Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 TRANSITION
SERVICES AGREEMENT 
 BY AND BETWEEN 

INTERNATIONAL PAPER COMPANY 
 AND

 SYLVAMO CORPORATION 
 DATED
AS OF SEPTEMBER 30, 2021 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 1.  DEFINITIONS; INTERPRETATION
	  	 	1	 
			
	 1.1
	 	Definitions	  	 	1	 
	 1.2
	 	Interpretation	  	 	3	 
		
	 2.  TERM AND PROVISION OF SERVICES
	  	 	4	 
			
	 2.1
	 	Services	  	 	4	 
	 2.2
	 	Performance of Services	  	 	4	 
	 2.3
	 	Privacy and Data Protection Laws	  	 	4	 
	 2.4
	 	Security Policies	  	 	5	 
	 2.5
	 	Changes for Services	  	 	5	 
	 2.6
	 	Omitted Services	  	 	6	 
	 2.7
	 	Subcontracting	  	 	6	 
	 2.8
	 	Extension of a Term	  	 	7	 
	 2.9
	 	Third Party Consents	  	 	7	 
	 2.10
	 	Cooperation	  	 	7	 
		
	 3.  PRICING, BILLING AND PAYMENT
	  	 	8	 
			
	 3.1
	 	Service Fees	  	 	8	 
	 3.2
	 	Adjustments to Service Fees	  	 	8	 
	 3.3
	 	Billing Procedures	  	 	8	 
	 3.4
	 	Late Payments	  	 	9	 
	 3.5
	 	Monthly Cost	  	 	9	 
	 3.6
	 	Taxes	  	 	9	 
	 3.7
	 	Withholding	  	 	10	 
	 3.8
	 	Post-Term Invoice	  	 	10	 
	 3.9
	 	Invoice Disputes	  	 	10	 
	 3.10
	 	No Set-Off	  	 	10	 
		
	 4.  ACCESS
	  	 	11	 
			
	 4.1
	 	Access	  	 	11	 
	 4.2
	 	Information	  	 	11	 
		
	 5.  TRANSITION
	  	 	11	 
			
	 5.1
	 	Transitional Nature of Services	  	 	11	 
	 5.2
	 	Migration Services	  	 	12	 

  
 i 

							
	 6.  INDEMNITY
	  	 	12	 
			
	 6.1
	 	Service Provided Indemnity	  	 	12	 
	 6.2
	 	Service Recipient Indemnity	  	 	12	 
	 6.3
	 	Mitigation	  	 	13	 
	 6.4
	 	Procedures	  	 	13	 
		
	 7.  LIMITED WARRANTY; LIMITATION ON DAMAGES
	  	 	13	 
			
	 7.1
	 	LIMITED WARRANTY	  	 	13	 
	 7.2
	 	EXCLUDED DAMAGES	  	 	13	 
	 7.3
	 	PARENT’S LIMITATIONS ON LIABILITY	  	 	13	 
	 7.4
	 	SPINCO’S LIMITATIONS ON LIABILITY	  	 	13	 
	 7.5
	 	EXCLUSIVE REMEDIES	  	 	14	 
		
	 8.  OBLIGATION TO PROVIDE SERVICES
	  	 	14	 
		
	 9.  FORCE MAJEURE
	  	 	14	 
		
	 10.  INSURANCE
	  	 	15	 
		
	 11.  CONFIDENTIALITY OF INFORMATION
	  	 	15	 
		
	 12.  TERMINATION
	  	 	15	 
			
	 12.1
	 	Term	  	 	15	 
	 12.2
	 	Early Termination by Service Provider	  	 	16	 
	 12.3
	 	Early Termination by Service Recipient	  	 	16	 
	 12.4
	 	Return or Destroy of Information	  	 	16	 
		
	 13.  RELATIONSHIP OF PARTIES
	  	    	16   	   
			
	 13.1
	 	Independent Contractor Status	  	 	16	 
	 13.2
	 	Ownership of Intellectual Property	  	 	17	 
		
	 14.  PROJECT MANAGERS; DISPUTE RESOLUTION
	  	    	17   	   
			
	 14.1
	 	Project Managers	  	 	17	 
	 14.2
	 	Dispute Resolution	  	 	17	 
		
	 15.  RECORDS
	  	    	18   	   
			
	 15.1
	 	Retention of Records	  	 	18	 
	 15.2
	 	Property of Service Recipient	  	 	18	 
	 15.3
	 	Retention by Service Provider	  	 	18	 

  
 ii 

							
		
	 16.  ASSIGNMENT AND DELEGATION
	  	 	19	 
		
	 17.  NOTICES
	  	 	19	 
		
	 18.  SURVIVAL
	  	 	19	 
		
	 19.  GENERAL PROVISIONS
	  	 	19	 
			
	 19.1
	 	Severability	  	 	19	 
	 19.2
	 	Counterparts	  	 	20	 
	 19.3
	 	Entire Agreement	  	 	20	 
	 19.4
	 	Amendments; Waivers	  	 	20	 
	 19.5
	 	No Third Party Beneficiaries	  	 	20	 
	 19.6
	 	Specific Performance	  	 	20	 
	 19.7
	 	Waiver of Jury Trial	  	 	21	 
	 19.8
	 	Jurisdiction; Service of Process	  	 	21	 
	 19.9
	 	Governing Law	  	 	22	 
	 19.10
	 	Local Agreements	  	 	22	 

 Schedule I – Transition Services and Reverse Transition Services 

Schedule II – Excluded Services 
 Schedule III – Lead
Representatives 
  

  
 iii 

 TRANSITION SERVICES AGREEMENT 

THIS AGREEMENT (this “Agreement”) is made as of September 30, 2021, between International Paper Company, a New York
corporation (“Parent”), and Sylvamo Corporation, a Delaware corporation (“SpinCo” and, together with Parent, the “Parties”). Capitalized terms used herein and not otherwise defined shall have the
meanings assigned to them in the Separation and Distribution Agreement (as defined below). 
 WHEREAS, Parent and SpinCo have entered into
the Separation and Distribution Agreement, dated as of September 29, 2021 (the “Separation and Distribution Agreement”), pursuant to which, among other things, certain assets and liabilities constituting the SpinCo Business
will be transferred to SpinCo and its Subsidiaries, and at least 80.1% of the outstanding SpinCo Shares will be distributed to Parent’s shareholders; 

WHEREAS, the SpinCo Business uses certain services provided by Parent or by Third Parties under contract to Parent, and SpinCo desires to
obtain the use of these services for the purpose of enabling it to manage an orderly transition; and 
 WHEREAS, SpinCo acknowledges that
Parent is not in the business of providing such services to Third Parties; 
 NOW, THEREFORE, in consideration of the mutual covenants and
agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as set forth herein. 

 

	1.	 DEFINITIONS; INTERPRETATION 

1.1 Definitions. The following terms shall have the respective meanings set out below and grammatical variations of such terms shall
have corresponding meanings: 
 “Agreement” has the meaning set forth in the preamble. 

“Excluded Services” means those services set forth on Schedule II hereto. 

“Extension Period” means the period by which a Term is extended in accordance with Section 2.8. 

“Force Majeure Event” has the meaning set forth in Article IX. 

“Local Agreement” has the meaning set forth in Section 19.10. 

“Migration” means the transition or migration from the provision of a particular Service by Service Provider to Service
Recipient under this Agreement to performance of such Service by Service Recipient or a Third Party designated by Service Recipient. 

“Migration Services” has the meaning set forth in Section 5.2. 

 “Omitted Services” has the meaning set forth in Section 2.6.

 “Parent” has the meaning set forth in the preamble. 

“Party” means either Parent or SpinCo, as the context requires, and “Parties” means both of them, as the
context requires. 
 “Post-Term Invoice” has the meaning set forth in Section 3.8. 

“Project Manager” has the meaning set forth in Section 14.1. 

“Providing Party” has the meaning set forth in Section 11. 

“Receiving Party” has the meaning set forth in Section 11. 

“Reference Period” has the meaning set forth in Section 2.2. 

“Reverse Transition Services” means each service specified in Part B of Schedule I hereto to be provided from
SpinCo to Parent, or any Supplemental Schedule thereto as may be agreed to from time to time by the Parties. 
 “Sales and Service
Taxes” has the meaning set forth in Section 3.6. 
 “Schedules” means Schedule I, Schedule
II, Schedule III and any Supplemental Schedule. 
 “Security Policies” has the meaning set forth in
Section 2.4. 
 “Separation and Distribution Agreement” has the meaning set forth in the recitals. 

“Service” means, as the context requires, one or more Transition Services and/or one or more Reverse Transition Services.

 “Service Delivery Environment” means the equipment, software, systems, databases, communications networks and
connectivity, and facilities used by Service Provider to provide the Services. 
 “Service Fees” has the meaning set forth
in Section 3.1. 
 “Service Provider” means, in the case of Transition Services, Parent and any of its
Affiliates providing Transition Services hereunder, and, in the case of Reverse Transition Services, SpinCo and any of its Subsidiaries to the extent that they are providing Reverse Transition Services hereunder. 

“Service Provider Fiscal Month” means a month during Service Provider’s fiscal year, as determined by Service Provider
for accounting purposes. 
 “Service Provider Indemnitees” has the meaning set forth in Section 6.2. 

  
 2 

 “Service Recipient” means, in the case of Transition Services, SpinCo and
any of its Affiliates receiving Transition Services hereunder, and, in the case of Reverse Transition Services, Parent and any of its Subsidiaries to the extent that they are receiving Reverse Transition Services hereunder. 

“Service Recipient Data” means all the data owned and provided solely by Service Recipient, or created by Service Provider
solely on behalf, or for the benefit, of Service Recipient, that is used by Service Provider solely in relation to the provision of the Services, including employee information, customer information, product details and pricing information. 

“Service Recipient Indemnitees” has the meaning set forth in Section 6.1. 

“SpinCo” has the meaning set forth in the preamble. 

“Supplemental Schedule” has the meaning set forth in Section 2.6. 

“Term” has the meaning set forth in Section 2.1. 

“Transaction Agreements” means, collectively, this Agreement, the Separation and Distribution Agreement, the other Ancillary
Agreements and the Exhibits, Schedules and appendices hereto and thereto. 
 “Transition Period” means the period from the
Distribution Date until all of the Terms for all of the Services have expired or otherwise terminated in accordance with Section 12, and no further Services are being provided hereunder; provided such period shall not extend
beyond the date that is fifteen (15) months after the Distribution Date. 
 “Transition Service” means each service
specified in Part A of Schedule I hereto to be provided by Parent to SpinCo, or any Supplemental Schedule thereto as may be agreed to from time to time by the Parties. 

1.2 Interpretation. When a reference is made in this Agreement to a Section or Schedule, such reference shall be to a
Section or Schedule of this Agreement unless otherwise indicated. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Unless the context
requires otherwise, references to an agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof, and by this
Agreement. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The words “hereof,”
“herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. Unless the context requires, “or,”
“neither,” “nor,” “any,” and “either,” shall not be exclusive. All terms defined in this Agreement shall have the defined meanings when used in any certificate or other document made or delivered pursuant
hereto unless otherwise defined therein. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well 

  
 3 

 
as the feminine and neuter genders of such terms. When a reference is made in this Agreement to “Service Provider” or “Service Recipient,” such reference shall be to the
provider or recipient of either Transition Services or Reverse Transition Services as the context requires with reference to the particular Transition Service or Reverse Transition Service at issue. Notwithstanding that each of Parent and SpinCo,
and their respective Affiliates, may act under this Agreement in the capacity of both a Service Provider and a Service Recipient, the rights, duties, obligations or liabilities of a Service Provider or Service Recipient set forth in this Agreement
shall be limited as the context requires to the rights, duties, obligations or liabilities of the Party acting in the capacity of Service Provider or Service Recipient with reference to the particular Services, rights, duties, obligations or
liabilities at issue. 
  

	2.	 TERM AND PROVISION OF SERVICES 

2.1 Services. During the Transition Period, but subject to the terms set forth in this Agreement, Service Provider shall provide
to Service Recipient (or cause to be provided by its Affiliates or Third Parties to Service Recipient) each Service set forth on Schedule I hereto, which Schedule I shall also include the scope of such Service and fees associated with
such Service. Subject to Section 12, each Service shall be provided for the period of time following the Distribution that is indicated on the Schedules for such Service (any such period of time with respect to a Service, including any
extension period agreed to by the Parties pursuant to Section 2.10, a “Term”); provided that in no event shall any Term exceed a period of one (1) year or, if extended by Service Recipient pursuant to
Section 2.8, a period ending fifteen (15) months after the Distribution Date. 
 2.2 Performance of Services. Except
as otherwise expressly provided on Schedule I hereto, Service Provider shall perform, or shall cause one or more of its Subsidiaries to perform, all Services to be provided by Service Provider in a manner that is based on its past practice
and that is substantially similar in all material respects to the analogous services provided by or on behalf of Parent or any of its Subsidiaries to Parent and its Subsidiaries or its applicable functional group during the 12 months prior to the
Distribution Date (“Reference Period”); provided, however, that, nothing in this Agreement shall require Service Provider to favor Service Recipient’s operation of its business over Service Provider’s own
business operation; provided, further, that Service Provider shall have the right and sole discretion to establish priorities, as between Service Recipient, on the one hand, and Service Provider, on the other hand, as to the provision
of any Service, so long as Service Provider uses commercially reasonable efforts to maintain sufficient resources to perform the Services in accordance with this Agreement. Service Provider shall use commercially reasonable efforts to promptly
advise Service Recipient of any Services which will be interrupted or delayed as a result of such prioritization. 
 2.3 Privacy and Data
Protection Laws. Service Provider and Service Recipient shall, and shall cause their respective Affiliates to, comply with applicable privacy and data security Laws in the provision or receipt of Services. Furthermore, the provisions of
Schedule IV hereto shall govern Service Provider’s Processing of Personal Data (as these terms are defined in Schedule IV) in connection with the provision of Services. 

  
 4 

 2.4 Security Policies. Service Recipient shall comply with all of Service
Provider’s security policies, procedures and requirements relating to the Service Delivery Environment in effect, which shall be no less rigorous than Parent’s policies, procedures and requirements or such other policies as may be adopted
by Parent from time to time after the Effective Time (provided that Parent notifies SpinCo in writing of any such change) in connection with its access and use of the Services (the “Security Policies”), and shall not tamper
with, compromise or circumvent any security or audit measures employed by Service Provider. Service Provider shall limit access to the Service Delivery Environment to Service Provider personnel who are specifically authorized to have such access,
and shall take such measures to prevent unauthorized access, use, destruction, alteration or loss of SpinCo Business data or Parent Business data, as applicable, and other information contained therein. Service Recipient shall access and use only
that portion of the Service Delivery Environment for which Service Recipient has been granted the right to access and use; provided, however, that Service Provider shall not unreasonably limit the grant of such access and use by
authorized personnel. Neither Party shall establish any type of external network connectivity into the other Party’s systems or network, including WAN or Internet connectivity, without the prior written consent of the other Party. Service
Recipient shall limit access of its personnel to the Service Delivery Environment to those personnel who are specifically authorized to have such access and shall cause such personnel to comply with the Security Policies in accessing the Service
Delivery Environment in accordance with the terms of this Section 2.4. If, at any time, a Party determines that (a) any of its personnel has sought to circumvent, or has circumvented, the Security Policies, (b) any unauthorized
personnel of such Party has accessed the Service Delivery Environment, or (c) any of its personnel has engaged in activities that may reasonably be expected to lead to the unauthorized access, use, destruction, alteration or loss of data,
information or software, such Party shall promptly terminate such personnel’s access to the Service Delivery Environment and promptly notify the other Party in writing. In addition, Service Provider shall have the right to deny personnel of
Service Recipient access to the Service Delivery Environment upon at least 24 hours’ written notice to Service Recipient in the event that Service Provider reasonably believes that such personnel have engaged in any of the activities set forth
in this Section 2.4 or otherwise pose a security concern. Each Party shall reasonably cooperate with the other Party in investigating any apparent unauthorized access to or use of the Service Delivery Environment. 

2.5 Changes for Services. The Parties acknowledge that, subject to Section 2.2, the manner, means, and resources to
provide the Services are in the reasonable discretion of Service Provider, and Service Provider may make changes from time to time in the manner of performing the Services if Service Provider is making similar changes in performing analogous
services for itself and if Service Provider furnishes to Service Recipient reasonable prior written notice of such changes; provided, if such change shall materially adversely affect the timeliness or quality of, or the Service Fees for, the
applicable Service, Service Recipient shall be permitted to terminate this Agreement or the applicable specific Service pursuant to Section 12.3. Each agreed upon change shall be documented by an amendment in writing to the applicable
Schedule. 

  
 5 

 2.6 Omitted Services. If any services (other than Excluded Services) that were
previously provided to or for the benefit of either Party or their respective Subsidiaries, or caused to be provided to or for the benefit of either Party or their respective Subsidiaries during the Reference Period that Parent or SpinCo reasonably
believes are necessary for such Party to operate the Parent Business or the SpinCo Business, respectively, in substantially the same manner as such business was conducted prior to the Distribution Date, and such services have been omitted from
Schedule I hereto (“Omitted Services”), then (i) at the request of Service Recipient (made within three months after the Distribution Date) and (ii) so long as Service Recipient is unable to secure such services
from a Third Party on commercially reasonable terms, Service Provider shall use commercially reasonable efforts to provide such services, or cause such services to be provided, as promptly as reasonably practicable, pursuant to a supplemental
written schedule mutually agreed upon by the Parties acting reasonably and in good faith (each such supplemental written schedule, a “Supplemental Schedule”), setting forth in reasonable detail the nature, scope, term, rates,
termination provisions and other terms applicable to such Omitted Service to be provided; provided, however, that no Party shall be obligated to provide such services if (x) the Parties are unable to reach agreement on the terms
thereof or (y) Service Provider does not, in its reasonable judgment, have the capability and existing capacity to provide such services or if the provision of any such services would significantly disrupt the operation of its or its
Subsidiaries’ businesses; provided, further, that (x) the Service Fees shall for such Omitted Services shall be the fully loaded costs of Service Provider to provide any such Omitted Service and (y) that the obligations
of Service Provider to provide any Omitted Services shall be subject to Service Recipient’s use of its commercially reasonable efforts to cooperate with Service Provider in the provision of such services, and to the extent that changes to the
systems, operations or business of Service Recipient implemented in connection with the transactions contemplated by the Separation and Distribution Agreement after the Distribution Date require alterations in the means of providing any such
service, Service Provider shall be obligated only to use its commercially reasonable efforts to make such alterations. Any Omitted Service that is provided or caused to be provided by Service Provider pursuant to this Section 2.6 shall
be a “Transition Service” or a “Reverse Transition Service”, as applicable, for the purposes of this Agreement (other than as specifically indicated herein). For the avoidance of doubt, any Supplemental Schedule shall be deemed
to be part of Schedule I hereto. Notwithstanding anything to the contrary that may be set forth or implied elsewhere in this Agreement or in the Separation and Distribution Agreement, Service Provider shall not, and shall be under no
obligation to, provide any Excluded Services after the Distribution Date. 
 2.7 Subcontracting. Subject to the service level
requirements set forth in Section 2.2, Service Provider may use Third Parties to provide some or all of the Services. Notwithstanding any such use of Third Parties, Service Provider shall remain fully obligated for the provision of such
Services to the Service Recipient in accordance with the terms hereof; provided, however, if (i) Service Provider elects to use a Third Party service provider for all or substantially all of its and its Subsidiaries’
requirements and/or needs and (ii) Service Provider is able to assign, and has assigned, to Service Recipient, Service Provider’s rights and remedies against such Third Party service provider, such that Service Recipient may pursue such
rights and remedies directly, Service Provider shall have no liability to Service Recipient in connection with a failure to perform by such Third Party that is not caused by the action or inaction of Service Provider. 

  
 6 

 2.8 Extension of a Term. In the event that any Service is required beyond its Term,
Service Recipient shall provide Service Provider with a written notice of extension no later than sixty (60) days prior to the expiration of the Term of such Service; provided, that Service Recipient shall only be allowed one three
(3)-month extension of any Term; provided, further, that in no event shall any Term be extended beyond the date that is fifteen (15) months after the Distribution Date. Such notice shall indicate the period during which Service
Recipient wishes to receive such Service after the date of expiration of the Term for such Service; provided, that Service Provider shall not be obligated to provide such extended Service if (x) Service Provider does not, in its
reasonable judgment, have the capability and existing capacity to provide such Service or if the provision of such Service would significantly disrupt the operation of its or any member of its Group’s business, or (y) there are
interdependencies among such Service and any other Services, for which the Term will expire prior to the end of such extension, and such interdependencies cannot be addressed despite good-faith negotiations between the Parties. Subject to obtaining
any necessary Third Party consents in accordance with Section 2.9, Service Provider shall provide, or cause to be provided, the Service to Service Recipient for such period, it being understood and agreed that the Service Fees for each
applicable Service shall be subject to a 20% increase from the original Service Fees during any Extension Period. In addition, Service Recipient shall reimburse Service Provider for any reasonable and documented incremental fees charged by Third
Party service providers in connection with granting any consent or otherwise extending the Service, in each case, solely with respect to an extension of the Term. 

2.9 Third Party Consents. Service Provider shall not be required to provide a Service to the extent the provision of such Service by
Service Provider materially conflicts with any contract or agreement to which Service Provider is a party prior to the date hereof or the rights of any Third Party with respect thereto or violates any applicable Law. The Parties shall cooperate in
good faith to use commercially reasonable efforts to obtain any consents from third parties that Service Provider reasonably believes are necessary in order for Service Provider to provide the Services. All reasonable out-of-pocket costs and
expenses (if any) incurred by Service Provider to obtain any such consents shall be paid by Service Recipient. In the event that Service Provider is unable to obtain any such consent, Service Provider shall be relieved of its obligation to provide
such Service hereunder. 
 2.10 Cooperation. Unless otherwise provided for in this Agreement, the Parties shall use their commercially
reasonable efforts to cooperate with each other in all matters relating to the provision and receipt of the Transition Services and the Reverse Transition Services. Such cooperation shall include exchanging Information, providing electronic access
to systems used in connection with the Transition Services and Reverse Transition Services. Each Party shall cooperate with the other Party in determining the extent to which any Tax is due and owing with respect to any of the Transition Services or
Reverse Transition Services, as applicable, and in providing and making available appropriate documentation or Information reasonably requested by the other Party including, but not limited to, applicable resale and/or exemption certificates. 

  
 7 

	3.	 PRICING, BILLING AND PAYMENT 

3.1 Service Fees. With respect to each Service, Service Recipient shall pay to Service Provider those amounts determined in accordance
with the rates and charges, including any set-up or one-time costs, set forth in the Schedule for such Service, and in addition, Service Recipient shall pay Service Provider all reasonable incidental costs and
expenses reasonably incurred by Service Provider in providing the Services, including air fare (coach class), lodging, meals, mileage, parking and ground transportation, in each case in accordance with Service Provider’s standard policies with
respect to such incidental costs and expenses (collectively, the “Service Fees”). Subject to Section 2.8 and Section 3.2, during the term of this Agreement, the amount of a Service Fee for any Service (or
category of Service, as applicable) shall not increase, except to the extent that there is an evidenced increase after the date hereof in the costs actually incurred by Service Provider in providing such Service, including as a result of (i) an
increase in the amount of such Service being provided to Service Recipient (as compared to the amount of the Service underlying the determination of a Service Fee), (ii) an increase in the rates or charges imposed by any Third Party that is
providing goods or services used by Service Provider in providing the Service (as compared to the rates or charges underlying a Service Fee), (iii) an increase in the payroll or benefits for any employees used by Service Provider in providing
the Service, or (iv) any increase in costs relating to any changes in the quality, nature, duration or quantity of the Service provided or how the Service is provided (including relating to newly installed products or equipment or any upgrades
to existing products or equipment). 
 3.2 Adjustments to Service Fees. In the event that any Service is terminated by Service
Recipient in accordance with Section 12.3 but subject to Section 3.5, the Service Fees shall automatically be adjusted downward (by the associated fee for such Service set forth on the respective Schedule from and after the
first day of the month following termination of such Service). To the extent that such Service is provided to Service Provider by a Third Party service provider, Service Provider may at any time increase the charges for any Service upon written
notice to Service Recipient provided such increase is only to the extent of the amount of increase charged by such Third Party service provider. 

3.3 Billing Procedures. Not later than twenty-one (21) days after the last day of each Service Provider Fiscal Month, Service
Provider shall provide to Service Recipient an itemized invoice for the preceding Service Provider Fiscal Month’s Service Fees. The amount stated in such invoice (to the extent such amount is not the subject of a good faith dispute in
accordance with the terms set forth in Section 3.9) shall be paid by Service Recipient in full within thirty (30) days of the date of Service Recipient’s receipt of the invoice (or the next Business Day following such date, if
such thirtieth (30th) day is not a Business Day) through payment to an account designated by Service Provider. To protect confidential or competitively sensitive Information, Service Provider may aggregate the Service Fees with respect to some
or all of the Services included in such invoice; provided, that Service Provider shall, and shall cause its Affiliates to, provide such back-up therefor as reasonably requested by Service Recipient in connection therewith to the extent
reasonably required to permit Service Recipient and its Representatives to review and evaluate the amounts set forth in such invoice and verify such amounts; provided, however, that in the event that the Service Provider determines
that providing such Information could be commercially detrimental, violate any applicable Law or agreement or waive any attorney-client privilege, then the Parties shall use commercially reasonable efforts to facilitate the provision of such
Information in a manner that avoids such harm and consequence. Any disputes regarding overpayment shall be resolved in accordance with the procedures set forth in Section 14. 

  
 8 

 3.4 Late Payments. Without prejudice to Service Provider’s other rights and
remedies, in the event any sum due (other than those subject to dispute in good faith) to Service Provider pursuant to the terms of this Agreement remains unpaid thirty (30) days after the applicable due date, interest shall accrue daily, from
the due date until the date of actual payment, at an annual interest rate equal to 8%. 
 3.5 Monthly Cost. The cost of each Service
is a monthly cost, and the full monthly cost of each Service (applying the volume level, if applicable, of such Service at the beginning of a Service Provider Fiscal Month) shall apply in respect of such Service until such Service is terminated in
its entirety as provided in Section 12.3. 
 3.6 Taxes. Service Recipient shall pay and be liable for any and all sales,
service, value-added or other similar Taxes or levies (but not including any Taxes based upon or calculated by reference to income, receipts or capital or withholding taxes) imposed upon, sustained, incurred or levied with respect to the sale,
performance, provision or delivery of the Transition Services or Reverse Transition Services, as applicable, provided by Service Provider pursuant to this Agreement (“Sales and Service Taxes”). Such Sales and Service Taxes shall be
separately stated on the relevant invoice to the Service Recipient and shall be payable by Service Recipient to Service Provider in the manner set forth in Section 3.3. Service Recipient’s obligation to pay Sales and Service Taxes
under this Section 3.6 shall be subject to the receipt by Service Recipient of a valid and customary invoice or other document under the terms of applicable Law for each Sales and Service Tax. Service Provider shall be responsible for
the remittance to the applicable Tax authority of any Sales and Service Taxes paid by Service Recipient to Service Provider. If Service Recipient complies with the terms of this Section 3.6 regarding the timely payment of Sales and
Service Taxes to Service Provider, it shall not be liable for any interest, penalties or other charges attributable to Service Provider’s improper filing relating to Sales and Service Taxes or late payment or failure to remit Sales and Service
Taxes to the relevant Tax authority. In the event that Service Provider receives a refund of (or credit for) any Sales and Service Taxes paid by Service Recipient pursuant to this Section 3.6, Service Provider shall promptly notify
Service Recipient and shall pay over to Service Recipient such refund or the amount of such credit. In connection with the Transition Services or Reverse Transition Services, as applicable, provided pursuant to this Agreement, each Party shall be
responsible for, and shall withhold or pay or both (or cause to be withheld or paid or both), as may be required by Law, all Taxes pertaining to the employment of such Party’s personnel, agents, servants or designees. Each of Service Provider
and Service Recipient shall pay and be responsible for their own Taxes based on their own income or profits or assets. With respect to this Section 3.6, the Parties shall reasonably cooperate with each other and use commercially
reasonable efforts to take any action to provide or make available any information reasonably requested (and with a sufficient level of detail) in order to minimize any Sales and Service Taxes payable with respect to the Transition Services or
Reverse Transition Services, as applicable. 

  
 9 

 3.7 Withholding. Payments for Services or other amounts due under this Agreement
shall be made net of applicable withholding Taxes; provided, however, that if Service Provider reasonably believes that a reduced rate of withholding Tax applies or Service Provider is exempt from withholding Tax, (a) Service
Provider shall provide Service Recipient with appropriate and customary documentation that provides Service Provider qualifies for a reduction to or exemption from withholding under applicable Law and (b) Service Recipient shall use
commercially reasonable efforts to apply such reduced rate of withholding or not withhold if Service Provider provides Service Recipient with evidence satisfactory to Service Recipient that a reduced rate of or no withholding is required by
applicable Law. Service Recipient shall promptly remit any amounts withheld to the appropriate taxing authority in accordance with applicable Law and all such amounts so withheld and paid to the relevant taxing authority shall be treated for all
purposes of this Agreement as having been paid to Service Provider. In the event that Service Recipient receives a refund of any amounts previously withheld from payments to Service Provider and remitted, Service Recipient shall surrender such
refund to Service Provider. 
 3.8 Post-Term Invoice. With respect to any Service Fees that accrue or are incurred by Service Provider
or its Affiliates during the Transition Period but that are not billed by Service Provider in a monthly invoice, or of which Service Provider does not become aware until after the Transition Period, Service Provider shall set forth such fees in an
invoice or invoices submitted to Service Recipient following the end of the Transition Period (each, a “Post-Term Invoice”). Subject to Section 3.9, and so long as such Post-Term Invoice is received by Service Recipient
as promptly as practicable and in any event within one (1) year following the Transition Period, Service Recipient shall remit payment under any such Post-Term Invoice to Service Provider within thirty (30) days after its receipt of such
invoice. 
 3.9 Invoice Disputes. In connection with Section 3.3 or 3.8, in the event of an invoice dispute of
which Service Recipient is aware, Service Recipient shall deliver a written statement to Service Provider no later than ten (10) days prior to the date payment is due on the disputed invoice listing all disputed items and providing a reasonably
detailed description of each disputed item. Amounts not in dispute amongst the Parties shall be deemed accepted and shall be paid, notwithstanding disputes on other items, within the period set forth in Section 3.3 or 3.8, as
applicable. The Parties shall use their commercially reasonable efforts to resolve all such other disputes expeditiously in accordance with the procedures set forth in Section 14. When the disputed amount has been resolved, any Party
owing an amount to another Party as a result of such resolution shall pay such amount owed to such other Party within ten (10) Business Days following such resolution. This Section 3.9 shall not relieve Service Provider of its
obligations to perform the Services. 
 3.10 No Set-Off. Each of the Parties hereby acknowledges that it shall have no right under
this Agreement to offset any amounts owed (or to become due or owing) to the other Party, whether under this Agreement, the Separation and Distribution Agreement or otherwise, against any other amount owed (or to become due or owing) to it by the
other Party. 

  
 10 

	4.	 ACCESS 

4.1 Access. Service Provider and Service Recipient shall, and shall cause their respective Affiliates to, provide to each other and
their respective agents and vendors reasonable access (during normal business hours (when appropriate with respect to physical access), upon reasonable notice and supervised by the appropriate personnel of the Parties or as otherwise agreed by the
Parties) to the Information, personnel, and systems necessary (x) for the efficient and accurate administration, provision, receipt or use of each of the Services and to avoid the duplication of any expenses or benefits thereunder and
(y) as reasonably necessary to verify the accuracy of internal controls over information technology, reporting of financial data and related processes employed in connection with verifying compliance with Section 4040 of the Sarbanes-Oxley
Act of 2002; provided, that all such Information shall be shared subject to the confidentiality obligations set forth in Section 11, and any Party or Third Party vendor receiving such Information shall agree to be bound by such
obligations prior to the provision of any such Information. Service Provider and Service Recipient agree that all of their and their Subsidiaries’ respective employees shall, and that they shall use commercially reasonable efforts to cause
their respective Representatives’ employees to, when on the property of the other Party, or when given access to any facilities, Information, systems, infrastructure or personnel of such Party and its Subsidiaries, conform to the policies and
procedures of such Party, concerning health, safety, conduct and security which are made known or provided to the visiting Party from time to time. 

4.2 Information. All Services provided shall be based upon reasonably timely, accurate and complete Information from Service Recipient,
which Service Recipient shall use its commercially reasonable efforts to provide, and Service Provider shall be released from its obligations to provide or cause to be provided reasonably timely, accurate and complete Services to the extent (but
only to the extent) Service Recipient fails to provide timely, accurate and complete Information to Service Provider reasonably necessary for the provision of such Services. Service Recipient’s failure to perform or delay in performing any of
its obligations hereunder shall not constitute grounds for termination by Service Provider of this Agreement except as provided in Section 12.2; provided, however, that Service Provider’s nonperformance of its
obligations under this Agreement shall be excused if and to the extent (i) such Service Provider’s nonperformance results from Service Recipient’s failure to perform its obligations hereunder and (ii) Service Provider provides
Service Recipient with written notice of such nonperformance. 
  

	5.	 TRANSITION 

5.1 Transitional Nature of Services. The Parties acknowledge and agree that the Services to be provided hereunder are transitional in
nature and are intended to provide Service Recipient with reasonable time to develop the internal resources and capacities (or to arrange for Third Party providers) to provide such Services. Service Recipient shall use commercially reasonable
efforts to reduce or eliminate its and its Group’s dependency on each Service to the extent and as soon as is reasonably practicable (it being understood that this Section 5.1 shall not require Service Recipient to terminate any
Service prior to the initial termination date for such Service set forth on the applicable Schedule). No later than 60 days after the Distribution Date, the Parties shall consult for the purpose of agreeing upon the terms of and a plan for the
Migration of all Services. Service Recipient will have the primary responsibility for planning and carrying out the Migration of Services prior to the expiration of the Transition Period. Subject to Section 5.2 below and the
other terms of this Agreement, Service Provider will provide reasonable cooperation and assistance as requested to support Service Recipient’s Migration efforts. 

  
 11 

 5.2 Migration Services. To the extent that Service Recipient requires reasonable
support, assistance and other services to effect an orderly Migration without interruption to the Services subject to the Migration (“Migration Services”), Service Recipient shall submit a written request describing such Migration
Services to Service Provider’s Project Manager, and upon at least ten (10) days’ written notice to Service Provider, the Parties shall meet to discuss and agree, each Party acting reasonably and in good faith, on the scope, timing,
hourly rates and other terms of such Migration Services, such agreement to be set forth on a Supplemental Schedule. Service Provider shall then provide such Migration Services; provided, that the Parties’ intent is that Migration
Services shall include only such services that Service Provider is capable of providing. Any Migration Service that is provided or caused to be provided by Service Provider pursuant to this Section 5.2 shall be a “Transition
Service” or a “Reverse Transition Service”, as applicable, for the purposes of this Agreement (other than as specifically indicated herein). 
  

	6.	 INDEMNITY 

6.1 Service Provider Indemnity. Subject to Section 7 and in addition to, but not in duplication of, any indemnification
obligations under the Separation and Distribution Agreement, Service Provider shall indemnify Service Recipient and its Affiliates and its and their respective officers, directors, employees, partners, managers or persons acting in a similar
capacity, agents, consultants, financial and other advisors, accountants, attorneys and other representatives (the “Service Recipient Indemnitees”) in respect of, and hold such Service Recipient Indemnitees harmless from and
against, all Losses (other than with respect to Taxes, which are governed exclusively by Sections 3.6 and 3.7) incurred or suffered by Service Recipient Indemnitees relating to, arising out of or resulting from the receipt of the
Services only to the extent that such Losses result from the gross negligence or intentional misconduct of Service Provider or any of its Affiliates or any of its or their respective officers, directors or employees in providing any of the Services
rendered or to be rendered by or on behalf of Service Provider pursuant to this Agreement. 
 6.2 Service Recipient Indemnity. Subject
to Section 7 and in addition to, but not in duplication of, any indemnification obligations under the Separation and Distribution Agreement, the Service Recipient shall indemnify Service Provider and its Affiliates and its and their
respective officers, directors, employees, partners, managers or persons acting in a similar capacity, agents, consultants, financial and other advisors, accountants, attorneys and other representatives (the “Service Provider
Indemnitees”) in respect of, and hold Service Provider Indemnitees harmless from and against, all claims of Third Parties (other than with respect to Taxes, which are governed exclusively by Sections 3.6 and 3.7) relating to,
arising out of or resulting from the Services rendered or to be rendered by or on behalf of Service Provider pursuant to this Agreement, the transactions contemplated by this Agreement or Service Provider’s actions or inactions in connection
with any such Services or transactions, except to the extent that such claim results from gross negligence or intentional misconduct of Service Provider or any of its Affiliates or any of its or their respective officers, directors or employees in
providing any of the Services rendered or to be rendered by or on behalf of Service Provider pursuant to this Agreement. 

  
 12 

 6.3 Mitigation. Each of the Parties shall use its commercially reasonable efforts to
mitigate its respective Losses upon and after becoming aware of any event or condition that would reasonably be expected to give rise to any Losses that are indemnifiable hereunder. 

6.4 Procedures. The procedures specified in Article IV of the Separation and Distribution Agreement shall apply with respect to any
indemnification claims under this Section 6. 
  

	7.	 LIMITED WARRANTY; LIMITATION ON DAMAGES 

7.1 LIMITED WARRANTY. NOTWITHSTANDING ANY PROVISION TO THE CONTRARY, UNLESS EXPRESSLY SET FORTH HEREIN, SERVICE PROVIDER
REPRESENTS AND WARRANTS ONLY THAT THE SERVICES SHALL BE IN CONFORMITY WITH THIS AGREEMENT (INCLUDING SECTION 2.2). THE ABOVE-STATED LIMITED WARRANTY IS THE SERVICE PROVIDER’S SOLE AND EXCLUSIVE WARRANTY WITH RESPECT TO ANY SERVICES
PROVIDED UNDER THIS AGREEMENT. THE SERVICE PROVIDER DOES NOT MAKE ANY OTHER WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY AND SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTIES, WHETHER OF MERCHANTABILITY, SUITABILITY, FITNESS FOR A PARTICULAR
PURPOSE, OR OTHERWISE FOR SUCH SERVICES. 
 7.2 EXCLUDED DAMAGES. IN NO EVENT SHALL ANY PARTY OR SUCH PARTY’S AFFILIATES, OR ANY
OF ITS OR THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR REPRESENTATIVES, BE LIABLE FOR ANY SPECIAL, PUNITIVE, EXEMPLARY, CONSEQUENTIAL, INCIDENTIAL OR INDIRECT DAMAGES, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY, OTHER LAW OR
OTHERWISE, IN ALL CASES, EXCEPT TO THE EXTENT PAYABLE IN RESPECT TO A THIRD-PARTY CLAIM. 
 7.3 PARENT’S LIMITATIONS ON
LIABILITY. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, THE LIABILITY OF PARENT WITH RESPECT TO SERVICES PROVIDED TO, OR SERVICES RECEIVED FROM, SPINCO OR ANY OF ITS AFFILIATES OR ANY OF ITS OR THEIR RESPECTIVE OFFICERS, DIRECTORS
OR EMPLOYEES PURSUANT TO THIS AGREEMENT, WHETHER IN CONTRACT, TORT OR OTHERWISE, SHALL NOT EXCEED, IN THE AGGREGATE IN ANY APPLICABLE CALENDAR YEAR, THE AGGREGATE AMOUNT OF SERVICE FEES ACTUALLY PAID TO PARENT BY SPINCO DURING THE TERM (EXCLUDING
ANY AMOUNTS CHARGED BY PARENT AS REIMBURSEMENT OF THIRD PARTY FEES). 
 7.4 SPINCO’S LIMITATIONS ON LIABILITY. NOTWITHSTANDING
ANYTHING TO THE CONTRARY CONTAINED HEREIN, THE LIABILITY OF SPINCO WITH RESPECT TO SERVICES PROVIDED TO, OR SERVICES RECEIVED FROM, PARENT OR ANY OF ITS AFFILIATES OR ANY OF ITS OR THEIR RESPECTIVE OFFICERS, DIRECTORS OR EMPLOYEES PURSUANT TO THIS
AGREEMENT, WHETHER IN CONTRACT, TORT OR OTHERWISE, SHALL NOT EXCEED, IN THE AGGREGATE IN ANY APPLICABLE CALENDAR YEAR, THE AGGREGATE AMOUNT OF SERVICE FEES ACTUALLY PAID TO PARENT BY SPINCO DURING THE TERM (EXCLUDING ANY AMOUNTS CHARGED BY PARENT AS
REIMBURSEMENT OF THIRD PARTY FEES). 

  
 13 

 7.5 EXCLUSIVE REMEDIES. THE PROVISIONS OF SECTIONS 6.1, 6.2, 12
AND 19.6 OF THIS AGREEMENT SHALL BE THE SOLE AND EXCLUSIVE REMEDIES OF THE SERVICE PROVIDER INDEMNITEES AND THE SERVICE RECIPIENT INDEMNITEES, AS APPLICABLE, FOR ANY CLAIM, LOSS, DAMAGE, EXPENSE OR LIABILITY, WHETHER ARISING FROM STATUTE,
PRINCIPLE OF COMMON OR CIVIL LAW, PRINCIPLES OF STRICT LIABILITY, TORT, CONTRACT OR OTHERWISE UNDER THIS AGREEMENT. 
  

	8.	 OBLIGATION TO PROVIDE SERVICES 

The Parties acknowledge that notwithstanding any delegation of their respective responsibilities under this Agreement to a Third Party, except
as provided in the proviso in Section 2.7, such delegating Party shall remain responsible for the provision of the Services which such Party is obligated to provide and any Third Party’s compliance with the performance and standard
of performance set forth herein. 
  

	9.	 FORCE MAJEURE 

Service Provider shall not be responsible for failure or delay in delivery of any Service that it has responsibility for providing hereunder,
if the event (a) does not arise or result from the fault or negligence of Service Provider (or any Person acting on its behalf) and (b) by its nature would not reasonably have been foreseen by Service Provider (or such Person), or, if it
would reasonably have been foreseen, was beyond the control of Service Provider, including acts of God, acts of civil or military authority, embargoes, pandemics (including the COVID-19 pandemic), epidemics, wars, riots, protests or civil unrest,
insurrections, fires, explosions, earthquakes, floods, government shutdowns, shortage of adequate power or transportation facilities, travel restrictions, unusually severe weather conditions, labor problems, unavailability of supplies or the
response of any Governmental Authority to any of the foregoing, or, in the case of computer systems, any significant and prolonged failure in electrical or air conditioning equipment (a “Force Majeure Event”), provided that,
notwithstanding the foregoing, the receipt by a Party of an unsolicited takeover offer or other acquisition proposal, even if unforeseen or unavoidable, and such Party’s response thereto shall not be deemed a Force Majeure Event. Service
Provider shall, promptly after knowledge of the beginning of a Force Majeure Event, notify Service Recipient of a Force Majeure Event that results in a failure or delay in delivery of any Service that it has responsibility for providing hereunder,
the reason therefor, and the estimated probable duration and consequence thereof. The Parties acknowledge and agree that such estimation shall not be considered binding in any way, and Service Provider shall not incur liability of any kind if such
estimation proves to be inaccurate. Service Provider shall use its commercially reasonable efforts to restore provision of the Services in accordance with this Agreement as soon as reasonably practicable following the commencement of a Force Majeure

  
 14 

 Event. In the event that Service Provider is excused from supplying a Service pursuant to this
Section 9, Service Recipient shall be free to acquire replacement services from a Third Party at Service Recipient’s expense, and without liability to Service Provider for Service Fees during the duration of the Force Majeure Event,
for the period and to the extent reasonably necessitated by such non-performance. 
  

	10.	 INSURANCE 

Each Party shall, throughout the term of this Agreement, carry appropriate insurance with a reputable insurance company covering property
damage, business interruptions and general liability insurance (including contractual liability) to protect its own business and property interests. To the extent either Party insures, in whole or in part, through a plan of self-insurance, the
Parties acknowledge that such self-insurance shall be acceptable for purposes of this Agreement. In the case of any conflict between the terms of this Section 10 and the terms of the Separation and Distribution Agreement, the Separation
and Distribution Agreement shall control. 
  

	11.	 CONFIDENTIALITY OF INFORMATION 

Except as provided below, all Information disclosed between Service Provider and Service Recipient pursuant to this Agreement, including
Information relating to or received from Third Parties and any Service Recipient Data, are deemed confidential (“Confidential Information”), except, in each case, to the extent that such information has been (i) in the public
domain or generally available to the public, other than as a result of a disclosure by such Party or any member of such Party’s Group or any of their respective Representatives in violation of this Agreement, (ii) later lawfully acquired
from other sources by such Party (or any member of such Party’s Group) which sources are not themselves bound by a confidentiality obligation or other contractual, legal or fiduciary obligation of confidentiality with respect to such
confidential and proprietary information, or (iii) independently developed or generated without reference to or use of any Confidential Information of such other Party or any member of such other Party’s Group. A Party receiving
Confidential Information (the “Receiving Party”) shall not use such information for any purpose other than for which it was disclosed by the party providing such information (the “Providing Party”) and, except as
otherwise permitted by this Agreement, shall not disclose to Third Parties any Confidential Information for a period of five (5) years from the termination or expiration of this Agreement or, with respect to any trade secrets, indefinitely. The
obligations of the Receiving Party and the Providing Party with regard to Confidential Information shall be governed by and set forth in Sections 6.10 and 6.11 of the Separation and Distribution Agreement, which shall be deemed incorporated by
reference herein. 
  

	12.	 TERMINATION 

12.1 Term. The term of this Agreement shall be for the Transition Period. This Agreement is a master agreement and shall be construed as
a separate and independent agreement for each and every Service provided under this Agreement. Any termination of this Agreement with respect to any Service shall not terminate this Agreement with respect to any other Service then being provided
pursuant to this Agreement. 

  
 15 

 12.2 Early Termination by Service Provider. Upon at least thirty (30) days’
prior written notice, Service Provider may, at its option, terminate this Agreement with respect to any or all Services it provides hereunder or suspend performance of its obligations with respect thereto, in either case solely in the event of the
material breach by Service Recipient of this Agreement with respect to such Service or the failure of Service Recipient to pay any invoice within ninety (90) days of the receipt of such invoice, unless Service Recipient is disputing the invoice
in good faith pursuant to Section 3.3. 
 12.3 Early Termination by Service Recipient. If at any time during the
applicable Term, Service Recipient wishes to terminate a Transition Service or a Reverse Transition Service, as the case may be, Service Recipient shall provide a written request of termination to Service Provider at least forty-five (45) days
prior to the proposed effective date of termination. If Service Provider determines, in good faith, that the termination of such Service would, or is reasonably likely to, result in Service Provider’s inability to provide any remaining Services
in accordance with this Agreement (taking into account any interdependencies of the proposed terminated Service and the remaining Services), including with respect to the quality standards, or result in a Party’s inability to maintain the
confidentiality of Information disclosed between Service Provider and Service Recipient pursuant to this Agreement, then Service Provider shall notify Service Recipient thereof in writing and the Parties shall negotiate in good faith to determine an
alternative solution to enable Service Provider to maintain the ability to provide all other Services not subject to such written request of termination provided in the first sentence of this Section 12.3. Service Recipient shall
reimburse Service Provider for incremental fees charged by Third Party service providers in connection with the early termination of Services; provided, that Service Provider shall use its commercially reasonable efforts to minimize such
incremental fees. 
 12.4 Return or Destroy of Information. Upon termination or expiration of this Agreement for any reason, Service
Provider shall, upon the written request of Service Recipient, deliver to Service Recipient or destroy (provided such destruction is promptly confirmed in writing by Service Provider if requested by Service Recipient), at Service
Provider’s option, all Information provided to Service Provider by Service Recipient and pertaining to any matters for which Service Provider was providing Transition Services or Reverse Transition Services, as applicable, hereunder;
provided, however, Service Provider may retain copies of such Information to the extent necessary for accounting, tax reporting, compliance with Service Provider’s document retention policies or other legitimate business purposes,
subject to the requirements of Section 11. 
  

	13.	 RELATIONSHIP OF PARTIES 

13.1 Independent Contractor Status. In providing the Services, Service Provider is acting as and shall be considered an independent
contractor. This Agreement is not intended to create and shall not be construed as creating between Service Provider and Service Recipient any relationship other than an independent contractor and purchaser of contract services. The Parties
specifically acknowledge that they are not, and this Agreement is not intended to and shall not be construed to make them, affiliates of one another and that no principal and agent, joint venture, partnership or similar relationship, or any other
relationship, that imposes or implies any fiduciary duty, including any duty of care or duty of loyalty exists between the Parties. Except as expressly set forth herein, no Party has the authority to, and each Party agrees that it shall not,
directly or indirectly contract any obligations of any kind in the name of or chargeable against the other Party without such other Party’s prior written consent. 

  
 16 

 13.2 Ownership of Intellectual Property. Except as otherwise expressly set forth in
the Schedules, the Parties agree that Service Provider shall own, or retain ownership of, all Intellectual Property that is used, or created by, Service Provider during Service Provider’s fulfillment of its obligations to Service
Recipient under this Agreement. If necessary and at Service Provider’s sole discretion, Service Recipient shall sign and shall cause its employees, Affiliates, Affiliates’ employees, contractors and representatives to sign all
documents required by Service Provider to establish Service Provider’s ownership rights and title in such Intellectual Property. 
  

	14.	 PROJECT MANAGERS; DISPUTE RESOLUTION 

14.1 Project Managers. Service Provider and Service Recipient shall each assign one person to act as that Party’s project manager
(the “Project Manager”) for each area of service listed on Schedule III hereto (and other categories, as may be agreed by the Parties). The Project Managers shall (a) represent and act for their respective Party for
matters related to the applicable Service, and (b) meet and/or confer on a regular basis (at mutually agreed times and locations) to review the activities under this Agreement and to discuss the status and progress of such activities. Either
Party may designate a different individual as its lead representative with respect to the Transition Services or the Reverse Transition Services at any time by delivering prior written notice to the other Party. Service Provider shall promptly
notify Service Recipient of any reassignments or changes in contact information of the Project Manager or other key personnel identified in the Schedules hereto. No Project Manager or lead representative for a Party shall have any authority to amend
this Agreement. 
 14.2 Dispute Resolution. The Parties shall use good faith efforts to resolve any controversy or claim arising out
of this Agreement, the interpretation of any of the provisions hereof, or the actions of the Parties hereunder. In the event of a breach of this Agreement, or a dispute as to the meaning of this Agreement or any of its terms which the Parties cannot
resolve by themselves amicably, the following provisions shall apply (which provisions shall be in addition to, and not a limitation of, the Parties’ remedies under Section 6, 12 or 19.6): 

(a) All disputes or issues arising hereunder shall first be referred to the applicable Project Managers for resolution. In the
event any such dispute or issue is not resolved in a timely manner, such matter shall be referred to senior management representatives, with appropriate decision making authority for prompt resolution of the matter. If still not resolved, the issue
shall be escalated to Service Recipient’s lead representative and Service Provider’s lead representative for resolution. The names and contact information for each of Service Recipient’s and Service Provider’s lead representative
with regard to an issue or dispute arising out of or relating to the Transition Services and Reverse Transition Services shall be set forth on Schedule III hereto. 

  
 17 

 (b) If the Parties are unable to resolve such dispute within sixty
(60) days following the commencement of negotiations pursuant to Section 14.2(a), then such dispute shall be resolved in accordance with the dispute resolution procedures set forth in Article VII of the Separation and Distribution
Agreement. 
 (c) This Section 14.2 shall apply without prejudice to any Party’s right to seek remedies
under Section 6, 12 or 19.6 to which such Party may be entitled at any time. 
  

	15.	 RECORDS 

15.1 Retention of Records. During the Transition Period, Service Provider shall retain, in accordance with the policies of Parent as in
effect at the Effective Time or such other policies as may be adopted by Parent after the Effective Time (provided that Parent notifies SpinCo in writing of any such change), all Information with respect to matters relating to the Services
provided to Service Recipient hereunder that are in a form and contain a level of detail substantially consistent with the records maintained by Service Provider in providing similar services to the SpinCo Business or the Parent Business, as
applicable, prior to the Distribution Date. As promptly as practicable following the expiration of the applicable Term (or earlier termination) of any Service, Service Provider shall use its commercially reasonable efforts to furnish to Service
Recipient the Information belonging to Service Recipient and relating to such Service as clearly identified by Service Recipient at Service Recipient’s own expense, unless Service Recipient reasonably requests that Service Provider retain such
Information. Upon delivery of any such Information to Service Recipient, Service Provider shall have no further obligations to Service Recipient with respect to such Information. If reasonably requested by Service Recipient to retain any such
Information, Service Provider shall, at Service Recipient’s sole cost, retain such Information in accordance with the first sentence of this Section 15.1, provided that Service Provider shall have no obligation to retain such
Information for more than three (3) years following the expiration of the applicable Term (or earlier termination) of such Service related to such retained Information. Thereafter, Service Provider may dispose of such Information after
providing Service Recipient reasonable notice and opportunity to take possession of such Information at Service Recipient’s own expense. Service Provider shall be obligated to provide Tangible Information only in the form, condition and format
in which it then exists, and in no event shall Service Provider be required to perform any improvement, modification, conversion, updating or reformatting of any such Tangible Information. 

15.2 Property of Service Recipient. The Service Recipient Data shall be and shall remain the property of Service Recipient and, to the
extent reasonably practicable, shall be promptly provided to Service Recipient by Service Provider upon Service Recipient’s request. The Service Provider shall use Service Recipient Data solely to provide the Services to Service Recipient as
set forth herein and for no other purpose whatsoever. 
 15.3 Retention by Service Provider. Notwithstanding anything herein to the
contrary and subject to Section 11, Service Provider may retain copies of the Information and Service Recipient Data in accordance with policies and procedures implemented by Service Provider in order to comply with applicable Law,
professional standards or reasonable business practice, including document retention policies as in effect from time to time and in accordance with past practices. 

  
 18 

	16.	 ASSIGNMENT AND DELEGATION 

This Agreement and all of the provisions hereof shall be binding upon and shall inure to the benefit of the Parties hereto and their respective
successors and permitted assigns. Except as set forth in Section 2.10, neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned or delegated, directly or indirectly, in whole or in part,
including by operation of law, by any Party hereto without the prior written consent of the other Party hereto, which consent shall not be unreasonably withheld; provided, however, that either Party may assign this Agreement to any of
its Affiliates without the consent of the other Party or delegate its rights or obligations hereunder, in whole or in part, to any of its Affiliates; provided, further, that SpinCo may assign any or all of its rights or interests under
this Agreement without the consent of Parent (a) to any Person providing debt financing under the SpinCo Financing Arrangements pursuant to the terms thereof for purposes of creating a security interest herein or otherwise assign as collateral
in respect of such debt financing or (b) in connection with a Change of Control of a Party 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 assignment by any Party shall relieve such Party of any of its obligations hereunder; provided, that to the extent full performance or payment is made in full by
an Affiliate or Affiliates of Service Provider or Service Recipient with respect to an obligation of Service Provider or Service Recipient, as applicable, hereunder, such obligation shall be in full satisfaction of such obligation of such Person
hereunder. 
  

	17.	 NOTICES 

Other than for routine communications with respect to operational matters under this Agreement, the procedures specified in Section 10.5
of the Separation and Distribution Agreement shall apply with respect to all notices, requests, claims, demands and other communications under this Agreement. 
  

	18.	 SURVIVAL 

The Parties’ rights and obligations under Sections 3, 6, 7, 11 and 15 through 19 shall survive
expiration or termination of this Agreement. 
  

	19.	 GENERAL PROVISIONS 

19.1 Severability. If any provision of this Agreement or the application of any such provision to any Person or circumstance shall be
determined by a court of competent jurisdiction to be invalid, unenforceable or void, the remaining provisions hereof or thereof, 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. Upon such determination, the Parties shall negotiate in good faith in an effort to agree upon such a
suitable and equitable provision to effect the original intent of the Parties. 

  
 19 

 19.2 Counterparts. 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 of the Parties hereto or the parties thereto, respectively, and delivered to the other Party hereto or parties
thereto, respectively. Delivery of an executed counterpart of a signature page to this Agreement (whether executed by manual, stamp or mechanical signature) by facsimile or by email portable document format (PDF) shall be as effective as delivery of
a manually executed counterpart of this Agreement. 
 19.3 Entire Agreement. This Agreement, together with the other Transaction
Agreements, shall constitute the entire agreement between the Parties with respect to the subject matter hereof and shall 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 other than those set forth or referred to herein or therein. In the case of any conflict between the terms of this Agreement and the terms of any other
Transaction Agreement regarding the subject matter hereof, the terms of this Agreement shall control. In the case of any ambiguity between the terms and condition of the main body of this Agreement and a Schedule to this Agreement, the terms and
conditions of the main body of this Agreement shall control. 
 19.4 Amendments; Waivers. No provisions of this shall be deemed
waived, amended, supplemented or modified by a Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of the Party against whom it is sought to enforce such waiver, amendment,
supplement or modification. No failure or delay by either Party in exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of
any other right hereunder. 
 19.5 No Third Party Beneficiaries. The provisions of this Agreement are solely for the benefit of the
Parties hereto and parties thereto, respectively, and are not intended to confer upon any other Person any rights or remedies hereunder. Except with regard to and as provided in Section 6, no Person shall be deemed a Third Party
beneficiary under this Agreement. 
 19.6 Specific Performance. Notwithstanding anything to the contrary contained herein or in any
other Transaction Agreement, in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the Party hereto, who is, or is to be, thereby aggrieved will have the right to specific
performance and injunctive or other equitable relief in respect of its rights under this Agreement, in addition to all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative. The Parties agree that the
remedies at law for any breach or threatened breach, 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 waived. Any requirements
for the securing or posting of any bond with such remedy are waived by each of the Parties to this Agreement. 

  
 20 

 19.7 Waiver of Jury Trial. EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH
OF THE PARTIES HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 19.7. 

19.8 Jurisdiction; Service of Process. each of the Parties hereto hereby irrevocably and unconditionally submits, for itself and its
property, to the exclusive jurisdiction of the Court of Chancery of the State of Delaware, or, if (and only if) such court finds it lacks subject matter jurisdiction, the Federal court of the United States of America sitting in Delaware, and
appellate courts thereof, in any action or proceeding arising out of or relating to this Agreement for recognition or enforcement of any judgment relating hereto, and each of the Parties hereby irrevocably and unconditionally (i) agrees not to
commence any such action or proceeding except in the Court of Chancery of the State of Delaware, or, if (and only if) such court finds it lacks subject matter jurisdiction, the Federal court of the United States of America sitting in Delaware, and
appellate courts thereof, (ii) agrees that any claim in respect of any such action or proceeding may be heard and determined in the Court of Chancery of the State of Delaware, or, if (and only if) such court finds it lacks subject matter
jurisdiction, the Federal court of the United States of America sitting in Delaware, and appellate courts thereof, (iii) waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the
laying of venue of any such action or proceeding in such courts and (iv) waives, to the fullest extent permitted by Law, the defense of an inconvenient forum to the maintenance of such action or proceeding in such courts. The Parties hereby
agree that mailing of process or other papers in connection with any such action or proceeding in the manner provided in Section 17, or in such other manner as may be permitted by Law, shall be valid and sufficient service thereof and
hereby waive any objections to service accomplished in the manner herein provided. 

  
 21 

 19.9 Governing Law. This Agreement (and any claims or disputes arising out of or
related hereto or thereto or to the transactions contemplated hereby and thereby or to the inducement of any party to enter herein and therein, whether for breach of contract, tortious conduct or otherwise and whether predicated on common law,
statute or otherwise) and all issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement (and all Schedules hereto) shall be governed by, and construed in accordance with, the Laws of the State of
Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) including all matters of validity, construction, effect, enforceability, performance and
remedies. 
 19.10 Local Agreements. Each of the Parties recognizes and agrees that it may be necessary or desirable to separately
document certain matters relating to the Services provided hereunder in various jurisdictions from time to time or to otherwise modify the scope or nature of such Services, in each case to the extent necessary to comply with applicable Law. If such
an agreement or modification of any of the Services is required by applicable Law, or if the applicable Parties mutually determine entry into such an agreement or modification of Services would be desirable, in each case in order for Service
Provider or its Subsidiaries to provide any of the Services in a particular jurisdiction, Service Provider and Service Recipient shall, or shall cause their applicable Subsidiaries to, to enter into local implementing agreements (as each may be
amended and in effect from time to time, each a “Local Agreement”) in form and content reasonably acceptable to the applicable Parties; provided, that the execution or performance of any such Local Agreement shall in no way
alter or modify any term or condition of this Agreement or the effect of any such term or condition, except to the extent expressly specified in such Local Agreement. Except as used in this Section 19.10, any references herein to this
Agreement and the Services to be provided hereunder, shall include any Local Agreement and any local services to be provided thereunder. Except as expressly set forth in any Local Agreement, in the event of a conflict between the terms contained in
a Local Agreement and the terms contained in this Agreement (including the applicable Schedules), the terms in this Agreement shall take precedence. 

[SIGNATURES ON THE FOLLOWING PAGE] 

  
 22 

 IN WITNESS WHEREOF, the Parties have caused this Transition Services Agreement to be
executed and delivered by their duly authorized representatives as of the date first above written. 
  

			
	INTERNATIONAL PAPER COMPANY
		
	By:	 	 /s/ Keith Townsend

	Name: Keith Townsend
	Title: VP Strategic Initiatives
	
	SYLVAMO CORPORATION
		
	By:	 	 /s/ John Sims

	Name: John Sims
	Title: Senior Vice President & Chief Financial OfficerEX-10.2

 Exhibit 10.2 

EXECUTION VERSION 

PRIVILEGED & CONFIDENTIAL 
  

 
 TAX MATTERS AGREEMENT 

INTERNATIONAL PAPER COMPANY 
 AND

 SYLVAMO CORPORATION 
 DATED
AS OF SEPTEMBER 30, 2021 
  
  

 TABLE OF CONTENTS 

 

							
	 ARTICLE I
	  

	 DEFINITIONS
	  

	
	 ARTICLE II
	  

	 ALLOCATION OF TAX LIABILITIES
	  

			
	 2.1
	 	General Rule	  	 	10	 
	 2.2
	 	Ordinary Taxes	  	 	10	 
	 2.3
	 	Scheduled Tax Allocations.	  	 	10	 
	 2.4
	 	Employment Taxes	  	 	10	 
	 2.5
	 	Certain Transaction and Other Taxes	  	 	10	 
	
	 ARTICLE III
	  

	 CLOSING OF TAXABLE YEARS
	  

			
	 3.1
	 	Closing of Taxable Years	  	 	12	 
	
	 ARTICLE IV
	  

	 PREPARATION AND FILING OF TAX RETURNS
	  

			
	 4.1
	 	Responsibility of Preparing Tax Returns	  	 	12	 
	 4.2
	 	Tax Accounting Practices	  	 	13	 
	 4.3
	 	Carrybacks and Claims for Refund	  	 	14	 
	 4.4
	 	Allocation of Earnings and Profits and Tax Attributes	  	 	14	 
	 4.5
	 	Transfer Pricing	  	 	15	 
	
	 ARTICLE V
	  

	 TAX PAYMENTS
	  

	 5.1
	 	Filing of Tax Returns and Payment of Taxes	  	 	15	 
	 5.2
	 	Indemnification Payments	  	 	16	 
	
	 ARTICLE VI
	  

	 TAX BENEFITS
	  

			
	 6.1
	 	Tax Benefits	  	 	16	 
	
	 ARTICLE VII
	  

	 INTENDED TAX TREATMENT
	  

			
	 7.1
	 	Representations	  	 	18	 
	 7.2
	 	Restrictions on SpinCo	  	 	19	 
	 7.3
	 	Restrictions on Parent	  	 	21	 
	 7.4
	 	Procedures Regarding Opinions and Rulings	  	 	21	 
	 7.5
	 	Liability for Tax Related Losses	  	 	23	 

  
 i 

							
	 ARTICLE VIII
	  

	 PROCEDURAL MATTERS
	  

			
	 8.1
	 	Cooperation	  	 	25	 
	 8.2
	 	Interest	  	 	26	 
	 8.3
	 	Treatment of Payments; Tax Gross Up	  	 	26	 
	 8.4
	 	Dispute Resolution	  	 	27	 
	
	 ARTICLE IX
	  

	 TAX CONTESTS
	  

			
	 9.1
	 	Tax Contests	  	 	28	 
	 9.2
	 	Expenses and Applicability	  	 	30	 
	
	 ARTICLE X
	  

	 MISCELLANEOUS
	  

			
	 10.1
	 	Effective Date; Termination of Prior Intercompany Tax Allocation Agreements	  	 	30	 
	 10.2
	 	Coordination of Agreements	  	 	30	 
	 10.3
	 	Counterparts; Entire Agreement; Corporate Power	  	 	30	 
	 10.4
	 	Governing Law; Waiver of Jury Trial	  	 	31	 
	 10.5
	 	Assignability	  	 	32	 
	 10.6
	 	Third-Party Beneficiaries	  	 	32	 
	 10.7
	 	Notices	  	 	33	 
	 10.8
	 	Severability	  	 	34	 
	 10.9
	 	Force Majeure	  	 	34	 
	 10.10
	 	Headings	  	 	34	 
	 10.11
	 	Survival	  	 	34	 
	 10.12
	 	Waivers of Default	  	 	34	 
	 10.13
	 	Specific Performance	  	 	34	 
	 10.14
	 	Amendments	  	 	35	 
	 10.15
	 	Interpretation	  	 	35	 
	 10.16
	 	Limitations of Liability	  	 	35	 
	 10.17
	 	Performance	  	 	35	 
	 10.19
	 	Mutual Drafting	  	 	36	 

  
 ii 

 TAX MATTERS AGREEMENT 

This Tax Matters Agreement, dated as of September 30, 2021 (this “Agreement”), is by and between, International Paper
Company, a New York corporation (“Parent”), and Sylvamo Corporation, a Delaware corporation (“SpinCo”). 

RECITALS 
 WHEREAS, Parent and
SpinCo have entered into a Separation and Distribution Agreement, dated as of the date hereof (as it may be amended from time to time, the “Separation and Distribution Agreement”), providing for the separation of the SpinCo Business
from the Parent Business (the “Separation”) and, following the Separation, for the distribution, on a pro rata basis, to holders of Parent Shares on the Record Date of eighty and one tenth of a percent (80.1%) of the outstanding
SpinCo Shares owned by Parent (the “Distribution”); 
 WHEREAS, Parent plans to dispose of the SpinCo Shares that it
retains following the Distribution through sales of shares for cash; 
 WHEREAS, pursuant to the Separation and Distribution Agreement,
among other things, Parent will contribute the SpinCo Assets and the SpinCo Liabilities to SpinCo in exchange for (i) the actual or deemed issuance by SpinCo to Parent of SpinCo Shares and (ii) the distribution by SpinCo to
Parent of the Cash Transfer (the “Contribution”); 
 WHEREAS, for U.S. federal income tax purposes, it is intended that
each of the Contribution and the Distribution, taken together, and the Internal Distributions (as defined below) qualify as a transaction that is tax-free under Sections 355(a) and 368(a)(1)(D) of the
Code; 
 WHEREAS, as of the date hereof, Parent is the common parent of an affiliated group of domestic corporations, including SpinCo, that
has elected to file consolidated U.S. federal Income Tax Returns and, as a result of the Distribution, neither SpinCo nor any of its Affiliates will be a member of such group after the close of the Distribution Date; and 

WHEREAS, in contemplation of the Separation and Distribution, Parent and SpinCo desire to set forth their agreement on the rights and
obligations of Parent and SpinCo and their respective Affiliates with respect to the responsibility, handling and allocation of federal, state, local and non-U.S. Taxes, and various other Tax matters; 

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained in this Agreement, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as set forth herein. 

 ARTICLE I 

DEFINITIONS 
 For purposes
of this Agreement (including the recitals hereof), the following terms have the following meaning, and capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings assigned to them in the Separation and
Distribution Agreement: 
 “Accounting Firm” has the meaning set forth in Section 8.4. 

“Active Trade or Business” means the active conduct (as defined in Section 355(b)(2) of the Code and the Treasury
Regulations thereunder) by Parent or SpinCo, as applicable, and its “separate affiliated group” (as defined in Section 355(b)(3)(B) of the Code) of the trade or business(es) relied upon to satisfy Section 355(b) of the Code with
respect to the Distribution (as described in the IRS Ruling Request and the Representation Letters), as conducted immediately prior to the Distribution. 

“Adjustment Request” 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 (a) any amended Tax Return claiming adjustment to the Taxes as reported on the Tax Return or, if applicable, as previously adjusted, (b) any claim for
equitable recoupment or other offset, and (c) any claim for refund or credit of Taxes previously paid. 

“Agreement” has the meaning set forth in the Preamble. 

“Ancillary Agreements” has the meaning set forth in the Separation and Distribution Agreement, provided that, for
purposes of this Agreement, “Ancillary Agreements” shall not include the Intellectual Property Agreements, the Commercial Agreements or the Leases (as each term is defined in the Separation and Distribution Agreement). 

“Capital Stock” means, with respect to any Party, all classes or series of capital stock of such Party, including
(a) common stock, (b) all options, warrants and other rights to acquire such capital stock and (c) all instruments properly treated as stock in such Party for U.S. federal income tax purposes. 

“CFO Certificate” has the meaning set forth in Section 7.2(d). 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Combined Return” means any Tax Return that actually includes, by election or otherwise, one or more members of the Parent
Group together with one or more members of the SpinCo Group, including (a) any consolidated, combined or unitary Tax Return, and (b) any Tax Return with respect to any profit and/or loss sharing group, group payment or
similar group or fiscal unit. 
 “Distribution” has the meaning set forth in the Recitals. 

  
 2 

 “Distribution Date” means the date of the consummation of the Distribution,
which shall be determined by the Parent Board in its sole and absolute discretion. 
 “Employee Matters Agreement” means
the Employee Matters Agreement entered into by and between Parent and SpinCo or members of their respective Groups in connection with the Separation, the Distribution or the other transactions contemplated by the Separation and Distribution
Agreement, as it may be amended from time to time. 
 “Employment Taxes” means (i) any Tax, the liability or
responsibility for which is allocated pursuant to Section 2.6 of the Employee Matters Agreement and (ii) any employment, payroll, social security, disability, unemployment, workers’ compensation or other similar Taxes, tax withholding
or similar obligations in respect of Transferred Employees (as defined in the Employee Matters Agreement) employed in jurisdictions outside of the United States, the liability or responsibility for which is allocated pursuant to any agreement
entered into in connection with the Separation outside of the United States. 
 “Fifty-Percent or Greater Interest” has the
meaning ascribed to such term for purposes of Sections 355(d) and (e) of the Code. 
 “Final Determination” means the
final resolution of liability for any Tax, which resolution may be for a specific issue or adjustment or for a Tax Period, (a) 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 non-U.S. 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 applicable Tax Authority to assert a further deficiency in respect of such issue or adjustment or for such Tax Period (as the case may be); (b) by a decision, judgment, decree, or other order by a court of competent jurisdiction,
which has become final and unappealable; (c) 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
non-U.S. taxing jurisdiction; (d) by any allowance of a refund or credit in respect of an overpayment of Tax, but only after the expiration of all Tax Periods during which such refund may be
recovered (including by way of offset) by the jurisdiction imposing such Tax; (e) by a final settlement resulting from a treaty-based competent authority determination; or (f) by any other final disposition, including by
reason of the expiration of the applicable statute of limitations or by mutual agreement of the parties. 
 “Group” means
either the SpinCo Group or the Parent Group, as the context requires. 
 “Income Tax” means any Tax which is based upon,
measured by, or calculated with respect to income, capital, net receipts or net worth and any other franchise or similar Taxes. 

“Income Tax Return” means any Tax Return relating to Income Taxes. 

“Indemnifying Party” means a Party that has an obligation to make an Indemnity Payment. 

  
 3 

 “Indemnitee” means a Party that is entitled to receive an Indemnity
Payment. 
 “Indemnity Payment” means an indemnity payment required by this Agreement from an Indemnifying Party in respect
of any Liability. 
 “Intended Tax Treatment” means (a) the Contribution and the Distribution, the Internal
Distributions and the Internal Contributions effected as part of the Separation will qualify for Tax-Free Status and (b) the Non-U.S. Separation Transactions
will qualify in accordance with the treatment set forth in the applicable Tax Opinion/Ruling. 
 “Internal Contribution”
means any internal separation of the SpinCo Assets and SpinCo Liabilities from the Parent Assets and Parent Liabilities (a) held by certain subsidiaries of Parent and (b) in a transaction intended to qualify, for U.S. federal
income Tax purposes, as a contribution that is generally tax-free pursuant to Section 351(a) of the Code. 

“Internal Distribution” means any internal separation of the SpinCo Assets and SpinCo Liabilities from the Parent Assets and
Parent Liabilities (a) held by certain subsidiaries of Parent and (b) in a transaction intended to qualify, for U.S. federal income Tax purposes, as a distribution that is generally
tax-free pursuant to Section 355(a) (or Sections 355(a) and 368(a)(1)(D)) of the Code). 

“IRS” means the U.S. Internal Revenue Service. 

“IRS Ruling Request” means the request for private letter rulings filed by Parent on February 16, 2021 with the IRS
(including all attachments, exhibits, and other materials submitted with such ruling request and any amendments or supplemental submissions related thereto). 

“Liability Event” has the meaning set forth in Section 7.5(c). 

“Non-U.S. Separation Transaction” shall mean each of (a) the transfer of
certain assets and employees by International Paper Polska Sp. z o.o to Sylvamo Polska Sp. Zo.o in a partial demerger, in exchange for the issuance of shares of Sylvamo Polska Sp. Zo.o to International Paper (Poland) Holding sp. z. o.o. and
(b) the transfer of certain assets and employees by IP Belgian Services Company SPRL to International Paper Benelux SRL in a partial demerger in exchange for the issuance of membership interests of International Paper Benelux SRL to
International Paper Investments (Luxembourg) S.à.r.l. 
 “Notified Action” has the meaning set forth in
Section 7.4(a). 
 “Ordinary Taxes” means any Taxes other than Taxes described in Sections
2.3, 2.4 or 2.5. 
 “Parent” has the meaning set forth in the Preamble. 

  
 4 

 “Parent Affiliated Group” means the affiliated group (as such term is
defined in Section 1504 of the Code and the Treasury Regulations thereunder) of which Parent is the common parent. 
 “Parent
Federal Consolidated Income Tax Return” means any U.S. federal Income Tax Return for the Parent Affiliated Group. 

“Parent Final Determination Adjustment” has the meaning set forth in Section 6.1(b). 

“Parent Group” means Parent and each Subsidiary of Parent (other than SpinCo and any other member of the SpinCo Group). 

“Parent Non-Qualified Liabilities” means the “Parent Non-Qualified Pension Plan Liabilities” and the “Parent Non-Qualified Savings Plan Liabilities”, as each term is defined in the Employee Matters Agreement. 

“Parent Non-U.S. Combined Income Tax Return” means any consolidated, combined or
unitary or other similar Tax Return with respect to non-U.S. Income Taxes or any non-U.S. Income Tax Return with respect to any profit and/or loss sharing group, group
payment or similar group or fiscal unity that actually includes, by election or otherwise, one or more members of the Parent Group together with one or more members of the SpinCo Group. 

“Parent Separate Return” means any Tax Return of or including any member of the Parent Group (including any consolidated,
combined or unitary return) that is not a Combined Return. 
 “Parent State Combined Income Tax Returns” means any
consolidated, combined or unitary Tax Return with respect to state Income Taxes that actually includes, by election or otherwise, one or more members of the Parent Group and one or more members of the SpinCo Group. 

“Past Practices” has the meaning set forth in Section 4.2(a). 

“Parties” means the parties to this Agreement. 

“Person” 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 entity 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. 
 “Plan of Reorganization” means the plan of reorganization (within the meaning of Treasury Regulations
Section 1.368-2(g)) that includes the Separation and the Distribution. 

  
 5 

 “Post-Distribution Tax Opinion” means an unqualified “will”
opinion of a Tax Advisor, which Tax Advisor is reasonably acceptable to Parent, on which Parent may rely to the effect that a transaction will not affect the applicable Intended Tax Treatment, provided that any such opinion obtained in
connection with a proposed acquisition of SpinCo’s Capital Stock or the Capital Stock of any entity that was a “controlled corporation” in any Internal Distribution entered into on or before the
two-year anniversary of the Distribution Date shall not qualify as a Post-Distribution Tax Opinion unless such opinion also 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 or any Internal Distribution. Any such opinion must be consistent
with the assumption that the Transactions would have qualified for the applicable Intended Tax Treatment if the transaction in question did not occur. 

“Post-Distribution Tax Period” means any Tax Period beginning after the Distribution Date, and, in the case of any Straddle
Period, the portion of such Straddle Period beginning the day after the Distribution Date. 

“Pre-Distribution Tax Period” 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 the Distribution Date 

“Prime Rate” means the rate that Bloomberg displays as “Prime Rate by Country United States” or “Prime Rate by
Country US-BB Comp” at http://www.bloomberg.com/quote/PRIME:IND or on a Bloomberg terminal at PRIMBB Index. 

“Proposed Acquisition Transaction” 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 Regulation Section 1.355-7, or any other regulations promulgated thereunder, to enter into a transaction or series of transactions), as a result of which SpinCo
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 and/or one or more holders of outstanding shares of SpinCo’s Capital
Stock, a number of shares of such Capital Stock that would, when combined with any other changes in ownership of such SpinCo’s Capital Stock pertinent for purposes of Section 355(e) of the Code, including for the avoidance of doubt, the
Retention and the Subsequent Sale Transactions, comprise 45% or more of (a) the value of all outstanding shares of 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, or (b) 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 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 Regulation 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 is intended to monitor compliance with Section 355(e) of the Code and shall be interpreted 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. 

  
 6 

 “Records” has the meaning set forth in
Section 8.1(a)(i). 
 “Refund Recipient” has the meaning set forth in
Section 6.1(a). 
 “Representation Letters” means the representation letters and any other
materials (including a Ruling Request and any related supplemental submissions to the IRS or other Tax Authority) delivered or deliverable by or on behalf of Parent, SpinCo and others to a Tax Advisor (or Tax Authority) in connection with the
issuance by such Tax Advisor (or Tax Authority) of a Tax Opinion/Ruling, as amended prior to the issuance of such Tax Opinion/Ruling. 

“Retained Stock” means the outstanding SpinCo Shares, up to 19.9% of the aggregate outstanding SpinCo Shares, that Parent may
retain after the Distribution. 
 “Retention” means Parent’s retention of the Retained Stock after the Distribution.

 “Ruling Request” means any letter filed by Parent with the IRS or any other Tax Authority requesting a ruling (including
the IRS Ruling Request) regarding certain Tax consequences of the Transactions (including all attachments, exhibits, and other materials submitted with such ruling request letter) and any amendment or supplement to such ruling request letter. 

“Section 7.2(d) Transaction” means 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 30% instead of 45%. 

“Separate Affiliated Group” has the meaning set forth in Section 355(b)(3)(B) of the Code. 

“Separation” has the meaning set forth in the Recitals. 

“Separation and Distribution Agreement” has the meaning set forth in the Recitals. 

“SpinCo” has the meaning set forth in the Preamble. 

“SpinCo Group” means SpinCo and each Person that is a Subsidiary of SpinCo, as determined immediately after the Distribution.

 “SpinCo Separate Return” means any Tax Return of or including any member of the SpinCo Group (including any
consolidated, combined or unitary return) that is not a Combined Return. 

  
 7 

 “Subsequent Sale Transactions” means Parent’s sales of Retained Stock
to third parties no later than five years after the Distribution. 
 “Tax” or “Taxes” means any federal,
state, local or non-U.S. income, alternative minimum, accumulated earnings, capital gains, net receipts, personal holding company, franchise, capital stock, profits, windfall profits, gross receipts, escheat,
unclaimed property, sales, use, value-added, transfer, registration, stamp, premium, excise, customs duties, severance, environmental, real property, personal property, ad valorem, occupancy, license, occupation, employment, payroll, social
security, disability, unemployment, workers’ compensation, withholding, estimated or other similar tax, duty, fee, assessment or other governmental charge or deficiencies thereof (including all interest and penalties thereon and additions
thereto). 
 “Tax Advisor” means any law or accounting firm that is nationally recognized as being expert in tax matters.

 “Tax Attribute” means a net operating loss, earnings and profits, net capital loss, overall foreign loss, unused
investment credit, unused foreign tax credit, excess charitable contribution, alternative minimum tax credit, general business credit, research and development credit or any other Tax Item that could reduce a Tax or create a Tax Benefit. 

“Tax Authority” 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. 
 “Tax Benefit” means
any reduction in liability for Tax as a result of any loss, deduction, refund, credit, or other item reducing Taxes otherwise payable. 

“Tax Contest” means an audit, review, examination, or any other administrative or judicial proceeding with the purpose or
effect of determining or redetermining any Tax (including any administrative or judicial review of any claim for refund). 
 “Tax-Free Status” means, with respect to the Contribution and the Distribution taken together (but excluding, for the avoidance of doubt, the Subsequent Sale Transactions) and each Internal Distribution and
Internal Contribution, the qualification thereof (a) other than with respect to the Internal Contributions, as a reorganization described in Sections 355(a) and 368(a)(1)(D) of the Code, (b) with respect to the Internal
Contributions, as a contribution described in Section 351 of the Code, (c) other than with respect to the Internal Contributions, as a transaction in which the stock distributed thereby is “qualified property” for purposes
of Sections 355(c)(2) and 361(c)(2) of the Code, (d) a transaction in which Parent, SpinCo and the members of their respective Groups (as relevant) recognize no income or gain for U.S. federal income tax purposes pursuant to Sections
355, 361, and 1032 of the Code or, in the case of the Internal Contributions, Section 351 of the Code, other than, (i) income or gain recognized pursuant to 367(a), 367(b) and/or Section 1248 of the Code and the Treasury
Regulations promulgated under such provisions (assuming, for this purpose, that any available elections to avoid the recognition of income or gain for U.S. federal Income Tax purposes under such provisions have been duly and timely made),
(ii) intercompany items or excess loss accounts taken into account pursuant to the Treasury Regulations promulgated pursuant to Section 1502 of the Code, (iii) in the case of Parent, income or gain in connection with
Subsequent Sale Transactions and (iv) in the case of shareholders of Parent, any receipt of cash in lieu of fractional shares. 

  
 8 

 “Tax Item” means, with respect to any Income Tax, any item of income, gain,
loss, deduction or credit. 
 “Tax Law” means the law of any governmental entity or political subdivision thereof relating
to any Tax. 
 “Tax Opinions/Rulings” means each opinion of a Tax Advisor or ruling by the IRS or another Tax Authority
delivered or issued to Parent or any of its subsidiaries in connection with, and regarding the tax treatment of the Contribution and Distribution, any Internal Distribution, Internal Contribution or any
Non-U.S. Separation Transaction. 
 “Tax Period” means, with respect to any Tax,
the period for which the Tax is reported as provided under the Code or other applicable Tax Law. 

“Tax-Related Losses” means (a) all Taxes imposed pursuant to any
settlement, Final Determination, judgment or otherwise (including Taxes required to be reflected on any Tax Return prepared in accordance with Section 4.2(b)), (b) all accounting, legal and other professional fees,
and court costs, incurred in connection with such Taxes and (c) all costs, expenses and damages associated with stockholder litigation or controversies and any amount paid by Parent (or any Affiliate of Parent) or SpinCo (or any
Affiliate of SpinCo) 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 the Transactions to have the Intended Tax Treatment. 

“Tax Return” means any federal, state, local or non-U.S. tax return, declaration,
statement, report, schedule, form or information return or any amendment to any of the foregoing relating to Taxes. 
 “Tax Return
Preparer” means (a) with respect to any Tax Return that Parent is responsible for preparing under Section 4.1(a), Parent and (b) with respect to any Tax Return that SpinCo is responsible for
preparing under Section 4.1(b), SpinCo. 
 “Transactions” means the Contribution and Distribution
and the other transactions contemplated by the Separation and Distribution Agreement (including the Internal Distributions, the Internal Contributions, the Non-U.S. Separation Transactions and other
transactions contemplated by the Plan of Reorganization). 
 “Transaction Tax Contest” means a Tax Contest with the purpose
or effect of determining or redetermining Taxes that could give rise to Tax-Related Losses. 

“Treasury Regulations” means the regulations prescribed under the Code. 

  
 9 

 ARTICLE II 

ALLOCATION OF TAX LIABILITIES 

2.1 General Rule. 

(a) Parent Liability. Parent shall be liable for, and shall indemnify and hold harmless the SpinCo Group from and
against any liability for, Taxes that are allocated to Parent under this Article II. 
 (b) SpinCo
Liability. SpinCo shall be liable for, and shall indemnify and hold harmless the Parent Group from and against any liability for, Taxes which are allocated to SpinCo under this Article II. 

2.2 Ordinary Taxes. Subject to Section 2.3, all Ordinary Taxes of the Parent Group and SpinCo Group shall be
allocated as follows: 
 (a) Parent Liability. Parent shall be responsible for any and all Ordinary Taxes imposed on
or payable by a member of the Parent Group for any Tax Period (including Ordinary Taxes due or required to be reported on any Combined Return that is required to be filed by any member of the Parent Group), including any increase in such Tax as a
result of a Final Determination. For the avoidance of doubt, Parent shall be responsible for the amount of any installment payment that is required to be paid by Parent pursuant to Section 965(h) of the Code (including any increase in such
amount as a result of a Final Determination). 
 (b) SpinCo Liability. SpinCo shall be responsible for any and all
Ordinary Taxes imposed on or payable by a member of the SpinCo Group for any Tax Period, (other than Ordinary Taxes due or required to be reported on a Combined Return for which Parent is responsible under Section 2.2(a)), including any
increase in such Tax as a result of a Final Determination. 
 2.3 Scheduled Tax Allocations. Notwithstanding anything to the contrary
herein, all Taxes arising out of the matters described in Schedule 2.3 shall be allocated as described in Schedule 2.3. 
 2.4
Employment Taxes. The Parties acknowledge and agree that this Agreement, including Article II, shall not apply with respect to any and all Employment Taxes, for which the Employee Matters Agreement shall govern. 

2.5 Certain Transaction and Other Taxes. 

(a) SpinCo Liability. SpinCo shall be responsible for, and shall indemnify and hold harmless the Parent Group from and
against any liability for: 
 (i) any stamp, sales and use, gross receipts, real property transfer or gains, or other
transfer Taxes imposed by any Tax Authority on any member of the SpinCo Group (if such member is primarily liable for such Tax) on the transfers occurring pursuant to the Transactions; 

  
 10 

 (ii) any value-added or goods and services Tax imposed by any Tax Authority
on any member of the SpinCo Group (if such member is primarily liable for such Tax) on the transfers occurring pursuant to the Transactions; 

(iii) any Tax (other than Tax-Related Losses) resulting from a breach by any member of
the SpinCo Group of any covenant in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement; and 

(iv) any Tax-Related Losses for which SpinCo is responsible pursuant to
Section 7.5. 
 The amounts for which SpinCo is liable pursuant to Section 2.5(a)(i),
(ii), and (iii) shall include all accounting, legal, and other professional fees and court costs incurred in connection with the relevant Taxes and in connection with enforcing this indemnity. 

(b) Parent Liability. Parent shall be responsible for, and shall indemnify and hold harmless the SpinCo Group from and
against any liability for: 
 (i) any stamp, sales and use, gross receipts, real property transfer or gains, or other
transfer Taxes imposed by any Tax Authority on any member of the Parent Group (if such member is primarily liable for such Tax) on the transfers occurring pursuant to the Transactions; 

(ii) any value-added or goods and services Tax imposed by any Tax Authority on any member of the Parent Group (if such member
is primarily liable for such Tax) on the transfers occurring pursuant to the Transactions; 
 (iii) any Tax (other than Tax-Related Losses) resulting from a breach by any member of the Parent Group of any covenant in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement; and 

(iv) any Tax-Related Losses for which Parent is responsible pursuant to
Section 7.5. 
 The amounts for which Parent is liable pursuant to Section 2.5(b)(i),
(ii), and (iii) shall include all accounting, legal, and other professional fees and court costs incurred in connection with the relevant Taxes and in connection with enforcing this indemnity. 

  
 11 

 ARTICLE III 

CLOSING OF TAXABLE YEARS 

3.1 Closing of Taxable Years. For U.S. federal income tax purposes, the Parties acknowledge and agree that the Tax Period of each member
of the SpinCo Group that joined in the filing of the Parent Federal Consolidated Income Tax Return will close as of the end of the Distribution Date. Parent and SpinCo shall take all commercially reasonable actions necessary or appropriate to close
the taxable year of each member of the SpinCo Group for any material U.S. state Tax purposes as of the end of the Distribution Date to the extent permitted by applicable Law; provided, for the avoidance of doubt, that (a) SpinCo
shall not and shall not permit any member of the SpinCo Group to take any action that would change any Tax Period of a non-U.S. member of the SpinCo Group that begins before the end of the Distribution Date
and (b) this Section 3.1(a) shall not be construed to require any member of the Parent Group, or to require Parent to cause any member of the SpinCo Group, to change any of its Tax Periods. Notwithstanding
anything in this Section 3.1 to the contrary, if Parent determines to elect, or cause an election to be made, under Treasury Regulation Section 1.245A-5(e)(3)(i) to close the
taxable year of any non-U.S. member of the SpinCo Group as of the Distribution Date or any prior date on which an extraordinary reduction transaction occurs as defined under Treasury Regulation Section 1.245A-5(e)(2)(i), SpinCo shall, and shall cause any relevant member of the SpinCo Group to, cooperate with Parent in the making of such election and shall take any action reasonably requested by Parent
or that is otherwise necessary to give effect to such election (e.g., entering into a binding agreement as per Treasury Regulation Section 1.245A-5(e)(3)(i)(C)(2)). Moreover, if an election is made
under Treasury Regulation Section 1.245A-5(e)(3)(i) to close the U.S. taxable year of any non-U.S. member of the SpinCo Group and such non-U.S. member’s taxable year under non-U.S. law does not close as a result of the election, Parent shall be responsible for determining the allocation of taxable income
(determined under non-U.S. law), under the principles of Treasury Regulation Section 1.1502-76(b), between the portion of the
non-U.S. taxable year that ends with, and the portion of the non-U.S. taxable year that begins after, the date on which such
non-U.S. member’s U.S. taxable year closes as a result of the election under Treasury Regulation Section 1.245A-5(e)(3)(i), which allocation shall have the
effect of determining the amount of non-U.S. Taxes paid or accrued that are allocated to such periods solely for U.S. Tax purposes. 

ARTICLE IV 
 PREPARATION
AND FILING OF TAX RETURNS 
 4.1 Responsibility of Preparing Tax Returns. 

(a) Parent’s Responsibility. Parent shall timely prepare any Combined Returns or Parent Separate
Returns, including any Adjustment Request with respect thereto. 
 (b) SpinCo’s Responsibility.
SpinCo shall timely prepare any SpinCo Separate Returns, including any Adjustment Request with respect thereto. 
 (c)
Right to Review Tax Returns. The Tax Return Preparer with respect to any Tax Return shall make such Tax Return (or the relevant portions thereof) and related workpapers available for review by the other Party to the extent
(i) such Tax Return relates to Taxes for which the requesting party is or could reasonably be expected to be liable, (ii) the requesting party would reasonably be expected to be liable in whole or in part for any additional
Taxes owing as a result of material adjustments to the amount of Taxes reported on such Tax Return, (iii) such Tax Return relates to Taxes for which the 

  
 12 

 
requesting party would reasonably be expected to have a claim for material Tax Benefits under this Agreement or (iv) reasonably necessary for the requesting party to confirm
compliance with the terms of this Agreement, provided, however, that notwithstanding anything in this Agreement to the contrary, Parent shall not be required to make any Parent Federal Consolidated Income Tax Return available for
review by any member of the SpinCo Group. The Tax Return Preparer shall provide a draft of any such Tax Return to the other Party for its review and comment at least 30 days prior to the due date for filing of such Tax Return (with extensions), or
in the case of any such Tax Return filed on a monthly basis or property Tax Return, at least five Business Days prior to the due date for filing of such Tax Return (with extensions). Parent and SpinCo shall attempt in good faith to resolve any
material disagreement arising out of the review of such Tax Return and, failing such resolution, any material disagreement shall be resolved in accordance with the provisions of Section 8.4 as promptly as practicable,
provided, however, (x) nothing in this Section 4.1(c) or Section 8.4 shall prevent SpinCo or Parent, respectively, from timely filing a Tax Return (with extensions) and
(y) if a payment is made to a Tax Authority in connection with the filing of a Tax Return during the pendency of a disagreement described in this sentence, the Parties shall make any further payments necessary to reflect the ultimate
resolution of such disagreement within ten Business Days of such resolution. 
 (d) Execution of Returns Prepared by Other
Party. In the case of any Tax Return which is required to be prepared and filed by one Party under this Agreement and which is required by law to be signed by the other Party (or by its authorized representative), the Party which is legally
required to sign such Tax Return shall not be required to sign such Tax Return under this Agreement if there is no reasonable basis for the Tax treatment of any item reported on the Tax Return. 

4.2 Tax Accounting Practices. 

(a) General Rule. Except as otherwise provided in Section 4.2(b), with respect to any Tax
Return that SpinCo has the obligation and right to prepare and file, or cause to be prepared and filed, under Section 4.1, for any Pre-Distribution Tax Period or any Straddle Period
(or any Tax Period beginning after the Distribution Date to the extent items reported on such Tax Return could reasonably be expected to affect items reported on any Tax Return that Parent has the obligation or right to prepare and file for any Pre-Distribution Period or any Straddle Period), such Tax Return shall be prepared in accordance with past practices, accounting methods, elections or conventions (“Past Practices”) used with
respect to the Tax Returns in question (unless there is no reasonable basis for the use of such Past Practices or unless there is no adverse effect to Parent), and, to the extent any items are not covered by Past Practices (or in the event that
there is no reasonable basis for the use of such Past Practices or there is no adverse effect to Parent), in accordance with reasonable Tax accounting practices selected by SpinCo. Except as otherwise provided in
Section 4.2(b), Parent shall prepare any Tax Return which it has the obligation and right to prepare and file, or cause to be prepared and filed, under Section 4.1, in accordance with reasonable
Tax accounting practices selected by Parent. 

  
 13 

 (b) Reporting of Transactions. Except to the extent otherwise
required (i) by a change in applicable law or (ii) as a result of a Final Determination, (x) neither Parent nor SpinCo shall (and shall not permit or cause any member of its respective Group to) take any position
that is inconsistent with the treatment of the Contribution and Distribution, taken together, any Internal Distribution, any Internal Contribution or any Non-U.S. Separation Transaction, in each case, as
having the Intended Tax Treatment and (y) neither Parent nor SpinCo shall (and shall not permit or cause any member of its respective Group to) take any position with respect to any material item of income, deduction, gain, loss, or
credit on a Tax Return, or otherwise treat such item in a manner that is inconsistent with the manner such item is reported on a Tax Return with respect to a Pre-Distribution Tax Period, if such other Party is
or would reasonably be expected to be liable, in whole or in part, for any related increase in Tax liability resulting from a Final Determination (including the claiming of a deduction previously claimed on any such Tax Return or a change in
transfer pricing methodology which is different from what was utilized by Parent and SpinCo prior to the Distribution). 

(c) Combined Returns. SpinCo will elect and join, and will cause its respective Affiliates to elect and join, in
filing the Parent Federal Consolidated Income Tax Return and any Parent State Combined Income Tax Returns, Parent Non-U.S. Combined Income Tax Returns or any other Combined Returns that Parent determines are
required to be filed or that Parent chooses to file pursuant to Section 4.1(a). With respect to any Pre-Distribution Tax Period, SpinCo will elect and join, and will cause its
respective Affiliates to elect and join, in filing consolidated, unitary, combined, or other similar Tax Returns, to the extent each entity is eligible to join in such Tax Returns, if Parent reasonably determines that the filing of such Tax Returns
is consistent with past reporting practices, or, in the absence of applicable past practices, will result in the minimization of the net present value of the aggregate Tax to the entities eligible to join in such Tax Returns. 

4.3 Carrybacks and Claims for Refund. SpinCo hereby agrees that if a Tax Return of a member of the SpinCo Group for a Post-Distribution
Tax Period reflects any Tax Attribute, then no Adjustment Request with respect to any Combined Return shall be filed and the applicable member of the SpinCo Group shall elect to relinquish, waive or otherwise forgo the right to carry back any such
Tax Attribute to a Pre-Distribution Tax Period to the extent permissible under applicable Law. If, notwithstanding the preceding sentence, SpinCo is required to carryback a Tax Attribute under applicable Law,
then SpinCo shall notify Parent in writing that such Tax Attribute must be carried back, which notification shall include a description in reasonable detail of the basis for any Tax Benefit and the amount thereof, including supporting analysis that
the Tax treatment of such Tax Attribute is correct. 
 4.4 Allocation of Tax Attributes. All Tax Attributes determined on a
consolidated or combined basis for Pre-Distribution Tax Periods shall be allocated to the Parent Group and SpinCo Group in accordance with the Code and the Treasury Regulations (and any applicable state,
local, or non-U.S. law or regulation). Parent shall reasonably determine the amounts and proper allocation of such Tax Attributes as of the Distribution Date and shall provide written notice of the calculation
thereof to SpinCo as soon as reasonably practicable after 

  
 14 

 
Parent or its designee prepares such calculation. Such determination and allocation shall not be subject to dispute resolution. Parent and SpinCo agree to compute their Tax liabilities for
Post-Distribution Tax Periods consistent with such determination and allocation. Notwithstanding anything in this Agreement to the contrary, Parent shall not be liable to SpinCo or any member of the SpinCo Group for any failure of
(a) any determination under this Section 4.4 to be accurate or sustained under applicable Law, including as the result of any Final Determination or (b) any Tax Attribute (including tax basis) to be
available, in whole or in part, for any Tax Period. The allocations made under this Section 4.4 shall be revised by Parent to reflect any subsequent Final Determination that affects any Tax Attributes determined on a
consolidated or combined basis for Pre-Distribution Tax Periods. 
 4.5 Transfer Pricing. If,
as the result of any Final Determination relating to intercompany transfer pricing with respect to any item or items reflected on any Income Tax Return of a member of the Parent Group or the SpinCo Group for a
Pre-Distribution Date Tax Period, there is an increase in Income Taxes payable for such Tax Period by any member of the Parent Group or SpinCo Group, then, upon the reasonable written request of, and at the
expense of, the relevant member, the other members, as relevant, shall (and shall cause their respective Affiliates to) amend any Tax Returns of any member of such Parent Group or SpinCo Group, as applicable, to the extent such amendment would
result in a corresponding or correlative reduction in Taxes otherwise payable by a member of such other Group and shall promptly pay over any Tax Benefit actually realized in cash as a result of such amendment (determined on a “with or
without” basis); provided, however, that no Party (or any Affiliates of any Party) shall (a) have any obligation to amend any Tax Return pursuant to this Section 4.5 to the extent doing so
would have an adverse effect on such Party or any of its Affiliates that is material, (b) be obligated to amend any Tax Return unless the amount of such Tax Benefit realized in cash exceeds $500,000 or (c) be obligated to
make a payment otherwise required pursuant to this Section 4.5 to the extent making such payment would place such Party (or any of its Affiliates) in a less favorable net after-Tax
position than such Party (or such Affiliate) would have been in if the relevant Tax Benefit had not been realized. If a Party or one of its Affiliates pays over any amount pursuant to the preceding sentence and such Tax Benefit is subsequently
disallowed or adjusted, the Parties shall promptly make appropriate payments (including in respect of any interest paid or imposed by any Tax Authority) to reflect such disallowance or adjustment. 

ARTICLE V 
 TAX PAYMENTS

 5.1 Filing of Tax Returns and Payment of Taxes. Subject to Section 5.2, each Party shall
execute and timely file each Tax Return that it is responsible for filing under applicable Law and shall timely pay to the relevant Taxing Authority any amount shown as due on each such Tax Return. In the case of any adjustment pursuant to a Final
Determination with respect to any Tax Return, the Party that is responsible for filing such Tax Return under applicable Law shall pay to the applicable Tax Authority when due (taking into account any automatic or validly elected extensions, deferral
or postponements), any additional Tax due with respect to such Tax Return required to be paid as a result of such adjustment pursuant to a Final Determination. 

  
 15 

 5.2 Indemnification Payments. 

(a) Claims for Indemnification. Except as provided in Article IX, an Indemnitee shall be entitled to make
a claim for payment with respect to Taxes (or Tax-Related Losses) under this Agreement only after such Indemnitee is required under applicable Tax Law to pay to a Tax Authority a Tax for which the Indemnifying
Party would liable, in whole or in part, under this Agreement (including, for the avoidance of doubt, any administrative or judicial deposit required to be paid by to a Tax Authority or other Governmental Authority to pursue any Tax Contest, to the
extent the Indemnifying Party would be liable under this Agreement for any Tax resulting from such Tax Contest). The Indemnitee shall provide to the Indemnifying Party notice of such claim within 30 Business Days of the first date on which it so
becomes entitled to make such claim (which, for the avoidance of doubt shall not be prior to the due date for payment of such Tax to the applicable Tax Authority, taking into account any automatic or validly elected extensions, deferrals or
postponements). Such notice shall include evidence of payment, a description of such claim and a detailed calculation of the amount claimed. A failure by an Indemnitee to give notice as provided in this Section 5.2(a) 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. However, a failure by Indemnitee to give the notice
required by this Agreement shall extend the Indemnifying Party’s time for payment, without application of interest, until conforming notice is provided. 

(b) Timing for Indemnification Payments. The Indemnifying Party shall make the claimed payment to the Indemnitee within
30 Business Days after receiving such notice, unless the Indemnifying Party reasonably disputes its liability for, or the amount of, such payment. 

(c) Payment Recipients. All indemnification payments under this Agreement shall be made by Parent directly to SpinCo or
by SpinCo directly to Parent, as applicable; provided, however, that if the Parties mutually agree with respect to any such indemnification payment, (i) any member of the Parent Group, on the one hand, may make such
indemnification payment to any member of the relevant SpinCo Group, on the other hand and (ii) any member of the SpinCo Group, on the one hand, may make such indemnification payment to any member of the Parent Group, on the other hand.

 ARTICLE VI 
 TAX
BENEFITS 
 6.1 Tax Benefits. 

(a) Refunds Generally. Subject to Section 4.3, if Parent, SpinCo or any of their respective
Affiliates receives any refund of any Taxes for which the other Party is liable hereunder (a “Refund Recipient”), such Refund Recipient shall pay to the other Party the entire amount of the refund (including interest received from
the relevant Tax Authority, but net of any Taxes imposed with respect to such refund and any other 

  
 16 

 
reasonable costs) within 30 Business Days of receipt thereof; provided, however, that the other Party, upon the request of such Refund Recipient, shall repay the amount paid to the
other Party (plus any penalties, interest or other charges imposed by the relevant Tax Authority) in the event such Refund Recipient is required by applicable law to repay such refund. In the event a Party would be a Refund Recipient but for the
fact it elected to apply a refund to which it would otherwise have been entitled against a Tax liability arising in a subsequent Tax Period, then such Party shall be treated as a Refund Recipient and the economic benefit of so applying the refund
shall be treated as a refund for purposes of this Section 6.1. 
 (b) Adjustment Tax Benefits.
If a member of the SpinCo Group actually realizes in cash any Tax Benefit exceeding $500,000 as a result of an adjustment pursuant to a Final Determination that increases Taxes for which a member of the Parent Group is liable hereunder (or
reduces any Tax Attribute of a member of the Parent Group) (a “Parent Final Determination Adjustment”) and such Tax Benefit would not have arisen but for such adjustment (determined on a “with and without” basis), or if a
member of the Parent Group actually realizes in cash any Tax Benefit exceeding $500,000 as a result of an adjustment pursuant to a Final Determination that increases Taxes for which a member of the SpinCo Group is liable hereunder (or reduces any
Tax Attribute of a member of the SpinCo Group) and such Tax Benefit would not have arisen but for such adjustment (determined on a “with and without” basis), SpinCo or Parent, as the case may be, shall make a payment to either Parent or
SpinCo, as appropriate, within 30 days following such actual realization of the Tax Benefit, in an amount equal to such Tax Benefit actually realized in cash exceeding $500,000 , provided, however, that no Party (or any Affiliates of
any Party) shall be obligated to make a payment otherwise required pursuant to this Section 6.1(b) to the extent making such payment would place such Party (or any of its Affiliates) in a less favorable net after-Tax position than such Party (or such Affiliate) would have been in if the relevant Tax Benefit had not been realized. If a Party or one of its Affiliates pays over any amount pursuant to the preceding
sentence and such Tax Benefit is subsequently disallowed or adjusted, the Parties shall promptly make appropriate payments (including in respect of any interest paid or imposed by any Tax Authority) to reflect such disallowance or adjustment. In the
case of a Parent Final Determination Adjustment, then, upon the written request of and at the expense of Parent, SpinCo shall (and, if applicable, shall cause the relevant member of the SpinCo Group to) amend any Tax Return thereof to the extent
such amendment would result in a corresponding or correlative Tax Benefit (which shall include any step-up in tax basis). 

(c) Timing for Tax Benefit Payments. No later than 30 days after a Tax Benefit described in
Section 6.1(b) is actually realized in cash by a member of the Parent Group or a member of the SpinCo Group, Parent (if a member of the Parent Group actually realizes such Tax Benefit) or SpinCo (if a member of the SpinCo
Group actually realizes such Tax Benefit) shall provide the other Party with a written calculation of the amount payable to such other Party by Parent or SpinCo pursuant to this Section 6.1. In the event that Parent or
SpinCo disagrees with any such calculation described in this Section 6.1(c), Parent or SpinCo shall so notify the other Party in writing within 30 days of receiving the written calculation set forth above in this
Section 6.1(c). Parent and SpinCo shall endeavor in good faith to resolve such disagreement, and, failing that, the amount payable under this Section 6.1 shall be determined in accordance with the
disagreement resolution provisions of Section 8.4 as promptly as practicable. 

  
 17 

 (d) SpinCo Carryback Refunds. SpinCo shall be entitled to any refund
that is attributable to, and would not have arisen but for, a carryback by SpinCo pursuant to Section 4.3, provided, however, 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 carryback, including the loss or postponement of any benefit from the use of Tax Attributes generated by a member of the Parent Group or an Affiliate thereof if
(i) such Tax Attributes expire unutilized, but would have been utilized but for such 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 utilized but for such carryback. Any such payment of such refund made by Parent to SpinCo pursuant to this Section 6.1(d) shall be recalculated in light of any Final Determination (or any other facts that may
arise or come to light after such payment is made, such as a carryback of a Parent Group Tax Attribute to a Tax Period in respect of which such refund is received) that would affect the amount to which SpinCo is entitled, and an appropriate
adjusting payment shall be made by SpinCo to Parent such that the aggregate amounts paid pursuant to this Section 6.1(d) equals such recalculated amount. 

ARTICLE VII 
 INTENDED
TAX TREATMENT 
 7.1 Representations. 

(a) Each of SpinCo and Parent hereby represents and warrants that (i) it has reviewed the Representation Letters
and (ii) subject to any qualifications therein, all information, representations and covenants contained in such Representation Letters that concern or relate to such Party or any member of its Group are true, correct and complete. 

(b) SpinCo hereby represents and warrants that it has no plan or intention to take any action or to fail to take any action (or
to cause or permit any member of the SpinCo Group to take or fail to take any action), in each case, from and after the Distribution Date, that could reasonably be expected to cause any representation or statement made in this Agreement, the
Separation and Distribution Agreement, the Representation Letters, the Tax Opinions/Rulings or any of the Ancillary Agreements to be untrue. 

(c) SpinCo hereby represents and warrants that, during the period beginning two years before the date of the consummation of
the Internal Distributions and ending on the Distribution Date, there was no “agreement,” “understanding,” “arrangement,” “substantial negotiations” or “discussions” (as such terms are defined in
Treasury Regulations Section 1.355-7(h)) by any one or more officers or directors of any member of the SpinCo Group or by any other person or persons with the implicit or explicit permission of one or more of such officers or directors
regarding an acquisition, directly or indirectly, of all or a significant portion of SpinCo’s Capital Stock (or any predecessor); provided, however, that no representation is made regarding any “agreement,”
“understanding,” “arrangement,” “substantial negotiations” or “discussions” (as such terms are defined in Treasury Regulations Section 1.355-7(h)) by any one or more officers or directors of Parent. 

  
 18 

 7.2 Restrictions on SpinCo. 

(a) SpinCo agrees that it will not take or fail to take, or permit any member of the SpinCo Group to take or fail to take, any
action where such action or failure to act would be inconsistent with or cause to be untrue any material, information, covenant or representation in this Agreement, the Separation and Distribution Agreement, any of the Ancillary Agreements, the
Representation Letters or the Tax Opinions/Rulings. SpinCo agrees that it will not take or fail to take, or permit any member of the SpinCo Group to take or fail to take, any action that jeopardizes or is reasonably likely to jeopardize the Intended
Tax Treatment. 
 (b) During the two-year period following the Distribution Date,
(i) SpinCo, directly or indirectly through one or more members of SpinCo’s Separate Affiliated Group, shall continue the Active Trade or Business and (ii) SpinCo shall not engage in any transaction that would result in
it ceasing to be engaged in such Active Trade or Business for purposes of Section 355(b)(2) of the Code. SpinCo further agrees that, from the date hereof until the two-year period following the date of
the consummation of the Internal Distributions, SpinCo will cause each member of the SpinCo Group that was a “controlled corporation” (within the meaning of Section 355(b) of the Code) in any Internal Distribution (and such
member’s Separate Affiliated Group) (x) to directly or indirectly through one or more members of SpinCo’s Separate Affiliated Group continue the active trade or business used by such member to satisfy Section 355(b) of the
Code with respect to the relevant Internal Distribution (as described in the Tax Opinions/Ruling), as conducted immediately prior to the relevant Internal Distribution and (y) not engage in any transaction that would result in such
member ceasing to be engaged in such active trade or business for purposes of Section 355(b)(2) of the Code. 
 (c)
SpinCo agrees that, from the date hereof until the first day after the two-year anniversary of the Distribution Date, it shall not (and shall not cause or permit any of its Affiliates to), in a single
transaction or series of transactions: 
 (i) enter into any Proposed Acquisition Transaction or, to the extent SpinCo has
the right to prohibit any Proposed Acquisition Transaction, permit any Proposed Acquisition Transaction to occur (whether by (1) redeeming rights under a shareholder rights plan, (2) finding a tender offer to be a
“permitted offer” under any such plan or otherwise causing any such plan to be inapplicable or neutralized with respect to any Proposed Acquisition Transaction, or (3) approving any Proposed Acquisition Transaction, whether for
purposes of Section 203 of the DGCL or any similar corporate statute, any “fair price” or other provision of SpinCo’s charter or bylaws or otherwise); 

  
 19 

 (ii) liquidate or partially liquidate, merge or consolidate with any other
Person (whether that other Person or such Affiliate is the survivor); 
 (iii) subject to Schedule 7.2(c)(iii),
(1) sell or transfer (other than sales or transfers of inventory in the ordinary course of business) all or substantially all of the assets that were transferred to SpinCo as part of the Separation or (2) sell or transfer (or
cause or permit to be transferred) 30% or more of the gross assets of the Active Trade or Business or 30% or more of the consolidated gross assets of SpinCo and its Affiliates; 

(iv) redeem or otherwise repurchase (directly or through an Affiliate) any of SpinCo’s Capital Stock, or rights to acquire
SpinCo’s Capital 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); 

(v) amend its certificate of incorporation (or other organizational documents), or take any other action, whether through a
stockholder vote or otherwise, affecting the voting rights of SpinCo’s Capital Stock (including through the conversion of one class of SpinCo’s Capital Stock into another class of SpinCo’s Capital Stock); 

(vi) take any other action or actions (including any action or transaction that would be reasonably likely to be inconsistent
with any representation made in the Representation Letters, any Ruling Request or any Tax Opinions/Rulings) that, in the aggregate (and taking into account any other transactions described in this subparagraph (c)) would be reasonably likely to have
the effect of causing or permitting one or more persons (whether or not acting in concert) to acquire directly or indirectly Capital Stock representing a Fifty-Percent or Greater Interest in SpinCo or otherwise jeopardize the Intended Tax Treatment;
or 
 (vii) cause or permit any member of the SpinCo Group that was a “controlled corporation” (within the meaning
of Section 355(b) of the Code) in any Internal Distribution to take any action or enter into any transaction described in the preceding clauses (ii), (iii), (iv), (v) or (vi) (substituting references therein to “SpinCo”, the
“Separation,” “Active Trade or Business” and “SpinCo’s Capital Stock” with references to the relevant corporation, the transfer of assets to such corporation pursuant to the Transactions, the active conduct of the
trade or business relied upon with respect to such Internal Distribution (as described in the relevant Representation Letters, and/or relevant Tax Opinion/Ruling) for purposes of Section 355(b)(2) of the Code, and the Capital Stock of such
corporation), 
 unless, in each case, prior to taking any such action set forth in the foregoing clauses (i) through (vii), (A)
SpinCo shall have requested that Parent obtain a Ruling in accordance with Section 7.4 of this Agreement to the effect that such transaction will not negatively affect the applicable Intended Tax Treatment and Parent shall
have received such a Ruling in form and substance reasonably satisfactory to Parent in its discretion, which discretion shall be exercised in good faith solely to preserve the Intended Tax Treatment (and, in determining whether a Ruling is
satisfactory, Parent may consider, among other factors, the appropriateness of any underlying 

  
 20 

 
assumptions and management’s representations made in connection with such Ruling), (B) SpinCo shall provide Parent with a Post-Distribution Tax Opinion in form and substance
reasonably satisfactory to Parent in its discretion, which discretion shall be exercised in good faith solely to preserve the Intended Tax Treatment (and in determining whether a Post-Distribution Tax Opinion is satisfactory, Parent may consider,
among other factors, the appropriateness of any underlying assumptions and management’s representations made in connection with such Post-Distribution Tax Opinion) or (C) Parent shall have waived the requirement to obtain such
Ruling or Post-Distribution Tax Opinion. 
 (d) If SpinCo proposes to enter into any Section 7.2(d) Acquisition
Transaction or, to the extent SpinCo has the right to prohibit (or cause to be prohibited) any Section 7.2(d) Acquisition Transaction, SpinCo proposes to permit any Section 7.2(d) Acquisition Transaction to occur, in each case, during the
period from the date hereof until the first day after the two-year anniversary of the Distribution Date, SpinCo shall provide Parent, no later than 10 Business Days following the signing of any written
agreement with respect to the Section 7.2(d) Acquisition Transaction, with a written description of such transaction (including the type and amount of SpinCo’s Capital Stock to be issued in such transaction) and a certificate of the Chief
Financial Officer of SpinCo to the effect that the Section 7.2(d) Acquisition Transaction is not a Proposed Acquisition Transaction or any other transaction to which the requirements of Section 7.2(c) apply (a
“CFO Certificate”). 
 7.3 Restrictions on Parent. Parent agrees that it will not take or fail to take, or permit any
member of the Parent Group to take or fail to take, any action where such action or failure to act would be inconsistent with or cause to be untrue any material, information, covenant or representation in this Agreement, the Separation and
Distribution Agreement, any of the Ancillary Agreements, the Representation Letters or the Tax Opinions/Rulings. Parent agrees that it will not take or fail to take, or permit any member of the Parent Group to take or fail to take, any action that
jeopardizes or is reasonably likely to jeopardize the Intended Tax Treatment, provided, however, that this Section 7.3 shall not be construed as obligating Parent to consummate the Distribution and shall not be construed as
preventing Parent from terminating the Separation and Distribution Agreement pursuant to the terms of the Separation and Distribution Agreement. 

7.4 Procedures Regarding Opinions and Rulings. 

(a) If SpinCo notifies Parent that it desires to take one of the actions described in clauses (i) through (vii) of
Section 7.2(c) (a “Notified Action”), Parent and SpinCo shall reasonably cooperate to attempt to obtain the Ruling or Post-Distribution Tax Opinion referred to in Section 7.2(c),
unless Parent shall have waived the requirement to obtain such Ruling or Post-Distribution Tax Opinion. SpinCo shall reimburse Parent for all reasonable costs and expenses incurred by the Parent Group in obtaining any such Ruling or
Post-Distribution Tax Opinion within 10 Business Days after receiving an invoice from Parent therefor. 

  
 21 

 (b) Parent agrees that at the reasonable request of SpinCo pursuant to
Section 7.2(c), Parent shall cooperate with SpinCo and use its reasonable efforts to seek to obtain or assist in obtaining, as expeditiously as reasonably practicable, a Ruling from the IRS or other applicable Tax Authority
or a Post-Distribution Tax Opinion for the purpose of permitting SpinCo to take the Notified Action. Further, in no event shall Parent be required to file any Ruling Request under this Section 7.4(b) unless SpinCo
represents that (i) it has read the Ruling Request, and (ii) all information and representations, if any, relating to any member of the SpinCo Group, contained in the Ruling Request documents are (subject to any
qualifications therein) true, correct and complete. SpinCo shall reimburse Parent for all reasonable costs and expenses incurred by the Parent Group in obtaining a Ruling or Post-Distribution Tax Opinion requested by SpinCo within 10 Business Days
after receiving an invoice from Parent therefor. 
 (c) Parent shall have the right to obtain a Ruling or a Post-Distribution
Tax Opinion at any time in its sole and absolute discretion. If Parent determines to obtain a Ruling or a Post-Distribution 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 Ruling or Post-Distribution Tax Opinion (including by making any representation or covenant or providing any materials or information requested by the IRS or a Tax Advisor);
provided that SpinCo shall not be required to make (or cause any Affiliate of SpinCo to make) any representation that is untrue or to provide (or cause any Affiliate of SpinCo to provide) any covenant as to future matters or events over which
it has no control. Parent and SpinCo shall each bear its own costs and expenses in obtaining a Ruling or a Post-Distribution Tax Opinion requested by Parent. 

(d) SpinCo hereby agrees that Parent shall have sole and exclusive control over the process of obtaining any Ruling described
in Section 7.2, and that only Parent shall apply for a Ruling. In connection with obtaining a Ruling pursuant to Section 7.4(b), (i) Parent shall keep SpinCo informed in a timely manner of
all material actions taken or proposed to be taken by Parent in connection therewith; (ii) Parent shall (A) reasonably in advance of the submission of any Ruling Request documents provide SpinCo with a draft copy thereof,
(B) reasonably consider SpinCo’s comments on such draft copy and (C) provide SpinCo with a final copy; and (iii) Parent shall provide SpinCo with notice reasonably in advance of, and SpinCo shall have the
right to attend, any formally scheduled meetings with the IRS (subject to the approval of the IRS) that relate to such Ruling. Neither SpinCo nor any Affiliates of SpinCo shall seek any guidance from the IRS or any other Tax Authority (whether
written, verbal or otherwise) at any time concerning the tax consequences of the Transactions. 

  
 22 

 7.5 Liability for Tax-Related Losses. 

(a) Notwithstanding anything in this Agreement or the Separation and Distribution Agreement to the contrary, subject to
Section 7.5(c), SpinCo shall be responsible for, and shall indemnify and hold harmless Parent and each of its Affiliates and each of their respective officers, directors and employees from and against, 100% of any Tax-Related Losses that are attributable to or result from any one or more of the following: (i) the acquisition (other than pursuant to the Transactions) of all or a portion of the Capital Stock and/or
assets of SpinCo and/or its subsidiaries by any means whatsoever by any Person, (ii) any “agreement,” “understanding,” “arrangement,” “substantial negotiations” or “discussions” (as such
terms are defined in Treasury Regulations Section 1.355-7(h)) by any one or more officers or directors of any member of the SpinCo Group or by any person or persons with the implicit or explicit
permission of one or more of such officers or directors with respect to transactions or events (including stock issuances, pursuant to the exercise of stock options or otherwise, option grants, capital contributions or acquisitions, or a series of
such transactions or events) that cause the Contribution and Distribution or any Internal Distributions to be treated as part of a plan pursuant to which one or more Persons acquire directly or indirectly SpinCo’s Capital Stock or any member of
the SpinCo Group that was a “controlled corporation” (within the meaning of Section 355(b) of the Code) in any Internal Distribution, in each case representing a Fifty-Percent or Greater Interest therein, (iii) any action
or failure to act by SpinCo or a member of the SpinCo Group after the Contribution and Distribution (including any amendment to SpinCo’s certificate of incorporation (or other organizational documents), whether through a stockholder vote or
otherwise) affecting the voting rights of SpinCo’s Capital Stock (including through the conversion of one class of SpinCo’s Capital Stock into another class of SpinCo’s Capital Stock), (iv) any act or failure to act by SpinCo
or any Affiliate of SpinCo described in Section 7.2 (regardless of whether such act or failure to act is covered by a Ruling, Post-Distribution Tax Opinion or waiver described in clause (A), (B) or (C) of
Section 7.2(c)) or (v) any breach by SpinCo of its agreement and representation set forth in Section 7.1. 

(b) Notwithstanding anything in this Agreement or the Separation and Distribution Agreement to the contrary, subject to
Section 7.5(c), Parent shall be responsible for, and shall indemnify and hold harmless SpinCo and its Affiliates and each of their respective officers, directors and employees from and against, 100% of any Tax-Related Losses that are attributable to, or result from any one or more of the following: (i) the acquisition (other than pursuant to the Transactions) of all or a portion of the Capital Stock and/or
assets of Parent and/or its subsidiaries by any means whatsoever by any Person, (ii) any “agreement,” “understanding,” “arrangement,” “substantial negotiations” or “discussions” (as such
terms are defined in Treasury Regulations Section 1.355-7(h)) by any one or more officers or directors of any member of the Parent Group or by any person or persons with the implicit or explicit
permission of one or more of such officers or directors with respect to transactions or events (including stock issuances, pursuant to the exercise of stock options or otherwise, option grants, capital contributions or acquisitions, or a series of
such transactions or events) that cause the Contribution and Distribution or any Internal Distribution to be treated as part of a plan pursuant to which one or more Persons acquire directly or indirectly Capital Stock of Parent or any member of the
Parent Group that was a “distributing corporation” or a “controlled corporation” (within the meaning of Section 355(b) of the Code) in any Internal Distribution representing a Fifty-Percent or Greater Interest therein or
(iii) any act or failure to act by Parent or any Affiliate of Parent described in Section 7.3. 

  
 23 

 (c) To the extent that any
Tax-Related Loss is subject to indemnity under both Section 7.5(a) and Section 7.5(b) responsibility for such
Tax-Related Loss shall be shared by Parent and SpinCo, as applicable, according to relative fault. The relative fault of Parent and SpinCo shall be determined by reference to, among other things, the
Parties’ relative intent, knowledge, access to information and opportunity to correct or prevent the applicable act, failure to act, statement or omission that is the basis for the Tax-Related Loss (the
“Liability Event”), and whether the Liability Event occurred because of one Party’s reasonable reliance on the other. 

(d) Notwithstanding anything in Sections 7.5(b) or 7.5(c) to the contrary, SpinCo shall be responsible
for, and shall indemnify and hold harmless Parent and its Affiliates and each of their respective officers, directors and employees from and against, 100% of (i) any Tax-Related Losses resulting
from the application of Section 355(e) or Section 355(f) of the Code (other than as a result of an acquisition of a Fifty-Percent or Greater Interest in Parent or any member of the Parent Group) and (ii) any other Tax-Related Losses, in each case resulting (for the absence of doubt, in whole or in part) from an acquisition after the Contribution and Distribution of any Capital Stock or assets of SpinCo or any Affiliate of
SpinCo by any means whatsoever by any Person or any action or failure to act by SpinCo affecting the voting rights of SpinCo’s Capital Stock or the Capital Stock of any Affiliate of SpinCo. 

7.6 Section 336(e) Election. If Parent determines, in its sole discretion, that a protective election under Section 336(e) of the
Code (a “Section 336(e) Election”) shall be made with respect to the Distribution (or any Internal Distribution), SpinCo shall (and shall cause any relevant member of the SpinCo Group to) join with Parent (or any
relevant member of the Parent Group) in the making of such election and shall take any action reasonably requested by Parent or that is otherwise necessary to give effect to such election (including making any other related election). If a
Section 336(e) Election is made with respect to the Distribution (or any Internal Distribution), then this Agreement shall be amended in such a manner as is determined by Parent in good faith to take into account such Section 336(e)
Election, including by requiring that, in the event (a) the Contribution and the Distribution (or any Internal Distribution) fails to have Tax-Free Status and (b) a Party that does not
have exclusive responsibility pursuant to this Agreement for Tax-Related Losses arising from such failure actually realizes in cash a Tax Benefit from the step-up in Tax
basis resulting from the Section 336(e) Election, such Party shall pay over to the Party that has exclusive responsibility pursuant to this Agreement for such Tax-Related Losses any such Tax Benefits
realized (provided that, if such Tax-Related Losses are Taxes for which more than one Party is liable under Section 7.5(c), the Party that actually realizes in cash the Tax
Benefit resulting from the relevant Section 336(e) Election shall pay over to each the other Party the percentage of any such Tax Benefits realized that corresponds to each such Party’s percentage share of such Taxes). 

  
 24 

 ARTICLE VIII 

PROCEDURAL MATTERS 
 8.1
Cooperation. 
 (a) Each Party shall cooperate with reasonable requests from the other Party in matters covered by
this Agreement, including in connection with the preparation and filing of Tax Returns, determining the liability for and amount of any Taxes or the right to and amount of any refunds of Taxes, the determination of the proper financial accounting
treatment of Tax Items, the conduct and settlement of Tax Contests, mitigating or reducing the amount of losses (or potential losses) arising from potential indemnity claims hereunder, and waivers of legal requirements under this Agreement, in each
case without prejudice to any Party’s rights under this Agreement. Such cooperation shall include, but is not limited to: 

(i) retaining until the expiration of the relevant statute of limitations (including extensions) plus one year, any and all
records, documents, accounting data, computer data, actuarial data, investment data and other information “Records”) necessary for the preparation, filing, review, audit or defense of all Tax Returns relevant to an obligation, right
or liability of either Party under this Agreement; 
 (ii) providing the other Party reasonable access to Records (in the
format reasonably determined by the other Party) and to its personnel, including employees and agents of the Parties or their respective affiliates (ensuring their cooperation and reasonable assistance), and premises during normal business hours to
the extent relevant to an obligation, right or liability of the other Party under this Agreement or otherwise reasonably required by the other Party to complete Tax Returns, comply with audit requirements, participate in any audit or examination of
Tax Returns or to compute the amount of any payment contemplated by this Agreement; and 
 (iii) after the period of time
described in Section 8.1(a)(i) has expired, notifying the other Party prior to disposing of any Records and affording the other Party the opportunity to take possession or make copies of such Records at its discretion and
at its own cost and expense. 
 (b) Additionally, each Party shall (and shall cause its Affiliates to) provide to the other
Party with such cooperation, information and assistance reasonably requested by the other Party in connection with: 
 (i)
preparing and filing any Tax Return described in Section 4.1(a) or (b); 
 (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) timely responding to any Tax Contest; 

  
 25 

 (iv) obtaining an opinion from an outside Tax Advisor with respect to
matters described in (i), (ii) and (iii) above; and 
 (v) timely complying with auditor requests with respect to
matters (i), (ii) and (iii) above. 
 Any such request shall be fulfilled as soon as practicable after receipt of a written notice
describing the information required and, with respect to any request pursuant to Section 8.1(b)(i), no later than 60 days prior to the due date for filing such Tax Return (with extensions), or in the case of any such Tax
Return filed on a monthly basis or property Tax Return, at least 10 Business Days prior to the due date for such Tax Return. 

(c) Any information or documents provided under this Section 8.1 shall be kept confidential by the Party or Parties
receiving the information or documents, except as may otherwise be necessary in connection with the filing of Tax Returns or in connection with any Tax Contest. Notwithstanding any other provision of this Agreement, the Separation and Distribution
Agreement or any other Ancillary Agreement, in no event shall either Party be required to provide the other Party or any of its respective Affiliates or their respective representatives access to or copies of any information or documents if such
action could reasonably be expected to be commercially detrimental, violate any law or obligation to a third party or result in the waiver of any privilege under applicable Law, provided that each of the Parties shall use its reasonable best
efforts to provide such information or documents in accordance with its obligations under Sections 8.1(a) and (b) in a manner that avoids any such harm or consequence. 

8.2 Interest. Any payments required pursuant to this Agreement that are not made within the time period specified in this
Agreement shall bear interest from the end of that period at the Prime Rate plus two percent, compounded semiannually, from the due date of the payment to the date paid. To the extent interest required to be paid under this
Section 8.2 duplicates interest required to be paid under any other provision of this Agreement, interest shall be computed at the higher of the interest rate provided under this Section 8.2 or the
interest rate provided under such other provision. 
 8.3 Treatment of Payments; Tax Gross Up. 

(a) Except to the extent otherwise required by a change in Tax treatment under the Code or other applicable Tax law, SpinCo and
Parent agree that, for all Income Tax purposes, (i) any indemnity payment payable pursuant to this Agreement or by the Separation and Distribution Agreement or the Employee Matters Agreement (not including, for the avoidance of doubt,
any payment to fund the Parent Non-Qualified Liabilities) shall be treated as if it occurred immediately prior to the Distribution and shall be treated as being distributed or contributed, as appropriate,
pursuant to the Plan of Reorganization that includes the Distribution and (ii) any payment of interest or state Income Taxes by or to a Tax Authority, as taxable or deductible, as the case may be, to the Party entitled under this
Agreement to retain such payment or required under this Agreement to make such payment. The Parties shall cooperate in good faith (including, 

  
 26 

 
where relevant, by using commercially reasonable efforts to establish local payment arrangements between each Party’s Subsidiaries) to minimize or eliminate, to the extent permissible under
applicable law, any Tax that would otherwise be imposed with respect to any payment required by this Agreement or by the Separation and Distribution Agreement (or maximize the ability to obtain a credit for, or refund of, any such Tax). 

(b) If, notwithstanding the manner in which payments described in Section 8.3(a) were reported, there
is an adjustment to the Tax liability of a Party as a result of its receipt or payment pursuant to this Agreement or the Separation or Distribution Agreement, such payment shall be appropriately adjusted so that the amount of such payment, reduced
by the amount of all Income Taxes payable with respect to the receipt thereof (but taking into account all correlative Tax Benefits resulting from the payment of such Income Taxes), shall equal the amount of the payment which the Party receiving
such payment would otherwise be entitled to receive. 
 (c) Notwithstanding anything in this Agreement to the contrary, to
the extent a Party makes a payment of interest to another Party under this Agreement with respect to the period from (i) the date that the payor was required to make a payment to the payee to (ii) the date that the payor
actually made such payment, the interest payment shall be treated as interest expense to the payor (deductible to the extent provided by law) and as interest income by the payee (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 payor or increase in Tax to the payee. 
 8.4 Dispute
Resolution. In the event of any dispute between the Parties as to any matter covered by this Agreement, including any amendments thereto, the parties shall appoint a nationally recognized independent public accounting firm (the
“Accounting Firm”) to resolve such dispute. In this regard, the Accounting Firm shall make determinations with respect to the disputed items based solely on representations made by Parent and 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
disputes no later than 30 days after the submission of such dispute to the Accounting Firm 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 disputes in a manner consistent with this Agreement. 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. 

  
 27 

 ARTICLE IX 

TAX CONTESTS 
 9.1 Tax
Contests. 
 (a) Parent or SpinCo, as applicable, shall, within 10 Business Days of becoming aware of any Tax Contest
(including a Transaction Tax Contest) that could reasonably be expected to cause the other Party to have an indemnification obligation under this Agreement, notify the other Party of such Tax Contest and thereafter promptly forward or make available
to the Indemnifying Party copies of notices and communications relating to the relevant portions of such Tax Contest. Any such notice shall contain factual information (to the extent known) describing any asserted Tax liability in reasonable detail.
A failure by an Indemnitee to give notice as provided in this Section 9.1(a) (or to promptly forward any such notices or communications) 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; provided, however, that such Indemnitee shall make all commercially reasonable efforts to mitigate such failure, including
by seeking an extension of any relevant time limitations or deadlines for response. 
 (b) Parent shall, subject to
Section 9.1(d), have the exclusive right to control the conduct and settlement of any Tax Contest (i) that relates solely or primarily to Taxes that are the responsibility of Parent pursuant to Article II
or (ii) at Parent’s election, that may reasonably be expected to materially affect amounts for which both Parent and SpinCo are liable under Article II, provided that SpinCo shall have the right, at its sole expense,
to participate in and advise on all aspects of any Tax Contest Parent elects to control under clause (ii) above, but only in connection with matters relating to potential material liability of a member of the SpinCo Group. If the conduct or
settlement of any portion or aspect of such Tax Contest could reasonably be expected to cause SpinCo to have an indemnification obligation or a Tax Benefit entitlement under this Agreement, then Parent shall not accept or enter into any settlement
without the consent of SpinCo, which shall not be unreasonably withheld or delayed. If, as result of a Tax Contest which Parent elects to control described in clause (ii) above, SpinCo could reasonably be expected to have an indemnification
obligation or Tax Benefit entitlement under this Agreement, (1) Parent shall consult with SpinCo reasonably in advance of taking any material proposed course of action, (2) Parent shall consult with SpinCo and offer SpinCo a
reasonable opportunity to comment before submitting any written materials prepared or furnished in connection with such Tax Consent, (3) Parent shall conduct such Tax Contest with reasonable diligence and in good faith as if it were the
only party in interest in connection with such Tax Contest, (4) SpinCo shall be entitled to participate in all formally scheduled meetings with any Tax Authority relating to such Tax Contest and receive copies of any written materials
received by Parent from the relevant Tax Authority and (5) Parent shall keep SpinCo promptly informed of all material developments in relation to the Tax Contest. Parent shall notify SpinCo within 10 Business Days of becoming aware of a
Tax Contest under Section 9.1(b)(ii) if Parent does not elect to control such Tax Contest; provided that Parent shall have the right to assume control of any such Tax Contest and to settle, compromise and/or concede
such Tax Contest, if Parent reasonably determines that (x) as a result of subsequent developments the expected Tax liability exposure of any member of the Parent Group resulting from such Tax Contest has materially increased;
(y) SpinCo has failed to adequately and properly manage the conduct of such Tax Contest or (z) an event has occurred during such Tax Contest that could adversely affect Parent in any material respect. 

  
 28 

 (c) SpinCo shall, subject to Section 9.1(d), have
the exclusive right to control the conduct and settlement of any Tax Contest (i) that relates solely to Taxes that are the responsibility of SpinCo pursuant to Article II, (ii) that could not reasonably be expected to
materially affect amounts for which Parent is liable under Article II, or (iii) that Parent does not elect to control under Section 9.1(b)(ii); provided that Parent shall have the right, at its
sole expense, to participate in and advise on all aspects of such Tax Contests and may coordinate discussions with the relevant Taxing Authority with respect thereto, and, with respect to any Tax Contest that could reasonably be expected to cause
Parent to have an indemnification obligation or a Tax Benefit entitlement under this Agreement, SpinCo shall not accept or enter into any settlement without the consent of Parent, which shall not be unreasonably withheld or delayed. 

(d) Notwithstanding anything in this Section 9.1 to the contrary, with respect to any Transaction Tax
Contest as a result of which SpinCo could reasonably be expected to become liable for any Tax or Tax-Related Losses which Parent has the right to administer and control pursuant to
Section 9.1(b), (i) Parent shall solely control the resolution of such Tax Contest, (ii) Parent shall consult with SpinCo reasonably in advance of taking any material proposed course of action,
(iii) Parent shall consult with SpinCo and offer SpinCo a reasonable opportunity to comment before submitting any written materials prepared or furnished in connection with such Tax Contest, (iv) Parent shall conduct such Tax
Contest with reasonable diligence and in good faith as if it were the only party in interest in connection with such Tax Contest and (v) Parent shall provide SpinCo with any written materials relating to such Tax Contest received from
the relevant Tax Authority. 
 (e) With respect to any Transaction Tax Contest as a result of Parent could reasonably be
expected to become liable for any Tax or Tax-Related Losses which SpinCo has the right to administer and control pursuant to Section 9.1(c), (i) SpinCo shall consult with
Parent reasonably in advance of taking any material proposed course of action, (ii) SpinCo shall consult with Parent and offer Parent a reasonable opportunity to comment before submitting any written materials prepared or furnished in
connection with such Tax Contest, (iii) SpinCo shall conduct such Tax Contest with reasonable diligence and in good faith as if it were the only party in interest in connection with such Tax Contest, (iv) Parent shall be
entitled to participate in such Tax Contest and receive copies shall of any written materials relating to such Tax Contest received from the relevant Tax Authority and (v) SpinCo shall not settle, compromise or abandon any such Tax
Contest without obtaining the prior written consent of Parent, which consent shall not be unreasonably withheld, provided that Parent shall have right to assume control of such Tax Contest as described in
Section 9.1(b). 
 (f) SpinCo shall (and shall cause each member of the SpinCo Group to) execute
and deliver to Parent (or such member of the Parent Group as Parent shall designate) any power of attorney or similar document reasonably requested by Parent (or such designee) in connection with any Tax Contest controlled by Parent described in
this Section 9.1. Parent shall (and shall cause each member of the Parent Group to) execute and deliver to SpinCo (or such member of the SpinCo Group as SpinCo shall designate) any power of attorney or similar document
reasonably requested by SpinCo (or such designee) in connection with any Tax Contest controlled by SpinCo described in this Section 9.1. 

  
 29 

 9.2 Expenses and Applicability. Subject to
Section 7.5, after the Contribution and Distribution, each Party shall bear its own expenses in the course of any Tax Contest. 

9.3 Scheduled Tax Contests. Notwithstanding anything in Sections 5.2, 9.1 and 9.2 to the contrary, all Tax Contests
relating to the matter described in Schedule 9.3 shall be subject to the procedures described in Schedule 9.3. 
 ARTICLE X

 MISCELLANEOUS 

10.1 Effective Date; Termination of Prior Intercompany Tax Allocation Agreements
. This Agreement shall be effective as of the Effective Time. As of the Effective Time, (i) all prior intercompany Tax allocation agreements or arrangements solely between or among Parent and/or any of its Subsidiaries, on the one
hand, and SpinCo and/or any of its Subsidiaries, on the other hand, shall be terminated, and (ii) amounts due under such agreements as of the date on which the Effective Time occurs shall be settled. Upon such termination and settlement,
no further payments by or to Parent or any of its Subsidiaries or by or to SpinCo or any of its Subsidiaries, with respect to such agreements shall be made, and all other rights and obligations resulting from such agreements between the Parties and
their Affiliates shall cease at such time. Any payments pursuant to such agreements shall be disregarded for purposes of computing amounts due under this Agreement; provided that, to the extent appropriate, payments made pursuant to such
agreements shall be credited to Parent or SpinCo, respectively, in computing their respective obligations pursuant to this Agreement, in the event that such payments relate to a Tax liability that is the subject matter of this Agreement for a Tax
Period that is the subject matter of this Agreement. 
 10.2 Coordination of Agreements. The Parties agree that, in the event
of a conflict between the terms of this Agreement and the Separation and Distribution Agreement or any of the Ancillary Agreements, with respect to the matters addressed herein, the terms of this Agreement shall govern (it being understood that the
terms pursuant to which any transition services related to Tax matters shall be provided under the Transition Services Agreement shall be governed by the Transition Services Agreement). 

10.3 Counterparts; Entire Agreement; Corporate Power. 

(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 of the Parties hereto and delivered to the other Party hereto. 

(b) This Agreement and the Exhibits, Schedules and appendices hereto 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 other than those set forth or referred to herein or therein. 

  
 30 

 (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: 
 (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 this Agreement; and 

(ii) this Agreement has been duly executed and delivered by it and constitutes a valid and binding agreement of it enforceable
in accordance with the terms hereof. 
 (d) Each Party acknowledges that it and each other Party is executing this Agreement
by facsimile, stamp or mechanical signature, and that delivery of an executed counterpart of a signature page to this Agreement (whether executed by manual, stamp, electronic or mechanical signature) by email in portable document format (PDF) shall
be effective as delivery of such executed counterpart of this Agreement. Each Party expressly adopts and confirms each such facsimile, stamp or mechanical signature (regardless of whether delivered in person, by mail, by courier or by email in
portable document format (PDF)) made in its respective name as if it were a manual signature delivered in person, agrees that it shall not assert that any such signature or delivery is not adequate to bind such Party to the same extent as if it were
signed manually and delivered in person and agrees that, at the reasonable request of the 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) and delivered in person, by mail or by courier. 
 10.4 Governing Law; Waiver of Jury Trial. 

(a) This Agreement (and any Disputes arising out of or related 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. 

(b) Subject to the provisions of Section 8.4, each of the Parties hereby irrevocably and
unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Court of Chancery of the State of Delaware, or, if (and only if) such court finds it lacks subject matter jurisdiction, the federal court of the United States
of America sitting in Delaware, and appellate courts thereof, in any action or proceeding arising out of or relating to this Agreement for recognition or enforcement of any 

  
 31 

 
judgment relating hereto, and each of the Parties hereby irrevocably and unconditionally (i) agrees not to commence any such action or proceeding except in the Court of Chancery of
the State of Delaware, or, if (and only if) such court finds it lacks subject matter jurisdiction, the federal court of the United States of America sitting in Delaware, and appellate courts thereof, (ii) agrees that any claim in respect
of any such action or proceeding may be heard and determined in the Court of Chancery of the State of Delaware, or, if (and only if) such court finds it lacks subject matter jurisdiction, the federal court of the United States of America sitting in
Delaware, and appellate courts thereof, (iii) waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any such action or proceeding in such courts and
(iv) waives, to the fullest extent permitted by Law, the defense of an inconvenient forum to the maintenance of such action or proceeding in such courts. 

(c) EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY
JURY WITH RESPECT TO ANY ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH OF THE PARTIES HEREBY (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT
HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.4(c). 

10.5 Assignability. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors
and permitted assigns; provided, however, that neither Party may assign its rights or delegate its obligations under this Agreement without the express prior written consent of the other Party hereto. Notwithstanding the foregoing, no
such consent shall be required for the assignment of a Party’s rights and obligations under this Agreement in whole in connection with a Change of Control of a Party 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. Nothing herein is intended to, or shall be construed to, prohibit either Party or any member
of its Group from being party to or undertaking a Change of Control. 
 10.6 Third-Party Beneficiaries. Except for any Parent
Indemnitee or SpinCo Indemnitee (in their respective capacities as such) expressly entitled to indemnification rights under this Agreement, (a) the provisions of this Agreement are solely for the benefit of the Parties hereto and are not
intended to confer upon any other Person any rights or remedies hereunder, and (b) there are no third-party beneficiaries of this Agreement and this Agreement shall not provide any Third Party with any remedy, claim, Liability,
reimbursement, claim of action or other right in excess of those existing without reference to this Agreement. 

  
 32 

 10.7 Notices. All notices, requests, claims, demands or other communications under
this Agreement shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by e-mail with receipt
confirmed (followed by delivery of an original via overnight courier service or by registered or certified mail postage prepaid, return receipt requested) to the respective Parties at the following addresses (or at such other address for a Party as
shall be specified in a notice given in accordance with this Section 10.7): 
 If to Parent, to: 

International Paper Company 
 6400
Poplar Avenue 
 Tower 3, 2nd Floor 

Memphis, Tennessee 38197 

Attention: General Counsel 
 E-mail: Sharon.ryan@ipaper.com 
 If to SpinCo, to: 

Before June 30, 2022: 

Sylvamo Corporation 
 6400 Poplar
Ave 
 Tower 1, 9th Floor 

Memphis, TN 38197 
 Attn: General
Counsel 
 E-mail: Matthew.barron@sylvamo.com 

After June 30, 2022: 

Sylvamo Corporation 
 6077 Primacy
Parkway 
 Memphis, Tennessee 38119 

Attn: General Counsel 
 E-mail: Matthew.barron@sylvamo.com 
 A Party may, by notice to the other Party, change the address to which such notices
are to be given. 

  
 33 

 10.8 Severability. If any provision of this Agreement or the application thereof to
any Person or circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof or thereof, 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. Upon such determination, the Parties shall negotiate in good faith in an
effort to agree upon such a suitable and equitable provision to effect the original intent of the Parties. 
 10.9 Force Majeure. No
Party shall be deemed in default of this Agreement for any delay or failure to fulfill any obligation (other than a payment obligation) hereunder or thereunder so long as and to the extent any delay or failure in the fulfillment of such obligation
is prevented, frustrated, hindered or delayed as a consequence of circumstances of Force Majeure. In the event of any such excused delay, the time for performance of such obligations (other than a payment obligation) shall be extended for a period
equal to the time lost by reason of the delay. A Party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event, (a) provide written notice to the other Party of the nature
and extent of any such Force Majeure condition; and (b) use commercially reasonable efforts to remove any such causes and resume performance under this Agreement, as applicable, as soon as reasonably practicable. 

10.10 Headings. 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. 
 10.11 Survival. Except as expressly set forth in this Agreement,
the covenants, representations and warranties contained in this Agreement, and Liability for the breach of any obligations contained herein, shall survive the Separation and the Distribution and shall remain in full force and effect without
limitation as to time. 
 10.12 Waivers of Default. Waiver by a Party of any default by the other Party of any provision of this
Agreement must be in writing and shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of the other Party. No failure or delay by a Party in exercising any right, power or privilege
under this Agreement shall operate as a waiver thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege. 

10.13 Specific Performance. Subject to the provisions of Section 8.4, in the event of any actual or threatened
default in, or breach of, any of the terms, conditions and provisions of this Agreement, the Party hereto that is, or is to be, thereby aggrieved shall have the right to specific performance and injunctive or other equitable relief in respect of its
rights under this Agreement in addition to any other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative. The Parties agree that the remedies at law for any breach or threatened breach, 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 waived. Any requirements for the securing or posting of any bond with such remedy are waived by
each of the Parties. 

  
 34 

 10.14 Amendments. No provisions of this Agreement shall be deemed waived, amended,
supplemented or modified by a Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of the Party against whom it is sought to enforce such waiver, amendment, supplement or
modification. 
 10.15 Interpretation. In this Agreement, (a) words in the singular shall be deemed to include the plural
and vice versa and words of one gender shall be deemed to include the other genders as the context requires; (b) the terms “hereof,” “herein,” and “herewith” and words of similar import shall, unless
otherwise stated, be construed to refer to this Agreement as a whole (including all of the schedules, exhibits and appendices hereto and thereto) and not to any particular provision of this Agreement; (c) article, section, schedule,
exhibit and appendix references are to the articles, sections, schedules, exhibits and appendices to this Agreement unless otherwise specified; (d) unless otherwise stated, all references to any agreement (including this Agreement) shall
be deemed to include the exhibits, schedules and annexes to such agreement; (e) the word “including” and words of similar import when used in this Agreement shall mean “including, without limitation,” unless otherwise
specified; (f) the word “or” shall not be exclusive; (g) unless otherwise specified in a particular case, the word “days” refers to calendar days; (h) references to “Business Day” shall mean
any day other than a Saturday, a Sunday or a day on which banking institutions are generally authorized or required by law to close in (x) Memphis, Tennessee or (y) New York, New York; (i) references herein to
this Agreement or any other agreement contemplated herein shall be deemed to refer to this Agreement or such other agreement as of the date on which it is executed and as it may be amended, modified or supplemented thereafter, unless otherwise
specified; (j) 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”; (k) unless otherwise specified, all
dollar amounts, including the symbol “$”, refer to the lawful currency of the United States of America; and (l) all references to “the date hereof” or “the date of this Agreement” and words of similar import
shall all be references to September 30, 2021. 
 10.16 Limitations of Liability. Notwithstanding anything in this Agreement to
the contrary, neither SpinCo or any member of the SpinCo Group, on the one hand, nor Parent or any member of the Parent Group, on the other hand, shall be liable under this Agreement to the other for any indirect, punitive, exemplary, remote,
speculative or similar damages in excess of compensatory damages of the other arising in connection with the transactions contemplated hereby (other than any such Liability with respect to a Third-Party Claim). 

10.17 Performance. Parent shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations
set forth in this Agreement to be performed by any member of the Parent Group. SpinCo shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement to be performed by any
member of the SpinCo Group. Each Party (including its permitted successors and assigns) further agrees that it shall (a) give timely notice of the terms, conditions and continuing obligations contained in this Agreement to all of the
other members of its Group and (b) cause all of the other members of its Group not to take any action or fail to take any such action inconsistent with such Party’s obligations under this Agreement or the transactions contemplated
hereby. 

  
 35 

 10.18 Mutual Drafting. This Agreement shall be deemed to be the joint work product of
the Parties and any rule of construction that a document shall be interpreted or construed against a drafter of such document shall not be applicable. 

[Remainder of page intentionally left blank] 

  
 36 

 IN WITNESS WHEREOF, the Parties have caused this Tax Matters Agreement to be executed by
their duly authorized representatives as of the date first written above. 
  

			
	INTERNATIONAL PAPER COMPANY
		
	By:	 	 /s/ Keith R. Townsend

	Name: Keith R. Townsend
	Title: VP Strategic Initiatives
	
	SYLVAMO CORPORATION
		
	By:	 	 /s/ John V. Sims

	Name: John V. Sims
	Title: Senior Vice President & Chief Financial Officer

 Schedule 2.3 

For purposes of this Schedule 2.3, “Brazil Goodwill Taxes” means any and all Taxes or legal charges imposed by any
Brazilian Governmental Authority, resulting directly from the Brazilian Federal Revenue Service’s challenge of goodwill amortization deductions taken by International Paper do Brasil Ltda. (“IP do Brasil”) on its Tax Returns
for its 2007-2017 Tax Periods relating to the merger of LA Celulose and IP do Brasil. 
 (a)
Pre-Distribution Date Liability. If, prior to the Distribution Date, (i) a Brazilian Governmental Authority enacts an amnesty program and (ii) Parent determines in its sole
discretion to become a party to such amnesty program and settle all or a portion of IP do Brasil’s liability relating to the Brazil Goodwill Taxes, Parent shall notify SpinCo of such determination on or prior to the Distribution Date. Parent
shall be responsible for and shall pay to SpinCo or to the relevant Brazilian Governmental Authority for the account of IP do Brasil an amount equal to 100% of such settlement up to $180 million. To the extent that the amount of such settlement
exceeds $180 million, SpinCo shall be responsible for and shall pay to the relevant Brazilian Governmental Authority for the account of IP do Brasil an amount equal to 100% of such excess, up to $60 million, and Parent shall be responsible
for and shall pay to the relevant Brazilian Governmental Authority for the account of IP do Brasil 100% of any amount of such settlement above $240 million. 

(b) Post-Distribution Date Liability.  

(i) Parent shall pay to SpinCo or to the relevant Brazilian Governmental Authority for the account of IP do Brasil an amount
equal to (1) 60% of the first $300 million (up to $180 million) of any Brazil Goodwill Taxes imposed on or payable by IP do Brasil following the Distribution Date as a result of a Final Determination, whether pursuant to a final, non-appealable determination by a federal court in Brazil, the terms of an amnesty program to which IP do Brasil has become a party or other settlement or otherwise, other than any Brazil Goodwill Taxes pursuant to
a settlement described in clause (a) and (2) 100% of any such Brazil Goodwill Taxes above $300 million. 

(ii) Parent shall pay to SpinCo an amount equal to (1) 60% of any premium and other costs and expenses paid by SpinCo
for any period following the Distribution Date to the providers of the Surety Bonds (as defined below) to maintain, renew or replace the Surety Bonds with a face amount of up to $300 million and (2) 100% of any incremental premium and
other costs and expenses (as determined by Parent in good faith) attributable to the portion of such Surety Bonds that exceeds $300 million. 

(c) Reimbursement of Payments by Parent. If any amount with respect to the Brazil Goodwill Taxes is either (1) (x) drawn
on one or more surety bonds issued in favor of the Federal courts in Brazil with respect to the Brazil Goodwill Taxes (the “Surety Bonds”) and (y) reimbursed by Parent or a member of the Parent Group to the providers of
the Surety Bonds pursuant to the terms of the Surety Bonds and indemnity agreements entered into in connection therewith, or (2) paid by Parent to the relevant Brazilian Governmental Authority for the account

 
of IP do Brasil, SpinCo shall pay to Parent an amount equal to the excess, if any, of (i) the aggregate amount reimbursed by Parent to the providers of the Surety Bonds or paid by
Parent to the relevant Brazilian Governmental Authority for the account of IP do Brasil, as applicable, over (ii) the amount for which Parent has payment responsibility under clause (a) or (b) of this Schedule 2.3. 

(d) Timing; Currency.  

(i) Any payment required to be made by Parent pursuant to clauses (a) or (b)(i) of this Schedule 2.3 as a result of
a settlement pursuant to an amnesty program shall be made on or prior to the date such settlement payment is required to be made by IP do Brasil (taking into account any available extensions for making such payment) pursuant to such amnesty program.

 (ii) Any payment (x) required to be made by Parent pursuant to clause (b)(i) of this Schedule 2.3 and
(y) not described in clause (d)(i) shall be made on or prior to the date a payment is required to be made by IP do Brasil (taking into account any available extensions for making such payment) following a Final Determination that is non-appealable or for which Parent has determined not to pursue an available appeal. 

(iii) Any payment required to be made by Parent pursuant to clause (b)(ii) of this Schedule 2.3 shall be made within 5
Business Days after SpinCo provides Parent with a request for reimbursement with respect to the relevant amount. 
 (iv) Any
payment required to be made by SpinCo pursuant to clause (c) of this Schedule 2.3 shall be made within 5 Business Days after the date Parent provides SpinCo with notice that an applicable amount has been drawn with respect to the Surety
Bonds or has been paid by Parent to the relevant Brazilian Governmental Authority. Without prejudice to Parent’s other rights and remedies, in the event any payment required to be made to Parent by SpinCo pursuant to clause (c) of this
Schedule 2.3 is not paid when due, interest shall accrue from such date until the date of actual payment, at an annual interest rate equal to the Prime Rate plus 2.5%, which interest shall be payable quarterly in arrears on the last Business
Day of each quarter and shall be computed on the basis of a year of 360 days and the actual number of days elapsed. 
 (v)
Any payment required to be made by SpinCo to Parent pursuant this Schedule 2.3 shall be made in U.S. dollars. The U.S. dollar amount of any payment required to be made by SpinCo to Parent pursuant to clause (c) of this Schedule
2.3 to reimburse a payment in Brazilian real by Parent or a member of the Parent Group, and any U.S. dollar threshold in clause (a) or (b), shall be determined based the U.S. dollar cost that is incurred by Parent or such member of the
Parent Group in making such payment (including the cost of any related currency hedging), as determined by Parent in good faith. Any payment required to be made by Parent to SpinCo or the relevant Brazilian Governmental Authority pursuant to clause
(a) or clause (b) of this Schedule 2.3 shall be made in Brazilian real. 

 (e) Replacement or Renewal of Surety Bonds. Parent shall use its commercially
reasonable efforts with the cooperation of SpinCo to procure the replacement, renewal or the issuance of additional Surety Bonds as the applicable Brazilian Governmental Authority may reasonably request for IP do Brasil to continue the Tax Contest
relating to the Brazil Goodwill Taxes, by agreeing to indemnify or guarantee the provider or providers of such Surety Bonds (which arrangements may require Parent to post collateral to secure its obligations to the provider or providers of the
Surety Bonds), or if such Surety Bonds cannot be replaced, renewed or obtained, to make other collateral arrangements as the applicable Brazilian Governmental Authority may reasonably request for IP do Brasil to continue the Tax Contest relating to
the Brazil Goodwill Taxes. SpinCo shall not permit IP do Brazil or any other member of the SpinCo Group to, without Parent’s prior written consent, (1) renew or extend, or fail to renew or extend, the term of, (2) increase its
obligations under, (3) transfer to another third party or (4) amend in any manner adverse to Parent, except as contemplated by the first sentence of this paragraph (e) or Schedule 9.3, the Surety Bonds or any obligation for
which Parent is, or would reasonably be expected to be, liable relating to the Brazil Goodwill Taxes. 
 (f) Guarantee Fee; Collateral
Fee. 
 (i) In consideration for the indemnity agreement or any other guarantee entered into by Parent in connection with
the Surety Bonds, SpinCo shall pay to Parent in cash a guarantee fee calculated at an annual rate of 1.5% based on 40% of up to $300 million of the face amount of the Surety Bonds (the “Guarantee Fee”) for so long as the Surety
Bonds remain outstanding. The Guarantee Fee shall be payable quarterly in advance, with the first quarterly installment of the Guarantee Fee payable with respect to the period beginning on October 1, 2021 and ending on December 31,
2021. Each quarterly installment of the Guarantee Fee shall be payable in advance within fifteen (15) days following the beginning of the relevant quarter and shall be calculated based on the U.S. dollar equivalent of the face amount of
the Surety Bonds outstanding on the last Business Day of the previous quarter, using the applicable spot exchange rate on such day with a true up payment to be made at the end of the relevant quarter if the face amount of the Surety Bonds
outstanding is increased during such quarter. 
 (ii) From and following any posting of collateral by the Parent to secure
its obligations under the Surety Bonds pursuant to a demand therefor by the provider or providers thereof, or from and following any making by Parent of other collateral arrangements as requested by the applicable Brazilian Governmental Authority as
contemplated in clause (e) of this Schedule 2.3, for so long as such collateral remains posted, (x) the Guarantee Fee shall terminate and (y) SpinCo shall instead pay to Parent in cash a collateral fee calculated
at an annual rate equal to LIBOR plus 3% based on 40% of up to $300 million of the fair market value of such collateral (the “Collateral Fee”), provided that, if Sylvamo elects to post collateral in respect of 40%
of up to $300 million of the liability, the collateral fee shall be zero. The Collateral Fee shall be payable in quarterly installments pursuant to the same schedule described in clause (i) with respect to the Guarantee Fee, and shall be
calculated based on the amount of collateral posted on the last Business Day of the quarter preceding the period with respect to which such Collateral Fee accrues, with a true up payment to be made at the end of such period if the

 
amount of collateral posted is increased during such period. If such collateral is cash other than U.S. dollars, the fair market value of such collateral shall be converted into U.S. dollars
using the spot exchange rate on the last Business Day of the quarter preceding the period which respect to which such Collateral Fee accrues. For purposes of this clause (f)(ii) “LIBOR” means the “Benchmark” for U.S.
dollar borrowings with a three month interest period under the revolving credit facility of Parent as in effect from time to time. 
 For
the avoidance of doubt, (i) Sections 5.2 and 8.3(b) of this Agreement shall not apply to payments required under this Schedule 2.3 and (ii) Parent shall not be required to make any payment in respect of
Brazil Goodwill Taxes to SpinCo or any of its Affiliates to the extent that the relevant Brazilian Governmental Authority irrevocably abandons and relinquishes, or otherwise irrevocably ceases to pursue, the Brazilian Federal Revenue Service’s
challenge relating to the Brazil Goodwill Taxes or such challenge is resolved in favor of IP do Brasil. 

 Schedule 7.2(c)(iii) 

 Schedule 9.3 

Brazil Goodwill Tax Contests. 

(a) Parent shall administer and control the conduct and resolution of any Tax Contest relating to the Brazil Goodwill Taxes (the
“Brazil Goodwill Tax Contests”), provided that, other than in the case of any settlement described in clause (a) of Schedule 2.3, (i) SpinCo shall have the right, at its sole expense, to participate in any
Brazil Goodwill Tax Contest (ii) Parent shall consult with SpinCo reasonably in advance of taking any material proposed course of action with respect to the Brazil Goodwill Tax Contests, (iii) Parent shall consult with SpinCo
and offer SpinCo a reasonable opportunity to comment before submitting any written materials prepared or furnished in connection with the Brazil Goodwill Tax Contests, (iv) SpinCo shall be entitled to participate in all formally
scheduled meetings with any Tax Authority relating to the Brazil Goodwill Tax Contests and (v) Parent shall conduct the Brazil Goodwill Tax Contests with reasonable diligence and in good faith as if it were the only party in interest in
connection with the Brazil Goodwill Tax Contests. Without limiting the generality of the foregoing, Parent shall have the right to (1) determine in its sole discretion, which discretion shall be exercised in good faith, whether to appeal
or to resolve any Brazil Tax Goodwill Contest (whether pursuant to participation in an amnesty program or other settlement or otherwise) and (2) select the counsel that will represent IP do Brasil in connection with the Brazil Tax Goodwill
Contests. 
 (b) SpinCo shall (and shall cause each member of the SpinCo Group to) execute and deliver to Parent (or such member of the
Parent Group as Parent shall designate) any power of attorney or similar document reasonably requested by Parent (or such designee) in connection with any Brazil Goodwill Tax Contest. 

(c) Each Party shall bear its own expenses in the course of any Brazil Goodwill Tax Contest.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00334-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00334-of-00352.parquet"}]]