Document:

Pooling Agreement

 EXHIBIT 4.3 
  

 
  

POOLING AGREEMENT 

BETWEEN 
 ALLY AUTO
ASSETS LLC 
 AND 

ALLY BANK 
 DATED AS OF
AUGUST 23, 2017 
  
  

 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	 
			
	 SECTION 1.01
	 	Definitions	  	 	1	 
	 SECTION 1.02
	 	Owner of a Receivable	  	 	1	 
		
	 ARTICLE II PURCHASE AND SALE OF RECEIVABLES
	  	 	2	 
			
	 SECTION 2.01
	 	Purchase and Sale of Receivables	  	 	2	 
	 SECTION 2.02
	 	Receivables Purchase Price	  	 	3	 
	 SECTION 2.03
	 	The Closing	  	 	3	 
		
	 ARTICLE III REPRESENTATIONS AND WARRANTIES
	  	 	3	 
			
	 SECTION 3.01
	 	Representations and Warranties as to the Receivables.	  	 	3	 
	 SECTION 3.02
	 	Representations and Warranties as to the Pool of Receivables	  	 	5	 
	 SECTION 3.03
	 	Additional Representations and Warranties of the Seller	  	 	6	 
	 SECTION 3.04
	 	Representations and Warranties of Ally Auto	  	 	7	 
		
	 ARTICLE IV ADDITIONAL AGREEMENTS
	  	 	8	 
			
	 SECTION 4.01
	 	Conflicts With Further Transfer Agreements	  	 	8	 
	 SECTION 4.02
	 	Protection of Title	  	 	8	 
	 SECTION 4.03
	 	Other Liens or Interests	  	 	9	 
	 SECTION 4.04
	 	Repurchase or Substitution of Receivables	  	 	9	 
	 SECTION 4.05
	 	Indemnification	  	 	11	 
	 SECTION 4.06
	 	Further Assignments	  	 	11	 
	 SECTION 4.07
	 	Pre-Closing Collections	  	 	11	 
	 SECTION 4.08
	 	Compliance with the FDIC Rule	  	 	11	 
	 SECTION 4.09
	 	Asset Representations Review	  	 	11	 
		
	 ARTICLE V CONDITIONS
	  	 	12	 
			
	 SECTION 5.01
	 	Conditions to Obligation of Ally Auto	  	 	12	 
	 SECTION 5.02
	 	Conditions to Obligation of the Seller	  	 	13	 
		
	 ARTICLE VI MISCELLANEOUS PROVISIONS
	  	 	13	 
			
	 SECTION 6.01
	 	Amendment	  	 	13	 
	 SECTION 6.02
	 	Survival	  	 	13	 
	 SECTION 6.03
	 	Notices	  	 	13	 
	 SECTION 6.04
	 	Governing Law	  	 	13	 
	 SECTION 6.05
	 	Waivers	  	 	13	 
	 SECTION 6.06
	 	Costs and Expenses	  	 	13	 
	 SECTION 6.07
	 	Confidential Information	  	 	14	 
	 SECTION 6.08
	 	Headings	  	 	14	 
	 SECTION 6.09
	 	Counterparts	  	 	14	 
	 SECTION 6.10
	 	No Petition Covenant	  	 	14	 
	 SECTION 6.11
	 	Limitations on Rights of Others	  	 	14	 
	 SECTION 6.12
	 	Merger and Consolidation of the Seller or Ally Auto	  	 	14	 
	 SECTION 6.13
	 	Assignment	  	 	15	 
	 SECTION 6.14
	 	Official Record	  	 	15	 

  
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	EXHIBIT A	  	Form of First Step Receivables Assignment
		
	SCHEDULE A	  	Schedule of Receivables
		
	APPENDIX A	  	Definitions, Rules of Construction and Notices
		
	APPENDIX B	  	Additional Representations and Warranties

  
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 THIS POOLING AGREEMENT, dated as of August 23, 2017, is between ALLY AUTO ASSETS LLC, a
Delaware limited liability company (“Ally Auto”), and ALLY BANK, a Utah chartered bank (the “Seller”). 

WHEREAS, Ally Auto desires to purchase on the date hereof a portfolio of automobile and light truck retail instalment sale contracts, direct
purchase money loans and related rights owned by the Seller; 
 WHEREAS, the Seller is willing to sell on the date hereof such contracts and
related rights to Ally Auto; 
 WHEREAS, Ally Auto may wish to sell or otherwise transfer on the date hereof such contracts and related
rights, or interests therein, to a trust, corporation, partnership or other entity (any such entity being the “Issuing Entity”); and 

WHEREAS, the Issuing Entity may issue debentures, notes, participations, certificates of beneficial interest, partnership interests or other
interests or securities (collectively, any such issued interests or securities being “Securities”) to fund its acquisition of such contracts and related rights. 

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS

 SECTION 1.01 Definitions. Certain capitalized terms used in this Agreement are defined in and shall have the respective
meanings assigned to them in Part I of Appendix A to this Agreement. All references herein to “the Agreement” or “this Agreement” are to this Pooling Agreement as it may be amended, supplemented or modified
from time to time, and all references herein to Articles and Sections are to Articles or Sections of this Agreement unless otherwise specified. The rules of construction set forth in Part II of such Appendix A shall be applicable to this
Agreement. 
 SECTION 1.02 Owner of a Receivable. For purposes of this Agreement, the “Owner” of a Receivable shall
mean Ally Auto until the sale, transfer, assignment or other conveyance of such Receivable by Ally Auto pursuant to the terms of the applicable Further Transfer Agreements, and thereafter shall mean the Issuing Entity; provided that the
Seller, the Servicer or Ally Auto, as applicable, shall be the “Owner” of any Receivable from and after the time that such Person shall acquire such Receivable, whether pursuant to Section 4.04 of this
Agreement, any provision of the Further Transfer Agreements, Section 2.07 of the Servicing Agreement or otherwise. 

 ARTICLE II 

PURCHASE AND SALE OF RECEIVABLES 

SECTION 2.01 Purchase and Sale of Receivables. 

(a) Purchase. On the Closing Date, subject to satisfaction of the conditions specified in Article V and the First Step
Receivables Assignment (and, in any event, immediately prior to consummation of the related transactions contemplated by the Further Transfer Agreements, if any), the Seller shall sell, transfer, assign and otherwise convey to Ally Auto, without
recourse: 
 (i) all right, title and interest of the Seller in, to and under the Receivables listed on the Schedule of Receivables and all
monies received thereon on and after the Cutoff Date or, with respect to a Substitute Receivable, the related Substitute Cutoff Date, exclusive of any amounts allocable to the premium for physical damage collateral protection insurance required by
the Seller or the Servicer covering any related Financed Vehicle; 
 (ii) the interest of the Seller in the security interests in the
Financed Vehicles granted by Obligors pursuant to the Receivables and, to the extent permitted by law, any accessions thereto; 
 (iii) the
interest of the Seller in any proceeds from claims on any physical damage, credit life, credit disability or other insurance policies covering the related Financed Vehicles or Obligors; 

(iv) the interest of the Seller in any proceeds from recourse against Dealers on the Receivables; 

(v) all right, title and interest of the Seller in, to and under the First Step Receivables Assignment; and 

(vi) all present and future claims, demands, causes and choses in action in respect of any or all the foregoing described in clauses
(i) through (v) above and all payments on or under and all proceeds of every kind and nature whatsoever in respect of any or all the foregoing, including all proceeds of the conversion of any or all of the foregoing, voluntary or
involuntary, into cash or other liquid property, all cash proceeds, accounts, accounts receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts, insurance proceeds, investment property, payment intangibles, general
intangibles, condemnation awards, rights to payment of any and every kind and other forms of obligations and receivables, instruments and other property which at any time constitute all or part of or are included in the proceeds of any of the
foregoing. 
 The property described in clauses (i) through (vi) above is referred to herein collectively as the
“Purchased Property.” 
 (b) It is the intention of the Seller and Ally Auto that the sale, transfer, assignment and other
conveyances of the Receivables contemplated by this Agreement and the First Step Receivables Assignment shall constitute a sale of the Receivables from the Seller to 

  
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Ally Auto and the beneficial interest in and title to the Receivables shall not be part of the Seller’s estate in the event of the filing of a petition for insolvency, receivership or
conservatorship by or against the Seller or placement into receivership or conservatorship of the Seller under any relevant bankruptcy, insolvency, receivership or conservatorship law. 

(c) The sale, transfer, assignment and other conveyances of Receivables contemplated by this Agreement and the First Step Receivables
Assignment do not constitute and are not intended to result in the creation of or an assumption by Ally Auto of any obligation of the Seller, the Servicer or any other Person to the Obligors, Dealers, insurers or any other Person in connection with
the Receivables, any Dealer Agreements, any insurance policies or any other agreement or instrument relating to any of them. 
 SECTION 2.02
Receivables Purchase Price. In consideration for the Purchased Property, Ally Auto shall, on the Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the
Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”). The Initial Aggregate Receivables Principal Balance is equal to
$1,107,866,076.72. A portion of the Initial Aggregate Receivables Principal Balance, equal to $988,910,271.15, shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through an increase in
Seller’s capital account in Ally Auto (as a result of a deemed capital contribution from Seller to Ally Auto), equal to $118,955,805.57. The amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto. 

SECTION 2.03 The Closing. The sale and purchase of the Receivables shall take place at the offices of Kirkland & Ellis LLP,
300 North LaSalle Street, Chicago, Illinois 60654, on the Closing Date at a time mutually agreeable to the Seller and Ally Auto, and will occur simultaneously with the closing of transactions contemplated by the Further Transfer Agreements. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

SECTION 3.01 Representations and Warranties as to the Receivables. The Seller makes the following representations and warranties as to
each Receivable, on which Ally Auto relies in accepting the Receivables. Such representations and warranties speak as of the Closing Date, and shall survive the sale, transfer and assignment of the Receivables to Ally Auto and the subsequent
assignment and transfer pursuant to the Further Transfer Agreements: 
 (a) Characteristics of Receivables. 

(i) General. Each Receivable: 

(1) is secured by a Financed Vehicle, was originated in the United States by the Seller or one of its subsidiaries or a Dealer for the retail
sale of a Financed Vehicle in the ordinary course of business, was fully and properly executed by the parties thereto, if not originated by the Seller, was purchased by the Seller from one of its subsidiaries or from such Dealer under an existing
Dealer Agreement, and was validly assigned by such subsidiary or such Dealer to the Seller in accordance with its terms; 

  
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 (2) has created or shall create a valid, binding and enforceable first priority security
interest in favor of the Seller in the Financed Vehicle, which security interest is assignable by the Seller to Ally Auto; 
 (3) contains
customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for realization against the collateral of the benefits of the security; 

(4) is a Simple Interest Receivable; 

(5) provides for level monthly payments which may vary from one another by no more than $5, which shall amortize the Amount Financed by
maturity and shall yield interest at the Annual Percentage Rate; 
 (6) has an original term of not less than nine (9) monthly
payments and not greater than seventy-five (75) monthly payments and a remaining term of not less than three (3) monthly payments; and 

(7) with respect to which at least one monthly payment has been made. 

(ii) Receivables. In addition to the characteristics set forth in Section 3.01(a)(i) above, each Receivable
(1) has a first scheduled payment due date on or after April 28, 2011, (2) was originated on or after March 30, 2011, (3) as of the Cutoff Date, was not considered past due (that is, no payments due on that Receivable in
excess of $25 were more than thirty (30) days delinquent) and was not a Liquidating Receivable and (4) has an Annual Percentage Rate not greater than 20.00%. 

(b) Schedule of Receivables. The information set forth in the Schedule of Receivables is true and correct in all material respects
relating to such Receivable. 
 (c) Compliance With Law. All requirements of applicable federal, State and local laws, and
regulations thereunder, including usury laws, Utah banking laws, the Federal Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair Credit Billing Act, the
Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Federal Trade Commission Act, the Magnuson-Moss Warranty Act, the Consumer Financial Protection Bureau’s Regulations “B” and “Z,” the Servicemembers
Civil Relief Act of 2003, the Texas Consumer Credit Code, and state adaptations of the National Consumer Act and the Uniform Consumer Credit Code and other consumer credit laws and equal credit opportunity and disclosure laws, in respect of each
such Receivable and other Purchased Property, have been complied with in all material respects, and each such Receivable and the sale of the Financed Vehicle evidenced thereby complied at the time it was originated or made and now complies in all
material respects with all legal requirements of the jurisdiction in which it was originated or made. 

  
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 (d) Binding Obligation. Each such Receivable represents the genuine, legal, valid and
binding payment obligation in writing of the Obligor thereon, enforceable in all material respects by the holder thereof in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws
affecting the enforcement of creditors’ rights in general and by equity, regardless of whether such enforceability is considered in a proceeding in equity or at law. 

(e) Security Interest in Financed Vehicle. Immediately prior to the sale, transfer and assignment thereof pursuant hereto and the First
Step Receivables Assignment, each Receivable was secured by a validly perfected first priority security interest in the Financed Vehicle in favor of the Seller as secured party or all necessary and appropriate action had been commenced that would
result in the valid perfection of a first priority security interest in the Financed Vehicle in favor of the Seller as secured party. 

(f) Receivables In Force. Each such Receivable has not been satisfied, subordinated or rescinded, and the Financed Vehicle securing
each such Receivable has not been released from the lien of the related Receivable in whole or in part. 
 (g) No Waiver. Since the
Cutoff Date no provision of any such Receivable has been waived, altered or modified in any respect, except to the extent set forth in the related Receivable File; provided that no such modification has increased the number of originally
scheduled due dates or the Amount Financed of the related Receivable. 
 (h) No Defenses. No right of rescission, setoff,
counterclaim or defense has been asserted or threatened as indicated in the Receivable File with respect to any such Receivable. 
 (i)
Insurance. The Obligor under each such Receivable is required to maintain a physical damage insurance policy of the type that the Seller requires in accordance with its customary underwriting standards for the purchase of motor vehicle
related receivables. 
 (j) Good Title. Each such Receivable has not been sold, transferred, assigned or pledged by the Seller
to any Person other than Ally Auto; immediately prior to the conveyance of each such Receivable pursuant to this Agreement and the First Step Receivables Assignment, the Seller had good and marketable title thereto, free of any Lien; and, upon
execution and delivery of this Agreement by the Seller, Ally Auto shall have all of the right, title and interest of the Seller in and to each such Receivable, the unpaid indebtedness evidenced thereby and the collateral security therefor,
free of any Lien. 
 (k) One Original. There is only one original executed copy (or with respect to “electronic chattel
paper,” one authoritative copy) of each such Receivable. 
 (l) No Documents or Instruments. No such Receivable, or constituent
part thereof, constitutes a “negotiable instrument” or “negotiable document of title” (as such terms are used in the UCC). 

SECTION 3.02 Representations and Warranties as to the Pool of Receivables. The Seller makes the following representations and
warranties as to the pool of Receivables, on which Ally Auto relies in accepting the Receivables. Such representations and warranties speak as of the Closing Date, and shall survive the sale, transfer and assignment of the Receivables to Ally Auto
and the subsequent assignment and transfer pursuant to the Further Transfer Agreements: 

  
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 (a) Creation, Perfection and Priority of Security Interests. The representations and
warranties regarding creation, perfection and priority of security interests in the Purchased Property, which are attached to this Agreement as Appendix B, are true and correct to the extent that they are applicable. 

(b) No Adverse Selection. No selection procedures believed to be adverse to Ally Auto or to holders of the Securities issued under the
Further Transfer Agreements were utilized in selecting the Receivables from those receivables of the Seller that meet the selection criteria set forth in this Agreement. 

(c) No Liens. To the best of the Seller’s knowledge: (1) there are no liens or claims that have been filed for work, labor or
materials affecting any Financed Vehicle securing any Receivable that are or may be liens prior to, or equal or coordinate with, the security interest in the Financed Vehicle granted by such Receivable; (2) no contribution failure has occurred
with respect to any Benefit Plan which is sufficient to give rise to a lien under Section 303 (k) of ERISA with respect to any Receivable; and (3) no tax lien has been filed and no claim related thereto is being asserted with respect
to any Receivable. 
 (d) Lawful Assignment. Each such Receivable was not originated in, or is not subject to the laws of, any
jurisdiction the laws of which would make unlawful the sale, transfer and assignment of each such Receivable under this Agreement, the Trust Sale Agreement or the Indenture, as applicable. 

(e) All Filings Made. All filings (including UCC filings) necessary in any jurisdiction to give Ally Auto a first priority perfected
ownership interest in each such Receivable shall have been made. 
 SECTION 3.03 Additional Representations and Warranties of the
Seller. The Seller hereby represents and warrants to Ally Auto as of the Closing Date that: 
 (a) Organization and Good Standing;
FDIC. The Seller has been duly organized and is validly existing as a Utah chartered bank, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently
conducted; and as of the date hereof, the Seller is insured by the Federal Deposit Insurance Corporation and is subject to the Federal Deposit Insurance Act; 

(b) Due Qualification. The Seller is duly qualified to do business as a foreign entity in good standing, and has obtained all necessary
licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business requires or shall require such qualification; 

(c) Power and Authority. The Seller has the power and authority to execute and deliver this Agreement and the First Step Receivables
Assignment and to carry out its terms; the Seller has full power and authority to sell and assign the property to be sold and assigned to Ally Auto, and has duly authorized such sale and assignment to Ally Auto by all necessary corporate action; and
the execution, delivery and performance of this Agreement and the First Step Receivables Assignment have been duly authorized by the Seller by all necessary corporate action; 

  
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 (d) Valid Sale; Binding Obligation. This Agreement and the First Step Receivables
Assignment, when duly executed and delivered, shall constitute a valid sale, transfer and assignment of the Receivables, in each case, enforceable against creditors of and purchasers from the Seller; and this Agreement together with the First Step
Receivables Assignment, when duly executed and delivered, shall constitute a legal, valid and binding obligation of the Seller enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, receivership,
conservatorship, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity
or at law; 
 (e) No Violation. The consummation of the transactions contemplated by this Agreement and the First Step Receivables
Assignment and the fulfillment of the terms of this Agreement and the First Step Receivables Assignment shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a
default under, the articles of incorporation or bylaws (or similar organizational documents) of the Seller, or any indenture, agreement, mortgage, deed of trust or other instrument to which the Seller is a party or by which it is bound, or result in
the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement and the First Step Receivables Assignment or violate any
law or, to the best of the Seller’s knowledge, any order, rule or regulation applicable to the Seller of any court or of any federal or State regulatory body, administrative agency or other governmental instrumentality having jurisdiction over
the Seller or any of its properties; and 
 (f) No Proceedings. To the Seller’s knowledge, there are no proceedings or
investigations pending, or threatened, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over the Seller or its properties (A) asserting the invalidity of this
Agreement or the First Step Receivables Assignment, (B) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or the First Step Receivables Assignment, or (C) seeking any determination or ruling that
might materially and adversely affect the performance by the Seller of its obligations under, or the validity or enforceability of, this Agreement and the First Step Receivables Assignment. 

SECTION 3.04 Representations and Warranties of Ally Auto. Ally Auto hereby represents and warrants to the Seller as of the Closing
Date: 
 (a) Organization and Good Standing. Ally Auto has been duly formed and is validly existing as an entity in good standing
under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted; 

(b) Due Qualification. Ally Auto is duly qualified to do business as a foreign entity in good standing, and has obtained all necessary
licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business requires such qualification; 

  
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 (c) Power and Authority. Ally Auto has the power and authority to execute and deliver this
Agreement and the First Step Receivables Assignment and to carry out its terms; Ally Auto had at all relevant times, and now has, power, authority and legal right to acquire and own the Receivables and the execution, delivery and performance of this
Agreement and the First Step Receivables Assignment have been duly authorized by Ally Auto by all necessary limited liability company action; 

(d) No Violation. The consummation of the transactions contemplated by this Agreement and the First Step Receivables Assignment and the
fulfillment of the terms of this Agreement and the First Step Receivables Assignment shall not conflict with, result in any breach of any of the terms and provisions of or constitute (with or without notice or lapse of time) a default under, the
certificate of formation or limited liability company agreement of Ally Auto, or any indenture, agreement, mortgage, deed of trust or other instrument to which Ally Auto is a party or by which it is bound, or result in the creation or imposition of
any Lien upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument, other than any Further Transfer Agreement or violate any law or, to the best of Ally Auto’s knowledge, any order, rule or regulation
applicable to Ally Auto of any court or of any federal or State regulatory body, administrative agency or other governmental instrumentality having jurisdiction over Ally Auto or any of its properties; and 

(e) No Proceedings. To Ally Auto’s knowledge, there are no proceedings or investigations pending, or threatened, before any court,
regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over Ally Auto or its properties (i) asserting the invalidity of this Agreement and the First Step Receivables Assignment, or
(ii) seeking any determination or ruling that might materially and adversely affect the performance by Ally Auto of its obligations under, or the validity or enforceability of, this Agreement and the First Step Receivables Assignment. 

ARTICLE IV 
 ADDITIONAL
AGREEMENTS 
 SECTION 4.01 Conflicts With Further Transfer Agreements. To the extent that any provision of Sections 4.02
through 4.04 of this Agreement conflicts with any provision of the Further Transfer Agreements, the Further Transfer Agreements shall govern. 

SECTION 4.02 Protection of Title. 

(a) Filings. The Seller shall prepare or authorize, as applicable, and file such financing statements or amendments to financing
statements and cause to be authorized or prepared, as applicable, and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of Ally Auto
under this Agreement and the First Step Receivables Assignment in the Receivables and the other Purchased Property and in the proceeds thereof. The Seller shall deliver (or cause to be delivered) to Ally Auto file-stamped copies of, or filing
receipts for, any document filed as provided above, as soon as available following such filing, and the Seller hereby authorizes Ally Auto and its assigns to file all such financing statements without its signature. 

  
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 (b) Name Change. The Seller shall not change its State of organization or its name,
identity or entity structure in any manner that would, could or might make any financing statement or continuation statement filed by the Seller, Ally Auto or Ally Auto’s assigns in accordance with Section 4.02(a)
seriously misleading within the meaning of the UCC, unless it shall give Ally Auto written notice thereof within ten (10) days of such change. 

(c) Executive Office; Maintenance of Offices. The Seller shall give Ally Auto written notice within ten (10) days of any
relocation of its principal executive office if, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing
statement. The Seller shall at all times maintain each office from which it originates Receivables and its principal executive office within the United States of America. 

(d) New Debtor. In the event that the Seller shall change the jurisdiction in which it is formed or otherwise enter into any
transaction which would result in a “new debtor” (as defined in the UCC) succeeding to the obligations of the Seller hereunder, the Seller shall comply fully with the obligations of Section 4.02(a). 

SECTION 4.03 Other Liens or Interests. Except for the conveyances hereunder and under the First Step Receivables Assignment and as
contemplated by the Further Transfer Agreements, the Seller shall not sell, pledge, assign or transfer the Receivables or other Purchased Property to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any interest
therein, and the Seller shall defend the right, title and interest of Ally Auto in, to and under such Receivables or other Purchased Property against all claims of third parties claiming through or under the Seller. 

SECTION 4.04 Repurchase or Substitution of Receivables. 

(a) Repurchase or Substitution Events. By its execution of the Further Transfer Agreements to which it is a party, the Seller shall
acknowledge the assignment by Ally Auto of such of its right, title and interest in, to and under this Agreement and the First Step Receivables Assignment to the Issuing Entity as shall be provided in the Further Transfer Agreements. The Seller
hereby covenants and agrees with Ally Auto for the benefit of Ally Auto and the Interested Parties that in the event of a breach of any of the Seller’s representations and warranties contained in Section 3.01 or
Section 3.02 hereof with respect to any Receivable (a “Repurchase or Substitution Event”), the Seller shall (a) if such breach is discovered on or prior to the second anniversary of the Closing Date
and if the aggregate Principal Balance of the Substitute Receivables substituted since the Closing Date is less than or equal to 10% of the Initial Aggregate Receivables Principal Balance, the Seller shall substitute a Substitute Receivable in
exchange for such Warranty Receivable by delivering a First Step Receivables Assignment with respect to such Substitute Receivable on the related Substitution Date or (b) if such breach is discovered after the second anniversary of the Closing
Date or if the Seller has previously sold Substitute Receivables to Ally Auto in an amount greater than 10% of the Initial Aggregate Receivables Principal Balance, the Seller shall, if required by the Further Transfer Agreements, repurchase such
Warranty Receivable from the Issuing Entity (if the Issuing Entity is then the Owner of such Warranty Receivable) on the date and for the amount specified in the Further Transfer Agreements, in each case, without further notice from Ally Auto
hereunder. 

  
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Upon the occurrence of a Repurchase or Substitution Event with respect to a Warranty Receivable for which Ally Auto is the Owner, the Seller agrees to repurchase or substitute such Warranty
Receivable from Ally Auto for an amount and upon the same terms as the Seller would be obligated to repurchase or substitute such Warranty Receivable from the Issuing Entity if the Issuing Entity was then the Owner thereof, and upon payment of the
Warranty Payment, the Seller shall have such rights with respect to such Warranty Receivable as if the Seller had purchased or substituted such Warranty Receivable from the Issuing Entity as the Owner thereof. It is understood and agreed that the
obligation of the Seller to repurchase or substitute any Warranty Receivable as to which a breach has occurred and is continuing shall, if such obligation is fulfilled, constitute the sole remedy against the Seller for such breach available to Ally
Auto or any Interested Party. 
 (b) Identification of Substitute Receivables. The Seller shall select the Substitute Receivable
within the portfolio of receivables owned by the Seller by identifying all of the receivables that meet the criteria set forth in each of the following criteria and then removing receivables that do not satisfy the criteria specified in each
successive clause in the order of priority set forth below until only one receivable is available: 
 (i) first, the Substitute Receivable
must satisfy each of the criteria set forth in the definition of “Substitute Receivable”; 
 (ii) second, the Substitute
Receivable must be the receivable owned by the Seller that has a Principal Balance closest to the Principal Balance of the related Warranty Receivable; 

(iii) third, the Substitute Receivable must be the receivable owned by the Seller that has an Annual Percentage Rate closest to the Annual
Percentage Rate of the related Warranty Receivable; 
 (iv) fourth, the Substitute Receivable must be the receivable owned by the Seller
that has a remaining term closest to the remaining term of the Warranty Receivable; 
 (v) fifth, the Substitute Receivable must be the
receivable owned by the Seller that has an accompanying FICO score closest to the FICO score of the Obligor related to the Warranty Receivable; and 

(vi) sixth, the Substitute Receivable must be the receivable owned by the Seller that is secured by the related Financed Vehicle that is
closest to the Financed Vehicle that secures the related Warranty Receivable, with the characteristics determined in the following order of priority: 

(1) the make of the related Financed Vehicle; 

(2) the model year of the related Financed Vehicle; 

(3) whether the related Financed Vehicle was used or new at the time that the Substitute Receivable was acquired by the Seller; and 

  
 10 

 (4) the mileage of the the related Financed Vehicle to the nearest 10th of a mile. 
 (c) Repurchase Dispute Resolution. The Seller hereby agrees to
cooperate with the Interested Parties in any ADR Proceeding commenced pursuant to the provisions set forth in the Further Transfer Agreements. Ally Auto hereby agrees to provide the Seller with the opportunity to exercise any rights of Ally Auto
pursuant to the Further Transfer Agreements with respect to an ADR Proceeding to the extent a dispute relates to the representations and warranties of the Seller contained in Section 3.01 or
Section 3.02. 
 SECTION 4.05 Indemnification. The Seller shall indemnify Ally Auto for any liability as a
result of the failure of a Receivable to be originated in compliance with all requirements of law. This indemnity obligation shall be in addition to any obligation that the Seller may otherwise have. 

SECTION 4.06 Further Assignments. The Seller acknowledges that Ally Auto may, pursuant to the Further Transfer Agreements, sell the
Receivables to the Issuing Entity and assign its rights hereunder and under the First Step Receivables Assignment to the Issuing Entity, subject to the terms and conditions of the Further Transfer Agreements, and that the Issuing Entity may in turn
further pledge, assign or transfer its rights in the Receivables and this Agreement and the First Step Receivables Assignment. The Seller further acknowledges that Ally Auto may assign its rights under the Custodian Agreement to the Issuing Entity.

 SECTION 4.07 Pre-Closing Collections. Within two (2) Business Days after the Closing
Date the Seller shall transfer to the account or accounts designated by Ally Auto (or by the Issuing Entity under the Further Transfer Agreements) all collections on the Receivables held by the Seller on the Closing Date, and conveyed to Ally Auto
pursuant to Section 2.01. 
 SECTION 4.08 Compliance with the FDIC Rule. The Seller agrees to
(i) perform the covenants set forth in Article XII of the Indenture applicable to it and (ii) facilitate compliance with Article XII of the Indenture by the Ally Parties. 

SECTION 4.09 Asset Representations Review. 

(a) The Seller shall (i) at all times while any Public Notes remain Outstanding, ensure that an Asset Representations Reviewer is
appointed, (ii) cooperate with the Asset Representations Reviewer in creating procedures for a review of the representations and warranties set forth in Section 3.01, (iii) provide the Asset Representations Reviewer
with the Asset Representations Review Notice and (iv) provide the Asset Representations Reviewer with reasonable access to the Seller’s offices and information databases upon the initiation of an Asset Representations Review as set forth
in Section 5.17(d) of the Indenture. 
 (b) Upon receipt of a final report from the Asset Representations Reviewer, the Seller shall
review the findings of the Asset Representations Reviewer and determine whether a breach of a representation or warranty set forth in Section 3.01 has occurred with respect to any Receivable tested by the Asset
Representations Reviewer and whether a repurchase or substitution of such Receivable is required pursuant to Section 4.04(a). Upon the written request of a Noteholder or Note Owner, the Seller shall forward the final report
from the Asset Representations Reviewer to such Noteholder or Note Owner. 

  
 11 

 ARTICLE V 

CONDITIONS 
 SECTION 5.01
Conditions to Obligation of Ally Auto. The obligation of Ally Auto to purchase the Receivables hereunder and pursuant to the First Step Receivables Assignment is subject to the satisfaction of the following conditions: 

(a) Representations and Warranties True. The representations and warranties of the Seller hereunder shall be true and correct at the
time of the Closing Date, and the Seller shall have performed all obligations to be performed by it hereunder on or prior to the Closing Date. 

(b) No Repurchase or Substitution Event. No Repurchase or Substitution Event shall have occurred on or prior to the Closing Date. 

(c) Computer Files Marked. The Seller shall have or shall have caused to have, at its own expense, on or prior to the Closing Date,
indicated in its computer files created in connection with the Receivables that the Receivables have been sold to Ally Auto pursuant to this Agreement and the First Step Receivables Assignment and deliver to Ally Auto the Schedule of Receivables,
certified by an officer of the Seller to be true, correct and complete. 
 (d) Documents to be Delivered By the Seller. 

(i) The Assignment. On the Closing Date, the Seller shall execute and deliver the First Step Receivables Assignment. 

(ii) Evidence of UCC Filing. On or prior to the Closing Date, the Seller shall record and file, at its own expense, a UCC-1 financing statement in each jurisdiction in which required by applicable law, authorized by and naming the Seller as seller or debtor, naming Ally Auto as purchaser or secured party, naming the Receivables and
the other Purchased Property as collateral, meeting the requirements of the laws of each such jurisdiction and in such manner as is necessary to perfect the sale, transfer, assignment and conveyance of such Receivables to Ally Auto. The Seller shall
deliver a file-stamped copy, or other evidence satisfactory to Ally Auto of such filing, to Ally Auto on or prior to the Closing Date. 

(iii) Other Documents. On the Closing Date, the Seller shall provide such other documents as Ally Auto may reasonably request. 

(e) Other Transactions. The transactions contemplated by the Further Transfer Agreements shall be consummated to the extent that such
transactions are intended to be substantially contemporaneous with the transactions hereunder. 
 (f) Asset Representations Reviewer.
The Asset Representations Reviewer shall have been appointed and shall have entered into the Asset Representations Review Agreement. 

  
 12 

 SECTION 5.02 Conditions to Obligation of the Seller. The obligation of the Seller to sell
the Receivables to Ally Auto hereunder or pursuant to the First Step Receivables Assignment is subject to the satisfaction of the following conditions: 

(a) Representations and Warranties True. The representations and warranties of Ally Auto hereunder shall be true and correct as of the
Closing Date with respect to the Receivables, and Ally Auto shall have performed all obligations to be performed by it hereunder or pursuant to the First Step Receivables Assignment on or prior to the closing hereunder. 

(b) Receivables Purchase Price. On the Closing Date, Ally Auto shall pay to the Seller that portion of the Initial Aggregate
Receivables Principal Balance as provided in Section 2.02. 
 ARTICLE VI 

MISCELLANEOUS PROVISIONS 

SECTION 6.01 Amendment. This Agreement may be amended from time to time (subject to any expressly applicable amendment provision of the
Further Transfer Agreements or the Servicing Agreement) by a written amendment duly executed and delivered by the Seller and Ally Auto. 

SECTION 6.02 Survival. The representations and warranties of the Seller set forth in Articles III and IV of this
Agreement shall remain in full force and effect and shall survive the Closing Date under Section 2.03 hereof and the closing under the Further Transfer Agreements. 

SECTION 6.03 Notices. All demands, notices and communications upon or to the Seller or Ally Auto under this Agreement shall be
delivered as specified in Part III of Appendix A to this Agreement. 
 SECTION 6.04 Governing Law. THIS AGREEMENT
AND THE FIRST STEP RECEIVABLES ASSIGNMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS THEREOF OR OF ANY OTHER JURISDICTION OTHER THAN SECTION
5-1401 AND SECTION 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES UNDER THIS AGREEMENT SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS. 
 SECTION 6.05 Waivers. No failure or delay on the part of Ally Auto in exercising any power, right
or remedy under this Agreement or the First Step Receivables Assignment shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy preclude any other or further exercise thereof or the exercise of
any other power, right or remedy. 
 SECTION 6.06 Costs and Expenses. The Seller agrees to pay all reasonable out-of-pocket costs and expenses of Ally Auto, including fees and expenses of counsel, in connection with the perfection as against third parties of Ally Auto’s right,
title and interest in, to and under the Receivables and the enforcement of any obligation of the Seller hereunder. 

  
 13 

 SECTION 6.07 Confidential Information. Ally Auto agrees that it shall neither use nor
disclose to any person the names and addresses of the Obligors, except in connection with the enforcement of Ally Auto’s rights hereunder, under the Receivables, under the Further Transfer Agreements or as required by law. 

SECTION 6.08 Headings. The headings of the various Articles and Sections herein are for convenience of reference only and shall not
define or limit any of the terms or provisions hereof. 
 SECTION 6.09 Counterparts. This Agreement may be executed in two or more
counterparts and by different parties on separate counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument. 

SECTION 6.10 No Petition Covenant. Notwithstanding any prior termination of this Agreement, the Seller shall not, prior to the date
which is one year and one day after the final distribution with respect to the Notes to the Note Distribution Account or, with respect to the Certificates, to the Certificateholder or the Certificate Distribution Account, acquiesce, petition or
otherwise invoke or cause Ally Auto or the Issuing Entity to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against Ally Auto or the Issuing Entity under any federal or State bankruptcy,
insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of Ally Auto or the Issuing Entity or any substantial part of the property of either of them, or ordering the
winding up or liquidation of the affairs of Ally Auto or the Issuing Entity under any federal or State bankruptcy or insolvency proceeding. 

SECTION 6.11 Limitations on Rights of Others. The provisions of this Agreement and the First Step Receivables Assignment are solely for
the benefit of the Seller and Ally Auto and, to the extent expressly provided herein, the Interested Parties, and nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right,
remedy or claim in, under or in respect of this Agreement or any covenants, conditions or provisions contained herein. 
 SECTION 6.12
Merger and Consolidation of the Seller or Ally Auto. Any corporation, limited liability company or other entity (i) into which either of the Seller or Ally Auto may be merged or consolidated, (ii) resulting from any merger or
consolidation to which either of the Seller or Ally Auto shall be a party, (iii) succeeding to the business of either of the Seller or Ally Auto or (iv) 25% or more of the voting stock (or, if not a corporation, other voting interests) of which
is owned, directly or indirectly, by General Motors or Ally Financial, which corporation, limited liability company or other entity in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Seller or Ally
Auto (as applicable) under this Agreement and the other Basic Documents shall be the successor to the Seller or Ally Auto (as applicable) under this Agreement and the other Basic Documents without the execution or filing of any document or any
further act on the part of any of the parties to this Agreement. 

  
 14 

 SECTION 6.13 Assignment. Notwithstanding anything to the contrary contained in this
Agreement, this Agreement may be assigned by the Seller or Ally Auto without the consent of any other Person to a corporation, limited liability company or other entity that is a successor (by merger, consolidation or purchase of assets) to the
Seller or Ally Auto (as applicable), or 25% or more of the voting interests of which is owned, directly or indirectly, by General Motors or by Ally Financial, provided that the assignee of Ally Auto executes an agreement of assumption, as provided
in Section 3.03(a) of the Trust Sale Agreement. 
 SECTION 6.14 Official Record. This Agreement is, and the Seller agrees to
maintain this Agreement from and after the date hereof as, an official record (within the meaning of Section 13(e) of the Federal Deposit Insurance Act) of the Seller. 

*    *    *    *    * 

  
 15 

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

			
	ALLY BANK
		
	By:	 	/s/ R.C. Farris
	Name:	 	R.C. Farris
	Title:	 	Assistant Treasurer
	
	ALLY AUTO ASSETS LLC
		
	By:	 	/s/ Niraj Kapadia
	Name:	 	Niraj Kapadia
	Title:	 	Vice President

 Pooling Agreement (AART 2017-4) 

 EXHIBIT A 

FORM OF 
 FIRST STEP RECEIVABLES
ASSIGNMENT 
 PURSUANT TO THE POOLING AGREEMENT 

For value received, in accordance with the Pooling Agreement, dated as of August 23, 2017 (the “Pooling Agreement”),
between Ally Bank, a Utah chartered bank (the “Seller”), and Ally Auto Assets LLC, a Delaware limited liability company (“Ally Auto”), the Seller does hereby sell, assign, transfer and otherwise convey unto Ally
Auto, without recourse, as of [August 23, 2017], (i) all right, title and interest of the Seller in, to and under the Receivables listed on the Schedule of Receivables attached as Schedule A hereto and all monies received thereon on and
after the [Substitute] Cutoff Date, exclusive of any amounts allocable to the premium for physical damage collateral protection insurance required by the Seller or the Servicer covering any related Financed Vehicle; (ii) the interest of the
Seller in the security interests in the Financed Vehicles granted by Obligors pursuant to the Receivables and, to the extent permitted by law, any accessions thereto; (iii) the interest of the Seller in any proceeds from claims on any physical
damage, credit life, credit disability or other insurance policies covering the related Financed Vehicles or Obligors; (iv) the interest of the Seller in any proceeds from recourse against Dealers on the Receivables; (v) all right, title
and interest of the Seller in, to and under the First Step Receivables Assignment; and (vi) all present and future claims, demands, causes and choses in action in respect of any or all the foregoing described in clauses (i), (ii), (iii), (iv)
and (v) above and all payments on or under and all proceeds of every kind and nature whatsoever in respect of any or all the foregoing, including all proceeds of the conversion of any or all of the foregoing, voluntary or involuntary, into cash
or other liquid property, all cash proceeds, accounts, accounts receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts, insurance proceeds, investment property, payment intangibles, general intangibles, condemnation awards,
rights to payment of any and every kind and other forms of obligations and receivables, instruments and other property which at any time constitute all or part of or are included in the proceeds of any of the foregoing. 

It is the intention of the Seller and Ally Auto that the sale, transfer, assignment and other conveyances of the Receivables contemplated by
the Pooling Agreement and this First Step Receivables Assignment shall constitute a sale of the Receivables from the Seller to Ally Auto and the beneficial interest in and title to the Receivables shall not be part of the Seller’s estate in the
event of the filing of a petition for insolvency, receivership or conservatorship by or against the Seller or placement into receivership or conservatorship of the Seller under any relevant bankruptcy, insolvency, receivership or conservatorship
law. 
 The foregoing sale, transfer, assignment and other conveyances of the Receivables contemplated by the Pooling Agreement and this
First Step Receivables Assignment do not constitute and are not intended to result in the creation of or an assumption by Ally Auto of any obligation of the undersigned to the Obligors, Dealers, insurers or any other Person in connection with the
Receivables, any Dealer Agreements, any insurance policies or any other agreement or instrument relating to any of them. 

  
 Ex. A-1 

 [For purposes of this First Step Receivables Assignment, the Substitute Cutoff Date shall be
[            ], 20[        ].] 

This First Step Receivables Assignment is made pursuant to and upon the representations, warranties and agreements on the part of the
undersigned contained in the Pooling Agreement and is to be governed by the Pooling Agreement. 
 Capitalized terms used herein and not
otherwise defined herein shall have the meaning assigned to them in the Pooling Agreement. 

*    *    *    *    * 

  
 Ex. A-2 

 IN WITNESS WHEREOF, the undersigned has caused this First Step Receivables Assignment to be duly
executed as of the day and year first above written. 
  

			
	ALLY BANK
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 Ex. A-3 

 SCHEDULE A 

SCHEDULE OF RECEIVABLES 

The Schedule of Receivables is 

on file at the offices of: 
  

	1.	The Indenture Trustee 

  

	2.	The Owner Trustee 

  

	3.	The Servicer 

  

	4.	The Seller 

  

	5.	Ally Auto Assets LLC 

  
 Sch. A 

 APPENDIX A 

Part I 
 For ease of reference,
capitalized terms defined herein have been consolidated with and are contained in Part I of Appendix A to the Servicing Agreement of even date herewith among Ally Bank, Ally Auto Assets LLC and Ally Auto Receivables Trust 2017-4, as amended and supplemented from time to time. 
 Part II 

For ease of reference, the rules of construction have been consolidated with and are contained in Part II of Appendix A to the Servicing
Agreement of even date herewith among Ally Bank, Ally Auto Assets LLC and Ally Auto Receivables Trust 2017-4, as amended and supplemented from time to time. 

Part III 
 For ease of reference,
the notice addresses and procedures have been consolidated with and are contained in Appendix B to the Servicing Agreement of even date herewith among Ally Bank, Ally Auto Assets LLC and Ally Auto Receivables Trust 2017-4, as amended and supplemented from time to time. 

  
 App. A 

 APPENDIX B 

Additional Representations and Warranties 
  

	1.	While it is the intention of the Seller and Ally Auto that the transfer and assignment contemplated by this Agreement and the First Step Receivables Assignment shall constitute sales of the Purchased Property from the
Seller to Ally Auto, this Agreement, the Trust Sale Agreement and the Indenture create a valid and continuing security interest (as defined in the applicable UCC) in the Purchased Property in favor of Ally Auto, the Trust and the Indenture Trustee,
as applicable, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Seller, Ally Auto and the Issuing Entity, respectively. 

 

	2.	All steps necessary to perfect the Seller’s security interest against each Obligor in the property securing the Purchased Property have been taken. 

 

	3.	Prior to the sale of the Purchased Property to Ally Auto under this Agreement, the Receivables constitute “tangible chattel paper” or “electronic chattel paper” within the meaning of the applicable
UCC. 

  

	4.	The Seller owns and has good and marketable title to the Purchased Property free and clear of any Lien, claim or encumbrance of any Person. 

 

	5.	The Seller has caused or will have caused, within ten (10) days, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to
perfect the security interest in the Purchased Property granted to Ally Auto hereunder, the Issuing Entity under the Trust Sale Agreement and the Indenture Trustee under the Indenture. 

 

	6.	Other than the security interest granted to Ally Auto pursuant to the Basic Documents, the Issuing Entity under the Trust Sale Agreement and the Indenture Trustee under the Indenture none of the Seller, Ally Auto or the
Issuing Entity has pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Purchased Property. None of the Seller, Ally Auto or the Issuing Entity has authorized the filing of, nor is the Seller aware of, any
financing statements against the Seller, Ally Auto or the Issuing Entity that include a description of collateral covering the Purchased Property other than the financing statements relating to the security interests granted to Ally Auto, the
Issuing Entity and the Indenture Trustee under the Basic Documents or any financing statement that has been terminated. The Seller is not aware of any judgment or tax lien filings against the Seller, Ally Auto or the Issuing Entity.

  

	7.	 The Custodian has in its possession or with third party vendors all original copies (or, with respect to
Receivables that are “electronic chattel paper,” authoritative copies) of the Receivables Files and other documents that constitute or evidence the Receivables and the Purchased Property. The Receivables Files and other documents that
constitute or evidence the Receivables that are “tangible chattel paper” do not have any marks or 

  
 App. B-1 

	 	
notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than Ally Auto. All financing statements filed or to be filed against the Seller in favor of
Ally Auto in connection herewith describing the Receivables contain a statement to the following effect: “A purchase of or security interest in any collateral described in this financing statement will violate the rights of Ally Auto.”

  
 App. B-2EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 

JAZZ INVESTMENTS I LIMITED, as Issuer 

JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY, as Guarantor 

AND 
 U.S. BANK NATIONAL
ASSOCIATION, as Trustee 
  
  

Indenture 
 Dated as of
August 23, 2017 
 1.50% Exchangeable Senior Notes due 2024 
  

 

 TABLE OF CONTENTS 
  

					
		
	ARTICLE 1     DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	1
			
	 Section 1.01
	  	Definitions	  	1
			
	 Section 1.02
	  	Compliance Certificates and Opinions	  	15
			
	 Section 1.03
	  	Form of Documents Delivered to Trustee	  	15
			
	 Section 1.04
	  	Acts of Holders; Record Dates	  	16
			
	 Section 1.05
	  	Notices, Etc., to Trustee and the Issuer	  	17
			
	 Section 1.06
	  	Notice to Holders; Waiver	  	17
		
	ARTICLE 2     SECURITY FORMS	  	18
			
	 Section 2.01
	  	Forms Generally	  	18
			
	 Section 2.02
	  	Form of Face of Note	  	18
			
	 Section 2.03
	  	Form of Reverse of Note	  	23
		
	ARTICLE 3     THE SECURITIES	  	30
			
	 Section 3.01
	  	Title and Terms; Payments	  	30
			
	 Section 3.02
	  	Denominations	  	31
			
	 Section 3.03
	  	Execution, Authentication, Delivery and Dating	  	31
			
	 Section 3.04
	  	Temporary Notes	  	31
			
	 Section 3.05
	  	Registration; Registration of Transfer and Exchange	  	32
			
	 Section 3.06
	  	Transfer Restrictions	  	33
			
	 Section 3.07
	  	Expiration of Restrictions	  	35
			
	 Section 3.08
	  	Mutilated, Destroyed, Lost and Stolen Notes	  	36
			
	 Section 3.09
	  	Persons Deemed Owners	  	37
			
	 Section 3.10
	  	Transfer and Exchange	  	37
			
	 Section 3.11
	  	Cancellation	  	40
			
	 Section 3.12
	  	CUSIP Numbers	  	41
			
	 Section 3.13
	  	Payment and Computation of Interest	  	41
			
	 Section 3.14
	  	Business Day	  	41
		
	ARTICLE 4     PARTICULAR COVENANTS OF THE ISSUER	  	41
			
	 Section 4.01
	  	Payment of Principal and Interest	  	41
			
	 Section 4.02
	  	Maintenance of Office or Agency	  	42
			
	 Section 4.03
	  	Appointments to Fill Vacancies in Trustee’s Office	  	42
			
	 Section 4.04
	  	Provisions as to Paying Agent	  	42
			
	 Section 4.05
	  	Existence	  	44
			
	 Section 4.06
	  	Additional Interest	  	44
			
	 Section 4.07
	  	Rule 144A Information Requirement and Annual Reports	  	45
			
	 Section 4.08
	  	Stay; Extension and Usury Laws	  	46

  
 ii 

					
			
	 Section 4.09
	  	Compliance Certificate; Statements as to Defaults	  	46
			
	 Section 4.10
	  	Additional Amounts	  	46
			
	 Section 4.11
	  	Listing of the Notes	  	49
		
	ARTICLE 5     REDEMPTION	  	50
			
	 Section 5.01
	  	Optional Redemption	  	50
			
	 Section 5.02
	  	Notice of Tax Redemption and Notice of Provisional Redemption	  	51
			
	 Section 5.03
	  	Holder’s Right to Elect in Connection with a Tax Redemption	  	53
			
	 Section 5.04
	  	Effect of Notice of Tax Redemption and Notice of Provisional Redemption	  	54
			
	 Section 5.05
	  	Deposit of Redemption Price	  	54
			
	 Section 5.06
	  	Notes Redeemed in Part	  	55
		
	ARTICLE 6     [RESERVED]	  	55
		
	ARTICLE 7     EXCHANGE	  	55
			
	 Section 7.01
	  	Right to Exchange	  	55
			
	 Section 7.02
	  	Exchange Procedures	  	58
			
	 Section 7.03
	  	Settlement Upon Exchange	  	61
			
	 Section 7.04
	  	Certain Provisions Related to Ordinary Shares Issued Hereunder	  	65
			
	 Section 7.05
	  	Adjustment of Exchange Rate	  	66
			
	 Section 7.06
	  	Adjustments to Exchange Rate upon Exchange In Connection With a Make-Whole Fundamental Change	  	78
			
	 Section 7.07
	  	Effect of Recapitalization, Reclassification, Consolidation, Merger or Sale	  	81
			
	 Section 7.08
	  	No Responsibility of Trustee	  	83
		
	ARTICLE 8     PURCHASE AT OPTION OF HOLDERS UPON A FUNDAMENTAL CHANGE	  	84
			
	 Section 8.01
	  	Fundamental Change Permits Holders to Require the Issuer to Repurchase the Notes	  	84
			
	 Section 8.02
	  	Fundamental Change Notice	  	84
			
	 Section 8.03
	  	Fundamental Change Repurchase Notice	  	85
			
	 Section 8.04
	  	Withdrawal of Fundamental Change Repurchase Notice	  	86
			
	 Section 8.05
	  	Effect of Fundamental Change Repurchase Notice	  	87
			
	 Section 8.06
	  	Notes Repurchased in Whole or in Part	  	88
			
	 Section 8.07
	  	Covenant to Comply with Securities Laws upon Repurchase of Notes	  	88
			
	 Section 8.08
	  	Deposit Fundamental Change Repurchase Price	  	88
			
	 Section 8.09
	  	Covenant Not to Repurchase Notes upon Certain Events of Default	  	88
			
	 Section 8.10
	  	Repurchase by Third Party	  	89
		
	ARTICLE 9     EVENTS OF DEFAULT; REMEDIES	  	89
			
	 Section 9.01
	  	Events of Default	  	89
			
	 Section 9.02
	  	Acceleration	  	91
			
	 Section 9.03
	  	Other Remedies	  	92
			
	 Section 9.04
	  	Sole Remedy for Failure to Report	  	92

  
 iii 

					
			
	 Section 9.05
	  	[Reserved]	  	93
			
	 Section 9.06
	  	Control By Majority	  	93
			
	 Section 9.07
	  	Limitation on Suits	  	93
			
	 Section 9.08
	  	Rights of Holders to Receive Payment and to Exchange	  	94
			
	 Section 9.09
	  	Collection Suit by Trustee	  	94
			
	 Section 9.10
	  	Trustee May Enforce Claims Without Possession of Notes	  	95
			
	 Section 9.11
	  	Trustee May File Proofs of Claim	  	95
			
	 Section 9.12
	  	Restoration of Rights and Remedies	  	95
			
	 Section 9.13
	  	Rights and Remedies Cumulative	  	95
			
	 Section 9.14
	  	Delay or Omission Not a Waiver	  	96
			
	 Section 9.15
	  	Priorities	  	96
			
	 Section 9.16
	  	Undertaking for Costs	  	96
		
	ARTICLE 10     CONSOLIDATION, MERGER, AMALGAMATION OR SALE OF ASSETS AND TAX RESIDENCE	  	97
			
	 Section 10.01
	  	Issuer and Guarantor May Consolidate on Certain Terms	  	97
			
	 Section 10.02
	  	Successor to Be Substituted	  	97
			
	 Section 10.03
	  	Change of Tax Residence	  	98
		
	ARTICLE 11     THE TRUSTEE	  	98
			
	 Section 11.01
	  	Duties and Responsibilities of Trustee	  	98
			
	 Section 11.02
	  	Notice of Defaults	  	99
			
	 Section 11.03
	  	Reliance on Documents, Opinions, Etc.	  	99
			
	 Section 11.04
	  	No Responsibility for Recitals, Etc.	  	101
			
	 Section 11.05
	  	Trustee, Paying Agents, Exchange Agents or Registrar May Own Notes	  	101
			
	 Section 11.06
	  	Monies to be Held in Trust	  	101
			
	 Section 11.07
	  	Compensation and Expenses of Trustee	  	101
			
	 Section 11.08
	  	Officer’s Certificate as Evidence	  	102
			
	 Section 11.09
	  	Conflicting Interests of Trustee	  	102
			
	 Section 11.10
	  	Eligibility of Trustee	  	102
			
	 Section 11.11
	  	Resignation or Removal of Trustee	  	102
			
	 Section 11.12
	  	Acceptance by Successor Trustee	  	104
			
	 Section 11.13
	  	Succession by Merger, Etc.	  	104
			
	 Section 11.14
	  	Preferential Collection of Claims	  	105
			
	 Section 11.15
	  	Trustee’s Application for Instructions from the Issuer	  	105
		
	ARTICLE 12     HOLDERS’ LISTS AND REPORTS BY TRUSTEE	  	105
			
	 Section 12.01
	  	Issuer to Furnish Trustee Names and Addresses of Holders	  	105
			
	 Section 12.02
	  	Preservation of Information; Communications to Holders	  	106
			
	 Section 12.03
	  	Reports By Trustee	  	106

  
 iv 

					
		
	ARTICLE 13     SATISFACTION AND DISCHARGE	  	106
			
	 Section 13.01
	  	Discharge of Liability on Notes	  	106
			
	 Section 13.02
	  	Deposited Moneys to Be Held in Trust	  	107
			
	 Section 13.03
	  	Paying Agent to Repay Monies Held	  	107
			
	 Section 13.04
	  	Repayment to the Issuer	  	107
			
	 Section 13.05
	  	Reinstatement	  	107
		
	ARTICLE 14     SUPPLEMENTAL INDENTURES	  	107
			
	 Section 14.01
	  	Without Consent of Holders	  	107
			
	 Section 14.02
	  	With Consent of Holders	  	108
			
	 Section 14.03
	  	Notices of Supplemental Indentures	  	109
			
	 Section 14.04
	  	Execution of Supplemental Indentures	  	109
		
	ARTICLE 15     GUARANTEE	  	110
			
	 Section 15.01
	  	Guarantee	  	110
			
	 Section 15.02
	  	Limitation of Guarantor’s Liability; Certain Bankruptcy Events	  	112
			
	 Section 15.03
	  	Application of Certain Terms and Provisions to the Guarantor	  	112
		
	ARTICLE 16     MISCELLANEOUS	  	113
			
	 Section 16.01
	  	Official Acts by Successor Corporation	  	113
			
	 Section 16.02
	  	Notices	  	113
			
	 Section 16.03
	  	Rules by Trustee, Paying Agent and Registrar	  	114
			
	 Section 16.04
	  	Governing Law	  	114
			
	 Section 16.05
	  	No Recourse against Others	  	114
			
	 Section 16.06
	  	Successors	  	115
			
	 Section 16.07
	  	Multiple Originals	  	115
			
	 Section 16.08
	  	Benefits of Indenture	  	115
			
	 Section 16.09
	  	Table of Contents; Headings	  	115
			
	 Section 16.10
	  	Severability Clause	  	115
			
	 Section 16.11
	  	Calculations	  	115
			
	 Section 16.12
	  	Waiver of Jury Trial	  	115
			
	 Section 16.13
	  	Consent to Jurisdiction	  	116
			
	 Section 16.14
	  	Judgment Currency	  	116
			
	 Section 16.15
	  	Force Majeure	  	116
			
	 Section 16.16
	  	U.S.A. Patriot Act	  	117

  
 v 

 INDENTURE, dated as of August 23, 2017 by and among Jazz Investments I Limited, a Bermuda
exempted company limited by shares, as Issuer (as more fully set forth in Section 1.01, the “Issuer”), Jazz Pharmaceuticals Public Limited Company, a public limited company formed under the laws of Ireland, as Guarantor (as
more fully set forth in Section 1.01, the “Guarantor”), and U.S. Bank National Association, a national banking association, as Trustee (as more fully set forth in Section 1.01, the “Trustee”). 

RECITALS OF THE ISSUER 

WHEREAS, the Issuer has duly authorized the creation of an issue of 1.50% Exchangeable Senior Notes due 2024 (each a “Note”
and collectively, the “Notes”) guaranteed on a senior unsecured basis by the Guarantor of the tenor and amount hereinafter set forth, and to provide therefor the Issuer has duly authorized the execution and delivery of this
Indenture and the Guarantor has duly authorized the execution and delivery of this Indenture and issuance of the Guarantee of the Notes (as more fully set forth in Section 1.01, the “Guarantee”); and 

WHEREAS, all things necessary to make the Notes and the Guarantee, when the Notes are executed by the Issuer and this Indenture is executed by
the Issuer and the Guarantor, respectively, and authenticated and delivered hereunder and duly issued by the Issuer and the Guarantor, respectively, the valid and legally binding obligations of the Issuer and the Guarantor, respectively, and to make
this Indenture a valid and legally binding agreement of the Issuer and the Guarantor, in accordance with the terms of the Notes; the Guarantee and the Indenture, have been done. 

NOW, THEREFORE, THIS INDENTURE WITNESSETH, for and in consideration of the premises and the purchases of the Notes and the Guarantee by the
Holders thereof, it is mutually agreed, for the benefit of the Issuer and the equal and proportionate benefit of all Holders of the Notes and the Guarantee, as follows: 

ARTICLE 1 
 DEFINITIONS AND OTHER
PROVISIONS OF GENERAL APPLICATION 
 Section 1.01 Definitions. For all purposes of this Indenture, except as otherwise expressly
provided or unless the context otherwise requires: 
 (a) the terms defined in this Article 1 have the meanings assigned to
them in this Article and include the plural as well as the singular; 
 (b) all accounting terms not otherwise defined herein
have the meanings assigned to them in accordance with GAAP; and 
 (c) the words “herein,” “hereof’ and
“hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 

“Act” when used with respect to any Holder, has the meaning specified in Section 1.04. 

“Additional Amounts” has the meaning specified in Section 4.10. 

  
 1 

 “Additional Interest” means all amounts, if any, payable pursuant to
Section 4.06 and Section 9.04 hereof. Unless the context otherwise requires, all references in this Indenture to interest include Additional Interest, if any. Any express reference to Additional Interest in this Indenture shall not be
construed as excluding Additional Interest in any other text where no such express reference is made. 
 “Additional Notes”
means any Notes (other than the Initial Notes) issued under this Indenture in accordance with Section 3.01 hereof. 

“Additional Shares” has the meaning specified in Section 7.06(a). 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For the purposes of this definition, “control,” when used with respect to any specified Person means the power to direct or cause the direction of the management and policies of
such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. Notwithstanding anything
to the contrary herein, the determination of whether one Person is an “Affiliate” of another Person for purposes of this Indenture shall be made based on the facts at the time such determination is made or required to be made, as the case
may be, hereunder. 
 “Agent Members” has the meaning specified in Section 3.05(b). 

“applicable Exchange Price” means the Exchange Price in effect at any given time. 

“applicable Exchange Rate” means the Exchange Rate in effect at any given time. 

“Applicable Procedures” means, with respect to any matter at any time relating to a Global Note or any beneficial interest
therein, the rules, policies and procedures of the Depositary applicable to such matter. 
 “Applicable Taxes” has the
meaning specified in Section 4.10. 
 “Bankruptcy Law” means Title 11 of the United States Code (or any successor
thereto) or any similar bankruptcy, insolvency or other U.S. federal or state law, or equivalent foreign law (including Irish or Bermudian law), for the relief of debtors, whether now or hereafter in effect. 

“Benefited Party” has the meaning specified in Section 15.01. 

“Bid Solicitation Agent” means the Issuer or the Person appointed by the Issuer to solicit bids for the Trading Price of the
Notes in accordance with Section 7.01(b). The Issuer shall initially act as the Bid Solicitation Agent. 
 “Board of
Directors” means either the Board of Directors of the Issuer or any duly authorized committee of that board. 

  
 2 

 “Business Day” means any day other than a Saturday, a Sunday or a day on which
the Federal Reserve Bank of New York is authorized or required by law or executive order to close or be closed. 
 “Cash
Settlement” has the meaning specified in Section 7.03(a). 
 “Change in Tax Law” has the meaning specified in
Section 5.01(a). 
 “Clause A Distribution” has the meaning specified in Section 7.05(c). 

“Clause B Distribution” has the meaning specified in Section 7.05(c). 

“Clause C Distribution” has the meaning specified in Section 7.05(c). 

“Close of Business” means 5:00 p.m. New York City time. 

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

“Combination Settlement” has the meaning specified in Section 7.03(a). 

“Commission” means the U.S. Securities and Exchange Commission, as from time to time constituted, created under the Exchange
Act. 
 “Company Order” means a written request or order signed in the name of the Issuer by any Officer, and delivered to
the Trustee. 
 “Corporate Trust Office” means the office of the Trustee at which the corporate trust business of the
Trustee shall, at any particular time, be principally administered, which office is, at the date as of which this Indenture is dated, located at U.S. Bank National Association, Global Corporate Trust Services, Mailcode: EP-MN-WS3C, 60 Livingston
Avenue, St. Paul, Minnesota 55107-2292; Attention: Rick Prokosch, or such other address in the United States as the Trustee may designate from time to time by notice to the Holders and the Issuer, or the principal corporate trust office in the
United States of any successor Trustee (or such other address in the United States as such successor Trustee may designate from time to time by notice to the Holders and the Issuer). 

“Custodian” means any receiver, examiner, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy
Law. 
 “Daily Exchange Value” means, for any of the 30 consecutive VWAP Trading Days during an Observation Period,
one-thirtieth (1/30th) of the product of (i) the applicable Exchange Rate on such VWAP Trading Day and (ii) the Daily VWAP on such VWAP Trading Day. 

“Daily Measurement Value” means the Specified Dollar Amount (if any) divided by 30. 

  
 3 

 “Daily Settlement Amount” for any of the 30 consecutive VWAP Trading Days during
an Observation Period, shall consist of: 
  

	(1)	cash equal to the lesser of (a) the Daily Measurement Value for such Observation Period and (b) the Daily Exchange Value for such VWAP Trading Day; and 

 

	(2)	if the Daily Exchange Value for such VWAP Trading Day exceeds the Daily Measurement Value for such Observation Period, the Daily Share Amount for such VWAP Trading Day. 

“Daily Share Amount” means, for any of the 30 consecutive VWAP Trading Days during an Observation Period on which the Daily
Exchange Value exceeds the Daily Measurement Value, the amount equal to (i) the difference between the Daily Exchange Value for such VWAP Trading Day and the Daily Measurement Value for such VWAP Trading Day, divided by (ii) the
Daily VWAP for such VWAP Trading Day. 
 “Daily VWAP” means the per Ordinary Share volume-weighted average price as
displayed under the heading “Bloomberg VWAP” on Bloomberg page JAZZ<equity>AQR (or its equivalent successor if such page is not available) in respect of the period from the scheduled open of trading until the scheduled close of
trading of the primary trading session on such VWAP Trading Day (or if such volume-weighted average price is unavailable, the market value of one Ordinary Share on such VWAP Trading Day, determined, using a volume-weighted average method, by a
nationally recognized independent investment banking firm retained for this purpose by the Issuer). The Daily VWAP will be determined without regard to after hours trading or any other trading outside of the regular trading session trading hours.

 “Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of
Default. 
 “Depositary” means DTC until a successor Depositary shall have been appointed and become such pursuant to the
applicable provisions of this Indenture, and thereafter “Depositary” shall mean such successor Depositary. 
 “Distributed
Property” has the meaning specified in Section 7.05(c). 
 “DTC” means The Depository Trust Company. 

“Effective Date” means the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable
market, regular way, reflecting the relevant share subdivision or share consolidation, as applicable. 
 “Event of Default”
has the meaning specified in Section 9.01. 
 “Ex-Dividend Date” means the first date on which the Ordinary Shares
trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Guarantor or, if applicable, from the seller of the Ordinary Shares on such exchange
or market (in the form of due bills or otherwise) as determined by such exchange or market. 
 “Exchange Act” means the
U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder. 

  
 4 

 “Exchange Agent” initially means the Trustee or such other office or agency
designated by the Issuer where Notes may be presented for exchange. 
 “Exchange Consideration” has the meaning specified
in Section 7.03(c). 
 “Exchange Date” has the meaning specified in Section 7.02(a). 

“Exchange Notice” has the meaning specified in Section 7.02(a). 

“Exchange Obligation” has the meaning specified in Section 7.03(a). 

“Exchange Price” means, per Ordinary Share, $1,000 divided by the applicable Exchange Rate. 

“Exchange Rate” means initially 4.5659 Ordinary Shares per $1,000 principal amount of Notes, subject to adjustment as set
forth herein. 
 “Excluded Holder” has the meaning specified in Section 5.03(b). 

“Financial Institution Surrender” has the meaning specified in Section 7.03(c). 

“Financial Institution Surrender Election” has the meaning specified in Section 7.03(c). 

“Freely Tradable” means, with respect to any Notes and any proposed transfer thereof, that such Notes are freely tradable by
Holders, other than affiliates of the Issuer or the Guarantor (within the meaning of Rule 144) or Holders that were affiliates of the Issuer or the Guarantor (within the meaning of Rule 144) during the three months immediately preceding the proposed
transfer (as a result of restrictions imposed by U.S. federal securities laws or the terms of this Indenture or the Notes). 
 “Free
Trade Date” means the date that is one year after the last date of original issuance of the Initial Notes under this Indenture. 

“Fundamental Change” shall be deemed to have occurred at the time after the Issue Date of the Notes if any of the following
occurs: 
  

	(1)	any “person” or “group” (within the meaning of Section 13(d) of the Exchange Act), other than the Guarantor or its Subsidiaries or its or their employee benefit plans, files a Schedule TO or any
schedule, form or report under the Exchange Act disclosing that such person or group has become the direct or indirect “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of the Guarantor’s Ordinary Share Capital
representing more than 50% of the voting power of the Guarantor’s issued Ordinary Share Capital; 

  

	(2)	 the consummation of (A) any recapitalization, reclassification or change of the Ordinary Shares (other than
changes resulting from a subdivision or consolidation) as a result of which the Ordinary Shares would be converted into, or exchanged for, shares, other securities, or other property or assets; (B) any share exchange, consolidation or merger

  
 5 

	 	
of, or scheme of arrangement involving, the Guarantor pursuant to which the Ordinary Shares will be converted into, or exchanged for, cash, securities or other property or assets; or (C) any
sale, lease or other transfer in one transaction or a series of transactions of all or substantially all of the consolidated assets of the Guarantor and its Subsidiaries, taken as a whole, to any Person other than one of the Guarantor’s direct
or indirect Wholly Owned Subsidiaries; provided, however, that a transaction described in clause (A) or (B) in which the holders of all classes of the Ordinary Share Capital or common equity of the Guarantor immediately prior to
such transaction own, directly or indirectly, more than 50% of all classes of the issued Ordinary Share Capital or common equity of the continuing or surviving person or transferee or the parent thereof immediately after such transaction in
substantially the same proportions (relative to each other) as such ownership immediately prior to such transaction shall not be a Fundamental Change pursuant to this clause (2); 

 

	(3)	the Guarantor’s shareholders approve any plan or proposal for the liquidation or dissolution of the Guarantor (other than in a transaction described in clause (2) above); or 

 

	(4)	Ordinary Shares (or other Ordinary Share Capital or common equity interests (or depositary receipts) underlying the Notes based on which the Notes are then exchangeable pursuant to the terms of the Indenture) cease to
be listed on any of The New York Stock Exchange, The NASDAQ Global Market, The NASDAQ Global Select Market or The NASDAQ Capital Market (or any of their respective successors); 

provided, however, that in the case of an event, transaction or series of related transactions described in clause (1) or (2) above,
if at least 90% of the consideration received or to be received by holders of the Ordinary Shares (excluding cash payments for fractional ordinary shares or dissenter’s rights) in the event, transaction or transactions that would otherwise
constitute a Fundamental Change consists of Publicly Traded Securities, and as a result of such event, transaction or transactions, the Notes become exchangeable based on such consideration, excluding cash payments for fractional ordinary shares or
dissenter’s rights (subject to settlement in accordance with the provisions of Sections 7.03, 7.05 and 7.06), such event, transaction or transactions shall not be a “Fundamental Change.” 

If any transaction in which the Ordinary Shares are replaced by the securities of another Person occurs, following completion of any related Make-Whole
Fundamental Change Period (or, in the case of a transaction that would have been a Fundamental Change or a Make-Whole Fundamental Change but for the proviso immediately following clause (4) of the definition of Fundamental Change set
forth above), references to the Guarantor in the definition of “Fundamental Change” above shall instead be references to such other Person. 

“Fundamental Change Notice” has the meaning specified in Section 8.02(a). 

“Fundamental Change Notice Date” has the meaning specified in Section 8.02(a). 

“Fundamental Change Repurchase Date” has the meaning specified in Section 8.01(c). 

“Fundamental Change Repurchase Notice” has the meaning specified in Section 8.03(a)(i). 

  
 6 

 “Fundamental Change Repurchase Price” has the meaning specified in
Section 8.01(b). 
 “GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements
of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a
significant segment of the accounting profession, in each case, as in effect in the United States from time to time. 
 “Global
Note” means a Note in global form registered in the Register in the name of a Depositary or a nominee thereof. 

“Guarantee” means the full and unconditional guarantee provided by the Guarantor in respect of the Notes as made applicable
to the Notes in accordance with the provisions of Section 15.01 hereof. 
 “Guarantee Obligations” has the meaning
specified in Section 15.01. 
 “Guarantor” means the corporation named as the “Guarantor” in the first
paragraph of this Indenture, and, subject to the provisions of Article 10 and Section 7.07, shall include its successors and assigns. 

“Guarantor’s Board of Directors” means either the Board of Directors of the Guarantor or any duly authorized committee
of that board. 
 “Holder” means a Person in whose name a Note is registered in the Register. 

“Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or
more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental indenture. 

“Initial Notes” has the meaning specified in Section 3.01. 

“Initial Purchasers” means the initial purchasers named in Schedule I to the Purchase Agreement. 

“Interest Payment Date” means each February 15 and August 15 of each year, beginning February 15, 2018. 

“Issue Date” means August 23, 2017. 

“Issuer” means the Person named as the “Issuer” in the first paragraph of this instrument and, subject to the
provisions of Article 10 and Section 7.07, shall include its successors and assigns. 

  
 7 

 “Last Reported Sale Price” means, for the Ordinary Shares (or any other security
for which a Last Reported Sale Price must be determined), on any Trading Day, the closing sale price per Ordinary Share (or such other security, as the case may be) (or if no closing sale price is reported, the average of the bid and ask prices or,
if more than one in either case, the average of the average bid and the average ask prices) on that date as reported in composite transactions for the principal U.S. securities exchange on which the Ordinary Shares (or such other security as the
case may be) are listed. If the Ordinary Shares (or such other security, as the case may be) are not listed for trading on a U.S. national or regional securities exchange on the relevant date, the “Last Reported Sale Price” of the Ordinary
Shares (or such other security, as the case may be) will be the last quoted bid price for the Ordinary Shares (or such other security, as the case may be) in the over-the-counter market on the relevant date as reported by The OTC Markets Group Inc.
or a similar organization. If the Ordinary Shares (or such other security, as the case may be) are not so quoted, the “Last Reported Sale Price” will be the average of the mid-point of the last bid and ask prices for the Ordinary Shares
(or such other security, as the case may be) on the relevant date from each of at least three nationally recognized independent investment banking firms selected by the Issuer for this purpose, which may include one or more of the Initial
Purchasers. On or after the occurrence of a Merger Event, the Last Reported Sale Price of a Unit of Reference Property will be determined in accordance with this definition or, if it cannot be so determined, then it will be determined by the Board
of Directors in a commercially reasonable manner and in accordance with the procedures described in this Indenture and/or any applicable supplemental indenture. 

“Make-Whole Fundamental Change” means any transaction or event that would constitute a Fundamental Change (determined after
giving effect to any exceptions or exclusions to such definition, but without regard to the proviso in clause (2) of the definition thereof). 

“Make-Whole Fundamental Change Effective Date” has the meaning specified in Section 7.06(a). 

“Make-Whole Fundamental Change Period” has the meaning specified in Section 7.06(a). 

“Market Disruption Event” means, if the Ordinary Shares (or such other security, as the case may be) are listed for trading
on The NASDAQ Global Select Market or listed on another U.S. national or regional securities exchange, the occurrence or existence during the one-half hour period ending on the scheduled close of trading on any Trading Day of any material suspension
or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant securities exchange or otherwise) in the Ordinary Shares (or such other security, as the case may be) or in any options contracts or futures
contracts relating to the Ordinary Shares (or such other security, as the case may be). 
 “Maturity Date” means
August 15, 2024. 
 “Measurement Period” has the meaning specified in Section 7.01(b). 

“Merger Event” has the meaning specified in Section 7.07(a). 

“Notes” has the meaning specified in the first paragraph of the Recitals of the Issuer, and includes any Note or Notes, as
the case may be, authenticated and delivered under this Indenture, including any Global Note. 

  
 8 

 “Notice of Default” means written notice provided to the Issuer by the Trustee
or to the Issuer and the Trustee by the Holders of not less than 25% in aggregate principal amount of Notes outstanding of a Default by the Issuer or the Guarantor, which notice must specify the Default, demand that it be remedied and expressly
state that such notice is a “Notice of Default.” 
 “Notice of Provisional Redemption” has the meaning specified
in Section 5.02(a). 
 “Notice of Tax Redemption” has the meaning specified in Section 5.02(a). 

“Notice of Tax Redemption Election” has the meaning specified in Section 5.03(b). 

“Observation Period” means, with respect to any Note surrendered for exchange: 

 

	(1)	if the relevant Exchange Date occurs on or after the date the Issuer issues a Notice of Tax Redemption or Notice of Provisional Redemption, as applicable, but prior to the relevant Redemption Date, the 30 consecutive
VWAP Trading Days beginning on and including the 31st Scheduled Trading Day (or, if such Scheduled Trading Day is not a VWAP Trading Day, the immediately following VWAP Trading Day) immediately preceding such Redemption Date; 

 

	(2)	if the relevant Exchange Date occurs on or after May 15, 2024, the 30 consecutive VWAP Trading Days beginning on and including the 31st Scheduled Trading Day (or, if such Scheduled Trading Day is not a VWAP Trading
Day, the immediately following VWAP Trading Day) immediately preceding the Maturity Date; and 

  

	(3)	in all other instances, if the relevant Exchange Date occurs prior to May 15, 2024, the 30 consecutive VWAP Trading Day period beginning on and including the second VWAP Trading Day immediately succeeding such
Exchange Date. 

 “Offering Memorandum” means the Preliminary Offering Memorandum, dated August 17,
2017, as supplemented by the related pricing term sheet, dated August 17, 2017, relating to the offering and sale of the Initial Notes. 

“Officer” or “officer” shall mean, any Director of the Issuer, the Chairman of the Board of Directors, the
Chairman of the Guarantor’s Board of Directors and with respect to either the Issuer and/or the Guarantor, the Chief Executive Officer, the President, the Chief Financial Officer, a vice president (whether or not designated by a number or word
or words added before or after the title “vice president”), the Secretary, any Assistant Secretary, the Treasurer or any Assistant Treasurer. 

“Officer’s Certificate” means a certificate signed by an Officer and delivered to the Trustee. 

“Open of Business” means 9:00 a.m., New York City time. 

“Opinion of Counsel” means a written opinion of counsel, who may be external or in-house counsel for the Issuer or the
Guarantor. 

  
 9 

 “Ordinary Share Capital” of any Person means the Share Capital of such Person
that is generally entitled (a) to vote in the election of directors of such Person or (b) if such Person is not a corporation, to vote or otherwise participate in the selection of the governing body, partners, managers or others that will
control the management or policies of such Person. 
 “Ordinary Share Price” has the meaning specified in
Section 7.06(b). 
 “Ordinary Shares” means ordinary shares of the Guarantor, nominal value $0.0001 per share, at the
date of the Indenture, subject to Section 7.07. 
 “outstanding” when used with reference to Notes, shall, subject to
the provisions of Section 1.04 mean, as of any particular time, all Notes authenticated and delivered by the Trustee under this Indenture, except: 
  

	(1)	Notes theretofore canceled by the Trustee or accepted by the Trustee for cancellation; 

  

	(2)	Notes, or portions thereof, that have become due and payable and in respect of which monies in the necessary amount shall have been deposited in trust with the Trustee or with any Paying Agent (other than the Issuer or
the Guarantor) or shall have been set aside and segregated in trust by the Issuer (if the Issuer shall act as its own Paying Agent); 

  

	(3)	Notes that have been paid pursuant to Section 3.08 and Notes in lieu of which, or in substitution for which, other Notes shall have been authenticated and delivered pursuant to the terms of Section 3.08 unless
proof satisfactory to the Trustee is presented that any such Notes are held by protected purchasers in whose hands such Notes are valid obligations of the Issuer; 

 

	(4)	Notes exchanged pursuant to Article 7 and required to be cancelled pursuant to Section 3.11; 

  

	(5)	Notes redeemed pursuant to Article 5; and 

  

	(6)	Notes repurchased by the Issuer or Guarantor pursuant to the penultimate sentence of the first paragraph of Section 3.11. 

“Paying Agent” means any Person (including the Issuer) authorized by the Issuer to pay the principal amount of, interest on,
the Redemption Price of, the Additional Amounts on, the Fundamental Change Repurchase Price of, any Notes on behalf of the Issuer. U.S. Bank National Association shall initially be the Paying Agent. 

“Person” means any individual, corporation, partnership, private limited company, joint venture, trust, unincorporated
organization or government or any agency or political subdivision thereof. 
 “Physical Notes” means permanent certificated
Notes in registered form issued in denominations of $200,000 principal amount and integral multiples of $1,000 in excess thereof. 

  
 10 

 “Physical Settlement” has the meaning specified in Section 7.03(a). 

“Provisional Redemption” has the meaning specified in Section 5.01(b). 

“Provisional Redemption Date” means, when used with respect to any Note to be redeemed pursuant to a Provisional Redemption,
the date fixed for such redemption pursuant to this Indenture. 
 “Provisional Redemption Price” has the meaning specified
in Section 5.01(b). 
 “Publicly Traded Securities” means Ordinary Share Capital or common equity interests (or
depositary receipts) that are traded on The New York Stock Exchange, The NASDAQ Global Market, The NASDAQ Global Select Market or The NASDAQ Capital Market (or any of their respective successors) or that will be so traded when issued or exchanged in
connection with the event, transaction or transactions or events that would otherwise constitute a Fundamental Change under clause (1) or (2) of the definition thereof. 

“Purchase Agreement” means that certain Purchase Agreement, dated August 17, 2017, among the Issuer, the Guarantor and
the representatives of the Initial Purchasers, on behalf of the Initial Purchasers. 
 “Qualified Institutional Buyer” (or
“QIB”) has the meaning specified in Rule 144A. 
 “Record Date” means, with respect to any dividend,
distribution or other transaction or event in which the holders of the Ordinary Shares (or other applicable security) have the right to receive any cash, securities or other property or in which the Ordinary Shares (or other applicable security) is
exchanged for or exchanged into any combination of cash, securities or other property, the date fixed for determination of holders of the Ordinary Shares (or other applicable security) entitled to receive such cash, securities or other property
(whether such date is fixed by the Guarantor’s Board of Directors, by statute, by contract or otherwise). 
 “Redemption
Date” means the date fixed by the Issuer for Tax Redemption and/or Provisional Redemption, as the case may be, pursuant to this Indenture. 

“Redemption Notice” means a Notice of Tax Redemption or Notice of Provisional Redemption, as the case may be, pursuant to
this Indenture. 
 “Redemption Notice Date” means the date the Issuer delivers a Notice of Tax Redemption or Notice of
Provisional Redemption, as the case may be, pursuant to this Indenture. 
 “Redemption Period” has the meaning specified in
Section 7.06(a). 
 “Redemption Price” means the price fixed for Tax Redemption or Provisional Redemption, as the case
may be, pursuant to this Indenture. 
 “Reference Property” has the meaning specified in Section 7.07(a). 

“Register” and “Registrar” have the respective meanings specified in Section 3.05(a). 

  
 11 

 “Regular Record Date” means, with respect to the payment of interest on the
Notes, the Close of Business on February 1 or August 1, as the case may be, immediately preceding the relevant Interest Payment Date, whether or not a Business Day. 

“Relevant Taxing Jurisdiction” has the meaning specified in Section 4.10. 

“Reporting Default” has the meaning specified in Section 9.04(a). 

“Resale Restriction Termination Date” has the meaning specified in Section 3.07(b)(ii). 

“Restricted Global Note” has the meaning specified in Section 3.07(b)(i). 

“Restricted Note” has the meaning specified in Section 3.06(a)(i). 

“Restricted Notes Legend” means a legend substantially in the form set forth in Section 2.02. 

“Restricted Stock” has the meaning specified in Section 3.06(b)(i). 

“Restricted Stock Legend” means a legend substantially in the form set forth in Exhibit A hereto. 

“Rule 144” means Rule 144 under the Securities Act (including any successor rule thereto), as the same may be amended from
time to time. 
 “Rule 144A” means Rule 144A under the Securities Act (including any successor rule thereto), as the same
may be amended from time to time. 
 “Scheduled Trading Day” means a day that is scheduled to be a Trading Day (or VWAP
Trading Day, as applicable) on the primary U.S. national or regional securities exchange or market on which the Ordinary Shares (or such other security, as applicable) are listed or admitted for trading. If the Ordinary Shares (or such other
security, as applicable) are not so listed or admitted for trading, “Scheduled Trading Day” means a “Business Day.” 

“Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
 “Settlement Method” has the meaning specified in Section 7.03(a). 

“Settlement Notice” has the meaning specified in Section 7.03(b)(iii). 

“Share Capital” means any and all shares, interests, participations, rights or other equivalents (however designated) of
corporate stock and, with respect to partnerships, partnership interests (whether general or limited) and any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of
assets of, such partnership. 

  
 12 

 “Significant Subsidiary” means a Subsidiary of the Guarantor that meets the
definition of “significant subsidiary” as defined under Rule 1-02(w) of Regulation S-X under the Exchange Act; provided that, in the case of a Subsidiary of the Guarantor that meets the criteria of clause (3) of the definition
thereof but not clause (1) or clause (2) of the definition thereof, such Subsidiary shall not be deemed to be a Significant Subsidiary unless such Subsidiary’s income (or loss) from continuing operations before income taxes,
extraordinary items and cumulative effect of a change in accounting principle exclusive of amounts attributable to any non-controlling interests for the last completed fiscal year prior to the date of such determination exceeds $35,000,000. 

“Specified Dollar Amount” means the dollar amount per $1,000 principal amount of Notes to be received upon exchange as
specified in the Settlement Notice specifying the Issuer’s chosen Settlement Method (or deemed so specified). 

“Spin-Off” has the meaning specified in Section 7.05(c). 

“Subsidiary” means, with respect to any Person, any corporation, association, partnership or other business entity of which
more than 50% of the total voting power of shares of Share Capital or other interests (including partnership interests) entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, general partners
or trustees thereof is at the time owned or controlled, directly or indirectly, by (i) the Guarantor; (ii) the Guarantor and one or more Subsidiaries of the Guarantor; or (iii) one or more Subsidiaries of the Guarantor. 

“Tax Redemption” has the meaning specified in Section 5.01(a). 

“Tax Redemption Date” means, when used with respect to any Note to be redeemed pursuant to a Tax Redemption, the date fixed
for such Tax Redemption pursuant to this Indenture. 
 “Tax Redemption Price” has the meaning specified in
Section 5.01(a). 
 “Trading Day” means a Scheduled Trading Day on which (i) trading in the Ordinary Shares (or
such other security, as the case may be) generally occurs on The NASDAQ Global Select Market or, if the Ordinary Shares (or such other security, as the case may be) are not then listed on The NASDAQ Global Select Market, on the principal other U.S.
national or regional securities exchange on which the Ordinary Shares (or such other security, as the case may be) are then listed or, if the Ordinary Shares (or such other security, as the case may be) are not then listed on a U.S. national or
regional securities exchange, on the principal other market on which the Ordinary Shares (or such other security, as the case may be) are then traded, and (ii) there is no Market Disruption Event. If the Ordinary Shares are not so listed or
traded, “Trading Day” means “Business Day.” 
 “Trading Price” of the Notes on any date of
determination means the average of the secondary market bid quotations obtained by the Bid Solicitation Agent for $5,000,000 principal amount of Notes at approximately 3:30 p.m., New York City time, on such determination date from three independent
nationally recognized securities dealers selected by the Issuer, which may include one or more of the Initial Purchasers; provided, that if three such bids cannot 

  
 13 

 
reasonably be obtained by the Bid Solicitation Agent but two such bids are obtained, then the average of the two bids shall be used, and if only one such bid can reasonably be obtained by the Bid
Solicitation Agent, that one bid shall be used. If the Bid Solicitation Agent cannot reasonably obtain at least one bid for $5,000,000 principal amount of Notes from a nationally recognized securities dealer selected by the Issuer, then the Trading
Price per $1,000 principal amount of Notes will be deemed to be less than 98% of the product of the Last Reported Sale Price of the Ordinary Shares and the applicable Exchange Rate. 

“Transfer Taxes” has the meaning specified in Section 4.10. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended. 

“Trust Officer” shall mean, when used with respect to the Trustee, any officer within the corporate trust department of the
Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time
shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this
Indenture. 
 “Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture
until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean such successor Trustee. 

“Unit of Reference Property” has the meaning set forth in Section 7.07(a). 

“Valuation Period” has the meaning set forth in Section 7.05(c). 

“VWAP Market Disruption Event” means (i) a failure by the primary U.S. national or regional securities exchange or
market on which the Ordinary Shares are listed or admitted for trading to open for trading during its regular trading session or (ii) the occurrence or existence prior to 1:00 p.m., New York City time, on any Scheduled Trading Day for the
Ordinary Shares for more than one half hour period in the aggregate during regular trading hours of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant securities exchange or
otherwise) in the Ordinary Shares or in any options contracts or futures contracts relating to the Ordinary Shares. 
 “VWAP Trading
Day” means a day on which (i) there is no VWAP Market Disruption Event and (ii) trading in the Ordinary Shares generally occurs on The NASDAQ Global Select Market or, if the Ordinary Shares are not then listed on The NASDAQ Global
Select Market, on the primary other U.S. national or regional securities exchange on which the Ordinary Shares are then listed or, if the Ordinary Shares are not then listed on a U.S. national or regional securities exchange, on the principal other
market on which the Ordinary Shares are then listed or admitted for trading. If Ordinary Shares are not so listed or admitted for trading, “VWAP Trading Day” means a “Business Day.” 

  
 14 

 “Wholly Owned Subsidiary” means, with respect to any Person, any Subsidiary of
such Person, except that, solely for purposes of this definition, the reference to “more than 50%” in the definition of “Subsidiary” shall be deemed replaced by a reference to “100%,” the calculation of which shall
exclude nominal amounts of the voting power of shares of Share Capital or other interests in the relevant Subsidiary as may be required to satisfy local minority interest requirements outside the United States. 

Section 1.02 Compliance Certificates and Opinions. Upon any application or request by the Issuer to the Trustee to take, or
refrain from taking, any action under any provision of this Indenture, the Issuer shall, if requested by the Trustee, furnish to the Trustee an Opinion of Counsel and Officer’s Certificate each stating that, in the opinion of the signer, all
conditions precedent, if any, provided for in the Indenture relating to the proposed action have been complied with. Notwithstanding the foregoing, no Opinion of Counsel shall be required under this Section 1.02 in connection with the issuance
of the Initial Notes. 
 Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture
shall include: 
 (a) a statement that each individual signing such certificate or opinion has read such covenant or
condition and the definitions herein relating thereto; 
 (b) a brief statement as to the nature and scope of the examination
or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (c) a statement
that, in the opinion of each such individual, such individual has made such examination or investigation as is necessary to enable such individual to express an informed opinion as to whether or not such covenant or condition has been complied with;
and 
 (d) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied
with. 
 In giving any Opinion of Counsel, counsel may rely as to factual matters on an Officer’s Certificate or certificates of public
officials. 
 Section 1.03 Form of Documents Delivered to Trustee. In any case where several matters are required to be
certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one
such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 

Any certificate or opinion of an officer of the Issuer may be based, insofar as it relates to legal matters, upon a certificate or opinion of,
or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his/her certificate or opinion is based are
erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of 

  
 15 

 
the Issuer stating that the information with respect to such factual matters is in the possession of the Issuer, unless such counsel knows, or in the exercise of reasonable care should know, that
the certificate or opinion or representations with respect to such matters are erroneous. 
 Where any Person is required to make, give or
execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

Section 1.04 Acts of Holders; Record Dates. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be
given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by their agents duly appointed in writing and, except as herein otherwise expressly provided,
such action shall become effective when such instrument or instruments are delivered to a Trust Officer of the Trustee and, where it is hereby expressly required, to the Issuer. Such instrument or instruments (and the action embodied therein and
evidenced thereby) are herein sometimes referred to as an “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any
purpose of this Indenture and (subject to Section 11.01) conclusive in favor of the Trustee and the Issuer, if made in the manner provided in this Section. 

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a
witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where
such execution is by a signer acting in a capacity other than his/her individual capacity, such certificate or affidavit shall also constitute sufficient proof of his/her authority. The fact and date of the execution of any such instrument or
writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee reasonably deems sufficient. 

(c) The Issuer may, in the circumstances permitted by this Indenture, fix any day as the record date for the purpose of
determining the Holders entitled to give or take any request, demand, authorization, direction, notice, consent, waiver or other action, or to vote on any action, authorized or permitted to be given or taken by Holders. If not set by the Issuer
prior to the first solicitation of a Holder made by any Person in respect of any such action, or, in the case of any such vote, prior to such vote, the record date for any such action or vote shall be the 30th day (or, if later, the date of the most
recent list of Holders required to be provided pursuant to Section 12.01) prior to such first solicitation or vote, as the case may be. With regard to any record date, only the Holders on such date (or their duly designated proxies) shall be
entitled to give or take, or vote on, the relevant action. 
 (d) The ownership of Notes shall be proved by the Register.

  
 16 

 (e) In determining whether the Holders of the requisite aggregate principal
amount of Notes have concurred in any direction, consent, waiver or other action under this Indenture, Notes that are owned by the Guarantor, by any Subsidiary thereof (including the Issuer) or by any Person directly or indirectly controlling or
controlled by or under direct or indirect common control with the Guarantor or any Subsidiary thereof (including the Issuer) shall be disregarded and deemed not to be outstanding for the purpose of any such determination; provided that for
the purposes of determining whether the Trustee shall be protected in relying on any such direction, consent, waiver or other action only Notes that a Trust Officer actually knows are so owned shall be so disregarded. 

(f) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note shall bind
every future Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefore or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Issuer
in reliance thereon, whether or not notation of such action is made upon such Note. 
 Section 1.05 Notices, Etc., to Trustee and
the Issuer. Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with: 

(a) the Trustee by any Holder or by the Issuer shall be sufficient for every purpose hereunder if made, given, furnished or
filed in writing (including telecopy and, in the case of notices with respect to Global Notes, electronic transmission through the facilities of the Depositary) to or with the Trustee at its applicable Corporate Trust Office; or 

(b) the Issuer by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein
expressly provided) if in writing (including telecopy and, in the case of notices with respect to Global Notes, electronic transmission) and mailed, first-class postage prepaid, to the Issuer addressed to it at the addresses specified in
Section 16.02, or at any other address previously furnished in writing to the Trustee by the Issuer, Attention: Directors. 

Section 1.06 Notice to Holders; Waiver. Where this Indenture provides for notice to Holders of any event, such notice shall be
sufficiently given (unless otherwise herein expressly provided) if in writing (including telecopy and, in the case of notices with respect to Global Notes, electronic transmission through the facilities of the Depositary) and, in the case of
Physical Notes, mailed, first-class postage prepaid, to each Holder affected by such event, at such Holder’s address as it appears in the Register, not later than the latest date (if any), and not earlier than the earliest date (if any),
prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice
with respect to other Holders. In the case of a Global Note where notice is given by electronic transmission through the facilities of the Depositary and in accordance with the Applicable Procedures, none of the failure of the Depositary to provide
such notice, the failure of any Agent Member to 

  
 17 

 
deliver such notice from the Depositary to any Person holding a beneficial interest in any Global Note through an Agent Member, nor any defect in any notice so sent, shall affect the sufficiency
of such notice. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice.
Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

Whenever under this Indenture the Trustee is required to provide any notice by mail, in all cases the Trustee may alternatively provide notice
by overnight courier, by electronic delivery in pdf format or by facsimile, with confirmation of transmission. 
 ARTICLE 2 

SECURITY FORMS 
 Section 2.01
Forms Generally. The Notes and the Trustee’s certificates of authentication shall be in substantially the forms set forth in this Article, with such appropriate insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or Depositary therefore, the Code
and regulations thereunder, or as may, consistently herewith, be determined by the Officer or Officers executing such Notes, as evidenced by their execution thereof. 

The Notes shall initially be issued in the form of permanent Global Notes in registered form in substantially the form set forth in this
Article. The aggregate principal amount of the Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee, as FAST agent for the Depositary, as hereinafter provided. 

Section 2.02 Form of Face of Note. 

[Include the following legend for Global Notes only (the “Global Notes Legend”):] 

[THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE
DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A
NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY 

  
 18 

 
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 
 [Include
the following legend on all Notes that are Restricted Notes (the “Restricted Notes Legend”):] 

[THIS SECURITY AND THE ORDINARY SHARES, IF ANY, DELIVERABLE UPON EXCHANGE OF THIS SECURITY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:

  

	 	(1)	REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION
WITH RESPECT TO EACH SUCH ACCOUNT; AND 

  

	 	(2)	AGREES FOR THE BENEFIT OF THE ISSUER THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE LAST
ORIGINAL ISSUE DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THERETO AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT: 

 

	 	(A)	TO JAZZ INVESTMENTS I LIMITED (THE “ISSUER”), JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY (THE “PARENT”) OR ANY OF THEIR RESPECTIVE SUBSIDIARIES, OR 

 

	 	(B)	PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR 

  

	 	(C)	TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR 

  

	 	(D)	PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

  
 19 

 PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH CLAUSE (2)(D) ABOVE, THE
ISSUER, THE PARENT AND THE TRUSTEE RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE
SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

  
 20 

 1.50% Exchangeable Senior Notes due 2024 

 

			
	No. [    ]	  	U.S. $[            ]

 CUSIP NO. [    ] 

ISIN NO. [    ] 
 Jazz
Investments I Limited, a Bermuda exempted company limited by shares (herein called the “Company” or the “Issuer”), which term includes any successor corporation under the Indenture referred to on the reverse
hereof), for value received hereby promises to pay to [            ], or registered assigns, the principal sum of [            ]
UNITED STATES DOLLARS (U.S. $[            ]) (which amount may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the
Depositary, in accordance with the rules and procedures of the Depositary and in accordance with the below referred Indenture) on August 15, 2024. The principal amount of Physical Notes and interest thereon, as provided on the reverse hereof,
shall be payable at the Corporate Trust Office and at any other office or agency maintained by the Issuer for such purpose. The Issuer will pay, or cause to be paid through the Paying Agent, the principal of any Global Note and interest thereon, as
provided on the reverse hereof, in immediately available funds to The Depository Trust Company or its nominee, as the case may be, as the registered holder of such Global Note, on each Interest Payment Date, Redemption Date, Fundamental Change
Repurchase Date or other payment date, as the case may be. The Notes will be fully and unconditionally guaranteed by Jazz Pharmaceuticals Public Limited Company, a public limited company formed under the laws of Ireland (the
“Guarantor”), on a senior unsecured basis, in accordance with the provisions of Article 15 of the Indenture. 
 Reference
is made to the further provisions of this Note set forth on the reverse hereof, including, without limitation, provisions giving the Holder the right to exchange this Note into cash, Ordinary Shares or a combination of cash and Ordinary Shares, at
the Issuer’s election, to the ability and obligation of the Issuer to repurchase this Note upon certain events, to pay Additional Amounts on the Notes upon certain events and to redeem the Notes upon certain events, in each case, on the terms
and subject to the limitations referred to on the reverse hereof and as more fully specified in the Indenture. Such further provisions shall for all purposes have the same effect as though fully set forth at this place. Capitalized terms used but
not defined herein shall have such meanings as are ascribed to such terms in the Indenture. In the case of any conflict between this Note and the Indenture, the provisions of the Indenture shall control. 

This Note shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been manually
signed by the Trustee or a duly authorized authenticating agent under the Indenture. 

  
 21 

 IN WITNESS WHEREOF, the Company has caused this Note to be duly executed. 

 

			
	JAZZ INVESTMENTS I LIMITED
		
	By:	 	 
		 	Name:
		 	Title:

 Dated:             
         , 2017 
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

U.S. BANK NATIONAL ASSOCIATION, 
 as Trustee, certifies that this
is one of the Notes described 
 in the within-named Indenture. 
  

			
	By:	 	 
		 	Authorized Signatory
		 	Name:

  
 22 

 Section 2.03 Form of Reverse of Note. 

JAZZ INVESTMENTS I LIMITED 

1.50% Exchangeable Senior Notes due 2024 

This Note is one of a duly authorized issue of Notes of the Issuer, designated as its 1.50% Exchangeable Senior Notes due 2024 (the
“Notes”), all issued or to be issued under and pursuant to an Indenture dated as of August 23, 2017 (the “Indenture”), among the Issuer, the Guarantor and U.S. Bank National Association, as Trustee (the
“Trustee”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Issuer, the
Guarantor and the Holders of the Notes. The Indenture provides that Additional Notes may be issued thereunder, if certain conditions are met. 

Interest. The Notes will bear interest at a rate of 1.50% per year. Interest on the Notes will accrue from, and including,
August 23, 2017, or from the most recent date to which interest has been paid or duly provided for. Interest will be payable semiannually in arrears on each Interest Payment Date, beginning on February 15, 2018. Pursuant to the Indenture,
in certain circumstances, the Holders of Notes shall be entitled to receive Additional Interest. 
 Interest will be paid to the person in
whose name a Note is registered at the Close of Business on the February 1 or August 1 (whether or not such date is a Business Day), as the case may be, immediately preceding the relevant Interest Payment Date. Interest on the Notes will
be computed on the basis of a 360-day year composed of twelve 30-day months, and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. 

Interest will cease to accrue on a Note in the circumstances provided in the Indenture. 

Additional Amounts. The Issuer, the Guarantor or any successor to the Issuer or the Guarantor, as applicable, will make all payments
and deliveries on account of the Notes without withholding or deduction for taxes imposed by a relevant jurisdiction, unless such withholding or deduction is required by law. If any such withholding or deduction is required, the Issuer, the
Guarantor or any successor to the Issuer or the Guarantor, as applicable, will, in certain cases and subject to certain exceptions, pay such Additional Amounts as may be necessary so that the net amount received by beneficial owners of the Notes
after such withholding or deduction will not be less than the amount that would have been received in the absence of such withholding or deduction. 

Redemption at the Option of the Issuer. The Issuer may redeem the Notes at its option, prior to August 15, 2024, in whole but not
in part, in connection with a Change in Tax Law that results in Additional Amounts becoming due and payable in respect of payments and/or deliveries on the Notes. The Issuer also may redeem the Notes at its option on or after August 20, 2021,
in whole or in part, if the Last Reported Sale Price of the Ordinary Shares has been at least 130% of the Exchange Price then in effect for at least 20 Trading Days (whether or not consecutive) during any 30 consecutive Trading Day period ending
within the three Trading Days immediately preceding the date on which the Issuer provides Notice of Provisional Redemption at a Provisional Redemption Price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid
interest to, but excluding, the Provisional Redemption Date. No sinking fund is provided for the Notes. 

  
 23 

 Repurchase at the Option of the Holder Upon a Fundamental Change. Subject to the terms and
conditions of the Indenture, the Issuer shall become obligated, at the option of the Holder, to repurchase the Notes if a Fundamental Change occurs at a repurchase price specified in the Indenture. 

Exchange. Subject to and upon compliance with the provisions of the Indenture (including without limitation the conditions of exchange
of this Note set forth in Article 7 thereof), the Holder hereof has the right, at its option, during certain periods and upon the occurrence of certain conditions specified in the Indenture, to exchange the principal amount hereof or a certain
portion specified in the Indenture of such principal amount into Ordinary Shares at the applicable Exchange Rate. The Exchange Rate (and equivalent Exchange Price) are set forth in the Indenture and subject to adjustment in certain events described
in the Indenture. Upon exchange, the Issuer will deliver or cause to be delivered, as applicable, cash, Ordinary Shares or a combination of cash and Ordinary Shares as set forth in the Indenture. No fractional Ordinary Share will be issued upon any
exchange, but a payment in cash will be made, as provided in the Indenture, in respect of any fraction of an Ordinary Share which would otherwise be issuable upon the surrender of any Notes for exchange. Notes in respect of which a Holder is
exercising its right to require repurchase on a Fundamental Change Repurchase Date may be exchanged only if such Holder withdraws the related election to exercise such right in accordance with the terms of the Indenture. In case of certain events of
bankruptcy, insolvency, examinership or reorganization involving the Issuer or the Guarantor, such principal and accrued and unpaid interest, if any, shall be due and payable immediately without action by any Holder or the Trustee. 

In the event of a deposit or withdrawal of an interest in this Note, including an exchange, transfer, repurchase, redemption or exchange of
this Note in part only, the Trustee, as custodian of the Depositary, shall make an adjustment on its records to reflect such deposit or withdrawal in accordance with the rules and procedures of the Depositary. 

Acceleration of Maturity. Subject to certain exceptions in the Indenture, if an Event of Default shall occur and be continuing, the
principal amount plus accrued and unpaid interest, if any, through such date on all the Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 

Supplemental Indentures with Consent of Holders; Waiver of Past Defaults. The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the rights and obligations of the Issuer and the Guarantor and the rights of the Holders of the Notes under the Indenture at any time by the Issuer and the Trustee with the consent of the
Holders of not less than a majority in aggregate principal amount of the outstanding Notes. The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the outstanding Notes, on behalf of
the Holders of all the Notes, to waive compliance by the Issuer and the Guarantor with certain provisions of the Indenture and certain past Defaults and Events of Default under the Indenture and their consequences (other than with respect to
non-payment, a failure to satisfy the Exchange 

  
 24 

 
Obligation or a provision that cannot be waived without the consent of each Holder affected). Any such consent or waiver by the Holder of any provision of or applicable to this Note shall be
conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon
this Note. 
 Registration of Transfer and Exchange. As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Note is registrable in the Register, upon surrender of this Note for registration of transfer at the office or agency of the Issuer specified in accordance with the Indenture, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Issuer and the Registrar duly executed by, the Holder hereof or his/her attorney duly authorized in writing, and thereupon one or more new Notes, of authorized denominations and for the same
aggregate principal amount, will be issued to the designated transferee or transferees. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Issuer and the Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Note for registration of transfer, the Issuer, the Guarantor, the Trustee and the Registrar and any agent of
the Issuer or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Issuer, the Guarantor, the Trustee nor any such agent shall be affected
by notice to the contrary. 
 Denominations. The Notes are issuable only in registered form in denominations of $200,000 and any
integral multiple of $1,000 in excess thereof, as provided in the Indenture and subject to certain limitations therein set forth. Notes are exchangeable for a like aggregate principal amount of Notes of a different authorized denomination, as
requested by the Holder surrendering the same pursuant to the terms of the Indenture. 
 This Note and any claim, controversy or dispute
arising under or related to this Note shall be governed by, and construed in accordance with, the laws of the State of New York. 
 All
terms used in this Note that are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

  
 25 

 ASSIGNMENT FORM 

For value received
                         hereby sell(s), assign(s) and transfer(s) unto (Please insert social security or Taxpayer Identification
Number of assignee) the within Note, and hereby irrevocably constitutes and appoints                          attorney to
transfer the said Note on the books of the Issuer, with full power of substitution in the premises. 
 In connection with any transfer of a Restricted Note
occurring prior to the Resale Restriction Termination Date, as defined in the Indenture governing such Restricted Note, the undersigned confirms that such Restricted Note is being transferred: 

 

	 	☐	To Jazz Investments I Limited, Jazz Pharmaceuticals Public Limited Company or a respective subsidiary thereof; or 

  

	 	☐	Pursuant to a registration statement which has become effective under the Securities Act of 1933, as amended; or 

  

	 	☐	To a qualified institutional buyer in compliance with Rule 144A under the Securities Act; or 

  

	 	☐	Pursuant to an exemption from registration provided by Rule 144 under the Securities Act, or any other available exemption from the registration requirements of the Securities Act. 

TO BE COMPLETED BY PURCHASER IF THE THIRD BOX ABOVE IS CHECKED 

The undersigned represents and warrants that it is purchasing this Restricted Note for its own account or an account with respect to which it
exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act and is aware that the sale to it is being made in reliance on Rule 144A and
acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the
undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

									
	 Date:
	 	   
	 		 	Signed:	 	   

 Unless one of the above boxes is checked, the Trustee will refuse to register any of the Restricted Notes
evidenced by this certificate in the name of any Person other than the registered Holder thereof, provided that if the fourth box is checked, the Issuer, the Guarantor or the Trustee may require, prior to registering any such transfer of the
Notes, in its sole discretion, such legal opinions, certifications and other information as the Issuer, the Guarantor or the Trustee may reasonably request to confirm that such transfer is being made pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act. 

  
 26 

 If none of the foregoing boxes is checked, the Trustee or Registrar shall not be obligated to register this Note
in the name of any Person other than the Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in Section 3.10 of the Indenture shall have been satisfied. If this Note is not a Restricted Note,
the Trustee or Registrar shall not be obligated to register such Note in the name of any Person other than the Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in Section 3.10 of the
Indenture shall have been satisfied. 
  

			
	Dated:	 	 
		
	 	 	 
	
	 
	 Signature(s)

 

	Signature Guarantee

 Signature(s) must be guaranteed by an 

eligible Guarantor Institution (banks, stock 
 brokers, savings
and loan associations and 
 credit unions) with membership in an 

approved signature guarantee medallion 
 program pursuant to
Securities and 
 Exchange Commission Rule 17Ad-15 if 
 Notes
are to be delivered, other than to and 
 in the name of the registered holder. 

NOTICE: The signature on the assignment must correspond with the name as written upon the face of the Note in every particular without alteration or
enlargement or any change whatever. 

  
 27 

 EXCHANGE NOTICE 

If you want to exchange this Note into Ordinary Shares of the Guarantor, check the box: 

To exchange only part of this Note, state the principal amount to be exchanged (provided that the principal amount of this Note not so
exchanged is $200,000 or an integral multiple of $1,000 in excess thereof): 
 $
                                         
                        

If you want the share certificate, if any, made out in another person’s name, fill in the form below: 

 

	
	  

	(Insert other person’s social security or tax ID no.)
	
	  

	
	  

	
	  

	(Print or type other person’s name, address and zip code)

 Signature Guarantee:
                                         
                        
 Note:
Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Note Transfer Agent Medallion Program (“STAMP”)
or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Exchange Act of 1934, as amended. 

  
 28 

 [Form of Fundamental Change Repurchase Notice] 

To: U.S. Bank National Association 
 Corporate Trust Services

 Global Corporate Trust Services 
 Mailcode: EP-MN-WS3C 

60 Livingston Avenue 
 St. Paul, MN 55107-2292 

Attention: Rick Prokosch 
 Facsimile: (651) 466-7430 

The undersigned registered owner of this Note hereby acknowledges receipt of a notice from Jazz Investments I Limited (the
“Company” or the “Issuer”) as to the occurrence of a Fundamental Change with respect to the Issuer and specifying the Fundamental Change Repurchase Date and requests and instructs the Issuer to pay to the registered
holder hereof in accordance with the applicable provisions of the Indenture referred to in this Note (1) the entire principal amount of this Note, or the portion thereof (provided that the principal amount of this Note not so repurchased is
$200,000 principal amount or an integral multiple of $1,000 in excess thereof) below designated, and (2) if such Fundamental Change Repurchase Date does not fall during the period after a Regular Record Date and on or prior to the corresponding
Interest Payment Date, accrued and unpaid interest, if any, thereon to, but excluding, such Fundamental Change Repurchase Date. 
 In the
case of Physical Notes, the certificate numbers of the Notes to be repurchased are as set forth below: 
  

							
	Dated:	 	   
	 		 	  

				
		 	  
	 		 	  

		 		 		 	Signature(s)
				
		 	  
	 		 	  

		 		 		 	 Social Security or Other Taxpayer
  

Identification Number
  

Principal amount to be repaid (if less than all):

$            ,000

 NOTICE: The above signature(s) of the Holder(s) hereof must correspond with the name as written upon the face
of the Note in every particular without alteration or enlargement or any change whatever. 

  
 29 

 ARTICLE 3 

THE SECURITIES 
 Section 3.01
Title and Terms; Payments. 
 The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is
initially limited to $500,000,000 (as increased by an amount equal to the aggregate principal amount of any additional Notes purchased by the Initial Purchasers pursuant to the exercise of their option to purchase additional Notes as set forth in
the Purchase Agreement, the “Initial Notes”), except for Notes authenticated and delivered upon registration or transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.04, 3.05, 3.06, 3.07, 3.08, 3.10,
5.06, 7.02(c) or 8.06. The Issuer may, from time to time after the execution of this Indenture, without the consent of, or notice to, the Holders, reopen this Indenture and execute and deliver to the Trustee for authentication Additional Notes of an
unlimited aggregate principal amount, and the Trustee shall thereupon authenticate and deliver said Additional Notes to or upon receipt of a Company Order, without any further action by the Issuer hereunder; provided, however, that
(1) if any such Additional Notes are not fungible with the Initial Notes for securities laws purposes or the U.S. federal income tax purposes, any such Additional Notes will have one or more separate CUSIP numbers so long as they remain not
fungible; (2) such Additional Notes must be issued pursuant to the same terms (other than the issue price, the issue date, when interest begins accruing, and the first interest payment date, with respect to such Additional Notes, and, if
applicable, restrictions on transfer in respect of such Additional Notes) as the Initial Notes; and (3) the Trustee must receive an Officer’s Certificate to the effect that such issuance of Additional Notes complies with the provisions of
this Indenture, including each provision of this paragraph. 
 The Notes shall be known and designated as the “1.50% Exchangeable
Senior Notes due 2024” of the Issuer. The principal amount shall be payable on the Maturity Date. 
 The principal amount of Physical
Notes shall be payable at the office of the Paying Agent, which initially shall be the Corporate Trust Office, and at any other office or agency maintained by the Issuer for such purpose. Interest on Physical Notes will be payable (i) to
Holders holding Physical Notes having an aggregate principal amount of $5,000,000 or less of Notes, by check mailed to such Holders at the address set forth in the Register and (ii) to Holders holding Physical Notes having an aggregate
principal amount of more than $5,000,000 of Notes, either by check mailed to such Holders or, upon written application by a Holder to the Registrar not later than the relevant Regular Record Date for such interest payment, by wire transfer in
immediately available funds to such Holder’s account within the United States if such Holder has provided the Issuer, the Trustee, the Registrar or the Paying Agent with the requisite information necessary to make such wire transfer, which
application shall remain in effect until the Holder notifies the Registrar to the contrary in writing. The Issuer will pay, or cause to be paid through the Paying Agent, the principal of, and interest on, Global Notes in immediately available funds
to The Depository Trust Company or its nominee, as the case may be, as the registered holder of such Global Note, on each Interest Payment Date, Redemption Date, Fundamental Change Repurchase Date or other payment date, as the case may be. 

  
 30 

 Any Notes repurchased by the Issuer or the Guarantor will be retired and no longer outstanding
hereunder. 
 Section 3.02 Denominations. The Notes shall be issuable only in registered form without coupons and in
denominations of $200,000 and any integral multiple of $1,000 in excess thereof. 
 Section 3.03 Execution, Authentication, Delivery
and Dating. The Notes shall be executed on behalf of the Issuer by an Officer. 
 Notes bearing the manual or facsimile signatures of
individuals who were at any time an Officer of the Issuer shall bind the Issuer, notwithstanding that such individual has ceased to hold such office prior to the authentication and delivery of such Notes or did not hold such office at the date of
such Notes. 
 At any time and from time to time after the execution and delivery of this Indenture, the Issuer may deliver Notes executed
by the Issuer to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes. The Company Order shall specify the amount of Notes to be authenticated, and shall further specify the amount of such
Notes to be issued as a Global Notes or as Physical Notes. The Trustee in accordance with such Company Order shall authenticate and deliver such Notes as in this Indenture provided and not otherwise. 

Each Note shall be dated the date of its authentication. 

No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a
certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly
authenticated and delivered hereunder. 
 Section 3.04 Temporary Notes. Pending the preparation of Physical Notes, the Issuer
may execute, and upon Company Order, the Trustee shall authenticate and deliver, temporary Notes that are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the
Physical Notes in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the Officer executing such Notes may determine, as evidenced by such Officer’s execution of such Notes;
provided, that any such temporary Notes shall bear legends on the face of such Notes as set forth in Section 2.02. 
 If
temporary Notes are issued, the Issuer will cause Physical Notes to be prepared without unreasonable delay. After the preparation of Physical Notes, the temporary Notes shall be exchangeable for Physical Notes upon surrender of the temporary Notes
at any office or agency of the Issuer designated pursuant to Section 4.02, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Notes, the Issuer shall execute and the Trustee shall, upon Company Order,
authenticate and deliver in exchange therefore a like principal amount of Physical Notes of authorized denominations. Until so exchanged, the temporary Notes shall in all respects be entitled to the same benefits under this Indenture as Physical
Notes. 

  
 31 

 Section 3.05 Registration; Registration of Transfer and Exchange. 

(a) The Issuer shall cause to be kept at the applicable Corporate Trust Office of the Trustee a register (the register
maintained in such office and in any other office or agency designated pursuant to Section 4.02 being herein sometimes collectively referred to as the “Register”) in which, subject to such reasonable regulations as it may
prescribe, the Issuer shall provide for the registration of Notes and of transfers of Notes. The Trustee is hereby appointed “Registrar” (the “Registrar”) for the purpose of registering Notes and transfers of Notes as
herein provided. 
 Upon surrender for registration of transfer of any Note at an office or agency of the Issuer designated
pursuant to Section 4.02 for such purpose, the Issuer shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of any authorized denominations and of a like
aggregate principal amount and tenor, each such Note bearing such restrictive legends as may be required by this Indenture (including Sections 2.02, 3.06 and 3.10). 

At the option of the Holder and subject to the other provisions of Section 3.06 and to Section 3.10, Notes may be
exchanged for other Notes of any authorized denominations and of a like aggregate principal amount and tenor, upon surrender of the Notes to be exchanged at such office or agency. Whenever any Notes are so surrendered for exchange, the Issuer shall
execute, and the Trustee shall, upon Company Order, authenticate and deliver, the Notes which the Holder making the exchange is entitled to receive. 

All Notes issued upon any registration of transfer or exchange of Notes shall be the valid obligations of the Issuer,
evidencing the same debt, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such registration of transfer or exchange. 

Every Note presented or surrendered for registration of transfer or for exchange shall (if so required by the Issuer or the
Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Issuer and the Registrar duly executed, by the Holder thereof or his/her attorney duly authorized in writing. As a condition to the
registration of transfer of any Restricted Notes, the Issuer, the Guarantor or the Trustee may require evidence satisfactory to them as to the compliance with the restrictions set forth in the legend on such Notes. 

Neither the Issuer nor the Registrar shall be required to exchange or register a transfer of any Note in the circumstances set
forth in Section 3.10(a)(iv). 
 (b) Neither any members of, or participants in, the Depositary (collectively, the
“Agent Members”) nor any other Persons on whose behalf any Agent Member may act shall have any rights under this Indenture with respect to any Global Note registered in the name of the Depositary or any nominee thereof, or under any
such Global Note, and the Depositary or such nominee, as the case may be, may be treated by the Issuer, the Trustee and any agent of the Issuer, the Guarantor or the Trustee as the absolute owner 

  
 32 

 
and Holder of such Global Note for all purposes whatsoever. The Trustee shall have no responsibility or obligation to any Agent Members or any other Person on whose behalf Agent Members may act
with respect to (i) any ownership interests in the Global Note, (ii) the accuracy of the records of the Depositary or its nominee, (iii) any notice required hereunder or (iv) any payments under or with respect to the Global Note.
Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Guarantor, the Trustee or any agent of the Issuer, the Guarantor or the Trustee from giving effect to any written certification, proxy or other authorization furnished by
the Depositary or such nominee, as the case may be, or impair, as between the Depositary, its Agent Members and any other Person on whose behalf an Agent Member may act, the operation of customary practices of such Persons governing the exercise of
the rights of a Holder of any Note. The registered Holder of a Global Note may grant proxies and otherwise authorize any Person, including Agent Members and persons that may hold interests through Agent Members, to take any action that a Holder is
entitled to take under this Indenture or the Notes. 
 Section 3.06 Transfer Restrictions. 

(a) Restricted Notes. 

(i) Every Note (and all securities issued in exchange therefore or substitution thereof, except any Ordinary Shares issued upon
exchange thereof, to which the provisions of Section 3.06(b) below shall apply) that bears, or that is required under this Section 3.06 to bear, the Restricted Notes Legend will be deemed to be a “Restricted Note.” Each
Restricted Note will be subject to the restrictions on transfer set forth in this Indenture (including in the Restricted Notes Legend) and will bear a restricted CUSIP number for the Notes unless such restrictions on transfer are eliminated or
otherwise waived by written consent of the Issuer, and each Holder of a Restricted Note, by such Holder’s acceptance of such Restricted Note, will be deemed to be bound by the restrictions on transfer applicable to such Restricted Note. 

(ii) Until the Resale Restriction Termination Date, any Restricted Note (or any security issued in exchange therefore or
substitution thereof, except any Ordinary Shares issued upon the exchange thereof, to which the provisions of Section 3.06(b)(ii) below shall apply) issued under this Indenture, if any, will bear the Restricted Notes Legend unless: 

(A) such Note, since last held by the Issuer or the Guarantor or an affiliate of the Issuer or the Guarantor (within the
meaning of Rule 144), if ever, was transferred (1) to a Person other than (x) the Issuer or the Guarantor or (y) an affiliate of the Issuer or the Guarantor (within the meaning of Rule 144) or a Person that was an affiliate of the
Issuer or the Guarantor (within the meaning of Rule 144) within the three months immediately preceding such transfer and (2) pursuant to a registration statement that was effective under the Securities Act at the time of such transfer; 

  
 33 

 (B) such Note was transferred (1) to a Person other than (x) the
Issuer or the Guarantor or (y) an affiliate of the Issuer or the Guarantor (within the meaning of Rule 144) or a Person that was an affiliate of the Issuer or the Guarantor (within the meaning of Rule 144) within the three months immediately
preceding such transfer and (2) pursuant to the exemption from registration provided by Rule 144 or any similar provision then in force under the Securities Act; or 

(C) the Issuer delivers written notice to the Trustee and the Registrar stating that the Restricted Notes Legend may be
removed from such Note and all Applicable Procedures have been complied with, if applicable. 
 (iii) In addition, until the
Resale Restriction Termination Date, no transfer of any Restricted Note will be registered by the Registrar prior to the Resale Restriction Termination Date unless the transferring Holder delivers the form of assignment set forth on the Restricted
Note, with the appropriate box checked, to the Trustee. 
 (iv) Any Note that is repurchased or owned by any affiliate of the
Issuer or the Guarantor (within the meaning of Rule 144) may not be resold by such affiliate unless registered under the Securities Act or resold pursuant to an exemption from the registration requirements of the Securities Act in a transaction that
results in such note no longer being a “restricted security” (as defined in Rule 144 under the Securities Act). 

(v) On and after the Resale Restriction Termination Date, any Note (or any security issued in exchange therefore or
substitution thereof, except any Ordinary Shares issued upon the exchange thereof) will bear the Restricted Notes Legend at any time the Issuer reasonably determinates that, to comply with law, such Note (or such securities issued in exchange for or
substitution of a Note) must bear the Restricted Notes Legend. 
 (b) Restricted Stock. 

(i) Every Ordinary Share that bears, or that is required under this Section 3.06 to bear, the Restricted Stock Legend will
be deemed to be “Restricted Stock.” Each share of Restricted Stock will be subject to the restrictions on transfer set forth in this Indenture (including in the Restricted Stock Legend) and may bear a restricted CUSIP number unless
such restrictions on transfer are eliminated or otherwise waived by written consent of the Issuer, and each Holder of Restricted Stock, by such Holder’s acceptance of Restricted Stock, will be deemed to be bound by the restrictions on transfer
applicable to such Restricted Stock. 

  
 34 

 (ii) Until the Resale Restriction Termination Date, any Ordinary Shares issued
upon the exchange of a Restricted Note, will bear the Restricted Stock Legend unless the Issuer delivers written notice to the Trustee, the Registrar and Ordinary Share Depositary (and/or other transfer agent for the Ordinary Shares) stating that
such Ordinary Shares need not bear the Restricted Stock Legend. 
 (iii) On and after the Resale Restriction Termination
Date, Ordinary Shares issued upon the exchange of a Restricted Note, if any, will bear the Restricted Stock Legend at any time the Issuer reasonably determinates that, to comply with law, such Ordinary Shares must bear the Restricted Stock Legend.

 (c) As used in this Section 3.06, the term “transfer” means any sale, pledge, transfer, loan,
hypothecation or other disposition whatsoever of any Restricted Note, any interest therein or any Restricted Stock. 
 Section 3.07
Expiration of Restrictions. 
 (a) Physical Notes. Any Physical Note (or any security issued in exchange or
substitution therefore) that does not constitute a Restricted Note may be exchanged for a new Note or Notes of like tenor and aggregate principal amount that do not bear the Restricted Notes Legend required by Section 3.06. To exercise such
right of exchange, the Holder of such Note must surrender such Note in accordance with the provisions of Section 3.10 and deliver any additional documentation reasonably required by the Issuer, the Trustee or the Registrar in connection with
such exchange. 
 (b) Global Notes; Resale Restriction Termination Date. 

(i) If, on the Free Trade Date, or the next succeeding Business Day if the Free Trade Date is not a Business Day, any Initial
Notes are represented by a Global Note that is a Restricted Note (any such Global Note, a “Restricted Global Note”), as promptly as practicable, the Issuer will automatically exchange every beneficial interest in each such
Restricted Global Note for beneficial interests in Global Notes that are not subject to the restrictions set forth in the Restricted Notes Legend and in Section 3.06 hereof. 

(ii) To effect such automatic exchange, the Issuer will (A) deliver to the Depositary an instruction letter for the
Depositary’s mandatory exchange process (and/or otherwise comply with any Applicable Procedures) and (B) deliver to each of the Trustee and the Registrar a notice of the occurrence of the Free Trade Date. Until such time as the Issuer
provides such instruction letter to the Depositary notifying and confirming to the Depositary that the restricted period for the Notes has elapsed and instructing the Depositary to exchange all “restricted securities” represented by the
restricted CUSIP for “unrestricted securities” represented by an unrestricted CUSIP (and/or otherwise complies with the Applicable Procedures) and the Depositary moves the Initial Notes from a restricted CUSIP number to an unrestricted
CUSIP number in accordance with its Applicable Procedures, the restricted CUSIP will be the CUSIP number for the Initial Notes. At such time as the Issuer provides such instruction letter to the 

  
 35 

 
Depositary (and/or otherwise complies with the Applicable Procedures) and the Depositary has moved all Initial Notes represented by a restricted CUSIP number to an unrestricted CUSIP number, the
Restricted Notes Legend will be deemed removed from any Global Note and an unrestricted CUSIP number for the Initial Notes will be deemed to be the CUSIP number for the Initial Notes (the date thereof will be known as the “Resale Restriction
Termination Date”). 
 (iii) Notwithstanding anything to the contrary in Sections 3.07(b)(i) or (ii), the Issuer
will not be required to effect removal of the Restrictive Notes Legend applicable to the Global Notes if it reasonably believes that removal of the Restricted Notes Legend or the changes to the CUSIP numbers for the Notes could result in or
facilitate transfers of the Notes in violation of applicable law; provided, however that the Issuer shall remain liable for Additional Interest, if any, payable pursuant to Section 4.06 for failure to remove such Restrictive Notes
Legend. 
 Section 3.08 Mutilated, Destroyed, Lost and Stolen Notes. If any mutilated Note is surrendered to the Trustee, the
Issuer shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Note of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Issuer and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any
Note and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Issuer or the Trustee that such Note has been acquired by a bona fide
purchaser, the Issuer shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

In case any such mutilated, destroyed, lost or stolen Note has become or is about to become due and payable, the Issuer in its discretion may,
instead of issuing a new Note, pay such Note. 
 Upon the issuance of any new Note under this Section 3.08, the Issuer may require
payment by the Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Note issued pursuant to this Section 3.08 in lieu of any destroyed, lost or stolen Note shall constitute an original additional
contractual obligation of the Issuer, whether or not the destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Notes
duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and
remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 

  
 36 

 Section 3.09 Persons Deemed Owners. Prior to due presentment of a Note for
registration of transfer, the Issuer, the Guarantor, the Trustee, the Registrar and any agent of the Issuer, the Guarantor, the Trustee or the Registrar may treat the Person in whose name such Note is registered in the Register as the owner of such
Note for the purpose of receiving payment of the principal of such Note and for all other purposes whatsoever, whether or not such Note be overdue, and neither the Issuer, the Guarantor, the Trustee, the Registrar nor any agent of the Issuer, the
Guarantor, the Trustee or the Registrar shall be affected by notice to the contrary. 
 Section 3.10 Transfer and Exchange. 

(a) Provisions Applicable to All Transfers and Exchanges. 

(i) Subject to the restrictions set forth in this Section 3.10, Physical Notes and beneficial interests in Global Notes
may be transferred or exchanged from time to time as desired, and each such transfer or exchange will be noted by the Registrar in the Register. 

(ii) All Notes issued upon any registration of transfer or exchange in accordance with this Indenture will be the valid
obligations of the Issuer, evidencing the same debt, and entitled to the same benefits under this Indenture as the Notes surrendered upon such registration of transfer or exchange. 

(iii) No service charge will be imposed on any Holder of a Physical Note or any owner of a beneficial interest in a Global Note
for any exchange or registration of transfer, but each of the Issuer, the Trustee or the Registrar may require such Holder or owner of a beneficial interest to pay a sum sufficient to cover any transfer tax, assessment or other governmental charge
imposed in connection with such registration of transfer or exchange (other than exchanges pursuant to Section 3.04 not involving any transfer). 

(iv) Unless the Issuer specifies otherwise, none of the Issuer, the Trustee, the Registrar or any co-Registrar will be required
to exchange or register a transfer of any Note (i) that has been surrendered for exchange pursuant to Article 7, (ii) as to which Section 5.06 is applicable or (iii) as to which a Fundamental Change Repurchase Notice has been
delivered and not withdrawn, except to the extent any portion of such Note is not subject to the foregoing. 
 (v) The
Trustee will have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any
transfers between or among Depositary participants or beneficial owners of interests in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when
expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. The Trustee shall have no responsibility whatsoever for the actions of the Depositary.

  
 37 

 (b) In General; Transfer and Exchange of Beneficial Interests in Global Notes.
So long as the Notes are eligible for book-entry settlement with the Depositary, unless otherwise required by law, except to the extent required by Section 3.10(c): 

(i) all Notes will be represented by one or more Global Notes; 

(ii) every transfer and exchange of a beneficial interest in a Global Note will be effected through the Depositary in
accordance with the Applicable Procedures and the provisions of this Indenture (including the restrictions on transfer set forth in Section 3.06); and 

(iii) each Global Note may be transferred only as a whole and only (A) by the Depositary to a nominee of the Depositary,
(B) by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or (C) by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. 

(c) Transfer and Exchange of Global Notes. 

(i) Notwithstanding any other provision of this Indenture, each Global Note will be exchanged for Physical Notes only if: 

(A) the Depositary notifies the Issuer that is unwilling or unable to continue to act as Depositary for the Global Note and a
successor Depositary is not appointed within 90 days; 
 (B) the Depositary is no longer registered as a clearing agency
under the Exchange Act and a successor Depositary is not appointed within 90 days; or 
 (C) an Event of Default has
occurred and is continuing and the Depositary requests that the Physical Notes be issued in exchange for the Global Note. 

In each such case, each Global Note will be deemed surrendered to the Trustee for cancellation, and the Trustee will cause each
Global Note to be cancelled in accordance with the Applicable Procedures, and the Issuer, in accordance with Section 3.03, will promptly execute, and, upon receipt of a Company Order, the Trustee will, in accordance with Section 3.03,
promptly authenticate and deliver, for each beneficial interest in each Global Note so exchanged, an aggregate principal amount of Physical Notes equal to the aggregate principal amount of such beneficial interest, registered in such names and in
such authorized denominations as the Depositary specifies, and bearing any legends that such Physical Notes are required to bear under Section 3.06. 

  
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 (ii) In addition, if the Issuer, in its sole discretion, determines that any
beneficial interest in a Global Note will be exchangeable for Physical Notes: 
 (A) the Registrar will deliver notice of
such request to the Issuer and the Trustee, which notice will identify the aggregate principal amount of such beneficial interest and the CUSIP of the relevant Global Note; 

(B) the Issuer will, in accordance with Section 3.03, promptly execute, and, upon receipt of a Company Order, the
Trustee, in accordance with Section 3.03, will promptly authenticate and deliver, to such owner, for the beneficial interest so exchanged by the owner of the applicable beneficial interest, Physical Notes registered in such owner’s name
having an aggregate principal amount equal to the aggregate principal amount of such beneficial interest and bearing any legends that such Physical Notes are required to bear under Section 3.06; and 

(C) the Registrar, in accordance with the Applicable Procedures, will cause the principal amount of such Global Note to be
decreased by the aggregate principal amount of the beneficial interest so exchanged. 
 If all of the beneficial interests in a Global Note
are so exchanged, such Global Note will be deemed surrendered to the Trustee for cancellation, and the Trustee will cause such Global Note to be cancelled in accordance with the Applicable Procedures. 

(d) Transfer and Exchange of Physical Notes. 

(i) If Physical Notes are issued, a Holder may transfer a Physical Note by: (A) surrendering such Physical Note for
registration of transfer to the Registrar, together with any endorsements or instruments of transfer required by any of the Issuer, the Trustee or the Registrar; (B) if such Physical Note is a Restricted Note, delivering any documentation that
the Issuer, the Trustee or the Registrar reasonably require to ensure that such transfer complies with Section 3.06 and any applicable securities laws; and (C) satisfying all other requirements for such transfer set forth in this
Section 3.10 and Section 3.06. Upon the satisfaction of conditions (A), (B) and (C), the Issuer, in accordance with Section 3.03, will promptly execute and deliver to the Trustee, and the Trustee, upon receipt of a Company Order,
will, in accordance with Section 3.03, promptly authenticate and deliver, in the name of the designated transferee or transferees, one or more new Physical Notes, of any authorized denominations, having like aggregate principal amount and
bearing any restrictive legends required by Section 3.06. 
 (ii) If Physical Notes are issued, a Holder may exchange a
Physical Note for other Physical Notes of any authorized denominations and aggregate principal amount equal to the aggregate principal amount of the Notes to be exchanged by surrendering such Notes, together with any endorsements or instruments of
transfer required by any of the Issuer, the Trustee or the Registrar, 

  
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at any office or agency maintained by the Issuer for such purposes pursuant to Section 4.02. Whenever a Holder surrenders Notes for exchange, the Issuer, in accordance with
Section 3.03, will promptly execute and deliver to the Trustee, and the Trustee, upon receipt of a Company Order, will, in accordance with Section 3.03, promptly authenticate and deliver the Notes that such Holder is entitled to receive,
bearing registration numbers not contemporaneously outstanding and any restrictive legends that such Physical Notes are to bear under Section 3.06. 

(iii) If Physical Notes are issued while any Global Note is outstanding, a Holder may transfer or exchange a Physical Note for
a beneficial interest in a Global Note by (A) surrendering such Physical Note for registration of transfer or exchange, together with any endorsements or instruments of transfer required by any of the Issuer, the Trustee or the Registrar, at
any office or agency maintained by the Issuer for such purposes pursuant to Section 4.02; (B) if such Physical Note is a Restricted Note, delivering any documentation the Issuer, the Guarantor, the Trustee or the Registrar reasonably
require to ensure that such transfer complies with Section 3.06 and any applicable securities laws; (C) satisfying all other requirements for such transfer set forth in this Section 3.10 and Section 3.06; and (D) providing
written instructions to the Trustee to make, or to direct the Registrar to make, an adjustment in its books and records with respect to the applicable Global Note to reflect an increase in the aggregate principal amount of the Notes represented by
such Global Note, which instructions will contain information regarding the Depositary account to be credited with such increase; provided that no Holder of a Physical Note that is a Restricted Note may exchange such Physical Note for an
interest in a Global Note unless such Global Note is a Restricted Note subject to the same restrictions under Section 3.06 (including the same expiration of any holding periods under Rule 144) or the Issuer otherwise consents in writing to such
exchange. Upon the satisfaction of conditions (A), (B), (C) and (D), the Trustee will cancel such Physical Note and cause, or direct the Registrar to cause, in accordance with the Applicable Procedures, the aggregate principal amount of Notes
represented by such Global Note to be increased by the aggregate principal amount of such Physical Note, and will credit or cause to be credited the account of the Person specified in the instructions provided by the exchanging Holder in an amount
equal to the aggregate principal amount of such Physical Note. 
 Section 3.11 Cancellation. The Issuer at any time may deliver
to the Trustee for cancellation any Notes previously authenticated and delivered hereunder that the Issuer may have acquired in any manner whatsoever, and may deliver to the Trustee for cancellation any Notes previously authenticated hereunder which
the Issuer has not issued and sold. The Trustee shall cancel all Notes surrendered for registration of transfer, exchange, payment, purchase, repurchase, exchange (pursuant to Article 7 hereof) or cancellation in accordance with its customary
practices. If the Issuer or the Guarantor shall acquire any of the Notes, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Notes unless and until the same are delivered to the Trustee for
cancellation. The Notes so acquired, while held by or on behalf of the Issuer or the Guarantor or any of its Subsidiaries, 

  
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shall not entitle the Holder thereof to exchange the Notes. The Issuer may not issue new Notes to replace Notes it has paid in full or delivered to the Trustee for cancellation. The Issuer and
the Guarantor may from time to time repurchase Notes in open market purchases or negotiated transactions without giving prior notice to Holders. Any Notes repurchased by the Issuer or the Guarantor will be delivered to the Trustee for cancellation
pursuant to this Section 3.11. 
 The Registrar shall retain, in accordance with its customary procedures, copies of all letters,
notices and other written communications received pursuant to this Section 3.11. The Issuer shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of
reasonable written notice to the Registrar. 
 Section 3.12 CUSIP Numbers. In issuing the Notes, the Issuer may use
“CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption or Fundamental Change Notices as a convenience to Holders; provided that the Trustee shall have no
liability for any defect in the CUSIP numbers as they appear on any Notes, notice, or elsewhere and; provided further, that any such notice may state that no representation is made as to the correctness of such numbers either as printed on
the Notes or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The
Issuer will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 
 Section 3.13 Payment and
Computation of Interest. The Notes will bear cash interest at a rate of 1.50% per year until maturity. Interest on the Notes will accrue from the most recent date on which interest has been paid or duly provided for or, if no interest has
been paid or duly provided for, August 23, 2017. Interest will be paid semiannually in arrears on February 15 and August 15 of each year, beginning on February 15, 2018. Interest on the Notes shall be computed on the basis of a
360-day year consisting of twelve 30-day months, and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. 

Section 3.14 Business Day. If any Interest Payment Date, the Maturity Date, any Fundamental Change Repurchase Date or Redemption
Date falls on a day that is not a Business Day, the required payment will be made on the next succeeding Business Day with the same force and effect as if made on such scheduled payment date, and no interest on such payment will accrue in respect of
the delay. 
 ARTICLE 4 

PARTICULAR COVENANTS OF THE ISSUER 

Section 4.01 Payment of Principal and Interest. The Issuer will pay or cause to be paid the principal of, Fundamental Change
Repurchase Price for, Redemption Price for and any Additional Amounts with respect to, or the Exchange Obligation with respect to, and any accrued and unpaid interest on, the Notes on the dates and in the manner required under this Indenture and the
Notes. Any principal of, Fundamental Change Repurchase Price for, Redemption Price for, Additional Amounts with respect to, Exchange Obligation with respect to, or interest on, a Note will be considered paid on the date due if the Paying Agent or in
the case of an Exchange 

  
 41 

 
Obligation, the Exchange Agent, in each case if other than the Issuer, holds, as of 11:00 a.m., New York City time, on the due date, money deposited by the Issuer and/or other Exchange
Consideration, if applicable, in immediately available funds and designated for and sufficient to pay such principal, Fundamental Change Repurchase Price, Redemption Price, Additional Amounts, Exchange Obligation or interest then due. Payments of
the Fundamental Change Repurchase Price, Redemption Price, principal or interest (including Additional Amounts, if any) that are not made when due will accrue interest per annum at the then-applicable interest rate from the requirement payment date.

 Section 4.02 Maintenance of Office or Agency. 

(a) The Issuer shall maintain in the U.S. at least one office or agency of the Exchange Agent where Notes may be presented and
at least one office of the Paying Agent. The Issuer may have one or more registrars, one or more additional paying agents and one or more additional exchange agents. The term Paying Agent includes any additional paying agents. The term Exchange
Agent includes any additional exchange agents. The term Registrar includes any additional registrars. 
 (b) The Issuer shall
enter into an appropriate agency agreement with any Registrar, Paying Agent or Exchange Agent (if other than the Trustee). The agreement shall implement the provisions of this Indenture that relate to such agent. The Issuer shall notify the Trustee
in writing of the name and address of any such agent. If the Issuer fails to maintain a Registrar, Paying Agent or Exchange Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to
Section 11.07. The Issuer or any of its Affiliates (including the Guarantor) may act as Paying Agent, Registrar, Exchange Agent or co-registrar. 

(c) At any time, the Issuer may change such designation by delivering written notice to the Trustee signed by any officer
authorized to sign an Officer’s Certificate and delivered to the Trustee, which notice will designate some other office or agency as the Registrar, Exchange Agent or Paying Agent, as the case may be. If at any time the Issuer shall fail to
maintain such office or agency or shall fail to furnish the Trustee with the address thereof, Notes may be surrendered for exchange at the Corporate Trust Office of Trustee. 

Section 4.03 Appointments to Fill Vacancies in Trustee’s Office. The Issuer, whenever necessary to avoid or fill a vacancy in
the office of Trustee, will appoint, in the manner provided in Section 11.11, a Trustee, so that there shall at all times be a Trustee hereunder. 

Section 4.04 Provisions as to Paying Agent. 

(a) The Issuer may designate additional Paying Agents, rescind the designation of any Paying Agent, or approve a change in the
office through which any Paying Agent acts. If the Issuer shall appoint a Paying Agent other than the Trustee, or if the Trustee shall appoint such a Paying Agent, the Issuer will cause such Paying Agent to execute and deliver to the Trustee an
instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section 4.04: 
 (i) that
it will hold all sums held by it as such agent for the payment of the principal of (including the Fundamental Change Repurchase Price and Redemption Price, if applicable) or interest on the Notes (whether such sums have been paid to it by the Issuer
or by any other obligor on the Notes) in trust for the benefit of the Holders of the Notes; 

  
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 (ii) that it will give the Trustee written notice of any failure by the Issuer or
the Guarantor (or by any other obligor on the Notes) to make any payment of the principal of (including the Fundamental Change Repurchase Price and Redemption Price, if applicable) or interest on the Notes when the same shall be due and payable; and

 (iii) that at any time during the continuance of an Event of Default, upon request of the Trustee, it will forthwith pay
to the Trustee all sums so held in trust. 
 (b) The Issuer shall, on or before each due date of the principal of (including
the Fundamental Change Repurchase Price and Redemption Price, if applicable) or interest on the Notes, deposit with the Paying Agent a sum (in funds which are immediately available on the due date for such payment) sufficient to pay such principal
or interest, and (unless such Paying Agent is the Trustee) the Issuer will promptly notify the Trustee of any failure to take such action; provided, however, that if such deposit is made on the due date, such deposit shall be received
by the Paying Agent by 11:00 a.m. New York City time, on such date. 
 (c) If the Issuer or the Guarantor shall act Paying
Agent, it will, on or before each due date of the principal of (including the Fundamental Change Repurchase Price and Redemption Price, if applicable) or interest on the Notes, set aside, segregate and hold in trust for the benefit of the Holders of
the Notes a sum sufficient to pay such principal or interest so becoming due and will promptly notify the Trustee of any failure to take such action and of any failure by the Issuer or the Guarantor (or any other obligor under the Notes) to make any
payment of the principal of (including the Fundamental Change Repurchase Price and Redemption Price, if applicable) or interest on the Notes when the same shall become due and payable. 

(d) Anything in this Section 4.04 to the contrary notwithstanding, the Issuer may, at any time, for the purpose of
obtaining a satisfaction and discharge of this Indenture, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust by the Issuer or any Paying Agent hereunder as required by this Section 4.04, such sums to be held
by the Trustee upon the trusts herein contained and upon such payment by the Issuer or any Paying Agent to the Trustee, the Issuer or such Paying Agent shall be released from all further liability with respect to such sums. 

(e) Anything in this Section 4.04 to the contrary notwithstanding, the agreement to hold sums in trust as provided in this
Section 4.04 is subject to Section 13.03 and Section 13.04. 

  
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 The Trustee shall not be responsible for the actions of any other Paying Agents (including the
Issuer or the Guarantor if acting as Paying Agent) and shall have no control of any funds held by such other Paying Agents. 

Section 4.05 Existence. Subject to Article 10, each of the Issuer and the Guarantor will do or cause to be done all things
necessary to preserve and keep in full force and effect its existence and rights (charter and statutory); provided, however, that the Issuer and the Guarantor shall not be required to preserve any such right if the Issuer or the
Guarantor, as applicable, shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Issuer or the Guarantor, as applicable. 

Section 4.06 Additional Interest. 

(a) If, at any time during the six-month period beginning on, and including, the date which is six months after the last date
of original issuance of any of the Initial Notes, the Guarantor fails to have timely filed any document or report that the Guarantor is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act, as applicable
(after giving effect to all applicable grace periods thereunder and other than reports on Form 8-K), or the Initial Notes are not otherwise Freely Tradable, the Issuer shall pay Additional Interest on the Initial Notes. Additional Interest shall
accrue at the rate of 0.25% per annum of the principal amount of the Initial Notes for the first 90 days for which the Guarantor’s failure to file has occurred and is continuing and at a rate of 0.50% per annum of the principal amount
of Initial Notes for the remaining portion of such period; provided that such Additional Interest shall cease to accrue on the date that is one year from the last date of original issuance of any of the Initial Notes. 

(b) Further, if, and for so long as, the Restrictive Notes Legend has not been removed from the Initial Notes, the Initial
Notes are assigned a restricted CUSIP number or the Initial Notes are not otherwise Freely Tradable as of the 375th day after the last date of original issuance of any of the Initial Notes, the Issuer shall pay Additional Interest on the Initial
Notes. Such Additional Interest will accrue on the Initial Notes from the 376th day after the last date of original issuance of any of the Initial Notes at the rate of 0.50% per annum of the
principal amount of Initial Notes outstanding until the Restrictive Notes Legend has been removed, the Initial Notes are assigned an unrestricted CUSIP number and the Initial Notes are Freely Tradable. 

(c) In no event shall Additional Interest payable pursuant to this Section 4.06 accrue, together with any Additional
Interest payable pursuant to Section 9.04(b), at a rate per year in excess of 0.50% per annum, regardless of the number of events or circumstances giving rise to requirements to pay such Additional Interest pursuant to this
Section 4.06 or pursuant to Article 9. 
 (d) Additional Interest that is payable pursuant to this Section 4.06
shall be payable in arrears on each Interest Payment Date following accrual in the same manner as regular interest on the Notes and shall be separate and distinct from, and in addition to, any Additional Interest that may accrue at the Issuer’s
election as the sole remedy relating to a Reporting Default. 

  
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 (e) The Issuer shall notify the Trustee and the Paying Agent (if other than the
Trustee) in writing of any Additional Interest that has become due and payable. Such notice shall include reference to the event that caused the Additional Interest to become due, the Additional Interest rate, and the date that such Additional
Interest shall begin to accrue from. If Additional Interest shall cease to accrue, the Issuer shall notify the Trustee and the Paying Agent (if other than the Trustee) in writing. 

(f) Notwithstanding the foregoing, the Issuer will not be required to pay Additional Interest with respect to any failure to
timely file any report, if the Notes are not eligible for resale under Rule 144 or if the Notes are not Freely Tradable, in each case as required under this Section 4.06 (i) on any date on which (a) the Issuer and the Guarantor have
filed a shelf registration statement for the resale of the Notes (including the Guarantee) and any Ordinary Shares issuable upon exchange of the Notes, (b) such shelf registration statement is effective and usable by Holders identified therein
as selling security holders for the resale of the Notes, the Guarantee and any Ordinary Shares issued upon exchange of the notes, (c) the Holders may register the resale of their Notes under such shelf registration statement on terms customary
for the resale of exchangeable securities offered in reliance on Rule 144A and (d) the Notes and/or Ordinary Shares sold pursuant to such shelf registration statement become Freely Tradable as a result of such sale, or (ii) once the Issuer
has complied with the requirements set forth in clause (i) above for a period of two years. 
 Section 4.07 Rule 144A
Information Requirement and Annual Reports. The Issuer covenants that any annual or quarterly reports (on Form 10-K or Form 10-Q or any successor form) that the Guarantor is required to file with the Commission pursuant to Section 13 or
15(d) of the Exchange Act shall be filed by the Issuer with the Trustee within 15 calendar days after the same are required to be filed with the Commission (giving effect to any grace period provided by Rule 12b-25 or any successor rule under the
Exchange Act); provided that in each case the delivery of materials to the Trustee by electronic means or filing of documents pursuant to the Commission’s “EDGAR” system (or any successor thereto) shall be deemed to constitute
“filing” with the Trustee for purposes of this Section 4.07; provided, however, that the Trustee shall have no obligation whatsoever to determine if such reports have been filed. Delivery of such reports, information and
documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the
Issuer’s or the Guarantor’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 

At any time the Guarantor is not subject to Section 13 or 15(d) of the Exchange Act, the Issuer shall, so long as any of the Notes or
Ordinary Shares delivered upon exchange of the Notes will, at such time, constitute “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, promptly provide to the Trustee and will, upon written request,
provide to any Holder, beneficial owner or prospective purchaser of such Notes or such Ordinary Shares, as applicable, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act to facilitate the resale of such
Notes or such Ordinary Shares, as applicable, pursuant to Rule 144A. 

  
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 The Issuer and the Guarantor will take such further action as any Holder or beneficial owner of
such Notes or such Ordinary Shares, as applicable, may reasonably request from time to time to enable such Holder or beneficial owner to sell such Notes or such Ordinary Shares, as applicable, in accordance with Rule 144A. 

Section 4.08 Stay; Extension and Usury Laws. Each of the Issuer and the Guarantor covenants (to the extent that it may lawfully do
so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law or other law which would prohibit or forgive the Issuer or the Guarantor from paying all or
any portion of the principal of (including the Fundamental Change Repurchase Price and Redemption Price, if applicable) or interest on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or which may affect the
covenants or the performance of this Indenture and each of the Issuer and the Guarantor (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such
law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

Section 4.09 Compliance Certificate; Statements as to Defaults. The Issuer shall deliver to the Trustee, within one hundred twenty
(120) days after the end of each fiscal year of the Issuer (commencing with the fiscal year ending December 31, 2017), an Officer’s Certificate, indicating whether the signer thereof knows of any Default or Event of Default that
occurred during the previous fiscal year and specifying all such Defaults or Events of Default, the nature and the status thereof and the actions which the Issuer proposes to take with respect thereto. 

The Issuer shall deliver to the Trustee, within 30 calendar days after the Issuer becomes aware of the occurrence of any Default or Event of
Default, a written notice of such Default or Event of Default, its status and the action which the Issuer proposes to take with respect thereto; provided, however, that the Issuer shall not be required to deliver such notice if such
Default or Event of Default has been cured. 
 Section 4.10 Additional Amounts. 

(a) All payments and deliveries made by or on behalf of the Issuer or the Guarantor, or any successor to the Issuer or the
Guarantor under or with respect to the Notes, including, but not limited to, payments of principal (including the Fundamental Change Repurchase Price and Redemption Price, if applicable), premium, if any, payments of interest and payments of cash
and/or deliveries of Ordinary Shares (together with payments of cash for any fractional Ordinary Share) upon exchange and any payments under the Guarantee pursuant to Article 15, shall be made without withholding or deduction for, or on account of,
any present or future taxes, duties, assessments or governmental charges of whatever nature imposed or levied (including any penalties and interest related thereto) (“Applicable Taxes”) by or within (1) Ireland (meaning Ireland
exclusive of Northern Ireland) or Bermuda (or any political subdivision or taxing authority thereof or therein), (2) any jurisdiction in which the Issuer or the Guarantor or any of their successors are, for tax purposes, incorporated, organized
or resident, or as a result of activities carried on by the Issuer, the Guarantor or any successor, has otherwise 

  
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created a taxable presence (or any political subdivision or taxing authority thereof or therein) or (3) any jurisdiction through which payment is made or deemed made (or any political
subdivision or taxing authority thereof or therein) (each jurisdiction described in (1), (2) or (3), as applicable, a “Relevant Taxing Jurisdiction”), unless such withholding or deduction is required by any applicable law of a
Relevant Taxing Jurisdiction or by the interpretation or administration thereof. In the event that any such withholding or deduction is so required in a Relevant Taxing Jurisdiction, the Issuer or the Guarantor, as appropriate, shall pay to the
Holder of each Note such additional amounts (the “Additional Amounts”) as may be necessary to ensure that the net amount received by the beneficial owner after such withholding or deduction (and after deducting any Applicable Taxes
on the Additional Amounts) under a Relevant Taxing Jurisdiction will equal the amounts that would have been received by such beneficial owner had no such withholding or deduction been required; provided that no additional amounts will be payable:

 (i) for or on account of: 

(A) any Applicable Taxes that would not have been imposed but for: 

(1) the existence of any present or former connection between the relevant Holder or beneficial owner of such Note and the
Relevant Taxing Jurisdiction (other than merely acquiring or holding such Note or the receipt of payments or the exercise or enforcement of rights under the Notes or the Guarantee), including, without limitation, such Holder or beneficial owner
being or having been a national, domiciliary or resident of, or incorporated in, such Relevant Taxing Jurisdiction or treated as a resident thereof or being or having been physically present or engaged in a trade or business therein or having or
having had a permanent establishment therein; 
 (2) the presentation of such Note (in cases in which presentation is
required) more than 30 days after the later of the date on which the payment of the principal of (including the Fundamental Change Repurchase Price and Redemption Price, if applicable), premium, if any, and interest on or payments of cash and/or
deliveries of Ordinary Shares upon exchange of, such Note became due and payable pursuant to the terms thereof or was made or duly provided for (except to the extent that the Holder or beneficial owner would have been entitled to Additional Amounts
had the Note been presented on the last day of such 30 day period); or 

  
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 (3) the failure of the Holder or beneficial owner to provide a declaration of
non-residence or other similar claim for exemption or to present any applicable form or certificate, in each case, within, a reasonable period of time following a timely and reasonable written request from the Issuer; provided that the Holder
or beneficial owner is legally entitled to provide such declaration, claim form or certificate and that upon the making of such declaration or claim or presentation of such form or certificate, the Holder or beneficial owner would have been able to
avoid such deduction or withholding; 
 (B) any estate, inheritance, gift, sale, transfer, personal property or similar
Applicable Taxes; 
 (C) any Applicable Taxes that are payable otherwise than by withholding or deduction from payments
under or with respect to the Notes; 
 (D) any taxes payable by or on behalf of a Holder who would have been able to avoid
such withholding or deduction by presenting the Notes or request for payment under the Guarantee to another Paying Agent designated by the Issuer pursuant to this Indenture; 

(E) any Applicable Taxes imposed or withheld by reason of the failure of the Holder or beneficial owner of the Notes to comply
with the requirements of Sections 1471 through 1474 of the Code, the U.S. Treasury Regulations issued thereunder or any official interpretation thereof or any agreement entered into pursuant to Section 1471(b) of the Code; and 

(F) any combination of Applicable Taxes referred to in the preceding clauses (A), (B), (C), (D) and (E), 

(ii) with respect to any payment of the principal of (including the Fundamental Change Repurchase Price and Redemption Price,
if applicable), premium, if any, and interest on, or payments of cash and/or deliveries of Ordinary Shares upon exchange of such Note to a Holder, if the Holder is a fiduciary, partnership or person, other than the sole beneficial owner of that
payment, to the extent that such payment would be required under the laws of the Relevant Taxing Jurisdiction to be included for tax purposes in the income of a beneficiary or settlor with respect to the fiduciary, a member of that partnership or a
beneficial owner who would not have been entitled to such Additional Amounts had that beneficiary, settlor, partner or beneficial owner been the Holder thereof. 

(b) In addition to the foregoing, the Issuer shall also pay and indemnify the Holder for any present or future stamp, issue,
registration, value added, court or documentary taxes, or any other excise or property taxes, charges or similar levies or taxes (including penalties, interest and any other reasonable expenses related thereto) which are levied by any Relevant
Taxing Jurisdiction (“Transfer Taxes”) on the execution, delivery, registration or enforcement of any of the Notes, the Indenture or any 

  
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other document or instrument referred to therein or the receipt of payments with respect thereto. For the avoidance of doubt, the indemnification provided in this paragraph shall not include any
Transfer Taxes arising from the transfer of Notes in the ordinary course. 
 (c) If the Issuer or the Guarantor become after
the Issue Date obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes, the Issuer shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to
pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount
estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agent or the Exchange Agent, as the case may be, to pay Additional Amounts to Holders on the relevant
payment date. The Trustee shall be entitled to rely solely on such Officer’s Certificate as conclusive proof that such payments are necessary. The Issuer shall provide the Trustee with documentation reasonably satisfactory to the Trustee
evidencing the payment of Additional Amounts. 
 (d) The Issuer or the Guarantor, as appropriate, shall make all withholdings
and deductions required by law and shall remit the full amount deducted or withheld to the Relevant Taxing Authority in accordance with applicable law. Upon request, the Issuer shall provide to the Trustee an official receipt or, if official
receipts are not obtainable, other documentation reasonably satisfactory to the Trustee evidencing the payment of any Applicable Taxes so deducted or withheld. The Issuer will attach to each certified copy or other document a certificate stating the
amount of such Applicable Taxes paid per $1,000 principal amount of the Notes then outstanding. Upon written request, copies of those receipts or other documentation, as the case may be, shall be made available by the Trustee to the Holders of the
Notes. 
 (e) Whenever there is mentioned in any context the payment of cash and/or the delivery of Ordinary Shares (together
with payments of cash for fractional Ordinary Shares) upon exchange of the Notes or the payment of principal of (including Fundamental Change Repurchase Price and Redemption Price, if applicable), and any premium or interest, on, any Note or any
other amount payable with respect to such Note, such mention shall be deemed to include payment of Additional Amounts provided for in the Indenture to the extent that, in such context, Additional Amounts are, were or would be payable in respect
thereof pursuant to this Section 4.10(a). 
 (f) The above obligations in this Section 4.10 will apply mutatis
mutandis to any successor to the Issuer or the Guarantor. 
 Section 4.11 Listing of the Notes. The Issuer will use its
commercially reasonable efforts to procure approval for the listing of the Notes on the Bermuda Stock Exchange (or on another recognized stock exchange for the purposes of Section 64 of the Taxes Consolidation Act 1997 of Ireland) prior to
February 15, 2018. Additionally, the Issuer will use its commercially reasonable efforts to maintain the listing of the Notes on the Global Exchange Market operated under the supervision of the Bermuda Stock Exchange, provided that if at any

  
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time the Issuer determines that it will not maintain such a listing, it will use its commercially reasonable efforts to maintain a listing of the Notes on another recognized stock exchange for
the purposes of Section 64 of the Taxes Consolidation Act 1997 of Ireland. Notwithstanding the foregoing, in the event that no withholding or deduction for or on account of Applicable Taxes by a Relevant Taxing Jurisdiction is reasonably
expected to be required on payments and/or deliveries on the Notes if the Notes are not so listed on any such recognized stock exchange, the Issuer will be under no obligation to so list (or maintain the listing of) them on any such recognized stock
exchange. The Issuer shall promptly notify the Trustee in writing when the Notes are listed on any stock exchange and of any delisting thereof. 

ARTICLE 5 
 REDEMPTION 

Section 5.01 Optional Redemption 

(a) Optional Redemption for Changes in the Tax Laws of a Relevant Taxing Jurisdiction.  

(i) Prior to August 15, 2024, if the Issuer has, or on the next Interest Payment Date would, become obligated to pay to
any Holder Additional Amounts as a result of any change or amendment on or after the date of the Offering Memorandum in the laws or any rules or regulations of a Relevant Taxing Jurisdiction or any change or amendment on or after the date of the
Offering Memorandum in an interpretation, administration or application of such laws, rules or regulations by any legislative body, court, governmental agency, taxing authority or regulatory or administrative authority of such Relevant Taxing
Jurisdiction (including the enactment of any legislation and the formal announcement or publication of any judicial decision or regulatory or administrative interpretation or determination) (a “Change in Tax Law”), the Issuer may at
its option redeem for cash all but not part of the Notes then outstanding (except in respect of Excluded Holders that have complied with Section 5.03(b)) at a redemption price (the “Tax Redemption Price”) equal to 100% of the
principal amount plus accrued and unpaid interest to, but excluding, the Tax Redemption Date, including, for the avoidance of doubt, any Additional Amounts with respect to such Tax Redemption Price and accrued and unpaid interest (such redemption, a
“Tax Redemption”); provided, that the Issuer may only elect a Tax Redemption if (x) the Issuer cannot avoid these obligations by taking commercially reasonable measures available to it, and (y) the Issuer delivers
to the Trustee an opinion of outside legal counsel of recognized standing in the Relevant Taxing Jurisdiction attesting to such Change in Tax Law and obligation to pay Additional Amounts (which opinion, for the avoidance of doubt, shall not be
required to include an opinion as to whether “commercially reasonable efforts” could be undertaken to avoid the otherwise applicable obligations). If the Tax Redemption Date occurs after a Regular Record Date and on or prior to the
corresponding Interest Payment Date, the Issuer will pay the full amount of accrued and unpaid interest and any Additional Amounts with respect to such interest, due on such Interest Payment Date to the record Holder of the

  
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Notes on the Regular Record Date corresponding to such Interest Payment Date, and the Tax Redemption Price payable to the Holder that presents a Note for Tax Redemption will be equal to 100% of
the principal amount of such Notes, including, for the avoidance of doubt, any Additional Amounts with respect to such Tax Redemption Price. 

(ii) Notwithstanding anything to the contrary herein, (i) the Issuer may not redeem the Notes in the case that Additional
Amounts are, or as a result of a Change in Tax Law would be, payable in respect of Irish withholding tax if no Additional Amounts would be payable if the Notes were listed on a recognized stock exchange for Irish tax purposes on the next Interest
Payment Date and (ii) no Notice of Tax Redemption shall be given earlier than 90 days prior to the earliest date on which the Issuer would, but for such Tax Redemption, be obligated to make payments of Additional Amounts and at the time any
such Notice of Tax Redemption is given, such obligation to pay such Additional Amounts must remain in effect. 
 (b)
Provisional Redemption on or after August 20, 2021. On or after August 20, 2021, the Issuer may redeem for cash all or any portion of the Notes then outstanding if the Last Reported Sale Price of the Ordinary Shares has been at
least 130% of the Exchange Price then in effect for at least 20 Trading Days (whether or not consecutive) during any 30 consecutive Trading Day period ending within the three Trading Days immediately preceding the date on which the Issuer provides a
Notice of Provisional Redemption. The redemption price (the “Provisional Redemption Price”) will be equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but not including, the
Provisional Redemption Date (such redemption, a “Provisional Redemption”); provided that if the Provisional Redemption Date occurs after a Regular Record Date and on or prior to the corresponding Interest Payment Date, the
Issuer will pay the full amount of accrued and unpaid interest due on such Interest Payment Date to the record Holder of the Notes on the Regular Record Date corresponding to such Interest Payment Date, and the Provisional Redemption Price payable
to the Holder who presents a Note for Provisional Redemption will be equal to 100% of the principal amount of such Notes. 

(c) No Notes may be redeemed in a Tax Redemption or a Provisional Redemption if the principal amount of the Notes has been
accelerated, and such acceleration has not been rescinded, on or prior to the applicable Redemption Date (except in the case of an acceleration resulting from a Default by the Issuer in the payment of the applicable Redemption Price with respect to
such date). 
 Section 5.02 Notice of Tax Redemption and Notice of Provisional Redemption. 

(a) At least 50 calendar days but not more than 60 calendar days prior to a Redemption Date in connection with a Tax Redemption
or a Provisional Redemption, the Issuer shall provide (or cause the Trustee to provide) a written notice of redemption to each Holder of Notes to be redeemed (a “Notice of Tax Redemption” or a “Notice of Provisional
Redemption,” as applicable). As long as the Notes are held through the Depositary, such notice may be made by electronic transmission to the Depositary, as registered holder. 

  
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 The Notice of Tax Redemption and the Notice of Provisional Redemption shall
specify the Notes to be redeemed and shall state: 
 (i) the Redemption Date; 

(ii) the Redemption Price; 

(iii) the applicable Exchange Rate and any adjustments to the Exchange Rate; 

(iv) the applicable Exchange Price; 

(v) the name and address of the Paying Agent and the Exchange Agent; 

(vi) that Notes to be redeemed may be exchanged at any time before the Close of Business on the second Scheduled Trading Day
immediately preceding the Redemption Date or, if the Issuer fails to pay the Redemption Price, such later date on which the Issuer pays the Redemption Price; 

(vii) that Holders who want to exchange Notes must satisfy the requirements set forth therein and in this Indenture; 

(viii) in the case of a Tax Redemption, that Holders have the right to elect not to have their Notes redeemed by delivery to
the Paying Agent a Notice of Tax Redemption Election; 
 (ix) in the case of a Tax Redemption, that Holders who wish to elect
not to have their Notes redeemed or to withdraw such an election must satisfy the requirements set forth herein and in the Indenture; 

(x) in the case of a Tax Redemption, that, at and after the Tax Redemption Date, Holders who elect not to have their Notes
redeemed will not receive any Additional Amounts on any payments with respect to such Notes solely as a result of the Change in Tax Law that resulted in the obligation to pay such Additional Amounts (whether upon exchange, required repurchase in
connection with a Fundamental Change, maturity or otherwise, and whether in cash, Ordinary Shares, Reference Property or otherwise) after the Tax Redemption Date (or, if the Issuer fails to pay the Tax Redemption Price, such later date on which the
Issuer pays the Tax Redemption Price), and all future payments with respect to such Notes will be subject to the deduction or withholding of such Relevant Taxing Jurisdiction taxes required by law to be deducted or withheld as a result of such
Change in Tax Law; provided that, notwithstanding the foregoing, if a Holder electing not to have its Notes redeemed exchanges its Notes in connection with such Tax Redemption, the Issuer shall be obligated to pay such Additional Amounts, if
any, with respect to such exchange; 

  
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 (xi) that Notes to be redeemed must be surrendered to the Paying Agent for
cancellation to collect the Redemption Price; 
 (xii) that, unless the Issuer defaults in making payment of such Redemption
Price, interest will cease to accrue with respect to redeemed Notes on and after the Redemption Date; 
 (xiii) the CUSIP
number(s) of the Notes subject to redemption; 
 (xiv) if Holders would be entitled to Additional Shares upon exchange in
connection with such redemption, that Holders would be so entitled and a description of the method for determining the amount by which the Exchange Rate has been, or would be, so increased (along with a description of how such increase is calculated
and the time period during which Notes must be surrendered in order to be entitled to such increase); and 
 (xv) if fewer
than all the outstanding Notes are to be redeemed pursuant to a Provisional Redemption, the certificate numbers (if such Notes are held other than in global form) and principal amounts of the particular Notes to be redeemed. 

(b) Simultaneously with providing such Notice of Tax Redemption or Notice of Provisional Redemption, as applicable, the
Guarantor shall publish a notice containing this information on the Guarantor’s website or through such other public medium as the Guarantor may use at that time and will file the announcement with the Bermuda Stock Exchange as long as the
Notes are so listed. 
 (c) At the Issuer’s written request delivered at least 3 Business Days prior to the Redemption
Notice Date (unless a shorter period shall be acceptable to the Trustee), the Trustee shall give such Notice of Tax Redemption or Notice of Provisional Redemption, as applicable, as prepared by the Issuer, to each Holder of Notes to be redeemed in
the Issuer’s name and at the Issuer’s expense. 
 Section 5.03 Holder’s Right to Elect in Connection with a Tax
Redemption. 
 (a) Upon receiving a Notice of Tax Redemption, each Holder shall have the right to elect to not have its
Notes redeemed, in which case the Issuer will not be obligated to pay any Additional Amounts on any payment with respect to such Notes solely as a result of the Change in Tax Law that resulted in the obligation to pay such Additional Amounts
(whether upon exchange, required repurchase in connection with a Fundamental Change, maturity or otherwise, and whether in cash, Ordinary Shares, Reference Property or otherwise) after the Tax Redemption Date (or, if the Issuer fails to pay the Tax
Redemption Price on the Tax Redemption Date, such later date on which the Issuer pays the Tax Redemption Price), and all future payments with respect to such Notes will be subject to the deduction or withholding of such Relevant Taxing Jurisdiction
taxes required by law to be deducted or withheld as a result of such Change 

  
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in Tax Law; provided that, notwithstanding the foregoing, if a Holder electing not to have its Notes redeemed exchanges its Notes in connection with such Tax Redemption as set forth under
Section 7.01(d), the Issuer shall be obligated to pay Additional Amounts, if any, with respect to such exchange. 
 (b)
Upon receiving a Notice of Tax Redemption, each Holder who does not wish to have the Issuer redeem its Notes pursuant to this Article 5 (any such Holder, an “Excluded Holder”) must deliver to the Paying Agent a written notice of
election (the “Notice of Tax Redemption Election”) substantially in the form of Exhibit B hereto, or any other form of written notice substantially similar to the Notice of Tax Redemption Election, in each case, duly completed and
signed, so as to be received by the Paying Agent prior to the Close of Business on the second Scheduled Trading Day immediately preceding the Tax Redemption Date; provided that, a Holder that complies with the requirements for exchange set
forth under Section 7.02 will be deemed to have delivered a Notice of Tax Redemption Election. A Holder may withdraw any Notice of Tax Redemption Election (other than such a deemed Notice of Tax Redemption Election) by delivering to the Paying
Agent a written notice of withdrawal prior to the Close of Business on the second Scheduled Trading Day immediately preceding the Redemption Date (or, if the Issuer fails to pay the Tax Redemption Price on the Tax Redemption Date, such later date on
which the Issuer pays the Tax Redemption Price). If no such election is made or deemed to have been made, the Holder will have its Notes redeemed without any further action. 

Section 5.04 Effect of Notice of Tax Redemption and Notice of Provisional Redemption. Once a Notice of Tax Redemption or a Notice
of Provisional Redemption is given, Notes to be redeemed become due and payable on the Redemption Date and at the Redemption Price stated in such notice, except for Notes which are exchanged pursuant to Article 7 and except for Notes subject to
Section 5.03. Upon surrender to the Paying Agent, such redeemed Notes shall be paid at the Redemption Price stated in the Notice of Tax Redemption or Notice of Provisional Redemption, as applicable. Failure to give the Notice of Tax Redemption
or Notice of Provisional Redemption or any defect in such notice to any Holder shall not affect the validity of such notice to any other Holder. 

Section 5.05 Deposit of Redemption Price. Prior to 11:00 a.m. (New York City time) on a Redemption Date, the Issuer or the
Guarantor shall deposit with the Paying Agent (or if the Issuer or the Guarantor is the Paying Agent, it shall segregate and hold in trust) money sufficient to pay the Redemption Price of all Notes to be redeemed on that date other than Notes or
portions of Notes to be redeemed which on or prior thereto have been delivered by the Issuer to the Trustee for cancellation or have been exchanged. The Paying Agent shall as promptly as practicable return to the Issuer or the Guarantor any money
not required for that purpose because of exchange of Notes pursuant to Article 7. If such money is then held by the Issuer or the Guarantor in trust and is not required for such purpose it shall be discharged from such trust. 

If the Paying Agent holds money sufficient to pay the Redemption Price with respect to any Notes (i) for which a Notice of Tax Redemption
has been given and with respect to which a Notice of Tax Redemption Election has not been made or deemed to have been made or (ii) for which a Notice of Provisional Redemption has been given, then, immediately on and after the

  
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Redemption Date, interest on such Notes shall cease to accrue whether or not the Notes are delivered to the Paying Agent, and all other rights of the Holders of such Notes shall terminate, other
than the right to receive the Redemption Price of such Note, including Additional Amounts, if any, with respect thereto. Nothing herein shall preclude the withholding of any taxes required by law to be withheld or deducted. 

Section 5.06 Notes Redeemed in Part. If the Issuer elects to redeem fewer than all of the outstanding Notes in connection with a
Provisional Redemption, the Trustee will select the Notes to be redeemed (such that the principal amount of a Holder’s Note not to be redeemed equals $200,000 or an integral multiple of $1,000 in excess thereof) by lot, or on a pro rata basis,
in all cases in accordance with the Applicable Procedures. Upon surrender of a Note that is redeemed in part pursuant to a Provisional Redemption, the Issuer shall execute, and the Trustee shall authenticate and deliver to the Holder, a new Note in
an authorized denomination, which shall be $200,000 principal amount or an integral multiple of $1,000 in excess thereof, equal in principal amount to the unredeemed portion of the Note surrendered. In the event of a Tax Redemption or Provisional
Redemption, the Issuer shall not be required to (i) issue, register the transfer of or exchange any Notes during the 15 calendar day period prior to the date on which the relevant Notice of Tax Redemption or Notice of Provisional Redemption is
deemed to have been given to all Holders of Notes to be redeemed or (ii) register the transfer of or exchange any Notes so selected for redemption, in whole or in part, except the unredeemed portion of any Notes being redeemed in part pursuant
to a Provisional Redemption. 
 If the Trustee selects a portion of a Holder’s Notes for Provisional Redemption and the Holder
exchanges a portion of such Holder’s Notes, the exchanged portion of such Holder’s Notes shall be deemed to be from the portion selected for redemption, except to the extent of the excess, if any, of such exchanged portion over such
portion selected for redemption. 
 ARTICLE 6 

[RESERVED] 
 ARTICLE 7 

EXCHANGE 
 Section 7.01
Right to Exchange. Subject to and upon compliance with the provisions of this Indenture, a Holder will have the right, at such Holder’s option, to exchange its Notes, or any portion so long as the principal amount of such Holder’s
Notes not exchanged equals $200,000 or an integral multiple of $1,000 in excess thereof, into an amount of cash, a number of Ordinary Shares or a combination of cash and Ordinary Shares, as the case may be, determined in accordance with
Section 7.03 hereof (including such Settlement Method as the Issuer may elect pursuant to this Article 7), based on the Exchange Rate (i) prior to the Close of Business on the Business Day immediately preceding May 15, 2024, only upon
satisfaction of one or more of the conditions set forth in Section 7.01(a), (b), (c), (d) and (e) and (ii) on or after May 15, 2024, at any time prior to the Close of Business on the second Scheduled Trading Day immediately
preceding the Maturity Date. 

  
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 (a) Exchange upon Satisfaction of Sale Price Condition. A Holder may
surrender all or any portion of its Notes for exchange during any calendar quarter commencing after the calendar quarter ending on December 31, 2017 (and only during such calendar quarter), if the Last Reported Sale Price of the Ordinary Shares
for at least 20 Trading Days (whether or not consecutive) during the period of 30 consecutive Trading Days ending on the last Trading Day of the immediately preceding calendar quarter is greater than or equal to 130% of the Exchange Price in effect
on each applicable Trading Day. 
 (b) Exchange upon Satisfaction of Trading Price Condition. A Holder may surrender
all or any portion of its Notes for exchange during the five Business Day period after any five consecutive Trading Day period (the “Measurement Period”) in which the Trading Price per $1,000 principal amount of Notes, as determined
following a request by a Holder in accordance with the procedures set forth herein, for each Trading Day of that Measurement Period was less than an amount equal to 98% of the product of (x) the Last Reported Sale Price of the Ordinary Shares
on such Trading Day and (y) the applicable Exchange Rate on such Trading Day. 
 The Bid Solicitation Agent (if other
than the Issuer) shall have no obligation to determine the Trading Price of the Notes unless the Issuer has requested such determination. The Issuer shall have no obligation to make such a request (or, if the Issuer is acting as Bid Solicitation
Agent, the Issuer shall have no obligation to determine the Trading Price per $1,000 principal amount of the Notes) unless a Holder (or beneficial holder of a Note) of at least $2,000,000 principal amount provides the Issuer with reasonable evidence
that the Trading Price per $1,000 principal amount of Notes would be less than 98% of the product of the Last Reported Sale Price of the Ordinary Shares and the applicable Exchange Rate and requests that the Bid Solicitation Agent determine the
Trading Price per $1,000 principal amount of the Notes. At such time, the Issuer shall instruct the Bid Solicitation Agent (if other than the Issuer) to solicit, or if the Issuer is acting as Bid Solicitation Agent, the Issuer shall solicit, the
secondary market bid quotations in order for the Issuer to determine the Trading Price per $1,000 principal amount of the Notes beginning on the next Trading Day and on each successive Trading Day until the Trading Price per $1,000 principal amount
of Notes is greater than or equal to 98% of the product of the Last Reported Sale Price of the Ordinary Shares and the applicable Exchange Rate. If (x) the Issuer is not acting as the Bid Solicitation Agent, and the Issuer does not, when
required, instruct the Bid Solicitation Agent to obtain bids, or if the Issuer gives such instruction to the Bid Solicitation Agent, and the Bid Solicitation Agent fails to solicit bids, or (y) the Issuer is acting as the Bid Solicitation Agent
and the Issuer fails to solicit bids when required, then, in either case, the Trading Price per $1,000 principal amount of the Notes will be deemed to be less than 98% of the product of the Last Reported Sale Price of the Ordinary Shares and the
applicable Exchange Rate on each Trading Day of such failure. 
 In addition, the Issuer shall provide written notice to the
Bid Solicitation Agent (if other than the Issuer) of the three independent nationally recognized securities dealers selected by the Issuer in accordance with the definition of Trading Price, along with the appropriate contact information for each.
Whenever the condition to exchange set forth in this Section 7.01(b) has been met, but was not met on the immediately preceding Trading Day, the Issuer will so notify the Holders and the Trustee in writing. If, at any

  
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time after the condition to exchange set forth in this Section 7.01(b) has been met and the Notes are exchangeable, the condition to exchange set forth in this Section 7.01(b) ceases to
be met, the Issuer will so notify the Holders, the Exchange Agent (if other than the Trustee) and the Trustee in writing on the first Trading Day on which the Trading Price per $1,000 principal amount of the Notes is greater than or equal to 98% of
the product of the Last Reported Sale Price of the Ordinary Shares and the Exchange Rate on such Trading Day. The Bid Solicitation Agent, the Exchange Agent and the Trustee shall have no obligation to determine the Trading Price per $1,000 principal
amount of the Notes. 
 (c) Exchange upon Specified Corporate Events. 

(i) Certain Distributions. If the Guarantor elects to: 

(A) issue to all or substantially all holders of the Ordinary Shares rights, options or warrants (other than in connection
with a rights plan prior to the separation of the relevant rights from the Ordinary Shares, upon which separation, such rights shall be deemed issued pursuant to this Section 7.01(c)(i)) entitling such holders for a period of not more than 45
calendar days after the Issue Date of such issuance to subscribe for or purchase Ordinary Shares, at a price per Ordinary Share less than the average of the Last Reported Sale Prices of the Ordinary Shares over the 10 consecutive Trading Day period
ending on the Trading Day immediately preceding the declaration date for such issuance; or 
 (B) distribute to all or
substantially all holders of the Ordinary Shares, the Guarantor’s assets, debt securities or rights to purchase securities of the Guarantor (other than in connection with a rights plan prior to the separation of the relevant rights, upon which
separation, such rights shall be deemed issued pursuant to this Section 7.01(c)(i)), which distribution has a per Ordinary Share value, as reasonably determined by the Guarantor in good faith, exceeding 10% of the Last Reported Sale Price of
the Ordinary Shares on the Trading Day preceding the declaration date for such distribution, 
 then, in either case, the Issuer shall
notify the Holders not less than 35 Scheduled Trading Days prior to the Ex-Dividend Date for such issuance or distribution (or, if later in the case of any such separation of rights issued pursuant to a rights plan or the occurrence of any such
triggering event under a rights plan, as soon as reasonably practicable after the Issuer becomes aware that such separation or triggering event has occurred or will occur). Once the Issuer gives such notice, Holders may surrender their Notes for
exchange at any time until the earlier of (x) the Close of Business on the Business Day immediately preceding the Ex-Dividend Date for such issuance or distribution and (y) the Guarantor’s announcement that such issuance or
distribution will not take place. 

  
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 (ii) Certain Corporate Events.  

(A) If a transaction or event that constitutes a Fundamental Change or a Make-Whole Fundamental Change occurs, regardless of
whether a Holder has the right to require the Issuer to repurchase the Notes pursuant to Section 8.01(a) in connection with such transaction or event, all or any portion of a Holder’s Notes may be surrendered for exchange at any time from
or after the effective date of such transaction and ending on the second Scheduled Trading Day preceding the Fundamental Change Repurchase Date (in the case of transaction constituting a Fundamental Change) or the 35th Trading Day following the
effective date of such transaction (in the case of a transaction that constitutes a Make-Whole Fundamental Change that is not also a Fundamental Change). 

(B) If the Guarantor is a party to (x) a consolidation, merger, binding share exchange or scheme of arrangement pursuant
to which the Ordinary Shares would be exchanged into cash, securities or other assets or (y) a sale, lease or other transfer of the consolidated assets of the Guarantor and its subsidiaries, substantially as an entirety, to another Person
(other than to one or more of its direct or indirect Wholly Owned Subsidiaries), all or any portion of a Holder’s Notes may be surrendered for exchange at any time from or after the effective date of such transaction and ending on the 35th
Business Day after the effective date of such transaction. The Issuer shall notify Holders, the Trustee and the Exchange Agent (if other than the Trustee) as promptly as practicable following the date on which the Issuer publicly announces such
transaction, but in no event later than the third Business Day immediately following the effective date of such transaction. 

(d) Exchange upon Notice of Tax Redemption or Notice of Provisional Redemption. If the Issuer has provided a Notice of
Tax Redemption or a Notice of Provisional Redemption, Holders may exchange all or any portion of their Notes at any time prior to the Close of Business on the second Scheduled Trading Day preceding the Redemption Date. After such time, a
Holder’s right to exchange its Notes called for redemption will expire unless the Issuer fails to pay the Redemption Price, in which case a Holder may exchange its Notes called for redemption until the Redemption Price is paid or duly provided
for. 
 (e) Exchange on or after May 15, 2024. Notwithstanding the foregoing conditions set forth in this
Section 7.01, on or after May 15, 2024, a Holder may exchange all or any portion of its Notes at any time prior to the Close of Business on the second Scheduled Trading Day immediately preceding the Maturity Date. 

Section 7.02 Exchange Procedures. 

(a) General. To exercise its exchange privilege with respect to a beneficial interest in a Global Note or with respect
to a Physical Note, the Holder of such Note must: 
 (i) pay any funds required under Section 7.02(d) hereof; 

  
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 (ii) pay any taxes or duties required under the proviso of Section 7.02(e)
hereof; and 
 (iii) if such Note is a Global Note, (A) complete any instruction form required by the Depositary to
effect the exchange of a beneficial interest under the Applicable Procedures; and (B) otherwise comply with the Applicable Procedures of the Depositary in effect on the date such Holder seeks to exchange such beneficial interest; or 

(iv) if such Note is a Physical Note, (A) complete and manually sign the exchange notice on the back of the Note (the
“Exchange Notice”), or a facsimile of the Exchange Notice; (B) deliver the Exchange Notice (or facsimile thereof), which is irrevocable, and the Note to the Exchange Agent; and, (C) if required, furnish appropriate
endorsements and transfer documents. 
 In addition, if a Holder has already delivered a Fundamental Change Repurchase Notice with respect
to a Note in accordance with Section 8.03 hereof, except to the extent that a portion of such Note is not subject to a Fundamental Change Repurchase Notice, the Holder may not surrender that Note for exchange until the Holder has withdrawn the
Fundamental Change Repurchase Notice in accordance with Section 8.04 of this Indenture. If a Holder validly submits any of its Notes for repurchase in accordance with Article 8, such Holder’s right to withdraw the Fundamental Change
Repurchase Notice and exchange such Notes that are subject to repurchase will terminate at the Close of Business on the second Scheduled Trading Day immediately preceding the relevant Fundamental Change Repurchase Date. If the Issuer has designated
a Tax Redemption Date, a Holder that complies with the requirements for exchange set forth in clauses (i) through (iv) above and any other procedures required to effect an exchange under this Indenture will be deemed to have delivered a
notice of its election to not have its Notes so redeemed. 
 The first Business Day on which a Holder complies with the relevant procedures
for exchange set forth in clauses (i) through (iv) above and any other procedures required to effect a exchange under this Indenture shall be the “Exchange Date” with respect to such Note, and, subject to
Section 7.03(c), any exchange of a Note will be deemed to occur at the Close of Business on the Exchange Date applicable to such Note. If, at any time, the last date on which any Note may be exchanged is not a Business Day, such Note may be
exchanged on the immediately following Business Day. 
 (b) Holder of Record. If a Holder surrenders the entire
principal amount of a Note for exchange, as of the Close of Business on the applicable Exchange Date, such Person will no longer be the Holder of such Note. If any Ordinary Shares are issuable upon the exchange of a Note, except as provided under
Sections 7.05(f) and 7.06(g) hereof, the Person in whose name such Ordinary Shares will be registered will become the holder of record of such Ordinary Shares (i) if Physical Settlement applies to such Note, at the Close of Business on the
Exchange Date, and (ii) if Combination Settlement applies to such Note, at the Close of Business on the last VWAP Trading Day of the relevant Observation Period. 

  
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 (c) Exchanges in Part. If a Holder surrenders only a portion of the
principal amount of a Physical Note for exchange, promptly after the applicable Exchange Date, the Issuer, in accordance with Section 3.03, will execute, and the Trustee, in accordance with Section 3.03, will authenticate and deliver to
such Holder, one or more new Physical Notes, each in an authorized denomination and having an aggregate principal amount equal to the unexchanged portion of the Physical Note exchanged in part. Upon the exchange of any beneficial interest in a
Global Note, the Exchange Agent will promptly request that the Trustee make a notation on the “Schedule of Increases and Decreases of Global Note” of such Global Note to reduce the principal amount represented by such Global Note by the
principal amount of the exchanged beneficial interest. 
 (d) Interest upon Exchange; Reimbursement of Interest upon
Exchange. 
 (i) Upon exchange, a Holder shall not receive any separate cash payment or additional Ordinary Shares for
accrued and unpaid interest, if any, except as set forth below. The Issuer’s settlement of the full Exchange Obligation shall be deemed to satisfy in full its obligation to make payments in respect of the Note being exchanged. Except as
specified in clause (ii) below, accrued and unpaid interest, if any, on Notes being exchanged to, but not including, the Exchange Date, will be deemed cancelled, extinguished and forfeited. 

(ii) Notwithstanding clause (i) above, if Holder surrenders a Note for exchange during the period from the Close of
Business on a Regular Record Date to the Open of Business on the corresponding Interest Payment Date, the Holder of such Note as of the Close of Business on the Regular Record Date will receive the full amount of interest payable on such Note on the
corresponding Interest Payment Date. 
 (iii) If a Holder surrenders a Note for exchange during the period from the Close of
Business on a Regular Record Date to the Open of Business on the corresponding Interest Payment Date, such Holder must accompany such Note with an amount of cash equal to the amount of interest that will be payable on such Note on the corresponding
Interest Payment Date; provided, however, that a Holder need not make such payment: 
 (A) if the Exchange Date
follows the Regular Record Date immediately preceding the Maturity Date; 
 (B) if the Issuer has specified a Redemption
Date that is after a Regular Record Date and on or prior to the second Scheduled Trading Day immediately following the corresponding Interest Payment Date; 

(C) if the Issuer has specified a Fundamental Change Repurchase Date that is after a Regular Record Date and on or prior to
the second Scheduled Trading Day immediately following the corresponding Interest Payment Date; or 

  
 60 

 (D) to the extent of any overdue interest, if any overdue interest exists at the
time of exchange with respect to such Note. 
 Therefore, for the avoidance of doubt, all record Holders on the Regular Record Date
immediately preceding the applicable Redemption Date (if Notes are called for redemption pursuant to Article 5) or the Maturity Date will receive the full interest payment due on the Redemption Date or the Maturity Date, as applicable, regardless of
whether their Notes have been exchanged following such Regular Record Date. 
 (e) Taxes Due upon Exchange. If a
Holder exchanges a Note, the Issuer will pay any Transfer Taxes due on the issue of any Ordinary Shares upon the exchange (including any Transfer Taxes due on the issue or transfer of any Ordinary Shares represented by such Ordinary Shares), unless
the tax is due because the Holder requests that any Ordinary Shares be issued in a name other than the Holder’s name, in which case the Holder will pay that tax. 

Section 7.03 Settlement Upon Exchange. 

(a) Settlement Methods. Except to the extent otherwise provided in Sections 7.05(f), 7.05(h), 7.06(f) and 7.07 hereof,
upon exchange of any Note, the Issuer shall pay or cause the delivery of, as the case may be, to the exchanging Holder, in respect of each $1,000 principal amount of Notes being exchanged, cash (a “Cash Settlement”), Ordinary
Shares, together with cash, if applicable, in lieu of any fractional Ordinary Share (a “Physical Settlement”), or a combination of cash and Ordinary Shares, together with cash in lieu of any fractional Ordinary Share (a
“Combination Settlement,” and each of Cash Settlement, Physical Settlement and Combination Settlement, a “Settlement Method,” and the obligation to effect such payment and/or delivery, the “Exchange
Obligation”), at the election of the Issuer, based on the Settlement Method that applies to the Note and the Exchange Rate in effect on the applicable Exchange Date, in each case, as follows: 

(i) Physical Settlement. If the Issuer elects Physical Settlement, the Issuer shall cause to be delivered to the
exchanging Holder a number of Ordinary Shares equal to the product of (A)(x) the aggregate principal amount of the Notes to be exchanged, divided by (y) $1,000 and (B) the Exchange Rate in effect on the applicable Exchange Date;
provided, however, that the Issuer shall pay an amount of cash in lieu of any fractional Ordinary Share determined in accordance with Section 7.03(a)(iv) hereof. The Issuer shall cause to be delivered such Ordinary Shares, and pay any
amount of cash in lieu of any fractional Ordinary Share, on the second Business Day immediately following the applicable Exchange Date. 

  
 61 

 (ii) Cash Settlement. If the Issuer elects Cash Settlement, the Issuer
shall pay to the exchanging Holder in respect of each $1,000 principal amount of the Notes being exchanged, cash in an amount equal to the sum of the Daily Exchange Values for each of the thirty (30) consecutive VWAP Trading Days during the
applicable Observation Period. The Issuer shall pay such amount of cash on the second Business Day immediately following the last VWAP Trading Day of such Observation Period. 

(iii) Combination Settlement. If the Issuer elects (or is deemed to have elected) Combination Settlement, the Issuer
shall pay or cause to be delivered, as the case may be, to the exchanging Holder in respect of each $1,000 principal amount of the Notes being exchanged, a settlement amount equal to the sum of the Daily Settlement Amounts for each of the thirty
(30) consecutive VWAP Trading Days during the applicable Observation Period; provided, however, that the Issuer shall pay an amount of cash in lieu of any fractional Ordinary Share determined in accordance with Section 7.03(a)(iv)
hereof. The Issuer shall pay or cause to be delivered, as the case may be, such settlement amount on the second Business Day immediately following the last VWAP Trading Day of such Observation Period. 

(iv) Fractional Ordinary Share. If Physical Settlement or Combination Settlement applies to a Note and the Issuer’s
Exchange Obligation with respect to such Note includes any fractional Ordinary Share, in lieu of delivering such fractional Ordinary Share, the Issuer will pay the exchanging Holder, (A) if Physical Settlement applies to such Note, an amount of
cash equal to the product of (x) such fraction of an Ordinary Share and (y) the Daily VWAP on the applicable Exchange Date (or, if such Exchange Date is not a VWAP Trading Day, the immediately preceding VWAP Trading Day), and, (B) if
Combination Settlement applies to such Note, an amount of cash equal to the product of (x) such fraction of an Ordinary Share and (y) the Daily VWAP on the last VWAP Trading Day of the applicable Observation Period. 

(v) Exchange of Multiple Notes by a Single Holder. If a Holder surrenders more than one Note for exchange on a single
Exchange Date, the Issuer will calculate its Exchange Obligation with respect to such Notes as if such Holder had surrendered for exchange one Note having an aggregate principal amount equal to the sum of the principal amounts of each of the Notes
surrendered for exchange by such Holder on such Exchange Date. 
 (vi) Settlement of Accrued Interest and Deemed Payment
of Principal. Notwithstanding anything to the contrary in this Indenture, if a Holder exchanges a Note, the Issuer will not adjust the Exchange Rate to account for any accrued and unpaid interest on such Note. Except as provided in
Section 7.02(d), any such accrued and unpaid interest will be deemed cancelled, extinguished and forfeited. 

  
 62 

 (b) Issuer’s Right to Elect the Settlement Method. Except to the
extent otherwise provided in Section 7.06(f) or 7.07 hereof: 
 (i) All exchanges for which the relevant Exchange Date
occurs on or after May 15, 2024, and all exchanges for which the relevant Exchange Date occurs after the Issuer’s issuance of a Redemption Notice with respect to the Notes and prior to the related Close of Business on the second Scheduled
Trading Day preceding the Redemption Date, shall be settled using the same Settlement Method. 
 (ii) Except for any
exchanges for which the relevant Exchange Date occurs on or after May 15, 2024, and any exchanges for which the relevant Exchange Date occurs after the Issuer’s issuance of a Redemption Notice with respect to the Notes but prior to the
Close of Business on the second Scheduled Trading Day preceding the related Redemption Date, the Issuer shall use the same Settlement Method for all exchanges with the same Exchange Date, but the Issuer shall not have any obligation to use the same
Settlement Method with respect to exchanges with different Exchange Dates. 
 (iii) If, in respect of any Exchange Date (or
one of the periods described in the third immediately succeeding set of parentheses, as the case may be), the Issuer elects to deliver a notice (the “Settlement Notice”) of the relevant Settlement Method in respect of such Exchange
Date (or such period, as the case may be), the Issuer, through the Trustee, shall deliver such Settlement Notice to exchanging Holders no later than the Close of Business on the Scheduled Trading Day immediately following the relevant Exchange Date
(or, in the case of any conversions for which the relevant Exchange Date occurs (x) after the date of issuance of a Redemption Notice with respect to the Notes and on or prior to the second Scheduled Trading Day prior to the related Redemption
Date, in such Redemption Notice or (y) on or after May 15, 2024, no later than the Close of Business on the Business day immediately preceding May 15, 2024). If the Issuer does not elect a Settlement Method prior to the deadline set
forth in the immediately preceding sentence, the Issuer shall no longer have the right to elect Cash Settlement or Physical Settlement and the Issuer shall be deemed to have elected Combination Settlement in respect of its Exchange Obligation, and
the Specified Dollar Amount per $1,000 principal amount of Notes shall be equal to $1,000. Such Settlement Notice shall specify the relevant Settlement Method and in the case of an election of Combination Settlement, the relevant Settlement Notice
shall indicate the Specified Dollar Amount per $1,000 principal amount of Notes. If the Issuer delivers a Settlement Notice electing Combination Settlement in respect of its Conversion Obligation but does not indicate a Specified Dollar Amount per
$1,000 principal amount of Notes in such Settlement Notice, the Specified Dollar Amount per $1,000 principal amount of Notes shall be deemed to be $1,000. 

(iv) The Issuer may, prior to May 15, 2024, at its option, irrevocably elect Combination Settlement with a Specified
Dollar Amount per $1,000 principal amount of Notes of $1,000, for all exchanges for which the relevant Exchange Date occurs subsequent to such notice, by notice of such election to all Holders by delivering written notice to the Holders, the Trustee
and the Exchange 

  
 63 

 
Agent and issuing a press release containing the relevant information and making such information available on the Guarantor’s website or through such other public medium as it may use at
that time and by filing the announcement with the Bermuda Stock Exchange as long as the Notes are listed thereon. Following such irrevocable election, the Issuer will not have the right to change the Settlement Method. 

(v) To elect the Settlement Method that will apply to every Note having an Exchange Date on or after May 15, 2024, on or
prior to the Close of Business on the Business Day immediately preceding May 15, 2024, the Issuer shall deliver notice of the Settlement Method that will apply to every Note having an Exchange Date on or after May 15, 2024 to the Trustee
and issue a press release containing the relevant information, make such information available on the Guarantor’s website and file such announcement with the Bermuda Stock Exchange as long as the Notes are listed thereon. 

(vi) To elect the Settlement Method that will apply to every Note having an Exchange Date after a Redemption Notice Date and
prior to the second Scheduled Trading Day preceding the related Redemption Date, the Issuer shall provide notice of the Settlement Method that will apply to every Note having an Exchange Date after a Redemption Notice Date and prior to the second
Scheduled Trading Day preceding the related Redemption Date in the applicable Redemption Notice. 
 (vii) Whenever an
Exchange Date occurs with respect to a Note, the Exchange Agent will, as promptly as possible, and in no event later than Open of Business, on the Scheduled Trading Day immediately following such Exchange Date, deliver to the Issuer and the Trustee
notice that an Exchange Date has occurred, which notice will state such Exchange Date, the principal amount of Notes exchanged on such Exchange Date and the names of the Holders that exchanged Notes on such Exchange Date. 

On the first Business Day immediately following the last VWAP Trading Day of the Observation Period applicable to any Exchange
Date, the Issuer will deliver written notice to the Exchange Agent and the Trustee stating (A) the Daily Settlement Amounts (if Combination Settlement applies to the Notes exchanged on such Exchange Date) or the Daily Exchange Values (if Cash
Settlement applies to the Notes exchanged on such Exchange Date), in each case, for each VWAP Trading Day in such Observation Period, and (B) the amount of cash, the number of Ordinary Shares or the amount of cash and the number of Ordinary
Shares, as the case may be, that the Issuer is obligated to pay or cause to be delivered, as the case may be, to satisfy its Exchange Obligation with respect to each Note exchanged on such Exchange Date. 

  
 64 

 (c) Surrender to Financial Institution in Lieu of Exchange. 

Notwithstanding the provisions described above in this Section 7.03, in satisfaction of the Exchange Obligation, the
Issuer may, at its election (a “Financial Institution Surrender Election”), direct the Exchange Agent to surrender, on or prior to the Trading Day following the Exchange Date, such Notes to one or more financial
institutions designated by the Issuer (a “Financial Institution Surrender”) in lieu of exchange. In order to accept any Notes surrendered for a Financial Institution Surrender, the designated financial institution(s) must agree to
timely deliver, in exchange for such Notes, the cash, Ordinary Shares or combination of cash and Ordinary Shares, at the Issuer’s election, equal to the consideration due upon exchange (the “Exchange Consideration”) pursuant to
this Section 7.03, as is designated to the Exchange Agent in writing by the Issuer. If the Issuer makes a Financial Institution Surrender Election, by the Close of Business on the Trading Day following the relevant surrender date, the Issuer
shall (i) notify, in the manner provided in this Section 7.03, the Holder surrendering its Notes for exchange, the Exchange Agent (if other than the Trustee) and the Trustee, that the Issuer has made the Financial Institution Surrender
Election and (ii) notify the designated financial institution(s) of the relevant deadline for delivery of the Exchange Consideration. If the designated financial institution(s) accepts any such Notes, it or they shall deliver the Exchange
Consideration in accordance with this Section 7.03. Any Notes exchanged by the designated financial institution(s) shall remain outstanding, subject to the Applicable Procedures of the Depositary. If the designated financial institution(s)
agrees to accept any Notes for surrender but does not timely deliver the related Exchange Consideration, or if such designated financial institution(s) does not accept the Notes for a Financial Institution Surrender, the Issuer shall deliver the
relevant Exchange Consideration as if the Issuer had not made a Financial Institution Surrender Election. The Issuer’s designation of a financial institution(s) to which the Notes may be submitted for a Financial Institution Surrender does not
require such institution to accept any Notes. The Issuer may, but will not be obligated to, enter into a separate agreement with any designated financial institution that would compensate it for any such transaction. 

Section 7.04 Certain Provisions Related to Ordinary Shares Issued Hereunder. 

(a) The Guarantor shall and the Issuer shall cause the Guarantor to provide, free from preemptive rights, out of the
Guarantor’s authorized but unissued shares or shares held in treasury, sufficient Ordinary Shares to provide for exchange of the Notes from time to time as such Notes are presented for exchange (assuming that at the time of computation of such
number of Ordinary Shares, all such Notes would be converted by a single Holder and Physical Settlement applies to such Notes). 

(b) Each of the Guarantor and the Issuer covenants that all Ordinary Shares issued upon exchange of Notes will be fully paid
and non-assessable by the Guarantor and free from all taxes, liens and charges with respect to the issue thereof. 
 (c) The
Guarantor will cause any Ordinary Shares issuable hereunder (whether upon exchange, under the terms of the Guarantee or otherwise) to be listed on whatever stock exchange(s) the Ordinary Shares are listed, if permitted and required by the rules of
such stock exchange(s), on the date the exchanging Holder becomes a record holder of such Ordinary Shares. 

  
 65 

 (d) The Issuer and the Guarantor acknowledge that the allotment and issue of
Ordinary Shares and the delivery of Ordinary Shares, if any, hereunder (whether upon exchange, under the terms of the Guarantee or otherwise) by the Guarantor (or by the Ordinary Share Depositary at the direction of the Guarantor) will create an
equivalent debt owing from the Issuer to the Guarantor. For the avoidance of doubt, upon the delivery of Ordinary Shares by the Guarantor in respect of an Exchange Obligation, the portion of such Exchange Obligation consisting of an obligation to
deliver or cause to be delivered Ordinary Shares shall be deemed satisfied to the extent of the Ordinary Shares so delivered. 

Section 7.05 Adjustment of Exchange Rate. 

The Issuer will adjust the Exchange Rate from time to time as described in this Section 7.05, except that the Issuer will not make any
adjustments to the Exchange Rate for any transaction described in this Section 7.05 (other than in the case of (x) a share subdivision or share consolidation or (y) a tender or exchange offer) if each Holder participates, in such
transaction at the same time and upon the same terms as holders of the Ordinary Shares and solely as a result of holding the Notes, without having to exchange its Notes and as if it held a number of Ordinary Shares equal to the applicable Exchange
Rate, multiplied by the principal amount (expressed in thousands) of Notes held by such Holder. 
 (a) Stock
Dividends and Share Splits. If the Guarantor exclusively issues Ordinary Shares as a dividend or distribution on all or substantially all of the Ordinary Shares, or if the Guarantor effects an Ordinary Share subdivision or Ordinary Share
consolidation, the Exchange Rate will be adjusted based on the following formula: 
  

							
		 	ER1 = ER0 ×	 	 OS1
	 	
		 	 	OS0	 	

 where: 
  

					
	 ER0
	  	=	  	the Exchange Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date of such dividend or distribution, or immediately prior to the Open of Business on the Effective Date of such Ordinary Share subdivision or
Ordinary Share consolidation, as applicable;
			
	 ER1
	  	=	  	the Exchange Rate in effect immediately after the Open of Business on such Ex-Dividend Date or Effective Date;
			
	 OS0
	  	=	  	the number Ordinary Shares in issue immediately prior to the Open of Business on such Ex-Dividend Date or such Effective Date; and
			
	 OS1
	  	=	  	the number of Ordinary Shares in issue immediately after giving effect to such dividend, distribution, Ordinary Share subdivision or Ordinary Share consolidation.

  
 66 

 Any adjustment made under this Section 7.05(a) shall become effective immediately after the
Open of Business on the Ex-Dividend Date for such dividend or distribution, or immediately after the Open of Business on the Effective Date for such Ordinary Share subdivision or Ordinary Share consolidation. If any dividend or distribution of the
type described in this Section 7.05(a) is declared but not so paid or made, the Exchange Rate shall be immediately readjusted, effective as of the date the Guarantor’s Board of Directors determines not to pay such dividend or distribution,
to the Exchange Rate that would then be in effect if such dividend or distribution had not been declared. 
 (b) Rights,
Options, and Warrants. If the Guarantor issues to all or substantially all holders of Ordinary Shares any rights, options or warrants (other than rights issued pursuant to a rights plan adopted by the Guarantor) entitling such holders for a
period of not more than 45 calendar days after the date of such issuance to subscribe for or purchase Ordinary Shares, at a price per Ordinary Share less than the average of the Last Reported Sale Prices of the Ordinary Shares over the 10
consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the declaration date for such issuance, the Exchange Rate will be increased based on the following formula: 

 

							
		 	ER1 = ER0 ×	 	 OS0 + X
	 	
		 	 	OS0 + Y	 	

 where: 
  

					
	 ER0
	  	=	  	the Exchange Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such issuance;
			
	 ER1
	  	=	  	the Exchange Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
			
	 OS
	  	=	  	the number of Ordinary Shares in issue immediately prior to the Open of Business on such Ex-Dividend Date;
			
	 X
	  	=	  	the total number of Ordinary Shares issuable pursuant to such rights, options or warrants; and
			
	 Y
	  	=	  	the number of Ordinary Shares equal to the aggregate price payable to exercise such rights, options or warrants divided by the average of the Last Reported Sale Prices of the Ordinary Shares over the 10 consecutive Trading Day
period ending on, and including, the Trading Day immediately preceding the declaration date of such issuance.

 Any increase made under this Section 7.05(b) will be made successively whenever any such rights, options
or warrants are issued and shall become effective immediately after the Open of Business on the Ex-Dividend Date for such issuance. To the extent that Ordinary Shares are not delivered (including as a result of such rights, options or

  
 67 

 
warrants not being exercised) after the expiration of such rights, options or warrants, the Exchange Rate shall be readjusted to the Exchange Rate that would then be in effect had the increase
with respect to the issuance of such rights, options or warrants been made on the basis of delivery of only the number of Ordinary Shares actually delivered. If such rights, options or warrants are not so issued or if no such rights, options or
warrants are exercised prior to their expiration, the Exchange Rate shall be readjusted to be the Exchange Rate that would then be in effect if such Ex-Dividend Date for such issuance had not occurred. 

For purposes of this Section 7.05(b) and for purposes of Section 7.01(c)(i), in determining whether any rights,
options or warrants entitle holders of Ordinary Shares to subscribe for or purchase Ordinary Shares, at a price per Ordinary Share less than such average of the Last Reported Sale Prices for the Ordinary Shares over the 10 consecutive Trading Day
period ending on, and including, the Trading Day immediately preceding the declaration date for such issuance, and in determining the aggregate offering price of such Ordinary Shares, there shall be taken into account any consideration received by
the Guarantor for such rights, options or warrants and any amount payable on exercise or exchange thereof, the value of such consideration, if other than cash, to be determined by the Issuer in good faith. 

(c) Spin-Offs and Other Distributed Property. 

(i) If the Guarantor distributes shares of the Guarantor’s Share Capital, evidences of its indebtedness, other assets or
property of the Guarantor or rights, options or warrants to acquire the Guarantor’s Share Capital or other securities of the Guarantor (the “Distributed Property”) to all or substantially all holders of the Ordinary Shares,
excluding: 
 (A) dividends, distributions, rights, options or warrants as to which an adjustment was effected pursuant to
Section 7.05(a) hereof or Section 7.05(b) hereof; 
 (B) dividends or distributions paid exclusively in cash as to
which an adjustment was effected pursuant to Section 7.05(d) hereof; 
 (C) any dividends and distributions in
connection with a Merger Event resulting in the change in the Exchange Consideration as described in Section 7.07; 

(D) except as otherwise described under this Section 7.05(h), rights issued pursuant to a rights plan adopted by the
Guarantor; or 
 (E) Spin-Offs as to which the provisions of Section 7.05(c)(ii) hereof shall apply, 

then the Exchange Rate will be increased based on the following formula: 

 

							
		 	ER1 = ER0 ×	 	 SP0
	 	
		 	 	SP0 - FMV	 	

  
 68 

 where: 
  

					
	 ER0
	  	=	  	the Exchange Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such distribution;
			
	 ER1
	  	=	  	the Exchange Rate in effect immediately after the Open of Business on such Ex-Dividend Date;
			
	 SP0
	  	=	  	the average of the Last Reported Sale Prices of the Ordinary Shares over the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Ex-Dividend Date for such distribution; and
			
	 FMV
	  	=	  	the fair market value (as determined by the Issuer in good faith) of the Distributed Property distributed with respect to each outstanding Ordinary Share in issue on the Ex-Dividend Date for such distribution.

 If “FMV” (as defined above) is equal to or greater than the “SP0” (as defined above), in lieu of the foregoing increase, each Holder will receive, in respect of each $1,000 principal amount of Notes it holds, at the same time and upon the same terms as
holders of the Ordinary Shares, the amount and kind of the Distributed Property that such Holder would have received if such Holder had owned a number of Ordinary Shares equal to the Exchange Rate in effect on the Ex-Dividend Date for the
distribution. 
 Any increase in the Exchange Rate made under this Section 7.05(c)(i) will become effective immediately
after the Open of Business on the Ex-Dividend Date for such distribution. If such distribution is not so paid or made, the Exchange Rate shall be readjusted to be the Exchange Rate that would then be in effect if such dividend or distribution had
not been declared. 
 (ii) With respect to an adjustment pursuant to this Section 7.05(c) where there has been a payment
of a dividend or other distribution on the Ordinary Shares of shares of Share Capital of any class or series, or similar equity interest, of or relating to a Subsidiary or other business unit of the Guarantor, and such Share Capital or similar
equity interest is listed or quoted (or will be listed or quoted upon the consummation of such dividend or other distribution) on a U.S. national securities exchange or a reasonably comparable non-U.S. equivalent (a “Spin-Off”), the
Exchange Rate will be increased based on the following formula: 
  

							
		 	ER1 = ER0 ×	 	 FMV0 + MP0
	 	
		 	 	MP0	 	

  
 69 

 where: 
  

					
	 ER0
	  	=	  	the Exchange Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for the Spin-Off;
			
	 ER1
	  	=	  	the Exchange Rate in effect immediately after the Open of Business on the Ex-Dividend Date for the Spin-Off;
			
	 FMV0
	  	=	  	the average of the Last Reported Sale Prices of the Share Capital or similar equity interest distributed to holders of the Ordinary Shares applicable to one Ordinary Share (determined by reference to the definition of “Last
Reported Sale Price” set forth in Section 1.01 hereof as if references therein to Ordinary Shares were to such Share Capital or similar equity interest) over the first 10 consecutive Trading Day period after, and including, the Ex-Dividend Date
of the Spin-Off (the “Valuation Period”); and
			
	 MP0
	  	=	  	the average of the Last Reported Sale Prices of the Ordinary Shares over the Valuation Period.

 The adjustment to the Exchange Rate under the preceding paragraph will be determined on the last Trading Day of
the Valuation Period, but given effect as of the Ex-Dividend Date for the Spin-Off; provided that (x) in respect of any exchange of Notes for which Physical Settlement is applicable, if the relevant Exchange Date occurs during the
Valuation Period, references in this Section 7.05(c)(ii) with respect to 10 Trading Days shall be deemed to be replaced with such lesser number of Trading Days as have elapsed between the Ex-Dividend Date of such Spin-Off and the Exchange Date
in determining the Exchange Rate and (y) in respect of any exchange of Notes for which Cash Settlement or Combination Settlement is applicable, for any Trading Day that falls within the relevant Observation Period for such exchange and within
the Valuation Period, references in the preceding paragraph with respect to 10 Trading Days shall be deemed to be replaced with such lesser number of Trading Days as have elapsed between the Ex-Dividend Date for such Spin-Off and such Trading Day in
determining the Exchange Rate as of such Trading Day. In addition, if the Ex-Dividend Date for such Spin-Off is after the 10th Trading Day immediately preceding, and including, the end of any Observation Period in respect of an exchange of Notes,
references in the preceding paragraph to 10 Trading Days will be deemed to be replaced, solely in respect of that exchange, with such lesser number of Trading Days as have elapsed from, and including, the Ex-Dividend Date for the Spin-Off to, and
including, the last VWAP Trading Day of such Observation Period. 
 If any dividend or distribution that constitutes a
Spin-Off is not so paid, the Exchange Rate shall be decreased, effective as of the date the Guarantor’s Board of Directors determines not to pay such dividends or distributions, to the Exchange Rate that would then be in effect if such dividend
or distribution had not been declared. 

  
 70 

 For purposes of this Section 7.05(c) (and subject in all respect to
Section 7.05(h)), rights, options or warrants distributed by the Guarantor to all holders of the Ordinary Shares entitling them to subscribe for or purchase shares of the Guarantor’s Share Capital, including the Ordinary Shares (either
initially or under certain circumstances), which rights, options or warrants, until the occurrence of a specified event or events (“Trigger Event”): (A) are deemed to be transferred with such Ordinary Shares; (B) are not
exercisable; and (C) are also issued in respect of future issuances of the Ordinary Shares, shall be deemed not to have been distributed for purposes of this Section 7.05(c) (and no adjustment to the Exchange Rate under this
Section 7.05(c) will be required) until the occurrence of the earliest Trigger Event, whereupon such rights, options or warrants shall be deemed to have been distributed and an appropriate adjustment (if any is required) to the Exchange Rate
shall be made under this Section 7.05(c). If any such right, option or warrant, including any such existing rights, options or warrants distributed prior to the date of this Indenture, are subject to events, upon the occurrence of which such
rights, options or warrants become exercisable to purchase different securities, evidences of indebtedness or other assets, then the date of the occurrence of any and each such event shall be deemed to be the Ex-Dividend Date with respect to new
rights, options or warrants with such rights (in which case the existing rights, options or warrants shall be deemed to terminate and expire on such date without exercise by any of the holders thereof). In addition, in the event of any distribution
(or deemed distribution) of rights, options or warrants, or any Trigger Event or other event (of the type described in the immediately preceding sentence) with respect thereto that was counted for purposes of calculating a distribution amount for
which an adjustment to the Exchange Rate under this Section 7.05(c) was made, (1) in the case of any such rights, options or warrants that shall all have been purchased without exercise by any holders thereof, upon such final purchase
(x) the Exchange Rate shall be readjusted as if such rights, options or warrants had not been issued and (y) the Exchange Rate shall then again be readjusted to give effect to such distribution, deemed distribution or Trigger Event, as the
case may be, as though it were a cash distribution, equal to the per share purchase price received by a holder or holders of the Ordinary Shares with respect to such rights, options or warrants (assuming such holder had retained such rights, options
or warrants), made to all holders of Ordinary Shares as of the date of such purchase, and (2) in the case of such rights, options or warrants that shall have expired or been terminated (or deemed to have expired or been terminated pursuant to
the immediately preceding sentence) without exercise by any holders thereof, the Exchange Rate shall be readjusted as if such rights, options and warrants had not been issued (to the extent any adjustment to the Exchange Rate was made in connection
with such issuance). 
 For purposes of Section 7.05(a) hereof, Section 7.05(b) hereof and this
Section 7.05(c), if any dividend or distribution to which this Section 7.05(c) applies includes one or both of: 

(A) a dividend or distribution of Ordinary Shares to which Section 7.05(a) hereof also applies (the “Clause A
Distribution”); or 
 (B) a dividend or distribution of rights, options or warrants to which Section 7.05(b)
hereof also applies (the “Clause B Distribution”), 

  
 71 

 then, in either case, (i) such dividend or distribution, other than the Clause A Distribution and the Clause
B Distribution, shall be deemed to be a dividend or distribution to which this Section 7.05(c) applies (the “Clause C Distribution”) and any Exchange Rate adjustment required to be made under this Section 7.05(c) with
respect to such Clause C Distribution shall then be made, (ii) the Clause B Distribution, if any, shall be deemed to immediately follow the Clause C Distribution and any Exchange Rate adjustment required by Section 7.05(b) hereof with
respect thereto shall then be made, except that, if determined by the Guarantor, (A) the “Ex-Dividend Date” of the Clause B Distribution and the Clause A Distribution, if any, shall be deemed to be the Ex-Dividend Date of the Clause C
Distribution and (B) any Ordinary Shares included in the Clause A Distribution or the Clause B Distribution shall not be deemed to be “outstanding immediately prior to the Open of Business on such Ex-Dividend Date” within the meaning
of Section 7.05(b) hereof, and (iii) the Clause A Distribution, if any, shall be deemed to immediately follow the Clause C Distribution or the Clause B Distribution, as the case may be, except that, if determined by the Guarantor,
(A) the “Ex-Dividend Date” of the Clause A Distribution and the Clause B Distribution, if any, shall be deemed to be the Ex-Dividend Date of the Clause C Distribution, and any Ordinary Shares included in the Clause A distribution
shall not be deemed to be “outstanding immediately prior to the Open of Business on such Ex-Dividend Date or such Effective Date within the meaning of Section 7.05(a) hereof. 

(d) Cash Dividends or Distributions. If any cash dividend or distribution is made to all or substantially all holders of
the Ordinary Shares, the Exchange Rate will be adjusted based on the following formula: 
  

							
		 	ER1 = ER0 ×	 	 SP0
	 	
		 	 	SP0 - C	 	

 where: 
  

					
	 ER0
	  	=	  	the Exchange Rate in effect immediately prior to the Open of Business on the Ex-Dividend Date for such dividend or distribution;
			
	 ER1
	  	=	  	the Exchange Rate in effect immediately after the Open of Business on the Ex-Dividend Date for such dividend or distribution;
			
	 SP0
	  	=	  	the Last Reported Sale Price of the Ordinary Shares on the Trading Day immediately preceding the Ex-Dividend Date for such dividend or distribution; and
			
	 C
	  	=	  	the amount in cash per Ordinary Share that the Guarantor distributes to holders of the Ordinary Shares.

 If “C” (as defined above) is equal to or greater than “SP0” (as defined above), in lieu of the foregoing increase, each Holder shall receive, for each $1,000 principal amount of Notes it holds, at the same time and upon the same terms as holders of
the Ordinary 

  
 72 

 
Shares, the amount of cash that such Holder would have received if such Holder had owned a number of Ordinary Shares equal to the Exchange Rate on the Ex-Dividend Date for such cash dividend or
distribution. Any such increase shall become effective immediately after the Open of Business on the Ex-Dividend Date for such dividend or distribution. If such dividend or distribution is not so paid, the Exchange Rate shall be decreased to be the
Exchange Rate that would then be in effect if such dividend or distribution had not been declared. 
 (e) Tender Offers or
Exchange Offers. If the Guarantor or any of its Subsidiaries makes a payment in respect of a tender offer or exchange offer for the Ordinary Shares that is subject to the then-applicable tender offer rules under the Exchange Act (other than an
odd lot tender offer that satisfies the requirements of Rule 13e-4(h)(5), or any successor rule), to the extent that the cash and value of any consideration other than cash (as determined by the Issuer in good faith) included in the payment per
Ordinary Share exceeds the average of the Last Reported Sale Price of the Ordinary Shares over the 10 consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the last date on which tenders or exchanges may be
made pursuant to such tender offer or exchange offer, the Exchange Rate will be increased based on the following formula: 
  

							
		 	ER1 = ER0 ×	 	 AC + (SP1 x OS1)
	 	
		 	 	OS0 x SP1	 	

 where: 
  

					
	 ER0
	  	=	  	the Exchange Rate in effect immediately prior to the Close of Business on the 10th Trading Day immediately following, and including, the Trading Day next succeeding the date such tender offer or exchange offer expires;
			
	 ER1
	  	=	  	the Exchange Rate in effect immediately after the Close of Business on the 10th Trading Day immediately following, and including, the Trading Day next succeeding the date such tender offer or exchange offer expires;
			
	 AC
	  	=	  	the aggregate value, on the date such tender or exchange offer expires, of all cash and any other consideration (as determined by the Issuer in good faith) paid or payable for Ordinary Shares purchased in such tender offer or
exchange offer;
			
	 OS0
	  	=	  	the number of Ordinary Shares in issue immediately prior to the Close of Business on the date such tender offer or exchange offer expires (prior to giving effect to the purchase of all Ordinary Shares accepted for purchase or
exchange in such tender offer or exchange offer);
			
	 OS1
	  	=	  	the number of Ordinary Shares in issue immediately after the Close of Business on the date such tender offer or exchange offer expires (after giving effect to the purchase of all Ordinary Shares accepted for purchase or exchange in
such tender offer or exchange offer); and

  
 73 

					
			
	 SP1
	  	=	  	the average of the Last Reported Sale Prices of the Ordinary Shares over the 10 consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the date such tender or exchange offer expires.

 The adjustment to the Exchange Rate under the preceding paragraph will occur at the Close of Business on the
10th Trading Day immediately following, and including, the Trading Day next succeeding the date such tender offer or exchange offer expires; provided that (x) in respect of any exchange of Notes for which Physical Settlement is
applicable, if the relevant Exchange Date occurs during the 10 Trading Days immediately following, and including, the Trading Day next succeeding the expiration date of any tender or exchange offer, references to with respect to 10 Trading Days (or
the 10th Trading Day) in the preceding paragraph shall be deemed replaced with such lesser number of Trading Days as have elapsed between the expiration date of such tender or exchange offer and such Exchange Date in determining the exchange rate
and (y) in respect of any exchange of Notes for which Cash Settlement or Combination Settlement is applicable, for any Trading Day that falls within the relevant Observation Period for such exchange and within the 10 Trading Days immediately
following, and including, the Trading Day next succeeding the expiration date of any tender offer or exchange offer, references with respect to 10 Trading Days (or the 10th Trading Day) shall be deemed replaced with such lesser number of Trading
Days as have elapsed between the expiration date of such tender offer or exchange offer and the Exchange Date in determining the Exchange Rate. In addition, if the Trading Day next succeeding the date such tender offer or exchange offer expires is
after the 10th Trading Day immediately preceding, and including, the end of any Observation Period in respect of an exchange of Notes, references in the preceding paragraph to 10 Trading Days (or the 10th Trading Day) shall be deemed to be replaced,
solely in respect of that exchange, with such lesser number of Trading Days as have elapsed from, and including, the Trading Day next succeeding the date such tender or exchange offer expires to, and including, the last VWAP Trading Day of such
Observation Period. 
 If the Guarantor or one of its Subsidiaries is obligated to purchase Ordinary shares pursuant to any such tender offer
or exchange offer described in this Section 7.05(e) but is permanently prevented by applicable law from effecting any such purchase or all such purchases are rescinded, the applicable Exchange Rate will be readjusted to be the Exchange Rate
that would then be in effect if such tender offer or exchange offer had not been made or had been made only in respect of the purchases that have been effected. 

(f) [Reserved]. 

(g) Special Provisions for Combination Settlement of Certain Exchanges. Notwithstanding anything to the contrary herein,
if an Exchange Rate adjustment becomes effective on any Ex-Dividend Date as described in this Section 7.05, and a Holder that has exchanged its Notes on or after such Ex-Dividend Date and on or prior to

  
 74 

 
the related Record Date would be treated as the record holder of Ordinary Shares as of the related Exchange Date based on an adjusted Exchange Rate for such Ex-Dividend Date, then,
notwithstanding the foregoing Exchange Rate adjustment provisions, the Exchange Rate adjustment relating to such Ex-Dividend Date will not be made for such exchanging Holder. Instead, such Holder will be treated as if such Holder were the record
owner of Ordinary Shares on an unadjusted basis and participate in the related dividend, distribution or other event giving rise to such adjustment. 

(h) Rights Plan. To the extent that the Guarantor has a rights plan applicable to the Ordinary Shares in effect upon
exchange of any Notes, if Physical Settlement or Combination Settlement applies to such a Note, the exchanging Holder will receive, in addition to any Ordinary Shares received in connection with such exchange, the rights under such rights plan.
However, if prior to any exchange, the rights have separated from the Ordinary Shares in accordance with the provisions of the applicable rights plan, the Exchange Rate will be adjusted at the time of separation as if the Guarantor distributed, to
all or substantially all holders of the Ordinary Shares, the Distributed Property as described in clause (c) of this Section 7.05, subject to readjustment in the event of the expiration, termination or redemption of such rights. 

(i) Other Adjustments. Whenever a provision of this Indenture requires the Issuer to calculate the Last Reported Sale
Prices, the Daily VWAPs, the Daily Exchange Values, the Daily Settlement Amounts or any functions thereof over a span of multiple days (including, without limitation, during an Observation Period and, if applicable, during the 5 Trading Day period
used to determine the Ordinary Share Price), the Issuer will make appropriate adjustments (to the extent no corresponding adjustment is otherwise made pursuant to the provisions in Section 7.05) to each to account for any event requiring an
adjustment to the Exchange Rate where the Ex-Dividend Date, the Effective Date or the date of the event occurs at any time during the period when the Last Reported Sale Prices, the Daily VWAPs, the Daily Exchange Values, the Daily Settlement Amounts
or any functions thereof are to be calculated. 
 (j) Successive Adjustments. After an adjustment to the Exchange Rate
under this Article 7, any subsequent event requiring an adjustment under this Article 7 will cause an adjustment to the Exchange Rate as so adjusted, without duplication. 

(k) Limitations on Adjustments. 

(i) Except as stated in this Article 7, the Issuer will not adjust the Exchange Rate for the issuance of Ordinary Shares or any
securities exchangeable into or exchangeable for Ordinary Shares or the right to purchase Ordinary Shares or such exchangeable or exchangeable securities. 

  
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 (ii) In addition, notwithstanding anything to the contrary in this
Section 7.05, the applicable Exchange Rate shall not be adjusted: 
 (A) except as provided under Sections 7.05(a)
through (e), upon the sale of Ordinary Shares for a purchase price that is less than the market price per Ordinary Share or less than the Exchange Price; 

(B) upon the issuance of any Ordinary Shares pursuant to any present or future plan providing for the reinvestment of
dividends or interest payable on the Guarantor’s securities and the investment of additional optional amounts in Ordinary Shares under any plan; 

(C) upon the issuance of any Ordinary Shares or options, warrants or rights to purchase Ordinary Shares pursuant to any
present or future employee, director or consultant benefit plan or program of, or assumed by, the Guarantor or any of its Subsidiaries; or 

(D) upon the issuance of any Ordinary Shares pursuant to any option, warrant, right or exercisable or exchangeable security
not described in clause (B) above and outstanding as of the Issue Date; 
 (E) for share repurchases that are not
tender offers referred to in Section 7.05(e), including structured or derivative transactions or pursuant to a share repurchase program approved by the Guarantor’s Board of Directors; 

(F) for a change solely in the nominal value of the Ordinary Shares; or 

(G) for accrued and unpaid interest, if any. 

(l) Notwithstanding anything to the contrary in this Section 7.05, the Issuer shall not be required to make an adjustment
in the Exchange Rate unless the adjustment would require a change in the Exchange Rate of at least 1.0%. However, the Issuer shall carry forward any adjustments that are less than 1.0% of the Exchange Rate and make such carried-forward adjustments
(i) when the aggregate of all such carried-forward adjustments equals or exceeds 1.0% and (2) regardless of whether the aggregate adjustment is less than 1.0%, (A) upon the occurrence of a Fundamental Change or a Make-Whole
Fundamental Change, (B) with respect to Notes exchanged on each Exchange Date for any such Notes (in the case of Physical Settlement) and on each Trading Day during any Observation Period for any such Notes (in the case of Cash Settlement or
Combination Settlement), (C) for any adjustments that have not been made prior to May 15, 2024, on May 15, 2024 and (D) on the second Scheduled Trading Day immediately preceding the Maturity Date. Adjustments to the applicable
Exchange Rate will be calculated to the nearest 1/10,000th of an Ordinary Share. 
 (m) For purposes of this
Section 7.05, subject to Section 7.05(c) hereof, the number of Ordinary Shares in issue at any time will include Ordinary Shares issuable in respect of scrip certificates issued in lieu of fractions of Ordinary Shares, but, so long as the
Guarantor does not pay any dividend or make any distribution on Ordinary Shares held in the treasury of the Guarantor, will not include Ordinary Shares held in the treasury of the Guarantor. 

  
 76 

 (n) Voluntary Adjustments. 

(i) Incentive Increases. To the extent permitted by applicable law and subject to the applicable rules of The NASDAQ
Global Select Market (or any other securities exchange on which the Guarantor’s securities are then listed), the Issuer is permitted to increase the Exchange Rate by any amount for a period of at least 20 Business Days if the Board of Directors
determines that such increase would be in the Issuer’s best interest. 
 (ii) Tax-Related Increases. The Issuer
may also (but is not required to) increase the Exchange Rate to avoid or diminish income tax to holders of the Ordinary Shares or rights to purchase the Ordinary Shares in connection with a dividend or distribution of Ordinary Shares (or rights to
acquire Ordinary Shares) or similar event. 
 (o) Notices. 

(i) Notice to Holders Prior to Certain Actions and Events. The Issuer shall deliver notices of the events specified
below at the times specified below and containing the information specified below unless, in each case, (i) pursuant to this Indenture, the Issuer is already required to deliver notice of such event containing at least the information specified
below at an earlier time, or, (ii) neither the Issuer nor the Guarantor, at the time notice is required to be delivered, has knowledge of all of the information required to be included in such notice, in which case, the Issuer shall
(A) deliver notice at such time containing only the information that it or the Guarantor has knowledge of at such time (if it or the Guarantor has knowledge of any such information at such time), and (B) promptly upon it or the Guarantor
obtaining knowledge of any such information not already included in a notice delivered by the Issuer, deliver notice to each Holder containing such information. In each case, the failure by the Issuer to give such notice, or any defect therein,
shall not affect the legality or validity of such event. 
 (ii) Issuances, Distributions, and Dividends and
Distributions. If the Guarantor (A) announces any issuance of any rights, options or warrants that would require an adjustment in the Exchange Rate pursuant to Section 7.05(b) hereof; (B) authorizes any distribution that would
require an adjustment in the Exchange Rate pursuant to Section 7.05(c) hereof (including any separation of rights from the Ordinary Shares described in Section 7.05(h) hereof); or (C) announces any dividend or distribution that would
require an adjustment in the Exchange Rate pursuant to Section 7.05(a) or Section 7.05(d) hereof, then the Issuer shall provide written notice to the Holders, Exchange Agent (if other than the Trustee) and the Trustee reasonably promptly
as possible following the applicable Ex-Dividend Date, which notice shall describe such issuance, distribution, dividend or distribution, as the case may be, and state the Ex-Dividend Date and Record Date for such issuance, distribution, dividend or
distribution, as the case may be. 

  
 77 

 (iii) Tender and Exchange Offers. If the Guarantor announces any tender
offer or exchange offer that could require an adjustment in the Exchange Rate pursuant to Section 7.05(e) hereof, the Issuer shall deliver notice thereof to the Holders on or promptly after the day the Guarantor publicly announces such tender
offer or exchange offer. 
 (iv) Voluntary Increases. If the Issuer increases the Exchange Rate pursuant to
Section 7.05(n), the Issuer shall deliver notice to the Holders at least 15 calendar days prior to the date on which such increase will become effective, which notice shall state the date on which such increased will become effective and the
amount by which the Exchange Rate will be increased. 
 (v) Dissolutions, Liquidations and Winding-Ups. If there is a
voluntary or involuntary dissolution, liquidation or winding-up of the Issuer or the Guarantor, the Issuer shall deliver notice to the Holders as promptly as possible, but in any event at least 20 calendar days prior to the earlier of (i) the
date on which such dissolution, liquidation or winding-up, as the case may be, is expected to become effective or occur, and (ii) the date or dates as of which it is expected that holders of Ordinary Shares of record shall be entitled to
exchange their Ordinary Shares for securities or other property deliverable upon such dissolution, liquidation or winding-up, as the case may be, which notice shall state the expected effective date and record date for such event, as applicable, and
the amount and kind of property that a holder of one Ordinary Share is expected to be entitled, or may elect, to receive in such event. The Issuer shall deliver an additional notice to Holders, as promptly as practicable, whenever the expected
effective date or record date, as applicable, or the amount and kind of property that a holder of one Ordinary Share is expected to be entitled to receive in such event, changes. 

(vi) Notices After Certain Actions and Events. Whenever an adjustment to the Exchange Rate becomes effective pursuant to
this Section 7.05, the Issuer will (i) file with the Trustee an Officer’s Certificate stating that such adjustment has become effective, the Exchange Rate, and the manner in which the adjustment was computed and (ii) deliver
notice to the Holders stating that such adjustment has become effective and the Exchange Rate or exchange privilege as adjusted. Failure to give any such notice, or any defect therein, shall not affect the validity of any such adjustment. 

Section 7.06 Adjustments to Exchange Rate upon Exchange In Connection With a Make-Whole Fundamental Change. 

(a) General. If (i) a Make-Whole Fundamental Change occurs on or prior to the Maturity Date or (ii) the Issuer
calls the Notes for redemption pursuant to a Tax Redemption under Section 5.01(a) or a Provisional Redemption under Section 5.01(b) 

  
 78 

 
and a Holder elects to exchange its Notes “in connection with” such Make-Whole Fundamental Change, Tax Redemption or Provisional Redemption, the Issuer will, in the circumstances
described in this Section 7.06, increase the Exchange Rate applicable to the Notes so surrendered for exchange by a number of additional Ordinary Shares (the “Additional Shares”) as set forth in this Section 7.06. For
purposes of this Section 7.06, an exchange of Notes will be deemed for these purposes to be “in connection with” (i) a Make-Whole Fundamental Change if the notice of the exchange of such Notes is received by the Exchange Agent
during the period from, and including, the effective date of such Make-Whole Fundamental Change (the “Make-Whole Fundamental Change Effective Date”) up to, and including, the Close of Business on the second Scheduled Trading Day
immediately prior to the related Fundamental Change Repurchase Date (or, in the case of a Make-Whole Fundamental Change that would have been a Fundamental Change but for the proviso in clause (2) of the definition of Fundamental Change,
the 35th Business Day immediately following the Make-Whole Fundamental Change Effective Date) (such period, the “Make-Whole Fundamental Change Period”); or (ii) a Tax
Redemption or Provisional Redemption if the notice of exchange of such Notes is received by the Exchange Agent from, and including, the applicable Redemption Notice Date up to, and including, the Close of Business on the second Scheduled Trading Day
immediately prior to the related Redemption Date (such period, the “Redemption Period”). 
 (b)
Determination of Additional Shares. The number of Additional Shares, if any, by which the Exchange Rate will be increased will be determined by reference to the table below, based on the Make-Whole Fundamental Change Effective Date or the
Redemption Notice Date, and the price (the “Ordinary Share Price”) paid (or deemed paid) per ordinary share in the Make-Whole Fundamental Change or on the Redemption Notice Date, as described below. If the holders of Ordinary Shares
receive only cash in a Make-Whole Fundamental Change described in clause (2) of the definition of Fundamental Change, the Ordinary Share Price shall be the cash amount paid per Ordinary Share. Otherwise, the Ordinary Share Price shall be the
average of the Last Reported Sale Prices of the Ordinary Shares over the five Trading Day period ending on, and including, the Trading Day immediately preceding the Make-Whole Fundamental Change Effective Date or the Redemption Notice Date. In the
event that an exchange during a Redemption Period would also be deemed to be in connection with a Make-Whole Fundamental Change, a Holder of the Notes to be exchanged will be entitled to a single increase to the Exchange Rate with respect to the
first to occur of the applicable date of the Redemption Notice Date or the Make-Whole Fundamental Change Effective Date, and the later event will be deemed not to have occurred for purposes of this Section 7.06. 

(c) Adjustment of Ordinary Share Prices and Additional Shares. The Ordinary Share Prices set forth in the column
headings of the table below will be adjusted as of any date on which the Exchange Rate of the Notes is otherwise required to be adjusted pursuant to Section 7.05 hereof. The adjusted Ordinary Share Prices in the table below will equal the
Ordinary Share Prices in effect immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the Exchange Rate in effect immediately prior to the adjustment giving rise to the adjustment to the Ordinary Share Price and
the denominator of which is the Exchange Rate in effect immediately after such adjustment. The numbers of Additional Shares set forth in the table below will be adjusted in the same manner and at the same time as the Exchange Rate must be adjusted
as set forth in Section 7.05 hereof. 

  
 79 

 (d) Additional Shares Table. The following table sets forth the
hypothetical Ordinary Share price and the number of Additional Shares to be received per $1,000 principal amount of Notes: 
  

																																																	
	 	  	Ordinary Share Price	 
	 Make-Whole
Fundamental

Change
 Effective Date /

Redemption
 Notice Date
	  	$146.01	 	  	$160.00	 	  	$185.00	 	  	$219.02	 	  	$275.00	 	  	$350.00	 	  	$450.00	 	  	$550.00	 	  	$675.00	 	  	$800.00	 	  	$950.00	 	  	$1,100.00	 
	 August 23, 2017
	  	 	2.2829	 	  	 	1.9585	 	  	 	1.5226	 	  	 	1.1217	 	  	 	0.7272	 	  	 	0.4477	 	  	 	0.2617	 	  	 	0.1650	 	  	 	0.0973	 	  	 	0.0569	 	  	 	0.0257	 	  	 	0.0042	 
	 August 15, 2018
	  	 	2.2829	 	  	 	1.9259	 	  	 	1.4752	 	  	 	1.0659	 	  	 	0.6714	 	  	 	0.4005	 	  	 	0.2273	 	  	 	0.1407	 	  	 	0.0822	 	  	 	0.0482	 	  	 	0.0223	 	  	 	0.0042	 
	 August 15, 2019
	  	 	2.2829	 	  	 	1.8903	 	  	 	1.4214	 	  	 	1.0020	 	  	 	0.6080	 	  	 	0.3481	 	  	 	0.1902	 	  	 	0.1152	 	  	 	0.0665	 	  	 	0.0392	 	  	 	0.0188	 	  	 	0.0042	 
	 August 15, 2020
	  	 	2.2829	 	  	 	1.8489	 	  	 	1.3571	 	  	 	0.9254	 	  	 	0.5334	 	  	 	0.2886	 	  	 	0.1500	 	  	 	0.0886	 	  	 	0.0508	 	  	 	0.0302	 	  	 	0.0151	 	  	 	0.0042	 
	 August 15, 2021
	  	 	2.2829	 	  	 	1.7985	 	  	 	1.2765	 	  	 	0.8294	 	  	 	0.4426	 	  	 	0.2204	 	  	 	0.1074	 	  	 	0.0620	 	  	 	0.0357	 	  	 	0.0216	 	  	 	0.0113	 	  	 	0.0042	 
	 August 15, 2022
	  	 	2.2829	 	  	 	1.7372	 	  	 	1.1701	 	  	 	0.7011	 	  	 	0.3275	 	  	 	0.1429	 	  	 	0.0647	 	  	 	0.0373	 	  	 	0.0221	 	  	 	0.0139	 	  	 	0.0076	 	  	 	0.0032	 
	 August 15, 2023
	  	 	2.2829	 	  	 	1.6714	 	  	 	1.0203	 	  	 	0.5092	 	  	 	0.1756	 	  	 	0.0613	 	  	 	0.0270	 	  	 	0.0166	 	  	 	0.0105	 	  	 	0.0069	 	  	 	0.0039	 	  	 	0.0018	 
	 August 15, 2024
	  	 	2.2829	 	  	 	1.6714	 	  	 	0.8395	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 	  	 	0.0000	 

 (e) Use of Additional Shares Table. The exact Ordinary Share Price, Make-Whole
Fundamental Change Effective Date or Redemption Notice Date may not be set forth in the table above, in which case: 
 (i) if
the Ordinary Share Price is between two Ordinary Share Prices in the table or the Make-Whole Fundamental Change Effective Date or Redemption Notice Date is between two Make-Whole Fundamental Change Effective Dates or two Redemption Notice Dates, as
applicable, in the table, the number of Additional Shares will be determined by a straight-line interpolation between the numbers of Additional Shares set forth in the table for the higher and lower Ordinary Share Prices and the earlier and later
Make-Whole Fundamental Change Effective Dates or Redemption Notice Dates, as applicable, based on a 365-day year; 
 (ii) if
the Ordinary Share Price is greater than $1,100.00 per Ordinary Share (subject to adjustment in the same manner as the Ordinary Share Prices set forth in the column headings of the table above) no Additional Shares will be added to the Exchange
Rate; and 
 (iii) if the Ordinary Share Price is less than $146.01 per Ordinary Share (subject to adjustment in the same
manner as the Ordinary Share Prices set forth in the column headings of the table above) no Additional Shares will be added to the Exchange Rate. 

  
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 Notwithstanding the foregoing, in no event will the Exchange Rate, as increased pursuant to this
Section 7.06 by the number of Additional Shares, exceed 6.8488 Ordinary Shares per $1,000 principal amount of Notes, subject to adjustments in the same manner as the Exchange Rate is required to be adjusted as set forth in Section 7.05
hereof. 
 (f) Settlement of Exchanges “In Connection With” a Make-Whole Fundamental Change, Tax Redemption or
Provisional Redemption. If a Holder exchanges a Note “in connection with” a Make-Whole Fundamental Change or during a Redemption Period, the Issuer shall settle the exchange in accordance with Section 7.03 hereof (after giving
effect to any increase in the Exchange Rate required by this Section 7.06); provided, however, that if the consideration for the Ordinary Shares in any Make-Whole Fundamental Change described in clause (2) of the definition of
Fundamental Change is composed entirely of cash, for any exchange of Notes following the Make-Whole Fundamental Change Effective Date, the Exchange Obligation will be calculated based solely on the Ordinary Share Price for the transaction and will
be deemed to be an amount of cash per $1,000 principal amount of exchanged Notes equal to the applicable Exchange Rate (including any adjustment as described in this Section 7.06), multiplied by such Ordinary Share Price. In such event, the
Exchange Obligation will be determined and paid to Holders in cash on the second Business Day following the Exchange Date. The Issuer shall notify Holders and the Trustee in writing of the Make-Whole Fundamental Change Effective Date and issue a
press release announcing such Make-Whole Fundamental Change Effective Date no later than five Business Days after such Make-Whole Fundamental Change Effective Date. 

Section 7.07 Effect of Recapitalization, Reclassification, Consolidation, Merger or Sale. 

(a) In General. In the case of: 

(i) any recapitalization, reclassification or change of the Ordinary Shares (other than (x) changes resulting from a
subdivision or consolidation of the Ordinary Shares, (y) change in par value or (z) share subdivisions and share consolidations that do not involve the issuance of any other series or class of securities); 

(ii) any consolidation, merger, scheme of arrangement or offer or combination involving the Guarantor; 

(iii) any sale, lease or other transfer to a third party of the consolidated assets of the Guarantor and its Subsidiaries
substantially as an entirety; or 
 (iv) any statutory share exchange; 

and, in each case, as a result of such event, the Ordinary Shares would be exchanged into, or exchanged for, stock, other securities, other
property or assets (including cash or any combination thereof) (each such event, a “Merger Event”), then at and after the effective time of such Merger Event, the right to exchange each $1,000 principal amount of Notes based on a
number of Ordinary Shares equal to the applicable Exchange Rate will be 

  
 81 

 
changed into a right to exchange such principal amount of Notes based on the kind and amount of shares of stock, other securities or other property or assets (including cash or any combination
thereof) that a holder of a number of Ordinary Shares equal to the Exchange Rate immediately prior to such transaction would have owned or been entitled to receive (without giving effect to any dissenters’ rights) (the “Reference
Property,” and the amount and kind of Reference Property that a holder of one Ordinary Share would have received in such transaction, a “Unit of Reference Property”) in such Merger Event; provided, however,
that at and after the effective time of the transaction, (i) the Issuer shall continue to have the right to determine the form of consideration to be paid or delivered, as the case may be, upon exchange of the Notes, as set forth under
Section 7.03, and (ii)(x) any amount payable in cash upon exchange of the notes as set forth under Section 7.03 will continue to be payable in cash, (y) any Ordinary Shares that the Issuer would have been required to cause to be
delivered upon exchange of the Notes as set forth under Section 7.03 will instead be deliverable in Units of Reference Property and (z) the Daily VWAP will be calculated based on the value of a Unit of Reference Property. 

If the transaction causes the Ordinary Shares to be exchanged into, or exchanged for, the right to receive more than a single
type of consideration (determined based in part upon any form of shareholder election), the composition of a Unit of Reference Property will be deemed to be (i) the weighted average per Ordinary Share of the types and amounts of consideration
received by the holders of Ordinary Shares that affirmatively make such an election or (ii) if no shareholders affirmatively make such election, the types and amounts of consideration actually received by shareholders. If the shareholders
receive only cash in such transaction, then for all exchanges that occur after the effective date of such transaction (i) the Exchange Consideration of each $1,000 principal amount of Notes shall be solely cash in an amount equal to the
exchange rate in effect on the Exchange Date (as may be increased as described under Section 7.06), multiplied by the price paid per Ordinary Share in such transaction and (ii) the Issuer shall satisfy its Exchange Obligation by paying
cash to exchanging Holders on the third Business Day immediately following the Exchange Date. The Issuer will notify Holders and the Trustee in writing of the weighted average, if applicable, as soon as practicable after such determination is made.

 (b) In connection with such Merger Event, the Issuer, the Guarantor or the successor or purchasing Person, as the case may
be, shall execute with the Trustee, without the consent of the Holders, a supplemental indenture permitted under Section 14.01(g) providing for such change in the right to convert each $1,000 principal amount of Notes. If, for any Merger Event,
the Reference Property includes ordinary shares or other shares of common equity, the supplemental indenture shall provide for anti-dilution and other adjustments that are as nearly equivalent as possible to the adjustments described under this
Article 7. If, for any Merger Event, the Reference Property includes ordinary shares or shares of common equity, securities or other property or assets (other than cash and/or cash equivalents) of a Person other than the Guarantor, the Issuer or the
successor or purchasing corporation, as the case may be, in such Merger Event, then such supplemental indenture shall also be executed by such other Person, if an Affiliate of the Guarantor, and shall contain such additional provisions to protect
the interests of the Holders, including the right of holders to require the Issuer to purchase their Notes upon a Fundamental Change, as the Issuer reasonably considers necessary by reason of the foregoing. 

  
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 (c) If the Issuer, the Guarantor or any successor or purchasing Person or other
Person executes a supplemental indenture pursuant to Section 7.07(b) hereof, then the Issuer or such successor or purchasing Person or other Person, as applicable, shall promptly file with the Trustee an Officer’s Certificate briefly
stating the reasons therefore, the kind or amount of cash, securities or property or assets that will comprise a Unit of Reference Property after the applicable Merger Event, any adjustment to be made with respect thereto and that all relevant
conditions precedent have been complied with, and shall promptly deliver notice thereof to all Holders. If, at the time such a supplemental indenture is executed, the Issuer cannot calculate the composition of a Unit of Reference Property because it
is subject to a shareholder election, the Issuer may deliver notice of the kind or amount of cash, securities or property or assets that will comprise a Unit of Reference Property after the Merger Event as promptly as practicable after it is able to
make such calculation. Failure to deliver such notice shall not affect the legality or validity of such supplemental indenture. 

(d) Neither the Issuer nor the Guarantor shall become a party to any Merger Event unless its terms are consistent with the
foregoing. None of the foregoing provisions shall affect the right of a Holder to exchange its Notes into cash, Ordinary Shares or a combination of cash and Ordinary Shares, as applicable, as set forth in Sections 7.01, 7.02 and 7.03 prior to the
effective date of such Merger Event. 
 (e) The above provisions of this Section 7.07 shall similarly apply to
successive Merger Events. 
 (f) Upon the consummation of any Merger Event, references to “Ordinary Shares” shall
be deemed to refer to any Reference Property that constitutes share capital after giving effect to such Merger Event. 
 Section 7.08
No Responsibility of Trustee. The Trustee and the Exchange Agent will not have any duty or responsibility to any Holder to determine whether any facts exist that require an adjustment of the Exchange Rate, or with respect to the nature or
extent or calculation of any such adjustment when made, or with respect to the method employed in making the same. Neither the Trustee nor the Exchange Agent will be responsible for any failure of the Issuer or the Guarantor, as applicable, to
deliver any amount of cash and/or number of Ordinary Shares, as applicable, upon the surrender of any Notes for the purpose of exchange or to comply with any of the duties, responsibilities or covenants of the Issuer contained in this Article 7.
Without limiting the generality of the foregoing, neither the Trustee nor the Exchange Agent will be under any responsibility to determine the correctness of any provisions contained in any supplemental indenture entered into pursuant to
Section 7.07 hereof, including with respect to the calculation of the amount of cash, the number of Units of Reference Property or the combination of cash and Units of Reference Property receivable by Holders upon the exchange of their Notes
after any Merger Event, and each, subject to the provisions of Article 11 in the case of the Trustee, may accept as conclusive evidence of the correctness of any such provisions, and will be protected in relying upon, the Officer’s Certificate
(which the Issuer or the Guarantor, as applicable, will be obligated to file with the Trustee prior to the execution of any such supplemental indenture) with respect thereto. 

  
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 ARTICLE 8 

PURCHASE AT OPTION OF HOLDERS UPON A FUNDAMENTAL CHANGE 

Section 8.01 Fundamental Change Permits Holders to Require the Issuer to Repurchase the Notes. 

(a) General. If a Fundamental Change occurs at any time prior to the Maturity Date, then each Holder will have the
right, at such Holder’s option, to require the Issuer to repurchase for cash, at the Fundamental Change Repurchase Price, (i) all of such Holder’s Notes or (ii) any portion of such Holder’s Notes, which must be a principal
amount such that the principal amount of the Notes not so repurchased equals $200,000 or an integral multiple of $1,000 in excess thereof. 

(b) Fundamental Change Repurchase Price. The “Fundamental Change Repurchase Price” means, for any Notes
to be repurchased on a Fundamental Change Repurchase Date, a price equal to 100% of the principal amount of such Notes to be repurchased, plus accrued and unpaid interest to, but excluding, such Fundamental Change Repurchase Date; provided,
however, that if a Fundamental Change Repurchase Date occurs after a Regular Record Date, but on or prior to the Interest Payment Date corresponding to such Regular Record Date, the Issuer will instead pay the full amount of accrued and unpaid
interest to the Holder of record on such Regular Record Date and the Fundamental Change Repurchase Price will be equal to 100% of the principal amount of the Notes to be repurchased. Any notes repurchased by the Issuer in connection with a
Fundamental Change will be paid for in cash. 
 (c) Fundamental Change Repurchase Date. The “Fundamental
Change Repurchase Date” means, for any Fundamental Change, the date specified by the Issuer in the Fundamental Change Notice for such Fundamental Change, which date will be not less than 20 or more than 35 Business Days, following the
Fundamental Change Notice Date for such Fundamental Change. 
 Section 8.02 Fundamental Change Notice. 

(a) General. On or before the 20th calendar day after the occurrence of a Fundamental Change, the Issuer will deliver to
each Holder, the Trustee and the Paying Agent (if other than the Trustee) a notice of the occurrence of such Fundamental Change and of the resulting repurchase right (the “Fundamental Change Notice,” and the date of such delivery,
the “Fundamental Change Notice Date”). 
 For any Fundamental Change, the Fundamental Change Notice shall state: 

(i) the events causing such Fundamental Change and whether such transaction is also a Make-Whole Fundamental Change; 

  
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 (ii) the effective date of such Fundamental Change; 

(iii) the last date on which a Holder may exercise its right to require the Issuer to repurchase its Notes as a result of such
Fundamental Change under this Article 8; 
 (iv) the Fundamental Change Repurchase Price for each $1,000 principal amount of
Notes for such Fundamental Change; 
 (v) the Fundamental Change Repurchase Date for such Fundamental Change; 

(vi) the name and address of the Paying Agent and the Exchange Agent; 

(vii) if applicable, the applicable Exchange Rate and any adjustments to the applicable Exchange Rate; 

(viii) if applicable, that the Notes with respect to which a Fundamental Change Repurchase Notice has been delivered by a
Holder may be exchanged only if such Holder withdraws such Fundamental Change Repurchase Notice in accordance with the terms of this Indenture or to the extent that a portion of such Notes is not subject to such Fundamental Change Repurchase Notice;
and 
 (ix) the procedures that a Holder must follow to require the Issuer to repurchase a Note. 

Simultaneously with delivering any Fundamental Change Notice, the Issuer will publish a notice containing this information on
the Guarantor’s website or through such other public medium as we may use at that time. 
 (b) Failure or Defect.
Notwithstanding anything to the contrary contained elsewhere in this Indenture, neither the failure of the Issuer to deliver a Fundamental Change Notice nor a defect in a Fundamental Change Notice delivered by the Issuer will limit the repurchase
rights of any Holder under this Article 8 or impair or otherwise affect the validity of any proceedings relating to the repurchase of any Note pursuant to this Article 8. 

Section 8.03 Fundamental Change Repurchase Notice. 

(a) General. To exercise its repurchase rights under Section 8.01(a) hereof with respect to any Fundamental Change,
a Holder must deliver to the Paying Agent, on or before the second Scheduled Trading Day immediately preceding the Fundamental Change Repurchase Date: 

(i) a duly completed “Form of Fundamental Change Repurchase Notice” in the form of Attachment 2 of the Notes that
such Holder is tendering for repurchase (a “Fundamental Change Repurchase Notice”); and 

  
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 (ii) the Notes that such Holder is tendering for repurchase, (A) by
book-entry transfer if such Notes are Global Notes, or (B) by physical delivery, if such Notes are Physical Notes, in each case, together with any endorsements or other documents reasonably requested by the Paying Agent. 

(b) Contents of Fundamental Change Repurchase Notice. The Fundamental Change Repurchase Notice for any Note must state:

 (i) if such Note is to be repurchased in part, the portion of the principal amount of such Note to be repurchased, which
must be a principal amount such that the principal amount of the Notes not so repurchased equals $200,000 or an integral multiple of $1,000 in excess thereof; 

(ii) that such Note will be repurchased by the Issuer pursuant to the applicable provisions of this Article 8; and 

(iii) if such Note to be repurchased is a Physical Note, the certificate number of such Note. 

If the Notes to be repurchased are Global Notes, the Fundamental Change Notice for such Notes must comply with the Applicable Procedures. 

(c) Notices to Issuer. If any Holder validly delivers to the Paying Agent a Fundamental Change Repurchase Notice with
respect to any Note or any portion of a Note, the Paying Agent (if other than the Issuer) will promptly deliver to the Issuer a copy of such Fundamental Change Repurchase Notice. 

(d) Effect of Improper Notice. Unless and until the Paying Agent receives a validly endorsed and delivered Fundamental
Change Repurchase Notice with respect to a Note, together with such Note, in a form that conforms with the description contained in such Fundamental Change Repurchase Notice, the Holder submitting the Notes will not be entitled to receive the
Fundamental Change Repurchase Price for such Note. 
 Section 8.04 Withdrawal of Fundamental Change Repurchase Notice.

 (a) General. If a Holder delivers a Fundamental Change Repurchase Notice with respect to any Note, such Holder
may withdraw such Fundamental Change Repurchase Notice (in whole or in part) by delivering to the Paying Agent a written notice of withdrawal prior to the Close of Business on the second Scheduled Trading Day immediately preceding the Fundamental
Change Repurchase Date. Any such withdrawal notice must state: 
 (i) the principal amount of the Notes to be withdrawn,
which must be such that the principal amount not to be repurchased equals $200,000 or an integral multiple of $1,000 in excess thereof; 

(ii) the principal amount of the Notes, if any, that remains subject to the original Fundamental Change Repurchase Notice; and

  
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 (iii) if the Notes with respect to which such Fundamental Change Repurchase
Notice pertained were Physical Notes, the certificate numbers of the Notes to be withdrawn and the Notes that will remain subject to the Fundamental Change Repurchase Notice, if any. 

If the Notes to be withdrawn are Global Notes, a Holder must deliver its notice of withdrawal in compliance with the Applicable Procedures.

 (b) Return of Note. Upon receipt of a validly delivered withdrawal notice, the Paying Agent will promptly
(i) if such notice pertains to a Physical Note or a portion of a Physical Note, return such Note or portion of a Note to such Holder, in the amount specified in such withdrawal notice; and, (ii) if such notice pertains to a beneficial
interest in a Global Note, in compliance with the Applicable Procedures, deem to be cancelled any instructions for book-entry transfer of such beneficial interest, in the amount specified in such withdrawal notice. 

(c) Notice to Issuer. If any Holder validly delivers to the Paying Agent a notice of withdrawal with respect to a Note
or any portion of a Note, the Paying Agent (if other than the Issuer) will promptly deliver to the Issuer a copy of such notice of withdrawal. 

Section 8.05 Effect of Fundamental Change Repurchase Notice. 

(a) General. If a Holder validly delivers to the Paying Agent a Fundamental Change Repurchase Notice with respect to any
Note or any portion of any Note, such Holder may no longer exchange such Note or portion of a Note, as the case may be, unless and until such Holder validly withdraws such Fundamental Change Repurchase Notice. 

(b) Timing of Payment. Upon the Paying Agent’s receipt of (i) a valid Fundamental Change Repurchase Notice and
(ii) the Notes to which such Fundamental Change Repurchase Notice pertains, the Holder of the Notes to which such Fundamental Change Repurchase Notice, as applicable, pertains will be entitled, except to the extent such Holder has validly
withdrawn such Fundamental Change Repurchase Notice, to receive the Fundamental Change Repurchase Price with respect to such Notes on the later of (i) the Fundamental Change Repurchase Date and (ii)(A) if such Notes are Physical Notes, the date
of delivery of such Notes to the Paying Agent, or (B) if such Notes are Global Notes, the date of book-entry transfer of such Notes to the Paying Agent, or, if such later date is not a Business Day, the Business Day immediately following such
later date. 
 (c) Effect of Deposit. If, by 11:00 a.m., New York City time, on the Fundamental Change Repurchase Date
for any Fundamental Change, the Paying Agent holds money sufficient to pay the Fundamental Change Repurchase Price for every Note subject to a Fundamental Change Repurchase Notice, validly delivered in accordance with Section 8.03 hereof and
not validly withdrawn in accordance with Section 8.04 hereof, then, at the Close of Business on the Fundamental Change Repurchase Date: 

  
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 (i) the Notes tendered for repurchase and not withdrawn will cease to be
outstanding and interest will cease to accrue on such Notes (whether or not book-entry transfer of such Notes is made or whether or not such Notes are delivered to the Paying Agent); and 

(ii) all other rights of the Holders with respect to the Notes tendered for repurchase and not withdrawn will terminate (other
than the right to receive the Fundamental Change Repurchase Price, as applicable, and previously accrued and unpaid interest, upon delivery or transfer of the Notes). 

Section 8.06 Notes Repurchased in Whole or in Part. If any Physical Note is to be repurchased only in part, the Holder must
surrender such Note at the office of the Paying Agent (with, if the Issuer or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer and the Trustee duly executed by, the Holder of such
Note or such Holder’s attorney-in-fact duly authorized in writing), whereupon the Issuer will execute, in accordance with Section 3.03, and the Trustee will authenticate, in accordance with Section 3.03, and deliver to the
surrendering Holder, without a service charge, a new Note or Notes of any authorized denomination or denominations requested by such Holder in aggregate principal amount equal to the portion of the principal amount of the Note so surrendered which
is not repurchased. If any Global Note is repurchased in part, the Issuer will instruct the Registrar, in accordance with the Applicable Procedures, to decrease the principal amount of such Global Note by the principal amount repurchased. Any Notes
that are repurchased or owned by the Issuer, whether or not in connection with a Fundamental Change will be submitted to the Trustee for cancellation and will be duly retired by the Issuer. 

Section 8.07 Covenant to Comply with Securities Laws upon Repurchase of Notes. In connection with any repurchase offer pursuant to
a Fundamental Change Repurchase Notice under this Article 8, the Issuer will, if required, (i) comply with Rule 13e-4 and any other tender offer rules under the Exchange Act that may be applicable at the time of the offer to repurchase the
Notes, (ii) file the related Schedule TO (or any successor schedule, form or report) or any other required schedule under the Exchange Act, and (iii) otherwise comply with any applicable United States federal and state securities laws
applicable to it in connection with such repurchase offer. 
 Section 8.08 Deposit Fundamental Change Repurchase Price. By 11:00
a.m., New York City time, on the Fundamental Change Repurchase Date, the Issuer will deposit with the Trustee or with the Paying Agent (or, if the Issuer or a Subsidiary or an Affiliate of either of them is acting as the Paying Agent, will segregate
and hold in trust as provided in Section 11.06) an amount of immediately available funds sufficient to pay the Fundamental Change Repurchase Price of all the Notes or portions thereof that the Issuer is required to repurchase on such
Fundamental Change Repurchase Date. 
 Section 8.09 Covenant Not to Repurchase Notes upon Certain Events of Default. 

(a) General. Notwithstanding anything to the contrary in this Article 8, no Notes may be repurchased at the option of
Holders upon a Fundamental Change if the principal amount of the Notes has been accelerated, and such acceleration has not been rescinded, on or prior to such date (except in the case of an acceleration resulting from a default by the Issuer that
would be cured by the Issuer’s payment of the Fundamental Change Repurchase Price, as applicable, with respect to such Notes). 

  
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 (b) Deemed Withdrawals. If, on any Fundamental Change Repurchase Date,
(i) a Fundamental Change Repurchase Notice for a Note has been validly tendered in accordance with Section 8.03 hereof and has not been validly withdrawn in accordance with Section 8.03 hereof, and (ii) pursuant to this
Section 8.09, the Issuer is not permitted to purchase Notes, the Paying Agent will deem such Fundamental Change Repurchase Notice withdrawn. 

(c) Return of Notes. If a Holder tenders a Note for purchase pursuant to this Article 8 and, on the Fundamental Change
Repurchase Date, pursuant to this Section 8.09, the Issuer is not permitted to purchase such Note, the Paying Agent will (i) if such Note is a Physical Note, return such Note to such Holder, and (ii) if such Note is held in book-entry
form, in compliance with the Applicable Procedures, deem to be cancelled any instructions for book-entry transfer of such Note. 

Section 8.10 Repurchase by Third Party. Notwithstanding anything to the contrary in this Article 8, the Issuer will not be
required to make an offer to repurchase the Notes upon a Fundamental Change if a third party makes the offer in the manner, at the times, and otherwise in compliance with the requirements set forth in this Article 8 applicable to an offer by the
Issuer to repurchase the Notes upon a Fundamental Change and such third party purchases all Notes validly tendered and not withdrawn upon such offer in the manner and otherwise in compliance with such requirements. 

ARTICLE 9 
 EVENTS OF DEFAULT;
REMEDIES 
 Section 9.01 Events of Default. 

(a) General. Each of the following is an “Event of Default” with respect to the Notes: 

(i) the Issuer shall fail to pay or cause to be paid an installment of interest, if any, on any of the Notes, which failure
continues for 30 days after the date when due; 
 (ii) the Issuer shall fail to pay or cause to be paid the principal of any
Note (including the Fundamental Change Repurchase Price and Redemption Price, if applicable) when the same becomes due and payable at its stated maturity, upon redemption, upon required repurchase, upon declaration of acceleration or otherwise; 

(iii) the Issuer or the Guarantor, as applicable, shall fail to pay or deliver when due any part of the Exchange Obligation
with respect to any Note in accordance with Article 7 hereof and such failure continues for five Business Days; 

  
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 (iv) the Issuer shall fail to comply with its notice obligations under Article 8,
Section 7.01(c) or Section 7.06 of this Indenture; 
 (v) the Issuer or the Guarantor shall fail to comply with its
respective obligations under Article 10 of this Indenture; 
 (vi) the Issuer shall fail to perform or observe (or obtain a
waiver with respect to) any term, covenant or agreement contained in the Notes or this Indenture and not otherwise explicitly provided for in this Section 9.01(a) for a period of 60 days after receipt by the Issuer of notice of such failure
from the Trustee or by the Issuer and the Trustee from the Holders of at least 25% of the aggregate principal amount of then outstanding Notes; 

(vii) the Issuer, the Guarantor or any of the Guarantor’s other Subsidiaries shall be in default with respect to any
mortgage, agreement or other instrument under which there may be outstanding, or by which there may be secured or evidenced, any indebtedness for money borrowed in excess of $50,000,000 (or its foreign currency equivalent at the time) in the
aggregate of the Issuer, the Guarantor and/or any of its other Subsidiaries at any one time outstanding, whether such indebtedness exists as of the date hereof or shall thereafter be created (x) resulting in such indebtedness becoming or being
declared due and payable or (y) constituting a failure to pay the principal or interest of any such indebtedness when due and payable at its stated maturity, upon redemption, upon required repurchase, upon declaration of acceleration or
otherwise, and such acceleration shall not have been rescinded or annulled or such failure to pay shall have been cured within 60 calendar days after written notice has been received by the Issuer, the Guarantor or such other Subsidiary from the
Trustee or Holders of at least 25% in aggregate principal amount of the outstanding Notes; 
 (viii) the Issuer, the
Guarantor or any of the Guarantor’s Subsidiaries that are Significant Subsidiaries, pursuant to or within the meaning of the Bankruptcy Law: 

(A) commences as a debtor a voluntary case or proceeding to be adjudicated bankrupt or insolvent; 

(B) consents to the entry of an order for relief against it in an involuntary case or proceeding or the commencement of any
case against it; 
 (C) consents to the appointment of a receiver or examiner of it or for all or substantially all of its
property; 
 (D) makes a general assignment for the benefit of its creditors; 

(E) files a petition in bankruptcy or answer or consent seeking reorganization or relief; 

  
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 (F) consents to the filing of such a petition or the appointment of an examiner
or the appointment or taking possession by a receiver; or 
 (G) a court of competent jurisdiction enters an order or decree
under any Bankruptcy Law that: 
 (1) grants relief against the Issuer, the Guarantor or any of their respective
subsidiaries in an involuntary case or proceeding or adjudicates the Issuer, the Guarantor or any of their respective Subsidiaries insolvent or bankrupt; 

(2) appoints a receiver or an examiner of the Issuer, the Guarantor or any of their respective Subsidiaries for all or
substantially all of the property of the Issuer, the Guarantor or any of their respective Subsidiaries; or 
 (3) orders the
winding up or liquidation of the Issuer, the Guarantor or any of their respective Subsidiaries; 
 and, in each case, the order or decree
remains unstayed and in effect for 90 consecutive days; or 
 (ix) The Guarantee ceases to be in full force and effect
(except as contemplated by the terms of this Indenture) or is declared null and void in a judicial proceeding or the Guarantor denies or disaffirms its obligations under this Indenture or the Guarantee. 

Section 9.02 Acceleration. 

(a) Acceleration. If any other Event of Default occurs and is continuing (other than an Event of Default specified in
Section 9.01(a)(viii) hereof with respect to the Issuer or the Guarantor), the Trustee by notice to the Issuer, or the Holders of at least 25% in aggregate principal amount of then outstanding Notes by written notice to the Issuer and the
Trustee, may, and the Trustee at the written request of such Holders shall, declare 100% of the principal amount of and accrued and unpaid interest on all the outstanding Notes to be due and payable. If an Event of Default specified in Sections
9.01(a)(viii) hereof occurs with respect to the Issuer or the Guarantor, the principal amount of and accrued and unpaid interest on all of the then outstanding Notes will immediately become due and payable without any further action or notice by any
party. Upon such a declaration of acceleration, such principal and accrued and unpaid interest will be due and payable immediately. 

(b) Rescission of Events of Default and/or Acceleration. Notwithstanding anything to the contrary in this Indenture, the
Holders of a majority in principal amount of then outstanding Notes may waive all past Defaults and Events of Default (except with respect to nonpayment of principal (including the Fundamental Change Repurchase Price and Redemption Price) or
interest or with respect to the Issuer’s failure to deliver the Exchange Obligation as required under Article 7 hereof) and rescind and annul any such 

  
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acceleration with respect to the Notes and its consequences hereunder by delivering notice to the Trustee if (i) rescission would not conflict with any judgment or decree of a court of
competent jurisdiction, (ii) all existing Events of Default, other than the nonpayment of the principal of (including the Fundamental Change Repurchase Price and Redemption Price, if applicable) and interest on the Notes that have become due
solely by such declaration of acceleration, have been cured or waived and (iii) all payments due under this Indenture to the Trustee have been made. 

Section 9.03 Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to
collect the payment of the principal of, accrued and unpaid interest on, the Redemption Price for or the Fundamental Change Repurchase Price for, the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Notes or produce any of the Notes in the proceeding. A delay or
omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default will not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other
remedy. All available remedies are cumulative, except as otherwise provided in this Indenture. 
 Section 9.04 Sole Remedy for
Failure to Report. 
 (a) General. Notwithstanding anything to the contrary in the Notes or in this
Indenture, to the extent the Issuer elects, the sole remedy for an Event of Default relating to (i) the Issuer’s failure to file with the Trustee pursuant to Section 314(a)(1) of the Trust Indenture Act any documents or reports that
the Guarantor is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act (to the extent such section of the Trust Indenture Act is applicable to this Indenture) or (ii) the Guarantor’s failure to
comply with its reporting obligations as set forth under Section 4.07 (any such Event of Default, a “Reporting Default”), will, for the first 360 days after the occurrence of such Reporting Default, consist exclusively of the
right to receive Additional Interest at a rate equal to (x) 0.25% per annum of the principal amount of then outstanding Notes for each day during the first 180 days after the occurrence of such Reporting Default during which such Reporting
Default is continuing and (y) 0.50% per annum on the principal amount of then outstanding Notes from the 181st day until the 360th day following the occurrence of such Reporting Default during which Reporting Default is continuing. 

(b) Issuer Election. In order to elect to pay the Additional Interest as the sole remedy during the first 360 days after
the occurrence of a Reporting Default in accordance with Section 9.04(a) hereof, the Issuer must notify all Holders, the Trustee and the Paying Agent (if other than the Trustee) in writing of such election prior to the beginning of such 360-day
period. Any Additional Interest payable pursuant to this Section 9.04 will be payable in arrears on each Interest Payment Date following accrual in the same manner as ordinary interest is payable and will be separate and distinct from, and in
addition to, any Additional Interest that may accrue pursuant to Section 4.06. 

  
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 (c) Limitation on Remedy. 

(i) On the 361st day after the occurrence of such Reporting Default (if such Reporting Default is not cured or waived prior to
such 361st day), the Notes will immediately be subject to acceleration in accordance with Section 9.02 hereof. 
 (ii)
In addition, if a Reporting Default occurs and the Issuer fails to timely elect to pay Additional Interest pursuant to Section 9.04(b) hereof (or the Issuer elects to pays such Additional Interest but does not pay the Additional Interest when
due), the Notes will immediately be subject to acceleration pursuant to Section 9.02 hereof on account of such Reporting Default. 

(iii) Notwithstanding anything to the contrary herein, if the Issuer elects to pay the Additional Interest with respect to any
Reporting Default, the Issuer’s election will not affect the rights of any Holder with respect to any other Event of Default. 

(iv) In no event shall Additional Interest payable pursuant to this Section 9.04 accrue, together with any Additional
Interest payable pursuant to Section 4.06, at a rate per year in excess of 0.50% per annum, regardless of the number of events or circumstances giving rise to requirements to pay such Additional Interest pursuant to this Section 9.04
or Section 4.06. With regard to any Event of Default relating to the Issuer’s failure to comply with its obligations as set forth under Section 4.07, no Additional Interest shall accrue after such Event of Default has been cured. 

Section 9.05 [Reserved]. 

Section 9.06 Control By Majority. At any time, the Holders of a majority of the aggregate principal amount of the then outstanding
Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or for exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction that conflicts
with law or this Indenture or, subject to the Trustee’s duties under Article 11 and the Trust Indenture Act, that the Trustee determines to be unduly prejudicial to the rights of a Holder or to the Trustee, or that would potentially involve the
Trustee in personal liability unless the Trustee is offered indemnity or security satisfactory to it against any loss, liability or expense to the Trustee that may result from the Trustee’s instituting such proceeding as the Trustee. Prior to
taking any action hereunder, the Trustee will be entitled to indemnification satisfactory to it against all losses and expenses caused by taking or not taking such action. 

Section 9.07 Limitation on Suits. Subject to Article 10 hereof, if an Event of Default occurs and is continuing, the Trustee will
be under no obligation to exercise any of the rights or powers under this Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee indemnity or security satisfactory to it against any loss,
liability or expense. Except to enforce the right to receive payment of principal (including the payment of the Fundamental Change Repurchase Price and Redemption Price, if applicable), Additional 

  
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Amounts or interest when due, or the right to receive payment or delivery of the Exchange Consideration, no Holder may pursue any remedy with respect to the Indenture or the Notes unless: 

(a) such Holder has previously given the Trustee written notice that an Event of Default has occurred and is continuing; 

(b) Holders of at least 25% of the aggregate principal amount of the then outstanding Notes deliver to the Trustee a written
request that the Trustee pursue a remedy with respect to such Event of Default; 
 (c) such Holder or Holders have offered
and, if requested, provided to the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or other expense of compliance with such written request; 

(d) the Trustee has not complied with such written request within 60 days after receipt of such written request and offer of
security or indemnity; and 
 (e) during such 60-day period, the Holders of a majority of the aggregate principal amount of
the then outstanding Notes did not deliver to the Trustee a direction inconsistent with such written request. 
 A Holder may not use this
Indenture to prejudice the rights of any other Holder or to obtain a preference or priority over any other Holder, it being understood that the Trustee does not have any affirmative duty to ascertain whether any usage of this Indenture by a Holder
is unduly prejudicial to such other Holders. 
 Section 9.08 Rights of Holders to Receive Payment and to Exchange.
Notwithstanding anything to the contrary elsewhere in this Indenture, the right of any Holder to receive payment of the principal of, Redemption Price for, Fundamental Change Repurchase Price for, Additional Amounts with respect to, and accrued and
unpaid interest on, its Notes, on or after the respective due date, and to exchange its Notes and receive the Exchange Obligation due with respect to such Notes in accordance with Article 7 hereof, or to bring suit for the enforcement of any such
payment or exchange rights, will not be impaired or affected without the consent of such Holder and will not be subject to the requirements of Section 9.07 hereof. 

Section 9.09 Collection Suit by Trustee. If an Event of Default specified in Section 9.01(a)(i), 9.01(a)(ii) or 9.01(a)(iii)
hereof occurs and is continuing or an acceleration pursuant to Section 9.02 occurs and has not been waived or rescinded, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Issuer for the
whole amount of principal of, interest on, Fundamental Change Repurchase Price for, Redemption Price for, Additional Amounts with respect to, and Exchange Obligation with respect to, the Notes, as the case may be, and to the extent lawful, any
default interest on such principal, interest, Fundamental Change Repurchase Price, Redemption Price and Additional Amounts, and such further amount as is sufficient to cover the costs and expenses of collection, including the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, as well as any other amounts that may be due under Section 11.07. 

  
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 Section 9.10 Trustee May Enforce Claims Without Possession of Notes. All rights of
action and claims under this Indenture or the Notes may be prosecuted and enforced by the Trustee without the possession of any of the Notes or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the
Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel,
be for the ratable benefit of the Holders in respect of which such judgment has been recovered. 
 Section 9.11 Trustee May File
Proofs of Claim. The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Issuer
or the Guarantor, their respective creditors or its property and, unless prohibited by law or applicable regulations, will be entitled to collect, receive and distribute any money or other property payable or deliverable on any such claims, and any
Custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and, in the event that the Trustee consents to the making of such payments directly to the Holders, to pay to the Trustee any amount
due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 11.07. To the extent that the payment of any such compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 11.07 out of the estate in any such proceeding, will be denied for any reason, payment of the same will be secured
by a lien on, and is paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding, whether in liquidation or under any plan of reorganization or arrangement
or otherwise. Nothing herein contained will be deemed to authorize the Trustee to authorize or consent to, or to accept or to adopt on behalf of any Holder, any plan of reorganization, arrangement, adjustment or composition affecting the Notes or
the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 9.12 Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any right
or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding,
the Issuer, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted. 
 Section 9.13 Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Notes in Section 3.08, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy
shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or
otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

  
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 Section 9.14 Delay or Omission Not a Waiver. No delay or omission of the Trustee or
of any Holder to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article 9 or
by law to the Trustee or to the Holders may be exercised from time to time and as often as may be deemed expedient by the Trustee (subject to the limitations contained in this Indenture) or by the Holders, as the case may be. 

Section 9.15 Priorities. If the Trustee collects any money pursuant to this Article 9, it will pay out the money in the following
order: 
 FIRST: to the Trustee, its agents and attorneys for amounts due under this Indenture, including payment of all compensation,
expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 
 SECOND: to the
Holders, for any amounts due and unpaid on the principal of, Redemption Price for, Fundamental Change Repurchase Price for, Additional Amounts with respect to, accrued and unpaid interest on, and cash portion of the Exchange Obligation with respect
to, any Note, without preference or priority of any kind, according to such amounts due and payable on all of the Notes; and 
 THIRD: the
balance, if any, to the Issuer or to such other party as a court of competent jurisdiction directs. 
 The Trustee may fix a record date and
payment date for any payment to the Holders pursuant to this Section 9.15. If the Trustee so fixes a record date and a payment date, at least 15 days prior to such record date, the Issuer will deliver to each Holder and the Trustee a written
notice, which notice will state such record date, such payment date and the amount of such payment. 
 Section 9.16 Undertaking for
Costs. All parties to this Indenture agree, and each Holder of a Note, by such Holder’s acceptance thereof, shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy
under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion
assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; provided, however,
that the provisions of this Section 9.16 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in aggregate principal amount of the Notes then
outstanding, or to any suit instituted by any Holder for the enforcement of the payment of the principal of, the Redemption Price, Fundamental Change Repurchase Price with respect to, Additional Amounts with respect to, or accrued and unpaid
interest on, any Note on or after the due date expressed or provided for in such Note or to any suit for the enforcement of the right to exchange any Note in accordance with the provisions of Article 7 hereof. 

  
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 ARTICLE 10 

CONSOLIDATION, MERGER, AMALGAMATION OR SALE OF ASSETS AND TAX RESIDENCE 

Section 10.01 Issuer and Guarantor May Consolidate on Certain Terms. Neither the Issuer nor the Guarantor shall consolidate with
or merge or amalgamate into any Person or enter into a scheme of arrangement (unless the Issuer or the Guarantor, as applicable, is the surviving person) or sell, lease or otherwise transfer their respective consolidated properties and assets,
substantially as an entirety, to another Person (other than for the Guarantor to sell, lease or otherwise transfer such assets or properties to one or more of its direct or indirect Wholly Owned Subsidiaries), unless: 

(a) the Person (if other than the Issuer or the Guarantor, as applicable) formed by such consolidation or into which the Issuer
or the Guarantor, as applicable, is merged, amalgamated or of which the Issuer or the Guarantor becomes a subsidiary pursuant to a scheme of arrangement or the Person which acquires by sale, lease or other transfer of the consolidated properties and
assets of the Issuer or the Guarantor, substantially as an entirety, shall (x) be a corporation, limited liability company, partnership, trust or other business entity organized and existing under the laws of the United States of America, any
state thereof, the District of Columbia, Ireland (meaning Ireland exclusive of Northern Ireland) or Bermuda; provided, however that in the case of the Guarantor, such person is treated as a corporation for U.S. federal income tax
purposes and (y) such Person (if other than the Issuer or the Guarantor, as applicable) expressly assumes, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the obligations of the
Issuer or the Guarantor, as the case may be, under the Notes and this Indenture (including, for the avoidance of doubt, the obligations under Section 4.10); and 

(b) after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing. 

Section 10.02 Successor to Be Substituted. Upon any such consolidation, merger, amalgamation or transfer, the resulting,
surviving, transferee or successor Person (if not the Issuer or the Guarantor, as the case may be) shall succeed to, and may exercise every right and power of the Issuer or the Guarantor’s under, this Indenture, and the Issuer or the Guarantor,
as the case may be, shall be discharged from the obligations under the Notes and this Indenture except in the case of any such lease. 
 In
case of any such consolidation, merger, amalgamation, sale, lease or other transfer, such changes in phraseology and form (but not in substance) may be made in the Notes thereafter to be issued as may be appropriate. 

  
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 Section 10.03 Change of Tax Residence. None of the Issuer, the Guarantor or any
successor thereof shall be a tax resident of a tax jurisdiction other than the United States, Ireland or Bermuda unless being a tax resident of such jurisdiction will not provide the Issuer a right to redeem the Notes under Section 5.01 either
under the laws in force at that time such Person became a tax resident or successor thereto or laws announced at that time; provided that, the Issuer will continue to have the benefit of Section 5.01 after such change of jurisdiction in
compliance with the above provisions. The Issuer has filed an election to be classified for U.S. federal tax purposes as a disregarded entity, and will remain so for so long as any of the Notes are outstanding. 

ARTICLE 11 
 THE TRUSTEE 

Section 11.01 Duties and Responsibilities of Trustee. 

(a) The Trustee, prior to the occurrence of an Event of Default and after the curing of all Events of Default which may have
occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In case an Event of Default has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers
vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his/her own affairs. 

(b) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its
own negligent failure to act or its own willful misconduct, except that: 
 (i) prior to the occurrence of an Event of
Default and after the curing or waiving of all Events of Default which may have occurred: 
 (A) the duties and obligations
of the Trustee shall be determined solely by the express provisions of this Indenture and applicable law, and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture
and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (B) in the absence of
bad faith and willful misconduct on the part of the Trustee, the Trustee may conclusively rely as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and
conforming to the requirements of this Indenture; but, in the case of any such certificates or opinions which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to
determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of any mathematical calculations or other facts stated therein); 

  
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 (ii) the Trustee shall not be liable for any error of judgment made in good faith
by a Trust Officer or Officers of the Trustee, unless the Trustee was negligent in ascertaining the pertinent facts; 
 (iii)
the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the written direction of the Holders of not less than a majority in principal amount of the Notes at the time outstanding
determined as provided in Section 1.04 relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture; 

(iv) whether or not therein provided, every provision of this Indenture relating to the conduct or affecting the liability of,
or affording protection to, the Trustee shall be subject to the provisions of this Section 11.01; 
 (v) the Trustee
shall not be liable in respect of any payment (as to the correctness of amount, entitlement to receive or any other matters relating to payment) or notice effected by the Issuer or any Paying Agent or any records maintained by any co-Registrar with
respect to the Notes; and 
 (vi) if any party fails to deliver a notice relating to an event the fact of which, pursuant to
this Indenture, requires notice to be sent to the Trustee, the Trustee may conclusively rely on its failure to receive such notice as reason to act as if no such event occurred. 

None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal
financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there is reasonable ground for believing that the repayment of such funds or adequate indemnity against such risk or liability is not
reasonably assured to it. 
 Section 11.02 Notice of Defaults. The Trustee shall give the Holders notice of any Default of which
a Trust Officer of the Trustee has knowledge or is deemed to have notice under Section 11.03(a) within 90 days after the occurrence thereof so long as such Default is continuing; provided, that (except in the case of any Default in the payment
of principal amount of, or interest on, any of the Notes or Fundamental Change Repurchase Price, Redemption Price or a default in the delivery of the Exchange Consideration), the Trustee shall be protected in withholding such notice if and so long
as it in good faith determines that the withholding of such notice is in the interest of the Holders of Notes. 
 Section 11.03
Reliance on Documents, Opinions, Etc. Except as otherwise provided in Section 11.01: 
 (a) the Trustee may
conclusively rely and shall be protected in acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, note, coupon or other paper or document (whether in its original or
facsimile form) believed by it in good faith to be genuine and to have been signed or presented by the proper party or parties; 

  
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 (b) any request, direction, order or demand of the Issuer mentioned herein shall
be sufficiently evidenced by an Officer’s Certificate (unless other evidence in respect thereof be herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to the Trustee by a copy thereof certified by the
Secretary, any Assistant Secretary or the General Counsel of the Issuer; 
 (c) the Trustee may consult with counsel of its
own selection and any advice or Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or omitted by it hereunder in good faith and in accordance with such advice or Opinion of Counsel; 

(d) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request, order or direction of any of the Holders pursuant to the provisions of this Indenture (including upon the occurrence and during the continuance of an Event of Default), unless such Holders shall have offered to the Trustee security or
indemnity reasonably satisfactory to it against any loss, expenses and liabilities which may be incurred therein or thereby; 

(e) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may
see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Issuer, personally or by agent or attorney (at the reasonable expense of the Issuer
and shall incur no liability of any kind by reason of such inquiry or investigation); 
 (f) the Trustee may execute any of
the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed by it with
due care hereunder; 
 (g) the Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in
good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 

(h) in no event shall the Trustee be responsible or liable for special, indirect, consequential or punitive loss or damage of
any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; 

(i) the Trustee shall not be deemed to have notice of any Default or Event of Default unless a Trust Officer of the Trustee has
actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Notes and the Indenture; 

  
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 (j) the rights, privileges, protections, immunities and benefits given to the
Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder; 

(k) the Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties
hereunder; and 
 (l) the Trustee may request that the Issuer deliver a certificate setting forth the names of individuals
and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture. 
 Section 11.04 No
Responsibility for Recitals, Etc. The recitals contained herein and in the Notes (except in the Trustee’s certificate of authentication) shall be taken as the statements of the Issuer, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Notes. The Trustee shall not be accountable for the use or application by the Issuer of any Notes or the proceeds of any
Notes authenticated and delivered by the Trustee in conformity with the provisions of this Indenture. 
 Section 11.05 Trustee,
Paying Agents, Exchange Agents or Registrar May Own Notes. The Trustee, any Paying Agent, any Exchange Agent or Registrar, in its individual or any other capacity, may become the owner or pledgee of Notes with the same rights it would have if it
were not Trustee, Paying Agent, Exchange Agent or Registrar. 
 Section 11.06 Monies to be Held in Trust. Subject to the
provisions of Section 13.04, all monies and properties received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder need
not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as may be agreed in writing from time to time by the Issuer and the Trustee.

 Section 11.07 Compensation and Expenses of Trustee. The Issuer covenants and agrees to pay to the Trustee from time to time,
and the Trustee shall be entitled to, such compensation for all services rendered by it hereunder in any capacity (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as mutually agreed
to from time to time in writing between the Issuer and the Trustee, and the Issuer will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances reasonably incurred or made by the Trustee in accordance
with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all Persons not regularly in its employ) except any such expense, disbursement or advance as may arise from
its negligence or willful misconduct. The Issuer also covenants to indemnify the Trustee (or any officer, director or employee of the Trustee), in any capacity under this Indenture and its agents and any authenticating agent for, and to hold them
harmless against, any and all loss, liability, claim or expense incurred without negligence or willful misconduct on the part of the Trustee or such officers, directors, employees and agent or authenticating agent, as the case may be, and arising
out of or in connection with the acceptance or administration of this 

  
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trust or in any other capacity hereunder (including, without limitation, in respect of any payment of the Redemption Price in connection with the ability of Holders to surrender Notes for
exchange during the period specified in Section 7.01(d), as the case may be, in connection with the Issuer’s election to effect a Tax Redemption or a Provisional Redemption, as the case may be), including the costs and expenses of
defending themselves against any claim (whether asserted by the Issuer, the Guarantor, a Holder or any other Person) of liability in the premises. The obligations of the Issuer under this Section 11.07 to compensate or indemnify the Trustee and
to pay or reimburse the Trustee for expenses, disbursements and advances shall be secured by a lien prior to that of the Notes upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the
Holders of particular Notes. The obligation of the Issuer under this Section 11.07 shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee. 

When the Trustee and its agents and any authenticating agent incur expenses or render services after an Event of Default specified in
Section 9.01(a)(ix) with respect to the Issuer occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any bankruptcy, insolvency or similar laws. 

Section 11.08 Officer’s Certificate as Evidence. Except as otherwise provided in Section 11.01, whenever in the
administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or omitting any action hereunder, such matter (unless other evidence in respect thereof be
herein specifically prescribed) may, in the absence of negligence or willful misconduct on the part of the Trustee, be deemed to be conclusively proved and established by an Officer’s Certificate delivered to the Trustee. 

Section 11.09 Conflicting Interests of Trustee. If the Trustee has or shall acquire a conflicting interest within the meaning of
the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, this Indenture. 

Section 11.10 Eligibility of Trustee. There shall at all times be a Trustee hereunder which shall be a Person that is eligible
pursuant to the Trust Indenture Act to act as such and has a combined capital and surplus of at least $50,000,000 (or if such Person is a member of a bank holding company system, its bank holding company shall have a combined capital and surplus of
at least $50,000,000). If such Person publishes reports of condition at least annually, pursuant to law or to the requirements of any supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such
Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 11.10, it
shall resign immediately in the manner and with the effect hereinafter specified in this Article. 
 Section 11.11 Resignation or
Removal of Trustee. 
 (a) The Trustee may at any time resign by giving written notice of such resignation to the Issuer
and to the Holders of Notes. Upon receiving such notice of resignation, the Issuer shall promptly appoint a successor trustee by written instrument, in 

  
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duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee
shall have been so appointed and have accepted appointment sixty (60) days after the mailing of such notice of resignation to the Holders, the resigning Trustee may, upon ten (10) Business Days’ notice to the Issuer and the Holders,
appoint a successor identified in such notice or may petition, at the expense of the Issuer, any court of competent jurisdiction for the appointment of a successor trustee, or, if any Holder who has been a bona fide Holder of a Note or Notes for at
least six (6) months may, subject to the provisions of Section 9.16, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice,
if any, as it may deem proper and prescribe, appoint a successor trustee. 
 (b) In case at any time any of the following
shall occur: 
 (i) the Trustee shall fail to comply with Section 11.09 after written request therefor by the Issuer or
by any Holder who has been a bona fide Holder of a Note or Notes for at least six (6) months; or 
 (ii) the Trustee
shall cease to be eligible in accordance with the provisions of Section 11.10 and shall fail to resign after written request therefore by the Issuer or by any such Holder; or 

(iii) the Trustee shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or a receiver of the Trustee
or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation; 

then, in any such case, the Issuer may remove the Trustee and appoint a successor trustee by written instrument, in duplicate, executed by
order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to the provisions of Section 9.16, any Holder who has been a bona fide Holder of a
Note or Notes for at least six (6) months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee; provided,
however, that if no successor Trustee shall have been appointed and have accepted appointment sixty (60) days after either the Issuer or the Holders has removed the Trustee, the Trustee so removed may petition at the Issuer’s expense
any court of competent jurisdiction for an appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee. 

(c) The Holders of a majority in aggregate principal amount of the Notes at the time outstanding may at any time remove the
Trustee and nominate a successor trustee which shall be deemed appointed as successor trustee unless, within ten (10) days after notice to the Issuer of such nomination, the Issuer objects thereto, in which case the

  
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Trustee so removed or any Holder, or if such Trustee so removed or any Holder fails to act, the Issuer, upon the terms and conditions and otherwise as in Section 11.11(a) provided, may
petition any court of competent jurisdiction for an appointment of a successor trustee. 
 (d) Any resignation or removal of
the Trustee and appointment of a successor trustee pursuant to any of the provisions of this Section 11.11 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 11.12. 

Section 11.12 Acceptance by Successor Trustee. Any successor trustee appointed as provided in Section 11.11 shall execute,
acknowledge and deliver to the Issuer and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee shall become effective and such successor trustee, without
any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the
Issuer or of the successor trustee, the trustee ceasing to act shall, upon payment of any amount then due it pursuant to the provisions of Section 11.07, execute and deliver an instrument transferring to such successor trustee all the rights
and powers of the trustee so ceasing to act. Upon request of any such successor trustee, the Issuer shall execute any and all instruments in writing for more fully and certainly vesting in and confirming to such successor trustee all such rights and
powers. Any trustee ceasing to act shall, nevertheless, retain a lien upon all property and funds held or collected by such trustee as such, except for funds held in trust for the benefit of Holders of particular Notes, to secure any amounts then
due it pursuant to the provisions of Section 11.07. 
 No successor trustee shall accept appointment as provided in this
Section 11.12 unless, at the time of such acceptance, such successor trustee shall be qualified under the provisions of Section 11.09 and be eligible under the provisions of Section 11.10. 

Upon acceptance of appointment by a successor trustee as provided in this Section 11.12, the Issuer (or the former trustee, at the
written direction of the Issuer) shall mail or cause to be mailed notice of the succession of such trustee hereunder to the Holders of Notes at their addresses as they shall appear on the Register. If the Issuer fails to mail such notice within ten
(10) days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the Issuer. 

Section 11.13 Succession by Merger, Etc. Any corporation into which the Trustee may be merged or exchanged or with which it may be
consolidated, or any corporation resulting from any merger, exchange or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee (including any
trust created by this Indenture), shall be the successor to the Trustee hereunder without the execution or filing of any paper or any further act on the part of any of the parties hereto, provided that in the case of any corporation succeeding to
all or substantially all of the corporate trust business of the Trustee, such corporation shall be qualified under the provisions of Section 11.09 and eligible under the provisions of Section 11.10. 

  
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 In case at the time such successor to the Trustee shall succeed to the trusts created by this
Indenture, any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee or authenticating agent appointed by such predecessor trustee, and
deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Trustee or any authenticating agent appointed by such successor trustee may authenticate such Notes in the name of
the successor trustee; and in all such cases such certificates shall have the full force that is provided in the Notes or in this Indenture; provided, however, that the right to adopt the certificate of authentication of any predecessor Trustee or
authenticate Notes in the name of any predecessor Trustee shall apply only to its successor or successors by merger, exchange or consolidation. 

Section 11.14 Preferential Collection of Claims. If and when the Trustee shall be or become a creditor of the Issuer (or any other
obligor upon the Notes), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of the claims against the Issuer (or any such other obligor). 

Section 11.15 Trustee’s Application for Instructions from the Issuer. Any application by the Trustee for written instructions
from the Issuer (other than with regard to any action proposed to be taken or omitted to be taken by the Trustee that affects the rights of the Holders of the Notes under this Indenture) may, at the option of the Trustee, set forth in writing any
action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such omission shall be effective. The Trustee shall not be liable for any action taken by, or omission of,
the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than three (3) Business Days after the date any officer of the Issuer actually receives such
application, unless any such officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Trustee shall have received written instructions in response to
such application specifying the action to be taken or omitted. 
 ARTICLE 12 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE 

Section 12.01 Issuer to Furnish Trustee Names and Addresses of Holders. The Issuer will furnish or cause to be furnished to the
Trustee: 
 (a) semiannually, not more than 15 days after each Regular Record Date, a list, in such form as the Trustee may
reasonably require, of the names and addresses of the Holders as of such Regular Record Date; and 
 (b) at such other times
as the Trustee may request in writing, within 30 days after the receipt by the Issuer of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; 

  
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 excluding from any such list names and addresses received by the Trustee in its capacity as Registrar;
provided, however, that no such list need be furnished so long as the Trustee is acting as Registrar. 
 Section 12.02
Preservation of Information; Communications to Holders. 
 (a) The Trustee shall preserve, in as current a form as is
reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Trustee as provided in Section 12.01 and the names and addresses of Holders received by the Trustee in its capacity as Registrar. The
Trustee may destroy any list furnished to it as provided in Section 12.01 upon receipt of a new list so furnished. 

(b) The rights of Holders to communicate with other Holders with respect to their rights under this Indenture or under the
Notes, and the corresponding rights and duties of the Trustee, shall be as provided under applicable law. 
 (c) Every
Holder, by receiving and holding the same, agrees with the Issuer and the Trustee that neither the Issuer nor the Trustee nor any agent of either of them shall be held accountable by reason of any disclosure of information as to names and addresses
of Holders made pursuant to applicable law. 
 Section 12.03 Reports By Trustee.  

(a) The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be
required pursuant to this Indenture at the times and in the manner provided pursuant thereto. 
 (b) To the extent required
pursuant to the Trust Indenture Act, a copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange, if any, upon which the Notes are listed, with the Commission and with the Issuer.
The Issuer will notify the Trustee in writing when the Notes are listed on any stock exchange or of any delisting thereof. 
 ARTICLE 13 

SATISFACTION AND DISCHARGE 

Section 13.01 Discharge of Liability on Notes. When (a)(i) the Issuer delivers to the Registrar all outstanding Notes (other than
Notes replaced pursuant to Section 3.08) for cancellation or (ii) all outstanding Notes have become due and payable, whether on the Maturity Date, any Fundamental Change Repurchase Date, any Redemption Date, upon exchange, redemption,
declaration of acceleration or otherwise, and the Issuer irrevocably deposits with the Trustee or the Guarantor delivers to the Holders, as applicable, cash or cash, Ordinary Shares or a combination thereof, as applicable (solely to satisfy any
outstanding Exchange Obligation with respect to the Notes), sufficient to pay or deliver, as the case may be, all amounts due and owing on all outstanding Notes (other than Notes replaced pursuant to Section 3.08), (b) the Issuer pays all
other sums payable by it under this Indenture and (c) the Issuer delivers to the Trustee an Officer’s Certificate and Opinion of Counsel stating that the conditions precedent therefor have been satisfied, then, this Indenture will cease to
be of further effect with respect to the Notes and 

  
 106 

 
the Holders and the Trustee will acknowledge the satisfaction and discharge of this Indenture with respect to the Notes; provided, however, that any obligation of the Issuer to the Trustee
under Sections 11.06 or 11.07 shall survive after the Notes are paid in full and there are no Notes outstanding. 
 Section 13.02
Deposited Moneys to Be Held in Trust. Subject to Section 13.04 hereof, all cash, Ordinary Shares or a combination thereof, as applicable, deposited with the Trustee pursuant to Section 13.01 hereof will be held in trust for the sole
benefit of the Holders, and such cash, Ordinary Shares or a combination thereof, as applicable, will be applied by the Trustee, either directly or through the Paying Agent, to the payment of the obligation for which such cash, Ordinary Shares or a
combination thereof, as applicable, have been deposited with the Trustee. 
 Section 13.03 Paying Agent to Repay Monies Held.
Upon the satisfaction and discharge of this Indenture, all cash and Ordinary Shares, if any, then held by the Paying Agent (if other than the Trustee) shall, upon written request of the Issuer, be repaid to it or paid to the Trustee, and thereupon
such Paying Agent shall be released from all further liability with respect to such monies and Ordinary Shares, if any. 

Section 13.04 Repayment to the Issuer. Subject to any applicable unclaimed property law, the Trustee and the Paying Agent, upon
receiving a written request from the Issuer, will promptly turn over to the Issuer any cash or Ordinary Shares held for payment on the Notes that remains unclaimed two years after the date on which such payment was due. After the Trustee and the
Paying Agent return such cash and Ordinary Shares, the Trustee and the Paying Agent will have no further liability to any Holder with respect to such cash and Ordinary Shares, and any Holder entitled to the payment of such cash or Ordinary Shares
under the Notes or this Indenture must look to the Issuer for payment as general creditor of the Issuer. 
 Section 13.05
Reinstatement. If the Trustee or the Paying Agent is unable to apply any cash or Ordinary Shares in accordance with Section 13.02 hereof by reason of any order or judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, the Issuer’s obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 13.01 until such time as the Trustee or the Paying
Agent is permitted to apply all such cash, Ordinary Shares or a combination thereof, as applicable, in accordance with Section 13.02 hereof; provided, however, that if the Issuer makes any payment of the principal of, interest (including
Additional Interest, if any) on, Fundamental Change Repurchase Price or Redemption Price for, Additional Amounts with respect to or cash portion of the Exchange Obligation with respect to, any Note following the reinstatement of its obligations, the
Issuer shall be subrogated to the rights of the Holders to receive such payment from any cash, Ordinary Shares or a combination thereof, as applicable, held by the Trustee or Paying Agent. 

ARTICLE 14 
 SUPPLEMENTAL
INDENTURES 
 Section 14.01 Without Consent of Holders. The Issuer, the Guarantor and the Trustee may amend or supplement this
Indenture or the Notes without the consent of any Holder, including to: 
 (a) evidence a successor to the Issuer or the
Guarantor and the assumption by that successor of the Issuer’s obligations or the Guarantor’s obligations, as applicable, under the Indenture and under the Notes; 

  
 107 

 (b) add to the Issuer’s covenants for the benefit of the Holders or
surrender any right or power conferred upon the Issuer; 
 (c) secure the Issuer’s obligations in respect of the Notes;

 (d) evidence and provide for the acceptance of the appointment of a successor Trustee in accordance with this Indenture;

 (e) cure any ambiguity, omission, inconsistency or correct or supplement any defective provision contained in this
Indenture that does not adversely affect the holders of the notes in any material respect; 
 (f) to add guarantees with
respect to the Notes; 
 (g) provide for the exchange of the Notes into Reference Property and effect any other changes to
the terms of the Notes required under this Indenture in connection therewith; 
 (h) make any change that would not
reasonably be expected to adversely affect the interests of the Holders (other than those of a Holder that has consented to such change) in the good faith opinion of the Board of Directors; 

(i) conform the provisions of this Indenture to the “Description of notes” section of the Offering Memorandum, as set
forth in an Officer’s Certificate, to the extent that the Trustee has received an Officer’s Certificate stating that any text to be so conformed constitutes an unintended conflict with the corresponding provision in such “Description
of notes” section; or 
 (j) complying with the Applicable Procedures. 

Section 14.02 With Consent of Holders. With the written consent of the Holders of at least a majority in principal amount of then
outstanding Notes (including, without limitation, consents obtained in connection with a repurchase of, or tender offer or exchange offer for, the Notes), and, subject to the exceptions provided in Section 9.02(b) hereof, any Default or Event
of Default or compliance with any provisions waived with the written consent of the Holders of a majority in principal amount of then outstanding Notes (including, without limitation, consents obtained in connection with a repurchase of, or tender
offer or exchange offer for, the Notes); provided, however, that, without the consent of each Holder of a then outstanding Note affected, no amendment or supplement to this Indenture or the Notes may: 

(a) alter the manner of calculation or rate of accrual of interest on any Note or change the time of payment of any installment
of interest on any Note; 

  
 108 

 (b) make any of the Notes payable in money or securities other than that stated
in the Note; 
 (c) change the Maturity Date of any Note; 

(d) reduce the principal amount, Fundamental Change Repurchase Price or Redemption Price with respect to any of the Notes; 

(e) make any change that adversely affects the rights of Holders to require the Issuer to repurchase the Notes at the option of
the Holders upon a Fundamental Change; 
 (f) impair the right to institute suit for the enforcement of any payment on or
with respect to any Note or with respect to the exchange of any Note; 
 (g) adversely affect the exchange rights of the
Notes, including by modification to any of the notice provisions; 
 (h) change the percentage in aggregate principal amount
of then outstanding Notes necessary to modify or amend the Indenture or to waive any past Default or Event of Default; 
 (i)
change the ranking of the Notes or the Guarantee; 
 (j) change the Issuer’s obligations under Section 4.10; 

(k) reduce the amount of Notes whose Holders must consent to an amendment or make any other change in the provisions of this
Section 14.02 or in the provisions relating to the waiver of particular past Events of Default or particular covenants, except to provide that any additional provisions may not be modified or waived without the consent of the Holder of a then
outstanding Note affected; or 
 (l) release the Guarantor from, or modify or affect in any manner adverse to the Holders the
terms and conditions of, the obligations of the Guarantor under the Guarantee. 
 It will not be necessary for the consent of the Holders
under this Section 14.02 to approve the particular form of any proposed amendment, but it will be sufficient if such consent approves the substance of such proposed amendment. 

Section 14.03 Notices of Supplemental Indentures. After an amendment or supplement to this Indenture or the Notes pursuant to this
Article 14 becomes effective, the Issuer will mail to the Holders a notice briefly describing such amendment or supplement to this Indenture. However, the failure to give such notice to all Holders, or any defect in such notice, will not impair or
affect the validity of such amendment or supplement to this Indenture. 
 Section 14.04 Execution of Supplemental Indentures. In
executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modification thereby of the trusts created by this Indenture, the Trustee shall receive, and shall

  
 109 

 
be fully protected in relying upon, an Officer’s Certificate and an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture
and that such supplemental indenture is the legal, valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture
which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 ARTICLE 15 

GUARANTEE 
 Section 15.01
Guarantee. By its execution hereof, the Guarantor acknowledges and agrees that it receives substantial benefits from the Issuer and the issuance of the Notes and that the Guarantor is providing its Guarantee for good and valuable
consideration, including, without limitation, such substantial benefits. Accordingly, subject to the provisions of this Article 15, the Guarantor hereby fully and unconditionally guarantees as a primary principal obligation and not merely as a
surety to each Holder and its successors and assigns that: (x) the principal of (including the Redemption Price and Fundamental Change Repurchase Price), Additional Amounts with respect to, Exchange Obligation with respect to, and interest, if
any, on the Notes shall be duly and punctually paid in full and/or performed in accordance with the terms of this Indenture when due, whether at the Maturity Date, upon declaration of acceleration, upon redemption, upon required repurchase, upon
exchange or otherwise, along with any interest on overdue principal, interest, Additional Amounts and (to the extent permitted by law) interest on any interest, if any, on the Notes and (y) in case of any extension of time of payment or renewal
of any Notes or any of such other obligations, the same shall be duly and punctually paid in full and/or performed in accordance with the terms of this Indenture when due or performed in accordance with the terms of the extension or renewal, whether
at the Maturity Date, upon declaration of acceleration, upon redemption, upon required repurchase, upon exchange or otherwise, along with any interest on overdue principal, interest, Additional Amounts and (to the extent permitted by law) interest
on any interest, if any, on the Notes. Furthermore, subject to the provisions of this Article 15, the Guarantor hereby unconditionally guarantees to the Trustee and to each Holder and their respective successors and assigns that (z) all other
obligations of the Issuer to the Holders or the Trustee hereunder or under the Notes (including fees, expenses or other) shall be promptly paid in full or performed, all in accordance with the terms hereof, subject, however, in the case of clauses
(x), (y) and (z) above, to the limitations set forth in Section 15.03 hereof (the obligations set forth in this Section 15.01 collectively, the “Guarantee Obligations”). The Guarantee constitutes a general
unsecured and unsubordinated obligation of the Guarantor. 
 Subject to the provisions of this Article 15, the Guarantor hereby agrees that
its Guarantee hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect
to any thereof, the entry of any judgment against the Issuer, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of the Guarantor. The Guarantor hereby waives and
relinquishes: (a) any right to require the Trustee, the Holders or the Issuer (each, a “Benefited Party”) to proceed against the Issuer or any other Person or to proceed against or exhaust any security held by a Benefited Party
at any time or to pursue any 

  
 110 

 
other remedy in any secured party’s power before proceeding against the Guarantor; (b) any defense that may arise by reason of the incapacity, lack of authority, death or disability of
any other Person or Persons or the failure of a Benefited Party to file or enforce a claim against the estate (in administration, bankruptcy or any other proceeding) of any other Person or Persons; (c) demand, protest and notice of any kind
(except as expressly required by this Indenture), including but not limited to notice of the existence, creation or incurring of any new or additional indebtedness or obligation or of any action or non-action on the part of the Guarantor, the
Issuer, any Benefited Party, any creditor of the Guarantor or the Issuer or on the part of any other Person whomsoever in connection with any obligations the performance of which are hereby guaranteed; (d) any defense based upon an election of
remedies by a Benefited Party, including but not limited to an election to proceed against the Guarantor for reimbursement; (e) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither
larger in amount nor in other respects more burdensome than that of the principal; (f) any defense arising because of a Benefited Party’s election, in any proceeding instituted under Bankruptcy Law, of the application of
Section 1111(b)(2) of the Bankruptcy Code or any similar provision (including under Irish or Bermudian law); and (g) any defense based on any borrowing or grant of a security interest under Section 364 of the Bankruptcy Code or any
similar provision (including under Irish or Bermudian law). The Guarantor hereby covenants that, except as otherwise provided therein, the Guarantee shall not be discharged except by payment in full of all Guarantee Obligations, including the
principal (including the Fundamental Change Repurchase Price and Redemption Price, if applicable), Additional Amounts, Exchange Obligations and interest on the Notes and all other costs provided for under this Indenture or as provided in Article 11.

 The Guarantor as principal obligor and as a separate and independent obligation and liability from its other obligations and liabilities
under this Indenture agrees to indemnify and keep indemnified each Holder and the Trustee in full and on demand in respect of the performance and discharge of the Guarantee Obligations (except where the Issuer’s failure to perform or discharge
the Guarantee Obligations results from such Holder’s failure to comply with its obligations under the Indenture or the Trustee’s negligence or willful misconduct or the Issuer contesting any payment or part of a payment in good faith).

 If any Holder or the Trustee is required by any court or otherwise to return to either the Issuer or the Guarantor, or any trustee or
similar official acting in relation to either the Issuer or the Guarantor, any amount paid by the Issuer or the Guarantor to the Trustee or such Holder, then the Guarantee, to the extent theretofore discharged, shall be reinstated in full force and
effect. The Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Holders in respect of any Guarantee Obligations hereby until payment in full of all such obligations guaranteed hereby. The Guarantor agrees
that, as between it, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 9 hereof for the purposes hereof, notwithstanding any
stay, injunction or other prohibition preventing such acceleration in respect of the Guarantee Obligations, and (y) in the event of any acceleration of such obligations as provided in Article 9 hereof, such Guarantee Obligations (whether or not
due and payable) shall forthwith become due and payable by the Guarantor for the purpose of the Guarantee. 

  
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 The Issuer and the Guarantor acknowledge that the allotment and issue of Ordinary Shares and the
delivery of Ordinary Shares, if any, hereunder (whether upon exchange, under the terms of the Guarantee or otherwise) by the Guarantor (or by the Ordinary Share Depositary at the direction of the Guarantor) will create an equivalent debt owing from
the Issuer to the Guarantor. 
 Section 15.02 Limitation of Guarantor’s Liability; Certain Bankruptcy Events. 

(a) The Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that
the Guarantee Obligations of the Guarantor pursuant to its Guarantee not constitute a fraudulent transfer or conveyance for purposes of any Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar
federal or state law. To effectuate the foregoing intention, the Holders and the Guarantor hereby irrevocably agree that the Guarantee Obligations of the Guarantor under this Article 15 shall be limited to the maximum amount as shall, after giving
effect to all other contingent and fixed liabilities of the Guarantor, result in the Guarantee Obligations of the Guarantor under the Guarantee not constituting a fraudulent transfer or conveyance. 

(b) The Guarantor hereby covenants and agrees, to the fullest extent that it may do so under applicable law, that in the event
of the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Issuer, the Guarantor shall not file (or join in any filing of), or otherwise seek to participate in the filing of, any motion or request seeking to stay or to prohibit
(even temporarily) execution on the Guarantee and hereby waives and agrees not to take the benefit of any such stay of execution, whether under Section 362 or 105 of the Bankruptcy Code or otherwise. 

Section 15.03 Application of Certain Terms and Provisions to the Guarantor. 

(a) For purposes of any provision of this Indenture which provides for the delivery by the Guarantor of an Officer’s
Certificate and/or an Opinion of Counsel, the definitions of such terms in Section 1.01 hereof shall apply to the Guarantor as if references therein to the Issuer or the Guarantor, as applicable, were references to the Guarantor. 

(b) Any request, direction, order or demand which by any provision of this Indenture is to be made by the Guarantor shall be
sufficient if evidenced as described in Section 16.02 hereof as if references therein to the Issuer were references to the Guarantor. 

(c) Upon any demand, request or application by the Guarantor to the Trustee to take any action under this Indenture, the
Guarantor shall furnish to the Trustee such certificates and opinions as are required in Section 16.04 hereof as if all references therein to the Issuer were references to the Guarantor. 

  
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 ARTICLE 16 

MISCELLANEOUS 
 Section 16.01
Official Acts by Successor Corporation. Any act or proceeding by any provision of this Indenture authorized or required to be done or performed by any board, committee or officer of the Issuer shall and may be done and performed with like
force and effect by the like board, committee or officer of any Person that shall at the time be the lawful sole successor of the Issuer or Guarantor. 

Section 16.02 Notices. Any notice or communication shall be in writing (including telecopy promptly confirmed in writing) and
delivered in person or mailed by first-class mail addressed as follows: 
 if to the Issuer: 

Jazz Investments I Limited 

Clarendon House 
 2 Church Street

 Hamilton, HM 11 Bermuda 

Attention: David J. Doyle 
 Fax:
441 292 4720 
 Email: david.doyle@conyersdill.com 

with copies to: 
 Jazz
Pharmaceuticals Public Limited Company 
 Fifth Floor, Waterloo Exchange 

Waterloo Road 
 Dublin 4, Ireland

 Attention: Secretary 
 Fax:
353 - 1 - 634 – 7850 
 Jazz Pharmaceuticals, Inc. 

3180 Porter Drive 
 Palo Alto, CA
94304 USA 
 Attention: General Counsel 

Fax: (650) 496-3781 
 if to
Guarantor: 
 Jazz Pharmaceuticals Public Limited Company 

Fifth Floor, Waterloo Exchange 

Waterloo Road 
 Dublin 4, Ireland

 Attention: Secretary 
 Fax:
353 - 1 - 634 – 7850 

  
 113 

 with a copy to: 

Jazz Pharmaceuticals, Inc. 
 3180
Porter Drive 
 Palo Alto, CA 94304 USA 

Attention: General Counsel 
 Fax:
(650) 496-3781 
 if to the Trustee: 

U.S. Bank National Association 

Global Corporate Trust Services 

Mailcode: EP-MN-WS3C 
 60
Livingston Avenue 
 St. Paul, MN 55107-2292 

Attention: Rick Prokosch 
 Fax:
(651) 466-7430 
 Email: Rick.Prokosch@usbank.com 

The Issuer, the Guarantor or the Trustee by notice to the others may designate additional or different addresses for subsequent notices or
communications. 
 Any notice or communication mailed to a registered Holder shall be mailed to the Holder at the Holder’s address as
it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. 
 Failure to
mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee
receives it, except that notices to the Trustee shall be effective only upon receipt. 
 The Trustee agrees to accept and act upon facsimile
transmission of written instructions and/or directions pursuant to this Indenture given by the Issuer; provided, however, that (i) the Issuer, subsequent to such facsimile transmission of written instructions and/or directions,
shall provide the originally executed instructions and/or directions to the Trustee in a timely manner and (ii) such originally executed instructions and/or directions shall be signed by an authorized officer of the Issuer. 

Section 16.03 Rules by Trustee, Paying Agent and Registrar. The Trustee may make reasonable rules for action by, or a meeting of,
Holders. The Registrar and the Paying Agent may make reasonable rules for their functions. 
 Section 16.04 Governing Law. THIS
INDENTURE AND THE NOTES, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS INDENTURE OR THE NOTES, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

Section 16.05 No Recourse against Others. Except to the extent provided otherwise herein, an incorporator, director, officer,
employee, Affiliate or shareholder of the Issuer or the Guarantor, solely by reason of this status, shall not have any liability for any obligations of the Issuer or the Guarantor under the Notes, this Indenture or for any claim based on, in respect
of or by reason of such obligations or their creation. By accepting a Note, each Holder shall waive and release all such liability. The waiver and release shall be part of the consideration for the issue of the Notes. 

  
 114 

 Section 16.06 Successors. All the covenants, stipulations, promises and agreements by
the Issuer or Guarantor contained in this Indenture shall bind their respective successors and assigns whether so expressed or not. 

Section 16.07 Multiple Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. One signed copy is enough to prove this Indenture. Delivery of an executed counterpart by facsimile shall be effective as delivery of a manually executed counterpart thereof. 

Section 16.08 Benefits of Indenture. Nothing in this Indenture or in the Notes, express or implied, shall give to any Person,
other than the parties hereto and their respective successors hereunder and the Holders of Notes, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

Section 16.09 Table of Contents; Headings. The table of contents, cross-reference sheet and headings of the Articles and Sections
of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

Section 16.10 Severability Clause. In case any provision in this Indenture shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability. 

Section 16.11 Calculations. Except as otherwise provided herein, the Issuer will be responsible for making all calculations called
for under this Indenture or the Notes (including, without limitation, determinations of the Last Reported Sale Prices of the Ordinary Shares, accrued interest payable on the Notes, the Trading Price of the Notes and the Exchange Rate of the Notes).
The Issuer will make all such calculations in good faith and, absent manifest error, its calculations will be final and binding on Holders. The Issuer will provide a schedule of its calculations to each of the Trustee and the Exchange Agent, and
each of the Trustee and Exchange Agent is entitled to rely conclusively upon the accuracy of such calculations without independent verification. The Trustee will deliver a copy of such schedule to any Holder upon the written request of such Holder.

 Section 16.12 Waiver of Jury Trial. EACH OF THE ISSUER, THE GUARANTOR AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED THEREBY. 

  
 115 

 Section 16.13 Consent to Jurisdiction. 

(a) Each of the Issuer and the Guarantor hereby irrevocably and unconditionally submits, for itself and its property, to the
nonexclusive jurisdiction of any New York State court or federal court of the United States sitting in the State and City of New York, County and Borough of Manhattan, and any appellate court from any thereof, in any action or proceeding arising out
of or relating to this Indenture or the Notes, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard
and determined in such state court sitting in the State and City of New York, County and Borough of Manhattan or, to the extent permitted by law, in such federal court sitting in the State and City of New York, County and Borough of Manhattan. 

(b) Each of the Issuer and the Guarantor hereby irrevocably and unconditionally waives, to the fullest extent it may legally
and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action proceeding arising out of or relating to this Indenture or the Notes in any New York State or federal court. Each of the parties
hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

Section 16.14 Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due
hereunder into any currency other than United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could
purchase United States dollars with such other currency in The City of New York on the Business Day preceding that on which final judgment is given. The obligation of the Issuer and the Guarantor with respect to any sum due from it to the Trustee
and the Holders shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged until the first Business Day following receipt by the Trustee or the Holders of any sum in such other currency, and only to the
extent that the Trustee may in accordance with normal banking procedures purchase United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to the Trustee or the Holders, the
Issuer and the Guarantor, jointly and severally, to the extent permitted by law, agree as a separate obligation and notwithstanding any such judgment, to indemnify the Trustee and such Holders against such loss. If the United States dollars so
purchased are greater than the sum originally due to the Trustee or the Holders, the Trustee and the Holders hereby agrees to pay to the Issuer and/or the Guarantor, as applicable, an amount equal to the excess of the dollars so purchased over the
sum originally due to such person. 
 Section 16.15 Force Majeure. In no event shall the Trustee be responsible or liable for
any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil
or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software or hardware) services; it being understood that the Trustee shall use reasonable
efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

  
 116 

 Section 16.16 U.S.A. Patriot Act. The parties hereto acknowledge that in accordance
with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person
or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements
of the U.S.A. Patriot Act. 
 [Remainder of the page intentionally left blank] 

  
 117 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of the
date first written above. 
  

			
	 JAZZ INVESTMENTS I LIMITED, as
Issuer

		
	By:	 	/s/ Patricia Carr
		 	Name: Patricia Carr
		 	Title: Director

  

					
	GIVEN under the	  	)	  	
	common seal of	  	)	  	
	JAZZ	  	)	  	
	PHARMACEUTICALS	  	)	  	
	PUBLIC	  	)	  	(Common Seal)
	LIMITED COMPANY	  	)	  	
		  	)	  	Director/Secretary/Authorized Person

 
			
	By:	 	/s/ Patricia Carr
		 	Name: Patricia Carr
		 	Vice President, Finance

 [Signature Page to the Indenture] 

 
			
	 U.S. BANK NATIONAL ASSOCIATION,
as Trustee

		
	By:	 	/s/ Richard Prokosch
		 	Name: Richard Prokosch
		 	Title: Vice President

 [Signature Page to the Indenture] 

 EXHIBIT A 

[FORM OF RESTRICTED STOCK LEGEND] 

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE
OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER: 

 

	 	(1)	REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION
WITH RESPECT TO EACH SUCH ACCOUNT; AND 

  

	 	(2)	AGREES FOR THE BENEFIT OF THE ISSUER THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS SECURITY OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO RESALE RESTRICTION TERMINATION DATE, EXCEPT:

  

	 	(B)	TO JAZZ INVESTMENTS I LIMITED (THE “ISSUER”), JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY (THE “PARENT”) OR ANY OF THEIR RESPECTIVE SUBSIDIARIES, OR 

 

	 	(C)	PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR 

  

	 	(D)	TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, OR 

  

	 	(E)	PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH CLAUSE (2)(D) ABOVE, THE ISSUER, THE PARENT AND THE DEPOSITARY FOR THE
PARENT’S ORDINARY SHARES RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE
SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

  
 A-1 

 THE “RESALE RESTRICTION TERMINATION DATE” MEANS THE DATE THAT IS THE LATER OF:
(X) ONE YEAR AFTER THE LAST ORIGINAL ISSUE DATE OF THE ISSUER’S SUBSIDIARY’S 1.50% EXCHANGEABLE SENIOR NOTES DUE 2024 (THE “NOTES”) (INCLUDING THE LAST DATE OF ISSUANCE OF ADDITIONAL NOTES PURSUANT TO THE EXERCISE OF THE
INITIAL PURCHASERS’ OPTION TO PURCHASE ADDITIONAL NOTES) OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THERETO AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE
LAW. 

  
 A-2 

 EXHIBIT B 

[FORM OF NOTICE OF TAX REDEMPTION ELECTION] 
 To:
[            ] 
 The undersigned registered owner of this Note hereby elects to
not have this Note, or the portion hereof (that is $200,000 principal amount or an integral multiple of $1,000 in excess thereof) below designated, be subject to a Tax Redemption, and any Notes representing any principal amount hereof not subject to
such Tax Redemption, be issued and delivered to the registered holder hereof unless a different name has been indicated below. If any portion of this Note not subject to such Tax Redemption is to be issued in the name of a Person other than the
undersigned, the undersigned will pay all transfer taxes payable with respect thereto. 
 The undersigned hereby certifies that it (or if it
is acting for the account of one or more persons, that each such person) is not, and has not been, during the ninety days immediately preceding the date hereof, an “affiliate” of the Issuer or of the Guarantor (within the meaning of Rule
144 under the Securities Act of 1933, as amended). 
  

					
	Dated:                                     
                                         
                   	 		 	 
			
		 		 	 
			
		 		 	Signature(s)
	 	 		 	
			
	Signature Guarantee	 		 	
			
	Signature(s) must be guaranteed by an eligible Guarantor Institution (banks, stock brokers, savings and loan associations and credit unions) with membership in an approved signature guarantee medallion program pursuant to Securities
and Exchange Commission Rule 17Ad-15 if Ordinary Shares are to be issued, or Notes to be delivered, other than to and in the name of the registered holder.	 		 	

  
 B-1 

					
	Fill in for registration of Notes to be delivered, other than to and in the name of the registered holder:	 		 	
			
	 	 		 	
	(Name)	 		 	
			
	 	 		 	
	(Street Address)	 		 	
			
	 	 		 	
	(City, State and Zip Code)	 		 	
			
	Please print name and address	 		 	
		 		 	 Principal amount not subject to Tax Redemption (if less than all):
  

$             ,000
  

NOTICE: The above signature(s) of the holder(s) hereof must correspond with the name as written upon the face of the Note in every particular without
alteration or enlargement or any change whatever.

			
		 		 	  

		 		 	 Social Security or Other Taxpayer

Identification Number

  
 B-2

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