of such company's directors, contravention of any legal prohibition or regulatory condition, or the material risk of personal or criminal liability for any officers or directors (collectively referred to as "***Agreed Guarantee Principles***"), in each case as determined by the Issuers in their sole discretion. If following the date of this Indenture and notwithstanding anything in Section 9.02 to the contrary, any Subsidiary incorporated, organized or formed, as the case may be, under the laws of any jurisdiction outside the United States of America (a "***Future Guarantor***") shall be required to execute a Note Guarantee and the Issuers shall reasonably determine that the preceding limitations shall not adequately address the limitations on such Note Guarantee imposed by applicable law of the jurisdiction of incorporation, organization or formation, as the case may be, of any such Future Guarantor, then upon the delivery of an Officer's Certificate and Opinion of Counsel, the Issuers shall be entitled to amend such clauses or add such additional provisions (including any related modifications to a supplement to this Indenture or a Note Guarantee), as the case may be, in order for the Note Guarantee of a Guarantor to adequately address the limitations imposed by applicable law and/or the Agreed Guarantee Principles.

SECTION 10.03. <u>Successors and</u><u> </u><u>Assigns</u>.

This Article 10 shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the successors and assigns of the Trustee, the Agents and the Holders and, in the event of any transfer or assignment of rights by any Holder, the Trustee or the Agents, the rights and privileges conferred upon that party in this Indenture and in the Notes shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions of this Indenture.

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SECTION 10.04. <u>No</u><u> </u><u>Waiver</u>.

Neither a failure nor a delay on the part of either the Trustee, the Agents or the Holders in exercising any right, power or privilege under this Article 10 shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies and benefits of the Trustee, the Agents and the Holders herein expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Article 10 at law, in equity, by statute or otherwise.

SECTION 10.05. No Waiver.

Each Guarantor irrevocably and unconditionally abandons and waives any right which it may have at any time under the existing or future laws of Jersey: (i) whether by virtue of the *droit de discussion* or otherwise to require that recourse be had to the assets of any other person before any claim is enforced against the Guarantor in respect of the obligations and liabilities assumed by the Guarantor under any document, including without limitation under the Notes or this Indenture; and (ii) whether by virtue of the *droit de division* or otherwise to require that any liability under any document, including without limitation, the Notes or this Indenture, be divided or apportioned with any other person or reduced in any manner whatsoever.

SECTION 10.06. <u>Release</u><u> </u><u>of</u><u> </u><u>Guarantor</u>.

The Note Guarantee of a Guarantor will be released with respect to a series of Notes under this Article 10 without any further action required on the part of the Trustee, the Agents or any Holder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) upon (i) the sale or other disposition (including by way of consolidation, merger, dissolution or otherwise) of the Capital Stock of such Guarantor such that it is no longer a Subsidiary of the Parent or (ii) the sale or other disposition of all or substantially all of the assets of such Guarantor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) when such Guarantor is no longer a borrower or guarantor or is otherwise no longer obligated under (or concurrently with such release, will no longer guarantee or otherwise be obligated under) the Credit Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if the Issuers exercise their Legal Defeasance option or their Covenant Defeasance option in accordance with Article 8 hereof or if the Issuers' obligations with respect to such series of Notes are discharged in accordance with the terms of Section 8.06.

SECTION 10.07. <u>Contribution</u>.

Each Guarantor that makes a payment under its Note Guarantee shall be entitled upon payment in full of all Guaranteed Obligations to contribution from each Guarantor, as applicable, in an amount equal to such Guarantor's pro rata portion of such payment based on the respective net assets of all the Guarantors at the time of such payment determined in accordance with GAAP.

ARTICLE 11

MISCELLANEOUS

SECTION 11.01. <u>[Reserved]</u>.

SECTION 11.02. <u>Notices</u>.

Any notice or communication by the Issuers, the Trustee or an Agent to the other parties is duly given if in writing and delivered in person or mailed by first class mail (registered or certified, return receipt requested), facsimile or electronic transmission or overnight air courier guaranteeing next-day delivery, to the other's address:

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If to the Issuers:

Cyprium Corporation and Cyprium Holdings Luxembourg S.à r.l.

c/o Versigent Limited

Spitalstrasse 5

8200 Schaffhausen, Switzerland

[\*\*\*]

[\*\*\*]

With a copy to:

Cyprium Corporation and Cyprium Holdings Luxembourg S.à r.l.

c/o Versigent Limited

Spitalstrasse 5

8200 Schaffhausen, Switzerland

[\*\*\*]

[\*\*\*]

Davis Polk & Wardwell LLP

450 Lexington Avenue

New York, NY 10017

Attention: Michael Kaplan and Roshni Banker Cariello

Tel: 212-450-4111

Email: michael.kaplan@davispolk.com; roshni.cariello@davispolk.com

If to the Trustee:

U.S. Bank Trust Company, National Association

One California Street, Suite 1000

San Francisco, CA 94111

Attn: David A. Jason (Versigent Notes Administrator)

Email: david.jason@usbank.com

With a copy to (which shall not constitute notice):

Shipman & Goodwin LLP

One Constitution Plaza

Hartford, CT 06103-1919

Attn: Marie C. Pollio

Tel: (860) 251-5561

Email: MPollio@goodwin.com

The Issuers, the Trustee or the Agents, by notice to the other, may designate additional or different addresses for subsequent notices or communications.

The Trustee and the Agents, as applicable, agree to accept and act upon facsimile transmission of written instructions pursuant to this Indenture; *provided*, *however*, that (a) the party providing such written instructions, subsequent to such transmission of written instructions, shall provide the originally executed instructions in a timely manner and (b) such originally executed instructions or directions shall be signed by an authorized representative of the party providing such instructions or directions.

All notices and communications (other than those sent to the Trustee, Agents or Holders) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if sent by facsimile or electronic transmission, and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next-day delivery. All notices and communications to the Trustee, Agents or Holders shall be deemed duly given and effective only upon receipt. Any notice or communication to a Holder shall be mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the security register for the Notes. Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders.

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If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it.

All notices, approvals, consents, requests and any communications hereunder must be writing (provided that any communication sent to the Trustee hereunder must be in the form of a document that is signed manually or by way of a digital signature provided by DocuSign, AdobeSign (or such other digital signature provider as specified in writing to Trustee by an Officer of the Issuers), in English). The Issuers agree to assume all risks arising out of the use of using digital signatures and electronic methods to submit communications to Trustee, including without limitation the risk of Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties.

If the Issuers mail a notice or communication to Holders, they shall mail a copy to the Trustee and each Agent at the same time.

SECTION 11.03. <u>[Reserved]</u>.

SECTION 11.04. <u>Certificate and Opinion as to Conditions Precedent</u>.

Upon any request or application by the Issuers to the Trustee or an Agent to take any action under any provision of this Indenture, the Issuers shall furnish to the Trustee and/or Agent, as applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an Officer's Certificate in form reasonably satisfactory to the Trustee and/or Agent, as applicable, (which shall include the statements set forth in Section 11.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been complied with; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) an Opinion of Counsel in form reasonably satisfactory to the Trustee and/or Agent, as applicable, (which shall include the statements set forth in Section 11.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with.

SECTION 11.05. <u>Statements Required in Certificate or Opinion</u>.

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant to Section 4.04 hereof) and shall include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a statement that the Person making such certificate or opinion has read such covenant or condition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied.

SECTION 11.06. <u>Rules by</u><u> </u><u>Trustee</u><u> </u><u>and</u> <u>Agents</u>.

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar, Paying Agent or Authenticating Agent may make reasonable rules and set reasonable requirements for its functions.

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SECTION 11.07. <u>No</u><u> </u><u>Personal</u><u> </u><u>Liability</u><u> </u><u>of</u> <u>Directors,</u><u> </u><u>Officers,</u><u> </u><u>Employees</u><u> </u><u>and</u> <u>Stockholders</u>.

No past, present or future director, officer, employee, incorporator or stockholder of any Issuer, any Guarantor or the Trustee, as such, shall have any liability for any obligations of the Issuers or of the Guarantors under the Notes, this Indenture or the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

SECTION 11.08. <u>Governing</u><u> </u><u>Law;</u><u> </u><u>Waiver</u><u> </u><u>of</u><u> </u><u>Jury</u><u> </u><u>Trial</u>.

THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE AND THE NOTES.

EACH OF THE ISSUERS, THE GUARANTORS AND THE TRUSTEE IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE OR THE TRANSACTIONS CONTEMPLATED HEREBY.

SECTION 11.09. <u>No Adverse Interpretation of Other Agreements</u>.

This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Parent or its Subsidiaries (including the Issuers) or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture.

SECTION 11.10. <u>Successors</u>.

All covenants and agreements of the Issuers in this Indenture and the Notes shall bind their respective successors. All covenants and agreements of the Trustee and the Agents in this Indenture shall bind their respective successors.

SECTION 11.11. <u>Severability</u>.

In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

SECTION 11.12. <u>Counterpart</u> <u>Originals</u>.

The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The words "execution," "signed," "signature," and words of like import in this Indenture or in any other certificate, agreement or document related to this Indenture shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation, "pdf", "tif" or "jpg") and other electronic signatures (including, without limitation, DocuSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial Code.

SECTION 11.13. <u>Table</u><u> </u><u>of</u><u> </u><u>Contents,</u><u> </u><u>Headings,</u> <u>Etc</u>.

The **Table of Contents**, Cross-Reference Table and Headings in this Indenture have been inserted for convenience of reference only, are not to be considered a part of this Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

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SECTION 11.14. <u>Force</u><u> </u><u>Majeure</u>.

In no event shall the Trustee or the Agents be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee and the Agents, as applicable, shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances.

SECTION 11.15. <u>Patriot</u><u> </u><u>Act</u>.

The parties hereto acknowledge that in accordance with Section 326 of the USA Patriot Act the Trustee and the Agents, like all financial institutions and in order to help fight the funding of terrorism and money laundering, are required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account. The parties to this agreement agree that they will provide the Trustee and the Agents with such information as they may request in order to satisfy the requirements of the USA Patriot Act.

SECTION 11.16. <u>Legal</u> <u>Holidays.</u>

If a payment date for the payment of any principal, premium, if any, or interest on any Note or a redemption date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected.

SECTION 11.17. <u>Currency</u> <u>Indemnity.</u>

The U.S. Dollar is the sole currency (the "***Required Currency***") of account and payment for all sums payable by the Issuers or any Guarantor under or in connection with the Notes, this Indenture and the Note Guarantees, including damages. Any amount with respect to the Notes, this Indenture or the Note Guarantees received or recovered in a currency other than the Required Currency, whether as a result of, or the enforcement of, a judgment or order of a court of any jurisdiction, in the winding-up or dissolution of any Issuer or any Guarantor or otherwise by any Holder or by the Trustee or Paying Agent, in respect of any sum expressed to be due to it from the Issuers or any Guarantor will only constitute a discharge to the Issuers or any Guarantor to the extent of the Required Currency amount which the recipient is able to purchase with the amount so received or recovered in that other currency on the date of that receipt or recovery (or, if it is not practicable to make that purchase on that date, on the first date on which it is practicable to do so).

If that Required Currency amount is less than the Required Currency amount expressed to be due to the recipient or the Trustee or Paying Agent under the Notes, the Issuers and each Guarantor will indemnify such recipient and/or the Trustee or Paying Agent against any loss sustained by it as a result. In any event, the Issuers and each Guarantor will indemnify the recipient against the cost of making any such purchase. For the purposes of this currency indemnity provision, it will be prima facie evidence of the matter stated therein, for the Holder of a Note or the Trustee or Paying Agent to certify in a manner satisfactory to the Issuers (indicating the sources of information used) the loss it incurred in making any such purchase. These indemnities constitute a separate and independent obligation from the Issuers' and each Guarantor's other obligations, will give rise to a separate and independent cause of action, will apply irrespective of any waiver granted by any Holder of a Note or the Trustee or Paying Agent (other than a waiver of the indemnities set out herein) and will continue in full force and effect despite any other judgment, order, claim or proof for a liquidated amount in respect of any sum due under any Note or to the Trustee. For the purposes of determining the amount in a currency other than the Required Currency, such amount shall be determined using the exchange rate then in effect.

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SECTION 11.18. <u>Jurisdiction;</u><u> </u><u>Consent</u><u> </u><u>to</u> <u>Service</u><u> </u><u>of</u><u> </u><u>Process</u>.

Each party hereto irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any U.S. federal or New York State court sitting in the Borough of Manhattan, New York, New York in any action or proceeding arising out of or relating to this Indenture, the Note Guarantees or the Notes, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Indenture shall affect any right that the parties hereto may otherwise have to bring any action or proceeding relating to this Indenture against any party hereto or its properties in the courts of any jurisdiction.

Each of Cyprium Luxembourg and each of the Guarantors listed in the signature pages to this Indenture or any supplemental indenture that are not organized under the laws of the United States or a state within, (the "***Non-U.S. Guarantors***") hereby irrevocably designates, appoints and empowers Cyprium Corporation (the "***Process Agent***"), in the case of any suit, action or proceeding brought in the United States of America as its designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect of its property, service of any and all legal process, summons, notices and documents that may be served in any action or proceeding arising out of or in connection with this Indenture. Such service may be made by mailing (by registered or certified mail, postage prepaid) or delivering a copy of such process to Cyprium Luxembourg or Guarantor in care of the Process Agent at 5725 Innovation Drive, Troy, MI 48098, and Cyprium Luxembourg and each of the Non-U.S. Guarantors hereby irrevocably authorizes and directs the Process Agent to accept such service on its behalf. As an alternative method of service, each of Cyprium Luxembourg and each of the Non-U.S. Guarantors irrevocably consents to the service of any and all process in any such action or proceeding by the mailing (by registered or certified mail, postage prepaid) of copies of such process to the Process Agent, Cyprium Luxembourg or any Guarantor at its address specified in Section 11.02.

ARTICLE 12

ESCROW MATTERS

SECTION 12.01. <u>Escrow</u><u> </u><u>Account</u>.

On the Issue Date, the Issuers, the Escrow Agent and the Trustee will enter into the Escrow Agreement, and on the Issue Date, the Issuers will deposit (or cause to be deposited) the gross proceeds of the offering of the Notes sold on the Issue Date into the Escrow Account.

Other than as permitted under the Escrow Agreement, the Issuers will only be entitled to direct the Escrow Agent to release Escrow Property (in which case the Escrow Property will be paid to or as directed by the Issuers) upon delivery to the Escrow Agent and the Trustee, on or prior to the Escrow End Date, of a Release Request certifying that the Escrow Conditions have been met or will be met substantially concurrently with the release of the Escrow Property (or, in the case of the Escrow Condition described under Section 3(b)(i)(B) of the Escrow Agreement, will be met within five Business Days after the Release Date).

SECTION 12.02. <u>Special</u><u> </u><u>Mandatory</u> <u>Redemption</u>.

If a Special Mandatory Redemption of the Notes is to occur pursuant to Section 3.09 hereof due to the occurrence of one of the events specified in clause (i) or (ii) of the definition of "Special Mandatory Redemption Event," the Escrow Agreement provides that the Escrow Agent will cause the liquidation of all Escrow Property then held by it and cause the release of the proceeds of such liquidated Escrow Property to the Trustee in accordance with the terms of the Escrow Agreement. The Trustee shall apply such proceeds to the payment of the Special Mandatory Redemption Price, as set forth in Section 3.09 hereof.

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SECTION 12.03. <u>Release</u><u> </u><u>of</u><u> </u><u>Escrow</u> <u>Property</u>.

Upon receipt by the Escrow Agent of a Release Request certifying that Escrow Conditions have been met or will be met substantially concurrently with the release of the Escrow Property (or, in the case of the Escrow Condition described under Section 3(b)(i)(B) of the Escrow Agreement, will be met within five Business Days after the Release Date), the Escrow Agreement provides that the Escrow Agent will cause the liquidation of all Escrow Property then held by it and cause the release of the proceeds of such liquidated Escrow Property to or on the order of the Issuers on the Release Date in accordance with the terms of the Escrow Agreement.

SECTION 12.04. <u>Trustee Direction to Execute Escrow Agreement</u>.

By their acceptance of the Notes, each Holder is deemed to authorize and direct the Trustee to execute and deliver the Escrow Agreement.

[*Signatures on following page*]

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

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| | |
|:---|:---|
| **ISSUERS:** | **ISSUERS:** |
| CYPRIUM CORPORATION | CYPRIUM CORPORATION |
| By: | /s/ Robert S. Hoeppner |
|  | Name: Robert S. Hoeppner |
|  | Title: Treasurer |
| CYPRIUM HOLDINGS LUXEMBOURG S.À R.L. | CYPRIUM HOLDINGS LUXEMBOURG S.À R.L. |
| By: | /s/ Darren Michael Byrka |
|  | Name: Darren Michael Byrka |
|  | Title: Manager |
| **PARENT:** | **PARENT:** |
| VERSIGENT LIMITED | VERSIGENT LIMITED |
| By: | /s/ Rachel Friedenberg |
|  | Name: Rachel Friedenberg |
|  | Title: Secretary |

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*[Signature Page to Indenture]* 

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| | |
|:---|:---|
| **TRUSTEE:** | **TRUSTEE:** |
| U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee | U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee |
| By: | /s/ David A. Jason |
|  | Name: David A. Jason |
|  | Title: Vice President |

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*[Signature Page to Indenture]* 

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**EXHIBIT A** 

[FORM OF FACE OF NOTE]

[Global Note Legend]

THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE REGISTRAR MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06(h) OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE REGISTRAR FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUERS. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT 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 OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) ("DTC") TO THE ISSUERS OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

[Private Placement Legend]

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE "RESALE RESTRICTION TERMINATION DATE") THAT IS IN THE CASE OF RULE 144A NOTES: ONE YEAR (OR SUCH SHORTER PERIOD THEN REQUIRED UNDER RULE 144 OR ITS SUCCESSOR RULE) OR IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUERS OR ANY AFFILIATE OF THE ISSUERS WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO THE ISSUERS, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUERS' AND THE TRUSTEE'S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.

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[Regulation S Global Note Legend]

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT.

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CUSIP:____________ <br> ISIN: ____________

[RULE 144A][REGULATION S] GLOBAL NOTE

6.125% Senior Notes due 2031

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| | |
|:---|:---|
| No.<u> </u> | $[____________] |

---

CYPRIUM CORPORATION

and

CYPRIUM HOLDINGS LUXEMBOURG S.À R.L.

jointly and severally promise to pay to Cede & Co., or registered assigns, the principal sum of _______________________ DOLLARS on April 15, 2031, as such amount may be changed from time to time pursuant to the Schedule of Exchanges of Interests attached hereto.

Interest Payment Dates: April 15 and October 15

Record Dates: April 1 and October 1

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Dated: _______________, 20__

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| | |
|:---|:---|
| CYPRIUM CORPORATION | CYPRIUM CORPORATION |
| By: |  |
|  | Name: |
|  | Title: |
| CYPRIUM HOLDINGS LUXEMBOURG S.À R.L. | CYPRIUM HOLDINGS LUXEMBOURG S.À R.L. |
| By: |  |
|  | Name: |
|  | Title: |

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| |
|:---|
| This is one of the Notes referred to<br> in the within-mentioned Indenture: |
| U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION,<br> as Trustee |

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| | |
|:---|:---|
| By: |  |
|  | Authorized Signatory |
| Dated:____________ | Dated:____________ |

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[FORM OF REVERSE SIDE OF NOTE]

6.125% Senior Note due 2031

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. INTEREST. Cyprium Corporation ("***Cyprium Corp.***") and Cyprium Holdings Luxembourg S.à r.l. ("***Cyprium Luxembourg***" and, together with Cyprium Corp., the "***Issuers***"), jointly and severally promise to pay interest on the principal amount of this Note at a rate per annum of 6.125% from March 18, 2026 until maturity or earlier redemption or repayment of the Note. The Issuers will pay interest on this Note semiannually in arrears on April 15 and October 15 of each year, commencing on October 15, 2026, or, if any such day is not a Business Day, on the next succeeding Business Day (each, an "***Interest Payment Date***"). The Issuers will make each interest payment to the Holder of record of this Note on the immediately preceding April 1 and October 1 (each, a "***Regular Record Date***"). Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including March 18, 2026. The Issuers will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the rate borne by this Note; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the rate borne by this Note. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. METHOD OF PAYMENT. The Issuers will pay interest on this Note to the Person who is the registered Holder of this Note at the close of business on the Regular Record Date (whether or not a Business Day) next preceding the Interest Payment Date, even if this Note is cancelled after such Regular Record Date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. Payment of interest may be made by check mailed to the Holders at their addresses set forth in the Note Register of Holders, *provided* that (a) all payments of principal, premium, if any, and interest on, Notes represented by Global Notes registered in the name of or held by DTC or its nominee will be made by wire transfer of immediately available funds to the accounts specified by the Holder or Holders thereof and (b) all payments of principal, premium, if any, and interest with respect to certificated Notes will be made by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such other date as the Trustee or the Paying Agent may accept in its discretion). Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. AUTHENTICATING AGENT, PAYING AGENT AND REGISTRAR. Initially, U.S. Bank Trust Company, National Association, as Trustee, will act as Paying Agent and Registrar. The Issuers may change any Authenticating Agent, Paying Agent or Registrar without notice to the Holders. The Parent or any of its Subsidiaries may act in any such capacity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. INDENTURE. The Issuers issued the Notes under an Indenture, dated as of March 18, 2026 (the "***Indenture***"), among the Issuers, the Guarantors party thereto, U.S. Bank Trust Company, National Association, as trustee (the "***Trustee***"), paying agent and registrar. The Issuers shall be entitled to issue Additional Notes of this series pursuant to Section 2.14 of the Indenture. The terms of the Notes of this series include those stated in the Indenture applicable to this series of Notes. The Notes of this series are subject to all such terms, and Holders are referred to the Indenture for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture applicable to this series of Notes, the provisions of the Indenture shall govern and be controlling.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. OPTIONAL REDEMPTION.

The Notes are redeemable at the option of the Issuers at the prices, and upon the terms and conditions, set forth in Section 3.07 of the Indenture. Any redemption pursuant to this Section 5 shall be made pursuant to the provisions of Sections 3.01 through 3.06 of the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. OFFERS TO REPURCHASE.

Upon the occurrence of a Change of Control Triggering Event, the Issuers shall make a Change of Control Offer in accordance with Section 4.11 of the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. TAX REDEMPTION. The Issuers may redeem the Notes as a whole but not in part, at its option at any time prior to maturity, upon the giving of a notice of redemption to the holders, if it determines that certain tax law changes have occurred as described in the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. MANDATORY REDEMPTION. Except as set forth in Section 3.09 of the Indenture, the Issuers shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. NOTICE OF REDEMPTION. At least 10 days but not more than 60 days before a Redemption Date, the Issuers shall mail or cause to be mailed, by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address. Any redemption and notice thereof may, in the Issuers' discretion, be subject to the satisfaction of one or more conditions precedent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in minimum denominations of $2,000 and any integral multiple of $1,000 in excess of $2,000. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Issuers may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Registrar shall not be required to register the transfer of or exchange of (a) any Note selected for redemption in whole or in part pursuant to Article 3 of the Indenture, except the unredeemed portion of any Note being redeemed in part, or (b) any Note for a period beginning 15 days before the mailing of a notice of an offer to repurchase or redeem Notes or 15 days before an Interest Payment Date (whether or not an Interest Payment Date or other date determined for the payment of interest), and ending on such mailing date or Interest Payment Date, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated as its owner for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture, the Note Guarantees or the Notes may be amended or supplemented as provided in the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. DEFAULTS AND REMEDIES. The Events of Default relating to the Notes are defined in Section 6.01 of the Indenture. If any Event of Default (other than an Event of Default arising from certain events of bankruptcy or insolvency) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes of all affected series may declare the principal of and accrued but unpaid interest on all the Notes of all affected series to be due and payable immediately by notice in writing to the Issuers and the Trustee (if given by the Holders) specifying the respective Event of Default and that it is a "notice of acceleration", and the same shall become immediately due and payable. If an Event of Default arising from certain events of bankruptcy or insolvency occurs and is continuing, then all unpaid principal of, and premium, if any, and accrued and unpaid interest on all the outstanding Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. Holders may not enforce the Indenture, the Notes or the Note Guarantees except as provided in the Indenture. Subject to certain limitations, Holders of a majority in aggregate principal amount of the then outstanding Notes of all affected series may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of the Notes notice of any continuing Default (except a Default relating to the payment of principal, premium, if any, or interest) if it determines that withholding notice is in their interest. The Holders of a majority in aggregate principal amount of

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the Notes then outstanding of all affected series (voting as a single class) by notice to the Trustee may on behalf of the Holders of all of the Notes waive any existing Default or and its consequences under the Indenture except a continuing Default in payment of the principal of, premium, if any, or interest on, any of the Notes held by a non-consenting Holder. The Issuers are required to deliver to the Trustee annually a statement regarding compliance with the Indenture, and the Issuers are required within 30 Business Days after becoming aware of any Default, to deliver to the Trustee a statement specifying such Default and what action the Issuers propose to take with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. AUTHENTICATION. This Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose until authenticated by the manual signature of the Trustee or Authenticating Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. GOVERNING LAW. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THE NOTES AND THE NOTE GUARANTEES.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. CUSIP AND ISIN NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuers have caused CUSIP and ISIN numbers to be printed on the Notes and the Trustee or Registrar may use CUSIP and ISIN numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon.

The Issuers will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to the Issuers at the following address:

Cyprium Corporation and Cyprium Holdings Luxembourg S.à r.l.

c/o Versigent Limited

Spitalstrasse 5

8200 Schaffhausen, Switzerland

Attention: [\*\*\*]

Tel: [\*\*\*]

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ASSIGNMENT FORM

To assign this Note, fill in the form below:

(I) or (we) assign and transfer this Note to: (Insert assignee's legal name)

(Insert assignee's soc. sec. or tax I.D. no.)

(Print or type assignee's name, address and zip code)

and irrevocably appoint to transfer this Note on the books of the Issuers. The agent may substitute another to act for him.

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| | | |
|:---|:---|:---|
| Date:<u> </u> |  |  |
|  | Your Signature: |  |
|  |  | (Sign exactly as your name appears |
|  |  | on the face of this Note) |

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Signature Guarantee\*:

\* Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

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OPTION OF HOLDER TO ELECT PURCHASE

If you want to elect to have this Note purchased by the Issuers pursuant to Section 4.11 of the Indenture, check the box below:

[ ] Section 4.11

If you want to elect to have only part of this Note purchased by the Issuers pursuant to Section 4.11 of the Indenture, state the amount you elect to have purchased:

$

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| | | |
|:---|:---|:---|
| Date:<u> </u> |  |  |
|  | Your Signature: |  |
|  |  | (Sign exactly as your name appears |
|  |  | on the face of this Note) |
|  | Tax Identification No.:  | Tax Identification No.:  |

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Signature Guarantee\*:

\* Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

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SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE\*

The initial outstanding principal amount of this Global Note is $___________. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Certificated Note, or exchanges of a part of another Global or Certificated Note for an interest in this Global Note, have been made:

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| | | | | |
|:---|:---|:---|:---|:---|
| Date of Exchange | Amount of<br> decrease in<br> Principal<br> Amount of this Global<br> Note | Amount of<br>increase in<br>Principal<br>Amount of this<br>Global Note | Principal<br>Amount of this<br>Global Note<br>following such<br>decrease or<br>increase | Signature of<br>authorized<br>officer of Trustee<br>or Custodian |

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\* This schedule should be included only if the Note is issued in global form.

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**EXHIBIT B** 

[FORM OF FACE OF NOTE]

[Global Note Legend]

THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE REGISTRAR MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06(h) OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE REGISTRAR FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUERS. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT 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 OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) ("DTC") TO THE ISSUERS OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

[Private Placement Legend]

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE "RESALE RESTRICTION TERMINATION DATE") THAT IS IN THE CASE OF

RULE 144A NOTES: ONE YEAR (OR SUCH SHORTER PERIOD THEN REQUIRED UNDER RULE 144 OR ITS SUCCESSOR RULE) OR IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUERS OR ANY AFFILIATE OF THE ISSUERS WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO THE ISSUERS, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUERS' AND THE TRUSTEE'S RIGHT PRIOR TO ANY SUCH

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OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.

[Regulation S Global Note Legend]

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT.

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CUSIP:____________ <br> ISIN: ____________

[RULE 144A][REGULATION S] GLOBAL NOTE

6.375% Senior Notes due 2034

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| | |
|:---|:---|
| No.<u> </u> | $[____________] |

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CYPRIUM CORPORATION

and

CYPRIUM HOLDINGS LUXEMBOURG S.À R.L.

jointly and severally promise to pay to Cede & Co., or registered assigns, the principal sum of _______________________ DOLLARS on April 15, 2034, as such amount may be changed from time to time pursuant to the Schedule of Exchanges of Interests attached hereto.

Interest Payment Dates: April 15 and October 15

Record Dates: April 1 and October 1

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Dated: _______________, 20__

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| | |
|:---|:---|
| CYPRIUM CORPORATION | CYPRIUM CORPORATION |
| By: |  |
|  | Name: |
|  | Title: |
| CYPRIUM HOLDINGS LUXEMBOURG S.À R.L. | CYPRIUM HOLDINGS LUXEMBOURG S.À R.L. |
| By: |  |
|  | Name: |
|  | Title: |

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| |
|:---|
| This is one of the Notes referred to<br> in the within-mentioned Indenture: |
| U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION,<br> as Trustee |

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| | |
|:---|:---|
| By: |  |
|  | Authorized Signatory |
| Dated:____________ | Dated:____________ |

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[FORM OF REVERSE SIDE OF NOTE]

6.375% Senior Note due 2034

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. INTEREST. Cyprium Corporation ("***Cyprium Corp.***") and Cyprium Holdings Luxembourg S.à r.l. ("***Cyprium Luxembourg***" and, together with Cyprium Corp., the "***Issuers***"), jointly and severally promise to pay interest on the principal amount of this Note at a rate per annum of 6.375% from March 18, 2026 until maturity or earlier redemption or repayment of the Note. The Issuers will pay interest on this Note semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2026, or, if any such day is not a Business Day, on the next succeeding Business Day (each, an "***Interest Payment Date***"). The Issuers will make each interest payment to the Holder of record of this Note on the immediately preceding April 1 and October 1 (each, a "***Regular Record Date***"). Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including March 18, 2026. The Issuers will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the rate borne by this Note; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the rate borne by this Note. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. METHOD OF PAYMENT. The Issuers will pay interest on this Note to the Person who is the registered Holder of this Note at the close of business on the Regular Record Date (whether or not a Business Day) next preceding the Interest Payment Date, even if this Note is cancelled after such Regular Record Date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. Payment of interest may be made by check mailed to the Holders at their addresses set forth in the Note Register of Holders, *provided* that (a) all payments of principal, premium, if any, and interest on, Notes represented by Global Notes registered in the name of or held by DTC or its nominee will be made by wire transfer of immediately available funds to the accounts specified by the Holder or Holders thereof and (b) all payments of principal, premium, if any, and interest with respect to certificated Notes will be made by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such other date as the Trustee or the Paying Agent may accept in its discretion). Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. AUTHENTICATING AGENT, PAYING AGENT AND REGISTRAR. Initially, U.S. Bank Trust Company, National Association, as Trustee, will act as Paying Agent and Registrar. The Issuers may change any Authenticating Agent, Paying Agent or Registrar without notice to the Holders. The Parent or any of its Subsidiaries may act in any such capacity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. INDENTURE. The Issuers issued the Notes under an Indenture, dated as of March 18, 2026 (the "***Indenture***"), among the Issuers, the Guarantors party thereto, U.S. Bank Trust Company, National Association, as trustee (the "***Trustee***"), paying agent and registrar. The Issuers shall be entitled to issue Additional Notes of this series pursuant to Section 2.14 of the Indenture. The terms of the Notes of this series include those stated in the Indenture applicable to this series of Notes. The Notes of this series are subject to all such terms, and Holders are referred to the Indenture for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture applicable to this series of Notes, the provisions of the Indenture shall govern and be controlling.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. OPTIONAL REDEMPTION.

The Notes are redeemable at the option of the Issuers at the prices, and upon the terms and conditions, set forth in Section 3.07 of the Indenture. Any redemption pursuant to this Section 5 shall be made pursuant to the provisions of Sections 3.01 through 3.06 of the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. OFFERS TO REPURCHASE.

Upon the occurrence of a Change of Control Triggering Event, the Issuers shall make a Change of Control Offer in accordance with Section 4.11 of the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. TAX REDEMPTION. The Issuers may redeem the Notes as a whole but not in part, at its option at any time prior to maturity, upon the giving of a notice of redemption to the holders, if it determines that certain tax law changes have occurred as described in the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. MANDATORY REDEMPTION. Except as set forth in Section 3.09 of the Indenture, the Issuers shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. NOTICE OF REDEMPTION. At least 10 days but not more than 60 days before a Redemption Date, the Issuers shall mail or cause to be mailed, by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address. Any redemption and notice thereof may, in the Issuers' discretion, be subject to the satisfaction of one or more conditions precedent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in minimum denominations of $2,000 and any integral multiple of $1,000 in excess of $2,000. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Issuers may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Registrar shall not be required to register the transfer of or exchange of (a) any Note selected for redemption in whole or in part pursuant to Article 3 of the Indenture, except the unredeemed portion of any Note being redeemed in part, or (b) any Note for a period beginning 15 days before the mailing of a notice of an offer to repurchase or redeem Notes or 15 days before an Interest Payment Date (whether or not an Interest Payment Date or other date determined for the payment of interest), and ending on such mailing date or Interest Payment Date, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated as its owner for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture, the Note Guarantees or the Notes may be amended or supplemented as provided in the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. DEFAULTS AND REMEDIES. The Events of Default relating to the Notes are defined in Section 6.01 of the Indenture. If any Event of Default (other than an Event of Default arising from certain events of bankruptcy or insolvency) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes of all affected series may declare the principal of and accrued but unpaid interest on all the Notes of all affected series to be due and payable immediately by notice in writing to the Issuers and the Trustee (if given by the Holders) specifying the respective Event of Default and that it is a "notice of acceleration", and the same shall become immediately due and payable. If an Event of Default arising from certain events of bankruptcy or insolvency occurs and is continuing, then all unpaid principal of, and premium, if any, and accrued and unpaid interest on all the outstanding Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. Holders may not enforce the Indenture, the Notes or the Note Guarantees except as provided in the Indenture. Subject to certain limitations, Holders of a majority in aggregate principal amount of the then outstanding Notes of all affected series may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of the Notes notice of any continuing Default (except a Default relating to the payment of principal, premium, if any, or interest) if it determines that withholding notice is in their interest. The Holders of a majority in aggregate principal amount of

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the Notes then outstanding of all affected series (voting as a single class) by notice to the Trustee may on behalf of the Holders of all of the Notes waive any existing Default or and its consequences under the Indenture except a continuing Default in payment of the principal of, premium, if any, or interest on, any of the Notes held by a non-consenting Holder. The Issuers are required to deliver to the Trustee annually a statement regarding compliance with the Indenture, and the Issuers are required within 30 Business Days after becoming aware of any Default, to deliver to the Trustee a statement specifying such Default and what action the Issuers propose to take with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. AUTHENTICATION. This Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose until authenticated by the manual signature of the Trustee or Authenticating Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. GOVERNING LAW. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THE NOTES AND THE NOTE GUARANTEES.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. CUSIP AND ISIN NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuers have caused CUSIP and ISIN numbers to be printed on the Notes and the Trustee or Registrar may use CUSIP and ISIN numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon.

The Issuers will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to the Issuers at the following address:

Cyprium Corporation and Cyprium Holdings Luxembourg S.à r.l.

c/o Versigent Limited

Spitalstrasse 5

8200 Schaffhausen, Switzerland

Attention: [\*\*\*]

Tel: [\*\*\*]

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ASSIGNMENT FORM

To assign this Note, fill in the form below:

(I) or (we) assign and transfer this Note to: <br> (Insert assignee's legal name)

(Insert assignee's soc. sec. or tax I.D. no.)

(Print or type assignee's name, address and zip code)

and irrevocably appoint

to transfer this Note on the books of the Issuers. The agent may substitute another to act for him.

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| | | |
|:---|:---|:---|
| Date: |  |  |
|  | Your Signature: |  |
|  |  | (Sign exactly as your name appears on the face of this Note) |

---

Signature Guarantee\*:

\* Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

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OPTION OF HOLDER TO ELECT PURCHASE

If you want to elect to have this Note purchased by the Issuers pursuant to Section 4.11 of the Indenture, check the box below:

[ ] Section 4.11

If you want to elect to have only part of this Note purchased by the Issuers pursuant to Section 4.11 of the Indenture, state the amount you elect to have purchased:

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| | | |
|:---|:---|:---|
|  | $|  |
| Date: |  |  |
|  | Your Signature: |  |
|  |  | (Sign exactly as your name appears on the face of this Note) |
|  | Tax Identification No.: | Tax Identification No.: |

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Signature Guarantee\*:

\* Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

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SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE\*

The initial outstanding principal amount of this Global Note is $___________. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Certificated Note, or exchanges of a part of another Global or Certificated Note for an interest in this Global Note, have been made:

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| | | | | |
|:---|:---|:---|:---|:---|
| Date of Exchange | Amount of decrease in Principal<br>Amount of this Global Note | Amount of increase in Principal<br>Amount of this Global Note | Principal Amount of this<br>Global Note following such<br>decrease or increase | Signature of authorized<br>officer of Trustee or<br>Custodian |

---

\* This schedule should be included only if the Note is issued in global form.

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**EXHIBIT C** 

FORM OF CERTIFICATE OF TRANSFER

Cyprium Corporation and Cyprium Holdings Luxembourg S.à r.l.

c/o Versigent Limited

Spitalstrasse 5

8200 Schaffhausen, Switzerland

Attention: Darren Byrka

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| | |
|:---|:---|
| Re: | [6.125%][6.375%] Senior Notes due [2031][2034]  |

---

Reference is hereby made to the Indenture, dated as of March 18, 2026 (the "***Indenture***"), among Cyprium Corporation, Cyprium Holdings Luxembourg S.à r.l., the Guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee (the "***Trustee***"). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture.

____________________ (the "***Transferor***") owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $_______________ in such Note[s] or interests (the "***Transfer***"), to<u> </u> (the "***Transferee***"), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that:

[CHECK ALL THAT APPLY]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. ☐ CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE RELEVANT 144A GLOBAL NOTE OR RELEVANT CERTIFICATED NOTE PURSUANT TO RULE 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the "***Securities Act***"), and, accordingly, the Transferor hereby further certifies that the beneficial interest or Certificated Note is being transferred to a Person that the Transferor reasonably believes is purchasing the beneficial interest or Certificated Note for its own account, or for one or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a "qualified institutional buyer" within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and such Transfer is in compliance with any applicable blue sky securities laws of any state of the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. ☐ CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE RELEVANT REGULATION S GLOBAL NOTE OR RELEVANT CERTIFICATED NOTE PURSUANT TO REGULATION S. The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a person in the United States and (x) at the time the buy order was originated, the Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the proposed transfer is being made prior to the expiration of the applicable Restricted Period, the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser). Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Certificated Note will be subject to the restrictions on Transfer enumerated in the Indenture and the Securities Act.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. ☐ CHECK AND COMPLETE IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE RELEVANT CERTIFICATED NOTE PURSUANT TO ANY PROVISION OF THE SECURITIES ACT OTHER THAN RULE 144A OR REGULATION S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial interests in Restricted Global Notes and Restricted Certificated Notes and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby further certifies that (check one):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ such Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ such Transfer is being effected to the Issuers or a subsidiary thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. ☐ CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE OR OF AN UNRESTRICTED CERTIFICATED NOTE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ CHECK IF TRANSFER IS PURSUANT TO RULE 144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Certificated Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Certificated Notes and in the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ CHECK IF TRANSFER IS PURSUANT TO REGULATION S. (i) The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Certificated Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Certificated Notes and in the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ☐ CHECK IF TRANSFER IS PURSUANT TO OTHER EXEMPTION. (i) The Transfer is being effected pursuant to and in compliance with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Certificated Note will not be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes or Restricted Certificated Notes and in the Indenture.

This certificate and the statements contained herein are made for your benefit and the benefit of the Issuers.

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| | |
|:---|:---|
|  [Insert Name of Transferor] | [Insert Name of Transferor] |
|  By:  |  |
|  | Name: |
|  | Title: |

---

Dated:<u> </u>

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ANNEX A TO CERTIFICATE OF TRANSFER

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Transferor owns and proposes to transfer the following:

[CHECK ONE OF (a) OR (b)]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ a beneficial interest in the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) ☐ 144A Global Note ([CUSIP: 23292N AA6][CUSIP: 23292N AB4]), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) ☐ Regulation S Global Note ([CUSIP: U23325 AA8][CUSIP: U23325 AB6]), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ a Restricted Certificated Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. After the Transfer the Transferee will hold:

[CHECK ONE]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ a beneficial interest in the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) ☐ 144A Global Note ([CUSIP: 23292N AA6][CUSIP: 23292N AB4]), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) ☐ Regulation S Global Note ([CUSIP: U23325 AA8][CUSIP: U23325 AB6])or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) ☐ Unrestricted Global Note ([ ] [ ]); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ☐ a Restricted Certificated Note; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ☐ an Unrestricted Certificated Note, in accordance with the terms of the Indenture.

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**EXHIBIT D** 

FORM OF CERTIFICATE OF EXCHANGE

Cyprium Corporation and Cyprium Holdings Luxembourg S.à r.l.

c/o Versigent Limited

Spitalstrasse 5

8200 Schaffhausen, Switzerland

Attention: Darren Byrka

---

| | |
|:---|:---|
| Re: | [6.125%][6.375%] Senior Notes due [2031][2034]  |

---

Reference is hereby made to the Indenture, dated as of March 18, 2026 (the "***Indenture***"), among Cyprium Corporation, Cyprium Holdings Luxembourg S.à r.l., the Guarantors party thereto and U.S. Bank Trust, Company National Association, as trustee (the "***Trustee***"). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture.

________________ (the "***Owner***") owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of $__________in such Note[s] or interests (the "***Exchange***"). In connection with the Exchange, the Owner hereby certifies that:

1) EXCHANGE OF RESTRICTED CERTIFICATED NOTES OR BENEFICIAL INTERESTS IN A RESTRICTED GLOBAL NOTE FOR UNRESTRICTED CERTIFICATED NOTES OR BENEFICIAL INTERESTS IN AN UNRESTRICTED GLOBAL NOTE OF THE SAME SERIES

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) [ ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE TO BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE OF THE SAME SERIES. In connection with the Exchange of the Owner's beneficial interest in a Restricted Global Note for a beneficial interest in an Unrestricted Global Note of the same series in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner's own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the United States Securities Act of 1933, as amended (the "***Securities Act***"), (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) [ ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE TO UNRESTRICTED CERTIFICATED NOTE OF THE SAME SERIES. In connection with the Exchange of the Owner's beneficial interest in a Restricted Global Note for an Unrestricted Certificated Note of the same series, the Owner hereby certifies (i) the Certificated Note is being acquired for the Owner's own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Certificated Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) [ ] CHECK IF EXCHANGE IS FROM RESTRICTED CERTIFICATED NOTE TO BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE OF THE SAME SERIES. In connection with the Owner's Exchange of a Restricted Certificated Note for a beneficial interest in an Unrestricted Global Note of the same series, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner's own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Certificated Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is being acquired in compliance with any applicable blue sky securities laws of any state of the United States.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) [ ] CHECK IF EXCHANGE IS FROM RESTRICTED CERTIFICATED NOTE TO UNRESTRICTED CERTIFICATED NOTE OF THE SAME SERIES. In connection with the Owner's Exchange of a Restricted Certificated Note for an Unrestricted Certificated Note of the same series, the Owner hereby certifies (i) the Unrestricted Certificated Note is being acquired for the Owner's own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Certificated Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Certificated Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States.

2) EXCHANGE OF RESTRICTED CERTIFICATED NOTES OR BENEFICIAL INTERESTS IN RESTRICTED GLOBAL NOTES FOR RESTRICTED CERTIFICATED NOTES OF THE SAME SERIES OR BENEFICIAL INTERESTS IN RESTRICTED GLOBAL NOTES OF THE SAME SERIES

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) [ ] CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE TO RESTRICTED CERTIFICATED NOTE OF THE SAME SERIES. In connection with the Exchange of the Owner's beneficial interest in a Restricted Global Note for a Restricted Certificated Note of the same series with an equal principal amount, the Owner hereby certifies that the Restricted Certificated Note is being acquired for the Owner's own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the Restricted Certificated Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Certificated Note and in the Indenture and the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) [ ] CHECK IF EXCHANGE IS FROM RESTRICTED CERTIFICATED NOTE TO BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE OF THE SAME SERIES. In connection with the Exchange of the Owner's Restricted Certificated Note for a beneficial interest in the [CHECK ONE] [ ] 144A Global Note [ ] Regulation S Global Note of the same series, with an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner's own account without transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, and in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act.

This certificate and the statements contained herein are made for your benefit and the benefit of the Issuers and are dated

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| | |
|:---|:---|
| [Insert Name of Transferor] | [Insert Name of Transferor] |
| By: |  |
|  | Name: |
|  | Title: |

---

Dated:<u> </u>

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**EXHIBIT E** 

FORM OF SUPPLEMENTAL INDENTURE TO BE DELIVERED BY SUBSEQUENT GUARANTORS

Supplemental Indenture (this "***Supplemental Indenture***"), dated as of ______________, among ________________________ (the "***Guaranteeing Party***") and U.S. Bank Trust Company, National Association, as trustee (the "***Trustee***").

W I T N E S S E T H

WHEREAS, Cyprium Corporation, a Delaware corporation ("***Cyprium Corp***"), and Cyprium Holdings Luxembourg S.à r.l., a Luxembourg private limited liability company (*société à responsabilité limitée*) incorporated under the laws of the Grand Duchy of Luxembourg ("***Cyprium Luxembourg***" and, together with Cyprium Corp., the "***Issuers***"), have heretofore executed and delivered to the Trustee that certain Indenture (the "***Indenture***"), dated as of March 18, 2026, providing for the issuance of an unlimited aggregate principal amount of 6.125% Senior Notes due 2031 (the "***2031 Notes***") and 6.375% Senior Notes due 2034 (the "***2034 Notes***" and, together with the 2031 Notes, the "***Notes***");

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Party shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Party shall fully and unconditionally guarantee all of the Issuers' obligations under the Notes and the Indenture, jointly and severally with each other Guarantor, on the terms and conditions set forth herein and under the Indenture (the "***Note Guarantee***"); and

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of Holders.

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Agreement to Guarantee. The Guaranteeing Party hereby agrees , as primary obligor and not merely as surety, to fully, unconditionally and irrevocably guarantee on a senior unsecured basis, jointly and severally, to each Holder and to the Trustee and its successors and assigns (a) the full and punctual payment of principal of and interest on the Notes when due, whether at Stated Maturity, by acceleration or otherwise, and all other monetary obligations of the Issuers under this Indenture and the Notes and (b) the full and punctual performance within applicable grace periods of all other obligations of the Issuers under this Indenture and the Notes (all such obligations set forth in clauses (a) and (b) above being hereinafter collectively called the "***Guaranteed Obligations***") on the terms and subject to the conditions set forth in the Indenture, including, but not limited to Article 10 thereof. Such Note Guarantee shall remain in full force and effect until payment in full of all Guaranteed Obligations. The Guaranteeing Party further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from Guaranteeing Party and that Guaranteeing Party will remain bound under Article 10 of the Indenture notwithstanding any extension or renewal of any Guaranteed Obligation.

[To include any local law limitations on the Note Guarantee in accordance with the Agreed Guarantee Principles.]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) No Recourse Against Others. No director, officer, employee, incorporator or stockholder of the Guaranteeing Party shall have any liability for any obligations of the Issuers or the Guarantors (including the Guaranteeing Party) under the Notes, any Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting Notes waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The words

"execution," "signed," "signature," and words of like import in this Supplemental Indenture shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation, "pdf", "tif" or "jpg") and other electronic signatures (including, without limitation, DocuSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) Effect of Headings. The section headings herein are for convenience only and shall not affect the construction hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Party.

[*Signature page follows*]

------

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.

---

| | |
|:---|:---|
| [GUARANTEEING PARTY] | [GUARANTEEING PARTY] |
| By: |  |
|  | Name: |
|  | Title: |

---

---

| | |
|:---|:---|
| U.S. BANK TRUST COMPANY, NATIONAL | U.S. BANK TRUST COMPANY, NATIONAL |
| ASSOCIATION, as Trustee | ASSOCIATION, as Trustee |
| By: |  |
|  | Name: |
|  | Title: |

---

## Exhibit 4.2

**Exhibit 4.2** 

**EXECUTION VERSION** 

**FIRST SUPPLEMENTAL INDENTURE** 

First Supplemental Indenture (this "***Supplemental Indenture***"), dated as of March 30, 2026, among the guaranteeing parties listed on the signature pages hereto (each, a "***Guaranteeing Party***" and collectively, the "***Guaranteeing Parties***") and U.S. Bank Trust Company, National Association, as trustee (the "***Trustee***").

W I T N E S S E T H

WHEREAS, Cyprium Corporation, a Delaware corporation ("***Cyprium Corp***"), and Cyprium Holdings Luxembourg S.à r.l., a Luxembourg private limited liability company (*société à responsabilité limitée*) incorporated under the laws of the Grand Duchy of Luxembourg ("***Cyprium Luxembourg***" and, together with Cyprium Corp., the "***Issuers***"), have heretofore executed and delivered to the Trustee that certain Indenture (the "***Indenture***"), dated as of March 18, 2026, providing for the issuance of an unlimited aggregate principal amount of 6.125% Senior Notes due 2031 (the "***2031 Notes***") and 6.375% Senior Notes due 2034 (the "***2034 Notes***" and, together with the 2031 Notes, the "***Notes***");

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Parties shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Parties shall fully and unconditionally guarantee all of the Issuers' obligations under the Notes and the Indenture, jointly and severally with each other Guarantor, on the terms and conditions set forth herein and under the Indenture (the "***Note Guarantee***"); and

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of Holders.

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) <u>Capitalized Terms</u>. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) <u>Agreement to Guarantee</u>. Each Guaranteeing Party hereby agrees, as primary obligor and not merely as surety, to fully, unconditionally and irrevocably guarantee on a senior unsecured basis, jointly and severally, to each Holder and to the Trustee and its successors and assigns (a) the full and punctual payment of principal of and interest on the Notes when due, whether at Stated Maturity, by acceleration or otherwise, and all other monetary obligations of the Issuers under the Indenture and the Notes and (b) the full and punctual performance within applicable grace periods of all other obligations of the Issuers under the Indenture and the Notes (all such obligations set forth in clauses (a) and (b) above being hereinafter collectively called the "***Guaranteed Obligations***") on the terms and subject to the conditions set forth in the Indenture, including, but not limited to Article 10 thereof. Such Note Guarantee shall remain in full force and effect until payment in full of all Guaranteed Obligations. Each Guaranteeing Party further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from such Guaranteeing Party and that such Guaranteeing Party will remain bound under Article 10 of the Indenture notwithstanding any extension or renewal of any Guaranteed Obligation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) <u>Limitations Applicable to Swiss Guarantors</u>. The following provisions shall apply in the case of any Guaranteeing Party organized or incorporated in Switzerland (a "***Swiss Guarantor***"):

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If and to the extent that any obligation of a Swiss Guarantor (including its Note Guarantee and indemnity and subordination obligations) under this Supplemental Indenture or the Indenture are for the benefit of its direct or indirect Affiliates (other than its direct or indirect wholly-owned Subsidiaries) and that complying with such obligations would constitute a repayment of capital (*Einlagerückgewähr*), a violation of the legally protected reserves (*gesetzlich geschützte Reserven*), the payment of a (constructive) dividend (*Gewinnausschüttung*) or the repayment of statutory capital reserves (*Rückzahlung von gesetzlichen Kapitalreserven*) by such Swiss Guarantor or would otherwise be restricted under Swiss corporate law then applicable to such Swiss Guarantor (the "***Restricted Obligations***"), the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The aggregate liability of a Swiss Guarantor for Restricted Obligations under its Note Guarantee, this Supplemental Indenture and the Indenture shall be limited to the extent and in the maximum amount of its freely disposable equity (*frei verfügbares Eigenkapital*) at the point in time such Swiss Guarantor's obligations fall due (including, without limitation, any statutory reserves which can be transferred into unrestricted, distributable reserves) (the "***Available Swiss Amount***"), *provided* that this is a requirement under applicable law and practice at that time; and *provided further* that such limitation (as may apply from time to time or not) shall not (generally or definitively) release such Swiss Guarantor from performing Restricted Obligations in excess thereof, but merely postpone the performance date therefor until such times as performance is again permitted notwithstanding such limitation. The Available Swiss Amount shall be determined in accordance with Swiss law and applicable Swiss accounting principles, and, if and to the extent required by applicable Swiss law, shall be confirmed by the auditors of the relevant Swiss Guarantor on the basis of an audited interim balance sheet as of that time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In respect of Restricted Obligations, the relevant Swiss Guarantor shall (and, with respect to sub-paragraph (d) below, each obligor shall), as concerns the payment under any guarantee or indemnity assumed by the relevant Swiss Guarantor under this Supplemental Indenture in case the Swiss Guarantor is obliged to pay Swiss Withholding Tax in relation thereto by applicable law (including tax treaties) in force at the relevant time:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) use best efforts to procure that such payment can be made to discharge Restricted Obligations without deduction
of Swiss Withholding Tax by discharging the liability to Swiss Withholding Tax by notification pursuant to applicable law (including tax treaties) rather than payment of Swiss Withholding Tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the notification procedure pursuant to sub-paragraph (a) above
does not apply, deduct Swiss Withholding Tax at such rate (currently 35% at the date of this Supplemental Indenture) as is in force from time to time from any such payment or enforcement proceeds used to discharge Restricted Obligations, and pay,
without delay, any such Swiss Withholding Tax deducted to the Swiss Federal Tax Administration;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) notify the Trustee that such notification or, as the case may be, deduction has been made, and provide the
Trustee with evidence that such a notification of the Swiss Federal Tax Administration has been made or such Swiss Withholding Tax deducted has been paid to the Swiss Federal Tax Administration, as the case may be; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) in the case of a deduction of Swiss Withholding Tax use its best efforts to ensure that it or any person, which
is entitled to a full or partial refund of Swiss Withholding Tax deducted from such payment, will, as soon as possible after such deduction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) request a refund of Swiss Withholding Tax under applicable law (including tax treaties); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) pay to the Trustee upon receipt any amount so refunded.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) If the enforcement of the obligations of a Swiss Guarantor under its Note Guarantee, this Supplemental Indenture or the Indenture would be limited due to the effects set out in this Section 3, such Swiss Guarantor shall further, to the extent permitted by applicable law and Swiss accounting standards and upon request by the Trustee, (A) write up or sell any of its assets that are shown in its balance sheet with a book value that is significantly lower than the market value of the assets, in case of sale, however, only if such assets are not necessary for such Swiss Guarantor's business (*nicht betriebsnotwendig*) and/or (B) reduce its share capital to the minimum allowed under then applicable law and/or (C) revaluate any hidden reserves (to the extent permitted by Swiss law), *provided* that such actions are permitted under the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Immediately after having been requested to perform Restricted Obligations under its Note Guarantee, this Supplemental Indenture or the Indenture, a Swiss Guarantor shall, and any parent company of such Swiss Guarantor shall procure that such Swiss Guarantor will:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) if and to the extent requested by the Trustee or required under then applicable Swiss law, provide the Trustee, promptly, with (i) an interim up-to-date balance sheet audited by its statutory auditors, (ii) the determination by the statutory auditors of the Available Swiss Amount based on such interim audited balance sheet and (iii) a confirmation from the statutory auditors of such Swiss Guarantor that the Available Swiss Amount complies with the provisions of Swiss corporate law which are aimed at protecting the share capital and legal reserves;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) take such further corporate and other action which may be necessary as a matter of Swiss law at the time of the enforcement of the obligations under its Note Guarantee, this Supplemental Indenture or the Indenture (such as board and shareholder approvals and the receipt of any confirmations from its statutory auditors) in order to approve and allow a prompt payment under such Note Guarantee, this Supplemental Indenture or the Indenture

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) immediately after confirming the Available Swiss Amount in accordance with clause (A) above, procure that any amounts received or collected by the Trustee under and in connection with Restricted Obligations under its Note Guarantee, this Supplemental Indenture or the Indenture in excess of the Available Swiss Amount shall be retransferred to it as soon as possible and, if not already done so, be paid up to the Available Swiss Amount (less, if required, any Swiss Withholding Tax) to the Trustee (or its agent, designee or bailee); and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) take all such other measures necessary or useful to allow the relevant Swiss Swiss Guarantor to make payments as agreed hereunder with a minimum of limitations.

***Swiss Withholding Tax*** means the tax imposed based on the Swiss Federal Act on Withholding Tax of 13 October 1965 (*Bundesgesetz über die Verrechnungssteuer*), as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) <u>Limitations Applicable to Luxembourg Guarantors</u>. The following provisions shall apply in the case of any Guaranteeing Party organized under the laws of Luxembourg (a "***Luxembourg Guarantor***"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notwithstanding anything to the contrary in this Supplemental Indenture or the Indenture, the obligations and liabilities of any Luxembourg Guarantor under its Note Guarantee for the obligations of any Issuer or any other Guarantor that is not a direct or indirect Subsidiary of such Luxembourg Guarantor shall be limited at any time to an aggregate amount not exceeding 95% of the higher of:

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the sum of (A) such Luxembourg Guarantor's own funds (*capitaux propres*) (as referred to in Annex I to the Grand-Ducal Regulation dated December 18, 2015 defining the form and content of the presentation of balance sheet and profit and loss account (the "***Grand Ducal Regulation***"), and enforcing the Luxembourg law of 19 December 2002 on the register of commerce and companies, and the accounting and annual accounts of companies, as amended (the "***Own Funds***")) and (B) such Luxembourg Guarantor's debt which is subordinated in right of payment (whether generally or specifically) to any claim of any Holder or the Trustee under such Note Guarantee, this Supplemental Indenture or the Indenture (recorded in any of the categories of the debt section (*dettes*) of Annex I to the Grand Ducal Regulation) (the "***Intra-Group Debt***"), in each case as determined on the basis of the latest annual accounts of such Luxembourg Guarantor, duly established in accordance with applicable accounting rules, available as at the date of this Supplemental Indenture; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the sum of (A) the Luxembourg Guarantor's Own Funds and (B) the Intra-Group Debt, in each case as determined on the basis of the then latest available annual accounts of such Luxembourg Guarantor, duly established in accordance with applicable accounting rules, available as at the date such Luxembourg Guarantor is required to make a payment under its Note Guarantee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Where, for the purpose of the above determination:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) no duly established annual accounts are available for the relevant reference period (which will include a situation where, in respect of the determinations to be made above, no final annual accounts have been established in due time in respect of the then most recently ended financial year); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the relevant annual accounts do not adequately reflect the status of the Own Funds and/or the Intra-Group Debt as envisaged above,

the relevant Luxembourg Guarantor shall provide to the Trustee within 20 Business Days of the date on which such Luxembourg Guarantor is required to make a payment under its Note Guarantee (or such longer period as the Trustee may agree) any unaudited interim accounts (as of the date of the then most recent financial quarter) or annual accounts (as applicable) signed by the relevant Luxembourg Guarantor's authorized signatories and duly established in accordance with applicable accounting rules pursuant to which the Own Funds and/or the Intra-Group Debt will be determined. If the relevant Luxembourg Guarantor does not provide such unaudited interim accounts in accordance with the preceding sentence, the Trustee may appoint an independent auditor (*réviseur d'entreprises agréé*) or an independent reputable investment bank which shall undertake the determination of the relevant Luxembourg Guarantor's Own Funds and/or Intra-Group Debt.

In order to prepare such determination, the independent auditor (*réviseur d'entreprises agréé*) or the independent reputable investment bank shall take into consideration the most recently available annual accounts of such Luxembourg Guarantor in accordance with applicable accounting rules and taking into consideration such elements and facts available to the independent auditor (*réviseur d'entreprises agréé*) or the independent reputable investment bank at such time, including, without limitation, any recent valuation of the assets of such Luxembourg Guarantor and any Persons in which it has a direct or indirect equity interest (if available), the market value of the assets of such Luxembourg Guarantor and any Persons in which it has a direct or indirect equity interest as if sold between a willing buyer and a willing seller as a going concern using a standard market multi criteria approach combining market multiples, book value, discounted cash flow or comparable public transaction of which price is known (taking into account circumstances at the time of the valuation and making all necessary adjustments to the assumption being used) and acting in a reasonable manner.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The limitation set forth in Section 4(a) of this Supplemental Indenture shall not apply to any proceeds from the Notes made available, directly or indirectly, in any form whatsoever, to such Luxembourg Guarantor or any of its direct or indirect Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) <u>No Recourse Against Others</u>. No director, officer, employee, incorporator or stockholder of the Guaranteeing Parties shall have any liability for any obligations of the Issuers or the Guarantors (including the Guaranteeing Parties) under the Notes, any Note Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting Notes waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) <u>Jurisdiction; Consent to Service of Process</u>. Each party hereto irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any U.S. federal or New York State court sitting in the Borough of Manhattan, New York, New York in any action or proceeding arising out of or relating to this Supplemental Indenture or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Supplemental Indenture shall affect any right that the parties hereto may otherwise have to bring any action or proceeding relating to this Supplemental Indenture against any party hereto or its properties in the courts of any jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) <u>Governing Law</u>. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) <u>Counterparts</u>. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The words "execution," "signed," "signature," and words of like import in this Supplemental Indenture shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation, "pdf", "tif" or "jpg") and other electronic signatures (including, without limitation, DocuSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10) <u>Effect of Headings</u>. The section headings herein are for convenience only and shall not affect the construction hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11) <u>The Trustee</u>. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Parties.

[*Signature page follows*]

------

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.

---

| | |
|:---|:---|
| **ISSUERS:** | **ISSUERS:** |
| CYPRIUM CORPORATION | CYPRIUM CORPORATION |
| By: | /s/ Robert S. Hoeppner |
|  | Name: Robert S. Hoeppner |
|  | Title: Treasurer |
| CYPRIUM HOLDINGS LUXEMBOURG S.À R.L. | CYPRIUM HOLDINGS LUXEMBOURG S.À R.L. |
| By: | /s/ Darren Michael Byrka |
|  | Name: Darren Michael Byrka |
|  | Title: Manager |

---

[*Signature Page to First Supplemental Indenture*]

------

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.

---

| | |
|:---|:---|
| CYPRIUM SWISS HOLDINGS LIMITED | CYPRIUM SWISS HOLDINGS LIMITED |
| By: | /s/ Darren Michael Byrka |
|  | Name: Darren Michael Byrka |
|  | Title: Director |
| APTIV MANUFACTURING MANAGEMENT SERVICES GMBH | APTIV MANUFACTURING MANAGEMENT SERVICES GMBH |
| By: | /s/ Eoin Paul Muldowney |
|  | Name: Eoin Paul Muldowney |
|  | Title: Member of the Management Board |
| CYPRIUM TREASURY GMBH | CYPRIUM TREASURY GMBH |
| By: | /s/ Darren Michael Byrka |
|  | Name: Darren Michael Byrka |
|  | Title: Chairperson of the Management Board |
| CYPRIUM US HOLDINGS, LLC | CYPRIUM US HOLDINGS, LLC |
| By: | /s/ Rachel Vicotria Friedenberg |
|  | Name: Rachel Vicotria Friedenberg |
|  | Title: Assistant Secretary |

---

*[Signature Page to Subsequent Guarantors' Supplemental Indenture]* 

------

---

| | |
|:---|:---|
| CYPRIUM US SERVICES GENRAL PARTNERSHIP | CYPRIUM US SERVICES GENRAL PARTNERSHIP |
| By: | /s/ Rachel Victoria Friedenberg |
|  | Name: Rachel Victoria Friedenberg |
|  | Title: Assistant Secretary |
| CYPRIUM INTERNATIONAL SERVICES COMPANY, LLC | CYPRIUM INTERNATIONAL SERVICES COMPANY, LLC |
| By: | /s/ Rachel Victoria Friedenberg |
|  | Name: Rachel Victoria Friedenberg |
|  | Title: Assistant Secretary |
| CYPRIUM LLC | CYPRIUM LLC |
| By: | /s/ Rachel Victoria Friedenberg |
|  | Name: Rachel Victoria Friedenberg |
|  | Title: Assistant Secretary |
| APTIV INTERNATIONAL HOLDINGS 2 (LUXEMBOURG) S.À.R.L. | APTIV INTERNATIONAL HOLDINGS 2 (LUXEMBOURG) S.À.R.L. |
| By: | /s/ Eoin Paul Muldowney |
|  | Name: Eoin Paul Muldowney |
|  | Title: Manager |
| APTIV MEXICAN HOLDINGS (US) LLC | APTIV MEXICAN HOLDINGS (US) LLC |
| By: | /s/ Rachel Victoria Friedenberg |
|  | Name: Rachel Victoria Friedenberg |
|  | Title: Manager |

---

[*Signature Page to Subsequent Guarantors' Supplemental Indenture*]

------

---

| | |
|:---|:---|
| U.S. BANK TRUST COMPANY, NATIONAL | U.S. BANK TRUST COMPANY, NATIONAL |
| ASSOCIATION, as Trustee | ASSOCIATION, as Trustee |
| By: | /s/ David Jason |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: David Jason | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: David Jason |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: Vice President | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: Vice President |

---

[*Signature Page to First Supplemental Indenture]*

## Exhibit 10.1

**Exhibit 10.1** 

EXECUTION VERSION

TRANSITION SERVICES AGREEMENT

by and between

APTIV PLC

and

VERSIGENT LIMITED

Dated as of March 30, 2026

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS TRANSITION SERVICES AGREEMENT HAS BEEN OMITTED BY MEANS OF REDACTING A PORTION OF THE TEXT AND REPLACING IT WITH [\*\*\*], PURSUANT TO REGULATION S-K ITEM 601(B) OF THE SECURITIES ACT OF 1933, AS AMENDED. CERTAIN CONFIDENTIAL INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS: (i) NOT MATERIAL AND (ii) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.

------

**<u>TRANSITION SERVICES AGREEMENT</u>**

This TRANSITION SERVICES AGREEMENT (this "<u>Agreement</u>"), dated as of March 30, 2026, by and between **APTIV PLC**, a public limited company formed under the laws of Jersey ("<u>Parent</u>"), and **VERSIGENT LIMITED**, a private limited company formed under the laws of Jersey ("<u>SpinCo</u>"). Each of SpinCo and Parent is referred to herein as a "<u>Party</u>" and collectively as the "<u>Parties</u>".

**WITNESSETH** 

**WHEREAS**, Parent and SpinCo have entered into that certain Separation and Distribution Agreement, dated as of March 30, 2026 (the "<u>Separation and Distribution Agreement</u>"), pursuant to which Parent and SpinCo have agreed that Parent will transfer the SpinCo Business to SpinCo and distribute the shares in SpinCo to the shareholders of Parent on the terms and conditions set forth in the Separation and Distribution Agreement;

**WHEREAS**, solely in order to facilitate the orderly transfer and continuation of the SpinCo Business and the operation of the SpinCo Business by SpinCo for a transitional period not to exceed the Term, Parent has agreed to, and has agreed to cause certain of its Affiliates to, provide SpinCo and its Subsidiaries the Services (as defined herein);

**WHEREAS**, solely in order to facilitate the operation of the Parent Business by Parent and its Affiliates, SpinCo has agreed to, and has agreed to cause its Subsidiaries to, provide Parent and its Affiliates the Services during the Term;

**WHEREAS**, neither SpinCo nor Parent intends, by the terms and conditions hereof, to create an ongoing service relationship with the other with respect to the Services for a duration of time exceeding the Term; and

**WHEREAS**, SpinCo and Parent intend to terminate the Service relationships contemplated hereby no later than expiration of the Term.

**NOW, THEREFORE**, in consideration of entering into the Separation and Distribution Agreement and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

**ARTICLE 1** 

**<u>DEFINITIONS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 <u>Definitions</u>. For purposes of this Agreement, capitalized terms shall have the meanings set forth in the body of this Agreement or as set forth below in this <u>Section</u> <u>1.1</u>. To the extent any capitalized terms are not defined herein, they shall have the meanings set forth in the Separation and Distribution Agreement.

"<u>Cost</u>" means, with respect to a Service, either (a) the monthly service fees and other amounts set forth in **<u>Exhibit</u> <u>2.1(a)</u>** or **<u>Exhibit</u> <u>2.1(b)</u>** or (b) for Services contained in **<u>Exhibit</u> <u>2.1(a)</u>** or **<u>Exhibit</u> <u>2.1(b)</u>** for which prices are specified as "billed as incurred", their actual cost based on the cost formula specified for each Service in **<u>Exhibit</u> <u>2.1(a)</u>** or **<u>Exhibit</u> <u>2.1(b)</u>**, including where applicable, the increase in the monthly service fees for the relevant Service as provided in **<u>Exhibit 2.1(a)</u>** or **<u>Exhibit 2.1(b)</u>**; in each case as adjusted in accordance with <u>Section</u> <u>2.3</u> of this Agreement.

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"<u>Consents</u>" means any consents, approvals or amendments to existing agreements of any Service Provider necessary to allow a Service Provider to provide the Services to a Service Recipient.

"<u>Data</u>" means all data or information (a) submitted by a Service Recipient to the applicable Service Provider for processing or transmission in connection with the Services or (b) generated by the Services.

"<u>Data Protection Legislation</u>" means all national, federal, state and local privacy, data protection or other laws and regulations applicable to the processing of Personal Information.

"<u>Service</u>" means (a) each service provided by Parent or its Affiliates to SpinCo or its Subsidiaries pursuant to <u>Section</u> <u>2.1(a)</u> and (b) each service provided by SpinCo or its Subsidiaries to Parent or its Affiliates pursuant to <u>Section</u> <u>2.1(b)</u>, in each case, as separately identified in **<u>Exhibit</u> <u>2.1(a)</u>** or **<u>Exhibit</u> <u>2.1(b)</u>**, as applicable.

"<u>Service Baseline Period</u>" means the six (6) month period preceding the Distribution Date.

"<u>Service Provider</u>" means (a) Parent or its applicable Affiliate, in connection with Services provided by such Person in its capacity as a provider of Services pursuant to <u>Section</u> <u>2.1(a)</u> of this Agreement, and (b) SpinCo or its applicable Subsidiary, in connection with Services provided by such Person in its capacity as a provider of Services pursuant to <u>Section</u> <u>2.1(b)</u> of this Agreement.

"<u>Service Recipient</u>" means (a) SpinCo or its applicable Subsidiary, in connection with Services received by such Person in its capacity as a recipient of Services pursuant to <u>Section</u> <u>2.1(a)</u> of this Agreement, and (b) Parent or its applicable Affiliate, in connection with Services received by such Person in its capacity as a recipient of Services pursuant to <u>Section</u> <u>2.1(b)</u> of this Agreement.

"<u>Service Term</u>" means, with respect to a Service, the applicable term as set forth in **<u>Exhibit 2.1(a)</u>** or **<u>Exhibit 2.1(b)</u>**.

"<u>Subsidiary</u>" of any Person means (a) any corporation or other organization, whether incorporated or unincorporated, of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization, is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries and (b) joint ventures set forth on <u>Schedule 1.1(a)</u> hereto and such other joint ventures that Parent confirms in writing will be recipients of Services under this Agreement.

"<u>Systems</u>" means a Person's hardware, firmware, networks, platforms, servers, interfaces, applications, websites or any other systems.

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**ARTICLE 2** 

**<u>SERVICES</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>Types of Services</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) For up to twenty-four (24) months from the Distribution Date (the "<u>Term</u>"), Parent will, and will cause certain of its Affiliates to, provide to SpinCo and its Subsidiaries certain Services (except that, Parent and its Affiliates shall be excused from performing to the extent that Services cannot be performed as a result of: (x) SpinCo's or its applicable Subsidiary's failure to perform, or failure to cause to be performed, any necessary Excluded Services; and (y) changes in the operation of the SpinCo Business after the Distribution Date), in each case: (i) only as described in **<u>Exhibit</u> <u>2.1(a)</u>** to this Agreement; (ii) other than as expressly set forth in **<u>Exhibit 2.1(a)</u>**, only consistent with past practice and the Level of Services existing during the Service Baseline Period; (iii) other than as set forth in **<u>Exhibit 2.1(a)</u>**, only as offered by Parent and its Affiliates to their own operations at the time the applicable Services are provided under this Agreement (provided that Parent and its Affiliates will not eliminate a Service prior to the end of the applicable Service Term set forth in **<u>Exhibit</u> <u>2.1(a)</u>**, unless otherwise agreed in writing by the relevant Service Recipient, and will use commercially reasonable efforts to provide the relevant Service Recipient at least thirty (30) days advance notice of any significant changes); and (iv) for a period not to exceed the Service Term for a particular Service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) During the Term, SpinCo will, and will cause its Subsidiaries to, provide to Parent and its Affiliates, certain Services (except that, SpinCo and its Affiliates shall be excused from performing to the extent that Services cannot be performed as a result of: (x) Parent's or its applicable Subsidiary's failure to perform, or failure to cause to be performed, any necessary Excluded Services; and (y) changes in the operation of the Parent Business after the Distribution Date), in case of each of (x) and (y): (i) only as described on **<u>Exhibit</u> <u>2.1(b)</u>** to this Agreement; (ii) other than as expressly set forth in **<u>Exhibit 2.1(b)</u>**, only to the extent necessary for the continued operation of the Parent Business, in the ordinary course consistent with past practice and the Level of Services as existed during the Service Baseline Period; (iii) other than as set forth in **<u>Exhibit 2.1(b)</u>**, only as offered by SpinCo and its Affiliates to their own operations at the time the applicable Services are provided under this Agreement (provided that SpinCo and its Affiliates will not eliminate a Service prior to the end of the applicable Service Term set forth in **<u>Exhibit</u> <u>2.1(b)</u>**, unless otherwise agreed in writing by the relevant Service Recipient, and will use commercially reasonable efforts to provide the relevant Service Recipient at least thirty (30) days advance notice of any significant changes); and (iv) for a period not to exceed the Service Term for a particular Service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In no event shall the Services include the following (collectively, "<u>Excluded Services</u>"): (i) any services that are not expressly set forth in (A) **<u>Exhibit</u> <u>2.1(a)</u>** to this Agreement, including those services set forth in **<u>Exhibit</u> <u>2.1(c)</u>** (in each case, with respect to the Services provided to SpinCo or its Subsidiaries) or (B) **<u>Exhibit</u> <u>2.1(b)</u>** to this Agreement (with respect to the Services provided to Parent or its Affiliates); provided, that the foregoing shall not limit the Parties' ability to agree to provide Additional Services in accordance with <u>Section</u> <u>2.2</u> below; and (ii) unless extended by the written agreement of Parent and SpinCo in accordance with <u>Section</u> <u>2.3</u> below, Services whose Service Term has expired in accordance with the terms of this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Other than as expressly set forth in **<u>Exhibit 2.1(a)</u>**, Service Provider shall not be obligated to perform or to cause to be performed any Service (i) for any business other than the SpinCo Business or the Parent Business, as applicable, (ii) in a manner that is materially more burdensome (with respect to service quality or quantity) than analogous services provided by Parent for or within its own organization or group or (iii) in a manner that is materially more burdensome (with respect to service quality or quantity) than analogous services provided by Parent to the SpinCo Business ((i) to (iii) collectively referred to as the "<u>Level of Service</u>") during the Service Baseline Period. A Service shall be deemed materially more burdensome if, among other items, its usage or the resources necessary to provide the Service exceed the usage or the resources required to provide analogous services to Service Provider's own organization or the Parent Business or the SpinCo Business, as applicable, during the Service Baseline Period, or if Service Provider is required to hire new employees, engage new contractors or make capital investments in respect of such Service greater than the maximum number of employees or contractors dedicated at any time to analogous services, or investments made by Service Provider with respect to analogous services, during the Service Baseline Period. If Service Recipient requests that Service Provider perform or cause to be performed any Service that exceeds the Level of Service during the Service Baseline Period, including any acquisition or upgrade of technology, software or information systems, and Service Provider is willing to consider providing such requested higher Level of Service, then the Parties shall cooperate and act in good faith to determine (i) whether Service Provider will provide such requested higher Level of Service and (ii) the Cost of providing such requested Higher Level of Service. If and to the extent that the Parties determine that Service Provider shall provide the requested higher Level of Service, then such higher Level of Service shall be documented in a supplement to the Exhibits hereto, reflecting the scope of such Service and the Cost thereof. Each such supplement, as agreed to in writing by the Parties, shall be deemed part of this Agreement as of the date of such written agreement and the Level of Service increases set forth in such written agreement shall be deemed a part of the Services provided under this Agreement, in each case subject to the terms and conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) In the event that SpinCo and Parent agree that for the provision of local country Services it is necessary or desirable to enter into a local contract, then, at the request of either SpinCo or Parent, SpinCo and Parent shall cause, respectively, the applicable Service Provider and Service Recipient in each such country to execute a "<u>Participation Agreement</u>" in a form materially consistent with the template attached hereto as **<u>Exhibit</u> <u>2.1(e)</u>**. The Parties agree to cooperate in implementing any such Participation Agreement in a manner that does not subject the applicable Service Provider to income taxes in a jurisdiction other than those jurisdictions under the laws of which such Service Provider is organized or is, before the implementation of such Participation Agreement, a tax resident.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>Additional</u> <u>Services</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Both Parties, working together and using commercially reasonable efforts, have attempted to identify and specifically enumerate in **<u>Exhibit</u> <u>2.1(a)</u>** and **<u>Exhibit</u> <u>2.1(b)</u>** all Services necessary to be provided to Service Recipients in order to ensure the uninterrupted operation of the SpinCo Business and the Parent Business following the Distribution Date.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a Service Recipient requires Excluded Services to support the continued operation of the SpinCo Business or the Parent Business, as applicable, and a Service Provider is willing to consider providing such services (the "<u>Additional Services</u>"), Parent and SpinCo will negotiate in good faith to determine if a Service Provider can provide the Additional Services upon mutually agreed terms and conditions; <u>provided</u>, <u>however</u>, that Service Provider shall have no obligation to provide Additional Services unless and until it agrees to do so in writing and that if terms satisfactory to the relevant Service Provider have not been agreed to within thirty (30) days after commencing such negotiations, Service Provider shall have no further obligation to negotiate with respect to such Additional Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Other than as expressly agreed in writing by the Parties, and subject to <u>Section</u> <u>2.3</u>, in no event shall the provision of Additional Services pursuant to this <u>Section</u> <u>2.2</u> extend the Service Term of any Service otherwise provided under <u>Section</u> <u>2.1</u>, nor shall any Additional Service provided pursuant to this <u>Section</u> <u>2.2</u> be provided beyond the end of the Term. In addition, unless otherwise agreed in writing by the Parties, the performance of Additional Services, and the performance of any Services from and after the scheduled date of expiration of the applicable Service Terms, shall not create any obligations to continue providing such Additional Services or Services of extended duration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In the event that due to extenuating circumstances, such as a need to maintain the operation of the SpinCo Business or Parent Business, (i) either (x) Service Recipient requests any Additional Services or (y) Service Provider notifies Service Recipient that it believes such Additional Services are required and Service Recipient does not object to the provision of such Additional Services in writing within five (5) business days and (ii) there is insufficient time or opportunity (as determined by Service Provider in its reasonable discretion) to negotiate the price and terms of such Additional Service in accordance with the provisions hereof (any such Additional Service, an "<u>Emergency Service</u>"), then Service Provider may, in its sole discretion, elect to provide such Emergency Service without the Parties' prior agreement on the price and terms thereof. Until such time as Service Provider and Service Recipient agree in writing to the price of such Emergency Service, the price therefor shall be (x) the cost thereof, as determined by Service Provider in its reasonable discretion, plus (y) ten percent (10%) of such cost. If Service Provider and Service Recipient have not agreed in writing to the price of such Emergency Service within thirty (30) days of such Emergency Service initially being provided to Service Recipient (or such earlier time upon the request of either Party), then the price determination for such Emergency Service shall be resolved as promptly as reasonably practicable in accordance with the dispute resolution provisions hereof set forth in <u>Section</u> <u>12.6</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 <u>Price of Services</u>. Services shall be provided by a Service Provider, and Service Recipient shall pay the relevant Service Provider for the Services, at the Cost identified on **<u>Exhibit</u> <u>2.1(a)</u>** or **<u>Exhibit</u> <u>2.1(b)</u>**, except that if a Service Provider provides any Service at the request of or with the written consent of the Service Recipient following the expiration of the applicable Service Term, the Cost of such Service shall be increased as follows: (a) for the first three (3) months after the expiration of the Service Term of such Service, the Cost shall be increased by twelve and one-half percent (12.5%) above the Cost set forth on **<u>Exhibit</u> <u>2.1(a)</u>** or **<u>Exhibit</u> <u>2.1(b)</u>**, as applicable, (b) for the following three (3) months, the Cost shall be increased by twenty-five percent (25%) above the Cost set forth on **<u>Exhibit</u> <u>2.1(a)</u>** or **<u>Exhibit</u> <u>2.1(b)</u>**, as applicable, (c) for the following three (3) months, the Cost shall be increased by fifty percent (50%) above the Cost

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set forth on **<u>Exhibit</u> <u>2.1(a)</u>** or **<u>Exhibit</u> <u>2.1(b)</u>**, as applicable, and (d) thereafter the Cost shall be increased by one hundred percent (100%) above the Cost set forth on **<u>Exhibit 2.1(a)</u>** or **<u>Exhibit</u> <u>2.1(b)</u>**, as applicable; <u>provided</u> that, for the avoidance of doubt, in no event shall any Service Term extension exceed the expiration of the Term. If (i) the cost of any Service provided by a third party is increased or decreased (or Service Provider's own cost with respect to any Service is increased or decreased as a result of a third party's change in costs) or (ii) any extension shall require Service Provider to incur additional costs to extend or renew fixed term licenses or subscriptions in order to provide such extended Service, Service Provider shall provide written notice to the Service Recipient of such cost increase or decrease (or additional licenses or subscription costs, as applicable), together with Service Provider's good faith determination of the amount of such increase or decrease (or additional license or subscription costs, as applicable), and the Cost will be adjusted in accordance with such determination. If Service Recipient disagrees with such determination, the Service Provider and Service Recipient shall discuss in good faith whether a further adjustment is appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 <u>Terms of</u>**<u> </u>**<u>Payment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Generally</u>. Any invoice for amounts owed by a Party to another hereunder shall be paid by the relevant Service Recipient within thirty (30) days after receipt of such invoice from Service Provider. For Services that include variable costs, the respective Service Provider will provide the respective Service Recipient with a reconciliation of amounts owed based on actual Services provided during the preceding month. If the estimated amounts paid with respect to Services that include variable costs exceed the actual amount owed with respect to such Services provided during a given month, Service Recipient will receive a credit for such excess amount paid in the next month's invoice (or if all Services have terminated, such amount shall be paid within thirty (30) days after termination). Likewise, if the estimated amounts paid with respect to Services that include variable costs are less than the actual amount owed with respect to such Services provided during a given month, Service Recipient will pay such deficiency as part of the next month's invoice (that will include such deficiency) or as part of the final invoice issued after all Services used by Service Recipient have terminated. All payments under this Agreement shall be made by electronic funds transfer of immediately available funds to such bank account of the respective Service Provider as identified by Parent (for Services provided by Parent or its Affiliates) or by SpinCo (for Services provided by SpinCo or its Subsidiaries). All amounts due for Services rendered pursuant to this Agreement shall be invoiced and paid in the currency in which the rate for such Service is quoted, as set forth in **<u>Exhibit</u> <u>2.1(a)</u>** or **<u>Exhibit</u> <u>2.1(b)</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Dispute</u> <u>Resolution</u>. A Service Recipient may not withhold any payments to a Service Provider under this Agreement, notwithstanding any dispute that may be pending between the Parties, whether under this Agreement or otherwise (any required adjustment being made on subsequent invoices). If there is a dispute between a Service Recipient and a Service Provider regarding the amounts shown as billed to a Service Recipient on any invoice, such Service Provider shall furnish to the respective Service Recipient reasonable documentation to substantiate the amounts billed, including listings of the dates, times and amounts of the Services in question where applicable and to the extent practicable. Upon delivery of such documentation, Service Recipient and Service Provider shall cooperate and use commercially reasonable efforts to resolve such dispute among themselves. If such disputing Parties are unable to resolve the dispute within thirty (30) days of the initiation of such resolution procedures, and Service Recipient believes in

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good faith and with a reasonable basis that the amounts shown as billed to Service Recipient are inaccurate or are otherwise not in accordance with the terms of this Agreement, then the Parties will resolve such dispute pursuant to the general dispute resolution procedures set forth in <u>Section</u> <u>12.6</u>. For the avoidance of doubt, Service Recipient may not offset disputed amounts from one invoice against any other payments due to Service Provider under any other invoices under this Agreement or any other agreements between the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 <u>Disbursements, Advances</u>. Any necessary disbursements to third party vendors, employees (of a Service Recipient) or suppliers (including prepayments) to be made by a Service Provider on behalf of a Service Recipient in connection with the performance of the Services ("<u>Disbursements</u>") will be included in the invoice for the month in which such Disbursements will be paid. Notwithstanding the foregoing, Disbursements that are greater than one hundred thousand U.S. Dollars ($100,000) per country that are due in a given month, must, at Service Provider's election, be paid in advance in order for the Services to be provided. Service Provider shall provide Service Recipient with written notice of any such projected Disbursements, including the projected due date for such Disbursements. Service Recipient shall transfer, on or before the projected due date of a Disbursement, immediately available funds to a bank account identified by Service Provider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 <u>Performance of Excluded Services</u>. The relevant Service Recipient shall, at its sole cost and expense, perform, or cause to be performed, all Excluded Services which are necessary to its continued operation or the performance of the Services by the applicable Service Provider(s); <u>provided</u>, <u>however</u>, that a Service Recipient may elect not to perform, or cause to be performed, any Excluded Service, if such nonperformance would not: (a) increase the Cost of any Service provided by a Service Provider under this Agreement, a Participation Agreement or a similar agreement between the Parties or their Affiliates; (b) increase the resources required to perform any Service; or (c) result in any increased liability exposure to any Service Provider or any of its Affiliates or any other party other than a Service Recipient or its Affiliates. Notwithstanding anything herein to the contrary, no Service Provider shall have any obligation to perform any Service to the extent that such Service is dependent in a material respect upon the performance of an Excluded Service that a Service Recipient elects not to perform or cause to be performed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 <u>Correction of Processing Errors</u>. Each Service Recipient is responsible from and after the Distribution Date for: (a) the accuracy and completeness of all Data; and (b) any errors in and with respect to data or information obtained from Service Provider to the extent caused by any inaccurate or incomplete Data submitted by a Service Recipient.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 <u>Service</u> <u>Recipient</u><u>'</u><u>s Obligations</u>. Service Recipient shall: (a) maintain in good operating condition all equipment, software and operational features maintained or controlled by a Service Recipient and used in the provision of, or necessary for the receipt or delivery of, the Services, in a manner consistent with the practice for maintenance of all equipment, software and operational features as of the Distribution Date; (b) appropriately enhance (i.e., improve or upgrade and not fix or patch) any equipment, software and operational features maintained or controlled by a Service Recipient, as may be necessary for such equipment, software and operational features to be compatible with any systems used by the applicable Service Provider after the Distribution Date in connection with providing Services in a manner consistent with provision of such Services during the Service Baseline Period, it being agreed that (i) within ten

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(10) days after the applicable Service Provider has notified Service Recipient that an enhancement is necessary in order to maintain the required compatibility, Service Recipient shall develop and deliver to Service Provider a plan, for Service Provider's approval, to complete all such enhancements (at Service Recipient's sole cost and expense) within the time required by Service Provider; <u>provided</u>, that where either Party believes that an enhancement will result in material expenditure by Service Recipient, the Parties shall discuss in good faith the proposed timing of any necessary enhancement with Service Recipient in an effort to avoid unnecessary expense on the part of Service Recipient; <u>provided</u>, <u>further</u>, that Service Provider makes no assurances that timing considerations will be accommodated; (ii) Service Recipient shall complete such enhancements in accordance with the plan approved by Service Provider; and (iii) if Service Recipient has not implemented the enhancements necessary to permit it to receive the relevant Services by the time Service Provider has notified Service Recipient that the enhancements must be implemented, Service Provider shall have no obligation to provide Services until Service Recipient has made the necessary enhancements; (c) be solely responsible for any stranded or incremental costs and expenses, if any, incurred by Service Recipient or Service Provider resulting from any termination of a Service prior to the expiration of the applicable Service Term, as applicable, including any severance costs and other expenses incurred, resulting or arising from or in connection with the early termination of any Service and any costs and expenses incurred as a result of pre-existing obligations to third parties for the period between the effective date of an early termination of a Service and the date on which the applicable Service Term had originally been scheduled to expire (including all license and subscription fees or other pre-existing payment obligations that would have constituted Costs hereunder) that cannot (without cost to Service Provider) be terminated, cancelled, or in Service Provider's discretion, redeployed; (d) comply with any policies and reasonable instructions provided by the applicable Service Provider that are necessary or desirable for Service Provider to provide the Services in accordance with this Agreement; (e) in the case of SpinCo and its Subsidiaries, make available to Parent the books and records that were transferred to SpinCo by Parent or its Affiliates pursuant to the Separation and Distribution Agreement to the extent necessary for Parent or its Affiliates to perform its obligations under this Agreement; and (f) be responsible for its pro-rata share (as determined by Service Provider in its reasonable discretion) of the costs of replacement, repair and maintenance of any equipment or other assets provided by a Service Provider (and owned by a Service Provider or a third party) to a Service Recipient which are necessary for the provision of Services hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 <u>Nature of Services; Limitations on Performance</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Parties acknowledge and agree that the Services are transitional in nature. Service Recipient agrees to cooperate in good faith and to use commercially reasonable efforts to effectuate a smooth transition of the Services from Service Provider to Service Recipient (or its designee) as soon as commercially practicable after the Distribution Date, but in any event before the end of the Service Term for such Service. The Parties agree to use reasonable efforts to assist and cooperate in good faith with each other in order to effectuate such transition of the Services from Service Provider to Service Recipient (or its designee) in a timely and orderly manner.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Nothing in this Agreement shall require Service Provider to perform or cause to be performed any Service to the extent that Service Provider reasonably believes that the manner of such performance would constitute (i) a breach, violation or infringement of, or a default under, any of the terms, conditions or provisions of any agreement, instrument, contract, obligation or undertaking that was entered into by such Service Provider prior to the date of this Agreement or (ii) a violation of any applicable Law. If Service Provider reasonably believes that the manner of performance would constitute a violation on the part of Service Provider, Service Provider shall use commercially reasonable efforts to promptly advise Service Recipient of such violation, and Service Provider and Service Recipient will use their commercially reasonable efforts to jointly seek an alternative that addresses such violation. The Parties agree to cooperate in good faith and use commercially reasonable efforts to obtain any necessary third party consents required under any existing contract or agreement with a third party or under applicable Law to allow Service Provider to perform, or cause to be performed, all Services to be provided by Service Provider hereunder in accordance with the standards set forth in this Agreement; <u>provided</u>, that Service Provider shall have no obligation to provide Services where a consent has not been obtained or an alternative arrangement has not been agreed by the Parties in accordance with <u>Section</u> <u>3.1</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If a Service Provider is unable to provide or procure a Service in accordance with the terms of this Agreement due to a capacity shortage, governmental actions or other event beyond the reasonable control of the applicable Service Provider, such Service Provider shall provide the affected Service to the Service Recipients and the Service Provider's Affiliates (as applicable) on a pro-rata, non-discriminatory basis unless otherwise agreed to by the Parties in writing and, to the extent the Cost of providing the affected Service is more or less than the Cost set forth in **<u>Exhibit 2.1(a)</u>** or **<u>Exhibit 2.1(b)</u>** for such Service, Service Provider shall adjust the Cost of such affected Service on an equitable non-discriminatory basis within thirty (30) days after such capacity shortage occurs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Service Provider shall have the right from time to time to temporarily suspend (or cause to be suspended) a Service due to scheduled or emergency maintenance, modification, repairs, updates or upgrades, alterations or replacements or any other reasonable matters to the extent such matters affect the operations, businesses or divisions of the applicable Service Provider or its Affiliates receiving the same services and the applicable Service Recipient on a non-discriminatory basis (a "<u>Service Suspension</u>"), to the extent Service Provider, in its reasonable judgment, determines such action is necessary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10 <u>Third Party Service Providers</u>. A Service Provider shall have the right to engage the services of contractors, subcontractors, vendors or other third party providers (each, a "<u>Third Party Service Provider</u>") to deliver or assist the Service Provider in the provision of any Service. Service Provider shall (or shall cause its Affiliates to) supervise the performance of such Third Party Service Providers to ensure that the Service meets the requirements of this Agreement, and Service Recipient shall cooperate with any such Third Party Service Provider in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11 <u>Access</u>. Subject to the terms and conditions of this Agreement, the Service Recipient shall, and shall cause its Affiliates to, (i) make available on a timely basis to the Service Provider all information and materials reasonably requested by Service Provider in order to perform its obligations under this Agreement and (ii) allow Service Provider reasonable access to the facilities and Systems of the Service Recipient, in each case, necessary for Service Provider to fulfill its obligations under this Agreement.

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**ARTICLE 3** 

**<u>CONSENTS; HARDWARE AND SOFTWARE; MIGRATION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>Required</u> <u>Consents</u>. The applicable Service Provider shall use commercially reasonable efforts to obtain any Consents. The applicable Service Recipient shall pay, or, at Service Provider's request, reimburse Service Provider for, the cost of obtaining the Consents and any fees or charges associated with the Consents or with any transfers of computer equipment leases or software licenses to a Service Recipient, including, but not limited to, any additional license, sublicense, access or transfer fees or any additional incurred pass-through costs. Without limiting the foregoing, neither Party shall under any circumstance be required to (and Service Provider shall not, without the prior written consent of Service Recipient) pay or commit to pay any amount or incur any obligation in favor of or offer or grant any accommodation (financial or otherwise, including any requirements for the securing or posting of any bonds, letters of credit or similar instruments, or the furnishing of any guarantees) to obtain any Consents. Service Recipient acknowledges that there can be no assurance that Service Provider will be able to obtain the Consents. Unless otherwise agreed in writing in advance by the Parties, all reasonable out of pocket costs and expenses (if any) incurred by Service Recipient or any of its Subsidiaries or, with Service Recipient's prior written consent, Service Provider or any of its Subsidiaries in connection with obtaining any such Consent that is required to allow Service Provider to perform or cause to be performed such Services shall be borne solely by Service Recipient; <u>provided</u>, <u>however</u>, that in the event Service Recipient does not agree to bear any Consent fees payable by Service Provider or any of its Subsidiaries, then Service Provider and its Subsidiaries shall be relieved of their obligations to perform or cause to be performed any Services requiring such Consent. If, with respect to a Service, the Parties, despite the use of such commercially reasonable efforts, are unable to obtain a required Consent, or the performance of such Service by Service Provider would constitute a violation of any applicable Law, upon Service Recipient's request, Service Provider will reasonably cooperate with Service Recipient to identify and use commercially reasonable efforts to implement, a work-around or other alternative arrangement for any affected Service(s) that is reasonably acceptable to each Party and that enables Service Provider to perform or cause to be performed such Service or an analogous service without obtaining such required Consent or violating any applicable Law; <u>provided</u>, that (i) Service Recipient shall be responsible for all fees and costs associated with any such work-around or alternative arrangement, including, for the avoidance of doubt, any additional pass-through costs that are actually incurred by the Service Provider, (ii) Service Provider shall not be required to undertake any activities that increase, in any material respect, the resources required of it to perform the Service(s), and (iii) Service Recipient acknowledges that any such work-around or alternative arrangement may adversely impact the standards for provision of the Services set forth in <u>Section</u> <u>2.1(a)</u>, and Service Provider shall not be liable for any breach of this Agreement that results from the adoption of any such work-around or alternative arrangement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Additional</u> <u>Hardware and Software</u>. No Service Provider shall be obligated to purchase, license, lease or otherwise obtain the right to use any hardware or software in order to provide Services that exceed the level of such Services during the Service Baseline Period. Service Recipient shall be responsible for obtaining, at Service Recipient's sole expense, any hardware, firmware, software or other licenses or equipment it needs in order to receive the Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>Migration</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Parties have agreed upon a plan for the migration away from Parent of each Service being provided to SpinCo on the Systems in a smooth, efficient and risk-mitigating manner prior to the expiration of each Service Term as set forth on **<u>Exhibit 3.3</u>** hereto (the "<u>SpinCo Migration Plan</u>"). Responsibility for SpinCo's migration off of those Systems shall be as set forth in the SpinCo Migration Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The relevant Service Recipient shall provide updates as reasonably requested by Service Provider to allow the relevant Service Provider to monitor the current status of Service Recipient's efforts to establish replacement or alternative programs and services in substitution for all Services provided by the relevant Service Providers to assure timely completion of such efforts.

**ARTICLE 4** 

**<u>INTELLECTUAL PROPERTY</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <u>Third-Party Licenses; License Grant</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) With respect to any third-party Intellectual Property, data, Software or Software-based services that are provided or accessed under, or as part of, a Service, each Service Recipient shall comply with the terms and conditions of the vendor/licensor agreement under which the applicable Service Provider obtains a license, access, or other right to such Intellectual Property, data, Software or Software-based Service ("<u>Third-Party IP License</u>"), including providing timely, reasonable, and good faith cooperation at Service Recipient's cost and expense to Service Provider and such vendor/licensor in connection with any audit, review, certification, or compliance assessment that relates to Service Recipient's use of any such Services (such as providing access to relevant Systems and records (e.g., logs and usage data) necessary to demonstrate compliance, making available appropriate subject-matter experts and personnel to support audit inquiries, and provide supporting documentation or attestations). Service Recipient shall promptly notify Service Provider of any audit-related requests it receives in respect of the Services. Service Recipient shall work collaboratively and in good faith with Service Provider to support the preparation and implementation of any corrective actions necessitated by the findings of any such audit, and shall promptly and at its own cost and expense remediate any adverse findings attributable to Service Recipient's use of the applicable Service. Service Recipient's obligations under this section shall survive the Term as applicable for the duration of any vendor/licensor's rights under Third-Party IP Licenses related to Service Recipient's use of the Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to the terms and conditions of this Agreement and any applicable Third-Party IP Licenses, each Party, on behalf of itself and its Affiliates, hereby grants, and shall cause its permitted subcontractors to grant, to the other Party and its Affiliates, a limited, royalty-free, worldwide, non-sublicensable (except to third-party subcontractors, solely to the extent required for the receipt or provision, as the case may be, of any Service in accordance with the terms hereof), non-exclusive, non-transferable sublicense, solely for the duration of any applicable Service, to use the Intellectual Property licensed to such Party or any of its Affiliates under such Third-Party IP License, solely to the extent necessary for the applicable Service Recipient to receive and use the Services during the applicable Service Term. For clarity, (i) no license is granted hereunder to any Intellectual Property to the extent a consent or approval therefor is

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required and not obtained in accordance with <u>Section</u> <u>3.1</u>, and (ii) royalties or fees payable to any third-party licensors due to Service Recipient's receipt of the foregoing license shall be a Cost payable by Service Recipient hereunder. Other than as may be expressly set forth on **<u>Exhibit 2.1(a)</u>** or **<u>Exhibit</u> <u>2.1(b)</u>**, as applicable, nothing contained in this Agreement shall be deemed to grant either Party of its Affiliates, by implication, estoppel or otherwise, any license rights, ownership rights or other rights in any Intellectual Property owned by the other Party (or any Affiliate or permitted subcontractor of the other Party).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 <u>Developed Intellectual Property</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All Intellectual Property created or developed by the applicable Service Provider solely on Service Recipient's behalf in the course of and as part of providing the Services in connection with this Agreement ("<u>Work Product</u>") shall be owned by the Service Recipient, unless (i) otherwise explicitly agreed to between the parties or (ii) such created or developed Intellectual Property constitutes a modification, improvement, update, or derivative (an "<u>Improvement</u>") of any Intellectual Property existing and owned or controlled by the Service Provider as of the date hereof or otherwise developed or acquired by the Service Provider outside of this Agreement, in which case, such Improvement will be owned by Service Provider. Work Product to be owned by the Service Recipient shall be deemed a "work made for hire" under applicable Law. Any and all other Intellectual Property created or developed by a Party in the performance of or receipt of Services hereunder shall be owned by such Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Without limiting the foregoing, to the extent any Intellectual Property vests in a Party in contravention of <u>Section</u> <u>4.2(a)</u>, such Party hereby irrevocably assigns and transfers all right, title and interest in such Intellectual Property to the other Party or its designee. The Parties shall take any and all commercially reasonable actions and execute any and all other documents reasonably necessary to perfect, confirm and record each Party's ownership of Intellectual Property as contemplated in this <u>Section</u> <u>4.2</u>.

**ARTICLE 5** 

**<u>DATA AND THIRD PARTY ASSETS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 All data provided by a Service Provider hereunder shall be in the form used by the applicable Service Provider as of the Distribution Date, except to the extent such form may be altered by modifications or enhancements of Service Provider's systems. Unless furnished to Service Provider by a Service Recipient, all media upon which Service Recipient's Data is stored is and shall remain the property of Service Provider. Special reports and other non-conforming data requests will be provided only if Service Provider and Service Recipient enter into a separate agreement with respect thereto.

**ARTICLE 6** 

**<u>DISCLAIMER</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 WITHOUT LIMITING THE INDEMNITY EXPRESSLY SET FORTH IN <u>SECTION</u> <u>7.1</u>, THE SERVICES SHALL BE PROVIDED BY EACH SERVICE PROVIDER "AS-IS", AND EACH SERVICE PROVIDER EXPRESSLY DISCLAIMS TO THE FULL EXTENT PERMISSIBLE BY LAW ALL OTHER WARRANTIES, WHETHER EXPRESS,

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IMPLIED, STATUTORY OR OTHERWISE, AS TO THE NATURE OR STANDARD OF THE SERVICES OR PRODUCTS OF THE SERVICES WHICH ANY OF THEM MAY PROVIDE HEREUNDER, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY OR OF FITNESS FOR A PARTICULAR PURPOSE. NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY, NEITHER SPINCO NOR ITS AFFILIATES, ON THE ONE HAND, NOR PARENT NOR ITS AFFILIATES, ON THE OTHER HAND, SHALL BE LIABLE UNDER THIS AGREEMENT TO THE OTHER FOR ANY CONSEQUENTIAL, SPECIAL, INDIRECT, PUNITIVE, EXEMPLARY, REMOTE, SPECULATIVE OR SIMILAR DAMAGES OR ANY LOST PROFITS OR DAMAGES CALCULATED BASED ON A MULTIPLE OF PROFITS, REVENUE OR ANY OTHER FINANCIAL METRIC, IN EACH CASE, ARISING IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED HEREBY (OTHER THAN ANY SUCH LIABILITY WITH RESPECT TO A THIRD-PARTY CLAIM).

**ARTICLE 7** 

**<u>INDEMNIFICATION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Indemnification</u>. Subject to the next sentence, SpinCo and Parent, as applicable, shall cause each Service Recipient to defend, indemnify and hold the relevant Service Provider harmless from any and all Liabilities suffered or incurred by Service Provider in connection with any and all demands, audits, Actions and causes of action to the extent arising from or relating to: (a) the Services provided to such Service Recipient pursuant to this Agreement; (b) any actions taken by any Service Provider in connection with such Services or this Agreement; (c) a Service Recipient's failure to perform, or cause to be performed, any Excluded Services; or (d) the actions of any employee, representative or agent of a Service Recipient (including death, personal injury and/or property damage), in each case except to the extent that such Liabilities arose solely from the gross negligence or willful misconduct of any Service Provider or their respective Representatives (any demands, audits, Actions and causes of action to the extent arising under paragraphs (a) through (d) above, a "<u>Claim</u>"). SpinCo and Parent, as applicable, shall cause each Service Provider to indemnify the applicable Service Recipient to the extent of Liabilities caused by such gross negligence or willful misconduct; <u>provided</u>, <u>however</u>, that each Party and its respective Service Providers' aggregate maximum liability to the other Party and its respective Service Recipients under this Agreement shall not exceed the aggregate fees received by Parent and its affiliated Service Providers pursuant to this Agreement; <u>provided</u>, <u>further</u>, that SpinCo shall indemnify Parent without limitation for all liabilities arising in connection with the SpinCo Migration Plan or SpinCo's failure to complete the migration in accordance with the SpinCo Migration Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <u>Sole and Exclusive Remedies</u>. Each Party acknowledges and agrees that the indemnification provided in this Article 7 shall be the sole and exclusive remedy of the Parties hereto and their Affiliates and their respective successors or assigns in respect of any claim for Liabilities arising under or out of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 <u>Procedures</u>. The provisions of Section 6.05 of the Separation and Distribution Agreement shall apply to indemnification claims under this Agreement *mutatis mutandis*.

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**ARTICLE 8** 

**<u>FORCE MAJEURE</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 Except for any payment obligations of either Party to the other Party, if a Service Provider or Service Recipient is hindered, delayed or prevented from performing its obligations under this Agreement, or if such performance is rendered impossible by reason of any force majeure event, which shall be deemed to include fire, explosion, earthquake, storm, flood, drought, embargo, pandemic, war or other hostilities, strike, lockout or other labor disturbance, mechanical breakdown, governmental action, or any other cause that is beyond the reasonable control of a Service Provider or Service Recipient, then the Party so hindered, delayed or prevented shall not be liable to the other Party for the resulting failure to carry out its obligations hereunder.

**ARTICLE 9** 

**<u>TERM AND TERMINATION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 <u>Term</u>. Unless earlier terminated pursuant to the provisions of this <u>Article</u> <u>9</u>, or extended by written agreement of the Parties with respect to any one or more of the Services, or parts thereof (which the Parties agree shall only be extended subject to the Service cost escalators set forth in <u>Section</u> <u>2.3</u> hereof), this Agreement shall expire at the end of the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 <u>Termination for Default</u>. If either Party fails to perform any of its material duties or obligations pursuant to this Agreement and such breach is not cured within fifteen (15) days, in the event such breach involves the payment of money, or within thirty (30) days, with respect to any other breach, after notice to such Party specifying the nature of such failure, the other Party may terminate this Agreement in its entirety, or with respect to any or all of the Services provided by such Party, upon further notice to the defaulting Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3 <u>Termination Upon Agreement</u>. A Service Recipient may request to terminate this Agreement in respect of any or all of the Services provided to such Service Recipient by a Service Provider by providing a minimum of forty-five (45) days (or such longer period as may be set forth in **<u>Exhibit 2.1(a)</u>** or **<u>Exhibit 2.1(b)</u>** with respect to a particular Service) prior written notice to the applicable Service Provider in the form of a Service cancellation notice materially consistent with the format attached as **<u>Exhibit 9.3</u>** ("<u>Cancellation Notice Form</u>"); <u>provided</u>, <u>however</u>, that if a Service Recipient provides such Cancellation Notice Form to the applicable Service Provider with respect to any Service, Service Recipient may not request Service Provider to provide such Service beyond the date specified in such Cancellation Notice Form. Service Provider shall consult in good faith with Service Recipient in connection with any such requested termination (including by providing any estimates of costs and expenses that Service Recipient would be required to bear pursuant to this <u>Section</u> <u>9.3</u> in the event of such a termination), and following such consultation, if such termination is approved by Service Provider, Service Recipient may terminate such Service. Notwithstanding a Service Recipient's right to terminate this Agreement with respect to any particular Service as set forth in this <u>Section</u> <u>9.3</u>, the relevant Service Recipient shall work with the relevant Service Provider to develop a plan for the timing and coordination of the orderly discontinuance of each Service and Service Recipient shall bear all documented out-of-pocket costs and expenses incurred by Service Provider in connection with such discontinuance of Service, including, for the avoidance of doubt, any costs payable by Service Recipient pursuant to <u>Section</u> <u>2.8(c)</u> of this Agreement; <u>provided</u>, that Service Provider shall cooperate with Service Recipient in good faith to minimize the incurrence of any additional costs and expenses in connection with such discontinuance of Service.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.4 <u>Effect of Termination</u>. Upon: (a) the expiration or termination of this Agreement; (b) termination of the provision of any Services pursuant to <u>Section</u> <u>9.2</u>; or (c) the termination of any Services pursuant to <u>Section</u> <u>9.3</u>, the Parties shall pay all costs and other sums owed to the other for the terminated Services provided or reimbursement of excess payments through the date of such expiration or termination on the payment terms set forth in <u>Section</u> <u>2.4</u>; *provided,* that any costs which are thereafter determined to be due and payable with respect to such Services shall be invoiced to the owing Party and paid on the payment terms set forth in <u>Section</u> <u>2.4</u>.

**ARTICLE 10** 

**<u>CONFIDENTIALITY AND DATA PRIVACY</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 All written confidential or proprietary information and documentation clearly marked "Proprietary" or other similar marking and all employee and payroll data or other information that would reasonably be understood to be confidential (the "<u>Confidential Information</u>") relating to either Party or its Affiliates shall be held in confidence by the other Party or its Affiliates to the same extent and in at least the same manner as such Party protects its own confidential or proprietary information of a similar nature. Subject to the exceptions provided in this <u>Article</u> <u>10</u>, neither Party shall disclose, publish, release, transfer or otherwise make available Confidential Information of the other Party in any form to, or for the use or benefit of, any Person without the other Party's approval. Each Party shall, however, be permitted to disclose relevant aspects of the other Party's Confidential Information to its officers, agents and employees and to the officers, agents and employees of its Affiliates to the extent that such disclosure is reasonably necessary to the performance of its duties and obligations or the exercise of its rights under this Agreement; <u>provided</u>, that such Party shall take all reasonable measures to ensure that Confidential Information of the other Party is not disclosed or duplicated in contravention of the provisions of this Agreement by such officers, agents and employees. The obligations in this <u>Article</u> <u>10</u> shall not: (a) restrict any disclosure by either Party pursuant to any applicable Law of any Governmental Authority (provided that the disclosing Party shall endeavor to give such notice to the non-disclosing Party as may be reasonable under the circumstances); and (b) apply with respect to information that: (i) is independently developed by the other Party; (ii) becomes part of the public domain (other than through unauthorized disclosure); (iii) is disclosed by the owner of such information to a third party free of any obligation of confidentiality; or (iv) either Party gained knowledge of, or possession of, free of any obligation of confidentiality.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2 Each Party shall comply with the terms of **<u>Exhibit</u> <u>10.2</u>** and with all applicable Laws (including state, federal and foreign privacy and Data Protection Legislation) that are or that may in the future be applicable to the provision of Services hereunder, including as related to any Personal Information.

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**ARTICLE 11** 

**<u>GOVERNANCE</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1 <u>TSA and Service Manager</u>. Each of Parent and SpinCo shall designate a person within their respective organization to be the person responsible for all matters relating to the consummation of this Agreement (the "<u>SpinCo TSA Manager</u>" and the "<u>Parent TSA Manager</u>" and each, a "<u>TSA Manager</u>"). The Parties may also agree for one or more Services to designate a person responsible for all matters and communication concerning the respective Service ("<u>Service Manager</u>"), including for managing and coordinating the performance of the respective Service. Parent and SpinCo, and each Service Provider and Service Recipient may change its designated TSA Manager or Service Manager from time to time, and inform the respective other Party, Service Provider or Service Recipient, as the case may be, in writing about such change.

**ARTICLE 12** 

**<u>MISCELLANEOUS PROVISIONS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1 <u>Notices</u>. All notices or other communications under this Agreement shall be in writing and shall be deemed to be duly given (a) when delivered in person, (b) on the date received, if sent by a nationally recognized delivery or courier service, (c) upon written confirmation of receipt after transmittal by electronic mail (followed by delivery of an original via overnight courier service) or (d) upon the earlier of confirmed receipt or the fifth (5th) business day following the date of mailing if sent by registered or certified mail, return receipt requested, postage prepaid and addressed as follows:

<u>if to SpinCo, to</u>:

Versigent PLC

Spitalstrasse 5

8200 Schaffhausen, Switzerland

Attention: [\*\*\*]

Email: [\*\*\*]

<u>with a copy (which shall not constitute notice) to</u>:

Versigent PLC

Spitalstrasse 5

8200 Schaffhausen, Switzerland

Attention: [\*\*\*]

Email: [\*\*\*]

<u>if to Parent, to</u>:

Aptiv PLC

Spitalstrasse 5

8200 Schaffhausen, Switzerland

Attention: [\*\*\*]

Email: [\*\*\*]

<u>with a copy (which shall not constitute notice) to</u>:

Aptiv PLC

Spitalstrasse 5

8200 Schaffhausen, Switzerland

Attention: [\*\*\*]

Email: [\*\*\*]

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2 Either Party may, by notice to the other Party, change the address and identity of the Person to which such notices and copies of such notices are to be given. Each Party agrees that nothing in this Agreement shall affect the other Party's right to serve process in any other manner permitted by Law (including pursuant to the rules for foreign service of process authorized by the Hague Convention).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3 <u>Waivers of Default</u>. No failure or delay of any Party (or the applicable member of its Group) in exercising any right or remedy under this Agreement or any Ancillary Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. Waiver by any Party of any default by the other Party of any provision of this Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4 <u>Amendments</u>. No provisions of this Agreement shall be deemed waived, amended, supplemented or modified by any Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of each Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.5 <u>Expenses</u>. Except as otherwise expressly provided herein, each Party shall pay its own expenses incident to this Agreement and the transactions contemplated herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.6 <u>Governing Law; Dispute Resolution; WAIVER OF JURY TRIAL</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Agreement (and any claims or disputes arising out of or related hereto or to the transactions contemplated hereby or to the inducement of any Party to enter herein, whether for breach of contract, tortious conduct or otherwise and whether predicated on common law, statute or otherwise) shall be governed by and construed and interpreted in accordance with the Laws of the State of Delaware, irrespective of the choice of laws principles of the State of Delaware, including all matters of validity, construction, effect, enforceability, performance and remedies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 11.02 and Section 11.03 of the Separation and Distribution Agreement shall apply to all Disputes arising out of or relating to this Agreement, *mutatis mutandis*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY BASED UPON, RELATING TO OR ARISING FROM THIS AGREEMENT AND ANY OF THE OTHER TRANSACTION DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (I) NO

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REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE EITHER OF SUCH WAIVERS, (II) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVERS, (III) IT MAKES SUCH WAIVERS VOLUNTARILY AND (IV) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS <u>SECTION</u> <u>12.6(c)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.7 <u>Assignment; Successors and Assigns; No-Third Party Beneficiaries</u>. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns; <u>provided</u>, <u>however</u>, that no Party may assign its respective rights or delegate its respective obligations under this Agreement without the express prior written consent of the other Party. Notwithstanding the foregoing, no such consent shall be required for (a) the assignment of a Party's right to provide Services and receive payment under this Agreement to a Subsidiary of such Party; <u>provided</u>, that the assigning Party shall not be relieved of any of its obligations hereunder and (b) the assignment of a Party's rights and obligations under this Agreement in connection with (i) a change of control of such Party or (ii) any sale or disposition of substantially all of the assets or lines of business of such Party, in each case, so long as the resulting, surviving or transferee Person assumes all the obligations of the relevant party thereto by operation of Law or pursuant to an agreement in form and substance reasonably satisfactory to the other Party. No provision of this Agreement is intended to confer any rights, benefits, remedies or Liabilities hereunder upon any person other than the Parties and their respective successors and permitted assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.8 <u>Counterparts; Effectiveness</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each Party and delivered to each other Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Party acknowledges that it and each other Party may execute this Agreement by facsimile, stamp or mechanical signature. Each Party expressly adopts and confirms each such facsimile, stamp or mechanical signature made in its respective name as if it were a manual signature, agrees that it shall not assert that any such signature is not adequate to bind such Party to the same extent as if it were signed manually and agrees that at the reasonable request of any other Party at any time it shall as promptly as reasonably practicable cause this Agreement to be manually executed (any such execution to be as of the date of the initial date thereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.9 <u>Entire Agreement</u>. This Agreement and the exhibits, annexes and schedules hereto contain the entire agreement between the Parties with respect to the subject matter hereof, supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter and there are no agreements or understandings between the Parties with respect to such subject matter other than those set forth or referred to herein.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.10 <u>Severability</u>. If any provision of this Agreement or the application thereof to any Person or circumstance is determined by an arbitrator or court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances, or in jurisdictions other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to either Party. Upon any such determination, any such provision, to the extent determined to be invalid, void or unenforceable, shall be deemed replaced by a provision that such arbitrator or court determines is valid and enforceable and that comes closest to expressing the intention of the invalid, void or unenforceable provision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.11 <u>Relationship of the Parties</u>. The relationship of the Parties, or any Service Provider and any Service Recipient, to each other is that of independent contractors and neither Party nor its agents or employees shall be considered employees or agents of the other Party. This Agreement does not constitute and shall not be construed as constituting a partnership or joint venture or grant of a franchise between Parent and SpinCo or any Service Provider and any Service Recipient. Neither Party shall have the right to bind the other Party to any obligations to third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.12 <u>Access to Parent Systems</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event that employees of SpinCo or any of its Subsidiaries are provided access to the Systems of Parent or any of its Affiliates in connection with the provision or receipt of Services, SpinCo will cause such employees to sign and deliver to Parent a reasonable confidentiality agreement acceptable to Parent, and will ensure such employees (i) abide by Parent's rules, regulations and policies applicable to such employees' access to and use of such Systems (copies of which will be provided or made available to SpinCo and such employees) and (ii) not disable, damage or otherwise impair in any material respect the operation of the Systems. SpinCo shall ensure that any such access granted by Parent shall be used by such personnel only for the purposes contemplated by, and subject to the terms of, this Agreement, or as otherwise determined by the Parties, and shall access and use only those portions of the Systems for which SpinCo has been granted the right to access and use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event that either Party or any of its Affiliates becomes aware of any actual or reasonably suspected cyber incident that is reasonably likely to adversely affect the performance, delivery or receipt of the Services or the Systems (including any data thereon), then such Party shall, as soon as reasonably practicable, notify the other Party of such cyber incident. In the event of a vulnerability or a cyber incident for which Parent reasonably believes the Systems (or any data thereon) have been or could be compromised by a malicious threat actor, SpinCo agrees that Parent may take all steps it deems necessary and appropriate to remediate the vulnerability or the cyber incident, including termination of or blocking SpinCo's and its personnel's access to the Systems. SpinCo shall cooperate with Parent in investigating any apparent unauthorized access to the Systems, and shall complete all remediation reasonably required by SpinCo to remediate a vulnerability or contain a cyber incident, and prevent any reoccurrence.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) SpinCo agrees that Parent may terminate or block SpinCo's access and connectivity to the Systems, or deny personnel of SpinCo access to its Systems, upon notice to SpinCo if Parent reasonably believes that such personnel have violated the requirements set forth in this <u>Section</u> <u>12.12</u> (including if Parent reasonably believes SpinCo or any of its personnel has failed to comply with the security guidelines of Parent or is a security concern), or that any unauthorized personnel has accessed the Systems or any portion of a System, in each case until such time as SpinCo has remedied such non-compliance or other issue in a manner satisfactory to Parent. If any Service is terminated, SpinCo's access to the System required solely in connection with the performance of or delivery of such terminated Service shall also be terminated. SpinCo shall ensure that all such employees comply with such agreements and this <u>Section</u> <u>12.12</u>, and shall be jointly and severally liable with such employees for any breaches thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.13 <u>Headings</u>. The article, section and paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.14 <u>Conflict</u>. In case of any conflict between the terms and conditions of this Agreement and any Exhibit, the terms and conditions of the Exhibit shall govern.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.15 <u>Survival</u>. The provisions of <u>Section</u> <u>2.3</u>, <u>Section</u> <u>2.4</u>, <u>Section</u> <u>2.5</u>, <u>Section</u> <u>2.9</u>, <u>Section</u> <u>3.1</u>, <u>Section</u> <u>4.2</u>, <u>Article</u> <u>6</u>, <u>Article</u> <u>7</u>, <u>Article</u> <u>8</u>, <u>Section</u> <u>9.4</u>, <u>Article</u> <u>10</u> and <u>Article</u> <u>12</u> shall survive the expiration or the termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.16 <u>Tax Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Sales Tax or Other Transfer Taxes</u>. All sums payable under this Agreement are exclusive of value added tax, sales tax, service tax and turnover tax that may be levied in any jurisdiction which shall (if and to the extent applicable with respect to a Service) be payable by Service Recipient of such Service. Each of Service Providers and Service Recipients shall be liable for its own income taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Withholding Tax or Other Similar Taxes</u>. If any withholding or deduction from any payment under this Agreement by any Service Recipient in relation to any Service is required in respect of any taxes pursuant to any applicable Law, such Service Recipient shall: (i) gross up the amount payable such that the applicable Service Provider receives an amount equal to the amount owed in respect of that Service, net of the withholding or deduction; (ii) deduct such tax from the amount payable to such Service Provider; (iii) timely pay the deducted amount referred to in clause (ii) to the relevant Governmental Authority (including any taxing authority); and (iv) promptly forward to such Service Provider a withholding tax certificate evidencing such timely payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Cooperation</u>. Each Service Recipient and each Service Provider shall take reasonable steps to cooperate to minimize the imposition of, and the amount of, taxes described in this <u>Section</u> <u>12.16</u> (including through the provision of relevant forms or other documents).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.17 <u>Independent Contractors</u>. Nothing contained herein is intended or shall be deemed to make any Party or its respective Affiliates the agent, employee, partner or joint venture of any other Party or its Affiliates or be deemed to provide such Party or its Affiliates with the power or authority to act on behalf of the other Party or its Affiliates or to bind the other Party or its Affiliates to any Contract, agreement or arrangement with any other individual or entity. A Service Provider hereunder shall act as an independent contractor and not as the agent of the Service Recipient in performing such Service, maintaining control over its employees, its subcontractors and their employees and complying with all withholding of income at source requirements, whether federal, state, local or foreign.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.18 <u>Rules of Construction</u>. Interpretation of this Agreement shall be governed by the rules of construction set forth in Section 11.10 of the Separation and Distribution Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.19 <u>Non-Recourse</u>. All claims, obligations, liabilities, or causes of action (whether in contract or in tort, in law or in equity, or granted by statute) that may be based upon, in respect of, arise under, out or by reason of, be connected with, or relate in any manner to this Agreement, or the negotiation, execution, or performance of this Agreement (including any representation or warranty made in, in connection with, or as an inducement to, this Agreement), may be made only against (and are expressly limited to) the entities that are expressly identified as Parties to this Agreement and their respective Affiliates. No Person who is not a Party, including any past, present or future director, officer, employee, incorporator, member, partner, manager, stockholder, Affiliate, agent, attorney, or representative of, and any financial advisor or lender to, any Party, or any director, officer, employee, incorporator, member, partner, manager, stockholder, Affiliate, agent, attorney, or representative of, and any financial advisor or lender to, any of the foregoing ("<u>Nonparty Affiliates</u>"), shall have any liability (whether in contract or in tort, in law or in equity, or granted by statute) for any claims, causes of action, obligations, or liabilities arising under, out of, in connection with, or related in any manner to, this Agreement or based on, in respect of, or by reason of this Agreement or its negotiation, execution, performance, or breach; and, to the maximum extent permitted by Law, each Party hereby waives and releases all such liabilities, claims, causes of action, and obligations against any such Nonparty Affiliates.

[*Signature page follows.*]

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IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly authorized representatives.

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| | |
|:---|:---|
| **APTIV PLC** | **APTIV PLC** |
| By: | /s/ Varun Laroyia |
| Name: Varun Laroyia | Name: Varun Laroyia |
| Its: Executive VP & CFO | Its: Executive VP & CFO |
| **VERSIGENT LIMITED** | **VERSIGENT LIMITED** |
| By: | /s/ Timothy Seitz |
| Name: Timothy Seitz | Name: Timothy Seitz |
| Its: Director | Its: Director |

---

[*Signature Page to TSA*]

## Exhibit 10.2

**Exhibit 10.2** 

EXECUTION VERSION

TAX MATTERS AGREEMENT

BY AND BETWEEN

APTIV PLC

AND

VERSIGENT LIMITED

DATED AS OF MARCH 30, 2026

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS TAX MATTERS AGREEMENT HAS BEEN OMITTED BY MEANS OF REDACTING A PORTION OF THE TEXT AND REPLACING IT WITH [\*\*\*], PURSUANT TO REGULATION S-K ITEM 601(B) OF THE SECURITIES ACT OF 1933, AS AMENDED. CERTAIN CONFIDENTIAL INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS: (i) NOT MATERIAL AND (ii) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.

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**TABLE OF CONTENTS** 

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| | | |
|:---|:---|:---|
| | | **Page** |
|  ARTICLE I DEFINITION OF TERMS | ARTICLE I DEFINITION OF TERMS | 1 |
|  ARTICLE II ALLOCATION OF AND INDEMNIFICATION FOR TAX LIABILITIES AND TAX-RELATED LOSSES | ARTICLE II ALLOCATION OF AND INDEMNIFICATION FOR TAX LIABILITIES AND TAX-RELATED LOSSES | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 2.01 | General Rule | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 2.02 | General Allocation Principles | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 2.03 | Allocation Conventions | 12 |
|  ARTICLE III PREPARATION AND FILING OF TAX RETURNS | ARTICLE III PREPARATION AND FILING OF TAX RETURNS | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 3.01 | Parent Separate Returns and Joint Returns | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 3.02 | SpinCo Separate Returns | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 3.03 | Tax Reporting Practices | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 3.04 | Protective Section 336(e) Election | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 3.05 | SpinCo Carrybacks and Claims for Refund | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 3.06 | Apportionment of Tax Attributes | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 3.07 | UK Group Relief | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 3.08 | Allocation of Employment Taxes | 15 |
|  ARTICLE IV TAX PAYMENTS | ARTICLE IV TAX PAYMENTS | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 4.01 | Taxes Shown on Tax Returns | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 4.02 | Adjustments Resulting in Underpayments | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 4.03 | Indemnification Payments | 16 |
|  ARTICLE V TAX BENEFITS | ARTICLE V TAX BENEFITS | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 5.01 | Tax Refunds | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 5.02 | Other Tax Benefits | 17 |
|  ARTICLE VI INTENDED TAX TREATMENT | ARTICLE VI INTENDED TAX TREATMENT | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 6.01 | Representations and Warranties | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 6.02 | Restrictions Relating to the Distribution | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 6.03 | Additional Procedures Regarding Post-Distribution Rulings and Unqualified Tax Opinions | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 6.04 | Liability for Specified Separation Taxes and Tax-Related Losses | 22 |
|  ARTICLE VII ASSISTANCE AND COOPERATION | ARTICLE VII ASSISTANCE AND COOPERATION | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 7.01 | Assistance and Cooperation | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 7.02 | Tax Return Information | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 7.03 | Reliance by Parent | 24 |

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i

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 7.04 | Reliance by SpinCo | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 7.05 | Other Separation Taxes | 24 |
|  ARTICLE VIII TAX RECORDS | ARTICLE VIII TAX RECORDS | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 8.01 | Retention of Tax Records | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 8.02 | Access to Tax Records | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 8.03 | Preservation of Privilege | 25 |
|  ARTICLE IX TAX CONTESTS | ARTICLE IX TAX CONTESTS | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 9.01 | Notice | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 9.02 | Control of Tax Contests | 26 |
|  ARTICLE X SURVIVAL OF OBLIGATIONS | ARTICLE X SURVIVAL OF OBLIGATIONS | 29 |
|  ARTICLE XI TAX TREATMENT OF INTEREST | ARTICLE XI TAX TREATMENT OF INTEREST | 29 |
|  ARTICLE XII GROSS-UP OF INDEMNIFICATION PAYMENTS | ARTICLE XII GROSS-UP OF INDEMNIFICATION PAYMENTS | 29 |
|  ARTICLE XIII DISPUTE RESOLUTION | ARTICLE XIII DISPUTE RESOLUTION | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 13.01 | Tax Disputes | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 13.02 | Legal Disputes | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 13.03 | Injunctive Relief | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 13.04 | Specific Performance | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 13.05 | Venue for Injunctive Relief and Specific Performance Claims by Parent | 31 |
|  ARTICLE XIV GENERAL PROVISIONS | ARTICLE XIV GENERAL PROVISIONS | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.01 | Conflicting Agreements | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.02 | Reserved. | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.03 | Interest on Late Payments | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.04 | Counterparts | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.05 | Successors | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.06 | Application to Present and Future Subsidiaries | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.07 | Governing Law | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.08 | Assignability | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.09 | Further Assurances | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.10 | Survival | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.11 | Severability | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.12 | Amendments | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.13 | Headings | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.14 | Waivers of Default | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.15 | Continuity of Service and Performance | 33 |

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ii

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.16 | Notices | 33.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.17 | Interpretation | 34.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 14.18 | Distribution Date | 35.0 |

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iii

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TAX MATTERS AGREEMENT

This TAX MATTERS AGREEMENT (this "<u>Agreement</u>") is entered into effective as of March 30, 2026 by and between Aptiv PLC, a Jersey public limited company ("<u>Parent</u>") and Versigent Limited, a Jersey private limited company and wholly owned subsidiary of Parent ("<u>SpinCo</u>"). Parent and SpinCo are each a "<u>Party</u>" and are sometimes referred to herein collectively as the "<u>Parties.</u>" Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to them in <u>Article I</u> of this Agreement.

RECITALS

WHEREAS, Parent, acting together with its Subsidiaries, currently conducts the Parent Business and the SpinCo Business and the board of directors of Parent has determined that it is appropriate, desirable and in the best interests of Parent and its stockholders to separate the Parent Business from the SpinCo Business in the manner described in the Separation and Distribution Agreement, dated as of March 30, 2026, by and between the Parties (such agreement, as amended, the "<u>Separation Agreement</u>" and such separation the "<u>Separation</u>") and, following the Separation, to undertake the Distribution;

WHEREAS, the Parties intend that the Distribution will qualify as a distribution under Section 355(a) of the Internal Revenue Code of 1986, as amended (the "<u>Code</u>"); and

WHEREAS, Parent and SpinCo desire to set forth their agreement on the rights and obligations of Parent and SpinCo and the members of the Parent Group and the SpinCo Group, respectively, with respect to (A) the administration and allocation of federal, state, local, and foreign Taxes incurred in Tax Periods beginning prior to the Distribution Date, (B) Taxes resulting from the Distribution and transactions effected in connection with the Distribution and (C) various other Tax matters.

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements, provisions and covenants contained in this Agreement, the Parties hereby agree as follows:

**ARTICLE I** 

**DEFINITION OF TERMS** 

For purposes of this Agreement (including the recitals hereof), the following terms have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.01 "<u>Active Business</u>" shall mean any business relied on to satisfy (i) the active trade or business requirement of Section 355(b) of the Code (taking into account Section 355(b)(3) of the Code) or (ii) the continuity of business enterprise requirements under Treasury Regulations Section 1.355-3 and Treasury Regulations Section 1.368-1(d), in each case, to the extent identified as such in the Tax Materials.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.02 "<u>Adjustment Request</u>" means any formal or informal claim or request filed with any Tax Authority, or with any administrative agency or court, for the adjustment, refund, or credit of Taxes, including (i) any amended Tax Return claiming adjustment to the Taxes as reported on the Tax Return or, if applicable, as previously adjusted, (ii) any claim for equitable recoupment or other offset, and (iii) any claim for refund or credit of Taxes previously paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.03 "<u>Affiliate</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.04 "<u>Agreement</u>" means this Tax Matters Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.05 "<u>Ancillary Agreement</u>" has the meaning set forth in the Separation Agreement; <u>provided</u>*,* <u>however</u>*,* that for purposes of this Agreement, this Agreement shall not constitute an Ancillary Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.06 "<u>Assets</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.07 "<u>Capital Stock</u>" means all classes or series of capital stock of a Person, including (i) common stock, (ii) all options, warrants and other rights to acquire such capital stock and (iii) all instruments properly treated as stock in such Person for U.S. federal Income Tax purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.08 "<u>Closing of the Books Method</u>" means the apportionment of items between portions of a Tax Period based on a closing of the books and records on the close of the Distribution Date (in the event that the Distribution Date is not the last day of the Tax Period, as if the Distribution Date were the last day of the Tax Period), subject to adjustment for items accrued on the Distribution Date that are properly allocable to the Tax Period following the Distribution, as determined by Parent in its sole and absolute discretion; <u>provided</u> that any items not susceptible to such apportionment shall be apportioned on the basis of elapsed days during the relevant portion of the Tax Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.09 "<u>Code</u>" has the meaning set forth in the recitals to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.10 "<u>Controlling Party</u>" has the meaning set forth in <u>Section</u> <u>9.02(c)</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.11 "<u>Dispute</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.12 "<u>Distribution</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.13 "<u>Distribution Date</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.14 "<u>Employee Matters Agreement</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.15 "<u>Final Allocation</u>" has the meaning set forth in <u>Section</u> <u>3.06(b)</u> of this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.16 "<u>Final Determination</u>" means the final resolution of liability for any Tax, which resolution may be for a specific issue or adjustment or for any Tax Period, (i) by IRS Form 870 or 870-AD (or any successor forms thereto), on the date of acceptance by or on behalf of the taxpayer, or by a comparable form under the laws of a state, local, or foreign taxing jurisdiction, except that a Form 870 or 870-AD or comparable form shall not constitute a Final Determination to the extent that it reserves (whether by its terms or by operation of law) the right of the taxpayer to file a claim for refund or the right of the Tax Authority to assert a further deficiency in respect of such issue or adjustment or for such Tax Period (as the case may be); (ii) by a decision, judgment, decree, or other order by a court of competent jurisdiction, which has become final and unappealable; (iii) by a closing agreement or accepted offer in compromise under Sections 7121 or 7122 of the Code, or a comparable agreement under the laws of a state, local, or foreign taxing jurisdiction; (iv) by any allowance of a refund or credit in respect of an overpayment of a Tax, but only after the expiration of all periods during which such refund may be recovered (including by way of offset) by the jurisdiction imposing such Tax; (v) by a final settlement resulting from a treaty-based competent authority determination; or (vi) by any other final disposition, including by reason of the expiration of the applicable statute of limitations, the execution of a pre-filing agreement with the IRS or other Tax Authority, or by mutual agreement of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.17 "<u>Governmental Authority</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.18 "<u>Group</u>" means (a) with respect to Parent, the Parent Group, and (b) with respect to SpinCo, the SpinCo Group, as the context requires.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.19 "<u>Income Tax</u>" means any and all U.S. federal, state, local and foreign income, franchise or similar Taxes imposed on (or measured by) net income or net profits, including any interest, penalties, additions to Tax or additional amounts in respect of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.20 "<u>Incremental Other Separation Taxes</u>" has the meaning set forth in <u>Section</u> <u>6.05</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.21 "<u>Intended Tax Treatment</u>" means the qualification of (x) the Distribution as a distribution under Section 355(a) of the Code, in which the stock distributed thereby is "qualified property" for purposes of Sections 355(c) and 361(c) of the Code (and neither Section 355(d) nor Section 355(e) of the Code causes such stock to be treated as other than "qualified property" for such purposes), (y) each of the Swiss demergers of Aptiv Technologies AG, Aptiv Manufacturing Management Services GmbH and Aptiv PLC as a tax-neutral reorganization in accordance with Swiss tax law as described in the Swiss Tax Rulings, and (z) each of the transactions undertaken pursuant to the Separation identified on Schedule B (including, for the avoidance of doubt, the Internal Spin-Off) as the tax treatment specified for each such transaction therein under applicable Tax Law. The term "Intended Tax Treatment" will, as applicable, also include the qualification of each transaction described in clauses (x), (y) and (z) above under comparable provisions of state or local Tax Law, or, in the case of clauses (y) and (z), foreign Tax Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.22 "<u>Internal Spin-Off</u>" means the transactions undertaken pursuant to the Separation and comprising the U.S. Group Separation as set forth on Schedule B.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.23 "<u>IRS</u>" means the U.S. Internal Revenue Service or any successor agency.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.24 "<u>Joint Return</u>" means any Tax Return that includes, by election or otherwise, one or more members of the Parent Group together with one or more members of the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.25 "<u>Law</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.26 "<u>Liabilities</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.27 "<u>Loss</u>" has the meaning set forth in <u>Section</u> <u>5.02</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.28 "<u>Non-Controlling Party</u>" has the meaning set forth in <u>Section</u> <u>9.02(c)</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.29 "<u>Notified Action</u>" has the meaning set forth in <u>Section</u> <u>6.03(a)</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.30 "<u>OECD</u>" means The Organisation for Economic Co-operation and Development.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.31 "<u>OECD Pillar Two Model Rules</u>" means the rules published by the OECD on or about December 20, 2021 in the document "OECD/G20 Base Erosion and Profit Shifting Project Tax Challenges Arising from Digitalisation of the Economy – Global Anti-Base Erosion Model Rules (Pillar Two): Inclusive Framework on BEPS".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.32 "<u>Other Separation Taxes</u>" means any Taxes imposed on the Parent Group or the SpinCo Group in connection with the Separation Transactions, other than Specified Separation Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.33 "<u>Parent</u>" has the meaning set forth in the preamble to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.34 "<u>Parent Business</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.35 "<u>Parent Disqualifying Act</u>" means, with respect to any Specified Separation Taxes, any breach of or inaccuracy in, or failure to perform, as applicable, any representation, covenant or obligation of any member of the Parent Group pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.36 "<u>Parent Group</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.37 "<u>Parent Separate Return</u>" means any Tax Return of or including any member of the Parent Group (including any consolidated, combined or unitary return) that does not include any member of the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.38 "<u>Parent Stock</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.39 "<u>Parties</u>" and "<u>Party</u>" have the meaning set forth in the preamble to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.40 "<u>Past Practices</u>" has the meaning set forth in <u>Section</u> <u>3.03(a)</u> of this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.41 "<u>Payment Date</u>" means, with respect to a Tax Return, (A) the due date for any required installment of estimated Taxes, (B) the due date (determined without regard to extensions) for filing such Tax Return, or (C) the date such Tax Return is filed, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.42 "<u>Payor</u>" has the meaning set forth in <u>Section</u> <u>4.03(a)</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.43 "<u>Person</u>" means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization or a Governmental Authority or any department, agency or political subdivision thereof, without regard to whether any entity is treated as disregarded for U.S. federal Income Tax purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.44 "<u>Pillar Two Rule(s)</u>" means the OECD Pillar Two Model Rules, including any associated guidance, published by the OECD, and/or any related or similar national or international (incl. supranational) laws of any jurisdiction (in particular the Swiss Ordinance on the minimum taxation of large groups of companies of December 22, 2023 (*Mindestbesteuerungsverordnung, / Ordonnance sur l'imposition minimale*)), in each case as issued, amended or replaced from time to time, or as substituted or superseded and overruled by any law, statute, ordinance, regulation or the like as in force from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.45 <u>"Pillar Two Taxes"</u> means any Tax imposed under any Pillar Two Rules, including for the avoidance of doubt any Tax which is suffered by reason of the disallowance of any deduction or relief, or any other adjustment required, pursuant to any Pillar Two Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.46 "<u>Post-Distribution Period</u>" means any Tax Period beginning after the Distribution Date and, in the case of any Straddle Period, the portion of such Tax Period beginning on the day after the Distribution Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.47 "<u>Post-Distribution Ruling</u>" has the meaning set forth in <u>Section</u> <u>6.02(c)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.48 "<u>Pre-Distribution Period</u>" means any Tax Period ending on or before the Distribution Date and, in the case of any Straddle Period, the portion of such Straddle Period ending on and including the Distribution Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.49 "<u>Prime Rate</u>" means the interest rate equal to the prime rate as determined in Section 2.03(d)(iii)(3) of the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.50 "<u>Prior Group</u>" means any group that filed or was required to file (or will file or be required to file) a Tax Return, for a Tax Period or portion thereof ending at the close of the Distribution Date, on an affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) that includes at least one member of the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.51 "<u>Privilege</u>" means any privilege that may be asserted under applicable law, including, any privilege arising under or relating to the attorney-client relationship (including the attorney-client and work product privileges), the accountant-client privilege and any privilege relating to internal evaluation processes.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.52 "<u>Proposed Acquisition Transaction</u>" means a transaction or series of transactions (or any agreement, understanding or arrangement within the meaning of Section 355(e) of the Code and Treasury Regulations Section 1.355-7, or any other regulations promulgated thereunder, to enter into a transaction or series of transactions), whether such transaction is supported by SpinCo management or shareholders, is a hostile acquisition, or otherwise, as a result of which SpinCo (or any successor thereto) would merge or consolidate with any other Person or as a result of which one or more Persons would (directly or indirectly) acquire, or have the right to acquire, from SpinCo (or any successor thereto) and/or one or more holders of SpinCo Capital Stock, respectively, any amount of stock of SpinCo, that would, when combined with any other direct or indirect changes in ownership of the stock of SpinCo pertinent for purposes of Section 355(e) of the Code and the Treasury Regulations promulgated thereunder, comprise forty percent (40%) or more of (i) the value of all outstanding shares of SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series, or (ii) the total combined voting power of all outstanding shares of voting stock of SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series. Notwithstanding the foregoing, a Proposed Acquisition Transaction shall not include (i) the adoption by SpinCo of a customary shareholder rights plan or (ii) issuances by SpinCo that satisfy Safe Harbor VIII (relating to acquisitions in connection with a Person's performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury Regulations Section 1.355-7(d). For purposes of determining whether a transaction constitutes an indirect acquisition, any recapitalization resulting in a shift of voting power or any redemption of shares of stock shall be treated as an indirect acquisition of shares of stock by the non-exchanging shareholders. This definition and the application thereof are intended to monitor compliance with Section 355(e) of the Code and the Treasury Regulations promulgated thereunder and shall be interpreted and applied accordingly. Any clarification of, or change in, the statute or regulations promulgated under Section 355(e) of the Code shall be incorporated in this definition and its interpretation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.53 "<u>Proposed Allocation</u>" shall have the meaning set forth in <u>Section</u> <u>3.06(b)</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.54 "<u>Representation Letters</u>" means the representation letters of officers of Parent and/or SpinCo (or any of their Affiliates), provided to any Tax Advisor in connection with any Tax Opinion issued in connection with the Separation Transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.55 "<u>Required Party</u>" has the meaning set forth in <u>Section</u> <u>4.03(a)</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.56 "<u>Responsible Party</u>" means, with respect to any Tax Return, the Party having responsibility for preparing and filing such Tax Return under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.57 "<u>Restricted Period</u>" shall mean the period beginning on the Distribution Date and ending on the two (2)-year anniversary of the day after the Distribution Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.58 "<u>Retention Date</u>" has the meaning set forth in <u>Section</u> <u>8.01</u> of this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.59 "<u>Section</u> <u>6.02(b)(v) Acquisition Transaction</u>" has the meaning set forth in <u>Section</u> <u>6.02(b)(v)</u>.<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.60 "<u>Separation</u>" means, collectively, all of the transactions undertaken to separate the SpinCo Business from the Parent Business in connection with the Distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.61 "<u>Separation Agreement</u>" has the meaning set forth in the recitals to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.62 "<u>Separation Transactions</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.63 "<u>Specified Separation Taxes</u>" means any and all Taxes incurred solely as a result of the failure of any of the Separation Transactions to qualify for the Intended Tax Treatment of such Separation Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.64 "<u>SpinCo</u>" has the meaning provided in the preamble to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.65 "<u>SpinCo Business</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.66 "<u>SpinCo Carryback</u>" means any net operating loss, net capital loss, excess Tax credit, or other similar Tax item of any member of the SpinCo Group which may or must be carried from one Tax Period to another prior Tax Period under the Code or other applicable Tax Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.67 "<u>SpinCo Disqualifying Act</u>" shall mean (a) any action (or the failure to take any action) by any member of the SpinCo Group after the Distribution (including entering into any agreement, understanding or arrangement or any negotiations with respect to any transaction or series of transactions), (b) any event (or series of events) after the Distribution involving the SpinCo Capital Stock or any stock or assets of any member of the SpinCo Group or (c) any breach by any member of the SpinCo Group after the Distribution of any representation, warranty or covenant made by them in this Agreement, that, in each case, would adversely affect, jeopardize or prevent the Intended Tax Treatment; <u>provided</u>, <u>however</u>, that the term "SpinCo Disqualifying Act" shall not include any action required by the Separation Agreement, or any Ancillary Agreement or that is undertaken pursuant to the Separation or the Distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.68 "<u>SpinCo Group</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.69 "<u>SpinCo Separate Return</u>" means any Tax Return of or including any member of the SpinCo Group (including any consolidated, combined or unitary return) that does not include any member of the Parent Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.70 "<u>SpinCo Stock</u>" has the meaning set forth in the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.71 "<u>Straddle Period</u>" means any Tax Period that begins before and ends after the Distribution Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.72 "<u>Subsidiary</u>" has the meaning set forth in the Separation Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.73 "<u>Swiss Ordinance</u>" means the Swiss Federal Ordinance on the Minimum Taxation of Large Groups of Companies of 22 December 2023 (Mindestbesteuerungsverordnung / Ordonnance sur l'imposition minimale), including any implementing provisions, ordinances, regulations, administrative guidance or circulars issued thereunder by any competent Swiss authority, as amended, replaced or restated from time to time, and any successor legislation implementing or giving effect to the OECD/G20 Pillar Two framework in Switzerland.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.74 "<u>Swiss Tax Rulings</u>" means all Swiss Tax Rulings filed with the Schaffhausen Cantonal Tax Authorities and the Swiss Federal Tax Administration in connection with the Separation, including the tax residency rulings filed on 12 September 2025 and update filed on 30 October 2025 and confirmed on 3 November 2025 by the Schaffhausen Cantonal Tax Authorities and filed on 12 September 2025 and confirmed on 17 November 2025 by the Swiss Federal Tax Administration (ruling and refund division); the transaction rulings filed on 12 September 2025 and update filed on 3 November 2025 and confirmed on 28 November 2025 as well as an update filed on 10 March 2026 and confirmed on 12 March 2026 by the Schaffhausen Cantonal Tax Authorities and the transaction rulings filed on 12 September 2025 and confirmed on 30 September 2025 as well as an update filed on 23 February 2026 and confirmed on 2 March 2026 (ruling division) and 17 November 2025 (refund division) by the Swiss Federal Tax Administration; the insurance stamp duty on insurance premiums ruling filed on 22 January 2026 and confirmed on 3 February 2026 by the Swiss Federal Tax Administration, the VAT ruling filed on 12 September 2025 and confirmed on 24 November 2025; and the financing ruling filed on 22 January 2026 and confirmed on 24 February 2026 by the Swiss Federal Tax Administration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.75 "<u>Tax</u>" or "<u>Taxes</u>" means (i) any and all income, gross income, gross receipts, profits, Pillar Two Taxes, capital stock, franchise, withholding, payroll, social security, workers compensation, unemployment, disability, property, ad valorem, value added, stamp, excise, severance, occupation, service, sales, use, license, lease, transfer, import, export, escheat, alternative minimum, universal service fund, estimated or other tax (including any fee, assessment, or other charge in the nature of or in lieu of any tax), imposed by any Governmental Authority or political subdivision thereof, and any interest, penalty, additions to tax or additional amounts in respect of the foregoing, (ii) liability for the payment of any amount of the type described in clause (i) above arising as a result of being (or having been) a member of any consolidated, combined, unitary or similar group or being (or having been) included or required to be included in any Tax Return related thereto and (iii) liability for the payment of any amount of the type described in clause (i) or (ii) above as a result of any express or implied obligation to indemnify or otherwise assume or succeed to the liability of any other Person. For the avoidance of doubt, Tax includes any increase in Tax as a result of a Final Determination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.76 "<u>Tax Advisor</u>" means a Tax counsel or accountant, in each case of recognized national standing, acceptable to Parent in its sole and absolute discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.77 "<u>Tax Attribute</u>" means a net operating loss, net capital loss, unused investment credit, unused foreign Tax credit (including credits of a foreign company under Section 902 of the Code), excess charitable contribution, general business credit, research and development credit, earnings and profits, basis, statutory capital contribution reserves in accordance with art. 5 para. 1<sup>bis</sup> Swiss Withholding Tax Act dated 13 October 1965 or any other Tax Item that could reduce a Tax or create a Tax Benefit.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.78 "<u>Tax Authority</u>" means, with respect to any Tax, the Governmental Authority or political subdivision thereof that imposes such Tax, and the agency (if any) charged with the collection of such Tax for such entity or subdivision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.79 "<u>Tax Benefit</u>" means any refund, credit, loss, deduction, offset or other item that causes reduction in otherwise required liability for Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.80 "<u>Tax Contest</u>" means an audit, review, examination, contest, litigation, investigation or any other administrative or judicial proceeding with the purpose or effect of redetermining Taxes (including any administrative or judicial review of any claim for refund).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.81 "<u>Tax Item</u>" means, with respect to any Income Tax, any item of income, gain, loss, deduction, or credit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.82 "<u>Tax Law</u>" means the Law of any Governmental Authority or political subdivision thereof relating to any Tax.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.83 "<u>Tax Materials</u>" shall have the meaning set forth in <u>Section</u> <u>6.01(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.84 "<u>Tax Opinions</u>" means any opinions of Tax Advisors deliverable to Parent in connection with the Distribution or any other Separation Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.85 "<u>Tax Period</u>" means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.86 "<u>Tax Records</u>" means any (i) Tax Returns, (ii) Tax Return workpapers, (iii) documentation relating to any Tax Contests, and (iv) any other books of account or records (whether or not in written, electronic or other tangible or intangible forms and whether or not stored on electronic or any other medium) maintained or required to be maintained under the Code or other applicable Tax Laws or under any record retention agreement with any Tax Authority, in each case filed or required to be filed with respect to or otherwise relating to Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.87 "<u>Tax Related Costs and Expenses</u>" shall mean, with respect to Taxes, all accounting, legal and other professional fees, and court costs incurred in connection with such Taxes, as well as any other out-of-pocket costs incurred in connection with such Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.88 "<u>Tax-Related Losses</u>" means, with respect to Taxes, (i) all accounting, legal and other professional fees, and court costs incurred in connection with such Taxes, as well as any other out-of-pocket costs incurred in connection with such Taxes and (ii) all costs, expenses and damages associated with shareholder litigation or controversies and any amount paid by Parent (or any Parent Affiliate) or SpinCo (or any SpinCo Affiliate) in respect of the liability of shareholders, whether paid to shareholders or to the IRS or any other Tax Authority, in each case, resulting from the failure of any of the Separation Transactions to qualify for the Intended Tax Treatment or the defense against any challenge by the IRS or any other Tax Authority to the Intended Tax Treatment of any Separation Transaction, even if such Separation Transaction ultimately is determined to so qualify.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.89 "<u>Tax Return</u>" means any report of Taxes due, any claim for refund of Taxes paid, any information return with respect to Taxes, or any other similar report, statement, declaration, or document filed or required to be filed under the Code or other Tax Law with respect to Taxes, including any attachments, exhibits, or other materials submitted with any of the foregoing, and including any amendments or supplements to any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.90 "<u>Third Party</u>" means any Person other than the Parties or any of their respective Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.91 "<u>Transaction Related Tax Contest</u>" shall mean any Tax Contest in which the IRS, another Taxing Authority or any other party asserts a position that could reasonably be expected to (a) adversely affect, jeopardize or prevent (i) the Intended Tax Treatment or (b) otherwise affect the amount of Taxes imposed with respect to any of the Separation Transactions, as determined in each case by Parent, in its sole and absolute discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.92 "<u>Treasury Regulations</u>" means the regulations promulgated from time to time under the Code as in effect for the relevant Tax Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.93 "<u>UK Group Relief</u>" means (i) group relief capable of being surrendered or claimed pursuant to Part 5 or Part 5A of the UK Corporation Tax Act 2010, or (ii) the notional transfer of an asset or reallocation of a gain or loss pursuant to section 171A or section 179A of the UK Taxation of Chargeable Gains Act 1992 and the notional reallocation of a gain pursuant to section 792 of the UK Corporation Tax Act 2009.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.94 "<u>Unqualified Tax Opinion</u>" means an unqualified "will" opinion of a Tax Advisor, and on which Parent may rely, to the effect that a transaction will not affect the Intended Tax Treatment or otherwise cause any Separation Transaction to fail to qualify for the Intended Tax Treatment; <u>provided</u>, <u>that</u>, any tax opinion obtained in connection with a proposed acquisition of SpinCo Capital Stock entered into during the Restricted Period shall not qualify as an Unqualified Tax Opinion unless such tax opinion concludes that such proposed acquisition will not be treated as "part of a plan (or series of related transactions)," within the meaning of Section 355(e) of the Code and the Treasury Regulations promulgated thereunder, that includes the Distribution; <u>provided</u>, <u>further</u>, that any such opinion must assume that the Distribution would have qualified for the Intended Tax Treatment if the transaction in question did not occur.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01.95 "<u>Valuations</u>" means the valuations and methodologies prepared for Parent to facilitate, or otherwise in connection with, the Separation and the carrying values reflected on SpinCo' opening balance sheet following the Distribution.

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**ARTICLE II** 

**ALLOCATION OF AND INDEMNIFICATION FOR TAX LIABILITIES AND TAX-RELATED LOSSES** 

Section 2.01 <u>General Rule</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Parent Liability</u>. Except with respect to Taxes and Tax-Related Losses described in <u>Section</u> <u>2.01(b)</u> of this Agreement, Parent shall be liable for, and shall indemnify and hold harmless the SpinCo Group from and against any liability for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Taxes that are allocated to Parent under this <u>Article II</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any Tax resulting from a breach of any of Parent's covenants in this Agreement, the Separation Agreement or any Ancillary Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Specified Separation Taxes and Tax-Related Losses that are allocated to Parent under <u>Section</u> <u>6.04(a)</u> of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Other Separation Taxes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Incremental Other Separation Taxes that are allocated to Parent under <u>Section</u> <u>6.05</u> of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Taxes imposed on SpinCo or any member of the SpinCo Group pursuant to the provisions of Treasury Regulations § 1.1502-6 (or similar provisions of state, local, or foreign Tax Law) as a result of any such member being or having been a member of a Prior Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>SpinCo Liability</u>. SpinCo shall be liable for, and shall indemnify and hold harmless the Parent Group from and against any liability for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Taxes which are allocated to SpinCo under this <u>Article II</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any Tax resulting from a breach of any of SpinCo's covenants in this Agreement, the Separation Agreement or any Ancillary Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any Specified Separation Taxes and Tax-Related Losses that are allocated to SpinCo under <u>Section</u> <u>6.04(a)</u> of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any Incremental Other Separation Taxes that are allocated to SpinCo under <u>Section</u> <u>6.05</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) To the extent that any Tax (including any Specified Separation Taxes) or Tax-Related Loss is subject to indemnity pursuant to both <u>Section</u> <u>2.01(a)</u> and <u>Section</u> <u>2.01(b)</u>, responsibility for such Tax (including any Specified Separation Taxes) or Tax-Related Loss (other than any Tax or Tax-Related Loss described in Section 6.04(a)(iii) or Section 6.05 for which responsibility shall be shared in the manner set forth therein) shall be shared by Parent and SpinCo according to relative fault as determined by Parent in its sole and absolute discretion. The amount of any liability for Taxes which are indemnifiable pursuant to this <u>Section</u> <u>2.01(c)</u> shall be determined, in Parent's sole and absolute discretion, without regard to any Tax Attributes of the Parent Group or the Parent Business.

Section 2.02 <u>General Allocation Principles</u>. Except as otherwise provided in <u>Section</u> <u>2.01</u> or in <u>Section</u> <u>6.04(a)</u> of this Agreement, all Taxes shall be allocated as follows:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Allocation of Taxes for Joint Returns</u>. Parent shall be responsible for all Taxes reported, or required to be reported, on any Joint Return that any member of the Parent Group files or is required to file under the Code or other applicable Tax Law; <u>provided</u>, <u>however</u>, that to the extent any such Joint Return includes any Tax Item attributable to any member of the SpinCo Group or to the SpinCo Business for any Post-Distribution Period, SpinCo shall be responsible for all Taxes attributable to such Tax Items, computed in a manner determined by Parent in its sole and absolute discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Allocation of Taxes for Separate Returns</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Parent shall be responsible for all Taxes reported, or required to be reported, on a Parent Separate Return.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) SpinCo shall be responsible for all Taxes reported, or required to be reported, on a SpinCo Separate Return.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Taxes Not Reported on Tax Returns</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Parent shall be responsible for any Tax attributable to any member of the Parent Group or to the Parent Business that is not required to be reported on a Tax Return.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) SpinCo shall be responsible for any Tax attributable to any member of the SpinCo Group or to the SpinCo Business that is not required to be reported on a Tax Return.

Section 2.03 <u>Allocation Conventions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All Taxes allocated pursuant to <u>Section</u> <u>2.02</u> of this Agreement shall be allocated in accordance with the Closing of the Books Method; <u>provided</u>, <u>however</u>, that if applicable Tax Law does not permit a SpinCo Group member to close its Tax Period on the Distribution Date, the Tax attributable to the operations of the members of the SpinCo Group for any Pre-Distribution Period shall be the Tax computed using the Closing of the Books Method.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any Tax Item of SpinCo or any member of the SpinCo Group arising from a transaction engaged in outside of the ordinary course of business on the Distribution Date after the Effective Time shall be properly allocable to SpinCo and any such transaction by or with respect to SpinCo or any member of the SpinCo Group occurring after the Effective Time shall be treated for all Tax purposes (to the extent permitted by applicable Tax Law) as occurring at the beginning of the day following the Distribution Date in accordance with the principles of Treasury Regulation § 1.1502-76(b) or any similar provisions of state, local or foreign Law.

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**ARTICLE III** 

**PREPARATION AND FILING OF TAX RETURNS** 

Section 3.01 <u>Parent Separate Returns and Joint Returns</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Parent shall have the exclusive obligation and right to prepare and file, or cause to be prepared and filed, all Parent Separate Returns and Joint Returns, and each member of the SpinCo Group to which any such Joint Return relates shall execute and file such consents, elections and other documents as Parent may determine are required or appropriate, or otherwise requested by Parent in connection with the filing of such Joint Return. SpinCo will elect and join, and will cause its respective Affiliates to elect and join, in filing any Joint Returns that Parent determines are required to be filed or that Parent elects to file, in each case pursuant to this <u>Section</u> <u>3.01(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Parties and their respective Affiliates shall elect to close the Tax Period of each SpinCo Group member on the Distribution Date, to the extent permitted by applicable Tax Law.

Section 3.02 <u>SpinCo Separate Returns</u>. SpinCo shall prepare and file (or cause to be prepared and filed) all SpinCo Separate Returns.

Section 3.03 <u>Tax Reporting Practices</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>General Rule</u>. Except as provided in <u>Section</u> <u>3.03(b)</u> of this Agreement, Parent shall prepare any Straddle Period Joint Return in accordance with past practices, permissible accounting methods, elections or conventions ("<u>Past Practices</u>") used by the members of the Parent Group and the members of the SpinCo Group prior to the Distribution Date with respect to such Tax Return, and to the extent any items, methods or positions are not covered by Past Practices, then Parent shall prepare such Tax Return in accordance with reasonable Tax accounting practices selected by Parent. With respect to any Tax Return that SpinCo has the obligation and right to prepare, or cause to be prepared, under this <u>Article III</u><u>,</u> to the extent such Tax Return could affect Parent or any other member of the Parent Group, such Tax Return shall be prepared in accordance with Past Practices used by the members of the Parent Group and the members of the SpinCo Group prior to the Distribution Date with respect to such Tax Return, and to the extent any items, methods or positions are not covered by Past Practices, such Tax Return shall be prepared in accordance with reasonable Tax accounting practices selected by SpinCo.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Consistency with Intended Tax Treatment</u>. The Parties shall prepare all Tax Returns consistent with (i) the Intended Tax Treatment and (ii) the Valuations unless, in each case, and then only to the extent, an alternative position is required pursuant to a Final Determination reached in accordance with the provisions of <u>Article IX</u> of this Agreement.

Section 3.04 <u>Protective Section</u> <u>336(e) of the Code Election</u>

. If Parent determines, in its sole and absolute discretion, that a protective election under Section 336(e) of the Code shall be made with respect to the Distribution, SpinCo shall take any such action that is necessary to effect such election, including any corresponding election with respect to any of its Subsidiaries, as determined by Parent in its sole and absolute discretion. If such a protective election is made, this Agreement shall be amended in such a manner as is determined by Parent in its sole and absolute discretion to compensate Parent for any Tax Benefits realized by SpinCo as a result of such election.

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Section 3.05 <u>SpinCo Carrybacks and Claims for Refund</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) SpinCo hereby agrees that, unless Parent consents in writing (which consent may be withheld in Parent's sole and absolute discretion) or unless required by Law, (i) no member of the SpinCo Group (nor its successors) shall file any Adjustment Request with respect to any Tax Return that could affect any Joint Return or any other Tax Return reflecting Taxes that are allocated to Parent under <u>Article II</u> and (ii) any available elections to waive the right to claim any SpinCo Carryback in any Joint Return or any other Tax Return reflecting Taxes that are allocated to Parent under <u>Article II</u> shall be made, and no affirmative election shall be made to claim any such SpinCo Carryback. In the event that SpinCo (or the appropriate member of the SpinCo Group) is prohibited by applicable Law from waiving or otherwise forgoing a SpinCo Carryback or Parent consents to a SpinCo Carryback (which consent may be withheld in Parent's sole and absolute discretion), Parent shall cooperate with SpinCo, at SpinCo' expense, in seeking from the appropriate Tax Authority such Tax Benefit as reasonably would result from such SpinCo Carryback, to the extent that such Tax Benefit is directly attributable to such SpinCo Carryback, and shall pay over to SpinCo the amount of such Tax Benefit, net of any costs and expenses, within ten (10) days after such Tax Benefit is recognized by the Parent Group; <u>provided</u>, <u>however</u>, that SpinCo shall indemnify and hold the members of the Parent Group harmless from and against any and all collateral Tax consequences resulting from or caused by any such SpinCo Carryback, including, without limitation, the loss or postponement of any benefit from the use of Tax Attributes generated by a member of the Parent Group if (i) such Tax Attributes expire unused, but would have been utilized but for such SpinCo Carryback, or (ii) the use of such Tax Attributes is postponed to a later Tax Period than the Tax Period in which such Tax Attributes would have been used but for such SpinCo Carryback.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Receipt of consent by SpinCo or a member of the SpinCo Group from Parent pursuant to the provisions of this <u>Section</u> <u>3.05</u> shall not limit or modify SpinCo's continuing indemnification obligation pursuant to <u>Section</u> <u>2.01</u>.

Section 3.06 <u>Apportionment of Tax Attributes</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Tax Attributes arising in a Pre-Distribution Period will be allocated to (and the benefits and burdens of such Tax Attributes will inure to) the members of the Parent Group and the members of the SpinCo Group in accordance with the Code, Treasury Regulations, and any other applicable Tax Law or confirmed in respective Swiss Tax rulings, and, in the absence of controlling legal authority or unless otherwise provided under this Agreement, including pursuant to <u>Section</u> <u>3.07</u> or Schedule A, Tax Attributes shall be allocated to the legal entity that created such Tax Attributes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as provided in <u>Section</u> <u>3.07</u> or Schedule A, Parent shall in good faith advise SpinCo in writing of the amount, if any, of any Tax Attributes, which Parent determines, in its sole and absolute discretion, shall be allocated or apportioned to the SpinCo Group under applicable Tax Law, <u>provided</u> that this <u>Section</u> <u>3.06(b)</u> shall not be construed as obligating Parent to undertake any such determination. SpinCo and all members of the SpinCo Group shall prepare all Tax Returns in accordance with such written notice. SpinCo agrees that it shall not dispute Parent's allocation or apportionment of Tax Attributes. SpinCo may request that Parent undertake a determination of the portion, if any, of any particular Tax Attribute to be allocated or apportioned to the SpinCo Group under applicable law; to the extent that Parent determines, in its sole and absolute discretion, not to undertake such determination, or does not

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otherwise advise SpinCo of its intention to undertake such determination within twenty (20) business days of the receipt of such request, SpinCo shall be permitted to undertake such determination at its own cost and expense and shall notify Parent of its determination, which determination shall not be binding upon Parent. For the avoidance of doubt, Parent shall not be liable to any member of the SpinCo Group for any failure of any determination under this <u>Section</u> <u>3.06(b)</u> to be accurate under applicable Tax Law; <u>provided</u> such determination was made in good faith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as otherwise provided herein, to the extent that the amount of any Tax Attribute is later reduced or increased by a Tax Authority or Tax Proceeding, such reduction or increase shall be allocated to the Party to which such Tax Attribute was allocated pursuant to <u>Section</u> <u>3.06(a)</u> or <u>Schedule A</u> of this Agreement, as agreed by the Parties.

Section 3.07 <u>UK Group Relief</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Parent shall determine the amounts for purposes of UK Group Relief available to be surrendered (i) by any member of the Parent Group to any member of the SpinCo Group, or (ii) by any member of the SpinCo Group to any member of the Parent Group, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Parties shall make, or shall cause to be made, such elections and shall take such other actions that are necessary or appropriate to give effect to the surrender of any amounts referred to in <u>Section</u> <u>3.07(a)</u> to the extent permitted under applicable Law, and to ensure that such surrenders are allowed in full by HM Revenue & Customs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In consideration of such surrenders as are referred to in <u>Section</u> <u>3.07(a)</u><u>(</u><u>i</u><u>)</u>, SpinCo shall procure that the relevant member of the SpinCo Group shall pay to the relevant member of the Parent Group such amount of UK corporation Tax as is saved by the relevant member of the SpinCo Group (including where UK corporation Tax previously paid has been refunded) as a result of the relevant surrender, such amount to be paid no later than the time which such UK corporation Tax saved would otherwise have been paid to a Tax Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In consideration of such surrenders as are referred to in <u>Section</u> <u>3.07(a)</u><u>(ii)</u>, Parent shall procure that the relevant member of the Parent Group shall pay to the relevant member of the SpinCo Group such amount of UK corporation Tax as is saved by the relevant member of the Parent Group (including where UK corporation Tax previously paid has been refunded) as a result of the relevant surrender, such amount to be paid no later than the time which such UK corporation Tax saved would otherwise have been paid to a Tax Authority.

Section 3.08 <u>Allocation of Employment Taxes</u>. Liability for Taxes and any related Tax Benefits related to any equity compensation awards shall be determined pursuant to the EMA.

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**ARTICLE IV** 

**TAX PAYMENTS** 

Section 4.01 <u>Taxes Shown on Tax Returns</u>. Parent shall pay (or cause to be paid) to the proper Tax Authority the Tax shown as due on any Tax Return that a member of the Parent Group is responsible for preparing under <u>Article III</u> of this Agreement, and SpinCo shall pay (or cause to be paid) to the proper Tax Authority the Tax shown as due on any Tax Return that a member of the SpinCo Group is responsible for preparing under <u>Article III</u> of this Agreement. At least seven (7) Business Days prior to any Payment Date for any Straddle Period Joint Return, SpinCo shall pay to Parent the amount SpinCo is responsible for under the provisions of <u>Article</u> <u>II</u><u> </u>as calculated pursuant to this Agreement.

Section 4.02 <u>Adjustments Resulting in Underpayments</u>. In the case of any adjustment pursuant to a Final Determination with respect to any Tax, the Party to which such Tax is allocated pursuant to this Agreement shall pay to the applicable Tax Authority when due any additional Tax required to be paid as a result of such adjustment.

Section 4.03 <u>Indemnification Payments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as provided in the last sentence of <u>Section</u> <u>4.01</u> or <u>Section</u> <u>6.04(b)</u> of this Agreement, if any Party (the "<u>Payor</u>") is required under applicable Tax Law to pay to a Tax Authority a Tax that another Party (the "<u>Required Party</u>") is liable for under this Agreement, the Required Party shall reimburse the Payor within twenty (20) Business Days of delivery by the Payor to the Required Party of an invoice for the amount due, accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particulars relating thereto. The reimbursement shall include interest on the Tax payment computed at the Prime Rate based on the number of days from the date of the Payor's payment to the Tax Authority to the date of reimbursement by the Required Party under this <u>Section</u> <u>4.03</u>. Except as otherwise provided in the following sentence, the Required Party shall also pay to the Payor any reasonable costs and expenses related to the foregoing (including reasonable attorneys' fees and expenses) within five (5) days after the Payor's written demand therefor. If and to the extent any Specified Separation Taxes are determined, the Party allocated responsibility for such Specified Separation Taxes and Tax-Related Losses associated with such Specified Separation Taxes under <u>Section</u> <u>2.01</u> of this Agreement shall pay such Specified Separation Taxes and Tax-Related Losses to Parent (if such Responsible Party is SpinCo) or SpinCo (if such Responsible Party is Parent) within five (5) days after written demand therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All indemnification payments under this Agreement shall be made by Parent directly to SpinCo and by SpinCo directly to Parent; <u>provided</u>, <u>however</u>, that if the Parties mutually agree for administrative convenience with respect to any such indemnification payment, any member of the Parent Group, on the one hand, may make such indemnification payment to any member of the SpinCo Group, on the other hand, and vice versa.

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**ARTICLE V** 

**TAX BENEFITS** 

Section 5.01 <u>Tax Refunds</u>. Parent shall be entitled (subject to the limitations provided in <u>Section</u> <u>3.05</u> of this Agreement) to any refund (and any interest thereon received from the applicable Tax Authority) of Taxes for which Parent is liable hereunder, and SpinCo shall be entitled (subject to the limitations provided in <u>Section</u> <u>3.05</u> of this Agreement) to any refund (and any interest thereon received from the applicable Tax Authority) of Taxes for which SpinCo is liable hereunder. A Party receiving a refund to which another Party is entitled hereunder shall pay over such refund to such other Party, net of costs and expenses, within twenty (20) Business Days after such refund is received (together with interest computed at the Prime Rate based on the number of days from the date the refund was received to the date the refund was paid over).

Section 5.02 <u>Other Tax Benefits</u>. If Parent determines, in its reasonable discretion, that: (i) one Party is responsible for a Tax pursuant to this Agreement and (ii) the other Party is entitled to a Tax Benefit relating to such Tax, then the Party entitled to such Tax Benefit shall pay to the Party responsible for such Tax the amount of the Tax Benefit, as determined by Parent in its reasonable discretion.

**ARTICLE VI** 

**INTENDED TAX TREATMENT** 

Section 6.01 <u>Representations and Warranties</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Parent, on behalf of itself and all other members of the Parent Group, hereby represents and warrants that (i) it has examined the Tax Opinions, the Representation Letters, the Swiss Tax Rulings, and any other materials delivered or deliverable in connection with the rendering of the Tax Opinions, in each case, as they exist as of the date hereof (collectively, the "<u>Tax Materials</u>") and (ii) the facts presented and representations made therein, to the extent descriptive of or otherwise relating to Parent or any member of the Parent Group or the Parent Business, were at the time presented or represented and from such time until and including the Distribution Date, true, correct and complete in all material respects. Parent, on behalf of itself and all other members of the Parent Group, hereby confirms and agrees to comply with any and all covenants and agreements in the Tax Materials applicable to Parent or any member of the Parent Group or the Parent Business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) SpinCo, on behalf of itself and all other members of the SpinCo Group, hereby represents and warrants that (i) it has examined the Tax Materials and (ii) the facts presented and representations made therein, to the extent descriptive of or otherwise relating to SpinCo or any member of the SpinCo Group or the SpinCo Business, were or will be, at the time presented or represented and from such time until and including the Distribution Date, true, correct and complete in all material respects. SpinCo, on behalf of itself and all other members of the SpinCo Group, hereby confirms and agrees to comply with any and all covenants and agreements in the Tax Materials applicable to SpinCo or any member of the SpinCo Group or the SpinCo Business.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each of Parent, on behalf of itself and all other members of the Parent Group, and SpinCo, on behalf of itself and all other members of the SpinCo Group, represents and warrants that it knows of no fact (after due inquiry) that may cause the Tax treatment of any of the Separation Transactions to be other than the Intended Tax Treatment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each of Parent, on behalf of itself and all other members of the Parent Group, and SpinCo, on behalf of itself and all other members of the SpinCo Group, represents and warrants that it has no plan or intent to take any action which is inconsistent with any statements or representations made in the Tax Materials.

Section 6.02 <u>Restrictions Relating to the Distribution</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) SpinCo, on behalf of itself and all other members of the SpinCo Group, hereby covenants and agrees that no member of the SpinCo Group will take, fail to take, or permit to be taken: (i) any action where such action or failure to act would be inconsistent with or cause to be untrue any statement, information, covenant or representation in the Tax Materials or the Valuations or (ii) any action which constitutes a SpinCo Disqualifying Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>During the Restricted Period, SpinCo</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) shall continue and cause to be continued and not approve or allow, or enter into any agreement, understanding or arrangement with respect to, the discontinuance, cessation, or sale or other transfer (to an Affiliate or otherwise) of, or a material change in or sale of the material assets of, any Active Business, other than sales in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) shall not voluntarily dissolve or liquidate or partially liquidate itself, approve or allow any liquidation, or partial liquidation of any of its Affiliates (including any action that is a liquidation for U.S. federal income tax purposes), or enter into any agreement, understanding or arrangement with respect to the foregoing, other than, in the case of any of its Affiliates, into any other Affiliate that is a member of the SpinCo "separate affiliated group" as defined in Section 355(b)(3)(B) of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) shall not (1) enter into any Proposed Acquisition Transaction or, to the extent SpinCo has the right or ability to prevent or prohibit any Proposed Acquisition Transaction, permit any Proposed Acquisition Transaction to occur, (2) redeem or otherwise repurchase (directly or through an Affiliate) any stock, or rights to acquire stock, except to the extent such repurchases satisfy Section 4.05(1)(b) of Revenue Procedure 96-30 (as in effect prior to the amendment of such Revenue Procedure by Revenue Procedure 2003-48), (3) amend its certificate of incorporation (or other organizational documents), issue a new class of non-voting stock, or take any other action, whether through a stockholder vote or otherwise, affecting the relative voting rights of its Capital Stock (including through the conversion of any Capital Stock into another class of Capital Stock), (4) (A) merge or consolidate with any other Person or (B) allow any of its Affiliates to merge or consolidate with any other Person other than any other Affiliate that is a member of the SpinCo "separate affiliated group" as defined in Section 355(b)(3)(B) of the Code or (5) take any other action or actions (including any action or transaction that

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would be reasonably likely to be inconsistent with any representation made in the Tax Materials) that in the aggregate would, when combined with any other direct or indirect changes in ownership of SpinCo Capital Stock pertinent for purposes of Section 355(e) of the Code, have the effect of causing or permitting one or more Persons (whether or not acting in concert) to acquire directly or indirectly stock representing a forty percent (40%) or greater interest in SpinCo or would reasonably be expected to result in a failure to preserve, achieve or maintain the Intended Tax Treatment, or enter into any agreement, understanding or arrangement with respect to any of the foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) shall not and shall not permit any member of the SpinCo Group, to sell, transfer or otherwise dispose of (including in any transaction treated for U.S. federal income tax purposes as a sale, transfer or disposition) assets (including any shares of Capital Stock of a Subsidiary) that, in the aggregate, constitute more than twenty percent (20%) of the consolidated gross assets of SpinCo or the SpinCo Group, or enter into (or permit any member of the SpinCo Group to enter into) any agreement, understanding or arrangement with respect to the foregoing. The foregoing sentence shall not apply to (1) sales, transfers or dispositions of assets in the ordinary course of business or to members of the SpinCo "separate affiliated group" as defined in Section 355(b)(3)(B) of the Code, (2) any cash paid to acquire assets from an unrelated Person in an arm's-length transaction, (3) any assets transferred to a Person that is disregarded as an entity separate from the transferor for U.S. federal income tax purposes or (4) any mandatory or optional repayment (or pre-payment) of any indebtedness of SpinCo or any member of the SpinCo Group. The percentages of gross assets or consolidated gross assets of SpinCo or the SpinCo Group, as the case may be, sold, transferred or otherwise disposed of, shall be based on the fair market value of the gross assets of SpinCo and the members of the SpinCo Group as of the Distribution Date. For purposes of this <u>Section</u> <u>6.02(b)(</u><u>iv)</u>, a merger of SpinCo or one of its Subsidiaries with and into any Person that is not a wholly owned Subsidiary of SpinCo shall constitute a disposition of all of the assets of SpinCo or such Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) shall, if any member of the SpinCo Group proposes to enter into any transaction or series of transactions that is not a Proposed Acquisition Transaction but would be a Proposed Acquisition Transaction if the percentage reflected in the definition of Proposed Acquisition Transaction were thirty percent (30%) instead of forty percent (40%) (a "<u>Section</u> <u>6.02(b)(</u><u>v) Acquisition Transaction</u>") or, to the extent SpinCo has the right or ability to prevent or prohibit any <u>Section</u> <u>6.02(b)(v)</u> Acquisition Transaction, proposes to permit any <u>Section</u> <u>6.02(b)(v)</u> Acquisition Transaction to occur, in each case, provide Parent, no later than ten (10) business days following the signing of any written agreement with respect to the <u>Section</u> <u>6.02(b)(v)</u> Acquisition Transaction, a written description of such transaction (including the type and amount of stock of SpinCo to be issued in such transaction) and a certificate of the board of directors of SpinCo to the effect that the <u>Section</u> <u>6.02(b)(v)</u> Acquisition Transaction is not a Proposed Acquisition Transaction; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) shall not cause or permit any member of the SpinCo Group identified on Schedule B as either a "distributing corporation" or a "controlled corporation" (within the meaning of Section 355(b) of the Code) in any transaction other than the Distribution to take any action or enter into any transaction described in clauses (2), (3), (4) or (5) of <u>Section</u> <u>6.02(b)(</u><u>ii)</u> or in <u>Section</u> <u>6.02(b)(iv</u><u>)</u> (in each case, substituting references therein to "SpinCo", the "SpinCo Group" and "SpinCo Capital Stock" with references to the relevant corporation, the relevant corporation and its Subsidiaries and the Capital Stock of such corporation, respectively).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding the restrictions imposed by <u>Section</u> <u>6.02(b)</u>, SpinCo or a member of the SpinCo Group may take any of the actions or transactions described therein if (i) SpinCo shall have requested that Parent obtain a private letter ruling (including a supplemental ruling, if applicable) from the IRS (a "<u>Post-Distribution Ruling</u>") in accordance with <u>Section</u> <u>6.03(b)</u> to the effect that such transaction will not affect the Intended Tax Treatment, and Parent shall have received such a Post-Distribution Ruling and shall have notified SpinCo in writing that Parent has determined that such Post-Distribution Ruling is in form and substance satisfactory to Parent in its sole and absolute discretion or (ii) both (A) SpinCo obtains an Unqualified Tax Opinion with respect thereto and (B) Parent notifies SpinCo in writing that Parent has determined that such Unqualified Tax Opinion is in form and substance satisfactory to Parent in its sole and absolute discretion. Parent's evaluation of a Post-Distribution Ruling or an Unqualified Tax Opinion may consider, among other factors, the appropriateness of any underlying assumptions, representations and covenants made in connection with such ruling or opinion as well as any other factors, circumstances, considerations or concerns that Parent determines in its sole and absolute discretion are relevant. SpinCo shall bear all costs and expenses of securing any such Post-Distribution Ruling or Unqualified Tax Opinion and shall, as set forth in <u>Section</u> <u>6.03(b)</u> below, reimburse Parent for all reasonable out-of-pocket expenses that Parent or any of its Affiliates may incur in good faith in seeking to obtain or evaluate any such Post-Distribution Ruling or Unqualified Tax Opinion. None of the obtaining of a Post-Distribution Ruling, the delivery of an Unqualified Tax Opinion or Parent's waiver of SpinCo's obligation to deliver a Post-Distribution Ruling or an Unqualified Tax Opinion shall limit or modify SpinCo's continuing indemnification obligation pursuant to <u>Article II.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Parent and SpinCo acknowledge that each of the Swiss demergers of Aptiv Technologies AG, Aptiv Manufacturing Management Services GmbH and Aptiv PLC is intended to qualify as a transaction described in clause (y) of Intended Tax Treatment. Parent and SpinCo shall ensure that each of Aptiv Technologies AG, Aptiv Manufacturing Management Services GmbH, Parent and SpinCo continue the operation of its transferred and remaining business (as described in the Swiss Tax Rulings) for at least 2 years following the effective legal date of the Swiss demergers (<u>Swiss Business Continuity Requirement</u>), as applicable, unless Parent or SpinCo obtain a tax ruling from the Schaffhausen tax administration and the Swiss Federal Tax Administration confirming that cessation of such pre-existing operation will not impact the tax qualification of the intended tax-neutral reorganization in accordance with Swiss tax law. SpinCo undertakes to fully impose its obligations pursuant to this Section 6.02(d) to any subsequent acquirer of a majority of the shares in SpinCo.

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Section 6.03 <u>Additional Procedures Regarding Post-Distribution Rulings and Unqualified Tax Opinions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If SpinCo determines that it desires to take one of the actions described in <u>Section</u> <u>6.02(b)</u> (a "<u>Notified Action</u>"), SpinCo shall notify Parent of this fact in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Post-Distribution Rulings or Unqualified Tax Opinions at SpinCo</u><u>'</u><u>s Request</u>. Unless Parent shall have waived the requirement to obtain such Post-Distribution Ruling or Unqualified Tax Opinion, upon the reasonable request of SpinCo pursuant to <u>Section</u> <u>6.02(c)</u><u>(</u><u>i</u><u>)</u>, Parent shall use commercially reasonable efforts in cooperating with SpinCo and in seeking to obtain, as expeditiously as possible, a Post-Distribution Ruling from the IRS (and/or any other applicable Governmental Authority) or an Unqualified Tax Opinion for the purpose of permitting SpinCo to take the Notified Action, subject in all respects to the provisions of<u> </u><u>Section</u> <u>6.02</u>. Notwithstanding the foregoing, Parent shall not be required to file or cooperate in the filing of any request for a Post-Distribution Ruling under this <u>Section</u> <u>6.03(b)</u> unless SpinCo represents that (A) it has reviewed such request for a Post-Distribution Ruling, and (B) all statements, information and representations relating to any member of the SpinCo Group contained in such request for a Post-Distribution Ruling are (subject to any qualifications therein) true, correct and complete. SpinCo shall reimburse Parent for all reasonable costs and expenses, including out-of-pocket expenses and expenses relating to the utilization of Parent personnel, incurred by the Parent Group in obtaining a Post-Distribution Ruling or Unqualified Tax Opinion requested by SpinCo within thirty (30) business days after receiving an invoice from Parent therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Post-Distribution Rulings or Unqualified Tax Opinions at Parent</u><u>'</u><u>s Request</u>. Parent shall have the right to obtain a Post-Distribution Ruling or an Unqualified Tax Opinion at any time in its sole and absolute discretion. If Parent determines in its sole and absolute discretion to obtain a Post-Distribution Ruling or an Unqualified Tax Opinion, SpinCo shall (and shall cause each Affiliate of SpinCo to) cooperate with Parent and take any and all actions reasonably requested by Parent in connection with obtaining the Post-Distribution Ruling or Unqualified Tax Opinion (including by making any representation or covenant or providing any materials or information requested by the IRS, any other applicable Governmental Authority or a Tax Advisor; <u>provided</u>, <u>that</u>, SpinCo shall not be required to make (or cause any Affiliate of SpinCo to make) any representation or covenant that is inconsistent with historical facts or as to future matters or events over which matters or events it has no control). Parent shall reimburse SpinCo for all reasonable costs and expenses, including out-of-pocket expenses and expenses relating to the utilization of SpinCo personnel, incurred by the Parent Group in connection with such cooperation within thirty (30) business days after receiving an invoice from SpinCo therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Parent shall have sole and exclusive control over the process of obtaining any Post-Distribution Ruling, and only Parent shall be permitted to apply for a Post-Distribution Ruling. In connection with obtaining a Post-Distribution Ruling, Parent shall (A) keep SpinCo informed in a timely manner of all material actions taken or proposed to be taken by Parent in connection therewith; (B) (1) reasonably in advance of the submission of any request for any Post-Distribution Ruling provide SpinCo with a draft copy thereof, (2) reasonably consider SpinCo comments on such draft copy, and (3) provide SpinCo with a final copy of such Post-Distribution Ruling; and (C) provide SpinCo with notice reasonably in advance of, and SpinCo shall have the right to attend, any formally scheduled meetings with the IRS or other applicable Governmental Authority (subject to the approval of the IRS or such Governmental Authority) that relate to such Post-Distribution Ruling. Neither SpinCo nor any Affiliate of SpinCo directly or indirectly controlled by SpinCo shall seek any guidance from the IRS or any other Tax Authority (whether written, oral or otherwise) at any time concerning the Separation Transactions (including the impact of any transaction on the Separation Transactions).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Any Post-Distribution Ruling or Unqualified Tax Opinion obtained in accordance with <u>Section</u> <u>6.02(c)</u> and <u>Section</u> <u>6.03</u> shall be deemed included in the definition of Tax Materials from and after the obtaining thereof for all purposes of this Agreement.

Section 6.04 <u>Liability for Specified Separation Taxes and Tax-Related Losses</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event that Specified Separation Taxes become due and payable to a Tax Authority pursuant to a Final Determination, then, notwithstanding anything to the contrary in this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Without regard to whether a Post-Distribution Ruling or an Unqualified Tax Opinion may have been provided or whether any action is permitted or consented to hereunder and notwithstanding anything to the contrary in this Agreement, if such Specified Separation Taxes are attributable to a SpinCo Disqualifying Act, then SpinCo shall be responsible for such Specified Separation Taxes and corresponding Tax-Related Losses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if such Specified Separation Taxes are attributable to a Parent Disqualifying Act, then Parent shall be responsible for such Specified Separation Taxes and corresponding Tax-Related Losses; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if such Specified Separation Taxes are not attributable to either a Parent Disqualifying Act or a SpinCo Disqualifying Act, responsibility for such Specified Separation Taxes and corresponding Tax-Related Losses shall be shared by Parent and SpinCo in proportion to their respective fair market values as of the day after the Distribution Date (determined using the closing Parent Stock and SpinCo Stock prices as of such date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) SpinCo shall pay Parent the amount of any Specified Separation Taxes and corresponding Tax Related Losses for which SpinCo is responsible under this <u>Section</u> <u>6.04</u> or <u>Section</u> <u>2.01(c)</u> as a result of a Final Determination no later than two (2) Business Days after the date such Specified Separation Taxes are determined as a result of a Final Determination to be due. Notwithstanding the foregoing, SpinCo shall pay Parent the amount of any Specified Separation Taxes for which SpinCo is responsible under this <u>Section</u> <u>6.04</u> or <u>Section</u> <u>2.01(c)</u> within seven (7) Business Days of written demand therefor by Parent if Parent determines that the payment of Specified Separation Taxes earlier than a Final Determination with respect to such Specified Separation Taxes is necessary or prudent to obtain a favorable resolution of a Tax Contest relating to Specified Separation Taxes.

Section 6.05 <u>Liability for Incremental Other Separation Taxes</u>. In the event that Other Separation Taxes become due and payable to a Tax Authority pursuant to a Final Determination in an amount that exceeds the amount of Other Separation Taxes determined by Parent, in its good faith discretion, to be reportable with respect to the relevant Separation Transaction ("<u>Incremental Other Separation Taxes</u>"), responsibility for such Incremental Other Separation Taxes shall be shared by Parent and SpinCo in proportion to their respective fair market values as of the day after the Distribution Date (determined using the closing Parent Stock and SpinCo Stock prices as of such date).

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**ARTICLE VII** 

**ASSISTANCE AND COOPERATION** 

Section 7.01 <u>Assistance and Cooperation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Parties shall cooperate (and cause their respective Affiliates to cooperate) with each other and with each other's agents, including accounting firms and legal counsel, in connection with Tax matters relating to the Parties and their Affiliates, including (i) preparation and filing of Tax Returns, (ii) determining the liability for and amount of any Taxes due (including estimated Taxes) or the right to and amount of any refund of Taxes, (iii) examinations of Tax Returns, and (iv) any administrative or judicial proceeding in respect of Taxes assessed or proposed to be assessed. Such cooperation shall include making all information and documents in their possession relating to any other Party and its Affiliates reasonably available to such other Party as provided in <u>Article VIII</u> of this Agreement. Each of the Parties shall also make available to any other Party, as reasonably requested and available, personnel (including officers, directors, employees and agents of the Parties or their respective Affiliates) responsible for preparing, maintaining, and interpreting information and documents relevant to Taxes, and personnel reasonably required as witnesses or for purposes of providing information or documents in connection with any administrative or judicial proceedings relating to Taxes. SpinCo and each other member of the SpinCo Group shall cooperate with Parent and take any and all actions reasonably requested by Parent in connection with obtaining the Tax Opinions (including, without limitation, by making any new representation or covenant, confirming any previously made representation or covenant or providing any materials or information requested by any Tax Advisor; <u>provided</u> that neither SpinCo nor any other member of the SpinCo Group shall be required to make or confirm any representation or covenant that is inconsistent with historical facts or as to future matters or events over which it has no control).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any information or documents provided under this Agreement shall be kept confidential by the Party receiving the information or documents, except as may otherwise be necessary in connection with the filing of Tax Returns or in connection with any administrative or judicial proceedings relating to Taxes. In addition, in the event that Parent determines that the provision of any information or documents to SpinCo or any of its Affiliates, or SpinCo determines that the provision of any information or documents to Parent or any Parent Affiliate, could be commercially detrimental, violate any Law or agreement or waive any Privilege, the Parties shall use commercially reasonable efforts to permit each other's compliance with its obligations under this <u>Article VII</u> in a manner that avoids any such harm or consequence.

Section 7.02 <u>Tax Return Information</u>. Each of Parent and SpinCo, and each member of their respective Groups, acknowledges that time is of the essence in relation to any request for information, assistance or cooperation made pursuant to <u>Section</u> <u>7.01</u> of this Agreement or this <u>Section</u> <u>7.02</u>. Each Party shall provide to the other Party information and documents

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relating to its Group reasonably required by the other Party to prepare Tax Returns. Any information or documents the Responsible Party requires to prepare such Tax Returns shall be provided in such form as the Responsible Party reasonably requests and in sufficient time for the Responsible Party to file such Tax Returns on a timely basis.

Section 7.03 <u>Reliance by Parent</u>. If any member of the SpinCo Group supplies information to a member of the Parent Group in connection with a Tax liability and an officer of a member of the Parent Group signs a statement or other document under penalties of perjury in reliance upon the accuracy of such information, then upon the written request of such member of the Parent Group identifying the information being so relied upon, the chief financial officer of SpinCo (or any officer of SpinCo as designated by the chief financial officer of SpinCo) shall certify in writing that to his or her knowledge (based upon consultation with appropriate employees) the information so supplied is accurate and complete. SpinCo agrees to indemnify and hold harmless each member of the Parent Group and its directors, officers and employees from and against any fine, penalty or other cost or expense of any kind attributable to a member of the SpinCo Group having supplied, pursuant to this <u>Article VII</u><u>,</u> a member of the Parent Group with inaccurate or incomplete information in connection with a Tax liability.

Section 7.04 <u>Reliance by SpinCo</u>. If any member of the Parent Group supplies information to a member of the SpinCo Group in connection with a Tax liability and an officer of a member of the SpinCo Group signs a statement or other document under penalties of perjury in reliance upon the accuracy of such information, then upon the written request of such member of the SpinCo Group identifying the information being so relied upon, the chief financial officer of Parent (or any officer of Parent as designated by the chief financial officer of Parent) shall certify in writing that to his or her knowledge (based upon consultation with appropriate employees) the information so supplied is accurate and complete. Parent agrees to indemnify and hold harmless each member of the SpinCo Group and its directors, officers and employees from and against any fine, penalty or other cost or expense of any kind attributable to a member of the Parent Group having supplied, pursuant to this <u>Article VII</u><u>,</u> a member of the SpinCo Group with inaccurate or incomplete information in connection with a Tax liability.

Section 7.05 <u>Other Separation Taxes</u>. SpinCo shall (and shall cause its Affiliates to) reasonably cooperate with Parent to correct any errors in the chronology or completion of any transactions intended to facilitate, or otherwise effectuated in connection with, the Separation, and take any and all commercially reasonable actions requested by Parent to minimize any Other Separation Taxes.

**ARTICLE VIII** 

**TAX RECORDS** 

Section 8.01 <u>Retention of Tax Records</u>. Each of Parent and SpinCo shall preserve and keep all Tax Records exclusively relating to the assets and activities of its Group for Pre-Distribution Periods, and Parent shall preserve and keep all other Tax Records relating to Taxes of the Parent and SpinCo Groups for Pre-Distribution Periods, for so long as the contents thereof may be or become material in the administration of any matter under the Code or other applicable Tax Law, but in any event until the later of (i) the expiration of any applicable statutes of limitations,

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or (ii) seven (7) years after the Distribution Date (such later date, the "<u>Retention Date</u>"). After the Retention Date, each of Parent and SpinCo may dispose of such Tax Records upon sixty (60) Business Days' prior written notice to the other Party. If, prior to the Retention Date, (a) Parent or SpinCo reasonably determines that any Tax Records which it would otherwise be required to preserve and keep under this <u>Article VIII</u> are no longer material in the administration of any matter under the Code or other applicable Tax Law and the other Party agrees, then such first Party may dispose of such Tax Records upon sixty (60) Business Days' prior notice to the other Party. Any notice of an intent to dispose given pursuant to this <u>Section</u> <u>8.01</u> shall include a list of the Tax Records to be disposed of describing in reasonable detail each file, book, or other record accumulation being disposed. The notified Parties shall have the opportunity, at their cost and expense, to copy or remove, within such sixty (60) Business Day period, all or any part of such Tax Records. If, at any time prior to the Retention Date, a Party or any of its Affiliates determines to decommission or otherwise discontinue any computer program or information technology system used to access or store any Tax Records, then such program or system may be decommissioned or discontinued upon ninety (90) Business Days' prior notice to the other Party and the other Party shall have the opportunity, at its cost and expense, to copy, within such ninety (90) Business Day period, all or any part of the underlying data relating to the Tax Records accessed by or stored on such program or system.

Section 8.02 <u>Access to Tax Records</u>. The Parties and their respective Affiliates shall make available to each other for inspection and copying during normal business hours upon reasonable notice all Tax Records (and, for the avoidance of doubt, any pertinent underlying data accessed or stored on any computer program or information technology system) in their possession pertaining to (i) in the case of any Tax Return of the Parent Group, the portion of such return that relates to Taxes for which the SpinCo Group may be liable pursuant to this Agreement or (ii) in the case of any Tax Return of the SpinCo Group, the portion of such return that relates to Taxes for which the Parent Group may be liable pursuant to this Agreement, and shall permit the other Party and its Affiliates, authorized agents and representatives and any representative of a Tax Authority or other Tax auditor direct access, at the cost and expense of the requesting Party, during normal business hours upon reasonable notice to any computer program or information technology system used to access or store any Tax Records, in each case to the extent reasonably required by the other Party in connection with the preparation of Tax Returns or financial accounting statements, audits, litigation, or the resolution of items under this Agreement.

Section 8.03 <u>Preservation of Privilege</u>. The Parties and their respective Affiliates shall not provide access to, copies of, or otherwise disclose to any Person any documentation relating to Taxes existing prior to the Distribution Date to which Privilege may reasonably be asserted without the prior written consent of the other Party, such consent not to be unreasonably withheld, conditioned or delayed.

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**ARTICLE IX** 

**TAX CONTESTS** 

Section 9.01 <u>Notice</u>. Each Party shall provide prompt notice to the other Party of any written communication from a Tax Authority regarding any pending Tax audit, assessment or proceeding or other Tax Contest of which it becomes aware (i) related to Taxes for Tax Periods for which it is indemnified by the other Party hereunder or for which it may be required to indemnify the other Party hereunder, (ii) relating to a SpinCo Separate Return for a Pre-Distribution Period or Straddle Period that could reasonably be expected to adversely affect any member of the Parent Group or for any other Tax Period that could reasonably be expected to materially adversely affect any member of the Parent Group, or (iii) otherwise relating to the Intended Tax Treatment or the Separation (including the resolution of any Tax Contest relating thereto). Such notice shall attach copies of the pertinent portion of any written communication from a Tax Authority and contain factual information (to the extent known) describing any asserted Tax liability in reasonable detail and shall be accompanied by copies of any notice and other documents received from any Tax Authority in respect of any such matters. If an indemnified Party has knowledge of an asserted Tax liability with respect to a matter for which it is to be indemnified hereunder and such Party fails to give the indemnifying Party prompt notice of such asserted Tax liability and the indemnifying Party is entitled under this Agreement to contest the asserted Tax liability, then (x) to the extent the indemnifying Party is precluded from contesting the asserted Tax liability in any forum as a result of the failure to give prompt notice, the indemnifying Party shall have no obligation to indemnify the indemnified Party for any Taxes arising out of such asserted Tax liability, and (y) to the extent the indemnifying Party is not precluded from contesting the asserted Tax liability in any forum, but such failure to give prompt notice results in a material monetary detriment to the indemnifying Party, then any amount which the indemnifying Party is otherwise required to pay the indemnified Party pursuant to this Agreement shall be reduced by the amount of such detriment.

Section 9.02 <u>Control of Tax Contests</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Parent Control</u>. Notwithstanding anything in this Agreement to the contrary, Parent shall have the right to control any Tax Contest with respect to any Tax matters relating to (i) a Joint Return, (ii) a Parent Separate Return, (iii) Specified Separation Taxes, (iv) Other Separation Taxes and (v) Incremental Other Separation Taxes. Subject to <u>Section</u> <u>9.02(c)</u> and <u>Section</u> <u>9.02(d)</u> of this Agreement, Parent shall have absolute discretion with respect to any decisions to be made, or the nature of any action to be taken, with respect to any such Tax Contest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>SpinCo Control</u>*.* Except as otherwise provided in this <u>Section</u> <u>9.02</u>, SpinCo shall have the right to control any Tax Contest with respect to any SpinCo Separate Return. Subject to <u>Section</u> <u>9.02(c)</u>, <u>Section</u> <u>9.02(d)</u>, and <u>Section</u> <u>9.02(g)</u> of this Agreement, SpinCo shall have reasonable discretion, after consultation with Parent, with respect to any decisions to be made, or the nature of any action to be taken, with respect to any such Tax Contest relating to a SpinCo Separate Return for a Pre-Distribution Period or Straddle Period that could reasonably be expected to adversely affect any member of the Parent Group (including that could result in SpinCo taking a position on a Tax Return that is inconsistent with a position taken on a Parent Group Tax Return for the Pre-Distribution Period or Straddle Period) or for any other Tax Period that could reasonably be expected to adversely affect any member of the Parent Group (including that could result in SpinCo taking a position on a Tax Return that is inconsistent with a position taken on a Parent Group Tax Return for the Pre-Distribution Period or Straddle Period), and absolute discretion with respect to any decisions to be made, or the nature of any action to be taken, with respect to any other such Tax Contest.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Settlement Rights</u>. The Controlling Party shall have the sole right to contest, litigate, compromise and settle any Tax Contest without obtaining the prior consent of the Non-Controlling Party; <u>provided</u>, that to the extent any such Tax Contest (i) could give rise to a claim for indemnity by the Controlling Party or its Affiliates against the Non-Controlling Party or its Affiliates under this Agreement, or (ii) is with respect to a SpinCo Separate Return for a Pre-Distribution Period or Straddle Period and could reasonably be expected to adversely affect any member of the Parent Group or that could result in SpinCo taking a position on a Tax Return that is inconsistent with a position taken on a Parent Group Tax Return for the Pre-Distribution Period or Straddle Period or for any other Tax Period that could reasonably be expected to materially adversely affect any member of the Parent Group, then the Controlling Party shall not settle any such Tax Contest without the Non-Controlling Party's prior written consent (which consent may not be unreasonably withheld, conditioned, or delayed and, in the case of a Tax Contest relating to Incremental Other Separation Taxes or Specified Separation Taxes, must take into account the reasonable likelihood of success of such Tax Contest on its merits without regard to the ability of SpinCo to pay). Subject to <u>Section</u> <u>9.02(e)</u> of this Agreement, and unless waived by the Parties in writing, in connection with any potential adjustment in a Tax Contest as a result of which adjustment the Non-Controlling Party may reasonably be expected to become liable to make any indemnification payment to the Controlling Party under this Agreement: (I) the Controlling Party shall keep the Non-Controlling Party informed in a timely manner of all actions taken or proposed to be taken by the Controlling Party with respect to such potential adjustment in such Tax Contest; (II) the Controlling Party shall timely provide the Non-Controlling Party copies of any written materials relating to such potential adjustment in such Tax Contest received from any Tax Authority; (III) the Controlling Party shall timely provide the Non-Controlling Party with copies of any correspondence or filings submitted to any Tax Authority or judicial authority in connection with such potential adjustment in such Tax Contest; (IV) the Controlling Party shall consult with the Non-Controlling Party and offer the Non-Controlling Party a reasonable opportunity to comment before submitting any written materials prepared or furnished in connection with such potential adjustment in such Tax Contest; and (V) the Controlling Party shall defend such Tax Contest diligently and in good faith. The failure of the Controlling Party to take any action specified in the preceding sentence with respect to the Non-Controlling Party shall not relieve the Non-Controlling Party of any liability and/or obligation which it may have to the Controlling Party under this Agreement except to the extent that the Non-Controlling Party was actually harmed by such failure, and in no event shall such failure relieve the Non-Controlling Party from any other liability or obligation which it may have to the Controlling Party. In the case of any Tax Contest described in this <u>Article IX</u><u>,</u> "<u>Controlling Party</u>" means the Party entitled to control the Tax Contest under such Article and "<u>Non-Controlling Party</u>" means (x) Parent if SpinCo is the Controlling Party and (y) SpinCo if Parent is the Controlling Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Tax Contest Participation</u>. Subject to <u>Section</u> <u>9.02(e)</u> of this Agreement, and unless waived by the Parties in writing, the Controlling Party shall provide the Non-Controlling Party with written notice reasonably in advance of, and the Non-Controlling Party shall have the right to attend, any formally scheduled meetings with Tax Authorities or hearings or proceedings before any judicial authorities in connection with any potential adjustment in a Tax Contest (i) pursuant to which the Non-Controlling Party may reasonably be expected to become liable to make any indemnification payment to the Controlling Party under this Agreement or (ii) that is with respect to a SpinCo Separate Return for a Pre-Distribution Period or Straddle Period and could reasonably be expected to adversely affect any member of the Parent Group or that could

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result in SpinCo taking a position on a Tax Return that is inconsistent with a position taken on a Parent Group Tax Return for the Pre-Distribution Period or Straddle Period or for any other Tax Period and could reasonably be expected to materially adversely affect any member of the Parent Group. The failure of the Controlling Party to provide any notice specified in this <u>Section</u> <u>9.02(d)</u> to the Non-Controlling Party shall not relieve the Non-Controlling Party of any liability or obligation which it may have to the Controlling Party under this Agreement except to the extent that the Non-Controlling Party was actually harmed by such failure, and in no event shall such failure relieve the Non-Controlling Party from any other liability or obligation which it may have to the Controlling Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Joint Returns</u>. Notwithstanding anything in this <u>Article</u> <u>IX</u><u> </u>to the contrary, in the case of a Tax Contest related to a Joint Return, the rights of SpinCo and its Affiliates under <u>Section</u> <u>9.02(c)</u> and <u>Section</u> <u>9.02(d)</u> of this Agreement shall be limited in scope to the portion of such Tax Contest relating to Taxes for which SpinCo may reasonably expected to become liable to make any indemnification payment to Parent under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Transaction Related Tax Contests</u>. Notwithstanding anything to the contrary in <u>Section</u> <u>9.02(b)</u>, <u>Section</u> <u>9.02(c)</u>, <u>Section</u> <u>9.02(d)</u>, and <u>Section</u> <u>9.02(e)</u>, in the case of any Transaction Related Tax Contest, Parent shall have the sole and absolute responsibility and right to control the prosecution of such Tax Contest, including the exclusive right to communicate with agents of the applicable Taxing Authority and to control, resolve, settle or agree to any deficiency, claim or adjustment proposed, asserted, or assessed in connection with or as a result of such Tax Contest; <u>provided</u>, <u>that</u>, to the extent any Transaction Related Tax Contest relates to a SpinCo Separate Return in respect of a Tax Period beginning after the Distribution Date, such responsibilities and rights of Parent shall be limited to the portion of such Transaction Related Tax Contest related to the Intended Tax Treatment of or the amount of Taxes imposed in respect of any of the Separation Transactions. Notwithstanding anything to the contrary in <u>Section</u> <u>9.02(c)</u> or <u>Section</u> <u>9.02(d)</u>, the final determination of the positions taken, including with respect to settlement or other disposition, in any Transaction Related Tax Contest (taking into account the proviso to the first sentence of this <u>Section</u> <u>9.02(f)</u>) shall be made in the sole and absolute discretion of Parent and shall be final and not subject to the dispute resolution provisions of <u>Section</u> <u>13.01</u> or <u>Section</u> <u>13.02</u> of this Agreement or <u>Section</u> <u>11.02</u> or <u>Section</u> <u>11.03</u> of the Separation Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Power of Attorney</u>. Each member of the SpinCo Group shall execute and deliver to Parent (or such member of the Parent Group as Parent shall designate) any power of attorney or other similar document reasonably requested by Parent (or such designee) in connection with any Tax Contest (as to which Parent is the Controlling Party) described in this <u>Article IX</u>. Each member of the Parent Group shall execute and deliver to SpinCo (or such member of the SpinCo Group as SpinCo shall designate) any power of attorney or other similar document requested by SpinCo (or such designee) in connection with any Tax Contest (as to which SpinCo is the Controlling Party) described in this <u>Article IX</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Costs and Expenses. Except to the extent provided otherwise in this Agreement, the Party to which the Tax liability related to a Tax Contest is (or would be) allocated, as determined by Parent in its sole and absolute discretion, shall be responsible for all Tax Related Costs and Expenses incurred in connection with such Tax Contest, regardless of which Party is responsible for the conduct of such Tax Contest; <u>provided</u>, that in the event such Tax liability is allocated to both Parties, such Tax Related Costs and Expenses shall be allocated to the Parties in such manner as the Parent determines in its sole and absolute discretion.

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**ARTICLE X** 

**SURVIVAL OF OBLIGATIONS** 

Section 10.01 <u>Survival of Obligations</u>. The representations, warranties, covenants and agreements set forth in this Agreement shall be unconditional and absolute and shall remain in effect without limitation as to time.

**ARTICLE XI** 

**TAX TREATMENT OF INTEREST** 

Section 11.01 <u>Tax Treatment of Interest</u>. Anything herein or in the Separation Agreement to the contrary notwithstanding, to the extent one Party makes a payment of interest to the other Party under this Agreement with respect to the period from the date that the Party receiving the interest payment made a payment of Tax to a Tax Authority to the date that the Party making the interest payment reimbursed the Party receiving the interest payment for such Tax payment, the interest payment shall be treated as interest expense to the Party making such payment (deductible to the extent provided by Law) and as interest income by the Party receiving such payment (includible in income to the extent provided by Law). The amount of the payment shall not be adjusted to take into account any associated Tax Benefit to the Party making such payment or increase in Tax to the Party receiving such payment.

**ARTICLE XII** 

**GROSS-UP OF INDEMNIFICATION PAYMENTS** 

Section 12.01 <u>Gross-Up of Indemnification Payments</u>. Except to the extent provided in Article IX, any Tax indemnity payment made by a Party under this Agreement shall be increased as necessary so that after making all payments in respect to Taxes imposed on or attributable to such indemnity payment (but taking into account all correlative Tax Benefits resulting from the payment of such Taxes), the recipient Party receives an amount equal to the sum it would have received had no such Taxes been imposed.

**ARTICLE XIII** 

**DISPUTE RESOLUTION** 

Section 13.01 <u>Tax Disputes</u>. Subject to <u>Section</u> <u>13.03</u>, <u>Section</u> <u>13.04</u> and <u>Section</u> <u>13.05</u>, this <u>Section</u> <u>13.01</u> shall govern the resolution of any dispute between the Parties as to any matter covered by this Agreement that primarily relates to the interpretation of Tax Law, as determined by Parent in its sole and absolute discretion (a "<u>Tax Advisor Dispute</u>"). The Party raising the Tax Advisor Dispute shall give written notice of the Tax Advisor Dispute (a "<u>Tax Advisor Dispute Notice</u>"), and the tax directors of the Parties (or such other individuals designated by the respective general counsels) and/or the executive officers designated by the Parties shall

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negotiate for a reasonable period of time to settle such Tax Advisor Dispute; <u>provided</u>, <u>that</u>, such reasonable period shall not, unless otherwise agreed by the Parties in writing, exceed thirty (30) days (the "<u>Negotiation Period</u>") from the time of receipt of the Tax Advisor Dispute Notice; <u>provided</u>, <u>further</u>, that (x) the Parties shall not assert the defenses of statute of limitations, laches or any other defense, in each such case based on the passage of time during the Negotiation Period, and (y) any contractual time period or deadline under this Agreement relating to such Tax Advisor Dispute occurring after the Tax Advisor Dispute Notice is received shall not be deemed to have passed until the procedures described in this <u>Section</u> <u>13.01</u> have been resolved. If the Tax Advisor Dispute has not been resolved for any reason after the Negotiation Period, Parent shall, in its sole and absolute discretion, appoint a nationally recognized independent public accounting firm (the "<u>Accounting Firm</u>") to resolve such dispute. In this regard, the Accounting Firm shall make determinations with respect to the Tax Advisor Dispute based solely on representations made by Parent, SpinCo and their respective representatives, and not by independent review, and shall function only as an expert and not as an arbitrator and shall be required to make a determination in favor of one Party only. The Parties shall require the Accounting Firm to resolve all Tax Advisor Disputes no later than thirty (30) days after the submission of such Tax Advisor Dispute to the Accounting Firm, but in no event later than the Due Date of Taxes or the filing of the applicable Tax Return, if applicable, and agree that all decisions by the Accounting Firm with respect thereto shall be final and conclusive and binding on the Parties. The Accounting Firm shall resolve all Tax Advisor Disputes in a manner consistent with this Agreement and, to the extent not inconsistent with this Agreement, in a manner consistent with the Past Practices of Parent and its Subsidiaries, except as otherwise required by applicable Law. The Parties shall require the Accounting Firm to render all determinations in writing and to set forth, in reasonable detail, the basis for such determination. The fees and expenses of the Accounting Firm shall be borne equally by the Parties, and the parties agree to waive any objection to the naming of the Accounting Firm or the determination of the Accounting Firm based on actual or alleged conflicts of interest.

Section 13.02 <u>Legal Disputes</u>. Subject to <u>Section</u> <u>13.01</u>, <u>Section</u> <u>13.03</u>, <u>Section</u> <u>13.04</u><u> </u>and <u>Section</u> <u>13.05</u>, in the event of any claim, controversy, demand or request for relief of any kind arising out of, in connection with, or in relation to the interpretation, performance, nonperformance, validity or breach of this Agreement or otherwise arising out of or related to this Agreement (a "<u>Dispute</u>"), then the Party raising the Dispute shall give written notice of the Dispute, and the Parties shall work together in good faith to resolve any such Dispute within thirty (30) days of such notice. If any Dispute is not so resolved, then a senior executive of each Party shall, in good faith, attempt to resolve any such Dispute within the following thirty (30) days of the referral of the matter to the senior executives. If no resolution is reached with respect to any such Dispute, the Dispute shall be resolved in accordance with the procedures contained in Section 11.02, Section 11.03 or Section 11.04 of the Separation Agreement.

Section 13.03 <u>Injunctive Relief</u>. Nothing in this <u>Article XIII</u> shall prevent Parent from seeking injunctive relief to enforce the procedures provided for in <u>Section</u> <u>13.01</u> if any delay resulting from the efforts to resolve the Tax Advisor Dispute through the Accounting Firm could result in serious and irreparable injury to Parent. Notwithstanding anything to the contrary in this Agreement or the Separation Agreement (or any Ancillary Agreement), Parent and SpinCo are the only members of their respective Groups entitled to commence a dispute resolution procedure under this Agreement, and each of Parent and SpinCo will cause its respective Group members not to commence any dispute resolution procedure other than through Parent or SpinCo, as applicable, as provided in this <u>Article XIII</u>.

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Section 13.04 <u>Specific Performance</u>. Notwithstanding anything to the contrary in this Agreement or the Separation Agreement (or any Ancillary Agreement), in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of <u>Section</u> <u>6.01(b)</u>, <u>Section</u> <u>6.02(a)</u> or <u>Section</u> <u>6.02(b)</u> by SpinCo, Parent shall have the right, without first pursuing the procedures provided for in <u>Section</u> <u>13.01</u> and <u>Section</u> <u>13.02</u>, to specific performance, declaratory relief and injunctive or other equitable relief (on a permanent, emergency, temporary, preliminary or interim basis) of its rights under this Agreement, in addition to any and all other rights and remedies at Law or in equity, and all such rights and remedies shall be cumulative. SpinCo shall not oppose the granting of such relief on the basis that money damages are an adequate remedy. SpinCo agrees that the remedies at Law for any breach or threatened breach hereof, including monetary damages, are inadequate compensation for any loss, and waives any defense in any action by Parent for specific performance that a remedy at Law would be adequate. SpinCo also waives any requirements that Parent secure or post any bond or similar security with respect to such remedy.

Section 13.05 <u>Venue for Injunctive Relief and Specific Performance Claims by Parent</u>. Notwithstanding anything to the contrary in this Agreement or the Separation Agreement (or any Ancillary Agreement), Parent may bring any claim for specific performance, declaratory relief and injunctive or other equitable relief (on a permanent, emergency, temporary, preliminary or interim basis) under <u>Section</u> <u>13.03</u> or <u>Section</u> <u>13.04</u> of this Agreement (a "<u>Chosen Court Claim</u>") either (a) pursuant to the procedures contained in <u>Section</u> <u>11.02</u>, <u>Section</u> <u>11.03</u> or <u>Section</u> <u>11.04</u> of the Separation Agreement or (b) at Parent's sole and absolute discretion, in the Delaware Court of Chancery (or, if the Delaware Court of Chancery shall be unavailable, any Delaware State court or the federal court sitting in the State of Delaware) (the "Chosen Courts"). SpinCo irrevocably consents and agrees, on behalf of itself and each SpinCo Group member, to the jurisdiction, forum and venue of the Chosen Courts for a Chosen Court Claim, and agrees that it shall not assert, and shall hereby waive, any claim or right or defense that it is not subject to the jurisdiction of the Chosen Courts, that the venue is improper, that the forum is inconvenient, that the Chosen Court Claim should instead be arbitrated by agreement of Parent or operation of law, or any similar objection, claim or argument.

**ARTICLE XIV** 

**GENERAL PROVISIONS** 

Section 14.01 <u>Conflicting Agreements</u>. In the event and to the extent that there shall be a conflict between the provisions of this Agreement and the provisions of the Separation Agreement, this Agreement shall control with respect to the subject matter thereof.

Section 14.02 <u>Specified Matters</u>. Notwithstanding anything to the contrary in this Agreement, the matters specified in Schedule A shall in addition be subject to the provisions of Schedule A, which shall govern in the event of any conflict between the provisions of Schedule A and any provision in this Agreement.

Section 14.03 <u>Interest on Late Payments</u>. Except as otherwise provided in this Agreement, with respect to any payment between the Parties pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the payment date.

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Section 14.04 <u>Counterparts</u>. This Agreement may be executed in one or more counterparts, all of which counterparts shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each Party and delivered to the other Party. This Agreement may be executed by facsimile or PDF signature and scanned and exchanged by electronic mail, and such facsimile or PDF signature or scanned and exchanged copies shall constitute an original for all purposes.

Section 14.05 <u>Successors</u>. This Agreement shall be binding on and inure to the benefit of any successor by merger, acquisition of assets or otherwise, to any of the parties hereto, to the same extent as if such successor had been an original party to this Agreement.

Section 14.06 <u>Application to Present and Future Subsidiaries</u>. This Agreement is being entered into by Parent and SpinCo on behalf of themselves and the members of their respective Group. This Agreement shall constitute a direct obligation of each such Party and shall be deemed to have been readopted and affirmed on behalf of any entity that becomes a Subsidiary of Parent or SpinCo in the future.

Section 14.07 <u>Governing Law</u>. This Agreement and any disputes relating to, arising out of or resulting from this Agreement, including to its execution, performance, or enforcement, shall be governed by, and construed and enforced in accordance with, the Laws of the State of Delaware, regardless of the Laws that might otherwise govern under applicable principles of conflicts of Laws thereof or of any jurisdiction.

Section 14.08 <u>Assignability</u>. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of Law or otherwise by either Party without the prior written consent of the other Party. Any purported assignment without such consent shall be void. Subject to the preceding sentences, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and assigns. Notwithstanding the foregoing, if any Party to this Agreement (or any of its successors or permitted assigns) (a) shall enter into a consolidation or merger transaction in which such Party is not the surviving entity and the surviving entity acquires or assumes all or substantially all of such Party's assets or (b) shall transfer all or substantially all of such Party's assets to any Person, then, in each such case, the assigning Party (or its successors or permitted assigns, as applicable) shall ensure that the assignee or successor-in-interest expressly assumes in writing all of the obligations of the assigning Party under this Agreement, and the assigning Party shall not be required to seek consent, but shall provide written notice and evidence of such assignment, assumption or succession to the non-assigning Party. No assignment permitted by this <u>Section</u> <u>14.08</u> shall release the assigning Party from liability for the full performance of its obligations under this Agreement.

Section 14.09 <u>Further Assurances</u>. Subject to the provisions hereof, the Parties hereto shall make, execute, acknowledge and deliver, or cause to be made, executed, acknowledged and delivered, such other instruments and documents, and take or do, or cause to be taken or done, all such other actions and all things reasonably necessary, proper or advisable under applicable Laws and agreements to effectuate the provisions and purposes of this Agreement and to consummate and make effective the transactions contemplated hereby.

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Section 14.10 <u>Survival</u>. Notwithstanding anything to the contrary in this Agreement, all representations, covenants and obligations contained in this Agreement shall survive until the expiration of the applicable statute of limitations with respect to any such matter (including extensions thereof).

Section 14.11 <u>Severability</u>. If any provision of this Agreement or the application thereof to any Person or circumstance is determined by a court or arbitrator of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances, or in jurisdictions other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to either Party. Upon any such determination, any such provision, to the extent determined to be invalid, void or unenforceable, shall be deemed replaced by a provision that such court or arbitrator determines is valid and enforceable and that comes closest to expressing the intention of the invalid, void or unenforceable provision.

Section 14.12 <u>Amendments</u>. No provisions of this Agreement shall be deemed waived, amended, supplemented or modified by any Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of each Party. Any decision by any Party to waive or to not waive any provision of this Agreement is in such Party's sole and absolute discretion.

Section 14.13 <u>Headings</u>. The article, section and paragraph headings contained in this Agreement, including in the table of contents of this Agreement, are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

Section 14.14 <u>Waivers of Default</u>. No failure or delay of any Party (or the applicable member of its Group) in exercising any right or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. Waiver by any Party of any default by the other Party of any provision of this Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default.

Section 14.15 <u>Continuity of Service and Performance</u>. Unless otherwise agreed in writing, the Parties shall continue to provide services and honor all other commitments under this Agreement, each other Ancillary Agreement and the Separation Agreement during the course of dispute resolution pursuant to the provisions of <u>Article X</u><u>III</u> with respect to all matters not subject to such dispute resolution.

Section 14.16 <u>Notices</u>. All notices or other communications under this Agreement shall be in writing and shall be deemed to be duly given (a) when delivered in person, (b) on the date received, if sent by a nationally recognized delivery or courier service, (c) upon written confirmation of receipt after transmittal by electronic mail or (d) upon the earlier of confirmed receipt or the fifth (5th) business day following the date of mailing if sent by registered or certified mail, return receipt requested, postage prepaid and addressed as follows:

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If to Parent, to:

Aptiv PLC

100 Northern Ave

Boston, MA 02210

Attention: [\*\*\*]

E-mail: [\*\*\*]

with a copy (which shall not constitute notice) to:

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, NY 10019-6064

Attention: Brian D. Krause

E-mail: bkrause@paulweiss.com

If to SpinCo, to:

Versigent PLC

Spitalstrasse 5

8200 Schaffhausen, Switzerland

Attention: [\*\*\*]

E-mail: [\*\*\*]

Either Party may, by notice to the other Party, change the address and identity of the Person to which such notices and copies of such notices are to be given. Each Party agrees that nothing in this Agreement shall affect any other Party's right to serve process in any other manner permitted by Law (including pursuant to the rules for foreign service of process authorized by the Hague Convention).

Section 14.17 <u>Interpretation</u>. Words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include the other gender as the context requires. The terms "hereof," "herein," "herewith" and words of similar import, unless otherwise stated, shall be construed to refer to this Agreement as a whole (including all of the schedules hereto) and not to any particular provision of this Agreement. Article, Section or schedule references are to the articles, sections and schedules of or to this Agreement unless otherwise specified. Any capitalized terms used in this Agreement but not otherwise defined therein shall have the meaning as defined in the Separation Agreement. Any definition of or reference to any agreement, instrument or other document herein (including any reference herein to this Agreement) shall, unless otherwise stated, be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth therein, including in <u>Section</u> <u>14.12</u>). The word "including" and words of similar import when used in this Agreement shall mean "including, without limitation," unless the context otherwise requires or unless otherwise specified. The word "or" shall not be exclusive. The word "extent" in the phrase "to the extent" shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply "if." All references to "$" or dollar amounts are to the lawful currency of the United States of America. References herein to any Law shall be deemed to refer to such law

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as amended, reenacted, supplemented or superseded in whole or in part and in effect from time to time and also to all rules and regulations promulgated thereunder. Except as expressly set forth in this Agreement, the Parties (or their respective Group members) shall make, or cause to be made, any payment that is required to be made pursuant to this Agreement as promptly as practicable and without regard to any local currency constraints or similar restrictions. In the event that an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring either Party by virtue of the authorship of any provisions hereof.

Section 14.18 <u>Distribution Date</u>. This Agreement shall become effective only upon the Distribution Date.

*[Signature Page Follows]* 

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

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| | |
|:---|:---|
| **APTIV PLC** | **APTIV PLC** |
| By: | /s/ Varun Laroyia |
| Name: Varun Laroyia | Name: Varun Laroyia |
| Its: Executive VP & CFO | Its: Executive VP & CFO |
| **VERSIGENT LIMITED** | **VERSIGENT LIMITED** |
| By: | /s/ Timothy Seitz |
| Name: Timothy Seitz | Name: Timothy Seitz |
| Its: Director | Its: Director |

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## Exhibit 10.3

**Exhibit 10.3** 

EXECUTION VERSION

**EMPLOYEE MATTERS AGREEMENT** 

between

**APTIV PLC** 

and

**VERSIGENT LIMITED** 

Dated as of March 30, 2026

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**TABLE OF CONTENTS** 

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| | | |
|:---|:---|:---|
|  |  | **Page** |
|  ARTICLE I DEFINITIONS | ARTICLE I DEFINITIONS | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 1.1 | Certain Defined Terms | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 1.2 | Other Capitalized Terms | 8 |
|  ARTICLE II GENERAL PRINCIPLES; EMPLOYEE TRANSFERS | ARTICLE II GENERAL PRINCIPLES; EMPLOYEE TRANSFERS | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 2.1 | Parent Group Employee Liabilities | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 2.2 | SpinCo Group Employee Liabilities | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 2.3 | Parent Benefit Plans/SpinCo Benefit Plans | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 2.4 | Employee Transfers | 9 |
|  ARTICLE III NON-U.S. RETIREMENT AND BENEFIT PLANS AND NON-U.S. EMPLOYEE TRANSFERS | ARTICLE III NON-U.S. RETIREMENT AND BENEFIT PLANS AND NON-U.S. EMPLOYEE TRANSFERS | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 3.1 | Non-U.S. Plans Generally | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 3.2 | Non-U.S. Employees | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 3.3 | SpinCo Spinoff Non-U.S. Welfare Plans | 14 |
|  ARTICLE IV SERVICE CREDIT | ARTICLE IV SERVICE CREDIT | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 4.1 | Service Credit for Employee Transfers | 15 |
|  ARTICLE V LITIGATION AND COMPENSATION | ARTICLE V LITIGATION AND COMPENSATION | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 5.1 | Employee-Related Litigation | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 5.2 | Vacation | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 5.3 | Annual Bonuses | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 5.4 | Employment Agreements | 16 |
|  ARTICLE VI CERTAIN WELFARE BENEFIT PLAN MATTERS | ARTICLE VI CERTAIN WELFARE BENEFIT PLAN MATTERS | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 6.1 | SpinCo Spinoff Welfare Plans | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 6.2 | Workers' Compensation | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 6.3 | COBRA | 18 |
|  ARTICLE VII U.S. TAX-QUALIFIED DEFINED CONTRIBUTION PLANS | ARTICLE VII U.S. TAX-QUALIFIED DEFINED CONTRIBUTION PLANS | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 7.1 | SpinCo Spinoff DC Plans | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 7.2 | Contributions Due | 20 |
|  ARTICLE VIII NONQUALIFIED RETIREMENT PLANS | ARTICLE VIII NONQUALIFIED RETIREMENT PLANS | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 8.1 | SpinCo Spinoff Nonqualified Plans | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 8.2 | No Distributions on Separation | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 8.3 | Code Section 409A | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 8.4 | Continuation of Elections | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 8.5 | Delayed Transfer Employees | 21 |

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i

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---

| | | |
|:---|:---|:---|
|  ARTICLE IX PARENT EQUITY COMPENSATION AWARDS | ARTICLE IX PARENT EQUITY COMPENSATION AWARDS | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 9.1 | Outstanding Parent Equity Compensation Awards | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 9.2 | Conformity with Non-U.S. Laws | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 9.3 | Tax Withholding and Reporting | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 9.4 | Employment Treatment | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 9.5 | Equity Award Administration | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 9.6 | Registration | 25 |
|  ARTICLE X BENEFIT PLAN REIMBURSEMENTS, BENEFIT PLAN THIRD-PARTY CLAIMS | ARTICLE X BENEFIT PLAN REIMBURSEMENTS, BENEFIT PLAN THIRD-PARTY CLAIMS | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 10.1 | General Principles | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 10.2 | Benefit Plan Third-Party Claims | 25 |
|  ARTICLE XI INDEMNIFICATION | ARTICLE XI INDEMNIFICATION | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 11.1 | Indemnification | 25 |
|  ARTICLE XII COOPERATION | ARTICLE XII COOPERATION | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 12.1 | Cooperation | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 12.2 | Consultation with Employee Representative Bodies | 26 |
|  ARTICLE XIII MISCELLANEOUS | ARTICLE XIII MISCELLANEOUS | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 13.1 | Vendor Contracts | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 13.2 | Employment Taxes Withholding Reporting Responsibility | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 13.3 | Data Privacy | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 13.4 | Third-Party Beneficiaries | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 13.5 | Effect if Distribution Does Not Occur | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 13.6 | Incorporation of Separation Agreement Provisions | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 13.7 | No Representation or Warranty | 28 |

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| | |
|:---|:---|
| Schedule 1.1(a): | Former SpinCo Employee |
| Schedule 1.1(b): | Certain Plan Split Dates |
| Schedule 1.1(c)(i): | SpinCo Employee Schedule |
| Schedule 1.1(c)(ii): | SpinCo Employee No Transfer Schedule |
| Schedule 2.2: | Former SpinCo Employee Liabilities Retained by Parent |
| Schedule 2.3(a): | Country Exceptions to Parent Benefit Plan Allocation |
| Schedule 2.3(b): | Country Exceptions to SpinCo Benefit Plan Allocation |
| Schedule 3.1: | Parent Non-U.S. Benefit Plans That Will Automatically Apply to SpinCo or be Assumed by SpinCo |
| Schedule 3.1(a)(i): | SpinCo Convey Pension Plans |
| Schedule 3.1(a)(ii): | Parent Retain Pension Plans |
| Schedule 3.1(a)(iii)(A)(1): | Separate Spinoff Pension Plans |
| Schedule 3.1(a)(iii)(A)(2): | Separate Split Pension Plans |
| Schedule 3.1(a)(iii)(B): | Asset Transfer Methodology |

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ii

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---

| | |
|:---|:---|
| Schedule 3.1(a)(iv)(A)(1): | Replicate Spinoff Pension Plans |
| Schedule 3.1(a)(iv)(A)(2): | Replicate Split Pension Plans |
| Schedule 3.1(b)(i)(A): | SpinCo Spinoff Non-U.S. DC Plans |
| Schedule 3.1(b)(i)(B): | Split Non-U.S. DC Plans |
| Schedule 3.1(b)(ii): | Transferred Non-U.S. DC Plan Liabilities |
| Schedule 3.2(b): | Countries Where CBAs Will Automatically Apply |
| Schedule 3.2(c): | Countries Where CBAs Will Not Apply to New Hires |
| Schedule 3.3(i): | Split Non-U.S. Welfare Plans |
| Schedule 3.3(ii) | Exceptions to Split Non-U.S. Welfare Plan Replication |
| Schedule 6.1(a): | Split Welfare Plans |
| Schedule 6.1(c): | Treatment of SpinCo Welfare Plans for SpinCo Delayed Transferees |
| Schedule 7.1(a)(i): | SpinCo Spinoff DC Plan |
| Schedule 7.1(a)(ii): | Split DC Plan |
| Schedule 8.1(a)(i): | SpinCo Spinoff Nonqualified Plans |
| Schedule 8.1(a)(ii): | Split Nonqualified Plans |
| Schedule 8.1(c): | Nonqualified Plans retained by Parent |
| Schedule 9.1(a)(ii)(A): | Adjusted Parent Performance-Based RSU Determination Principles |
| Schedule 9.1(a)(ii)(B): | Adjusted SpinCo Performance-Based RSU Determination Principles |

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iii

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**EMPLOYEE MATTERS AGREEMENT** 

EMPLOYEE MATTERS AGREEMENT, dated as of March 30, 2026 (this "<u>Employee Matters Agreement</u>"), between Aptiv PLC, a Jersey public limited company ("<u>Parent</u>"), and Versigent Limited, a Jersey private limited company and a preexisting, wholly owned subsidiary of Parent ("<u>SpinCo</u>").

**RECITALS** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The parties to this Employee Matters Agreement have entered into the Separation and Distribution Agreement (the "<u>Separation Agreement</u>"), dated as of the date hereof, pursuant to which Parent intends to distribute to its shareholders, on a <u>pro</u> <u>rata</u> basis, 100% of the outstanding shares of SpinCo Stock held by Parent (the "<u>Distribution</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The parties wish to set forth their agreements as to certain matters regarding the treatment of, and the compensation and employee benefits provided to, current and former employees of Parent and SpinCo and their Subsidiaries.

**AGREEMENT** 

In consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound hereby, the parties agree as follows:

**ARTICLE I** 

**DEFINITIONS** 

Section 1.1 <u>Certain Defined Terms</u>. For the purposes of this Employee Matters Agreement:

"<u>Ad</u>j<u>usted Parent Performance-Based RSU</u>" means a performance-based restricted stock unit award with respect to Parent Stock resulting from the adjustment of Parent Performance-Based RSUs as described in <u>Section</u> <u>9.1(a)(ii)(A)</u>.

"<u>Ad</u>j<u>usted Parent Time-Based RSU</u>" means a time-based restricted stock unit award with respect to Parent Stock resulting from the adjustment of Parent Time-Based RSUs as described in <u>Section</u> <u>9.1(a)(i)(A)</u>.

"<u>AIP</u>" has the meaning set forth in <u>Section</u> <u>5.3(b</u>).

"<u>Applicable Transfer Date</u>" means the date on which a Delayed Transfer Employee actually transfers employment to the SpinCo Group or the Parent Group, as applicable.

"<u>Benefit Plan</u>" means, with respect to an entity, each plan, program, policy, agreement, arrangement or understanding that is maintained primarily for the benefit of employees in the United States and is a deferred compensation, executive compensation, incentive bonus or other bonus, pension, profit sharing, savings, retirement, severance pay, salary continuation, life, death benefit, health, hospitalization, sick leave, vacation pay, disability or accident insurance or other employee benefit plan, program, agreement or arrangement (including any "employee benefit

------

plan" (as defined in Section 3(3) of ERISA)) sponsored, maintained or contributed to by such entity or to which such entity is a party or under which such entity has any obligation; <u>provided</u> that no (i) Parent Equity Compensation Award, nor any plan under which any such Parent Equity Compensation Award is granted, (ii) plan, program or arrangement sponsored by a Governmental Authority or (iii) plan, policy, program, arrangement or understanding mandated by applicable Law will constitute a "Benefit Plan". In addition, no Employment Agreement will constitute a Benefit Plan for purposes hereof.

"<u>COBRA</u>" means the continuation coverage requirements under Code Section 4980B and ERISA Sections 601-608.

"<u>Code</u>" means the Internal Revenue Code of 1986, as amended.

"<u>Collective Bargaining Agreement</u>" means (a) any agreement between Parent or an Affiliate of Parent and a trade union, works council or trade representative that sets forth the terms and conditions of employment relating to Non-U.S. SpinCo Employees and (b) any terms and conditions that apply to Non-U.S. SpinCo Employees by virtue of Parent's or an Affiliate of Parent's membership in a union or participation in a particular trade, industry or economic sector.

"<u>Current SpinCo Workers' Compensation Claims</u>" has the meaning set forth in <u>Section</u> <u>6.2</u>.

"<u>Damages</u>" means all losses, claims, demands, damages, Liabilities, judgments, dues, penalties, assessments, fines (civil, criminal or administrative), costs, liens, forfeitures, settlements, fees or expenses (including reasonable attorneys' fees and expenses and any other expenses reasonably incurred in connection with investigating, prosecuting or defending a claim or Action), of any nature or kind, whether or not the same would properly be reflected on any financial statements or the footnotes thereto.

"<u>Delayed Transfer Employee</u>" has the meaning set forth in <u>Section</u> <u>2.4</u>.

"<u>Distribution</u>" has the meaning set forth in the Recitals.

"<u>Early Transfer Employee</u>" has the meaning set forth in <u>Section</u> <u>2.4</u>.

"<u>Employee Matters Agreement</u>" has the meaning set forth in the preamble.

"<u>Employment Agreement</u>" means any individual employment, offer, retention, consulting, restrictive covenant, sign-on, relocation, change in control, sale bonus, incentive bonus, severance or other individual compensatory agreement (including any claw back or repayment agreement) between any current or former employee and Parent or any of its Affiliates.

"<u>ERISA</u>" means the Employee Retirement Income Security Act of 1974, as amended.

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"<u>Former Parent Employee</u>" means any individual who (i) on or before the close of business on the Distribution Date retired or otherwise separated from service from Parent and its Affiliates, and (ii) is not a Former SpinCo Employee.

"<u>Former SpinCo Employee</u>" means any individual (i) (A) who on or before the close of business on the Distribution Date retired or otherwise separated from service from Parent and its Affiliates, and (B) whose last day worked with Parent and its Affiliates was with (I) the SpinCo Business or (II) any Person that will be a member of the SpinCo Group immediately after the Distribution or (ii) who is set forth on <u>Schedule 1.1(a)</u>.

"<u>German Spinoff Pension Plan</u>" has the meaning set forth in <u>Section</u> <u>3.1(a)(iii)(A)</u>.

"<u>German Split Pension Plan</u>" has the meaning set forth in <u>Section</u> <u>3.1(a)(iii)(A)</u>.

"<u>German Split Pension Plan Inactive Liability Assumption Date</u>" has the meaning set forth in <u>Section</u> <u>3.1(a)(iii)(A)</u>.

"<u>Group</u>" means the Parent Group or the SpinCo Group, as the context requires.

"<u>Historical SpinCo Workers' Compensation Claims</u>" has the meaning set forth in <u>Section</u> <u>6.2</u>.

"<u>Non-U.S. Benefit Plan</u>" means, with respect to an entity, each plan, program, policy, agreement, arrangement or understanding that is maintained primarily for the benefit of employees outside of the United States and is a deferred compensation, executive compensation, incentive bonus or other bonus, pension, profit sharing, savings, retirement, severance pay, salary continuation, life, death benefit, health, hospitalization, sick leave, vacation pay, disability or accident insurance or other employee benefit plan, program, agreement or arrangement sponsored, maintained or contributed to by such entity or to which such entity is a party or under which such entity has any obligation; <u>provided</u> that no (i) Parent Equity Compensation Award, nor any plan under which any such Parent Equity Compensation Award is granted (ii) plan, program or arrangement sponsored by a Governmental Authority or (iii) plan, policy, program, arrangement or understanding mandated by applicable Law will constitute a "Non-U.S. Benefit Plan". In addition, no Employment Agreement will constitute a Non-U.S. Benefit Plan for purposes hereof.

"<u>Non-U.S. SpinCo Employee</u>" means each SpinCo Employee whose employment is based outside of the United States. Non-U.S. SpinCo Employees also include Delayed Transfer Employees whose employment is based outside of the United States and who are SpinCo Delayed Transferees, effective as of the Applicable Transfer Date.

"<u>Parent</u>" has the meaning set forth in the preamble.

"<u>Parent AIP</u>" has the meaning set forth in in <u>Schedule 5.3(a)</u>.

"<u>Parent Benefit Plan</u>" means each Benefit Plan that is not a SpinCo Benefit Plan.

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"<u>Parent Compensation Committee</u>" means the Compensation and Human Resources Committee of the board of directors of Parent.

"<u>Parent Delayed Transferees</u>" means the Delayed Transfer Employees who transfer from the SpinCo Group to the Parent Group.

"<u>Parent Employee</u>" means each individual who, as of the close of business on the Distribution Date, is employed by Parent or any of its Subsidiaries but is not a SpinCo Employee (whether employed by the Parent Group or the SpinCo Group). For the avoidance of doubt, Parent Employees also include Parent Delayed Transferees, effective as of the Applicable Transfer Date.

"<u>Parent Entity</u>" means a member of the Parent Group.

"<u>Parent Equity Compensation Award</u>" means each Parent Performance-Based RSU and Parent Time-Based RSU.

"<u>Parent LTIP</u>" means the Aptiv PLC Long-Term Incentive Plan.

<u>"</u><u>Parent Non-U.S. Benefit Plan</u>" means each Non-U.S. Benefit Plan that is not a SpinCo Non-U.S. Benefit Plan.

"<u>Parent Non-U.S. Welfare Plan</u>" means each Parent Non-U.S. Benefit Plan that is a Welfare Plan that is not statutorily mandated.

"<u>Parent Participant</u>" means any Parent Employee, Former Parent Employee, Former SpinCo Employee (if any) or non-employee board member who immediately prior to the Distribution Date holds Parent Equity Compensation Awards, or a beneficiary, dependent or alternate payee of such person.

"<u>Parent Performance-Based RSU</u>" means a performance-based restricted stock unit award with respect to Parent Stock granted by Parent under the Parent LTIP before the Distribution Date.

"<u>Parent Retain Pension Plans</u>" has the meaning set forth in <u>Section</u> <u>3(a)</u>.

"<u>Parent Time-Based RSU</u>" means a time-based restricted stock unit award with respect to Parent Stock granted by Parent under any Parent LTIP before the Distribution Date.

"<u>Parent Welfare Plan</u>" means each Parent Benefit Plan that is a Welfare Plan.

"<u>Plan Payee</u>" means, as to an individual who participates in a Benefit Plan, such individual's dependents, beneficiaries, alternate payees and alternate recipients, as applicable under such Benefit Plan.

"<u>Plan Split Date</u>" means the date set forth on <u>Schedule 1.1(b)</u> for each of the countries listed thereon.

------

"<u>Post-Distribution VWAP Parent Price</u>" means the two-day volume weighted average price of Parent Stock on the New York Stock Exchange during the first and second Trading Days immediately following the Distribution (as traded on the "regular way" market) as reported by Bloomberg L.P. or any successor thereto.

"<u>Pre-Distribution Action</u>" means an Action by any Third-Party with respect to a Split Plan, Parent Employee, Former Parent Employee, SpinCo Employee, or Former SpinCo Employee that arises from an act, omission, or event that occurred prior to the Distribution.

"<u>Pre-Distribution Parent Price</u>" means the closing sale price of Parent Stock on the New York Stock Exchange on the Trading Day immediately preceding the Distribution Date (as traded on the "regular way" market) as reported by Bloomberg L.P. or any successor thereto.

"<u>Replicate Spinoff Pension Plan</u>" has the meaning set forth in <u>Section</u> <u>3.1(a)</u>.

"<u>Replicate Split Pension Plans</u>" has the meaning set forth in <u>Section</u> <u>3.1(a)</u>.

"<u>Retained Severance Benefits</u>" has the meaning set forth in <u>Section</u> <u>6.1(a</u>).

"<u>Separation Agreement</u>" has the meaning set forth in the Recitals.

"<u>Separate Spinoff Pension Plan</u>" has the meaning set forth in <u>Section</u> <u>3.1(a)</u>.

"<u>Separate Split Pension Plan</u>" has the meaning set forth in <u>Section</u> <u>3.1(a)</u>.

"<u>SpinCo</u>" has the meaning set forth in the preamble.

"<u>SpinCo AIP</u>" has the meaning set forth in <u>Section</u> <u>5.3(a)</u>.

"<u>SpinCo Benefit Plan</u>" means (i) any Benefit Plan sponsored or maintained by any member of the SpinCo Group or (ii) any Benefit Plan (other than as set forth in (i)) exclusively for the benefit of the SpinCo Employees and/or former employees of the SpinCo Business. For the avoidance of doubt, no member of the SpinCo Group will be deemed to sponsor or maintain any Benefit Plan if its relationship to such Benefit Plan is solely to administer such Benefit Plan or to provide to the Parent Group any reimbursement in respect of such Benefit Plan.

"<u>SpinCo Convey Pension Plans</u>" has the meaning set forth in <u>Section</u> <u>3.1(a)</u>.

"<u>SpinCo Employee</u>" means each (a) employee (including any employee on an approved leave of absence) employed by Parent or any of its Subsidiaries who is exclusively dedicated to the SpinCo Business as of immediately prior to the Distribution, (b) employee (including an employee on an approved leave of absence) who is employed by a SpinCo Entity as of immediately prior to the Distribution and (c) other individual (i) listed on <u>Schedule 1.1(c)(i)</u> or (ii) hired or reassigned by Parent or any of its Subsidiaries between the date of this Employee Matters Agreement and the Distribution Date to replace any of the individuals included on <u>Schedule 1.1(c)(i)</u>, including, in the case of clause (i) or (ii), any individual on an approved leave of absence. Notwithstanding the foregoing, no individual listed on <u>Schedule 1.1(c)(ii)</u> shall be considered a SpinCo Employee.

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"<u>SpinCo Employment Agreement</u>" has the meaning set forth in <u>Section</u> <u>5.4</u>.

"<u>SpinCo Entity</u>" means a member of the SpinCo Group.

"<u>SpinCo Equity Compensation Award</u>" means each SpinCo Performance-Based RSU or SpinCo Time-Based RSU.

"<u>SpinCo Flexible Account Plan</u>" has the meaning set forth in <u>Section</u> <u>6.4</u>.

"<u>SpinCo Delayed Transferees</u>" means the Delayed Transfer Employees who transfer from the Parent Group to the SpinCo Group.

"<u>SpinCo LTIP</u>" means the SpinCo Long Term Incentive Plan and any stock-based or other incentive plan identified by SpinCo before the Distribution Date.

"<u>SpinCo Non-U.S. Benefit Plan</u>" means any (i) Non-U.S. Benefit Plan sponsored or maintained by a member of the SpinCo Group or (ii) any Non-U.S. Benefit Plan (other than as set forth in (i)) exclusively for the benefit of the SpinCo Employees and/or former employees of the SpinCo Business. For the avoidance of doubt, such plans do not include any statutory programs, including retirement, severance, termination or insurance benefits required by applicable Law.

"<u>SpinCo Participant</u>" means any SpinCo Employee who immediately prior to the Distribution Date holds Parent Equity Compensation Awards, or a beneficiary, dependent or alternate payee of such person.

"<u>SpinCo Performance-Based RSU</u>" means a performance-based restricted stock unit award with respect to SpinCo Stock subject to the SpinCo LTIP and resulting from the adjustment of Parent Performance-Based RSUs as described in <u>Section</u> <u>9.1(a)(ii)(B)</u>.

"<u>SpinCo Spinoff DC Plans</u>" has the meaning set forth in <u>Section</u> <u>7.1(a</u>).

"<u>SpinCo Spinoff Nonqualified Plans</u>" has the meaning set forth in <u>Section</u> <u>8.1(a</u>).

"<u>SpinCo Spinoff Non-U.S. DC Plans</u>" has the meaning set forth in <u>Section</u> <u>3.1(b</u>).

"<u>SpinCo Spinoff Non-U.S. Welfare Plan</u>" has the meaning set forth in <u>Section</u> <u>3.3</u>.

"<u>SpinCo Spinoff Welfare Plan</u>" has the meaning set forth in <u>Section</u> <u>6.1(a</u>).

"<u>SpinCo Stock</u>" means the ordinary shares, par value $0.01 per share, of SpinCo.

"<u>SpinCo Time-Based RSU</u>" means a time-based restricted stock unit award with respect to SpinCo Stock subject to the SpinCo LTIP and resulting from the adjustment of Parent Time-Based RSUs as described in <u>Section</u> <u>9.1(a)(i)(B)</u>.

"<u>SpinCo VWAP Price</u>" means the two-day volume-weighted average price of SpinCo Stock on the New York Stock Exchange during the first and second Trading Days immediately following the Distribution (as traded on the "regular way" market) as reported by Bloomberg L.P. or any successor thereto.

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"<u>SpinCo Welfare Claims</u>" has the meaning set forth in <u>Section</u> <u>6.1(a</u>).

"<u>SpinCo Workers' Compensation Claim</u>" has the meaning set forth in <u>Section</u> <u>6.5</u>.

"<u>Split DC Plans</u>" has the meaning set forth in <u>Section</u> <u>7.1(a</u>).

"<u>Split Non-U.S. Plan</u>" means a Non-U.S. Benefit Plan sponsored, maintained or contributed to by the Parent Group that transferred liabilities to a Non-U.S. Benefit Plan sponsored, maintained or contributed to by the SpinCo Group in connection with the Distribution.

"<u>Split Non-U.S. Welfare Plan</u>" has the meaning set forth in <u>Section</u> <u>3.3</u>.

"<u>Split Nonqualified Plans</u>" has the meaning set forth in <u>Section</u> <u>8.1(a</u>).

"<u>Split Plans</u>" means the Split Welfare Plans, Split DC Plans, Split Nonqualified Plans, and Split Non-U.S. Plans.

"<u>Split Welfare Plans</u>" has the meaning set forth in <u>Section</u> <u>6.1(a</u>).

"<u>Third-Party</u>" means a Person (including any Governmental Authority) who is not a member of the Parent Group or SpinCo Group.

"<u>Trading Day</u>" means the period of time during any given calendar day, beginning at 9:30 a.m. (New York time) (or such other time as the New York Stock Exchange publicly announces is the official open of trading), and ending at 4:01 p.m. (New York time) (or one minute after such other time as the New York Stock Exchange publicly announces is the official close of trading), in which trading and settlement in Parent Stock or SpinCo Stock is permitted on the New York Stock Exchange.

"<u>U.S. SpinCo Employee</u>" means each SpinCo Employee whose employment is based in the United States. U.S. SpinCo Employees also include Delayed Transfer Employees whose employment is based in the United States and who are SpinCo Delayed Transferees, effective as of the Applicable Transfer Date.

"<u>Vendor Contract</u>" has the meaning set forth in <u>Section</u> <u>13.1</u>.

"<u>Welfare Plan</u>" means each Benefit Plan that provides life insurance, health care, dental care, vision care, employee assistance programs (EAP), accidental death and dismemberment insurance, disability, severance, vacation or other group welfare or fringe benefits or is otherwise an "employee welfare benefit plan" as described in Section 3(1) of ERISA.

"<u>Workers' Compensation Event</u>" means the event, injury, illness or condition giving rise to a workers' compensation claim.

------

Section 1.2 <u>Other Capitalized Terms</u>. Capitalized terms not defined in this Employee Matters Agreement, including the following, will have the meanings ascribed to them in the Separation Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Action

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Affiliate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ancillary Agreements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Distribution

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Distribution Date

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Global Data Processing Addendum

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Governmental Authority

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Law

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Liability or Liabilities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Parent Group

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Parent Stock

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Person

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• SpinCo Business

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• SpinCo Group

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Subsidiary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax or Taxes

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax Matters Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Third-Party Claim

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transition Services Agreement

**ARTICLE II** 

**GENERAL PRINCIPLES; EMPLOYEE TRANSFERS** 

Section 2.1 <u>Parent Group Employee Liabilities</u>. Except as specifically provided in this Employee Matters Agreement, the Parent Group will be solely responsible for (i) all employment, compensation and employee benefits Liabilities to the extent relating to, arising out of or resulting from Parent Employees and Former Parent Employees, (ii) all Liabilities to the extent relating to, arising out of or resulting from each Parent Benefit Plan, and (iii) any other Liabilities expressly assigned or allocated to a Parent Group member under this Employee Matters Agreement, whether arising before, on or after the Distribution Date.

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Section 2.2 <u>SpinCo Group Employee Liabilities</u>. Except as specifically provided in this Employee Matters Agreement, the SpinCo Group will be solely responsible for (i) all employment, compensation and employee benefits Liabilities to the extent relating to, arising out of or resulting from SpinCo Employees, (ii) all employment, compensation and employee benefits Liabilities to the extent relating to, arising out of or resulting from Former SpinCo Employees, except as otherwise required by Law or provided in <u>Schedule 2.2</u>, (iii) all Liabilities to the extent relating to, arising out of or resulting from each SpinCo Benefit Plan, and (iv) any other Liabilities expressly assigned or allocated to a SpinCo Group member under this Employee Matters Agreement, whether arising before, on or after the Distribution Date.

Section 2.3 <u>Parent Benefit Plans/SpinCo Benefit Plans</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as otherwise provided herein or as set forth on <u>Schedule 2.3(a</u>), the Parent Group will be exclusively responsible for administering each Parent Benefit Plan and Parent Non-U.S. Benefit Plan in accordance with its terms and for all obligations and Liabilities to the extent relating to, arising out of or resulting from the Parent Benefit Plans and Parent Non-U.S. Benefit Plans and all benefits owed to participants in the Parent Benefit Plans and Parent Non-U.S. Benefit Plans, whether arising before, on or after the Distribution Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as otherwise provided herein or as set forth on <u>Schedule 2.3(b</u>), effective as of (i) the applicable Plan Split Date, in the case of the SpinCo Spinoff DC Plans, the SpinCo Spinoff Non-U.S. DC Plans, the SpinCo Spinoff Nonqualified Plans, the SpinCo Spinoff Welfare Plans and the SpinCo Spinoff Non-U.S. Welfare Plans and (ii) the Distribution Date, in the case of all other SpinCo Benefit Plans and SpinCo Non-U.S. Benefit Plans, the SpinCo Group will be exclusively responsible for administering each SpinCo Benefit Plan and SpinCo Non-U.S. Benefit Plan in accordance with its terms and for all obligations and Liabilities to the extent relating to, arising out of or resulting from SpinCo Benefit Plans and SpinCo Non-U.S. Benefit Plans and all benefits owed to participants in the SpinCo Benefit Plans and SpinCo Non-U.S. Benefit Plans, whether arising before, on or after the Distribution Date or Plan Split Date, as applicable.

Section 2.4 <u>Employee Transfers</u>. Any employee whose employment transfers pursuant to one of the following categories will be a "<u>Delayed Transfer Employee</u>"; <u>provided</u> that such employee was continuously employed by a member of the SpinCo Group or the Parent Group (as applicable) from the Distribution Date through the date of the employment transfer: (a) within 6 months after the Distribution Date from the Parent Group to the SpinCo Group or from the SpinCo Group to the Parent Group because such employee was inadvertently and erroneously treated as employed by the wrong employer on the Distribution Date; (b) within 30 months after the Distribution Date from the Parent Group to the SpinCo Group if such employee was on disability leave on the Distribution Date and such transfer occurs immediately upon the employee returning to work; or (c) to the extent applicable, before or at the expiration of, as determined by Parent, the applicable period of the Transition Services Agreement under which

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such employee provides services. Notwithstanding anything herein to the contrary, no employee will be considered a Delayed Transfer Employee unless the mutual agreement with respect to, and the Applicable Transfer Date of, the Delayed Transfer Employee occurs on or before the end of the maximum period during which the transfer is permitted to occur, as detailed above. With respect to any employee whose employment transfers prior to the Distribution Date, if any, in accordance with a local asset, stock transfer or business transfer agreement or otherwise ("<u>Early Transfer Employees</u>"), the treatment of Liabilities set forth in this Employee Matters Agreement that applies to employees who transfer employment on the Distribution Date shall also apply to such Early Transfer Employees.

**ARTICLE III** 

**NON-U.S. RETIREMENT AND BENEFIT PLANS AND** 

**NON-U.S. EMPLOYEE TRANSFERS** 

Section 3.1 <u>Non-U.S. Plans Generally</u>. Except as otherwise provided below, effective as of the Distribution Date, (i) Parent or a member of the Parent Group will retain each Parent Non-U.S. Benefit Plan and (ii) SpinCo or a member of the SpinCo Group will retain or assume each SpinCo Non-U.S. Benefit Plan. To the extent that applicable Law of any jurisdiction requires that, in connection with the transactions contemplated by this Employee Matters Agreement, the Separation Agreement or the other Ancillary Agreements, all or a portion of the Parent Non-U.S. Benefit Plans listed on <u>Schedule 3.1</u> be assumed by a member of the SpinCo Group or be applicable to the Non-U.S. SpinCo Employees on and after the Distribution Date for such period of time permitted or required under applicable Law, SpinCo will cause the SpinCo Group to assume such Parent Non-U.S. Plans or apply the terms of such Parent Non-U.S. Benefit Plans to Non-U.S. SpinCo Employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Non-U.S. Pension Plans</u>. Notwithstanding anything herein to the contrary, the following treatment shall apply with respect to the non-U.S. pension plans:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Convey</u>. SpinCo or another member of the SpinCo Group shall retain all Liabilities with respect to the Benefit Plans listed on <u>Schedule 3.1(a)(i</u>) (the "<u>SpinCo Convey Pension Plans</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Retain</u>. Parent or another member of the Parent Group shall retain all Liabilities with respect to the Benefit Plans listed on <u>Schedule 3.1(a)(ii)</u> (the "<u>Parent Retain Pension Plans</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Separate</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Effective as of the applicable Plan Split Date, SpinCo or another member of the SpinCo Group has established and adopted the defined benefit pension plans listed on <u>Schedule 3.1(a)(iii)(A)(1)</u> (collectively, the "<u>Separate Spinoff Pension Plans</u>") to provide retirement benefits to certain Non-U.S. SpinCo Employees and former Non-U.S. SpinCo Employees and their respective Plan Payees located in the jurisdictions set forth next to each such Separate Spinoff Pension Plan, who participated in the pension plans listed on <u>Schedule 3.1(a)(iii)(A)(2)</u> (collectively, the "<u>Separate Split Pension Plans</u>") immediately prior to the applicable Plan Split Date. The Separate Spinoff Pension Plans, as applicable, assumed liability

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for all benefits accrued or earned by Non-U.S. SpinCo Employees, former Non-U.S. SpinCo Employees and their respective Plan Payees under the corresponding applicable Separate Split Pension Plan as of the applicable Plan Split Date; <u>provided</u>, that with respect to any Separate Split Pension Plan in Germany (the "<u>German Split Pension Plan</u>") and the corresponding Separate Spinoff Pension Plan in Germany (the "<u>German Spinoff Pension Plan</u>"), the liabilities with respect to former Non-U.S. SpinCo Employees and their respective Plan Payees shall be assumed by the German Spinoff Pension Plan as soon as reasonably practicable following the Distribution Date at the time which such liabilities are permitted to be assumed in accordance with applicable German Law (the "<u>German Spinoff Pension Plan Inactive Liability Assumption Date</u>"). As of the applicable Plan Split Date, SpinCo or a member of the SpinCo Group is solely responsible for taking all necessary, reasonable, and appropriate actions to maintain and administer the Separate Spinoff Pension Plans so that such plans comply with applicable local Law. As of the applicable Plan Split Date (or, the German Spinoff Pension Plan Inactive Liability Assumption Date, as applicable), the Liabilities under the Separate Split Pension Plans to the extent relating to, arising out of or resulting from Non-U.S. SpinCo Employees, former Non-U.S. SpinCo Employees and their respective Plan Payees have ceased to be Liabilities of the Separate Split Pension Plans, and have been or will be assumed by the Separate Spinoff Pension Plans, as applicable, and the Parent Group and the Separate Split Pension Plans have retained or will retain all Liabilities to the extent relating to, arising out of or resulting from Parent Employees and Former Parent Employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) On or prior to the Distribution Date (or, the German Spinoff Pension Plan Inactive Liability Assumption Date, as applicable), Parent or a member of the Parent Group shall cause or have caused the Separate Split Pension Plans (or any applicable trust related thereto) to transfer to the corresponding Separate Spinoff Pension Plan (or any applicable trust related thereto) a portion of the assets of the Separate Split Pension Plans, in cash or in kind, pursuant to the methodology set forth on <u>Schedule 3.1(a)(iii)(B)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Replicate</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Effective as of the Plan Split Date, SpinCo or another member of the SpinCo Group has established and adopted the defined benefit pension plans listed on <u>Schedule 3.1(a)(iv)(A)(1)</u> (collectively, the "<u>Replicate Spinoff Pension Plans</u>") to provide retirement benefits to certain Non-U.S. SpinCo Employees and former Non-U.S. SpinCo Employees and their respective Plan Payees located in the jurisdictions set forth next to each such Replicate Spinoff Pension Plan, who participated in the pension plans listed on <u>Schedule 3.1(a)(iv)(A)(2)</u> (collectively, the "<u>Replicate Split Pension Plans</u>") prior to the applicable Plan Split Date. The Replicate Spinoff Pension Plans, as applicable, assumed liability for all benefits accrued or earned by Non-U.S. SpinCo Employees and former Non-U.S. SpinCo Employees and their respective Plan Payees under the corresponding applicable Replicate Split Pension Plan as of the applicable Plan Split Date. As of the applicable Plan Split Date, SpinCo or a member of the SpinCo Group is solely responsible for taking all necessary, reasonable, and appropriate actions to maintain and administer the Replicate Spinoff Pension Plans so that such plans comply with applicable local Law. As of the applicable Plan Split Date, the Liabilities under the Replicate Split Pension Plans to the extent relating to, arising out of or resulting from Non-U.S. SpinCo Employees, former Non-U.S. SpinCo Employees, and their Plan Payees have ceased to be Liabilities of the Replicate Split Pension Plans, and have been assumed by the Replicate Spinoff Pension Plans, as applicable, and the Parent Group and the Replicate Split Pension Plans have retained or will retain all Liabilities to the extent relating to, arising out of or resulting from Parent Employees and Former Parent Employees.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Because the Replicate Split Pension Plans are unfunded, no assets have been or will be transferred to the Replicate Spinoff Pension Plans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Non-U.S. Defined Contribution Plans</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Effective as of the applicable Plan Split Date, SpinCo or another member of the SpinCo Group has established and adopted certain defined contribution plans and, as applicable, related master trusts or other trusts listed on <u>Schedule 3.1(b)(i)(A)</u> (such plans and trusts, the "<u>SpinCo Spinoff Non-U.S. DC Plans</u>"). Each SpinCo Spinoff Non-U.S. DC Plan has terms and features (including employer contribution provisions) that are substantially similar to one of the Non-U.S. Benefit Plans listed on <u>Schedule 3.1(b)(i)(B)</u> (such Benefit Plans, the "<u>Split Non-U.S. DC Plans</u>") such that each Split Non-U.S. DC Plan is substantially replicated by a corresponding SpinCo Spinoff Non-U.S. DC Plan. As of the Plan Split Date, SpinCo or a member of the SpinCo Group is solely responsible for taking all necessary, reasonable, and appropriate actions to maintain and administer the SpinCo Spinoff Non-U.S. DC Plans so that they comply with applicable Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Except as otherwise required by applicable Law or as set forth on <u>Schedule 3.1(b)(ii)</u>, each Split Non-U.S. DC Plan shall retain the accounts, Liabilities and related assets in such Split Non-U.S. DC Plan attributable to SpinCo Employees, Former SpinCo Employees, Parent Employees and Former Parent Employees. On or prior to the Distribution Date, with respect to each Split Non-U.S. DC Plan set forth on <u>Schedule 3.1(b)(ii)</u>, Parent or another member of the Parent Group has transferred, or will transfer, to the applicable SpinCo Spinoff Non-U.S. DC Plan, and SpinCo or another member of the SpinCo Group has caused, or will cause, such SpinCo Spinoff Non-U.S. DC Plan to accept the transfer of the accounts, Liabilities and related assets of such Split Non-U.S. DC Plan to the extent relating to, arising out of or resulting from SpinCo Employees (or any Former SpinCo Employee who was employed at the time of such transfer). Such transfers have been, or will be, in cash or in-kind (as determined by the transferor) and include outstanding loan balances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) On or as soon as reasonably practicable following the Distribution Date or Applicable Transfer Date (but not later than 30 days thereafter), SpinCo or a member of the SpinCo Group will cause the accounts, Liabilities and related assets in the corresponding SpinCo Spinoff Non-U.S. DC Plan attributable to any Parent Delayed Transferees (if any) and their respective Plan Payees (including any outstanding loan balances) to be transferred, to the extent not already transferred, in cash or in-kind to the applicable Split Non-U.S. DC Plan. Parent or another member of the Parent Group will cause the applicable Split Non-U.S. DC Plan to accept such transfer of accounts, Liabilities and assets.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) From and after the applicable Plan Split Date, except as specifically provided in paragraph (iii) above, SpinCo and the SpinCo Group will be solely and exclusively responsible for all obligations and Liabilities to the extent relating to, arising out of or resulting from the SpinCo Spinoff Non-U.S. DC Plans, whether accrued before, on or after the Distribution Date. For the avoidance of doubt, the SpinCo Spinoff Non-U.S. DC Plans will, to the extent required by Law and the terms of the applicable SpinCo Spinoff Non-U.S. DC Plans, have the sole and exclusive obligation to restore the unvested portion of any account attributable to any individual who becomes employed by a member of the SpinCo Group and whose employment with Parent or any of its Affiliates, or a member of the Parent Group or a member of the SpinCo Group, terminated on or before the Distribution at a time when such individual's benefits under the Split Non-U.S. DC Plans were not fully vested.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>Continuation of Elections</u>. As of the applicable Plan Split Date or Applicable Transfer Date, SpinCo (acting directly or through a member of the SpinCo Group) will cause the SpinCo Spinoff Non-U.S. DC Plans to recognize and maintain all elections (to the extent still applicable and reasonable and to the extent not otherwise changed by the respective plan participant), including investment and payment form elections, beneficiary designations, and the rights of alternate payees under qualified domestic relations orders with respect to SpinCo Employees, Former SpinCo Employees employed as of the applicable Plan Split Date and their respective Plan Payees under the corresponding Split Non-U.S. DC Plans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) <u>Contributions Due</u>. All amounts payable to the Split Non-U.S. DC Plans with respect to employee deferrals, matching contributions and employer contributions for any employees (including SpinCo Employees and Former SpinCo Employees employed as of the applicable Plan Split Date) relating to a time period ending on or prior to the applicable Plan Split Date, determined in accordance with the terms and provisions of the Split Non-U.S. DC Plans and applicable Law, have been or will be paid by Parent or another member of the Parent Group to the appropriate Split Non-U.S. DC Plan in accordance with its terms and prior to the earlier of (i) the date of any asset transfer described in <u>Section</u> <u>3.1(b)(ii)</u> and (ii) the Distribution Date.

Section 3.2 <u>Non-U.S. Employees</u>. Notwithstanding anything to the contrary contained in this Employee Matters Agreement, any employee who is employed by a member of the Parent Group in a non-U.S. jurisdiction immediately prior to the Distribution Date, and who is required by applicable Law to transfer, or who has accepted a transfer of employment (on the same or different terms that applied prior to the Distribution), to a member of the SpinCo Group in connection with the transactions contemplated by this Employee Matters Agreement, the Separation Agreement or the other Ancillary Agreements will transfer automatically on the Distribution Date to SpinCo or a member of the SpinCo Group in accordance with such applicable Law and will be deemed to be a Non-U.S. SpinCo Employee for purposes of this Employee Matters Agreement. Notwithstanding anything to the contrary herein, the following terms will apply to all Non-U.S. SpinCo Employees:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To the extent that (i) applicable Law of any jurisdiction, (ii) any applicable Collective Bargaining Agreement or other applicable agreement with a works council or economic committee, or (iii) any applicable employment agreement would require SpinCo or its Affiliates (including a member of the SpinCo Group) to provide any terms of employment to any Non-U.S. SpinCo Employee that are more favorable than those otherwise provided for in this Employee Matters Agreement in connection with the Distribution, then SpinCo will cause a member of the SpinCo Group to provide such Non-U.S. SpinCo Employee with such more favorable terms. Except as otherwise set forth in this Employee Matters Agreement, SpinCo will

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be responsible for Liabilities for, and will cause the SpinCo Group to provide all compensation or benefits (whether statutory, contractual or otherwise) to each Non-U.S. SpinCo Employee to the extent relating to, arising out of or resulting from the transactions contemplated by this Employee Matters Agreement, the Separation Agreement, or the other Ancillary Agreements, or the related transfer of the employee to SpinCo or a member of the SpinCo Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Parent and SpinCo agree that, to the extent provided or required under the applicable Laws of certain foreign jurisdictions and except as provided below, the Collective Bargaining Agreements as set forth on <u>Schedule 3.2(b</u>) that are applicable to the Non-U.S. SpinCo Employees in such jurisdictions will have effect after the Distribution as if originally made between a member of the SpinCo Group (or a union, works council, or trade organization of which a SpinCo Group entity is a member) and the other parties to the Collective Bargaining Agreement until the earlier of the expiration of the original term of such agreement or the date on which a new, negotiated agreement becomes effective.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Parent and SpinCo agree that, to the extent provided or required under the applicable Laws of certain foreign jurisdictions, any employment agreements between Parent or one of its Affiliates and any Non-U.S. SpinCo Employee will have effect after the Distribution (or transfer date, as applicable) as if originally made between the SpinCo Group and the other parties to such employment agreement until the earlier of the expiration of the original term of such agreement or the date on which a new, negotiated agreement becomes effective.

Section 3.3 <u>SpinCo Spinoff Non-U.S. Welfare Plans</u>. Effective as of the Distribution Date or Applicable Transfer Date, as applicable, SpinCo or a member of the SpinCo Group will provide all welfare benefits required under the applicable Laws of certain foreign jurisdictions to Non-U.S. SpinCo Employees. In accordance with the foregoing and, as necessary, effective as of the Plan Split Date, SpinCo or a member of the SpinCo Group has established and adopted certain welfare benefit plans (such plans, the "<u>SpinCo Spinoff Non-U.S. Welfare Plans</u>") which have terms and features (including benefit coverage options and employer contribution provisions) that are substantially similar to one of the Parent Benefit Plans listed on <u>Schedule 3.3(</u><u>i</u><u>)</u> (such Parent Benefit Plans, the "<u>Split Non-U.S. Welfare Plans</u>") such that (for the avoidance of doubt) each Split Non-U.S. Welfare Plan is or will be substantially replicated by a SpinCo Spinoff Non-U.S. Welfare Plan, except as otherwise provided on <u>Schedule 3.3(ii)</u>. From and after the Distribution Date or Applicable Transfer Date, as applicable, SpinCo will cause each SpinCo Spinoff Non-U.S. Welfare Plan to continue to cover those Non-U.S. SpinCo Employees, former Non-U.S. SpinCo Employees and their Plan Payees who, prior to the Distribution or Applicable Transfer Date, were participating in, or entitled to present or future benefits under the SpinCo Spinoff Non-U.S. Welfare Plans, except, to the extent applicable, as otherwise provided in the Transition Services Agreement.

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**ARTICLE IV** 

**SERVICE CREDIT** 

Section 4.1 <u>Service Credit for Employee Transfers</u>. The Benefit Plans will provide the following service crediting rules effective as of the Distribution Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) From and after the Distribution Date, in the case of all SpinCo Benefit Plans, SpinCo will, and will cause its Affiliates and successors to, provide credit under the SpinCo Benefit Plans to each SpinCo Employee (and Former SpinCo Employee, if applicable) for all service with the Parent Group prior to the Distribution Date or Plan Split Date, as applicable, for purposes of eligibility, vesting, and benefit service under the appropriate SpinCo Benefit Plans in which the SpinCo Employee (and Former SpinCo Employee, if applicable) is otherwise eligible, subject to the terms of those plans; <u>provided</u>, <u>however</u>, that service will not be recognized to the extent that such recognition would result in the duplication of benefits taking into account both Parent Benefit Plans and SpinCo Benefit Plans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A Delayed Transfer Employee's service with the SpinCo Group or the Parent Group (as applicable) following the Distribution will be recognized for purposes of eligibility, vesting and benefit service under the appropriate Parent Benefit Plans or SpinCo Benefit Plans in which they are otherwise eligible, subject to the terms of those plans; <u>provided</u>, <u>however</u>, that service will not be recognized to the extent that such recognition would result in the duplication of benefits taking into account both Parent Benefit Plans and SpinCo Benefit Plans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as provided in <u>Section</u> <u>4.1(b</u>), with respect to an employee hired by the SpinCo Group or the Parent Group after the Distribution Date, the Benefit Plans of the SpinCo Group for employees hired by the SpinCo Group or Parent Group for employees hired by the Parent Group will not recognize such employee's service with the Parent Group for employees hired by the SpinCo Group or the SpinCo Group for employees hired by the Parent Group unless required by Law.

**ARTICLE V** 

**LITIGATION AND COMPENSATION** 

Section 5.1 <u>Employee-Related Litigation</u>. Notwithstanding any provision of this Employee Matters Agreement to the contrary, Liability with respect to any Pre-Distribution Action: (i) will be a SpinCo Liability if it relates to SpinCo Employees and/or Former SpinCo Employees and (ii) will be a Parent Liability if it relates to Parent Employees and/or Former Parent Employees.

Section 5.2 <u>Vacation</u>. Except to the extent not permitted by applicable Law, the Parent Group will assume or retain, as applicable, responsibility for accrued vacation attributable to Parent Employees as of the Distribution Date or Applicable Transfer Date. Except to the extent not permitted by applicable Law, the SpinCo Group will assume or retain, as applicable, responsibility for accrued vacation attributable to SpinCo Employees as of the Distribution Date or Applicable Transfer Date.

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Section 5.3 <u>Annual Bonuses</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Parent has established separate annual incentive measures and goals for SpinCo Employees within Parent's Annual Incentive Plan (the "<u>Parent AIP</u>") for 2026. Following the Distribution, the SpinCo Group shall adopt an annual incentive plan for SpinCo Employees and approve annual incentive measures and goals that were previously approved by Parent for SpinCo Employees (the "<u>SpinCo AIP</u>"). The SpinCo Board will review the achievement of the applicable goals for the applicable performance period to determine the amount of funding to be used by the SpinCo Group to determine awards. For the sake of clarity, the Parent Group will determine the funding for, and the awards earned under, the Parent AIP for 2026 for all Parent Employees, and be responsible for and pay any such awards in accordance with the terms of the Parent AIP, and the SpinCo Group will determine the funding for, and awards earned under, the SpinCo AIP for 2026 for all SpinCo Employees, and be responsible for and pay any such awards.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Parent Group will be responsible for establishing and paying any annual bonus for its employees for performance periods commencing in 2027 or, for any Parent Delayed Transferee whose Applicable Transfer Date is in a year after 2026, the year in which the Applicable Transfer Date occurs, and the SpinCo Group will be responsible for establishing and paying any annual bonus for its employees for performance periods commencing in 2027 or, for any SpinCo Delayed Transferee whose Applicable Transfer Date is in a year after 2026, the year in which the Applicable Transfer Date occurs.

Section 5.4 <u>Employment Agreements</u>. Prior to the Distribution Date or on the Applicable Transfer Date (in respect of SpinCo Delayed Transferees), SpinCo or a member of the SpinCo Group has assumed or will assume and is or will be solely responsible for any Employment Agreement to which a SpinCo Employee or Former SpinCo Employee is a party (a "<u>SpinCo Employment Agreement</u>"), and the Parent Group will have no Liabilities with respect thereto. Notwithstanding any provision to the contrary, (i) the SpinCo Employment Agreements will be the responsibility of one or more members of the SpinCo Group following the Distribution Date or the Applicable Transfer Date (in respect of SpinCo Delayed Transferees) and (ii) except as otherwise set forth in <u>Article III</u>, Parent or the Parent Group, as applicable, will retain and be solely and exclusively responsible for all obligations and Liabilities with respect to, or in any way related to, any Employment Agreement that is not a SpinCo Employment Agreement. For the avoidance of doubt, SpinCo or the applicable member of the SpinCo Group shall be entitled to all rights and benefits under any SpinCo Employment Agreement or any plan, policy or arrangement covering any SpinCo Employee prior to the Distribution Date, including, without limitation, the right to enforce any repayment, clawback, or similar provisions related to a SpinCo Employee's employment (including with respect to amounts paid or advanced to a SpinCo Employee prior to the Distribution Date or Applicable Transfer Date, as applicable), to the same extent as Parent or any member of the Parent Group would have been entitled to enforce such rights or benefits had the Distribution not occurred.

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**ARTICLE VI** 

**CERTAIN WELFARE BENEFIT PLAN MATTERS** 

Section 6.1 <u>SpinCo Spinoff Welfare Plans</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Effective as of the Distribution Date or Applicable Transfer Date, as applicable, SpinCo or a member of the SpinCo Group will provide all welfare benefits required under the applicable Laws to U.S. SpinCo Employees. In accordance with the foregoing and, as necessary, effective as of the Plan Split Date, SpinCo or a member of the SpinCo Group has established and adopted certain welfare benefit plans (such plans, the "<u>SpinCo Spinoff Welfare Plans</u>") which have terms and features (including benefit coverage options and employer contribution provisions) that are substantially similar to one of the Parent Benefit Plans listed on <u>Schedule 6.1</u> (such Parent Benefit Plans, the "<u>Split Welfare Plans</u>") such that (for the avoidance of doubt) each Split Welfare Plan is or will be substantially replicated by a SpinCo Spinoff Welfare Plan. From and after the Distribution Date or Applicable Transfer Date, as applicable, SpinCo will cause each SpinCo Spinoff Welfare Plan to continue to cover those U.S. SpinCo Employees, Former U.S. SpinCo Employees and their Plan Payees who, prior to the Distribution or Applicable Transfer Date, were participating in, or entitled to present or future benefits under, the SpinCo Spinoff Welfare Plans, except, to the extent applicable, as otherwise provided in the Transition Services Agreement. Notwithstanding the foregoing, with respect to any severance benefits owed to any Parent Employee or Former Parent Employee as a result of a termination of employment occurring on or prior to the Distribution Date (the "<u>Retained Severance Benefits</u>"), the Parent Group and the applicable Parent Welfare Plans (including the Split Welfare Plans) will be solely responsible for all such Retained Severance Benefits. With respect to any severance benefits owed to any SpinCo Employee or Former SpinCo Employee as a result of a termination of employment occurring on or prior to the Distribution Date, the SpinCo Group and the applicable SpinCo Spinoff Welfare Plans will be solely responsible for all such severance benefits. The SpinCo Group and the SpinCo Spinoff Welfare Plans will be solely responsible for all claims incurred by SpinCo Employees and their Plan Payees under the SpinCo Spinoff Welfare Plans and Split Welfare Plans that are unpaid as of the Distribution Date or Applicable Transfer Date, as applicable (except with respect to Retained Severance Benefits or as otherwise provided in the Transition Services Agreement) ("<u>SpinCo Welfare Claims</u>"), but only to the extent such claims are not otherwise payable under an insurance policy held by the Parent Group. To the extent any SpinCo Welfare Claims are payable under an insurance policy held by the Parent Group, Parent will take all commercially reasonable actions necessary to process such claim and obtain payment under the applicable insurance policy. To the extent the Parent Group, following the Distribution Date, incurs any costs or liabilities related to any SpinCo Welfare Claims in respect of any Former SpinCo Employees, SpinCo shall reimburse the Parent Group for the amount of such expenses within 30 days of the Parent Group delivering notice to SpinCo of such incurred costs. The Parent Group and the Parent Welfare Plans will remain solely responsible for all claims incurred by Parent Employees, Former Parent Employees and their Plan Payees under the Parent Welfare Plans, whether incurred before, on, or after the Distribution Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For purposes of <u>Article VI</u>, a claim will be deemed "incurred" on the date that the event that gives rise to the claim occurs (for purposes of life insurance, severance, sickness, accident, and disability programs) or on the date that treatment or services are provided (for purposes of health care programs).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Schedule 6.1(c)</u> shall set forth certain specific treatment of SpinCo Spinoff Welfare Plans with respect to SpinCo Delayed Transferees.

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Section 6.2 <u>Workers</u><u>'</u> <u>Compensation</u>. The Parent Group will be solely responsible for all United States (including its territories) workers' compensation claims of Parent Employees and Former Parent Employees, regardless of when the Workers' Compensation Events to which such claims relate occur. The Parent Group will have sole authority for administering, making decisions with respect to, and paying all United States (including its territories) workers' compensation claims of SpinCo Employees and Former SpinCo Employees with respect to Workers' Compensation Events occurring before January 1, 2026 or, solely with respect to SpinCo Delayed Transferees, the Applicable Transfer Date ("<u>Historical SpinCo Workers' Compensation Claims</u>"), subject to the prior consent of SpinCo, which consent shall not be unreasonably withheld. The consent described in the immediately preceding sentence will be evidenced in writing with respect to any decision relating to (a) the settlement of a SpinCo Workers' Compensation Claim, (b) the designation of an "allowed condition," or (c) the administration of ongoing litigation. The SpinCo Group will have sole authority for administering, making decisions with respect to, and paying all United States (including its territories) workers' compensation claims of SpinCo Employees and Former SpinCo Employees with respect to Workers' Compensation Events occurring on or after January 1, 2026 ("<u>Current SpinCo Workers' Compensation Claims</u>" and together with Historical SpinCo Workers' Compensation Claims, "<u>SpinCo Workers' Compensation Claims</u>") and will be solely responsible for all such claims. SpinCo will, and will cause any other SpinCo Entity (and each of their respective successors and assigns) to, jointly and severally indemnify, defend and hold harmless Parent and each member of the Parent Group and each of their respective successors and assigns from and against any and all Damages incurred by Parent to the extent relating to, arising out of or resulting from a SpinCo Workers' Compensation Claim, to the extent such Damages are not payable under an insurance policy held by the Parent Group. To the extent any such Damages are payable under an insurance policy held by the Parent Group, Parent will take all commercially reasonable actions necessary to obtain payment of such Damages under the applicable insurance policy.

Section 6.3 <u>COBRA</u>. Effective as of the Distribution Date or Applicable Transfer Date, SpinCo or a member of the SpinCo Group will assume or will cause the SpinCo Spinoff Welfare Plans to assume sole responsibility for compliance with COBRA after the Distribution Date or Applicable Transfer Date for all SpinCo Employees (and Former SpinCo Employees) who experience a termination of employment on or after the applicable Plan Split Date and their "qualified beneficiaries" for whom a "qualifying event" occurs on or after the Distribution Date or the Applicable Transfer Date; <u>provided</u>, <u>however</u>, that Parent or a member of the Parent Group will be responsible for furnishing any election notice required under COBRA to any SpinCo Delayed Transferee. Parent, the Parent Group, or a Split Welfare Plan will remain solely responsible for compliance with COBRA before, on and after the Distribution Date or Applicable Transfer Date for Parent Employees and Former Parent Employees, and Former SpinCo Employees who experience a termination of employment prior to the applicable Plan Split Date, and their "qualified beneficiaries"; <u>provided</u>, <u>however</u>, that SpinCo or a member of the SpinCo Group will be responsible for furnishing any election notice required under COBRA to any Parent Delayed Transferee. The terms "qualified beneficiaries" and "qualifying event" will have the meanings given to them under Code Section 4980B and ERISA Sections 601-608. For the avoidance of doubt, <u>Section</u> <u>6.1(a</u>) will govern whether the SpinCo Spinoff Welfare Plans or Split Welfare Plans are responsible for claims incurred by SpinCo Employees and Former SpinCo Employees or their qualified beneficiaries while receiving continuation coverage under COBRA.

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**ARTICLE VII** 

**U.S. TAX-QUALIFIED DEFINED CONTRIBUTION PLANS** 

Section 7.1 <u>SpinCo Spinoff DC Plans</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Effective as of the applicable Plan Split Date, SpinCo or a member of the SpinCo Group has established and adopted a defined contribution plan that is intended to qualify under Code Section 401(a) and, as applicable, a related master trust or other trust exempt under Code Section 501(a) listed on <u>Schedule 7.1(a)(i)</u> (such plan and trust, the "<u>SpinCo Spinoff DC Plan</u>"). The SpinCo Spinoff DC Plan has terms and features (including employer contribution provisions) that are substantially similar to the Parent Benefit Plan listed on <u>Schedule 7.1(a)(ii)</u> (such Benefit Plan, the "<u>Split DC Plan</u>") such that (for the avoidance of doubt) the Split DC Plan is substantially replicated the SpinCo Spinoff DC Plan. As of the Plan Split Date, SpinCo or a member of the SpinCo Group is solely responsible for taking all necessary, reasonable, and appropriate actions (including the submission of the SpinCo Spinoff DC Plan to the Internal Revenue Service for a determination of tax-qualified status) to maintain and administer the SpinCo Spinoff DC Plan so that it is qualified under Section 401(a) of the Code and that the related trust thereunder is exempt under Section 501(a) of the Code. The SpinCo Spinoff DC Plan will assume liability for all benefits accrued or earned (whether or not vested) by SpinCo Employees and Former SpinCo Employees who were still employed on January 1, 2026, as applicable, under the Split DC Plan as of the Plan Split Date or Applicable Transfer Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On or prior to the Distribution Date, Parent or another member of the Parent Group has caused or will cause the Split DC Plan to transfer to the SpinCo Spinoff DC Plan, and SpinCo or another member of the SpinCo Group has caused or will cause the SpinCo Spinoff DC Plan to accept the transfer of, the accounts, Liabilities and related assets (including any then outstanding loan balances) in the Split DC Plan attributable to SpinCo Employees and Former SpinCo Employees who were still employed on January 1, 2026, and their respective Plan Payees. The transfer of assets has been or will be in cash or in kind (as determined by the transferor) and has included or will include outstanding loan balances, in accordance with Code Section 414(l) and Treasury Regulation Section 1.414(l)-1 and Section 208 of ERISA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) On or as soon as reasonably practicable following the Applicable Transfer Date (but not later than 30 days thereafter), SpinCo or a member of the SpinCo Group will cause the accounts and related assets in the SpinCo Spinoff DC Plan attributable to any Parent Delayed Transferees and their respective Plan Payees (including any outstanding loan balances) to be transferred, to the extent not already transferred, in cash or in-kind (as determined by the transferor) in accordance with Code Section 414(l) and Treasury Regulation Section 1.414(l)-1 and Section 208 of ERISA to the Split DC Plan. Parent or another member of the Parent Group will cause the Split DC Plan to accept such transfer of accounts and assets.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) From and after the Plan Split Date, SpinCo and the SpinCo Group will be solely and exclusively responsible for all obligations and Liabilities with respect to, or in any way related to, the SpinCo Spinoff DC Plan, whether accrued before, on or after the Plan Split Date. For the avoidance of doubt, the SpinCo Spinoff DC Plan will, to the extent required by Law and the terms of the applicable SpinCo Spinoff DC Plan, have the sole and exclusive obligation to restore the unvested portion of any account attributable to any individual who becomes employed by a member of the SpinCo Group and whose employment with Parent or any of its Affiliates, or a member of the Parent Group, terminated on or before the Plan Split Date at a time when such individual's benefits under the Split DC Plan was not fully vested.

Section 7.2 <u>Contributions Due</u>. All amounts payable to the Split DC Plan with respect to employee deferrals, matching contributions and employer contributions for SpinCo Employees and Former SpinCo Employees, if applicable, relating to a time period ending on or prior to the Plan Split Date, determined in accordance with the terms and provisions of the Split DC Plan, ERISA and the Code, have been or will be paid by Parent or another member of the Parent Group to the appropriate Split DC Plan prior to the date of any asset transfer described in <u>Section</u> <u>7.1(b</u>).

**ARTICLE VIII** 

**NONQUALIFIED RETIREMENT PLANS** 

Section 8.1 <u>SpinCo Spinoff Nonqualified Plans</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Effective as of the applicable Plan Split Date, SpinCo or a member of the SpinCo Group has established and adopted certain nonqualified retirement plans listed on <u>Schedule 8.1(a)(i)</u> (such plans, the "<u>SpinCo Spinoff Nonqualified Plans</u>"). Each SpinCo Spinoff Nonqualified Plan will have terms and features (including employer contribution provisions) that are substantially similar to one of the Parent Benefit Plans listed on <u>Schedule 8.1(a)(ii)</u> (such plans, the "<u>Split Nonqualified Plans</u>") such that (for the avoidance of doubt) each Split Nonqualified Plan is substantially replicated by a corresponding SpinCo Spinoff Nonqualified Plan. SpinCo or a member of the SpinCo Group will be solely responsible for taking all necessary, reasonable, and appropriate actions to establish, maintain and administer the SpinCo Spinoff Nonqualified Plans so that they do not result in adverse Tax consequences under Code Section 409A. Each SpinCo Spinoff Nonqualified Plan has assumed or will assume liability for all benefits accrued or earned (whether or not vested) by SpinCo Employees and Former SpinCo Employees (if any) and their respective Plan Payees under the corresponding Split Nonqualified Plan as of the Plan Split Date. From and after the Plan Split Date, SpinCo and the SpinCo Group shall be solely and exclusively responsible for all obligations and Liabilities to the extent relating to, arising out of or resulting from the SpinCo Spinoff Nonqualified Plans, whether accrued before, on or after the Plan Split Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) From and after the Plan Split Date, Parent and the Parent Group are solely and exclusively responsible for all obligations and Liabilities to the extent relating to, arising out of or resulting from the nonqualified retirement plans sponsored or maintained by a member of the Parent Group (including, but not limited to, the Split Nonqualified Plans) to the extent such obligations and Liabilities are not specifically assumed by a SpinCo Group member or the SpinCo Spinoff Nonqualified Plans pursuant to <u>Section</u> <u>8.1(a</u>).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding anything in this Employee Matters Agreement to the contrary, Parent will retain and be solely and exclusively responsible for all obligations and Liabilities to the extent relating to, arising out of or resulting from any arrangements between Parent or its Affiliates and certain service providers and former service providers of Parent (including Former SpinCo Employees) with respect to the plans set forth on <u>Schedule 8.1(c)</u>.

Section 8.2 <u>No Distributions on Separation</u>. Parent and SpinCo acknowledge that neither the Distribution nor any of the other transactions contemplated by this Employee Matters Agreement (including the split of certain plans as of the Plan Split Date), the Separation Agreement, or the other Ancillary Agreements will trigger a payment or distribution of compensation under any Benefit Plan that is a nonqualified retirement plan for any Parent Employee, SpinCo Employee, Former Parent Employee or Former SpinCo Employee and, consequently, that the payment or distribution of any compensation to which any Parent Employee, SpinCo Employee, Former Parent Employee or Former SpinCo Employee is entitled under any such Benefit Plan will occur upon such individual's separation from service from the Parent Group or the SpinCo Group, as applicable, or at such other time as specified in the applicable Benefit Plan.

Section 8.3 <u>Code Section</u> <u>409A</u>. Parent and SpinCo will cooperate in good faith so that the Distribution will not result in adverse Tax consequences under Code Section 409A to any current or former employee of any member of the Parent Group or any member of the SpinCo Group, or their respective Plan Payees, in respect of his or her benefits under any Parent Benefit Plan or SpinCo Benefit Plan.

Section 8.4 <u>Continuation of Elections</u>. As of the Plan Split Date or Applicable Transfer Date and as permitted by Code Section 409A, SpinCo (acting directly or through a member of the SpinCo Group) has caused or will cause each SpinCo Spinoff Nonqualified Plan to recognize and maintain all elections (to the extent still applicable and reasonable), including deferral, investment and payment form elections, beneficiary designations, and the rights of alternate payees under qualified domestic relations orders with respect to SpinCo Employees and their Plan Payees under the corresponding Split Nonqualified Plan.

Section 8.5 <u>Delayed Transfer Employees</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any SpinCo Delayed Transferee will be treated in the same manner as a SpinCo Employee under this <u>Article VIII</u>, except that such SpinCo Delayed Transferee may experience a separation from service from Parent (within the meaning of Code Section 409A) on his or her Applicable Transfer Date. Such a SpinCo Delayed Transferee's Applicable Transfer Date will be treated as the Distribution Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Parent Group will assume and be solely responsible, pursuant to the terms of the applicable Split Nonqualified Plan, for any benefits accrued by any Parent Delayed Transferee under any SpinCo Spinoff Nonqualified Plan, and the SpinCo Group will have no liability with respect thereto. Any Parent Delayed Transferee will be treated in the same manner as a Parent Employee under this <u>Article VIII</u>, except that such Parent Delayed Transferee may experience a separation from service from SpinCo (within the meaning of Code Section 409A) on his or her Applicable Transfer Date. Such a Parent Delayed Transferee's Applicable Transfer Date will be treated as the Distribution Date.

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**ARTICLE IX** 

**PARENT EQUITY COMPENSATION AWARDS** 

Section 9.1 <u>Outstanding Parent Equity Compensation Awards</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Parent Equity Compensation Award that is outstanding as of the Distribution Date will be adjusted as described below, so that each Parent Equity Compensation Award held by a Parent Participant will be adjusted to be an Adjusted Parent Equity Compensation Award, and each Parent Equity Compensation Award held by a SpinCo Participant will be adjusted to be a SpinCo Equity Compensation Award, unless otherwise provided in this <u>Section</u> <u>9.1(a</u>); <u>provided</u>, <u>however</u>, that, effective immediately prior to the Distribution, the Parent Compensation Committee may provide for different adjustments with respect to some or all of a holder's Parent Equity Compensation Awards. For greater certainty, any adjustments made by the Parent Compensation Committee will be deemed incorporated by reference herein as if fully set forth below and will be binding on the parties hereto and their respective Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) With respect to Parent Time-Based RSUs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Parent Time-Based RSUs held by each Parent Participant will be adjusted, effective as of the Distribution Date and immediately prior to the Distribution, pursuant to the adjustment provisions of the Parent LTIP, to be Adjusted Parent Time-Based RSUs. Subject to the adjustment provisions of the Parent LTIP, the Adjusted Parent Time-Based RSUs otherwise will be subject to substantially the same terms, vesting conditions and other restrictions, if any, that were applicable to the respective Parent Time-Based RSUs immediately prior to the Distribution Date. The number of such Adjusted Parent Time-Based RSUs for each such Parent Participant will be equal to the product (rounded up to the nearest whole unit) of (1) the number of such Parent Time-Based RSUs held by such Parent Participant immediately prior to the Distribution Date and (2) a fraction, (a) the numerator of which is the Pre-Distribution Parent Price and (b) the denominator of which is the Post-Distribution VWAP Parent Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Parent Time-Based RSUs held by each SpinCo Participant will be adjusted, effective as of the Distribution Date and immediately prior to the Distribution, pursuant to the adjustment provisions of the Parent LTIP, to be SpinCo Time-Based RSUs. Subject to the adjustment provisions of the Parent LTIP, the SpinCo Time-Based RSUs otherwise will be subject to substantially the same terms, vesting conditions and other restrictions, if any, that were applicable to the respective Parent Time-Based RSUs immediately prior to the Distribution Date. The number of such SpinCo Time-Based RSUs for each such SpinCo Participant will be equal to the product (rounded up to the nearest whole unit) of (1) the number of such Parent Time-Based RSUs held by such SpinCo Participant immediately prior to the Distribution Date and (2) a fraction, the numerator of which is the Pre-Distribution Parent Price and the denominator of which is the SpinCo VWAP Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) With respect to Parent Performance-Based RSUs:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Parent Performance-Based RSUs held by each Parent Participant will be adjusted, effective as of the Distribution Date and immediately prior to the Distribution, pursuant to the adjustment provisions of the Parent LTIP, to be Adjusted Parent Performance-Based RSUs. The target number of such Adjusted Parent Performance-Based RSUs will be equal to the product (which will be rounded up to the nearest whole unit) of (1) the target number of such Parent Performance-Based RSUs held by such Parent Participant immediately prior to the Distribution and (2) a fraction, (a) the numerator of which is the Pre-Distribution Parent Price and (b) the denominator of which is the Post-Distribution VWAP Parent Price. Subject to the adjustment provisions of the Parent LTIP, the Adjusted Parent Performance-Based RSUs otherwise will be subject to substantially the same terms, vesting conditions and other restrictions, if any, that were applicable to the respective Parent Performance-Based RSUs immediately prior to the Distribution Date. The determination of whether any portion of an Adjusted Parent Performance-Based RSU award held by a Parent Participant has been earned will be made by the Parent Compensation Committee based upon the achievement of the applicable management objectives for the applicable performance period, in each case in accordance with the principles set forth on <u>Schedule 9.1(a)(ii)(A),</u> during the first quarter of the calendar year following the calendar year in which the applicable performance period ends, subject to the terms of the Adjusted Parent Performance-Based RSU award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Parent Performance-Based RSUs held by each SpinCo Participant will be adjusted, effective as of the Distribution Date and immediately prior to the Distribution, pursuant to the adjustment provisions of the Parent LTIP, to be SpinCo Performance-Based RSUs. The target number of such SpinCo Performance-Based RSUs will be equal to the product (which will be rounded up to the nearest whole unit) of (1) the target number of such Parent Performance-Based RSUs held by such SpinCo Participant immediately prior to the Distribution and (2) a fraction, (a) the numerator of which is the Pre-Distribution Parent Price and (b) the denominator of which is the SpinCo VWAP Price. Subject to the adjustment provisions of the Parent LTIP, the SpinCo Performance-Based RSUs otherwise will be subject to substantially the same terms, vesting conditions and other restrictions, if any, that were applicable to the respective Parent Performance-Based RSUs immediately prior to the Distribution Date. The determination of whether any portion of a SpinCo Performance-Based RSU award held by a SpinCo Participant has been earned will be made by the compensation committee of the board of directors of SpinCo based upon the achievement of the applicable management objectives for the applicable performance period, in each case in accordance with the principles set forth on <u>Schedule 9.1(a)(ii)(B)</u>, during the first quarter of the calendar year following the calendar year in which the applicable performance period ends, in accordance with the terms of the SpinCo Performance-Based RSU award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Prior to the Distribution Date, SpinCo will establish equity compensation plans, including the SpinCo LTIP, so that upon the Distribution, SpinCo will have in effect an equity compensation plan that allows grants of equity compensation awards subject to substantially the same terms as those that apply to the applicable Parent Equity Compensation Awards. From and after the Distribution Date, each SpinCo Equity Compensation Award will be subject to the terms of the applicable SpinCo equity compensation plan, the award agreement and such other applicable writings governing such SpinCo Equity Compensation Award and any Employment Agreement to which the applicable holder is a party. From and after the Distribution Date, SpinCo will retain, pay, perform, fulfill and discharge all Liabilities to the extent relating to, arising out of or resulting from the SpinCo Equity Compensation Awards. Parent will retain, pay, perform, fulfill and discharge all Liabilities to the extent relating to, arising out of or resulting from the Parent Equity Compensation Awards.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In all events, the adjustments provided for in this <u>Section</u> <u>9.1</u> will be made in a manner that, as determined by Parent, avoids adverse Tax consequences to holders under Code Section 409A.

Section 9.2 <u>Conformity with Non-U.S. Laws</u>. Notwithstanding anything to the contrary in this Employee Matters Agreement, (i) to the extent any of the provisions in this <u>Article IX</u> (or any equity award described herein) do not conform with applicable non-U.S. Laws (including provisions for the collection of withholding taxes), such provisions shall be modified to the extent necessary to conform with such non-U.S. Laws in such manner as is equitable and to preserve the intent hereof, as determined by the parties in good faith, and (ii) the provisions of this <u>Article IX</u> may be modified to the extent necessary to avoid undue cost or administrative burden arising out of the application of this <u>Article IX</u> to awards subject to non-U.S. Laws.

Section 9.3 <u>Tax Withholding and Reporting</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as otherwise required by applicable non-U.S. Law, the appropriate member of the Parent Group will be responsible for all payroll taxes, withholding and reporting with respect to Parent Equity Compensation Awards held by Parent Employees, Former Parent Employees and Former SpinCo Employees. Except as otherwise required by applicable non-U.S. Law, the appropriate member of the SpinCo Group will be responsible for all payroll taxes, withholding and reporting with respect to SpinCo Equity Compensation Awards held by SpinCo Employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If Parent or SpinCo determines in its reasonable judgment that any action required under this <u>Article IX</u> will not achieve the intended tax, accounting and legal results, including, without limitation, the intended results under Code Section 409A or FASB ASC Topic 718 – Stock Compensation, then at the request of Parent or SpinCo, as applicable, Parent and SpinCo will mutually cooperate in taking such actions as are necessary or appropriate to achieve such results, or most nearly achieve such results if the originally-intended results are not fully attainable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Tax deductions with respect to Parent Equity Compensation Awards and SpinCo Equity Compensation Awards shall be allocated to the members of the Parent Group and members of the SpinCo Group in accordance with the Code, Treasury Regulations and any other applicable Tax Law, as determined in Parent's sole and absolute discretion.

Section 9.4 <u>Employment Treatment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Continuous employment with the SpinCo Group and the Parent Group following the Distribution Date will be deemed to be continuing service for purposes of vesting for the SpinCo Equity Compensation Awards and the Parent Equity Compensation Awards. However, in the event that a SpinCo Employee terminates employment after the Distribution Date and becomes employed by the Parent Group, for purposes of <u>Article IX</u>, the SpinCo Employee will be deemed terminated and the terms and conditions of the applicable performance incentive plan under which grants were made will apply. Similarly, in the event that a Parent

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Employee terminates employment after the Distribution Date and becomes employed by the SpinCo Group, for purposes of <u>Article IX</u>, the Parent Employee will be deemed terminated and the terms and conditions of the performance incentive plan under which grants were made will apply. Notwithstanding the foregoing, for purposes of this <u>Article IX</u> only, if an individual is a Delayed Transfer Employee, such individual will not be considered to have terminated on his or her Applicable Transfer Date. In addition, a non-employee member of the board of directors of Parent or SpinCo will be treated in a similar manner to that described in this <u>Section</u> <u>9.4(a</u>).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If, after the Distribution Date, Parent or SpinCo identifies an administrative error in the individuals identified as holding Parent Equity Compensation Awards and SpinCo Equity Compensation Awards, the amount of such awards so held, the vesting level of such awards, or any other similar error, Parent and SpinCo will mutually cooperate in taking such actions as are necessary or appropriate to place, as nearly as reasonably practicable, the individual and Parent and SpinCo in the position in which they would have been had the error not occurred.

Section 9.5 <u>Equity Award Administration</u>. SpinCo and Parent agree that Fidelity Brokerage Services LLC will be the administrator and recordkeeper for the SpinCo and Parent Equity Compensation Awards outstanding as of the Distribution for the life of the relevant awards, unless the parties mutually agree otherwise.

Section 9.6 <u>Registration</u>. SpinCo will register the SpinCo Stock relating to the SpinCo Equity Compensation Awards and make any necessary filings with the appropriate Governmental Authorities as required under U.S. and foreign securities Laws.

**ARTICLE X** 

**BENEFIT PLAN REIMBURSEMENTS, BENEFIT PLAN THIRD-PARTY CLAIMS** 

Section 10.1 <u>General Principles</u>. From and after the Distribution Date, any services that a member of the SpinCo Group will provide to the members of the Parent Group or that a member of the Parent Group will provide to the members of the SpinCo Group relating to any Benefit Plans, if any, will be set forth in the Transition Services Agreement (and, to the extent provided therein, a member of the SpinCo Group or the Parent Group will provide administrative services referred to in this Employee Matters Agreement). Nothing in the Transition Services Agreement is intended, or shall be construed, to conflict with this Employee Matters Agreement. In the event of any such conflict, the terms of this Employee Matters Agreement shall prevail.

Section 10.2 <u>Benefit Plan Third-Party Claims</u>. Any Third-Party Claim relating to the matters addressed in this Employee Matters Agreement shall be governed by the applicable provisions of the Separation Agreement.

**ARTICLE XI** 

**INDEMNIFICATION** 

Section 11.1 <u>Indemnification</u>. All Liabilities assumed by or allocated to SpinCo or the SpinCo Group pursuant to this Employee Matters Agreement will be deemed to be SpinCo Liabilities for purposes of Article VI of the Separation Agreement, and all Liabilities retained or assumed by or allocated to Parent or the Parent Group pursuant to this Employee Matters Agreement will be deemed to be Parent Liabilities for purposes of Article VI of the Separation Agreement. All such SpinCo Liabilities and Parent Liabilities shall be governed by the applicable indemnification terms of the Separation Agreement.

------

**ARTICLE XII** 

**COOPERATION** 

Section 12.1 <u>Cooperation</u>. Following the date of this Employee Matters Agreement, Parent and SpinCo will, and will cause their respective Subsidiaries, agents and vendors to, use commercially reasonable efforts to cooperate with respect to any employee compensation, benefits or human resources systems matters that Parent or SpinCo, as applicable, reasonably determines require the cooperation of both Parent and SpinCo in order to accomplish the objectives of this Employee Matters Agreement. Without limiting the generality of the preceding sentence, (a) Parent and SpinCo will cooperate in coordinating each of their respective payroll systems in connection with the transfers of Parent Employees to the Parent Group and the Distribution, (b) Parent will, and will cause its Subsidiaries to, transfer records to SpinCo as reasonably necessary for the proper administration of the SpinCo Benefit Plans, to the extent such records are in Parent's possession, (c) Parent and SpinCo will share, with each other and with their respective agents and vendors (without obtaining releases), all employee, participant and beneficiary information necessary for the efficient and accurate administration of the Benefit Plans, and (d) Parent and SpinCo will share such information as is necessary to administer equity awards pursuant to <u>Article IX</u>, to provide any required information to holders of such equity awards, and to make any governmental filings with respect thereto.

Section 12.2 <u>Consultation with Employee Representative Bodies</u>. Parent and SpinCo shall, and shall cause their respective Parent Group members and SpinCo Group members to, mutually cooperate in undertaking all reasonably necessary or legally required provision of information to, or consultations, discussions or negotiations with, employee representative bodies (including any unions or works councils) which represent employees affected by the transactions contemplated by this Employee Matters Agreement. Where any steps or arrangements contemplated by this Employee Matters Agreement are subject to information and/or consultation with employees and/or their representatives in accordance with local Law, no such steps or arrangements shall be deemed binding until such time as the applicable information and/or consultation process has taken place.

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**ARTICLE XIII** 

**MISCELLANEOUS** 

Section 13.1 <u>Vendor Contracts</u>. Prior to the Distribution, Parent and SpinCo will use reasonable best efforts to (a) negotiate with the current Third-Party providers to separate and assign the applicable rights and obligations under each group insurance policy, health maintenance organization, administrative services contract, Third-Party administrator agreement, letter of understanding or arrangement that pertains to one or more Parent Benefit Plans and one or more SpinCo Benefit Plans (each, a "<u>Vendor Contract</u>") to the extent that such rights or obligations pertain to SpinCo Employees and their respective Plan Payees or, in the alternative, to negotiate with the current Third-Party providers to provide substantially similar services to the SpinCo Benefit Plans on substantially similar terms under separate contracts with SpinCo or the SpinCo Benefit Plans and (b) to the extent permitted by the applicable Third-Party provider, obtain and maintain pricing discounts or other preferential terms under the Vendor Contracts.

Section 13.2 <u>Employment Taxes Withholding Reporting Responsibility</u>. SpinCo and Parent hereby agree to follow the standard procedure for United States employment Tax withholding as provided in Section 4 of Rev. Proc. 2004-53, I.R.B. 2004-34. Parent will withhold and remit all employment taxes for the last payroll date preceding the Distribution Date with respect to all current and former employees of Parent and SpinCo who receive wages on such payroll date.

Section 13.3 <u>Data Privacy</u>. The parties agree arrangements with respect to data privacy shall be set forth in the Global Data Processing Addendum, which is incorporated herein by reference.

Section 13.4 <u>Third-Party Beneficiaries</u>. Nothing contained in this Employee Matters Agreement will be construed to create any third-party beneficiary rights in any Person, including without limitation any SpinCo Employee, Parent Employee, Former Parent Employee or Former SpinCo Employee (including any dependent or beneficiary thereof) nor will this Employee Matters Agreement be deemed to amend any Benefit Plan of Parent, SpinCo, or their Affiliates or to prohibit Parent, SpinCo or their respective Affiliates from amending or terminating any Benefit Plan.

Section 13.5 <u>Effect if Distribution Does Not Occur</u>. If the Distribution does not occur, then all actions and events that are, under this Employee Matters Agreement, to be taken or occur effective as of the Distribution, or otherwise in connection with the Distribution will not be taken or occur except to the extent specifically agreed by the parties.

Section 13.6 <u>Incorporation of Separation Agreement Provisions</u>. The following provisions of the Separation Agreement are hereby incorporated herein by reference, and unless otherwise expressly specified herein, such provisions will apply as if fully set forth herein (references in this <u>Section</u> <u>13.6</u> to an "Article" or "Section" will mean Articles or Sections of the Separation Agreement, and references in the material incorporated herein by reference will be references to the Separation Agreement): Article VI (relating to Mutual Releases; Indemnification); Article VII (relating to Access of Information; Privilege; Confidentiality); Article VIII (Insurance); Article IX (relating to Further Assurances and Additional Covenants); Article X (Termination); and Article XI (relating to Miscellaneous).

------

Section 13.7 <u>No Representation or Warranty</u>. Each of Parent (on behalf of itself and each other Parent Entity) and SpinCo (on behalf of itself and each other SpinCo Entity) understands and agrees that, except as expressly set forth in this Employee Matters Agreement, the Separation Agreement or in any other Ancillary Agreement, no party (including its Affiliates) to this Employee Matters Agreement, the Separation Agreement or any other Ancillary Agreement, makes any representation or warranty with respect to any matter in this Employee Matters Agreement, including, without limitation, any representation or warranty with respect to the legal or Tax status or compliance of any Benefit Plan, compensation arrangement or Employment Agreement, and Parent disclaims any and all Liability with respect thereto. Except as expressly set forth in this Employee Matters Agreement, the Separation Agreement or any other Ancillary Agreement, none of Parent, SpinCo or any of their respective Subsidiaries (including their respective Affiliates) makes any representation or warranty about and will not have any Liability for the accuracy of or omissions from any information, documents or materials made available in connection with entering into this Employee Matters Agreement, the Separation Agreement or any other Ancillary Agreement or the transactions contemplated hereby or thereby.

------

IN WITNESS WHEREOF, the parties have caused this Employee Matters Agreement to be executed on the date first written above by their respective duly authorized officers.

---

| | |
|:---|:---|
| **APTIV PLC** | **APTIV PLC** |
| By: | /s/ Varun Laroyia |
|  | Name: Varun Laroyia |
|  | Title: Executive VP & CFO |
| **VERSIGENT LIMITED** | **VERSIGENT LIMITED** |
| By: | /s/ Timothy Seitz |
|  | Name: Timothy Seitz |
|  | Title: Director |

---

[Signature Page to Employee Matters Agreement]

## Exhibit 10.4

**Exhibit 10.4** 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS FIRST AMENDMENT TO CREDIT AGREEMENT HAS BEEN OMITTED BY MEANS OF REDACTING A PORTION OF THE TEXT AND REPLACING IT WITH [\*\*\*], PURSUANT TO REGULATION S-K ITEM 601(B) OF THE SECURITIES ACT OF 1933, AS AMENDED. CERTAIN CONFIDENTIAL INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS: (i) NOT MATERIAL AND (ii) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.

EXECUTION VERSION

FIRST AMENDMENT, dated as of March 25, 2026 (this "<u>Agreement</u>"), among VERSIGENT LIMITED (to be named VERSIGENT PLC upon consummation of the Spin-Off and f/k/a CYPRIUM HOLDINGS LIMITED), a limited company incorporated under the laws of Jersey (the "<u>Parent Guarantor</u>"), CYPRIUM SWISS HOLDINGS LIMITED, a private limited company incorporated under the laws of Jersey ("<u>Swiss Holdings</u>"), CYPRIUM US HOLDINGS, LLC, a limited liability company incorporated under the laws of Delaware ("<u>Cyprium US</u>"), CYPRIUM US SERVICES GENERAL PARTNERSHIP, a general partnership formed under the laws of Delaware (together with Swiss Holdings and Cyprium US, the "<u>Interim Parent Companies</u>"), the LENDERS party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent.

Reference is made to that certain Credit Agreement, dated as of November 26, 2025 (the "<u>Credit Agreement</u>"), among the Parent Guarantor, Cyprium Corporation, Cyprium Holdings Luxembourg S.à r.l., the Lenders and Issuing Banks from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and Domestic Collateral Agent, and Wilmington Trust, National Association, as Foreign Collateral Agent.

WHEREAS, the Parent Guarantor requested an amendment to the Credit Agreement to address certain matters relating to the Spin-Off Transactions, and the Lenders party hereto, which constitute the Required Lenders, have agreed to such amendments on the terms set forth herein.

NOW THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree as follows:

SECTION 1. <u>Capitalized Terms</u>. Capitalized terms used and not defined herein shall have such meanings ascribed thereto in the Credit Agreement. The rules of construction set forth in <u>Section 1.03</u> of the Credit Agreement shall apply to this Agreement, mutatis mutandis.

SECTION 2. <u>Amendments</u>. Effective as of the First Amendment Effective Date (as defined below):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Credit Agreement (excluding, except as set forth in <u>clause (b)</u> below, the schedules and exhibits thereto, each of which shall remain as in effect immediately prior to the First Amendment Effective Date) is hereby amended by inserting the language indicated in single or double underlined text (indicated textually in the same manner as the following examples: <u>single-underlined text</u> or <u>double-underlined text</u>) in <u>Annex I</u> hereto and by deleting the language indicated by strikethrough text textually in the same manner as the following example: stricken text) in <u>Annex I</u> hereto; and

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Exhibit A</u> to the Credit Agreement is hereby amended by inserting the language indicated in single or double underlined text (indicated textually in the same manner as the following examples: <u>single-underlined text</u> or <u>double-underlined text</u>) in <u>Exhibit A</u> hereto and by deleting the language indicated by strikethrough text (indicated textually in the same manner as the following example: stricken text) in <u>Exhibit A</u> hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Schedule 5.10</u> to the Credit Agreement shall be superseded in its entirety by <u>Schedule 5.10</u> to be delivered pursuant to <u>Section 4.02(m)</u> of the Credit Agreement on the Availability Date.

SECTION 3. <u>Certain Confirmations</u>. Each of the Interim Parent Companies acknowledges that, following the consummation of the Spin-Off Reorganization Transactions, it and its Subsidiaries will become Subsidiaries of the Parent Guarantor and that, to the extent Spin-Off Reorganization Transactions occur after the Availability Date, it is the intent of the parties to the Credit Agreement that the Interim Parent Companies and their Subsidiaries be treated, for purposes of the Credit Agreement, as Subsidiaries of the Parent Guarantor, all as set forth in <u>Section 1.05</u> of the Credit Agreement, as amended hereby. In furtherance of the foregoing, each of the Interim Parent Companies covenants and agrees that it shall, and shall cause its Subsidiaries, to comply with Articles 5 and 6 of the Credit Agreement, as amended hereby, in the same manner, and to the same extent, as if such Interim Parent Company and its Subsidiaries were Subsidiaries of the Parent Guarantor.

SECTION 4. <u>Condition to Effectiveness</u>. This Agreement shall become effective on the date (the "<u>First Amendment Effective Date</u>") on which the Administrative Agent shall have executed a counterpart of this Agreement and shall have received from the Parent Guarantor, each of the Interim Parent Companies and the Lenders constituting the Required Lenders a counterpart of this Agreement signed on behalf of such Person (which, subject to <u>Section 9.07(b)</u> of the Credit Agreement, may include any Electronic Signatures transmitted by email or other electronic means that reproduces an image of an actual executed signature page).

The Administrative Agent shall notify the Parent Guarantor and the Lenders of the occurrence of the First Amendment Effective Date, and such notice shall be conclusive and binding.

SECTION 5. <u>Effect of this Agreement</u>. (a) Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of any Agent, the Lenders or the Issuing Banks under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle the Parent Guarantor or any other Loan Party to any other consent to, or any other waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On and after the First Amendment Effective Date, each reference in the Credit Agreement to "this Agreement", "herein", "hereunder", "hereto", "hereof" and words of similar import shall, unless the context otherwise requires, refer to the Credit Agreement as amended hereby, and each reference to the Credit Agreement in any other Loan Document shall be deemed to be a reference to the Credit Agreement as amended hereby. This Agreement shall constitute a "Loan Document" for all purposes of the Credit Agreement and the other Loan Documents.

SECTION 6. <u>Applicable Law</u>. This Agreement and any claim, controversy or dispute arising under or related to this Agreement, whether in tort, contract (at law or in equity) or otherwise, shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York.

SECTION 7. <u>Incorporation by Reference</u>. The provisions of <u>Sections 9.07</u>, <u>9.08</u>, <u>9.10(b)</u>, <u>9.10(c)</u>, <u>9.10(d)</u>, <u>9.10(e)</u>, <u>9.11</u> and <u>9.12</u> of the Credit Agreement are hereby incorporated by reference as if set forth in full herein, <u>mutatis mutandis</u>.

[Remainder of page intentionally left blank.]

------

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

---

| | |
|:---|:---|
| VERSIGENT LIMITED | VERSIGENT LIMITED |
| by: | /s/ Robert S. Hoeppner |
|  | Name: Robert S. Hoeppner |
|  | Title: Authorized Signatory |
| CYPRIUM SWISS HOLDINGS LIMITED | CYPRIUM SWISS HOLDINGS LIMITED |
| by: | /s/ Darren Byrka |
|  | Name: Darren Byrka |
|  | Title: Director |
| CYPRIUM US HOLDINGS, LLC | CYPRIUM US HOLDINGS, LLC |
| by: | /s/ Rachel V. Friedenberg |
|  | Name: Rachel V. Friedenberg |
|  | Title: Assistant Secretary |
| CYPRIUM US SERVICES GENERAL PARTNERSHIP | CYPRIUM US SERVICES GENERAL PARTNERSHIP |
| by: APTIV PLC, as general partner | by: APTIV PLC, as general partner |
|  | /s/ Rachel V. Friedenberg |
|  | Name: Rachel V. Friedenberg |
|  | Title: Duly Authorized |

---

[Signature Page to the First Amendment to Credit Agreement of Versigent Limited]

------

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| | |
|:---|:---|
| by: CYPRIUM US HOLDINGS, LLC, as general partner | by: CYPRIUM US HOLDINGS, LLC, as general partner |
|  | /s/ Rachel V. Friedenberg |
|  | Name: Rachel V. Friedenberg |
|  | Title: Assistant Secretary |

---

[Signature Page to the First Amendment to Credit Agreement of Versigent Limited]

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| | |
|:---|:---|
| JPMORGAN CHASE BANK, N.A., individually and as Administrative Agent | JPMORGAN CHASE BANK, N.A., individually and as Administrative Agent |
|  | /s/ Ayesha Nabi |
|  | Name: Ayesha Nabi |
|  | Title: VP |

---

[Signature Page to the First Amendment to Credit Agreement of Versigent Limited]

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LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT

TO THE CREDIT AGREEMENT

DATED AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

BANK OF AMERICA, N.A.:

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| | |
|:---|:---|
| by: | /s/ Eric Hill |
|  | Name: Eric Hill |
|  | Title: Director |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

------

LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT

TO THE CREDIT AGREEMENT

DATED AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

Name of Institution: <br> Citibank, N.A.

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| | |
|:---|:---|
| by: | /s/ Andrew Padovano |
|  | Name: Andrew Padovano |
|  | Title: Vice President |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

------

LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT

TO THE CREDIT AGREEMENT

DATED AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

Name of Institution: <br> DEUTSCHE BANK AG NEW YORK BRANCH

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| | |
|:---|:---|
| by: | /s/ Edwin Roland |
|  | Name: Edwin Roland<br> Title: Managing Director |
| by: | /s/ Suzan Onal |
|  | Name: Suzan Onal<br> Title: Director |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

------

LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT

TO THE CREDIT AGREEMENT

DATED AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

Name of Institution: <br> Goldman Sachs Bank USA

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| | |
|:---|:---|
| by: | /s/ Dan Martis |
|  | Name: Dan Martis |
|  | Title: Auhtorized Signatory |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

------

LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT

TO THE CREDIT AGREEMENT

DATED AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

Name of Institution: <br> Goldman Sachs Lending Partners LLC

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| | |
|:---|:---|
| by: | /s/ Dan Martis |
|  | Name: Dan Martis |
|  | Title: Authorized Signatory |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

------

LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT

TO THE CREDIT AGREEMENT

DATED AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

Name of Institution: <br> BANK OF CHINA LIMITED, CHICAGO BRANCH

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| | |
|:---|:---|
| by: | /s/ Libo Sun |
|  | Name: Libo Sun |
|  | Title: SVP & Branch Manager |

---

For any Institution requiring a second signature block:

---

| | |
|:---|:---|
| by: |  |
|  | Name: |
|  | Title: |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

------

LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT

TO THE CREDIT AGREEMENT

DATED AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

Name of Institution: <br> BNP PARIBAS

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| | |
|:---|:---|
| by: | /s/ Louis Moran |
|  | Name: Louis Moran<br> Title: Director |
| by: | /s/ James McHale |
|  | Name: James McHale |
|  | Title: Managing Director |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

------

LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT

TO THE CREDIT AGREEMENT

DATED AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

Name of Institution: <br> PNC BANK, NATIONAL ASSOCIATION

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| | |
|:---|:---|
| by: | /s/ Sean D. Chambers |
|  | Name: Sean D. Chambers |
|  | Title: Senior Vice President |

---

For any Institution requiring a second signature block:

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| | |
|:---|:---|
| by: |  |
|  | Name: |
|  | Title: |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

------

LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT

TO THE CREDIT AGREEMENT

DATED AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

Name of Institution: <br> SOCIETE GENERALE

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| | |
|:---|:---|
| by: | /s/ Kimberly Metzger |
|  | Name: Kimberly Metzger |
|  | Title: Director |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

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LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT

TO THE CREDIT AGREEMENT

DATED AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

Name of Institution: <br> U.S. Bank National Association

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| | |
|:---|:---|
| by: | /s/ Nate Quist |
|  | Name: Nate Quist |
|  | Title: Vice President |

---

For any Institution requiring a second signature block:

---

| | |
|:---|:---|
| by: |  |
|  | Name: |
|  | Title: |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

------

LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT

TO THE CREDIT AGREEMENT

DATED AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

Name of Institution: <br> Santander Bank, N.A.

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| | |
|:---|:---|
| by: | /s/ L. Daniel Menendez |
|  | Name: L. Daniel Menendez |
|  | Title: Senior Vice President |

---

For any Institution requiring a second signature block

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| | |
|:---|:---|
| by: |  |
|  | Name: |
|  | Title: |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

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LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT

TO THE CREDIT AGREEMENT

DATED AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

Name of Institution: <br> Standard Chartered Bank

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| | |
|:---|:---|
| by: | /s/ Ben Wynne-Davies |
|  | Name: Ben Wynne-Davies |
|  | Title: Managing Director |

---

For any Institution requiring a second signature block:

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| | |
|:---|:---|
| by: |  |
|  | Name: |
|  | Title: |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

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Name of Institution: <br> The Bank of Nova Scotia

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| | |
|:---|:---|
| by: | /s/ Melissa Ruha |
|  | Name: Melissa Ruha |
|  | Title: Managing Director |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

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LENDER SIGNATURE PAGE TO

THE FIRST AMENDMENT TO THE

CREDIT AGREEMENT DATED

AS OF NOVEMBER 26, 2025, OF

VERSIGENT LIMITED

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| | |
|:---|:---|
| UNICREDIT BANK GMBH, NEW YORK BRANCH | UNICREDIT BANK GMBH, NEW YORK BRANCH |
| by: | /s/ Michele Cioffi |
|  | Michele Cioffi |
|  | Director |
| by: | /s/ Thomas Petz |
|  | Thomas Petz |
|  | Managing Director |

---

[Signature Page to the First Amendment to the Credit Agreement of Versigent Limited]

------

<u>ANNEX I</u> 

<u>Amended Credit Agreement</u> 

(see attached)

------

EXECUTION VERSION**<u>ANNEX I</u>** 

CREDIT AGREEMENT

dated as of November 26, 2025,

among

**<u>VERSIGENT LIMITED</u>** 

**<u>(to be renamed VERSIGENT PLC upon the consummation of the Spin-Off),</u>** 

<u>as the Parent Guarantor,</u>

CYPRIUM CORPORATION and CYPRIUM HOLDINGS LUXEMBOURG S.À R.L.,

as Borrowers,

CYPRIUM HOLDINGS LIMITED,

as the Parent Guarantor,

THE FINANCIAL INSTITUTIONS PARTY HERETO,

as Lenders and Issuing Banks,

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent,

JPMORGAN CHASE BANK, N.A.,

as Domestic Collateral Agent,

**<u>and</u>** 

WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Foreign Collateral Agent

JPMORGAN CHASE BANK, N.A., BOFA SECURITIES, INC., CITIBANK, N.A.,

DEUTSCHE BANK SECURITIES INC. and GOLDMAN SACHS BANK USA,

as Joint Lead Arrangers and Joint Bookrunners,

BOFA SECURITIES, INC., CITIBANK, N.A.,

DEUTSCHE BANK SECURITIES INC. and GOLDMAN SACHS BANK USA,

as Syndication Agents

BNP PARIBAS, BANK OF CHINA, PNC CAPITAL MARKETS, SOCIÉTÉ GÉNÉRALE and

U.S. BANK NATIONAL ASSOCIATION,

as Documentation Agents

------

**TABLE OF CONTENTS** 

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| | | |
|:---|:---|:---|
|  |  | PAGE |
| ARTICLE 1<br> DEFINITIONS | ARTICLE 1<br> DEFINITIONS | ARTICLE 1<br> DEFINITIONS |
|  SECTION 1.01. | Defined Terms | 1**<u>2</u>** |
|  SECTION 1.02. | Classification of Loans and Borrowings | 80**<u>86</u>** |
|  SECTION 1.03. | Terms Generally | 80**<u>86</u>** |
|  SECTION 1.04. | Accounting Terms; GAAP; Pro Forma Basis; Calculations | 83**<u>90</u>** |
|  SECTION 1.05. | Representations and Warranties<u>**Spin-Off Transactions**</u> | 87<u>**95**</u> |
|  SECTION 1.06. | Timing of Payment and Performance | 88**<u>95</u>** |
|  SECTION 1.07. | Times of Day | 88**<u>95</u>** |
|  SECTION 1.08. | Currency Equivalents Generally | 88**<u>95</u>** |
|  SECTION 1.09. | Cashless Rollovers | 89**<u>97</u>** |
|  SECTION 1.10. | Additional Alternative Currencies | 89**<u>97</u>** |
|  SECTION 1.11. | Agreed Security Principles | 90**<u>98</u>** |
|  SECTION 1.12. | Additional Borrowers; Administrative Borrower as Representative | 90**<u>98</u>** |
|  SECTION 1.13. | Foreign Collateral Agent | 91**<u>99</u>** |
|  SECTION 1.14. | Interest Rates; Benchmark Notification | 92**<u>100</u>** |
|  SECTION 1.15. | Divisions | 92**<u>100</u>** |
|  SECTION 1.16. | Blocking Regulation | 93**<u>100</u>** |
| ARTICLE 2<br> THE CREDITS | ARTICLE 2<br> THE CREDITS | ARTICLE 2<br> THE CREDITS |
|  SECTION 2.01. | Commitments | 93**<u>101</u>** |
|  SECTION 2.02. | Loans and Borrowings | 93**<u>101</u>** |
|  SECTION 2.03. | Requests for Borrowings | 95**<u>102</u>** |
|  SECTION 2.04. | [Reserved] | 96**<u>103</u>** |
|  SECTION 2.05. | Letters of Credit | 96**<u>103</u>** |
|  SECTION 2.06. | [Reserved] | 102**<u>110</u>** |
|  SECTION 2.07. | Funding of Borrowings | 102**<u>110</u>** |
|  SECTION 2.08. | Type; Interest Elections | 103**<u>111</u>** |
|  SECTION 2.09. | Termination and Reduction of Commitments | 104**<u>112</u>** |
|  SECTION 2.10. | Repayment of Loans; Evidence of Debt | 105**<u>113</u>** |
|  SECTION 2.11. | Prepayment of Loans | 107**<u>115</u>** |
|  SECTION 2.12. | Fees | 113**<u>122</u>** |
|  SECTION 2.13. | Interest | 114**<u>123</u>** |
|  SECTION 2.14. | Alternate Rate of Interest | 115**<u>124</u>** |
|  SECTION 2.15. | Increased Costs | 119**<u>128</u>** |
|  SECTION 2.16. | Break Funding Payments | 120**<u>129</u>** |
|  SECTION 2.17. | Taxes | 121**<u>130</u>** |
|  SECTION 2.18. | Payments Generally; Allocation of Proceeds; Sharing of Payments | 126**<u>135</u>** |
|  SECTION 2.19. | Mitigation Obligations; Replacement of Lenders | 127**<u>137</u>** |
|  SECTION 2.20. | Illegality | 128**<u>138</u>** |
|  SECTION 2.21. | Defaulting Lenders | 129<u>**139**</u> |
|  SECTION 2.22. | Incremental Credit Extensions | 132**<u>141</u>** |
|  SECTION 2.23. | Extensions of Loans and Revolving Credit Commitments | 136**<u>145</u>** |

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i

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| | | |
|:---|:---|:---|
|  ARTICLE 3<br> REPRESENTATIONS AND WARRANTIES | ARTICLE 3<br> REPRESENTATIONS AND WARRANTIES | ARTICLE 3<br> REPRESENTATIONS AND WARRANTIES |
|  SECTION 3.01. | Organization; Powers | 139**<u>149</u>** |
|  SECTION 3.02. | Authorization; Enforceability | 139**<u>149</u>** |
|  SECTION 3.03. | Governmental Approvals; No Conflicts | 139**<u>149</u>** |
|  SECTION 3.04. | Financial Statements; No Material Adverse Change | 139**<u>149</u>** |
|  SECTION 3.05. | Properties | 139**<u>150</u>** |
|  SECTION 3.06. | Litigation and Environmental Matters | 140**<u>150</u>** |
|  SECTION 3.07. | Compliance with Laws | 140**<u>150</u>** |
|  SECTION 3.08. | Investment Company Status | 140**<u>150</u>** |
|  SECTION 3.09. | Taxes | 140**<u>150</u>** |
|  SECTION 3.10. | Solvency | 141**<u>151</u>** |
|  SECTION 3.11. | Disclosure | 141**<u>151</u>** |
|  SECTION 3.12. | Federal Reserve Regulations | 141**<u>151</u>** |
|  SECTION 3.13. | Anti-Corruption Laws; Sanctions | 141**<u>151</u>** |
|  SECTION 3.14. | ERISA | 141**<u>151</u>** |
|  SECTION 3.15. | Capitalization and Subsidiaries | 141**<u>152</u>** |
|  SECTION 3.16. | Security Interest in Collateral | 142<u>**152**</u> |
|  SECTION 3.17. | Affected Financial Institutions | 142**<u>153</u>** |
|  SECTION 3.18. | Centre of Main Interest | 142**<u>153</u>** |
|  ARTICLE 4<br> CONDITIONS | ARTICLE 4<br> CONDITIONS | ARTICLE 4<br> CONDITIONS |
|  SECTION 4.01. | Conditions Precedent to Effectiveness | 142**<u>153</u>** |
|  SECTION 4.02. | Conditions Precedent to Availability | 143**<u>154</u>** |
|  SECTION 4.03. | Each Credit Extension | 146**<u>157</u>** |
|  ARTICLE 5<br> AFFIRMATIVE COVENANTS | ARTICLE 5<br> AFFIRMATIVE COVENANTS | ARTICLE 5<br> AFFIRMATIVE COVENANTS |
|  SECTION 5.01. | Financial Statements and Other Information | 147**<u>158</u>** |
|  SECTION 5.02. | Notices of Material Events | 149**<u>160</u>** |
|  SECTION 5.03. | Existence; Conduct of Business | 149**<u>160</u>** |
|  SECTION 5.04. | Payment of Taxes | 149**<u>160</u>** |
|  SECTION 5.05. | Maintenance of Properties; Insurance | 149**<u>160</u>** |
|  SECTION 5.06. | Inspection Rights | 150**<u>161</u>** |
|  SECTION 5.07. | Books and Records | 150**<u>162</u>** |
|  SECTION 5.08. | Compliance with Laws | 150**<u>162</u>** |
|  SECTION 5.09. | Use of Proceeds and Letters of Credit | 151**<u>162</u>** |
|  SECTION 5.10. | Unrestricted Subsidiaries | 151**<u>162</u>** |
|  SECTION 5.11. | Information Regarding Collateral | 152**<u>163</u>** |
|  SECTION 5.12. | Covenant to Guarantee Loan Document Obligations and Give Security | 152**<u>163</u>** |
|  SECTION 5.13. | Further Assurances | 154**<u>165</u>** |
|  SECTION 5.14. | Conduct of Business | 154**<u>166</u>** |
|  SECTION 5.15. | Post-Closing Actions | 154**<u>166</u>** |
|  **<u>SECTION</u><u> </u><u>5.16.</u>** | **<u>Excluded</u> <u>Cash</u> <u>Pooling</u> <u>Accounts</u>** | <u>**166**</u> |
| ARTICLE 6<br> NEGATIVE COVENANTS | ARTICLE 6<br> NEGATIVE COVENANTS | ARTICLE 6<br> NEGATIVE COVENANTS |
|  SECTION 6.01. | Indebtedness | 154**<u>166</u>** |

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ii

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---

| | | |
|:---|:---|:---|
|  SECTION 6.02. | Liens | 159**<u>171</u>** |
|  SECTION 6.03. | No Further Negative Pledges | 162**<u>175</u>** |
|  SECTION 6.04. | Restricted Payments; Restricted Debt Payments | 164**<u>177</u>** |
|  SECTION 6.05. | Investments | 167**<u>180</u>** |
|  SECTION 6.06. | Fundamental Changes; Disposition of Assets | 171**<u>184</u>** |
|  SECTION 6.07. | Sale and Lease-Back Transactions | 175**<u>189</u>** |
|  SECTION 6.08. | Transactions with Affiliates | 176**<u>189</u>** |
|  SECTION 6.09. | Amendments of or Waivers with Respect to Restricted Debt | 177**<u>191</u>** |
|  SECTION 6.10. | Financial Covenants | 177**<u>191</u>** |
|  SECTION 6.11. | No Flow-back to Switzerland | 178**<u>192</u>** |
|  ARTICLE 7<br> EVENTS OF DEFAULT | ARTICLE 7<br> EVENTS OF DEFAULT | ARTICLE 7<br> EVENTS OF DEFAULT |
|  SECTION 7.01. | Events of Default | 178**<u>192</u>** |
| ARTICLE 8<br> THE AGENTS | ARTICLE 8<br> THE AGENTS | ARTICLE 8<br> THE AGENTS |
|  SECTION 8.01. | Appointment and Authorization | 182**<u>196</u>** |
|  SECTION 8.02. | The Agents Individually | 184**<u>198</u>** |
|  SECTION 8.03. | Limitation of Liability | 184**<u>199</u>** |
|  SECTION 8.04. | Concerning the Foreign Collateral Agent | 187**<u>201</u>** |
|  SECTION 8.05. | Enforcement; Credit Bidding | 191**<u>206</u>** |
|  SECTION 8.06. | Bankruptcy | 194**<u>208</u>** |
|  SECTION 8.07. | Reliance | 194**<u>209</u>** |
|  SECTION 8.08. | Delegation | 195**<u>210</u>** |
|  SECTION 8.09. | Resignation | 195**<u>210</u>** |
|  SECTION 8.10. | Relationship with the other Secured Parties | 196**<u>211</u>** |
|  SECTION 8.11. | Additional Collateral Agents | 196**<u>211</u>** |
|  SECTION 8.12. | Release of Loan Guarantees and Collateral | 197**<u>212</u>** |
|  SECTION 8.13. | Intercreditor Agreements | 198**<u>213</u>** |
|  SECTION 8.14. | Acknowledgement of Lenders and Issuing Banks | 199**<u>214</u>** |
|  SECTION 8.15. | Certain ERISA Matters | 201**<u>216</u>** |
|  SECTION 8.16. | Posting of Communications | 202**<u>217</u>** |
|  SECTION 8.17. | Arrangers | 203**<u>218</u>** |
|  SECTION 8.18. | Miscellaneous | 203**<u>218</u>** |
| ARTICLE 9<br> MISCELLANEOUS | ARTICLE 9<br> MISCELLANEOUS | ARTICLE 9<br> MISCELLANEOUS |
|  SECTION 9.01. | Notices | 203**<u>219</u>** |
|  SECTION 9.02. | Waivers; Amendments | 205**<u>220</u>** |
|  SECTION 9.03. | Expenses; Indemnity | 214**<u>230</u>** |
|  SECTION 9.04. | Limitation of Liability | 216**<u>232</u>** |
|  SECTION 9.05. | Successors and Assigns | 217**<u>233</u>** |
|  SECTION 9.06. | Survival | 224**<u>240</u>** |
|  SECTION 9.07. | Counterparts; Integration; Effectiveness; Electronic Execution | 224**<u>241</u>** |
|  SECTION 9.08. | Severability | 225**<u>242</u>** |
|  SECTION 9.09. | Right of Setoff | 225**<u>242</u>** |
|  SECTION 9.10. | Governing Law; Jurisdiction; Consent to Service of Process | 226**<u>242</u>** |
|  SECTION 9.11. | Waiver of Jury Trial | 227**<u>244</u>** |
|  SECTION 9.12. | Headings | 227**<u>244</u>** |

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iii

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| | | |
|:---|:---|:---|
|  SECTION 9.13. | Confidentiality | 227**<u>244</u>** |
|  SECTION 9.14. | No Fiduciary Duty | 229**<u>246</u>** |
|  SECTION 9.15. | Several Obligations | 229**<u>246</u>** |
|  SECTION 9.16. | USA PATRIOT Act | 229**<u>246</u>** |
|  SECTION 9.17. | Disclosure | 230**<u>246</u>** |
|  SECTION 9.18. | Appointment for Perfection | 230**<u>246</u>** |
|  SECTION 9.19. | Interest Rate Limitation | 230**<u>247</u>** |
|  SECTION 9.20. | Judgment Currency | 230**<u>247</u>** |
|  SECTION 9.21. | Conflicts | 231**<u>247</u>** |
|  SECTION 9.22. | Release of Subsidiary Guarantors | 231**<u>248</u>** |
|  SECTION 9.23. | Acknowledgement and Consent to Bail-In of Affected Financial Institutions | 231**<u>248</u>** |
|  SECTION 9.24. | Acknowledgement Regarding Any Supported QFCs | 232**<u>249</u>** |
|  SECTION 9.25. | Fall-Away Event | 233**<u>250</u>** |

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SCHEDULES:

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| | |
|:---|:---|
|  Schedule 2.01 | Commitments |
|  Schedule 2.05 | Issuing Banks; Letter of Credit Commitments |
|  Schedule 3.15**<u>(a)</u>** | Subsidiaries**<u>Availability Date Organizational Structure</u>** |
|  <u>Schedule 3.15(b)</u> | <u>Spin-Off Effective Date Organizational Structure</u> |
|  Schedule 5.10 | Unrestricted Subsidiaries |
|  Schedule 5.15 | Post-Closing Actions |
|  Schedule 6.01 | Existing Indebtedness |
|  Schedule 6.02 | Existing Liens |
|  Schedule 6.03 | Existing Negative Pledges |
|  Schedule 6.08 | Affiliate Transactions |
|  EXHIBITS: |  |
|  Exhibit A | Agreed Security Principles |
|  Exhibit B | Form of Assignment and Assumption |
|  Exhibit C | Form of Compliance Certificate |
|  Exhibit D | Form of Guarantee Agreement |
|  Exhibit E | Form of Intercompany Note |
|  Exhibit F | Form of Junior Lien Intercreditor Agreement |
|  Exhibit G | Form of Pari Passu Intercreditor Agreement |
|  Exhibit H | Form of Promissory Note |
|  Exhibit I | Form of U.S. Security Agreement |
|  Exhibit J-1 | Form of U.S. Trademark Security Agreement |
|  Exhibit J-2 | Form of U.S. Patent Security Agreement |
|  Exhibit J-3 | Form of U.S. Copyright Security Agreement |
|  Exhibit K-1–K-4 | Forms of U.S. Tax Compliance Certificates |
|  Exhibit L | Form of Solvency Certificate |
|  **<u>Exhibit M</u>** | **<u>Form of Perfection Certificate Supplement</u>** |

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iv

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CREDIT AGREEMENT

CREDIT AGREEMENT, dated as of November 26, 2025 (this "**Agreement**"), by and among <u>**VERSIGENT LIMITED (to be renamed VERSIGENT PLC upon consummation of the Spin-Off, and f/k/a**</u> CYPRIUM HOLDINGS LIMITED**<u>)</u>**, a limited company incorporated under the laws of Jersey with registration number 159788 (the "**Parent Guarantor**"), CYPRIUM CORPORATION, a Delaware corporation ("**Cyprium US**" or the "**Administrative Borrower**"), CYPRIUM HOLDINGS LUXEMBOURG S.À R.L. (formerly known as Aptiv Latin America Holdings (Lux) S.à r.l), a Luxembourg private limited liability company (*société à responsabilité limitée*) under the laws of the Grand Duchy of Luxembourg, having its registered office at 12C, rue Guillaume J. Kroll, L- 1882 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies (*Registre du Commerce et des Sociétés, Luxembourg*) under number B148278 ("**Cyprium Luxembourg**"), the LENDERS and ISSUING BANKS from time to time party hereto, JPMORGAN CHASE BANK, N.A., in its capacity as Administrative Agent, JPMORGAN CHASE BANK, N.A., in its capacity as Domestic Collateral Agent, and WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as Foreign Collateral Agent.

RECITALS

Aptiv PLC, a limited company incorporated under the laws of Jersey with registration number 156354 ("**Aptiv**"), intends to consummate the previously announced spin-off of its Electrical Distribution Systems business<u>**the EDS Business**</u> into an independent publicly traded company, the Parent Guarantor (the "**Spin-Off**"). The Spin-Off is intended to<u>**, which will**</u> be accomplished by a pro rata distribution to the shareholders of Aptiv of the outstanding ordinary shares of the Parent Guarantor, which, directly or indirectly through its Subsidiaries, will hold the business, activities and operations comprising the Electrical Distribution Systems business of Aptiv and its Subsidiaries<u>**EDS Business (the "Spin-Off")**</u>, as described more fully in the Form 10.

In connection with the Spin-Off (a) the Parent Guarantor <u>**and/or the EDS Subsidiaries**</u> will make a distribution<u>**one or more cash dividends or other distributions**</u> to Aptiv in cash<u>**(the "Spin-Off Related Distributions")**</u> in an aggregate amount not to exceed US$1,550,000,000 (the "**Pre-Spin Dividend**")<u>**that, in the good faith determination of the Parent Guarantor, shall not exceed the Spin-Off Distribution Amount**</u> and (b) Aptiv, the Parent Guarantor and/or their respective Subsidiaries will enter into a separation and distribution agreement, tax matters agreement, transaction services agreement, employee matters agreement and intellectual property cross license agreement (such agreements, together with any other agreements among Aptiv, the Parent Guarantor and their respective Subsidiaries entered into in connection with the Spin-Off and required to be filed as an exhibit to the Form 10, being collectively referred to as the "**Spin-Off Agreements**").

The Term Loan Borrowers have requested that the Lenders make available to the Term Loan Borrowers term loans in an aggregate principal amount of US$500,000,000, the proceeds of which shall be used by the Term Loan Borrowers to (a) finance the Pre-Spin Dividend<u>**Spin-Off Related Distributions**</u> and (b) to the extent of any remaining proceeds thereof, for general corporate purposes of the Parent Guarantor and its Restricted Subsidiaries.

The Revolving Credit Borrowers have requested that the Lenders make available to the Revolving Credit Borrowers a revolving credit facility with aggregate Commitments in an amount equal to US$850,000,000, the proceeds of which shall be used by the Revolving Credit Borrowers for the purposes permitted under, and otherwise in accordance with and subject to the terms of, this Agreement.

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Accordingly, the parties hereto agree as follows:

ARTICLE 1

DEFINITIONS

SECTION 1.01. <u>Defined Terms</u>. As used in this Agreement, the following terms have the meanings specified below:

"**ABR**", when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear interest at a rate determined by reference to the Alternate Base Rate.

"**Acceptable Intercreditor Agreement**" means (a) with respect to any Indebtedness that is secured by a Lien on the Collateral that is to be *pari passu* (but without regard to the control of remedies) with the Lien on the Collateral securing the Credit Facilities, a Pari Passu Intercreditor Agreement, (b) with respect to any Indebtedness that is secured by a Lien on the Collateral that is to be junior to the Lien on the Collateral securing the Credit Facilities, a Junior Lien Intercreditor Agreement, and/or (c) with respect to any Indebtedness, an intercreditor agreement that is reasonably satisfactory to the Administrative Agent, each of the Collateral Agents (solely with respect to terms thereof affecting its rights or duties in its capacity as such) and the Parent Guarantor (which may, if applicable, consist of a payment "waterfall").

"**Additional Borrower**" has the meaning assigned to such term in <u>Section 1.12(a)</u>.

"**Additional Commitment**" means any commitment hereunder added pursuant to <u>Sections 2.22</u>, <u>2.23</u> or <u>9.02(c)</u>.

"**Additional Lender**" has the meaning assigned to such term in <u>Section 2.22(b)</u>.

"**Additional Loans**" means any Additional Revolving Loans and any Additional Term Loans.

"**Additional Revolving Credit Commitment**" means any revolving credit commitment added pursuant to <u>Sections 2.22</u>, <u>2.23</u> or <u>9.02(c)(ii)</u>.

"**Additional Revolving Credit Exposure**" means, with respect to any Lender at any time, (a) the aggregate Outstanding Amount at such time of all Additional Revolving Loans of such Lender, <u>plus</u> (b) the amount at such time of such Lender's LC Exposure attributable to its Additional Revolving Credit Commitment.

"**Additional Revolving Facility**" means any revolving credit facility added pursuant to <u>Sections 2.22</u>, <u>2.23</u> or <u>9.02(c)(ii)</u>.

"**Additional Revolving Lender**" means any Lender with an Additional Revolving Credit Commitment or any Additional Revolving Credit Exposure.

"**Additional Revolving Loans**" means any revolving loan added pursuant to <u>Sections 2.22</u>, <u>2.23</u> or <u>9.02(c)(ii)</u>.

"**Additional Term Loan Commitment**" means any term loan commitment added pursuant to <u>Sections 2.22</u>, <u>2.23</u> or <u>9.02(c)(i)</u>.

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"**Additional Term Loans**" means any term loan added pursuant to <u>Sections 2.22</u>, <u>2.23</u> or <u>9.02(c)(i)</u>.

"**Adjusted Daily Simple CORRA**" means an interest rate per annum equal to (a) the Daily Simple CORRA plus (b) 0.29547% per annum; <u>provided</u> that if the Adjusted Daily Simple CORRA as so determined would be less than 0.00%, such rate shall be deemed to be equal to 0.00% for the purposes of this Agreement.

"**Adjusted EURIBOR**" means, with respect to any Term Benchmark Borrowing denominated in Euros for any Interest Period, an interest rate per annum equal to (a) the EURIBOR Screen Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; <u>provided</u> that if the Adjusted EURIBOR as so determined would be less than 0.00%, such rate shall be deemed to be equal to 0.00%.

"**Adjusted Term CORRA**" means, with respect to any Term Benchmark Borrowing denominated in Canadian Dollars for any Interest Period, an interest rate per annum equal to (a) the Term CORRA for such Interest Period plus (b) (i) 0.29547% per annum, in the case of an Interest Period of one month or (ii) 0.32138% per annum, in the case of an Interest Period of three months; <u>provided</u> that if the Adjusted Term CORRA as so determined would be less than 0.00%, such rate shall be deemed to be equal to 0.00%.

"**Adjusted TIIE Rate**" means, with respect to any Term Benchmark Borrowing denominated in Mexican Pesos for any Interest Period, an interest rate per annum equal to the product of (a) the TIIE Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; <u>provided</u> that if the Adjusted TIIE Rate as so determined would be less than 0.00%, such rate shall be deemed to be equal to 0.00% for the purposes of this Agreement.

"**Adjustment Date**" means the date that is three Business Days following the date both of the following has been delivered: (a) the financial statements required to be delivered pursuant to <u>Section 5.01(a)</u> or <u>5.01(b)</u>, as applicable, and (b) the corresponding Compliance Certificate required to be delivered pursuant to <u>Section 5.01(c)</u>.

"**Administrative Agent**" means JPMorgan, in its capacity as administrative agent hereunder and under the other Loan Documents, or any successor thereto appointed in accordance with <u>Article 8</u>. Unless the context requires otherwise, the term "Administrative Agent" shall include (a) any branch or Affiliate of JPMorgan (including J.P. Morgan SE and J.P. Morgan AG) that it shall have designated for the purpose of performing any of its obligations hereunder or under the other Loan Documents in such capacity and (b) the Person serving as the Administrative Agent acting in its capacity as the Domestic Collateral Agent.

"**Administrative Borrower**" has the meaning assigned to such term in the preamble to this Agreement.

"**Administrative Questionnaire**" means an Administrative Questionnaire in a form supplied by the Administrative Agent to any Borrower (or to the Parent Guarantor) or any Lender, as the context requires.

"**Affected Financial Institution**" means (a) any EEA Financial Institution or (b) any UK Financial Institution.

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"**Affiliate**" means, as applied to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control with, that Person.

"**Agents**" means each of the Administrative Agent, the Domestic Collateral Agent, the Foreign Collateral Agent, any Common Collateral Agent and any other Person appointed under the Loan Documents to serve in an agent or in a similar capacity.

"**Aggregate Initial Revolving Credit Commitments**" means, at any time, the sum of all the Initial Revolving Credit Commitments of all the Lenders at such time.

"**Aggregate Initial Revolving Credit Exposures**" means, at any time, the sum of all the Initial Revolving Credit Exposures of all the Lenders at such time.

"**Agreed Currencies**" means U.S. Dollars and the Alternative Currencies.

"**Agreed Security Principles**" means the principles set forth in <u>Exhibit A</u>.

"**Agreement**" has the meaning assigned to such term in the preamble hereto.

"**Alternate Base Rate**" means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the NYFRB Rate in effect on such day plus <sup>1</sup>⁄<sub>2</sub> of 1% and (c) the Term SOFR for a one month Interest Period as published two U.S. Government Securities Business Days prior to such day (or if such day is not a U.S. Government Securities Business Day, the immediately preceding U.S. Government Securities Business Day) plus 1%. For the purpose of <u>clause (c)</u> above, the Term SOFR for any day shall be based on the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, on such day (or any amended publication time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology). Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Term SOFR shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Term SOFR, respectively. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to <u>Section 2.14</u> (for the avoidance of doubt, only until the Benchmark Replacement with respect to Term SOFR has been determined pursuant to <u>Section 2.14(b)</u>), then the Alternate Base Rate shall be the greater of <u>clauses (a)</u> and <u>(b)</u> above and shall be determined without reference to <u>clause (c)</u> above. Notwithstanding the foregoing, if the Alternate Base Rate as determined pursuant to the foregoing would be less than 1.00% per annum, such rate shall be deemed to be 1.00% per annum for purposes of this Agreement.

"**Alternative Currency**" means, in the case of Revolving Loans and Letters of Credit, Sterling, Euros, Canadian Dollars, Mexican Pesos and each other currency that is approved in accordance with <u>Section 1.10</u>.

"**Alternative LC Currency**" means any Alternative Currency and any other currency (other than U.S. Dollars) for which a U.S. Dollar Equivalent may be obtained; <u>provided</u> that at the time of the issuance of any Letter of Credit denominated in an Alternative LC Currency (other than an Alternative Currency), such other currency is acceptable to the Issuing Bank that is the issuer of such Letter of Credit.

"**Alternative LC Currency Overnight Rate**" means, for any day, (a) with respect to any amount denominated in Sterling, the Daily Simple SONIA, (b) with respect to any amount denominated in Canadian Dollars, the Canadian Prime Rate and (c) with respect to any amount denominated in any currency other than Sterling and Canadian Dollars (or denominated in Sterling or Canadian Dollars if the rate referred to in <u>clause (a)</u> or <u>(b)</u> above, respectively, is not available), a rate per annum at which overnight deposits in such currency would be offered on such day in the London or, if applicable, other offshore interbank market, as such rate is determined by the Administrative Agent by such means as the Administrative Agent shall determine to be reasonable.

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"**Ancillary Document**" has the meaning set forth in <u>Section 9.07(b)</u>.

"**Anti-Corruption Laws**" means all laws, rules, and regulations of any jurisdiction applicable to the Parent Guarantor, the Borrowers or any of their respective Restricted Subsidiaries from time to time concerning or relating to bribery or corruption.

"**Applicable Charges**" has the meaning assigned to such term in <u>Section 9.19</u>.

"**Applicable Percentage**" means, at any time, (a) with respect to any Term Lender of any Class, (i) when used in reference to payments and other matters relating to the Term Loans of such Class, a percentage equal to a fraction the numerator of which is the aggregate Outstanding Amount of the Term Loans of such Class of such Term Lender at such time and the denominator of which is the aggregate Outstanding Amount of the Term Loans of all Term Lenders of such Class at such time and (ii) when used in reference to matters relating to the Term Loan Commitments of such Class, a percentage equal to a fraction the numerator of which is the aggregate amount of the Term Loan Commitments of such Term Lender of such Class at such time and the denominator of which is the aggregate amount of the Term Loan Commitments of all Term Lenders of such Class at such time and (b) with respect to any Revolving Lender of any Class, the percentage of the aggregate amount of the Revolving Credit Commitments of such Class at such time represented by such Lender's Revolving Credit Commitment of such Class at such time. In the case of <u>clause (b)</u> above, in the event that the Revolving Credit Commitments of any Class have expired or been terminated, the Applicable Percentage of any Revolving Lender of such Class shall be determined on the basis of the Revolving Credit Exposure of such Revolving Lender attributable to its Revolving Credit Commitment of such Class, giving effect to any assignment thereof.

"**Applicable Rate**" means, on any date, (a) (i) with respect to any Initial Term Loan or any Initial Revolving Loan, the applicable rate per annum set forth below under the caption "ABR Spread" or "Term Benchmark/RFR Spread", as applicable, and (ii) with respect to the Commitment Fee applicable to the Initial Revolving Credit Commitments, the applicable rate per annum set forth below under the caption "Commitment Fee Rate", in each case, based upon the Total Leverage Ratio as of the last day of the most recently ended Test Period; <u>provided</u> that until the first Adjustment Date following the completion of one full Fiscal Quarter ending after the Availability Date, the "Applicable Rate" for any Initial Term Loan, any Initial Revolving Loan or such Commitment Fee shall be the applicable rate per annum set forth below in Category 3; and (b) with respect to any other Class of Additional Revolving Loans, Additional Term Loans or Revolving Credit Commitments, the applicable rate per annum as set forth in the applicable Refinancing Amendment, Incremental Facility Amendment or Extension Amendment.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Category** | **Total Leverage**<br> **Ratio** | **Term<br>Benchmark/RFR**<br>**Spread** | **ABR Spread** | **Commitment**<br>**Fee Rate** |
| 1 | > 3.25x | 2.00% | 1.00% | 0.35% |
| 2 | ≤ 3.25x but >2.25x | 1.75% | 0.75% | 0.30% |
| 3 | ≤ 2.25x but >1.25x | 1.50% | 0.50% | 0.25% |
| 4 | ≤ 1.25x | 1.25% | 0.25% | 0.20% |

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The Applicable Rate for any Initial Term Loan, any Initial Revolving Loan or the Commitment Fee applicable to the Initial Revolving Credit Commitments shall be adjusted, in accordance with the table above, quarterly on a prospective basis on each Adjustment Date based upon the Total Leverage Ratio as of the last day of the most recently ended Test Period; <u>provided</u> that if financial statements are not delivered when required pursuant to <u>Section 5.01(a)</u> or <u>5.01(b)</u>, as applicable, or a Compliance Certificate is not delivered when required pursuant to <u>Section 5.01(c)</u>, then, upon notice to that effect from the Administrative Agent (given at the direction of the Required RCF/TLA Lenders) to the Administrative Borrower, the "Applicable Rate" for any Initial Term Loan, any Initial Revolving Loan and such Commitment Fee shall be the rate per annum set forth above in Category 1 until such financial statements are delivered in compliance with <u>Section 5.01(a)</u> or <u>5.01(b)</u>, as applicable, or such Compliance Certificate is delivered in compliance with <u>Section 5.01(c)</u>, as the case may be (and thereafter the applicable Category shall be as otherwise determined in accordance with this definition).

In the event that any financial statements previously delivered under <u>Section 5.01(a)</u> or <u>5.01(b)</u>, or any Compliance Certificate previously delivered under <u>Section 5.01(c)</u>, were inaccurate, then, solely if (a) such inaccuracy is discovered prior to the repayment in full of the principal of all Initial Term Loans and all the Initial Revolving Loans and the termination of all Initial Term Loan Commitments and all the Initial Revolving Credit Commitments and (b) such inaccuracy, if corrected, would have led to the application of a higher Applicable Rate for any period (an "**Applicable Period**") than the Applicable Rate applied for such Applicable Period, then (i) the Parent Guarantor shall, as soon as practicable after such determination of inaccuracy, deliver to the Administrative Agent the corrected financial statements and/or the corrected Compliance Certificate, as applicable, for the relevant period, (ii) the Applicable Rate for the Applicable Period shall be redetermined as if the Category for such higher Applicable Rate were applicable for such Applicable Period and (iii) the Borrowers shall, within three Business Days thereof, pay to the Administrative Agent the accrued additional interest or fees owing as a result of such increased Applicable Rate for such Applicable Period, which payment shall be promptly applied by the Administrative Agent in accordance with this Agreement. Notwithstanding anything to the contrary in this Agreement, any such additional interest or fees hereunder shall not be due and payable until they are due and payable pursuant to this paragraph, and, accordingly, any nonpayment of such interest or fees as a result of any such inaccuracy shall not, in itself, constitute a Default (whether retroactively or otherwise). Subject to the immediately prior sentence, this paragraph shall not limit the rights of Administrative Agent and Lenders with respect to <u>Section 2.13</u> and <u>Article 7</u>.

"**Applicable Revolving Credit Percentage**" means, with respect to any Revolving Lender at any time, the percentage of the Total Revolving Credit Commitments at such time represented by such Revolving Lender's Revolving Credit Commitments at such time; <u>provided</u> that for purposes of <u>Section 2.21</u>, when there is a Defaulting Lender, such Defaulting Lender's Revolving Credit Commitment shall be disregarded in the relevant calculations. In the event that (a) the Revolving Credit Commitments of any Class have expired or been terminated in accordance with the terms hereof (other than pursuant to <u>Article 7</u>), the Applicable Revolving Credit Percentage shall be recalculated without giving effect to the Revolving Credit Commitments of such Class or (b) the Revolving Credit Commitments of all Classes have terminated (or the Revolving Credit Commitments of any Class have terminated pursuant to <u>Article 7</u>), the Applicable Revolving Credit Percentage shall be determined based upon the Revolving Credit Commitments (or the Revolving Credit Commitments of such Class) most recently in effect, giving effect to any assignments thereof and the status of any Revolving Lender as a Defaulting Lender.

"**Applicable Time**" means, with respect to any borrowings and payments in any Alternative Currency or Alternative LC Currency, the local time in the place of settlement for such currency as may be determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

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"**Approved Bank**" means a bank with a consolidated combined capital and surplus of at least US$5,000,000,000.

"**Approved Borrower Portal**" means any electronic platform chosen by the Administrative Agent to be its electronic transmission system

"**Approved Electronic Platform**" means IntraLinks™, DebtDomain, SyndTrak, ClearPar or any other electronic platform chosen by the Administrative Agent to be its electronic transmission system.

"**Approved Fund**" means, with respect to any Lender, any Person (other than a natural person or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person) that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities and is administered, advised or managed by (a) such Lender, (b) any Affiliate of such Lender or (c) any entity or any Affiliate of any entity that administers, advises or manages such Lender.

"**Aptiv**" has the meaning assigned to such term in the Recitals to this Agreement.

"**Arrangers**" means the Persons listed as joint lead arrangers and joint bookrunners on the cover of this Agreement, in their capacities as such for the Credit Facilities.

"**Assignment and Assumption**" means an assignment and assumption entered into by a Lender and an assignee (with the consent of any Person whose consent is required by <u>Section 9.05</u>), and accepted by the Administrative Agent, in the form of <u>Exhibit B</u> or any other form approved by the Administrative Agent and the Parent Guarantor.

"**Attributable Indebtedness**" means, with respect to any Sale and Lease-Back Transaction that does not result in a Capital Lease Obligation, the present value (computed in accordance with GAAP) of the total obligations of the lessee for rental payments during the remaining term of the lease included in such Sale and Lease-Back Transaction (including any period for which such lease has been extended).

"**Attributable Receivables Indebtedness**" means, at any time with respect to any Permitted Receivables Facility, the principal amount of Indebtedness which (a) if such Permitted Receivables Facility is structured as a secured lending agreement, would constitute at such time the principal amount of such Indebtedness or (b) if such Permitted Receivables Facility is structured as a purchase agreement or factoring arrangement, would be outstanding at such time under the Permitted Receivables Facility if the same were structured as a secured lending agreement rather than a purchase agreement or a factoring arrangement.

"**Auction**" means an auction conducted by the Parent Guarantor or any Restricted Subsidiary in order to purchase Term Loans of any Class or Classes, in accordance with such procedures as shall be agreed with respect to such auction by the Parent Guarantor or such Restricted Subsidiary and the applicable Auction Agent.

"**Auction Agent**" means (a) the Administrative Agent or any of its Affiliates, in each case, if such Person and the Parent Guarantor have agreed to have such Person act as an arranger in connection with any Auction or (b) any other financial institution or advisor engaged by the Parent Guarantor (whether or not an Affiliate of the Administrative Agent) to act as an arranger in connection with any Auction.

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"**Availability Date**" means the first date on which each condition set forth in <u>Section 4.02</u> is satisfied or waived in accordance with <u>Section 9.02</u>.

"**Availability Date Collateral Documents**" means (a) with respect to Cyprium US and any other Availability Date Loan Party that is a Domestic Loan Party, the U.S. Security Agreement and (b) with respect to the Parent Guarantor, Cyprium Luxembourg and each other Availability Date Loan Party, such Collateral Documents as would be required in order for the Collateral and Guarantee Requirement to be satisfied as to such Availability Date Loan Party as of the Availability Date.

"**Availability Date Loan Parties**" means (a) the Parent Guarantor, (b) each Borrower and (c) each other Restricted Subsidiary (other than **<u>any Restricted Subsidiary indicated as</u>** an Excluded Subsidiary **<u>on Schedule 3.15(b)</u>**) that is organized under the laws of the United States, Jersey, Switzerland or Luxembourg. **<u>For the avoidance of doubt, for purposes of this definition, the term Restricted Subsidiary shall be determined after giving effect to the rules of construction as to the term "Subsidiary" set forth in Section 1.05.</u>** 

"**Available Amount**" means, at any time, an amount equal to, without duplication:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the greater of US$300,000,000 and 35% of Consolidated Adjusted EBITDA for the most recently ended Test Period; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the CNI Growth Amount; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the amount of any capital contributions in respect of, or proceeds of any issuance of, Qualified Capital Stock of the Parent Guarantor (other than any amounts (x) received from any Restricted Subsidiary or (y) consisting of the proceeds of any loan or advance made pursuant to <u>Section 6.05(g)(ii)</u>) received as Cash equity by the Parent Guarantor, <u>plus</u> the fair market value, as determined by the Parent Guarantor in good faith, of Cash Equivalents, marketable securities or other property received by the Parent Guarantor as a capital contribution in respect of, or in return for any issuance of, Qualified Capital Stock of the Parent Guarantor (other than any amounts (x) received from any Restricted Subsidiary or (y) consisting of the proceeds of any loan or advance made pursuant to <u>Section 6.05(g)(ii)</u>), in each case, during the period from and including the day immediately following the Availability<u>**Spin-Off Effective**</u> Date through and including such time; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the aggregate principal amount of any Indebtedness of the Parent Guarantor or any Restricted Subsidiary incurred after the Availability<u>**Spin-Off Effective**</u> Date (other than Indebtedness issued to any Restricted Subsidiary) which has been converted into or exchanged for Qualified Capital Stock of the Parent Guarantor, together with the fair market value of any Cash, Cash Equivalents, marketable securities or other property received by the Parent Guarantor or any Restricted Subsidiary upon such exchange or conversion, in each case, during the period from and including the day immediately following the Availability<u>**Spin-Off Effective**</u> Date through and including such time; plus

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the net proceeds received by the Parent Guarantor or any Restricted Subsidiary during the period from and including the day immediately following the Availability<u>**Spin-Off Effective**</u> Date through and including such time in connection with the Disposition to any Person (other than the Parent Guarantor or any Restricted Subsidiary) of any Investment made pursuant to <u>Section 6.05(p)</u>; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) to the extent not already reflected as a return of capital with respect to such Investment for purposes of determining the amount of such Investment, the proceeds received by the Parent Guarantor or any Restricted Subsidiary during the period from and including the day immediately following the Availability<u>**Spin-Off Effective**</u> Date through and including such time in connection with cash returns, cash profits, cash distributions and similar cash amounts, including cash principal repayments of loans and interest payments on loans, in each case received in respect of any Investment made after the Availability<u>**Spin-Off Effective**</u> Date pursuant to <u>Section 6.05(p)</u> or, without duplication, otherwise received by the Parent Guarantor or any Restricted Subsidiary from an Unrestricted Subsidiary (including any proceeds received on account of any issuance of Capital Stock by any Unrestricted Subsidiary (other than solely on account of the issuance of Capital Stock to the Parent Guarantor or any Restricted Subsidiary)); plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) an amount equal to the sum of, without duplication, (A) the amount of any Investments by the Parent Guarantor or any Restricted Subsidiary made pursuant to <u>Section 6.05(p)</u> in any Unrestricted Subsidiary (in an amount not to exceed the original amount of such Investment) that has been re-designated as a Restricted Subsidiary, (B) the amount of any Investments by the Parent Guarantor or any Restricted Subsidiary pursuant to <u>Section 6.05(p)</u> in any Unrestricted Subsidiary or any Joint Venture (in an amount not to exceed the original amount of such Investment) that has been merged, consolidated or amalgamated with or into, or is liquidated, wound up or dissolved into, the Parent Guarantor or any Restricted Subsidiary and (C) to the extent that the Parent Guarantors' or a Restricted Subsidiary's Investments in any Unrestricted Subsidiary or Joint Venture have been made pursuant to <u>Section 6.05(p)</u>, the fair market value (as determined by the Parent Guarantor in good faith) of the property or assets of any Unrestricted Subsidiary or any Joint Venture that have been transferred, conveyed or otherwise distributed (in an amount not to exceed the original amount of such Investment) to the Parent Guarantor or any Restricted Subsidiary, in each case, during the period from and including the day immediately following the Availability<u>**Spin-Off Effective**</u> Date through and including such time; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) the amount of any Declined Proceeds; minus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) an amount equal to the sum of (i) Restricted Payments made pursuant to <u>Section 6.04(a)(ii)</u>, plus (ii) Restricted Debt Payments made pursuant to <u>Section 6.04(b)(vi)</u>, plus (iii) Investments made pursuant to <u>Section 6.05(p)</u>, in each case, after the Availability Date and prior to such time or contemporaneously therewith.

"**Available Tenor**" means, as of any date of determination and with respect to the then-current Benchmark for any Agreed Currency, as applicable, any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or component thereof), as applicable, that is or may be used for determining the length of an Interest Period for any term rate or otherwise, for determining any frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of "Interest Period" pursuant to <u>Section 2.14(b)(iv)</u>.

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"**Bail-In Action**" means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.

"**Bail-In Legislation**" means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

"**Banking Services**" means any of the following services: commercial credit cards, stored value cards, debit cards, purchasing cards, treasury management services, netting services, overdraft protections, check drawing services, automated payment services (including depository, overdraft, controlled disbursement, automated clearing house transfer transactions, return items and interstate depository network services), employee credit card programs, cash pooling services, foreign exchange and currency management services and any arrangements or services similar to any of the foregoing and/or otherwise in connection with Cash management and deposit accounts.

"**Banking Services Obligations**" means any and all obligations of the Parent Guarantor or any Restricted Subsidiary, whether absolute or contingent and however and whenever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) under any arrangement in connection with Banking Services that is (a) in effect on the Availability Date between the Parent Guarantor or any Restricted Subsidiary and a counterparty that is (or is an Affiliate of) the Administrative Agent, any Lender or any Arranger as of the Availability Date or any other Person reasonably acceptable to the Administrative Agent or (b) that is entered into after the Availability Date by the Parent Guarantor or any Restricted Subsidiary with any counterparty that is (or is an Affiliate of) the Administrative Agent, any Lender or any Arranger at the time such arrangement is entered into or any other Person reasonably acceptable to the Administrative Agent, it being understood that each counterparty thereto shall be deemed (A) to appoint the Administrative Agent and each of the Collateral Agents as its agent under the applicable Loan Documents and (B) to agree to be bound by the provisions of <u>Article 8</u> (and all other protections, privileges, immunities and indemnities of the Administrative Agent and the Collateral Agents set forth in this Agreement or any other Loan Document), <u>Sections 9.04</u> and <u>9.10</u> and each Acceptable Intercreditor Agreement, in each case, as if it were a Lender.

"**Bankruptcy Code**" means Title 11 of the United States Code (11 U.S.C. § 101 et seq.).

"**Benchmark**" means, initially, with respect to any Loan denominated in any Agreed Currency, the applicable Relevant Rate for Loans denominated in such Agreed Currency; <u>provided</u> that if a Benchmark Transition Event, and the related Benchmark Replacement Date have occurred with respect to the applicable Relevant Rate or the then-current Benchmark for such Agreed Currency, then "Benchmark" means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to <u>Section 2.14(b)(i)</u>.

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"**Benchmark Replacement**" means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date; <u>provided</u> that, in the case of any Loan denominated in an Alternative Currency (other than Canadian Dollars), "Benchmark Replacement" shall mean the alternative set forth in <u>clause (2)</u> below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) (a) in the case of any Loan denominated in U.S. Dollars, the Daily Simple SOFR and (b) in the case of any Loan denominated in Canadian Dollars, the Adjusted Daily Simple CORRA; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the sum of: (a) the alternate benchmark rate that has been selected by the Administrative Agent and the Administrative Borrower as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body and/or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for syndicated credit facilities denominated in the applicable Agreed Currency at such time in the United States and (b) the related Benchmark Replacement Adjustment; <u>provided</u> that, notwithstanding anything to the contrary in this Agreement or in any other Loan Document, upon the occurrence of a Term CORRA Reelection Event, and the delivery of a Term CORRA Notice, on the applicable Benchmark Replacement Date the "Benchmark Replacement", in the case of any Loan denominated in Canadian Dollars, shall revert to and shall be deemed to be the Adjusted Term CORRA.

If the Benchmark Replacement as determined pursuant to <u>clause (1)</u> or <u>(2)</u> above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.

"**Benchmark Replacement Adjustment**" means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Administrative Borrower for the applicable Corresponding Tenor giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date and/or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for syndicated credit facilities denominated in the applicable Agreed Currency at such time in the United States.

"**Benchmark Replacement Conforming Changes**" means, with respect to any Benchmark Replacement and/or any Term Benchmark Loan denominated in U.S. Dollars or Canadian Dollars, any technical, administrative or operational changes (including changes to the definition of "Alternate Base Rate," the definition of "Business Day," the definition of "U.S. Government Securities Business Day," the definition of "RFR Business Day," the definition of "Interest Period," timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent determines in its reasonable discretion (in consultation with the Administrative Borrower) may be appropriate to reflect the adoption and implementation of such Benchmark and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark exists, in such other manner of administration as the Administrative Agent determines (in consultation with the Administrative Borrower) is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

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"**Benchmark Replacement Date**" means, with respect to any Benchmark, the earlier to occur of the following events with respect to such then-current Benchmark:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in the case of <u>clause (1)</u> or <u>(2)</u> of the definition of "Benchmark Transition Event," the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) in the case of <u>clause (3)</u> of the definition of "Benchmark Transition Event," the first date on which such Benchmark (or the published component used in the calculation thereof) has been or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) have been determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be no longer representative; <u>provided</u>, that such non-representativeness will be determined by reference to the most recent statement or publication referenced in such <u>clause (3)</u> and even if such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date.

For the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (ii) the "Benchmark Replacement Date" will be deemed to have occurred in the case of <u>clause (1)</u> or <u>(2)</u> with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof).

"**Benchmark Transition Event**" means, with respect to any Benchmark, the occurrence of one or more of the following events with respect to such then-current Benchmark:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely, <u>provided</u> that, at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof), the Federal Reserve Board, the NYFRB, the CME Term SOFR Administrator, the CORRA Administrator, the central bank for the Agreed Currency applicable to such Benchmark, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component thereof), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component thereof) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component thereof), in each case, which states that the administrator of such Benchmark (or such component thereof)

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has ceased or will cease to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; <u>provided</u> that, at the time of such statement or publication, there is no successor administrator that will continue to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such Benchmark (or such component thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) are no longer, or as of a specified future date will no longer be, representative.

For the avoidance of doubt, a "Benchmark Transition Event" will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof).

"**Benchmark Unavailability Period**" means, with respect to any Benchmark, the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to <u>clause (1)</u> or <u>(2)</u> of that definition has occurred if, at such time, no Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any other Loan Document in accordance with <u>Section 2.14</u> and (y) ending at the time that a Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with <u>Section 2.14</u>.

"**Beneficial Ownership Certification**" means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

"**Beneficial Ownership Regulation**" means 31 C.F.R. § 1010.230.

"**Benefit Plan**" means any of (a) an "employee benefit plan" (as defined in ERISA) that is subject to Title I of ERISA, (b) a "plan" as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such "employee benefit plan" or "plan".

"**Bona Fide Debt Fund**" means any debt fund, investment vehicle, regulated bank entity or unregulated lending entity that is primarily engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of business for financial investment purposes and which is managed, sponsored or advised by any Person controlling, controlled by or under common control with any Person that is otherwise a Disqualified Institution, but, in each case, with respect to which no personnel involved with any investment in such Person or the management, control or operation of such Person (i) directly or indirectly makes, has the right to make or participates with others in making any investment decisions, or otherwise causing the direction of the investment policies, with respect to such debt fund, investment vehicle, regulated bank entity or unregulated lending entity or (ii) has access to any information (other than information that is publicly available) relating to the Parent Guarantor or its subsidiaries or any entity that forms a part of any of their respective businesses; it being understood and agreed that the term "Bona Fide Debt Fund" shall not include any Person that is separately identified to the Arrangers or the Administrative Agent in accordance with <u>clause (a)(i)</u> or <u>(a)(ii)</u> of the definition of "Disqualified Institution" or any reasonably identifiable Affiliate of any such Person solely on the basis of similarity of such Affiliate's name.

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"**Borrower**" means any Revolving Credit Borrower or any Term Loan Borrower.

"**Borrower Communications**" means collectively, any Borrowing Request, any Interest Election Request, any notice of prepayment, any notice of termination or reduction of Commitments, any notice requesting the issuance, amendment or extension of any Letter of Credit or any other notice, demand, communication, information, document or other material provided by or on behalf of any of the Loan Parties pursuant to any Loan Document or the transactions contemplated therein which may be distributed by any Loan Party to the Administrative Agent through an Approved Borrower Portal.

"**Borrower Materials**" has the meaning assigned to such term in <u>Section 5.01</u>.

"**Borrowing**" means any Loans of the same Class, Type and Agreed Currency made, converted or continued on the same date and to the same Borrower and, in the case of Term Benchmark Loans, as to which a single Interest Period is in effect.

"**Borrowing Request**" means a request by a Borrower for a Borrowing in accordance with <u>Section 2.03</u>, which shall be substantially in the form provided by the Administrative Agent to the Administrative Borrower prior to the Effective Date or such other form that is reasonably acceptable to the Administrative Agent and the Administrative Borrower.

"**Business Day**" means any day (other than a Saturday or a Sunday) on which banks are open for business in New York City; <u>provided</u> that (a) in relation to Loans denominated in Sterling, the term "Business Day" shall also exclude any day on which banks are not open for business in London, (b) in relation to Loans denominated in Euros and in relation to the calculation or computation of EURIBOR, the term "Business Day" shall also exclude any day which is not a TARGET Day, (c) in relation to RFR Loans and any interest rate settings, fundings, disbursements, settlements or payments of any such RFR Loan, or any other dealings in the applicable Agreed Currency of such RFR Loan, the term "Business Day" shall also exclude any such day that is not an RFR Business Day, (d) in relation to Loans denominated in Canadian Dollars and in relation to the calculation or computation of CORRA or the Canadian Prime Rate, the term "Business Day" shall also exclude any day in which commercial banks in Toronto, Canada are authorized or required by law to remain closed, (e) in relation to Loans denominated in Mexican Pesos, the term "Business Day" shall also exclude any day on which commercial banks in Mexico City, Mexico are authorized or required by law to remain closed and (f) in relation to Loans referencing the Term SOFR and any interest rate settings, fundings, disbursements, settlements or payments of any such Loans referencing the Term SOFR or any other dealings of such Loans referencing the Term SOFR, the term "Business Day" shall also exclude any such day that is not a U.S. Government Securities Business Day.

"**Canada**" means the country of Canada and any province or territory thereof.

"**Canadian Dollars**" or "**CAD$**" refers to lawful money of Canada.

"**Canadian Prime Rate**" means, on any day, the rate equal to the PRIMCAN Index rate that appears on the Bloomberg screen at 10:15 a.m., Toronto time, on such day (or, in the event that the PRIMCAN Index is not published by Bloomberg, any other information services that publishes such index from time to time, as selected by the Administrative Agent in its reasonable discretion); <u>provided</u> that if the above rate shall be less than 1.00%, such rate shall be deemed to be 1.00% for purposes of this Agreement. Any change in the Canadian Prime Rate due to a change in the PRIMCAN Index shall be effective from and including the effective date of such change in the PRIMCAN Index.

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"**Capital Expenditures**" means, with respect to the Parent Guarantor and its Restricted Subsidiaries for any period, the aggregate amount, without duplication, of all expenditures (whether paid in cash or accrued as liabilities and including in all events all amounts expended or capitalized as Capital Lease Obligations) that in accordance with GAAP, are, or are required to be, included as capital expenditures on the consolidated statement of cash flows of the Parent Guarantor for such period.

"**Capital Lease Obligations**" of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP (but subject to <u>Section 1.04(a)(iii)</u>), and the amount of such obligations as of any date shall be the capitalized amount thereof determined in accordance with GAAP (but subject to <u>Section 1.04(a)(iii)</u>) that would appear on a balance sheet of such Person prepared as of such date.

"**Capital Stock**" means any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation or exempted company, any and all equivalent ownership interests in a Person (other than a corporation or exempted company), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or other arrangements or rights to acquire any of the foregoing, but excluding for the avoidance of doubt any Indebtedness convertible into or exchangeable for any of the foregoing (including Convertible Indebtedness) and any Packaged Rights.

"**Captive Insurance Subsidiary**" means any Restricted Subsidiary of the Parent Guarantor that is subject to regulation as an insurance company (or any Restricted Subsidiary thereof).

"**Cash**" or "**cash**" means money, currency or a credit balance in any deposit account, in each case determined in accordance with GAAP.

**"Cash Equivalents"** means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) U.S. Dollars or money in other currencies received in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed or insured by the United States federal government or any agency thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States of America, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least "A" by S&P or "A" by Moody's;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) demand deposit, certificates of deposit and time deposits with maturities of one year or less from the date of acquisition and overnight bank deposits of any commercial bank, supranational bank or trust company having capital and surplus in excess of US$500,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) repurchase obligations with respect to securities of the types (but not necessarily maturity) described in <u>clauses (b)</u> and <u>(c)</u> above, having a term of not more than ninety days, of banks (or bank holding companies) or subsidiaries of such banks (or bank holding companies) and non-bank broker-dealers listed on the NYFRB's list of primary and other reporting dealers ("**Repo Counterparties**") which Repo Counterparties have capital, surplus and undivided profits aggregating in excess of US$500,000,000 (or the foreign equivalent thereof) and which Repo Counterparties or their parents (if the Repo Counterparties are not rated) will at the time of the transaction be rated "A-1" by S&P (or such similar equivalent rating) or higher by at least one nationally recognized statistical rating organization;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) commercial paper rated at least "A-1" or the equivalent thereof by S&P or "P-1" or the equivalent thereof by Moody's and in either case maturing within one year after the day of acquisition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) short-term marketable securities of comparable credit quality to those described in <u>clauses (a)</u> through <u>(f)</u> above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) shares of money market mutual or similar funds that invest at least 95% in assets satisfying the requirements of <u>clauses (a)</u> through <u>(f)</u> above; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in the case of the Parent Guarantor or a Foreign Subsidiary, substantially similar investments, of comparable credit quality, denominated in the currency of any jurisdiction in which the Parent Guarantor or such Foreign Subsidiary conducts business.

"**Casualty/Condemnation Event**" means any casualty or other insured damage to, or any taking under power of eminent domain, condemnation, expropriation or similar proceeding of, any asset of the Parent Guarantor or any Restricted Subsidiary.

"**CBR Loan**" means a Loan that bears interest at a rate determined by reference to the Central Bank Rate or the Canadian Prime Rate.

"**CBR Spread**" means, with respect to any CBR Loan at any time, the Applicable Rate that would be applicable at such time to the Loan that was converted into such CBR Loan in accordance herewith.

**"Central Bank Rate"** means the greater of (a) (i) for any Loan denominated in (A) Sterling, the Bank of England (or any successor thereto)'s "Bank Rate" as published by the Bank of England (or any successor thereto) from time to time, (B) Euro, one of the following three rates as may be selected by the Administrative Agent in its reasonable discretion: (1) the fixed rate for the main refinancing operations of the European Central Bank (or any successor thereto), or, if that rate is not published, the minimum bid rate for the main refinancing operations of the European Central Bank (or any successor thereto), each as published by the European Central Bank (or any successor thereto) from time to time, (2) the rate for the marginal lending facility of the European Central Bank (or any successor thereto), as published by the European Central Bank (or any successor thereto) from time to time or (3) the rate for the deposit facility of the central banking system of the Participating Member States, as published by the European Central Bank (or any successor thereto) from time to time, (C) Mexican Pesos, a central bank rate as determined by the Administrative Agent in its reasonable discretion and (D) any other Alternative Currency, a central bank rate as determined by the Administrative Agent in its reasonable discretion; <u>plus</u> (ii) the applicable Central Bank Rate Adjustment and (b) 0.00%.

"**Central Bank Rate Adjustment**" means, for any day, for any Loan denominated in (a) Euro, a rate equal to the difference (which may be a positive or negative value or zero) of (i) the average of the Adjusted EURIBOR for the five most recent Business Days preceding such day for which the EURIBOR Screen Rate was available (excluding, from such averaging, the highest and the lowest Adjusted EURIBOR applicable during such period of five Business Days) <u>minus</u> (ii) the Central Bank Rate in respect of Euro in effect on the last Business Day in such period, (b) Sterling, a rate equal to the difference (which may be a positive or negative value or zero) of (i) the average of Daily Simple SONIA for the five most recent RFR Business Days preceding such day for which Daily Simple SONIA was

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available (excluding, from such averaging, the highest and the lowest Daily Simple SONIA applicable during such period of five RFR Business Days) <u>minus</u> (ii) the Central Bank Rate in respect of Sterling in effect on the last RFR Business Day in such period, (c) Mexican Pesos, a rate equal to the difference (which may be a positive or negative value or zero) of (i) the average of the Adjusted TIIE Rate for the five most recent Business Days preceding such day for which the Funding TIIE Composed in Advance was available (excluding, from such averaging, the highest and the lowest Adjusted TIIE Rate applicable during such period of five Business Days) <u>minus</u> (ii) the Central Bank Rate in respect of Mexican Pesos in effect on the last Business Day in such period and (d) any other Alternative Currency, a Central Bank Rate Adjustment as determined by the Administrative Agent in its reasonable discretion. For purposes of this definition, (x) the term Central Bank Rate shall be determined disregarding <u>clause (a)(ii)</u> of the definition of such term and (y) the Adjusted EURIBOR and the Adjusted TIIE Rate on any day shall be based on the EURIBOR Screen Rate or the Funding TIIE Composed in Advance, as the case may be, on such day at approximately the time referred to in the definition of such term for deposits in the applicable Agreed Currency for a maturity of one month (28 days in the case of the Funding TIIE Composed in Advance); <u>provided</u> that if such rate shall be less than 0.00%, such rate shall be deemed to be 0.00%.

**"Change in Control"** means the occurrence of any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any "person" or "group" (within the meaning of the Exchange Act<u>**, but prior to the consummation of the Spin-Off excluding Aptiv and its Subsidiaries**</u>) has the ability to appoint the majority of the members of the Parent Guarantor's board of directors (or comparable governing body);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any "person" or "group" (within the meaning of the Exchange Act<u>**, but prior to the consummation of the Spin-Off excluding Aptiv and its Subsidiaries**</u>) acquires "beneficial ownership" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act), directly or indirectly, of Capital Stock representing more than 50% of the total ordinary voting power of the issued and outstanding Capital Stock of the Parent Guarantor; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>**(i) prior to the consummation of the Spin-Off, Aptiv ceases to own, directly or indirectly through any one or more Wholly-Owned Subsidiaries, 100% of the Capital Stock of each of the Borrowers and the Parent Guarantor and (ii) after the consummation of the Spin-Off,**</u> the Parent Guarantor ceases to own, directly or indirectly through any one or more Wholly-Owned Subsidiaries, 100% of the Capital Stock of each of the Borrowers.

"**Change in Law**" means (a) the adoption or taking effect of any law, rule, regulation or treaty after the Effective Date, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority after the Effective Date or (c) compliance by any Lender or any Issuing Bank (or, for purposes of <u>Section 2.15(b)</u>, by any lending office of such Lender or such Issuing Bank or by such Lender's or such Issuing Bank's holding company, if any) with any request, rule guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the Effective Date (other than any such request, guideline or directive to comply with any law, rule or regulation that was in effect on the Effective Date). For purposes of this definition and <u>Section 2.15</u>, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder or issued in connection therewith or in implementation thereof and (y) all requests, rules, guidelines, requirements or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or U.S. or applicable foreign regulatory authorities, in each case pursuant to Basel III, shall in each case described in <u>clauses (a)</u>, <u>(b)</u> and <u>(c)</u> above, be deemed to be a Change in Law, regardless of the date enacted, adopted, issued or implemented.

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"**Charge**" means any fee, loss, charge, expense, cost, accrual or reserve of any kind (other than loss of revenues).

"**China**" means the People's Republic of China, for the purpose of this Agreement, excluding Hong Kong, the Macau Special Administrative Region and the Taiwan area.

"**Class**", when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Initial Term Loans, Additional Term Loans of any series established as a separate "Class" pursuant to <u>Sections 2.22</u>, <u>2.23</u> or <u>9.02(c)(i)</u>, Initial Revolving Loans or Additional Revolving Loans of any series established as a separate "Class" pursuant to <u>Sections 2.22</u>, <u>2.23</u> or <u>9.02(c)(ii)</u>, (b) any Commitment, refers to whether such Commitment is an Initial Term Loan Commitment, an Additional Term Loan Commitment of any series established as a separate "Class" pursuant to <u>Sections 2.22</u>, <u>2.23</u> or <u>9.02(c)(i)</u>, an Initial Revolving Credit Commitment or an Additional Revolving Credit Commitment of any series established as a separate "Class" pursuant to <u>Sections 2.22</u>, <u>2.23</u> or <u>9.02(c)(ii)</u>, (c) any Lender, refers to whether such Lender has a Loan or Commitment of a particular Class and (d) any Revolving Credit Exposure, refers to whether such Revolving Credit Exposure is attributable to a Revolving Credit Commitment of a particular Class (or Revolving Loans incurred or Letters of Credit issued under a Revolving Credit Commitment of a particular Class).

"**CME Term SOFR Administrator**" means CME Group Benchmark Administration Limited as administrator of the forward-looking term secured overnight financing rate (SOFR) (or a successor administrator).

"**CNI Growth Amount**" means, at any date of determination, an amount (which amount shall not be less than zero) equal to 50% of Consolidated Net Income for the cumulative period from the first day of the first Fiscal Quarter commencing **<u>on or</u>** after the Availability**<u>Spin-Off Effective</u>** Date to and including the last day of the most recently ended Fiscal Quarter prior to such date, in each case, with respect to which Fiscal Quarter (or with respect to the Fiscal Year that includes such Fiscal Quarter) consolidated financial statements required pursuant to <u>Section 5.01(a)</u> or <u>5.01(b)</u> have been delivered (treated as one accounting period).

"**Code**" means the Internal Revenue Code of 1986, as amended from time to time.

"**Collateral**" means any and all property of any Loan Party, whether now existing or hereafter acquired, that is or becomes subject to a Lien pursuant to any Collateral Document to secure the Obligations. For the avoidance of doubt, in no event shall "Collateral" include any Excluded Asset, unless specifically consented to in writing by the Parent Guarantor.

"**Collateral Agents**" means, collectively, the Domestic Collateral Agent, the Foreign Collateral Agent and any Common Collateral Agent.

"**Collateral and Guarantee Requirement**" means, at any time, subject to (x) the applicable limitations set forth in this Agreement and/or any other Loan Document (including any Acceptable Intercreditor Agreement), (y) the time periods (and extensions thereof) set forth in <u>Section 5.12</u> or <u>Section 5.15</u>, as applicable, and (z) the Agreed Security Principles (with respect to the Foreign Loan Parties), the requirement that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Administrative Agent shall have received from the Parent Guarantor, each Borrower and each other Restricted Subsidiary (other than any Excluded Subsidiary) either (i) a counterpart of the Guarantee Agreement or (ii) in the case of any Restricted Subsidiary that (x) is not an Availability Date Loan Party or (y) becomes a Restricted Subsidiary after the Availability<u>Spin-Off Effective</u> Date, a Guarantee Supplement, in each case, duly executed and delivered on behalf of such Person;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Domestic Collateral Agent shall have received from each U.S. Subsidiary (other than an Excluded Subsidiary) (i) either (A) a counterpart of the U.S. Security Agreement or (y<u>**B**</u>) in the case of any U.S. Subsidiary that (x) is not an Availability Date Loan Party or (B) becomes a Restricted Subsidiary after the Availability<u>Spin-Off Effective</u> Date, a supplement to the U.S. Security Agreement in the form specified therein and (ii) if such U.S. Subsidiary owns United States issued Patents, United States registered Trademarks and United States registered Copyrights (and pending applications for any of the foregoing), a counterpart of the applicable U.S. Intellectual Property Security Agreement, in each case, duly executed and delivered on behalf of such Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Administrative Agent and the applicable Collateral Agent shall have received from the Parent Guarantor and each Foreign Subsidiary (other than an Excluded Subsidiary) such Collateral Documents, or such supplements to the applicable Collateral Documents, as may be reasonably requested by the Administrative Agent with respect to the Parent Guarantor or such Foreign Subsidiary (subject to the Agreed Security Principles);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Administrative Agent and the Collateral Agents shall have received from each Person that becomes a Loan Party after the Availability Date the documents, searches and opinions of the type referred to in <u>Sections 4.02(e)</u>, <u>4.02(g)</u> and <u>4.02(j)</u>; <u>(it being agreed that if the requirements of Section 4.02(j) shall have been satisfied as to any such Loan Party as of the Availability Date, no further documents shall be required to be delivered under this clause (d) by reference to Section 4.02(j));</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) if any Acceptable Intercreditor Agreement shall be in effect, the Administrative Agent and/or the Collateral Agents, as applicable, shall have received from the Parent Guarantor, each Borrower and each other Restricted Subsidiary (other than any Excluded Subsidiary) an executed joinder to or an acknowledgement of such Acceptable Intercreditor Agreement in substantially the form attached as an exhibit thereto or otherwise provided therein, in each case, duly executed and delivered on behalf of such Person;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) with respect to any Material Real Estate Asset (other than an Excluded Asset), the applicable Collateral Agent shall have received a Mortgage and any necessary UCC fixture filing (or equivalent filings in foreign jurisdictions) in respect thereof, in each case together with, to the extent customary and appropriate (as reasonably determined by the Administrative Agent and the Parent Guarantor) and, to the extent applicable, subject to the Agreed Security Principles:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) evidence that (A) counterparts of such Mortgage have been duly executed, acknowledged and delivered and such Mortgage and any corresponding UCC or equivalent fixture filing are in form suitable for filing or recording in all filing or recording offices that the Administrative Agent may deem reasonably necessary in order to create a valid and subsisting Lien on such Material Real Estate Asset in favor of the applicable Collateral Agent for the benefit of the Secured Parties, (B) such Mortgage and any corresponding UCC or equivalent fixture filings have been duly recorded or filed, as applicable and (C) all filing and recording taxes and fees have been paid or otherwise provided for in a manner reasonably satisfactory to Administrative Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a fully paid policy of lender's title insurance (a "**Mortgage Policy**") in an amount reasonably acceptable to the Administrative Agent (not to exceed the fair market value of such Material Real Estate Asset (as determined by the Parent Guarantor in good faith)) issued by a nationally recognized title insurance company in the applicable jurisdiction that is reasonably acceptable to the Administrative Agent, insuring the relevant Mortgage as having created a valid subsisting Lien on the real property described therein with the ranking or the priority which it is expressed to have in such Mortgage, subject only to Permitted Liens, together with such endorsements, coinsurance and reinsurance as the Administrative Agent may reasonably request to the extent the same are available in the applicable jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a customary legal opinion of local counsel for the relevant Loan Party in the jurisdiction in which such Material Real Estate Asset is located and, if applicable, in the jurisdiction of formation of the relevant Loan Party, in each case as the Administrative Agent may reasonably request; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) (A) a new survey or a copy of any existing survey currently in the possession of the Parent Guarantor or any of its Subsidiaries if such existing survey is, together with a no-change affidavit, sufficient for the relevant title insurance company to remove the standard survey exception and issue the survey-related endorsements to the Mortgage Policy, (B) to the extent applicable, an appraisal (if required under the Financial Institutions Reform Recovery and Enforcement Act of 1989, as amended) and (C) a "Life-of-Loan" flood determination under Regulation H of the Federal Reserve Board.

Notwithstanding any provision of any Loan Document to the contrary, if any mortgage tax or similar tax or charge would be payable with respect to any Mortgage based on the entire amount of the Obligations secured by such Mortgage, then, to the extent permitted by, and in accordance with, applicable law, the maximum amount of Obligations secured by such Mortgage shall be limited to an amount not to exceed the fair market value of the applicable Material Real Estate Asset at the time such Mortgage is entered into and determined in a manner reasonably acceptable to Administrative Agent and the Parent Guarantor.

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Notwithstanding anything contained in this Agreement to the contrary, no Mortgage shall be executed and delivered with respect to any real property located in the United States unless and until each Lender that is a Regulated Bank has received, at least 20 days prior to such execution and delivery, a "Life-of-Loan" flood determination and such other documents as it may reasonably request to complete its flood insurance due diligence and has confirmed to the Administrative Agent that flood insurance due diligence has been completed to its satisfaction, it being agreed that if any such Lender does not provide a written objection to the Administrative Agent within 20 days following receipt or posting thereof, it shall be deemed to be satisfied therewith.

"**Collateral Documents**" means, collectively, each document, agreement or instrument pursuant to which a Lien securing any of the Obligations is granted (or purported to be granted) by any Loan Party to any Collateral Agent, for the benefit of the Secured Parties, and any supplement to any of the foregoing, delivered to any Collateral Agent.

"**Commercial Letter of Credit**" means any Letter of Credit issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by the Parent Guarantor or any of its Restricted Subsidiaries in the ordinary course of business of such Person.

"**Commitment**" means, with respect to each Lender at any time, such Lender's Initial Term Loan Commitment, Initial Revolving Credit Commitment and Additional Commitment, as applicable, in effect at such time.

"**Commitment Fee**" has the meaning assigned to such term in <u>Section 2.12(a)</u>.

"**Commitment Fee Rate"** means, on any date, (a) with respect to the Initial Revolving Credit Commitments, a percentage per annum equal to the Applicable Rate set forth in the "Commitment Fee Rate" column of the table in, and determined in accordance with, the definition of "Applicable Rate" and (b) with respect to Additional Revolving Credit Commitments of any Class, the rate or rates per annum specified in the applicable Refinancing Amendment, Incremental Facility Amendment or Extension Amendment.

"**Commodity Exchange Act**" means the Commodity Exchange Act (7 U.S.C. § 1 et seq.).

"**Common Collateral Agent**" means any Person appointed as such under any Acceptable Intercreditor Agreement.

"**Communications**" means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any Loan Party, the Administrative Agent or any Collateral Agent pursuant to any Loan Document or the transactions contemplated therein that is distributed to the Administrative Agent, any Collateral Agent, any Lender or any Issuing Bank by means of electronic communications pursuant to <u>Section 8.16</u> or <u>Section 9.01</u>, including through the Approved Electronic Platform.

"**Company Competitor**" means any competitor of the Parent Guarantor and/or any of its subsidiaries.

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"**Compliance Certificate**" means a Compliance Certificate, substantially in the form of <u>Exhibit C</u>, or another form that is reasonably acceptable to the Administrative Agent and the Parent Guarantor.

"**Confidential Information**" has the meaning assigned to such term in <u>Section 9.13(g)</u>.

"**Connection Income Taxes**" means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

"**Consolidated Adjusted EBITDA**" means, with reference to any period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Consolidated Net Income for such period; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) without duplication and, other than in the case of <u>clause (b)(xiii)</u> below, to the extent deducted from revenues in determining Consolidated Net Income for such period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Consolidated Interest Expense and charges, deferred financing fees and milestone payments in connection with any investment or series of related investments, losses on Hedge Agreements entered into for the purpose of hedging interest rate risk, net of gains on such Hedge Agreements, and costs of surety bonds in connection with financing activities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) expense and provision for taxes paid or accrued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) depreciation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) amortization (including amortization of intangibles);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) non-cash Charges recorded in respect of purchase accounting or impairment of goodwill, intangibles or long-lived assets and non-cash exchange, translation or performance losses relating to any foreign currency hedging transactions or currency fluctuations except to the extent representing an accrual for future cash outlays;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) any non-cash costs or expenses incurred by the Parent Guarantor or a Restricted Subsidiary pursuant to any employee or management equity plan or stock plan with respect to Capital Stock of the Parent Guarantor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) non-cash Charges pursuant to SFAS 158;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) any other non-cash Charges except to the extent representing an accrual for future cash outlays, including write-downs of excess, obsolete or unbalanced inventories and other asset write-downs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) (A) any unusual, infrequent or extraordinary Charges (including, without limitation, the amount of any integration, transition, severance, facility closing and similar Charges (including any Charges to establish accruals and reserves or to make payments associated with the reassessment or realignment of the business and operations of the Parent Guarantor and its Restricted Subsidiaries, including, without limitation, the sale or closing of facilities), stay bonuses, Charges arising from curtailments or modifications to pension and post-retirement employee benefit plans, Charges arising from asset disposals (including leased facilities), write-downs for purchase and lease commitments, start-up costs for new facilities, relocation costs which are not otherwise capitalized and any related promotional costs of exiting products or product lines) and (B) any restructuring and similar charges;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) without duplication, income of any non-wholly owned Restricted Subsidiaries and deductions attributable to minority interests;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) expenses with respect to Casualty/Condemnation Events;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) to the extent actually reimbursed, Charges to the extent covered by indemnification provisions in any agreement in connection with any acquisition or investment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) pro forma "run rate" cost savings, operating expense reductions, operational improvements and cost synergies (other than, in each case, any revenue enhancements or revenue synergies) (collectively, "**Expected Cost Savings**") (in each case, calculated on a Pro Forma Basis as though such Expected Cost Savings had been realized in full on the first day of such period, but net of actual amounts realized during such period) that are reasonably identifiable and factually supportable (in each case, as determined by the Parent Guarantor in good faith) related to any permitted acquisition (including the commencement of activities constituting a business line), Investment, Disposition outside the ordinary course of business (including the termination or discontinuance of activities constituting a business line), Cost Saving Initiative and/or specified transaction, in each case, whether consummated or initiated prior to, on or after the Availability Date; <u>provided</u> that such Expected Cost Savings are projected by the Parent Guarantor in good faith to result from actions that have been taken or with respect to which steps have been taken or are expected to be taken (in the good faith determination of the Parent Guarantor) within 24 months after the applicable date of determination of Consolidated Adjusted EBITDA; <u>provided</u>, <u>further</u>, that the aggregate amount added to or included in Consolidated Adjusted EBITDA pursuant to this <u>clause (xiii)</u> shall not, for any Test Period, exceed an amount equal to 25% of Consolidated Adjusted EBITDA for such Test Period, calculated after giving effect to any amounts added to or included in Consolidated Adjusted EBITDA pursuant to any clause of this definition (including this <u>clause (xiii)</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) unrealized net losses in the fair market value of any arrangements under Hedge Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) any other adjustments, exclusions and add-backs that are identified or set forth in any quality of earnings or similar analysis or report prepared by financial advisors reasonably acceptable to the Administrative Agent (it being understood that the "Big Four" accounting firms are acceptable) and delivered to the Administrative Agent in connection with any acquisition or other similar Investment not prohibited hereunder and consummated after the Availability Date; <u>provided</u> that (A) no such adjustments, exclusions or addbacks may be in the nature of revenue enhancement or revenue synergies and (B) any such adjustments, exclusions and addbacks that are based on pro forma "run rate" effects shall not be permitted by this <u>clause (xv)</u> (and instead may only be made to the extent permitted by <u>clause (xiii)</u> above);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) any Charge attributable to earn-outs, purchase price adjustments and other contingent obligations in connection with any acquisition or other Investment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) any distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and any other fees paid to a Person which is not the Parent Guarantor or any of its Restricted Subsidiaries in connection with, any Permitted Receivables Facility permitted hereunder and discounts on the sale of accounts receivable in connection with any Permitted Receivables Facility permitted hereunder representing, in the Parent Guarantor's reasonable determination, the implied interest component of such discount for such period; <u>minus</u>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to the extent included in Consolidated Net Income for such period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any unusual, infrequent or extraordinary income or gains;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) unrealized net gains in the fair market value of any arrangements under Hedge Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any gains attributable to earn-outs, purchase price adjustments and other contingent obligations in connection with any acquisition or other similar Investment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any other non-cash income or gain (except to the extent representing an accrual for future cash income);

<u>provided</u> that, to the extent included in Consolidated Net Income for such period, there shall be excluded in determining Consolidated Adjusted EBITDA for any period (A) currency translation gains and losses related to currency remeasurements of Indebtedness (including the net loss or gain resulting from Hedge Agreements for currency exchange risk) and (B) adjustments resulting from the application of SFAS 133.

In addition, to the extent not already included in the Consolidated Net Income for such period, Consolidated Adjusted EBITDA will include the proceeds of business interruption insurance (whether or not received so long as the Parent Guarantor in good faith expects to receive such proceeds within the next four Fiscal Quarters (with a deduction in the applicable future period for any amount so added back to the extent not so received within the next four Fiscal Quarters)).

Notwithstanding anything to the contrary herein, it is agreed that for the purpose of calculating the Total Leverage Ratio, the First Lien Leverage Ratio, the Interest Coverage Ratio and the Secured Leverage Ratio and/or the amount of any basket based on a percentage of Consolidated Adjusted EBITDA for any period that includes the Fiscal Quarter ended June 30, 2025 or**,** September 30**<u>, 2025 or December 31</u>**, 2025, Consolidated Adjusted EBITDA for such Fiscal Quarter shall be deemed to be US$223,000,000 and**<u>,</u>** US$238,000,000 **<u>and US$229,000,000</u>**, respectively, in each case, as adjusted (i) on a Pro Forma Basis, as applicable **<u>(other than any adjustment on a Pro Forma Basis for the Transactions)</u>** and (ii) pursuant to <u>clauses (b) (xiii)</u> and <u>(b) (xv)</u> above, as applicable for each Test Period.

"**Consolidated First Lien Debt**" means, at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that (a) constitutes Loan Document Obligations or (b) is secured by a Lien on any Collateral on a pari passu basis (but without regard to control of remedies) with the Loan Document Obligations; <u>provided</u> that "Consolidated First Lien Debt" shall be calculated after applying or excluding (as applicable) the Netted Amounts.

"**Consolidated Interest Expense**" means, with reference to any period, the interest expense whether or not paid in cash of the Parent Guarantor and its Restricted Subsidiaries calculated on a consolidated basis for such period in accordance with GAAP plus, without duplication: (a) imputed interest attributable to any Capital Lease Obligations of the Parent Guarantor and its Restricted Subsidiaries for such period, (b) commissions, discounts and other fees and charges owed by the Parent Guarantor or any of its Restricted Subsidiaries with respect to letters of credit securing financial obligations, bankers' acceptance financing and receivables financings for such period, (c) amortization or write-off of debt discount and debt issuance costs, premium, commissions, discounts and other fees and

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charges associated with Indebtedness of the Parent Guarantor and its Restricted Subsidiaries for such period, (d) cash contributions to any employee stock ownership plan or similar trust made by the Parent Guarantor or any of its Restricted Subsidiaries to the extent such contributions are used by such plan or trust to pay interest or fees to any person (other than the Parent Guarantor or a wholly owned Restricted Subsidiary) in connection with Indebtedness incurred by such plan or trust for such period, (e) all interest paid or payable with respect to discontinued operations of the Parent Guarantor or any of its Restricted Subsidiaries for such period, (f) the interest portion of any deferred payment obligations of the Parent Guarantor or any of its Restricted Subsidiaries for such period, (g) all interest on any Indebtedness of the Parent Guarantor or any of its Restricted Subsidiaries of the type described in <u>clause (e)</u> or <u>(f)</u> of the definition of "Indebtedness" for such period and (h) the interest component of all Attributable Receivables Indebtedness and Attributable Indebtedness of the Parent Guarantor and its Restricted Subsidiaries.

"**Consolidated Net Income**" means, with reference to any period, the net income (or loss) of the Parent Guarantor and its Restricted Subsidiaries calculated in accordance with GAAP on a consolidated basis (without duplication) for such period; <u>provided</u> that, in calculating Consolidated Net Income there shall be excluded**<u>, without duplication,</u>** (a) extraordinary items, (b) the income (or deficit) of any Person accrued prior to the date it becomes a Restricted Subsidiary or is merged into or consolidated with the Parent Guarantor or any of its Restricted Subsidiaries (except to the extent required for any calculation of Consolidated Adjusted EBITDA on a Pro Forma Basis), (c) the income (or deficit) of any Person (other than a Restricted Subsidiary) in which the Parent Guarantor or any of its Restricted Subsidiaries has an ownership interest (including any Unrestricted Subsidiary), except to the extent that any such income is actually received by the Parent Guarantor or such Restricted Subsidiary in the form of dividends or similar distributions, (d) Transaction Costs and any other fees and expenses incurred during such period, or any amortization thereof for such period, in connection with the consummation of any acquisition, Investment, asset disposition, issuance or repayment of Indebtedness (including under this Agreement), purchase, issuance or sale of Capital Stock, refinancing transaction or amendment or other modification of any debt instrument (in each case, including any such transaction undertaken but not completed), (e) any income (loss) for such period attributable to the early extinguishment of Indebtedness or early termination of any Hedge Agreement and (f) the cumulative effect of a change in accounting principles.

"**Consolidated Secured Debt**" means, at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that (a) constitutes Loan Document Obligations or (b) is secured by a Lien on any Collateral; <u>provided</u> that "Consolidated Secured Debt" shall be calculated after applying or netting (as applicable) the Netted Amounts.

"**Consolidated Total Assets**" means, as to any Person, at any date of determination, all amounts that would, in conformity with GAAP, be set forth opposite the caption "total assets" (or any like caption) on a consolidated balance sheet of the applicable Person at such date.

"**Consolidated Total Debt**" means, at any date of determination, the aggregate principal amount of all debt for borrowed money, Indebtedness of represented by notes, bonds and similar instruments), Capital Lease Obligations, purchase money Indebtedness and drawings under letters of credit that have not been reimbursed within three Business Days (but excluding, for the avoidance of doubt, undrawn letters of credit), in each case, of the Parent Guarantor and its Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP; <u>provided</u> that "Consolidated Total Debt", "Consolidated First Lien Debt" and "Consolidated Secured Debt" shall in each case (but without duplication) be calculated (for all purposes hereunder) (i) net of the Unrestricted Cash Amount, (ii) excluding any Indebtedness of such Person if, upon or prior to the maturity thereof, such Person has irrevocably deposited with the proper Person in trust or escrow the necessary funds (or evidences of indebtedness) for the payment, redemption or satisfaction of such Indebtedness, and thereafter such funds (and

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evidences of such indebtedness) so deposited are not included in the calculation of the Unrestricted Cash Amount, (iii) excluding Indebtedness of such Person to the extent that, upon or after the issuance thereof (and only for so long as), such Indebtedness is secured by the cash proceeds thereof and/or other amounts provided by or on behalf of such Person pursuant to an escrow or similar arrangement in an amount sufficient to repay the entire principal amount thereof, and for so long as such Indebtedness is so secured, such cash proceeds and other amounts are not included in the calculation of the Unrestricted Cash Amount, it being understood that this <u>clause (iii)</u> shall not apply for purposes of determining whether such Indebtedness itself is permitted hereunder to be incurred, (iv) excluding obligations under any Derivative Transaction, (v) excluding any Attributable Receivables Indebtedness in respect of any Permitted Receivables Facility that is structured as a purchase or a factoring arrangement (but, for the avoidance of doubt, not as a lending arrangement) and (v**<u>vi</u>**) excluding obligations under any Non-Capital Lease Obligation (<u>items (i)</u> through (v**<u>vi</u>**) of this proviso, the "**Netted Amounts**"). For the avoidance of doubt, Consolidated Total Debt shall be calculated in accordance with GAAP, subject to <u>Sections 1.04(a)(ii)</u> and <u>1.04(a)(iii)</u>.

"**Consolidated Working Capital**" means, as at any date of determination, the excess of Current Assets over Current Liabilities.

"**Consolidated Working Capital Adjustment**" means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period; <u>provided</u> that there shall be excluded (a) the effect of reclassification during such period between current assets and long term assets and current liabilities and long term liabilities (with a corresponding restatement of the prior period to give effect to such reclassification), (b) the effect of any Disposition of any Person, facility or line of business or acquisition of any Person, facility or line of business during such period, (c) the effect of any fluctuations in the amount of accrued and contingent obligations under any Hedge Agreement and (d) the application of purchase or recapitalization accounting.

"**Control**" means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. "**Controlling**" and "**Controlled**" have meanings correlative thereto.

"**Convertible Indebtedness**" means Indebtedness of the Parent Guarantor or any Restricted Subsidiary (which may be guaranteed by the Guarantors or any Restricted Subsidiary) permitted to be incurred hereunder that is either (a) convertible into or exchangeable for Qualified Capital Stock of the Parent Guarantor (and cash in lieu of fractional shares) or cash (in an amount determined by reference to the price of such Qualified Capital Stock or a market measure of such Qualified Capital Stock), or a combination thereof or (b) sold as units with call options, warrants or rights to purchase (or substantially equivalent derivative transactions) that are exercisable for Qualified Capital Stock of the Parent Guarantor or cash (in an amount determined by reference to the price of such Qualified Capital Stock).

"**Copyright**" means all copyrights, rights and interests in copyrights, works protectable by copyright, copyright registrations and copyright applications.

"**CORRA**" means the Canadian Overnight Repo Rate Average administered and published by the Bank of Canada (or a successor administrator).

"**CORRA Administrator**" means the Bank of Canada (or a successor administrator).

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"**Corresponding Tenor**" with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

"**Cost Saving Initiative**" means any operating improvement, restructuring, cost savings or similar initiative (including the effect of arrangements or efficiencies from the shifting of production of one or more products from one manufacturing facility to another).

"**Covered Agreement**" has the meaning assigned to such term in <u>Section 6.03(d)</u>.

"**Credit Extension**" means each of (a) the making of a Loan or (b) the issuance, amendment, modification or extension of any Letter of Credit (other than any such amendment, modification or extension that does not increase the Stated Amount of the relevant Letter of Credit).

"**Credit Facilities**" means the Revolving Facilities and the Term Facilities.

"**Cross Default Trigger**" means, with respect to any Standstill Event of Default, (a) the acceleration of Revolving Loans and/or the Term A Loans or the termination of the Revolving Credit Commitments and/or the Term Loan A Commitments, in each case, as described in <u>Section 7.01(d)</u> or <u>7.01(g)</u>, as applicable, or (b) any other event that, pursuant to the express terms of <u>Section 7.01(g)</u>, results in such Standstill Event of Default constituting an Event of Default with respect to any Term B Loans or Term Loan B Commitments.

"**Current Assets**" means, at any date, all assets of the Parent Guarantor and its Restricted Subsidiaries which under GAAP would be classified as current assets (excluding any (i) cash or Cash Equivalents (including cash and Cash Equivalents held on deposit for third parties by the Parent Guarantor and/or any Restricted Subsidiary), (ii) permitted loans to third parties, (iii) deferred bank fees and derivative financial instruments related to Indebtedness, (iv) the current portion of current and deferred Taxes and (v) assets held for sale or pension assets).

"**Current Liabilities**" means, at any date, all liabilities of the Parent Guarantor and its Restricted Subsidiaries which under GAAP would be classified as current liabilities, other than (i) current maturities of long term debt, (ii) outstanding revolving loans and letter of credit exposure, (iii) accruals of Consolidated Interest Expense (excluding Consolidated Interest Expense that is due and unpaid), (iv) obligations in respect of derivative financial instruments related to Indebtedness, (v) the current portion of current and deferred Taxes, (vi) liabilities in respect of unpaid earnouts, (vii) accruals relating to restructuring reserves, (viii) liabilities in respect of funds of third parties on deposit with the Parent Guarantor and/or any Restricted Subsidiary, (ix) the current portion of any Capital Lease Obligation and the current portion of any Non-Capital Lease Obligation that is otherwise required to be capitalized, (x) any liabilities recorded in connection with stock based awards, partnership interest based awards, awards of profits interests, deferred compensation awards and similar initiative based compensation awards or arrangements and (xi) the current portion of any other long term liability for borrowed money.

"**Cyprium Luxembourg**" has the meaning assigned to such term in the preamble to this Agreement.

"**Cyprium US**" has the meaning assigned to such term in the preamble to this Agreement.

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"**Daily Simple CORRA**" means, for any day (a "**CORRA Rate Day**"), a rate per annum equal to CORRA for the day (such day, "**CORRA Determination Date**") that is five RFR Business Days prior to (a) if such CORRA Rate Day is an RFR Business Day, such CORRA Rate Day or (b) if such CORRA Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such CORRA Rate Day, in each case, as such CORRA is published by the CORRA Administrator on the CORRA Administrator's website. Any change in Daily Simple CORRA due to a change in CORRA shall be effective from and including the effective date of such change in CORRA without notice to any Borrower. If by 5:00 p.m., Toronto time, on any given CORRA Determination Date, CORRA in respect of such CORRA Determination Date has not been published on the CORRA Administrator's website and a Benchmark Replacement Date with respect to the Daily Simple CORRA has not occurred, then CORRA for such CORRA Determination Date will be CORRA as published in respect of the first preceding RFR Business Day for which such CORRA was published on the CORRA Administrator's website, so long as such first preceding RFR Business Day is not more than five Business Days prior to such CORRA Determination Date.

"**Daily Simple CORRA Loan**" means a Loan that bears interest at a rate determined by reference to the Adjusted Daily Simple CORRA.

"**Daily Simple RFR**" means (a) with respect to any RFR Borrowing denominated in Sterling, the Daily Simple SONIA, (b) with respect to any RFR Borrowing denominated in U.S. Dollars (if such Type of Borrowing is applicable pursuant to <u>Section 2.14</u>), the Daily Simple SOFR and (c) with respect to any RFR Borrowing denominated in Canadian Dollars (if such Type of Borrowing is applicable pursuant to <u>Section 2.14</u>), the Adjusted Daily Simple CORRA.

"**Daily Simple SOFR**" means, for any day (a "**SOFR Rate Day**"), a rate per annum equal to SOFR for the day (such day, "**SOFR Determination Date**") that is five RFR Business Days prior to (a) if such SOFR Rate Day is an RFR Business Day, such SOFR Rate Day or (b) if such SOFR Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator's Website; <u>provided</u> that if the Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to any Borrower. If by 5:00 p.m., New York City time, on the second RFR Business Day immediately following any SOFR Determination Date, SOFR in respect of such SOFR Determination Date has not been published on the SOFR Administrator's Website and a Benchmark Replacement Date with respect to the Daily Simple SOFR has not occurred, then SOFR for such SOFR Determination Date will be SOFR as published in respect of the first preceding RFR Business Day for which such SOFR was published on the SOFR Administrator's Website, so long as such first preceding RFR Business Day is not more than five (5) RFR Business Days prior to such SOFR Determination Date.

"**Daily Simple SOFR Loan**" means a Loan that bears interest at a rate determined by reference to the Daily Simple SOFR.

"**Daily Simple SONIA**" means, for any day (a "**SONIA Interest Day**"), a rate per annum equal to the greater of (a) SONIA for the day that is five (5) RFR Business Days prior to (i) if such SONIA Interest Day is an RFR Business Day, such SONIA Interest Day or (ii) if such SONIA Interest Day is not an RFR Business Day, the RFR Business Day immediately preceding such SONIA Interest Day and (b) 0.00%. Any change in Daily Simple SONIA due to a change in SONIA shall be effective from and including the effective date of such change in SONIA without notice to any Borrower.

"**Debtor Relief Laws**" means the Bankruptcy Code and all other liquidation, conservatorship, bankruptcy (including "bankruptcy" as that term is interpreted pursuant to Article 8 of the Interpretation (Jersey) Law 1954), general assignment for the benefit of creditors, moratorium, rearrangement, arrangement, administration, receivership, insolvency, statutory management administration,

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reorganization, corporate arrangement or restructuring or similar debtor relief laws of the U.S. or any other applicable jurisdiction (including any Obligor Jurisdiction) from time to time in effect and affecting the rights of creditors generally, including (a) Book III (*Livre III*) of the Luxembourg Commercial Code, the Luxembourg law dated 10 August 1915 on commercial companies, as amended from time to time, related to winding-up and liquidation, the Luxembourg law dated 28 October 2022 on the procedure of administrative dissolution without liquidation and the Luxembourg Bankruptcy Modernization Law, (b) the Mexican Bankruptcy Law (*Ley de Concursos Mercantiles*), (c) the Polish Insolvency Law and the Polish Restructuring Law and (d) the Swiss Federal Act on Debt Collection and Bankruptcy (*SchKG*), including any applicable restructuring or settlement procedures thereunder.

"**Declined Proceeds**" has the meaning assigned to such term in <u>Section 2.11(b)(v)</u>.

"**Default**" means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would become an Event of Default.

"**Defaulting Lender**" means any Lender that has (a) defaulted in its obligations under this Agreement, including, without limitation, to make a Loan within two Business Days of the date required to be made by it hereunder or to fund its participation in a Letter of Credit required to be funded by it hereunder within two Business Days of the date such obligation arose or such Loan or Letter of Credit was required to be made or funded (unless, solely in the case of an obligation to make a Loan, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender's good faith determination that a condition precedent to funding (which condition precedent, together with any applicable Default, shall be specifically identified in such writing) has not been satisfied), (b) notified the Administrative Agent, any Issuing Bank or any Loan Party in writing that it does not intend to satisfy any such obligation or has made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement or under agreements in which it commits to extend credit generally (unless such writing or public statement relates to such Lender's obligation to fund a Loan hereunder and states that such position is based on such Lender's good faith determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) failed, within two Business Days after the request of the Administrative Agent or the Parent Guarantor, to confirm in writing that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans and participations in then outstanding Letters of Credit; <u>provided</u> that such Lender shall cease to be a Defaulting Lender pursuant to this <u>clause (c)</u> upon receipt of such written confirmation by the Administrative Agent and the Parent Guarantor, (d) become (or any parent company thereof has become) insolvent or been determined by any Governmental Authority having regulatory authority over such Person or its assets, to be insolvent, or the assets or management of which has been taken over by any Governmental Authority, (e) become (or any parent company thereof has become) the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or custodian, appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in, any such proceeding or appointment, unless in the case of any Lender subject to this <u>clause (e)</u>, the Parent Guarantor and the Administrative Agent shall each have determined that such Lender intends, and has all approvals required to enable it (in form and substance satisfactory to the Parent Guarantor and the Administrative Agent), to continue to perform its obligations as a Lender hereunder or (f) become (or any parent company thereof has become) the subject of a Bail-In Action; <u>provided</u> that no Lender shall be deemed to be a Defaulting Lender solely by virtue of the ownership of any Capital Stock in such Lender or its parent company by any Governmental Authority; <u>provided</u>, <u>further</u>, that such ownership does not result in or provide such Lender with immunity from the jurisdiction of courts within the U.S. or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contract or agreement to which such Lender is a party.

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"**Derivative Transaction**" means (a) any interest-rate transaction, including any interest-rate swap, basis swap, forward rate agreement, interest rate option (including a cap, collar or floor), and any other instrument linked to interest rates that gives rise to similar credit risks (including when-issued securities and forward deposits accepted), (b) any exchange-rate transaction, including any cross-currency interest-rate swap, any forward foreign-exchange contract, any currency option, and any other instrument linked to exchange rates that gives rise to similar credit risks, (c) any equity derivative transaction, including any equity-linked swap, any equity-linked option, any forward equity-linked contract, and any other instrument linked to equities that gives rise to similar credit risk and (d) any commodity (including precious metal) derivative transaction, including any commodity-linked swap, any commodity-linked option, any forward commodity-linked contract, and any other instrument linked to commodities that gives rise to similar credit risks; <u>provided</u>, that (i) no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees, members of management, managers or consultants of the Parent Guarantor or its subsidiaries shall constitute a Derivative Transaction and (ii) no Packaged Right, Permitted Bond Hedge Transaction or Permitted Warrant Transaction shall, in each case, constitute a Derivative Transaction.

"**Designated Non-Cash Consideration**" means the fair market value (as determined by the Parent Guarantor in good faith) of non-Cash consideration received by the Parent Guarantor or any Restricted Subsidiary in connection with any Disposition pursuant to <u>Section 6.06(h)</u> that is designated as Designated Non-Cash Consideration (which amount will be reduced by the amount of Cash or Cash Equivalents received in connection with a subsequent sale or conversion of such Designated Non-Cash Consideration to Cash or Cash Equivalents).

"**Disposition**" or "**Dispose**" means the sale, lease, sublease or other disposition of any property of any Person. The fair market value of any assets or other property Disposed of shall be determined by the Parent Guarantor in good faith and may be measured at the time provided for in <u>Section 1.04(d)</u>.

"**Disqualified Capital Stock**" means any Capital Stock which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable (other than for Qualified Capital Stock), pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than for Qualified Capital Stock), in whole or in part, prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued (it being understood that if any such redemption is in part, only such part coming into effect prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued shall constitute Disqualified Capital Stock), (b) is or becomes convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii) any Capital Stock that would constitute Disqualified Capital Stock, in each case at any time prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued (it being understood that if any such conversion or exchange is in part, only such part coming into effect prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued shall constitute Disqualified Capital Stock), (c) contains any mandatory repurchase obligation or any other repurchase obligation at the option of the holder thereof (other than for Qualified Capital Stock), in whole or in part, which may come into effect prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued (it being understood that if any such repurchase obligation is in part, only such part coming into effect prior to 91 days following such Latest Maturity Date at the time such Capital Stock is issued shall constitute Disqualified Capital Stock) or (d) provides for the scheduled payments of dividends in Cash prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued; <u>provided</u> that any Capital Stock that would not constitute

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Disqualified Capital Stock but for provisions thereof giving holders thereof (or the holders of any security into or for which such Capital Stock is convertible, exchangeable or exercisable) the right to require the issuer thereof to redeem such Capital Stock upon the occurrence of any change of control, public offering or any Disposition occurring prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued shall not constitute Disqualified Capital Stock if such Capital Stock provides that the issuer thereof will not redeem any such Capital Stock pursuant to such provisions prior to the Termination Date.

Notwithstanding the preceding sentence, (A) if such Capital Stock is issued pursuant to any plan for the benefit of directors, officers, employees, members of management, managers or consultants or by any such plan to such directors, officers, employees, members of management, managers or consultants, in each case in the ordinary course of business of the Parent Guarantor or any Restricted Subsidiary, such Capital Stock shall not constitute Disqualified Capital Stock solely because it may be required to be repurchased by the issuer thereof in order to satisfy applicable statutory or regulatory obligations and (B) no Capital Stock held by any Permitted Payee shall be considered Disqualified Capital Stock because such stock is redeemable or subject to repurchase pursuant to any management equity subscription agreement, stock option, stock appreciation right or other stock award agreement, stock ownership plan, put agreement, stockholder agreement or similar agreement that may be in effect from time to time.

"**Disqualified Institution**" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i) any Person identified as such in writing to the Arrangers on or prior to the Effective Date by way of list from the Parent Guarantor (or its attorneys), (ii) any Affiliate of any Person described in <u>clause (i)</u> above that is reasonably identifiable as an Affiliate of such Person solely on the basis of such Affiliate's name and (iii) any other Affiliate of any Person described in <u>clause (i)</u> above that is identified by the Parent Guarantor (or its attorneys) in a written notice to the Arrangers (if prior to the Effective Date) or upon three Business Days prior written notice to the Administrative Agent (if after the Effective Date) (other than Bona Fide Debt Funds other than such Bona Fide Debt Funds excluded pursuant to <u>clause (i)</u> above) (each such Person described in <u>clauses (i)</u> through <u>(iii)</u> above, a "**Disqualified Lending Institution**"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i) any Person that is or becomes a Company Competitor and/or any Affiliate of any Company Competitor (other than any Affiliate that is a Bona Fide Debt Fund) and, in each case, is identified by the Parent Guarantor (or its attorneys) as such in writing to the Arrangers (if prior to the Effective Date) or upon three Business Days prior written notice to the Administrative Agent (if after the Effective Date), (ii) any Affiliate of any Person described in <u>clause (i)</u> above (other than any Affiliate that is a Bona Fide Debt Fund) that is reasonably identifiable as an Affiliate of such Person solely on the basis of such Affiliate's name and (iii) any other Affiliate of any Person described in <u>clause (i)</u> above that is identified by the Parent Guarantor (or its attorneys) in a written notice to the Arrangers (if prior to the Effective Date) or upon three Business Days prior written notice to the Administrative Agent (if after the Effective Date) (it being understood and agreed that no Bona Fide Debt Fund may be designated as a Disqualified Institution pursuant to this <u>clause (iii)</u>, but such Bona Fide Debt Fund may be designated as a Disqualified Lending Institution pursuant to <u>clause (a)</u> above);

it being understood and agreed that (i) no written notice delivered pursuant to <u>clauses (a)(iii)</u>, <u>(b)(i)</u> and/or <u>(b)(iii)</u> above shall apply retroactively to disqualify any Persons that have entered into a trade to acquire or any Person that has previously acquired an assignment or participation interest in any Loans or Commitments if such Person was not a Disqualified Institution at the time of such assignment or granting of such participation interest, (ii) any written notice delivered pursuant to <u>clauses (a)(iii)</u>, <u>(b)(i)</u> and/or <u>(b)(iii)</u> above shall be sent to the following email address at the Administrative Agent in order to be deemed received or effective: JPMDQ_Contact@jpmorgan.com and (iii) any written notice delivered

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pursuant to <u>clauses (a)(iii)</u>, <u>(b)(i)</u> and/or <u>(b)(iii)</u> above shall not be effective until at least three Business Days following receipt by the Administrative Agent (and if disclosure to the Lenders is permitted, until at least three Business Days following disclosure to the Lenders). Notwithstanding the foregoing, the Parent Guarantor may, in respect of any assignment or participation, consent in writing to such assignment or participation being an assignment or participation to a Person that would otherwise be a Disqualified Institution (<u>provided</u> such writing includes a statement that the Parent Guarantor is aware such Person would otherwise be a Disqualified Institution), in which case such Person shall not be a Disqualified Institution for purposes of such assignment or participation.

"**Disqualified Lending Institution**" has the meaning assigned to such term in the definition of "Disqualified Institution".

"**Disqualified Person**" has the meaning assigned to such term in <u>Section 9.05(f)</u>.

"**Documentation Agent**" means any Person appointed as such in connection with the Credit Facilities, including the Persons listed in such capacity on the cover of this Agreement.

"**Domestic Collateral Agent**" means JPMorgan, in its capacity as a collateral agent hereunder and under the Collateral Documents (other than the Foreign Collateral Documents), or any successor thereto appointed in accordance with <u>Article 8</u>. Unless the context requires otherwise, the term "Domestic Collateral Agent" shall include any branch or Affiliate of JPMorgan that it shall have designated for the purpose of performing any of its obligations hereunder or under the other Loan Documents in such capacity.

"**Domestic Loan Party**" means any Loan Party that is not a Foreign Loan Party.

"**ECF Deductions**" has the meaning assigned to such term in <u>Section 2.11(b)(i)</u>.

"**ECF Prepayment Amount**" has the meaning assigned to such term in <u>Section 2.11(b)(i)</u>.

**<u>"EDS Business" means the</u>**  **<u>Electrical Distribution Systems business of Aptiv and its Subsidiaries</u>** **<u>.</u>**

**<u>"EDS Subsidiary" means any Subsidiary of Aptiv that owns any properties or assets, conducts any operations, or holds any liabilities, comprising the EDS Business.</u>** 

"**EEA Financial Institution**" means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in <u>clause (a)</u> of this definition or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in <u>clauses (a)</u> or <u>(b)</u> of this definition and is subject to consolidated supervision with its parent.

"**EEA Member Country**" means any of the member states of the European Union, Iceland, Liechtenstein and Norway.

"**EEA Resolution Authority**" means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

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"**Effective Date**" means the first date on which the conditions specified in <u>Section 4.01</u> are satisfied. **<u>It is acknowledged that the Effective Date occurred on November 26, 2025.</u>** 

"**Electronic Signature**" means an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record.

"**Eligible Assignee**" means (a) any Lender, (b) any commercial bank, insurance company, finance company, financial institution, any fund that invests in loans or any other "accredited investor" (as defined in Regulation D of the Securities Act), (c) any Affiliate of any Lender, (d) any Approved Fund of any Lender or (e) to the extent permitted under <u>Section 9.05(g)</u>, the Parent Guarantor or any Restricted Subsidiary; <u>provided</u> that, in any event, "Eligible Assignee" shall not include (i) any natural person, or a holding company, investment vehicle or trust for, or owned and operated by or for the primary benefit of, a natural person, (ii) any Disqualified Institution or Defaulting Lender or (iii) except as permitted under <u>Section 9.05(g)</u>, the Parent Guarantor or any of its Affiliates.

"**Employee Benefit Plan**" means any "employee benefit plan" as defined in Section 3(3) of ERISA (regardless of whether such plan is subject to ERISA) which is sponsored, maintained or contributed to by, or required to be contributed to by, the Parent Guarantor or any of its Restricted Subsidiaries.

"**Environmental Laws**" means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by any Governmental Authority, imposing liability or standards of conduct concerning protection of the environment, preservation or reclamation of natural resources, the management, release or threatened release of any hazardous material or the effect of any hazardous materials or the environment on health and safety matters.

"**Environmental Liability**" means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

"**ERISA**" means the Employee Retirement Income Security Act of 1974.

"**ERISA Affiliate**" means any trade or business (whether or not incorporated) that is (a) a member of a controlled group of corporations within the meaning of Section 414(b) of the Code with the Parent Guarantor or any of its Restricted Subsidiaries, (b) a member of a group of trades or businesses under common control within the meaning of Section 414(c) of the Code with the Parent Guarantor or any of its Restricted Subsidiaries or (c) for purposes of provisions relating to Section 302 of ERISA or Section 412 of the Code, treated as a "single employer" with the Parent Guarantor or any of its Restricted Subsidiaries under Section 414(m) or (o) of the Code.

"**ERISA Event**" means (a) a "reportable event" within the meaning of Section 4043 of ERISA and the regulations issued thereunder with respect to any Pension Plan (excluding those for which the 30-day notice period has been waived), (b) the failure of any Pension Plan to satisfy a minimum funding standard under Section 412 of the Code, (c) the filing of any request for, or receipt of, a minimum funding waiver under Section 412 of the Code with respect to any Pension Plan, (d) the provision by the

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administrator of any Pension Plan pursuant to Section 4041(a)(2) or Section 302 of ERISA of a notice of intent to terminate such plan in a distress termination described in Section 4041(c) of ERISA, (e) the withdrawal by the Parent Guarantor, any of its Restricted Subsidiaries or any ERISA Affiliate from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan resulting in liability to the Parent Guarantor or any of its Restricted Subsidiaries or ERISA Affiliates pursuant to Section 4063 or 4064 of ERISA, (f) the institution by the PBGC of proceedings to terminate any Pension Plan, (g) the imposition of liability on the Parent Guarantor, any of its Restricted Subsidiaries or any ERISA Affiliate pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA, (h) a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) of the Parent Guarantor, any of its Restricted Subsidiaries or any ERISA Affiliate from any Multiemployer Plan if there is any potential liability under Title IV of ERISA for Parent Guarantor or any of its Restricted Subsidiaries, (i) the receipt by the Parent Guarantor, any of its Restricted Subsidiaries or any ERISA Affiliate of notice from any Multiemployer Plan that it is insolvent pursuant to Section 4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA, (j) the incurrence of liability or the imposition of a Lien pursuant to Section 436 or 430(k) of the Code or pursuant to Title IV of ERISA with respect to any Pension Plan or (k) the imposition of any liability under Title IV of ERISA, other than PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Parent Guarantor or any of its Restricted Subsidiaries.

"**EU Bail-In Legislation Schedule**" means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.

"**EU Insolvency Regulation**" means Regulation (EU) 2015/848 of 20 May 2015 on insolvency proceedings (recast), as amended from time to time**.** 

"**EURIBOR**" means, with respect to any Term Benchmark Borrowing denominated in Euros and for any Interest Period, the EURIBOR Screen Rate at approximately 11:00 a.m., Brussels time, two TARGET Days prior to the commencement of such Interest Period.

"**EURIBOR Loan**" means a Loan that bears interest at a rate determined by reference to the Adjusted EURIBOR.

"**EURIBOR Screen Rate**" means the euro interbank offered rate administered by the European Money Markets Institute (or any other Person which takes over the administration of that rate) for the relevant period displayed (before any correction, recalculation or republication by the administrator) on page EURIBOR01 of the Reuters screen (or any replacement Reuters page which displays that rate) or, if such screen or service ceases to be available, on the appropriate screen of such other information service as the Administrative Agent may specify after consultation with the Administrative Borrower.

"**Euro**" or "**€**" means the single currency of the European Union as constituted by the Treaty on European Union.

"**Event of Default**" has the meaning assigned to such term in <u>Section 7.01</u>.

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"**Excess Cash Flow**" means, for any Fiscal Year, an amount (if positive) equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the sum, without duplication, of the following for such Fiscal Year:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Consolidated Adjusted EBITDA for such Fiscal Year, determined (A) without giving effect to <u>clause (b)(xiii)</u> or the penultimate paragraph of the definition thereof and (B) excluding therefrom (x) net income of any consolidated Restricted Subsidiary of the Parent Guarantor that is not a Wholly-Owned Subsidiary to the extent such income is attributable to the non-controlling interest in such consolidated Restricted Subsidiary and (y) the amounts included pursuant to <u>clause (c)</u> of the definition of Consolidated Net Income in respect of any Person that is not the Parent Guarantor or a Restricted Subsidiary; <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the aggregate amount of all non-Cash Charges deducted (and not already added back) in arriving at Consolidated Adjusted EBITDA for such Fiscal Year, including any such Charges added back under <u>clauses (b)(iii)</u> and <u>(b)(iv)</u> of the definition of Consolidated Adjusted EBITDA, but excluding any non-cash Charges representing an accrual or reserve for potential Cash items in any future period and excluding amortization of all prepaid Cash items that were paid (or required to have been paid) in a prior period; <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the Consolidated Working Capital Adjustment for such period, <u>minus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the sum, without duplication, of the following for such Fiscal Year:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the aggregate principal amount of (A) all optional prepayments of, or other Cash payments to reduce the outstanding principal amount of, Indebtedness made by the Parent Guarantor or its Restricted Subsidiaries during such Fiscal Year (other than (1) any optional prepayment of, or other Cash payments to reduce the outstanding principal amount of, Indebtedness to the extent deducted in calculating the amount of any Excess Cash Flow payment in accordance with <u>Section 2.11(b)(i)</u> or (2) any optional prepayment of, or other Cash payments to reduce the outstanding principal amount of, revolving Indebtedness except to the extent any related commitment is permanently reduced in connection with such prepayment or reduction), (B) all mandatory prepayments and scheduled repayments of Indebtedness made by the Parent Guarantor or its Restricted Subsidiaries during such Fiscal Year (in the case of any such mandatory prepayment on account of any net proceeds received in respect of any Disposition or any Casualty/Condemnation Event, only to the extent such net proceeds increased the Consolidated Adjusted EBITDA for such Fiscal Year) and (C) the aggregate amount of any premiums, make-whole or penalty payments actually paid in Cash by the Parent Guarantor or its Restricted Subsidiaries that are or were required to be made in connection with any prepayment of Indebtedness, in each case, except to the extent financed with long-term funded Indebtedness (other than revolving Indebtedness), <u>plus</u>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the aggregate amount of (A) all Charges either excluded in calculating Consolidated Net Income for such Fiscal Year or added back in calculating Consolidated Adjusted EBITDA for such Fiscal Year, in each case, to the extent such Charges are paid or payable in Cash by the Parent Guarantor or its Restricted Subsidiaries, including any such Charges added back under <u>clauses (b)(i)</u> and <u>(b)(ii)</u> of the definition of Consolidated Adjusted EBITDA, and (B) all non-Cash gains, credits and items of income included in arriving at Consolidated Adjusted EBITDA for such Fiscal Year; <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to the extent not deducted in arriving at Consolidated Adjusted EBITDA for such Fiscal Year, any foreign transactional or translation losses paid or payable in Cash during such Fiscal Year by the Parent Guarantor or its Restricted Subsidiaries (including any currency re-measurement of Indebtedness, any net gain or loss resulting from Hedge Agreements for currency exchange risk resulting from any intercompany Indebtedness, any foreign currency translation or transaction or any other currency-related risk), <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the amount, if any, which, in the determination of such Consolidated Adjusted EBITDA for such Fiscal Year, has been included in respect of income or gain from any Disposition outside of the ordinary course of business or any Casualty/Condemnation Event; <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Cash payments (other than in respect of Taxes, which are governed by <u>clause (ii)</u> above) made during such Fiscal Year by the Parent Guarantor or its Restricted Subsidiaries for any liability the accrual of which in a prior period did not reduce Consolidated Adjusted EBITDA and therefore increased Excess Cash Flow in such prior period (<u>provided</u> there was no other deduction to Consolidated Adjusted EBITDA or Excess Cash Flow related to such payment), except to the extent financed with long term funded Indebtedness (other than revolving Indebtedness), <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) amounts paid in Cash by the Parent Guarantor or its Restricted Subsidiaries (except to the extent financed with long term funded Indebtedness (other than revolving Indebtedness)) during such Fiscal Year on account of (A) items that were accounted for as non-Cash Charges deducted in arriving at Consolidated Adjusted EBITDA in a prior period and (B) reserves or amounts established in purchase accounting to the extent such reserves or amounts are added back to, or not deducted from, in arriving at Consolidated Adjusted EBITDA, <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) the amount of any payment of Cash made during such Fiscal Year by the Parent Guarantor or its Restricted Subsidiaries to be amortized or expensed over a future period and recorded as a long-term asset, except to the extent financed with long term funded Indebtedness (other than revolving Indebtedness), <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) to the extent not deducted in arriving at Consolidated Adjusted EBITDA for such Fiscal Year, the amount of any Tax obligation of the Parent Guarantor and/or any Restricted Subsidiary that is estimated in good faith by the Parent Guarantor as due and payable (but is not currently due and payable) by the Parent Guarantor and/or any Restricted Subsidiary as a result of the repatriation of any dividend or similar distribution of net income of any Foreign Subsidiary to the Parent Guarantor and/or any Restricted Subsidiary, <u>plus</u>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) to the extent not deducted in arriving at Consolidated Adjusted EBITDA for such Fiscal Year, Cash payments made by the Parent Guarantor or its Restricted Subsidiaries during such Fiscal Year in respect of any Restricted Payments set forth in <u>Sections 6.04(a)(ii)</u>, <u>6.04(a)(v)</u>, <u>6.04(a)(viii)</u> and/or <u>6.04(a)(x)</u> or any distributions, dividends or other similar payments made to the holders of any minority interest in any Restricted Subsidiary, in each case, except to the extent financed with long term funded Indebtedness (other than revolving Indebtedness); <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) to the extent not deducted in arriving at Consolidated Adjusted EBITDA for such Fiscal Year, the aggregate amount of any extraordinary, exceptional, unusual, special or non-recurring cash Charges paid or payable during such period (whether or not incurred in such Fiscal Year); <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) all Cash payments made by the Parent Guarantor or its Restricted Subsidiaries during such Fiscal Year in respect of Capital Expenditures and all Cash payments made by the Parent Guarantor or its Restricted Subsidiaries in such Fiscal Year to acquire IP Rights, in each case, except to the extent financed with long term funded Indebtedness (other than revolving Indebtedness); <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) Cash payments made by the Parent Guarantor or its Restricted Subsidiaries during such Fiscal Year in respect of any Investment (including acquisitions) permitted by <u>Section 6.05</u> (other than Investments (x) in Cash or Cash Equivalents or (y) in the Parent Guarantor or any Restricted Subsidiary), in each case, except to the extent financed with long term funded Indebtedness (other than revolving Indebtedness); <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) the aggregate consideration (A) required to be paid in Cash by the Parent Guarantor or its Restricted Subsidiaries pursuant to binding contracts entered into prior to or during such Fiscal Year relating to Capital Expenditures, acquisitions or other Investments permitted by <u>Section 6.05</u> (other than Investments (x) in Cash or Cash Equivalents or (y) in the Parent Guarantor or any Restricted Subsidiary) and/or Restricted Payments described in <u>clause (ix)</u> above and/or (B) otherwise committed or budgeted to be made in connection with Capital Expenditures, acquisitions or other Investments and/or Restricted Payments described in <u>clause (A)</u> above (<u>clauses (A)</u> and <u>(B)</u> of this <u>clause (xiii)</u>, the "**Scheduled Consideration**"), in each case, to be consummated or made by the Parent Guarantor or its Restricted Subsidiaries during the period of four consecutive Fiscal Quarters following the end of such Fiscal Year; <u>provided</u> that (I) to the extent the aggregate amount actually utilized to finance such Capital Expenditures, acquisitions, Investments or Restricted Payments during such subsequent period of four consecutive Fiscal Quarters is less than the Scheduled Consideration, the amount of the resulting shortfall shall be added to the calculation of Excess Cash Flow at the end of such subsequent period of four consecutive Fiscal Quarters and (II) if any amounts are deducted from Excess Cash Flow pursuant to this <u>clause (xiii)</u> in any Fiscal Year, not duplicative deduction shall be made in any subsequent Fiscal Year under this or any other clause of this definition; <u>plus</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) to the extent not deducted in arriving at Consolidated Adjusted EBITDA for such Fiscal Year, Cash expenditures in respect of any Hedge Agreement made during such Fiscal Year by the Parent Guarantor or its Restricted Subsidiaries; <u>plus</u>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) to the extent not deducted in arriving at Consolidated Adjusted EBITDA for such Fiscal Year, the aggregate amount of expenditures actually made during such Fiscal Year by the Parent Guarantor and/or any Restricted Subsidiary in Cash (including any expenditure for the payment of fees or other Charges (or any amortization thereof for such period) in connection with any Disposition, incurrence or repayment of Indebtedness, issuance of Capital Stock, refinancing transaction, amendment or modification of any debt instrument, including this Agreement, and including, in each case, any such transaction consummated prior to, on or after the Availability Date, and Charges incurred in connection therewith, whether or not such transaction was successful).

"**Exchange Act**" means the Securities Exchange Act of 1934 and the rules and regulations of the SEC promulgated thereunder.

"**Exchange Rate**" means, on any day, for purposes of determining the U.S. Dollar Equivalent of any currency other than U.S. Dollars, the rate at which such other currency may be exchanged into U.S. Dollars or, for purposes of determining the U.S. Dollar Equivalent for purposes of <u>Sections 2.05(d)</u>, <u>2.05(e)</u> and <u>2.05(l)</u>, at which U.S. Dollars may be exchanged into such other currency, as applicable, in each case, at the time of determination on such day as last provided (either by publication or as may otherwise be provided to the Administrative Agent) by the applicable Reuters source on the Business Day (determined based on New York City time) immediately preceding such day of determination (or, if a Reuters source ceases to be available or Reuters ceases to provide such rate of exchange, as last provided by such other publicly available information service that provides such rate of exchange at such time as shall be selected by the Administrative Agent from time to time in its reasonable discretion). Notwithstanding the foregoing provisions of this definition or the definition of "U.S. Dollar Equivalent", each Issuing Bank may, solely for purposes of computing the fronting fees owed to it under <u>Section 2.12(b)</u>, compute the U.S. Dollar amounts of the LC Exposures attributable to Letters of Credit issued by it and denominated in Alternative LC Currencies by reference to exchange rates determined using any reasonable method customarily employed by it for such purpose.

"**Excluded Account**" means, with respect to any Loan Party, (a) any Excluded Cash Pooling Account and (b) any "Excluded Account" (or similar term) as defined in any Collateral Document to the extent applicable to such Loan Party.

"**Excluded Assets**" means each of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any lease, license, contract or agreement to which any Loan Party is a party, and any of its rights or interest thereunder (or, with respect to <u>clause (i)</u>, any other asset), if and to the extent that a security interest therein is prohibited by or in violation of (or, with respect to <u>clause (ii)</u>, would result in a loss by the Parent Guarantor or any Restricted Subsidiary of material rights under) (i) any law, rule or regulation applicable to such Loan Party, or (ii) a term, provision or condition of any such lease, license, contract or agreement (unless such law, rule, regulation, term, provision or condition would be rendered ineffective with respect to the creation of the security interest hereunder pursuant to Section 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy Code or principles of equity)**<u>)</u>**; <u>provided</u>, <u>however</u>, that the Collateral shall include (and such security interest shall attach) immediately at such time as the contractual or legal prohibition (or condition causing such prohibition, violation or loss of right) shall no longer be applicable and to the extent severable, shall attach immediately to any portion of such lease, license, contract, agreement or other asset not subject to the prohibitions, violation or loss of right specified in <u>clause (i)</u> or <u>(ii)</u> above;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any Excluded Securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any "intent-to-use" application for registration of a Trademark filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, prior to the filing of a "Statement of Use" pursuant to Section 1(d) of the Lanham Act or an "Amendment to Allege Use" pursuant to Section 1(c) of the Lanham Act with respect thereto, to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of any registration that issues from such intent-to-use application under applicable U.S. federal law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any motor vehicles and any other asset subject to certificates of title (unless any such property or assets are pledged as collateral in respect of any Incremental Equivalent Debt) to the extent that a Lien thereon cannot be perfected by the filing of "all assets" financing statements or similar filings under the UCC or any other equivalent law in the applicable Loan Party's jurisdiction of organization or, if applicable, where such asset is situated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) any Letter-of-Credit Rights (other than any Letter-of-Credit Rights constituting a Supporting Obligation (as defined in the UCC) for a receivable or other Collateral in which any Collateral Agent has a valid and perfected security interest) to the extent that a Lien thereon cannot be perfected by the filing of "all assets" financing statements or similar filings under the UCC or any other equivalent law in the applicable Loan Party's jurisdiction of organization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Excluded Accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any assets owned by any Loan Party on the date Availability Date or thereafter acquired and any proceeds thereof (or related assets) that are subject to a Lien securing Capital Lease Obligations, purchase money Indebtedness or other Indebtedness incurred to finance the acquisition of such assets permitted to be incurred pursuant to this Agreement to the extent and for so long as the contract or other agreement in which such Lien is granted (or the documentation providing for applicable Capital Lease Obligation or purchase money Indebtedness) validly prohibits the creation of any other Lien on such assets and proceeds in a manner permitted by <u>Section 6.03</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) any property or assets in circumstances where the cost, burden, difficulty or consequences (including adverse tax consequences) of obtaining or perfecting a security interest in such property or assets (including on account of any need to obtain consents or approvals, and the effect of the ability of the relevant Loan Party to conduct its operations and business in the ordinary course), as determined in good faith by the Parent Guarantor and the Administrative Agent in writing (which may be via email), outweighs, or would be excessive in relation to, the practical benefits to the Lenders afforded thereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any property constituting aircraft, aircraft engines, satellites, ships or railroad rolling stock (unless any such property or assets are pledged as collateral in respect of any Incremental Equivalent Debt) to the extent that a Lien thereon cannot be perfected by the filing of "all assets" financing statements or similar filings under the UCC or any other equivalent law in the applicable Loan Party's jurisdiction of organization or, if applicable, where such asset is situated;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) (i) any real property or real property interest that is not a Material Real Estate Asset and (ii) any Flood Hazard Property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) any governmental or regulatory license or state, provincial, municipal or local franchise, charter, consent, permit or authorization to the extent the granting of a security interest therein is prohibited or restricted thereby or by applicable law; <u>provided</u>, <u>however</u>, that any such asset will only constitute an Excluded Asset under this <u>clause (k)</u> to the extent such prohibition or restriction would not be rendered ineffective pursuant to applicable anti-assignment provisions of the UCC of any relevant jurisdiction or other similar applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) any asset or property (including Capital Stock) the grant or perfection of a security interest in which would result in material adverse tax consequences to the Parent Guarantor or its Restricted Subsidiaries, as reasonably determined by the Parent Guarantor and advised to the Administrative Agent in writing; <u>provided</u> that this <u>clause (l)</u>, as related<u>**it relates**</u> to material adverse tax consequences, shall not apply to any asset or property that is owned by the Parent Guarantor or any of its Subsidiaries on the Availability Date and that is not an Excluded Asset on the Availability Date (determined without regard to this <u>clause (l)</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Permitted Receivables Facility Assets (or interests therein) (including, without limitation, any trade receivables held by the Parent Guarantor and/or any Restricted Subsidiary) sold or otherwise transferred to a Receivables Entity or otherwise pledged, transferred or sold, in each case, in connection with a Permitted Receivables Facility; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) any Commercial Tort Claim <u>**(as defined in the UCC)**</u> involving a claim of less than US$25,000,000 (as determined in good faith by the Parent Guarantor);

<u>provided</u> that (i) the term "Excluded Assets" shall not include (A) Capital Stock of any Borrower or (B) proceeds or receivables arising out of any asset described in clauses (a) through (n) above unless such proceeds or receivables would independently constitute an Excluded Asset and (ii) no "Excluded Asset" shall be excluded from any "floating charge" or a similar security interest where such exclusion is materially adverse to the ability of the applicable Collateral Agent to enforce its rights or remedies with respect thereto (including its ability to appoint an administrator, receiver and/or manager under or pursuant to any Collateral Document), except as expressly provided in the applicable Collateral Document creating such security interest and, for the avoidance of doubt, without prejudice to Section 8.12.

"**Excluded Cash Pooling Account**" means any deposit account maintained by the Parent Guarantor or its Restricted Subsidiaries with Citibank, N.A. or its branches or Affiliates or any other commercial bank (each, a "**Cash Pooling Bank**") as part of the cash pooling arrangements of the Parent Guarantor and its Restricted Subsidiaries in the ordinary course of business; <u>provided</u> that (a) the assets credited thereto are transferred, on a regular basis, to one or more deposit accounts or securities accounts that are not "Excluded Cash Pooling Accounts" and (b) the aggregate amount of assets credited thereto does not, at the close of business on any Business Day, exceed the greater of US$25,000,000 (or its equivalent in any other currency) and 3% of Consolidated Adjusted EBITDA for the most recently ended Test Period, except for any such excess that is eliminated within two Business Days.

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violate any joint venture agreement, Organizational Document, shareholders agreement or equivalent agreement relating to such Joint Venture or non-Wholly-Owned Subsidiary; <u>provided</u> that Capital Stock in Subsidiaries of the Parent Guarantor the minority interest in which is held by management, directors or employees of the Parent Guarantor or its Subsidiaries or consists of rolled-over equity shall not be considered Excluded Securities, (c) any Capital Stock the pledge of which in support of the Loan Document Obligations is prohibited by applicable law, (d) the Capital Stock of any Captive Insurance Subsidiary, Unrestricted Subsidiary, broker-dealer subsidiary, not-for-profit subsidiary or special purpose entity (including any Receivables Entity), (e) any Margin Stock and (f) any Capital Stock that would otherwise be an Excluded Asset. Notwithstanding the foregoing, in no event shall the Capital Stock of a Borrower constitute an Excluded Security.

"**Excluded Subsidiary**" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any Restricted Subsidiary that is not a Wholly-Owned Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any Immaterial Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any Restricted Subsidiary that (i) is prohibited or restricted by (A) any applicable law, rule or regulation from providing a Loan Guarantee or (B) any contractual obligation existing on the Availability Date or at the time such Restricted Subsidiary becomes a Subsidiary (and, in each case, which contractual obligations is not entered into expressly in contemplation of such Restricted Subsidiary becoming a Subsidiary and cannot be waived by the Parent Guarantor or a Subsidiary) from providing a Loan Guarantee or (ii) would require a governmental (including regulatory) consent, approval, license or authorization to provide a Loan Guarantee (including under any financial assistance, corporate benefit, thin capitalization, capital maintenance, liquidity maintenance or similar legal principles) unless such consent has been received, it being understood that, except as provided in the Agreed Security Principles, the Parent Guarantor and its Subsidiaries shall have no obligation to obtain any such consent, approval, license or authorization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any not-for-profit subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) any Captive Insurance Subsidiary or any subsidiary that is a broker-dealer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any special purpose entity (including any Receivables Entity);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any Foreign Subsidiary (other than any Subsidiary organized under the laws of any Obligor Jurisdiction);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) any Specified CFC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (i) any Specified CFC Holdco and (ii) any U.S. Subsidiary that is a Subsidiary of any Specified CFC or Specified CFC Holdco;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) any Unrestricted Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) any Subsidiary acquired after the Availability<u>**Spin-Off Effective**</u> Date pursuant to a Permitted Acquisition or other Investment permitted by this Agreement that is an obligor under pre-existing Indebtedness permitted by <u>Section 6.01</u> and not incurred in contemplation of such Permitted Acquisition or other Investment and any Restricted Subsidiary thereof that guarantees such Indebtedness, in each case to the extent the terms of such Indebtedness prohibit such Subsidiary from providing a Loan Guarantee;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) any Restricted Subsidiary if the provision of a Loan Guarantee would be reasonably likely to result in materially adverse tax or regulatory consequences to the Parent Guarantor or its Restricted Subsidiaries, as determined by the Parent Guarantor in good faith following consultation with the Administrative Agent, <u>provided</u> that this <u>clause (l)</u> shall not apply to any Subsidiary organized under the laws of any Obligor Jurisdiction (it being understood that any such Subsidiary may be an Excluded Subsidiary pursuant to another clause of this definition);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) any other Restricted Subsidiary with respect to which, in the good faith judgment of the Administrative Agent and the Parent Guarantor, the cost, burden, difficulty or consequence of obtaining a Loan Guarantee therefrom outweighs, or would be excessive in relation to, the practical benefits to the Lenders afforded thereby; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) any Restricted Subsidiary excluded by operation of the Agreed Security Principles.

Notwithstanding the foregoing, in no event shall a Borrower constitute an Excluded Subsidiary.

"**Excluded Swap Obligation**" means, with respect to any Loan Party, any Swap Obligation if, and to the extent that, all or a portion of the Loan Guarantee of such Loan Party of, or the grant by such Loan Party of a security interest to secure, such Swap Obligation (or any Loan Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Loan Party's failure for any reason to constitute an "eligible contract participant" as defined in the Commodity Exchange Act and the regulations thereunder (determined after giving effect to <u>Section 3.19</u> of the Loan Guarantee and any other "keepwell", support or other agreement for the benefit of such Loan Party) at the time the Loan Guarantee of such Loan Party or the grant of such security interest becomes effective with respect to such Swap Obligation. If any Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Loan Guarantee or security interest is or becomes illegal.

"**Excluded Taxes**" means any of the following Taxes imposed on or with respect to the Administrative Agent, any Lender or any Issuing Bank or required to be withheld or deducted from a payment to the Administrative Agent, any Lender or any Issuing Bank: (a) Taxes imposed on (or measured by) its net income or franchise Taxes (i) as a result of such recipient being organized under the laws of, or having its principal office or, in the case of any Lender, having its applicable lending office located in such jurisdiction (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) any U.S. federal branch profits Taxes or any similar Taxes imposed by any other jurisdiction described in <u>clause (a)</u> or that are Other Connection Taxes, (c) in the case of a Lender, U.S. federal withholding Tax that is imposed on amounts payable to such Lender at the time such Lender becomes a party to this Agreement (or designates a new lending office), except (i) pursuant to an assignment or designation of a new lending office under <u>Section 2.19</u> and (ii) to the extent that such Lender (or its assignor, if any) was entitled immediately prior to the time of designation of a new lending office (or assignment), to receive additional amounts from any Loan Party with respect to such withholding Tax pursuant to <u>Section 2.17</u>, (d) any Taxes imposed as a result of a failure by the Administrative Agent, Lender or Issuing Bank to comply with <u>Section 2.17(f)</u>, (e) any Taxes imposed pursuant to the Luxembourg Law of 23 December 2005 introducing a final withholding tax on interest and assimilated payments made, or ascribed, to Luxembourg resident individuals, and (f) any withholding Taxes imposed under FATCA.

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"**Existing Letter of Credit**" means any letter of credit (or, with respect to the applicable Issuing Bank (or other Person referred to below), any bank guarantee (or similar instrument) as such Issuing Bank (or other Person referred to below) may in its sole discretion approve) that is issued by any Issuing Bank (or any Person that substantially concurrently with such designation shall become an Issuing Bank in accordance with <u>Section 2.05(i)</u>) for the account of the Parent Guarantor or any of its Restricted Subsidiaries and, subject to compliance with the requirements set forth in <u>Section 2.05</u> as to the maximum LC Exposure and expiration of Letters of Credit, is designated as an Existing Letter of Credit by written notice thereof by the Administrative Borrower and such Issuing Bank (or such Person) to the Administrative Agent (which notice shall contain a representation and warranty by the Administrative Borrower that, as of the date of such designation, the conditions precedent set forth in <u>Sections 4.03(b)</u> and <u>4.03(c)</u> shall be satisfied); <u>provided</u> that no letter of credit may be so designated prior to the Availability**<u>Spin-Off Effective</u>** Date.

"**Expected Cost Savings**" has the meaning assigned to such term in the definition of "Consolidated Adjusted EBITDA".

"**Extended Revolving Credit Commitment**" has the meaning assigned to such term in <u>Section 2.23(a)</u>.

"**Extended Revolving Facility**" means the Extended Revolving Credit Commitments and the Extended Revolving Loans and other extensions of credit thereunder.

"**Extended Revolving Loans**" has the meaning assigned to such term in <u>Section 2.23(a)(i)</u>.

"**Extended Term Loans**" has the meaning assigned to such term in <u>Section 2.23(a)(ii)</u>.

"**Extension**" has the meaning assigned to such term in <u>Section 2.23(a)</u>.

"**Extension Amendment**" means an amendment to this Agreement that is reasonably satisfactory to the Administrative Agent (to the extent required by <u>Section 2.23</u>) and the Parent Guarantor, executed by each of (a) the applicable Borrower(s), (b) the Administrative Agent and (c) each Lender that has accepted the applicable Extension Offer pursuant hereto and in accordance with <u>Section 2.23</u>; <u>provided</u>, <u>however</u>, that any amendment that adversely affects the rights or duties of any Collateral Agent shall require the prior written consent of such Collateral Agent.

"**Extension Offer**" has the meaning assigned to such term in <u>Section 2.23(a)</u>.

"**Fall-Away Event**" has the meaning assigned to such term in <u>Section</u> <u>9.26</u><u>**9.25**</u> .

"**FATCA**" means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b)(1) of the Code as of the date of this Agreement (or any amended or successor version described above), any intergovernmental agreement, treaty or convention among Governmental Authorities (and any related legislation, rules or official administrative practice) implementing the foregoing.

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"**Federal Assignment of Claims Act**" means the Federal Assignment of Claims Act (41 U.S.C. § 15).

"**Federal Funds Effective Rate**" means, for any day, the rate calculated by the NYFRB based on such day's federal funds transactions by depositary institutions, as determined in such manner as shall be set forth on the NYFRB's Website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate; <u>provided</u> that if the Federal Funds Effective Rate as so determined would be less than 0.00%, such rate shall be deemed to be 0.00% for the purposes of this Agreement.

"**Federal Reserve Board**" means the Board of Governors of the Federal Reserve System of the United States of America.

"**Fee Letter**" means the Fee Letter, dated as of October 24, 2025, by and among the Parent Guarantor and JPMorgan.

"**Financial Covenants**" means the covenants set forth in <u>Section 6.10</u>.

"**First Lien Leverage Ratio**" means the ratio, as of any date of determination, of (a) Consolidated First Lien Debt as of such date to (b) Consolidated Adjusted EBITDA for the Test Period then most recently ended or the Test Period otherwise specified where the term "First Lien Leverage Ratio" is used in this Agreement, in each case for the Parent Guarantor and its Restricted Subsidiaries.

"**Fiscal Quarter**" means a fiscal quarter of any Fiscal Year.

"**Fiscal Year**" means the fiscal year of the Parent Guarantor ending December 31 of each calendar year, as such fiscal year end may be adjusted in accordance with the terms of this Agreement.

"**Fitch**" means Fitch Ratings, Inc., or any successor to its rating agency business.

"**Fixed Amount**" has the meaning assigned to such term in <u>Section 1.04(f)</u>.

"**Flood Hazard Property**" means any Material Real Estate Asset located in the United States if any building included in such Material Real Estate Asset is located in an area designated by the Federal Emergency Management Agency as having special flood hazards.

"**Floor**" means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to the Term SOFR, the Adjusted EURIBOR, the Adjusted Term CORRA, the Adjusted TIIE Rate or the Daily Simple RFR, as applicable. For the avoidance of doubt, as of the Effective Date, the Floor is 0.00%.

"**Foreign Collateral Agent**" means Wilmington Trust, in its capacity as collateral agent, security agent, security trustee or trustee hereunder and under the Foreign Collateral Documents, or any successor thereto appointed in accordance with <u>Article 8</u>. Unless the context requires otherwise, the term "Foreign Collateral Agent" shall include any branch or Affiliate of Wilmington Trust that it shall have designated for the purpose of performing any of its obligations hereunder or under the other Loan Documents in such capacity.

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"**Foreign Collateral Agent Fee Letter**" means that certain fee letter dated the date hereof between Wilmington Trust, Cyprium US and Cyprium Luxembourg.

"**Foreign Collateral Documents**" means the Collateral Documents that are governed by the laws of a jurisdiction other than the United States, any state thereof or the District of Columbia.

"**Foreign Loan Party**" means any Loan Party organized outside of the United States, any state thereof or the District of Columbia.

"**Foreign Subsidiary**" means any Restricted Subsidiary that is not a U.S. Subsidiary.

"**Form 10**" means the Registration Statement on Form 10 (including the information statement and the other exhibits filed therewith or incorporated by reference therein) filed by the Parent Guarantor with the SEC on August 15, 2025, as amended from time to time prior to the declaration thereof as effective by the SEC, including pursuant to Amendment No. 1 to the Registration Statement on Form 10 filed by the Parent Guarantor with the SEC on September 30, 2025<u>**and Amendment No. 2 to the Registration Statement on Form 10 filed by the Parent Guarantor with the SEC on March 6, 2026**</u>.

"**Funding Account**" has the meaning assigned to such term in <u>Section 2.03</u>.

"**Funding TIIE Composed in Advance**" means the *Tasa de Interés Interbancaria de Equilibrio de Fondeo Compuesta por Adelantado* for a term of 28 days, rounded to four decimals, as published by the Banco de México on its internet website page, http://www.banxico.org.mx/.

"**GAAP**" means, subject to <u>Sections 1.04(a)(ii)</u> and <u>1.04(a)(iii)</u>, generally accepted accounting principles in the U.S. in effect and applicable to the accounting period in respect of which reference to GAAP is made.

"**Governmental Authority**" means any federal, state, provincial, territorial, municipal, national or other government, governmental department, commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity or officer exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any government or any court, in each case whether associated with the U.S., a foreign government or any political subdivision of any thereof (including any supra-national body exercising such powers or functions, such as the European Union or the European Central Bank).

"**Granting Lender**" has the meaning assigned to such term in <u>Section 9.05(e)</u>.

"**Group**" means the Parent Guarantor and its Restricted Subsidiaries.

"**Guarantee**" of or by any Person (the "**guarantor**") means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other monetary obligation of any other Person (the "**primary obligor**") in any manner and including any obligation of the guarantor (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other monetary obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other monetary obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other monetary obligation, (d) as an account party in respect of any letter of credit or letter of guarantee issued to support such Indebtedness or monetary obligation, (e) entered into for the

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purpose of assuring in any other manner the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part) or (f) secured by any Lien on any assets of such guarantor securing any Indebtedness or other monetary obligation of any other Person, whether or not such Indebtedness or monetary other obligation is assumed by such guarantor (or any right, contingent or otherwise, of any holder of such Indebtedness or other monetary obligation to obtain any such Lien); <u>provided</u> that the term "Guarantee" shall not include endorsements for collection or deposit in the ordinary course of business, or customary and reasonable indemnity obligations in effect on the Availability Date or entered into in connection with any acquisition, Disposition or other transaction permitted under this Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith.

"**Guarantee Agreement**" means the Guarantee Agreement, dated as of the Availability Date, among the Parent Guarantor, the Borrowers, the other Guarantors and the Administrative Agent, substantially in the form of <u>Exhibit D</u>, or any other form approved by the Administrative Agent and the Parent Guarantor, together with all Guarantee Supplements then in effect, as same may be amended, restated, supplemented or otherwise modified from time to time.

"**Guarantee Supplement**" has the meaning set forth in the Guarantee Agreement. It is acknowledged and agreed that any Guarantee Supplement may, if reasonably requested by the Parent Guarantor, include limitations on guarantee provisions applicable to a Restricted Subsidiary and required or advisable under applicable law, which shall be in form and substance reasonably satisfactory to the Parent Guarantor and the Administrative Agent.

"**Guarantor**" means (a) the Parent Guarantor, (b) the Borrowers (other than with respect to their own Obligations) and (c) each Subsidiary Guarantor from time to time.

"**Hazardous Materials**" means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, per- or poly-fluoridated substances, radon gas, infectious or medical wastes and all other substances or wastes of any nature that can result in liability or are regulated as "hazardous" or "toxic," or as a "pollutant" or a "contaminant", or on a similar basis, pursuant to any Environmental Law.

"**Hedge Agreement**" means any agreement with respect to any Derivative Transaction between the Parent Guarantor or any Restricted Subsidiary and any other Person.

"**Hedging Obligations**" means, with respect to any Person, the obligations of such Person under any Hedge Agreement.

"**Historical Combined Financial Statements**" means (a) the combined balance sheet of the Parent Guarantor and its Subsidiaries as of December 31, 2024<u>**2025**</u> and the related combined statements of operations, comprehensive income and cash flows of the Parent Guarantor and its Subsidiaries for the Fiscal Year then ended, prepared in accordance with GAAP and audited by Ernst & Young LLP, and (b) the combined interim financial statements the Parent Guarantor and the Subsidiaries as of and for each subsequent Fiscal Quarter or the portion of the Fiscal Year then ended, in each case under this <u>clause (b)</u>, that are included in the Form 10.<u>.</u>

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"**IFRS**" means international accounting standards within the meaning of the IAS Regulation 1606/2002, as in effect from time to time.

"**Immaterial Subsidiary**" means, as of any date, any Restricted Subsidiary (a) the total assets of which (determined on a consolidated basis for such Restricted Subsidiary and its Restricted Subsidiaries, but eliminating all intercompany items) do not exceed 5.0% of Consolidated Total Assets of the Parent Guarantor and its Restricted Subsidiaries and (b) the contribution by which (determined on a consolidated basis for such Restricted Subsidiary and its Restricted Subsidiaries, but eliminating all intercompany items) to Consolidated Adjusted EBITDA does not exceed 5.0% of the Consolidated Adjusted EBITDA of the Parent Guarantor and its Restricted Subsidiaries, in each case, as of the last day of or for the most recently ended Test Period; <u>provided</u>, that the combined total assets and contribution to Consolidated Adjusted EBITDA (as so determined) of all Immaterial Subsidiaries shall not exceed 7.5% of Consolidated Total Assets and 7.5% of Consolidated Adjusted EBITDA, in each case, of the Parent Guarantor and its Restricted Subsidiaries as of the last day of or for the most recently ended Test Period (and, in the event of any such excess, one or more of such Restricted Subsidiaries shall be deemed not to be an Immaterial Subsidiary in descending order (or such other order as the Parent Guarantor shall have selected in its discretion) based on their respective amounts of total assets or such contribution, as the case may be, until such excess shall have been eliminated); <u>provided</u>, <u>further</u>, that (i) at all times prior to the first delivery of financial statements pursuant to <u>Section 5.01(a)</u> or <u>5.01(b)</u>, determinations under this definition shall be made based on the most recent pro forma financial statements of the Parent Guarantor included in Form 10 and (ii) no Borrower shall deemed to be an Immaterial Subsidiary.

"**Incremental Cap**" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Shared Incremental Amount; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the case of any Incremental Facility or Incremental Equivalent Debt that effectively extends the Maturity Date with respect to any Class of Loans and/or Commitments hereunder (other than Loans or Commitments to the extent incurred or implemented in reliance on <u>clause (a)</u> above), an amount equal to the portion of the relevant Class of Loans or Commitments that will be replaced by such Incremental Facility or Incremental Equivalent Debt; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in the case of any Incremental Facility or Incremental Equivalent Debt that effectively replaces any Revolving Credit Commitment or Term Loan terminated or prepaid in accordance with <u>Section 2.19</u>, an amount equal to the relevant terminated Revolving Credit Commitment or prepaid Term Loan; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) without duplication (including without duplication of <u>clause (b)</u> or <u>(c)</u> above), (i) the amount of any optional prepayment of any Term Loan in accordance with <u>Section 2.11(a)</u> and/or the amount of any optional permanent reduction of any Revolving Credit Commitment in accordance with <u>Section 2.09(b)</u>, (ii) the amount of any optional prepayment, redemption, repurchase or retirement of any Incremental Equivalent Debt, (iii) the amount of any optional prepayment, redemption, repurchase or retirement of any Replacement Debt previously applied to the permanent prepayment of any Term Loan or of any Incremental Equivalent Debt (in each case, other than any Term Loan or Incremental Equivalent Debt incurred under <u>clause (a)</u> above) and (iv) the aggregate principal amount of any Indebtedness referred to in <u>clauses (i)</u> through <u>(iii)</u> repaid or retired resulting from any assignment of such Indebtedness to (and/or assignment and/or purchase of such Indebtedness by) the Parent Guarantor and/or any Restricted Subsidiary; <u>provided</u> that, for each of <u>clauses (i)</u> through <u>(iv)</u>, (x) such Indebtedness was secured by a Lien on any Collateral on a pari passu basis with the Credit Facilities (but without regard to the

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control of remedies) and was not incurred (or, in the case of Revolving Credit Commitments, implemented) in reliance on <u>clause (a)</u> above, (y) the relevant prepayment, redemption, repurchase, retirement, assignment and/or purchase was not funded with the proceeds of any long-term Indebtedness (other than revolving Indebtedness) and (z) in the case of a prepayment, redemption, repurchase, retirement, assignment and/or purchase of any revolving Indebtedness, credit shall be given solely to the extent accompanied by a permanent reduction of the revolving commitments in respect thereof; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) an unlimited amount so long as, in the case of this <u>clause (e)</u>, on a Pro Forma Basis after giving effect to the incurrence of the Incremental Facility or the Incremental Equivalent Debt, as applicable, and the application of the proceeds thereof (without netting the cash proceeds thereof or of any Indebtedness incurred concurrently therewith, but giving effect to any related Subject Transaction) (and, in the case of any Incremental Facility or Incremental Equivalent Debt in the form of a revolving facility or "delayed draw" term facility then being established, assuming a full drawing thereunder), (i) if such Indebtedness is secured by a Lien on any Collateral ranking pari passu with the Lien securing the Credit Facilities (but without regard to the control of remedies), the First Lien Leverage Ratio does not exceed 1.75:1.00, (ii) if such Indebtedness is secured by a Lien on any Collateral on a basis junior with the Liens securing the Credit Facilities, the Secured Leverage Ratio does not exceed 2.50:1.00 and (iii) if such Indebtedness is unsecured, the Total Leverage Ratio does not exceed 3.25:1.00, in each case, as of the last day of the most recently ended Test Period;

<u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) any Incremental Facility and/or Incremental Equivalent Debt may be incurred or implemented under one or more of <u>clauses (a)</u> through <u>(e)</u> of this definition as selected by the Parent Guarantor in its sole discretion (<u>provided</u> that, in the case of <u>clause (e)</u>, an Incremental Facility may be incurred or implemented only under <u>clause (i)</u> thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if any Incremental Facility or Incremental Equivalent Debt is intended to be incurred or implemented under <u>clause (e)</u> of this definition and any other clause of this definition in a single transaction or series of related transactions, (A) the portion of such Incremental Facility or Incremental Equivalent Debt to be incurred or implemented under <u>clause (e)</u> of this definition shall be calculated first without giving effect to any Incremental Facilities or Incremental Equivalent Debt to be incurred or implemented under any other clause of this definition, but giving full pro forma effect to the use of proceeds of the entire amount of such Incremental Facility or Incremental Equivalent Debt and the related transactions and (B) the portion of such Incremental Facility or Incremental Equivalent Debt (but without netting such proceeds) to be incurred or implemented under the other applicable clauses of this definition shall be calculated thereafter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) any portion of any Incremental Facility or Incremental Equivalent Debt that is incurred or implemented under <u>clauses (a)</u> through <u>(d)</u> of this definition, unless otherwise elected by the Parent Guarantor, shall automatically and without need for action by any Person, be reclassified as having been incurred or implemented under <u>clause (e)</u> of this definition if, at any time after the incurrence or implementation thereof, when financial statements required pursuant to <u>Section 5.01(a)</u> or <u>5.01(b)</u> are delivered, such portion of such Incremental Facility or Incremental Equivalent Debt would, using the figures reflected in such financial statements, be (or have been) permitted under the First Lien Leverage Ratio, Secured Leverage Ratio or Total Leverage Ratio test, as applicable, set forth in <u>clause (e)</u> of this definition;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) in the case of any Incremental Equivalent Debt in the form of revolving loans or a revolving facility, if a full drawing thereunder is permitted at the time the commitments in respect thereof are established (or at such other time as shall be applicable thereto pursuant to <u>Section 1.04(d)</u>), then the obligors thereunder may thereafter borrow, repay, prepay and reborrow amounts thereunder, in whole or in part, from time to time, without further compliance with the provisions of this definition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) in the case of any Incremental Term Facility or any Incremental Equivalent Debt in the form of a "delayed draw" term facility, if a full drawing thereunder is permitted at the time the commitments in respect thereof are established (or at such other time as shall be applicable thereto pursuant to <u>Section 1.04(d))</u>, then the obligors thereunder may thereafter borrow under such commitments, in whole or in part, from time to time, without further compliance with the provisions of this definition; <u>provided</u> that, except to the extent such commitments have terminated without funding, all future incurrence tests (including under <u>clause (e)</u> above but excluding, for the avoidance of doubt, the actual compliance with <u>Section 6.10</u>) shall be made on a pro forma basis assuming a full drawing under such commitments (but without netting the cash proceeds thereof) and giving effect to the application of the proceeds thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) any Incremental Equivalent Debt that (A) is secured by the proceeds of such Incremental Equivalent Debt and any related deposit of Cash or Cash Equivalents to cover interest and premium with respect to such Incremental Equivalent Debt pursuant to, and only for so long as such proceeds and related deposit are subject to, an escrow or similar arrangement to secure such Incremental Equivalent Debt pending the application of the proceeds thereof and (B) that will be unsecured upon the termination of such escrow or similar arrangement, may, notwithstanding the Lien described in <u>sub-clause (A)</u> above, be incurred under <u>clause (e)(iii)</u> above.

"**Incremental Commitment**" means any commitment made by a Lender to provide all or any portion of any Incremental Facility or Incremental Loans.

"**Incremental Equivalent Debt**" means any Indebtedness that satisfies the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the aggregate outstanding principal amount (or committed amount, if applicable) thereof does not exceed the Incremental Cap (less any portion thereof utilized by the Incremental Facilities) as in effect at the time of incurrence or implementation thereof (after giving effect to any reclassification at or prior to such time);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i) unless such Indebtedness is in the form of revolving loans or a revolving facility, the Weighted Average Life to Maturity of such Indebtedness is no shorter than the remaining Weighted Average Life to Maturity of the Initial Term Loans and the scheduled final maturity date of such Indebtedness is no earlier than the Initial Term Loan Maturity Date and (ii) if such Indebtedness is in the form of revolving loans or a revolving facility, such Indebtedness shall mature no earlier than, and require no scheduled mandatory commitment reduction prior to, the Initial Revolving Credit Maturity Date, in each case as determined on the date of incurrence or implementation, as applicable, thereof; <u>provided</u> that <u>clause (i)</u> above shall not apply to customary bridge loans incurred to finance Permitted Acquisitions or similar Investments so long as either (x) such bridge loans provide for the automatic exchange or conversion into Indebtedness meeting the requirements set forth in this <u>clause (b)</u> or (y) are intended to be refinanced with Qualified Capital Stock of the Parent Guarantor, proceeds of asset sales or Indebtedness meeting the requirements set forth in this <u>clause (b)</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) subject to <u>clause (b)</u>, such Indebtedness may otherwise have an amortization schedule as determined by the Parent Guarantor and the lenders providing such Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if such Indebtedness is secured by assets that constitute Collateral, the holders of such Indebtedness (or a representative therefor) shall be party to an Acceptable Intercreditor Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) such Indebtedness may provide for the ability to participate (i) on a pro rata basis or non-pro rata basis in any voluntary prepayment of Term Loans made pursuant to <u>Section 2.11(a)</u> and (ii) to the extent secured by a Lien on any Collateral on a pari passu basis with the Term Loans (but without regard to the control of remedies), on a pro rata basis of or less than a pro rata basis (but not on a greater than pro rata basis other than in the case of a prepayment with proceeds of Indebtedness refinancing such Incremental Equivalent Debt) in any mandatory prepayment of Term Loans required pursuant to <u>Section 2.11(b)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) if any financial maintenance covenant is added to any such Indebtedness and such financial maintenance covenant is more favorable to the lenders under such Indebtedness than the Financial Covenants, either (x) such financial maintenance covenant shall only be applicable after the later of the Initial Term Loan Maturity Date or the Initial Revolving Credit Maturity Date or (y) the Lenders under any then-existing Revolving Facility and any then-existing Term A Facility shall also receive the benefit of such more favorable financial maintenance covenant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) (i) such Indebtedness shall rank pari passu with the Initial Term Loans and the Initial Revolving Loans, in each case, in right of payment and (ii) no such Indebtedness may be (x) Guaranteed by any Person which is not a Loan Party; <u>provided</u> that the obligations of any Person with respect to any escrow or similar arrangement described in <u>clause (y)</u> below shall be deemed not to constitute a Guarantee by such Person or (y) secured by Liens on any assets other than the Collateral (and may be secured by Liens on the Collateral only on a pari passu (but without regard to the control of remedies) or junior basis to the Liens on the Collateral securing the Credit Facilities); <u>provided</u> that any Incremental Equivalent Debt may be secured by the proceeds of such Incremental Equivalent Debt, and any related deposit of Cash or Cash Equivalents to cover interest and premium fees with respect to such Incremental Equivalent Debt, to the extent and only for so long as such proceeds and related deposit are subject to an escrow or similar arrangement to secure such Incremental Equivalent Debt pending the application of the proceeds thereof.

"**Incremental Facilities**" has the meaning assigned to such term in <u>Section 2.22(a)</u>.

"**Incremental Facility Amendment**" means an amendment to this Agreement that is reasonably satisfactory to the Administrative Agent (solely for purposes of giving effect to <u>Section 2.22</u>) and the Parent Guarantor executed by each of (a) the applicable Borrower(s), (b) the Administrative Agent and (c) each Lender that agrees to provide all or any portion of the Incremental Facility being incurred pursuant thereto and in accordance with <u>Section 2.22</u>; <u>provided</u>, <u>however</u>, that any amendment that adversely affects the rights or duties of any Collateral Agent shall require the prior written consent of such Collateral Agent.

"**Incremental Loans**" has the meaning assigned to such term in <u>Section 2.22(a)</u>.

"**Incremental Revolving Facility**" has the meaning assigned to such term in <u>Section 2.22(a)</u>.

"**Incremental Revolving Facility Lender**" means, with respect to any Incremental Revolving Facility, each Revolving Lender providing any portion of such Incremental Revolving Facility.

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"**Incremental Revolving Loans**" has the meaning assigned to such term in <u>Section 2.22(a)</u>.

"**Incremental Term Facility**" has the meaning assigned to such term in <u>Section 2.22(a)</u>.

"**Incremental Term Loans**" has the meaning assigned to such term in <u>Section 2.22(a)</u>.

"**Incurrence-Based Amounts**" has the meaning assigned to such term in <u>Section 1.04(f)</u>.

"**Indebtedness**" of any Person means, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person (excluding accounts payable incurred in the ordinary course of business), (d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding (i) accounts payable incurred in the ordinary course of business, (ii) milestone payments incurred in connection with any investment or series of related investments, (iii) any earn-out, purchase price adjustment or other contingent obligation (other than for the payment of Indebtedness) incurred in connection with an acquisition or a similar Investment, except to the extent that the amount thereof becomes due and payable (it being understood that any such obligation that is subject to a good faith ongoing dispute by the Parent Guarantor or any Restricted Subsidiary shall not be deemed to be due and payable pending the settlement or other resolution of such dispute), and (iv) deferred or equity compensation arrangements payable to directors, officers or employees), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, but limited to the fair market value of such property (except to the extent otherwise provided in this definition), (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty, (i) all obligations, contingent or otherwise, of such Person in respect of bankers' acceptances, (j) all obligations of such Person under any Hedge Agreement, (k) all Attributable Receivables Indebtedness of such Person and (l) all obligations of such Person in respect of Disqualified Capital Stock; <u>provided</u> that "Indebtedness" shall not include obligations of Restricted Subsidiaries organized in China under bank acceptance drafts issued for the benefit of suppliers in the ordinary course of business. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person's ownership interest in such entity, except to the extent the terms of such Indebtedness expressly provide that such Person is not liable therefor.

"**Indemnified Taxes**" means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in <u>clause (a)</u> above, Other Taxes.

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"**Indemnitee**" has the meaning assigned to such term in <u>Section 9.03(b)</u>.

"**Initial Loan Installment Date**" has the meaning assigned to such term in <u>Section 2.10(a)</u>.

"**Initial Revolving Credit Commitment**" means, with respect to each Lender, the commitment of such Lender to make Initial Revolving Loans and acquire participations in Letters of Credit hereunder, as such commitment, expressed as an amount representing the maximum permitted amount of such Lender's Initial Revolving Credit Exposure, is set forth on <u>Schedule 2.01</u> or in the Assignment and Assumption or the Incremental Facility Amendment pursuant to which such Lender assumed or provided its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to <u>Section 2.09</u> or <u>2.19</u>, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to <u>Section 9.05</u> or (c) increased from time to time pursuant to <u>Section 2.22</u>. The aggregate amount of the Initial Revolving Credit Commitments as of the Effective Date is US$850,000,000.

"**Initial Revolving Credit Exposure**" means, with respect to any Lender at any time, (a) the aggregate Outstanding Amount at such time of all Initial Revolving Loans of such Lender, <u>plus</u> (b) the amount at such time of such Lender's LC Exposure attributable to its Initial Revolving Credit Commitment.

"**Initial Revolving Credit Maturity Date**" means the date that is five years after the Availability Date (or, if such date is not a Business Day, the immediately preceding Business Day).

"**Initial Revolving Facility**" means the Initial Revolving Credit Commitments and the Initial Revolving Loans and other extensions of credit thereunder.

"**Initial Revolving Lender**" means any Lender with an Initial Revolving Credit Commitment or any Initial Revolving Credit Exposure.

"**Initial Revolving Loan**" means any revolving loan made by any Initial Revolving Lender to any Revolving Credit Borrower pursuant to <u>Section 2.01(a)(ii)</u>.

"**Initial Term Lender**" means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

"**Initial Term Loan Commitment**" means, with respect to each Lender, the commitment of such Lender to make an Initial Term Loan hereunder in a principal amount not to exceed the amount set forth opposite such Lender's name on <u>Schedule 2.01</u> or in the Assignment and Assumption pursuant to which such Lender provided its Initial Term Loan Commitment, as the same may be (a) reduced from time to time pursuant to <u>Section 2.09</u> or <u>Section 2.19</u> or (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to <u>Section 9.05</u>. The aggregate amount of the Lenders' Initial Term Loan Commitments on the Effective Date is US$500,000,000.

"**Initial Term Loan Maturity Date**" means the date that is five years after the Availability Date (or, if such date is not a Business Day, the immediately preceding Business Day).

"**Initial Term Loans**" means the term loans made by the Initial Term Lenders to the Term Loan Borrowers pursuant to <u>Section 2.01(a)(i)</u>.

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"**Intercompany Note**" means a promissory note substantially in the form of <u>Exhibit E</u> or any other form approved by the Administrative Agent and the Parent Guarantor.

"**Interest Coverage Ratio**" means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA for the most recently ended Test Period to (b) Ratio Interest Expense for such Test Period, in each case for the Parent Guarantor and its Restricted Subsidiaries; <u>provided</u> that, for purposes of calculating the Interest Coverage Ratio for any period ending prior to the first anniversary of the Availability Date, Ratio Interest Expense shall be an amount equal to actual Ratio Interest Expense from the Availability Date through the date of determination multiplied by a fraction the numerator of which is 365 and the denominator of which is the number of days from the Availability Date through the date of determination.

"**Interest Election Request**" means a request by a Borrower to convert or continue a Borrowing in accordance with <u>Section 2.08</u>, which shall be substantially in the form provided by the Administrative Agent to the Administrative Borrower prior to the Effective Date or such other form that is reasonably acceptable to the Administrative Agent and the Administrative Borrower.

"**Interest Payment Date**" means (a) with respect to any ABR Loan, the last day of each March, June, September and December and the applicable Maturity Date, (b) with respect to any RFR Loan, (i) each date that is on the numerically corresponding day in each calendar month that is one month after the date of the Borrowing of which such Loan is a part (or, if there is no such numerically corresponding day in such month, then the last day of such month) and (ii) the applicable Maturity Date and (c) with respect to any Term Benchmark Loan, the last day of each Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Term Benchmark Borrowing with an Interest Period of more than three months' duration, each day prior to the last day of such Interest Period that occurs at intervals of three months' duration after the first day of such Interest Period, and the applicable Maturity Date.

"**Interest Period**" means, with respect to any Term Benchmark Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, three or six months thereafter (or, to the extent approved by all relevant affected Lenders and the Administrative Agent, twelve months or a shorter period) (in each case, subject to the availability for the Benchmark applicable to the relevant Loan or Commitment for any Agreed Currency), as a Borrower may elect; <u>provided</u> that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, (b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period, (c) no tenor that has been removed from this definition pursuant to <u>Section 2.14(b)(v)</u> shall be available for specification in any Borrowing Request or Interest Election Request, (d) for any Term Benchmark Borrowing denominated in Canadian Dollars, the Interest Period shall not include a six month period and (e) for any Term Benchmark Borrowing denominated in Mexican Pesos, the Interest Period shall mean the period of 28 days. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. Notwithstanding anything herein to the contrary, (i) the initial Interest Period for Loans borrowed on the Availability Date shall be as agreed by the Administrative Borrower and the Administrative Agent and set forth in the Borrowing Request delivered with respect thereto and (ii) the initial Interest Period for any Additional Loans may be such period as shall be set forth in the applicable Incremental Facility Amendment, Refinancing Amendment or Extension Amendment.

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"**Investment**" means (a) any purchase or other acquisition by the Parent Guarantor or any of its Restricted Subsidiaries of any of the Securities or Indebtedness of any other Person (other than any Loan Party), (b) the purchase or other acquisition (other than any purchase or other acquisition of inventory, materials, supplies and/or equipment in the ordinary course of business) of all or a substantial portion of the business, property or fixed assets of any other Person or any division, line of business, business unit or product line of any Person and (c) any loan, advance (other than any advance to any current or former employee, officer, director, member of management, manager, consultant or independent contractor of the Parent Guarantor or any Restricted Subsidiary for moving, entertainment and travel expenses, drawing accounts and similar expenditures or payroll expenses or advances in the ordinary course of business) or capital contribution to, or Guarantee of Indebtedness of, any other Person by the Parent Guarantor or any of its Restricted Subsidiaries. Subject to <u>Section 5.10</u>, the amount of any Investment shall be the original cost of such Investment, plus the original cost of any addition thereto that otherwise constitutes an Investment, without any adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with respect thereto, but giving effect to any repayments of principal in the case of any Investment in the form of a loan and any return of capital (including any distributions in connection with reduction or redemption of capital) or return on Investment in the case of any equity Investment (whether as a distribution, dividend, redemption or sale); <u>provided</u> that the amount of any Investment in the form of a Guarantee shall be determined in accordance with the definition of the term "Guarantee".

"**Investment Grade Period**" has the meaning assigned to such term in <u>Section</u><u> </u><u>9.26</u><u>**9.25**</u>.

"**IP Rights**" has the meaning assigned to such term in <u>Section 3.05(b)</u>.

"**ISDA CDS Definitions**" has the meaning assigned to such term in <u>Section 9.02(e)</u>.

"**Issuing Bank**" means each Person listed on <u>Schedule 2.05</u> and each other Person that becomes an Issuing Bank in accordance with <u>Section 2.05(i)</u>, in each case in its capacity as an issuer of Letters of Credit hereunder, other than any Person that shall have ceased to be an Issuing Bank as provided in <u>Section 2.05(i)</u>. Any Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by any branch or Affiliate of such Issuing Bank, in which case the term "Issuing Bank" shall include any such branch or Affiliate with respect to Letters of Credit issued by such branch or Affiliate (it being agreed that such Issuing Bank shall, or shall cause such branch or Affiliate to, comply with the requirements of <u>Section 2.05</u> with respect to such Letters of Credit).

"**Joint Venture**" means, with respect to any Person, any other Person in which such Person owns Capital Stock (other than any Subsidiary), and including, for the avoidance of doubt, any other Person in which such Person owns less than a majority of the Capital Stock thereof. Unless otherwise specified, "Joint Venture" shall refer to a Joint Venture of the Parent Guarantor or any Restricted Subsidiary.

"**JPMorgan**" means JPMorgan Chase Bank, N.A. and its successors.

"**Judgment Conversion Date**" has the meaning assigned to such term in <u>Section 9.20(a)</u>.

"**Judgment Currency**" has the meaning assigned to such term in <u>Section 9.20(a)</u>.

"**Junior Indebtedness**" means any Indebtedness for borrowed money of the Parent Guarantor or any of its Restricted Subsidiaries that is a Loan Party (other than Indebtedness among the Parent Guarantor and/or its Restricted Subsidiaries) that is expressly subordinated in right of payment to the Loan Document Obligations.

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"**Junior Lien Intercreditor Agreement**" means an intercreditor agreement substantially in the form attached hereto as <u>Exhibit F</u> (with such changes thereto that are reasonably satisfactory to the Administrative Agent, each of the Collateral Agents (solely with respect to terms thereof adversely affecting its rights or duties in its capacity as such) and the Parent Guarantor, including modifications relating to local law applicable to Foreign Loan Parties, including as to the appointment and instruction of a Common Collateral Agent), as the same may be amended, restated, supplemented, waived and/or otherwise modified from time to time in accordance with the terms thereof and of this Agreement.

"**Latest Maturity Date**" means, as of any date of determination, the latest Maturity Date applicable to any Loan or Commitment hereunder at such time.

"**Latest Revolving Credit Maturity Date**" means, as of any date of determination, the latest Maturity Date applicable to any Revolving Loan or Revolving Credit Commitment hereunder at such time.

"**Latest Term Loan Maturity Date**" means, as of any date of determination, the latest Maturity Date applicable to any Term Loan or Term Loan Commitment hereunder at such time.

"**LC Collateral Account**" has the meaning assigned to such term in <u>Section 2.05(j)(i)</u>.

"**LC Disbursement**" means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit. The amount of any LC Disbursement made by an Issuing Bank in an Alternative LC Currency and not reimbursed by the applicable Borrower as required by <u>Section 2.05(e)</u> shall be determined as set forth in <u>Section 2.05(e)</u> or <u>2.05(l)</u>, as applicable.

"**LC Exposure**" means, at any time, the sum of (a) the aggregate Outstanding Amount of all outstanding Letters of Credit at such time and (b) the aggregate Outstanding Amount of all LC Disbursements that have not yet been reimbursed at such time. The LC Exposure of any Revolving Lender at any time shall equal its Applicable Revolving Credit Percentage of the aggregate LC Exposure at such time, adjusted to give effect to any reallocation under <u>Section 2.21</u> of the LC Exposure of Defaulting Lenders in effect at such time.

"**LC Participation Calculation Date**" means, with respect to any LC Disbursement made by any Issuing Bank or any refund of a reimbursement payment made by any Issuing Bank to the applicable Borrower, in each case in a currency other than U.S. Dollars, (a) the date on which such Issuing Bank shall advise the Administrative Agent that it purchased with U.S. Dollars the currency used to make such LC Disbursement or refund or (b) if such Issuing Bank shall not advise the Administrative Agent that it made such a purchase, the date on which such LC Disbursement or refund is made.

"**Legal Reservations**" means the application of relevant Debtor Relief Laws and the general principles of equity and/or principles of good faith and fair dealing.

"**Lender-Related Person**" means each Arranger, the Administrative Agent, each Collateral Agent, each Issuing Bank, each Lender and each Related Party of any of the foregoing Persons.

"**Lenders**" means the Persons listed on <u>Schedule 2.01</u> and any other Person that shall have become a Lender hereunder pursuant to an Incremental Facility Amendment, a Refinancing Amendment or an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

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"**Letter of Credit**" means (a) each Existing Letter of Credit and (b) any letter of credit (or, with respect to any Issuing Bank, any bank guarantee (or similar instrument) as such Issuing Bank may in its sole discretion approve) issued pursuant to this Agreement.

"**Letter of Credit Commitment**" means, with respect to any Issuing Bank, the maximum amount of the LC Exposure that may be attributable to Letters of Credit that, subject to the terms and conditions hereof, are required to be issued by such Issuing Bank. The initial amount of each Issuing Bank's Letter of Credit Commitment is set forth on <u>Schedule 2.05</u>, or shall be set forth in the written agreement referred to in <u>Section 2.05(i)</u> pursuant to which such Issuing Bank agreed to act as such hereunder, as the case may be. The aggregate amount of the Issuing Banks' Letter of Credit Commitments on the Effective Date is equal to US$100,000,000. The Letter of Credit Commitment of any Issuing Bank may be increased or reduced by written agreement between such Issuing Bank and the Administrative Borrower, <u>provided</u> that a copy of such written agreement shall have been delivered to the Administrative Agent.

"**Letter-of-Credit Right**" has the meaning set forth in Article 9 of the UCC.

"**Letter of Credit Sublimit**" means, at any time, the aggregate amount of Letter of Credit Commitments in effect at such time, as adjusted from time to time in accordance with <u>Section 2.05(i)</u>, <u>Section 2.10(c)</u> or <u>Section 2.22</u> hereof.

"**Leverage Covenant Test Date**" has the meaning assigned to such term in <u>Section 6.10(a)</u>.

"**Liabilities**" means any losses, claims, damages or liabilities.

"**Lien**" means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any finance lease having substantially the same economic effect as any of the foregoing), in each case, in the nature of security; <u>provided</u> that in no event shall an operating lease in and of itself be deemed to constitute a Lien.

"**Loan Document Obligations**" means all unpaid principal of and accrued and unpaid interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, all LC Disbursements, all accrued and unpaid fees (including fees accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and all expenses, reimbursements, indemnities and all other advances to, debts, liabilities and obligations of, the Loan Parties to any Lender, the Administrative Agent, any Collateral Agent, any Issuing Bank or any Indemnitee arising under the Loan Documents, whether direct or indirect (including those acquired by assumption), absolute, contingent, due or to become due, now existing or hereafter arising.

"**Loan Documents**" means this Agreement, any Promissory Note, the Collateral Documents, the Guarantee Agreement, any Guarantee Supplement, any Acceptable Intercreditor Agreement, any Incremental Facility Amendment, any Refinancing Amendment, any Extension Amendment, any amendment hereto or thereto and any other document or instrument designated by the Parent Guarantor and the Administrative Agent as a "Loan Document". Any reference in this Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules thereto.

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"**Loan Guarantee**" means any Guarantee of the Obligations created under the Guarantee Agreement, including pursuant to a Guarantee Supplement.

"**Loan Parties**" means the Borrowers, the Parent Guarantor and each Subsidiary Guarantor.

"**Loans**" means any Initial Term Loan, any Additional Term Loan, any Initial Revolving Loan and/or any Additional Revolving Loan.

"**Luxembourg**" means the Grand Duchy of Luxembourg.

"**Luxembourg Bankruptcy Modernisation Law**" means the Luxembourg law on business continuity, restructuring and the modernisation of the bankruptcy regime dated 7 August 2023.

"**Mandatory Restrictions**" has the meaning assigned to such term in <u>Section 1.16</u>.

"**Margin Stock**" has the meaning assigned to such term in Regulation U.

"**Market Capitalization**" means, at any time, an amount equal to (a) the total number of issued and outstanding shares of common Capital Stock of the Parent Guarantor on a Business Day (as selected by the Parent Guarantor) no more than five Business Days prior to such time <u>multiplied</u> by (b) the arithmetic mean of the closing prices per share of such common Capital Stock on the principal securities exchange on which such common Capital Stock is traded for the 30 consecutive trading days immediately preceding such time (or, if such common Capital Stock has only been traded on such securities exchange for a period of time that is less than 30 consecutive trading days, such shorter period of time).

"**Material Adverse Effect**" means a material adverse effect on (a) the business, financial condition or results of operations, in each case, of the Parent Guarantor and its Restricted Subsidiaries, taken as a whole, (b) the material rights and remedies, taken as a whole, of the Administrative Agent, the Collateral Agents and the Lenders under the Loan Documents or (c) the ability of the Loan Parties, taken as a whole, to perform their payment obligations under the Loan Documents.

"**Material Debt Instrument**" means any physical instrument evidencing any Indebtedness for borrowed money which is required to be pledged and delivered to any Collateral Agent (or its bailee) pursuant to the Collateral Documents.

"**Material Indebtedness**" means Indebtedness (other than the Loans and Letters of Credit), or obligations in respect of one or more Hedge Agreement, of any one or more of the Parent Guarantor and its Restricted Subsidiaries in an aggregate principal amount exceeding the Threshold Amount. For purposes of determining Material Indebtedness, the "principal amount" of the obligations of the Parent Guarantor or any Restricted Subsidiary in respect of any Hedge Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Parent Guarantor or such Restricted Subsidiary would be required to pay if such Hedge Agreement were terminated at such time.

"**Material Intellectual Property**" means any IP Rights that are owned by the Parent Guarantor or any of its Subsidiaries and are material to the operation of the business of the Parent Guarantor and its Restricted Subsidiaries, taken as a whole.

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"**Material Jurisdiction**" means, at any time, each jurisdiction (it being understood that such term refers to a single country, but including all political subdivisions of such country) with respect to which the combined total assets of all Restricted Subsidiaries organized under the laws of such jurisdiction (determined on a consolidated basis for such Restricted Subsidiaries and their Restricted Subsidiaries, but eliminating all intercompany items) constitute 5.0% or more of the Consolidated Total Assets, in each case, as of the last day of the most recently ended Test Period ending on the last day of any Fiscal Year.

"**Material Real Estate Asset**" means any "fee-owned" Real Estate Asset that (together with all adjacent "fee-owned" Real Estate Assets) has a fair market value (as determined by the Parent Guarantor in good faith after taking into account any liabilities with respect thereto that impact such fair market value or, if not then readily determinable, a book value) in excess of US$15,000,000, determined (a) with respect to any Real Estate Asset owned by any Loan Party as of the Availability Date, as of the Availability Date, (b) with respect to any such Real Estate Asset owned by any Restricted Subsidiary that becomes a Loan Party after the Availability Date (other than solely as a result of <u>Section 5.15</u>), as of the date such Restricted Subsidiary becomes a Loan Party or (c) with respect to any Real Estate Asset acquired by any Loan Party after the Availability Date or, in the case of any Loan Party referred to in <u>clause (b)</u>, after it becomes a Loan Party, as of the date of acquisition thereof.

"**Material Subsidiary**" means, as of any date, any Restricted Subsidiary that is not an Immaterial Subsidiary.

"**Maturity Date**" means (a) with respect to the Initial Revolving Facility, the Initial Revolving Credit Maturity Date, (b) with respect to the Initial Term Loans, the Initial Term Loan Maturity Date, (c) with respect to any Replacement Term Loans or Replacement Revolving Facility, the scheduled final maturity date for such Replacement Term Loans or Replacement Revolving Facility, as the case may be, as set forth in the applicable Refinancing Amendment, (d) with respect to any Incremental Facility, the scheduled final maturity date set forth in the applicable Incremental Facility Amendment and (e) with respect to any Extended Revolving Facility or Extended Term Loans, the scheduled final maturity date set forth in the applicable Extension Amendment.

"**Maximum Rate**" has the meaning assigned to such term in <u>Section 9.19</u>.

"**Mexican Loan Party**" means any Loan Party organized in Mexico.

"**Mexican Pesos**" and "**₱**" means the lawful currency of the United Mexican States.

"**Minimum Extension Condition**" has the meaning assigned to such term in <u>Section 2.23(b)(iii)</u>.

"**MNPI**" means material information concerning the Parent Guarantor and its Subsidiaries or their respective securities that has not been disseminated in a manner making it available to investors generally, within the meaning of Regulation FD under the Exchange Act. For purposes of this definition, "material information" means information concerning the Parent Guarantor and its Subsidiaries, or any of their respective securities, that could reasonably be expected to be material for purposes of the United States federal and state securities laws.

"**Moody's**" means Moody's Investors Service, Inc. and any successor to its rating agency business.

"**Mortgage**" means any mortgage, debenture, hypothecation, deed of trust, deed to secure debt or other agreement which conveys or evidences a Lien in favor of any Collateral Agent, for the benefit of such Collateral Agent and the other Secured Parties, on any Material Real Estate Asset, as the same may from time to time be amended, restated, supplemented or otherwise modified.

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"**Mortgage Policy**" has the meaning assigned to such term in the definition of "Collateral and Guarantee Requirement".

"**Multiemployer Plan**" means any employee benefit plan which is a "multiemployer plan" as defined in Section 3(37) of ERISA, that is subject to the provisions of Title IV of ERISA, and in respect of which the Parent Guarantor, any of its Restricted Subsidiaries or any ERISA Affiliate, makes or is obligated to make contributions or with respect to which any of them has any obligation or liability.

"**Net Insurance/Condemnation Proceeds**" means an amount equal to: (a) any Cash payments or proceeds (including Cash Equivalents) received by the Parent Guarantor or any of its Restricted Subsidiaries (i) under any casualty insurance policy in respect of a covered loss thereunder of any assets of the Parent Guarantor or any of its Restricted Subsidiaries or (ii) as a result of the taking of any assets of the Parent Guarantor or any of its Restricted Subsidiaries by any Person pursuant to the power of eminent domain, condemnation, expropriation or similar proceeding, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a taking, minus (b) in respect of the Parent Guarantor or any of its Restricted Subsidiaries (i) any actual out-of-pocket costs and expenses incurred in connection with the adjustment, settlement or collection of any claims in respect thereof, (ii) payment of the outstanding principal amount of, premium or penalty, if any, and interest and other amounts on any Indebtedness (other than the Loans, any Indebtedness secured by a Lien on the Collateral that is pari passu with or expressly subordinated to the Lien on the Collateral securing the Obligations and any unsecured Indebtedness incurred by a Loan Party) that is required to be repaid or otherwise comes due or would be in default under the terms thereof as a result of such loss, taking or sale, (iii) in the case of a taking, the reasonable out-of-pocket costs of putting any affected property in a safe and secure position, (iv) any selling costs and out-of-pocket expenses (including reasonable broker's fees or commissions, legal fees, accountants' fees, investment banking fees, survey costs, title insurance premiums, and related search and recording charges, deed or mortgage recording taxes, relocation expenses, currency hedging expenses, other expenses and brokerage, consultant and other customary fees actually incurred in connection therewith and transfer and similar Taxes and the Parent Guarantor's good faith estimate of income Taxes paid or payable (including pursuant to customary Tax sharing arrangements or that are or would be imposed on intercompany distributions of such proceeds)) in connection with any sale or taking of such assets as described in <u>clause (a)</u> of this definition, (v) any amounts provided as a reserve in accordance with GAAP against any liabilities under any indemnification obligation or purchase price adjustments associated with any sale or taking of such assets as referred to in <u>clause (a)</u> of this definition (<u>provided</u> that to the extent and at the time any such amounts are released from such reserve, other than to make a payment for which such amount was reserved, such amounts shall constitute Net Insurance/Condemnation Proceeds) and (vi) in the case of any covered loss or taking from any Restricted Subsidiary that is not a Wholly-Owned Subsidiary, the pro rata portion thereof (calculated without regard to this <u>clause (vi)</u>) attributable to minority interests and not available for distribution to or for the account of the Parent Guarantor or a Wholly-Owned Subsidiary as a result thereof.

"**Net Proceeds**" means (a) with respect to any Disposition (including any Prepayment Asset Sale), the Cash proceeds (including Cash Equivalents and Cash proceeds subsequently received (as and when received) in respect of non-cash consideration initially received), net of (with respect to the Parent Guarantor and its Restricted Subsidiaries) (i) selling costs and out-of-pocket expenses (including broker's fees or commissions, legal fees, accountants' fees, investment banking fees, survey costs, title insurance premiums, and related search and recording charges, deed or mortgage recording Taxes, relocation expenses incurred as a result thereof, foreign currency hedging expenses, other customary expenses and brokerage, consultant and other customary fees actually incurred in connection therewith and transfer and

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similar Taxes and the Parent Guarantor's good faith estimate of income Taxes paid or payable (including pursuant to customary Tax sharing arrangements or that are or would be imposed on intercompany distributions of such proceeds) in connection with such Disposition and the Parent Guarantor's good faith estimate of payments to be made in respect of incentive equity, synthetic equity or similar incentive awards in connection with such Disposition), (ii) amounts provided as a reserve in accordance with GAAP against any liabilities under any indemnification obligation or purchase price adjustment associated with such Disposition (<u>provided</u> that to the extent and at the time any such amounts are released from such reserve, other than to make a payment for which such amount was reserved, such amounts shall constitute Net Proceeds), (iii) the principal amount, premium or penalty, if any, interest and other amounts on any Indebtedness (other than the Loans, any other Indebtedness that is secured by a Lien on the Collateral that is pari passu with or expressly subordinated to the Lien on the Collateral securing the Obligations and any unsecured Indebtedness incurred by a Loan Party) that is required to be repaid or otherwise comes due or would be in default and is repaid or which is required to be paid in order to obtain a necessary consent to such Disposition or by applicable law (other than any such Indebtedness that is assumed by the purchaser of such asset), (iv) Cash escrows (until released from escrow to the Parent Guarantor or any of its Restricted Subsidiaries) from the sale price for such Disposition and (v) in the case of any Disposition by any Restricted Subsidiary that is not a Wholly-Owned Subsidiary, the pro rata portion of the Net Proceeds thereof (calculated without regard to this <u>clause (v)</u>) attributable to any minority interest and not available for distribution to or for the account of the Parent Guarantor or a Wholly-Owned Subsidiary as a result thereof; and (b) with respect to any issuance or incurrence of Indebtedness or Capital Stock, the Cash proceeds thereof, net of all Taxes and fees, commissions, costs, underwriting discounts and other fees and expenses incurred in connection therewith.

"**Net Short Lender**" has the meaning assigned to such term in <u>Section 9.02(e)</u>.

"**Netted Amounts**" has the meaning assigned to such term in the definition of "Consolidated Total Debt."

"**Non-Capital Lease Obligation**" of any Person means a lease obligation of such Person that is not a Capital Lease Obligation.

"**Non-Consenting Lender**" has the meaning assigned to such term in <u>Section 2.19(b)</u>.

"**Non-Defaulting Revolving Lender**" means, at any time, any Revolving Lender that is not a Defaulting Lender at such time.

"**NYFRB**" means the Federal Reserve Bank of New York.

"**NYFRB Rate**" means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); <u>provided</u> that if none of such rates are published for any day that is a Business Day, the term "NYFRB Rate" means the rate for a federal funds transaction quoted at 11:00 a.m., New York City time, on such day received by the Administrative Agent from a federal funds broker of recognized standing selected by it; <u>provided</u>, <u>further</u>, that if any of the aforesaid rates as so determined would be less than 0.00%, such rate shall be deemed to be 0.00%, for purposes of this Agreement.

"**NYFRB's Website**" means the website of the NYFRB at http://www.newyorkfed.org, or any successor source.

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"**Obligation Currency**" has the meaning assigned to such term in <u>Section 9.20(a)</u>.

"**Obligations**" means (a) all Loan Document Obligations, (b) all Banking Services Obligations and (c) all Secured Hedging Obligations.

"**Obligor Jurisdiction**" means (a) each of the United States, Jersey, Mexico, Luxembourg, Poland and Switzerland and (b) each Material Jurisdiction; <u>provided</u> that none of China, Honduras, Hungary, India, Indonesia, Malaysia, Morocco, Romania, Serbia, Tunisia, Turkey or Ukraine shall constitute an Obligor Jurisdiction.

"**Organizational Documents**" means (a) with respect to any corporation, its certificate, memorandum, notice of articles or articles of incorporation, association, amalgamation or organization and its by-laws (if any), including, for a Person organized in Poland, its articles of association (*umowa spółki z ograniczoną odpowiedzialnością*) or statute (*statut*), and for a corporation (*Aktiengesellschaft*) or limited liability company (*Gesellschaft mit beschränkter Haftung*) incorporated in Switzerland an excerpt of the relevant commercial register, the articles of association (*Statuten*) and the organizational regulations (if any), and for a Person organized under the laws of Jersey, shall include any consents issued pursuant to the Control of Borrowing (Jersey) Order 1958, (b) with respect to any limited partnership, its certificate and/or declaration of limited partnership and its partnership agreement, (c) with respect to any general partnership, its partnership agreement, (d) with respect to any limited liability company, its articles of organization or certificate of formation, and its operating agreement or limited liability company agreement and, for a Person organized in Luxembourg, its articles of association (*statuts*), (e) with respect to any exempted company, its certificate of incorporation, any change of name certificates and its memorandum and articles of association (and any amendments thereto) and (f) with respect to any entity, such other organizational documents required by local requirements of law or customary under the jurisdiction in which such entity is organized to document the formation and governance principles of such type of entity. In the event that any term or condition of this Agreement or any other Loan Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any such "Organizational Document" shall only be to a document of a type customarily certified by such governmental official. 

"**Other Connection Taxes**" means, with respect to any Lender, any Issuing Bank or the Administrative Agent, Taxes imposed as a result of a present or former connection between such recipient and the jurisdiction imposing such Tax (other than connections arising from such recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, or engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

"**Other First Lien Indebtedness**" means any Incremental Equivalent Debt, any Replacement Debt or any other Refinancing Indebtedness (other than the Credit Facilities), in each case, permitted to be incurred pursuant to <u>Section 6.01</u> and only if such Indebtedness is secured by Liens on the Collateral that are pari passu with the Liens on any Collateral securing the Credit Facilities (without regard to the control of remedies).

"**Other Taxes**" means any and all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes arising from any payment made hereunder or from the execution, delivery or enforcement of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to <u>Section 2.19)</u>.

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"**Outstanding Amount**" means (a) with respect to any Loan on any date, the U.S. Dollar Equivalent of the outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Loan occurring on such date, (b) with respect to any Letter of Credit on any date, the U.S. Dollar Equivalent of the Stated Amount thereof after giving effect to any changes in such Stated Amount, including as a result of any LC Disbursement, and (c) with respect to any LC Disbursement on any date, the U.S. Dollar Equivalent of the aggregate outstanding amount of such LC Disbursement on such date after giving effect to any disbursements with respect to any Letter of Credit occurring on such date and any other changes in the aggregate amount of such LC Disbursement as of such date, including as a result of any reimbursements by any Borrower of such LC Disbursement.

"**Overnight Bank Funding Rate**" means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar transactions denominated in U.S. Dollars by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the NYFRB's Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

"**Overnight Rate**" means, for any day, (a) with respect to any amount denominated in U.S. Dollars, the NYFRB Rate and (b) with respect to any amount denominated in an Alternative Currency or an Alternative LC Currency, an overnight rate determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, in accordance with banking industry rules on interbank compensation.

"**Packaged Rights**" means warrants, options or other rights or obligations to acquire shares of any class of the Qualified Capital Stock of the Parent Guarantor (whether settled in such Qualified Capital Stock, cash or any combination thereof), regardless of the issuer of such warrants, options or other rights, that are initially issued as a unit with Indebtedness of the Parent Guarantor or any Restricted Subsidiary (which may be guaranteed by the Parent Guarantor or any Restricted Subsidiary) permitted to be incurred hereunder, for so long as such warrants, options or other rights continue to trade as a unit with such Indebtedness and have not been separated from such Indebtedness.

**<u>"Parallel Debt" has the meaning assigned to such term in the Guarantee Agreement.</u>** 

"**Parent Guarantor**" has the meaning assigned to such term in the preamble to this Agreement.

"**Pari Passu Intercreditor Agreement**" means an intercreditor agreement substantially in the form attached hereto as <u>Exhibit G</u> (with such changes thereto that are reasonably satisfactory to the Administrative Agent, each of the Collateral Agents (solely with respect to terms thereof adversely affecting its rights or duties in its capacity as such) and the Parent Guarantor, including modifications relating to local law applicable to Foreign Loan Parties, including as to the appointment and instruction of a Common Collateral Agent), as the same may be amended, restated, supplemented, waived and/or otherwise modified from time to time in accordance with the terms thereof and of this Agreement.

"**Participant**" has the meaning assigned to such term in <u>Section 9.05(c)</u>.

"**Participant Register**" has the meaning assigned to such term in <u>Section 9.05(c)</u>.

"**Participating Member State**" means any member state of the European Union that has the euro as its lawful currency in accordance with legislation of the European Union relating to Economic and Monetary Union.

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"**Patent**" means patents and patent applications, together with all inventions, designs or improvement described or claimed therein, and all reissues, reexaminations, divisions, continuations, renewals, extensions and continuations in part thereof.

"**PBGC**" means the Pension Benefit Guaranty Corporation.

"**Pension Plan**" means any employee pension benefit plan, as defined in Section 3(2) of ERISA (other than a Multiemployer Plan), that is subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and that the Parent Guarantor, any of its Restricted Subsidiaries or any ERISA Affiliate maintains or contributes to, or has an obligation to contribute to, or otherwise has any liability for.

"**Perfection Certificate**" means the Perfection Certificate in the form agreed between the Parent Guarantor and the Administrative Agent and delivered on the Availability Date.

**<u>"Perfection Certificate Supplement" means a Perfection Certificate Supplement substantially in the form of Exhibit M, with such modifications to such form as may be approved by the Administrative Agent and the Parent Guarantor.</u>** 

"**Perfection Requirements**" means (a) with respect to any Domestic Loan Party, (i) the filing of appropriate financing statements with the office of the Secretary of State or other appropriate office in the state of organization of such Loan Party, (ii) the proper recording or filing, as applicable, of Mortgages and fixture filings with respect to any Material Real Estate Asset constituting Collateral, in each case in favor of the Domestic Collateral Agent for the benefit of the Secured Parties, (iii) the filing of <u>U.S.</u> Intellectual Property Security Agreements with the U.S. Patent and Trademark Office and/or the U.S. Copyright Office, as applicable, (iv) the delivery to the Domestic Collateral Agent (or its bailee) of any stock certificate or promissory note to the extent required to be delivered by the applicable Loan Documents and (v) other filings, recordings and registrations necessary to perfect the Liens on the Collateral granted by the Domestic Loan Parties in favor of the Domestic Collateral Agent or to enforce the rights of the Domestic Collateral Agent, the Administrative Agent and the Secured Parties under the Loan Documents and (b) subject to the Agreed Security Principles and the other provisions of the Loan Documents, with respect to any Foreign Loan Party, the taking of any actions required under applicable foreign law to validly create, protect or perfect the Liens on the Collateral granted by such Loan Party in favor of the applicable Collateral Agent, for the benefit of the Secured Parties.

"**Permitted Acquisition**" means any acquisition by the Parent Guarantor or any of its Restricted Subsidiaries, whether by purchase, merger, amalgamation or otherwise, of all or a substantial portion of the assets of, or any division, line of business, business unit or product line (including research and development and related assets in respect of any product line, product or facility) of, any Person or of a majority of the outstanding Capital Stock of any Person (and, in any event, including any Investment in (x) any Restricted Subsidiary which serves to increase the Parent Guarantor's or any Restricted Subsidiary's respective equity ownership in such Restricted Subsidiary or (y) any Joint Venture which serves to increase the Parent Guarantor's or any Restricted Subsidiary's respective equity ownership in such Joint Venture and, as a result of such Investment, results in such Joint Venture becoming a Restricted Subsidiary); <u>provided</u> that (a) the target Person, assets, business or division in respect of such acquisition is a business permitted under <u>Section 5.14</u> and (b) at the time of the consummation of such acquisition and after giving pro forma effect thereto and all the related transactions, (i) no Specified Event of Default has occurred and is continuing and (ii) the Parent Guarantor shall be in compliance with the Financial Covenants on a Pro Forma Basis (calculated as of the last day of or for the Test Period then most recently ended and, in the case of any such acquisition that is a Qualifying Acquisition, giving effect to any election to increase the Total Leverage Ratio applicable pursuant to <u>Section 6.10(a)</u> that the Parent Guarantor intends to make in accordance with the terms of such Section, it being understood that the Parent Guarantor shall then be obligated to make such election upon the consummation of such Qualifying Acquisition).

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"**Permitted Bond Hedge Transaction**" means any bond hedge or call or capped call option (or similar transaction) on or linked to the Parent Guarantor's Qualified Capital Stock and purchased in connection with the issuance of any Convertible Indebtedness; <u>provided</u> that the purchase price for such Permitted Bond Hedge Transaction, less the proceeds received from the sale of any related Permitted Warrant Transaction, does not exceed the net proceeds received from the sale of such Convertible Indebtedness.

"**Permitted Encumbrances**" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Liens for Taxes or other governmental charges that (i) are not overdue for a period of more than 60 days, (ii) are not at such time required to be paid pursuant to <u>Section 5.04</u>, (iii) are being contested in accordance with <u>Section 5.04</u> or (iv) with respect to which the failure to make payment would not reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) carriers', warehousemen's, mechanics', materialmen's, repairmen's, landlords', workmen's, suppliers' and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that (i) are not overdue by more than 60 days or (ii) are being contested in accordance with <u>Section 5.03</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) Liens, pledges and deposits made in the ordinary course of business in compliance with workers' compensation, unemployment insurance and other social security laws or regulations (including to support letters of credit or bank guarantees supporting any of the foregoing) and (ii) Liens, pledges or deposits in the ordinary course of business securing liability for premiums or reimbursement or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing insurance to the Parent Guarantor or any Restricted Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Liens or deposits to secure the performance of bids, trade contracts, governmental contracts, tenders, statutory bonds, leases, statutory obligations, surety, stay, customs, appeal and replevin bonds, performance bonds and other obligations of a like nature (including those to secure health, safety and environmental obligations), in each case in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) (i) Liens on assets securing judgments, awards, attachments and/or decrees and notices of lis pendens and associated rights relating to litigation (including appeal bonds) being contested in good faith and not constituting an Event of Default under <u>Section 7.01(k)</u> and (ii) any cash deposits securing any settlement of litigation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) easements, restrictions (including zoning restrictions), rights-of-way, covenants, licenses, encroachments, oil and gas leases, protrusions and similar encumbrances and minor title defects affecting real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not materially interfere with the ordinary conduct of business of the Parent Guarantor or any Restricted Subsidiary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any interest or title of a lessor, sublessor, licensor or sublicensor under any lease, sublease, license or sublicense entered into by the Parent Guarantor or any other Restricted Subsidiary in the ordinary course of its business and covering only the assets so leased;

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<u>provided</u> that the term "Permitted Encumbrances" shall not include any Lien securing Indebtedness (other than letters of credit and bank guarantees referred to in clause (c) above).

"**Permitted Guarantee**" means any Guarantee by the Parent Guarantor or any Restricted Subsidiary of Indebtedness of any Restricted Subsidiary, which Guarantee is incurred using available capacity under <u>Section 6.01(t)</u>, <u>6.01(bb)</u> and/or <u>6.01(cc)</u>; <u>provided</u> that (a) the amount of such Guarantee shall be treated as outstanding Indebtedness for borrowed money for purposes of determining available capacity under such Section (including for purposes of determining available capacity with respect to whether or not any such Guarantee would be permitted to be incurred under any such Section) and, in the case of <u>Section 6.01(cc)</u>, for purposes of determining available capacity under the Incremental Cap (it being agreed that, for purposes of determining available capacity under the Incremental Cap, such Guarantees shall be treated as unsecured Indebtedness), and, notwithstanding anything to the contrary in <u>Section 1.04(e)</u>, may not be classified or reclassified to any other clause of <u>Section 6.01</u>, and (b) in the case of any such Guarantee incurred under <u>Section 6.01(cc)</u>, (i) such Guarantee may only be provided by a Loan Party and (ii) such Guarantee may not be secured (other than pledges of Capital Stock permitted by <u>Sections 6.01(x)</u> and <u>6.01(y)</u>) by any assets of the Parent Guarantor or any Restricted Subsidiary (it being agreed that such Guarantee shall not otherwise be subject to the requirements of the definition of Incremental Equivalent Debt).

"**Permitted Liens**" means Liens permitted pursuant to <u>Section 6.02</u>.

"**Permitted Payee**" means any future, current or former director, officer, member of management, manager, employee, independent contractor or consultant (or any Affiliate or transferee of any of the foregoing) of the Parent Guarantor or any Restricted Subsidiary.

"**Permitted Receivables Facility**" means any facility providing for (a) the factoring, sale or pledge by the Parent Guarantor or its Restricted Subsidiaries (other than a Receivables Entity) of Receivables and Permitted Receivables Related Assets to a Receivables Entity, which in turn shall sell or pledge interests in such Receivables and Permitted Receivables Related Assets to third-party lenders or investors as part of a Receivables backed financing program (with the Receivables Entity permitted to issue investor certificates, purchased interest certificates or other similar documentation evidencing interests in such Receivables and Permitted Receivables Related Assets) in return for the cash used by the Receivables Entity to purchase such Receivables and Permitted Receivables Related Assets from the Parent Guarantor or is Restricted Subsidiaries or (b) the factoring, sale or pledge by the Parent Guarantor or its Restricted Subsidiaries (other than a Receivables Entity) of Receivables and Permitted Receivables Related Assets to third-party lenders or investors as part of a Receivables-backed financing program, in each case on terms reasonably customary for transactions of this type.

"**Permitted Receivables Facility Assets**" means (a) Receivables (whether now existing or arising in the future) of Restricted Subsidiaries which are transferred or pledged pursuant to any Permitted Receivables Facility and any related Permitted Receivables Related Assets which are also so transferred or pledged and all proceeds thereof and (b) loans to the Parent Guarantor or any Restricted Subsidiary (other than a Receivables Entity) secured by Receivables (whether now existing or arising in the future) of the Parent Guarantor and the Restricted Subsidiaries which are made pursuant to any Permitted Receivables Facility.

"**Permitted Receivables Facility Documents**" means each of the documents and agreements entered into in connection with the Permitted Receivables Facility, including all documents and agreements relating to the issuance, funding and/or purchase of certificates and purchased interests, all of which documents and agreements shall be in form and substance reasonably customary for transactions of this type, in each case as such documents and agreements may be amended, modified, supplemented,

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refinanced or replaced from time to time so long as (in the good faith determination of the Administrative Borrower) either (i) the terms as so amended, modified, supplemented, refinanced or replaced are reasonably customary for transactions of this type or (ii) any such amendments, modifications, supplements, refinancings or replacements do not impose any conditions or requirements on the Parent Guarantor or any of its Restricted Subsidiaries that are more restrictive in any material respect than those in existence immediately prior to any such amendment, modification, supplement, refinancing or replacement.

"**Permitted Receivables Related Assets**" means any assets that are customarily transferred or in respect of which security interests are customarily granted in connection with Receivables-backed financing programs (including factoring programs) and any collections or proceeds of any of the foregoing.

"**Permitted Tax Restructuring**" means any reorganization and other activities related to tax planning and tax reorganization by the Parent Guarantor and its Restricted Subsidiaries, so long as such reorganization and other activities are not materially adverse to the Lenders (as reasonably determined by the Parent Guarantor).

"**Permitted Treasury Arrangements**" means Banking Services entered into in the ordinary course of business and any transactions between or among the Parent Guarantor and its Restricted Subsidiaries that are entered into in the ordinary course of business in connection with such Banking Services.

"**Permitted Warrant Transaction**" means any call option, warrant or right to purchase (or similar transaction), on or linked to the Parent Guarantor's Qualified Capital Stock, regardless of the issuer or seller thereof, issued substantially concurrently with any purchase of a related Permitted Bond Hedge Transaction.

"**Person**" means any natural person, corporation, exempted company, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or any other entity.

"**Polish Civil Code**" means the Polish Civil Code dated 23 April 1964, as amended.

"**Polish Civil Procedure Code**" means the Polish Civil Procedure Code dated 17 November 1964, as amended.

"**Polish Collateral Documents**" means any Collateral Document governed (or expressed to be governed) by Polish law, together with any powers of attorney, assignments and financing statements, in each case now or hereafter executed by any Loan Party and delivered to any Collateral Agent that are intended to create, perfect or evidence Liens on assets of any Loan Party to secure the Parallel Debt.

"**Polish Commercial Companies Code**" means the Polish Commercial Companies Code dated 15 September 2000, as amended.

"**Polish Corporate Income Tax Act**" means the Act of 15 February 1992 on Corporate Income Tax (*Ustawa o podatku dochodowym od osób prawnych*), together with related regulations and guidelines, all as amended and applicable from time to time.

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"**Polish Guarantor**" means any Subsidiary Guarantor incorporated in Poland and/or having its registered office *(siedziba*) in Poland and/or qualifying as a Polish tax resident pursuant to Article 3(1) of the Polish Corporate Income Tax Act.

"**Polish Insolvency Law**" means the Polish Insolvency Law dated 28 February 2003, as amended.

"**Polish Restructuring Law**" means the Polish Restructuring Law dated 15 May 2015, as amended.

"**Polish Tax Authority**" means relevant tax offices (*urzędy skarbowe*) competent pursuant to the Polish Tax Ordinance Act.

"**Polish Tax Ordinance Act**" means the Act of 29 August 1997 - Tax Ordinance (*Ustawa - Ordynacja podatkowa*), together with related regulations and guidelines, all as amended and applicable from time to time.

"**Polish Withholding Tax**" means withholding tax (*podatek u źródła*) imposed under the Polish Corporate Income Act.

"**Pre-Spin Dividend**" has the meaning assigned to such term in the Recitals to this Agreement.

"**Prepayment Asset Sale**" means any Disposition by the Parent Guarantor or its Restricted Subsidiaries made pursuant to <u>Section 6.06(h)</u>.

"**Previously Designated Unrestricted Subsidiary**" has the meaning assigned to such term in <u>Section 5.10</u>.

"**Prime Rate**" means the rate of interest last quoted by The Wall Street Journal as the "Prime Rate" in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the "bank prime loan" rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Administrative Agent). Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective.

"**Pro Forma Basis**" or "**pro forma effect**" means, with respect to any determination of the Total Leverage Ratio, the First Lien Leverage Ratio, the Secured Leverage Ratio, the Interest Coverage Ratio, Consolidated Adjusted EBITDA, Consolidated Net Income or Consolidated Total Assets (including component definitions thereof) in connection with any Subject Transaction, that such Subject Transaction and each other Subject Transaction required to be given pro forma effect pursuant to <u>Section 1.04(b)</u> shall be deemed to have occurred as of the first day of the applicable Test Period (or, in the case of Consolidated Total Assets (or with respect to any determination pertaining to the balance sheet, including the acquisition of Cash and Cash Equivalents in connection with an acquisition of a Person, business line, unit, division or product line), as of the last day of such Test Period) and that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i) in the case of (A) any Disposition of all or substantially all of the Capital Stock of any Restricted Subsidiary or any division, line of business, business unit and/or product line of the Parent Guarantor or any Restricted Subsidiary or (B) any designation of a Restricted Subsidiary as an Unrestricted Subsidiary, income statement items (whether positive or negative) attributable to the property or Person subject to such Subject Transaction shall be excluded as of

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the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made and (ii) in the case of any Permitted Acquisition, Investment and/or designation of an Unrestricted Subsidiary as a Restricted Subsidiary described in the definition of the term "Subject Transaction", income statement items (whether positive or negative) attributable to the property or Person subject to such Subject Transaction shall be included as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made; <u>provided</u> that any pro forma adjustment may be applied to any such test or covenant solely to the extent that such adjustment is consistent with, subject to the limitations set forth in and without duplication with respect to the application of, the definition of "Consolidated Adjusted EBITDA";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any Expected Cost Savings as a result of any Cost Saving Initiative shall be calculated on a pro forma basis as though such Expected Cost Savings had been realized on the first day of the applicable Test Period and as if such Expected Cost Savings were realized in full during the entirety of such period; <u>provided</u> that any pro forma adjustment may be applied to any such test or covenant solely to the extent that such adjustment is consistent with, subject to the limitations set forth in and without duplication with respect to the application of, the definition of "Consolidated Adjusted EBITDA";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any retirement or repayment of Indebtedness shall be deemed to have occurred as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any Indebtedness incurred by the Parent Guarantor or any of its Restricted Subsidiaries in connection therewith shall be deemed to have occurred as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made; <u>provided</u> that (i) if such Indebtedness has a floating or formula rate, such Indebtedness shall have an implied rate of interest for the applicable Test Period for purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness at the relevant date of determination (taking into account any interest hedging arrangements applicable to such Indebtedness), (ii) interest on any obligation with respect to any Capital Lease Obligation shall be deemed to accrue at an interest rate determined by a Responsible Officer of the Parent Guarantor in good faith to be the rate of interest implicit in such obligation in accordance with GAAP and (iii) interest on any Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, an interbank offered rate or other rate shall be determined to have been based upon the rate actually chosen, or if none, then based upon such optional rate chosen by the Parent Guarantor.

Notwithstanding anything to the contrary set forth in the immediately preceding paragraph, for the avoidance of doubt, when calculating the Total Leverage Ratio or the First Lien Leverage Ratio, as applicable, for purposes of the definitions of "Applicable Rate" and "Required Excess Cash Flow Percentage" and when calculating the Total Leverage Ratio or Interest Coverage Ratio for purposes of <u>Section 6.10</u> (other than for the purpose of determining pro forma compliance with <u>Section 6.10</u> as a condition to taking any action under this Agreement), the events described in the immediately preceding paragraph that occurred subsequent to the end of the applicable Test Period shall not be given pro forma effect.

"**Promissory Note**" means a promissory note of a Borrower payable to any Lender or its registered assigns, in substantially the form of <u>Exhibit H</u> hereto, evidencing the aggregate outstanding principal amount of Loans of such Borrower owed to such Lender resulting from the Loans made by such Lender.

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"**PTE**" means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

"**Public Lender**" has the meaning assigned to such term in <u>Section 5.01</u>.

"**Qualified Capital Stock**" of any Person means any Capital Stock of such Person that is not Disqualified Capital Stock.

"**Qualifying Acquisition**" means any acquisition by the Parent Guarantor or any Restricted Subsidiary in which the sum of (a) total consideration paid or payable by the Parent Guarantor and its Restricted Subsidiaries (including refinancing of any Indebtedness of the acquired Person) and (b) the aggregate principal amount of existing Indebtedness of the acquired Person (or the acquired division, product line or other business unit) assumed by the Parent Guarantor and its Restricted Subsidiaries is US$300,000,000 or more<u>**; provided that no acquisition consummated as part of the Spin-Off Transactions shall constitute a Qualifying Acquisition**</u>.

<u>"**Ratings Condition**" has the meaning assigned to such term in Section</u> **<u>9.25.</u>**

"**Ratio Interest Expense**" means, with respect to any period, (a) total cash interest expense of the Parent Guarantor and its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP, but (i) including the interest component of any payment under any Capital Lease Obligation (regardless of whether accounted for as interest expense under GAAP) and (ii) excluding, without duplication and to the extent otherwise included therein, (A) amortization, accretion or accrual of deferred financing fees, original issue discount, debt issuance costs, discounted liabilities, commissions, fees and expenses, (B) any expense arising from any bridge, commitment, structuring and/or other financing fee (including fees and expenses associated with the Transactions and agency and trustee fees, but excluding any fees of the type described in <u>Section 2.12(a)</u> or <u>2.12(b)</u>), (C) any expense resulting from the discounting of Indebtedness in connection with the application of recapitalization accounting or, if applicable, acquisition accounting, (D) fees and expenses associated with any Dispositions, acquisitions, Investments, issuances of Capital Stock or Indebtedness (in each case, whether or not consummated), (E) costs associated with obtaining, or breakage costs in respect of, any Hedge Agreement or any other derivative instrument, other than any interest rate Hedge Agreement or interest rate derivative instrument with respect to Indebtedness, (F) penalties and interest relating to Taxes, (G) any payments with respect to make-whole, prepayment or repayment premiums or other breakage costs of any Indebtedness, (H) any interest expense attributable to the exercise of appraisal rights or other rights of dissenting shareholders and the settlement of any claims or actions (whether actual, contingent or potential) with respect thereto in connection with any acquisition or Investment permitted hereunder, (I) any lease, rental or other expense in connection with a Non-Capital Lease Obligation and (J) for the avoidance of doubt, any non-cash interest expense attributable to any movement in the mark to market valuation of any obligation under any Hedge Agreement or any other derivative instrument and/or any payment obligation arising under any Hedge Agreement or derivative instrument <u>minus</u> (b) cash interest income for such period. For purposes of this definition, (x) interest in respect of any Capital Lease Obligation shall be deemed to accrue at an interest rate determined by the Parent Guarantor in good faith to be the rate of interest implicit in such Capital Lease Obligation in accordance with GAAP and (y) for the avoidance of doubt, unless already included in the calculation of interest expense, interest expense shall be calculated after giving effect to any payments made or received under any Hedge Agreement or any other derivative instrument with respect to Indebtedness.

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"**Ratings Condition**" has the meaning assigned to such term in <u>Section</u> <u>9.26.</u>

"**Real Estate Asset**" means all right, title and interest of any Loan Party in and to all real property owned by such Loan Party and all real property leased or subleased by such Loan Party (in each case including, but not limited to, land, improvements and fixtures thereon).

"**Receivables Entity**" means a wholly owned Restricted Subsidiary of the Parent Guarantor which engages in no activities other than in connection with Receivables-based financing program (including factoring programs) and (a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by the Parent Guarantor or any other Restricted Subsidiary (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness)) pursuant to Standard Securitization Undertakings, (ii) is recourse to or obligates the Parent Guarantor or any other Restricted Subsidiary in any way (other than pursuant to Standard Securitization Undertakings) or (iii) subjects any property or asset of the Parent Guarantor or any other Restricted Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings, (b) with which neither the Parent Guarantor nor any of its other Restricted Subsidiaries has any contract, agreement, arrangement or understanding (other than pursuant to the Permitted Receivables Facility Documents (including with respect to fees payable in the ordinary course of business in connection with the servicing of accounts receivable and related assets)) on terms less favorable to the Parent Guarantor or such Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Parent Guarantor, and (c) to which neither the Parent Guarantor nor any other Restricted Subsidiary of the Parent Guarantor has any obligation to maintain or preserve such entity's financial condition or cause such entity to achieve certain levels of operating results.

"**Recipient**" has the meaning assigned to such term in <u>Section 2.17(j)</u>.

"**Reclassifiable Item**" has the meaning assigned to such term in <u>Section 1.03(b)</u>.

"**Reference Time**" with respect to any setting of the then-current Benchmark means (a) if such Benchmark is the Term SOFR, 5:00 a.m., Chicago time, on the day that is two U.S. Government Securities Business Days preceding the date of such setting, (b) if such Benchmark is the EURIBOR, 11:00 a.m., Brussels time, two TARGET Days preceding the date of such setting, (c) if such Benchmark is the Term CORRA, 1:00 p.m., Toronto time, on the day that is two Business Days preceding the date of such setting, (d) if the RFR for such Benchmark is SONIA, then four RFR Business Days prior to such setting, (e) if the RFR for such Benchmark is Daily Simple SOFR, then four RFR Business Days prior to such setting, (f) if the RFR for such Benchmark is Daily Simple CORRA, then four RFR Business Days prior to such setting or (g) otherwise, the time determined by the Administrative Agent in its reasonable discretion.

"**Refinancing Amendment**" means an amendment to this Agreement that is reasonably satisfactory to the Administrative Agent and the Parent Guarantor executed by (a) the applicable Borrower(s), and, if applicable, any other Loan Parties, (b) the Administrative Agent and (c) each Lender that agrees to provide all or any portion of the Replacement Term Loans or the Replacement Revolving Facility, as applicable, being incurred pursuant thereto and in accordance with <u>Section 9.02(c)</u>; <u>provided</u>, <u>however</u>, that any amendment that adversely affects the rights or duties of any Collateral Agent shall require the prior written consent of such Collateral Agent.

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"**Refinancing Indebtedness**" has the meaning assigned to such term in <u>Section 6.01(z)</u>.

"**Refunding Capital Stock**" has the meaning assigned to such term in <u>Section 6.04(a)(vi)</u>.

"**Register**" has the meaning assigned to such term in <u>Section 9.05(b)</u>.

"**Regulated Bank**" means an Approved Bank that is (i) a U.S. depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation; (ii) a corporation organized under section 25A of the U.S. Federal Reserve Act of 1913; (iii) a branch, agency or commercial lending company of a foreign bank operating pursuant to approval by and under the supervision of the Federal Reserve Board under 12 CFR part 211; (iv) a non-U.S. branch of a foreign bank managed and controlled by a U.S. branch referred to in <u>clause (iii)</u>; or (v) any other U.S. or non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory authority in any jurisdiction.

"**Regulation D**" means Regulation D of the Federal Reserve Board as from time to time in effect and all official rulings and interpretations thereunder or thereof.

"**Regulation U**" means Regulation U of the Federal Reserve Board as from time to time in effect and all official rulings and interpretations thereunder or thereof.

"**Regulation X**" means Regulation X of the Federal Reserve Board as from time to time in effect and all official rulings and interpretations thereunder or thereof.

"**Reinstatement Date**" has the meaning assigned to such term in <u>Section</u> <u>9.26</u><u>**9.25**</u>.

"**Reinvestment Period**" has the meaning assigned to such term in <u>Section 2.11(b)(ii)(A)</u>.

"**Related Funds**" means with respect to any Lender that is an Approved Fund, any other Approved Fund that is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor.

"**Related Parties**" means, with respect to any specified Person, such Person's Affiliates and the respective directors, managers, officers, trustees, employees, partners, agents, advisors and other representatives of such Person and such Person's Affiliates.

"**Relevant Governmental Body**" means (a) with respect to a Benchmark Replacement in respect of Loans denominated in U.S. Dollars, the Federal Reserve Board and/or the NYFRB, or a committee officially endorsed or convened by the Federal Reserve Board and/or the NYFRB or, in each case, any successor thereto, (b) with respect to a Benchmark Replacement in respect of Loans denominated in Sterling, the Bank of England, or a committee officially endorsed or convened by the Bank of England or, in each case, any successor thereto, (c) with respect to a Benchmark Replacement in respect of Loans denominated in Euros, the European Central Bank, or a committee officially endorsed or convened by the European Central Bank or, in each case, any successor thereto, (d) with respect to a Benchmark Replacement in respect of Loans denominated in Canadian Dollars, Bank of Canada or a committee officially endorsed or convened by Bank of Canada or, in each case, any successor thereto, (e) with respect to a Benchmark Replacement in respect of Loans denominated in Mexican Pesos, Banco de México, or a committee officially endorsed or convened by Banco de México or, in each case, any successor thereto, and (f) with respect to a Benchmark Replacement in respect of Loans denominated in

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any other currency, (i) the central bank for the currency in which such Benchmark Replacement is denominated or any central bank or other supervisor which is responsible for supervising either (A) such Benchmark Replacement or (B) the administrator of such Benchmark Replacement or (ii) any working group or committee officially endorsed or convened by (A) the central bank for the currency in which such Benchmark Replacement is denominated, (B) any central bank or other supervisor that is responsible for supervising either (x) such Benchmark Replacement or (y) the administrator of such Benchmark Replacement, (C) a group of those central banks or other supervisors or (D) the Financial Stability Board or any part thereof.

"**Relevant Rate**" means (a) with respect to any Term Benchmark Borrowing denominated in U.S. Dollars, the Term SOFR, (b) with respect to any Term Benchmark Borrowing denominated in Euros, the Adjusted EURIBOR, (c) with respect to any Term Benchmark Borrowing denominated in Canadian Dollars, the Adjusted Term CORRA, (d) with respect to any Term Benchmark Borrowing denominated in Mexican Pesos, the Adjusted TIIE Rate, (e) with respect to any RFR Borrowing denominated in Sterling, the Daily Simple SONIA, (f) with respect to any RFR Borrowing denominated in U.S. Dollars, the Daily Simple SOFR or (g) with respect to any RFR Borrowing denominated in Canadian Dollars, the Adjusted Daily Simple CORRA.

"**Relevant Screen Rate**" means (a) with respect to any Term Benchmark Borrowing denominated in U.S. Dollars, the Term SOFR Reference Rate (b) with respect to any Term Benchmark Borrowing denominated in Euros, the EURIBOR Screen Rate, (c) with respect to any Term Benchmark Borrowing denominated in Canadian Dollars, the Term CORRA, or (d) with respect to any Term Benchmark Borrowing denominated in Mexican Pesos, the Funding TIIE Composed in Advance, as applicable.

"**Replaced Revolving Facility**" has the meaning assigned to such term in <u>Section 9.02(c)</u>.

"**Replaced Term Loans**" has the meaning assigned to such term in <u>Section 9.02(c)</u>.

"**Replacement Debt**" means any Refinancing Indebtedness (whether borrowed in the form of secured or unsecured loans, issued in a public offering, Rule 144A under the Securities Act or other private placement or bridge financing in lieu of the foregoing or otherwise) incurred in respect of Indebtedness permitted under <u>Section 6.01(a)</u> (and any subsequent refinancing of such Replacement Debt).

"**Replacement Revolving Facility**" has the meaning assigned to such term in <u>Section 9.02(c)</u>.

"**Replacement Term Loans**" has the meaning assigned to such term in <u>Section 9.02(c)</u>.

"**Representatives**" has the meaning assigned to such term in <u>Section 9.13</u>.

"**Required Excess Cash Flow Percentage**" means, as of any date of determination, (a) if the First Lien Leverage Ratio is greater than 2.00:1.00, 50%, (b) if the First Lien Leverage Ratio is less than or equal to 2.00:1.00 and greater than 1.50:1.00, 25% and (c) if the First Lien Leverage Ratio is less than or equal to 1.50:1.00, 0%; it being understood and agreed that, for purposes of this definition as it applies to the determination of the amount of Excess Cash Flow that is required to be applied to prepay Subject Loans under <u>Section 2.11(b)(i)</u> with respect to any Fiscal Year, the First Lien Leverage Ratio shall be determined on the scheduled date of prepayment (after giving pro forma effect to such prepayment and to any other repayment or prepayment at or prior to the time such Excess Cash Flow prepayment is due).

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"**Required Lenders**" means, at any time, Lenders having Term Loans, Revolving Credit Exposure or unused Commitments representing more than 50% of the sum of the aggregate principal amount of the Term Loans, the total Revolving Credit Exposure and the total unused Commitments at such time.

"**Required RCF/TLA Lenders**" means, at any time, Lenders having Term A Loans, Term Loan A Commitments, Revolving Credit Exposures and unused Revolving Credit Commitments representing more than 50% of the sum of the aggregate principal amount of the Term A Loans, the total Term Loan A Commitments, the total Revolving Credit Exposures and the total unused Revolving Credit Commitments at such time.

"**Required Revolving Lenders**" means, at any time, Lenders having Revolving Credit Exposures and unused Revolving Credit Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and the total unused Revolving Credit Commitments at such time.

"**Resolution Authority**" means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

"**Responsible Officer**" of any Person means the chief executive officer, the president, the chief financial officer, the treasurer, any assistant treasurer, any executive vice president, any senior vice president, any vice president, any director (or manager) or the chief operating officer of such Person and any other individual or similar official thereof responsible for the administration of the obligations of such Person in respect of this Agreement or any other Loan Document, and, as to any document delivered on the Effective Date or the Availability Date, shall include any secretary or assistant secretary or any other individual or similar official thereof with substantially equivalent responsibilities of such Person and, solely for purposes of notices given pursuant to <u>Article 2</u>, any other officer of the applicable Borrower so designated by any of the foregoing officers in a written notice to the Administrative Agent, the Domestic Collateral Agent and the Foreign Collateral Agent (including, for the avoidance of doubt, by electronic means). Without limiting the representations and warranties set forth in the Loan Document, any document delivered hereunder that is signed by a Responsible Officer of any Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party, and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party.

"**Restricted Amount**" has the meaning assigned to such term in <u>Section 2.11(b)(iv)</u>.

"**Restricted Debt**" means any Junior Indebtedness to the extent the outstanding principal amount thereof is equal to or greater than the greater of US$130,000,000 and 15% of Consolidated Adjusted EBITDA for the most recently ended Test Period.

"**Restricted Debt Payments**" has the meaning assigned to such term in <u>Section 6.04(b)</u>.

"**Restricted Lender**" has the meaning assigned to such term in <u>Section 1.16</u>.

"**Restricted Payment**" means (a) any dividend or other distribution on account of any shares of any class of the Capital Stock of the Parent Guarantor or any Restricted Subsidiary, except a dividend payable solely in shares of its Qualified Capital Stock (or in options, warrants or other rights to purchase such Qualified Capital Stock) to the holders of such class, (b) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value of any shares of any class of the Capital Stock of the Parent Guarantor or any Restricted Subsidiary and (c) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of the

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Capital Stock of the Parent Guarantor or any Restricted Subsidiary now or hereafter outstanding (other than Convertible Indebtedness or Packaged Rights). The amount of any Restricted Payment (other than Cash) shall be the fair market value, as determined in good faith by the Parent Guarantor on the date of such Restricted Payment (or on another date applicable pursuant to <u>Section 1.04(d)</u>), of the assets or securities proposed to be transferred or issued by the Parent Guarantor or any Restricted Subsidiary pursuant to such Restricted Payment. For the avoidance of doubt, any payment on account of any Indebtedness convertible into or exchangeable for Capital Stock shall be deemed not to be a Restricted Payment.

"**Restricted Subsidiary**" means any Subsidiary of the Parent Guarantor that is not an Unrestricted Subsidiary.

"**Reuters**" means, as applicable, Thomson Reuters Corporation, Refinitiv, or any successor thereto.

"**Revaluation Date**" means (a) with respect to any Revolving Loan denominated in any Alternative Currency, each of the following: (i) the date of the borrowing of such Loan and (ii) (A) with respect to any Term Benchmark Loan, each date of a conversion into or continuation of such Loan pursuant to the terms of this Agreement and (B) with respect to any RFR Loan, each date that is on the numerically corresponding day in each calendar month that is one month after the date of the Borrowing of which such Loan is a part (or, if there is no such numerically corresponding day in such month, then the last day of such month); (b) with respect to any Letter of Credit denominated in an Alternative LC Currency, each of the following: (i) the date on which such Letter of Credit is issued, (ii) the first Business Day of each calendar month and (iii) the date of any amendment of such Letter of Credit that has the effect of increasing the face amount thereof; and (c) any additional date as the Administrative Agent may reasonably determine at any time when an Event of Default exists.

"**Revolving Availability Period**" means the period from and including the Availability Date and until the termination of the Initial Revolving Credit Commitments in accordance with the terms hereof.

"**Revolving Borrowing**" means any Borrowing comprised of Revolving Loans.

"**Revolving Credit Borrowers**" means (a) Cyprium US, Cyprium Luxembourg and, as to any Revolving Facility, each Additional Borrower with respect to such Revolving Facility and (b) with respect to any Revolving Credit Borrower, any Successor Borrower thereto.

"**Revolving Credit Commitment**" means any Initial Revolving Credit Commitment and any Additional Revolving Credit Commitment.

"**Revolving Credit Exposure**" means, with respect to any Lender at any time, the aggregate amount at such time of such Lender's Initial Revolving Credit Exposure and Additional Revolving Credit Exposure.

"**Revolving Facility**" means any of the Initial Revolving Facility, any Incremental Revolving Facility, any Extended Revolving Facility and any Replacement Revolving Facility.

"**Revolving Lender**" means any Initial Revolving Lender and any Additional Revolving Lender.

"**Revolving Loans**" means any Initial Revolving Loans and any Additional Revolving Loans.

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"**RFR**" means (a) for any RFR Loan denominated in Sterling, SONIA, (b) for any RFR Loan denominated in U.S. Dollars, Daily Simple SOFR and (c) for any RFR Loan denominated in Canadian Dollars, Daily Simple CORRA.

"**RFR Borrowing**" means any Borrowing comprised of the RFR Loans.

"**RFR Business Day**" means (a) for any Loan denominated in Sterling, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which banks are closed for general business in London, (b) for any Loan denominated in U.S. Dollars, a U.S. Government Securities Business Day and (c) for any Loan denominated in Canadian Dollars, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which commercial banks in Toronto are authorized or required by law to remain closed.

"**RFR Loan**" means a Loan that bears interest at a rate based on the Daily Simple RFR.

"**S&P**" means S&P Global Ratings, and any successor to its rating agency business.

"**Sale and Lease-Back Transaction**" has the meaning assigned to such term in <u>Section 6.07(b)</u>.

"**Sanctioned Country**" means, at any time, a country, region or territory which is itself the subject or target of any Sanctions that broadly prohibit dealings with that country, region or territory (as of the Effective Date, the so-called Donetsk People's Republic, the so-called Luhansk People's Republic, the Crimea, non-government controlled areas of the Kherson and Zaporizhzhia regions of Ukraine, Cuba, Iran and North Korea).

"**Sanctioned Person**" means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the United Nations Security Council, the European Union, any European Union member state, Switzerland or His Majesty's Treasury of the United Kingdom, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person 50% or more owned or controlled by any such Person or Persons described in the foregoing <u>clauses (a)</u> or <u>(b)</u>.

"**Sanctions**" means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union member state, Switzerland or His Majesty's Treasury of the United Kingdom, in each case, to the extent applicable to the Parent Guarantor and its Subsidiaries.

"**SEC**" means the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of its functions.

"**Secured Hedging Obligations**" means all Hedging Obligations (other than any Excluded Swap Obligations) under each Hedge Agreement that (a) is in effect on the Availability Date between the Parent Guarantor or any Restricted Subsidiary and a counterparty that is (or is an Affiliate of) the Administrative Agent, a Lender or an Arranger as of the Availability Date or any other Person that is reasonably acceptable to the Administrative Agent or (b) is entered into after the Availability Date between the Parent Guarantor or any Restricted Subsidiary and any counterparty that is (or is an Affiliate of) the Administrative Agent, any Lender or any Arranger at the time such Hedge Agreement is entered into or any other Person that is reasonably acceptable to the Administrative Agent, it being understood that each counterparty thereto shall be deemed (A) to appoint the Administrative Agent and each of the Collateral Agents as its agent under the applicable Loan Documents and (B) to agree to be bound by the

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provisions of <u>Article 8</u> (and all other protections, privileges, immunities and indemnities of the Administrative Agent and the Collateral Agents set forth in this Agreement or any other Loan Document), <u>Sections 9.04</u> and <u>9.10</u> and each Acceptable Intercreditor Agreement, in each case, as if it were a Lender.

"**Secured Leverage Ratio**" means the ratio, as of any date of determination, of (a) Consolidated Secured Debt as of such date to (b) Consolidated Adjusted EBITDA for the Test Period then most recently ended or the Test Period otherwise specified where the term "Secured Leverage Ratio" is used in this Agreement, in each case for the Parent Guarantor and its Restricted Subsidiaries.

"**Secured Parties**" means (a) the Lenders and the Issuing Banks, (b) the Administrative Agent, the Collateral Agents, the other Agents and the Arrangers, (c) each counterparty to a Hedge Agreement the obligations under which constitute Secured Hedging Obligations, (d) each provider of Banking Services the obligations under which constitute Banking Services Obligations and (e) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document.

"**Securities**" means any stock, shares, units, partnership interests, voting trust certificates, certificates of interest or participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known as "securities" or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing; <u>provided</u> that the term "Securities" shall not include any earn-out agreement or obligation or any employee bonus or other incentive compensation plan or agreement.

"**Securities Act**" means the Securities Act of 1933 and the rules and regulations of the SEC promulgated thereunder.

**<u>"Senior Unsecured Notes" means (a) the 6.125% Senior Notes due 2031 issued by Cyprium US and Cyprium Luxembourg as co-issuers</u>** **<u>in an aggregate principal amount</u>**  **<u>of US$800,000,000 and (b) the 6.375% Senior Notes due 2034 issued by Cyprium US and Cyprium Luxembourg as co-issuers in an aggregate principal amount of US$800,000,000, in each case, issued prior to the Availability Date.</u>**

**<u>"Separation Agreement" means the Separation and Distribution Agreement, dated as of the Spin-Off Effective Date, by and between Aptiv and the Parent Guarantor.</u>** 

"**Shared Incremental Amount**" means, as of any date of determination, the greater of US$650,000,000 and 75% of Consolidated Adjusted EBITDA for the most recently ended Test Period calculated on a Pro Forma Basis.

"**Similar Business**" means any Person the majority of the revenues of which are derived from a business that would be permitted by <u>Section 5.14</u> if the references to "Restricted Subsidiaries" in <u>Section 5.14</u> were read to refer to such Person.

"**SOFR**" means, a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

"**SOFR Administrator**" means the NYFRB (or a successor administrator of the secured overnight financing rate).

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"**SOFR Administrator's Website**" means the NYFRB's Website or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

"**Solvent**" and "**Solvency**" mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person's ability to pay such debts and liabilities as they become absolute and matured and (d) such Person is not engaged in any business, as conducted on such date and as proposed to be conducted following such date, for which such Person's property would constitute an unreasonably small capital. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

"**SONIA**" means, with respect to any Business Day, a rate per annum equal to the Sterling Overnight Index Average for such Business Day published by the SONIA Administrator on the SONIA Administrator's Website on the immediately succeeding Business Day.

"**SONIA Administrator**" means the Bank of England (or any successor administrator of the Sterling Overnight Index Average).

"**SONIA Administrator's Website**" means the Bank of England's website, currently at http://www.bankofengland.co.uk, or any successor source for the Sterling Overnight Index Average identified as such by the SONIA Administrator from time to time.

"**SONIA Borrowing**" means any Borrowing comprised of SONIA Loans.

"**SONIA Loan**" means any Loan that bears interest at a rate determined by reference to the Daily Simple SONIA.

"**SPC**" has the meaning assigned to such term in <u>Section 9.05(e)</u>.

"**Specified CFC**" means any Person that is either (a) a "controlled foreign corporation" within the meaning of Section 957 of the Code of any member of the Group that is a "United States shareholder" (within the meaning of Section 951(b) of the Code) or (b) a "foreign controlled foreign corporation" within the meaning of Section 951B of the Code 10% or more of which is directly or indirectly owned (within the meaning of Section 958(a) of the Code) by any member of the Group that is a "foreign controlled United States shareholder" (within the meaning of Section 951B of the Code).

"**Specified CFC Holdco**" means any Person substantially all of the assets of which consist of Capital Stock and/or Indebtedness in one or more (a) Specified CFCs and/or (b) Person(s) described in this definition.

"**Specified Event of Default**" means an Event of Default pursuant to <u>Section 7.01(a)</u>, <u>7.01(b)</u>, <u>7.01(h)</u> or <u>7.01(i)</u>.

"**Specified Provision**" has the meaning assigned to such term in <u>Section 1.16</u>.

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"**SpinCo Unsecured Financing**" means senior unsecured Indebtedness issued on or prior to the Spin-Off Effective Date, in an aggregate principal amount not to exceed US$1,350,000,000.

"**Spin-Off**" has the meaning assigned to such term in the Recitals to this Agreement.

"**Spin-Off Agreements**" has the meaning assigned to such term in the Recitals to this Agreement.

**<u>"Spin-Off Distribution Amount" means such aggregate amount of the Spin-Off Related Distributions as will not result, after giving effect to all the Spin-Off Related Distributions and to the payment of fees and expenses in connection with the Transactions on a pro forma basis (and disregarding proceeds of any Revolving Loans borrowed by the Revolving Borrowers</u>** <u>on or prior to the Spin-Off Effective Date</u>**<u>), in the aggregate amount of cash and Cash Equivalents of the Parent Guarantor and its Restricted Subsidiaries being less than US$400,000,000 as of the Spin-Off Effective Date.</u>** 

"**Spin-Off Effective Date**" means the date of the consummation of the Spin-Off.

**<u>"Spin-Off Related Distributions</u>**<u>" has the meaning assigned to such term in the Recitals to this Agreement.</u>

**<u>"Spin-Off Reorganization Transactions" means such reorganization transactions consummated, on or after the Availability Date and prior to the consummation of the Spin-Off, by Aptiv and its Subsidiaries as will result in (a) the Parent Guarantor being the parent company of all the EDS Subsidiaries and (b) the organizational structure of the Parent Guarantor and its Subsidiaries (for the avoidance of doubt, for this purpose disregarding the rules of construction as to the term "Subsidiary" set forth in Section 1.05) being as set forth on Schedule 3.15(b).</u>** 

"**Spin-Off Transactions**" means, collectively, the Spin-Off, the Pre-Spin Dividend<u>**Spin-Off Related Distributions, the Spin-Off Reorganization Transactions**</u> and the execution, delivery and performance of the Spin-Off Agreements.

**<u>"Spin-Off True-Up Payments" means all payments required to be made after the Spin-Off Effective Date by the Parent Guarantor or its Subsidiaries to Aptiv or its Subsidiaries, or by Aptiv or its Subsidiaries to the Parent Guarantor and its Subsidiaries, in each case, pursuant to Section 2.03(f) of the Separation Agreement</u>.** 

"**Standard Securitization Undertakings**" means representations, warranties, covenants and indemnities entered into by the Parent Guarantor or any Restricted Subsidiary in connection with a Permitted Receivables Facility which are reasonably customary in accounts receivable financing or factoring transactions.

"**Standstill Event of Default**" means any Event of Default that, pursuant to the express terms of <u>Section 7.01(d)</u> or <u>7.01(g)</u>, as applicable, does not constitute an Event of Default with respect to any Term B Loans or Term Loan B Commitments unless and until a Cross Default Trigger occurs with respect to such Event of Default.

"**Stated Amount**" means, with respect to any Letter of Credit, at any time, the maximum amount available to be drawn thereunder, in each case determined (a) as if any future automatic increases in the maximum available amount provided for in any such Letter of Credit had in fact occurred at such time and (b) without regard to whether any conditions to drawing could then be met but after giving effect to all previous drawings made thereunder.

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"**Statutory Reserve Rate**" means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentage (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Federal Reserve Board to which the Administrative Agent is subject with respect to Adjusted EURIBOR, Adjusted Term CORRA or Adjusted TIIE Rate, as applicable, for eurocurrency funding (currently referred to as "Eurocurrency liabilities" in Regulation D) or any other reserve ratio or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Loans. Such reserve percentage shall include those imposed pursuant to Regulation D. Term Benchmark Loans denominated in Euros, Canadian Dollars or Mexican Pesos shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

"**Sterling**" or "**£**" means the lawful money of the United Kingdom.

"**Subject Loans**" means, as of any date of determination, (a) Initial Term Loans and (b) any Additional Term Loans that are subject to ratable prepayment requirements in accordance with <u>Section 2.11(b)</u> on such date.

"**Subject Party**" has the meaning assigned to such term in <u>Section 2.17(j)</u>.

"**Subject Proceeds**" has the meaning assigned to such term in <u>Section 2.11(b)(ii)</u>.

"**Subject Subsidiary**" has the meaning assigned to such term in <u>Section 5.10</u>.

"**Subject Transaction**" means, with respect to any Test Period, (a) the Transactions, (b) any Permitted Acquisition or any other acquisition or similar Investment, whether by purchase, merger, amalgamation or otherwise, of all or substantially all of the assets of, or any business line, unit or division of, any Person or of a majority of the outstanding Capital Stock of any Person (and in any event including any Investment in (x) any Restricted Subsidiary the effect of which is to increase the Parent Guarantor's or any Restricted Subsidiary's respective equity ownership in such Restricted Subsidiary or (y) any Joint Venture for the purpose of increasing the Parent Guarantor's or its relevant Restricted Subsidiary's ownership interest in such Joint Venture), in each case that is permitted by this Agreement, (c) any Disposition of all or substantially all of the assets or Capital Stock of a Restricted Subsidiary (or any business unit, line of business or division of the Parent Guarantor or a Restricted Subsidiary) not prohibited by this Agreement, (d) the designation of a Restricted Subsidiary as an Unrestricted Subsidiary or an Unrestricted Subsidiary as a Restricted Subsidiary in accordance with <u>Section 5.10</u>, (e) any incurrence or repayment of Indebtedness (other than revolving Indebtedness), (f) any Cost Saving Initiative and/or (g) any other event that by the terms of the Loan Documents requires pro forma compliance with a test or covenant hereunder or requires such test or covenant to be calculated on a pro forma basis.

"**Subsidiary**" or "**subsidiary**" means, with respect to any Person, any corporation, exempted company, partnership, limited liability company, association, joint venture or other business entity of which more than 50% of the total voting power of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether directors,

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trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by such Person or one or more of the other subsidiaries of such Person or a combination thereof; <u>provided</u> that in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interests in the nature of a "qualifying share" of the former Person shall be deemed to be outstanding. Unless otherwise specified, "subsidiary**<u>Subsidiary</u>**" shall mean any subsidiary of the Parent Guarantor**<u>, subject to the rules of construction as to the term "Subsidiary" set forth set forth in Section 1.05</u>**.

"**Subsidiary Guarantor**" means each Restricted Subsidiary of the Parent Guarantor that is a guarantor of the Obligations pursuant to the Guarantee Agreement, in each case, until such time as such Restricted Subsidiary is released from its obligations under the Guarantee Agreement in accordance with the terms and provisions hereof. Notwithstanding the foregoing, the Parent Guarantor may from time to time, upon notice to the Administrative Agent, elect to cause any Restricted Subsidiary that would otherwise be an Excluded Subsidiary to become a Subsidiary Guarantor hereunder (but shall have no obligation to do so), subject to (a) the satisfaction of the Collateral and Guarantee Requirement as if such Restricted Subsidiary were not an Excluded Subsidiary and (b) in the case of any Restricted Subsidiary organized in a jurisdiction that is not an Obligor Jurisdiction, the Administrative Agent being reasonably satisfied with such jurisdiction. For the avoidance of doubt, in no event shall an Excluded Subsidiary be a Subsidiary Guarantor unless the Parent Guarantor makes such an election with respect to such Excluded Subsidiary.

"**Successor Borrower**" has the meaning assigned to such term in <u>Section 6.06(a)(i)(B)</u>.

"**Supplier**" has the meaning assigned to such term in <u>Section 2.17(j)</u>.

"**Suspension Conditions**" has the meaning assigned to such term in <u>Section</u> <u>9.26</u><u>**9.25**</u>.

"**Suspension Date**" has the meaning assigned to such term in <u>Section</u> <u>9.26</u><u>**9.25**</u>.

"**Swap Obligations**" means, with respect to any Loan Party, any obligation to pay or perform under any agreement, contract or transaction that constitutes a "swap" within the meaning of Section 1a(47) of the Commodity Exchange Act.

"**Swiss Collateral Documents**" means any Collateral Document governed (or expressed to be governed) by Swiss law.

"**Swiss Federal Tax Administration**" means the tax authorities referred to in article 34 of the Swiss Withholding Tax Act.

"**Swiss Guarantor**" means any Guarantor organized in Switzerland and/or having its registered office in Switzerland and/or qualifying as a Swiss resident pursuant to Art. 9 of the Swiss Withholding Tax Act.

"**Swiss Withholding Tax**" means taxes imposed under the Swiss Withholding Tax Act.

"**Swiss Withholding Tax Act**" means the Swiss Federal Act on the Withholding Tax of October 13, 1965 (*Bundesgesetz über die Verrechnungssteuer*), together with the related ordinances, regulations and guidelines, all as amended and applicable from time to time.

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"**Syndication Agent**" means any Person appointed as such in connection with the Credit Facilities, including the Persons listed in such capacity on the cover of this Agreement.

"**T2**" means the real time gross settlement system operated by the Eurosystem (or, if such system ceases to be operative, such other system (if any) determined by the Administrative Agent to be a suitable replacement).

"**TARGET Day**" means any day on which T2 is open for the settlement of payments in Euro.

"**Taxes**" means any and all present and future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax and penalties applicable thereto.<u> </u>

<u>"**Term A Facilities**" means the Term Loan A Commitments and the outstanding Term A Loans.</u> 

"**Term A Loan**" means any Initial Term Loan and any Additional Term Loan that is a "term loan A", as specified in the applicable Incremental Facility Amendment or Refinancing Amendment.

"**Term A Facilities**" means the Term Loan A Commitments and the outstanding Term A Loans.

"**Term A Lender**" means any Lender with a Term Loan A Commitment or an outstanding Term A Loan.

"**Term B Loan**" means any Term Loan that is not a Term A Loan.

"**Term Benchmark**" when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Term SOFR (other than solely pursuant to <u>clause (c)</u> of the definition of Alternate Base Rate), Adjusted Term CORRA, the Adjusted TIIE Rate or the Adjusted EURIBOR.

"**Term CORRA**" means, with respect to any Term Benchmark Borrowing denominated in Canadian Dollars, the Term CORRA Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the "**Periodic Term CORRA Determination Day**") that is two Business Days prior to the first day of such Interest Period, as such rate is published by the Term CORRA Administrator; <u>provided</u> that if as of 1:00 p.m., Toronto time, on any Periodic Term CORRA Determination Day the Term CORRA Reference Rate for the applicable tenor has not been published by the Term CORRA Administrator and a Benchmark Replacement Date with respect to the Term CORRA Reference Rate has not occurred, then Term CORRA will be the Term CORRA Reference Rate for such tenor as published by the Term CORRA Administrator on the first preceding Business Day for which such Term CORRA Reference Rate for such tenor was published by the Term CORRA Administrator so long as such first preceding Business Day is not more than five Business Days prior to such Periodic Term CORRA Determination Day.

"**Term CORRA Administrator**" means Candeal Benchmark Administration Services Inc., TSX Inc. or a successor administrator.

"**Term CORRA Loan**" means a Loan that bears interest at a rate determined by reference to the Adjusted Term CORRA.

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"**Term CORRA Notice**" means a notification by the Administrative Agent to the Administrative Borrower and the Lenders of the occurrence of a Term CORRA Reelection Event.

"**Term CORRA Reelection Event**" means the determination by the Administrative Agent that (a) Term CORRA has been recommended for use by the Relevant Governmental Body, (b) the administration of Term CORRA is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event has previously occurred with respect to Term CORRA resulting in a Benchmark Replacement in accordance with <u>Section 2.14(b)</u> that is not Term CORRA.

"**Term CORRA Reference Rate**" means the forward-looking term rate based on CORRA.

"**Term Facilities**" means the Term Loan Commitments and the outstanding Term Loans.

"**Term Lender**" means a Lender with a Term Loan Commitment or an outstanding Term Loan.

"**Term Loan**" means the Initial Term Loans and any Additional Term Loans.

"**Term Loan A Commitment**" means any Initial Term Loan Commitment and any Additional Term Loan Commitment to make a Term A Loan.

"**Term Loan B Commitment**" means any Term Loan Commitment that is not a Term Loan A Commitment.

"**Term Loan Borrowers**" means (a) Cyprium US and Cyprium Luxembourg and (b) with respect to any Term Loan Borrower, any Successor Borrower thereto**.** 

"**Term Loan Commitment**" means any Initial Term Loan Commitment and any Additional Term Loan Commitment.

"**Term SOFR**" means, with respect to any Term Benchmark Borrowing denominated in U.S. Dollars and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator; <u>provided</u> that if the Term SOFR as so determined would be less than 0.00%, such rate shall be deemed to be equal to 0.00% for the purposes of this Agreement.

"**Term SOFR Loan**" means a Loan that bears interest at a rate determined by reference to the Term SOFR (other than solely as a result of <u>clause (c)</u> of the definition of Alternate Base Rate).

"**Term SOFR Reference Rate**" means, for any day and time (such day, the "**Term SOFR Determination Day**"), with respect to any Term Benchmark Borrowing denominated in U.S. Dollars and for any tenor comparable to the applicable Interest Period, the rate per annum published by the CME Term SOFR Administrator and identified by the Administrative Agent as the forward-looking term rate based on SOFR. If by 5:00 p.m., New York City time, on such Term SOFR Determination Day, the "Term SOFR Reference Rate" for the applicable tenor has not been published by the CME Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR has not occurred, then, so long as such day is otherwise a U.S. Government Securities Business Day, the Term SOFR Reference Rate for such Term SOFR Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate was published by the CME Term SOFR Administrator, so long as such first preceding U.S. Government Securities Business Day is not more than five U.S. Government Securities Business Days prior to such Term SOFR Determination Day.

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"**Termination Date**" means the first date on which (a) all Commitments have expired with no pending drawings or terminated, (b) the principal of and interest on each Loan and all fees, expenses and other Loan Document Obligations payable under any Loan Document (other than contingent obligations for which no claim or demand has been made) have been paid in full in Cash and (c) all Letters of Credit have expired with no pending drawings or have been terminated (or have been (x) collateralized or back-stopped by a letter of credit or otherwise in a manner reasonably satisfactory to the Administrative Agent and the relevant Issuing Bank or (y) deemed reissued under another agreement in a manner reasonably satisfactory to the Administrative Agent and the relevant Issuing Bank) and all LC Disbursements have been reimbursed.

"**Test Period**" means, as of any date, the period of four consecutive Fiscal Quarters then most recently ended for which financial statements under <u>Section 5.01(a)</u> or <u>5.01(b)</u>, as applicable, have been delivered (or are required to have been delivered); it being understood and agreed that prior to the first delivery (or required delivery) of financial statements under <u>Section 5.01(a)</u> or <u>5.01(b)</u>, "Test Period" means the most recent period of four consecutive Fiscal Quarters covered by the Historical Combined Financial Statements.

<u>"**Threshold Amount**" means, at any time, the greater of US$150,000,000 and 17% of Consolidated Adjusted EBITDA for the most recently ended Test Period.</u>

"**TIIE Loan**" means a Loan that bears interest at a rate determined by reference to the Adjusted TIIE Rate.

"**TIIE Rate**" means, with respect to any Term Benchmark Borrowing denominated in Mexican Pesos and for any Interest Period, the Funding TIIE Composed in Advance on the day that is the first Business Day of such Interest Period.

"**Threshold Amount**" means, at any time, the greater of US$150,000,000 and 17% of Consolidated Adjusted EBITDA for the most recently ended Test Period.

"**Total Leverage Ratio**" means the ratio, as of any date of determination, of (a) Consolidated Total Debt outstanding as of such date to (b) Consolidated Adjusted EBITDA for the Test Period then most recently ended or the Test Period otherwise specified where the term "Total Leverage Ratio" is used in this Agreement, in each case for the Parent Guarantor and its Restricted Subsidiaries.

"**Total Revolving Credit Commitment**" means, at any time, the aggregate amount of the Revolving Credit Commitments as in effect at such time. The Total Revolving Credit Commitment as of the Effective Date is US$850,000,000.

"**Total Revolving Credit Exposures**" means, at any time, the sum of all the Revolving Credit Exposures of all the Lenders at such time.

"**Trademark**" means all trademarks, service marks, trade names, trade dress and logos, registrations and applications for registration thereof and the goodwill of the business symbolized by the foregoing, and all renewals of the foregoing.

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"**Transaction Costs**" means fees, premiums, expenses and other transaction costs (including original issue discount or upfront fees) payable or otherwise borne by the Parent Guarantor and/or its Restricted Subsidiaries in connection with the Transactions and the transactions contemplated thereby.

"**Transactions**" means, collectively, (a) the execution, delivery and performance by the Loan Parties of the Loan Documents to which they are a party and the borrowing of Loans and the obtainment of Letters of Credit hereunder, (b) the Spin-Off Transactions and (c) the payment of the Transaction Costs.

"**Treasury Capital Stock**" has the meaning assigned to such term in <u>Section 6.04(a)(vi)</u>.

"**Treasury Regulations**" means the U.S. federal income tax regulations promulgated under the Code.

"**Type**", when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Term SOFR (other than solely pursuant to <u>clause (c)</u> of the definition of Alternate Base Rate), the Adjusted EURIBOR, the Adjusted Term CORRA, the Adjusted TIIE Rate, the Alternate Base Rate, the Daily Simple SONIA or, if applicable pursuant to <u>Section 2.14</u>, the Daily Simple SOFR or the Adjusted Daily Simple CORRA.

"**UCC**" means the Uniform Commercial Code as in effect from time to time in the State of New York or any other state the laws of which are required to be applied in connection with the creation or perfection of security interests.

"**UK Financial Institution**" means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

"**UK Resolution Authority**" means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

"**Unadjusted Benchmark Replacement**" means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

"**Unrestricted Cash Amount**" means, on any date of determination, the amount of Cash and Cash Equivalents of the Parent Guarantor and its Restricted Subsidiaries that is (or would be) included on the consolidated balance sheet of the Parent Guarantor prepared as of such date in accordance with GAAP and not identified on such balance sheet date as "restricted"; <u>provided</u> that Unrestricted Cash Amount may not exceed US$500,000,000 as of any date of determination.

"**Unrestricted Subsidiary**" means (a) any Subsidiary set forth on <u>Schedule 5.10</u> **<u>delivered to the Administrative Agent pursuant to Section 4.02(m)</u>** and (b) any Subsidiary of the Parent Guarantor (other than a Borrower or any Subsidiary that, directly or indirectly, owns any Capital Stock of any Borrower) designated by the Parent Guarantor as an Unrestricted Subsidiary after the <u>**later of the**</u> Availability Date <u>**and the Spin-Off Effective Date**</u> pursuant to <u>Section 5.10</u>.

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"**U.S.**" or "**United States**" means the United States of America.

"**U.S. Borrower**" means Cyprium US and any Additional Borrower that is a U.S. Person.

"**U.S. Dollars**" or "**US$**" refers to lawful money of the U.S.

"**U.S. Dollar Equivalent**" means, for any amount, at the time of determination thereof, (a) if such amount is expressed in U.S. Dollars, such amount and (b) if such amount is expressed in any other currency, the equivalent in U.S. Dollars of such amount, determined by the Administrative Agent pursuant to <u>Section 1.08(a)</u> using the Exchange Rate with respect to such currency at the time in effect under the provisions of <u>Section 1.08(a)</u>.

"**U.S. Government Securities Business Day**" means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

"**U.S. Person**" means any Person that is a "United States person" as defined in Section 7701(a)(30) of the Code.

"**U.S. Security Agreement**" means the Pledge and Security Agreement, dated as of the Availability Date, among the Domestic Collateral Agent and the Loan Parties from time to time party thereto, substantially in the form of <u>Exhibit I</u> or any other form approved by the Administrative Agent and the Parent Guarantor, as same may be amended, restated, supplemented or otherwise modified from time to time.

"**U.S. Intellectual Property Security Agreements**" means (a) a Trademark Security Agreement, substantially in the form of <u>Exhibit J-1</u>, (b) a Patent Security Agreement substantially in the form of <u>Exhibit J-2</u>, or (c) a Copyright Security Agreement, substantially in the form of <u>Exhibit J-3</u>, or in each case any other form approved by the Administrative Agent and the Parent Guarantor, as the same may be amended, restated, supplemented or otherwise modified from time to time.

<u>"**U.S. Person**" means any Person that is a "United States person" as defined in Section 7701(a)(30) of the Code.</u>

<u>"**U.S. Security Agreement**" means the</u> **<u>U.S.</u>** <u>Pledge and Security Agreement, dated as of the Availability Date, among the Domestic Collateral Agent and the Loan Parties from time to time party thereto, substantially in the form of Exhibit I or any other form approved by the Administrative Agent and the Parent Guarantor, as same may be amended, restated, supplemented or otherwise modified from time to time.</u>

"**U.S. Subsidiary**" means any Restricted Subsidiary organized under the laws of the U.S., any state thereof or the District of Columbia.

"**USA PATRIOT Act**" means The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)).

"**VAT**" means (a) any value added tax imposed by the Value Added Tax Act 1994, (b) any tax imposed in compliance with the Council Directive of 28 November 2006 on the common system of value added tax (EC Directive 2006/112), (c) any value added tax imposed by the Swiss Value Added Tax Act of June 12, 2009 (*Mehrwertsteuergeset*z*)* and (d) any other tax of a similar nature, whether imposed in the United Kingdom, in Switzerland, Jersey, or in a member state of the European Union in substitution for, or levied in addition to, such tax referred to in <u>clause (a)</u>, <u>(b)</u> or <u>(c)</u> above, or imposed elsewhere.

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"**Weighted Average Life to Maturity**" means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required scheduled payments of principal, including payment at final maturity, in respect thereof by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal amount of such Indebtedness; <u>provided</u> that the effect of (x) any prepayment made in respect of such Indebtedness shall be disregarded in making such calculation and (y) any "AHYDO catch-up" payment that may be required to be made in respect of such Indebtedness shall be disregarded in making such calculation.

"**Wholly-Owned Subsidiary**" of any Person means a subsidiary of such Person 100% of the Capital Stock of which (other than directors' qualifying shares or shares required by applicable law to be owned by a resident of the relevant jurisdiction) are owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person.

"**Wilmington Trust**" means Wilmington Trust, National Association and its successors.

"**Write-Down and Conversion Powers**" means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

SECTION 1.02. <u>Classification of Loans and Borrowings</u>. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., an "Initial Term Loan") or by Type (e.g., a "Term SOFR Loan") or by Class and Type (e.g., a "Term SOFR Initial Term Loan"). Borrowings also may be classified and referred to by Class (e.g., an "Initial Term Loan Borrowing") or by Type (e.g., a "Term SOFR Borrowing") or by Class and Type (e.g., a "Term SOFR Initial Loan Borrowing").

SECTION 1.03. <u>Terms Generally</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>General</u>. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words "include," "includes" and "including" shall be deemed to be followed by the phrase "without limitation." The word "will" shall be construed to have the same meaning and effect as the word "shall." The term "law" shall be deemed to refer to the common law and all federal, state, provincial, territorial, local or municipal or other foreign, multinational or international laws, statutes, codes, treaties, standards, rules and regulations, *normas técnicas*, guidelines, ordinances, orders, judgments, writs, injunctions, decrees (including administrative or judicial precedents or authorities) and the interpretation or administration thereof by, and other determinations, directives, requirements or requests of any Governmental Authority, in each case whether or not having the force of law. The words "ordinary course of business" or "ordinary course"

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shall, with respect to any Person, be deemed to refer to items or actions that are consistent with practice in or norms of the industry in which such Person operates or such Person's past practice (in each case, as determined by the Parent Guarantor in good faith). Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document herein or in any other Loan Document (including any Loan Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, amended and restated, supplemented or otherwise modified (subject to any restrictions or qualifications on such amendments, restatements, amendment and restatements, supplements or modifications set forth herein), (ii) any definition of or reference to any statute, rule or regulation shall be construed as referring thereto as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws), and all references to any statute shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing, superseding or interpreting such statute, rule or regulation, (iii) any reference herein or in any Loan Document to any Person shall be construed to include such Person's successors and permitted assigns, and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, (iv) the words "herein," "hereof" and "hereunder," and words of similar import, when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision hereof, (v) all references herein or in any other Loan Document to Articles, Sections, clauses, paragraphs, Exhibits and Schedules shall be construed to refer to Articles, Sections, clauses and paragraphs of, and Exhibits and Schedules to, such Loan Document, (vi) in the computation of periods of time in any Loan Document from a specified date to a later specified date, the word "from" means "from and including", the words "to" and "until" mean "to but excluding" and the word "through" means "to and including", (vii) the words "asset" and "property", when used in any Loan Document, shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including Cash, securities, accounts and contract rights, (viii) the words "permitted" shall be construed to also refer to actions or undertakings that are "not prohibited", (ix) any reference to a Person being "organized" in a particular jurisdiction shall be construed to such Person being organized, formed, incorporated or registered in such jurisdiction, as applicable in such jurisdiction to the applicable types of entities, and (x) the fair market value of any asset or property shall be determined by the Parent Guarantor in good faith. **<u>Notwithstanding anything herein or in any other Loan Document to the contrary, no officer, director or other representative of the Parent Guarantor</u>** <u>or any Subsidiary shall have any personal liability in connection with any representation, warranty or other certification in, or made pursuant to, this Agreement</u> **<u>or any other Loan Document.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Polish Terms</u>. In this Agreement, where it relates to a Person organized or having its centre of main interests (as defined in the Regulation (EU) No 2015/848 on insolvency proceedings (recast), as amended from time to time) in Poland, a reference to: (i) an agent includes an attorney (*pełnomocnik*), delivery agent (*pełnomocnik do doręczeń*), pledge administrator (*administrator zastawu*), mortgage administrator (*administrator hipoteki*) and mandatory (*zleceniobiorca*) of a Person; (ii) a composition, compromise, reorganization or similar arrangement with any creditor includes a *układ* concluded or approved during insolvency proceedings under Polish Insolvency Law or restructuring proceedings (*postępowanie restrukturyzacyjne*) under Polish Restructuring Law, and such terms also includes a partial composition (*układ częściowy*); (iii) a receiver or administrator includes a *tymczasowy nadzorca sądowy*, *tymczasawy zarządca*, *nadzorca*, *nadzorca sądowy*, *nadzorca układu*, *syndyk* or *zarządca*, as defined in Polish Bankruptcy Law or Polish Restructuring Law, and such terms also includes *zarządca* appointed under the Polish Act on Registered Pledges or the Polish Civil Procedure Code and a *kurator sądowy* appointed under the Polish Civil Code; (iv) a dissolution includes a *rozwiązanie spółki* in accordance with the Polish Commercial Companies Code; (v) a liquidator includes a *likwidator* appointed under the Polish Commercial Companies Code; (vi) a moratorium includes a odro*czenie spłaty zobowiązań pieniężnych*; (vii) a security or security interest means any mortgage (*hipoteka*), pledge (*zastaw*), registered pledge (*zastaw rejestrowy*), financial pledge (*zastaw finansowy*), security assignment (*przelew praw na zabezpieczenie*), security transfer of title (*przewłaszczenie na zabezpieczenie*), retention right (*prawo zatrzymania*), right to reclaim sold goods (*zastrzeżenie własności rzeczy sprzedanej*); and (viii) a winding up includes a declaration of bankruptcy.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Luxembourg Terms</u>. Without prejudice to the generality of any provision of this Agreement or any other Loan Document, insofar as it applies to a Person organized in Luxembourg or its assets, a reference in this Agreement or any other Loan Document to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrator receiver, administrator or similar officer includes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) any *juge-commissaire* and/or insolvency receiver (*curateur*) appointed under the Luxembourg Commercial Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) any *liquidateur* appointed under Articles 1100-1 to 1100-15 (inclusive) of the Luxembourg law dated 10 August 1915 on commercial companies, as amended;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) any *juge-commissaire* and/or *liquidateur* appointed under Article 1200-1 of the Luxembourg law dated 10 August 1915 on commercial companies, as amended; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) any *conciliateur d'entreprise or mandataire de justice* appointed under the Luxembourg Bankruptcy Modernisation Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a "**winding-up**", "**administration**", "**insolvency**", "**moratorium**", or "**dissolution**" includes, without limitation, bankruptcy (*faillite*), voluntary or judicial liquidation (*liquidation volontaire ou judiciaire*), administrative dissolution without liquidation (*dissolution administrative sans liquidation*), suspension of payments (*sursis de paiement*), and a general settlement with creditors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a "**reorganisation**" includes, without limitation, judicial reorganisation (*réorganisation judiciaire*) and consensual reorganisation (*réorganisation par accord amiable*) or conservative mesures (*mesures conservatoires*) under the Luxembourg Bankruptcy Modernisation Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) commencing negotiations with two or more of its creditors with a view to rescheduling any of its indebtedness includes any negotiations with that purpose conducted in order to reach an amicable agreement (*accord amiable*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) a Person being unable or admitting inability to pay its debts includes that Person being in a state of cessation of payments (*cessation de paiements*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) a Person being "**insolvent**" includes that Person being both (x) unable to pay its debts as they fall due (*cessation de paiements*) and (y) having lost its credit worthiness (*ébranlement de crédit*) within the meaning of article 437 of the Luxembourg Commercial Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) a "**guarantee**" includes any *garantie* which is independent from the debt to which it relates, any professional payment guarantee (*garantie professsionelle de paiement*) within the meaning of the Luxembourg law on professional payment guarantees dated 22 July 2020, and includes any suretyship (cautionnement) within the meaning of Articles 2011 et seq. of the Luxembourg Civil Code;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) an "**amalgamation**", "**demerger**", "merger", "consolidation" or "corporate reconstruction" includes a *scission* and a *fusion*, *transferts d'actifs*, *de branche d'activités et d'universalité*, *transfert du patrimoine professionnel* as well as assimilated transactions as foreseen by the Luxembourg law of 10 August 1915 on commercial companies, as amended;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) an attachment includes an executory attachment (*saisie exécutoire*) or conservatory attachment (*saisie conservatoire*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) a "**Lien**" or "**security interest**" includes any *hypothèque, nantissement, gage, privilège, sureté réelle*, *droit de rétention* and any type of real security in rem (*sûreté réelle*) or agreement or arrangement having a similar effect and any transfer of title by way of security;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) "**by-laws**", "**Organizational Documents**" or "**constitutional documents**" includes its up-to-date (restated) articles of association (*statuts (coordonnés)*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) a "**director**", "**officer**" or "**manager**" of any company or partnership incorporated or established in Luxembourg or governed by Luxembourg law include its *gérant* or *administrateur* and, in case of a partnership, the *gérants* or *administrateur* of its *associé gérant* or general partner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) an "**agent**" includes a *mandataire*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) a "**set-off**" includes, for purposes of Luxembourg law, legal set-off;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) "**shares**" or "**Capital Stock**" includes *actions* and/or *parts sociales*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) "**gross negligence**" means *faute lourde*; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) "**willful misconduct**" means *dol* or *faute dolosive*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Jersey Terms</u>. Where a reference in this Agreement relates to a Person (i) incorporated, established, constituted or formed that carries on, or has carried on, business or (ii) that has immovable property, in each case, in Jersey, a reference to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a composition, compromise, assignment or arrangement with any creditor, winding up, liquidation, administration, dissolution, insolvency event or insolvency includes, without limitation, bankruptcy (as that term is interpreted pursuant to Article 8 of the Interpretation (Jersey) Law 1954), a compromise or arrangement with a creditor of the type referred to in Article 125 of the Companies (Jersey) Law 1991 and any procedure or process referred to in Part 21 of the Companies (Jersey) Law 1991;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a liquidator, receiver, administrative receiver, administrator or the like includes, without limitation, the Viscount of the Royal Court of Jersey, Autorisés or any other Person performing the same function of each of the foregoing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Lien, security or a security interest includes, without limitation, any hypothèque, whether conventional, judicial or arising by operation of law and any security interest created pursuant to the Security Interests (Jersey) Law 1983 or Security Interests (Jersey) Law 2012 and any related legislation.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Switzerland Terms</u>. In this Agreement and the other Loan Documents, where it relates to any Loan Party organized in Switzerland and/or the context so requires, unless a contrary indication appears, a reference to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a "**liquidator**", "**trustee**", "**administrative receiver**", "**receiver**" or "**administrator**" or similar officer includes any of (A) "*Sachwalter*" appointed in accordance with the Swiss Code of Obligations (*Schweizerisches Obligationenrecht*) of 30 March 1911 ("**CO**"), (B) "*Liquidator*" appointed in accordance with the provisions of the CO, and (C) "*Konkursamt*" or "*Konkursverwaltung*", any "*Liquidator*" or "*Sachwalter*" or any of their officials or employees or other officers appointed in accordance with the Swiss Debt Collection and Bankruptcy Act (*Bundesgesetz über Schuldbetreibung und Konkurs*) of 11 April 1889 ("**DEBA**");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a "**winding-up**", "**administration**", "**liquidation**", "**insolvency**" or "**dissolution**" includes bankruptcy (*Konkurs*), liquidation (*Liquidation*), composition with creditors (*Nachlassvertrag*) or moratorium (*provisorische* or *definitive Nachlassstundung/Stundung/Notstundung*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a Person being (or being presumed or deemed to be) "**inable to pay its debts**" or "**failing to pay its debts**" includes that Person being in a state of inability to make payments (*zahlungsunfähig*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) a "**director**" includes, in relation to a company limited by shares (*Aktiengesellschaft*), a member of the board of directors (*Verwaltungsrat*) and, in relation to a limited liability company (*Gesellschaft mit beschränkter Haftung*), a managing director (*Geschäftsführer*).

SECTION 1.04. <u>Accounting Terms; GAAP; Pro Forma Basis; Calculations</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i) All financial statements to be delivered pursuant to this Agreement shall be prepared in accordance with GAAP as in effect from time to time and, except as otherwise expressly provided herein, all terms of an accounting or financial nature that are used in calculating the Total Leverage Ratio, the First Lien Leverage Ratio, the Secured Leverage Ratio, the Interest Coverage Ratio, Consolidated Adjusted EBITDA, Consolidated Net Income or Consolidated Total Assets shall be construed and interpreted in accordance with GAAP, as in effect from time to time; provided that (A) if any change in GAAP, or in the application thereof, or any change as a result of the adoption or modification of accounting policies (including the conversion to IFRS as described below) is implemented or takes effect after the date of the financial statements described in <u>Section 3.04(a)</u> and/or there is any change in the functional currency reflected in the financial statements or (B) if the Parent Guarantor elects or the Parent Guarantor is required to report under IFRS, then the Parent Guarantor or the Required Lenders may request to amend the relevant affected provisions hereof (whether or not the request for such amendment is delivered before or after the relevant change or election) to eliminate the effect of such change or election, as the case may be, on the operation of such provisions and (x) the Parent Guarantor and the Administrative Agent shall negotiate in good faith to enter into an amendment of the relevant affected provisions (it being understood that no amendment or similar fee shall be payable to the Administrative Agent or any Lender in connection therewith) to preserve the original intent thereof in light of the applicable change or election, as the case may be and (y) the relevant affected provisions shall be interpreted on the basis of GAAP and the currency, in each case, as in effect and applied

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immediately prior to the applicable change or election, as the case may be, until the request for amendment has been withdrawn by the Parent Guarantor or the Required Lenders, as applicable, or this Agreement has been amended as contemplated hereby. For purposes of this Agreement, when any term of an accounting or financial nature refers to a determination being made on a "consolidated basis", when such reference is made with respect to the Parent Guarantor and the Restricted Subsidiaries (or any Restricted Subsidiary and its Restricted Subsidiaries), **<u>(i)</u>** such determination shall, unless expressly indicated otherwise, exclude from such consolidation the accounts of the Unrestricted Subsidiaries **<u>and</u> <u>(ii) for any period prior to the consummation of the Spin-Off, such determination shall, where applicable, be made on a "combined basis"</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) All terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to (A) any election under Accounting Standards Codification 825-10-25 (previously referred to as Statement of Financial Accounting Standards 159) (or any other Accounting Standards Codification, International Accounting Standard or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Parent Guarantor or any subsidiary at "fair value," as defined therein, (B) any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification, International Accounting Standard or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof and (C) the application of Accounting Standards Codification 480, 815, 805 and 718 (to the extent these pronouncements under Accounting Standards Codification 718 result in recording an equity award as a liability on the consolidated balance sheet of the Parent Guarantor and its Restricted Subsidiaries in the circumstance where, but for the application of the pronouncements, such award would have been classified as equity) (or any other Accounting Standards Codification, International Accounting Standard or Financial Accounting Standard having a similar result or effect). If the Parent Guarantor notifies the Administrative Agent that the Parent Guarantor is required to report under IFRS or has elected to do so through an early adoption policy, "GAAP" shall mean international financial reporting standards pursuant to IFRS (<u>provided</u> that thereafter, the Parent Guarantor cannot elect to report under GAAP); <u>provided</u>, that any calculation or determination in this Agreement that requires the application of GAAP for periods that include Fiscal Quarters ended prior to the application of IFRS will remain as previously calculated or determined in accordance with GAAP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Notwithstanding anything to the contrary contained in this <u>Section 1.04(a)</u> or in the definition of "Capital Lease Obligations", unless the Parent Guarantor elects otherwise, all obligations of any Person that are or would have been treated as operating leases for purposes of GAAP prior to any change in accounting for leases pursuant to GAAP resulting from the implementation of Financial Accounting Standards Board ASU No. 2016-02, Leases (Topic 842) shall continue to be accounted for as operating leases (and not be treated as financing or capital lease obligations or Indebtedness) for purposes of all financial definitions, calculations and deliverables under this Agreement (other than <u>Sections 3.05(a)</u>, <u>5.01(a)</u> or <u>5.01(b)</u>) or any other Loan Document (including the calculation of Consolidated Net Income and Consolidated Adjusted EBITDA) (whether or not such operating lease obligations were in effect on such date) notwithstanding the fact that such obligations are required in accordance with such ASU (or any other proposals issued by the Financial Accounting Standards Board in connection therewith) (on a prospective or retroactive basis or otherwise) to be treated as or to be recharacterized as financing or capital lease obligations or otherwise accounted for as liabilities in financial statements.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding anything to the contrary herein, but subject to <u>Sections 1.04(c)</u>, <u>1.04(d)</u> and <u>1.04(f)</u>, all financial ratios and tests (including the Total Leverage Ratio, the First Lien Leverage Ratio, the Secured Leverage Ratio, the Interest Coverage Ratio and the amount of Consolidated Total Assets, Consolidated Net Income and Consolidated Adjusted EBITDA) (other than, for the avoidance of doubt, for purposes of calculating Excess Cash Flow **<u>or CNI Growth Amount</u>**) contained in this Agreement that are calculated with respect to any Test Period during which any Subject Transaction occurs shall be calculated with respect to such Test Period and such Subject Transaction on a Pro Forma Basis**<u>; provided that Consolidated Adjusted EBITDA for each of the fiscal quarters referred to in the last sentence of the definition of "Consolidated Adjusted EBITDA" shall not be subject to further Pro Forma Basis adjustments on account of the Spin-Off Transactions</u>**. Further, if since the beginning of any such Test Period and on or prior to the date of any required calculation of any financial ratio, test or amount (x) any Subject Transaction has occurred or (y) any Person that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the Parent Guarantor or any of its Restricted Subsidiaries since the beginning of such Test Period has consummated any Subject Transaction, then, in each case, any applicable financial ratio, test or amount shall be calculated on a Pro Forma Basis for such Test Period as if such Subject Transaction had occurred at the beginning of the applicable Test Period (or, in the case of Consolidated Total Assets (or with respect to any determination pertaining to the balance sheet, including the acquisition of Cash and Cash Equivalents), as of the last day of such Test Period), it being understood, for the avoidance of doubt, that solely for purposes of calculating (x) actual compliance with <u>Section 6.10</u> and (y) the First Lien Leverage Ratio for purposes of the definition of "Applicable Rate", the date of the required calculation shall be the last day of the applicable Test Period, and no Subject Transaction occurring thereafter shall be taken into account.**<u>; provided that Consolidated Adjusted EBITDA for each of the fiscal quarters referred to in the last sentence of the definition of "Consolidated Adjusted EBITDA" shall not be subject to further Pro Forma Basis adjustments on account of the Spin-Off Transactions.</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For purposes of determining the permissibility of any action, change, transaction or event that requires a calculation of any financial ratio or financial test (including pro forma compliance with <u>Section 6.10</u> or any First Lien Leverage Ratio test, any Secured Leverage Ratio test, any Total Leverage Ratio test and/or any Interest Coverage Ratio test) and/or the amount of Consolidated Adjusted EBITDA, Consolidated Net Income or Consolidated Total Assets, such financial ratio, financial test or amount shall, subject to <u>Section 1.04(d)</u>, be calculated at the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be, and no Default or Event of Default shall be deemed to have occurred solely as a result of a change in such financial ratio, financial test or amount occurring after the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding anything to the contrary herein, <u>**after the later of the Availability Date and the Spin-Off Effective Date,**</u> to the extent that the terms of this Agreement require (i) compliance with any financial ratio or financial test (including, without limitation, any pro forma compliance requirement with respect to <u>Section 6.10</u> (but not actual compliance with <u>Section 6.10</u>), any First Lien Leverage Ratio incurrence test, any Secured Leverage Ratio incurrence test and any Total Leverage Ratio incurrence test) and/or any cap expressed as a percentage of Consolidated Total Assets, Consolidated Net Income or Consolidated Adjusted EBITDA or (ii) except in the case of any Revolving Facility, accuracy of any representation or warranty and/or the absence of a Default or Event of Default (or any type of default or event of default), as a condition to (A) the consummation of any acquisition or other Investment or any Disposition, (B) the making of any Restricted Payment and/or (C) the making of any Restricted Debt Payment, the determination of whether the relevant condition is satisfied may be made, at the election of the Parent Guarantor, (1) in the case of any acquisition or other Investment or any Disposition, or any incurrence of Indebtedness (including Indebtedness under any Incremental Facility (other than any Revolving Facility)) or other transaction relating thereto, at the time of (or on the

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basis of the financial statements for the most recently ended Test Period at the time of) either (x) the execution of the definitive agreement with respect to such acquisition, Investment or Disposition (or, solely in connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers applies, the date on which a "Rule 2.7 Announcement" of a firm intention to make an offer is made) or the establishment of a commitment with respect to such Indebtedness or (y) the consummation of such acquisition, Investment or Disposition, (2) in the case of any Restricted Payment, at the time of (or on the basis of the financial statements for the most recently ended Test Period at the time of) (x) the declaration of such Restricted Payment or (y) the making of such Restricted Payment and (3) in the case of any Restricted Debt Payment, at the time of (or on the basis of the financial statements for the most recently ended Test Period at the time of) (x) delivery of any required notice of redemption or prepayment with respect to such Restricted Debt Payment or (y) the making of such Restricted Debt Payment, in each case, after giving effect on a Pro Forma Basis to the relevant acquisition, Investment, Disposition, Restricted Payment and/or Restricted Debt Payment and all transactions relating thereto (including the intended use of proceeds (but without netting such proceeds) of any Indebtedness to be incurred in connection therewith), and no Default or Event of Default shall be deemed to have occurred solely as a result of an adverse change in such ratio, test or condition occurring after the time such election is made (but any subsequent improvement in the applicable ratio, test or amount may be utilized by the Parent Guarantor or any Restricted Subsidiary). If the Parent Guarantor shall have elected to test the permissibility of any transaction as provided above prior to the consummation of such transaction, then prior to the completion of such transaction (or the abandonment of such transaction), all future incurrence tests shall be made on a pro forma basis for such transaction and all related transactions. For the avoidance of doubt, if the Parent Guarantor shall have elected the option set forth in <u>clause (x)</u> of any of the preceding <u>clauses (1)</u>, <u>(2)</u> or (<u>3)</u> in respect of any transaction, then the Parent Guarantor or its applicable Restricted Subsidiary shall be permitted to consummate such transaction even if any applicable test or condition shall cease to be satisfied subsequent to the Parent Guarantor's election of such option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) For purposes of determining compliance at any time with <u>Sections 6.01</u>, <u>6.02</u>, <u>6.04</u>, <u>6.05</u>, 6.06 and 6.08, in the event that any Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition or Affiliate transaction or a portion thereof, as applicable, at any time meets the criteria of more than one of the categories of transactions or items permitted pursuant to any clause of <u>Section 6.01</u>, <u>6.04</u>, <u>6.05</u>, <u>6.06</u> or <u>6.08</u>, respectively (each of the foregoing, a "**Reclassifiable Item**"), the Parent Guarantor, in its sole discretion, may, from time to time, divide, classify or reclassify such Reclassifiable Item (or portion thereof) under one or more clauses of such Section; <u>provided</u> that (i) the Credit Facilities may only be permitted under <u>Section 6.01(a)</u> and secured by Liens permitted pursuant to <u>Section 6.02(b)</u>, (ii) Indebtedness incurred under <u>Section 6.01(cc)</u> may not be reclassified to any other clause of <u>Section 6.01</u> and Liens securing such Indebtedness may only be incurred under <u>Section 6.02(v)</u> and may not be reclassified to any other clause of <u>Section 6.02</u> and (iii) Indebtedness excluded under <u>clause (v)</u> of the definition of Consolidated Total Debt may not be incurred under, or classified or reclassified to, any "ratio-based" basket or exception; <u>provided</u> <u>further</u> that, subject to the immediately preceding proviso, upon delivery of any financial statements pursuant to <u>Section 5.01(a)</u> or <u>5.01(b)</u> following the initial incurrence or making of any such Reclassifiable Item, if such Reclassifiable Item could, based on such financial statements, have been incurred or made in reliance on <u>Section 6.01(cc)</u> or <u>6.02(v)</u>, as applicable (in the case of Indebtedness and Liens) or any "ratio-based" basket or exception set forth in the applicable Section (in the case of all other Reclassifiable Items), such Reclassifiable Item shall automatically be reclassified as having been incurred or made under the applicable provisions of <u>Section 6.01(cc)</u> or <u>6.02(v)</u>, as applicable or such "ratio-based" basket or exception, as applicable (in each case, subject to any other applicable provision of <u>Section 6.01(cc)</u> or <u>6.02(v)</u>, as applicable, or such "ratio-based" basket or exception, as applicable).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Notwithstanding anything to the contrary herein, unless the Parent Guarantor otherwise notifies the Administrative Agent, with respect to any amount incurred or transaction entered into (or consummated) in reliance on a provision of this Agreement (other than a non-concurrent borrowing under the Revolving Facility) that does not require compliance with a financial ratio or financial test (including <u>Section 6.10</u> hereof, any First Lien Leverage Ratio test, any Secured Leverage Ratio test, any Total Leverage Ratio test and/or any Interest Coverage Ratio test) (any such amount, including any concurrent drawing under the Revolving Facility, and any cap expressed as a percentage of Consolidated Total Assets, Consolidated Net Income or Consolidated Adjusted EBITDA, a "**Fixed Amount**") substantially concurrently with any amount incurred or transaction entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with a financial ratio or financial test (including <u>Section 6.10</u> hereof, any First Lien Leverage Ratio test, any Secured Leverage Ratio test, any Total Leverage Ratio test and/or any Interest Coverage Ratio test) (any such amount, an "**Incurrence-Based Amount**"), it is understood and agreed that (i) the incurrence of the Incurrence-Based Amount shall be calculated first without giving effect to any Fixed Amount but giving full pro forma effect to the use of proceeds of such Fixed Amount (but without netting such proceeds) and the related transactions and (ii) the incurrence of the Fixed Amount shall be calculated thereafter. Unless it elects otherwise, the Parent Guarantor shall be deemed to have used amounts under an Incurrence-Based Amount then available to the Parent Guarantor prior to utilization of any amount under a Fixed Amount then available to the Parent Guarantor. In calculating any Incurrence-Based Amount, any amounts concurrently incurred under the Revolving Facility shall not be given effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The principal amount of any non-interest bearing Indebtedness or other discount security constituting Indebtedness at any date shall be the principal amount thereof that would be shown on a balance sheet of the Parent Guarantor dated such date prepared in accordance with GAAP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Any increase in any amount of Indebtedness or any increase in any amount secured by any Lien by virtue of the accrual of interest, the accretion of accreted value, the payment of interest or a dividend in the form of additional Indebtedness, amortization of original issue discount and/or any increase in the amount of Indebtedness outstanding solely as a result of any fluctuation in the exchange rate of any applicable currency shall be deemed to be permitted Indebtedness for purposes of <u>Section 6.01</u> and will be deemed not to be the granting of a Lien for purposes of <u>Section 6.02</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) For purposes of determining compliance with <u>Section 6.01</u> or <u>Section 6.02</u>, if any Indebtedness and any associated Lien is incurred in reliance on a basket measured by reference to a percentage of Consolidated Adjusted EBITDA, and any refinancing or replacement thereof would cause the percentage of Consolidated Adjusted EBITDA to be exceeded if calculated based on the Consolidated Adjusted EBITDA on the date of such refinancing or replacement, such percentage of Consolidated Adjusted EBITDA will be deemed not to be exceeded so long as the principal amount of such refinancing or replacement Indebtedness does not exceed an amount sufficient to repay the principal amount of such Indebtedness being refinanced or replaced, except by an amount equal to (x) unpaid accrued interest, penalties and premiums (including tender, prepayment or repayment premiums) thereon plus underwriting discounts and other customary fees, commissions and expenses (including upfront fees, original issue discount or initial yield payment) incurred in connection with such refinancing or replacement and (y) additional amounts permitted to be incurred under <u>Section 6.01</u> and, if applicable, secured under <u>Section 6.02</u> (subject to utilization of such amounts).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Any financial ratios required to be maintained by the Parent Guarantor or any of its Subsidiaries pursuant to this Agreement (or required to be satisfied in order for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

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SECTION 1.05. <u>Representations and Warranties</u><u>**Spin-Off Transactions**</u>. Each of the representations and warranties of the Parent Guarantor and the other Loan Parties contained in this Agreement and the other Loan Documents made on any date is made after giving effect to the Transactions to occur on such date, subject to the immediately succeeding sentence. Further, all the representations and warranties of the Parent Guarantor and the other Loan Parties contained in this Agreement and the other Loan Documents<u>**made**</u> on the Availability Date shall be deemed made (a) after giving effect to the Transactions to occur on the Availability Date and (b) in the event that the Availability Date precedes the Spin-Off Effective Date<u>**(and other than in the case of representations and warranties set forth in Section 3.15)**</u>, both (i) without giving effect to the Spin-Off Transactions <u>**(other than the Spin-Off Transactions that have occurred prior to, or will occur on, the Availability Date)**</u> and (ii) after giving effect to the Spin-Off Transactions as if the Spin-Off Transactions occurred on the Availability Date. Notwithstanding anything herein or in any other Loan Document to the contrary, no officer, director or other representative<u>**Unless the context expressly requires otherwise, prior to the consummation of the Spin-Off Reorganization Transactions, references to a "Subsidiary" or a "Restricted Subsidiary"**</u> of the Parent Guarantor or any Subsidiary shall have any personal liability in connection with any representation, warranty or other certification in, or made pursuant to, this Agreement<u>**set forth in this Agreement (including in Articles III, V, VI and VII hereof and any defined terms used in such Articles)**</u> or any other Loan Document<u>**shall be construed to treat each Person that is indicated on Schedule 3.15(b) to be a Subsidiary of the Parent Guarantor as a Subsidiary of the Parent Guarantor**</u>.

SECTION 1.06. <u>Timing of Payment and Performance</u>. When payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or required on a day which is not a Business Day, the date of such payment (other than as described in the definitions of "Interest Period", "Initial Revolving Credit Maturity Date", "Initial Term Loan Maturity Date" or any other Maturity Date) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

SECTION 1.07. <u>Times of Day</u>. Unless otherwise specified, all references herein to times of day shall be references to New York City time (daylight or standard, as applicable).

SECTION 1.08. <u>Currency Equivalents Generally</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Administrative Agent shall determine the U.S. Dollar Equivalent of any Borrowing or any Letter of Credit denominated in an Alternative Currency or Alternative LC Currency on each applicable Revaluation Date, in each case using the Exchange Rate for such currency in relation to U.S. Dollars in effect on the date of determination. Such U.S. Dollar Equivalent shall become effective as of such Revaluation Date and shall be the U.S. Dollar Equivalent of such amounts until the next Revaluation Date with respect thereto to occur; <u>provided</u> that the U.S. Dollar Equivalent of any LC Disbursement made by any Issuing Bank in any Alternative LC Currency and not reimbursed by the applicable Borrower shall be determined as set forth in <u>Section 2.05(e)</u> or <u>2.05(l)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Term Benchmark Loan or RFR Loan or the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in U.S. Dollars, but such Borrowing, Loan or Letter of Credit is denominated in an Alternative Currency or Alternative LC Currency, such amount shall be the U.S. Dollar Equivalent of such amount (rounded to the nearest unit of such Alternative Currency or Alternative LC Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent or the applicable Issuing Bank, as the case may be.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For purposes of any determination under <u>Article 5</u> or <u>Article 6</u> (other than <u>Section 6.10</u> and the calculation of compliance with any financial ratio for purposes of taking any action hereunder) with respect to the amount of any Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition, Sale and Lease-Back Transaction, affiliate transaction or other transaction, event or circumstance (any of the foregoing, a "**relevant transaction**"), in a currency other than U.S. Dollars, (i) the U.S. Dollar equivalent amount of a relevant transaction in a currency other than U.S. Dollars shall be calculated based on the rate of exchange quoted by the Bloomberg Foreign Exchange Rates & World Currencies Page (or any successor page thereto, or in the event such rate does not appear on any Bloomberg Page, by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Parent Guarantor) for such foreign currency, as in effect at 11:00 a.m., London time, on the date of such relevant transaction (which, in the case of any Restricted Payment, Restricted Debt Payment, Investment, Disposition or incurrence of Indebtedness, shall be determined as set forth in <u>Section 1.04(d)</u>); <u>provided</u>, that, if any Indebtedness is incurred (and, if applicable, associated Lien granted) to refinance or replace other Indebtedness denominated in a currency other than U.S. Dollars, and the relevant refinancing or replacement would cause the applicable U.S. Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing or replacement, such U.S. Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing or replacement Indebtedness (and, if applicable, associated Lien granted) does not exceed an amount sufficient to repay the principal amount of such Indebtedness being refinanced or replaced, except by an amount equal to (x) unpaid accrued interest, penalties and premiums (including tender premiums) thereon plus underwriting discounts and other customary fees, commissions and expenses (including upfront fees, original issue discount or initial yield payment) incurred in connection with such refinancing or replacement and (y) additional amounts permitted to be incurred under <u>Section 6.01</u> (or, if applicable, secured under <u>Section 6.02</u>) (subject to utilization of such amounts), and (ii) for the avoidance of doubt, no Default or Event of Default shall be deemed to have occurred solely as a result of a change in the rate of currency exchange occurring after the time of any relevant transaction so long as such relevant transaction was permitted at the time incurred, made, acquired, committed, entered or declared as set forth in <u>clause (i)</u> above. For purposes of <u>Section 6.10</u> and the calculation of compliance with any financial ratio for purposes of taking any action hereunder (including for purposes of calculating availability under the Incremental Cap) on any relevant date of determination, amounts denominated in currencies other than U.S. Dollars shall be translated into U.S. Dollars at the applicable currency exchange rate used in preparing the financial statements delivered pursuant to <u>Sections 5.01(a)</u> or <u>5.01(b)</u> (or, prior to the first such delivery, the financial statements referred to in <u>Section 3.04</u>), as applicable, for the relevant Test Period. Notwithstanding the foregoing or anything to the contrary herein, to the extent that the Parent Guarantor would not be in compliance with <u>Section 6.10</u> if any Indebtedness denominated in a currency other than U.S. Dollars were to be translated into U.S. Dollars on the basis of the applicable currency exchange rate used in preparing the financial statements delivered pursuant to <u>Section 5.01(a)</u> or <u>5.01(b)</u>, as applicable, for the relevant Test Period, but would be in compliance with <u>Section 6.10</u> if such Indebtedness that is denominated in a currency other than in U.S. Dollars were instead translated into U.S. Dollars on the basis of the average relevant currency exchange rates over such Test Period (taking into account the currency translation effects, determined in accordance with GAAP, of any Hedge Agreement permitted hereunder in respect of currency exchange risks with respect to the applicable currency in effect on the date of determination for the U.S. Dollar equivalent amount of such Indebtedness), then, solely for purposes of compliance with <u>Section 6.10</u>, the First Lien Leverage Ratio and/or Interest Coverage Ratio as of the last day of such Test Period shall be calculated on the basis of such average relevant currency exchange rates.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time specify with the Parent Guarantor's consent to appropriately reflect a change in currency of any country and any relevant market convention or practice relating to such change in currency.

SECTION 1.09. <u>Cashless Rollovers</u>. Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Document, to the extent that any Lender extends the maturity date of, or replaces, renews or refinances, any of its then-existing Loans with Incremental Loans, Replacement Term Loans, Loans in connection with any Replacement Revolving Facility, Extended Term Loans, Extended Revolving Loans or loans incurred under a new credit facility, in each case, to the extent such extension, replacement, renewal or refinancing is effected by means of a "cashless roll" by such Lender, such extension, replacement, renewal or refinancing shall be deemed to comply with any requirement hereunder or any other Loan Document that such payment be made "in U.S. Dollars", "in immediately available funds", "in Cash" or any other similar requirement.

SECTION 1.10. <u>Additional Alternative Currencies</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Revolving Credit Borrowers may from time to time request that Revolving Loans of any Class be made to the Revolving Credit Borrowers and/or Letters of Credit be issued to the Revolving Credit Borrowers in a currency other than U.S. Dollars and those specifically listed in the definition of "Alternative Currencies"; <u>provided</u> that such requested currency is a lawful currency (other than U.S. Dollars) that is readily available and freely transferable and convertible into U.S. Dollars. In the case of any such request with respect to the making of Revolving Loans of any Class, such request shall be subject to the approval of the Administrative Agent and the Revolving Lenders of the applicable Class that will provide such Loans, and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Issuing Banks, in each case as set forth in <u>Section 9.02(b)(ii)(F)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., New York City time, ten Business Days prior to the requested date of the making of such Revolving Loan or issuance of such Letter of Credit (or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of Credit, the applicable Issuing Banks, in its or their sole discretion). In the case of any such request pertaining to Revolving Loans of any Class, the Administrative Agent shall promptly notify each Revolving Lender of such Class thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify the applicable Issuing Bank thereof. Each applicable Revolving Lender (in the case of any such request pertaining to Revolving Loans) or each applicable Issuing Bank (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., New York City time, five Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Revolving Loans of such Class or the issuance of Letters of Credit, as the case may be, in such requested currency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any failure by a Revolving Lender or Issuing Bank, as the case may be, to respond to such request within the time period specified in the preceding paragraph shall be deemed to be a refusal by such Revolving Lender or Issuing Bank, as the case may be, to permit Revolving Loans of such Class to be made or Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the applicable Revolving Lenders and Issuing Banks consent to making Revolving Loans or issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Parent Guarantor, and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any borrowing of Revolving Loans of such Class or issuance of Letters of Credit in such currency, as applicable, in which case the Parent Guarantor, the Administrative Agent and

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the Revolving Lenders of such Class shall be permitted (but not required) to amend this Agreement and the other Loan Documents as necessary to accommodate such Borrowings and/or Letters of Credit (as applicable), in accordance with <u>Section 9.02(b)(ii)(F)</u>. If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this <u>Section 1.10</u>, the Administrative Agent shall promptly so notify the Parent Guarantor. Except to the extent otherwise expressly provided, to the extent that the then existing Benchmarks are not applicable to or available with respect to any Revolving Loan denominated in any Alternative Currency added pursuant to this <u>Section 1.10</u>, the components of the interest rate applicable to such Revolving Loan shall be separately agreed by the Parent Guarantor and the Administrative Agent.

SECTION 1.11. <u>Agreed Security Principles</u>. The Collateral Documents, guarantee provisions hereof (including as applied to any Guarantee Supplement), and each other guaranty and security document delivered or to be delivered under this Agreement and any obligation to enter into such document or obligation in each case by the Parent Guarantor or any Foreign Subsidiary shall be granted in accordance with the Agreed Security Principles.

SECTION 1.12. <u>Additional Borrowers; Administrative Borrower as Representative</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) From time to time on or after <u>**the later of**</u> the Availability <u>**Date and the Spin-Off Effective**</u> Date, and with 10 Business Days' notice to the Administrative Agent (or such shorter period as the Administrative Agent may agree), subject to (i) completion of customary "know your customer" procedures and delivery of related information (including, if such Additional Borrower qualifies as a "legal entity customer" under the Beneficial Ownership Regulation, a Beneficial Ownership Certificate as to such Additional Borrower) (ii) the delivery of customary joinder, reaffirmation and related deliverables, including corporate ancillary and legal opinions, in each case as the Administrative Agent may reasonably request, the Parent Guarantor may designate any Restricted Subsidiary that is a Wholly-Owned Subsidiary of the Parent Guarantor as an additional Revolving Credit Borrower (each, an "**Additional Borrower**") under any Revolving Facility, <u>provided</u> that such Restricted Subsidiary prior to or contemporaneously with becoming an Additional Borrower (i) (A) is incorporated in a jurisdiction of another existing Revolving Credit Borrower under such Revolving Facility or (B) such Additional Borrower is approved by the Administrative Agent, each Revolving Lender under such Revolving Facility and each Issuing Bank and (ii) such Additional Borrower becomes a Guarantor and, subject to the Agreed Security Principles, otherwise satisfies as to it all the requirements set forth in the definition of "Collateral and Guarantee Requirement".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Once a Restricted Subsidiary has become an Additional Borrower in accordance with <u>clause (a)</u> above, it shall be a "Revolving Credit Borrower" in respect of the applicable Revolving Facility and will have the right to request Revolving Loans under such Revolving Facility or Letters of Credit, as the case may be, in accordance with <u>Article 2</u> hereof until the earlier to occur of the applicable Maturity Date or the date on which such Additional Borrower resigns as an Additional Borrower in accordance with <u>clause (c)</u> below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) An Additional Borrower may elect to resign as an Additional Borrower; <u>provided</u> that (i) no Default or Event of Default is continuing or would result from the resignation of such Additional Borrower, (ii) such resigning Additional Borrower has delivered to the Administrative Agent a written notice of resignation, (iii) all outstanding Revolving Loans of such Additional Borrower, together with all accrued and unpaid interest, accrued and unpaid fees and other unpaid amounts owing by such Additional Borrower hereunder as a Borrower (in each case, solely if any) shall be deemed to be assigned to the Administrative Borrower, and the Administrative Borrower shall be deemed to have assumed such unpaid Revolving Loans, and outstanding interest, unpaid fees and other unpaid amounts (in each case, if any), as its primary obligations as Borrower, (iv) each Letter of Credit with respect to which such

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Additional Borrower is an account party shall be deemed to have been issued for the account of the Administrative Borrower, and the Administrative Borrower shall be deemed to have assumed all obligations in respect of such Letter of Credit, including all obligations with respect to LC Disbursements, interest and participation and fronting fees with respect thereto, as its primary obligations as Borrower and (v) its obligations in its capacity as Guarantor (if required to become a Guarantor) continue to be legal, valid, binding and enforceable and in full force and effect. Upon satisfaction of the requirements in <u>sub-clauses (i)</u>, <u>(ii)</u>, <u>(iii)</u>, <u>(iv)</u> and <u>(v)</u> of this <u>clause (c)</u>, the relevant Additional Borrower shall cease to be an Additional Borrower and a Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Borrower (other than the Administrative Borrower) hereby designates and appoints each of the Administrative Borrower and the Parent Guarantor as its agent and representative. Each of the Administrative Borrower and the Parent Guarantor shall act as the agent and/or representative of any Borrower for the purposes of (i) delivering Borrowing Requests, Interest Election Requests and other notices pursuant to <u>Article 2</u> hereof (and for the purpose of giving instructions with respect to the disbursement of the proceeds of any such Loans or the issuance, amendment or extension of any Letters of Credit), (ii) delivering and receiving all other notices, consents, certificates and similar instruments contemplated hereunder or under any of the other Loan Documents and (iii) taking all other actions (including in respect of compliance with covenants and certifications) on behalf of any Borrower under any Loan Document. Each of the Administrative Borrower and the Parent Guarantor hereby accepts such designation and appointment.

SECTION 1.13. <u>Foreign Collateral Agent</u>. Notwithstanding anything contained in this Agreement or any other Loan Document to the contrary and without limiting any rights, protections, immunities or indemnities afforded to the Foreign Collateral Agent under this Agreement (including, without limitation, <u>Article 8</u>) or any other Loan Document, any reference in a Loan Document to the Foreign Collateral Agent providing its approval, consent or waiver, or making a request or determination or giving direction, or to a matter, item or a Person being acceptable to, satisfactory to, approved by or specified by the Foreign Collateral Agent, or to the Foreign Collateral Agent exercising its discretion to require or waive certain steps or actions to be taken, or the Foreign Collateral Agent disagreeing with any calculation, or to the Foreign Collateral Agent otherwise exercising any discretion or power, and phrases of similar import that authorize or permit the Foreign Collateral Agent to approve, disapprove, determine, act, evaluate or elect to act in its discretion, unless otherwise expressly specified, shall be subject to the Foreign Collateral Agent receiving a direction from the Administrative Agent (or the Required Lenders or such other number or percentage of the Lenders as shall expressly be required under this Agreement or the other Loan Documents). In addition, any reference in the Loan Documents to (a) the Foreign Collateral Agent acting reasonably, (b) the Foreign Collateral Agent reasonably requiring an action or a matter or the provision of any document, information, report, confirmation or evidence, (c) a matter being in the reasonable opinion of the Foreign Collateral Agent, (d) the Foreign Collateral Agent's approval or consent not being unreasonably withheld or delayed or (e) any document, report, confirmation or evidence being required to be reasonably satisfactory to the Foreign Collateral Agent, are, in each case, to be construed, unless otherwise expressly specified herein or in the applicable Loan Document, as the Foreign Collateral Agent acting on the instructions of the Administrative Agent (or the Required Lenders or such other number or percentage of the Lenders as shall expressly be required under this Agreement or the other Loan Documents). Where the Foreign Collateral Agent is obliged to consult under the terms of the Loan Documents, unless otherwise expressly specified, the Administrative Agent (or the Required Lenders or such other number or percentage of the Lenders as shall expressly be required under this Agreement or the other Loan Documents) must instruct the Foreign Collateral Agent to consult in accordance with the terms of the applicable Loan Document and the Foreign Collateral Agent shall take such action in accordance with the instructions it receives from the Administrative Agent, the Required Lenders or such other number or percentage of the Lenders as shall expressly be required under this Agreement or the other Loan Documents, as applicable. The Foreign Collateral Agent shall be under no obligation to determine the reasonableness of such circumstances or whether in giving such instructions the Administrative Agent (or the Required Lenders or such other number or percentage of the Lenders as shall expressly be required under this Agreement or the other Loan Documents) are acting in a reasonable manner.

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SECTION 1.14. <u>Interest Rates; Benchmark Notification</u>. The interest rate on a Loan denominated in U.S. Dollars or an Alternative Currency may be derived from an interest rate benchmark that is, or may in the future become, the subject of regulatory reform. Upon the occurrence of a Benchmark Transition Event, <u>Section 2.14(b)</u> provide a mechanism for determining an alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission, performance or any other matter related to any interest rate used in this Agreement, or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the existing interest rate being replaced or have the same volume or liquidity as did any existing interest rate prior to its discontinuance or unavailability. The Administrative Agent and its Affiliates and/or other related Persons may engage in transactions that affect the calculation of any interest rate used in this Agreement or any alternative, successor or alternative rate (including any Benchmark Replacement) and/or any relevant adjustments thereto, in each case, in a manner adverse to the Borrowers. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any interest rate used in this Agreement, any component thereof, or rates referenced in the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to any Borrower, any Lender or any other Person for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service.

SECTION 1.15. <u>Divisions</u>. For all purposes under the Loan Documents, in connection with any division or plan of division of or with respect to any Person under Delaware law (or any comparable event under the applicable law of any other jurisdiction), if, pursuant thereto, (a) any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been Disposed by the original Person to the subsequent Person and (b) any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Capital Stock at such time.

SECTION 1.16. <u>Blocking Regulation</u>. In relation to any Lender (each, a "**Restricted Lender**") that is subject to the regulations referred to below, any representation, warranty or covenant set forth herein that refers to <u>Sanctions</u> (each, a "**Specified Provision**") shall only apply for the benefit of such Restricted Lender to the extent that such Specified Provision would not result in a violation of, conflict with or liability under Council Regulation (EC) 2271/96 (or any law implementing such regulation in any member state of the European Union), Section 7 of the German Foreign Trade Regulation (*Außenwirtschaftsverordnung*) or any similar blocking or anti-boycott law in any other relevant jurisdiction (the "**Mandatory Restrictions**"). In the event of any consent or direction by Lenders in respect of any Specified Provision of which a Restricted Lender does not have the benefit due to a Mandatory Restriction, then, notwithstanding anything to the contrary in the definition of Required Lenders, Required Revolving Lenders or Required RCF/TLA Lenders, for so long as such Restricted Lender shall be subject to a Mandatory Restriction, the Commitments, Term Loans and the Revolving **<u>Credit</u>** Exposure of such Restricted Lender will be disregarded for the purpose of determining whether the requisite consent of the Lenders has been obtained or direction by the requisite Lenders has been made, it being agreed, however, that, unless, in connection with any such determination, the Administrative Agent shall have received written notice from any Lender stating that such Lender is a Restricted Lender with respect thereto, each Lender shall be presumed, in connection with such determination, not to be a Restricted Lender. 

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ARTICLE 2

THE CREDITS

SECTION 2.01. <u>Commitments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the terms and conditions set forth herein (i) each Initial Term Lender severally, and not jointly, agrees to make an Initial Term Loan to any Term Loan Borrower on the Availability Date in U.S. Dollars in a principal amount not to exceed its Initial Term Loan Commitment and (ii) each Initial Revolving Lender severally, and not jointly, agrees to make Initial Revolving Loans to any Revolving Credit Borrower in U.S. Dollars or any Alternative Currency at any time and from time to time during the Revolving Availability Period; <u>provided</u> that, after giving effect to any borrowing of Initial Revolving Loans (and after giving effect to any application of the proceeds of such Initial Revolving Loans pursuant to <u>Section 2.11(a)</u>), (x) such Initial Revolving Lender's Initial Revolving Credit Exposure shall not exceed such Initial Revolving Lender's Initial Revolving Credit Commitment and (y) the Aggregate Initial Revolving Credit Exposure shall not exceed the Aggregate Initial Revolving Credit Commitments. Within the foregoing limits and subject to the terms, conditions and limitations set forth herein, the Revolving Credit Borrowers may borrow, pay or prepay and re-borrow Initial Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans may not be re-borrowed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment, each Lender with an Additional Commitment of a given Class, severally and not jointly, agrees to make Additional Loans of such Class to the Borrowers, which Loans shall not exceed for any such Lender at the time of any incurrence thereof the Additional Commitment of such Class of such Lender as set forth in the applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment.

SECTION 2.02. <u>Loans and Borrowings</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Loan shall be made as part of a Borrowing consisting of Loans of the same Class, Type and currency made by the Lenders ratably in accordance with their respective Commitments of the applicable Class to the same Borrower. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; <u>provided</u> that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender's failure to make Loans as required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to <u>Section 2.14</u>, (i) each Borrowing denominated in U.S. Dollars shall be comprised entirely of ABR Loans, Term SOFR Loans or, if applicable pursuant to <u>Section 2.14</u>, Daily Simple SOFR Loans, in each case, as the Borrowers may request in accordance herewith, (ii) each Borrowing denominated in Euro shall be comprised entirely of EURIBOR Loans, (iii) each Borrowing denominated in Sterling shall be comprised entirely of Daily Simple SONIA Loans, (iv) each Borrowing denominated in Canadian Dollars shall be comprised entirely of Term CORRA Loans or, if applicable pursuant to <u>Section 2.14</u>, Daily Simple CORRA Loans and (v) each Borrowing denominated in Mexican Pesos shall be comprised entirely of TIIE Loans. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; <u>provided</u> that (i) any exercise of such option shall not affect the obligation of the Borrowers to repay such Loan in accordance with the terms of this Agreement, (ii) such Loan shall be deemed to have been made and held by such Lender, and the obligation of the Borrowers to repay such Loan shall nevertheless be to such Lender for the account of such domestic or foreign branch or Affiliate of such Lender and (iii) in

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exercising such option, such Lender shall use reasonable efforts to minimize increased costs to the Borrowers resulting therefrom (which obligation of such Lender shall not require it to take, or refrain from taking, actions that it determines would result in increased costs for which it will not be compensated hereunder or that it otherwise determines would be disadvantageous to it and in the event of such costs for which compensation is provided under this Agreement, the provisions of <u>Section 2.15</u> shall apply); <u>provided</u>, <u>further</u>, that any such domestic or foreign branch or Affiliate of such Lender shall not be entitled to any greater indemnification under <u>Section 2.17</u> with respect to such Loan than that to which the applicable Lender was entitled on the date on which such Loan was made (except in connection with any indemnification entitlement arising as a result of a Change in Law after the date on which such Loan was made).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) At the commencement of each Interest Period for any Term Benchmark Borrowing, such Borrowing shall be an aggregate principal amount that is an integral multiple of US$100,000 and not less than US$500,000 (or the U.S. Dollar Equivalent thereof); <u>provided</u> that (i) any Term Benchmark Borrowing that results from a continuation of an outstanding Borrowing may be in an aggregate principal amount that is equal to such outstanding Borrowing and (ii) any Term Benchmark Borrowing of any Class may be in an aggregate principal amount that is equal to the entire unused balance of the aggregate Commitments of such Class. Each RFR Borrowing when made shall be in an aggregate principal amount that is an integral multiple of US$100,000 and not less than US$500,000 (or the U.S. Dollar Equivalent thereof); <u>provided</u> that any RFR Borrowing of any Class may be in an aggregate principal amount that is equal to the entire unused balance of the aggregate Commitments of such Class. Each ABR Borrowing when made shall be in an aggregate principal amount that is an integral multiple of US$100,000; <u>provided</u> that (x) any ABR Borrowing of any Class may be in an aggregate principal amount that is equal to the entire unused balance of the aggregate Commitments of such Class and (y) an ABR Revolving Borrowing may be made in an aggregate principal amount that is required to finance the reimbursement of an LC Disbursement as contemplated by <u>Section 2.05(e)</u>. Borrowings of more than one Type and Class may be outstanding at the same time; <u>provided</u> that there shall not at any time be more than a total of twenty (or such greater number as the Administrative Agent may agree from time to time) Term Benchmark Borrowings and RFR Borrowings outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding any other provision of this Agreement, no Borrower shall, nor shall any Borrower be entitled to, request, or to elect to convert or continue, any Term Benchmark Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date applicable to the relevant Loans.

SECTION 2.03. <u>Requests for Borrowings</u>. Each borrowing of Loans shall be made upon the applicable Borrower delivering to the Administrative Agent a Borrowing Request, signed by a Responsible Officer of such Borrower (<u>provided</u> that if such Borrowing Request is delivered through an Approved Borrower Portal, then the foregoing signature requirement may be waived by the Administrative Agent in its sole discretion), it being understood that (x) requests in respect of any Borrowings to be made in connection with any acquisition, Investment or repayment, redemption or refinancing of Indebtedness may be conditioned on the closing of such acquisition, Investment or repayment, redemption or refinancing of such Indebtedness. Each Borrowing Request must be received by the Administrative Agent (a)(i) in the case of a Term Benchmark Borrowing denominated in U.S. Dollars, not later than 11:00 a.m., New York City time, three U.S. Government Securities Business Days before the date of the proposed Borrowing, (ii) in the case of an RFR Borrowing denominated in U.S. Dollars (if such Type is applicable pursuant to <u>Section 2.14</u>), not later than 11:00 a.m., New York City time, five Business Days before the date of the proposed Borrowing, (iii) in the case of a Term Benchmark Borrowing denominated in Canadian Dollars, Euro or Mexican Pesos, not later than 11:00 a.m., New York City time, three Business Days before the date of the proposed Borrowing, (iv) in the case of an RFR Borrowing denominated in Sterling, not later than 11:00 a.m., New York City time,

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five RFR Business Days before the date of the proposed Borrowing, (v) in the case of an RFR Borrowing denominated in Canadian Dollars (if such Type is applicable pursuant to <u>Section 2.14</u>), not later than 11:00 a.m., New York City time, five RFR Business Days before the date of the proposed Borrowing and (vi) in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing; <u>provided</u> that any such request for a Borrowing to be made under an Incremental Facility Amendment or a Refinancing Amendment may be delivered no later than such later time as shall be specified therefor in the applicable Incremental Facility Amendment or Refinancing Amendment. Each such Borrowing Request shall specify the following information in compliance with <u>Section 2.02</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Borrower requesting such Borrowing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Class of such Borrowing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the currency of such Borrowing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the aggregate principal amount of the requested Borrowing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the date of such Borrowing, which shall be a Business Day;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) whether such Borrowing is to be an ABR Borrowing, a Term Benchmark Borrowing or an RFR Borrowing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) in the case of a Term Benchmark Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term "Interest Period"; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) the location and number of the applicable Borrower's account (or, so long as reasonably satisfactory to the Administrative Agent, any other designated account(s)) to which funds are to be disbursed (the "**Funding Account**") or, in the case of any ABR Revolving Borrowing requested to finance the reimbursement of an LC Disbursement as provided in <u>Section 2.05(e)</u>, the identity of the Issuing Bank that made such LC Disbursement.

If no election as to the currency of a Borrowing is specified, then the requested Borrowing shall be made in U.S. Dollars. If, with respect to a Borrowing denominated in U.S. Dollars, no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Term Benchmark Borrowing, then the Borrowers shall be deemed to have selected an Interest Period of one month's duration (other than in the case of a Borrowing denominated in Mexican Pesos, which shall be a period of 28 days as contemplated by the definition of Interest Period). Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount (and currency) of such Lender's Loan to be made as part of the requested Borrowing.

SECTION 2.04. <u>[Reserved]</u>.

SECTION 2.05. <u>Letters of Credit</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>General</u>. (i) Subject to the terms and conditions set forth herein, each Issuing Bank agrees, in each case in reliance upon (among other things) the agreements of the Revolving Lenders set forth in this <u>Section 2.05</u>, (A) from time to time on any Business Day during the period from the Availability Date to the fifth Business Day prior to the Latest Revolving Credit Maturity Date (which term, as used in this Section with respect to an obligation of any Issuing Bank to issue, amend or extend Letters of Credit, shall not include any Maturity Date occurring after the Initial Revolving Credit

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Maturity Date unless such Issuing Bank shall have consented thereto), upon the request of a Borrower, to issue Letters of Credit denominated in U.S. Dollars or any Alternative LC Currency issued for the account of such Borrower (or the Parent Guarantor or any Restricted Subsidiary; <u>provided</u> that a Borrower will be the applicant) and to amend or extend Letters of Credit previously issued by it, in accordance with <u>Section 2.05(b)</u>. Notwithstanding anything to the contrary contained in this Agreement, no Issuing Bank shall be obligated to issue Commercial Letters of Credit without its consent. Each Existing Letter of Credit shall be deemed, for all purposes of this Agreement (including <u>Sections 2.05(d)</u> and <u>2.05(e)</u>), to be a Letter of Credit issued hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) No Issuing Bank shall have an obligation to issue any Letter of Credit if (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Bank from issuing such Letter of Credit, (B) customary "know your customer" requirements of such Issuing Bank with respect to the beneficiary of such Letter of Credit would be violated, (C) any law applicable to such Issuing Bank or any directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such Issuing Bank shall prohibit, or direct that such Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or (z) if the issuance of such Letter of Credit would violate any policies or procedures of the Issuing Bank applicable to letters of credit in general. No Issuing Bank shall have an obligation to amend or extend any Letter of Credit if such Issuing Bank shall have no obligation hereunder to issue such Letter of Credit in the form so amended or extended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Notice of Issuance, Amendment or Extension; Certain Conditions</u>. To request the issuance of a Letter of Credit, a Borrower shall deliver to the applicable Issuing Bank (with a copy to the Administrative Agent), at least three Business Days in advance of the requested date of issuance (or such shorter period as is acceptable to the applicable Issuing Bank), a request therefor, which shall be in the customary form of the applicable Issuing Bank. To request an amendment or extension of a Letter of Credit (other than any automatic extension of a Letter of Credit permitted under <u>Section 2.05(c)</u>), the applicable Borrower shall deliver to the applicable Issuing Bank (with a copy to the Administrative Agent), at least three Business Days in advance of the requested date of amendment or extension (or such shorter period as is acceptable to the applicable Issuing Bank), a request therefor, which shall identify the Letter of Credit to be amended or extended, and specify the proposed date (which shall be a Business Day) and other details of the amendment or extension. Requests for the issuance, amendment or extension of any Letter of Credit must be accompanied by such other information required by the applicable Issuing Bank as shall be necessary to issue, amend or extend such Letter of Credit. If requested by the applicable Issuing Bank, the applicable Borrower shall enter into a continuing agreement (or other letter of credit agreement) for the issuance of letters of credit and/or shall submit a letter of credit application, in each case, as required by such Issuing Bank and using such Issuing Bank's standard form (each, a "**Letter of Credit Agreement**"). In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any Letter of Credit Agreement or other agreement submitted by a Borrower to, or entered into by a Borrower with, the applicable Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. A Letter of Credit may be issued, amended or extended only if (and on the date of the issuance, amendment or extension of each Letter of Credit the Borrowers shall be deemed to represent and warrant that), after giving effect to such issuance, amendment or extension, (i) the Total Revolving Credit Exposures shall not exceed the Total Revolving Credit Commitments, (ii) the Revolving Credit Exposure of any Class of any Revolving Lender shall not exceed such Revolving Lender's Revolving Credit Commitment of such Class, (iii) the aggregate amount of the LC Exposure shall not exceed the Letter of Credit Sublimit and (iv) the aggregate amount of the LC Exposure attributable to Letters of Credit issued by any Issuing Bank shall not, unless otherwise agreed by such Issuing Bank, exceed such Issuing Bank's Letter of Credit Commitment. In addition, no Issuing Bank shall be required to issue, amend or extend any Letter of

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Credit if the expiration date of such Letter of Credit extends beyond the fifth Business Day prior to the Maturity Date applicable to the Revolving Credit Commitments of any Class unless (A) the aggregate amount of the LC Exposure attributable to Letters of Credit expiring after such date does not exceed the aggregate amount of the Revolving Credit Commitments then in effect that are scheduled to remain in effect after such date, (B) all Revolving Lenders and such Issuing Bank shall have consented to such expiration date, (C) the Borrowers shall have caused such Letter of Credit to be backstopped by a letter of credit reasonably satisfactory to such Issuing Bank or (D) the Borrowers shall have caused such Letter of Credit to be Cash collateralized in accordance with <u>Section 2.05(j),</u> *mutatis mutandis*, in the case of <u>clause (C)</u> or <u>(D)</u>, on or before the date that such Letter of Credit is issued, amended or extended beyond such date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Expiration Date</u>. No Letter of Credit shall expire later than the earlier of (i) the date that is one year after the date of the issuance of such Letter of Credit (or such later date to which the relevant Issuing Bank may agree) and (ii) five (5) Business Days prior to the Latest Revolving Credit Maturity Date; <u>provided</u> that, any Letter of Credit may provide for the automatic extension thereof for any number of additional periods each of up to one year in duration (none of which, in any event, shall extend beyond the date referred to in the preceding <u>clause (ii)</u> unless 103% of the then-available amount thereof is Cash collateralized or backstopped on or before the date that such Letter of Credit is extended beyond the date referred to in <u>clause (ii)</u> above pursuant to arrangements reasonably satisfactory to the relevant Issuing Bank).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Participations</u>. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof or extending the expiration thereof) and without any further action on the part of the applicable Issuing Bank or the Revolving Lenders, the applicable Issuing Bank hereby grants to each Revolving Lender, and each Revolving Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such Revolving Lender's Applicable Revolving Credit Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank, such Lender's Applicable Revolving Credit Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by the Borrowers on the date due as provided in <u>paragraph (e)</u> of this Section, or of any reimbursement payment required to be refunded to the Borrowers for any reason, each such payment to be made (i) in the case of Letters of Credit denominated in an Agreed Currency, in the currency of such LC Disbursement or (ii) in the case of Letters of Credit denominated in any other currency, in U.S. Dollars in an amount equal to the U.S. Dollar Equivalent of such LC Disbursement or reimbursement payment, calculated by the Administrative Agent using the Exchange Rate on the applicable LC Participation Calculation Date. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, reinstatement or extension of any Letter of Credit, the occurrence and continuance of a Default or Event of Default, reduction or termination of the Revolving Credit Commitments of any Class or any force majeure or other event that under any rule of law or uniform practices to which any Letter of Credit is subject (including <u>Section 3.14</u> of the ISP or any successor publication of the International Chamber of Commerce) permits a drawing to be made under such Letter of Credit after the expiration thereof or of the Revolving Credit Commitments of any Class, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Reimbursement</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If any Issuing Bank makes any LC Disbursement in respect of a Letter of Credit, the applicable Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than 1:00 p.m., New York City time, on the Business Day immediately following the date on which such Borrower receives notice under <u>paragraph (g)</u> of this Section of such LC Disbursement; <u>provided</u> that, in the case of any LC Disbursement denominated in U.S. Dollars, such Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with <u>Section 2.03</u> that such payment be financed with an ABR Revolving Loan and, to the extent so financed, such Borrower's obligation to make such payment shall be discharged and replaced by the resulting Revolving Borrowing. If such Borrower fails to make such payment when due, the applicable Issuing Bank shall notify the Administrative Agent thereof, whereupon (i) if such payment relates to a Letter of Credit denominated in an Alternative LC Currency that is not an Agreed Currency, automatically and with no further action required, the obligation of such Borrower to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the U.S. Dollar Equivalent, calculated using the Exchange Rate on the applicable LC Participation Calculation Date, of such LC Disbursement and (ii) in the case of each LC Disbursement, the Administrative Agent shall notify each Revolving Lender of the applicable LC Disbursement, the amount of the payment then due from such Borrower in respect thereof and such Revolving Lender's Applicable Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from such Borrower in the currency of such LC Disbursement (or, in the case of any LC Disbursement in respect of a Letter of Credit denominated in a currency that is not an Agreed Currency, in U.S. Dollars), in the same manner as provided in <u>Section 2.07</u> with respect to Loans made by such Revolving Lender (and <u>Section 2.07</u> shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders under this paragraph), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the Revolving Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrowers pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Revolving Lenders and such Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse any Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve any Borrower of its obligation to reimburse such LC Disbursement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If any Revolving Lender fails to make available to the Administrative Agent for the account of the applicable Issuing Bank any amount required to be paid by such Revolving Lender pursuant to <u>Section 2.05(e)(i)</u> by the time specified therein, such Issuing Bank shall be entitled to recover from such Revolving Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to such Issuing Bank at a rate per annum equal to the applicable Overnight Rate. A certificate of the applicable Issuing Bank submitted to any Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this <u>clause (ii)</u> shall be conclusive absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Obligations Absolute</u>. The Borrowers' obligation to reimburse LC Disbursements as provided in <u>paragraph (e)</u> of this Section shall be absolute, unconditional and irrevocable and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein or herein, (ii) any draft or other document presented under any Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the applicable Issuing Bank under any Letter of Credit against presentation of a draft or other document that does not comply with the terms of such

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Letter of Credit, (iv) any <u>force majeure</u> or other event that under any rule of law or uniform practices to which any Letter of Credit is subject (including <u>Section 3.14</u> of ISP 98 or any successor publication of the International Chamber of Commerce) permits a drawing to be made under such Letter of Credit after the stated expiration date thereof or of the Revolving Credit Commitments of any Class or (v) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, any Borrower's obligations hereunder. None of the Administrative Agent, the Revolving Lenders, any Issuing Bank or any of their respective Related Parties shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms, any error in translation, or any consequence arising from causes beyond the control of such Issuing Bank; <u>provided</u> that the foregoing shall not be construed to excuse such Issuing Bank from liability to any Borrower to the extent of any direct damages (as opposed to special, indirect, consequential or punitive damages, claims in respect of which are hereby waived by any Borrower to the extent permitted by applicable law) suffered by any Borrower that are caused by such Issuing Bank's failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of the applicable Issuing Bank (as finally determined by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the applicable Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Disbursement Procedures</u>. The applicable Issuing Bank, within the time allowed by applicable law or the specific terms of the Letter of Credit following its receipt thereof, shall examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower by telephone (confirmed by transmission by electronic communication in accordance with <u>Section 9.01(b)</u>) of such demand for payment if such Issuing Bank has made or will make an LC Disbursement thereunder; <u>provided</u> that no failure to give or delay in giving such notice shall relieve any Borrower of its obligation to reimburse such Issuing Bank and the Revolving Lenders with respect to any such LC Disbursement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Interim Interest</u>. If any Issuing Bank makes any LC Disbursement, then, unless a Borrower reimburses such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that a Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at (i) in the case of any LC Disbursement denominated in U.S. Dollars, and at all times following the conversion to U.S. Dollars of any LC Disbursement made in an Alternative LC Currency pursuant to <u>Section 2.05(e)</u> or <u>2.05(l)</u>, the rate per annum then applicable to Initial Revolving Loans that are ABR Revolving Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the ABR Revolving Loans of such other Class) and (ii) in the case of an LC Disbursement denominated in any Alternative LC Currency, at all times prior to its conversion to U.S. Dollars pursuant to <u>Section 2.05(e)</u> or <u>2.05(l)</u>, a rate per annum equal to the applicable Alternative LC Currency Overnight Rate <u>plus</u> the Applicable Rate used to determine

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interest applicable to Initial Revolving Loans that are Term Benchmark Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the Applicable Rate used to determine interest applicable to the Revolving Loans of such other Class that are Term Benchmark Loans or RFR Loans); <u>provided</u> that if a Borrower fails to reimburse such LC Disbursement when due pursuant to <u>paragraph (e)</u> of this Section, then <u>Section 2.13(d)</u> shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to <u>paragraph (e)</u> of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the applicable Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Resignation or Replacement of an Issuing Bank or Addition of New Issuing Banks</u>. Any Issuing Bank may resign as an Issuing Bank upon 30 days' prior written notice to the Administrative Agent and the Parent Guarantor. Any Issuing Bank may be replaced with the consent of the Administrative Agent (not to be unreasonably withheld or delayed), the Parent Guarantor and the successor Issuing Bank at any time by written agreement among the Parent Guarantor, the Administrative Agent and the successor Issuing Bank. At the time any such resignation or replacement shall become effective, the Borrowers shall pay all unpaid fees accrued for the account of the retiring or replaced Issuing Bank pursuant to <u>Section 2.12(b)(ii)</u>. From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term "Issuing Bank" shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the resignation or replacement of an Issuing Bank hereunder, the retiring or replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall not be required to issue additional Letters of Credit, or amend or extend any existing Letters of Credit, after such resignation or replacement. The Parent Guarantor may, at any time and from time to time with the consent of the Administrative Agent (which consent shall not be unreasonably withheld or delayed), designate any consenting Revolving Lender to act as an Issuing Bank under the terms of this Agreement by written agreement among the Parent Guarantor, the Administrative Agent and such Revolving Lender. Any Revolving Lender designated as an Issuing Bank pursuant to this paragraph shall be deemed to be an "Issuing Bank" (in addition to being a Revolving Lender) in respect of Letters of Credit issued or to be issued by such Revolving Lender, and, with respect to such Letters of Credit, such term shall thereafter apply to the other Issuing Bank and such Revolving Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Cash Collateralization</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If any Event of Default exists, then on the Business Day that the Parent Guarantor receives notice from the Administrative Agent (at the direction of the Required Revolving Lenders) demanding the deposit of Cash collateral pursuant to this <u>paragraph (j)</u>, upon such demand, a Borrower shall deposit, in an interest-bearing account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Revolving Lenders (the "**LC Collateral Account**"), an amount in Cash in U.S. Dollars equal to 103% of the LC Exposure as of such date (minus the amount then on deposit in the LC Collateral Account); <u>provided</u> that the obligation to deposit such Cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to a Borrower described in <u>Section 7.01(h)</u> or <u>7.01(i)</u>. The Borrowers shall also deposit Cash collateral in accordance with this <u>Section 2.05(j)</u> as and to the extent required by <u>Sections 2.11(b)(vii)</u>, <u>2.18(b)</u> and <u>2.21</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Any such deposit under <u>clause (i)</u> above shall be held by the Administrative Agent as collateral for the payment and performance of the Obligations in accordance with the provisions of this <u>paragraph (j)</u>. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account, and each Borrower hereby grants the Administrative Agent, for the benefit of the Secured Parties, a first-priority security interest in the LC Collateral Account. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the applicable Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of each Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of the Required Revolving Lenders and, in the case of any such application at a time when any Revolving Lender is a Defaulting Lender (but only if, after giving effect thereto, the remaining Cash collateral shall be less than the aggregate LC Exposure of all the Defaulting Lenders), the consent of each Issuing Bank) be applied to satisfy other Obligations. If a Borrower is required to provide an amount of Cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (together with all interest and other earnings with respect thereto, to the extent not applied as aforesaid) shall be returned to such Borrower promptly but in no event later than three Business Days after such Event of Default has been cured or waived.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Letter of Credit Amounts</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the U.S. Dollar Equivalent of the Stated Amount of such Letter of Credit available to be drawn at such time; <u>provided</u> that with respect to any Letter of Credit that, by its terms, provides for one or more automatic increases in the available amount thereof, the amount of such Letter of Credit shall be deemed to be the U.S. Dollar Equivalent of the maximum amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum amount is available to be drawn at such time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) A Letter of Credit shall be deemed at a particular time to be "outstanding", and not to have "terminated", in each case regardless of the expiration date of the Letter of Credit, if (A) a presentation made at such time under such Letter of Credit would be required to be honored if otherwise made in accordance with the terms and conditions of such Letter of Credit, or (B) a presentation made on or before the latest date for presentation under such Letter of Credit has not yet been honored and under the applicable letter of credit practice rules or applicable law the time to give timely notice of refusal of such presentation for documentary discrepancies has not yet passed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <u>Conversion</u>. In the event that the Revolving Loans become immediately due and payable on any date pursuant to <u>Article 7</u>, all amounts (i) that any Borrower is at the time or becomes thereafter required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Letter of Credit denominated in an Alternative LC Currency that is not an Agreed Currency, (ii) that the Revolving Lenders are at the time or become thereafter required to pay to the Administrative Agent (and the Administrative Agent is at the time or becomes thereafter required to distribute to the applicable Issuing Bank) pursuant to <u>Section 2.05(e)</u> in respect of unreimbursed LC Disbursements made under any Letter of Credit denominated in an Alternative LC Currency that is not an Agreed Currency and (iii) of each Lender's participation in any Letter of Credit denominated in an Alternative LC Currency that is not an Agreed Currency under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the U.S. Dollar Equivalent, calculated using the Exchange Rate on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, any Issuing Bank or any Lender in respect of the obligations described in this <u>Section 2.05(l)</u> shall accrue and be payable in U.S. Dollars at the rates otherwise applicable hereunder.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) <u>Certain Acknowledgements</u>. Notwithstanding that a Letter of Credit issued or outstanding hereunder supports any obligations of, or is for the account of, the Parent Guarantor or a Restricted Subsidiary (other than a Borrower), or states that the Parent Guarantor or a Restricted Subsidiary (other than a Borrower) is the "account party", "applicant", "customer", "instructing party", or the like of or for such Letter of Credit, and without derogating from any rights of the applicable Issuing Bank (whether arising by contract, at law, in equity or otherwise) against the Parent Guarantor or such Restricted Subsidiary in respect of such Letter of Credit, the Borrowers (i) shall reimburse, indemnify and compensate the applicable Issuing Bank hereunder for such Letter of Credit (including to reimburse any and all drawings thereunder, the payment of interest thereon and the payment of fees due under <u>Section 2.12(b)</u>) as if such Letter of Credit had been issued solely for the account of a Borrower and (ii) irrevocably waive any and all defenses that might otherwise be available to any of them as a guarantor or surety of any or all of the obligations of the Parent Guarantor or such Restricted Subsidiary in respect of such Letter of Credit. Each Borrower hereby acknowledges that the issuance of Letters of Credit for the Parent Guarantor or any Restricted Subsidiary inures to the benefit of such Borrower, and that such Borrower's business derives substantial benefits from the businesses of the Parent Guarantor and the Restricted Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) <u>Reporting</u>. Not later than the third Business Day following the last day of each month and on the date of any issuance of any Letter of Credit (or at such other intervals as the Administrative Agent and the applicable Issuing Bank shall agree), each Issuing Bank shall provide to the Administrative Agent a schedule of the Letters of Credit issued by it, in form and substance reasonably satisfactory to the Administrative Agent, showing the date of issuance of each Letter of Credit, the account party, the original amount (if any), the expiration date, and the reference number of any Letter of Credit outstanding at any time during such month, and showing the aggregate amount (if any) payable by the Borrowers to such Issuing Bank during such month.

SECTION 2.06. <u>[Reserved]</u>.

SECTION 2.07. <u>Funding of Borrowings</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 9:00 a.m., New York City time (or (x) in the case of an ABR Borrowing, if later, such time as shall be two hours after delivery to the Administrative Agent of the applicable Borrowing Request or (y) in the case of any Loans to be made pursuant to any Incremental Facility Amendment or Refinancing Amendment, such other time as may be specified therein) to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders in an amount equal to such Lender's respective Applicable Percentage. The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to the Funding Account; <u>provided</u> that ABR Revolving Loans made to finance the reimbursement of any LC Disbursement as provided in <u>Section 2.05(e)</u> shall be remitted by the Administrative Agent to the applicable Issuing Bank.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Unless the Administrative Agent has received notice from any Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender's share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with <u>paragraph (a)</u> of this Section and may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. In such event, if any Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the applicable Borrower severally agree to pay to the Administrative Agent forthwith on demand (without duplication) such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the applicable Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the applicable Overnight Rate or (ii) in the case of a Borrower, the interest rate applicable to the Loans comprising such Borrowing at such time. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender's Loan included in such Borrowing and the applicable Borrower's obligation to repay the Administrative Agent such corresponding amount pursuant to this <u>Section 2.07(b)</u> shall cease. If a Borrower pays such amount to the Administrative Agent, the amount so paid shall constitute a repayment of such Borrowing by such amount. If such Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to such Borrower the amount of such interest paid by such Borrower for such period. Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Commitment or to prejudice any rights which the Administrative Agent or any Borrower or any other Loan Party may have against any Lender as a result of any default by such Lender hereunder.

SECTION 2.08. <u>Type; Interest Elections</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Term Benchmark Borrowing, shall have an initial Interest Period as specified in such Borrowing Request or as otherwise provided in <u>Section 2.03</u>. Thereafter, the applicable Borrower may elect to convert any Borrowing to a Borrowing of a different Type available in such currency or to continue any Borrowing and, in the case of a Term Benchmark Borrowing, may elect Interest Periods therefor, all as provided in this Section. A Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders based upon their Applicable Percentages and the Loans comprising each such portion shall be considered a separate Borrowing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To make an election pursuant to this Section, the applicable Borrower shall deliver an Interest Election Request, appropriately completed and signed by a Responsible Officer of such Borrower (<u>provided</u> that if such Interest Election Request is delivered through an Approved Borrower Portal, then the foregoing signature requirement may be waived by the Administrative Agent in its sole discretion), to the Administrative Agent by the time that a Borrowing Request would be required under <u>Section 2.03</u> if a Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each Interest Election Request shall be irrevocable and shall specify the following information in compliance with <u>Section 2.02</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to <u>clauses (iii)</u> and <u>(iv)</u> below shall be specified for each resulting Borrowing);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the Type of the resulting Borrowing; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) if the resulting Borrowing is to be a Term Benchmark Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term "Interest Period".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each applicable Lender of the details thereof and of such Lender's portion of each resulting Borrowing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If a Borrower fails to deliver a timely Interest Election Request with respect to a Term Benchmark Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein and subject to <u>Section 2.14</u>, such Borrowing shall be converted at the end of such Interest Period to a Term Benchmark Borrowing with an Interest Period of one month. Notwithstanding any contrary provision hereof, if an Event of Default exists and the Administrative Agent, at the request of the Required Lenders, so notifies the Parent Guarantor, then, so long as such Event of Default exists (i) no outstanding Borrowing denominated in U.S. Dollars may be converted to or continued as a Term Benchmark Borrowing and (ii) unless repaid, each Term Benchmark Borrowing denominated in U.S. Dollars shall be converted to an ABR Borrowing at the end of the then-current Interest Period applicable thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) It is understood and agreed that (i) only a Borrowing denominated in U.S. Dollars may be made as, or converted to, an ABR Loan, (ii) a Borrowing denominated in an Alternative Currency may only be made as, or continued as, a Term Benchmark Loan or an RFR Loan, as applicable to Borrowings denominated in such Alternative Currency pursuant to <u>Section 2.02</u>, (iii) no Borrower may elect an Interest Period for Term Benchmark Loans that does not comply with <u>Section 2.02(d)</u> and (iv) no Borrower may change the currency in which any Borrowing is denominated.

SECTION 2.09. <u>Termination and Reduction of Commitments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Unless previously terminated, (i) the Initial Term Loan Commitments shall automatically terminate on the earlier of (A) immediately following the making of the Initial Term Loans on the Availability Date and (B) 5:00 p.m., New York City time, on the Availability Date, (ii) the Initial Revolving Credit Commitments shall automatically terminate on the Initial Revolving Credit Maturity Date, (iii) the Additional Term Loan Commitments of any Class shall automatically terminate upon the making of the Additional Term Loans of such Class and, if any such Additional Term Loan Commitment is not drawn on the date that such Additional Term Loan Commitment is required to be drawn pursuant to the applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment, the undrawn amount thereof shall terminate unless otherwise provided in the applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment and (iv) the Additional Revolving Credit Commitments of any Class shall automatically terminate on the Maturity Date specified therefor in the applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment. In addition, unless previously terminated, (I) all the Initial Term Loan Commitments and all the Initial Revolving Credit Commitments shall automatically terminate on (x) the date on which Aptiv or the Parent Guarantor shall have publicly announced the termination or abandonment of the Spin-Off, (y) unless the Availability Date shall have occurred prior to or substantially concurrently with the date of the consummation of the Spin-Off, effective immediately after such consummation, and (z) unless the Availability Date shall have occurred prior to such date, April 30, 2026 and (II) if the Availability Date precedes the Spin-Off Effective Date, then, unless the Spin-Off shall have been consummated (in accordance with the requirements set forth in <u>Sections 4.02(a)</u> and <u>4.02(b)</u>) on or prior to the fifth Business Day immediately following the Availability Date, all the Initial Revolving Credit Commitments shall automatically terminate at 5:00 p.m., New York City time, on such fifth Business Day.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon delivering the notice required by <u>Section 2.09(c)</u>, the Administrative Borrower may at any time terminate or from time to time reduce the Commitments of any Class; <u>provided</u> that (i) each reduction of the Commitments of any Class shall be in an amount that is an integral multiple of US$1,000,000 and not less than US$1,000,000 and (ii) the Administrative Borrower shall not terminate or reduce the Revolving Credit Commitments of any Class if, after giving effect to such termination or reduction, as applicable, and any concurrent prepayment of Revolving Loans, the aggregate amount of the Revolving Credit Exposure attributable to the Revolving Credit Commitments of such Class would exceed the aggregate amount of the Revolving Credit Commitments of such Class; <u>provided</u> that, after the establishment of any Additional Revolving Credit Commitment, any such termination or reduction of the Revolving Credit Commitments of any Class shall be subject to the provisions set forth in <u>Section 2.22</u>, <u>2.23</u> and/or <u>9.02</u>, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Administrative Borrower shall notify the Administrative Agent of any election to terminate or reduce any Class or Classes of Commitments under <u>paragraph (b)</u> of this Section (as selected by the Administrative Borrower) by delivery to the Administrative Agent of a written notice to that effect, signed by a Responsible Officer of the Administrative Borrower (<u>provided</u> that if such notice is delivered through an Approved Borrower Portal, then the foregoing signature requirement may be waived by the Administrative Agent in its sole discretion), not later than 12:00 p.m., New York City time, on or prior to the effective date of such termination or reduction (or not later than 12:00 p.m., New York City time, three Business Days prior to the effective date of such termination or reduction, in the case of a termination or reduction involving a prepayment of Term Benchmark Borrowings or RFR Borrowings (or such later date to which the Administrative Agent may agree)), specifying such election and the effective date thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of each applicable Class or Classes of the contents thereof. Each notice delivered by the Administrative Borrower pursuant to this Section shall be irrevocable; <u>provided</u> that any such notice may state that such notice is conditioned upon the effectiveness of other transactions, in which case such notice may be revoked (or the effective date of such termination or reduction may be extended) by the Administrative Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of any Revolving Credit Commitment pursuant to this <u>Section 2.09</u> shall be permanent. Upon any optional reduction of the Commitments of any Class, the Commitment of each Lender of the relevant Class shall be reduced by such Lender's Applicable Percentage of such reduction amount.

SECTION 2.10. <u>Repayment of Loans; Evidence of Debt</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Term Loan Borrowers hereby jointly and severally unconditionally promise to repay the outstanding principal amount of the Initial Term Loans to the Administrative Agent, for the account of each Initial Term Lender, (i) on the last day of each March, June, September and December of each year (commencing June 30, 2027) (each such date being referred to as an "**Initial Loan Installment Date**"), in the amount equal to the product of (x) the original principal amount of the Initial Term Loans made on the Availability Date and (y) the percentage set forth below for such Initial Loan Installment Date (as such payments may be reduced from time to time as a result of the application of prepayments in accordance with <u>Section 2.11</u> and purchases or assignments in accordance with <u>Section 9.05(g)</u> or increased as a result of any increase in the amount of such Initial Term Loans pursuant to <u>Section 2.22(a)</u>) and (ii) on the Initial Term Loan Maturity Date, in an amount equal to the remainder of the principal amount of the Initial Term Loans outstanding on such date, together with, in each case, accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.

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| | |
|:---|:---|
| **Initial Loan Installment Date** | **Amount of Initial Term Loan Payment** |
| June 30, 2027, September 30, 2027,<br> December 31, 2027 and March 31, 2028 | 1.25% |
| June 30, 2028, September 30, 2028,<br> December 31, 2028 and March 31, 2029 | 1.875% |
| June 30, 2029, September 30, 2029,<br> December 31, 2029 and March 31, 2030 | 2.50% |
| Thereafter | 0.00% |

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Each applicable Term Loan Borrower, jointly and severally with any other applicable Term Loan Borrower, shall repay the Additional Term Loans of any Class in such scheduled amortization installments and on such date or dates as shall be specified therefor in the applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment (as such payments may be reduced from time to time as a result of the application of prepayments in accordance with <u>Section 2.11</u> and purchases or assignments in accordance with <u>Section 9.05(g)</u> or increased as a result of any increase in the amount of such Additional Term Loans pursuant to <u>Section 2.22(a)</u>).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Revolving Credit Borrowers jointly and severally hereby unconditionally promise to pay (i) to the Administrative Agent, for the account of each Initial Revolving Lender, the then-unpaid principal amount of the Initial Revolving Loans of such Lender on the Initial Revolving Credit Maturity Date and (ii) to the Administrative Agent, for the account of each Additional Revolving Lender, the then-unpaid principal amount of each Additional Revolving Loan of such Additional Revolving Lender on the Maturity Date applicable thereto. On the Initial Revolving Credit Maturity Date, the Revolving Credit Borrowers shall make payment in full in Cash of all accrued and unpaid fees and all reimbursable expenses and other Loan Document Obligations with respect to the Initial Revolving Facility then due, together with accrued and unpaid interest (if any) thereon attributable to such Borrowers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If the Maturity Date in respect of any Class of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if one or more other Classes of Revolving Credit Commitments in respect of which the Maturity Date shall not have so occurred are then in effect (or will automatically be in effect upon the occurrence of such Maturity Date), such Letters of Credit shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Lenders to purchase participations therein and to make payments in respect thereof pursuant to <u>Section 2.05(d)</u> and <u>Section 2.05(e)</u>) under (and ratably participated in by Revolving Lenders pursuant to) the non-terminating or new Classes of Revolving Credit Commitments up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Credit Commitments continuing at such time (it being understood that no partial amount of any Letter of Credit may be so reallocated) (in each case, after giving effect to any repayments of Revolving Loans) and (ii) to the extent not reallocated pursuant to the immediately preceding <u>clause (i)</u> and unless provisions reasonably satisfactory to the applicable Issuing Bank for the treatment of such Letter of Credit as a letter of credit under a successor credit facility have been agreed upon, the applicable Revolving Credit Borrower shall, on or prior to the applicable Maturity Date, (x) cause such Letter of Credit to be replaced and returned to the applicable Issuing Bank undrawn and marked "cancelled" or (y) cause such Letter of Credit to be backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank. Commencing with the Maturity Date of any Class of Revolving Credit Commitments, the Letter of Credit Commitment of any Issuing Bank, and the Letter of Credit Sublimit, shall be in an amount agreed solely with the applicable Issuing Bank; <u>provided</u> that, at the request of the Parent Guarantor, the Letter of Credit Sublimit immediately following such Maturity Date shall be no less than the Letter of Credit Sublimit immediately prior to such Maturity Date multiplied by a fraction, the numerator of which is the aggregate amount of the Revolving Credit Commitments immediately following such Maturity Date and the denominator of which is the aggregate amount of the Revolving Credit Commitments immediately prior to such Maturity Date.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrowers to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Class and Type thereof and the Interest Period (if any) applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrowers to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders or the Issuing Banks and each Lender's or the Issuing Bank's share thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The entries made in the accounts maintained pursuant to <u>paragraph (d)</u> or (<u>e)</u> of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein (absent manifest error); <u>provided</u> that the failure of any Lender or the Administrative Agent to maintain such accounts or any manifest error therein shall not in any manner affect the obligation of the Borrowers to repay the Loans in accordance with the terms of this Agreement; <u>provided</u>, <u>further</u>, that in the event of any inconsistency between the accounts maintained by the Administrative Agent pursuant to <u>paragraph (e)</u> of this Section and any Lender's records, the accounts of the Administrative Agent shall govern.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Any Lender may request that Loans made by it be evidenced by a Promissory Note. In such event, the applicable Borrowers shall prepare, execute and deliver to such Lender a Promissory Note payable to such Lender and its registered permitted assigns; it being understood and agreed that such Lender (and/or its applicable permitted assign) shall be required to return such Promissory Note to the applicable Borrowers in accordance with <u>Section 9.05(b)(iii)</u> and upon the occurrence of the Termination Date (or as promptly thereafter as practicable). If any Lender loses the original copy of its Promissory Note, it shall execute an affidavit of loss containing a customary indemnification provision that is reasonably satisfactory to the applicable Borrowers. The obligation of each Lender to execute an affidavit of loss containing a customary indemnification provision that is reasonably satisfactory to the applicable Borrowers shall survive the Termination Date.

SECTION 2.11. <u>Prepayment of Loans</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Optional Prepayments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Upon prior notice in accordance with <u>paragraph (a)(iii)</u> of this Section, the applicable Borrower shall have the right at any time and from time to time to prepay any Borrowing of Term Loans of one or more Classes (such Class or Classes to be selected by a Borrower (or the Parent Guarantor) in its sole discretion) in whole or in part without premium or penalty (but subject to <u>Section 2.16</u>). Each such prepayment shall be paid to the Lenders in accordance with their respective Applicable Percentages of the relevant Class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Upon prior notice in accordance with <u>paragraph (a)(iii)</u> of this Section, the applicable Borrower shall have the right at any time and from time to time to prepay any Borrowing of Revolving Loans of one or more Classes (such Class or Classes to be selected by a Borrower (or the Parent Guarantor) in its sole discretion) in whole or in part without premium or penalty (but subject to <u>Section 2.16</u>); <u>provided</u> that, after the establishment of any Additional Revolving Credit Commitment, any such prepayment of Revolving Loans of any Class shall be subject to the provisions set forth in <u>Section 2.22</u>, <u>2.23</u> and/or <u>9.02</u>, as applicable. Each such prepayment shall be paid to the Lenders in accordance with their respective Applicable Percentages of the relevant Class.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The applicable Borrower shall notify the Administrative Agent of any prepayment under this <u>Section 2.11(a)</u> by delivery to the Administrative Agent of a written notice to that effect, signed by a Responsible Officer of such Borrower (<u>provided</u> that if such notice is delivered through an Approved Borrower Portal, then the foregoing signature requirement may be waived by the Administrative Agent in its sole discretion), (A) in the case of a prepayment of a Term Benchmark Borrowing denominated in (x) U.S. Dollars, not later than 11:00 a.m., New York City time, three U.S. Government Securities Business Days before the date of prepayment, (y) Canadian Dollars or Euros, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment or (z) Mexican Pesos, not later than 11:00 a.m., New York City time, four Business Days before the date of prepayment, (B) in the case of a prepayment of an RFR Borrowing, not later than 1:00 p.m., New York City time, five RFR Business Days before the date of prepayment, (C) in the case of a prepayment of an ABR Borrowing, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable (except as set forth in the proviso to this sentence) and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; <u>provided</u> that a notice of prepayment delivered by a Borrower may state that such notice is conditioned upon the effectiveness of other transactions or other conditional events, in which case such notice may be revoked (or the effective date of such prepayment may be extended) by the applicable Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to any Borrowing, the Administrative Agent shall advise the relevant Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount at least equal to the amount that would be permitted in the case of a Borrowing of the same Type and Class as provided in <u>Section 2.02(c)</u>. Each prepayment of Term Loans shall be applied to the Class or Classes of Term Loans specified by a Borrower (or the Parent Guarantor) in the applicable prepayment notice, and each prepayment of Term Loans of such Class or Classes made pursuant to this <u>Section 2.11(a)</u> shall be applied against the remaining scheduled installments of principal due in respect of the Term Loans of such Class or Classes in the manner specified by such Borrower (or the Parent Guarantor) or, if not so specified on or prior to the date of such optional prepayment, in direct order of maturity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Mandatory Prepayments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) No later than the fifth Business Day after the date on which the financial statements with respect to any Fiscal Year of the Parent Guarantor are delivered pursuant to <u>Section 5.01(a)</u>, commencing with the first full Fiscal Year ending after the Availability Date, the applicable Borrowers shall prepay Subject Loans in accordance with <u>clause (vi)</u> below in an aggregate principal amount (the "**ECF Prepayment Amount**") equal to (A) the Required Excess Cash Flow Percentage of Excess Cash Flow for such Fiscal Year <u>minus</u> (B) at the option of the Parent Guarantor, to the extent occurring during such Fiscal Year (or occurring after such Fiscal Year and prior to the date of the applicable Excess Cash Flow payment), and without duplication (including duplication of any amounts deducted in any prior Fiscal Year), the following (collectively, the "**ECF Deductions**"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the aggregate principal amount of any Term Loans and Revolving Loans prepaid pursuant to <u>Section 2.11(a)</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the aggregate principal amount of any Other First Lien Indebtedness voluntarily prepaid, repurchased, redeemed or otherwise retired; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the amount of any reduction in the outstanding principal amount of any Term Loans or Other First Lien Indebtedness resulting from any purchase or assignment made in accordance with <u>Section 9.05(g)</u> of this Agreement (including in connection with any Auction) (with respect to Term Loans) and any equivalent provisions with respect to such Other First Lien Indebtedness;

in the case of each of <u>clauses (1)</u> through <u>(3)</u>, (I) excluding any such ECF Deductions made during such Fiscal Year that reduced the amount required to be prepaid pursuant to this <u>Section 2.11(b)(i)</u> in the prior Fiscal Year, (II) in the case of any prepayment of revolving Indebtedness, only to the extent accompanied by a permanent reduction in the relevant commitment, (III) only to the extent that such ECF Deductions were not financed with the proceeds of other long-term funded Indebtedness (other than revolving Indebtedness) of the Parent Guarantor or its Restricted Subsidiaries and (IV) in each case under <u>clause (3)</u> above, based upon the actual amount of cash paid in connection with any relevant purchase or assignment; <u>provided</u> that no prepayment under this <u>Section 2.11(b)(i)</u> shall be required unless the aggregate principal amount of Subject Loans required to be prepaid exceeds US$50,000,000 (and, in such case, only such amount in excess of US$50,000,000 shall be required to be prepaid); <u>provided</u>, <u>further</u>, that if at the time that any such prepayment would be required, the Parent Guarantor (or any Restricted Subsidiary) is also required to prepay, repurchase or redeem (or offer to prepay, repurchase or redeem) any Other First Lien Indebtedness pursuant to the terms of the documentation governing such Indebtedness with any portion of the ECF Prepayment Amount, then the Borrowers may apply such portion of the ECF Prepayment Amount on a pro rata basis (determined on the basis of the aggregate outstanding principal amount of the Subject Loans and the relevant Other First Lien Indebtedness (or accreted amount if such Other First Lien Indebtedness is issued with original issue discount) at such time) to the prepayment of the Subject Loans and to the prepayment, repurchase or redemption of the relevant Other First Lien Indebtedness, and the amount of prepayment of the Subject Loans that would have otherwise been required pursuant to this <u>Section 2.11(b)(i)</u> shall be reduced accordingly; it being understood that (1) the portion of such ECF Prepayment Amount allocated to the Other First Lien Indebtedness shall not exceed the portion of such ECF Prepayment Amount required to be allocated to the Other First Lien Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such ECF Prepayment Amount shall be allocated to the Subject Loans in accordance with the terms hereof and (2) to the extent the holders of the Other First Lien Indebtedness decline to have such Indebtedness prepaid, repurchased, or redeemed the declined amount shall promptly (and in any event within ten Business Days after the date of such rejection) be applied to prepay the Subject Loans in accordance with the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) No later than the fifth Business Day following the receipt by the Parent Guarantor or any Restricted Subsidiary of Net Proceeds in respect of any Prepayment Asset Sale or Net Insurance/Condemnation Proceeds in respect of any Casualty/Condemnation Event, in each case, (i) with respect to any single Prepayment Asset Sale or Casualty/Condemnation Event (or series of related Prepayment Asset Sales or Casualty/Condemnation Events) in excess of US$50,000,000 and (ii) with respect to all Prepayment Asset Sales and Casualty/Condemnation Events satisfying the requirements of <u>clause (A)</u> above, in excess of US$100,000,000 for all such transactions on an aggregate basis in any Fiscal Year, the applicable Borrowers shall apply an

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amount equal to 100% of such Net Proceeds or Net Insurance/Condemnation Proceeds received with respect thereto in excess of such thresholds (collectively, the "**Subject Proceeds**") to prepay the outstanding principal amount of Subject Loans in accordance with <u>clause (vi)</u> below; <u>provided</u> that application of such thresholds shall be at the option of the Parent Guarantor; <u>provided further</u> that (A) if the Parent Guarantor and/or the Restricted Subsidiaries intend to reinvest any Subject Proceeds in assets useful in the business of the Parent Guarantor or any of its Restricted Subsidiaries (excluding inventory and other current assets, but including reinvestment in the form of any Permitted Acquisition, Capital Expenditures, capitalized software expenditures, acquisition of IP Rights and/or any other Investments permitted under <u>Section 6.05</u> (excluding Investments in Cash and Cash Equivalents and Investments in the Parent Guarantor or any of its Subsidiaries)), the Borrowers shall not be required to make a mandatory prepayment under this <u>clause (ii)</u> in respect of such Subject Proceeds to the extent that (x) such Subject Proceeds are so reinvested within 15 months following receipt thereof (the "**Reinvestment Period**") or (y) the Parent Guarantor or any of its Restricted Subsidiaries has contractually committed to so reinvest such Subject Proceeds during the applicable Reinvestment Period and such Subject Proceeds are so reinvested within six months after the expiration of such Reinvestment Period; <u>provided</u>, <u>however</u>, that if any Subject Proceeds have not been so reinvested prior to the expiration of the applicable period, the applicable Borrowers shall promptly prepay the outstanding principal amount of Subject Loans in an amount equal to the Subject Proceeds not so reinvested as set forth above (without regard to the immediately preceding proviso) (<u>provided</u> that the Parent Guarantor may elect to deem expenditures (including Investments) that would otherwise be permissible reinvestments of the applicable Subject Proceeds but that occurred prior to the receipt of the applicable Net Proceeds or Net Insurance/Condemnation Proceeds (as applicable) as having been reinvested in accordance with the provisions of this <u>Section 2.11(b)(ii)</u>, but only to the extent such deemed expenditure (or Investment) shall have been made no earlier than (x) in the case of Net Proceeds, the earlier of (i) 90 days prior to the execution of a definitive agreement with a third party with respect to the applicable Prepayment Asset Sale and (ii) the consummation of such Prepayment Asset Sale and (y) in the case of Net Insurance/Condemnation Proceeds, the occurrence of the applicable Casualty/Condemnation Event) and (B) if, at the time that any such prepayment would be required hereunder, the Parent Guarantor or any of its Restricted Subsidiaries is required to prepay, repurchase or redeem (or offer to prepay, repurchase or redeem) any Other First Lien Indebtedness pursuant to the terms of the documentation governing such Indebtedness with any portion of the applicable Subject Proceeds, then the Borrowers may apply such portion of the applicable Subject Proceeds on a pro rata basis (determined on the basis of the aggregate outstanding principal amount of the Subject Loans and the relevant Other First Lien Indebtedness (or accreted amount if such Other First Lien Indebtedness is issued with original issue discount) at such time) to the prepayment of the Subject Loans and to the prepayment, repurchase or redemption of the relevant Other First Lien Indebtedness, and the amount of the prepayment of the Subject Loans that would have otherwise been required pursuant to this <u>Section 2.11(b)(ii)</u> shall be reduced accordingly; it being understood that (1) the portion of the Subject Proceeds allocated to any Other First Lien Indebtedness shall not exceed the amount of the Subject Proceeds required to be allocated to such Other First Lien Indebtedness pursuant to the terms thereof (and the remaining amount, if any, of the Subject Proceeds shall be allocated to the Subject Loans in accordance with the terms hereof), and (2) to the extent the holders of the Other First Lien Indebtedness decline to have such Indebtedness prepaid, repurchased or redeemed, the declined amount shall promptly (and in any event within ten Business Days after the date of such rejection) be applied to prepay the Subject Loans in accordance with the terms hereof.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In the event that the Parent Guarantor or any of its Restricted Subsidiaries receives Net Proceeds from the issuance or incurrence of Indebtedness by the Parent Guarantor or any of its Restricted Subsidiaries (other than with respect to Indebtedness permitted under <u>Section 6.01</u>, except to the extent the relevant Indebtedness constitutes Refinancing Indebtedness incurred to refinance all or a portion of the Initial Term Loans pursuant to <u>Section 6.01(p)</u> or Replacement Term Loans incurred to refinance Initial Term Loans in accordance with the requirements of <u>Section 9.02(c)</u>), the applicable Borrowers shall, substantially simultaneously with (and in any event not later than two Business Days thereafter) the receipt of such Net Proceeds by the Parent Guarantor or its applicable Restricted Subsidiary, apply an amount equal to 100% of such Net Proceeds to prepay the outstanding principal amount of the relevant Initial Term Loans in accordance with <u>clause (vi)</u> below;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Notwithstanding anything in this <u>Section 2.11(b)</u> to the contrary, (A) the Borrowers shall not be required to prepay any amount that would otherwise be required to be paid pursuant to <u>Section 2.11(b)(i)</u> or <u>2.11(b)(ii)</u> above to the extent that the relevant Excess Cash Flow is generated by any Foreign Subsidiary, the relevant Prepayment Asset Sale is consummated by any Foreign Subsidiary or the relevant Net Insurance/Condemnation Proceeds are received by any Foreign Subsidiary, as the case may be, for so long as the Parent Guarantor determines in good faith that the repatriation to the Borrowers of any such amount would be prohibited or delayed (beyond the time period during which such prepayment is otherwise required to be made pursuant to <u>Section 2.11(b)(i)</u> or <u>2.11(b)(ii)</u> above) under any applicable law or conflict with the fiduciary duties of such Foreign Subsidiary's directors, or result in, or could reasonably be expected to result in, a material risk of personal or criminal liability for any officer, director, employee, manager, member of management or consultant of such Foreign Subsidiary (including on account of financial assistance, corporate benefit, thin capitalization, capital maintenance or similar considerations); it being understood and agreed that (i) solely within 365 days following the end of the applicable Fiscal Year or the event giving rise to the relevant Subject Proceeds, the Parent Guarantor and its Restricted Subsidiaries shall take all commercially reasonable actions required by applicable law to permit such repatriation and (ii) if the repatriation of the relevant affected Excess Cash Flow or Subject Proceeds, as the case may be, is permitted under the applicable law and, to the extent applicable, would no longer conflict with the fiduciary duties of such director, or result in, or be reasonably expected to result in, a material risk of personal or criminal liability for the Persons described above, in either case, within 365 days following the end of the applicable Fiscal Year or the event giving rise to the relevant Subject Proceeds, the relevant Foreign Subsidiary will promptly repatriate the relevant Excess Cash Flow or Subject Proceeds, as the case may be, and the repatriated Excess Cash Flow or Subject Proceeds, as the case may be, will be promptly (and in any event not later than two Business Days after such repatriation) applied (net of additional Taxes payable or reserved against such Excess Cash Flow or such Subject Proceeds, as a result thereof, in each case, by the Parent Guarantor or any of its Restricted Subsidiaries) to the repayment of Subject Loans pursuant to this <u>Section 2.11(b)</u> to the extent required herein (without regard to this <u>clause (iv)</u>), (B) the Borrowers shall not be required to prepay any amount that would otherwise be required to be paid pursuant to <u>Sections 2.11(b)(i)</u> or <u>(ii)</u> to the extent that the relevant Excess Cash Flow is generated by any Joint Venture (including any Restricted Subsidiary that is not a Wholly-Owned Subsidiary) or the relevant Subject Proceeds are received by any Joint Venture (including any Restricted Subsidiary that is not a Wholly-Owned Subsidiary) for so long as the Parent Guarantor determines in good faith that the distribution to the Borrowers of such Excess Cash Flow or Subject Proceeds would be prohibited under any applicable (I) Organizational Documents (or any relevant shareholders' or similar agreement) governing such Joint Venture, (II) agreement or instrument (including a financing arrangement) entered into by such Joint Venture with a Person other than the Parent Guarantor or a Restricted Subsidiary not prohibited by <u>Section 6.03</u> or (III) judgment, decree, order, statute or governmental rule or regulation; it being understood that if the relevant prohibition ceases to exist within the 365-day period

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following the end of the applicable Fiscal Year or the event giving rise to the relevant Subject Proceeds, the relevant Joint Venture will promptly distribute the relevant Excess Cash Flow or the relevant Subject Proceeds, as the case may be, and the distributed Excess Cash Flow or Subject Proceeds, as the case may be, will be promptly (and in any event not later than ten Business Days after such distribution) applied (net of additional Taxes payable or reserved against as a result thereof in each case by the Parent Guarantor or any of its Restricted Subsidiaries) to the repayment of Subject Loans pursuant to this <u>Section 2.11(b)</u> to the extent required herein (without regard to this <u>clause (iv)</u>) and (C) if the Parent Guarantor determines in good faith that the repatriation (or other intercompany distribution) to the Borrowers of any amounts required to mandatorily prepay the Subject Loans pursuant to <u>Section 2.11(b)(i)</u> or <u>2.11(b)(ii)</u> above would result in material and adverse tax consequences for the Parent Guarantor and its Restricted Subsidiaries, taking into account any foreign tax credit or benefit actually realized in connection with such repatriation (such amount, a "**Restricted Amount**"), as determined by the Parent Guarantor in good faith, the amount the Borrowers shall be required to mandatorily prepay pursuant to <u>Section 2.11(b)(i)</u> or <u>2.11(b)(ii)</u> above, as applicable, shall be reduced by the Restricted Amount; <u>provided</u> that to the extent that the repatriation (or other intercompany distribution) of any Subject Proceeds or Excess Cash Flow from the relevant Foreign Subsidiary would no longer have a material and adverse tax consequence within the 365-day period following the event giving rise to the relevant Subject Proceeds or the end of the applicable Fiscal Year, as the case may be, an amount equal to the Subject Proceeds or Excess Cash Flow, as applicable, not previously applied pursuant to this <u>clause (C)</u>, shall be promptly (and in any event not later than ten Business Days after) applied to the repayment of Subject Loans pursuant to <u>Section 2.11(b)</u> as otherwise required above (without regard to this <u>clause (iv)</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Each Lender may elect, by notice to the Administrative Agent at or prior to the time and in the manner specified by the Administrative Agent prior to any prepayment of Initial Term Loans and Additional Term Loans required to be made by the Borrowers pursuant to this <u>Section 2.11(b)</u>, to decline all (but not a portion) of its Applicable Percentage of such prepayment (such declined amounts, the "**Declined Proceeds**"), which Declined Proceeds may be retained by the Borrowers and used for any legal purpose permitted (or not prohibited) hereunder, including to increase the Available Amount; <u>provided further</u> that, for the avoidance of doubt, no Lender may reject any prepayment made under <u>Section 2.11(b)(iii)</u> to the extent that such prepayment is made with the Net Proceeds of (w) Refinancing Indebtedness (including Replacement Debt) incurred to refinance all or a portion of the Initial Term Loans or Additional Term Loans pursuant to <u>Section 6.01(z)</u>, (x) Incremental Term Loans incurred to refinance all or a portion of the Term Loans pursuant to <u>Section 2.22</u>, (y) Replacement Term Loans incurred to refinance all or a portion of the Term Loans in accordance with the requirements of <u>Section 9.02(c)</u> and/or (z) Incremental Equivalent Debt incurred to refinance all or a portion of the Term Loans in accordance with the requirements of <u>Section 6.01(cc)</u>. If any Lender fails to deliver a notice to the Administrative Agent of its election to decline receipt of its Applicable Percentage of any mandatory prepayment within the time frame specified by the Administrative Agent, such failure will be deemed to constitute an acceptance of such Lender's Applicable Percentage of the total amount of such mandatory prepayment of Initial Term Loans and Additional Term Loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Except as may otherwise be set forth in any amendment to this Agreement in connection with any Additional Term Loan, (A) each prepayment of Initial Term Loans and Additional Term Loans pursuant to this <u>Section 2.11(b)</u> shall be applied ratably to each Class of Term Loans (based upon the then outstanding principal amounts of the respective Classes of Term Loans) (<u>provided</u> that any prepayment constituting (w) Refinancing Indebtedness (including Replacement Debt) incurred to refinance all or a portion of Initial Term Loans or

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Additional Term Loans pursuant to <u>Section 6.01(t)</u>, (x) Incremental Loans incurred to refinance all or a portion of the Term Loans pursuant to <u>Section 2.22</u>, (y) Replacement Term Loans incurred to refinance all or a portion of the Term Loans in accordance with the requirements of <u>Section 9.02(c)</u> and/or (z) Incremental Equivalent Debt incurred to refinance all or a portion of the Term Loans in accordance with the requirements of <u>Section 6.01(cc)</u> shall, in each case be applied solely to each applicable Class of refinanced or replaced Term Loans), (B) with respect to each Class of Initial Term Loans and Additional Term Loans, all accepted prepayments under <u>Section 2.11(b)(i)</u>, <u>(ii)</u> or <u>(iii)</u> shall be applied against the remaining scheduled installments of principal due in respect of the Initial Term Loans and Additional Term Loans as directed by the Parent Guarantor (or, in the absence of direction from the Parent Guarantor, to the remaining scheduled amortization payments in respect of the Initial Term Loans and Additional Term Loans in direct order of maturity) and (C) except as otherwise provided under <u>Section 2.11(b)(v)</u>, each such prepayment shall be paid to the Term Lenders in accordance with their respective Applicable Percentages of the applicable Class. The amount of such mandatory prepayments with respect to Term Loans of any Class shall be applied on a pro rata basis to the then outstanding Term Loans of such Class, irrespective of whether such outstanding Term Loans are ABR Loans, Term Benchmark Loans or Loans of any other Type.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) In the event that on any Revaluation Date (after giving effect to the determination of the Outstanding Amount of each Revolving Loan, Letter of Credit and LC Disbursement) the aggregate Revolving Credit Exposure of any Class exceeds the aggregate amount of the Revolving Credit Commitment of such Class then in effect, the applicable Borrowers shall, within five Business Days of receipt of notice from the Administrative Agent, prepay the Revolving Loans and/or reduce LC Exposure in an aggregate amount sufficient to reduce such Revolving Credit Exposure as of the date of such payment to an amount not to exceed the aggregate amount of the Revolving Credit Commitments of such Class then in effect by taking any of the following actions as it shall determine at its sole discretion: (A) prepaying Revolving Loans or (B) with respect to any excess LC Exposure, depositing Cash in the LC Collateral Account or "backstopping" or replacing the relevant Letters of Credit, in each case, in an amount equal to 103% of such excess LC Exposure (minus any amount then on deposit in the LC Collateral Account). Each prepayment of any Revolving Loans of any Class under this <u>Section 2.10(b)(vii)</u> shall be paid to the Revolving Lenders of such Class in accordance with their respective Applicable Percentages of such Class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) At the time of each prepayment required under <u>Section 2.11(b)(i)</u>, <u>2.11(b)(ii)</u> or <u>2.11(b)(iii)</u>, the Parent Guarantor shall deliver to the Administrative Agent a certificate signed by a Responsible Officer of the Parent Guarantor (<u>provided</u> that if such certificate is delivered through an Approved Borrower Portal, then the foregoing signature requirement may be waived by the Administrative Agent in its sole discretion), which shall set forth in reasonable detail the calculation of the amount of such prepayment and specify the prepayment date, the Borrowings being prepaid and the principal amount of each Borrowing (or portion thereof) to be prepaid. Prepayments shall be accompanied by accrued interest as required by <u>Section 2.13</u>. All prepayments of Borrowings under this <u>Section 2.11(b)</u> shall be subject to <u>Section 2.16</u> and shall otherwise be without premium or penalty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) If the Availability Date precedes the Spin-Off Effective Date, then, in the event that (x) the Spin-Off has not been consummated (in accordance with the requirements set forth in <u>Sections 4.02(a)</u> and <u>4.02(b)</u>) on or prior to the fifth Business Day immediately following the Availability Date or (y) Aptiv or the Parent Guarantor shall have publicly announced the termination or abandonment of the Spin-Off, the Borrowers shall prepay in full the aggregate principal amount of the Initial Term Loans and Initial Revolving Loans outstanding, and any

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other amounts outstanding pursuant to this Agreement or any other Loan Document, <u>(and reduce the LC Exposure to zero),</u> on the sixth Business Day immediately following the Availability Date (in the case of <u>clause (x)</u> above) or within one (1) Business Day after such public announcement (in the case of <u>clause (y)</u> above), as applicable, in each case, without premium or penalty, together with accrued but unpaid interest to, but not including, the date of such prepayment.

SECTION 2.12. <u>Fees</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Revolving Credit Borrowers agree to pay to the Administrative Agent, for the account of each Revolving Lender of any Class (other than any Defaulting Lender), a fee (the "**Commitment Fee**"), which shall accrue at a rate per annum equal to the applicable Commitment Fee Rate on the daily amount of the unused amount of Revolving Credit Commitment of such Class of such Lender at all times during the period from and including the Availability Date to but excluding the date on which such Revolving Credit Commitment terminates. Commitment Fees accrued through the last day of each March, June, September and December shall be payable on the date that is 15 days after each such date (commencing with June 30, 2026) and all accrued Commitment Fees to the date of termination shall be payable on the date of termination in full of the Revolving Credit Commitments of the applicable Class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Revolving Credit Borrowers agree to pay (i) to the Administrative Agent, for the account of each Revolving Lender of any Class (other than any Defaulting Lender), a participation fee with respect to its participation in each Letter of Credit, which shall accrue at the Applicable Rate used to determine the interest rate applicable to Revolving Loans of such Class that are Term Benchmark Rate Loans on the daily amount of such Lender's LC Exposure attributable to its Revolving Credit Commitment of such Class in respect of such Letter of Credit (excluding any portion thereof attributable to unreimbursed LC Disbursements), during the period from and including the Availability Date to the later of the date on which such Revolving Lender's Revolving Credit Commitment of such Class terminates and the date on which such Revolving Lender ceases to have any LC Exposure related to its Revolving Credit Commitment of such Class in respect of such Letter of Credit (including any such LC Exposure that may exist following the termination of such Revolving Credit Commitments) and (ii) to each Issuing Bank, for its own account, a fronting fee, in respect of each Letter of Credit issued by such Issuing Bank for the period from the date of issuance of such Letter of Credit to the expiration date of such Letter of Credit (or if terminated on an earlier date, to the termination date of such Letter of Credit), at a rate equal to 0.125% per annum of the daily amount of LC Exposure attributable to such Letter of Credit, as well as such Issuing Bank's reasonable and customary fees with respect to the issuance, amendment or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued through the last day of each March, June, September and December shall be payable on the date that is 15 days after each such date (commencing with June 30, 2026<u>)</u>; <u>provided</u> that all such fees shall be payable on the date on which the Revolving Credit Commitments of the applicable Class terminate, and any such fees accruing after the date on which the Revolving Credit Commitments of the applicable Class terminate shall be payable on demand. Any other fees payable to any Issuing Bank pursuant to this paragraph shall be payable within 30 days after demand (accompanied by reasonable back-up documentation) therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Borrowers agree to pay to (i) the Administrative Agent, for its own account, the fees in the amounts and at the times set forth in the Fee Letter and (ii) the Foreign Collateral Agent, for its own account, the fees and expenses (including attorney's fees) in the amounts and at the times set forth in the Foreign Collateral Agent Fee Letter.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All fees payable hereunder shall be paid on the dates due, in U.S. Dollars and in immediately available funds, to the Administrative Agent (or to the applicable Issuing Bank or the applicable Collateral Agent, in the case of fees payable to it) for distribution, in the case of Commitment Fees and participation fees, to the Revolving Lenders. Fees paid shall not be refundable under any circumstances except as otherwise provided in the Fee Letter or the Foreign Collateral Agent Fee Letter, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Unless otherwise indicated herein, all computations of fees shall be made on the basis of a 360-day year and shall be payable for the actual days elapsed (including the first day but excluding the last day). Each determination by the Administrative Agent of the amount of any fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

SECTION 2.13. <u>Interest</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Loans comprising each Term Benchmark Borrowing shall bear interest at the Term SOFR, the Adjusted Term CORRA, the Adjusted EURIBOR or the Adjusted TIIE Rate, as applicable, for the Interest Period in effect for such Borrowing plus the Applicable Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Loans comprising each RFR Borrowing shall bear interest at the applicable Daily Simple RFR plus the Applicable Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding the foregoing, during the existence and continuance of any Event of Default under <u>Section 7.01(a)</u> or <u>7.01(b)</u>, if any principal of or interest on any Loan or any LC Disbursement or any fee payable by a Borrower hereunder is not, in each case, paid or reimbursed when due, whether at stated maturity, upon acceleration or otherwise, the relevant overdue amount shall bear interest, to the fullest extent permitted by applicable law, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal or interest of any Loan or unreimbursed LC Disbursement, 2.00% plus the rate otherwise applicable to such Loan or LC Disbursement as provided in the preceding paragraphs of this Section or in <u>Section 2.05(h)</u> or (ii) in the case of any other amount, 2.00% plus the rate applicable to Revolving Loans that are ABR Loans as provided in <u>paragraph (a)</u> of this Section; <u>provided</u> that no amount shall be payable pursuant to this <u>Section 2.13(d)</u> to any Defaulting Lender so long as such Lender is a Defaulting Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and on the Maturity Date applicable to such Loan or, in the case of any Revolving Loan of any Class, upon the termination of the Revolving Credit Commitments of the applicable Class, as applicable; <u>provided</u> that (i) interest accrued pursuant to <u>paragraph (d)</u> of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving Loan of any Class prior to the termination of the Revolving Credit Commitments of such Class), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Term Benchmark Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. All interest shall be payable in the currency in which the applicable Loan is denominated.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) All interest hereunder shall be computed on the basis of a year of 360 days, except that interest (i) computed for ABR Loans based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and (ii) in the case of interest in respect of Loans denominated in Alternative Currencies as to which market practice differs from the foregoing, shall be computed in accordance with such market practice. The applicable Alternate Base Rate, Term SOFR, Adjusted EURIBOR, Adjusted Term CORRA, Adjusted TIIE Rate, Daily Simple SONIA, Daily Simple SOFR and Adjusted Daily Simple CORRA shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. Interest shall accrue on each Loan from the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; <u>provided</u> that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Swiss Withholding Tax</u>. The rates of interest provided for in this Agreement are minimum interest rates. When entering into this Agreement, the parties hereto have assumed in good faith that the interest payable at the rates set out in this <u>Section 2.13</u> or in other Sections of this Agreement is not and will not become subject to Swiss Withholding Tax. If, however, a deduction is required by applicable law in respect of any interest payable by any Swiss Guarantor under a Loan Document and should it be unlawful for any Swiss Guarantor to comply with <u>Section 2.17(a)</u> for any reason, then (i) the applicable interest rate in relation to that interest payment shall be the interest rate which would have applied to that interest payment as provided for by this <u>Section 2.13</u> (as numerator) divided by one minus the rate at which the relevant Tax deduction is required to be made under Swiss domestic tax law and/or applicable double taxation treaties (where the rate at which the relevant Tax deduction is required to be made is for this purpose expressed as a fraction of one) (as denominator) and (ii) such Swiss Guarantor shall (x) pay the relevant interest at the adjusted rate in accordance with <u>clause (i)</u> above and (y) make the deduction on the interest so recalculated, and all references to a rate of interest under the Loan Documents shall be construed accordingly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Polish Withholding Tax</u>. If a deduction in respect of Polish Withholding Tax is required by applicable law on any interest payable by any Polish Guarantor under a Loan Document and it would be unlawful for such Polish Guarantor to comply with <u>Section 2.17(a)</u> for any reason, then (i) the applicable interest rate shall be the rate provided for in this Agreement divided by one minus the applicable Polish Withholding Tax rate (expressed as a fraction of one), and (ii) such Polish Guarantor shall (x) pay interest at the adjusted rate and (y) make the required Tax deduction from such payment.

SECTION 2.14. <u>Alternate Rate of Interest</u>. (a) Subject to <u>Section 2.14(b)</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if the Administrative Agent determines (which determination shall be conclusive absent manifest error) (A) prior to the commencement of any Interest Period for a Term Benchmark Borrowing, that adequate and reasonable means do not exist for ascertaining the Term SOFR, the Adjusted EURIBOR, the Adjusted Term CORRA or the Adjusted TIIE Rate, as applicable, for such Interest Period (including because the Relevant Screen Rate is not available or published on a current basis) or (B) at any time, that adequate and reasonable means do not exist for ascertaining the applicable Daily Simple RFR for the applicable Agreed Currency; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if the Administrative Agent is advised by the Required Lenders (or, in the case of an Alternative Currency, Required Revolving Lenders) that (A) prior to the commencement of any Interest Period for a Term Benchmark Borrowing, the Relevant Rate for the applicable Agreed Currency and such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for the applicable Agreed Currency and such Interest Period or (B) at any time, the applicable Daily Simple RFR for the applicable Agreed Currency will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in the applicable RFR Borrowing;

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then the Administrative Agent shall give notice (which may be by telephone) thereof to the Administrative Borrower and the Lenders as promptly as practicable thereafter and, until (x) the Administrative Agent notifies the Administrative Borrower and the Lenders that the circumstances giving rise to such notice no longer exist with respect to the relevant Benchmark and (y) the applicable Borrower delivers a new Interest Election Request in accordance with <u>Section 2.08</u> or a new Borrowing Request in accordance with <u>Section 2.03</u>, (A) in the case of Loans denominated in U.S. Dollars, any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Term Benchmark Borrowing for such Interest Period and any Borrowing Request that requests a Term Benchmark Borrowing for such Interest Period shall instead be deemed to be an Interest Election Request or a Borrowing Request, as applicable, for (x) an RFR Borrowing denominated in U.S. Dollars so long as the Daily Simple SOFR is not also the subject of <u>Section 2.14(a)(i)</u> or <u>2.14(a)(ii)</u> above or (y) an ABR Borrowing if the Daily Simple SOFR is also the subject of <u>Section 2.14(a)(i)</u> or <u>2.14(a)(ii)</u> above and (B) in the case of Loans denominated in any Alternative Currency, any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Term Benchmark Borrowing for such Interest Period and any Borrowing Request that requests a Term Benchmark Borrowing for such Interest Period or an RFR Borrowing, in each case, for the relevant Benchmark, shall be ineffective; <u>provided</u> that if the circumstances giving rise to such notice affect only one Type of Borrowings, then all other Types of Borrowings shall be permitted. Furthermore, if any Term Benchmark Loan or RFR Loan in any Agreed Currency is outstanding on the date of the Administrative Borrower's receipt of the notice from the Administrative Agent referred to in this <u>Section 2.14(a)</u> with respect to the Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until (x) the Administrative Agent notifies the Administrative Borrower and the Lenders that the circumstances giving rise to such notice no longer exist with respect to the relevant Benchmark and (y) the applicable Borrower delivers a new Interest Election Request in accordance with <u>Section 2.08</u> or a new Borrowing Request in accordance with <u>Section 2.03</u>, (A) in the case of Loans denominated in U.S. Dollars, (1) any Term Benchmark Loan shall, on the last day of the Interest Period applicable to such Loan, convert to, and shall constitute, (x) an RFR Loan denominated in U.S. Dollars so long as the Daily Simple SOFR is not also the subject of <u>Section 2.14(a)(i)</u> or <u>2.14(a)(ii)</u> above or (y) an ABR Loan if the Daily Simple SOFR is also the subject of <u>Section 2.14(a)(i)</u> or <u>2.14(a)(ii)</u> above, on such day, and (2) any RFR Loan shall on and from such day convert to, and shall constitute, an ABR Loan and (B) in the case of Loans denominated in any Alternative Currency, (1) any Term Benchmark Loan shall, on the last day of the Interest Period applicable to such Loan, convert to, and shall constitute, a CBR Loan that bears interest at the Central Bank Rate for the applicable Alternative Currency (or, in the case of a Loan denominated in Canadian Dollars, at the Canadian Prime Rate) plus the CBR Spread; <u>provided</u> that, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate for the applicable Alternative Currency (or, in the case of Loans denominated in Canadian Dollars, the Canadian Prime Rate) cannot be determined, any outstanding affected Term Benchmark Loans denominated in any Alternative Currency shall, at the Administrative Borrower's election prior to such day, either (A) be prepaid in full by the applicable Borrower on such day or (B) solely for the purpose of calculating the interest rate applicable to such Term Benchmark Loan, be deemed to be a Term Benchmark Loan of the applicable Class denominated in U.S. Dollars (in a principal amount that is equal to the U.S. Dollar Equivalent of the aggregate principal amount of such Term Benchmark Loan denominated in such Alternative Currency) and shall accrue interest at the same interest rate as would be applicable to Term Benchmark Loans of such Class denominated in U.S. Dollars at such time (assuming successive Interest Periods of one month) and (2) any RFR Loan shall bear interest at the Central Bank Rate for the applicable Agreed Currency plus the CBR Spread; <u>provided</u> that if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate for the applicable Agreed Currency cannot be determined, any outstanding affected RFR Loans denominated in such Agreed Currency shall, at the Administrative Borrower's election prior to such day, either (A) be prepaid in full by the applicable Borrower on such day or (B) solely for the purpose of calculating the interest rate applicable to such RFR Loan, be deemed

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to be an ABR Loan of the applicable Class (in a principal amount that is equal to the U.S. Dollar Equivalent of the principal amount of such RFR Loan) and shall accrue interest at the same interest rate as would be applicable to ABR Loans of the applicable Class at such time. Interest on any CBR Loan shall be payable, and principal of any CBR Loan shall be payable or prepayable, in each case, as would be applicable to the Loan that was converted into such CBR Loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i) Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with <u>clause (1)</u> of the definition of "Benchmark Replacement" with respect to U.S. Dollars or Canadian Dollars for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark (including any related adjustments) for all purposes hereunder and under any other Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with <u>clause (2)</u> of the definition of "Benchmark Replacement" with respect to any Agreed Currency for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark (including any related adjustments) for all purposes hereunder and under any other Loan Document in respect of any Benchmark setting at or after 5:00 p.m., New York City time, on the fifth Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders (or, in the case of an Alternative Currency, the Required Revolving Lenders).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Notwithstanding anything to the contrary herein or in any other Loan Document, the Administrative Agent will have the right, in consultation with the Administrative Borrower, to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. Notwithstanding anything to the contrary herein or in any other Loan Document and subject to the proviso below in this paragraph, with respect to a Loan denominated in Canadian Dollars, if a Term CORRA Reelection Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder or under any other Loan Document in respect of such Benchmark setting and subsequent Benchmark settings, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document; <u>provided</u> that the foregoing shall not be effective unless the Administrative Agent has delivered to the Lenders and the Administrative Borrower a Term CORRA Notice. For the avoidance of doubt, the Administrative Agent shall not be required to deliver a Term CORRA Notice after the occurrence of a Term CORRA Reelection Event and may do so in its sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Administrative Agent will promptly notify the Administrative Borrower and the Lenders of (A) any occurrence of a Benchmark Transition Event, (B) the implementation of any Benchmark Replacement, (C) the effectiveness of any Benchmark Replacement Conforming Changes, (D) the removal or reinstatement of any tenor of a Benchmark pursuant to <u>Section 2.14(b)(iv)</u> below and (E) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this <u>Section</u>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>2.14</u>, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their reasonable discretion in consultation with the Borrower Agent and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this <u>Section 2.14</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (A) if the then-current Benchmark is a term rate (including Term SOFR, EURIBOR, Term CORRA and TIIE Rate) and either (1) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (2) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of "Interest Period" for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (B) if a tenor that was removed pursuant to <u>clause (A)</u> above either (1) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (2) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify the definition of "Interest Period" for all Benchmark settings at or after such time to reinstate such previously removed tenor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Upon the Administrative Borrower's receipt of notice of the commencement of a Benchmark Unavailability Period with respect to the applicable Benchmark, any applicable Borrower may revoke any request for a borrowing of, conversion to or continuation of Term Benchmark Loans or RFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, (x) such Borrower will be deemed to have converted any request for a Term Benchmark Borrowing denominated in U.S. Dollars into a request for a borrowing of or conversion to (A) an RFR Borrowing denominated in U.S. Dollars so long as the Daily Simple SOFR is not the subject of a Benchmark Transition Event or (B) an ABR Borrowing if the Daily Simple SOFR is the subject of a Benchmark Transition Event and (y) any request for a borrowing of, conversion to or continuation of any Term Benchmark Borrowing or RFR Borrowing denominated in an Alternative Currency shall be ineffective. Furthermore, if any Term Benchmark Loan or RFR Loan denominated in any Agreed Currency is outstanding on the date of the Administrative Borrower's receipt of notice of the commencement of a Benchmark Unavailability Period with respect to the Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until such time as a Benchmark Replacement for such Agreed Currency is implemented pursuant to this <u>Section 2.14(b)</u>, (A) in the case of Loans denominated in U.S. Dollars, (1) any Term Benchmark Loan shall, on the last day of the Interest Period applicable to such Loan, convert to, and shall constitute, (x) an RFR Loan denominated in U.S. Dollars so long as the Daily Simple SOFR is not the subject of a Benchmark Transition Event or (y) an ABR Loan if the Daily Simple SOFR is the subject of a Benchmark Transition Event, on such day and (2) any RFR Loan shall on and from such day convert to, and shall constitute, an ABR Loan and (B) in the case of Loans denominated in any Alternative Currency, (1) any Term Benchmark Loan shall, on the last day of the Interest Period applicable to such Loan, convert to, and shall constitute, a CBR Loan that bears interest at the Central Bank Rate for the applicable Alternative Currency (or, in the case of a Loan denominated in Canadian Dollars, at the Canadian Prime Rate) plus the CBR Spread; <u>provided</u> that if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate

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for the applicable Alternative Currency (or, in the case of Loans denominated in Canadian Dollars, the Canadian Prime Rate) cannot be determined, any outstanding affected Term Benchmark Loan denominated in any Alternative Currency shall, at the Administrative Borrower's election prior to such day, either (A) be prepaid in full by the applicable Borrower on such day or (B) solely for the purpose of calculating the interest rate applicable to such Term Benchmark Loan, be deemed to be a Term Benchmark Loan of the applicable Class denominated in U.S. Dollars (in a principal amount that is equal to the U.S. Dollar Equivalent of the aggregate principal amount of such Term Benchmark Loan denominated in such Alternative Currency) and shall accrue interest at the same interest rate as would be applicable to Term Benchmark Loans of the applicable Class denominated in U.S. Dollars at such time (assuming successive Interest Periods of one month) and (2) any RFR Loan shall bear interest at the Central Bank Rate for the applicable Alternative Currency plus the CBR Spread; <u>provided</u> that if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate for the applicable Alternative Currency cannot be determined, any outstanding affected RFR Loan denominated in such Alternative Currency shall, at the Administrative Borrower's election prior to such day, either (A) be prepaid in full by the applicable Borrower on such day or (B) solely for the purpose of calculating the interest rate applicable to such RFR Loan, be deemed to be an ABR Loan of the applicable Class (in a principal amount that is equal to the U.S. Dollar Equivalent of the principal amount of such RFR Loan) and shall accrue interest at the same interest rate as would be applicable to ABR Loans of the applicable Class at such time. Interest on any CBR Loan shall be payable, and principal of any CBR Loan shall be payable or prepayable, in each case, as would be applicable to the Loan that was converted into such CBR Loan. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Alternate Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Alternate Base Rate.

SECTION 2.15. <u>Increased Costs</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If any Change in Law:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) imposes, modifies or deems applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted EURIBOR or the Adjusted TIIE Rate) or Issuing Bank;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) subjects any Lender or Issuing Bank or the Administrative Agent to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in <u>clauses (c)</u> through <u>(d)</u> of the definition of Excluded Taxes and (C) Connection Income Taxes) in respect of its loans, letters of credit, commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) imposes on any Lender or Issuing Bank or the applicable offshore interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Loans made by any Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing is to increase the cost to the relevant Lender of making or maintaining, continuing, converting to any Loan (or of maintaining its obligation to make any Loan) or to increase the cost to such Lender or Issuing Bank of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or Issuing Bank hereunder (whether of principal, interest or otherwise) in respect of any Loan or Letter of Credit in an

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amount deemed by such Lender or Issuing Bank to be material, then, within 30 days after the Parent Guarantor's receipt of the certificate contemplated by <u>paragraph (c)</u> of this Section, the applicable Borrowers will pay to such Lender or Issuing Bank, as applicable, such additional amount or amounts as will compensate such Lender or Issuing Bank, as applicable, for such additional costs incurred or reduction suffered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If any Lender or Issuing Bank determines that any Change in Law regarding liquidity or capital requirements has or would have the effect of reducing the rate of return on such Lender's or Issuing Bank's capital or on the capital of such Lender's or Issuing Bank's holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such Lender's or such Issuing Bank's holding company could have achieved but for such Change in Law (taking into consideration such Lender's or Issuing Bank's policies and the policies of such Lender's or such Issuing Bank's holding company with respect to capital adequacy), then, within 30 days of receipt by the Parent Guarantor of the certificate contemplated by <u>paragraph (c)</u> of this Section, the applicable Borrowers will pay to such Lender or such Issuing Bank, as applicable, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such Lender's or such Issuing Bank's holding company for any such reduction suffered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any Lender or Issuing Bank requesting compensation under this <u>Section 2.15</u> shall be required to deliver a certificate to the Parent Guarantor that (i) sets forth the amount or amounts necessary to compensate such Lender or Issuing Bank or its holding company, as applicable, as specified in <u>paragraph (a)</u> or <u>(b)</u> of this Section, (ii) sets forth in reasonable detail the manner in which such amount or amounts were determined and (iii) certifies that such Lender or Issuing Bank is generally charging such amounts to similarly situated borrowers, which certificate shall be conclusive absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Lender's or Issuing Bank's right to demand such compensation; <u>provided</u> that the Borrowers shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or Issuing Bank notifies the Parent Guarantor of the Change in Law giving rise to such increased costs or reductions and of such Lender's or Issuing Bank's intention to claim compensation therefor; <u>provided</u>, <u>further</u>, that if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.

SECTION 2.16. <u>Break Funding Payments</u>. In the event of (a) the conversion or payment of any principal of any Term Benchmark Loan other than on the last day of an Interest Period applicable thereto (whether voluntary, mandatory, automatic, by reason of acceleration or otherwise), (b) the failure to borrow, convert, continue or prepay any Term Benchmark Loan on the date or in the amount specified in any notice delivered pursuant hereto (regardless of whether such notice is revoked or extended in accordance therewith) or (c) the assignment of any Term Benchmark Loan of any Lender other than on the last day of the Interest Period applicable thereto as a result of a request by any Borrower pursuant to <u>Section 2.19</u>, then, in any such event, the Borrowers shall compensate each Lender for the loss, cost and expense incurred by such Lender that is attributable to such event (other than loss of profit). In the case of a Term Benchmark Loan, the loss, cost or expense of any Lender shall be the amount reasonably determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the Relevant Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the

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period that would have been the Interest Period for such Loan) over (ii) the amount of interest which would accrue on such principal amount for such period at the Relevant Rate that would have been applicable to such Loan (and without taking into account the Applicable Rate), for an Interest Period commencing on the date of such event and ending at or as nearly as possible to the last day of the then current Interest Period for such Loan (or, in the case of a failure to borrow, convert or continue, the last day of the period that would have been the Interest Period for such Loan); it being understood that such loss, cost or expense shall in any case exclude any interest rate floor and all administrative, processing or similar fees. Any Lender requesting compensation under this <u>Section 2.16</u> shall be required to deliver a certificate to the Parent Guarantor (i) setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section, the basis therefor and, in reasonable detail, the manner in which such amount or amounts were determined and (ii) certifying that such Lender is generally charging the relevant amounts to similarly situated borrowers, which certificate shall be conclusive absent manifest error. The applicable Borrowers shall pay such Lender the amount shown as due on any such certificate within 30 days after receipt thereof.

SECTION 2.17. <u>Taxes</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any and all payments by or on account of any obligation of any Loan Party hereunder or under any other Loan Document shall be made free and clear of and without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law requires the deduction or withholding of any Tax from any such payment by any applicable withholding agent, then (i) if such Tax is an Indemnified Tax, the amount payable by the applicable Loan Party shall be increased as necessary so that after required deductions or withholdings (including deductions or withholdings applicable to additional sums payable under this <u>Section 2.17</u>) having been made by the applicable withholding agent, each Lender and each Issuing Bank (as applicable) (or, where the Administrative Agent receives a payment for its own account, the Administrative Agent), receives an amount equal to the sum it would have received had no such deductions or withholdings been made, (ii) the applicable withholding agent shall make such deductions or withholdings and (iii) such withholding agent shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Loan Parties shall pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Loan Party shall jointly and severally indemnify the Administrative Agent, each Collateral Agent, each Lender and each Issuing Bank within 30 days after receipt of the certificate described in the succeeding sentence, for the full amount of any Indemnified Taxes payable or paid by the Administrative Agent, such Collateral Agent, such Lender or such Issuing Bank (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section), as applicable, and any reasonable expenses arising therefrom or with respect thereto; whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability prepared in good faith, accompanied by reasonable supporting documentation, shall be conclusive absent manifest error. Notwithstanding anything to the contrary contained in this <u>Section 2.17(c)</u>, no Loan Party shall be required to indemnify the Administrative Agent, any Collateral Agent, any Lender or any Issuing Bank pursuant to this <u>Section 2.17(c)</u> for any incremental interest or penalties resulting from a failure of the Administrative Agent, such Collateral Agent, such Lender or such Issuing Bank, as applicable, to notify the Parent Guarantor of the relevant possible indemnification claim within 180 days after the Administrative Agent, such Collateral Agent, such Lender or such Issuing Bank receives written notice from the applicable Governmental Authority of the specific tax assessment giving rise to such indemnification claim.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Lender and Issuing Bank shall severally indemnify the Administrative Agent and each Collateral Agent, within 30 days after receipt of the certificate described in the succeeding sentence, for (i) any Indemnified Taxes attributable to such Lender or such Issuing Bank (but only to the extent that any Loan Party has not already indemnified the Administrative Agent or such Collateral Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender's failure to comply with the provisions of <u>Section 9.05(c)</u> relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender or such Issuing Bank, in each case, that are payable or paid by the Administrative Agent or such Collateral Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability prepared by the Administrative Agent or a Collateral Agent in good faith, accompanied by reasonable supporting documentation, shall be conclusive absent manifest error. Each Lender and Issuing Bank hereby authorizes the Administrative Agent and each Collateral Agent to setoff and apply any and all amounts at any time owing to such Lender or such Issuing Bank under any Loan Document or otherwise payable by the Administrative Agent or any Collateral Agent to such Lender or such Issuing Bank from any other source against any amount due to the Administrative Agent or such Collateral Agent under this <u>paragraph (d)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment that is reasonably satisfactory to the Administrative Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Status of Lenders and Issuing Banks</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any Lender and any Issuing Bank that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Parent Guarantor and the Administrative Agent, at the time or times reasonably requested by the Parent Guarantor or the Administrative Agent, such properly completed and executed documentation as the Parent Guarantor or the Administrative Agent may reasonably request to permit such payments to be made without withholding or at a reduced rate of withholding (including a tax residency or similar certificate). In addition, any Lender and any Issuing Bank, if reasonably requested by the Parent Guarantor or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Parent Guarantor or the Administrative Agent as will enable the Parent Guarantor or the Administrative Agent to determine whether or not such Lender or Issuing Bank is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in <u>paragraphs (f)(iii)(A)</u>, <u>(iii)(B)</u> and <u>(iii)(D</u>) of this Section) shall not be required if in the Lender's reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. Each Lender and each Issuing Bank hereby authorizes the Administrative Agent to deliver to the Borrowers and to any successor Administrative Agent any documentation provided to the Administrative Agent pursuant to this <u>Section 2.17(f)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Lender and each Issuing Bank agrees that if any documentation it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such documentation or promptly notify the Parent Guarantor and the Administrative Agent in writing of its legal ineligibility to do so.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Without limiting the generality of the foregoing, in the event that any Borrower is a U.S. Borrower, and in respect to any Lender or Issuing Bank extending a Loan or Commitment to a U.S. Borrower:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) any Lender or Issuing Bank that is a U.S. Person (a "**U.S. Lender/Issuing Bank**") shall deliver to the Parent Guarantor and the Administrative Agent on or about the date on which such U.S. Lender/Issuing Bank becomes a Lender or an Issuing Bank under this Agreement (and from time to time thereafter upon the reasonable request of the Parent Guarantor or the Administrative Agent), executed copies of IRS Form W-9 certifying that such U.S. Lender/Issuing Bank is exempt from U.S. federal backup withholding tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) any Lender that is not a U.S. Lender/Issuing Bank (a "**Non-U.S. Lender/Issuing Bank**") shall, to the extent it is legally eligible to do so, deliver to the Parent Guarantor and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or about the date on which such Non-U.S. Lender/Issuing Bank becomes a Lender or an Issuing Bank under this Agreement (and from time to time thereafter upon the reasonable request of the Parent Guarantor or the Administrative Agent), whichever of the following is applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in the case of a Non-U.S. Lender/Issuing Bank claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the "interest" article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the "business profits" or "other income" article of such tax treaty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) executed copies of IRS Form W-8ECI;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) in the case of a Non-U.S. Lender/Issuing Bank claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate, substantially in the form of <u>Exhibit K-1</u> to the effect that such Non-U.S. Lender/Issuing Bank is not a "bank" within the meaning of Section 881(c)(3)(A) of the Code, a "10 percent shareholder" of a U.S. Borrower within the meaning of Section 871(h)(3)(B) of the Code, or a "controlled foreign corporation" related to a U.S. Borrower as described in Section 881(c)(3)(C) of the Code and no payments in connection with the Agreement are effectively connected with such Non-U.S. Lender/Issuing Bank's conduct of a U.S. trade or business (a "**U.S. Tax Compliance Certificate**") and (y) executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) to the extent a Non-U.S. Lender/Issuing Bank is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate, substantially in the form of <u>Exhibit K-2</u> or <u>Exhibit K-3</u>, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; <u>provided</u> that if a Non-U.S. Lender/Issuing Bank is a partnership (and not a participating Lender) and one or more direct or indirect partners of such Non-U.S. Lender/Issuing Bank are claiming the portfolio interest exemption, such Non-U.S. Lender/Issuing Bank may provide a U.S. Tax Compliance Certificate, substantially in the form of <u>Exhibit K-4</u> on behalf of each such direct and indirect partner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) any Lender or Issuing Bank shall, to the extent it is legally eligible to do so, deliver to the Parent Guarantor and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or about the date on which such Lender or Issuing Bank becomes a Lender or an Issuing Bank under this Agreement (and from time to time thereafter upon the reasonable request of the Parent Guarantor or the Administrative Agent), executed copies of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Parent Guarantor or the Administrative Agent to determine the withholding or deduction required to be made; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) if a payment made to any Lender or Issuing Bank under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender or Issuing Bank were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender or Issuing Bank shall deliver to the Parent Guarantor and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Parent Guarantor or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Parent Guarantor or the Administrative Agent as may be necessary for the Borrowers and the Administrative Agent to comply with their obligations under FATCA and to determine whether such Lender or Issuing Bank has complied with such Lender's or Issuing Bank's obligations under FATCA or to determine the amount, if any, to deduct and withhold from such payment. Solely for purposes of this <u>clause (D)</u>, "FATCA" shall include any amendments made to FATCA after the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Notwithstanding anything to the contrary, a Lender or Issuing Bank shall not be required to deliver any documentation under this <u>Section 2.17(f)</u> to the extent it is legally ineligible to deliver such documentation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Indemnified Taxes (whether received in cash or applied by the Governmental Authority granting the refund to offset other Taxes otherwise owed) as to which it has been indemnified pursuant to this <u>Section 2.17</u> (including by the payment of additional amounts pursuant to this <u>Section 2.17</u>), it shall pay the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such indemnifying party under this <u>Section 2.17</u> with respect to the Indemnified Taxes giving rise to such refund), net of all out-of-pocket expenses (including any Taxes imposed with respect to such refund) of such indemnified party, and without interest (other than any

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interest paid by the relevant Governmental Authority with respect to such refund); <u>provided</u> that such indemnifying party, upon the request of the indemnified party, agrees to repay to such indemnified party the amount paid over pursuant to this <u>paragraph (g)</u> (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event the indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this <u>paragraph (g)</u>, in no event will the indemnified party be required to pay any amount to any indemnifying party pursuant to this <u>paragraph (g)</u> to the extent that the payment thereof would place the indemnified party in a less favorable net after-Tax position than the position that the indemnified party would have been in if the Tax subject to indemnification had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts giving rise to such refund had never been paid. This paragraph shall not be construed to require the indemnified party to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the indemnifying party or any other Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Each party's obligations under this <u>Section 2.17</u> shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, any Lender or Issuing Bank, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Loan Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) For purposes of this <u>Section 2.17</u>, the term "applicable law" includes FATCA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>VAT</u>. (i) All amounts set out or expressed in a Loan Document to be payable by any party to a Secured Party which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and accordingly, subject to <u>clause (ii)</u> below, if VAT is or becomes chargeable on any supply made by any Secured Party to any Loan Party under a Loan Document and such Secured Party is required to account to the relevant tax authority for the VAT, such Loan Party shall pay to the Secured Party (in addition to and at the same time as paying any other consideration for such supply) an amount equal to the amount of such VAT (and such Secured Party shall promptly provide an appropriate VAT invoice to such party).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If VAT is or becomes chargeable on any supply made by any Secured Party (the "**Supplier**") to any Secured Party (for purposes of this <u>Section 2.17(j)</u>, the "**Recipient**") under a Loan Document, and any party other than the Recipient (the "**Subject Party**") is required by the terms of any Loan Document to pay an amount equal to the consideration for such supply to the Supplier (rather than being required to reimburse the Recipient in respect of that consideration), (A) where the Supplier is the Person required to account to the relevant tax authority for the VAT, such party shall also pay to the Supplier (in addition to and at the same time as paying such amount) an amount equal to the amount of such VAT; and the Recipient will (where this <u>clause (A)</u> applies) promptly pay to the Subject Party an amount equal to any credit or repayment obtained by the Recipient from the relevant tax authority which the Recipient reasonably determines is in respect of such VAT; and (B) where the Recipient is the Person required to account to the relevant tax authority for the VAT, such party must, following demand from the Recipient, pay to the Recipient an amount equal to the VAT chargeable on that supply, but only to the extent that the Recipient reasonably determines that it is not entitled to credit or repayment from the relevant tax authority in respect of such VAT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Where a Loan Document requires any party to reimburse or indemnify a Secured Party for any cost or expense, that party shall reimburse or indemnify (as the case may be) such Loan Party for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that such Secured Party reasonably determines that it is entitled to credit or repayment in respect of such VAT from the relevant tax authority.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Any reference in this <u>Section 2.17(j)</u> to any party shall, at any time when such party is treated as a member of a group for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the representative member of such group at such time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) In relation to any supply made by a Secured Party to any party under a Loan Document, if reasonably requested by such Secured Party, that party must promptly provide such Secured Party with details of that party's VAT registration and such other information as is reasonably requested in connection with such Secured Party's VAT reporting requirements in relation to such supply.

SECTION 2.18. <u>Payments Generally; Allocation of Proceeds; Sharing of Payments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Unless otherwise specified, (i) each Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements or of amounts payable under <u>Section 2.15</u>, <u>2.16</u> or <u>2.17</u> or otherwise) in U.S. Dollars (subject to <u>clause (ii)</u> below) prior to 2:00 p.m., New York City time, on the date when due and (ii) all payments with respect to principal and interest on Loans denominated in an Alternative Currency or Letters of Credit or LC Disbursements denominated in an Alternative LC Currency shall be made in such currency not later than the Applicable Time on the date when due, in each case, in immediately available funds, without set-off (except as otherwise provided in <u>Section 2.17</u>) or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent to the applicable account designated to the Parent Guarantor by the Administrative Agent in the Administrative Questionnaire, except that payments to be made directly to the applicable Issuing Bank as expressly provided herein shall be so made and except that payments pursuant to <u>Sections 2.15</u>, <u>2.16</u>, <u>2.17</u> and <u>9.03</u> shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. Each Lender agrees that in computing such Lender's portion of any Borrowing to be made hereunder, the Administrative Agent may, in its discretion, round such Lender's percentage of such Borrowing to the next higher or lower whole dollar amount. Any payment required to be made by the Administrative Agent hereunder shall be deemed to have been made by the time required if the Administrative Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance with the regulations or operating procedures of the clearing or settlement system used by the Administrative Agent to make such payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject in all respects to the provisions of any applicable Acceptable Intercreditor Agreement, all proceeds of Collateral and all proceeds realized with respect to any Loan Guarantees, in each case, received by the Administrative Agent or any of the Collateral Agents (or its bailee) at any time when an Event of Default exists and all or any portion of the Loans have been accelerated hereunder pursuant to <u>Section 7.01</u> shall be applied, <u>first</u>, on a pro rata basis, to pay any fees, indemnities or expense reimbursements then due to the Collateral Agents, the Administrative Agent or any Issuing Bank and constituting Loan Document Obligations, <u>second</u>, on a pro rata basis, to pay any fees or expense reimbursements then due to the Lenders and constituting Loan Document Obligations, <u>third</u>, on a pro rata basis, to pay interest due and payable in respect of any Loans and unreimbursed LC Disbursements, <u>fourth</u>, on a pro rata basis, (i) to prepay principal on the Loans and unreimbursed LC Disbursements, all Banking Services Obligations and all Secured Hedging Obligations and (ii) to pay to the Administrative Agent an amount equal to 103% of the LC Exposure (minus the amount then on deposit in the LC

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Collateral Account and minus unreimbursed LC Disbursements paid under <u>clause (i)</u> above) on such date, to be held in the LC Collateral Account as Cash collateral for such Loan Document Obligations, <u>provided</u> that if any Letter of Credit expires with no pending drawings, then any Cash collateral held to secure the related LC Exposure shall be applied in accordance with this <u>Section 2.18(b)</u>, beginning with clause first above, <u>fifth</u>, to the payment of any other Obligation due to the Administrative Agent, the Collateral Agents, any Lender or any other Secured Party, on a pro rata basis, and <u>sixth</u>, to the Borrowers or as the Parent Guarantor shall direct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If any Lender obtains payment (whether voluntary, involuntary, through the exercise of any right of set-off or otherwise) in respect of any principal of or interest on any of its Loans or participations in LC Disbursements held by it resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and participations in LC Disbursements and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for Cash at face value) participations in the Loans and sub-participations in LC Disbursements of other Lenders at such time outstanding to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and participations in LC Disbursements; <u>provided</u> that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not apply to (x) any payment made by a Loan Party pursuant to and in accordance with the express terms of this Agreement or any other Loan Document (for the avoidance of doubt, in each case as amended, restated, supplemented or otherwise modified from time to time), including any payment made or deemed made in connection with <u>Sections 1.09</u>, <u>2.22</u>, <u>2.23</u>, <u>9.02(c)</u> and/or <u>Section 9.05</u>, or (y) any payment obtained by any Lender as consideration for the assignment of or sale of a participation in any of its Loans to any permitted assignee or participant. Each Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the applicable Borrowers rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrowers in the amount of such participation. The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased under this <u>Section 2.18(c)</u> and will, in each case, notify the Lenders following any such purchases or repayments. Each Lender that purchases a participation pursuant to this <u>Section 2.18(c)</u> shall from and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with respect to the portion of the Loan Document Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Loan Document Obligations purchased.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Unless the Administrative Agent has received notice from a Borrower prior to the date on which any payment is due to the Administrative Agent for the account of any Lender or any Issuing Bank hereunder that such Borrower will not make such payment, the Administrative Agent may assume that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the applicable Lender or Issuing Bank the amount due. In such event, if such Borrower has not in fact made such payment, then the applicable Lender or Issuing Bank severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the applicable Overnight Rate.

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SECTION 2.19. <u>Mitigation Obligations; Replacement of Lenders</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If any Lender requests compensation under <u>Section 2.15</u> or any Lender delivers a notice of illegality pursuant to <u>Section 2.20</u>, or any Loan Party is required to pay any additional amount (other than VAT that is recoverable from any Governmental Authority) to or indemnify any Lender or any Issuing Bank or pay any additional amount (other than VAT that is recoverable from any Governmental Authority) to any Governmental Authority for the account of any Lender or Issuing Bank pursuant to <u>Section 2.17</u>, then such Lender or Issuing Bank shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or its participation in any Letter of Credit, or issuing its Letter of Credit, affected by such event, or to assign its rights and obligations hereunder to another of its offices, branches or Affiliates, if, in the reasonable judgment of such Lender or Issuing Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to <u>Section 2.15</u> or <u>2.17</u>, as applicable, in the future or mitigate the impact of <u>Section 2.20</u>, as the case may be, and (ii) would not subject such Lender or Issuing Bank to any material unreimbursed out-of-pocket cost or expense and would not otherwise be disadvantageous to such Lender or Issuing Bank in any material respect. Each Borrower hereby agrees to pay all reasonable out-of-pocket costs and expenses incurred by any Lender or Issuing Bank in connection with any such designation or assignment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If (i) any Lender requests compensation under <u>Section 2.15</u> or such Lender determines it can no longer make or maintain Term Benchmark Loans or RFR Loans pursuant to <u>Section 2.20</u>, (ii) any Loan Party is required to pay any additional amount (other than VAT that is recoverable from any Governmental Authority) to or indemnify any Lender or pay any additional amount (other than VAT that is recoverable from any Governmental Authority) to any Governmental Authority for the account of any Lender pursuant to <u>Section 2.17</u>, (iii) any Lender is a Defaulting Lender or (iv) in connection with any proposed amendment, waiver or consent requiring the consent of "each Lender" or "each Lender directly affected thereby" (or phrases of similar import) (or "each Lender" or "each Lender directly affected thereby" (or phrases of similar import) of a particular Class or Classes) with respect to which the consent of the Required Lenders (or the consent of Lenders holding Term Loans, Revolving Credit Exposures or Commitments of such Class or Classes representing more than 50% of the sum of the total Outstanding Amount of Term Loans, Revolving Credit Exposures and unused Commitments of such Class or Classes at such time) has been obtained, as applicable, any Lender does not provide its consent thereto (each such Lender, a "**Non-Consenting Lender**"), then any Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, (x) terminate all the Commitments of such Lender (or all the Commitment of such Lender of the applicable Class or Classes) and repay (or cause to be repaid) all Loan Document Obligations owing to such Lender (or all Loan Document Obligations owing to such Lender to the extent relating to its interest as a Lender of the applicable Class or Classes) or (y) replace such Lender by requiring such Lender to assign and delegate (and such Lender shall be obligated to assign and delegate), without recourse (in accordance with and subject to the restrictions contained in <u>Section 9.05</u>), all of its interests, rights and obligations under this Agreement (or all of its interests, rights and obligations under this Agreement as a Lender of the applicable Class or Classes) to an Eligible Assignee that shall assume such obligations (which Eligible Assignee may be another Lender, if any Lender accepts such assignment); <u>provided</u> that (A) such Lender shall have received payment of an amount equal to the outstanding principal amount of its Loans and, if applicable, funded participations in LC Disbursements, accrued interest thereon, accrued fees and all other amounts payable to it under any Loan Document (if applicable, in each case, only to the extent the foregoing amounts relate to its interest as a Lender of the applicable Class or Classes), (B) in the case of any assignment resulting from a claim for compensation under <u>Section 2.15</u> or payments required to be made pursuant to <u>Section 2.17</u>, such assignment will result in a reduction in such compensation or payments and (C) such assignment does not conflict with applicable law. No action by or consent of a Defaulting Lender or a Non-Consenting Lender shall be necessary in connection with such assignment, which shall be immediately and automatically effective upon payment of the amounts described in <u>clause (A)</u> of the immediately preceding sentence.

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No Lender (other than a Defaulting Lender) shall be required to make any such assignment and delegation, and a Borrower may not repay the Loan Document Obligations of such Lender and a Borrower may not terminate its Commitments, if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling a Borrower to require such assignment and delegation cease to apply. Each Lender agrees that if it is replaced pursuant to this <u>Section 2.19</u>, it shall execute and deliver to the Administrative Agent an Assignment and Assumption to evidence such sale and purchase and shall deliver to the Administrative Agent any Promissory Note (if the assigning Lender's Loans are evidenced by one or more Promissory Notes) subject to such Assignment and Assumption (<u>provided</u> that the failure of any Lender replaced pursuant to this <u>Section 2.19</u> to execute an Assignment and Assumption or deliver any such Promissory Note shall not render such sale and purchase (and the corresponding assignment) invalid), such assignment shall be recorded in the Register and any such Promissory Note shall be deemed cancelled. Each Lender hereby irrevocably appoints the Administrative Agent (such appointment being coupled with an interest) as such Lender's attorney-in-fact, with full authority in the place and stead of such Lender and in the name of such Lender, from time to time in the Administrative Agent's discretion, with prior written notice to such Lender, to take any action and to execute any such Assignment and Assumption or other instrument that the Administrative Agent may deem reasonably necessary to carry out the provisions of this <u>clause (b)</u>.

SECTION 2.20. <u>Illegality</u>. If any Lender reasonably determines that any Change in Law has made it unlawful, or that any Governmental Authority has asserted after the Effective Date that it is unlawful, for such Lender or its applicable lending office to make, maintain or fund Loans whose interest is determined by reference to any Relevant Rate (or any component thereof) or to determine or charge interest rates based upon the Relevant Rate (or any component thereof), then, on notice thereof by such Lender to the Administrative Borrower through the Administrative Agent, (a) any obligation of such Lender to make or continue Loans of the applicable Type (or, in the case of Loans denominated in U.S. Dollars, to convert Loans to such applicable Type) shall be suspended and (b) if such notice asserts the illegality for such Lender to make or maintain ABR Loans the interest rate on which is determined by reference to the Term SOFR component of the Alternate Base Rate, the interest rate on such ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Term SOFR component of the Alternate Base Rate, in each case, until such Lender notifies the Administrative Agent and the Administrative Borrower that the circumstances giving rise to such determination no longer exist (which notice such Lender agrees to give promptly). Upon receipt of such notice, (i) the applicable Borrowers shall, upon demand from the relevant Lender (with a copy to the Administrative Agent), (A) in the case of Term SOFR Loans, prepay or convert, as elected by the applicable Borrower, all of such Lender's Term SOFR Loans to ABR Loans (the interest rate on which ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Term SOFR component of the Alternate Base Rate) and (B) in the case of Loans denominated in any Alternative Currency, prepay all affected Loans of such Lender or, at the election of the applicable Borrower, all affected Loans of such Lender, solely for the purpose of calculating the rate of interest applicable to such Loans, shall be deemed to be Term Benchmark Loans denominated in U.S. Dollars and shall accrue interest at the same rate of interest as would be applicable to a Term Benchmark Borrowing of the applicable Class denominated in U.S. Dollars at such time (assuming consecutive Interest Periods of one month's duration, with the first such Interest Period commencing on the date set forth below) and (ii) if such notice asserts the illegality of such Lender determining or charging interest rates based upon the Term SOFR, the Administrative Agent shall during the period of such suspension compute the Alternate Base Rate applicable to such Lender without reference to the Term SOFR component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Term SOFR (which notice such Lender agrees to give promptly). Upon any such prepayment or conversion, the applicable Borrowers shall also pay accrued interest on the amount so prepaid or converted.

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SECTION 2.21. <u>Defaulting Lenders</u>. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Fees shall cease to accrue on the unused portion of any Revolving Credit Commitment of such Defaulting Lender pursuant to <u>Section 2.12(a)</u> and, subject to <u>clause (d)(iv)</u> below, on the participation of such Defaulting Lender in Letters of Credit pursuant to <u>Section 2.12(b)</u> and pursuant to any other provisions of this Agreement or other Loan Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Commitments, Loans and LC Exposure of such Defaulting Lender shall not be included in determining whether all Lenders, each affected Lender, the Required Lenders, the Required Revolving Lenders, the Required RCF/TLA Lenders or such other number of Lenders as may be required hereby or under any other Loan Document have taken or may take any action hereunder (including any consent to any waiver, amendment or modification pursuant to <u>Section 9.02</u>); <u>provided</u> that any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender which affects such Defaulting Lender shall require the consent of such Defaulting Lender to the extent provided in <u>Section 9.02</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of any Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to <u>Section 2.11</u>, <u>Section 2.15</u>, <u>Section 2.16</u>, <u>Section 2.17</u>, <u>Section 2.18</u>, <u>Article 7</u>, <u>Section 9.05</u> or otherwise, and including any amounts made available to the Administrative Agent by such Defaulting Lender pursuant to <u>Section 9.09</u>), shall be applied at such time or times as may be determined by the Administrative Agent and, where relevant, the Borrowers as follows: <u>first</u>, to the payment of any amounts owing by such Defaulting Lender to the Collateral Agents and the Administrative Agent hereunder; <u>second</u>, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Bank hereunder; <u>third</u>, if so reasonably determined by the Administrative Agent or reasonably requested by any Issuing Bank, to be held as Cash collateral for future funding obligations of such Defaulting Lender in respect of any participation in any Letter of Credit; <u>fourth</u>, so long as no Default or Event of Default exists, as the Parent Guarantor may request, to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement; <u>fifth</u>, if so determined by the Administrative Agent or the Parent Guarantor, to be held in a deposit account and released in order to satisfy obligations of such Defaulting Lender to fund Loans under this Agreement; <u>sixth</u>, to the payment of any amounts owing to the non-Defaulting Lenders or Issuing Banks as a result of any judgment of a court of competent jurisdiction obtained by any non-Defaulting Lender or any Issuing Bank against such Defaulting Lender as a result of such Defaulting Lender's breach of its obligations under this Agreement; <u>seventh</u>, to the payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by any Borrower against such Defaulting Lender as a result of such Defaulting Lender's breach of its obligations under this Agreement; and <u>eighth</u>, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; <u>provided</u> that if (x) such payment is a payment of the principal amount of any Loan or LC Exposure in respect of which such Defaulting Lender has not fully funded its appropriate share and (y) such Loan or LC Exposure was made or created, as applicable, at a time when the conditions set forth in <u>Section 4.03</u> were satisfied or waived, such payment shall be applied solely to pay the Loans of, and LC Exposure owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or LC Exposure owed to, such Defaulting Lender. Any payments, prepayments or other amounts paid or payable to any Defaulting Lender that are applied (or held) to pay amounts owed by any Defaulting Lender or to post Cash collateral pursuant to this <u>Section 2.21(c)</u> shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If any LC Exposure exists at the time any Revolving Lender becomes a Defaulting Lender then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the LC Exposure of such Defaulting Lender (other than any portion thereof attributable to unreimbursed LC Disbursements with respect to which such Defaulting Lender shall have funded its participation as contemplated by <u>Sections 2.05(d)</u> and <u>2.05(e))</u> shall be reallocated among the Non-Defaulting Revolving Lenders in accordance with their respective Applicable Revolving Credit Percentages but only to the extent (i) the sum of all Non-Defaulting <u>**Revolving**</u> Lenders' Revolving Credit Exposures of any Class does not exceed the total of all Non-Defaulting Revolving Lenders' Revolving Credit Commitments of such Class and (ii) such reallocation does not, as to any Non-Defaulting Revolving Lender, cause such Non-Defaulting <u>**Revolving**</u> Lender's Revolving Credit Exposure of any Class to exceed its Revolving Credit Commitment of such Class; <u>provided</u> that, subject to <u>Section 9.23</u>, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from such Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Revolving Lender as a result of such Non-Defaulting Revolving Lender's increased exposure following such reallocation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if the reallocation described in <u>clause (i)</u> above cannot, or can only partially, be effected, the Borrowers shall, without prejudice to any other right or remedy available to them hereunder or under applicable law, within two Business Days following notice by the Administrative Agent, Cash collateralize 103% of such Defaulting Lender's LC Exposure (other than any portion thereof referred to in the parenthetical in <u>clause (i)</u> above) that has not been reallocated in accordance with the procedures set forth in <u>Section 2.05(j)</u> or make other arrangements reasonably satisfactory to the Administrative Agent and to the applicable Issuing Bank with respect to such LC Exposure and obligations to fund participations. Such cash collateral (or the appropriate portion thereof) provided to reduce LC Exposure shall be released promptly following (A) the elimination of the applicable LC Exposure giving rise thereto (including by the termination of the Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with <u>Section 2.19</u>)) or (B) the Administrative Agent's good faith determination that there exists excess Cash collateral (including as a result of any subsequent reallocation of LC Exposure among Non-Defaulting Revolving Lenders described in <u>clause (i)</u> above);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (A) if the LC Exposure of any Defaulting Lender is reallocated pursuant to this <u>Section 2.21(d)</u>, then the fees payable to the Revolving Lenders pursuant to <u>Sections 2.12(a)</u> and <u>2.12(b)</u> shall be adjusted to give effect to such reallocation and (B) if the LC Exposure of any Defaulting Lender is Cash collateralized pursuant to this <u>Section 2.21(d)</u>, then, without prejudice to any rights or remedies of the applicable Issuing Bank, any Lender or any Borrower hereunder, no letter of credit participation fees shall be payable under <u>Section 2.12(b)</u> with respect to such Defaulting Lender's LC Exposure; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) if any Defaulting Lender's LC Exposure is not Cash collateralized or reallocated pursuant to this <u>Section 2.21(d)</u>, then, without prejudice to any rights or remedies of the applicable Issuing Bank or any Revolving Lender hereunder, all letter of credit participation fees payable under <u>Section 2.12(b)</u> with respect to such Defaulting Lender's LC Exposure shall be payable to the Issuing Banks (and allocated among them ratably based on the amount of such portion of such Defaulting Lender's LC Exposure attributable to Letters of Credit issued by each Issuing Bank) until such Defaulting Lender's LC Exposure is Cash collateralized or reallocated.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) So long as any Revolving Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, amend or increase any Letter of Credit unless it is reasonably satisfied that the related exposure will be 100% covered by the Revolving Credit Commitments of the Non-Defaulting Revolving Lenders, Cash collateral provided pursuant to <u>Section 2.21(c)</u> and/or Cash collateral provided by the Borrower in accordance with <u>Section 2.21(d)</u>, and participating interests in any such or newly issued or extended Letter of Credit shall be allocated among Non-Defaulting Revolving Lenders in a manner consistent with <u>Section 2.21(d)(i)</u> (it being understood that Defaulting Lenders shall not participate therein).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) In the event that the Administrative Agent and the Parent Guarantor agree that any Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then such Defaulting Lender shall cease to be such and, if such Defaulting Lender is a Revolving Lender, the Applicable <u>**Revolving**</u> Credit Percentages of LC Exposure of the Revolving Lenders shall be readjusted to reflect the inclusion of such Revolving Lender's Revolving Credit Commitment, and on such date such Revolving Lender shall purchase at par such of the Revolving Loans of the applicable Class of the other Revolving Lenders and such of the funded participations in LC Disbursements of the other Revolving Lenders as the Administrative Agent shall determine are necessary in order for such Revolving Lender to hold such Revolving Loans in accordance with its Applicable Percentage of the applicable Class and such participations in accordance with its Applicable Revolving Credit Percentage. Notwithstanding the fact that any Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, (x) no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers while such Lender was a Defaulting Lender (and such Lender shall not be entitled to receive any fees that were not paid to it during the period it was a Defaulting Lender in accordance with the foregoing provisions), and (y) except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender's having been a Defaulting Lender.

SECTION 2.22. <u>Incremental Credit Extensions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrowers (or Subsidiary Guarantors that will become Borrowers) may, at any time after the <u>**later of the**</u> Availability <u>**Date and the Spin-Off Effective**</u> Date, on one or more occasions pursuant to an Incremental Facility Amendment (i) add one or more new Classes of term facilities (which may be in the form of "delayed draw" term facilities) and/or increase the principal amount of the Term Loans of any existing Class (any such new Class or increase, an "**Incremental Term Facility**" and any loans made pursuant to an Incremental Term Facility, "**Incremental Term Loans**") and/or (ii) add one or more new Classes of revolving commitments and/or increase the aggregate amount of the Revolving Credit Commitments of any existing Class (any such new Class or increase, an "**Incremental Revolving Facility**" and, together with any Incremental Term Facility, "**Incremental Facilities**"; and the loans thereunder, "**Incremental Revolving Loans**" and, together with any Incremental Term Loans, "**Incremental Loans**") in an aggregate outstanding principal amount not to exceed the Incremental Cap (less any portion thereof utilized by the Incremental Equivalent Debt); <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Incremental Commitments in respect of any Incremental Term Facility may not be in an aggregate amount that is less than US$5,000,000 (or such lesser amount to which the Administrative Agent may reasonably agree);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) except as separately agreed from time to time between a Borrower and any Lender, no Lender shall be obligated to provide any Incremental Commitment, and the determination to provide any Incremental Commitment shall be within the sole and absolute discretion of such Lender (it being agreed that no Borrower shall be obligated to offer the opportunity to any Lender to participate in any Incremental Facility);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) no Incremental Facility or Incremental Loan (nor the creation, provision or implementation thereof) shall require the approval of any existing Lender other than in its capacity, if any, as a lender providing all or part of such Incremental Facility or Incremental Loan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any such Incremental Revolving Facility either (A) shall be subject to the same terms and conditions as any then-existing Revolving Facility (and be deemed added to, and made a part of, such Revolving Facility) (it being understood that, if required to consummate an Incremental Revolving Facility, the applicable Borrowers may increase the pricing, interest rate margins, rate floors and undrawn fees on the applicable Revolving Facility being increased for all Lenders under such Revolving Facility, but additional upfront or similar fees may be payable to the Lenders participating in such Incremental Revolving Facility without any requirement to pay such amounts to any existing Lenders) or (B) shall mature no earlier than, and require no scheduled mandatory commitment reduction prior to, the Initial Revolving Credit Maturity Date and shall have all other material terms (other than currency, maturity, pricing (including rate floors), fees and immaterial terms, which shall be determined by the applicable Borrowers) as agreed between the applicable Borrowers and the Lenders providing such Incremental Revolving Facility and reasonably satisfactory to the Administrative Agent (it being understood and agreed that if any financial maintenance covenant, any other covenant or any event of default is added for the benefit of any Incremental Revolving Facility, then, unless such covenant or event of default is only applicable to periods after the later of the Initial Term Loan Maturity Date and the Initial Revolving Credit Maturity Date, such covenant or event of default shall be added for the benefit of any then-existing Revolving Facility and any then-existing Term A Facility);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) [Reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the scheduled final maturity date with respect to any Incremental Term Loans shall be no earlier than the Initial Term Loan Maturity Date at the time of the incurrence thereof; <u>provided</u>, that the foregoing limitation shall not apply to customary bridge loans incurred to finance Permitted Acquisitions or similar Investments so long as either (x) such bridge loans provide for the automatic exchange or conversion into Indebtedness meeting the requirements set forth in this <u>clause (vi)</u> or (y) are intended to be refinanced with Qualified Capital Stock of the Parent Guarantor, proceeds of asset sales or Indebtedness meeting the requirements set forth in this <u>clause (vi)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) the Weighted Average Life to Maturity of any Incremental Term Facility shall be no shorter than the remaining Weighted Average Life to Maturity of the Initial Term Loans; <u>provided</u>, that the foregoing limitation shall not apply to customary bridge loans incurred to finance Permitted Acquisitions or similar Investments so long as either (x) such bridge loans provide for the automatic exchange or conversion into Indebtedness meeting the requirements set forth in this <u>clause (vii)</u> or (y) are intended to be refinanced with Qualified Capital Stock of the Parent Guarantor, proceeds of asset sales or Indebtedness meeting the requirements set forth in this <u>clause (vii)</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) subject to <u>clauses (vi)</u> and <u>(vii)</u> above, any Incremental Term Facility may otherwise have an amortization schedule as determined by the applicable Borrowers and the Lenders providing such Incremental Term Facility;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) subject to <u>clause (v)</u> above, to the extent applicable, any fees payable in connection with any Incremental Facility shall be determined by applicable Borrowers and the arrangers and/or Lenders providing such Incremental Facility;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) (A) each Incremental Facility shall rank pari passu with the Initial Term Loans and the Initial Revolving Loans, in each case, in right of payment and with respect to security and (B) no Incremental Facility may be (x) Guaranteed by any Person which is not a Loan Party or (y) secured by Liens on any assets other than the Collateral;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) any Incremental Term Facility may provide for the ability to participate (A) on a pro rata basis or non-pro rata basis in any voluntary prepayment of Term Loans made pursuant to <u>Section 2.11(a)</u> and (B) on a pro rata or less than pro rata basis (but not on a greater than pro rata basis, other than in the case of prepayment with proceeds of Indebtedness refinancing such Incremental Term Loans) in any mandatory prepayment of Term Loans required pursuant to <u>Section 2.11(b)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) no Event of Default shall exist immediately prior to or after giving effect to the effectiveness of such Incremental Facility;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) except as otherwise required or permitted in <u>clauses (v)</u> through <u>(xi)</u> above, all other terms of any Incremental Term Facility shall be as agreed between the applicable Borrowers and the Lenders providing such Incremental Term Facility; provided that such terms (other than the terms referred to in <u>clauses (v)</u> through <u>(xi)</u> above and other than currency, pricing (including rate floors), fees, premiums and any "MFN" terms) shall be reasonably satisfactory to the Administrative Agent (it being understood and agreed that if any financial maintenance covenant, any other covenant or any event of default is added for the benefit of any Incremental Term Facility, then, unless such covenant or event of default is only applicable to periods after the later of the Initial Term Loan Maturity Date and the Initial Revolving Credit Maturity Date, such covenant or event of default shall be added for the benefit of any then-existing Term A Facility and any then-existing Revolving Facility);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) the proceeds of any Incremental Facility may be used for working capital, Capital Expenditures and other general corporate purposes of the Parent Guarantor and its Restricted Subsidiaries (including permitted Restricted Payments, Investments, Permitted Acquisitions, Restricted Debt Payments and any other purpose not prohibited by the terms of the Loan Documents); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) on the date of the making of any Incremental Term Loans that will be added to any Class of then existing Term Loans, and notwithstanding anything to the contrary set forth in <u>Sections 2.08</u> or <u>2.13</u>, such Incremental Term Loans shall be added to (and constitute a part of, be of the same Type as and have the same Interest Period as) each Borrowing of outstanding Term Loans of such Class on a pro rata basis (based on the relative sizes of such Borrowings), so that each Term Lender providing such Incremental Term Loans will participate proportionately in each then-outstanding Borrowing of Term Loans of such Class; it being acknowledged that the application of this clause may result in new Incremental Term Loans having Interest Periods (the duration of which may be less than one month) that begin during an Interest Period then applicable to outstanding Term Benchmark Loans of the relevant Class and which end on the last day of such Interest Period.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Incremental Commitments may be provided by any existing Lender or by any other Eligible Assignee (any such other Eligible Assignee being called an "**Additional Lender**"); <u>provided</u> that the Administrative Agent (and, in the case of any Incremental Revolving Facility, each Issuing Bank) shall have consented (such consent not to be unreasonably withheld, conditioned or delayed) to the relevant Additional Lender's provision of Incremental Commitments if such consent would be required under <u>Section 9.05(b)</u> for an assignment of Loans to such Additional Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Lender or Additional Lender providing a portion of any Incremental Commitment shall execute and deliver to the Administrative Agent and the Parent Guarantor all such documentation (including the relevant Incremental Facility Amendment) as may be reasonably required by the Administrative Agent to evidence and effectuate such Incremental Commitment. On the effective date of such Incremental Commitment, each Additional Lender shall become a Lender for all purposes in connection with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) As a condition precedent to the effectiveness of any Incremental Facility or the making of any Incremental Loans, (i) upon its request, the Administrative Agent shall have received customary written opinions of counsel, customary secretary's certificates and customary officer's certificates, as well as such reaffirmation agreements, supplements and/or amendments as it shall reasonably require, (ii) the Administrative Agent shall have received, from each Additional Lender, an Administrative Questionnaire and such other documents as it shall reasonably require from such Additional Lender, (iii) the Administrative Agent and applicable Additional Lenders shall have received all fees required to be paid in respect of such Incremental Facility or Incremental Loans and (iv) in the case of the making of any Incremental Loans, the Administrative Agent shall have received a Borrowing Request in accordance with <u>Section 2.03</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Upon the implementation of any Incremental Revolving Facility pursuant to this <u>Section 2.22</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if such Incremental Revolving Facility establishes Revolving Credit Commitments of the same Class as any then-existing Class of Revolving Credit Commitments, (i) each Revolving Lender immediately prior to such increase will automatically and without further act be deemed to have assigned to each relevant Incremental Revolving Facility Lender, and each relevant Incremental Revolving Facility Lender will automatically and without further act be deemed to have assumed, a portion of such Revolving Lender's participations hereunder in outstanding Letters of Credit such that, after giving effect to each deemed assignment and assumption of participations, all of the Revolving Lenders' (including each Incremental Revolving Facility Lender's) participations hereunder in Letters of Credit shall be held on a pro rata basis on the basis of their respective Revolving Credit Commitments (after giving effect to any increase in the Revolving Credit Commitments pursuant to this <u>Section 2.22</u>) and (ii) the existing Revolving Lenders of the applicable Class shall assign Revolving Loans to certain other Revolving Lenders of such Class (including the Revolving Lenders providing the relevant Incremental Revolving Facility), and such other Revolving Lenders (including the Revolving Lenders providing the relevant Incremental Revolving Facility) shall purchase such Revolving Loans, in each case to the extent necessary so that all of the Revolving Lenders of such Class participate in each outstanding borrowing of Revolving Loans pro rata on the basis of their respective Revolving Credit Commitments of such Class (after giving effect to any increase in the Revolving Credit Commitments pursuant to this <u>Section 2.22</u>); it being understood and agreed that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to this <u>clause (i)</u>; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if such Incremental Revolving Facility establishes Revolving Credit Commitments of a new Class, (1) the borrowing and repayment (except for (A) payments of interest and fees at different rates on any Revolving Facility, (B) repayments required upon the Maturity Date of any Revolving Facility and (C) repayments made in connection with any permanent repayment of any Revolving Loans and reduction or termination of any Revolving Credit Commitments (subject to <u>clause (3)</u> below)) of Incremental Revolving Loans after the effective date of such Incremental Revolving Facility Commitments shall be made on a pro rata basis with any then-existing Revolving Facility, (2) all Letters of Credit shall be participated on a pro rata basis by all Revolving Lenders and (3) any permanent repayment of Revolving Loans with respect to, and reduction or termination of Revolving Credit Commitments under, any Incremental Revolving Facility shall be made on a pro rata basis or less than pro rata basis with all other Revolving Facilities, except that the applicable Borrowers shall be permitted to permanently repay Revolving Loans and reduce or terminate Revolving Credit Commitments under any Revolving Facility on a greater than pro rata basis (I) as compared to any other Revolving Facilities with a later Maturity Date than such Revolving Facility or (II) to the extent refinanced or replaced with a Replacement Revolving Facility or Replacement Debt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) On the date of effectiveness of any Incremental Revolving Facility, the maximum amount of LC Exposure permitted hereunder shall increase by an amount, if any, agreed upon by the Administrative Agent, the Parent Guarantor and the relevant Issuing Banks.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Lenders hereby irrevocably authorize the Administrative Agent and each Collateral Agent to enter into any Incremental Facility Amendment and/or any amendment to any other Loan Document as may be necessary in order to establish new Classes, or any increase in any existing Classes, in respect of Loans or Commitments pursuant to this <u>Section 2.22</u> (including, for instance, to increase the amortization of any existing Class of Term Loans (or to provide for any existing Class of Term Loans to have (or to again have) amortization) in order to have such existing Class of Term Loans be "fungible" with any Incremental Term Facility that is to be added to such Loans) and such technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Parent Guarantor in connection with the establishment or increase, as applicable, of such Classes, in each case on terms consistent with this <u>Section 2.22</u> (including with respect to the appointment of a Subsidiary Guarantor as a Borrower in respect of such Incremental Facility).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Notwithstanding anything to the contrary in this <u>Section 2.22</u> (including <u>Section 2.22(d)</u>) or in any other provision of any Loan Document, if the proceeds of any Incremental Facility are intended to be applied to finance an acquisition or other Investment and the Lenders providing such Incremental Facility so agree, the availability thereof shall be subject to customary "SunGard" or "certain funds" conditionality (including the making and accuracy of customary specified representations in connection with such acquisition or other Investment).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) This <u>Section 2.22</u> shall supersede any provision in <u>Section 2.18</u> or <u>9.02</u> to the contrary.

SECTION 2.23. <u>Extensions of Loans and Revolving Credit Commitments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an "**Extension Offer**") made from time to time by the applicable Borrowers to all Lenders holding Loans of any Class or Commitments of any Class, in each case on a pro rata basis to the Lenders in such Class (based on the aggregate outstanding principal amount of the respective Loans or

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Commitments of such Class) and on the terms offered on the same basis to each such Lender, the applicable Borrowers are hereby permitted from time to time to consummate transactions with any individual Lender that accepts the terms contained in the relevant Extension Offer to extend the Maturity Date of all or a portion of such Lender's Loans and/or Commitments of such Class and/or otherwise modify the terms of all or a portion of such Loans and/or Commitments pursuant to the terms of the relevant Extension Offer (including by increasing or decreasing the interest rate or fees payable in respect of such Loans and/or Commitments (and related outstandings) and/or modifying the amortization schedule, if any, in respect of such Loans) (each, an "**Extension**"); it being understood that (x) any Extended Term Loans shall constitute a separate Class of Loans from the Class of Loans from which they were converted and any Extended Revolving Credit Commitments shall constitute a separate Class of Revolving Credit Commitments from the Class of Revolving Credit Commitments from which they were converted and (y) no Lender shall have any obligation to accept any applicable Extension Offer; <u>provided</u> that the following terms are satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) except as to (x) currency, pricing (including rate floors), fees and final maturity (which shall, subject to <u>clause (iii)(y)</u> below, be determined by the applicable Borrowers and set forth in the relevant Extension Offer), (y) terms applicable to any Extended Revolving Facility that are more favorable to the Lenders under such Extended Revolving Facility than those contained in the Loan Documents for the benefit of any then-existing Revolving Facility and are then conformed (or added) to the Loan Documents on or prior to the effectiveness of such Extension for the benefit of the Revolving Lenders pursuant to the applicable Extension Amendment (it being understood and agreed that if any financial maintenance covenant, any other covenant or any event of default is added for the benefit of any Extended Revolving Facility, then, unless such covenant or event of default is only applicable to periods after the later of the Initial Term Loan Maturity Date and the Initial Revolving Credit Maturity Date, such covenant or event of default shall be added for the benefit of any then-existing Revolving Facility and any then-existing Term A Facility) and (z) any terms or other provisions applicable only to periods after the Latest Revolving Credit Maturity Date (in each case, as of the date of such Extension), the Revolving Credit Commitment of any Revolving Lender that agrees to an Extension (an "**Extended Revolving Credit Commitment**"; and the Loans thereunder, "**Extended Revolving Loans**"), and the related outstandings, shall be a revolving commitment (or related outstandings, as the case may be) with substantially consistent terms (or terms not less favorable to existing Revolving Lenders) as the Class of Revolving Credit Commitments subject to the relevant Extension Offer (and related outstandings) provided hereunder; <u>provided</u> that to the extent more than one Revolving Facility exists after giving effect to any such Extension, (1) the borrowing and repayment (except for (A) payments of interest and fees at different rates on any Revolving Facility, (B) repayments required upon the Maturity Date of any Revolving Facility and (C) repayments made in connection with any permanent repayment of any Revolving Loans and reduction or termination of any Revolving Credit Commitments (subject to <u>clause (3)</u> below)) of Extended Revolving Loans after the effective date of such Extended Revolving Credit Commitments shall be made on a pro rata basis with all other Revolving Facilities, (2) all Letters of Credit shall be participated on a pro rata basis by all Revolving Lenders and (3) any permanent repayment of Revolving Loans with respect to, and reduction or termination of Revolving Credit Commitments under, any Extended Revolving Loan shall be made on a pro rata basis or less than pro rata basis with all other Revolving Facilities, except that the applicable Borrowers shall be permitted to permanently repay Revolving Loans and reduce or terminate Revolving Credit Commitments under any Revolving Facility on a greater than pro rata basis (I) as compared to any other Revolving Facilities with a later Maturity Date than such Revolving Facility or (II) to the extent refinanced or replaced with a Replacement Revolving Facility or Replacement Debt;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) except as to (x) pricing (including rate floors), fees, premiums, any "MFN" terms, amortization, final maturity date and participation in prepayments (which shall, subject to immediately succeeding <u>clauses (iii)(x)</u>, <u>(iv)</u>, <u>(v)</u> and <u>(vi)</u>, be determined by the applicable Borrowers and set forth in the relevant Extension Offer), (y) terms applicable to such Extended Term Loans that are more favorable to the Lenders of such Extended Term Loans than those contained in the Loan Documents and are then conformed (or added) to the Loan Documents on or prior to the effectiveness of such Extension for the benefit of all the Lenders (or, in the case of an Extension Offer with respect to any Term A Loans, for the benefit of all the Term A Lenders and Revolving Lenders) pursuant to the applicable Extension Amendment and (z) any terms or other provisions applicable only to periods after the Latest Maturity Date (in each case, as of the date of such Extension), the Term Loans of any Lender extended pursuant to any Extension (any such extended Term Loans, the "**Extended Term Loans**") shall have substantially consistent terms (or terms not less favorable to existing Lenders) as the Class of Term Loans subject to the relevant Extension Offer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (x) the scheduled final maturity date of any Extended Term Loans shall be no earlier than the then applicable Maturity Date applicable to the Term Loans subject to the relevant Extension Offer and (y) no Extended Revolving Credit Commitments or Extended Revolving Loans shall have a scheduled final maturity date earlier than (or require commitment reductions prior to) the then applicable Latest Revolving Credit Maturity Date applicable to the Revolving Facility subject to the relevant Extension Offer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Weighted Average Life to Maturity of any Extended Term Loans shall be no shorter than the remaining Weighted Average Life to Maturity of the Term Loans subject to the relevant Extension Offer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) subject to <u>clauses (iii)</u> and <u>(iv)</u> above, any Extended Term Loans may otherwise have an amortization schedule as determined by the applicable Borrowers and the Lenders providing such Extended Term Loans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) any Extended Term Loans may provide for the ability to participate (A) on a pro rata basis or non-pro rata basis in any voluntary prepayment of Term Loans made pursuant to <u>Section 2.11(a)</u> and (B) on a pro rata or less than pro rata basis (but not on a greater than pro rata basis other than in the case of prepayment with proceeds of Indebtedness refinancing such Extended Term Loans) in any mandatory prepayment of Term Loans required pursuant to <u>Section 2.11(b)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) if the aggregate principal amount of Loans or Commitments, as the case may be, in respect of which Lenders shall have accepted the relevant Extension Offer exceeds the maximum aggregate principal amount of Loans or Commitments, as the case may be, offered to be extended or modified by the applicable Borrowers pursuant to such Extension Offer, then the Loans or Commitments, as the case may be, of such Lenders shall be extended or modified ratably up to such maximum amount based on the respective amounts (but not to exceed actual holdings of record) held by Lenders that have accepted such Extension Offer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) unless the Administrative Agent otherwise agrees, each Extension shall be in a minimum amount of US$5,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) any applicable Minimum Extension Condition shall be satisfied or waived by the Parent Guarantor; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) all documentation in respect of such Extension shall be consistent with the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) With respect to any Extension consummated pursuant to this <u>Section 2.23</u>, (i) no such Extension shall constitute a voluntary or mandatory prepayment for purposes of <u>Section 2.11</u>, (ii) the scheduled amortization payments (insofar as such Extension affects payments due to Lenders participating in the relevant Class) set forth in <u>Section 2.10</u> shall be adjusted to give effect to such Extension of the relevant Class and (iii) except as set forth in <u>clause (a)(viii)</u> above, no Extension Offer is required to be in any minimum amount or any minimum increment; <u>provided</u> that the Parent Guarantor may, at its election, specify as a condition (a "**Minimum Extension Condition**") to consummating such Extension that a minimum amount (to be determined and specified in the relevant Extension Offer in the Parent Guarantor's sole discretion and which may be waived by the Parent Guarantor in its sole discretion) of Loans or commitments (as applicable) of any or all applicable Classes be tendered. The Administrative Agent and the Lenders hereby consent to the transactions contemplated by this <u>Section 2.23</u> (including, for the avoidance of doubt, any payment of any interest, fees or premium in respect of any Class of Extended Term Loans and/or Extended Revolving Credit Commitments on such terms as may be set forth in the relevant Extension Offer) and hereby waive the requirements of any provision of this Agreement (including <u>Sections 2.10</u>, <u>2.11</u> or <u>2.18</u>) or any other Loan Document that may otherwise prohibit any Extension or any other transaction contemplated by this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No consent of any Lender or, except as set forth in <u>clause (a)(viii)</u> above, the Administrative Agent shall be required to effectuate any Extension, other than (i) the consent of each Lender agreeing to such Extension with respect to one or more of its Loans and/or Commitments under any Class (or a portion thereof) and (ii) with respect to any Extension of the Revolving Credit Commitments, the consent of each Issuing Bank to the extent the commitment to provide Letters of Credit is to be extended. All Extended Term Loans and Extended Revolving Credit Commitments and all obligations in respect thereof shall constitute Obligations under this Agreement and the other Loan Documents that are secured by the Collateral and Guaranteed on a pari passu basis with all other Obligations under this Agreement and the other Loan Documents. The Lenders hereby irrevocably authorize the Administrative Agent to enter into any Extension Amendment and such other amendments to this Agreement and the other Loan Documents as may be necessary in order to establish new Classes in respect of Loans or Commitments so extended or modified and such technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Parent Guarantor in connection with the establishment of such new Classes, in each case on terms consistent with this <u>Section 2.23</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In connection with any Extension, the Parent Guarantor shall provide the Administrative Agent at least five Business Days' (or such shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and shall agree to such procedures (including regarding timing, rounding and other adjustments and to ensure reasonable administrative management of the credit facilities hereunder after such Extension), if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this <u>Section 2.23</u>.

ARTICLE 3

REPRESENTATIONS AND WARRANTIES

The Parent Guarantor and each of the Borrowers represent and warrant, on the Availability Date, on the Spin-Off Effective Date and on each other date on which representations and warranties are required to be, or are deemed to be, made under the Loan Documents, to the Administrative Agent, the Collateral Agents and the Lenders that:

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SECTION 3.01. <u>Organization; Powers</u>. Each of the Parent Guarantor and its Restricted Subsidiaries is duly organized, validly existing and in good standing (to the extent such concept is applicable in the relevant jurisdiction) under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and is qualified to do business in, and is in good standing (to the extent such concept is applicable in the relevant jurisdiction) in, every jurisdiction where such qualification is required, except in each case (other than as to existence of the Loan Parties) where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

SECTION 3.02. <u>Authorization; Enforceability</u>. The Transactions to be entered into by each Loan Party are within such Loan Party's corporate or other organizational powers and have been duly authorized by all necessary corporate or other organizational and, if required, stockholder action. The Loan Documents have been duly executed and delivered by the Loan Parties party thereto and constitute a legal, valid and binding obligation of the Loan Parties party thereto, enforceable against such Loan Parties in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors' rights generally and general principles of equity, regardless of whether considered in a proceeding in equity or at law and, in the case of any Foreign Collateral Document where the enforceability thereof is subject to the completion of the applicable Perfection Requirements, subject to completion of such Perfection Requirements.

SECTION 3.03. <u>Governmental Approvals; No Conflicts</u>. The Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except for (i) the approvals, consents, registrations, actions and filings which have been duly obtained, taken, given or made and are in full force and effect, (ii) filings or other actions necessary to perfect Liens created under the Collateral Documents and (iii) filings with the SEC reporting the Transactions, (b) will not violate (i) any applicable law or regulation or order of any Governmental Authority or (ii) the Organizational Documents of any Loan Party, (c) will not violate or result in a default under any indenture, agreement or other instrument binding upon the Parent Guarantor or any Restricted Subsidiary or its assets, or give rise to a right thereunder to require any payment to be made by the Parent Guarantor or any Restricted Subsidiary (other than the Pre-Spin Dividend<u>**Spin-Off Related Distributions and any Spin-Off True-Up Payment**</u>), and (d) will not result in the creation or imposition of any Lien on any material asset of any Loan Party (other than Liens permitted by <u>Section 6.02</u>); in each case under <u>clauses (a)</u>, <u>(b)(i)</u> and <u>(c)</u>, except with respect to any approval, consent, registration, action, filing, violation or default that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

SECTION 3.04. <u>Financial Statements; No Material Adverse Change</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Historical Combined Financial Statements present fairly, in all material respects, the combined financial position and consolidated results of operations and cash flows of the Parent Guarantor and its Subsidiaries as of the dates thereof and for the periods covered thereby in accordance with GAAP, subject to, in the case of combined interim financial statements, normal year-end audit adjustments and the absence of certain footnotes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Since December 31, 2024<u>**2025**</u>, there has been no material adverse change and there have been no events, developments or circumstances that would reasonably be expected to have, individually or in the aggregate, a material adverse change, in each case, in the business, assets, properties or financial condition of the Parent Guarantor and its Restricted Subsidiaries, taken as a whole.

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SECTION 3.05. <u>Properties</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the Parent Guarantor and its Restricted Subsidiaries has good and valid title to, or valid leasehold interests in, all its real and personal property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes and except where the failure to have such title or interest, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each of the Parent Guarantor and its Restricted Subsidiaries owns, or is licensed or possesses the right to use, all Trademarks, Copyrights, Patents and other intellectual property rights ("**IP Rights**") material to the operation of the business of the Parent Guarantor and the Restricted Subsidiaries, taken as a whole, and, to the knowledge of the Parent Guarantor, the use thereof by the Parent Guarantor and its Restricted Subsidiaries does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

SECTION 3.06. <u>Litigation and Environmental Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Parent Guarantor, threatened against or affecting the Parent Guarantor or any of its Restricted Subsidiaries as to which there is a reasonable possibility of an adverse determination and that could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except with respect to any matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, neither the Parent Guarantor nor any of its Restricted Subsidiaries (i) has failed to comply with any applicable Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any Environmental Liability.

SECTION 3.07. <u>Compliance with Laws</u>. Each of the Parent Guarantor and its Restricted Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

SECTION 3.08. <u>Investment Company Status</u>. None of the Loan Parties are required to register as an "investment company" as defined in the Investment Company Act of 1940.

SECTION 3.09. <u>Taxes</u>. The Parent Guarantor and each of its Restricted Subsidiaries has timely filed or caused to be filed (taking into account extensions) all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes levied or imposed upon it or its properties, income or assets otherwise due and payable (including in its capacity as a withholding agent), except, in each case, (a) Taxes that are being contested in good faith by appropriate proceedings that stay the enforcement of the Tax in question and for which the Parent Guarantor or such Restricted Subsidiary, as applicable, has set aside on its books reserves to the extent required by GAAP or (b) to the extent that the failure to make such filing or payment could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. There is no current, proposed or, to the knowledge of the Parent Guarantor, pending Tax assessment, deficiency or other claim against the Parent Guarantor or any of its Restricted Subsidiaries except (i) those being actively contested by the Parent Guarantor or such

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Restricted Subsidiary in good faith and by appropriate proceedings that stay the enforcement of the Tax in question and for which adequate reserves have been provided in accordance with GAAP or (ii) those that would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

SECTION 3.10. <u>Solvency</u>. On each of the Availability Date and the Spin-Off Effective Date, in each case, after giving effect to the Transactions, the Parent Guarantor and the Restricted Subsidiaries, on a consolidated basis, are Solvent.

SECTION 3.11. <u>Disclosure</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As of the Availability Date, (i) none of the reports, financial statements, certificates or other written information (excluding any financial projections or pro forma financial information) furnished by or on behalf of the Parent Guarantor or any Borrower to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or delivered hereunder (as modified or supplemented by other information so furnished), when taken as a whole, contains as of the date of such statement, information, document or certificate was so furnished any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading and (ii) the projections and pro forma financial information contained in the materials referenced above have been prepared in good faith based upon assumptions believed by management of the Parent Guarantor to be reasonable at the time made, it being recognized by the Lenders that such financial information as it relates to future events is not to be viewed as fact and that actual results during the period or periods covered by such financial information may differ from the projected results set forth therein by a material amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As of the Availability Date, to the extent required to be delivered under <u>Section 4.01</u> or <u>4.02</u>, the information included in the Beneficial Ownership Certification is true and correct in all material respects.

SECTION 3.12. <u>Federal Reserve Regulations</u>. No part of the proceeds of any Loan have been used or will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Federal Reserve Board, including Regulations U and X. Neither the Parent Guarantor nor any of its Restricted Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock.

SECTION 3.13. <u>Anti-Corruption Laws; Sanctions</u>. The Parent Guarantor has implemented and maintains in effect policies and procedures designed to ensure compliance by the Parent Guarantor, its Subsidiaries and its and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and the Parent Guarantor, its Subsidiaries and, to the knowledge of the Responsible Officers of the Parent Guarantor, its and their respective officers, employees directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions, except for violations that are not material. None of the Parent Guarantor, any Subsidiary or, to the knowledge of the Parent Guarantor, any of their respective directors, officers, employees or agents, is a Sanctioned Person.

SECTION 3.14. <u>ERISA</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Employee Benefit Plan is in compliance with its terms and with ERISA and the Code and all other applicable laws and regulations, except where any failure to comply, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the five-year period prior to the date on which this representation is made or deemed made, no ERISA Event has occurred or is reasonably expected to occur that, whether taken individually or together with all other such ERISA Events for which liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect.

SECTION 3.15. <u>Capitalization and Subsidiaries</u>**<u>.</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>(a) Schedule 3.15(a) sets forth, as of the Availability Date, (i) a correct and complete list of the legal name of the Parent Guarantor and each EDS Subsidiary, the ownership interest in the Parent Guarantor held by Aptiv or its Subsidiaries and the ownership interest in each EDS Subsidiary held by any other EDS Subsidiary or by Aptiv or its other Subsidiaries and (ii) the jurisdiction of organization, and the type of entity of, the Parent Guarantor and each EDS Subsidiary.</u>**.<u>**(b)**</u> <u>Schedule 3.15</u><u>**(b)**</u> sets forth, as of the Availability Date<u>**immediately prior to the consummation of the Spin-Off (and without giving effect to the rules of construction as to the term "Subsidiary" set forth in Section 1.05)**</u>, (a**<u>i</u>**) a correct and complete list of the <u>**legal**</u> name of <u>**the Parent Guarantor and**</u> each Subsidiary of the Parent Guarantor and the ownership interest therein<u>**in each such Subsidiary**</u> held by the Parent Guarantor or its Subsidiaries, and identifies each Subsidiary that, as of the Availability<u>**Spin-Off Effective**</u> Date, is not an Excluded Subsidiary and (b<u>**ii**</u>) the jurisdiction of organization, and the type of entity of, the Parent Guarantor and each of its Subsidiaries.

SECTION 3.16. <u>Security Interest in Collateral</u>. Subject to the Legal Reservations and the Perfection Requirements (including, to the extent applicable, the Agreed Security Principles), the provisions, limitations and/or exceptions set forth in this Agreement and/or the other relevant Loan Documents (including any Acceptable Intercreditor Agreement), the Collateral Documents create legal, valid and enforceable Liens on all of the Collateral described therein in favor of the applicable Collateral Agent, for the benefit of itself and the other Secured Parties, and upon the satisfaction of the applicable Perfection Requirements (as limited by the Agreed Security Principles), such Liens shall constitute perfected Liens (with the priority such Liens are expressed to have within the relevant Collateral Documents) on the Collateral (to the extent such Liens are required to be perfected under the terms of the Loan Documents) securing the Obligations, in each case as and to the extent set forth therein. For the avoidance of doubt, notwithstanding anything herein or in any other Loan Document to the contrary, neither the Parent Guarantor nor any other Loan Party makes any representation or warranty (other than any representation or warranty expressly made in such Loan Document) as to (a) the effects of perfection or non-perfection, the priority or the enforceability of any pledge of or security interest in any Capital Stock of any Subsidiary, or as to the rights and remedies of any Collateral Agent, the Administrative Agent or any Lender with respect thereto, under foreign law (except applicable law of any Obligor Jurisdiction), (b) the enforcement of any security interest or right or remedy with respect to any Collateral that may be limited or restricted by, or require any consent, authorization, approval or license under, any applicable law, (c) on the Availability Date and until required pursuant to <u>Section 5.15</u>, the pledge or creation of any security interest, or the effects of perfection or non-perfection, the priority or enforceability of any pledge or security interest to the extent the same is not required on the Availability Date pursuant to <u>Section 4.02</u> or (d) any Excluded Asset.

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SECTION 3.17. <u>Affected Financial Institutions</u>. No Loan Party is an Affected Financial Institution.

SECTION 3.18. <u>Centre of Main Interest</u>. For purposes of EU Insolvency Regulation, each of the Loan Parties that is organized under the laws of a country that is a member of the European Union has its centre of main interests (as that term is used in Article 3(1) of EU Insolvency Regulation) situated in its jurisdiction of incorporation and has no "establishment" (as that term is used in Article 2(1) of EU Insolvency Regulation) in any other jurisdiction.

ARTICLE 4

CONDITIONS

SECTION 4.01. <u>Conditions Precedent to Effectiveness</u>. This Agreement shall not become effective until the date on which each of the following conditions is satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Administrative Agent shall have signed a counterpart of this Agreement, and the Administrative Agent shall have received from the Parent Guarantor, the Revolving Credit Borrowers, the Term Loan Borrowers, the Foreign Collateral Agent and each Lender a counterpart of this Agreement signed by each such Person (which, subject to <u>Section 9.07(b)</u>, may include any Electronic Signatures transmitted by email or other electronic means that reproduces an image of an actual executed signature page).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Form 10 shall have been publicly filed with the SEC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Administrative Agent, the Foreign Collateral Agent and the Arrangers shall have received all expenses required to be paid by the Parent Guarantor or the Borrowers for which invoices have been presented at least three Business Days prior to the Effective Date (including the reasonable fees and expenses of legal counsel for the Administrative Agent, the Foreign Collateral Agent and the Arrangers that are payable under the engagement letter entered into between the Arrangers and the Parent Guarantor with respect to the Credit Facilities).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) (i) No later than three Business Days in advance of the Effective Date, the Administrative Agent shall have received all documentation and other information reasonably requested in writing by the Administrative Agent or any Lender with respect to the Parent Guarantor or any Borrower at least ten (10) Business Days in advance of the Effective Date, which documentation or other information is required by U.S. regulatory authorities under applicable "know your customer" and anti-money laundering rules and regulations, including the USA PATRIOT Act and (ii) at least three days prior to the Effective Date, if the Parent Guarantor or any Borrower qualifies as a "legal entity customer" under the Beneficial Ownership Regulation, it shall deliver a Beneficial Ownership Certification.

For purposes of determining satisfaction of the conditions specified in this <u>Section 4.01</u>, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Administrative Agent or any Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objection thereto. The Administrative Agent shall notify the Parent Guarantor, the Borrowers and the Lenders of the Effective Date, and such notice shall be conclusive and binding.

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SECTION 4.02. <u>Conditions Precedent to Availability</u>. The obligations of each Lender to make Loans and any Issuing Bank to issue Letters of Credit shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with <u>Section 9.02</u>), it being understood that such obligations are also subject to the occurrence of the Effective Date and the conditions precedent set forth in <u>Section 4.03</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Spin-Off Transactions shall have been, or substantially concurrently with the occurrence of the Availability Date shall be, consummated (or the Parent Guarantor shall have certified that it reasonably expects that, no later than the fifth Business Day after the Availability Date, the Spin-Off Transactions shall be consummated), in each case, on terms and conditions consistent in all material respects with the Form 10, as most recently publicly filed with the SEC on or prior to the Effective Date<u>**March 6, 2026**</u> and as amended from time to time thereafter; <u>provided</u> that any such amendments on or after the Effective Date<u>**on March 6, 2026**</u> (other than any updates to the financial statements and other financial information contained therein to cover subsequent periods in accordance with the rules and regulations of the SEC) shall not, in the aggregate, be materially adverse to the interests of the Lenders in their capacity as such.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The business, activities, operations, assets and liabilities of the Parent Guarantor and its Subsidiaries as of the Availability Date shall, in each case, be consistent (or, if the Availability Date precedes the Spin-Off Effective Date, the Parent Guarantor shall have certified that they will, immediately after giving effect<u>**prior**</u> to the consummation of the Transactions,<u>**Spin-Off, they will**</u> be consistent) in all material respects with the Form 10, most recently publicly filed with the SEC on or prior to the Effective Date<u>**on March 6, 2026**</u> and as amended from time to time thereafter; <u>provided</u> that any such amendments on or after the Effective Date<u>**March 6, 2026**</u> (other than any updates to the financial statements and other financial information contained therein to cover subsequent periods in accordance with the rules and regulations of the SEC) shall not, in the aggregate, be materially adverse to the interests of the Lenders in their capacity as such.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) To the extent not<u>**Unless**</u> publicly filed with the SEC, the Administrative Agent shall have received copies of<u>**a copy of the Separation Agreement and, solely to the extent relating to**</u> the Spin-Off Agreements<u>**Related Distributions or the Spin-Off True-Up Payments, of any schedules referred to therein or any other Spin-Off Agreement**</u>, certified by a Responsible Officer of the Parent Guarantor as true and complete (or, if the Availability Date precedes the Spin-Off Effective Date, the Administrative Agent shall have received substantially final drafts of the <u>**Separation Agreement (and any such schedule or other**</u> Spin-Off Agreements<u>**Agreement)**</u>, with the Parent Guarantor hereby agreeing to provide final drafts thereof, so certified as true and complete, within five Business Days after the Availability Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Administrative Agent and, in the case of clause (ii) below, the applicable Collateral Agent shall have received from each Availability Date Loan Party (i) a counterpart of the Guarantee Agreement and (ii) a counterpart of each applicable Availability Date Collateral Document, in each case, signed by such Availability Date Loan Party (each of which, subject to <u>Section 9.07(b)</u>, may include any Electronic Signatures transmitted by email or other electronic means that reproduces an image of an actual executed signature page).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Administrative Agent and the Collateral Agents shall have received (i) a customary written opinion of Davis Polk & Wardwell LLP, in its capacity as special New York counsel to the Loan Parties, and (ii) other customary favorable written opinions of counsel to the Availability Date Loan Parties and/or of counsel to the Administrative Agent and Lenders, in each case, that are dated the Availability Date, addressed to the Administrative Agent, each applicable Collateral Agent, the Lenders and each Issuing Bank and are reasonably satisfactory to the Administrative Agent.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Administrative Agent shall have received a solvency certificate, in the form attached hereto as <u>Exhibit L</u>, dated as of the Availability Date from the chief financial officer <u>**or treasurer**</u> (or other officer with reasonably equivalent responsibilities) of the Parent Guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Administrative Agent shall have received, with respect to each Availability Date Loan Party, (i) a certificate of such Loan Party (or of the Parent Guarantor, on behalf of such Loan Party) dated the Availability Date and executed by a secretary, assistant secretary, director (or manager) or other Responsible Officer of such Loan Party (or of the Parent Guarantor, on behalf of such Loan Party), which shall, as to such Loan Party, (A) certify that attached thereto is a true and complete copy of the resolutions or written consents of its shareholders (<u>provided</u> that for purposes of the Parent Guarantor and any Luxembourg Loan Party, no such resolutions or written consents of its shareholders shall be required), supervisory board and/or its board of directors, board of managers, members or other governing body (in each case, as required in the relevant jurisdiction), authorizing the execution, delivery and performance of the Loan Documents to which it is to be a party and, in the case of the Borrowers, the borrowings hereunder, and that such resolutions or written consents have not been modified, rescinded or amended (other than as attached thereto) and are in full force and effect, (B) identify by name and title and bear and certify the signatures of (x) the officers, managers, directors or authorized signatories of such Loan Party authorized to sign the Loan Documents to which it is to be a party or (y) the individuals to whom such officers, managers, directors or authorized signatories of such Loan Party have granted powers of attorney to sign the Loan Documents to which such Loan Party is to be a party and (C) certify that (x) attached thereto is a true and complete copy of the Organizational Documents of such Loan Party, which have been certified to the extent customary in the relevant jurisdiction by the relevant authority of the jurisdiction of organization, incorporation or registration (as applicable) of such Loan Party and (y) such documents or agreements have not been amended (except as otherwise attached to such certificate and certified therein as being the only amendments thereto as of such date), (ii) a good standing (or equivalent) certificate (if applicable) as of a recent date for such Loan Party from the relevant authority of its jurisdiction of organization, incorporation or registration (as applicable) and (iii) such other documents and certifications as the Administrative Agent may reasonably request (including (A) with respect to any Polish Guarantor, (x) unless such Guarantor has only one shareholder, a copy of the list of shareholders (*lista wspólników or wypis z rejestru akcjonariuszy*) and (y) an information equivalent to a full extract from Polish National Court Registry (*informacja odpowiadająca odpisowy pełnemu z rejestru przedsiębiorców Krajowego Rejestru Sądowego*) and (B) with respect to a Swiss Guarantor, a certified excerpt of the relevant commercial register and a certified copy of its articles of association)<u>.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Administrative Agent shall have received a certificate of the Parent Guarantor, dated the Availability Date and executed by a Responsible Officer thereof, which shall certify the matters set forth in <u>Sections 4.02(a)</u>, <u>4.02(b)</u>, <u>4.03(b)</u> and <u>4.03(c)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Prior to or substantially concurrently with the funding of the Initial Term Loans hereunder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Administrative Agent, the Foreign Collateral Agent, the Arrangers and the Lenders shall have received all fees required to be paid by the Parent Guarantor or the Borrowers on the Availability Date pursuant to (x) the Fee Letter and the Foreign Collateral Agent Fee Letter and (y) the engagement letter or any other letter agreements entered into between the Administrative Agent, the Arrangers and the Parent Guarantor with respect to the Credit Facilities; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) (A) the Administrative Agent and the Arrangers shall have received all expenses required to be paid by the Parent Guarantor or the Borrowers for which invoices have been presented at least three Business Days prior to the Availability Date (including the reasonable fees and expenses of legal counsel for the Administrative Agent that are payable under the engagement letter entered into between the Arrangers and the Parent Guarantor with respect to the Credit Facilities), in each case on or before the Availability Date, which amounts may be offset against the proceeds of the Loans or may be paid from the proceeds of the Initial Term Loans and (B) the Foreign Collateral Agent shall have received all expenses required to be paid by the Parent Guarantor under the Foreign Collateral Agent Fee Letter (including the reasonable fees and expenses of legal counsel for the Foreign Collateral Agent), on or before the Availability Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) The Administrative Agent shall have received (x) results of customary lien searches with respect to the Availability Date Loan Parties and (y) a completed Perfection Certificate dated the Availability Date and signed by a Responsible Officer of the Parent Guarantor, together with all attachments contemplated thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Subject to the final paragraph of this <u>Section 4.02</u>, each notice, application, register or document (including any UCC financing statement or equivalent filings) required by any Availability Date Collateral Document or under applicable law to be delivered, filed, registered or recorded in order to create in favor of the applicable Collateral Agent, for the benefit of the Secured Parties, a perfected (or purported to be perfected) Lien on the Collateral required to be delivered pursuant to such Availability Date Collateral Document<u>**on the Availability Date**</u>, shall be delivered (to the extent required under the relevant Availability Date Collateral Document) and shall be in proper form for filing, registration or recordation as evidence of such perfection.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Subject to the final paragraph of this <u>Section 4.02</u>, the applicable Collateral Agent (or its bailee) shall have received the certificates or instruments representing or evidencing the pledged Collateral required to be delivered pursuant to any Availability Date Collateral Document, together with (to the extent required by the applicable Availability Date Collateral Documents) an undated stock power or similar instrument of transfer for each such certificate or instrument endorsed in blank by a duly authorized officer of the pledgor thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) The Parent Guarantor shall have delivered to the Administrative Agent a copy of <u>Schedules 3.15</u>**<u>(a), 3.15(b), 5.10</u>**, <u>5.15</u>, <u>6.01</u>, <u>6.02</u>, <u>6.03</u> and <u>6.08</u> and, in the case of <u>Schedule 5.15</u>, such Schedule shall be satisfactory to the Administrative Agent, and in the case of <u>Schedules 6.01</u>, <u>6.02</u>, <u>6.03</u> and <u>6.08</u>, such Schedules shall have been delivered at least five Business Days prior to the Availability Date and shall have been posted by the Administrative Agent for Lender review, and the Administrative Agent shall not have received, within three Business Days of the posting thereof, written notice of objection to any such Schedule from Lenders comprising the Required Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) The Parent Guarantor shall have delivered to the Administrative Agent a copy of each of <u>Exhibit B</u>, <u>C</u>, <u>D</u>, <u>E</u>, <u>F</u>, <u>G</u>, <u>H</u>, I, <u>J-1</u>, <u>J-2</u>, <u>J-3</u>, <u>K-1</u>, <u>K-2</u>, <u>K-3</u>, <u>K-4</u> and<u>**,**</u> <u>L</u> **<u>and M</u>**<u> </u>and, in the case of <u>Exhibits D</u>, <u>F</u>, <u>G</u> and I, such Exhibits shall have been delivered at least five Business Days prior to the Availability Date, and shall have been posted by the Administrative Agent for Lender review, and the Administrative Agent shall not have received, within three Business Days of the posting thereof, written notice of objection to any such Exhibit from Lenders comprising the Required Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) No later than three Business Days prior to the Availability Date, the Administrative Agent shall have received all documentation and other information reasonably requested in writing by the Administrative Agent or any Collateral Agent, with respect to any Loan Party at least ten Business Days in advance of the Availability Date, which documentation or other information is required by U.S. regulatory authorities under applicable "know your customer" and anti-money laundering rules and regulations, including the USA PATRIOT Act.

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For purposes of determining satisfaction of the conditions specified in this <u>Section 4.02</u>, each Lender that has funded any Loan hereunder on the Availability Date shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required under this <u>Section 4.02</u> to be consented to or approved by or acceptable or satisfactory to the Administrative Agent or any Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Availability Date specifying its objection thereto. The Administrative Agent shall notify the Parent Guarantor, the Borrowers and the Lenders of the Availability Date, and such notice shall be conclusive and binding.

Notwithstanding anything to the contrary contained in this Agreement or the other Loan Documents, the parties hereto acknowledge and agree that the delivery of any document or instrument, and the taking of any action, set forth on <u>Schedule 5.15</u> shall not be a condition precedent to the Availability Date but shall be required to be satisfied after the Availability Date in accordance with <u>Section 5.15</u>.

SECTION 4.03. <u>Each Credit Extension</u>. The obligation of each Lender and each Issuing Bank to make a Credit Extension (other than any Credit Extension (excluding any Credit Extension under the Initial Revolving Facility) under any Incremental Facility Amendment, Refinancing Amendment and/or Extension Amendment, in each case to the extent not otherwise required by the Lenders in respect thereof) is further subject to the satisfaction of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i) In the case of a Borrowing, the Administrative Agent shall have received a Borrowing Request as required by <u>Section 2.03</u> and (ii) in the case of any Credit Extension with respect to a Letter of Credit, the applicable Issuing Bank and the Administrative Agent shall have received a notice requesting the same as required by <u>Section 2.05(b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The representations and warranties of the Loan Parties set forth in this Agreement and the other Loan Documents shall be true and correct in all material respects (in all respects if any such representation or warranty is already qualified by materiality) on and as of the date of any such Credit Extension with the same effect as though such representations and warranties had been made on and as of the date of such Credit Extension; <u>provided</u> that to the extent that any representation and warranty specifically refers to a given date or period, it shall be true and correct in all material respects (in all respects if any such representation or warranty is already qualified by materiality) as of such date or for such period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) At the time of and immediately after giving effect to the applicable Credit Extension, no Default or Event of Default shall have occurred and be continuing.

Each Credit Extension shall be deemed to constitute a representation and warranty by the Borrowers on the date thereof as to the matters specified in <u>paragraphs (b)</u> and <u>(c)</u> of this Section.

ARTICLE 5

AFFIRMATIVE COVENANTS

From the Availability Date and until the Termination Date has occurred, the Parent Guarantor hereby covenants and agrees with the Lenders that:

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SECTION 5.01. <u>Financial Statements and Other Information</u>. The Parent Guarantor will furnish to the Administrative Agent for distribution to the Lenders:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) within ninety (90) days (or to the extent that the SEC grants an extension of such period, such longer period as may be extended by the SEC, not to exceed one hundred and five (105) days) after the end of each Fiscal Year**,** <u>**(commencing with the Fiscal Year ending December 31, 2026),**</u> the audited consolidated balance sheet of the Parent Guarantor and its consolidated Subsidiaries and related audited consolidated statements of operations, stockholders' equity and cash flows of the Parent Guarantor and its consolidated Subsidiaries as of the end of and for such Fiscal Year, setting forth in each case in comparative form the figures for the previous Fiscal Year (it being understood that with respect to any such previous Fiscal Year that shall have commenced prior to the Spin-Off Effective Date, such figures may include the predecessor entity), all reported on by Ernst & Young LLP or other independent registered public accounting firm of recognized national standing (without a "going concern" or like qualification or exception (except for any such qualification or exception pertaining to (x) the maturity (or impending maturity) of any Indebtedness or (y) any breach or anticipated breach of any financial covenant) and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Parent Guarantor and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) within forty-five (45) days (or to the extent that the SEC grants an extension of such period, such longer period as may be extended by the SEC, not to exceed sixty (60) days) after the end of each of the first three Fiscal Quarters of each Fiscal Year (commencing with the Fiscal Quarter ending March 31, 2026), the unaudited consolidated balance sheet of the Parent Guarantor and its consolidated Subsidiaries and related unaudited consolidated statements of operations and cash flows of the Parent Guarantor and its consolidated Subsidiaries as of the end of and for such Fiscal Quarter and the then elapsed portion of the Fiscal Year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous Fiscal Year (it being understood that with respect to any such corresponding period that shall have commenced prior to the Spin-Off Effective Date, such figures may include the predecessor entity), all certified by a Responsible Officer of the Parent Guarantor as presenting fairly, in all material respects, the financial position and results of operations and cash flows of the Parent Guarantor and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP, subject to normal year-end audit adjustments and the absence of footnotes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) within five Business Days after any delivery of financial statements under <u>Section 5.01(a)</u> or <u>5.01(b)</u>, a completed Compliance Certificate executed by a Responsible Officer of the Parent Guarantor (i) certifying as to whether, to the knowledge of such Responsible Officer after reasonable inquiry, a Default or an Event of Default has occurred and is continuing and, if so, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) <u>**commencing with the first full Fiscal Quarter ending after the Availability Date,**</u> setting forth reasonably detailed calculations demonstrating compliance with <u>Section 6.10</u> as of the last day of or for the most recently ended Test Period, (iii) setting forth a summary (which may be in the form of consolidating financial statements or a footnote form) of the pro forma adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated financial statements and (iv) in the case of any Compliance Certificate relating to the financial statements delivered under <u>Section 5.01(a)</u> with respect to any Fiscal Year (commencing with the Fiscal Year ending December 31, 2026), setting forth each Material Jurisdiction as of the last day of such Fiscal Year, together with the applicable percentage of the Consolidated Total Assets attributable to such Material Jurisdiction;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>within five Business Days after any delivery of financial statements under Section 5.01(a), a completed Perfection Certificate Supplement, executed by a Responsible Officer of the Parent Guarantor;</u>

(d<u>**e**</u>) promptly after the same become publicly available, copies of all annual, quarterly and current reports and proxy statements filed by the Parent Guarantor or any Restricted Subsidiary with the SEC; and

(e **<u>f</u>**) promptly following any request therefor, such other information regarding the operations, business affairs and financial condition of the Parent Guarantor or any Restricted Subsidiary, or compliance with the terms of this Agreement or the other Loan Documents, as the Administrative Agent or any Lender (through the Administrative Agent) may reasonably request; <u>provided</u>, <u>however</u>, that neither the Parent Guarantor nor any Restricted Subsidiary shall be required to disclose or provide any information (i) that constitutes non-financial trade secrets or non-financial proprietary information of the Parent Guarantor or any of its Subsidiaries or any of their respective customers and/or suppliers, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or any of their respective representatives) is prohibited by any applicable law, (iii) that is subject to attorney-client or similar privilege or constitutes attorney work product or (iv) in respect of which the Parent Guarantor or any Subsidiary owes confidentiality obligations to any third party (<u>provided</u> such confidentiality obligations were not entered into solely in contemplation of the requirements of this <u>Section 5.01(</u>e**<u>f</u>**)); <u>provided</u>, <u>further</u>, that in the event the Parent Guarantor does not provide any certificate, report or information requested pursuant to this <u>Section 5.01(</u>e**<u>f</u>**) in reliance on the preceding proviso, the Parent Guarantor shall provide notice to the Administrative Agent that such certificate, report or information is being withheld and the Parent Guarantor shall use commercially reasonable efforts to describe, to the extent both feasible and permitted under applicable law or confidentiality obligations, or without waiving such privilege, as applicable, the applicable certificate, report or information.

Financial statements and other information required to be delivered pursuant to <u>Sections 5.01(a)</u>, <u>5.01(b)</u> and <u>5.01(</u>d<u>**e**</u>) shall be deemed to have been delivered if such statements and information shall have been publicly posted by the Parent Guarantor on its website or shall have been posted on the Approved Electronic Platform or are publicly available on the SEC's website pursuant to the EDGAR system. The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Parent Guarantor with any such request by a Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

The Parent Guarantor and each Borrower hereby acknowledge that (a) the Administrative Agent and/or the Arrangers may, but shall not be obligated to, make available to the Lenders and the Issuing Banks materials and/or information provided by or on behalf of the Parent Guarantor or any Loan Party under the Loan Documents (collectively, "**Borrower Materials**") by posting the Borrower Materials on an Approved Electronic Platform and (b) certain of the Lenders (each, a "**Public Lender**") may have personnel who do not wish to receive MNPI and who may be engaged in investment and other market-related activities with respect to securities of the Parent Guarantor or any Subsidiary. The Parent Guarantor hereby agrees that, at any time any Term B Loans shall be outstanding or Term Loan B Commitments shall be in effect, (i) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked "PUBLIC", which, at a minimum, shall mean that the word "PUBLIC" shall appear prominently on the first page thereof, (ii) by marking any Borrower Materials "PUBLIC," the Parent Guarantor shall be deemed to have authorized the Administrative Agent, the Collateral Agents, the Arrangers, the Issuing Banks and the Lenders to treat such Borrower Materials as not containing any MNPI (<u>provided</u>, <u>however</u>, that to the extent such Borrower Materials constitute **<u>Confidential</u>** Information, they shall be treated as set forth in <u>Section 9.13</u>), (iii) all Borrower Materials

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marked "PUBLIC" are permitted to be made available through a portion of the Approved Electronic Platform designated "Public Investor" and (iv) the Administrative Agent, the Collateral Agents, and the Arrangers shall be entitled to treat any Borrower Materials that are not marked "PUBLIC" as being suitable only for posting on a portion of the Approved Electronic Platform not designated "Public Investor." Notwithstanding the foregoing, the Parent Guarantor shall be under no obligation to mark any Borrower Materials "PUBLIC".

SECTION 5.02. <u>Notices of Material Events</u>. The Administrative Borrower will furnish to the Administrative Agent (for prompt notification to each Lender) prompt (but in any event within five (5) Business Days) written notice after any Responsible Officer of any Loan Party obtains knowledge of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the occurrence of any Default or Event of Default;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting the Parent Guarantor, any Restricted Subsidiary or any Affiliate thereof that could reasonably be expected to result in a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the occurrence of any event or development that has caused or evidences, or would reasonably be expected to cause or evidence, either individually or in the aggregate, a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred, could reasonably be expected to result in a Material Adverse Effect.

Each notice delivered under this <u>Section 5.02</u> shall be accompanied by a statement of a Responsible Officer or other executive officer of the Administrative Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto.

SECTION 5.03. <u>Existence; Conduct of Business</u>. The Parent Guarantor will, and will cause each of the Restricted Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect (a) its legal existence and (b) the rights, licenses, permits, privileges and franchises material to the conduct of its business, except, in the case of <u>clause (a)</u> (other than as to the Parent Guarantor or any Borrower) or <u>clause (b)</u> above, to the extent that the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect; <u>provided</u> that the foregoing shall not prohibit any transaction permitted under <u>Section 6.06</u>.

SECTION 5.04. <u>Payment of Taxes</u>. Except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, the Parent Guarantor will, and will cause each of its Restricted Subsidiaries to, pay all of its Taxes (including Taxes imposed upon it or any of its properties or assets or in respect of any of its income, businesses or franchises) before any penalty or fine accrues thereon; <u>provided</u> that no such Tax or claim need be paid if it is being contested in good faith by appropriate proceedings, so long as adequate reserves or other appropriate provision, if any, as shall be required in conformity with GAAP shall have been made therefor.

SECTION 5.05. <u>Maintenance of Properties; Insurance</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Parent Guarantor will, and will cause each of its Restricted Subsidiaries to, keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted and casualty or condemnation excepted, except if the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.**<u>(b)</u>**

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except where the failure to do so would not reasonably be expected to have a Material Adverse Effect, the Parent Guarantor will, and will cause each of its Restricted Subsidiaries to, maintain, with financially sound and reputable insurance companies or through self-insurance, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations. Each such policy of liability, property and casualty and business interruption insurance maintained by or on behalf of the Loan Parties (beginning on the date that is 60 days after the Availability Date or, in the case of any such policy of insurance maintained by any Restricted Subsidiary that becomes a Loan Party after the Availability Date, the date that is 60 days after the date it becomes a Loan Party) (or, in the case of any such policy, on such later date as the Administrative Agent may agree to in writing) shall (i) in the case of each liability policy (other than workers' compensation, director and officer liability or other policies in which such endorsements are not customary), name the Administrative Agent and the Collateral Agents, on behalf of the Secured Parties, an additional insured thereunder, (b<u>**ii**</u>) in the case of each casualty and business interruption insurance policy, contain a lender's loss payable clause or endorsement that names the Administrative Agent (or, if so designated by the Administrative Agent, a Collateral Agent), on behalf of the Secured Parties, as the lender loss payee thereunder and (c<u>**iii**</u>) to the extent available from the relevant insurance carrier after submission of a request by the applicable Loan Party to obtain the same, provide for at least 30 days' (or 10 days' in the case of cancellation for failure to pay premiums) (or such shorter number of days as may be agreed to by the Administrative Agent) prior written notice to the Administrative Agent and the applicable Collateral Agent of any cancellation of such policy; <u>provided</u> that, without limiting the Collateral and Guarantee Requirement, the requirements of <u>clauses (i)</u>, <u>(ii)</u> and <u>(iii)</u> need not be satisfied with respect to any insurance policy maintained by any Foreign Loan Party.

SECTION 5.06. <u>Inspection Rights</u>. The Parent Guarantor will, and will cause each of its Restricted Subsidiaries to, permit any representatives designated by the Administrative Agent or, during the continuance of an Event of Default, any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and use commercially reasonable efforts to make its independent accountants available to discuss the affairs, finances and condition of the Parent Guarantor and its Restricted Subsidiaries, all at such reasonable times and as often as reasonably requested and in all cases subject to applicable law and the terms of applicable confidentiality agreements; <u>provided</u> that (i) the Lenders will conduct such requests for visits and inspections through the Administrative Agent and (ii) unless an Event of Default has occurred and is continuing, such visits and inspections can occur no more frequently than once per year and the costs and expenses of only one such visit or inspection per year shall be required to be reimbursed by the Loan Parties pursuant to <u>Section 9.03</u>. Notwithstanding the foregoing, neither the Parent Guarantor nor any Restricted Subsidiary shall be required to disclose, permit the inspection, examination or making of copies of or taking abstracts from, or discuss any document, information or other matter (i) that constitutes non-financial trade secrets or non-financial proprietary information of the Parent Guarantor and its Subsidiaries and/or any of its customers and/or suppliers, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or any of their respective representatives or contractors) is prohibited by applicable law, (iii) that is subject to attorney-client or similar privilege or constitutes attorney work product or (iv) in respect of which the Parent Guarantor or any Subsidiary owes confidentiality obligations to any third party (<u>provided</u> such confidentiality obligations were not entered into solely in contemplation of the requirements of this <u>Section 5.06</u>); <u>provided</u>, that in the event any of the circumstances described in this sentence exist, the Parent Guarantor shall provide notice to the Administrative Agent thereof and shall use commercially reasonable efforts to describe, to the extent both feasible and permitted under applicable law or confidentiality obligations, or without waiving such privilege, as applicable, the applicable document, information or other matter.

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SECTION 5.07. <u>Books and Records</u>. The Parent Guarantor will, and will cause its Restricted Subsidiaries to, maintain proper books of record and account containing entries of all material financial transactions and matters involving the assets and business of the Parent Guarantor and its Restricted Subsidiaries that are full, true and correct in all material respects and permit the preparation of consolidated financial statements in accordance with GAAP.

SECTION 5.08. <u>Compliance with Laws</u>. The Parent Guarantor will, and will cause each of its Restricted Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property (including without limitation Environmental Laws), in each case except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

SECTION 5.09. <u>Use of Proceeds and Letters of Credit</u>. The Revolving Credit Borrowers shall use the proceeds of the Revolving Loans to finance the working capital needs and other general corporate purposes of the Parent Guarantor and its Restricted Subsidiaries (including for Transaction Costs). The Term Loan Borrowers shall use the proceeds of the Initial Term Loans (i) to finance the Pre-Spin Dividend<u>**Spin-Off Related Distributions**</u> and (ii) to the extent there are any remaining proceeds, for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that would entail a violation of Regulation U or X. No Borrower shall use, and the Parent Guarantor shall procure that it and its Subsidiaries and its or their respective directors, officers, employees and agents do not use, the proceeds of any Borrowing or Letter of Credit (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with Sanctions, or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto. The applicable Borrowers shall use the proceeds of any Additional Loans for the purposes set forth in the applicable Incremental Facility Amendment, Refinancing Amendment or Extension Amendment.

SECTION 5.10. <u>Unrestricted Subsidiaries</u>. The Parent Guarantor may, at any time after the later of the Availability Date and the Spin-Off Effective Date, designate (or re-designate) any Subsidiary (other than any Borrower or any Subsidiary that, directly or indirectly, owns any Capital Stock of any Borrower) as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; <u>provided</u> that (a) as of the date of designation (or re-designation) of any Subsidiary as an Unrestricted Subsidiary and after giving pro forma effect thereto (including after giving effect to the reclassification of Investments in, Indebtedness of and Liens on the assets of, the applicable Restricted Subsidiary or Unrestricted Subsidiary), (i) no Event of Default shall have occurred and be continuing and (ii) the Parent Guarantor shall be in compliance with the Financial Covenants, calculated as of the last day of or for the Test Period then most recently ended, (b) no Unrestricted Subsidiary (including any Unrestricted Subsidiary set forth on <u>Schedule 5.10</u>) shall own any Capital Stock in any Restricted Subsidiary (unless such Restricted Subsidiary is also designated as an Unrestricted Subsidiary simultaneously with the aforementioned designation in accordance with the terms of this <u>Section 5.10</u>) or hold any Indebtedness of or any Lien on any property of the Parent Guarantor or its Restricted Subsidiaries and (c) no Subsidiary that owns (or is the exclusive licensee of) any Material Intellectual Property may be designated as an Unrestricted Subsidiary. The designation of any Subsidiary as an Unrestricted Subsidiary shall constitute an Investment by the Parent Guarantor therein at the date of designation in an amount equal to the portion of the fair market value of the net assets of such Subsidiary attributable to

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the Parent Guarantor's direct or indirect equity interest therein as estimated by the Parent Guarantor in good faith (and such designation shall only be permitted to the extent such Investment is permitted under <u>Section 6.05</u>); <u>provided</u> that if any subsidiary (a "**Subject Subsidiary**") being designated as an Unrestricted Subsidiary has a subsidiary that was previously designated as an Unrestricted Subsidiary (the "**Previously Designated Unrestricted Subsidiary**") in compliance with the provisions of this Agreement, the Investment of such Subject Subsidiary in such Previously Designated Unrestricted Subsidiary shall not be taken into account, and shall be excluded, in determining whether such Subject Subsidiary may be designated as an Unrestricted Subsidiary hereunder. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the making, incurrence or granting, as applicable, at the time of designation of any then-existing Investment, Indebtedness or Lien, as applicable, of such Subsidiary; <u>provided</u> that upon a re-designation of any Unrestricted Subsidiary as a Restricted Subsidiary, the Parent Guarantor shall be deemed to continue to have an Investment in the resulting Restricted Subsidiary (which Investment shall be treated as an Investment in an Unrestricted Subsidiary) in an amount (if positive) equal to (a) the Parent Guarantor's "Investment" in such Restricted Subsidiary at the time of such re-designation less (b) the portion of the fair market value of the net assets of such Restricted Subsidiary attributable to the Parent Guarantor's equity therein at the time of such re-designation.

SECTION 5.11. <u>Information Regarding Collateral</u>. Without limiting the express terms of any applicable Collateral Document, the Parent Guarantor will furnish to the Administrative Agent and the applicable Collateral Agent, promptly after the relevant change (and, in any event, within 60 days of the relevant change or such later date as the Administrative Agent may agree), written notice of any change in (a) any Loan Party's legal name, (b) any Loan Party's type of organization, (c) any Loan Party's jurisdiction of organization, incorporation or registration (or other applicable "location" for purposes of the UCC) or (d) any Loan Party's organizational, incorporation or registration identification number, in the case of this <u>clause (d)</u>, to the extent such information is necessary to perfect, protect or maintain the perfection and priority of the applicable Collateral Agent's security interest in the Collateral of the relevant Loan Party for the benefit of the Secured Parties.

SECTION 5.12. <u>Covenant to Guarantee Loan Document Obligations and Give Security</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Within 120 days (or such longer period as the Administrative Agent may reasonably agree) after the acquisition by any Loan Party of any Material Real Estate Asset (other than any Excluded Asset), the Parent Guarantor shall cause such Loan Party to comply with the requirements set forth in <u>clause (g)</u> of the definition of "Collateral and Guarantee Requirement"; it being understood and agreed that, with respect to any Material Real Estate Asset (other than any Excluded Asset) owned by any Restricted Subsidiary at the time such Restricted Subsidiary is required to become a Loan Party hereunder, such Material Real Estate Asset shall be deemed to have been acquired by such Restricted Subsidiary on the first day of the time period within which such Restricted Subsidiary is required to become a Loan Party hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event that any jurisdiction not previously an Obligor Jurisdiction becomes a Material Jurisdiction, then, within 120 days after the delivery of the Compliance Certificate pursuant to <u>Section 5.01(c)</u> identifying such jurisdiction as a Material Jurisdiction (or such longer period as the Administrative Agent may reasonably agree), the Parent Guarantor shall cause the Collateral and Guarantee Requirement (other than <u>clause (g)</u> thereof) to be satisfied with respect to each Restricted Subsidiary (other than an Excluded Subsidiary) organized under the laws of such jurisdiction, including with respect to any Capital Stock in such Restricted Subsidiary owned by any other Loan Party; <u>provided</u> that if the Collateral and Guarantee Requirement is required to be satisfied with respect to any Restricted Subsidiary both under this <u>paragraph (b)</u> and under <u>paragraph (c)</u> below, the longer of the periods specified in this <u>paragraph (b)</u> and in <u>paragraph (c)</u> below shall apply.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon (i) the formation or acquisition after the Availability Date of any Restricted Subsidiary, (ii) the designation of any Unrestricted Subsidiary as a Restricted Subsidiary or (iii) any Restricted Subsidiary that was an Excluded Subsidiary ceasing to be an Excluded Subsidiary, on or before the later of (x) the date on which the Compliance Certificate with respect to the Fiscal Quarter in which such event occurs (or with respect to the Fiscal Year ending with such Fiscal Quarter) is required to be delivered pursuant to <u>Section 5.01(c)</u> and (y) 60 days after the date on which such event occurs (or, in the case of each of <u>clauses (x)</u> and <u>(y)</u>, such longer period as the Administrative Agent may reasonably agree), the Parent Guarantor shall notify the Administrative Agent thereof and cause the Collateral and Guarantee Requirement (other than <u>clause (g)</u> thereof) to be satisfied with respect to such Restricted Subsidiary (other than an Excluded Subsidiary) and with respect to any Capital Stock of such Restricted Subsidiary owned by any Loan Party; <u>provided</u> that if the Collateral and Guarantee Requirement is required to be satisfied with respect to any Restricted Subsidiary both under this <u>paragraph (c)</u> and under <u>paragraph (b)</u> above, the longer of the periods specified in this <u>paragraph (c)</u> and in <u>paragraph (b)</u> above shall apply<u>**; provided further that nothing in this paragraph (c) shall be construed to modify the obligations of the Parent Guarantor and the Restricted Subsidiaries under Section 5.15**</u>.

Notwithstanding anything to the contrary herein or in any other Loan Document, (i) the Administrative Agent may grant extensions of time (including after the expiration of any relevant period, which shall apply retroactively) for the creation and perfection of security interests in, or obtaining of title insurance, legal opinions, surveys or other deliverables with respect to, particular assets or the provision of any Loan Guarantee by any Restricted Subsidiary, and each Lender hereby consents to any such extension of time, (ii) any Lien required to be granted from time to time pursuant to the definition of "Collateral and Guarantee Requirement" shall be subject to the exceptions and limitations set forth in the Collateral Documents and, to the extent applicable, the Agreed Security Principles, (iii) perfection by control shall not be required with respect to assets requiring perfection through control agreements or other control arrangements, including deposit accounts, securities accounts and commodities accounts (other than (A) control of pledged Capital Stock and/or Material Debt Instruments, in each case, that constitute Collateral, (B) control with respect to the LC Collateral Account as set forth in <u>Section 2.05(j)</u>, (C) control of deposit accounts, securities accounts and commodities accounts, in each case, that constitute Collateral and are located in jurisdictions (other than the United States) where such control is customary for secured lending transactions (subject to the Agreed Security Principles) and (D) other than in the case of the Domestic Loan Parties, delivery of notices to account debtors or other contractual third parties, in each case, with respect to Collateral where such notices are customary for secured lending transactions (subject to the Agreed Security Principles)**<u>)</u>**, (iv) no Loan Party shall be required to seek any landlord waiver, bailee letter, estoppel, warehouseman waiver or other collateral access or similar letter or agreement, (v) no Loan Party will be required to (1) take any action to grant (except as part of a "blanket lien" security interest) or perfect any security interest in any asset located outside of its jurisdiction of organization (other than with respect to **<u>(x)</u>**<u> </u>Capital Stock in an Obligor Jurisdiction**<u>, (y) IP Rights in the United States and (z)</u>** <u>deposit accounts or securities accounts</u> **<u>in an Obligor Jurisdiction or in England</u> <u>and Wales</u>**), (2) execute any Collateral Document governed under laws other than the laws of its jurisdiction of organization, incorporation or registration (as applicable) (other than with respect to **<u>(x)</u>** Capital Stock in an Obligor Jurisdiction**<u>, (y) IP Rights in the United States and (z) deposit accounts or securities accounts in an Obligor Jurisdiction or in England and Wales</u>**) or (3) make any intellectual property filing or conduct any intellectual property search in, or prepare any schedule with respect to any assets of such Loan Party located, outside its jurisdiction of organization, incorporation or registration (as applicable) (other than, upon the occurrence of an Event of Default and at the request of the Administrative Agent, **<u>(x) IP Rights in the United States and (y)</u>** solely with respect to Material Intellectual Property, any European Union level intellectual property filings) or enter into any source

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code escrow arrangement or register any intellectual property, (vi) in no event will the Collateral include any Excluded Assets (unless the relevant Loan Party shall agree in its sole discretion to pledge such asset in favor of the Secured Parties), (vii) no action shall be required to perfect any Lien with respect to (x) any vehicle or other asset subject to a certificate of title or similar rights and/or (y) Letter-of-Credit Rights, in each case to the extent that a security interest therein cannot be perfected by filing a financing statement under the UCC (or similar filings in foreign jurisdictions) without the requirement to list any VIN, serial or other number and (viii) neither the Administrative Agent nor the Collateral Agents shall require the taking of a Lien on, or require the perfection of any Lien granted in, those assets as to which the cost, burden, difficulty or consequence (including any effect on the ability of the relevant Loan Party to conduct its operations and business in the ordinary course of business) of obtaining or perfecting such Lien (including any mortgage, stamp, intangibles or other tax or expenses relating to such Lien) outweighs the benefit to the Lenders of the security afforded thereby, as determined in good faith by the Parent Guarantor and the Administrative Agent.

Additionally, (i) no action shall be required to create or perfect a Lien in any Excluded Asset, (ii) no Loan Party shall be required to create or perfect a security interest in any asset to the extent the creation or perfection of a security interest in such asset would (A) be prohibited under any applicable law, after giving effect to any applicable anti-assignment provision of the UCC or other applicable law and other than proceeds thereof to the extent that the assignment of such proceeds is effective under the UCC or other applicable law notwithstanding such prohibiting law and/or (B) require any governmental consent, approval, license or authorization (unless such consent, approval, license or authorization has been obtained), after giving effect to any applicable anti-assignment provision of the UCC or other applicable law and other than proceeds thereof to the extent that the assignment of such proceeds is effective under the UCC or other applicable law notwithstanding such consent or restriction, (iii) any joinder or supplement to any Collateral Document executed by any Restricted Subsidiary that is required to become a Loan Party pursuant to <u>Section 5.12(b)</u> or <u>5.12(c)</u> may, with the consent of the Administrative Agent (not to be unreasonably withheld or delayed), include such schedules (or updates to schedules) as may be necessary to qualify any representation or warranty set forth in such Collateral Document to the extent necessary to ensure that such representation or warranty is true and correct to the extent required thereby or by the terms of any other Loan Document and (iv) (A) no Loan Party will be required to take any action required under the Federal Assignment of Claims Act or any similar law and (B) no Secured Party will be permitted to exercise any right of setoff in respect of any account maintained solely for the purpose of receiving and holding government receivables.

SECTION 5.13. <u>Further Assurances</u>. Promptly upon the reasonable request of the Administrative Agent or any Collateral Agent and at the expense of the relevant Loan Parties, and subject to the limitations described in <u>Section 5.12</u> or <u>5.15</u> (and only to the extent required pursuant to the Collateral and Guarantee Requirement and, where applicable pursuant to <u>Section 1.11</u>, subject to the Agreed Security Principles):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Parent Guarantor will, and will cause each other Loan Party to, execute any and all further documents, financing statements, financing change statements, agreements, instruments, certificates, notices and acknowledgments and take all such further actions (including the filing and recordation of financing statements, financing change statements, fixture filings, Mortgages and/or amendments thereto and other documents), that may be required under any applicable law or which the Administrative Agent or the applicable Collateral Agent may reasonably request to cause the Collateral and Guarantee Requirement to be and remain satisfied or to ensure the perfection and priority of the Liens created or intended to be created under the Collateral Documents; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Parent Guarantor will, and will cause each other Loan Party to, (i) correct any material defect or error that may be discovered in the execution, acknowledgment, filing or recordation of any Collateral Document or other document or instrument relating to any Collateral and (ii) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts (including notices to third parties), deeds, certificates, assurances and other instruments as the Administrative Agent or the applicable Collateral Agent may reasonably request from time to time in order to ensure the creation and perfection of the Liens created under the Collateral Documents.

SECTION 5.14. <u>Conduct of Business</u>. The Parent Guarantor and its Restricted Subsidiaries shall engage only in those material lines of business that consist of the businesses engaged (or proposed to be engaged) in by the Parent Guarantor or any Restricted Subsidiary on the Availability Date, reasonably related, similar, incidental, complementary, ancillary, corollary, synergistic or related businesses, and/or a reasonable extension, development or expansion of such businesses.

SECTION 5.15. <u>Post-Closing Actions</u>. The Parent Guarantor will take, or will cause the applicable Restricted Subsidiaries to take, the actions set forth on <u>Schedule 5.15</u> within the applicable time periods specified thereon (or by such later time as the Administrative Agent may reasonably agree).

**<u>SECTION 5.16. Excluded Cash Pooling Accounts. The Parent Guarantor will, and will</u> <u>cause the applicable Restricted Subsidiaries to, ensure that</u>** <u>the aggregate amount of assets credited</u> **<u>to the Excluded Cash Pooling Accounts</u>** <u>does not, at the close of business on any Business Day, exceed the greater of US$25,000,000 (or its equivalent in any other currency) and 3% of Consolidated Adjusted EBITDA for the most recently ended Test Period, except for any such excess that is eliminated within two Business Days.</u>

ARTICLE 6

NEGATIVE COVENANTS

From the Availability Date and until the Termination Date has occurred, the Parent Guarantor and the Borrowers covenant and agree with the Lenders that:

SECTION 6.01. <u>Indebtedness</u>. The Parent Guarantor shall not, nor shall it permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume or otherwise become or remain liable with respect to any Indebtedness, except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Indebtedness created under the Loan Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Indebtedness existing on the Availability Date and set forth in <u>Schedule 6.01</u> (other than Indebtedness under Permitted Receivables Facilities);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Indebtedness of the Parent Guarantor or any Restricted Subsidiary to the Parent Guarantor or any other Restricted Subsidiary; <u>provided</u> that (i) such Indebtedness shall not have been transferred to any Person other than the Parent Guarantor or any Restricted Subsidiary, (ii) any such Indebtedness owing by any Loan Party to any Restricted Subsidiary that is not a Loan Party shall be (from and after the 120th day after the Availability Date or, in the case of any Person that becomes a Restricted Subsidiary in connection with an acquisition or similar Investment after the Availability<u>**Spin-Off Effective**</u> Date, from and after the 60th day after the consummation of the relevant acquisition or Investment (or, in each case, such later date as the Administrative Agent may reasonably agree)) subordinated to the Obligations pursuant to the Intercompany Note, and (iii) in the case of any such Indebtedness of any Restricted Subsidiary that is not a Loan Party owing to a Loan Party, the related Investment is permitted under <u>Section 6.05</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Indebtedness incurred to finance the acquisition, construction, repair, replacement or improvement of any fixed or capital assets, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof; <u>provided</u> that (i) such Indebtedness is incurred prior to or within two hundred seventy (270) days after such acquisition or the completion of such construction, repair, replacement or improvement and (ii) the aggregate principal amount of Indebtedness permitted by this <u>clause (d)</u> shall not exceed the greater of US$260,000,000 and 30% of Consolidated Adjusted EBITDA for the most recently ended Test Period at any time outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Indebtedness in respect of workers compensation claims, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Indebtedness incurred pursuant to Permitted Receivables Facilities; <u>provided</u> that the Attributable Receivables Indebtedness thereunder shall not exceed the greater of US$300,000,000 and 35% of Consolidated Adjusted EBITDA for the most recently ended Test Period at any time outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Indebtedness under Hedge Agreements entered into in the ordinary course of business and not for speculative purposes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Indebtedness in respect of bid, performance, surety, stay, customs, appeal or replevin bonds or performance and completion guarantees and similar obligations issued or incurred in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Indebtedness in respect of judgments, decrees, attachments or awards that do not constitute an Event of Default under <u>Section 7.01(k)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Indebtedness consisting of bona fide purchase price adjustments, earn-outs, indemnification obligations, obligations under deferred compensation or similar arrangements and similar items incurred in connection with acquisitions, Investments and Dispositions permitted hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Indebtedness in the form of (x) Guarantees of loans and advances to officers, directors, consultants and employees of the Parent Guarantor or any Restricted Subsidiary, <u>provided</u> that the aggregate principal amount of loans and advances so Guaranteed shall not exceed the greater of US$15,000,000 and 1.75% of Consolidated Adjusted EBITDA for the most recently ended Test Period at any time outstanding, and (y) reimbursements owed to officers, directors, consultants and employees of the Parent Guarantor or any Restricted Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Indebtedness consisting of (x) the financing of insurance premiums with the providers of such insurance or their Affiliates or (y) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Indebtedness supported by a Letter of Credit, in a principal amount not to exceed the face amount of such Letter of Credit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) letters of credit denominated in foreign currencies in an aggregate face amount not to exceed the greater of US$85,000,000 and 10% of Consolidated Adjusted EBITDA for the most recently ended Test Period at any time outstanding;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Indebtedness of any Joint Venture or Indebtedness of the Parent Guarantor or any Restricted Subsidiary incurred on behalf of any Joint Venture, or any Guarantees by the Parent Guarantor or any Restricted Subsidiary of Indebtedness of any Joint Venture; <u>provided</u> that the aggregate amount of Indebtedness permitted by this <u>clause (o)</u> (in the case of any Guarantee of any Indebtedness of a Joint Venture, determined without duplication) shall not exceed the greater of US$260,000,000 and 30% of Consolidated Adjusted EBITDA for the most recently ended Test Period at any time outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) Indebtedness in respect of Permitted Treasury Arrangements and all other netting services, overdraft protections, treasury, depository, pooling and other cash management arrangements, and in connection with deposit accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) (i) Guarantees by the Parent Guarantor and/or any Restricted Subsidiary of the obligations of suppliers, customers, franchisees, licensees, sublicensees and cross-licensees in the ordinary course of business, (ii) Indebtedness incurred in the ordinary course of business in respect of obligations of the Parent Guarantor and/or any Restricted Subsidiary to pay the deferred purchase price of property or services or progress payments in connection with such property and services and (iii) Indebtedness in respect of letters of credit, bankers' acceptances, bank guaranties or similar instruments supporting trade payables, warehouse receipts or similar facilities entered into in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) Guarantees (including any co-issuance) by the Parent Guarantor and/or any Restricted Subsidiary of Indebtedness or other obligations of the Parent Guarantor and/or any Restricted Subsidiary with respect to Indebtedness otherwise permitted to be incurred pursuant to this <u>Section 6.01</u>; <u>provided</u> that in the case of any such Guarantee by any Loan Party of the obligations of any Restricted Subsidiary that is not a Loan Party, the related Investment is permitted under <u>Section 6.05</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) Indebtedness under the SpinCo<u>**Senior**</u> Unsecured Financing<u>**Notes**</u> ; <u>provided</u> that such Indebtedness shall be an obligation of a Loan Party and shall not be Guaranteed by any Person that is not a Loan Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) Indebtedness of Restricted Subsidiaries that are not Loan Parties in an aggregate principal amount at any time outstanding not to exceed the greater of US$215,000,000 and 25% of Consolidated Adjusted EBITDA for the most recently ended Test Period; <u>provided</u> that the aggregate principal amount of Indebtedness outstanding under this <u>clause (t)</u>, when taken together with the aggregate principal amount of Indebtedness of Restricted Subsidiaries that are not Loan Parties outstanding under <u>clause (bb)</u> below shall not exceed the greater of US$390,000,000 and 45% of Consolidated Adjusted EBITDA for the most recently ended Test Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) Indebtedness of the Parent Guarantor and/or any Restricted Subsidiary consisting of obligations owing under incentive, supply, license, sublicense or similar agreements entered into in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Indebtedness of the Parent Guarantor and/or any Restricted Subsidiary consisting of obligations to reacquire assets or inventory in connection with customer financing arrangements in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) Indebtedness of any Person that becomes (other than as a result of a redesignation of an Unrestricted Subsidiary) a Restricted Subsidiary (or of any Person not previously a Subsidiary that is merged or consolidated with or into the Parent Guarantor or a Restricted Subsidiary in a transaction permitted hereunder) after the Availability**<u>Spin-Off Effective</u>** Date, or Indebtedness of any Person that is assumed by the Parent Guarantor or any Restricted Subsidiary after the Availability**<u>Spin-Off Effective</u>**

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Date in connection with an acquisition of assets by the Parent Guarantor or such Restricted Subsidiary, in each case, in a transaction permitted hereunder, <u>provided</u> that (i) such Indebtedness exists at the time such Person becomes a Restricted Subsidiary (or is so merged, consolidated or amalgamated) or such assets are acquired and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary (or such merger, consolidation or amalgamation) or such acquisition of assets and (ii) immediately after giving effect to the Parent Guarantor or any Restricted Subsidiary becoming liable with respect to such Indebtedness (whether as a result of such Person becoming a Restricted Subsidiary (or such merger, consolidation or amalgamation) or such assumption) and all the related transactions, the Parent Guarantor shall be in compliance with the Financial Covenants on a Pro Forma Basis (calculated as of the last day of or for the Test Period then most recently ended and, in the case of any such Indebtedness assumed in connection with a Qualifying Acquisition, giving effect to any election to increase the Total Leverage Ratio applicable pursuant to <u>Section 6.10(a)</u> that the Parent Guarantor intends to make in accordance with the terms of such Section, it being understood that the Parent Guarantor shall then be obligated to make such election upon the consummation of such Qualifying Acquisition);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Indebtedness of any Restricted Subsidiary organized in China in an aggregate principal amount not to exceed the greater of US$500,000,000 and 60% of Consolidated Adjusted EBITDA for the most recently ended Test Period at any time outstanding; <u>provided</u> that such Indebtedness shall not be Guaranteed by the Parent Guarantor or any Restricted Subsidiary (other than any Restricted Subsidiary organized in China) except for Permitted Guarantees; <u>provided</u> <u>further</u>, that the Capital Stock in any Restricted Subsidiary organized in China may be pledged to secure such Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y) Indebtedness of any Restricted Subsidiary organized in India in an aggregate principal amount not to exceed the greater of US$50,000,000 and 6% of Consolidated Adjusted EBITDA for the most recently ended Test Period at any time outstanding; <u>provided</u> that such Indebtedness shall not be Guaranteed by the Parent Guarantor or any Restricted Subsidiary (other than any Restricted Subsidiary organized in India) except for Permitted Guarantees; <u>provided</u> <u>further</u>, that the Capital Stock in any Restricted Subsidiary organized in India may be pledged to secure such Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z) any Indebtedness extending, refinancing, refunding or replacing any Indebtedness permitted under <u>clauses (a)</u>, <u>(b)</u>, <u>(d)</u>, <u>(s)</u>, <u>(w)</u> and <u>(cc)</u> of this <u>Section 6.01</u> (and any Indebtedness extending, refinancing, refunding or replacing any prior Refinancing Indebtedness incurred in respect thereof) (each, "**Refinancing Indebtedness**"); <u>provided</u> that (i) the principal amount of such Refinancing Indebtedness does not exceed the principal amount of the Indebtedness being extended, refinanced, refunded or replaced, except by (A) an amount equal to unpaid accrued interest, penalties and premiums (including tender premiums) thereon plus underwriting discounts and other customary fees, commissions and expenses (including upfront fees, original issue discount or initial yield payments) incurred in connection with the relevant extension, refinancing, refunding or replacement and (B) additional amounts permitted to be incurred pursuant to this <u>Section 6.01</u> (<u>provided</u> that (1) any additional Indebtedness referred to in this <u>clause (B)</u> satisfies the other applicable requirements of this <u>Section 6.01(z)</u> (with additional amounts incurred in reliance on this <u>clause (B)</u> constituting a utilization of the relevant basket or exception pursuant to which such additional amount is permitted) and (2) if such additional Indebtedness is secured, the Liens securing such Indebtedness are permitted under <u>Section 6.02</u>), (ii) in the case of Refinancing Indebtedness with respect to <u>clauses (a)</u>, <u>(s)</u> and <u>(cc)</u> of this <u>Section 6.01</u> (other than customary bridge loans with a maturity date of no longer than one year), such Refinancing Indebtedness has (A) a scheduled final maturity on or later than (and, in the case of revolving Indebtedness, does not require mandatory commitment reductions, if any, prior to) the earlier of (x) the Latest Maturity Date at the time of the incurrence of such Refinancing Indebtedness and (y) the scheduled final maturity of the Indebtedness being extended, refinanced, refunded or replaced and (B) other than with respect to revolving Indebtedness, a Weighted Average Life to Maturity equal to or

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greater than (x) the Weighted Average Life to Maturity of the Indebtedness being extended, refinanced, refunded or replaced or (y) the Weighted Average Life to Maturity of the outstanding Term Loans at the time of the incurrence of such Refinancing Indebtedness, (iii) the incurrence thereof shall be without duplication of any amounts outstanding in reliance on the relevant clause of this <u>Section 6.01</u> pursuant to which the Indebtedness being extended, refinanced, refunded or replaced was incurred (i.e., the incurrence of such Refinancing Indebtedness shall not create availability under such relevant clause), (iv) in the case of Refinancing Indebtedness with respect to <u>clauses (a)</u>, <u>(s)</u> and <u>(cc)</u> of this <u>Section 6.01</u>, (A) such Refinancing Indebtedness is not an obligation of any Person that is not a Loan Party, (B) if the Indebtedness being extended, refinanced, refunded or replaced was unsecured, such Refinancing Indebtedness shall be unsecured (it being understood that secured Indebtedness may be refinanced with unsecured Indebtedness), (C) if such Refinancing Indebtedness is secured, it shall not be secured by any assets other than the Collateral and (D) if the Liens securing the Indebtedness being refinanced, refunded or replaced were contractually subordinated to the Liens on the Collateral securing the Credit Facilities, the Liens securing such Refinancing Indebtedness are subordinated to the Liens on the Collateral securing the Credit Facilities pursuant to an Acceptable Intercreditor Agreement (it being understood that if the Liens securing the Indebtedness being refinanced, refunded or replaced were pari passu with the Liens on the Collateral securing the Credit Facilities, the Liens securing such Refinancing Indebtedness may be pari passu with the Liens on the Collateral securing the Credit Facilities pursuant to an Acceptable Intercreditor Agreement) and (v) if the Indebtedness being extended, refinanced, refunded or replaced was contractually subordinated to the Loan Document Obligations in right of payment, such Refinancing Indebtedness is contractually subordinated to the Loan Document Obligations in right of payment either (x) on terms not materially less favorable, taken as a whole, to the Lenders than those applicable to the Indebtedness being extended, refinanced, refunded or replaced, taken as a whole (as determined by the Parent Guarantor in good faith) or (y) pursuant to an Acceptable Intercreditor Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa) endorsement of instruments or other payment items for collection or deposit in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb) Indebtedness of the Parent Guarantor and/or any Restricted Subsidiary in an aggregate principal amount at any time outstanding not to exceed the greater of US$345,000,000 and 40% of Consolidated Adjusted EBITDA for the most recently ended Test Period; <u>provided</u> that the aggregate principal amount of Indebtedness of Restricted Subsidiaries that are not Loan Parties outstanding under this <u>clause (bb)</u>, when taken together with the aggregate principal amount of Indebtedness of Restricted Subsidiaries that are not Loan Parties outstanding under <u>clause (t)</u> above shall not exceed the greater of US$390,000,000 and 45% of Consolidated Adjusted EBITDA for the most recently ended Test Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cc) Incremental Equivalent Debt; <u>provided</u> that no Event of Default shall exist immediately prior to or after giving effect to such Incremental Equivalent Debt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dd) Indebtedness of the Parent Guarantor and/or any Restricted Subsidiary representing deferred compensation to Permitted Payees in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ee) Indebtedness of the Parent Guarantor and/or any Restricted Subsidiary in respect of any letter of credit or bank guarantee issued in favor of any Issuing Bank to support any Defaulting Lender's participation in Letters of Credit issued hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ff) unfunded pension fund and other employee benefit plan obligations and liabilities incurred by the Parent Guarantor and/or any Restricted Subsidiary in the ordinary course of business to the extent that the unfunded amounts would not otherwise cause an Event of Default under <u>Section 7.01(l)</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(gg) customer deposits and advance payments received in the ordinary course of business from customers for goods and services purchased in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(hh) (i) Indebtedness in connection with bankers' acceptances, discounted bills of exchange or the discounting or factoring of receivables for credit management purposes, in each case incurred or undertaken in the ordinary course of business on arm's-length commercial terms and (ii) the incurrence of Indebtedness attributable to the exercise of appraisal rights or the settlement of any claims or actions (whether actual, contingent or potential) with respect to any acquisition (by merger, consolidation or amalgamation or otherwise) in accordance with the terms hereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>(ii)</u>** **<u>Indebtedness owed to Aptiv or any of its Subsidiaries (other than the Parent Guarantor and its Subsidiaries), provided that such Indebtedness is repaid, prepaid, redeemed or otherwise discharged no later than the consummation of the Spin-Off;</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>(jj)</u>** **<u>(x) to the extent constituting Indebtedness, the Spin-Off True-Up Payments and (y) Indebtedness among the Parent Guarantor and its Restricted Subsidiaries incurred in order to consummate the Spin-Off Transactions in accordance with the requirements of Sections 4.02(a) and 4.02(b); and</u>**

(ii<u>**kk**</u>) without duplication of any other Indebtedness, all premiums (if any), interest (including post-petition interest and payment in kind interest), accretion or amortization of original issue discount, fees, expenses and charges with respect to Indebtedness of the Parent Guarantor and/or any Restricted Subsidiary hereunder.

SECTION 6.02. <u>Liens</u>. The Parent Guarantor shall not, nor shall it permit any Restricted Subsidiary to, create, incur, assume or permit or suffer to exist any Lien on or with respect to any property of any kind owned by it, whether now owned or hereafter acquired, or any income or profits therefrom, except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Permitted Encumbrances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Liens created pursuant to the Loan Documents securing the Obligations (including on cash collateral required to be provided for Letters of Credit in accordance with the terms of this Agreement);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any Lien on any property of the Parent Guarantor or any Restricted Subsidiary existing on the Availability Date and set forth in <u>Schedule 6.02</u> and any modifications, replacements, renewals or extensions thereof; <u>provided</u> that (i) such Lien shall not apply to any other property of the Parent Guarantor or any Restricted Subsidiary other than (A) improvements and after-acquired property that is affixed or incorporated into the property covered by such Lien and (B) proceeds and products thereof and (ii) such Lien shall secure only those obligations which it secures on the Availability Date and any Refinancing Indebtedness in respect thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any Lien existing on any property prior to the acquisition thereof by the Parent Guarantor or any Restricted Subsidiary after the Availability<u>**Spin-Off Effective**</u> Date or existing on any property of any Person that becomes (other than as a result of a redesignation of an Unrestricted Subsidiary) a Restricted Subsidiary (or of any Person not previously a Subsidiary that is merged, consolidated or amalgamated with or into the Parent Guarantor or a Restricted Subsidiary in a transaction permitted

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hereunder) after the Availability**<u>Spin-Off Effective</u>** Date prior to the time such Person becomes a Restricted Subsidiary (or is so merged, consolidated or amalgamated); <u>provided</u> that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Restricted Subsidiary (or such merger, consolidation or amalgamation), as the case may be, (ii) such Lien shall not apply to any other property of the Parent Guarantor or any other Restricted Subsidiary (other than the proceeds or products thereof and other than improvements and after-acquired property that is affixed or incorporated into the property covered by such Lien) and (iii) such Lien shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Restricted Subsidiary (or such merger, consolidation or amalgamation), as the case may be, and Refinancing Indebtedness in respect thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Liens on fixed or capital assets acquired, constructed, repaired, replaced or improved by the Parent Guarantor or any Restricted Subsidiary; <u>provided</u> that (i) such Liens secure only Indebtedness outstanding under <u>Section 6.01(d)</u> and any Refinancing Indebtedness in respect thereof, (ii) the Indebtedness secured thereby does not exceed the cost of acquiring, constructing, repairing, replacing or improving such fixed or capital assets and (iii) such Liens shall not apply to any other property of the Parent Guarantor or any Restricted Subsidiary except for accessions to such property, property financed by such Indebtedness and the proceeds and products thereof; <u>provided</u> <u>further</u> that individual financings of equipment provided by one lender may be cross-collateralized to other financings of equipment provided by such lender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) rights of setoff and similar arrangements and Liens in favor of depository and securities intermediaries to secure obligations owed in respect of card obligations or any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds and fees and similar amounts related to bank accounts or securities accounts (including Liens securing letters of credit, bank guarantees or similar instruments supporting any of the foregoing);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Liens on Receivables and other Permitted Receivables Facility Assets securing Indebtedness arising under Permitted Receivables Facilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Liens (i) on "earnest money" or similar deposits or other cash advances in connection with acquisitions and other Investments or (ii) consisting of an agreement to Dispose of any property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) leases, licenses, subleases or sublicenses granted to others in the ordinary course of business which do not (i) interfere in any material respect with the business of the Parent Guarantor or any Restricted Subsidiary or (ii) secure any Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Liens (i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code on items in the course of collection and (ii) attaching to commodity trading accounts or other commodities brokerage accounts incurred in the ordinary course of business, including Liens encumbering reasonable customary initial deposits and margin deposits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Liens arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into by the Parent Guarantor or any Restricted Subsidiary in the ordinary course of business;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Liens deemed to exist in connection with investments in repurchase agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) rights of setoff relating to purchase orders and other agreements entered into with customers of the Parent Guarantor or any Restricted Subsidiary in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) ground leases in respect of real property on which facilities owned or leased by the Parent Guarantor or any of its Restricted Subsidiaries are located and other Liens affecting the interest of any landlord (and any underlying landlord) of any real property leased by the Parent Guarantor or any Restricted Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) Liens on equipment owned by the Parent Guarantor or any Restricted Subsidiary and located on the premises of any supplier and used in the ordinary course of business and not securing Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) Liens on any property of the Parent Guarantor and its Restricted Subsidiaries in favor of the Parent Guarantor or any of its Restricted Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) Liens securing Indebtedness under Hedge Agreements entered into in the ordinary course of business and not for speculative purposes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) Liens arising from UCC financing statement filings regarding leases and consignments entered into by the Parent Guarantor and its Restricted Subsidiaries in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) Liens securing Indebtedness permitted pursuant to <u>Section 6.01(z)</u> (solely with respect to the permitted extension, refinancing, refunding or replacement of Indebtedness permitted pursuant to <u>Sections 6.01(a)</u> and <u>6.01(cc)</u> or of any prior Refinancing Indebtedness incurred in respect thereof); <u>provided</u> that (i) such Liens shall not apply to any property other than the Collateral and (ii) the holders of such Indebtedness (or a representative thereof) shall be party to an Acceptable Intercreditor Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) Liens on assets and Capital Stock of Restricted Subsidiaries that are not Loan Parties (including Capital Stock owned by such Persons) securing Indebtedness or other obligations of Restricted Subsidiaries that are not Loan Parties permitted pursuant to <u>Section 6.01</u> (or not prohibited under this Agreement);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Liens securing Indebtedness incurred pursuant to <u>Section 6.01(cc)</u>; <u>provided</u> that (i) such Liens shall not apply to any property other than the Collateral and (ii) the holders of such Indebtedness (or a representative thereof) shall be party to an Acceptable Intercreditor Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) other Liens on assets securing Indebtedness or other obligations in an aggregate outstanding principal amount not to exceed the greater of US$345,000,000 and 40% of Consolidated Adjusted EBITDA for the most recently ended Test Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) (i) leases, licenses, subleases, sub-licenses or cross-licenses granted to others, (ii) assignments of IP Rights granted to a customer of the Parent Guarantor or any Restricted Subsidiary in the ordinary course of business which do not secure any Indebtedness or (iii) the rights reserved or vested in any Person (including any Governmental Authority) by the terms of any lease, sub-lease, license, sub-license, franchise, grant or permit held by the Parent Guarantor or any of the Restricted Subsidiaries or by a statutory provision, to terminate any such lease, sub-lease, license, sub-license, franchise, grant or permit, or to require annual or periodic payments as a condition to the continuance thereof;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y) Liens securing obligations in respect of letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments permitted under <u>Sections 6.01(q)(iii)</u> or <u>6.01(ee)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z) Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa) Liens on specific items of inventory or other goods and the proceeds thereof securing the relevant Person's obligations in respect of commercial letters of credit or banker's acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or goods;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb) (i) Liens on Capital Stock of Joint Ventures or Unrestricted Subsidiaries securing capital contributions to, or obligations of, such Persons and (ii) customary rights of first refusal and tag, drag and similar rights in joint venture agreements and agreements with respect to non-Wholly-Owned Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cc) (i) Liens on cash or Cash Equivalents arising in connection with the defeasance, discharge or redemption of Indebtedness and (ii) Liens on proceeds of any Indebtedness, and any related deposit of Cash or Cash Equivalents to cover interest, premium and fees with respect to such Indebtedness, to the extent and only for so long as such proceeds and related deposit are subject to an escrow or similar arrangement to secure such Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dd) undetermined or inchoate Liens, rights of distress and charges incidental to current operations that have not at such time been filed or exercised, or which relate to obligations not due or payable or, if due, the validity of such Liens are being contested in good faith by appropriate actions diligently conducted, if adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ee) with respect to any Foreign Subsidiary, Liens and privileges arising mandatorily under any applicable law; <u>provided</u> such Liens and privileges extend only to the assets or Capital Stock of such Foreign Subsidiary and do not secure Indebtedness for borrowed money;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ff) Liens that are customary in the business of the Parent Guarantor and its Restricted Subsidiaries and that do not secure Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(gg) security given to a public or private utility or any Governmental Authority as required in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(hh) receipt of progress payments and advances from customers in the ordinary course of business to the extent the same creates a Lien on the related inventory and proceeds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Liens granted pursuant to a security agreement between the Parent Guarantor or any Restricted Subsidiary and a licensee of IP Rights to secure the damages, if any, incurred by such licensee resulting from the rejection of the license of such licensee in a bankruptcy, reorganization or similar proceeding with respect to the Parent Guarantor or such Restricted Subsidiary;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(jj) Liens arising solely in connection with rights of dissenting equity holders pursuant to any applicable law in respect of any Permitted Acquisition or other similar Investment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(kk) Liens (other than Liens securing Indebtedness) disclosed in any Mortgage Policy delivered pursuant to <u>Section 5.12</u>, <u>5.13</u> or <u>5.15</u> with respect to any Material Real Estate Asset, and any replacement, extension or renewal of any such Lien; provided that no such replacement, extension or renewal Lien shall cover any property other than the property that was subject to such Lien prior to such replacement, extension or renewal (and additions thereto, improvements thereon and the proceeds thereof); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ll) Liens arising pursuant to Section 107(l) of the Comprehensive Environmental Response, Compensation and Liability Act or similar provision of any applicable law.

SECTION 6.03. <u>No Further Negative Pledges</u>. The Parent Guarantor shall not, nor shall it permit any Restricted Subsidiary that is, or is required to become, a Loan Party to, enter into or permit to exist any agreement prohibiting in any material respect the creation or assumption of any Lien upon any of its properties (other than Excluded Assets), whether now owned or hereafter acquired, for the benefit of the Secured Parties with respect to the Obligations, except with respect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) restrictions relating to any asset (or all of the assets) of and/or the Capital Stock of the Parent Guarantor and/or any Restricted Subsidiary which are imposed pursuant to an agreement entered into in connection with any Disposition or other transfer, lease, sub-lease, license or sublicense of such asset (or assets) and/or such Capital Stock of the relevant Person that is permitted or not restricted by this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) restrictions contained in the Loan Documents, **<u>or the definitive documentation governing</u>** any Incremental Equivalent Debt, the SpinCo<u>**any Senior**</u> Unsecured Financing<u>**Notes**</u> or any Permitted Receivables Facility (and in any Indebtedness permitted under <u>Section 6.01(z)</u> to the extent relating to any extension, refinancing, refunding or replacement of any of the foregoing);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) restrictions contained in any documentation governing any Indebtedness permitted by <u>Section 6.01</u> (or related Lien permitted under <u>Section 6.02</u>) to the extent that such restrictions (i) only apply to the Persons obligated under such Indebtedness and their Restricted Subsidiaries or the assets intended to secure such Indebtedness and (ii) (x) are, taken as a whole, not materially more restrictive as concerning the Parent Guarantor or any Restricted Subsidiary than customary market terms for Indebtedness of such type or (y) will not materially impair the Borrowers' obligation or ability to make any payments required hereunder (as determined by the Parent Guarantor in good faith);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) restrictions by reason of customary provisions restricting assignments, subletting, licensing, sublicensing or other transfers (including the granting of any Lien) contained in leases, subleases, licenses, sublicenses, joint venture agreements, asset sale agreements, trading, netting, operating, construction, service, supply, purchase, sale or other agreements entered into in the ordinary course of business (each of the foregoing, a "**Covered Agreement**") (<u>provided</u> that such restrictions are limited to the relevant Covered Agreement and/or the property or assets secured by such Liens or the property or assets subject to such Covered Agreement);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Permitted Liens and restrictions in the agreements relating thereto that limit the right of the Parent Guarantor or any of its Restricted Subsidiaries to Dispose of or encumber the assets subject to such Liens;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) provisions limiting the Disposition, distribution or encumbrance of assets or property in joint venture agreements, sale and lease-back agreements, stock sale agreements and other similar agreements, which limitation is applicable only to the assets that are the subject of such agreements (or the Persons the Capital Stock of which is the subject of such agreement (or any "shell company" parent with respect thereto));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any encumbrance or restriction assumed in connection with an acquisition of the property or Capital Stock of any Person, so long as such encumbrance or restriction relates solely to the Person and its subsidiaries (including the Capital Stock of the relevant Person or Persons) and/or property so acquired (or to the Person or Persons (and its or their subsidiaries) bound thereby) and was not created in contemplation of such acquisition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) restrictions imposed by customary provisions in partnership agreements, limited liability company organizational governance documents, joint venture agreements and other similar agreements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) relating to the transfer of the assets of, or ownership interests in, the relevant partnership, limited liability company, joint venture or any similar Person (or any "shell company" parent with respect thereto), (ii) relating to such joint venture or its members and/or (iii) otherwise entered into in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) restrictions on Cash or other deposits permitted under <u>Section 6.02</u> and/or <u>6.05</u> and any net worth or similar requirements, including such restrictions or requirements imposed by Persons under contracts entered into in the ordinary course of business or for whose benefit such Cash or other deposits or net worth requirements exist;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) restrictions set forth in documents which exist on the Availability Date and set forth on <u>Schedule 6.03</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) restrictions contained in documents governing Indebtedness of any Restricted Subsidiary that is not a Loan Party permitted hereunder (solely to the extent relating to the assets or Capital Stock of such Restricted Subsidiary);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) provisions restricting the granting of a security interest in IP Rights contained in licenses, sublicenses or cross-licenses by the Parent Guarantor and its Restricted Subsidiaries of such IP Rights, which licenses, sublicenses and cross-licenses were entered into in the ordinary course of business (in which case such restriction shall relate only to such IP Rights);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) restrictions arising under or as a result of applicable law or the terms of any license, authorization, concession or permit issued or granted by a Governmental Authority;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) restrictions with respect to a Restricted Subsidiary that was previously an Unrestricted Subsidiary, pursuant to or by reason of an agreement that such Restricted Subsidiary is a party to or entered into before the date on which such Subsidiary became a Restricted Subsidiary; <u>provided</u> that such agreement was not entered into in anticipation of an Unrestricted Subsidiary becoming a Restricted Subsidiary and any such restriction does not extend to any assets or property of the Parent Guarantor or any other Restricted Subsidiary other than the assets and property of such Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) restrictions in any Hedge Agreement, any agreement relating to Banking Services and/or any agreement relating to Permitted Treasury Arrangements; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) other restrictions or encumbrances imposed by any amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing of the contracts, instruments or obligations referred to in the preceding clauses of this Section; <u>provided</u> that no such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing is, in the good faith judgment of the Parent Guarantor, materially more restrictive with respect to such encumbrances and other restrictions, taken as a whole, than those in effect prior to the relevant amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing.

SECTION 6.04. <u>Restricted Payments; Restricted Debt Payments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Parent Guarantor shall not, and shall not permit any Restricted Subsidiary to, pay or make, directly or indirectly, any Restricted Payment, except that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Parent Guarantor and its Restricted Subsidiaries may pay for the repurchase, redemption, retirement or other acquisition or retirement for value of Capital Stock held by any Permitted Payee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) with Cash and Cash Equivalents, in an aggregate amount not to exceed, in any Fiscal Year, the greater of US$45,000,000 and 5% of Consolidated Adjusted EBITDA for the most recently ended Test Period, which amount, if not used in any Fiscal Year, may be carried forward to the immediately succeeding Fiscal Year (and deemed first applied in such subsequent Fiscal Year); <u>provided</u> that no Restricted Payments may be made in reliance on this <u>clause (A)</u> prior to January 1, 2026; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) with the net proceeds of any key-man life insurance policies; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) with the amount of any Cash bonuses otherwise payable to any Permitted Payee that are forgone in exchange for the receipt of Capital Stock of the Parent Guarantor pursuant to any compensation arrangement, including any deferred compensation plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) so long as no Event of Default exists or would result therefrom and, after giving pro forma effect thereto, the Parent Guarantor would be in compliance with the Financial Covenants as of the last day of or for the then most recently ended Test Period, the Parent Guarantor and its Restricted Subsidiaries may make additional Restricted Payments in an amount not to exceed the portion, if any, of the Available Amount at such time that the Parent Guarantor elects to apply to this <u>clause (ii)</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the Parent Guarantor and its Restricted Subsidiaries may (A) make Cash payments in lieu of the issuance of fractional shares in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Capital Stock of the Parent Guarantor, or in connection with dividends, share splits, reverse share splits (or any combination thereof), in each case in respect of the Capital Stock of the Parent Guarantor, and in connection with mergers, consolidations, amalgamations or other business combinations, and acquisitions and other Investments permitted hereunder, in each case involving consideration in the form of Capital Stock of the Parent Guarantor, (B) honor any conversion request by a holder of Convertible Indebtedness, make any cash payments in lieu of fractional shares in connection with any such conversion and make payments on Convertible Indebtedness in accordance with its terms and (C) make Restricted Payments consisting of (x) payments made or expected to be made in respect of withholding or similar Taxes payable by any Permitted Payee and/or (y) repurchases of Capital Stock in consideration of the payments described in <u>sub-clause (x)</u> above, including demand repurchases in connection with the exercise of stock options and the issuance of restricted stock units or similar stock based awards;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Parent Guarantor and its Restricted Subsidiaries may repurchase, redeem, acquire or retire Capital Stock upon (or make provisions for withholdings in connection with), the exercise of warrants, options or other securities convertible into or exchangeable for Capital Stock if such Capital Stock represents all or a portion of the exercise price of, or tax withholdings with respect to, such warrants, options or other securities convertible into or exchangeable for Capital Stock as part of a "cashless" exercise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) so long as no Event of Default exists or would result therefrom, the Parent Guarantor and its Restricted Subsidiaries may make Restricted Payments (i) in an amount not to exceed US$250,000,000 in any Fiscal Year *plus* (ii) additional Restricted Payments, so long as the aggregate amount of Restricted Payments under this <u>clause (vii)</u> in any Fiscal Year does not exceed 7.00% of the Market Capitalization of the Parent Guarantor as of the most recently ended Fiscal Quarter; <u>provided</u> that no Restricted Payments may be made in reliance on this <u>clause (v)</u> prior to January 1, 2026;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the Parent Guarantor and its Restricted Subsidiaries may make Restricted Payments to (i) redeem, repurchase, defease, discharge, retire or otherwise acquire any Capital Stock ("**Treasury Capital Stock**") of the Parent Guarantor in exchange for, or out of the proceeds of the substantially concurrent sale (other than to the Parent Guarantor and/or any Restricted Subsidiary) of, Qualified Capital Stock of the Parent Guarantor ("**Refunding Capital Stock**") and (ii) declare and pay dividends on any Treasury Capital Stock out of the proceeds of the substantially concurrent sale or issuance (other than to the Parent Guarantor or a Restricted Subsidiary) of any Refunding Capital Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) to the extent constituting a Restricted Payment, the Parent Guarantor may consummate any transaction permitted by <u>Section 6.05</u> (other than <u>Sections 6.05(i)</u> and <u>6.05(r))</u> and <u>Section 6.06</u> (other than <u>Section 6.06(g)</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) so long as no Event of Default exists or would result therefrom, the Parent Guarantor and its Restricted Subsidiaries may make additional Restricted Payments in an aggregate amount not to exceed the greater of US$300,000,000 and 35% of Consolidated Adjusted EBITDA for the most recently ended Test Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) the Parent Guarantor and its Restricted Subsidiaries may pay any dividend or other distribution or consummate any redemption within 60 days after the date of the declaration thereof or the provision of a redemption notice with respect thereto, as the case may be, if at the date of such declaration or notice, the dividend, distribution or redemption contemplated by such declaration or redemption notice would have complied with the provisions of this <u>Section 6.04(a)</u> (and any Restricted Payment made in reliance on this <u>clause (ix)</u> shall also be deemed to have been made under the applicable foregoing clause, except for the purpose of testing the permissibility of such Restricted Payment on the date it is actually made);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) so long as no Event of Default exists or would result therefrom, the Parent Guarantor and its Restricted Subsidiaries may make additional Restricted Payments so long as the Total Leverage Ratio as of the last day of the then most recently ended Test Period would not exceed 1.80:1.00, calculated on a Pro Forma Basis;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) the Parent Guarantor and its Restricted Subsidiaries may make payments and distributions to satisfy dissenters' rights (including in connection with, or as a result of, the exercise of appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential)), pursuant to or in connection with any acquisition, merger, consolidation, amalgamation or Disposition that complies with <u>Section 6.05</u> or <u>6.06</u> or any other transaction permitted hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) the Parent Guarantor and its Restricted Subsidiaries may make a Restricted Payment in respect of any payments or deliveries in connection with (A) a Permitted Bond Hedge Transaction or (B) Permitted Warrant Transaction or Packaged Rights (x) by delivery of shares of the Parent Guarantor's Qualified Capital Stock or (y) otherwise, to the extent of a payment or delivery received from a Permitted Bond Hedge Transaction (whether such payment or delivery on the Permitted Warrant Transaction is effected by netting, set-off or otherwise);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) <u>(A) the Parent Guarantor</u> **<u>and its Restricted Subsidiaries</u>** may make the Pre-Spin Dividend; and**<u>Spin-Off Related Distributions in an aggregate amount not to exceed the Spin-Off Distribution Amount; provided that in the event that the Parent Guarantor or Aptiv determines in good faith prior to the date that is 90 days after the Spin-Off Effective Date that the aggregate amount of the Spin-Off Related Distributions exceeded the Spin-Off Distribution Amount and Aptiv has provided written notice to the Parent Guarantor or any of its applicable Restricted Subsidiaries that it intends to pay (or cause to be paid) to the Parent Guarantor or its Restricted Subsidiaries such excess in accordance with, and on the required timeline set forth in, the Separation Agreement, then additional Spin-Off Related Distributions (including, without limitation, Spin-Off Related Distributions previously made on or prior to the Spin-Off Effective Date) shall be permitted under this sub-clause (A) without the usage of any other basket or exception under this Section 6.04(a) up to the aggregate amount of such Spin-Off True-Up Payments (except that such additional Spin-Off Related Distributions shall no longer be permitted under this sub-clause (A) if Aptiv does not pay (or cause to be paid) to the Parent Guarantor or its Restricted Subsidiaries such excess in accordance with, and on the required timeline set forth in, the Separation Agreement); and (B) to the extent constituting a Restricted Payment, the Parent Guarantor and its Restricted Subsidiaries may make the Spin-Off True-Up Payments; and</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) Restricted Payments may be made by any Restricted Subsidiary to the Parent Guarantor or to any other Restricted Subsidiary; <u>provided</u> that in the case of a Restricted Payment made by a Restricted Subsidiary that is not a Wholly-Owned Subsidiary of the Parent Guarantor, such Restricted Payment shall be made by such Restricted Subsidiary to each direct parent company of such Restricted Subsidiary on a pro rata basis (or on a more favorable basis from the perspective of the Parent Guarantor or any applicable Restricted Subsidiary thereof that is the direct parent company of such Restricted Subsidiary) based on their relative ownership interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Parent Guarantor shall not, nor shall it permit any Restricted Subsidiary to, make any voluntary prepayment in Cash on or in respect of principal of or interest on any Restricted Debt, including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Restricted Debt more than one year prior to the scheduled maturity date thereof (collectively, "**Restricted Debt Payments**"), except:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any refinancing, purchase, defeasance, redemption, repurchase, repayment or other acquisition or retirement of any Restricted Debt made by exchange for, or out of the proceeds of, Refinancing Indebtedness permitted by <u>Section 6.01</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) payments as part of, or to enable another Person to make, an "applicable high yield discount obligation" catch-up payment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) payments of regularly scheduled principal and interest (including any penalty interest, if applicable) and payments of fees, expenses and indemnification obligations as and when due (other than payments with respect to Restricted Debt that are prohibited by the subordination provisions thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) so long as no Event of Default exists or would result therefrom, additional Restricted Debt Payments in an aggregate amount not to exceed the greater of (x) US$300,000,000 and (y) 35% of Consolidated Adjusted EBITDA for the most recently ended Test Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) (A) Restricted Debt Payments in exchange for, or with proceeds of any issuance of, Qualified Capital Stock of the Parent Guarantor and/or any capital contribution in respect of Qualified Capital Stock of the Parent Guarantor, (B) Restricted Debt Payments as a result of the conversion of all or any portion of any Restricted Debt into Qualified Capital Stock of the Parent Guarantor and (C) to the extent constituting a Restricted Debt Payment, payment-in-kind interest with respect to any Restricted Debt that is permitted under <u>Section 6.01</u>; <u>provided</u> that to the extent of the Restricted Debt Payments made pursuant to this <u>clause (v)</u>, no amounts on the account of the applicable exchange, issuance, contribution or conversion shall be included in the determination of the "Available Amount";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) so long as no Event of Default exists or would result therefrom and, after giving pro forma effect thereto, the Parent Guarantor would be in compliance with the Financial Covenants as of the last day of or for the then most recently ended Test Period, Restricted Debt Payments in an aggregate amount not to exceed the portion, if any, of the Available Amount on such date that the Parent Guarantor elects to apply to this <u>clause (vi)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) so long as no Event of Default exists or would result therefrom, additional Restricted Debt Payments so long as the Total Leverage Ratio as of the last day of the then most recently ended Test Period would not exceed 1.80:1.00, calculated on a Pro Forma Basis; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Restricted Debt Payments in respect of Restricted Debt permitted to be assumed pursuant to <u>Section 6.01(w)</u>; <u>provided</u> that any such Restricted Debt Payment shall be deemed an Investment and shall only be permitted to the extent there exists the ability to make such Investment pursuant to <u>Section 6.05</u> at such time.

SECTION 6.05. <u>Investments</u>. The Parent Guarantor shall not, nor shall it permit any Restricted Subsidiary to, make or own any Investment in any other Person except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Investments in assets that are Cash or Cash Equivalents, or Investments in assets that were Cash or Cash Equivalents at the time made;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i) **<u>(A)</u>** Investments existing on the Availability Date in the Parent Guarantor, any Restricted Subsidiary and/or any Joint Venture and**<u>, (B) Investments existing on the Spin-Off Effective</u>** <u>**Date in the Parent Guarantor, any Restricted Subsidiary and/or any Joint Venture and made or acquired as part of the Spin-Off Reorganization Transactions and (C)**</u> any modification, replacement, renewal or extension thereof<u>**of any of the foregoing**</u> so long as no such modification, replacement, renewal or extension thereof increases the amount of such Investment except by the terms thereof (including as a result of the accrual or accretion of interest or original issue discount or the issuance of payment-in-kind securities) or as otherwise permitted by this <u>Section 6.05</u> and/or (ii) Investments made after the Availability Date among the Parent Guarantor and/or one or more Restricted Subsidiaries; <u>provided</u> that in the case of Investments by Loan Parties in Restricted Subsidiaries that are not Loan Parties, such Investment shall be limited to those (i) made in Cash and Cash Equivalents, (ii) made in the ordinary course of business (including, to the extent constituting an Investment, moving a manufacturing line from one jurisdiction to another or transactions related thereto), (iii) made to permit such Restricted Subsidiary to consummate a Permitted Acquisition or similar Investment or (iv) made as part of a Permitted Tax Restructuring;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Investments (i) constituting deposits, prepayments and/or other credits to suppliers or other trade counterparties, (ii) made in connection with obtaining, maintaining or renewing client and customer contracts and/or (iii) in the form of advances made to distributors, suppliers, licensors and licensees, in each case, in the ordinary course of business or, in the case of <u>clause (iii)</u>, to the extent necessary to maintain the ordinary course of supplies to the Parent Guarantor or any Restricted Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Investments in any Similar Business (including any Joint Venture engaged in a similar business), in an aggregate principal amount not to exceed the greater of $150,000,000 and 17.5% of Consolidated Adjusted EBITDA for the most recently ended Test Period at any time outstanding; <u>provided</u> that no Investments in any Unrestricted Subsidiary may be made in reliance on this <u>clause (d)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Permitted Acquisitions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Investments received in lieu of Cash in connection with any Disposition permitted by <u>Section 6.06</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) loans or advances to Permitted Payees in the ordinary course of business (i) in an aggregate principal amount not to exceed US$15,000,000 and 1.75% of Consolidated Adjusted EBITDA for the most recently ended Test Period at any time outstanding, (ii) so long as the proceeds of such loan or advance are substantially contemporaneously contributed to the Parent Guarantor for the purchase of Qualified Capital Stock of the Parent Guarantor or (iii) so long as no Cash or Cash Equivalents are advanced in connection with such loan or advance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Investments consisting of rebates and extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Investments consisting of (or resulting from) Indebtedness permitted under <u>Section 6.01</u> (including guarantees thereof) (other than Indebtedness permitted under <u>Sections 6.01(c)</u> and <u>6.01(r)</u>), Permitted Liens, Restricted Payments permitted under <u>Section 6.04(a)</u> (other than <u>Section 6.04(a)(vii)</u>), Restricted Debt Payments permitted by <u>Section 6.04(b)</u> and mergers, consolidations, amalgamations, liquidations, windings up, dissolutions or Dispositions permitted by <u>Section 6.06</u> (other than <u>Section 6.06(a)</u> (if made in reliance on <u>clause (iii)(y)</u> of the proviso thereto), <u>Section 6.06(b)</u> (if made in reliance on <u>clause (ii)</u> of the proviso thereto), <u>Section 6.06(c)(ii)</u> (if made in reliance on <u>clause (B)</u> therein) and <u>Section 6.06(g)</u>);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Investments in the ordinary course of business consisting of endorsements for collection or deposit and customary trade arrangements with customers, vendors, suppliers, licensors, sublicensors, licensees and sublicensees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Investments (including debt obligations and Capital Stock) received (i) in connection with the bankruptcy, work-out, reorganization or recapitalization of any Person, (ii) in settlement or compromise of delinquent obligations of, or other disputes with or judgments against, customers, trade-creditors, suppliers, licensees and other account debtors arising in the ordinary course of business, including pursuant to any plan of reorganization or similar arrangement upon bankruptcy or insolvency of any customer, trade creditor, supplier, licensee or other account debtor, (iii) in satisfaction of judgments against other Persons, (iv) as a result of foreclosure with respect to any secured Investment or other transfer of title with respect to any secured Investment and/or (v) in settlement, compromise or resolution of litigation, arbitration or other disputes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) loans and advances of payroll payments or other compensation to present or former employees, directors, members of management, officers, managers or consultants of the Parent Guarantor and/or any Restricted Subsidiary in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Investments to the extent that payment therefor is made solely with Qualified Capital Stock of the Parent Guarantor to the extent not resulting in a Change in Control;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) (i) Investments of any Restricted Subsidiary acquired after the Availability<u>**Spin-Off Effective**</u> Date, or of any Person acquired by, or merged into or consolidated or amalgamated with, the Parent Guarantor or any Restricted Subsidiary after the Availability<u>**Spin-Off Effective**</u> Date, in each case as part of an Investment otherwise permitted by this <u>Section 6.05</u> to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger, amalgamation or consolidation and were in existence on the date of the relevant acquisition, merger, amalgamation or consolidation and (ii) any modification, replacement, renewal or extension of any Investment permitted under <u>clause (i)</u> of this <u>Section 6.05(n)</u> so long as no such modification, replacement, renewal or extension thereof increases the amount of such Investment except as otherwise permitted by this <u>Section 6.05</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Investments made after the Availability Date by the Parent Guarantor and/or any of its Restricted Subsidiaries in an aggregate amount at any time outstanding not to exceed the greater of US$345,000,000 and 40% of Consolidated Adjusted EBITDA for the most recently ended Test Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) so long as no Specified Event of Default exists or would result therefrom and after giving pro forma effect thereto, the Parent Guarantor would be in compliance with the Financial Covenants as of the last day of or for the then most recently ended Test Period, the portion, if any, of the Available Amount on such date that the Parent Guarantor elects to apply this <u>clause (p)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) (i) Guarantees of leases or subleases (in each case other than Capital Lease Obligations) or of other obligations not constituting Indebtedness, (ii) Guarantees of the lease obligations of suppliers, customers, franchisees and licensees of the Parent Guarantor and/or its Restricted Subsidiaries, in each case, in the ordinary course of business and (iii) Investments consisting of Guarantees of any supplier's obligations in respect of commodity contracts, including Derivative Transactions, solely to the extent such commodities relate to the materials or products to be purchased by the Parent Guarantor or any Restricted Subsidiary and are made in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) Investments in any Person in amounts and for purposes for which Restricted Payments to such Person are permitted under <u>Section 6.04(a)</u>; <u>provided</u> that any Investment made as provided above in lieu of any such Restricted Payment shall reduce availability under the applicable Restricted Payment basket under <u>Section 6.04(a)</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) Investments made in Joint Ventures or Unrestricted Subsidiaries in an aggregate amount at any time outstanding not to exceed the greater of US$150,000,000 and 17.5% of Consolidated Adjusted EBITDA for the most recently ended Test Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) Investments made in joint ventures as required by, or made pursuant to, buy/sell arrangements between the joint venture parties set forth in joint venture agreements and similar binding arrangements in effect on the Availability Date or entered into after the Availability Date in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) unfunded pension fund and other employee benefit plan obligations and liabilities to the extent that they are permitted to remain unfunded under applicable law to the extent that the unfunded amounts would not otherwise cause an Event of Default under <u>Section 7.01(l)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Investments in connection with Permitted Treasury Arrangements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) Investments made in connection with any nonqualified deferred compensation plan or arrangement for any Permitted Payee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) so long as no Specified Event of Default exists or would result therefrom, additional Investments so long as the Total Leverage Ratio as of the last day of the then most recently ended Test Period would not exceed 2.50:1.00, calculated on a Pro Forma Basis;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y) Investments consisting of the licensing, sublicensing or contribution of any IP Rights pursuant to joint marketing, collaboration or other similar arrangements with other Persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z) Restricted Subsidiaries of the Parent Guarantor may be established or created if such Parent Guarantor and such Restricted Subsidiary comply with the requirements of <u>Section 5.12</u>, if applicable; <u>provided</u> that (i) in each case, to the extent such new Restricted Subsidiary is created solely for the purpose of consummating a transaction pursuant to an acquisition or other Investment permitted by this <u>Section 6.05</u>, and such new Restricted Subsidiary at no time holds any assets or liabilities other than any acquisition or Investment consideration contributed to it contemporaneously with the closing of such transaction, such new Restricted Subsidiary shall not be required to take the actions set forth in <u>Section 5.12</u> until such acquisition or Investment is consummated (at which time the surviving entity of the respective transaction shall be required to so comply in accordance with the provisions thereof) and (ii) any Investment made in such Restricted Subsidiary is otherwise permitted under another clause of this <u>Section 6.05</u> (other than this <u>clause (z)</u><u>)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa) contributions in connection with compensation arrangements to a "rabbi" trust for the benefit of employees, directors, partners, members, consultants, independent contractors or other service providers or other grantor trust subject to claims of creditors in the case of a bankruptcy of the Parent Guarantor or any of its Restricted Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb) Investments consisting of earnest money deposits required in connection with purchase agreements or other acquisitions or Investments otherwise permitted under this <u>Section 6.05</u> and any other pledges or deposits permitted by <u>Section 6.02</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cc) Term Loans repurchased by the Parent Guarantor or a Restricted Subsidiary pursuant to and subject to immediate cancellation in accordance with this Agreement and, to the extent permitted (or not prohibited) by <u>Section 6.04(b)</u>, loans or other Indebtedness repurchased by the Parent Guarantor or a Restricted Subsidiary pursuant to and subject to immediate cancellation in accordance with the terms of any other Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dd) Permitted Bond Hedge Transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ee) purchases and acquisitions of inventory, supplies, materials, services, equipment or similar assets in the ordinary course of business; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ff) Investments in or relating to any Receivables Subsidiary that, in the good faith determination of the Parent Guarantor, are necessary or advisable to effect or operate a Permitted Receivables Facility (including any contribution of replacement or substitute assets to such Subsidiary) or any repurchases in connection therewith (including, without limitation, (x) repurchases to unwind any Permitted Receivables Facility and (y) the contribution or lending of Cash or Cash Equivalents to Restricted Subsidiaries to finance the purchase of such assets from the Parent Guarantor or any Restricted Subsidiary or to otherwise fund required reserves and Investments of funds held in accounts permitted or required by the arrangements governing such Permitted Receivables Facility or any related Indebtedness); **<u>and</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>(gg) (x) to the extent constituting Investments in Aptiv and its Subsidiaries, the Spin-Off True-Up Payments and (y) Investments in the Parent Guarantor and its Restricted Subsidiaries made in order to consummate the Spin-Off Transactions in accordance with the requirements of Sections 4.02(a) and 4.02(b);</u>**

<u>provided</u> that, notwithstanding anything to the contrary in this <u>Section 6.05</u>, the Parent Guarantor and its Restricted Subsidiaries shall not be permitted to transfer or license on an exclusive basis Material Intellectual Property to any Unrestricted Subsidiary; <u>provided</u>, that, for the avoidance of doubt, the Parent Guarantor and its Restricted Subsidiaries shall be permitted to grant non-exclusive licenses (or sublicenses) of any Material Intellectual Property to any Unrestricted Subsidiary.

For the avoidance of doubt, if any Investment in any Person that is not a Restricted Subsidiary is made or owned in reliance on any clause of this <u>Section 6.05</u>, and such Person subsequently becomes a Restricted Subsidiary (or is merged, consolidated or amalgamated with or into the Parent Guarantor or any Restricted Subsidiary), such prior Investment may thereafter be deemed to have been made and/or owned under <u>clause (b)</u> of <u>Section 6.05</u> (to the extent otherwise meeting the requirements of such clause) and not such other clause of this <u>Section 6.05</u>.

SECTION 6.06. <u>Fundamental Changes; Disposition of Assets</u>. The Parent Guarantor shall not, nor shall it permit any Restricted Subsidiary to, enter into any transaction of merger, consolidation or amalgamation, or liquidate, wind up, strike-off or dissolve itself or appoint a restructuring officer (or suffer any liquidation, strike-off or dissolution), or make any Disposition of assets having a fair market value in excess of US$20,000,000 in a single transaction or in a series of related transactions or in excess of US$75,000,000 in the aggregate for all such transactions in any Fiscal Year, except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any Restricted Subsidiary may be merged, consolidated or amalgamated with or into the Parent Guarantor or any other Restricted Subsidiary; <u>provided</u> that (i) in the case of any such merger, consolidation or amalgamation with or into a Borrower, (A) such Borrower shall be the continuing or surviving Person or a Person that continues as an amalgamated corporation or (B) if the Person formed by or surviving any such merger, consolidation or amalgamation (including any immediate and successive mergers, consolidations or amalgamations of entities) is not a Borrower (any such Person succeeding such Borrower after giving effect to such transaction or transactions, the "**Successor**

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 **Borrower**"), (x) the Successor Borrower shall be an entity organized under the law of the jurisdiction of organization of such Borrower or a political subdivision thereof, (y) the Successor Borrower shall expressly assume the Loan Document Obligations of such Borrower in a manner reasonably satisfactory to the Administrative Agent and the Parent Guarantor shall have provided at least 30 days**'** notice of such transaction to the Lenders and shall have provided at least three Business Days prior to the date of such transaction all information requested by any Lender at least 10 Business Days prior to such transaction to comply with applicable "know your customer" requirements and (z) except as the Administrative Agent may otherwise agree, each Guarantor, unless it is the other party to such merger, consolidation or amalgamation, shall have executed and delivered a reaffirmation agreement with respect to its obligations under the Guarantee Agreement and the other Loan Documents; it being understood and agreed that if the foregoing conditions under <u>clauses (x)</u> through <u>(z)</u> are satisfied, the Successor Borrower will succeed to, and be substituted for, such Borrower under this Agreement and the other Loan Documents and shall thereafter be deemed to be and become a "Borrower" for all purposes hereunder, and such initial Borrower, as applicable, shall be released from its Loan Document Obligations in respect of this Agreement and the other Loan Documents, (iii<u>**ii**</u>) in the case of any such merger, consolidation or amalgamation with or into the Parent Guarantor, (A) the Parent Guarantor shall be the continuing or surviving Person or a Person that continues as an amalgamated corporation or (B) the requirements of <u>sub-clause (B)</u> of <u>Section 6.06(c)(ii)</u> below shall be satisfied;**,** and (iii) in the case of any such merger, consolidation or amalgamation with or into any Subsidiary Guarantor, either (x) a Subsidiary Guarantor shall be the continuing or surviving Person or the continuing or surviving Person shall expressly assume the obligations of such Subsidiary Guarantor under the Loan Documents in a manner reasonably satisfactory to the Administrative Agent or (y) the relevant transaction shall be treated as an Investment and otherwise be made in compliance with <u>Section 6.05</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Dispositions (including of Capital Stock) among the Parent Guarantor and/or any Restricted Subsidiary (upon voluntary liquidation or otherwise); <u>provided</u> that any such Disposition by any Loan Party to any Person that is not a Loan Party shall be (i) for fair market value (as determined by such Person in good faith) or (ii) treated as an Investment and otherwise be made in compliance with <u>Section 6.05</u> (other than on reliance of <u>clause (i)</u> thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) the liquidation or dissolution of any Restricted Subsidiary (other than a Borrower) if the Parent Guarantor determines in good faith that such liquidation or dissolution is in the best interests of the Parent Guarantor, is not materially disadvantageous to the Lenders, and the Parent Guarantor or any Restricted Subsidiary receives any assets of the relevant dissolved or liquidated Restricted Subsidiary; (ii) any merger, consolidation, amalgamation, dissolution or liquidation (other than dissolution or liquidation of the Parent Guarantor or any Borrower), the purpose of which is to effect (A) any Disposition otherwise permitted under this <u>Section 6.06</u> (other than <u>clause (a)</u>, <u>clause (b)</u> or this <u>clause (c)</u>) or (B) any Investment permitted under <u>Section 6.05</u> (other than <u>clause (i)</u> thereof); <u>provided</u> that (i) in the case of any such merger, consolidation or amalgamation with or into the Parent Guarantor or a Borrower, (A) the Parent Guarantor or such Borrower shall be the continuing or surviving Person or a Person that continues as an amalgamated corporation or (B) if the Person formed by or surviving any such merger, consolidation or amalgamation (including any immediate and successive mergers, consolidations or amalgamations of entities) is not the Parent Guarantor or such Borrower (any such Person succeeding to the Parent Guarantor or such Borrower after giving effect to such transaction or transactions, the "Successor Person"), (x) the Successor Person shall be an entity organized under the law of the jurisdiction of organization of the Parent Guarantor or such Borrower or a political subdivision thereof, (y) the Successor Person shall expressly assume the Loan Document Obligations of the Parent Guarantor or such Borrower, as applicable, in a manner reasonably satisfactory to the Administrative Agent and the Parent Guarantor shall have provided at least 30 days notice of such transaction to the Administrative Agent, the Collateral Agents and the Lenders and shall have provided at least three Business Days prior to the date of such transaction all information requested by any Lender, the

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Administrative Agent and the Collateral Agents at least 10 Business Days prior to such transaction to comply with applicable "know your customer" requirements and (z) except as the Administrative Agent may otherwise agree, each Guarantor, unless it is the other party to such merger, consolidation or amalgamation, shall have executed and delivered a reaffirmation agreement with respect to its obligations under the Guarantee Agreement and the other Loan Documents; it being understood and agreed that if the foregoing conditions under <u>clauses (x)</u> through <u>(z)</u> are satisfied, the Successor Person will succeed to, and be substituted for, the Parent Guarantor or such Borrower, as applicable, under this Agreement and the other Loan Documents and (iii) the Parent Guarantor or any Restricted Subsidiary may be converted into another form of entity, in each case, so long as such conversion does not adversely affect the value of the Loan Guarantees or the Collateral, taken as a whole;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) (i) Dispositions of inventory or goods held for sale, equipment or other assets in the ordinary course of business (including on an intercompany basis) and (ii) the leasing or subleasing of real property in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Dispositions of surplus, obsolete, used or worn out property or other property that, in the good faith judgment of the Parent Guarantor, is (i) no longer useful in its business (or in the business of any Restricted Subsidiary of the Parent Guarantor) or (ii) otherwise economically impracticable or not commercially reasonable to maintain;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Dispositions of Cash and/or Cash Equivalents or other assets that were Cash and/or Cash Equivalents when the relevant original Investment was made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Dispositions, mergers, amalgamations, consolidations or conveyances that constitute (or are made in order to effectuate) Investments permitted pursuant to <u>Section 6.05</u> (other than <u>Section 6.05(i)</u>), Permitted Liens and Restricted Payments permitted by <u>Section 6.04(a)</u> (other than <u>Section 6.04(a)(vii)</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Dispositions for fair market value; <u>provided</u> that with respect to any single Disposition transaction or a series of related transactions with respect to assets having a fair market value in excess of the greater of US$75,000,000 and 9% of Consolidated Adjusted EBITDA for the most recently ended Test Period, at least 75% of the consideration for such Disposition shall consist of Cash or Cash Equivalents (<u>provided</u> that for purposes of the 75% Cash consideration requirement, (i) the amount of any Indebtedness or other liabilities (other than Indebtedness or other liabilities that are expressly subordinated in right of payment to the Loan Document Obligations or that are owed to the Parent Guarantor or any Restricted Subsidiary) of the Parent Guarantor or any Restricted Subsidiary (as shown on such Person's most recent balance sheet (or in the notes thereto), or if the incurrence of such Indebtedness or other liability took place after the date of such balance sheet, that would have been shown on such balance sheet or in the notes thereto, as determined in good faith by the Parent Guarantor) that are (x) assumed by the transferee of any such assets and for which the Parent Guarantor and/or its applicable Restricted Subsidiary have been validly released by all relevant creditors in writing or (y) otherwise cancelled or terminated in connection with such Disposition, (ii) the amount of any trade-in value applied to the purchase price of any replacement assets acquired in connection with such Disposition, (iii) future payments to be made in cash or Cash Equivalents owed to the Parent Guarantor or a Restricted Subsidiary in the form of earnout or similar payment, (iv) any Securities or other obligations or assets received by the Parent Guarantor or any Restricted Subsidiary from such transferee (including earn-outs or similar obligations) that are converted by such Person into Cash or Cash Equivalents, or by their terms are required to be satisfied for Cash or Cash Equivalents (to the extent of the Cash or Cash Equivalents received) within 180 days following the closing of the applicable Disposition and (v) any Designated Non-Cash Consideration received in respect of such Disposition having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration

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received pursuant to this <u>clause (v)</u> that is at that time outstanding, not in excess of the greater of US$100,000,000 and 11% of Consolidated Adjusted EBITDA for the most recently ended Test Period, in each case shall be deemed to be Cash); <u>provided</u>, <u>further</u>, that the Net Proceeds of such Disposition shall be applied and/or reinvested as (and to the extent) required by <u>Section 2.11(b)(ii)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to the extent that (i) the relevant property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of the relevant Disposition are promptly applied to the purchase price of such replacement property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Dispositions of Investments in (or assets of) Joint Ventures or other non-Wholly-Owned Subsidiaries to the extent required by, or made pursuant to, buy/sell arrangements between joint venture or similar parties set forth in the relevant joint venture arrangements and/or similar binding arrangements, or made on a pro rata basis to the owners thereof (or on a greater than pro rata basis to the extent the recipient of such greater amount is the Parent Guarantor or a Restricted Subsidiary);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Dispositions of notes receivable or accounts receivable in the ordinary course of business (including any discount and/or forgiveness thereof) or in connection with the collection or compromise thereof, or as part of any bankruptcy or similar proceeding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Dispositions and/or terminations of, or constituting, leases, subleases, licenses, sublicenses or cross-licenses (including the provision of software under any open source license), the Dispositions or terminations of which (i) do not materially interfere with the business of the Parent Guarantor and its Restricted Subsidiaries or (ii) relate to closed facilities or the discontinuation of any product line;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) (i) any termination of any lease, sublease, license or sub-license in the ordinary course of business (and any related Disposition of improvements made to leased real property resulting therefrom), (ii) any expiration of any option agreement in respect of real or personal property and (iii) any surrender or waiver of contractual rights or the settlement, release or surrender of contractual rights or litigation claims (including in tort) in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Dispositions of property subject to foreclosure, expropriation, forced disposition, casualty, eminent domain, expropriation or condemnation proceedings (including in lieu thereof or any similar proceeding);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Dispositions or consignments of equipment, inventory or other assets (including leasehold or licensed interests in real property) with respect to facilities that are temporarily not in use, held for sale or closed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) Dispositions of non-core assets and sales of Real Estate Assets, in each case acquired in any acquisition or other Investment permitted hereunder after the Availability<u>**Spin-Off Effective**</u> Date, including such Dispositions (x) made in order to obtain the approval of any anti-trust authority or otherwise necessary or advisable in the good faith determination of the Parent Guarantor to consummate any acquisition or other Investment permitted hereunder or (y) which, within 90 days of the date of such acquisition or Investment, are designated in writing to the Administrative Agent as being held for sale and not for the continued operation of the Parent Guarantor or any of its Restricted Subsidiaries or any of their respective businesses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) exchanges or swaps, including transactions covered by Section 1031 of the Code (or any comparable provision of any foreign jurisdiction), of property or assets so long as any such exchange or swap is made for fair value (as determined by the Parent Guarantor in good faith) for like property or

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assets or property, assets or services of greater value or usefulness to the business of the Parent Guarantor and its Restricted Subsidiaries as a whole, as determined in good faith by the Parent Guarantor; <u>provided</u> that upon the consummation of any such exchange or swap by any Loan Party, to the extent the property received does not constitute an Excluded Asset, the applicable Collateral Agent has a perfected Lien with the same priority as the Lien held on the property or assets so exchanged or swapped;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) (i) licensing and cross-licensing (including sub-licensing) arrangements involving any technology, intellectual property or other IP Rights of the Parent Guarantor or any Restricted Subsidiary in the ordinary course of business, (ii) Dispositions, abandonments, cancellations or lapses of intellectual property or other IP Rights, including issuances or registrations thereof, or applications for issuances or registrations thereof, in the ordinary course of business or which, in the good faith determination of the Parent Guarantor, are not necessary to the conduct of the business of the Parent Guarantor or its Restricted Subsidiaries or are obsolete or no longer economical to maintain in light of their use, and (iii) Dispositions of any technology, intellectual property or other IP Rights of the Parent Guarantor or any Restricted Subsidiary involving their customers in the ordinary course of business; provided that no Disposition of Material Intellectual Property may be made in reliance on this clause (iii);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) terminations or unwinds of Derivative Transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) Dispositions of Real Estate Assets and related assets in the ordinary course of business in connection with relocation activities for directors, officers, employees, members of management, managers or consultants, the Parent Guarantor and/or any Restricted Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) Dispositions made to comply with any order or other directive of any Governmental Authority or any applicable law, including Dispositions of any Restricted Subsidiary's Capital Stock required to qualify directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Dispositions constituting any part of a Permitted Tax Restructuring;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) any sale of motor vehicles and information technology equipment purchased at the end of an operating lease and resold thereafter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) other Dispositions involving assets with a fair market value of not more than, in the aggregate, the greater of US$86,000,000 and 10% of Consolidated Adjusted EBITDA for the most recently ended Test Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y) any netting arrangement of accounts receivable between or among the Parent Guarantor and its Restricted Subsidiaries or among Restricted Subsidiaries of the Parent Guarantor made in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z) Dispositions of, or in connection with, any Convertible Indebtedness, any Permitted Bond Hedge Transaction, any Permitted Warrant Transaction or any Packaged Right (including upon settlement, repurchase, exchange, termination or unwind thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa) any "fee in lieu" or other Disposition of assets to any Governmental Authority that continue in use by the Parent Guarantor or any Restricted Subsidiary, so long as such Parent Guarantor or any Restricted Subsidiary may obtain title to such asset upon reasonable notice by paying a nominal fee; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb) Dispositions or discounts of Receivables, or participations therein, or other Permitted Receivables Facility Assets or any Disposition of the Capital Stock in a Restricted Subsidiary all or substantially all of the assets of which are Permitted Receivables Facility Assets, or other rights to payment and related assets, in each case, in connection with any Permitted Receivables Facility permitted by <u>Section 6.01</u>;<u>**and**</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>(cc) Dispositions to Aptiv and its Subsidiaries to consummate the Spin-Off Transactions in accordance with the requirements of Sections 4.02(a) and 4.02(b);</u>** 

<u>provided</u> that (x) no Disposition made in reliance on <u>clause (h)</u> above may effect a Disposition of all or substantially all of the assets of the Parent Guarantor and its Restricted Subsidiaries, taken as a whole, and (y) no Disposition of Capital Stock of any Borrower shall be permitted if, after giving effect thereto, such Borrower shall cease to be a Wholly-Owned Subsidiary of the Parent Guarantor.

Notwithstanding anything to the contrary in this <u>Section 6.06</u>, the Parent Guarantor and its Restricted Subsidiaries shall not be permitted to transfer or license on an exclusive basis Material Intellectual Property to any Unrestricted Subsidiary; <u>provided</u>, that, for the avoidance of doubt, the Parent Guarantor and its Restricted Subsidiaries shall be permitted to grant non-exclusive licenses (or sublicenses) of any Material Intellectual Property to any Unrestricted Subsidiary.

SECTION 6.07. <u>Sale and Lease-Back Transactions</u>. The Parent Guarantor shall not, nor shall it permit any Restricted Subsidiary to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal or mixed), whether now owned or hereafter acquired, which the Parent Guarantor or any Restricted Subsidiary (a) has sold or transferred or is to sell or to transfer to any other Person (other than the Parent Guarantor or any of its Restricted Subsidiaries) and (b) intends to use for substantially the same purpose as the property which has been or is to be sold or transferred by the Parent Guarantor or any Restricted Subsidiary to any Person (other than the Parent Guarantor or any of its Restricted Subsidiaries) in connection with such lease (such a transaction described herein, a "**Sale and Lease-Back Transaction**"); <u>provided</u> that any Sale and Lease-Back Transaction shall be permitted so long as (i) the resulting Indebtedness, if any, is permitted by <u>Section 6.01</u>, (ii) the resulting Liens are permitted by <u>Section 6.02</u> and (iii) the Disposition of the assets subject to such Sale and Lease-Back Transaction is permitted by <u>Section 6.06</u>.

SECTION 6.08. <u>Transactions with Affiliates</u>. The Parent Guarantor shall not, nor shall it permit any Restricted Subsidiary to, enter into any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) involving payment in excess of the greater of US$85,000,000 and 10% of Consolidated Adjusted EBITDA for the most recently ended Test Period in any individual transaction, or series of related transactions, with any of their respective Affiliates on terms that are substantially less favorable to such Parent Guarantor or Restricted Subsidiary, as the case may be (as determined by the Parent Guarantor in good faith), than those that might be obtained at the time in a comparable arm's-length transaction from a Person who is not an Affiliate; <u>provided</u> that the foregoing restriction shall not apply to:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any transaction between or among the Parent Guarantor and/or one or more Restricted Subsidiaries to the extent permitted or not restricted by this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any issuance, sale or grant of securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment arrangements, stock options and stock ownership plans approved by the board of directors (or equivalent governing body) of the Parent Guarantor or any Restricted Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) any collective bargaining, employment, indemnification, expense reimbursement or severance agreement or compensatory (including profit sharing) arrangement entered into by the Parent Guarantor or any of its Restricted Subsidiaries with any Permitted Payee, (ii) any subscription agreement or similar agreement pertaining to the repurchase of Capital Stock pursuant to put/call rights or similar rights with any Permitted Payee and (iii) payments or other transactions pursuant to any management equity plan, employee compensation, benefit plan, stock option plan or arrangement, supplemental executive retirement benefit plan, any health, disability or similar insurance plan, or any employment contract or arrangement which covers any Permitted Payee and payments pursuant thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) (i) any Restricted Payment or Investment permitted by this Agreement and (ii) any transaction specifically permitted by <u>Sections 6.01(c)</u>, <u>(dd)</u> and <u>(ii)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the existence of, or performance by the Parent Guarantor or any Restricted Subsidiary of its obligations under the terms of, any transaction or agreement in existence on the Availability Date and set forth on <u>Schedule 6.08</u> and any amendment, modification or extension thereof to the extent such amendment, modification or extension, taken as a whole, is not materially (i) adverse to the Lenders or (ii) more disadvantageous to the Lenders than the relevant transaction in existence on the Availability Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) transactions with any Person that is an Affiliate solely because a director or officer of such Person is a director or officer of the Parent Guarantor or any Restricted Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any transaction or transactions approved in good faith by a majority of the disinterested members of the board of directors (or similar governing body) of the Parent Guarantor at such time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Guarantees permitted or not restricted by <u>Section 6.01</u> or <u>Section 6.05</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the payment of customary fees and reasonable out-of-pocket costs to, and indemnities provided on behalf of, members of the board of directors (or similar governing body), officers, employees, members of management, managers, consultants and independent contractors of the Parent Guarantor and/or any of its Restricted Subsidiaries in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) transactions with customers, clients, suppliers, licensees, Joint Ventures, purchasers or sellers of goods or services or providers of employees or other labor entered into in the ordinary course of business, which are (i) fair to the Parent Guarantor and/or its applicable Restricted Subsidiary in the good faith determination of the board of directors (or similar governing body) of the Parent Guarantor or the senior management thereof or (ii) on terms not substantially less favorable to the Parent Guarantor and/or its applicable Restricted Subsidiary as might reasonably be obtained from a Person other than an Affiliate;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) the payment of reasonable out-of-pocket costs and expenses related to registration rights and indemnities provided to shareholders under any shareholder agreement and the existence or performance by the Parent Guarantor or any Restricted Subsidiary of its obligations under any such registration rights or shareholder agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) any purchase or redemption by the Parent Guarantor of the Capital Stock of (or contribution to the equity capital of) the Parent Guarantor and any intercompany loans made by Parent Guarantor to the Parent Guarantor or any Restricted Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) any transaction in respect of which the Parent Guarantor delivers to the Administrative Agent a letter addressed to the board of directors (or equivalent governing body) of the Parent Guarantor from an accounting, appraisal or investment banking firm of nationally recognized standing stating that such transaction is fair to the Parent Guarantor or such Restricted Subsidiary from a financial point of view or stating that the terms, when taken as a whole, are not substantially less favorable to the Parent Guarantor or the applicable Restricted Subsidiary than might be obtained at the time in a comparable arm's length transaction from a Person who is not an Affiliate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) any lease entered into between the Parent Guarantor or any Restricted Subsidiary, as lessee, and any Affiliate of the Parent Guarantor, as lessor, and any transaction(s) pursuant to that lease, which lease is approved by a majority of the disinterested members of the board of directors or senior management of the Parent Guarantor in good faith; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) transactions undertaken in the ordinary course of business pursuant to membership in a purchasing consortium.<u>**; and**</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>(p)</u> <u>transactions with Aptiv and its Subsidiaries to consummate the Spin-Off Transactions in accordance with the requirements of Sections 4.02(a) and 4.02(b).</u>** 

SECTION 6.09. <u>Amendments of or Waivers with Respect to Restricted Debt</u>. The Parent Guarantor shall not, nor shall it permit any Restricted Subsidiary to, amend or otherwise modify the terms of any Restricted Debt (or the documentation governing any Restricted Debt) if the effect of such amendment or modification, together with all other amendments or modifications made, is materially adverse to the interests of the Lenders (in their capacities as such); <u>provided</u> that, for purposes of clarity, it is understood and agreed that the foregoing limitation shall not otherwise prohibit any Refinancing Indebtedness or any other replacement, refinancing, amendment, supplement, modification, extension, renewal, restatement or refunding of any Restricted Debt, in each case, that is permitted under this Agreement in respect thereof.

SECTION 6.10. <u>Financial Covenants</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) On the last day of any Test Period (commencing with the Test Period ending on the last day of the first full Fiscal Quarter ending after the Availability Date) (each such date being referred to as a "**Leverage Covenant Test Date**"), the Parent Guarantor shall not permit the Total Leverage Ratio, (i) in the case of the first four Leverage Covenant Test Dates, to be greater than 4.25:1.00, (ii) in the case of the fifth through eighth Leverage Covenant Test Dates, to be greater than 4.00:1.00 and (iii) in the case of any Leverage Covenant Test Date thereafter, to be greater than 3.75:1.00; <u>provided</u> that after a Qualifying Acquisition, the Parent Guarantor may elect to increase the maximum permitted Total Leverage Ratio for each of the four consecutive fiscal quarters ending thereafter (commencing with the fiscal quarter during which such Qualifying Acquisition is consummated) by 0.50:1.00; <u>provided</u>, <u>further</u>, (i) such increase in the Total Leverage Ratio shall be limited to two elections and (ii) following any such election, the Parent Guarantor may not exercise any subsequent election unless, as of the end of at least two consecutive Test Periods immediately preceding the exercise of such subsequent election, the Parent Guarantor has maintained a Total Leverage Ratio of not greater than the maximum ratio then permitted by this <u>Section 6.10(a)</u> without giving effect to this proviso or the immediately preceding proviso.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On the last day of any Test Period (commencing with the Test Period ending on the last day of the first full Fiscal Quarter ending after the Availability Date), the Parent Guarantor shall not permit the Interest Coverage Ratio for such Test Period to be less than 3.00:1.00.

SECTION 6.11. <u>No Flow-back to Switzerland</u>. The Parent Guarantor shall not, not nor shall it permit any Restricted Subsidiary to, use any amounts borrowed under this Agreement in a manner which would constitute a "use of proceeds in Switzerland" (*Mittelverwendung in der Schweiz*) as interpreted by the Swiss Federal Tax Administration for purposes of Swiss Withholding Tax, unless and until (a) a written confirmation (e.g., a countersigned tax ruling) is obtained from the Swiss Federal Tax Administration confirming that such use of proceeds in Switzerland shall not trigger Swiss Withholding Tax consequences or (b) any such use of proceeds does not trigger Swiss Withholding Tax consequences as a result of a change in law or change in application of law.

ARTICLE 7

EVENTS OF DEFAULT

SECTION 7.01. <u>Events of Default</u>. If any of the following events (each, an "Event of Default") shall occur:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any Loan Party shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in <u>Section 7.01(a)</u>) payable under this Agreement or the other Loan Documents, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five (5) Business Days;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any representation, warranty or certification made or deemed made by or on behalf of the Parent Guarantor, any Borrower or any Restricted Subsidiary in this Agreement or any other Loan Document or any amendment or modification thereof or waiver thereunder, or in any certificate or other document (including the Perfection Certificate) required to be delivered in connection with this Agreement or any other Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made and, in the case of any representation or warranty that is capable of being cured, such representation or warranty shall remain incorrect for a period of thirty (30) days following the earlier of any Loan Party's knowledge thereof or notice from the Administrative Agent to the Administrative Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any Loan Party shall fail to observe or perform any covenant, condition or agreement contained in <u>Section 5.02(a)</u>, <u>5.03</u> (as it applies to the preservation of the existence of the Parent Guarantor or any Borrower), <u>5.09</u> or <u>5.10</u> or in <u>Article 6</u>; <u>provided</u> that, notwithstanding the foregoing, any failure by the Parent Guarantor to comply with the Financial Covenant or any other financial covenant set forth in any Loan Document, if any, shall not constitute a Default or an Event of Default with respect to any Term B Loans or Term Loan B Commitments unless and until the Administrative Agent or the Required RCF/TLA Lenders have accelerated the Revolving Loans and/or the Term A Loans or terminated the Revolving Credit Commitments and/or Term Loan A Commitments pursuant to this <u>Section 7.01</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) any Loan Party shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those specified in <u>Section 7.01(a)</u>, <u>7.01(b)</u> or <u>7.01(d)</u>) or any other Loan Document, and such failure shall continue unremedied for a period of thirty (30) days after written notice thereof from the Administrative Agent to the Administrative Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the Parent Guarantor or any Restricted Subsidiary shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable, or if a grace period shall be applicable to such payment under the agreement or instrument under which such Material Indebtedness was created, beyond such applicable grace period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any event or condition occurs in respect of any Material Indebtedness that results in such Material Indebtedness becoming due or being required to be prepaid, repurchased, redeemed or defeased prior to its scheduled maturity or, in the case of a Hedge Agreement, terminated (other than, for the avoidance of doubt, termination events or equivalent events pursuant to the terms of the relevant Hedge Agreement which are not the result of any default thereunder by any the Parent Guarantor or any Restricted Subsidiary), or that enables or permits (with or without the giving of notice, but only after the expiration of any applicable grace period) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf, or, in the case of any Hedge Agreement, the applicable counterparty, to cause such Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, or, in the case of a Hedge Agreement, to terminate any related hedging transaction, in each case prior to its scheduled maturity or termination; <u>provided</u> that this <u>clause (g)</u> shall not apply to (i) secured Indebtedness that becomes due as a result of the voluntary sale, transfer or other Disposition of assets of the Parent Guarantor or any Restricted Subsidiary, (ii) any Indebtedness that becomes due as a result of a voluntary prepayment, repurchase, redemption or defeasance thereof or, in the case of a Hedge Agreement, any voluntary termination thereof, (iii) any requirement to, or to offer to, prepay, repurchase or redeem any Indebtedness using a portion of excess cash flow or similar financial measure, (iv) any customary debt, asset sale and equity proceeds prepayment requirements contained in any bridge or other interim credit facility, (v) any Indebtedness of any Person assumed in connection with an acquisition of such Person to the extent that such Indebtedness is repaid, repurchased or redeemed (or offered to be repaid, repurchased or redeemed) as required by the terms thereof in connection with such acquisition or (vi) any prepayment, repurchase, redemption or defeasance of any Indebtedness incurred to finance an acquisition if such acquisition is not consummated; <u>provided</u> <u>further</u> that with respect to any breach of or default under any financial covenant applicable to such Indebtedness, such breach or default shall not constitute a Default or an Event of Default with respect to any Term B Loans or Term Loan B Commitments unless and until (A) such breach or default results in the applicable Material Indebtedness becoming or being declared due or becoming or being declared required to be prepaid, repurchased, redeemed or defeased prior to its scheduled maturity or (B) unless and until the Administrative Agent or the Required RCF/TLA Lenders have accelerated the Revolving Loans and/or the Term A Loans or terminated the Revolving Credit Commitments and/or Term Loan A Commitments pursuant to this <u>Section 7.01</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, *quiebra*, reorganization, *concurso mercantil*, or other relief in respect of the Parent Guarantor, any Borrower or any Material Subsidiary or its debts, or of a substantial part of its assets, under any Debtor Relief Law (including "bankruptcy" (as that term is interpreted pursuant to Article 8 of the Interpretation (Jersey) Law 1954)), or (ii) the appointment of a receiver, trustee, *visitador*, *síndico*, examiner, custodian, sequestrator, conservator, liquidator or similar official (including the Viscount of the Royal Court of Jersey or any liquidator) for the Parent Guarantor, any Borrower or any Material Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed or unstayed for sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Parent Guarantor, any Borrower or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, *quiebra*, reorganization, *concurso mercantil*, or other relief under any Debtor Relief Law (including "bankruptcy" (as that term is interpreted pursuant to Article 8 of the Interpretation (Jersey) Law 1954)), (ii) consent to the institution of any proceeding or petition described in <u>Section 7.01(h)</u>, (iii) apply for or consent to the appointment of a receiver, examiner, trustee, *visitador*, *síndico,* custodian, sequestrator, conservator, liquidator or similar official (including the Viscount of the Royal Court of Jersey or any liquidator) for the Parent Guarantor, any Borrower or any Material Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any corporate action for the purpose of effecting any of the foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) the Parent Guarantor, any Borrower or any Material Subsidiary shall become generally unable, admit in writing its inability generally or fail generally to pay its debts as they become due;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) one or more final, non-appealable judgments for the payment of money in an aggregate amount in excess of the Threshold Amount (to the extent due and payable and not covered by insurance as to which the relevant insurance company has not denied coverage) shall be rendered against the Parent Guarantor, any Material Subsidiary or any combination thereof and the same shall remain unpaid or undischarged for a period of sixty (60) consecutive days, during which execution shall not be bonded or effectively stayed, or any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the assets of the Parent Guarantor and the Material Subsidiaries, taken as a whole, and is not released, vacated or fully bonded within sixty (60) days after its issue or levy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) an ERISA Event shall have occurred that, when taken together with all other ERISA Events that have occurred, could reasonably be expected to result in a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) a Change in Control shall occur; or

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then, and in every such Event of Default (other than (x) an Event of Default with respect to the Parent Guarantor or any Borrower described in <u>Section 7.01(h)</u> or <u>7.01(i)</u> or (y) any Standstill Event of Default prior to the occurrence of a Cross Default Trigger with respect thereto), and at any time thereafter during the continuance of such Event of Default, the Administrative Agent may with the consent of, and shall at the request of, the Required Lenders, by notice to the Administrative Borrower, take any of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments and the obligation of the Issuing Banks to issue, amend or extend any Letter of Credit shall terminate immediately, (ii) declare the Loans then outstanding to be due and payable in whole (or in part (but ratably as among the Classes), in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Loan Parties accrued under the Loan Document, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Loan Parties and (iii) require that the applicable Borrowers deposit in the LC Collateral Account an additional amount in Cash as reasonably requested by the Administrative Agent (not to exceed 103% of the then outstanding LC Exposure <u>minus</u> the amount then on deposit in the LC Collateral Account); <u>provided</u> that (A) upon the occurrence of an Event of Default with respect to the Parent Guarantor or any Borrower described in <u>Section 7.01(h)</u> or <u>7.01(i)</u>, all Commitments, and all obligations of any Issuing Bank to issue, amend or extend any Letter of Credit, shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Loan Parties accrued under the Loan Documents, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Loan Parties, and the obligation of the applicable Borrowers to Cash collateralize the outstanding Letters of Credit as aforesaid shall automatically become effective, in each case without further action of the Administrative Agent or any Lender and (B) during the continuance of any Event of Default that is a Standstill Event of Default (and solely prior to the occurrence of a Cross Default Trigger with respect thereto), upon the request of the Required RCF/TLA Lenders (but not the Required Lenders or any other Lender or group of Lenders), the Administrative Agent shall, by notice to the Administrative Borrower, (1) terminate the Revolving Credit Commitments and the Term Loan A Commitments, and thereupon all the Revolving Credit Commitments and Term Loan A Commitments, and all obligations of any Issuing Bank to issue, amend or extend any Letter of Credit, shall terminate immediately, (2) declare the Revolving Loans and the Term A Loans then outstanding to be due and payable in whole (or in part (but ratably as among the Classes), in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Revolving Loans and Term A Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrowers accrued hereunder in respect of any Revolving Facility or any Term A Facility, shall become due and payable immediately, without presentment, demand, protest or other notice in respect thereof of any kind, all of which are hereby waived by the Loan Parties and (3) require that applicable Borrowers deposit in the LC Collateral Account an additional amount in Cash as reasonably requested by the Issuing Banks (not to exceed 103% of the then outstanding LC Exposure <u>minus</u> the amount then on deposit in the LC Collateral Account). Upon the occurrence and during the continuance of an Event of Default (other than any Standstill Event of Default prior to the occurrence of a Cross Default Trigger with respect thereto), the Administrative Agent may (and may instruct any Collateral Agent to), and at the request of the Required Lenders shall (and shall instruct any Collateral Agent to), exercise any rights and remedies provided to the Administrative Agent or any Collateral Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC; and upon the occurrence and during the continuance of an Event of Default that is a Standstill Event of Default (and solely prior to the occurrence of a Cross Default Trigger with respect thereto), the Administrative

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Agent may (and may instruct any Collateral Agent to), and at the request of the Required RCF/TLA Lenders shall, exercise any rights and remedies provided to the Administrative Agent or any Collateral Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC.

ARTICLE 8

THE AGENTS

SECTION 8.01. <u>Appointment and Authorization</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the Lenders and the Issuing Banks hereby irrevocably appoints (and each other Secured Party will be deemed, by its acceptance of the benefits of the Collateral and of the Loan Guarantees, to have irrevocably appointed) (i) JPMorgan (or any successor in such capacity appointed pursuant hereto) as Administrative Agent and Domestic Collateral Agent and Wilmington Trust (or any successor in such capacity appointed pursuant hereto) as Foreign Collateral Agent, and authorizes each such Agent to take such actions on its behalf, including execution of the other Loan Documents and any other documents with respect to the rights of the Secured Parties and the Collateral as contemplated by this Agreement and the other Loan Documents, and to exercise such powers as are delegated to such Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto, and (ii) for purposes of Mexican law, each of the Administrative Agent, the Domestic Collateral Agent and the Foreign Collateral Agent as its *comisionista mercantil con representación* pursuant to Articles 273, 274 and other applicable articles of the Mexican Commerce Code (*Código de Comercio*) under this Agreement and the other Loan Documents, and each such Agent hereby accepts such appointment. In addition, to the extent required under the laws of any jurisdiction other than the United States, (A) each of the Lenders and the Issuing Banks hereby appoints (and each other Secured Party will be deemed, by its acceptance of the benefits of the Collateral and of the Loan Guarantee, to have appointed) the Foreign Collateral Agent to hold the Collateral on trust for the benefit of the Secured Parties, and the Foreign Collateral Agent accepts such appointment and agrees to hold and apply the Collateral in accordance with the Loan Documents, and (B) each of the Lenders and the Issuing Banks hereby grants (and each other Secured Party will be deemed, by its acceptance of the benefits of the Collateral and of the Loan Guarantee, to have granted) to the Foreign Collateral Agent any required powers of attorney to execute any Collateral Document governed by the laws of such jurisdiction on such Lender's (or such other Secured Party's) behalf, and the Foreign Collateral Agent hereby accepts such grant.

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Agent pursuant to <u>Section 8.04</u> or <u>8.08</u> for purposes of holding or enforcing any Lien on any Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies under the Loan Documents, shall be entitled to the benefits of all indemnity, reimbursement and exculpatory provisions of this <u>Article 8</u> and of <u>Sections 9.03</u> and <u>9.04</u> (as though the Common Collateral Agent or such co-agents, sub-agents and attorneys-in-fact were the "collateral agent" under the Loan Documents) as if set forth in full herein with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Without limiting <u>Section 8.01(a)</u> or <u>8.01(b)</u>, in relation to any Polish Collateral Document, the Foreign Collateral Agent shall hold, administer and realize any Collateral granted under such Polish Collateral Document in accordance with Polish law and the terms of this Agreement and the other applicable Loan Documents. Each of the Lenders and the Issuing Banks hereby irrevocably authorizes (and each other Secured Party will be deemed, by its acceptance of the benefits of the Collateral and of the Loan Guarantees, to have irrevocably authorized) the Foreign Collateral Agent to act on its behalf in connection with the preparation, execution or amendment of, or any release of Liens created under, any Polish Collateral Document and to make all statements and execute all documents necessary or appropriate in connection therewith. In the event any Common Collateral Agent shall be a party to any Polish Collateral Document, the foregoing provisions of this paragraph shall apply to such Common Collateral Agent as if each reference therein to the Foreign Collateral Agent were a reference to such Common Collateral Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Without limiting <u>Section 8.01(a)</u> or <u>8.01(b)</u>, in relation to any Swiss Collateral Document:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Foreign Collateral Agent shall (A) hold, administer and (subject to the same having become enforceable in accordance with this Agreement, the applicable Swiss Collateral Document and any other relevant Loan Document) realize any Collateral granted under a Swiss Collateral Document which is a Collateral transferred or assigned for security purposes (*Sicherungs-über-eignung/Sicherungsabtretung*) or otherwise granted under a non-accessory security right (*nicht-akzessorische Sicherheit*) as a fiduciary (*Treuhänder*) in its capacity as Foreign Collateral Agent in its own name but for the account for the Secured Parties which have the benefit of such Collateral in accordance with this Agreement and the applicable Swiss Collateral Document and (ii<u>**B**</u>) hold, administer and (subject to the same having become enforceable in accordance with this Agreement, the applicable Swiss Collateral Document and any other relevant Loan Document) realize any Collateral granted under a Swiss Collateral Document which is pledged (*Pfandrecht*) or otherwise granted under an accessory security right (*akzessorische Sicherheit*) as a direct representative (*direkter Stellvertreter*) in its capacity as Foreign Collateral Agent in the name and on behalf of the Secured Parties which have the benefit of such Collateral in accordance with this Agreement and the respective Swiss Collateral Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Secured Party that becomes a party to this Agreement after the date of this Agreement (and each Person that otherwise becomes a Secured Party after the date of this Agreement) ratifies and approves all acts and declarations previously done by the Foreign Collateral Agent on such Secured Party's behalf in relation to the creation of any pledge or other accessory security right in the name and on behalf of any Secured Party in respect of the Swiss Collateral Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Each Secured Party (other than the Foreign Collateral Agent) hereby authorizes the Foreign Collateral Agent to:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) accept as its direct representative (*direkter Stellvertreter*) in its capacity as Foreign Collateral Agent any pledge or other accessory security right made to the Secured Parties under or pursuant to a Swiss Collateral Document and to act and execute on its behalf as a direct representative (*direkter Stellvertreter*), in its capacity as Foreign Collateral Agent, subject to the terms of this Agreement and the applicable Swiss Collateral Document, amendments or releases of, accessions and alterations to, and to carry out similar dealings with regard to any Swiss Collateral Document which creates a pledge or any other accessory security right;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) act on its behalf in connection with the preparation, execution and delivery of any Swiss Collateral Document and the perfection of any security interest in any Collateral created under, and the performance of, such Swiss Collateral Document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) execute on behalf of itself and each other Secured Party where relevant without the need for any further referral to, or authority from, any other Person all necessary releases or confirmations of any Collateral and all amendments to the Swiss Collateral Documents; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) make all statements necessary or appropriate in connection with the foregoing paragraphs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Each of the Secured Parties hereby releases the Foreign Collateral Agent from the restrictions of representing several parties (*Doppel-/Mehrfachvertretung*) or engaging in self-dealing (*Insichgeschäft*) and similar restrictions under any applicable law, in each case to the extent legally possible for such Secured Party. Any Secured Party prevented by applicable law or its constitutional documents to grant the release from the restrictions of representing several parties (*Doppel-/Mehrfachvertretung*) or engaging in self-dealing (*Selbstkontrahieren*) shall notify the Administrative Agent and each Collateral Agent without undue delay.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) In the event any Common Collateral Agent shall be a party to any Swiss Collateral Document, the foregoing provisions of this <u>Section 8.01(d)</u> shall apply to such Common Collateral Agent as if each reference therein to the Foreign Collateral Agent were a reference to such Common Collateral Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Lenders and the Issuing Banks hereby irrevocably authorize the Administrative Agent to determine, in connection with any Foreign Subsidiary becoming a Subsidiary Guarantor, the terms and conditions of any limitations to be set forth in the Guarantee Supplement or any applicable Collateral Document to be executed by such Foreign Subsidiary as are applicable or customary under the laws of the jurisdiction of incorporation or organization of such Foreign Subsidiary.

SECTION 8.02. <u>The Agents Individually</u>. Any Person serving as the Administrative Agent and/or a Collateral Agent under the Loan Documents shall have the same rights and powers in its capacity as a Lender or an Issuing Bank as any other Lender or Issuing Bank and may exercise the same as though it were not the Administrative Agent and/or a Collateral Agent, and the term "Lender", "Lenders", "Issuing Bank" and "Issuing Banks" shall, unless the context otherwise requires or unless such Person is in fact not a Lender or an Issuing Bank, include each Person serving as the Administrative Agent and/or a Collateral Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of banking, trust or other business with the Parent Guarantor, any of its Subsidiaries or any other Affiliate thereof as if it were not the Administrative Agent and/or a Collateral Agent hereunder and without any duty to account therefor to the Lenders or the Issuing Banks.

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SECTION 8.03. <u>Limitation of Liability</u>. In performing its functions and duties hereunder and under the other Loan Documents, each Agent is acting solely on behalf of the Lenders and the Issuing Banks (except, in the case of the Administrative Agent in limited circumstances expressly provided for herein relating to the maintenance of the Register), and its duties are entirely mechanical and administrative in nature. Without limiting the generality of the foregoing, (a) no Agent assumes or shall be deemed to have assumed any obligation or duty or any other relationship as the agent, fiduciary or trustee of or for any Lender, any Issuing Bank or any other Secured Party, other than as expressly set forth herein and in the other Loan Documents, regardless of whether a Default or an Event of Default exists, and the use of the term "agent" (or any similar term) herein and in the other Loan Documents with reference to any Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law, it being understood that such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties, and each Lender and Issuing Bank agrees (and each other Secured Party will be deemed, by its acceptance of the benefits of the Collateral and of the Loan Guarantee, to have agreed) that it will not assert any claim against any Agent based on an alleged breach of fiduciary duty by such Agent in connection with this Agreement, any other Loan Document and/or the transactions contemplated hereby or thereby, (b) where any Collateral Agent is required or deemed to act as a trustee in respect of any Collateral over which a security interest has been created pursuant to a Loan Document expressed to be governed by the laws of any jurisdiction other than the U.S., or is required or deemed to hold any Collateral "on trust" pursuant to the foregoing, the obligations and liabilities of such Collateral Agent to the Secured Parties in its capacity as trustee shall be excluded to the fullest extent permitted by applicable law, (c) as to any matters not expressly provided for herein and in the other Loan Documents (including enforcement or collection), the Agents shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written instructions of the Administrative Agent (in the case of the Foreign Collateral Agent) or the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the applicable Agent shall believe in good faith (acting on its own initiative and not on the instructions of the Lenders or, in the case of the Foreign Collateral Agent, not on the instructions of the Administrative Agent, as applicable) to be necessary, under the circumstances as provided in the Loan Documents), and, unless and until revoked in writing, such instructions shall be binding upon each of the Lenders and the Issuing Banks; <u>provided</u> that no Agent shall be required to take any action (i) unless it is furnished with indemnification satisfactory to such Agent with respect thereto, (ii) if such action would subject such Agent to a Tax in any jurisdiction where it is not then subject to a Tax, (iii) if such action would require such Agent to qualify to do business in any jurisdiction where it is not then so qualified or (iv) that, in its opinion or the opinion of its counsel, may expose such Agent to Liability or that is contrary to any Loan Document or applicable law, including any action that may be in violation of the automatic stay under any Debtor Relief Laws or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law, <u>provided</u>, <u>further</u>, that each Agent may seek clarification or direction from the Administrative Agent (in the case of the Foreign Collateral Agent) or the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the applicable Agent shall believe in good faith (acting on its own initiative and not on the instructions of the Lenders or, in the case of the Foreign Collateral Agent, not on the instructions of the Administrative Agent, as applicable) to be necessary, under the circumstances as provided in the Loan Documents) prior to the exercise of any such instructed action, as to whether, and in what manner, it should exercise or refrain from exercising any such instructed action and may refrain from acting until such clarification or direction has been provided, and (d) except as expressly set forth in the Loan Documents, no Agent shall have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Parent Guarantor or any

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of its Subsidiaries or other Affiliates that is communicated to or obtained by the Person serving as the applicable Agent or any of its Affiliates in any capacity. No Agent shall be liable to the Lenders, the Issuing Banks or any other Secured Party for any action taken or not taken by it with the consent or at the request of the Administrative Agent (in the case of the Foreign Collateral Agent) or the Required Lenders (or such other number or percentage of the Lenders as is necessary, or as the applicable Agent believes in good faith (acting on its own initiative and not on the instructions of the Lenders or, in the case of the Foreign Collateral Agent, not on the instructions of the Administrative Agent, as applicable) shall be necessary, under the relevant circumstances as provided in <u>Section 9.02</u>) or in the absence of its own gross negligence or willful misconduct, as determined by the final judgment of a court of competent jurisdiction, in connection with its duties expressly set forth herein. Without limiting the generality of the foregoing, no Agent shall be liable to the Lenders, the Issuing Banks or any other Secured Party for, or be responsible for any loss, cost or expense suffered by any Lender, any Issuing Bank or any other Secured Party as a result of, the terms and conditions of any Intercreditor Agreement. No Agent shall be deemed to have knowledge of any Default or Event of Default unless and until written notice thereof (stating that it is a "notice of default") is given to the applicable Agent by the Parent Guarantor, any Borrower, any Lender or any Issuing Bank (or, in the case of the Foreign Collateral Agent, by the Administrative Agent), and no Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered under or in connection with any Loan Document, (iii) the performance, exercise or observance (as applicable) of any covenant, agreement, right, power, authority, discretion or other term or condition set forth in any Loan Document or the occurrence of any Default or Event of Default, (iv) the legality, validity, enforceability, effectiveness, accuracy, completeness, sufficiency, value, adequacy or genuineness of any Loan Document or any other agreement, instrument or document (including, for the avoidance of doubt, in connection with any Agent's reliance on any Electronic Signature transmitted by email or any other electronic means), (v) the creation, perfection or priority of any Lien on the Collateral or the existence, value, collectability or sufficiency of the Collateral or to assure that the Liens granted to any Foreign Collateral Agent (or, in each case, its appointed sub-agent or bailee) pursuant to any Loan Document have been or will continue to be properly or sufficiently or lawfully created, perfected or enforced or are entitled to any particular priority, (vi) the satisfaction of any condition set forth in <u>Article 4</u> or elsewhere in any Loan Document, other than to confirm receipt of items (which on their face purport to be such items) expressly required to be delivered to the Administrative Agent or to be satisfactory to the Administrative Agent, (vii) any property, book or record of any Loan Party or any Affiliate thereof, (viii) the adequacy, accuracy or completeness of any information (whether oral or written) supplied by any Agent, any Arranger, any Loan Party or any other Person in or in connection with any Loan Document or the transactions contemplated in the Loan Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Loan Document, or (ix) any determination as to whether any information provided or to be provided to any Secured Party is MNPI the use of which may be regulated or prohibited by applicable law or regulation relating to insider dealing or otherwise. Notwithstanding anything herein to the contrary, no Agent shall be liable for, or be responsible for any Liabilities, cost or expense suffered by any Loan Party, any Lender or any Issuing Bank as a result of, any determination of (A) any Exchange Rate or any U.S. Dollar Equivalent, or the component amounts of any of the foregoing, (B) the existence or amount of any Secured Hedging Obligations or Banking Services Obligations and (C) whether any Person is an Eligible Assignee or any Lender is a Defaulting Lender, a Disqualified Institution or a Disqualified Person, or the effective date of such status, it being further understood and agreed that the Agents shall not have any obligation to determine whether any Person is an Eligible Assignee or any Lender is a Defaulting Lender, a Disqualified Institution or a Disqualified Person. No Agent shall be deemed to have knowledge of any Lender being a Restricted Lender unless and until the applicable Agent shall have received the written notice from such Lender referred to in <u>Section 1.16</u>, and then only as and to the extent specified in such notice, and any determination of whether the Required Lenders or any other requisite Lenders shall have

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provided a consent or direction in connection with this Agreement shall not be affected by any delivery to any Agent of any such written notice subsequent to such consent or direction being provided by the Required Lenders or other requisite Lenders. Each Agent may treat the payee of any promissory note as its holder until such promissory note has been assigned in accordance with <u>Section 9.05</u> and may rely on the Register to the extent set forth in <u>Section 8.05(b)</u>. The motivations of each Agent are commercial in nature and not to invest in the general performance or operations of the Parent Guarantor or its Subsidiaries. Nothing in this Agreement or any other Loan Document shall require (x) any 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 or (y) any Agent to account to any Lender, any Issuing Bank or any other Secured Party for any sum or the profit element of any sum received by such Agent for its own account. The duties and obligations of the Agents under the Loan Documents shall be several and not joint.

No Agent shall be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of such Agent's Lien thereon or any certificate prepared by any Loan Party in connection therewith, nor shall any Agent be responsible or liable to the Lenders or any other Secured Party for any failure to monitor or maintain any portion of the Collateral. No Agent shall have any duty as to any Collateral in its possession or in the possession of someone under its control, or in the possession or control of any agent or nominee of such Agent, or any income thereon or as to the preservation of the rights of prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care as it accords similar assets held for the benefit of third parties and the duty to account for monies received by it.

Each Agent shall be afforded all of the rights, powers, immunities and indemnities set forth in this Agreement in all of the Loan Documents to which it is a signatory or beneficiary as if such rights, powers, immunities and indemnities were specifically set forth in each other Loan Document.

SECTION 8.04. <u>Concerning the Foreign Collateral Agent</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Foreign Collateral Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, and shall not be required to exercise any discretion or take any discretionary action, but shall be required to act or refrain from acting (and shall be fully protected in so acting or refraining from acting) on the instructions of the Administrative Agent (or the Required Lenders or such other number or percentage of the Lenders as shall expressly be required under this Agreement or the other Loan Documents). The Foreign Collateral Agent shall not have any liability for any action taken, or errors in judgment made, in good faith by it or any of its officers, employees or agents, unless it shall have been negligent in ascertaining the pertinent facts. The permissive rights of the Foreign Collateral Agent to do things enumerated in this Agreement shall not be construed as a duty and, with respect to such permissive rights, the Foreign Collateral Agent shall not be answerable in respect thereof other than for its gross negligence or willful misconduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Foreign Collateral Agent shall be entitled to request instructions or directions, or clarification of any instruction or direction, from the Administrative Agent (or the Required Lenders or such other number or percentage of the Lenders as shall expressly be required under this Agreement or the other Loan Documents) as to whether, and in what manner, it should exercise or refrain from exercising any right, power, authority or discretion, and the Foreign Collateral Agent shall be fully justified in failing or refusing to take any action under any Loan Document unless it shall first receive such consent or direction from the Administrative Agent (or the Required Lenders or such other number or percentage of the Lenders as shall expressly be required under this Agreement or the other Loan

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Documents). Unless a contrary indication appears in a Loan Document, any instructions or directions given by the Administrative Agent to the Collateral Agent shall override any conflicting instructions given by any other Persons and will be binding on all Secured Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Foreign Collateral Agent may refrain from acting in accordance with any instructions of the Administrative Agent (or, if applicable, any Secured Party or group of Secured Parties) until it has received any indemnification and/or security and/or prefunding that it may in its discretion require (which may be greater in extent than that contained in the Loan Documents and which may include payment in advance) for any cost, loss or liability (together with any applicable tax) which it may incur in complying with those instructions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In exercising any right, power, authority, determination, designation, demand, appointment, request or discretion, in each case, in relation to the enforcement of the Liens over any Collateral or otherwise in relation to any Collateral, in each case, under any Collateral Document, (i) the Foreign Collateral Agent shall inform the Administrative Agent promptly thereof (and, unless not reasonably practicable under the circumstances, prior to the exercise thereof shall seek instructions or directions from the Administrative Agent with respect thereto) and (ii) where it has not received any instructions or directions from the Administrative Agent as to the exercise thereof, the Collateral Agent may (but shall not be obligated to) act, or refrain from acting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding any other provision in a Loan Document, the Foreign Collateral Agent is not authorized to act on behalf of a Secured Party (without first obtaining such Secured Party's consent) in any legal or arbitration proceedings relating to any Loan Document; <u>provided</u> that the foregoing shall not apply to any legal or arbitration proceeding relating to the perfection, preservation or protection of rights under the Collateral Documents or enforcement of the Liens created under the Collateral Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Foreign Collateral Agent shall promptly provide to the Administrative Agent the original or a copy of any notice or other communication (including any joinder, supplement or accession to any Collateral Document or any request by any Loan Party for the extension of time for the performance of any of its obligations under any Collateral Document), or any other document or information (including any possessory Collateral), received by it from or on behalf of any Loan Party under any Collateral Document. Except where a Loan Document expressly provides otherwise, the Foreign Collateral Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Foreign Collateral Agent may assume that (i) any instructions or directions received by it from the Administrative Agent (or, where applicable, the Required Lenders or such other number or percentage of the Lenders as shall expressly be required under this Agreement or the other Loan Documents) are duly given in accordance with the terms of the Loan Documents, (ii) unless it has received notice of revocation thereof from the Administrative Agent, that those instructions and directions have not been revoked and (iii) any notice or request made by the Parent Guarantor or any Borrower is made on behalf of and with the consent and knowledge of all the Loan Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Foreign Collateral Agent may act in relation to the Loan Documents and the Collateral through its officers, employees and agents and shall not (i) be liable for any error of judgement made by any such Person or (ii) be bound to supervise, or be in any way responsible for any loss incurred by reason of misconduct, omission or default on the part, of any such Person, except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Foreign Collateral Agent acted with gross negligence or willful misconduct in the selection of such agent or that such error or such loss was directly caused by the Foreign Collateral Agent's gross negligence or willful misconduct.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Foreign Collateral Agent may disclose to the Administrative Agent any information it reasonably believes it has received as Collateral Agent under the Loan Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Notwithstanding any other provision of any Loan Document to the contrary, (i) the Foreign Collateral Agent is not obligated to do or omit to do anything if it would, or might in its reasonable opinion, constitute a breach of any applicable law or regulation or a breach of a fiduciary duty or duty of confidentiality and (ii) the Foreign Collateral Agent is not obligated to expend or risk its own funds or otherwise incur any liability (financial or otherwise) in the performance of its duties, obligations or responsibilities or the exercise of any right, power, authority or discretion if it has grounds for believing the repayment of such funds or adequate indemnity against, or security for, such risk or liability is not reasonably assured to it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The Foreign Collateral Agent shall not be bound to inquire (i) whether or not any Default has occurred, (ii) as to the performance, default or any breach by any other party to any Loan Document of its obligations under any Loan Documents or (c<u>**iii**</u>) whether any event specified in any Loan Document has occurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) The Foreign Collateral Agent shall not be liable for any failure to (i) require the deposit with it of any deed or document certifying, representing or constituting the title of any Loan Party to any of the Collateral, (ii) obtain any license, consent or other authority for the execution, delivery, legality, validity, enforceability or admissibility in evidence of any Loan Document or the Collateral, (iii) register, file or record or otherwise protect any of the Collateral (or the priority of any of the Collateral) under any law or regulation or to give notice to any Person of the execution of any Loan Document or of the Collateral (other than notice to the Administrative Agent with respect to the execution of any Collateral Document (including any accessions, supplements or joinders) that is executed after the date hereof), (d<u>**iv**</u>) take, or to require any Loan Party to take, any step to perfect its title to any of the Collateral or to render the Collateral effective or to secure the creation of any ancillary Lien under any law or regulation or (iv<u>**v**</u>) require any further assurance in relation to any Collateral Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) The Foreign Collateral Agent shall be entitled to accept without enquiry, and shall not be obliged to investigate, any right and title that any Loan Party may have to any of the Collateral and shall not be liable for, or bound to require any Loan Party to remedy, any defect in its right or title.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) The Foreign Collateral Agent shall not be obliged (i) to insure any of the Collateral, (ii) to require any other Person to maintain any insurance or (iii) to verify any obligation to arrange or maintain insurance contained in any Loan Document, and the Foreign Collateral Agent shall not be liable for any damages, costs or losses to any person as a result of the lack of, inadequacy of, such insurance. Where the Foreign Collateral Agent is named on any insurance policy as an insured party, it shall not be liable for any damages, costs or losses to any Person as a result of its failure to notify the insurers of any material fact relating to the risk assumed by such insurers or any other information of any kind, unless the Administrative Agent requests it to do so in writing and the Collateral Agent fails to do so within fourteen days after receipt of that request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) (i) Without limiting <u>Section 8.04(o)(ii)</u> (and without prejudice to any other provision of any Loan Document excluding or limiting the liability of the Foreign Collateral Agent or any of its sub-agents), neither the Foreign Collateral Agent nor any sub-agent thereof will be liable (including, without limitation, for negligence or any other category of liability whatsoever) for:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) any damages, costs or losses to any Person, any diminution in value, or any liability whatsoever arising as a result of taking or not taking any action at the direction of the Administrative Agent (or the Required Lenders or such other number or percentage of the Lenders as shall expressly be required under this Agreement or the other Loan Documents);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) exercising, or not exercising, any right, power, authority or discretion given to it by, or in connection with, any Loan Document, the Collateral or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with, any Loan Document or the Collateral, except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Foreign Collateral Agent or its sub-agent acted with gross negligence or willful misconduct;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) any shortfall which arises on the enforcement or realization of the Collateral; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) without prejudice to the generality of <u>clauses (A)</u> to <u>(C)</u> above, any damages, costs or losses to any Person, any diminution in value or any liability whatsoever arising as a result of (x) any act, event or circumstance not reasonably within its control; or (y) the general risks of investment in, or the holding of assets in, any jurisdiction, including (in each case and without limitation) such damages, costs, losses, diminution in value or liability arising as a result of: nationalization, expropriation or other governmental actions; any regulation, currency restriction, devaluation or fluctuation; market conditions affecting the execution or settlement of transactions or the value of assets, the unavailability of the Federal Reserve Bank wire or other wire or communication facility; breakdown, failure or malfunction of any third-party transport, telecommunications, computer services or systems, computer viruses; natural disasters or acts of God; war, riots, terrorism, insurrection or revolution, epidemics, pandemics; or lockouts, strikes or industrial action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) No party to this Agreement or any other Loan Document (other than the Foreign Collateral Agent or its sub-agents) may take any proceedings against any officer, employee or agent of the Foreign Collateral Agent or its sub-agents in respect of any claim it might have against the Foreign Collateral Agent or its sub-agents or in respect of any act or omission of any kind by that officer, employee or agent in relation to any Loan Document or any Collateral and any officer, employee or agent of the Foreign Collateral Agent or its sub-agents may rely on this paragraph subject to any applicable law or regulation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) The Foreign Collateral Agent will not be responsible for, nor chargeable with, knowledge of the terms and conditions of any agreement, instrument or document other than the Loan Documents to which it is a party, whether or not an original or a copy of such agreement, instrument or document has been provided to the Foreign Collateral Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) The Foreign Collateral Agent shall not be responsible for, or have any liability for, or have any duty to investigate, a violation or potential violation of an Environmental Law or a release or threat of release of a Hazardous Material, nor shall it have any Liability for any action it takes or does not take in connection with any such investigation. In connection with the exercise of any rights or remedies in respect of, or foreclosure or realization upon, any Real Estate Asset pursuant to this Agreement or any other Loan Document, the Foreign Collateral Agent shall not be obligated to take title to or possession of real property in its own name, or otherwise in form or manner that may, in its reasonable judgment,

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expose it to Liability. In the event that the Foreign Collateral Agent deems that it may be considered an "owner or operator" under any Environmental Law or otherwise cause the Foreign Collateral Agent to incur, or be exposed to, any Environmental Liability or Liability under any other federal, state or local law, the Foreign Collateral Agent reserves the right, instead of taking such action, either to resign subject to the terms and conditions of this Agreement or arrange for the transfer of the title or control of the asset to an acquisition vehicle formed by the Administrative Agent or the Lenders or to a court appointed receiver. The Foreign Collateral Agent shall not be liable to any Person for any Environmental Liability or any environmental claims or contribution actions under any Environmental Law by reason of the Foreign Collateral Agent's action and conduct as authorized, empowered and directed hereunder or relating to any kind of Release<u>**release**</u> or threatened Release<u>**release**</u> of any Hazardous Materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) Nothing in this Agreement shall oblige the Foreign Collateral Agent to carry out (i) any "know your customer" or other checks in relation to any Person or (ii) any check on the extent to which any transaction contemplated by this Agreement might be unlawful for any Loan Party, on behalf of any Secured Party, and each Loan Party confirms to the Foreign Collateral Agent that it is solely responsible for any such checks it is required to carry out and that it may not rely on any statement in relation to such checks made by the Foreign Collateral Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) Without prejudice to any provision of any Loan Document excluding or limiting the liability of the Foreign Collateral Agent or its sub-agents, any liability of the Foreign Collateral Agent or its sub-agents arising under or in connection with any Loan Document or the Collateral shall be limited to the amount of actual loss which has been finally judicially determined to have been suffered (as determined by reference to the date of default of the Foreign Collateral Agent or its sub-agents or, if later, the date on which the loss arises as a result of such default) but without reference to any special conditions or circumstances known to the Foreign Collateral Agent or its sub-agents at any time which increase the amount of that loss. In no event shall the Foreign Collateral Agent or its sub-agents be liable for any loss of profits, goodwill, reputation, business opportunity or anticipated saving, or for special, punitive, indirect or consequential damages, whether or not the Foreign Collateral Agent or its sub-agents has been advised of the possibility of such loss or damages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) In acting as agent or trustee for the Secured Parties, the Foreign Collateral Agent shall be regarded as acting through its agency division which shall be treated as a separate entity from any other of its divisions or departments. If information is received by another division or department of the Foreign Collateral Agent, it may be treated as confidential to that division or department and the Foreign Collateral Agent shall not be deemed to have notice of it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) The Foreign Collateral Agent may (but shall not be obligated to) appoint and pay any Person to act as a custodian or nominee on any terms in relation to any asset of the trust as the Foreign Collateral Agent may determine, including for the purpose of depositing with a custodian this Agreement or any document relating to the trust created under this Agreement, and the Foreign Collateral Agent shall not be responsible for any loss, liability, expense, demand, cost, claim or proceedings incurred by reason of the misconduct, omission or default on the part of any Person appointed by it under this Agreement, except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Foreign Collateral Agent acted with gross negligence or willful misconduct in the selection of such Person, or be bound to supervise the proceedings or acts of any Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Any corporation, association or other entity into which the Foreign Collateral Agent may be converted or merged, or with which it may be consolidated, or to which it may sell or transfer all or substantially all of its corporate trust business and assets as a whole or substantially as a whole, or any corporation or association resulting from any such conversion, sale, merger, consolidation or transfer to

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which the Foreign Collateral Agent is a party, will be and become the successor of the Foreign Collateral Agent under this Agreement and will have and succeed to the rights, powers, duties, immunities and privileges as its predecessor, without the execution or filing of any instrument or paper or the performance of any further act.

SECTION 8.05. <u>Enforcement; Credit Bidding</u>. Each Lender and Issuing Bank agrees that, except with the written consent of the Administrative Agent, it will not take any enforcement action hereunder or under any other Loan Document, accelerate the Loan Document Obligations under any Loan Document, or exercise any right that it might otherwise have under applicable law or otherwise to credit bid at any foreclosure sale, UCC sale, any sale under Section 363 of the Bankruptcy Code or other similar Dispositions of Collateral. Notwithstanding the foregoing, a Lender or Issuing Bank may take action to preserve or enforce its rights against a Loan Party where a deadline or limitation period is applicable that would, absent such action, bar enforcement of the Loan Document Obligations held by such Lender or Issuing Bank, including the filing of a proof of claim in a case under the Bankruptcy Code or any other applicable Debtor Relief Law.

Notwithstanding anything to the contrary contained herein or in any of the other Loan Documents, the Parent Guarantor, each Borrower, the Collateral Agents, the Administrative Agent and each Secured Party agree that (i) except as expressly permitted by the immediately preceding paragraph, no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce any Loan Guarantee, it being understood and agreed that all powers, rights and remedies hereunder and under the other Loan Documents as to any Collateral or Loan Guarantee may be exercised solely by the Administrative Agent and/or the Collateral Agent on behalf of the Secured Parties in accordance with the terms hereof or thereof, and (ii) in the event of a foreclosure by the Administrative Agent or any Collateral Agent on any of the Collateral pursuant to a public or private sale or in the event of any other Disposition (including pursuant to Section 363 of the Bankruptcy Code), (A) the Administrative Agent, as agent for and representative of the Secured Parties, shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such sale, to use and apply all or any portion of the Obligations (except for any Obligations owing to the Foreign Collateral Agent) as a credit on account of the purchase price for any Collateral payable by the Administrative Agent or any Collateral Agent at such Disposition and (B) the Administrative Agent, any Collateral Agent or any Lender may be the purchaser or licensor of all or any portion of such Collateral at any such Disposition.

No holder of any Secured Hedging Obligation or Banking Services Obligation in its capacity as such shall have any rights in connection with the management or release of any Collateral or of the obligations of any Loan Party under this Agreement or any other Loan Document. By accepting the benefits of the Collateral, each Secured Party that is a party to any agreement relating to Secured Hedging Obligations or Banking Services Obligations, as applicable, shall be deemed to have appointed Persons named herein (and their successors and assigns) as the Administrative Agent or a Collateral Agent to act in such capacity under the Loan Documents and agreed to be bound by the Loan Documents as a Secured Party thereunder.

Each of the Lenders and Issuing Banks hereby irrevocably authorizes (and by entering into a Hedge Agreement with respect to any Secured Hedging Obligation and/or by entering into documentation in connection with any Banking Services Obligation, each of the other Secured Parties hereby authorizes and shall be deemed to authorize) the Administrative Agent or any Collateral Agent, on behalf of all Secured Parties, to take any of the following actions upon the instruction of the Required Lenders:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) consent to the Disposition of all or any portion of the Collateral free and clear of the Liens securing the Obligations in connection with any Disposition pursuant to the applicable provisions of the Bankruptcy Code, including Section 363 thereof, or other applicable Debtor Relief Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) credit bid all or any portion of the Obligations (including by accepting some or all of the Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise), or purchase all or any portion of the Collateral (in each case, either directly or through one or more acquisition vehicles), in connection with any Disposition of all or any portion of the Collateral pursuant to the applicable provisions of the Bankruptcy Code, including under Section 363, 1123 or 1129 thereof, or other applicable Debtor Relief Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) credit bid all or any portion of the Obligations, or purchase all or any portion of the Collateral (in each case, either directly or through one or more acquisition vehicles), in connection with any Disposition of all or any portion of the Collateral pursuant to the applicable provisions of the UCC, including pursuant to Sections 9-610 or 9-620 of the UCC, or other applicable Debtor Relief Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) credit bid all or any portion of the Obligations, or purchase all or any portion of the Collateral (in each case, either directly or through one or more acquisition vehicles), in connection with any foreclosure or other Disposition conducted in accordance with applicable law following the occurrence of an Event of Default, including by power of sale, judicial action or otherwise; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) estimate the amount of any contingent or unliquidated Obligations of such Lender or other Secured Party;

it being understood that no Lender or Issuing Bank shall be required to fund any new amount in connection with any purchase of all or any portion of the Collateral by the Collateral Agent pursuant to the foregoing <u>clause (b)</u>, <u>(c)</u> or <u>(d)</u> without its prior written consent.

Each Secured Party agrees that no Agent is under any obligation to credit bid any part of the Obligations or to purchase or retain or acquire any portion of the Collateral. For the avoidance of doubt, nothing in this <u>Article 8</u> shall limit any rights of any of the Parent Guarantor or its Subsidiaries under Section 363(k) of the Bankruptcy Code (or the corresponding provisions of any other applicable Debtor Relief Law).

With respect to any contingent or unliquidated claim that is an Obligation, the Administrative Agent is hereby authorized by the Secured Parties, but is not required, to estimate the amount thereof for purposes of any credit bid or purchase described in the second preceding paragraph so long as the estimation of the amount or liquidation of such claim would not unduly delay the ability of the Administrative Agent or the applicable Collateral Agent to credit bid the Obligations or purchase the Collateral in the relevant Disposition. In the event that the Administrative Agent, in its sole and absolute discretion, elects not to estimate any such contingent or unliquidated claim or any such claim cannot be estimated without unduly delaying the ability of the Administrative Agent or the applicable Collateral Agent to consummate any credit bid or purchase in accordance with the second preceding paragraph, then any contingent or unliquidated claims not so estimated shall be disregarded, shall not be credit bid, and shall not be entitled to any interest in the portion or the entirety of the Collateral purchased by means of such credit bid.

Each Secured Party whose Obligations are credit bid under <u>clause (b)</u>, <u>(c)</u> or <u>(d)</u> of the third preceding paragraph shall be entitled to receive interests in the Collateral or any other asset acquired in connection with such credit bid (or in the Capital Stock of the acquisition vehicle or vehicles that are used to consummate such acquisition) on a ratable basis in accordance with the percentage obtained by dividing (x) the amount of the Obligations of such Secured Party that were credit bid in such credit bid or other Disposition by (y) the aggregate amount of all Obligations that were credit bid in such credit bid or other Disposition.

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In connection with any such credit bid and purchase, the Obligations owed to the Secured Parties shall be entitled to be, and shall be, credit bid by the Administrative Agent at the direction of the Required Lenders on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that shall vest upon the liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) for the asset or assets so purchased (or for the equity interests or debt instruments of the acquisition vehicle or vehicles that are issued in connection with such purchase). In connection with any such bid, (i) the Administrative Agent shall be authorized to form one or more acquisition vehicles and to assign any successful credit bid to such acquisition vehicle or vehicles, (ii) each of the Secured Parties' ratable interests in the Obligations which were credit bid shall be deemed without any further action under this Agreement or any other Loan Documents to be assigned to such vehicle or vehicles for the purpose of closing such sale, (iii) the Administrative Agent shall be authorized to adopt documents providing for the governance of the acquisition vehicle or vehicles (<u>provided</u> that any actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or Capital Stock thereof, shall be governed, directly or indirectly, by, and the governing documents shall provide for, control by the vote of the Required Lenders or their permitted assignees under the terms of this Agreement or the governing documents of the applicable acquisition vehicle or vehicles, as the case may be, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders contained in <u>Section 9.02</u> of this Agreement), (iv) the Administrative Agent on behalf of such acquisition vehicle or vehicles shall be authorized to issue to each of the Secured Parties, ratably on account of the relevant Obligations which were credit bid, interests, whether as equity, partnership interests, limited partnership interests or membership interests, in any such acquisition vehicle and/or debt instruments issued by such acquisition vehicle, all without the need for any Secured Party or acquisition vehicle to take any further action, and (v) to the extent that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because the amount of Obligations assigned to the acquisition vehicle exceeds the amount of Obligations credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Secured Parties pro rata with their original interest in such Obligations and the Capital Stock and/or debt instruments issued by any acquisition vehicle on account of such Obligations shall automatically be cancelled, without the need for any Secured Party or any acquisition vehicle to take any further action. Notwithstanding that the ratable portion of the Obligations of each Secured Party are deemed assigned to the acquisition vehicle or vehicles as set forth in clause (ii) above, each Secured Party shall execute such documents and provide such information regarding the Secured Party (and/or any designee of the Secured Party which will receive interests in or debt instruments issued by such acquisition vehicle) as the Administrative Agent may reasonably request in connection with the formation of any acquisition vehicle, the formulation or submission of any credit bid or the consummation of the transactions contemplated by such credit bid.

SECTION 8.06. <u>Bankruptcy</u>. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relating to any Loan Party, each Secured Party agrees that each of the Administrative Agent and the Collateral Agents (irrespective of whether the principal of any Loan or LC Exposure is then due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent or any Collateral Agent shall have made any demand on the Borrowers) shall be entitled and empowered, by intervention in such proceeding or otherwise:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans or LC Exposure and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Issuing Banks, the Collateral Agents and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Banks, the Collateral Agents and the Administrative Agent and their respective agents and counsel and all other amounts to the extent due to the Lenders, the Collateral Agent and the Administrative Agent under <u>Sections 2.12</u> and <u>9.03</u>) allowed in such judicial proceeding; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same.

Any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each Issuing Bank to make such payments to the Administrative Agent and/or a Collateral Agent and, in the event that the Administrative Agent and/or a Collateral Agent consents to the making of such payments directly to the Lenders and the Issuing Banks, to pay to the Administrative Agent or a Collateral Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent or such Collateral Agent and their respective agents and counsel, and any other amount due to the Administrative Agent or such Collateral Agent under <u>Sections 2.12</u> and <u>9.03</u>.

Nothing contained herein shall be deemed to authorize the Administrative Agent or any Collateral Agent to authorize or consent to or accept or adopt on behalf of any Secured Party any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Secured Party or to authorize the Collateral Agent or the Administrative Agent to vote in respect of the claim of any Secured Party in any such proceeding.

SECTION 8.07. <u>Reliance</u>. Each Agent shall be entitled to conclusively rely on, and shall incur no Liability under or in respect of this Agreement or any other Loan Document by acting upon, any notice, consent, order, judgement, certificate or other instrument or writing (which writing may be an electronic message, Internet or intranet website posting or other distribution) or any statement made to it orally or by telephone and believed by it to be genuine and signed or sent or otherwise authenticated by the proper Person (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the signatory, sender or maker thereof), and may act upon any such oral or telephonic statement prior to receipt of written confirmation thereof; <u>provided</u>, that, each Collateral Agent shall be entitled to conclusively rely on the then current instruction or direction unless and until such Collateral Agent receives a written notice of revocation. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension or amendment of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the applicable Issuing Bank, the Administrative Agent may presume that such condition is satisfactory to such Lender or such Issuing Bank unless the Administrative Agent has received notice to the contrary from such Lender or Issuing Bank prior to the making of such Loan or the issuance, extension or amendment of such Letter of Credit. Each Agent may engage, consult with and pay for the advice or services of any legal counsel, accountants, tax advisers, surveyors and other professional advisers or experts selected by it, and each Agent may rely on the advice or services of any legal counsel (including counsel to the Loan Parties), accountants, tax advisers, surveyors or other professional advisers or experts (whether obtained by such Agent or any other party) and shall not be liable for any damages, costs or losses to any Person, any diminution in value or any Liability whatsoever arising as a result of its so relying. Without prejudice to the preceding sentence, the Foreign Collateral Agent may (but shall not be obligated to) at any time engage and pay for the services of any lawyers to act as independent counsel to the Foreign Collateral Agent (and so separate from any lawyers instructed by the Lenders) if the Foreign Collateral Agent, in its reasonable opinion deems this to be desirable.

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SECTION 8.08. <u>Delegation</u>. Each of the Administrative Agent and the Collateral Agents may, at any time, perform any and all of its duties and exercise its rights, authorities, discretions and powers by or through any one or more sub-agents (including any Common Collateral Agent) appointed by it. The Administrative Agent, each Collateral Agent and any such sub-agent may perform any and all of their respective duties and exercise their respective rights and powers through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent, any Collateral Agent and any such sub-agent and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as the Administrative Agent and/or a Collateral Agent. A delegation under this Section may be made upon any terms and conditions (including the power to sub-delegate) and subject to any restrictions that the Administrative Agent or the applicable Collateral Agent, as the case may be, or the applicable sub-agent, may, in its discretion, think fit in the interests of the Secured Parties. Neither the Administrative Agent nor any Collateral Agent shall be bound to supervise, or be in any way responsible for any damages, costs or losses incurred by reason of any misconduct, omission or default on the part of, any such sub-agent, except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that such Agent acted with gross negligence or willful misconduct in the selection of such sub-agent.

SECTION 8.09. <u>Resignation</u>. The Foreign Collateral Agent may resign and appoint one of its Affiliates acting through an office in the United Kingdom as successor by giving notice to the Administrative Agent and the Parent Guarantor. In addition, the Administrative Agent or any Collateral Agent may resign at any time by giving thirty days' written notice to the Lenders, the Issuing Banks, the Parent Guarantor and, in the case of a resignation by the Foreign Collateral Agent, the Administrative Agent. If the Administrative Agent or any Collateral Agent is a Defaulting Lender or an Affiliate of a Defaulting Lender, either the Required Lenders or the Parent Guarantor may, upon thirty days' notice, remove the Administrative Agent or such Collateral Agent, as applicable. Upon receipt of any such notice of resignation or delivery of any such notice of removal, the Required Lenders shall have the right, with the consent of the Parent Guarantor (not to be unreasonably withheld or delayed), to appoint a successor Administrative Agent and/or successor Collateral Agent, which shall be a commercial bank, trust company or other Person reasonably acceptable to the Parent Guarantor with offices in the U.S. or the United Kingdom, as the case may be; <u>provided</u> that during the existence and continuation of a Specified Event of Default, no consent of the Parent Guarantor shall be required. If no successor shall have been appointed as provided above and accepted such appointment within twenty days after the retiring Administrative Agent and/or retiring Collateral Agent gives notice of its resignation or such Administrative Agent and/or Collateral Agent receives notice of removal, then (a) in the case of a retirement, the retiring Administrative Agent and/or Collateral Agent may (but shall not be obligated to), on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent and/or Collateral Agent meeting the qualifications set forth above (including, for the avoidance of doubt, consent of the Parent Guarantor) or (b) in the case of a removal, the Parent Guarantor may, after consulting with the Required Lender, appoint a successor Administrative Agent and/or Collateral Agent meeting the qualifications set forth above; <u>provided</u> that (x) in the case of a retirement, if the retiring Administrative Agent or Collateral Agent notifies the Parent Guarantor, the Lenders and the Issuing Banks that no qualifying Person has accepted such appointment or (y) in the case of a removal, the Parent Guarantor notifies the Required Lenders that no qualifying Person has accepted such appointment, then, in each case, such resignation or removal shall nonetheless become effective in accordance with such notice and (i) the retiring or removed Administrative Agent or Collateral Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by any Collateral Agent for the Secured Parties, for purposes of maintaining the

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perfection of the Lien on the Collateral securing the Obligations, the retiring or removed Collateral Agent shall continue to hold such Collateral security until such time as a successor Collateral Agent is appointed (it being understood and agreed, however, that the retiring or removed Collateral Agent shall have no duty or obligation to take any further action under any Collateral Document, including any action required to maintain the perfection of any such security interest)) and (ii) all payments, communications and determinations required to be made by, to or through the Administrative Agent or Collateral Agent shall instead be made by or to each Lender and each Issuing Bank directly (and each Lender and each Issuing Bank will cooperate with the Parent Guarantor to enable the Parent Guarantor to take such actions), until such time as the Required Lenders or the Parent Guarantor, as applicable, appoint a successor Administrative Agent or Collateral Agent, as applicable, as provided for above in this <u>Section 8.09</u>. The resigning or removed Collateral Agent shall make available to the successor Collateral Agent such documents and records and provide such assistance as the successor Collateral Agent may reasonably request for the purposes of performing its functions as Collateral Agent under the Loan Documents. The Parent Guarantor shall reimburse the retiring or removed Collateral Agent for the amount of all costs and expenses (including legal fees) properly incurred by it in making available such documents and records and providing such assistance. Upon the acceptance of its appointment as a successor Administrative Agent and/or Collateral Agent, such successor Administrative Agent and/or Collateral Agent shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Administrative Agent and/or Collateral Agent (other than any rights to indemnity payments owed to the retiring Administrative Agent and/or Collateral Agent), and the retiring or removed Administrative Agent and/or Collateral Agent shall be discharged from its duties and obligations hereunder (other than its obligations under <u>Section 8.12</u> and <u>Section 9.13</u>). The fees payable by the Parent Guarantor or the Borrowers to a successor Administrative Agent and/or Collateral Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Parent Guarantors or the Borrowers and such successor Administrative Agent and/or Collateral Agent. After the Administrative Agent's and/or the Collateral Agent's resignation or removal hereunder, the provisions of this Article and <u>Section 9.03</u>, as well as any exculpatory, reimbursement and indemnification provisions set forth in any other Loan Document, shall continue in effect for the benefit of such retiring or removed Administrative Agent and/or Collateral Agent, its sub-agents and their respective Related Parties in respect of any action taken or omitted to be taken by any of them while the relevant Person was acting as Administrative Agent and/or Collateral Agent (including for this purpose holding any collateral security following the retirement or removal of such Agent). Notwithstanding anything to the contrary herein, no Disqualified Institution (nor any Affiliate thereof) may be appointed as a successor Administrative Agent.

SECTION 8.10. <u>Relationship with the other Secured Parties</u>. Each Secured Party shall supply each Collateral Agent with any information that such Collateral Agent may reasonably specify as being necessary or desirable to enable such Collateral Agent to perform its functions as a Collateral Agent.

SECTION 8.11. <u>Additional Collateral Agents</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the Collateral Agents may at any time appoint (and subsequently remove) any Person to act as a separate trustee or as a co-trustee jointly with it (i) if it considers that appointment to be in the interests of the Secured Parties, (ii) for the purposes of conforming to any legal requirement, restriction or condition which such Collateral Agent deems to be relevant or (iii) for obtaining or enforcing any judgment in any jurisdiction, and the applicable Collateral Agent shall give prior notice to the Parent Guarantor of that appointment.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any Person so appointed shall have the rights, powers, authorities and discretions (not exceeding those given to the applicable Collateral Agent under or in connection with the Loan Documents) and the duties, obligations and responsibilities that are given or imposed by the instrument of appointment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The remuneration that the appointing Collateral Agent may pay to that Person, and any costs and expenses (together with any applicable tax) incurred by that Person in performing its functions pursuant to that appointment shall, for the purposes of this Agreement, be treated as costs and expenses incurred by the applicable Collateral Agent.

SECTION 8.12. <u>Release of Loan Guarantees and Collateral</u>. Each Secured Party irrevocably authorizes and instructs the Administrative Agent and the Collateral Agents to, and the Administrative Agent and the Collateral Agents shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) without limiting <u>Section 9.22</u>, release any Lien on any property granted to or held by any Collateral Agent under any Loan Document (i) upon the occurrence of the Termination Date, (ii) that is Disposed or to be Disposed as part of a Disposition permitted under this Agreement (A) to a Person that is not a Loan Party or (B) to a Person that is a Loan Party, if (x) such release is a requirement of applicable law in connection with such Disposition and (y) such transferee Loan Party grants a perfected Lien on such property to the applicable Collateral Agent within 60 days of such Disposition (or such longer period as agreed to by the Administrative Agent), (iii) that constitutes or becomes an Excluded Asset, (iv) if the property subject to such Lien is owned by a Subsidiary Guarantor, upon the release of such Subsidiary Guarantor from its Loan Guarantee otherwise in accordance with the Loan Documents, (v) as required under <u>clause (d)</u> below or <u>(vi)</u> if approved, authorized or ratified in writing by the Required Lenders (or such other number or percentage of Lenders as shall be necessary under the relevant circumstances as provided in <u>Section 9.02</u>) in accordance with <u>Section 9.02</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) release any Subsidiary Guarantor from its obligations under the Loan Guarantee (i) as provided in <u>Section 9.22</u> and/or (ii) upon the occurrence of the Termination Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) subordinate any Lien on any property granted to or held by any Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by <u>clauses (b)</u>, <u>(c)</u>, <u>(e)(ii)</u>, <u>(f)</u> or <u>(g)</u> of the definition of Permitted Encumbrances or <u>Sections 6.02(d)</u>, <u>6.02(e)</u>, <u>6.02(g), 6.02(h)(i)</u>, <u>6.02(m)</u>, <u>6.02(o)</u>, <u>6.02(p)</u>, <u>6.02(u)</u>, <u>6.02(y)</u>, <u>6.02(z)</u>, <u>6.02(aa)</u> and <u>6.02(cc)</u>; <u>provided</u>, that the subordination of any Lien on any property granted to or held by any Collateral Agent shall only be required to the extent that the Lien of such Collateral Agent with respect to such property is required to be subordinated to the relevant other Lien in accordance with the documentation governing the Indebtedness that is secured by such other Lien; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) enter into subordination, intercreditor, collateral trust and/or similar agreements (and any amendments thereto) with respect to Indebtedness (including any Acceptable Intercreditor Agreement and any amendment, restatement, supplement or other modification thereto permitted by <u>Section 8.14</u>) that is (i) required or permitted hereunder to be subordinated in right of payment to the Loan Document Obligations and/or (ii) secured by Liens, and with respect to which Indebtedness and/or Liens, this Agreement contemplates an intercreditor, subordination, collateral trust or similar agreement.

Upon the request of any Collateral Agent or the Administrative Agent at any time, the Required Lenders will confirm in writing such Collateral Agent's and/or the Administrative Agent's authority to release or subordinate (or, in the case of the Administrative Agent, to instruct the Foreign Collateral Agent to release or subordinate) its interest (or the interest of its appointed sub-agents) in particular types or items of property, or to release any Loan Party from its obligations under the Guarantee Agreement or its Lien on any Collateral pursuant to this <u>Article 8</u>. In each case as specified in this <u>Article 8</u>, the Administrative Agent or the applicable Collateral Agent will (and each Secured Party hereby authorizes

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the Administrative Agent and the applicable Collateral Agent to), at the Borrowers' expense, execute and deliver (or cause its appointed sub-agent to execute and deliver) to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the Liens granted under the Collateral Documents, to subordinate its interest therein or to release such Loan Party from its obligations under the Guarantee Agreement, in each case in accordance with the terms of the Loan Documents and this <u>Article 8</u>. The parties hereto acknowledge and agree that neither the Administrative Agent nor any Collateral Agent shall be required to execute or deliver any document to effect or confirm release any Loan Guarantee or any Lien under this Agreement or any other Loan Document unless and until the Administrative Agent and/or the applicable Collateral Agent has received a certificate of a Responsible Officer of the Parent Guarantor or the applicable Loan Party certifying that such release (and the transactions giving rise to such release) are authorized or permitted by the terms of this Agreement and the other Loan Documents and the Administrative Agent and/or any Collateral Agent may rely conclusively on such certificate without independent investigation of inquity.

SECTION 8.13. <u>Intercreditor Agreements</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the Lenders, the Issuing Banks and the other Secured Parties acknowledges that obligations of the Borrowers and the Guarantors under certain Indebtedness that is permitted to be incurred hereunder and secured by a Lien on the Collateral that is *pari passu* with or junior to the Liens on the Collateral securing the Obligations are required or permitted, under the terms hereof, to be subject to an Acceptable Intercreditor Agreement (such Indebtedness being referred to herein as "**Specified Intercreditor Indebtedness**"). Each of the Lenders, the Issuing Banks and the other Secured Parties hereby irrevocably authorizes and directs the Agents to execute and deliver, in each case on behalf of such Secured Party and without any further consent, authorization or other action by such Secured Party, (i) from time to time upon the request of the Parent Guarantor, in connection with the establishment, incurrence, amendment, refinancing or replacement of any such Specified Intercreditor Indebtedness, any Acceptable Intercreditor Agreement (it being understood that the Administrative Agent is hereby authorized and directed to determine the terms and conditions of any Acceptable Intercreditor Agreement, any Pari Passu Intercreditor Agreement or any Junior Lien Intercreditor Agreement, in each case, as contemplated by the definition of such term), including any amendment, supplement or other modification to any Loan Document to implement the terms of any such Acceptable Intercreditor Agreement, and (ii) any ancillary documents relating thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each of the Lenders, the Issuing Banks and the other Secured Parties hereby irrevocably (i) consents to the treatment of the Liens and the Obligations to be provided for under any Acceptable Intercreditor Agreement, (ii) agrees that, upon the execution and delivery thereof, such Secured Party will be bound by the provisions of any Acceptable Intercreditor Agreement (including any purchase option(s) contained therein) as if it were a signatory thereto and will take no actions contrary to the provisions of any Intercreditor Agreement, (iii) agrees that no Secured Party shall have any right of action whatsoever against any Agent as a result of any action taken by such Agent pursuant to this Section or in accordance with the terms of any Acceptable Intercreditor Agreement and (iv) authorizes and directs the Agents to carry out the provisions and intent of each such document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each of the Lenders, the Issuing Banks and the other Secured Parties hereby irrevocably further authorizes and directs the Agents to execute and deliver, in each case on behalf of such Secured Party and without any further consent, authorization or other action by such Secured Party, any amendments, supplements or other modifications of any Acceptable Intercreditor Agreement that the Parent Guarantor may from time to time request (i) to give effect to any establishment, incurrence, amendment, extension, renewal, refinancing or replacement of any Specified Intercreditor Indebtedness contemplated hereby to be subject thereto or (ii) to confirm for any party that such Acceptable Intercreditor Agreement is effective and binding upon the Agents on behalf of the Secured Parties.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each of the Lenders, the Issuing Banks and the other Secured Parties hereby irrevocably further authorizes and directs the Agents to execute and deliver, in each case on behalf of such Secured Party and without any further consent, authorization or other action by such Secured Party, any amendments, supplements or other modifications of any Collateral Document to add or amend any legend that may be required pursuant to any Acceptable Intercreditor Agreement.

SECTION 8.14. <u>Acknowledgement of Lenders and Issuing Banks</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Lender and each Issuing Bank acknowledges that (i) the Loan Documents set forth the terms of a commercial lending facility, (ii) in participating as a Lender or an Issuing Bank, it is engaged in making, acquiring or holding commercial loans and in providing other facilities set forth herein as may be applicable to such Lender or Issuing Bank, in each case in the ordinary course of business, and not for the purpose of investing in the general performance or operations of the Parent Guarantor or any of its Subsidiaries, or for the purpose of purchasing, acquiring or holding any other type of financial instrument such as a security (and each Lender and each Issuing Bank agrees not to assert a claim in contravention of the foregoing, such as a claim under the federal or state securities law), (ii<u>**iii**</u>) it has, independently and without reliance upon any Agent, any Arranger or any other Lender or Issuing Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement as a Lender or an Issuing Bank, and to make, acquire or hold Loans or other extensions of credit hereunder and (d<u>**iv**</u>) it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other extensions of credit hereunder, as may be applicable to such Lender or such Issuing Bank, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other extensions of credit, is experienced in making, acquiring or holding such commercial loans or providing such other extensions of credit. Each Lender and each Issuing Bank also acknowledges that it will, independently and without reliance upon any Agent, any Arranger or any other Lender or Issuing Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information (which may contain MNPI) as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Lender and each Issuing Bank further acknowledges that there may be a constant flow of information (including information that may be subject to confidentiality obligations in favor of the Parent Guarantor and its Subsidiaries) between the Parent Guarantor and its Subsidiaries, on the one hand, and JPMorgan, Wilmington Trust or any of their respective Affiliates, on the other hand. Without limiting the foregoing, the Parent Guarantor and its Subsidiaries may provide information, including updates to previously provided information to JPMorgan, Wilmington Trust or any of their respective Affiliates acting in different capacities, including as Lender, an Issuing Bank, lead bank, arranger or potential securities investor, independent of such Person's role as an Agent hereunder. Each Lender and each Issuing Bank also acknowledges that none of JPMorgan, Wilmington Trust or any of their respective Affiliates shall be under any obligation to provide any of the foregoing information to them. Notwithstanding anything to the contrary set forth herein or in any other Loan Document, except for notices, reports and other documents expressly required to be furnished to the Lenders or the Issuing Banks by any Agent, such Agent shall not have any duty or responsibility to provide, and shall not be liable for the failure to provide, any Lender or Issuing Bank with any credit or other information concerning the Loans, the Letters of Credit, the Lenders, the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their respective

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Affiliates that is communicated to, obtained by, or in the possession of, JPMorgan, Wilmington Trust or any of their respective Affiliates in any capacity, including any information obtained by any Agent in the course of communications among such Agent and the Parent Guarantor, any Subsidiary or any other Person. Notwithstanding the foregoing, any such information may (but shall not be required to) be shared by each Agent with one or more Lenders, or any formal or informal committee or ad hoc group of such Lenders, including at the direction of a Loan Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Lender and Issuing Bank, by delivering its signature page to this Agreement on the Effective Date, or delivering its signature page to an Assignment and Assumption or any other Loan Document pursuant to which it shall become a Lender or an Issuing Bank hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be delivered to, or be approved by or satisfactory to, the Administrative Agent or the Lenders on the Effective Date or the Availability Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) (i) Each Lender and Issuing Bank hereby agrees that (x) if the Administrative Agent notifies such Lender or Issuing Bank that the Administrative Agent has determined in its sole discretion that any funds received by such Lender or Issuing Bank from the Administrative Agent or any of its Affiliates (whether as a payment, prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a "**Payment**") were erroneously transmitted to such Lender or Issuing Bank (whether or not known to such Lender or Issuing Bank), and demands the return of such Payment (or a portion thereof), such Lender or Issuing Bank shall promptly, but in no event later than one Business Day thereafter (or such later date as the Administrative Agent may, in its sole discretion, specify in writing), return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon (except to the extent waived in writing by the Administrative Agent) in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the Overnight Rate from time to time in effect, and (y) to the extent permitted by applicable law, such Lender or Issuing Bank shall not assert, and hereby waives, as to the Administrative Agent, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Payments received, including without limitation any defense based on "discharge for value" or any similar doctrine. A notice of the Administrative Agent to any Lender under this <u>Section 8.15(d)</u> shall be conclusive, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Lender and Issuing Bank hereby further agrees that if it receives a Payment from the Administrative Agent or any of its Affiliates (x) that is in a different amount than, or on a different date from, that specified in a notice of payment sent by the Administrative Agent (or any of its Affiliates) with respect to such Payment (a "**Payment Notice**") or (y) that was not preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment. Each Lender and Issuing Bank agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error, such Lender or Issuing Bank shall promptly notify the Administrative Agent of such occurrence and, upon demand from the Administrative Agent, it shall promptly, but in no event later than one Business Day thereafter (or such later date as the Administrative Agent may, in its sole discretion, specify in writing), return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon (except to the extent waived in writing by the Administrative Agent) in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender or Issuing Bank to the date such amount is repaid to the Administrative Agent at the Overnight Rate from time to time in effect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Each of the Borrowers and each other Loan Party hereby agrees that (x) in the event that an erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, from any Lender or Issuing Bank that has received such erroneous Payment (or portion thereof) (and/or from any Payment Recipient that received such erroneous Payment (or portion thereof) on its respective behalf), the Administrative Agent shall be subrogated to all the rights of such Lender or Issuing Bank with respect to such amount and (y) an erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by any of the Borrowers or any other Loan Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Each party's obligations, agreements and waivers under this <u>Section 7.14(d)</u> shall survive the resignation or replacement of the Administrative Agent, any transfer of rights or obligations by, or the replacement of, a Lender or Issuing Bank, the termination of the Commitments and/or the repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document.

SECTION 8.15. <u>Certain ERISA Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, the Collateral Agents and the Arrangers, and not, for the avoidance of doubt, to or for the benefit of the Parent Guarantor or any other Loan Party, that at least one of the following is and will be true:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) such Lender is not using "plan assets" (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments or this Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (A) such Lender is an investment fund managed by a "Qualified Professional Asset Manager" (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition, unless either (i) <u>Section 8.15(a)(i)</u> is true with respect to a Lender or (2<u>**ii**</u>) a Lender has provided another representation, warranty and covenant in accordance with the preceding <u>Section 8.15(a)(iv)</u>, such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, the Collateral Agents and the Arrangers, and not, for the avoidance of doubt, to or for the benefit of the Parent Guarantor or any other Loan Party, that none of the Administrative Agent, the Collateral Agents or the Arrangers is a fiduciary with respect to the assets of such Lender involved in such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent, any Collateral Agent or any other Agent under this Agreement, any Loan Document or any documents related hereto or thereto).

SECTION 8.16. <u>Posting of Communications</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the Parent Guarantor and the Borrowers agrees that the Administrative Agent may, but shall not be obligated to, make any Communications available to the Lenders and Issuing Banks by posting the Communications on the Approved Electronic Platform. The Administrative Agent, the Lenders and the Issuing Banks agree that the Loan Parties may, but shall not be obligated to, make any Borrower Communications to the Administrative Agent through an Approved Borrower Portal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Although each of the Approved Electronic Platform and the Approved Borrower Portal and its primary web portal are secured with generally-applicable security procedures and policies implemented or modified by the Administrative Agent from time to time (including, as of the Effective Date, a user ID/password authorization system) and the Approved Electronic Platform is secured through a per-deal authorization method whereby each user may access the Approved Electronic Platform only on a deal-by-deal basis, each of the Lenders, the Issuing Banks, the Parent Guarantor and the Borrowers acknowledges and agrees that the distribution of material through an electronic medium is not necessarily secure, that the Administrative Agent is not responsible for approving or vetting the representatives or contacts of any Lender or Issuing Bank that are added to the Approved Electronic Platform, and that there may be confidentiality and other risks associated with such distribution. Each of the Lenders, the Issuing Banks, the Parent Guarantor and the Borrowers hereby approves distribution of the Communications through the Approved Electronic Platform and understands and assumes the risks of such distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) EACH OF THE APPROVED ELECTRONIC PLATFORM, THE APPROVED BORROWER PORTAL AND THE COMMUNICATIONS ARE PROVIDED "AS IS" AND "AS AVAILABLE". THE APPLICABLE PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS OR THE BORROWER COMMUNICATIONS, OR THE ADEQUACY OF THE APPROVED ELECTRONIC PLATFORM OR THE APPROVED BORROWER PORTAL AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC PLATFORM, THE APPROVED BORROWER PORTAL, THE COMMUNICATIONS OR THE BORROWER COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE APPLICABLE PARTIES IN CONNECTION WITH THE APPROVED BORROWER PORTAL, THE BORROWER COMMUNICATIONS, THE

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COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT, ANY COLLATERAL AGENT, ANY ARRANGER, ANY SYNDICATION AGENT, ANY DOCUMENTATION AGENT OR ANY OF THEIR RESPECTIVE RELATED PARTIES (COLLECTIVELY, "**APPLICABLE PARTIES**") HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER, ANY ISSUING BANK OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN PARTY'S OR THE ADMINISTRATIVE AGENT'S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED ELECTRONIC PLATFORM OR ANY LOAN PARTY'S TRANSMISSION OF BORROWER COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED BORROWER PORTAL.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Lender and each Issuing Bank agrees that notice to it (as provided in the next sentence) specifying that Communications have been posted to the Approved Electronic Platform shall constitute effective delivery of the Communications to such Lender or Issuing Bank for purposes of the Loan Documents. Each Lender and each Issuing Bank agrees (i) to notify the Administrative Agent in writing (which could be by email) from time to time of such Lender's or Issuing Bank's, as applicable, email address to which the foregoing notice may be sent by electronic transmission and (ii) that the foregoing notice may be sent to such email address.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each of the Lenders, the Issuing Banks, the Parent Guarantor and the Borrowers agrees that the Administrative Agent may, but (except as may be required by applicable law) shall not be obligated to, store the Communications on the Approved Electronic Platform in accordance with the Administrative Agent's generally applicable document retention procedures and policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Nothing herein shall prejudice the right of the Administrative Agent, any Collateral Agent, any Lender or any Issuing Bank to give any notice or other communication pursuant to any Loan Document in any other manner specified in such Loan Document.

SECTION 8.17. <u>Arrangers</u>. Notwithstanding anything to the contrary herein, the Arrangers shall not have any right, power, obligation, liability, responsibility or duty under this Agreement, except in their respective capacities, as applicable, as the Administrative Agent, a Collateral Agent, an Issuing Bank or a Lender hereunder, <u>provided</u> that the Arrangers shall have the benefit of the indemnities and exculpatory provisions provided for hereunder or under the other Loan Documents.

SECTION 8.18. <u>Miscellaneous</u>. The provisions of this <u>Article</u> 8 are solely for the benefit of the Administrative Agent, the Collateral Agents, the Lenders and the Issuing Banks, and, except for <u>Sections 9.09</u>, <u>9.12</u> and <u>9.13(a)</u>, neither the Borrowers nor any other Loan Party shall have rights as a third beneficiary of any of the provisions of this <u>Article 8</u>.

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ARTICLE 9

MISCELLANEOUS

SECTION 9.01. <u>Notices</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to <u>paragraph (b)</u> below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service or sent by email, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if to any Loan Party, to such Loan Party in the care of the Administrative Borrower at:

Cyprium Corporation

5725 Innovation Drive,

<u>**Versigent Limited (to be renamed Versigent PLC upon**</u>

**<u>consummation of the Spin-Off)</u>**

**<u>5825 Innovation Drive</u>**

Troy, Michigan, 48098,

<u>**Attention: Treasurer [\*\*\*] &**</u>

**<u>and General Counsel [\*\*\*]</u>**

Attention: Treasurer (email bob.hoeppner@aptiv.com) and Vice

President, Chief Corporate and Securities Counsel (email

Rachel.Friedenberg@aptiv.com); and (in the case of a notice of a

Default) with a copy to Chief Legal Officer (email

kate.ramundo@aptiv.com);

with a copy to (which shall not constitute notice to any Loan Party):

Davis Polk & Wardwell LLP

450 Lexington Avenue

New York, New York 10017

Attention: Scott Herrig

Email: scott.herrig@davispolk.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if to the Administrative Agent or the Domestic Collateral Agent from the Parent Guarantor or any Borrower, to it at the address, email or telephone number separately provided to the Administrative Borrower:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if to the Foreign Collateral Agent, at:

Wilmington Trust, National Association

Global Capital Markets

50 South Sixth Street, Suite 1290

Minneapolis, Minnesota 55402

Attn: Cyprium Corporation Administrator

Email: jrose@wilmingtontrust.com

with a copy to (which shall not constitute notice):

Seward & Kissel LLP

One Battery Park Plaza

New York, New York 10004

Attention: Ronald A. Hewitt

Email: hewitt@sewkis.com

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) if to the Administrative Agent from the Lenders or Issuing Banks, to JPMorgan Chase Bank, N.A. at its address, email or telephone number set forth in the Administrative Questionnaire;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) if to any Issuing Bank, to it at the address, email or telephone separately provided to the Administrative Borrower; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) if to any Lender, to it at its address, email or telephone number set forth in its Administrative Questionnaire.

All such notices and other communications sent by hand or overnight courier service shall be deemed to have been given when delivered in person or by courier service and signed for against receipt thereof, in each case, delivered, sent or mailed (properly addressed) to the relevant party as provided in this <u>Section 9.01</u> or in accordance with the latest unrevoked direction from such party given in accordance with this <u>Section 9.01</u>. Notices and other communications delivered through email (or other electronic communications to the extent provided in <u>clause (b)</u> below) shall be effective as provided in such <u>clause (b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notices and other communications to the Lenders and the Issuing Banks hereunder may, in addition to email, be delivered or furnished by other electronic communications (including through an Approved Electronic Platform) pursuant to procedures set forth herein or otherwise approved by the Administrative Agent. The Administrative Agent, any Collateral Agent or the Administrative Borrower (on behalf of any Loan Party) may, in addition to email and in its discretion, agree to accept notices and other communications to it hereunder by other electronic communications pursuant to procedures set forth herein or otherwise approved by it; <u>provided</u> that approval of such procedures may be limited to particular notices or communications. All such notices and other communications (i) sent to an e-mail address shall be deemed received upon the sender's receipt of an acknowledgement from the intended recipient (such as by the "return receipt requested" function, as available, return e-mail or other written acknowledgement); <u>provided</u> that if not given during the normal business hours of the recipient, such notice or communication shall be deemed to have been given at the opening of business on the next business day for the recipient, and (ii) posted to an Approved Electronic Platform shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing <u>clause (i)</u> of notification that such notice or communication is available and identifying the website address therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any party (or the Administrative Borrower on behalf of any Loan Party) hereto may change its address, email or other notice information hereunder by notice to the other parties hereto (or, in the case of any change by a Lender or an Issuing Bank, by notice to the Administrative Borrower and the Administrative Agent); it being understood and agreed that the Administrative Borrower may provide any such notice to the Administrative Agent as recipient on behalf of itself, each Collateral Agent, each Issuing Bank and each Lender.

SECTION 9.02. <u>Waivers; Amendments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No failure or delay by the Administrative Agent, any Collateral Agent, any Issuing Bank or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Collateral Agents, the Issuing Banks and the Lenders hereunder and under any other Loan Document are cumulative and are not exclusive of any rights or remedies that they would

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otherwise have. No waiver of any provision of any Loan Document or consent to any departure by any party thereto therefrom shall in any event be effective unless the same is permitted by this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which it is given. Without limiting the generality of the foregoing, to the extent permitted by law, the making of a Loan or the issuance of any Letter of Credit shall not be construed as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent, any Collateral Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default or Event of Default at the time. Notwithstanding anything herein to the contrary, no sale, assignment, novation, transfer or delegation by any Lender of any of its rights or obligations under this Agreement or any other Loan Document shall, or shall be deemed to, extinguish any of the rights, benefits or privileges afforded by any Loan Guarantee or any Lien on any Collateral created or granted under the Loan Documents for the benefit of such Lender in relation to such of its rights or obligations, and all such rights, benefits and privileges shall continue to accrue, to the full extent thereof, for the benefit of the assignee, transferee or delegee of such Lender in connection with each such sale, assignment, novation, transfer and delegation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to <u>clauses</u> <u>(A)</u>, <u>(B)</u>, <u>(C)</u>, <u>(D)</u>, <u>(E)</u> and <u>(F)</u> of this <u>Section 9.02(b)</u> and <u>Sections 9.02(c)</u> and <u>9.02(d)</u> and to <u>Section 9.05(f)</u>, neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified, except (i) in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Parent Guarantor and the Required Lenders (or the Administrative Agent with the consent of the Required Lenders) or (ii) in the case of any other Loan Document (other than any waiver, amendment or modification to effectuate any modification thereto expressly contemplated by the terms of such other Loan Document), pursuant to an agreement or agreements in writing entered into by the Administrative Agent, each Collateral Agent that is a party thereto (if any) and each Loan Party that is party thereto, with the consent of the Required Lenders; <u>provided</u> that, notwithstanding the foregoing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) except with the consent of each Lender directly and adversely affected thereby (but without requiring the consent of the Required Lenders, except as specified), no such agreement shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) increase the amount of, or extend the scheduled expiration date of, any Commitment of such Lender (other than with respect to any Incremental Facility pursuant to <u>Section 2.22</u> in respect of which such Lender has agreed to be an Additional Lender) and, in the case of any increase, subject to the additional consent of the Required Lenders; it being understood that no amendment, modification or waiver of, or consent to departure from, any condition precedent, representation, warranty, covenant, Default, Event of Default, mandatory prepayment or mandatory reduction of the Commitments shall constitute an increase or extension of any Commitment of such Lender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) reduce or forgive the principal amount of any Loan or LC Disbursement owed to such Lender or any scheduled amortization payment of any Loan of such Lender (other than, in each case, any waiver of, or consent to or departure from, any Default or Event of Default or any mandatory prepayment); it being understood that no change in the definition of "First Lien Leverage Ratio" or any other ratio used in the calculation of any mandatory prepayment (including any component definition thereof) shall constitute a reduction or forgiveness of any principal amount due hereunder;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) (x) extend the scheduled final maturity of any Loan of such Lender or (y) postpone any scheduled amortization payment of any Loan of such Lender, or the date of any scheduled payment of any interest or any fee, in each case, payable to such Lender hereunder (in each case, other than any extension for administrative reasons agreed by the Administrative Agent) (other than, in each case, any waiver of any Default or Event of Default or any mandatory prepayment); it being understood that no change in the definition of "First Lien Leverage Ratio" or any other ratio used in the calculation of any mandatory prepayment (including any component definition thereof) shall constitute such an extension or postponement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) reduce the rate of interest on any Loan held by such Lender or the stated amount of any fee owed to such Lender (other than to waive any Default or Event of Default or obligation of the Borrowers to pay interest at the default rate of interest under <u>Section 2.13(d)</u>, which shall only require the consent of the Required Lenders, or to waive adjustments in interest rate or fees pursuant to the final paragraph of the definition of "Applicable Rate", which shall only require the consent of the Required RCF/TLA Lenders); it being understood that no change in the definition of "Total Leverage Ratio" or any other ratio used in the calculation of the Applicable Rate, or in the calculation of any other interest or fee due hereunder (including any component definition thereof), shall constitute a reduction of any rate of interest or fee hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) waive, amend or modify the provisions of <u>Section 2.11(a)</u>, <u>2.11(b)(vi)</u>, <u>2.18(b)</u> or <u>2.18(c)</u> of this Agreement, or any other "waterfall" or pro rata sharing provision of any other Loan Document, in a manner that would by its terms alter the pro rata sharing of payments or priority of payments required thereby in a manner adverse to such Lender (except as otherwise provided in this <u>Section 9.02</u>); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) (i) subordinate any of the Liens securing all or any portion of the Obligations to any Lien securing other Indebtedness or (ii) subordinate all or any portion of the Obligations in right of payment to any other Indebtedness, in each case except (x) if each adversely affected Lender is offered the bona fide opportunity to participate on a pro rata basis in such other Indebtedness on the same terms and conditions, and with the same fees and other economics, as is offered to all other providers (or their respective Affiliates) of such other Indebtedness and (y) pursuant to any debtor-in-possession financing to be provided under Section 364 of the Bankruptcy Code or pursuant to any analogous financing under any other Debtor Relief Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) no such agreement shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) change (x) any of the provisions of <u>Section 9.02(b)</u> or the definition of "Required Lenders", or any other provision of any Loan Document specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, in each case to reduce any voting percentage required to waive, amend or modify any right, or make any determination or grant any consent, under any Loan Document, without the prior written consent of each Lender (or each Lender of such Class, as the case

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may be); <u>provided</u> that, in the case of any provision of <u>Section 9.02(b)</u> or any other such provision, in each case, that by its express terms only relates to Lenders of a particular Class or Classes, any such change to such provision shall require the prior written consent of each Lender of such Class or Classes (it being understood that neither the consent of the Required Lenders nor the consent of any other Lender shall be required in connection with any such change), (y) the definition of "Required Revolving Lenders" to reduce any voting percentage required to waive, amend or modify any right, or make any determination or grant any consent, under any Loan Document, without the prior written consent of each Revolving Lender (it being understood that neither the consent of the Required Lenders nor the consent of any other Lender shall be required in connection with any change to the definition of "Required Revolving Lenders") or (z) the definition of "Required RCF/TLA Lenders" to reduce any voting percentage required to waive, amend or modify any right, or make any determination or grant any consent, under any Loan Document, without the prior written consent of each Revolving Lender and each Term A Lender (it being understood that neither the consent of the Required Lenders nor the consent of any other Lender shall be required in connection with any change to the definition of "Required RCF/TLA Lenders");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) release all or substantially all of the Collateral from the Liens granted pursuant to the Loan Documents (except as otherwise permitted herein or in the other Loan Documents, including pursuant to <u>Article 8</u> or <u>Section 9.22</u> or <u>9.26</u><u>**9.25**</u> hereof or pursuant to any Acceptable Intercreditor Agreement), without the prior written consent of each Lender; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) release all or substantially all of the value of the Loan Guarantees under the Guarantee Agreement (except as otherwise permitted herein or in the other Loan Documents, including pursuant to <u>Article 8</u> or <u>Section 9.22</u> hereof), without the prior written consent of each Lender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) after the Availability Date, solely with the consent of the Required Revolving Lenders (and not without such consent) (but without the consent of the Required Lenders or any other Lender), any such agreement (i) may waive, amend or modify any condition precedent set forth in <u>Section 4.03</u> hereof as it pertains to any Revolving Loan and/or (ii) waive any Default or Event of Default that results from any representation or warranty made or deemed made by any Loan Party in any Loan Document in connection with any Credit Extension under any Revolving Facility being untrue in any material respect as of the date made or deemed made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) solely with the consent of the Required RCF/TLA Lenders (and not without such consent) (but without the consent of the Required Lenders or any other Lender), any such agreement may (i) waive, amend or modify <u>Section 6.10</u> (or the definition of "Total Leverage Ratio", "Interest Coverage Ratio" or any component definition thereof, in each case, as any such definition is used solely for purposes of <u>Section 6.10</u>) (other than for purposes of determining compliance with <u>Section 6.10</u> as a condition to taking any action under this Agreement) or (ii) waive any Default or Event of Default in respect of <u>Section 6.10</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) solely with the consent of the relevant Issuing Bank and the Administrative Agent, any such agreement may increase or decrease the Letter of Credit Sublimit; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) solely with the consent of the Parent Guarantor, the Administrative Agent and applicable Class or Classes of Revolving Lenders and/or, if applicable, the Issuing Banks (but without the consent of the Required Lenders or any other Lender), subject to the provisions of <u>Section 1.10</u>, this Agreement may be amended or otherwise modified to permit the availability of Revolving Loans and/or Letters of Credit denominated in a currency other than US Dollars and to make technical changes to this Agreement and any other Loan Document to accommodate the inclusion of any such new currency;

<u>provided</u>, <u>further</u>, that (x) no such agreement shall adversely amend, modify or otherwise affect the rights (including as to fees, immunities or indemnities) or duties of the Administrative Agent, any Collateral Agent or any Issuing Bank hereunder or under any other Loan Document without the prior written consent of the Administrative Agent, such Collateral Agent or such Issuing Bank, as the case may be. The Administrative Agent may also amend Schedule 2.01 to reflect assignments entered into pursuant to <u>Section 9.05</u>, Commitment reductions or terminations pursuant to <u>Section 2.09</u>, establishment of Additional Commitments pursuant to <u>Sections 2.22</u>, <u>2.23</u> or <u>9.02(c)</u>. Notwithstanding anything to the contrary herein, no consent with respect to any waiver, amendment or modification of this Agreement or any other Loan Document shall be required of any Defaulting Lender, except with respect to any waiver, amendment or modification referred to in <u>clause (A)(1)</u>, <u>(A)(2)</u>, <u>(A)(3)</u> or <u>(A)(4)</u> above (or <u>clause (A)(5)</u> above if such waiver, amendment or modification by its terms affects such Defaulting Lender more adversely than the other directly and adversely affected Lenders of the same Class) and then only in the event such Defaulting Lender shall be directly and adversely affected by such waiver, amendment or modification. Notwithstanding the foregoing, but without limiting the provisions of <u>Section 2.22(g)</u>, this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent and the Parent Guarantor (i) to add one or more additional credit facilities to this Agreement and to permit any extension of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the relevant benefits of this Agreement and the other Loan Documents and (ii) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders on substantially the same basis as the Lenders prior to such inclusion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding the foregoing, this Agreement may be amended:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) with the written consent of the Parent Guarantor and the Lenders providing the relevant Replacement Term Loans to permit the refinancing or replacement of all or any portion of the outstanding Term Loans under any Class (any such Term Loans being refinanced or replaced, the "**Replaced Term Loans**") with one or more replacement term loans hereunder ("**Replacement Term Loans**") pursuant to a Refinancing Amendment; <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the aggregate principal amount of any Replacement Term Loans shall not exceed the aggregate principal amount of the Replaced Term Loans (plus (1) any additional amounts permitted to be incurred under <u>Section 2.22</u> and (2) the amount of accrued interest, penalties and premium (including any tender premium) thereon and underwriting discounts, fees (including upfront fees, original issue discount or initial yield payments), commissions and expenses associated therewith);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) any Replacement Term Loans must have a scheduled final maturity date that is equal to or later than the scheduled final maturity date of, and have a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Replaced Term Loans at the time of the relevant refinancing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) any Replacement Term Loans shall rank pari passu with the other Credit Facilities right of payment and with respect to security;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) any Replacement Term Loans may not be secured by any assets other than the Collateral;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) any Replacement Term Loans may not be Guaranteed by any Person other than one or more Loan Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) any Replacement Term Loans may participate (A) in any voluntary prepayment of Term Loans as set forth in <u>Section 2.11(a)(i)</u> and (B) in any mandatory prepayment of Term Loans as set forth in <u>Section 2.11(b)(vi)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G) any Replacement Term Loans shall have pricing (including interest, rate floors, fees and premiums) and, subject to preceding <u>clause (F)</u>, optional and mandatory prepayment terms and, subject to preceding <u>clause (B)</u>, an amortization schedule, as the applicable Borrowers and the Lenders providing such Replacement Term Loans may agree;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H) the covenants and events of default applicable to any Replacement Term Loans shall be (i) substantially identical to, or (taken as a whole) not materially more favorable (as determined by the Parent Guarantor in good faith) to the Lenders providing such Replacement Term Loans than, those applicable to the Replaced Term Loans (other than covenants or other events of default applicable only to periods after the Latest Maturity Date (as of the date of incurrence of such Replacement Term Loans)) or (ii) reasonably acceptable to the Administrative Agent (it being agreed that (x) covenants and events of default applicable to any Replacement Term Loans that are more favorable to the Lenders of such Replacement Term Loans than those contained in the Loan Documents and are then conformed (or added) to the Loan Documents pursuant to the applicable Refinancing Amendment shall thereafter be deemed acceptable to the Administrative Agent and (y) if any financial maintenance covenant, any other covenant or any event of default is added for the benefit of any Replacement Term Loan, then, unless such covenant or event of default is only applicable to periods after the later of the Initial Term Loan Maturity Date and the Initial Revolving Credit Maturity Date, such covenant or event of default shall be added for the benefit of any then-existing Term A Facility and any then-existing Revolving Facility); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) such Replaced Term Loans and all accrued interest thereon shall have been or shall be paid in full prior to or on the date of incurrence of such Replacement Term Loans; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) with the written consent of the Parent Guarantor and the Lenders providing the relevant Replacement Revolving Facility to permit the refinancing or replacement of all or any portion of any Revolving Credit Commitment under the applicable Class (any such Revolving Credit Commitment being refinanced or replaced, a "**Replaced Revolving Facility**") with a replacement revolving facility hereunder (a "**Replacement Revolving Facility**") pursuant to a Refinancing Amendment; <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the aggregate principal amount of any Replacement Revolving Facility shall not exceed the aggregate principal amount of the Replaced Revolving Facility (plus (x) any additional amounts permitted to be incurred under <u>Section 2.22</u> and (y) the amount of accrued interest, penalties and premium thereon, any committed but undrawn amounts and underwriting discounts, fees (including upfront fees and original issue discount), commissions and expenses associated therewith);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) no Replacement Revolving Facility (may have a scheduled final maturity date (or require scheduled commitment reductions) prior to the scheduled final maturity date of the relevant Replaced Revolving Facility at the time of such refinancing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) any Replacement Revolving Facility shall rank pari passu with the other Credit Facility in right of payment and with respect to security;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) any Replacement Revolving Facility may not be secured by any assets other than the Collateral;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) any Replacement Revolving Facility may not be Guaranteed by any Person other than one or more Loan Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) any Replacement Revolving Facility shall be subject to the "ratability" provisions applicable to Extended Revolving Credit Commitments and Extended Revolving Loans set forth in the proviso to <u>Section 2.23(a)(i)</u>, mutatis mutandis, to the same extent as if fully set forth in this <u>Section 9.02(c)(ii)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G) any Replacement Revolving Facility shall have pricing (including interest, rate floors, fees and premiums) and, subject to the preceding <u>clause (F)</u>, optional and mandatory prepayment and commitment reduction terms as the applicable Borrowers and the Lenders providing such Replacement Revolving Facility may agree;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H) the covenants and events of default of any Replacement Revolving Facility shall be (i) substantially identical to, or (taken as a whole) not more favorable (as determined by the Parent Guarantor in good faith) to the Lenders providing such Replacement Revolving Facility than, those applicable to the Replaced Revolving Facility (other than covenants or other provisions applicable only to periods after the Latest Maturity Date (as of the date of incurrence of the relevant Replacement Revolving Facility)) or (ii) reasonably acceptable to the Administrative Agent (it being agreed that (x) covenants and events of default applicable to any Replacement Revolving Facility that are more favorable to the Lenders of such Replacement Revolving Facility than those contained in the Loan Documents and are then conformed (or added) to the Loan Documents pursuant to the applicable Refinancing Amendment shall thereafter be deemed acceptable to the Administrative Agent and (y) if any financial maintenance covenant, any other covenant or any event of default is added for the benefit of any Replacement Revolving Facility, then, unless such covenant or event of default is only applicable to periods after the later of the Initial Term Loan Maturity Date and the Initial Revolving Credit Maturity Date, such covenant or event of default shall be added for the benefit of any then-existing Term A Facility and any then-existing Revolving Facility); and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) the Commitments in respect of the Replaced Revolving Facility shall be terminated to the extent of such refinancing or replacement, and all Revolving Loans outstanding thereunder and all fees then due and payable in connection therewith shall be paid in full, in each case on the date such Replacement Revolving Facility is implemented.

Each party hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be amended by the Parent Guarantor, the Administrative Agent and the Lenders providing the relevant Replacement Term Loans or the Replacement Revolving Facility, as applicable, to the extent (but only to the extent) necessary to reflect the existence and terms of such Replacement Term Loans or Replacement Revolving Facility, as applicable, incurred or implemented pursuant thereto (including any amendment necessary to treat the Loans and Commitments subject thereto as a separate "tranche" and "Class" of Loans and/or Commitments hereunder). Replacement Term Loans and Replacement Revolving Facilities may be provided by any existing Lender or by any other Eligible Assignee; <u>provided</u> that the Administrative Agent (and, in the case of any Replacement Revolving Facility, each Issuing Bank) shall have consented (such consent not to be unreasonably withheld, conditioned or delayed) to the proposed Lender's provision of Replacement Term Loans or Replacement Revolving Facility if such consent would be required under <u>Section 9.05(b)</u> for an assignment of Loans to such proposed Lender. It is understood that any Lender approached to provide all or a portion of any Replacement Term Loans or any Replacement Revolving Facility may elect or decline, in its sole discretion, to provide such Replacement Term Loans or Replacement Revolving Facility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding anything to the contrary contained in this <u>Section 9.02</u> or any other provision of this Agreement or any provision of any other Loan Document, (i) the Parent Guarantor, the Administrative Agent and any Collateral Agent may (without the input or consent of any Lender, but in the case of any Collateral Agent, upon the instruction of the Administrative Agent), amend, supplement and/or waive the Guarantee Agreement or any Collateral Document to (x) comply with any requirements of applicable law, (y) cause the Guarantee Agreement or any Collateral Document to be consistent with this Agreement and/or the relevant other Loan Documents and (z) to add provisions with respect to "parallel debt" and other non-U.S. guarantee and collateral matters, including any authorizations, collateral trust arrangements or other granting of powers by the Lenders and the other Secured Parties in favor of the Agents, (ii) the Parent Guarantor and the Administrative Agent may, without the input or consent of any other Lender (other than the relevant Lenders (including Additional Lenders) providing Loans under such Sections), effect amendments to this Agreement and the other Loan Documents as may be necessary or appropriate in the reasonable opinion of the Parent Guarantor and the Administrative Agent to (A) effect the provisions of <u>Sections 1.04(a)(i)</u>, <u>1.08(d)</u>, <u>1.10</u>, <u>1.12</u>, <u>2.14(b)</u>, <u>2.22</u>, <u>2.23</u>, <u>5.12</u>, <u>5.13</u> and <u>9.02(c)</u> (including, in the case of any Term Loans incurred or established pursuant to any such Section that are intended to be "fungible" with any then-existing Class of Term Loans, to modify the scheduled amortization to be in such percentages or amounts as may be agreed by the Parent Guarantor and the Administrative Agent and to add or extend any "call protection" period for the benefit of, or increase the effective yield with respect to, such then-existing Class of Term Loans, in each case, to the extent necessary in order to ensure that such Term Loans are "fungible" with such then-existing Class of Term Loans) or any other provision specifying that any waiver, amendment or modification may be made with the consent or approval of the Administrative Agent and/or the Administrative Agent and/or (B) add terms (including representations and warranties, conditions, prepayments, covenants or events of default), in connection with the addition of any Loan or Commitment hereunder or the incurrence of any Incremental Equivalent Debt that are favorable to the then-existing Lenders, as reasonably determined by the Administrative Agent (it being understood that, where applicable, any such amendment may be

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effectuated as part of an Incremental Facility Amendment, an Extension Amendment and/or a Refinancing Amendment), (iii) if the Administrative Agent and the Parent Guarantor have jointly identified any ambiguity, mistake, defect, inconsistency, obvious error or any error or omission of a technical or administrative nature or any necessary or desirable technical change, in each case, in any provision of any Loan Document, then the Administrative Agent and the Parent Guarantor shall be permitted to amend such provision solely to address such matter as reasonably determined by them acting jointly without the input or consent of any Lender, (iv) the Administrative Agent, the Collateral Agents and the Parent Guarantor may amend, restate, amend and restate or otherwise modify any Acceptable Intercreditor Agreement as provided therein or to give effect thereto or to carry out the purpose thereof (without the input or consent of any Lender, but in the case of any Collateral Agent, upon the instruction of the Administrative Agent), (v) this Agreement may be amended in the manner provided in <u>Sections 2.14(b)</u>, <u>4.02(m)</u>, <u>4.02(n)</u> and <u>9.26</u><u>**9.25**</u> , (vi) this Agreement may be amended in the manner provided in <u>Section 2.05(i)</u> and the definition of "Letter of Credit Commitment", (vii) if the Parent Guarantor shall have delivered a written notice to the Administrative Agent that the Parent Guarantor intends change its Fiscal Year to end on any date set forth in such notice, the Parent Guarantor and the Administrative Agent may, without the input or consent of any Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Parent Guarantor and the Administrative Agent, to give effect to such change in Fiscal Year and any corresponding changes in the Fiscal Quarters, (viii) any amendment, waiver or modification of any term or provision that directly affects Lenders under one or more Classes and does not directly affect Lenders under one or more other Classes may be effected with the consent of the requisite number or percentage in interest of each affected Class of Lenders that would be required to consent thereto under <u>Section 9.02(b)</u> if such class of Lenders were the only Class of Lenders hereunder at the time and (ix) any provision of this Agreement or any other Loan Document may be amended by an agreement in writing entered into by the Parent Guarantor, the Administrative Agent and the Lenders that will remain parties hereto after giving effect to such amendment if (A) by the terms of such agreement the Commitments of each Lender not consenting to the amendment provided for therein shall be reduced to zero upon the effectiveness of such amendment and (B) at the time such amendment becomes effective, each Lender not consenting thereto receives payment in full in Cash of the principal of and interest accrued on each Loan made by it and all other amounts owing to it or accrued for its account under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding anything to the contrary in any Loan Document, in connection with any determination as to whether the requisite Lenders have (i) consented (or not consented) to any waiver, amendment or modification of any provision of this Agreement or any other Loan Document or any departure by any Loan Party therefrom, (ii) otherwise acted on any matter related to this Agreement or any other Loan Document or (iii) directed or required the Administrative Agent, the applicable Collateral Agent or any Lender to undertake any action (or refrain from taking any action) with respect to this Agreement or under any other Loan Document, any Lender (or any Affiliate of such Lender (<u>provided</u> that for purposes of this <u>clause (e)</u>, Affiliates shall not include Persons that are subject to customary procedures to prevent the sharing of confidential information between such Lender and such Person and such Person is managed having independent fiduciary duties to the investors or other equityholders of such Person and such investors or equityholders are not the same investors or equityholders of such Lender)) (other than (x) any Lender that is a Regulated Bank, (y) any Revolving Lender or any Affiliate thereof or (z) any Affiliate of a Regulated Bank to the extent that (1) all of the equity of such Affiliate is directly or indirectly owned by either (I) such Regulated Bank or (II) a parent company that also owns, directly or indirectly, all of the equity of such Regulated Bank and (2) such Affiliate is a securities broker or dealer registered with the SEC under section 15 of the Securities Exchange Act of 1934)) that, as a result of its interest (or such Affiliates, collective interests) in any total return swap, total rate of return swap, credit default swap or other derivative contract (other than any such total return swap, total rate of return swap, credit default swap or other derivative contract entered into pursuant to bona fide market making activities), has a net short position with respect to any of the Loans or Commitments, or with

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respect to any other tranche, class or series of Indebtedness for borrowed money incurred or issued by the Parent Guarantor or any of its Restricted Subsidiaries at such time of determination (including commitments with respect to any revolving credit facility) (each such item of Indebtedness, including the Loan and Commitments, "**Specified Indebtedness**") (each such Lender, a "**Net Short Lender**") shall have no right to vote with respect to any waiver, amendment or modification of this Agreement or any other Loan Documents and shall be deemed to have voted its interest as a Lender without discretion in the same proportion as the allocation of voting with respect to such matter by Lenders who are not Net Short Lenders (including in any plan of reorganization). For purposes of determining whether a Lender (alone or together with its Affiliates) has a "net short position" on any date of determination: (i) derivative contracts with respect to any Specified Indebtedness and such contracts that are the functional equivalent thereof shall be counted at the notional amount of such contract in U.S. Dollars, (ii) notional amounts in other currencies shall be converted to the U.S. Dollar equivalent thereof by such Lender in a commercially reasonable manner consistent with generally accepted financial practices and based on the prevailing conversion rate (determined on a mid-market basis) on the date of determination, (iii) derivative contracts in respect of an index that includes the Parent Guarantor or any other Restricted Subsidiary or any instrument issued or guaranteed by the Parent Guarantor or any other Restricted Subsidiary shall not be deemed to create a short position with respect to such Specified Indebtedness, so long as (x) such index is not created, designed, administered or requested by such Lender or its Affiliates and (y) the Parent Guarantor and its Restricted Subsidiaries and any instrument issued or guaranteed by the Parent Guarantor or its Restricted Subsidiaries, collectively, shall represent less than 5% of the components of such index, (iv) derivative transactions that are documented using either the 2014 ISDA Credit Derivatives Definitions or the 2003 ISDA Credit Derivatives Definitions (collectively, the "**ISDA CDS Definitions**") shall be deemed to create a short position with respect to the relevant Specified Indebtedness if such Lender or its Affiliates is a protection buyer or the equivalent thereof for such derivative transaction and (x) the relevant Specified Indebtedness is a "Reference Obligation" under the terms of such derivative transaction (whether specified by name in the related documentation, included as a "Standard Reference Obligation" on the most recent list published by Markit, if "Standard Reference Obligation" is specified as applicable in the relevant documentation or in any other manner), (y) the relevant Specified Indebtedness would be a "Deliverable Obligation" under the terms of such derivative transaction or (z) the Parent Guarantor or any Restricted Subsidiary is designated as a "Reference Entity" under the terms of such derivative transaction and (v) credit derivative transactions or other derivatives transactions not documented using the ISDA CDS Definitions shall be deemed to create a short position with respect to any Specified Indebtedness if such transactions offer the Lender or its Affiliates protection against a decline in the value of such Specified Indebtedness, or in the credit quality of the Parent Guarantor or any Restricted Subsidiary, in each case, other than as part of an index so long as (x) such index is not created, designed, administered or requested by such Lender or its Affiliates and (y) the Parent Guarantor and the Restricted Subsidiaries, and any instrument issued or guaranteed by the Parent Guarantor or the other Restricted Subsidiaries, collectively, shall represent less than 5% of the components of such index. In connection with any waiver, amendment or modification of this Agreement or the other Loan Documents, each Lender (other than any Lender that is a Regulated Bank or a Revolving Lender as of the Availability Date) will be deemed to have represented to the Parent Guarantor, the Borrowers and the Administrative Agent that it does not constitute a Net Short Lender, in each case, unless such Lender shall have notified the Parent Guarantor and the Administrative Agent prior to the requested response date with respect to such waiver, amendment or modification that it constitutes a Net Short Lender (it being understood and agreed that the Parent Guarantor, the Borrowers and the Administrative Agent shall be entitled to rely on each such representation and deemed representation). In no event shall the Administrative Agent be obligated to monitor as to whether any Lender is a Net Short Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender, execute waivers, amendments or modifications of this Agreement or any other Loan Document on behalf of such Lender. Any waiver, amendment or modification effected in accordance with this <u>Section 9.02</u> shall be binding upon each Person that is at the time thereof a Lender and each Person that subsequently becomes a Lender.

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SECTION 9.03. <u>Expenses; Indemnity</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to <u>Section 9.05(f)</u>, the Borrowers shall pay (i) all reasonable and documented out-of-pocket expenses incurred by each Arranger, the Administrative Agent, any Collateral Agent and their respective Affiliates (but limited, in the case of legal fees and expenses, to the actual reasonable and documented out-of-pocket fees, disbursements and other charges of one firm of outside counsel to all such Persons (other than the Foreign Collateral Agent) taken as a whole, one firm of outside counsel to the Foreign Collateral Agent and one firm of local counsel in each Obligor Jurisdiction and, if necessary, in any other relevant jurisdiction to all such Persons, taken as a whole, which may include a single firm of local counsel acting in multiple jurisdictions) in connection with the syndication of the Credit Facilities and the preparation, execution, delivery and administration of the Loan Documents and any related documentation, including in connection with any amendment, modification or waiver of any provision of any Loan Document (whether or not the transactions contemplated thereby are consummated, but only to the extent the preparation of any such amendment, modification or waiver was requested by the Borrowers) and (ii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agents, the Arrangers, the Issuing Banks or the Lenders or any of their respective Affiliates (but limited, in the case of legal fees and expenses, to the actual reasonable and documented out-of-pocket fees, disbursements and other charges of one firm of outside counsel to all such Persons (other than the Foreign Collateral Agent) taken as a whole, one firm of outside counsel to the Foreign Collateral Agent and one firm of local counsel in each Obligor Jurisdiction and, if necessary, in any other relevant jurisdiction to all such Persons, taken as a whole, which may include a single firm of local counsel acting in multiple jurisdictions) in connection with the enforcement, collection or protection of their respective rights in connection with the Loan Documents, including their respective rights under this Section, or in connection with the Loans made and/or Letters of Credit issued hereunder. Except to the extent required to be paid on the Effective Date or the Availability Date, all amounts due under this <u>paragraph (a)</u> shall be payable by the Borrowers within 30 days of receipt by the Parent Guarantor of an invoice setting forth such expenses in reasonable detail, together with backup documentation supporting the relevant reimbursement request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrowers shall indemnify each Arranger, the Administrative Agent, each Collateral Agent, each Issuing Bank, each Lender and each Related Party of any of the foregoing Persons (each such Person being called an "**Indemnitee**") against, and hold each Indemnitee harmless from, any and all Liabilities (but limited, in the case of legal fees and expenses, to the actual reasonable and documented out-of-pocket fees, disbursements and other charges of one firm of counsel to the Foreign Collateral Agent and one firm of counsel to all other Indemnitees taken, as a whole and, if reasonably necessary, one firm of local counsel in any relevant jurisdiction to all Indemnitees taken as a whole, which may include a single firm of local counsel acting in multiple jurisdictions, and, solely in the case of an actual or perceived conflict of interest after the affected Person notifies the Parent Guarantor of such conflict, (x) one additional firm of counsel to all similarly situated affected Indemnitees taken as a whole and (y) one additional firm of local counsel in any relevant jurisdiction to all similarly situated affected Indemnitees taken as a whole, which may include a single firm of local counsel acting in multiple jurisdictions), incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of the Loan Documents or any agreement or instrument contemplated thereby, the performance by the parties hereto of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated hereby or thereby, (ii) the use of the proceeds of the Loans or the use of any Letter of Credit, (iii) to the extent relating to or arising from any of the foregoing, any actual or alleged presence or release of Hazardous Materials on or from

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any property owned or operated by the Parent Guarantor or any of its Restricted Subsidiaries, or any Environmental Liability related in any way to the Parent Guarantor or any of its Restricted Subsidiaries or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by any Borrower, any other Loan Party or any of their respective Affiliates); <u>provided</u> that such indemnity shall not, as to any Indemnitee, be available to the extent that any such Liability (i) is determined by a final and non-appealable judgment of a court of competent jurisdiction (or documented in any settlement agreement referred to below) to have resulted from the bad faith (other than with respect to any Agent or its Related Parties, in each case acting in their respective capacities as such), gross negligence or willful misconduct of such Indemnitee or its Related Party or, other than with respect to any Agent or its Related Parties, in each case acting in their respective capacities as such, to the extent such judgment finds (or any such settlement agreement acknowledges) that any such Liability has resulted from such Person's or a Related Party of such Person's material breach of the Loan Documents or (ii) arises out of any claim, litigation, investigation or proceeding brought by such Indemnitee against another Indemnitee (other than any claim, litigation, investigation or proceeding that is brought by or against the Administrative Agent, any Collateral Agent, any Issuing Bank or any Arranger acting in its capacity as, or in fulfilling its role as, the Administrative Agent, a Collateral Agent, an Issuing Bank or an Arranger) that does not involve any act or omission of the Parent Guarantor or any of its Subsidiaries. Each Indemnitee shall be obligated to refund or return any and all amounts paid by the Borrowers pursuant to this <u>Section 8.03(b)</u> to such Indemnitee for any fees, expenses or damages to the extent such Indemnitee is not entitled to payment thereof in accordance with the terms hereof. All amounts due under this <u>Section 8.03(b)</u> shall be payable by the Borrowers within 30 days (x) after receipt by the Parent Guarantor of a written demand therefor, in the case of any indemnification obligations and (y) in the case of reimbursement of costs and expenses, after receipt by the Parent Guarantor of an invoice, setting forth such costs and expenses in reasonable detail, together with backup documentation supporting the relevant reimbursement request. This <u>Section 8.03(b)</u> shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages or liabilities arising from any non-Tax claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Without limiting the provisions of <u>Sections 8.03(a)</u> or <u>8.03(b)</u>, each Loan Party jointly and severally shall promptly indemnify the Collateral Agents or any of their sub-agents against any cost, loss or liability incurred by any of them as a result of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any failure by the Borrowers to comply with their obligations under <u>Section 8.03(a)</u> or <u>8.03(b)</u> above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) acting or relying on any notice, request or instruction which it reasonably believes to be genuine, correct and appropriately authorized;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the taking, holding, protection or enforcement of the Collateral;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the exercise of any of the rights, powers, discretions, authorities and remedies vested in any Collateral Agent by the Loan Documents or by law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) any default by any Loan Party in the performance of any of the obligations expressed to be assumed by it in the Loan Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) instructing lawyers, accountants, tax advisers, surveyors or other professional advisers or experts as permitted under this Agreement or any other Loan Document; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) acting as a Collateral Agent or its sub-agent under the Loan Documents or which otherwise relates to any of the Collateral (in each case, other than by reason of the applicable Collateral Agent or its sub-agent's gross negligence or willful misconduct, as determined by a final and nonappealable judgement of a court of competent jurisdiction).

Each Collateral Agent and its sub-agents may, in priority to any payment to the Secured Parties, indemnify itself out of the Collateral in respect of, and pay and retain, all sums necessary to give effect to the indemnity in this paragraph (c) and shall have a Lien on the Collateral and the proceeds of the enforcement of the Collateral for all moneys payable to it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Borrowers shall not be liable for any settlement or compromise of, or the consent to the entry of any judgment with respect to, any proceeding effected without consent of the Parent Guarantor (which consent shall not be unreasonably withheld, delayed or conditioned), but if any proceeding is so settled, compromised or consented to with the Parent Guarantor's written consent, or if there is a final judgment entered against any Indemnitee in any such proceeding, the Borrowers agree to indemnify and hold harmless each Indemnitee to the extent and in the manner set forth above. The Borrowers shall not, without the prior written consent of the affected Indemnitee (which consent shall not be unreasonably withheld, conditioned or delayed), effect any settlement of any pending or threatened proceeding in respect of which indemnity has been sought hereunder by such Indemnitee unless (i) such settlement includes an unconditional release of such Indemnitee from all liability or claims that are the subject matter of such proceeding and (ii) such settlement does not include any statement as to any admission of fault or culpability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the extent that the Borrowers fail to indefeasibly pay any amount required to be paid by them under <u>Section 9.03(a)</u>, <u>9.03(b)</u> or <u>9.03(c)</u> to any Agent (or any sub-agent thereof), any Issuing Bank or any Related Party of any of the foregoing (and without limiting their obligation to do so), each Lender severally agrees to pay to such Agent (or any such sub-agent), such Issuing Bank or such Related Party, as the case may be, promptly upon demand, such Lender's pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; <u>provided</u> that the unreimbursed cost, expense, liability or other amount, as the case may be, was incurred by or asserted against such Agent (or such sub-agent) or such Issuing Bank in its capacity as, or in fulfilling its role as, such, or against any Related Party of any of the foregoing acting for any Agent (or any such sub-agent) or any Issuing Bank in connection with such capacity. For purposes of this Section, a Lender's "pro rata share" shall be determined based upon its share of the sum of the total amount Term Loans, Revolving Credit Exposures and unused Commitments at the time (or most recently outstanding and in effect).

SECTION 9.04. <u>Limitation of Liability</u>. To the extent permitted by applicable law, no party hereto shall assert, and each party hereto hereby waives, any Liabilities against any other party hereto, any other Loan Party (or any Related Party of any Loan Party) or any other Lender-Related Person, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof; <u>provided</u> that this sentence shall not limit any Loan Party's indemnification obligations set forth in <u>Section 9.03</u> or in any other agreement to which such Loan Party is a party to the extent the relevant special, indirect, consequential or punitive damages are included in any third party claim in connection with which the relevant Lender-Related Person is entitled to indemnification hereunder. No Loan Party shall assert, and each hereby waives, any claim against any Lender-Related Person for any Liabilities arising from the use by others of any information or other materials (including personal data) obtained through telecommunications, electronic or other information transmission systems (including the Internet and the Approved Electronic Platform), except, in the case

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of any Lender-Related Person, to the extent resulting from its or its Related Parties' bad faith (other than with respect to any Agent or its Related Parties, in each case acting in their respective capacities as such), gross negligence or willful misconduct, as determined by a court of competent jurisdiction by final and non-appealable judgment.

SECTION 9.05. <u>Successors and Assigns</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns; <u>provided</u> that (i) except as provided under <u>Section 1.12(c)</u>, <u>6.06(a)</u> or <u>6.06(c)</u>, neither the Parent Guarantor nor any Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Parent Guarantor or a Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with the terms of this Section (and any attempted assignment or transfer not complying with the terms of this Section shall be null and void and, with respect to any attempted assignment or transfer to any Disqualified Institution, subject to <u>Section 9.05(f)</u>). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and permitted assigns, Participants (to the extent provided in <u>paragraph (c)</u> of this Section) and, to the extent expressly contemplated hereby, the Related Parties of each of the Arrangers, the Administrative Agent, any Collateral Agent, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i) Subject to the conditions set forth in <u>paragraph (b)(ii)</u> below, any Lender may assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of any Loan or Commitment of such Lender) with the prior written consent (not to be unreasonably withheld or delayed) of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the Parent Guarantor; <u>provided</u> that the Parent Guarantor shall be deemed to have consented to any assignment of Term Loans (other than any such assignment to a Disqualified Institution or an Affiliate thereof referred to in the last proviso of this <u>clause (i)</u> and identified to the Administrative Agent as such) if it has not expressly objected within 10 Business Days after receiving such written request; <u>provided</u>, <u>further</u>, that no consent of the Parent Guarantor shall be required (w) for any assignment of Term Loans or Term Loan Commitments to another Lender, an Affiliate of any Lender or an Approved Fund, (x) for any assignment of Revolving Loans or Revolving Credit Commitments to another Revolving Lender or an Affiliate of any Revolving Lender or (y) for any assignment during the continuance of a Specified Event of Default;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) the Administrative Agent; <u>provided</u> that no consent of the Administrative Agent shall be required for any assignment to another Lender, any Affiliate of a Lender or any Approved Fund, or for any assignment to the Parent Guarantor and/or its Subsidiaries which otherwise complies with the terms of this <u>Section 9.05</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) in the case of any Revolving Facility, each Issuing Bank; <u>provided</u> that no consent of an Issuing Bank shall be required if an Event of Default occurs with respect to the Parent Guarantor under <u>Section 7.01(i)</u> or <u>7.01(h)</u> and such Issuing Bank has no outstanding Letters of Credit at the time of the applicable assignment;

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 <u>provided</u>, that, notwithstanding the foregoing, the Parent Guarantor may, in its sole discretion, withhold its consent to any assignment to any Person that is not expressly a Disqualified Institution but is known by the Parent Guarantor to be an Affiliate of a Disqualified Institution without regard as to whether such Person is identifiable as an Affiliate of a Disqualified Institution on the basis of such Affiliate's name;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Assignments shall be subject to the following additional conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) except in the case of any assignment to another Lender, any Affiliate of any Lender or any Approved Fund or any assignment of the entire remaining amount of the relevant assigning Lender's Loans or Commitments of any Class, the principal amount of Loans or Commitments of the assigning Lender subject to the relevant assignment (determined on an aggregate basis in the event of concurrent assignments to Related Funds or by Related Funds) shall not be less than (x) US$1,000,000, in the case of Term Loans and Term Loan Commitments and (y) US$5,000,000 in the case of Revolving Loans and Revolving Credit Commitments, in each case, unless the Parent Guarantor and the Administrative Agent otherwise consent to a lesser amount; <u>provided</u> that (1) the Parent Guarantor shall be deemed to have consented to any such assignment amount unless it shall have objected thereto by written notice to the Administrative Agent within 10 Business Days after having received notice thereof and (2) no consent of the Parent Guarantor shall be required for any such assignment during the continuance of a Specified Event of Default;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) any partial assignment shall be made as an assignment of a proportionate part of all the relevant assigning Lender's rights and obligations under this Agreement; <u>provided</u> that this <u>clause (B)</u> shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender's rights and obligations in respect of one Class of Loans or Commitments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption via an electronic settlement system acceptable to the Administrative Agent (or, if previously agreed with the Administrative Agent, manually), and shall pay to the Administrative Agent a processing and recordation fee of US$3,500 (which fee may be waived or reduced in the sole discretion of the Administrative Agent); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) the relevant Eligible Assignee, if it is not a Lender, shall deliver on or prior to the effective date of such assignment, to the Administrative Agent and the Parent Guarantor (irrespective of whether an Event of Default exists) (1) an Administrative Questionnaire and (2) any form required under <u>Section 2.17</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Except as otherwise provided in <u>Section 9.05(g)</u>, subject to the acceptance and recording thereof pursuant to <u>paragraph (b)(iv)</u> of this Section, from and after the effective date specified in any Assignment and Assumption, the Eligible Assignee thereunder shall be a party hereto and, to the extent of the interest assigned pursuant to such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender's rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be (A) entitled to the benefits of <u>Sections 2.15</u>, <u>2.16</u>, <u>2.17</u> and <u>9.03</u> with respect to facts and circumstances occurring on or prior

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to the effective date of such assignment and (B) subject to its obligations thereunder and under <u>Section 9.13</u>). If any assignment by any Lender holding any Promissory Note is made after the issuance of such Promissory Note, the assigning Lender shall, upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender such Promissory Note to the Administrative Agent for cancellation, and, following such cancellation, if requested by either the assignee or the assigning Lender, the applicable Borrowers shall issue and deliver a new Promissory Note to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the new commitments and/or outstanding Loans of the assignee and/or the assigning Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrowers, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders and their respective successors and assigns, and the commitment of, and principal amount of and interest on the Loans and LC Disbursements owing to, each Lender or Issuing Bank pursuant to the terms hereof from time to time (the "**Register**"). Failure to make any such recordation, or any error in such recordation, shall not affect the applicable Borrowers' obligations in respect of such Loans and LC Disbursements. The entries in the Register shall be conclusive, absent manifest error, and the Borrowers, the Administrative Agent, the Collateral Agents, the Issuing Banks and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by each Borrower, each Issuing Bank, each Lender and each Collateral Agent, at any reasonable time and from time to time upon reasonable prior notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an Eligible Assignee, the Eligible Assignee's completed Administrative Questionnaire and any tax certification required by <u>paragraph (b)(ii)(D)(2)</u> of this Section, the processing and recordation fee referred to in <u>paragraph (b)</u> of this Section, if applicable, and any written consent to the relevant assignment required by <u>paragraph (b)</u> of this Section, the Administrative Agent shall promptly accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) Any Lender may, without the consent of the Parent Guarantor, the Administrative Agent, any Collateral Agent, any Issuing Bank or any other Lender, sell participations to any Eligible Assignee (other than to any Disqualified Institution or an Affiliate thereof referred to in the last proviso of <u>clause (b)(i)</u> of this Section and identified to the Administrative Agent as such) (a "**Participant**") in all or a portion of such Lender's rights and obligations under this Agreement (including all or a portion of its Commitments or Loans of any Class); <u>provided</u> that (A) such Lender's obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) the Parent Guarantor, the Borrowers, the Administrative Agent, the Collateral Agents, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender's rights and obligations under this Agreement. Any agreement or instrument pursuant to which any Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement or any other Loan Document; <u>provided</u> that such agreement or instrument may provide that such Lender will not, without the consent of the relevant Participant, agree to any amendment, modification or waiver described in (x) <u>clause (A)</u> of the first proviso to <u>Section 9.02(b)</u> that directly and adversely affects the Loans or Commitments in which such Participant has an interest and (y) <u>clauses (B)(1)</u>, <u>(2)</u> or <u>(3)</u> of the first proviso to <u>Section</u>

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 <u>9.02(b)</u>. Subject to <u>paragraph (c)(ii)</u> of this Section, the Borrowers agree that each Participant shall be entitled to the benefits of <u>Sections 2.15</u>, <u>2.16</u> and <u>2.17</u> (subject to the limitations and requirements of such Sections and Section 2.19) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to <u>paragraph (b)</u> of this Section (it being understood that the documentation required under <u>Section 2.17(f)</u> shall be delivered solely to the participating Lender). To the extent permitted by applicable law, each Participant also shall be entitled to the benefits of <u>Section 9.09</u> as though it were a Lender; <u>provided</u> that such Participant shall be subject to <u>Section 2.18(c)</u> as though it were a Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) No Participant shall be entitled to receive any greater payment under <u>Section 2.15</u>, <u>2.16</u> or <u>2.17</u> than the participating Lender would have been entitled to receive with respect to the participation sold to such Participant, except to the extent such entitlement to a greater payment results from any Change in Law occurring after the sale of the participation.

Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and their respective successors and assigns, and the principal amounts and stated interest of each Participant's interest in the Loans or other obligations under the Loan Documents (the "**Participant Register**"); <u>provided</u> that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to any Participant's interest in any Commitment, Loan, Letter of Credit or any other obligation under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 5f.103-1(c) of the Treasury Regulations and the Proposed Treasury Regulations Section 1.163-5(b). The entries in the Participant Register shall be conclusive absent manifest error, and each Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as an Administrative Agent) shall not have any responsibility for maintaining a Participant Register.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (other than to any Disqualified Institution, Defaulting Lender or any natural person) to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to any Federal Reserve Bank or other central bank having jurisdiction over such Lender, and this <u>Section 9.05</u> shall not apply to any such pledge or assignment of a security interest; <u>provided</u> that no such pledge or assignment of a security interest shall release any Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding anything to the contrary contained herein, any Lender (a "**Granting Lender**") may grant to a special purpose funding vehicle (an "**SPC**"), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Parent Guarantor, the option to provide to the applicable Borrowers all or any part of any Loan that such Granting Lender would otherwise be obligated to make to the applicable Borrowers pursuant to this Agreement; <u>provided</u> that (i) nothing herein shall constitute a commitment by any SPC to make any Loan, (ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof and (iii) in no event may any Lender grant any option to provide to the applicable Borrowers all or any part of any Loan that such Granting Lender would have otherwise been obligated to make to the applicable Borrowers pursuant to this Agreement to any Disqualified Institution or Defaulting Lender. The making of any Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that (i) an SPC shall be entitled to

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the benefits of <u>Sections 2.15</u>, <u>Section 2.16</u> and <u>Section 2.17</u> (subject to the limitations and requirements of such Sections and <u>Section 2.19</u>; it being understood that any documentation required to be provided by SPC under <u>Section 2.17(f)</u> shall be provided solely to the Granting Lender) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to <u>paragraph (b)</u> of this Section; (ii) neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrowers under this Agreement (including its obligations under <u>Section 2.15</u>, <u>2.16</u> or <u>2.17</u>) and no SPC shall be entitled to any greater amount under <u>Section 2.15</u>, <u>2.16</u> or <u>2.17</u> or any other provision of this Agreement or any other Loan Document that the Granting Lender would have been entitled to receive, except to the extent such entitlement to any greater amount results from any Change in Law occurring after the grant is made, (iii) no SPC shall be liable for any indemnity or similar payment obligation under this Agreement (all liability for which shall remain with the Granting Lender) and (iv) the Granting Lender shall for all purposes including approval of any amendment, waiver or other modification of any provision of the Loan Documents, remain the Lender of record hereunder. In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPC, it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under any Debtor Relief Law; <u>provided</u> that (i) such SPC's Granting Lender is in compliance in all material respects with its obligations to the Borrowers hereunder and (ii) each Lender designating any SPC hereby agrees to indemnify, save and hold harmless each other party hereto for any loss, cost, damage or expense arising out of its inability to institute such a proceeding against such SPC during such period of forbearance. In addition, notwithstanding anything to the contrary contained in this <u>Section 9.05</u>, any SPC may (i) with notice to, but without the prior written consent of, the Parent Guarantor or the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loan to the Granting Lender and (ii) disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To the extent any assignment is made by a Lender to any Disqualified Institution without the Parent Guarantor's consent, to the extent the Parent Guarantor's consent is required under this <u>Section</u> <u>8.05</u><u>**9.05**</u>, then such assignment shall not be null and void, but (x) such Disqualified Institution shall not be entitled to the benefit of any expense reimbursement or indemnification provisions of the Loan Documents (including without limitation <u>Section 8.03</u> hereof) and (y) the Parent Guarantor may, at its sole expense and effort, upon notice to such Disqualified Institution and the Administrative Agent, (A) terminate any Commitment of such Disqualified Institution and repay all obligations of the Borrowers owing to such Disqualified Institution, (B) in the case of any outstanding Term Loans held by such Disqualified Institution, purchase such Term Loans by paying the lesser of (x) the amount that such Disqualified Institution paid to acquire such Term Loans and (y) par, plus accrued interest thereon, but excluding any premium, penalty, prepayment fee or breakage costs and/or (C) require that such Disqualified Institution assign, without recourse (in accordance with and subject to the restrictions contained in this <u>Section</u> <u>8.05</u><u>**9.05**</u>), all of its interests, rights and obligations under this Agreement to one or more Eligible Assignees (and if such Person does not execute and deliver to the Administrative Agent a duly executed assignment agreement reflecting such assignment within five Business Days of the date on which such Eligible Assignee executes and delivers such assignment agreement to such Person, then such Person shall be deemed to have executed and delivered such assignment agreement without any action on its part); <u>provided</u> that in the case of <u>clause (C)</u>, the relevant assignment shall otherwise comply with this <u>Section</u>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>8.05</u><u>**9.05**</u> (except that no registration and processing fee required under this <u>Section</u> <u>8.05</u><u>**9.05**</u> shall be required with any assignment pursuant to this paragraph); <u>provided</u>, <u>further</u>, that in the case of the foregoing <u>clauses (A)-(C)</u>, the Borrowers shall not be liable to any Person for breakage costs. Further, any Disqualified Institution identified by the Parent Guarantor to the Administrative Agent, (A) shall not be permitted to (x) receive information or reporting provided by any Loan Party, the Administrative Agent or any Lender and/or (y) attend and/or participate in conference calls or meetings attended solely by the Lenders and the Administrative Agent and (B)(x) shall not for purposes of determining whether the Required Lenders, the Required RCF/TLA Lenders or the majority Lenders under any Class have (i) consented (or not consented) to any amendment, modification, waiver, consent or other action with respect to any of the terms of any Loan Document or any departure by any Loan Party therefrom, (ii) otherwise acted on any matter related to any Loan Document or (iii) directed or required any Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under any Loan Document, have a right to consent (or not consent), otherwise act or direct or require any Agent or any Lender to take (or refrain from taking) any such action; it being understood that all Loans held by any Disqualified Institution shall be deemed to be not outstanding for all purposes of calculating whether the Required Lenders, the Required RCF/TLA Lenders, majority Lenders under any Class or all Lenders have taken any action and (y) shall be deemed to vote in the same proportion as Lenders that are not Disqualified Institutions in any proceeding under any Debtor Relief Law commenced by or against the Borrower or any other Loan Party. The rights and remedies available to the Borrowers pursuant to the foregoing provisions of this <u>Section 9.05(f)</u> shall be in addition to injunctive relief (without posting a bond or presenting evidence of irreparable harm) or any other remedies available to the Borrowers at law or in equity; it being understood and agreed that the Parent Guarantor and its subsidiaries will suffer irreparable harm if any Lender breaches any obligation under this <u>Section</u> <u>8.05</u><u>**9.05**</u> as it relates to any assignment, participation or pledge of any Loan or Commitment to any Disqualified Institution or any Affiliate thereof or any other Person to whom the Parent Guarantor's consent is required but not obtained. Nothing in this <u>Section</u> <u>8.05</u><u>**9.05**</u><u>(f)</u> shall be deemed to prejudice any right or remedy that the Parent Guarantor or the Borrowers may otherwise have at law or equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If any assignment or participation under this <u>Section</u> <u>8.05</u><u>**9.05**</u> is made (1) to any Affiliate of any Disqualified Institution (other than any Bona Fide Debt Fund that is not itself a Disqualified Institution) or (2) to the extent the Parent Guarantor's consent is required under this <u>Section</u> <u>8.05</u><u>**9.05**</u> (and not deemed to have been given pursuant to <u>Section</u> <u>8.05</u><u>**9.05**</u><u>(b)(i)(A)</u>), to any other Person, in each case of <u>clauses (1)</u> and <u>(2)</u> without the Parent Guarantor's prior written consent (any such Person, a "**Disqualified Person**"), then any applicable Borrower may, at its sole expense and effort, upon notice to the applicable Disqualified Person and the Administrative Agent, (A) terminate any Commitment of such Disqualified Person and repay all obligations of the applicable Borrowers owing to such Disqualified Person, (B) in the case of any outstanding Term Loans held by such Disqualified Person, purchase such Term Loans by paying the lesser of (x) par and (y) the amount that such Disqualified Person paid to acquire such Term Loans, <u>plus</u> accrued interest thereon, accrued fees and all other amounts payable to it hereunder and/or (C) require such Disqualified Person to assign, without recourse (in accordance with and subject to the restrictions contained in this <u>Section</u> <u>8.05</u><u>**9.05**</u>), all of its interests, rights and obligations under this Agreement to one or more Eligible Assignees and if such Person does not execute and deliver to the Administrative Agent a duly executed Assignment and Assumption reflecting such assignment within five Business Days of the date on which the Eligible Assignee executes and delivers such Assignment and Assumption to such Person, then such person shall be deemed to have executed and delivered such Assignment and Assumption without any action on its part; <u>provided</u> that, in the case of <u>clause (C)</u>, the relevant assignment shall otherwise comply with this <u>Section</u> <u>8.05</u><u>**9.05**</u> (except that no registration and processing fee required under this <u>Section</u>

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<u>8</u><u>.05</u><u>**9.05**</u> shall be required with any assignment pursuant to this paragraph); <u>provided</u>, <u>further</u>, that in the case of the foregoing clauses (A)-(C), the Borrowers shall not be liable to any Person for breakage costs. Further, any Disqualified Person identified by the Parent Guarantor to the Administrative Agent (A) shall not be permitted to (x) receive information or reporting provided by any Loan Party, the Administrative Agent or any Lender and/or (y) attend and/or participate in conference calls or meetings attended solely by the Lenders and the Administrative Agent, (B) (x) shall not for purposes of determining whether the Required Lenders, the Required RCF/TLA Lenders or the majority Lenders under any Class have (i) consented (or not consented) to any amendment, modification, waiver, consent or other action with respect to any of the terms of any Loan Document or any departure by any Loan Party therefrom, (ii) otherwise acted on any matter related to any Loan Document or (iii) directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under any Loan Document, have a right to consent (or not consent), otherwise act or direct or require the Administrative Agent or any Lender to take (or refrain from taking) any such action; it being understood that all Loans held by any Disqualified Person shall be deemed to be not outstanding for all purposes of calculating whether the Required Lenders, the Required RCF/TLA Lenders, the majority Lenders under any Class or all Lenders have taken any action and (y) shall be deemed to vote in the same proportion as Lenders that are not Disqualified Persons in any proceeding under any Debtor Relief Law commenced by or against a Borrower or any other Loan Party and (C) shall not be entitled to receive the benefits of <u>Section 9.03</u> For the sake of clarity, the provisions in this <u>Section 9.05(f)</u> shall not apply to any Person that is an assignee of any Disqualified Person, if such assignee is not a Disqualified Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Upon the request of any Lender, the Administrative Agent may and the Parent Guarantor will make the list of Disqualified Institutions (other than any Disqualified Institution that is a reasonably identifiable Affiliate of another Disqualified Institution on the basis of such Person's name) available to such Lender and such Lender may provide the list to any potential assignee or participant for the purpose of verifying whether such Person is a Disqualified Institution, in each case so long as such Lender and such potential assignee or participant agree to keep the list of Disqualified Institutions confidential in accordance with the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Notwithstanding anything herein to the contrary, the Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions hereof relating to Disqualified Institutions or Net Short Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Notwithstanding anything to the contrary contained herein, any Lender may, at any time, assign all or a portion of its rights and obligations under this Agreement in respect of its Term Loans to the Parent Guarantor or any of its Restricted Subsidiaries on a non-pro rata basis (A) through an Auction open to all Lenders holding the Term Loans of the applicable Class on a pro rata basis or (B) through open market purchases (which purchases may be effected at any price as agreed between such Lender and the Parent Guarantor or such Restricted Subsidiary in their respective sole discretion), in each case with respect to <u>clauses (A)</u> and <u>(B)</u>, without the consent of the Administrative Agent; <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any Term Loans acquired by the Parent Guarantor or any of its Restricted Subsidiaries shall be retired and cancelled immediately upon the acquisition thereof; <u>provided</u> that upon any such retirement and cancellation, the aggregate outstanding principal amount of the Term Loans of the applicable Class shall be deemed reduced by the full par value of the aggregate principal amount of the Term Loans so retired and cancelled, and each principal repayment installment with respect to the Term Loans of the applicable Class pursuant to <u>Section 2.10(a)</u> shall be reduced on a pro rata basis by the full par value of the aggregate principal amount of Term Loans so cancelled; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in connection with any assignment effected pursuant to an Auction or open market purchase conducted by the Parent Guarantor or any of its Restricted Subsidiaries, (A) the relevant Person may not use the proceeds of any Revolving Loans to fund such assignment and (B) no Event of Default shall exist at the time of acceptance of bids for the Auction or the confirmation of such open market purchase, as applicable;

Neither the Parent Guarantor nor any Restricted Subsidiary shall be required to represent or warrant that it is not in possession of material non public information with respect to the Parent Guarantor and/or any subsidiary thereof and/or their respective securities in connection with any assignment permitted by this <u>Section 9.05(g)</u>.

Notwithstanding anything to the contrary herein, any allocation of rights or obligations under the Loan Documents that (i) is solely among the Parent Guarantor or any of its subsidiaries for tax, accounting or other bona fide business purposes (including through any contribution and/or co-borrower agreement) and (ii) does not change the underlying obligations of the Loan Parties under this Agreement or the other Loan Documents to the Agents, the Lenders or the Issuing Banks shall not constitute an assignment under this Agreement requiring the consent of the Administrative Agent or any Lender.

In the event of a transfer, assignment, novation or amendment of the rights and/or the obligations under this Agreement or any other Loan Document, all Liens, Loan Guarantees and privileges created under or in connection with the Loan Documents shall automatically and without any formality be preserved for the benefit of the Administrative Agent, the Collateral Agents, the Lenders (including any assignees) and the other Secured Parties for the purpose of the provisions of article 1278 Luxembourg Civil Code or any other purposes.

SECTION 9.06. <u>Survival</u>. All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loan and issuance of any Letter of Credit regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Collateral Agent or any Lender may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect until the Termination Date. The provisions of <u>Sections 2.13(g)</u>, <u>2.13(h)</u>, <u>2.15</u>, <u>2.16</u>, <u>2.17</u>, <u>9.03</u>, <u>9.04</u> and <u>9.13</u> (with respect to <u>Section 9.13,</u> only for a period of one year following such Termination Date) and <u>Article 8</u>, and any other provision of this Agreement or the other Loan Documents that expressly survive the termination of this Agreement, shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit or any Commitment, the occurrence of the Termination Date or the termination of this Agreement or any provision hereof but in each case, subject to the limitations set forth in this Agreement. Notwithstanding the foregoing or anything else to the contrary set forth in this Agreement, from and after the Termination Date, each Letter of Credit (or, with respect to any Letter of Credit, from and after such other time prior to the Termination Date as may be agreed in writing by the applicable Issuing Bank, such Letter of Credit) shall cease to be a "Letter of Credit" outstanding hereunder for all purposes of this Agreement and the other Loan Documents, and the Revolving Lenders shall be deemed to have no participations in such Letter of Credit, and no obligations with respect thereto, under <u>Section 2.05(d)</u> or <u>2.05(e)</u>.

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SECTION 9.07. <u>Counterparts; Integration; Effectiveness; Electronic Execution</u>. (a) This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents, the Fee Letter, the Foreign Collateral Agent Fee Letter and any separate letter agreements with respect to fees payable to the Administrative Agent or any Collateral Agent constitute the entire agreement among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. This Agreement shall become effective upon satisfaction of the conditions set forth in <u>Section 4.01</u>, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Delivery of an executed counterpart of a signature page of (x) this Agreement, (y) any other Loan Document and/or (z) any document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant to <u>Section 9.01</u>), certificate, request, statement, disclosure or authorization related to this Agreement, any other Loan Document and/or the transactions contemplated hereby and/or thereby (each, an "**Ancillary Document**") that is an Electronic Signature transmitted by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement, such other Loan Document or such Ancillary Document, as applicable. The words "execution", "signed", "signature", "delivery" and words of like import in or relating to this Agreement, any other Loan Document and/or any Ancillary Document shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be; <u>provided</u> that nothing herein shall require the Administrative Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved by it; <u>provided</u> <u>further</u>, that, without limiting the foregoing, (A) to the extent the Administrative Agent has agreed to accept any Electronic Signature, the Administrative Agent, the Collateral Agents, the Lenders and the Issuing Banks shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of any Loan Party without further verification thereof and without any obligation to review the appearance or form of any such Electronic Signature and (B) upon the request of the Administrative Agent, any Lender or any Issuing Bank, any Electronic Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, each Loan Party hereby (1) agrees that, for all purposes, including, without limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Collateral Agents, the Lenders, the Issuing Banks and the Loan Parties, Electronic Signatures transmitted by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic images of this Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any paper original, (2) agrees that each of the Administrative Agent, the Collateral Agents, the Lenders and the Issuing Banks may, at its option, create one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in any format, which shall be deemed created in the ordinary course of such Person's business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record), (3) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document and/or any Ancillary Document based solely on the lack of paper original copies of this Agreement, such other Loan Document and/or such Ancillary Document, respectively, including with respect to any signature pages thereto, and (4) waives any claim against the Administrative Agent, the Collateral Agents, the Lenders, the Issuing Banks and their Related Parties for any Liabilities arising solely from the Administrative Agent's, any Collateral Agent's, any Lender's

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and/or any Issuing Bank's reliance on or use of Electronic Signatures and/or transmissions by emailed.pdf or any other electronic means that reproduces an image of an actual executed signature page, including any Liabilities arising as a result of the failure of any Loan Party to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature, in each case, except, in the case of any such Person, to the extent resulting from such Person's or its Related Parties' bad faith (other than with respect to any Agent or its Related Parties, in each case acting in their respective capacities as such), gross negligence or willful misconduct, as determined by a court of competent jurisdiction by final and non-appealable judgment.

SECTION 9.08. <u>Severability</u>. To the extent permitted by applicable law, any provision of any Loan Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

SECTION 9.09. <u>Right of Setoff</u>. At any time when an Event of Default exists, each Lender, each Issuing Bank and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations (in any currency) at any time owing by such Lender, Issuing Bank or Affiliate to or for the credit or the account of the Borrowers or any other Loan Party against any of and all the Obligations of such Borrower or other Loan Party, irrespective of whether or not such Lender or such Issuing Bank shall have made any demand under the Loan Documents and although such obligations may be contingent or unmatured or are owed to a branch or office of such Lender or Issuing Bank different than the branch or office holding such deposit or obligation on such Indebtedness. Any applicable Lender or Issuing Bank shall promptly notify the Parent Guarantor and the Administrative Agent of such set-off or application; <u>provided</u> that any failure to give or any delay in giving such notice shall not affect the validity of any such set-off or application under this Section. The rights of each Lender, each Issuing Bank and their Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender, such Issuing Bank or such Affiliate may have.

SECTION 9.10. <u>Governing Law; Jurisdiction; Consent to Service of Process</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN ANY OTHER LOAN DOCUMENT) AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN ANY OTHER LOAN DOCUMENT), WHETHER IN TORT, CONTRACT (AT LAW OR IN EQUITY) OR OTHERWISE, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE JURISDICTION OF ANY U.S. FEDERAL OR NEW YORK STATE COURT, IN EACH CASE, SITTING IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK (OR ANY APPELLATE COURT THEREFROM) OVER ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENT AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING SHALL (EXCEPT AS PERMITTED BELOW OR, AS TO ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY FOREIGN COLLATERAL DOCUMENT, EXCEPT AS EXPRESSLY PROVIDED IN SUCH FOREIGN COLLATERAL

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DOCUMENT) BE HEARD AND DETERMINED EXCLUSIVELY IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY APPLICABLE LAW, FEDERAL COURT. EACH PARTY HERETO AGREES THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENT BY REGISTERED MAIL ADDRESSED TO SUCH PERSON SHALL BE EFFECTIVE SERVICE OF PROCESS AGAINST SUCH PERSON FOR ANY SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT. EACH PARTY HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY APPLICABLE LAW. EACH PARTY HERETO AGREES THAT EACH OF THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENTS RETAINS THE RIGHT TO BRING PROCEEDINGS AGAINST ANY LOAN PARTY IN THE COURTS OF ANY OTHER JURISDICTION SOLELY IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER ANY COLLATERAL DOCUMENT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY AND EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING, WHETHER IN TORT, CONTRACT (AT LAW OR IN EQUITY) OR OTHERWISE ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN <u>PARAGRAPH (b)</u> OF THIS SECTION. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY CLAIM OR DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION, SUIT OR PROCEEDING IN ANY SUCH COURT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON IT AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE BY REGISTERED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL) DIRECTED TO IT AT ITS ADDRESS FOR NOTICES AS PROVIDED FOR IN <u>SECTION 9.01</u>. EACH PARTY HERETO HEREBY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER OR UNDER ANY LOAN DOCUMENT THAT SERVICE OF PROCESS WAS INVALID AND INEFFECTIVE. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. EACH FOREIGN LOAN PARTY APPOINTS THE ADMINISTRATIVE BORROWER AS ITS AGENT FOR SERVICE OF PROCESS IN ANY MATTER RELATED TO THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS, AND THE ADMINISTRATIVE BORROWER HEREBY ACCEPTS SUCH APPOINTMENT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) IN THE EVENT ANY FOREIGN LOAN PARTY OR ANY OF ITS ASSETS HAS OR HEREAFTER ACQUIRES, IN ANY JURISDICTION IN WHICH JUDICIAL PROCEEDINGS MAY AT ANY TIME BE COMMENCED WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, ANY IMMUNITY FROM JURISDICTION, LEGAL PROCEEDINGS, ATTACHMENT (WHETHER BEFORE OR AFTER JUDGMENT), EXECUTION, JUDGMENT OR SETOFF, SUCH FOREIGN LOAN PARTY HEREBY IRREVOCABLY AGREES NOT TO CLAIM AND HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES SUCH IMMUNITY.

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SECTION 9.11. <u>Waiver of Jury Trial</u>. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY SUIT, ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY WHETHER AT LAW OR IN EQUITY) DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY HERETO (a) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (b) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

SECTION 9.12. <u>Headings</u>. Article and Section headings and the **Table of Contents** used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

SECTION 9.13. <u>Confidentiality</u>.

Each of the Administrative Agent, the Domestic Collateral Agent, the Foreign Collateral Agent, each Lender, each Issuing Bank and each Arranger agrees (and each Lender agrees to cause its SPC, if any) to maintain the confidentiality of the Confidential Information (as defined below), except that Confidential Information may be disclosed (i) to its and its Affiliates' directors, officers, managers, employees, independent auditors, or other experts and advisors, including accountants, legal counsel and other advisors (collectively, the "**Representatives**") on a confidential "need to know" basis solely in connection with the transactions contemplated hereby and who are informed of the confidential nature of the Confidential Information and are or have been advised of their obligation to keep the Confidential Information of this type confidential; <u>provided</u> that such Person shall be responsible for its Affiliates' and their Representatives' compliance with this paragraph; <u>provided</u>, <u>further</u>, that unless the Parent Guarantor otherwise consents, no such disclosure shall be made by the Administrative Agent, any Issuing Bank, any Arranger, any Lender or any Affiliate or Representative thereof to any Affiliate or Representative of the Administrative Agent, any Issuing Bank, any Arranger, or any Lender that is a Disqualified Institution, (ii) upon the demand or request of any regulatory or governmental authority having jurisdiction over such Person or its Affiliates (in which case such Person shall, except with respect to any audit or examination conducted by bank accountants or any Governmental Authority or regulatory authority exercising examination or regulatory authority, to the extent permitted by applicable law, (A) inform the Parent Guarantor promptly in advance thereof and (B) ensure that any information so disclosed is accorded confidential treatment), (iii) to the extent compelled by legal process in, or reasonably necessary to, the defense of such legal, judicial or administrative proceeding, in any legal, judicial or administrative proceeding or otherwise as required by applicable law (in which case such Person shall (A) to the extent permitted by law, inform the Parent Guarantor promptly in advance thereof, (A) ensure that any such information so disclosed is accorded confidential treatment and (**C<u>B</u>**) allow the Borrowers a reasonable opportunity to object to such disclosure in such proceeding), (iv) to any other party to this Agreement, (v) subject to an acknowledgment and agreement by the relevant recipient that the Confidential Information is being disseminated on a confidential basis (on substantially the terms set forth in this paragraph or as otherwise reasonably acceptable to the Parent Guarantor and the Administrative Agent) in accordance with the standard syndication process of the Arrangers or market standards for dissemination of the relevant type of information, which shall in any event require "click through" or other affirmative action on the part of the recipient to access the Confidential Information and acknowledge its confidentiality obligations in respect thereof, to (A) any Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or prospective Participant in, any of its rights or obligations under this Agreement, including any SPC (in each case other than a Disqualified Institution), (B) any pledgee referred to in <u>Section 9.05</u> and (C) any actual or prospective direct or indirect provider of credit insurance or other

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credit protection direct or indirect contractual counterparty (or its advisors, but not any Disqualified Institution) to any Derivative Transaction (including any credit default swap) or similar derivative product to which any Loan Party is a party or in connection with transactions under which payments are to be made by reference to any Borrower and its obligations, this Agreement or payments hereunder, (vi) with the prior written consent of the Parent Guarantor and (vii) to the extent the Confidential Information becomes publicly available other than as a result of a breach of this Section by such Person, its Affiliates or their respective Representatives. In addition, the Administrative Agent, any Collateral Agent or any Lender may disclose the existence of this Agreement and publicly available information about this Agreement to market data collectors and similar service providers to the lending industry (including to the CUSIP Service Bureau in connection with the issuance and monitoring of CUSIP numbers with respect to the facilities). For purposes of this Section, "**Confidential Information**" means all information relating to the Parent Guarantor and/or any of its subsidiaries and their respective businesses, the Transactions (including any information obtained by the Administrative Agent, the Domestic Collateral Agent, the Foreign Collateral Agent, any Issuing Bank, any Lender or any Arranger, or any of their respective Affiliates or Representatives, based on a review of any books and records relating to the Parent Guarantor and/or any of its subsidiaries and their respective Affiliates from time to time, including prior to the date hereof) other than any such information that is publicly available to the Administrative Agent, any Collateral Agent, any Arranger, any Issuing Bank or any Lender on a non-confidential basis prior to disclosure by the Parent Guarantor or any of its subsidiaries. For the avoidance of doubt, in no event shall any disclosure of any Confidential Information be made to a Person that is a Disqualified Institution at the time of disclosure. The respective obligations of each Term Lender (other than any Regulated Bank or any Person that was a Term Lender as a result of its market-making activities) under this Section shall survive, to the extent applicable to such Person, (x) the occurrence of the Termination Date, (y) any assignment of its rights and obligations under this Agreement and (z) the resignation or removal of the Administrative Agent, any Issuing Bank or any Lender. The respective obligations of the Administrative Agent, each Revolving Lender and each Issuing Bank under this Section shall survive until two years after the earlier of, to the extent applicable to such Person, (x) the occurrence of the Termination Date, (y) any assignment of its rights and obligations under this Agreement and (z) the resignation or removal of the Administrative Agent, any Issuing Bank or any Revolving Lender. For the avoidance of doubt, nothing in this <u>Section 9.13(a)</u> shall prohibit any Person from voluntarily disclosing or providing any Confidential Information within the scope of this confidentiality provision to any governmental, regulatory or self-regulatory organization (any such entity, a "**Regulatory Authority**") to the extent that any such prohibition on disclosure set forth in this <u>Section 9.13(a)</u> shall be prohibited by the laws or regulations applicable to such Regulatory Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) EACH LENDER ACKNOWLEDGES THAT INFORMATION FURNISHED TO IT PURSUANT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY INCLUDE MNPI, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MNPI AND THAT IT WILL HANDLE SUCH MNPI IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY OR ON BEHALF OF ANY LOAN PARTY OR ANY AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MNPI. ACCORDINGLY, EACH LENDER REPRESENTS TO THE PARENT GUARANTOR, THE BORROWERS, THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENTS THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MNPI IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW.

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SECTION 9.14. <u>No Fiduciary Duty</u>. Each of the Administrative Agent, the Collateral Agents, the Arrangers, each Lender, each Issuing Bank and their respective Affiliates (collectively, solely for purposes of this paragraph, the "**Lenders**"), may have economic interests that conflict with those of the Loan Parties, their stockholders and/or their respective Affiliates. Each Loan Party agrees that nothing in the Loan Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and such Loan Party, its stockholders or its Affiliates, on the other. Each Loan Party acknowledges and agrees that: (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder) are arm's-length commercial transactions between the Lenders, on the one hand, and the Loan Parties, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender, in its capacity as such, has assumed an advisory or fiduciary responsibility in favor of any Loan Party, its stockholders or its Affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise any Loan Party, its stockholders or its Affiliates on other matters) or any other obligation to any Loan Party except the obligations expressly set forth in the Loan Documents and (y) each Lender, in its capacity as such, is acting solely as principal and not as the agent or fiduciary of such Loan Party, its management, stockholders, creditors or any other Person. Each Loan Party acknowledges and agrees that such Loan Party has consulted its own legal, tax and financial advisors to the extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto.

SECTION 9.15. <u>Several Obligations</u>. The respective obligations of the Lenders and the Issuing Banks hereunder are several and not joint and the failure of any Lender or any Issuing Bank to make any Loan, issue any Letter of Credit or perform any of its obligations hereunder shall not relieve any other Lender or any other Issuing Bank from any of its obligations hereunder.

SECTION 9.16. <u>USA PATRIOT Act</u>. Each Lender that is subject to the requirements of the USA PATRIOT Act hereby notifies the Loan Parties that, pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name, address and tax identification number of such Loan Party and other information that will allow such Lender to identify such Loan Party in accordance with the USA PATRIOT Act.

SECTION 9.17. <u>Disclosure</u>. Each Loan Party, each Issuing Bank and each Lender hereby acknowledges and agrees that the Administrative Agent, the Collateral Agents and/or their respective Affiliates from time to time may hold investments in, make other loans to or have other relationships with, any of the Loan Parties and their respective Affiliates.

SECTION 9.18. <u>Appointment for Perfection</u>. Each Lender and Issuing Bank hereby appoints each other Lender and Issuing Bank as its agent for the purpose of perfecting Liens for the benefit of any Collateral Agent, the Administrative Agent, the Issuing Banks and the Lenders, in assets which, in accordance with Article 10 of the UCC or any other applicable law, can be perfected only by possession. If any Lender or Issuing Bank (any Collateral Agent) obtains possession of any Collateral, such Lender or such Issuing Bank shall notify the applicable Administrative Agent thereof and, promptly upon the Administrative Agent's request therefor, shall deliver such Collateral to the applicable Collateral Agent or otherwise deal with such Collateral in accordance with the applicable Administrative Agent's instructions.

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SECTION 9.19. <u>Interest Rate Limitation</u>. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan or Letter of Credit, together with all fees, charges and other amounts which are treated as interest on such Loan or Letter of Credit under applicable law (collectively, the "**Applicable Charges**"), shall exceed the maximum lawful rate (the "**Maximum Rate**") which may be contracted for, charged, taken, received or reserved by the Lender or Issuing Bank holding such Loan or Letter of Credit in accordance with applicable law, the rate of interest payable in respect of such Loan or Letter of Credit hereunder, together with all Applicable Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Applicable Charges that would have been payable in respect of such Loan or Letter of Credit but were not payable as a result of the operation of this Section shall be cumulated and the interest and Applicable Charges payable to such Lender or Issuing Bank in respect of other Loans or Letters of Credit or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the applicable Overnight Rate to the date of repayment, shall have been received by such Lender or Issuing Bank.

SECTION 9.20. <u>Judgment Currency</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If, for the purpose of obtaining or enforcing judgment against any Loan Party in any court in any jurisdiction, it becomes necessary to convert into any other currency (such other currency being hereinafter in this <u>Section 9.20</u> referred to as the "**Judgment Currency**") an amount due under any Loan Document in any currency (the "**Obligation Currency**") other than the Judgment Currency, the conversion shall be made at the rate of exchange prevailing on the Business Day immediately preceding the date of actual payment of the amount due, in the case of any proceeding in the courts of any jurisdiction that will give effect to such conversion being made on such date, or the date on which the judgment is given, in the case of any proceeding in the courts of any other jurisdiction (the applicable date as of which such conversion is made pursuant to this <u>Section 9.20</u> being hereinafter in this <u>Section</u> <u>9.20</u> referred to as the "**Judgment Conversion Date**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If, in the case of any proceeding in the court of any jurisdiction referred to in <u>Section 9.20(a)</u>, there is a change in the rate of exchange prevailing between the Judgment Conversion Date and the date of actual receipt for value of the amount due, then the applicable Loan Party or Loan Parties shall pay such additional amount (if any, but in any event not a lesser amount) as may be necessary to ensure that the amount actually received in the Judgment Currency, when converted at the rate of exchange prevailing on the date of payment, will provide the amount of the Obligation Currency which could have been purchased with the amount of the Judgment Currency stipulated in the judgment or judicial order at the rate of exchange prevailing on the Judgment Conversion Date. Any amount due from any Loan Party under this <u>Section 9.20(b)</u> shall be due as a separate debt and shall not be affected by judgment being obtained for any other amounts due under or in respect of any of the Loan Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The term "rate of exchange" in this <u>Section 9.20</u> means the rate of exchange at which Administrative Agent, on the relevant date at or about 12:00 noon, New York time, would be prepared to sell, in accordance with Administrative Agent's normal course foreign currency exchange practices, the Obligation Currency against the Judgment Currency.

SECTION 9.21. <u>Conflicts</u>. Notwithstanding anything to the contrary contained herein or in any other Loan Document, in the event of any conflict or inconsistency between this Agreement and any other Loan Document, the terms of this Agreement shall govern and control.

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SECTION 9.22. <u>Release of Subsidiary Guarantors</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notwithstanding anything in <u>Section 9.02(b)</u> to the contrary, (x) any Subsidiary Guarantor (other than a Borrower) shall automatically be released from its obligations hereunder and under the other Loan Documents (and its Loan Guarantee and any Liens on its property securing any of the Obligations shall be automatically released) (i)<u>**after the later of the Availability Date or the Spin-Off Effective Date,**</u> upon the consummation of any permitted transaction or series of related transactions or the occurrence of any other permitted event or circumstance if as a result thereof such Subsidiary Guarantor ceases to be a Restricted Subsidiary (including by merger, amalgamation or dissolution) or (ii) upon the occurrence of the Termination Date and/or (y) <u>**after the later of the Availability Date or the Spin-Off Effective Date,**</u> any Subsidiary Guarantor that qualifies as an "Excluded Subsidiary" shall be released from its obligations hereunder and under the other Loan Documents (and its Loan Guarantee and any Liens on its property securing any of the Obligations shall be automatically released) promptly following the notice thereof by the Parent Guarantor to the Administrative Agent; <u>provided</u>, that a release under this <u>clause (y)</u> if such Subsidiary Guarantor becomes an Excluded Subsidiary of the type described in <u>clause (a)</u> of the definition thereof shall only be permitted if (A) such Subsidiary Guarantor becomes a non-Wholly-Owned Subsidiary pursuant to an arm's length transaction with a third party that is not an Affiliate of the Parent Guarantor for a bona fide business purpose and for reasons other than evading the Collateral and Guarantee Requirement and (B) after giving Pro Forma Effect<u>**pro forma effect**</u> to such release and the consummation of the relevant transaction, the Parent Guarantor is deemed to have made a new Investment in such Subsidiary Guarantor that becomes a non-Wholly-Owned Subsidiary (as if such Person were then newly acquired) and such new Investment is permitted under <u>Section 6.05</u>. Without limiting the foregoing, in the event that Permitted Receivables Facility Assets become subject to a Permitted Receivables Facility, whether by transfer or conveyance or by placing a security interest, trust or other encumbrance required by a Permitted Receivables Facility with respect to such Permitted Receivables Facility Assets, the Liens created under the Loan Documents on such Permitted Receivables Facility Assets (including proceeds thereof and any deposit accounts holding exclusively such proceeds) shall be automatically released (or such Permitted Receivables Facility Assets, proceeds or deposit accounts re-assigned). Each Secured Party hereby consents to any release or re-assignment contemplated by this <u>Section 9.22</u> and any actions that any Agent may take or request to give effect to such release or re-assignment under the governing law of such Lien.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In connection with any such release, the Administrative Agent shall, subject to receipt of an officer's certificate from the Parent Guarantor certifying that such transaction and release are permitted hereunder, promptly execute and deliver to the relevant Loan Party, at such Loan Party's expense, all documents that such Loan Party shall reasonably request to evidence termination or release. Any execution and delivery of any document pursuant to the preceding sentence of this <u>Section 9.22</u> shall be without recourse to or warranty by the Administrative Agent.

SECTION 9.23. <u>Acknowledgement and Consent to Bail-In of Affected Financial Institutions</u>. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and each party hereto agrees and consents to, and acknowledges and agrees to be bound by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the effects of any Bail-In Action on any such liability, including, if applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a reduction in full or in part or cancellation of any such liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.

SECTION 9.24. <u>Acknowledgement Regarding Any Supported QFCs</u>. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Hedge Agreements or any other agreement or instrument that is a QFC (such support, "**QFC Credit Support**" and each such QFC a "**Supported QFC**"), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the "**U.S. Special Resolution Regimes**") in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in the event a Covered Entity that is party to a Supported QFC (each, a "**Covered Party**") becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As used in this <u>Section 9.24</u>, the following terms have the following meanings:

"**BHC Act Affiliate**" of a party means an "affiliate" (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.

"**Covered Entity**" means any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a "covered entity" as that term is defined in, and interpreted in accordance with, 12 C.F.R. §252.82(b);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a "covered bank" as that term is defined in, and interpreted in accordance with, 12 C.F.R. §47.3(b); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a "covered FSI" as that term is defined in, and interpreted in accordance with, 12 C.F.R. §382.2(b).

"**Default Right**" has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

"**QFC**" has the meaning assigned to the term "qualified financial contract" in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

SECTION 9.25. <u>Fall-Away Event</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If on any date following the <u>**later of the**</u> Availability <u>**Date and the Spin-Off Effective**</u> Date, the rating for the Parent Guarantor's senior unsecured, non-credit enhanced long-term indebtedness for borrowed money (or, if no such indebtedness is outstanding, the Parent Guarantor's corporate credit rating) is BBB-, Baa3 and/or BBB- (or higher) from at least two of S&P, Moody's and Fitch, respectively, in each case, with a stable outlook (the "**Ratings Condition**"), then, upon the satisfaction of each of the Suspension Conditions set forth in <u>paragraph (b)</u> below, and subject to the reinstatement provisions set forth in <u>paragraph (c)</u> below, from and after the Suspension Date until the occurrence of a Reinstatement Date (such period, the "**Investment Grade Period**"), (i) the Parent Guarantor and its Restricted Subsidiaries shall not be subject to <u>Sections 5.11</u>, <u>5.12</u>, <u>6.04</u>, <u>6.05</u> and <u>6.06</u> (other than, in the case of <u>Section 6.06</u>, (i) any limitation set forth therein on merger, consolidation or amalgamation, liquidation, winding-up, strike-off or dissolution of the Parent Guarantor or any Borrower and (ii) any limitation on a Disposition of all or substantially all of the assets of the Parent Guarantor and its Restricted Subsidiaries, taken as a whole, each of which shall continue in full force and effect), and the Parent Guarantor and its Subsidiaries shall not have the benefit of <u>Section 5.10</u> (and no Subsidiary shall be deemed to be an Unrestricted Subsidiary), and such provisions will have no further force and effect and any obligations under any other provisions of the Loan Documents with respect to maintaining a valid and perfected Lien on the Collateral (including the Collateral and Guarantee Requirement) and the Loan Guarantees (other than with respect to the Parent Guarantor) shall be of no further force and effect, including any representations and warranties and Events of Default related thereto and (ii) the Administrative Agent and the Collateral Agents are hereby authorized to release the Loan Guarantee (other than with respect to the Parent Guarantor) and the security interest in the Collateral created under the Collateral Documents, and to deliver all documents to effect such release in accordance with <u>Section 9.22</u> (any such release to be without recourse to, or representation or warranty by, any Agent or any other Secured Party).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The commencement of an Investment Grade Period shall be subject to the satisfaction of the following conditions precedent (together with the Ratings Condition, the "**Suspension Conditions**", and the date on which all such conditions are satisfied, the "**Suspension Date**"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Parent Guarantor shall have given notice to the Administrative Agent at least 10 days prior to the proposed Suspension Date, specifying the proposed Suspension Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Ratings Condition shall be satisfied as of the date of such notice and shall remain satisfied as of the Suspension Date;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) no Default or Event of Default shall have occurred and be continuing as of the date of such notice or as of the Suspension Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) all Liens on the Collateral securing any Incremental Equivalent Debt or any Refinancing Indebtedness in respect of any Indebtedness under this Agreement or any Incremental Equivalent Debt, and all Guarantees of any Guarantor (other than the Parent Guarantor) in respect of any of the foregoing, in each case shall have been, or substantially concurrently with the release under the Loan Documents contemplated by this <u>Section</u> <u>9.26</u><u>**9.25**</u> shall be, released; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) on the Suspension Date, the Agents shall have received (A) a certificate, dated the Suspension Date and executed by a Responsible Officer of the Parent Guarantor, confirming the satisfaction of the Suspension Conditions set forth in <u>clauses</u> <u>(ii)</u>, <u>(iii)</u> and <u>(iv)</u> above and (B) such other evidence as the Administrative Agent may reasonably require confirming the satisfaction of the condition under <u>clause (iv)</u> above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If, on any date following the occurrence of the Suspension Date, the Ratings Condition is at any time no longer satisfied (such date, the "**Reinstatement Date**"), then the Investment Grade Suspension<u>**Period**</u> shall be of no further effect and (i) the provisions of this Agreement and the Loan Documents that were not in effect following the Suspension Date shall be reinstated and shall be in full force and effect and all Guarantees and all security interests in the Collateral released pursuant to this <u>Section</u> <u>9.26</u><u>**9.25**</u> shall be automatically reinstated and (ii) the Parent Guarantor shall promptly (and in any event within 120 days (or such longer period as the Administrative Agent may agree in its sole discretion)) take, and cause the other Loan Parties to take, all such actions as shall be necessary or as the Administrative Agent shall reasonably request to cause the Collateral and Guarantee Requirement to be satisfied and the Parent Guarantor and the other Loan Parties shall execute and deliver the Guarantee Agreement and all Collateral Documents as are necessary to cause the Collateral and Guarantee Requirement to be so satisfied (in each case, subject to and in accordance with the terms of the Agreed Security Principles), and in connection therewith, shall deliver such legal opinions, authorizations, certificates and other documents, and satisfy such other requirements, as were required in connection with the Loan Guarantee and security interests created under the Loan Documents, in each case as may be reasonably requested by the Administrative Agent. The Agents are hereby authorized to enter into any Loan Documents in connection with the occurrence of a Reinstatement Date. No Default or Event of Default shall be deemed to have occurred on the Reinstatement Date as a result of any actions taken by the Parent Guarantor or any of its Restricted Subsidiaries during the Investment Grade Period, or any actions taken at any time pursuant to any contractual obligations arising during the Investment Grade Period (provided that such contractual obligations were not entered into in contemplation of, or with awareness of, the cessation or expected cessation of an Investment Grade Period), in each case that were permitted under the Loan Documents as in effect at the time such actions were taken or such contractual obligations arose, regardless of whether such actions would have been permitted in the absence of the Investment Grade Suspension<u>**Period**</u> .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Without limiting the provisions of <u>Section 9.03</u>, the Parent Guarantor and the Borrowers shall reimburse the Agents for all costs and expenses, including attorneys' fees and disbursements, incurred in connection with the actions contemplated by this <u>Section</u> <u>9.26</u><u>**9.25**</u>.

[*Signature Pages Follow*<u>***Intentionally Omitted***</u>]

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

---

| | |
|:---|:---|
| CYPRIUM HOLDINGS LIMITED, as the Parent Guarantor | CYPRIUM HOLDINGS LIMITED, as the Parent Guarantor |
| By: |  |
|  | Name: |
|  | Title: |
| CYPRIUM CORPORATION, as a Borrower | CYPRIUM CORPORATION, as a Borrower |
| By: |  |
|  | Name: |
|  | Title: |
| CYPRIUM HOLDINGS LUXEMBOURG S.À R.L., as a Borrower | CYPRIUM HOLDINGS LUXEMBOURG S.À R.L., as a Borrower |
| By: |  |
|  | Name: |
|  | Title: |

---

[Signature page to Cyprium Holdings Limited Credit Agreement]

------

---

| | |
|:---|:---|
| JPMORGAN CHASE BANK, N.A., as the Administrative Agent, the Domestic Collateral Agent, an Issuing Bank and a Lender | JPMORGAN CHASE BANK, N.A., as the Administrative Agent, the Domestic Collateral Agent, an Issuing Bank and a Lender |
| By: |  |
|  | Name: |
|  | Title: |

---

[Signature page to Cyprium Holdings Limited Credit Agreement]

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g52176dsp0035.jpg) <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Page 1 /4, April 1, 2026<br>

**Versigent Launches as New Publicly Traded Company** 

**Company Positioned for Success and Value Creation as Leading Global Provider of Signal, Data & Power Distribution Systems** 

**•** **Versigent to Begin Trading on the New York Stock Exchange (NYSE) as "VGNT" Effective Today** 

**•** **Executive Team to Ring NYSE Opening Bell April 1, 2026** 

**SCHAFFHAUSEN, Switzerland – Versigent PLC (NYSE: VGNT) today announced the completion of its separation from Aptiv PLC (NYSE: APTV) and its launch as an independent, publicly traded company. Versigent's shares will begin trading on the New York Stock Exchange (NYSE) under the ticker symbol "VGNT" today where members of the Company's leadership team are scheduled to ring the Opening Bell.** 

Versigent is a global leader in the design, manufacturing, and delivery of low- and high-voltage power electrical architectures. With engineering centers on four continents and manufacturing operations in more than 25 countries, Versigent combines global scale with regional responsiveness to serve customers across growing end markets.

"Today marks an important milestone as Versigent begins its next chapter as an independent company built on a century of leadership in advanced power distribution solution systems," said Joseph Liotine, Chief Executive Officer of Versigent. "As demand grows for greater capability with less complexity, our unmatched combination of engineering expertise, advanced manufacturing excellence, and global scale gives us a distinct advantage. Versigent is purpose-built to amplify our customers' urgent needs to power smarter, faster, and safer features without compromise."

Versigent launches with approximately $8.8 billion of revenue, $528 million of net income and $893 million of adjusted EBITDA in 2025, supported by industry-leading design and engineering capabilities, advanced manufacturing expertise, and a broad global production footprint.

Versigent enters the public markets with a cash generative business model and a strong balance sheet that supports disciplined reinvestment and shareholder returns. As an independent company, Versigent will continue to prioritize operational excellence, distinctive innovation and disciplined capital allocation aligned with long-term value creation.

"Versigent is well positioned to unlock greater value as we enter the public markets," said Doug Ostermann, Chief Financial Officer of Versigent. "We launch with clear priorities and a strong financial profile, including top-line revenue growth of more than three percent and industry-leading double-digit EBITDA margins that we expect to expand by more than 200 basis points over the next three years. Our business is globally scaled, highly engineered and consistently cash-generative, with a path to $1 billion in free cash flow by 2028. Through a balanced and disciplined capital allocation strategy, we are investing thoughtfully in the business while prioritizing attractive returns for shareholders."

<u>Versigent.com/newsroom</u>

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![LOGO](g52176dsp0035.jpg) <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Page 2 /4, April 1, 2026<br>

The separation as an independent, publicly traded company was completed through the distribution, effective April 1, 2026 at 12:01 a.m., Eastern Standard Time, of all the issued and outstanding ordinary shares of Versigent to Aptiv shareholders of record as of the close of business on March 17, 2026, the record date for the distribution. Aptiv shareholders received one ordinary share of Versigent for every three shares of Aptiv common stock held. Aptiv shareholders of record will also receive cash in lieu of any fractional shares to which they would otherwise be entitled. The transaction was completed as a tax-free spin-off for both Swiss and U.S. federal income tax purposes.

Versigent will announce first quarter business results on May 5, 2026 with a conference call occurring at 4:15 p.m. ET., which can be accessed by visiting <u>www.ir.versigent.com</u>.

Versigent operated as part of Aptiv prior to the separation on April 1st 2026. The historical financial measures presented in this release were derived from Aptiv's accounting records and are presented on a carve-out basis.

**About Versigent** 

Versigent is a global leader in the purposeful design and advanced manufacturing of low and high voltage electrical architectures. Building on a legacy of engineering excellence and trusted partnerships, Versigent delivers versatile, intelligent solutions engineered to unlock greater capabilities for our customers. Powering one in six passenger vehicles in production today, Versigent's high performance signal, power, and data distribution systems are trusted by industry leaders across automotive, commercial vehicles, agriculture and energy storage. With engineering and manufacturing centers on four continents and operations in more than 25 countries, Versigent's 138,000 employees match global scale with regional responsiveness to deliver consistent quality and reliable performance connecting the world to faster, smarter and safer experiences. Visit <u>www.versigent.com</u>.

**Press contact:** 

Annalisa Esposito Bluhm, Vice President Corporate Communications and Marketing, Phone: +1.248.817.7990, email: <u>mediarelations@versigent.com</u>

**Investor Relations:** 

email: <u>ir@versigent.com</u>

**Forward-Looking Statements** 

This press release contains forward-looking statements that reflect, when made, Versigent's current views with respect to current events, business plans and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to Versigent's operations and business environment, which may cause the actual results of Versigent to be materially different from any future results, express or implied, by such forward-looking statements. All statements that address future operating, financial or business performance or Versigent's strategies or expectations are forward-looking

<u>Versigent.com/newsroom</u>

------

![LOGO](g52176dsp0035.jpg) <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Page 3 /4, April 1, 2026<br>

statements. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "projects," "potential," "outlook" or "continue," and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements are discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Versigent's information statement included in its registration statement on Form 10 filed with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for Versigent to predict these events or how they may affect Versigent. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. Versigent disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.

**Use of Non-GAAP Financial Information** 

This press release contains information about Versigent's financial results which are not presented in accordance with GAAP. Specifically, Adjusted EBITDA is a non-GAAP financial measure.

Management believes the non-GAAP financial measure used in this press release is useful to both management and investors in their analysis of the Company's financial position, results of operations and liquidity. In particular, management believes Adjusted EBITDA is a useful measure in assessing the Company's ongoing financial performance that, when reconciled to the corresponding GAAP measure, provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company's core operating performance and that may obscure underlying business results and trends. Management also uses the non-GAAP financial measure for internal planning and forecasting purposes.

The non-GAAP financial measure included in this press release is reconciled to the most directly comparable GAAP financial measure in the attached supplemental schedule at the end of this press release. Non-GAAP measures should not be considered in isolation or as a substitute for our reported results prepared in accordance with GAAP and, as calculated, may not be comparable to other similarly titled measures of other companies.

**Adjusted EBITDA:** Adjusted EBITDA is presented as a supplemental measure of the Company's financial performance which management believes is useful to investors in assessing the Company's ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company's core operating performance and which may obscure underlying business results and trends. Our management utilizes Adjusted EBITDA in its financial decision-making process to evaluate performance of the Company and for internal reporting, planning and forecasting purposes. Adjusted EBITDA is defined as net income before depreciation and amortization (including asset impairments), interest expense, income tax (expense) benefit, other income (expense), net, equity income (loss), net of tax, restructuring, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures), and other special items. Not all companies use identical calculations of Adjusted EBITDA, therefore this presentation may not be comparable to other similarly titled measures of other companies.

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<u>Versigent.com/newsroom</u>

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![LOGO](g52176dsp0035.jpg) <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Page 4 /4, April 1, 2026<br>

**Consolidated Adjusted EBITDA (Unaudited)** 

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| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Year Ended December 31,**  |
|  | **2025** |
|  | <br> **(in millions)** |
|  Net income attributable to Versigent | $528 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest income | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; Income tax benefit | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net income attributable to noncontrolling interest | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 227 |
|  EBITDA | $764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other expense, net | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity income, net of tax | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp; Restructuring | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp; Separation costs | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other acquisition and portfolio project costs | 4 |
|  Adjusted EBITDA | $893 |

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<u>Versigent.com/newsroom</u>