Document:

EX-10.2

 EXHIBIT 10.2 

AMENDMENT NO. 1 dated as of May 20, 2020 (this “Agreement”), to the Credit Agreement dated as of June 28, 2019 (the
“Existing Credit Agreement”), among SYSCO CORPORATION, a Delaware corporation (the “Parent Borrower”), SYSCO CANADA, INC., a corporation incorporated under the laws of Canada, SYSCO EU II S.À R.L., a private
limited liability company incorporated under the laws of the Grand-Duchy of Luxembourg, the SUBSIDIARY GUARANTORS party thereto, the LENDERS party thereto, the ISSUING BANKS party thereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent. 

WHEREAS, the Parent Borrower has requested that the Existing Credit Agreement be amended as set forth herein; and 

WHEREAS, the Lenders party hereto and the Administrative Agent are willing, subject to the terms and conditions set forth below, to amend the
Existing Credit Agreement on the terms set forth herein (the Existing Credit Agreement, as so amended, is referred to as the “Amended Credit Agreement”). 

NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Defined Terms. Capitalized terms used and not otherwise
defined herein (including in the preliminary statements hereto) have the meanings assigned to them in the Amended Credit Agreement. 

SECTION 2. Amendments to the Existing Credit Agreement. Effective as of the Amendment No. 1 Effective Date (as defined below), the
Existing Credit Agreement is hereby amended by inserting the language indicated in single or double underlined text (indicated textually in the same manner as the following examples: single-underlined text or
double-underlined text) in Exhibit A hereto and by deleting the language indicated by strikethrough text
(indicated textually in the same manner as the following example: stricken text) in Exhibit A hereto.

 SECTION 3. Representations and Warranties. The Parent Borrower represents and warrants to the other parties hereto that:

 (a) This Agreement has been duly executed and delivered by the Parent Borrower and constitutes a legal, valid and binding
obligation of the Parent Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles
of equity, regardless of whether considered in a proceeding in equity or at law. 

 (b) On and as of the Amendment No. 1 Effective Date, (i) the
representations and warranties of the Parent Borrower set forth in Article III of the Amended Credit Agreement (other than the representations and warranties set forth in Sections 3.04(b), 3.06, 3.07 and 3.11 of the
Amended Credit Agreement) are true and correct in all material respects (without duplication of any materiality qualifier) and (ii) no Default has occurred and is continuing. 

SECTION 4. Effectiveness of this Agreement. This Agreement and the amendment of the Existing Credit Agreement as set forth in
Section 2 hereof shall become effective as of the first date (the “Amendment No. 1 Effective Date”) on which each of the following conditions shall have been satisfied or waived: 

(a) The Administrative Agent shall have executed a counterpart of this Agreement and shall have received from the Parent
Borrower and the Lenders constituting the Required Lenders either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include email transmission of
a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement. 
 (b) The
Administrative Agent and its Affiliates shall have received all fees due and payable in connection with this Agreement pursuant to letter agreements entered into by them with the Parent Borrower, and the Administrative Agent shall have received
reimbursement of all reasonable out-of-pocket expenses incurred by it in connection with this Agreement that are required to be reimbursed or paid by the Parent Borrower
under the Existing Credit Agreement, in the case of such expenses, to the extent invoiced not less than two Business Days before the Amendment No. 1 Effective Date. 

The Administrative Agent shall promptly notify, in writing, the Parent Borrower and the Lenders of the Amendment No. 1 Effective Date, and such notice
shall be conclusive and binding. 
 SECTION 5. Effect of Amendment; No Novation. (a) Except as expressly set forth herein, this
Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Administrative Agent, the Lenders or the Issuing Banks under the Existing Credit Agreement and shall not alter,
modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement, all of which shall continue in full force and effect in accordance with the provisions thereof. Nothing
herein shall be deemed to entitle any of the Borrowers or the Subsidiary Guarantors on any other occasion to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements
contained in the Amended Credit Agreement in similar or different circumstances. Neither this Agreement no any provision hereof may be waived, amended or modified except in accordance with the provisions of Section 10.02 of the Amended Credit
Agreement. 

 (b) On and after the Amendment No. 1 Effective Date, each reference in the Existing
Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import, as used in the Existing Credit Agreement, shall refer to the Existing Credit Agreement as amended hereby. 

(c) Neither this Agreement nor the effectiveness of the amendments to the Existing Credit Agreement effected hereby shall extinguish the
obligations for the payment of money outstanding under the Existing Credit Agreement. Nothing herein contained shall be construed as a substitution or novation of any of the obligations outstanding under the Existing Credit Agreement, which shall
remain in full force and effect, except as modified hereby. Nothing expressed or implied in this Agreement or the Amended Credit Agreement shall be construed as a release or other discharge of any of the Borrowers or the Subsidiary Guarantors under
the Existing Credit Agreement from any of its obligations and liabilities thereunder, as amended hereby. 
 SECTION 6. Counterparts.
This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed
counterpart of a signature page of this Agreement by fax, emailed pdf. or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement.

 SECTION 7. Governing Law. This Agreement shall be construed, and the rights of the parties hereto determined, in accordance with
and governed by the law of the State of New York. 
 SECTION 8. Incorporation by Reference. Sections 10.06(b), 10.07, 10.09(b),
10.09(c), 10.09(d), 10.10 and 10.11 of the Existing Credit Agreement are hereby incorporated by reference herein, mutatis mutandis. 

[The remainder of this page intentionally left blank.] 

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

					
	SYSCO CORPORATION
		
	        by	 	/s/ Adolfo L. Jimenez
		 	Name:	 	Adolfo L. Jimenez
		 	Title:	 	Vice President and Treasurer

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 
					
	JPMORGAN CHASE BANK, N.A., individually and as the Administrative Agent,
		
	        by	 	/s/ Gregory T. Martin
		 	Name:	 	Gregory T. Martin
		 	Title:	 	Executive Director

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Name of Institution: Bank of America, N.A.
		
	        by	 	/s/ Aron Frey
		 	 Name: Aron Frey
 Title:
Director

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Name of Institution: Goldman Sachs Bank USA,
		
	        by	 	/s/ Jamie Minieri
		 	 Name: Jamie Minieri
 Title: Authorized
Signatory

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Name of Institution: THE TORONTO-DOMINION BANK, NEW YORK BRANCH
		
	        by	 	/s/ Michael Borowiecki
		 	 Name: Michael Borowiecki
 Title: Authorized
Signatory

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	WELLS FARGO BANK, N.A.:
		
	        by	 	/s/ Carl Hinrichs
		 	 Name: Carl Hinrichs
 Title:
Director

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Name of Institution:
	
	 DEUTSCHE BANK AG NEW YORK BRANCH

		
	        by	 	/s/ Ming K. Chu
		 	 Name: Ming K. Chu
 Title:
Director

  

			
	 For any Lender requiring a second signature block:

		
	        by	 	/s/ Annie Chung
		 	 Name: Annie Chung
 Title:
Director

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	HSBC Bank USA, National Association
		
	        By:	 	/s/ Patricia DelGrande
		 	 Name: Patricia DelGrande
 Title: Managing
Director

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Name of Institution: U.S. BANK NATIONAL ASSOCIATION
		
	        By	 	/s/ Steven L. Sawyer
		 	 Name: Steven L. Sawyer
 Title: Senior Vice
President

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Name of Institution:
	
	Banco Santander, S.A., New York Branch
		
	        by	 	/s/ Pablo Urgoiti
		 	 Name: Pablo Urgoiti
 Title: Managing
Director

  

			
	        by	 	/s/ Rita Waltz-Cuccioli
		 	 Name: Rita Waltz-Cuccioli
 Title: Executive
Director

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Name of Institution: TRUIST BANK, formerly known as BRANCH BANKING AND TRUST COMPANY
		
	        by	 	/s/ Sarah Salmon
		 	 Name: Sarah Salmon
 Title: Senior Vice
President

  

			
	For any Lender requiring a second signature block:
		
	        by	 	 
		 	 Name:
 Title:

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	PNC BANK NATIONAL ASSOCIATION:
		
	        by	 	/s/ Andrea Kinnik
		 	 Name: Andrea Kinnik
 Title: Senior Vice
President

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Name of Institution: PNC BANK CANADA BRANCH
		
	        by	 	/s/ David T. Olsen
		 	 Name: David T. Olsen
 Title: Principal
Officer

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Name of Institution: The Northern Trust Company
		
	        by	 	/s/ Keith L. Burson
		 	 Name: Keith L. Burson
 Title: Senior Vice
President

  

			
	For any Lender requiring a second signature block:
		
	        by	 	 
		 	 Name:
 Title:

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Name of Institution: Bank of the West
		
	        By:	 	/s/ R. Blake Beavers
		 	 Name: R. Blake Beavers
 Title:
Director

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Name of Institution: Barclays Bank PLC
		
	        by	 	/s/ Jamie Telkman
		 	 Name: Jamie Telkman
 Title: Transaction
Management

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH
		
	        By	 	/s/ Shane Bownds
		 	 Name: Shane Bownds
 Title: Managing
Director

  

			
	        By	 	/s/ Irene Stephens
		 	 Name: Irene Stephens
 Title: Executive
Director

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Lloyds Bank Corporate Markets plc
		
	        by	 	/s/ Tina Wong
		 	 Name: Tina Wong 

 Title: Assistant Vice
President

  

			
	        by	 	/s/ Kamala Basdeo
		 	Name: Kamala Basdeo 
Title: Assistant Vice President

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Name of Institution: The Bank of Nova Scotia
		
	        By	 	/s/ Frans Braniotis
		 	 Name: Frans Braniotis 

 Title: Managing
Director

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 SIGNATURE PAGE TO 

AMENDMENT NO. 1 TO 
 THE CREDIT
AGREEMENT OF 
 SYSCO CORPORATION 
  

			
	Zions Bancorporation, National Association dba Zions First National Bank
		
	        by	 	/s/ Jennifer Christopulos
		 	 Name: Jennifer Christopulos 

 Title:
Executive Vice President

 [Signature Page to Amendment No. 1 to the Credit Agreement of Sysco Corporation] 

 EXHIBIT A 
  

 
  

CREDIT AGREEMENT 
 dated as of

 June 28, 2019, 
 among

 SYSCO CORPORATION, 
 as Parent
Borrower, 
 SYSCO CANADA, INC. and SYSCO EU II S.À R.L., 

as Subsidiary Borrowers, 
 THE
SUBSIDIARY GUARANTORS PARTY HERETO, 
 THE LENDERS PARTY HERETO, 

THE ISSUING BANKS PARTY HERETO 

and 
 JPMORGAN CHASE BANK, N.A.,

 as Administrative Agent 
 BANK
OF AMERICA, N.A., 
 GOLDMAN SACHS BANK USA, 

THE TORONTO-DOMINION BANK, NEW YORK BRANCH 

and 
 WELLS FARGO BANK, N.A., 

as Syndication Agents 
 JPMORGAN
CHASE BANK, N.A., 
 BofA SECURITIES, INC., 

GOLDMAN SACHS BANK USA, 
 TD
SECURITIES (USA) LLC 
 and 

WELLS FARGO SECURITIES, LLC, 
 as
Joint Bookrunners and Joint Lead Arrangers 
  
  

 

 TABLE OF CONTENTS 

ARTICLE I 
 DEFINITIONS 

 

					
	 SECTION 1.01. Defined Terms
	  	 	1	 
	 SECTION 1.02. Classification of Loans and Borrowings
	  	 	2629	 
	 SECTION 1.03. Terms Generally
	  	 	2629	 
	 SECTION 1.04. Accounting Terms; GAAP
	  	 	2730	 
	 SECTION 1.05. Exchange Rate Determinations
	  	 	2830	 
	 SECTION 1.06. Divisions
	  	 	2831	 
	 SECTION 1.07. Interest Rate; LIBOR Notification
	  	 	2831	 
	 SECTION 1.08. Most Favored Nation Provision
	  	 	31	 
	 SECTION 1.09. Blocking Regulation
	  	 	31	 

 ARTICLE II 

THE CREDITS 
  

					
	 SECTION 2.01. Revolving Commitments
	  	 	2832	 
	 SECTION 2.02. Loans and Borrowings
	  	 	2932	 
	 SECTION 2.03. Requests for Borrowings
	  	 	3033	 
	 SECTION 2.04. Swingline Loans
	  	 	3134	 
	 SECTION 2.05. Letters of Credit
	  	 	3336	 
	 SECTION 2.06. Funding of Borrowings
	  	 	4043	 
	 SECTION 2.07. [Reserved]
	  	 	4044	 
	 SECTION 2.08. Interest Elections
	  	 	4144	 
	 SECTION 2.09. Termination and Reduction of Revolving Commitments
	  	 	4246	 
	 SECTION 2.10. Repayment of Loans; Evidence of Debt
	  	 	4346	 
	 SECTION 2.11. Prepayment of Loans
	  	 	4447	 
	 SECTION 2.12. Fees
	  	 	4448	 
	 SECTION 2.13. Interest
	  	 	4649	 
	 SECTION 2.14. Alternate Rate of Interest
	  	 	4750	 
	 SECTION 2.15. Increased Costs
	  	 	4952	 
	 SECTION 2.16. Break Funding Payments
	  	 	5054	 
	 SECTION 2.17. Taxes
	  	 	5154	 
	 SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of
Set-offs
	  	 	5458	 
	 SECTION 2.19. Mitigation Obligations Replacement of Lenders
	  	 	5660	 
	 SECTION 2.20. Increase in Revolving Commitments
	  	 	5761	 
	 SECTION 2.21. Extension of Maturity Date
	  	 	5962	 
	 SECTION 2.22. Defaulting Lenders
	  	 	6064	 
	 SECTION 2.23. Concerning Subsidiary Borrowers
	  	 	6367	 

  
 i 

 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 
  

					
	 SECTION 3.01. Organization; Powers
	  	 	6468	 
	 SECTION 3.02. Authorization; Enforceability
	  	 	6468	 
	 SECTION 3.03. Governmental Approvals; No Conflicts
	  	 	6568	 
	 SECTION 3.04. Financial Condition; No Material Adverse Change
	  	 	6569	 
	 SECTION 3.05. Properties
	  	 	6569	 
	 SECTION 3.06. Litigation and Environmental Matters
	  	 	6669	 
	 SECTION 3.07. Subsidiaries
	  	 	6670	 
	 SECTION 3.08. Compliance with Laws and Agreements
	  	 	6670	 
	 SECTION 3.09. Investment Company Status
	  	 	6670	 
	 SECTION 3.10. Taxes
	  	 	6770	 
	 SECTION 3.11. ERISA
	  	 	6770	 
	 SECTION 3.12. Accuracy of Information
	  	 	6770	 
	 SECTION 3.13. OFAC; USA Patriot Act
	  	 	6871	 
	 SECTION 3.14.
EEAAffected Financial Institutions
	  	 	6871	 
	 SECTION 3.15. Ranking of Obligations
	  	 	6871	 
	 SECTION 3.16. Proper Form; No Recordation
	  	 	6871	 
	 SECTION 3.17. No Immunity
	  	 	6872	 
	 SECTION 3.18. Centre of Main Interest
	  	 	6872	 

 ARTICLE IV 

CONDITIONS 
  

					
	 SECTION 4.01. Effective Date
	  	 	6972	 
	 SECTION 4.02. Each Credit Event
	  	 	7073	 
		
	ARTICLE V	  			
		
	AFFIRMATIVE COVENANTS	  			
		
	 SECTION 5.01. Financial Statements; Ratings Change and Other Information
	  	 	7074	 
	 SECTION 5.02. Notices of Material Events
	  	 	7276	 
	 SECTION 5.03. Existence; Conduct of Business
	  	 	7276	 
	 SECTION 5.04. Payment of Obligations
	  	 	7376	 
	 SECTION 5.05. Maintenance of Properties; Insurance
	  	 	7376	 
	 SECTION 5.06. Books and Records; Inspection Rights
	  	 	7377	 
	 SECTION 5.07. Compliance with Laws
	  	 	7377	 
	 SECTION 5.08. Use of Proceeds
	  	 	7377	 
	 SECTION 5.09. Subsidiary Guarantors
	  	 	7477	 
		
	ARTICLE VI	  			
		
	NEGATIVE COVENANTS	  			
		
	 SECTION 6.01. Liens
	  	 	7578	 
	 SECTION 6.02. Sale and Leaseback Transactions
	  	 	7780	 
	 SECTION 6.03. Ratio of Consolidated EBITDA to Consolidated Interest Expense
	  	 	7780	 
	 SECTION 6.04. Consolidation, Merger, Acquisition or other Fundamental Changes
	  	 	7781	 
	 SECTION 6.05. Minimum Liquidity
	  	 	82	 
	 SECTION 6.06. Restricted Payments
	  	 	82	 

  
 ii 

					
	ARTICLE VII	  			
		
	EVENTS OF DEFAULT	  			
		
	 SECTION 7.01. Events of Default
	  	 	7883	 
	 SECTION 7.02. Cash Collateral
	  	 	8085	 
		
	ARTICLE VIII	  			
		
	GUARANTEE	  			
		
	 SECTION 8.01. Guarantee of the Obligations
	  	 	8085	 
		
	ARTICLE IX	  			
		
	THE ADMINISTRATIVE AGENT	  			
		
	ARTICLE X	  			
		
	MISCELLANEOUS	  			
		
	 SECTION 10.01. Notices
	  	 	8895	 
	 SECTION 10.02. Waivers; Amendments
	  	 	9095	 
	 SECTION 10.03. Expenses; Indemnity; Damage Waiver
	  	 	9196	 
	 SECTION 10.04. Successors and Assigns
	  	 	9398	 
	 SECTION 10.05. Survival
	  	 	97102	 
	 SECTION 10.06. Counterparts; Integration; Effectiveness; Electronic Execution
	  	 	98103	 
	 SECTION 10.07. Severability
	  	 	99104	 
	 SECTION 10.08. Right of Setoff
	  	 	99104	 
	 SECTION 10.09. Governing Law; Jurisdiction; Consent to Service of Process
	  	 	99104	 
	 SECTION 10.10. WAIVER OF JURY TRIAL
	  	 	100105	 
	 SECTION 10.11. Headings
	  	 	101106	 
	 SECTION 10.12. Confidentiality
	  	 	101106	 
	 SECTION 10.13. Interest Rate Limitation
	  	 	101107	 
	 SECTION 10.14. Conversion of Currencies
	  	 	102107	 
	 SECTION 10.15. Material Non-Public Information
	  	 	102107	 
	 SECTION 10.16. Certain Notices
	  	 	103108	 
	 SECTION 10.17. Independence of Covenants
	  	 	103108	 
	 SECTION 10.18. No Advisory or Fiduciary Responsibility
	  	 	103108	 
	 SECTION 10.19. Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions
	  	 	104109	 
	 SECTION 10.20. Waiver of Notice of Termination Under Existing Credit Agreement
	  	 	104109	 

  
 iii 

 SCHEDULES: 

Schedule 1.01 — Existing Letters of Credit 
 Schedule 2.01
— Revolving Commitments 
 Schedule 2.04 — Swingline Commitments 

Schedule 2.05 — LC Commitments 
 Schedule 3.07 —
Subsidiaries 
 EXHIBITS: 
 Exhibit A – Form of
Assignment and Assumption 
 Exhibit B – Form of Borrowing Request 

Exhibit C – Form of Interest Election Request 
 Exhibit D
– Form of Joinder 
 Exhibit E – Form of Letter of Credit Request 

Exhibit F – Forms of U.S. Tax Compliance Certificates 

Exhibit G – Form of Subsidiary Borrower Termination 
  

  
 iv 

 CREDIT AGREEMENT dated as of June 28, 2019, among SYSCO CORPORATION, a Delaware
corporation, SYSCO CANADA, INC., a corporation incorporated under the laws of Canada, SYSCO EU II S.À R.L., a private limited liability company incorporated under the laws of the Grand-Duchy of Luxembourg, the SUBSIDIARY GUARANTORS party
hereto, the LENDERS party hereto, the ISSUING BANKS party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent. 
 For and in
consideration of the premises and the promises herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by each party hereto, the parties hereto agree as follows: 

ARTICLE I 

DEFINITIONS 

SECTION 1.01. Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“364-Day Credit Agreement” means the Credit Agreement dated as of May 20, 2020, among the Parent Borrower, the subsidiary guarantors party thereto, the lenders party thereto and Bank of America, N.A.,
as administrative agent, or any credit agreement of the Parent Borrower that refinances or, during the Covenant Modification Amendment Period, replaces such agreement. 

“ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan is, or the Loans comprising such
Borrowing are, bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “Acquisition” has the
meaning assigned to such term in Section 6.04. 
 “Adjusted LIBO Rate” means, with respect to any
Eurocurrency Borrowing denominated in US Dollars for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the
Statutory Reserve Rate. 
 “Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as administrative agent
for the Lenders and the Issuing Banks hereunder, and any successor thereto appointed pursuant to Article IX. Unless the context requires otherwise, the term “Administrative Agent” shall include any Affiliate of JPMorgan Chase Bank,
N.A. through which it shall perform any of its obligations in such capacity hereunder. 
 “Administrative Questionnaire”
means an Administrative Questionnaire in a form supplied by the Administrative Agent. 
 “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial
Institution. 

  
 1 

 “Affiliate” means, with respect to a specified Person, another Person that
directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Agent Party” has the meaning set forth in Section 10.01(d). 

“Aggregate Global Tranche Revolving Commitments” means, at any time, the sum of the Global Tranche Revolving Commitments in
effect at such time. 
 “Aggregate Global Tranche Revolving Credit Exposure” means, at any time, the aggregate amount of
(a) the sum of the US Dollar Equivalents of the outstanding principal amount of all the Global Tranche Revolving Loans at such time, (b) the total LC Exposure at such time and (c) the total Swingline Exposure at such time. 

“Aggregate US Tranche Revolving Commitments” means, at any time, the sum of the US Tranche Revolving Commitments in
effect at such time. 
 “Aggregate US Tranche Revolving Credit Exposure” means, at any time, the aggregate
outstanding principal amount of all the US Tranche Revolving Loans at such time. 
 “Agreement” means this Credit
Agreement, as supplemented by the Joinders and as otherwise amended or modified from time to time. 
 “Agreement Currency”
has the meaning set forth in Section 10.14(b). 
 “Alternate Base Rate” means, for any day, a
rate per annum equal to the highest of (a) the Prime Rate in effect on such day, (b) the NYFRB Rate in effect on such day plus 1⁄2 of 1% per annum and
(c) the Adjusted LIBO Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1% per annum. For purposes of clause (c) above, the Adjusted LIBO Rate on any day shall be based on the Screen Rate
at approximately 11:00 a.m., London time, on such day for deposits in US Dollars with a maturity of one month (or, if the Screen Rate is not available for a maturity of one month with respect to US Dollars but is available for periods both longer
and shorter than such period, the Interpolated Screen Rate as of such time); provided that if such rate shall be
less than 0.75% per annum, such rate shall be deemed to be 0.75% per annum. Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate shall be effective from and including the
effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate, respectively. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to Section 2.14, then for purposes
of clause (c) above the Adjusted LIBO Rate shall be deemed to be zero0.75% per annum. 
 “Amendment No. 1” means Amendment No. 1 dated as of May 20, 2020, to this Agreement. 

“Amendment No. 1 Effective Date” has the meaning assigned to
such term in Amendment No. 1. 
 “Applicable Creditor” has the meaning set forth in
Section 10.14(b). 

  
 2 

 “Applicable Rate” means, for any day, with respect to interest on any Loan
or with respect to the facility fees payable hereunder, the applicable rate per annum set forth in the table below under the applicable caption based upon the ratings by S&P and Moody’s, respectively, applicable on such date to the Index
Debt: 
  

													
	 Index Debt Ratings
	  	Facility
Fee Rate	 	 	Applicable Rate for
Eurocurrency Loans
and Swingline Loans	 	 	Applicable Rate
for ABR Loans	 
	 Category 1

        A+ or higher by S&P

        A1 or higher by Moody’s
	  	 	0.05	% 	 	 	0.70	% 	 	 	0.00	% 
	 Category 2

        A by S&P

        A2 by Moody’s
	  	 	0.07	% 	 	 	0.805	% 	 	 	0.00	% 
	 Category 3

        A- by S&P

        A3 by Moody’s
	  	 	0.085	% 	 	 	0.915	% 	 	 	0.00	% 
	 Category 4

        BBB+ by S&P

        Baa1 by Moody’s
	  	 	0.10	% 	 	 	1.025	% 	 	 	0.025	% 
	 Category 5

        BBB or lower by
S&P
         Baa2 or lower
by Moody’s
	  	 	0.125	% 	 	 	1.125	% 	 	 	0.125	% 
	 Category 6

        BBB-
by S&P
         Baa3 by
Moody’s
	  	 	0.20	% 	 	 	1.550	% 	 	 	0.550	% 
	 Category 7

        BB+ by S&P and Baa3 or higher by
Moody’s

        or

        Ba1 by Moody’s and BBB- or higher by S&P
	  	 	0.275	% 	 	 	1.725	% 	 	 	0.725	% 
	 Category 8

        Below
BBB- by S&P and Category 7 does not apply

        or

        Below Baa3 by Moody’s and Category 7
does not apply
	  	 	0.35	% 	 	 	2.150	% 	 	 	1.150	% 

  
 3 

 For purposes of the foregoing,
(i)(A) if only one of Moody’s or S&P shall have in effect a rating for the Index Debt, then that single rating shall be determinative, provided that this clause (A) shall not apply to the availability of Category 7 and (B) if neither Moody’s nor S&P shall have in effect a rating for the Index Debt (other than by reason of the
circumstances referred to in the last sentence of this paragraph), then the Applicable Rate shall be based on Category 8; (ii) if the ratings established by
Moody’s and S&P for the Index Debt shall fall within different Categories, (A) if both such ratings fall within Category 6 or a numerically lower Category,
then the Applicable Rate shall be based on the higher of the two ratings (i.e., that appearing in the
numerically lower Category), unless one of the two ratings is two or more Categories lower than the other, in which case the Applicable Rate shall be determined by reference to the Category next below that of the higher of the two ratings and (B) if one such rating falls below Category 6, then the Applicable Rate shall be based on Category 7 or 8, whichever is applicable; and (iii) if the ratings established
by Moody’s and S&P for the Index Debt shall be changed (other than as a result of a change in the rating system of Moody’s or S&P), such change shall be effective as of the date on which it is first announced by the applicable
rating agency, irrespective of when notice of such change shall have been furnished by the Parent Borrower to the Administrative Agent and the Lenders. Each change in the Applicable Rate shall apply during the period commencing on the effective date
of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of Moody’s or S&P shall change, or if both such rating agencies shall cease to be in the business of rating
corporate debt obligations, the Parent Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating agencies and, pending the effectiveness of
any such amendment, the Applicable Rate shall be determined by reference to the rating most recently in effect prior to such change or cessation. 

“Arrangers” means JPMorgan Chase Bank, N.A., BofA Securities, Inc., Goldman Sachs Bank USA, TD Securities (USA) LLC and Wells
Fargo Securities, LLC, in their capacity as joint bookrunners and joint lead arrangers with respect to the credit facility established hereunder. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of
any party whose consent is required by Section 10.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent. 

“Augmenting Lender” has the meaning assigned to such term in Section 2.20(a). 

“Availability Period” means the period from and including the Effective Date to but excluding the earlier of the Maturity
Date and the date of termination of the Commitments. 
 “Bail-In Action” means the
exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any
liability of an
EEAAffected Financial
Institution. 
 “Bail-In Legislation” means, (a) with respect to
any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation rule or
requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and
 

  
 4 

 
(b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other
law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency
proceedings). 
 “Bankruptcy Event” means, with respect to any Person, that such Person becomes the subject
of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it,
or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall
not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority, provided, further, that such ownership interest does not result in or provide such Person
with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any
contracts or agreements made by such Person. 
 “Beneficial Ownership Certification” means a certification regarding
beneficial ownership or control as required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation”
means 31 C.F.R. § 1010.230. 
 “Benefit Plan” means (a) an “employee benefit plan” (as defined in
ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of
Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Borrowers” means the Parent Borrower and the Subsidiary Borrowers. 

“Borrowing” means (a) Revolving Loans of the same Class, Type and currency made, converted or continued on the same date
to the same Borrower and, in the case of Eurocurrency Loans, as to which a single Interest Period is in effect or (b) a Swingline Loan or Swingline Loans made on the same date and to the same Borrower. 

“Borrowing Minimum” means (a) with respect to a Revolving Borrowing, (i) in the case of a Revolving Borrowing
denominated in US Dollars, US$20,000,000, (ii) in the case of a Revolving Borrowing denominated in Euros, €20,000,000, (iii) in the case of a Revolving Borrowing denominated in Sterling, £20,000,000 and (iv) in the case of a
Revolving Borrowing denominated in Canadian Dollars, C$20,000,000, and (b) with respect to a Swingline Borrowing, €5,000,000. 

  
 5 

 “Borrowing Multiple” means (a) with respect to a Revolving Borrowing,
(i) in the case of a Revolving Borrowing denominated in US Dollars, US$5,000,000, (ii) in the case of a Revolving Borrowing denominated in Euros, €5,000,000, (iii) in the case of a Revolving Borrowing denominated in Sterling,
£5,000,000 and (iv) in the case of a Revolving Borrowing denominated in Canadian Dollars, C$5,000,000, and (b) with respect to a Swingline Borrowing, €1,000,000. 

“Borrowing Request” means a request by or on behalf of any Borrower for a Revolving Borrowing in accordance with
Section 2.03 or a Swingline Borrowing in accordance with Section 2.04, which, if in writing, shall be substantially in the form of Exhibit B or any other form that is reasonably
acceptable to the Administrative Agent. 
 “Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks in New York City are authorized or required by law to remain closed; provided that (a) when used in connection with a LIBOR Loan denominated in any currency, the term “Business Day” shall also exclude any
day on which banks are not open for dealings in deposits for such currency in the London interbank market, (b) when used in connection with a EURIBOR Loan, the term “Business Day” shall also exclude any day that is not a TARGET
Operating Day, (c) when used in connection with a CDOR Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in deposits in Canadian Dollars in Toronto and (d) when used in connection
with a Loan to any Subsidiary Borrower, the term “Business Day” shall also exclude any day on which commercial banks in the jurisdiction of organization of such Subsidiary Borrower are authorized or required by law to remain closed. 

“Canadian Dollars” or “C$” means the lawful currency of Canada. 

“Canadian Prime Rate” means, for any day, the rate of interest per annum equal to the greater of (a) the PRIMCAN Index
rate that appears on the Bloomberg screen (or, in the event that the PRIMCAN Index is not published by Bloomberg, any other information service that publishes such index from time to time, as selected by the Administrative Agent in its reasonable
discretion) at approximately 10:15 a.m., Toronto time, on such day and (b) the interest rate per annum equal to the sum of (i) the CDO Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day) for a
deposit in Canadian Dollars with a maturity of 30 days and (ii) 1.00% per annum. For purposes of clause (b) above, the CDO Rate on any day shall be based on the Screen Rate at approximately 10:15 a.m., Toronto time, on such day for deposits in
Canadian Dollars with a maturity of 30 days (or, if the Screen Rate is not available for such maturity of 30 days with respect to Canadian Dollars but is available for periods both longer and shorter than such period, the Interpolated Screen Rate as
of such time); provided that if such rate shall be less than zero0.75% per annum, such rate shall be deemed to be zero0.75% per annum. Any change in the Canadian Prime Rate due to a change in the PRIMCAN Index or the CDO Rate shall be effective from
and including the effective date of such change in the PRIMCAN Index or CDO Rate, as the case may be. If the rate referred to in clause (b)(i) above may not be determined, then for purposes of clause (b)(i) above the applicable CDO Rate shall be
deemed to be zero0.75% per
annum. 
 “Canadian Subsidiary Borrower” means Sysco Canada, Inc., a corporation incorporated under
the laws of Canada. 

  
 6 

 “Capital Lease” means any lease (or other arrangement conveying the right
to use) in respect of which the lessee’s obligations constitute Capital Lease Obligations. 
 “Capital Lease
Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are
required to be classified and accounted for as capital leases or finance leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

“CDO Rate” means, with respect to any CDOR Borrowing for any Interest Period, the applicable Screen Rate as of the Specified
Time on the Quotation Day. 
 “CDOR”, when used in reference to any Loan or Borrowing, refers to whether such Loan is, or
the Loans comprising such Borrowing are, bearing interest at a rate determined by reference to the CDO Rate. 
 “Change in
Law” means the occurrence, after the Effective Date, of any of the following: (a) the adoption or taking into effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the
administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental
Authority; provided, however, that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in
connection therewith and (y) all requests, rules, regulations, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Regulations and Supervisory Practices (or any successor or similar
authority) or any Governmental Authority with respect to the implementation of the Basel III Accord shall, in each case, be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 

“Charges” has the meaning set forth in Section 10.13. 

“Class”, when used in reference to (a) any Revolving Loan or Revolving Borrowing, refers to whether such Loan, or the
Loans comprising such Borrowing, are Global Tranche Revolving Loans or US Tranche Revolving Loans, (b) any Revolving Commitment, refers to whether such Revolving Commitment is a Global Tranche Revolving Commitment or a US Tranche Revolving
Commitment, (c) any Revolving Credit Exposure, refers to whether such Revolving Credit Exposure is Global Tranche Revolving Credit Exposure or US Tranche Revolving Credit Exposure and (d) any Lender, refers to whether such Lender is a
Global Tranche Lender or a US Tranche Lender. It is understood that (i) Global Tranche Revolving Loans, Global Tranche Revolving Commitments, Swingline Loans, Letters of Credit, Global Tranche Revolving Credit Exposure and Global Tranche
Lenders are of the same Class and (ii) US Tranche Revolving Loans, US Tranche Revolving Commitments, US Tranche Revolving Credit Exposure and US Tranche Lenders are of the same Class. 

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

  
 7 

 “Commercial Paper”
means (a) Indebtedness outstanding under the Issuing and Payment Agent Agreement dated as of October 31, 2014, between the Parent Borrower, as issuer, and U.S. Bank, National Association, as issuing and paying agent, and
(b) Indebtedness represented by commercial paper issued by the Parent Borrower or any of its Subsidiaries under any other agreement, provided that, in the case of clause (b), such commercial
paper is “backstopped” by this Agreement or the 364-Day Credit Agreement. 

“Commitment Increase” has the meaning assigned to such term in Section 2.20(b). 

“Communications” means, collectively, any notice, demand, communication, information, document or other material provided by
or on behalf of any Borrower or Subsidiary Guarantor pursuant to this Agreement or the transactions contemplated herein which is distributed by the Administrative Agent, any Lender or any Issuing Bank by means of electronic communications, including
through an Electronic System. 
 “Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by
net income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “consolidated” refers to the
consolidation of the accounts of the Parent Borrower and its Subsidiaries in accordance with GAAP. 
 “Consolidated EBITDA”
means, for any period, the sum of the following determined on a consolidated basis, without duplication, for the Parent Borrower and its Subsidiaries in accordance with GAAP: (a) Consolidated Net Income for such period plus (b) the
sum of the following, without duplication, to the extent deducted in the determination of Consolidated Net Income for such period: (i) Consolidated Interest Expense, (ii) income tax expense, (iii) depreciation and amortization
expense, (iv) extraordinary and non-recurring charges and (v) other non-cash charges (including, without limitation, impairment charges and non-cash operating costs), less (c) the sum of the following, without duplication, to the extent included in the determination of Consolidated Net Income for such period: (i) interest income,
(ii) extraordinary and non-recurring income and (iii) other non-cash income. 

“Consolidated Interest Expense” means, for any period, determined on a consolidated basis for the Parent Borrower and
its Subsidiaries in accordance with GAAP, interest expense (including, without limitation, interest expense attributable to Capital Lease Obligations and all net payment obligations pursuant to Swap Agreements) for such period. 

“Consolidated Net Income” means, for any period, the net income of the Parent Borrower and the Subsidiaries on a consolidated
basis for such period, determined in accordance with GAAP. 
 “Control” means the possession, directly or indirectly, of
the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings
correlative thereto. 

  
 8 

 “Covenant Modification
Period” means the period commencing on the Amendment No. 1 Effective Date and ending immediately prior to the last day of the fiscal quarter of the Parent Borrower ending on or about September 30, 2022; provided that if the Parent
Borrower shall have delivered to the Administrative Agent a written notice of its desire to terminate the Covenant Modification Period as of an earlier date, together with a certificate of a Responsible Officer of the Parent Borrower certifying that
the ratio of Consolidated EBITDA to Consolidated Interest Expense, in each case, measured for the period of four consecutive fiscal quarters ended with the most recent fiscal quarter of the Parent Borrower ended on or prior to such earlier date, was
not less than 4.00 to 1.00, then the Covenant Modification Period shall terminate on such earlier date. 
 “Credit
Party” means the Administrative Agent, any Issuing Bank, each Swingline Lender or any other Lender. 
 “Default”
means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. 

“Defaulting Lender” means any Lender that (a) has failed, within two Business Days of the date required to be funded or
paid, (i) to fund any portion of its Loans, (ii) in the case of any Lender that is a Global Tranche Lender, to fund any portion of its participations in Letters of Credit or Swingline Loans or (iii) to pay over to any Credit Party any
other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition
precedent to funding (specifically identified and including the particular Default, if any) has not been satisfied, (b) has notified the Parent Borrower or any Credit Party in writing, or has made a public statement to the effect, that it does
not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent
(specifically identified and including the particular Default, if any) to funding a Loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three Business
Days after request by a Credit Party, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations (and is financially able to meet such obligations) to fund
prospective Loans and, in the case of a Global Tranche Lender, participations in then outstanding Letters of Credit and Swingline Loans under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this
clause (c) upon such Credit Party’s receipt of such certification in form and substance satisfactory to it and the Administrative Agent (a copy of which shall promptly be shared with the Parent Borrower), or (d) has become the subject
of (i) a Bankruptcy Event or (ii) a Bail-In Action. 
 “EEA Financial
Institution” means (a) any credit institution or investment firm established
in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or
(c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition
and is subject to consolidated supervision with its parent. 

  
 9 

 “EEA Member Country” means any of the member states of the European Union,
Iceland, Liechtenstein and Norway. 
 “EEA Resolution Authority” means any public administrative authority or any Person
entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” means the date on which the conditions specified in Section 4.01 are satisfied (or
waived in accordance with Section 10.02), which date is the first date appearing above. 
 “Electronic
Signature” means an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record. 

“Electronic System” means any electronic system, including e-mail, e-fax, Intralinks®, ClearPar®, DebtDomain, SyndTrak and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by the Administrative Agent or any of its
Related Parties or any other Person, providing for access to data protected by passcodes or other security system. 
 “EMU
Legislation” means the legislative measures of the European Union for the introduction of, changeover to or operation of the Euro in one or more member states. 

“Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices
or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, release or threatened release of any Hazardous
Material or to health and safety matters. 
 “Environmental Liability” means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines, penalties or indemnities) directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling,
transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement
or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Equity
Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights
entitling the holder thereof to purchase or acquire any such equity interest; provided that Indebtedness that is convertible into any such Equity Interests shall not, prior to the conversion thereof, constitute an Equity Interest. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

  
 10 

 “ERISA Affiliate” means any trade or business (whether or not incorporated)
that, together with the Parent Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under
Section 414 of the Code. 
 “ERISA Event” means (a) any “reportable event”, as defined in
Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30 day notice period is waived); (b) the existence with respect to any Plan of any unpaid “minimum required
contribution” (as defined in Section 430 of the Code or Section 303 of ERISA), whether or not waived, or with respect to a Multiemployer Plan, any “accumulated funding deficiency” (as defined in Section 431 of the Code
or Section 304 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan;
(d) the incurrence by the Borrowers or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Borrowers or any ERISA Affiliate from the PBGC or a plan administrator
of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Borrowers or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial
withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Borrowers or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Parent Borrower or any ERISA Affiliate of any notice, concerning the
imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent, within the meaning of Title IV of ERISA. 

“EU Bail-In Legislation Schedule” means the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“EURIBO Rate” means, with respect to any EURIBOR Borrowing for any Interest Period, the applicable Screen Rate as of the
Specified Time on the Quotation Day. 
 “EURIBOR”, when used in reference to any Loan or Borrowing, refers to whether such
Loan is, or the Loans comprising such Borrowing are, bearing interest at a rate determined by reference to the EURIBO Rate. 

“Euro” or “€” means the single currency of the European Union as constituted by the Treaty on European
Union and as referred to in the EMU Legislation. 
 “Eurocurrency”, when used in reference to any Loan or Borrowing, refers
to whether such Loan is, or the Loans comprising such Borrowing are, bearing interest at a rate determined by reference to the Adjusted LIBO Rate, the LIBO Rate, the EURIBO Rate or the CDO Rate. 

“Event of Default” has the meaning assigned to such term in Section 7.01. 

“Exchange Act” means the United States Securities Exchange Act of 1934, as amended, and the regulations promulgated
thereunder. 

  
 11 

 “Exchange Rate” means, on any day, for purposes of determining the
US Dollar Equivalent of any Foreign Currency, the rate at which such Foreign Currency may be exchanged into US Dollars on such day as last provided (either by publication or as may otherwise be provided to the Administrative Agent) by the
applicable Reuters source on the Business Day (determined based on New York City time) immediately preceding such day of determination (or, if a Reuters source ceases to be available or Reuters ceases to provide such rate of exchange, as last
provided by such other publicly available information service that provides such rate of exchange at such time as shall be selected by the Administrative Agent from time to time in its reasonable discretion). Notwithstanding the foregoing provisions
of this definition or the definition of the term “US Dollar Equivalent”, each Issuing Bank may, solely for purposes of computing the fronting fees owed to it under Section 2.12(b), compute the Exchange Rate
for purposes of determining the LC Exposure attributable to any Letter of Credit issued by it that is denominated in a Foreign Currency by reference to exchange rates determined using any reasonable method customarily employed by it for such
purpose. 
 “Exchange Rate Date” means (a) with respect to any Loan denominated in any Foreign Currency, each of
(i) the date of the commencement of the initial Interest Period therefor (or, in the case of a Swingline Loan, the date on which such Swingline Loan is made) and (ii) the date of the commencement of each subsequent Interest Period
therefor, (b) with respect to any Letter of Credit denominated in a Foreign Currency, each of (i) the date on which such Letter of Credit is issued, (ii) the first Business Day of each calendar month commencing after the date of
issuance of such Letter of Credit and (iii) the date of any amendment of such Letter of Credit that has the effect of increasing the amount thereof and (c) if an Event of Default has occurred and is continuing, any Business Day designated
as an Exchange Rate Date by the Administrative Agent in its sole discretion. 
 “Excluded Taxes” means any of the following
Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on (or measured by) net income (however denominated) franchise Taxes, and branch profits Taxes, in each
case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political
subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal or Canadian withholding Taxes imposed on amounts payable or credited to or for the account of such Lender with respect to an applicable
interest in a Loan or Revolving Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in such Loan or Revolving Commitment (other than pursuant to an assignment request by the Parent Borrower under
Section 2.19) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.17, amounts with respect to such Taxes were payable either to such
Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with
Section 2.17(f) and (d) any Taxes imposed under FATCA. 
 “Existing Credit Agreement” means
the Credit Agreement dated as of November 2, 2016, among the Parent Borrower, the lenders party thereto, the guarantors party thereto and JPMorgan Chase Bank, N.A., as administrative agent, as the same has been amended or otherwise supplemented
to the date hereof. 

  
 12 

 “Existing Letters of Credit” means those letters of credit described on
Schedule 1.01. 
 “Existing Maturity Date” has the meaning set forth in Section 2.21. 

“Extending Lender” has the meaning set forth in Section 2.21. 

“Extension” has the meaning set forth in Section 2.21. 

“Extension Closing Date” has the meaning set forth in Section 2.21. 

“Extension Notice” has the meaning set forth in Section 2.21. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version
that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b)(1) of the Code and any
intergovernmental agreement, treaty or convention entered into in connection with the implementation of such Sections of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any such intergovernmental agreement,
treaty or convention. 
 “Federal Funds Effective Rate” means, for any day, the rate calculated by the NYFRB based on such
day’s federal funds transactions by depository institutions (as determined in such manner as the NYFRB shall set forth on its public website from time to time) and published on the next succeeding Business Day by the NYFRB as the federal funds
effective rate; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement. 

“Financial Officer” means, with respect to any Person, the chief financial officer, principal accounting officer, treasurer,
assistant treasurer or controller of such Person. 
 “Foreign Currency” means Canadian Dollars, Euro and Sterling. 

“Foreign Currency Overnight Rate” means (a) with respect to any Swingline Loan or any LC Disbursement denominated in any
Foreign Currency (other than Canadian Dollars), a rate per annum equal to the London interbank offered rate as administrated by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for overnight deposits
in such Foreign Currency as displayed on the applicable Reuters screen page (currently LIBOR01 or LIBOR02) (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate page of such other information service that
publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion) at approximately 11:00 a.m., London time, on such day and (b) with respect to any LC Disbursement denominated in Canadian
Dollars, a rate per annum equal to the Canadian Prime Rate; provided that, in each case, if such rate shall be less than zero0.75% per annum, such rate shall be deemed to be zero0.75% per annum for all purposes of this Agreement. 

“Foreign Lender” means any Lender that is not a U.S. Person. 

  
 13 

 “GAAP” means generally accepted accounting principles in the United States
of America, as in effect, subject to Section 1.04, from time to time. 
 “Global Tranche Lender”
means a Lender with a Global Tranche Revolving Commitment or a Global Tranche Revolving Credit Exposure. 
 “Global Tranche
Percentage” means, with respect to any Global Tranche Lender at any time, the percentage of the Aggregate Global Tranche Revolving Commitments represented by such Global Tranche Lender’s Global Tranche Revolving Commitment at such
time; provided that, for purposes of Section 2.22 when a Defaulting Lender that is a Global Tranche Lender shall exist, the term “Global Tranche Percentage” shall mean, with respect to any Global Tranche
Lender at any such time, the percentage of the Aggregate Global Tranche Revolving Commitments (disregarding such Defaulting Lender’s Global Tranche Revolving Commitment) represented by such Lender’s Global Tranche Revolving Commitment at
such time. If the Global Tranche Revolving Commitments have terminated or expired, the Global Tranche Percentages shall be determined based upon the Global Tranche Revolving Commitments most recently in effect, giving effect to any assignments and
to any Global Tranche Lender’s status as a Defaulting Lender at the time of determination. 
 “Global Tranche Revolving
Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Global Tranche Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount
representing the maximum aggregate amount of such Lender’s Global Tranche Revolving Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09, (b) increased from
time to time pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each
Lender’s Global Tranche Revolving Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption or the Incremental Commitments Agreement pursuant to which such Lender shall have assumed or provided its Global Tranche
Revolving Commitment, as applicable. As of the Effective Date, the aggregate amount of the Global Tranche Revolving Commitments is US$1,705,000,000. 

“Global Tranche Revolving Credit Exposure” means, with respect to any Lender at any time, the aggregate amount of
(a) the sum of the US Dollar Equivalents of the principal amounts of such Lender’s outstanding Global Tranche Revolving Loans at such time, (b) such Lender’s LC Exposure at such time and (c) such Lender’s Swingline
Exposure at such time. 
 “Global Tranche Revolving Loans” means Loans made by the Lenders pursuant to
Section 2.01(a). 
 “Governmental Approval” means (a) any authorization, consent, approval,
license, waiver, ruling, permit, tariff, rate, certification, exemption, filing, variance, claim, order, judgment, decree, sanction or publication of, by or with; (b) any notice to; (c) any declaration of or with; or (d) any
registration by or with, or any other action or deemed action by or on behalf of, any Governmental Authority. 

  
 14 

 “Governmental Authority” means the government of the United States of
America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank) and any group or body charged with setting financial accounting or regulatory capital
rules or standards (including, without limitation, the Financial Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor or similar authority to any of the foregoing). 

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the
payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to
support such Indebtedness or obligation; provided, that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. 

“Guarantors” means the Parent Borrower, in its capacity as a provider of a Guarantee created under Article VIII, and
the Subsidiary Guarantors. 
 “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes
of any nature regulated pursuant to any Environmental Law. 
 “Increase Effective Date” has the meaning assigned to such
term in Section 2.20(b). 
 “Increasing Lender” has the meaning assigned to such term in
Section 2.20(a). 
 “Incremental Commitments Agreement” has the meaning assigned to such term in
Section 2.20(b). 
 “Indebtedness” of any Person means, without duplication, (a) all
obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements
relating to property acquired by such Person, (d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding current accounts payable or accrued liabilities, incurred or accrued in the ordinary
course of business), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing 

  
 15 

 
right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees
by such Person of Indebtedness of others and (g) all Capital Lease Obligations of such Person. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general
partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable
therefor. 
 “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment
made by or on account of any obligation of any Borrower or Subsidiary Guarantor under this Agreement and (b) to the extent not otherwise described in clause (a) above, Other Taxes. 

“Indemnitee” has the meaning set forth in Section 10.03(b). 

“Index Debt” means senior, unsecured, long-term indebtedness for borrowed money of the Parent Borrower that is not guaranteed
by any other Person or subject to any other credit enhancement. 
 “Interest Election Request” means a request by or on
behalf of any Borrower to convert or continue a Revolving Borrowing in accordance with Section 2.08, which, if in writing, shall be substantially in the form of Exhibit C or any other form that is reasonably
acceptable to the Administrative Agent. 
 “Interest Payment Date” means (a) with respect to any ABR Loan, the last
day of each March, June, September and December, (b) with respect to any Eurocurrency Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurocurrency Borrowing with an
Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period and (c) with respect to any
Swingline Loan, the day that the outstanding principal amount of such Loan is required to be repaid pursuant to this Agreement. 

“Interest Period” means with respect to any Eurocurrency Borrowing, the period commencing on the date of such Borrowing and
ending on the numerically corresponding day in the calendar month that is one, two (other than in the case of a EURIBOR Borrowing), three or six months (or, with the consent of each Lender participating in such Borrowing, twelve months) thereafter,
as the applicable Borrower (or the Parent Borrower on its behalf) may elect; provided that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business
Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (b) any Interest Period that commences on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date
of a Eurocurrency Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

  
 16 

 “Interpolated Screen Rate” means, with respect to Eurocurrency Loans for
any Interest Period or clause (c) of the definition of the term Alternate Base Rate, the rate per annum (rounded to the same number of decimal places as the applicable Screen Rate) determined by the Administrative Agent (which determination
shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between (a) the applicable Screen Rate for the longest period for which a Screen Rate is available that is shorter
than the applicable period and (b) the applicable Screen Rate for the shortest period for which a Screen Rate is available that is longer than the applicable period, in each case as of the time the Interpolated Screen Rate is otherwise required
to be determined in accordance with the this Agreement; provided that the Interpolated Screen Rate shall in no event be less than zero0.75% per annum. 
 “IRS” means the United States
Internal Revenue Service. 
 “ISP” means, with respect to any Letter of Credit, the “International Standby Practices
1998” published by the Institution of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance). 

“Issuing Bank” means (a) each of JPMorgan Chase Bank, N.A., Bank of America, N.A., Goldman Sachs Bank USA, The
Toronto-Dominion Bank, New York Branch and Wells Fargo Bank, N.A., (b) any Person that is the issuer of any Existing Letter of Credit, it being understood that, unless such Person constitutes an Issuing Bank under clause (a) or (c) of this
definition, such Person shall have obligations of an Issuing Bank hereunder solely with respect to any Existing Letters of Credit issued by it, and (c) each Person that becomes an “Issuing Bank” pursuant to
Section 2.05(i), in each case under clauses (a) through (c) above, other than any such Person that shall have ceased to be an Issuing Bank as provided in
Section 2.05(i). Any Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall
include any such Affiliate with respect to Letters of Credit issued by such Affiliate (it being agreed that such Issuing Bank shall cause such Affiliate to comply with the requirements of Section 2.05 with respect to such
Letters of Credit). 
 “Joinder” means an agreement in the form of Exhibit D executed pursuant to
Section 5.09(b). 
 “Judgment Currency” has the meaning set forth in
Section 10.14(b). 
 “LC Commitment” means, with respect to any Issuing Bank, the maximum
permitted amount of the LC Exposure that may be attributable to Letters of Credit issued by such Issuing Bank. The initial amount of each Issuing Bank’s LC Commitment is set forth on Schedule 2.05 or, in the case of any Issuing Bank that
becomes such pursuant to Section 2.05(i), in the applicable written agreement referred to in such Section. The LC Commitment of any Issuing Bank may be increased or reduced by written agreement between such
Issuing Bank and the Parent Borrower, provided that a copy of such written agreement shall have been delivered to the Administrative Agent. 

  
 17 

 “LC Disbursement” means a payment made by an Issuing Bank pursuant to a
Letter of Credit. The amount of any LC Disbursement made by an Issuing Bank in a Foreign Currency and not reimbursed by or on behalf of the applicable Borrower shall be determined as set forth in Section 2.05(e) or
2.05(m), as applicable. 
 “LC Exchange Rate” means, on any day, for purposes of determining the US Dollar
Equivalent of any Foreign Currency, the rate at which US Dollars may be exchanged into such Foreign Currency on such day as last provided (either by publication or as may otherwise be provided to the Administrative Agent) by the applicable Reuters
source on the Business Day (determined based on New York City time) immediately preceding such day of determination (or, if a Reuters source ceases to be available or Reuters ceases to provide such rate of exchange, as last provided by such other
publicly available information service that provides such rate of exchange at such time as shall be selected by the Administrative Agent from time to time in its reasonable discretion). 

“LC Exposure” means, at any time, (a) the sum of the US Dollar Equivalents of the undrawn amounts of all
outstanding Letters of Credit at such time plus (b) the sum of the US Dollar Equivalents of the amounts of all LC Disbursements that have not yet been reimbursed by or on behalf of the applicable Borrowers at such time. The LC Exposure of
any Lender at any time shall be its Global Tranche Percentage of the total LC Exposure at such time, adjusted to give effect to any reallocation under Section 2.22 of the LC Exposure of the Defaulting Lenders in effect at
such time. 
 “LC Participation Calculation Date” means, with respect to any LC Disbursement made by any Issuing Bank or
any refund of a reimbursement payment made by any Issuing Bank to any Borrower, in each case in a Foreign Currency, (a) the date on which such Issuing Bank shall advise the Administrative Agent that it purchased with US Dollars the Foreign
Currency used to make such LC Disbursement or refund or (b) if such Issuing Bank shall not advise the Administrative Agent that it made such a purchase, the date on which such LC Disbursement or refund is made. 

“Lenders” means the Persons listed on Schedule 2.01 and any Person that has become a party hereto pursuant to an
Assignment and Assumption or an Incremental Commitments Agreement, in each case, other than any such Person that has ceased to be a party hereto pursuant to an Assignment and Assumption. Unless the context otherwise requires, the term
“Lenders” includes the Swingline Lenders. 
 “Letter of Credit” means each letter of credit issued (or, under
Section 2.05(k), deemed to be issued) pursuant to this Agreement. 
 “LIBO Rate” means, with
respect to any LIBOR Borrowing denominated in US Dollars or Sterling for any Interest Period, the applicable Screen Rate as of the Specified Time on the Quotation Day. 

“LIBOR”, when used in reference to any Loan or Borrowing, refers to whether such Loan is, or the Loans comprising such
Borrowing are, bearing interest at a rate determined by reference to the LIBO Rate or the Adjusted LIBO Rate. 

  
 18 

 “Lien” shall mean any mortgage, deed of trust, lien, pledge, encumbrance,
charge or security interest; provided that precautionary or other filings filed in connection with operating leases of the Parent Borrower or any Subsidiary shall not constitute Liens. For purposes of this definition, whether a lease
constitutes an operating lease will be determined disregarding any change in accounting for leases resulting from the adoption of Financial Accounting Standards Board Accounting Standards Update
No. 2016-02, Leases (Topic 842). 

“Liquidity” means, at any time, an amount equal to:
(a) Unrestricted Cash at such time, plus (b) an amount equal to the excess, if any, of (i) the Aggregate Global Tranche Revolving Commitments in effect at such time minus (ii) the Aggregate Global Tranche Revolving Credit
Exposure at such time, plus (c) an amount equal to the excess, if any, of (i) the Aggregate US Tranche Revolving Commitments in effect at such time minus (ii) the Aggregate US Tranche Revolving Credit Exposure at such time, plus
(d) the aggregate amount of the unused commitments in effect at such time under the 364-Day Credit Agreement, minus (e) the aggregate principal amount of Commercial Paper outstanding at such time;
provided that in the case of clauses (b), (c) and (d) above, the respective amounts that would otherwise be included under such clauses shall only be included to the extent that, had the Parent Borrower requested a borrowing in an equivalent
amount, the conditions precedent set forth in Sections 4.02(a) and 4.02(b) hereof or the conditions precedent to borrowing set forth in the 364-Day Credit Agreement (other than the conditions to effectiveness
of the 364-Day Credit Agreement and delivery of a borrowing request), as applicable, would have been satisfied at such time with respect to such borrowing. 

“Loan” means a loan made by a Lender to any Borrower pursuant to this Agreement. 

“Local Time” means (a) with respect to a Loan or Borrowing denominated in US Dollars or any Letter of Credit, New York
City time, (b) with respect to any Loan or Borrowing denominated in Canadian Dollars, Toronto time and (c) with respect to a Loan or Borrowing denominated in any other Foreign Currency, London time. 

“Luxembourg Subsidiary Borrower” means Sysco EU II S.à r.l., a private limited liability company
(société à responsabilité limitée) incorporated under the laws of the Grand-Duchy of Luxembourg, having its registered
office at 8-10 Avenue de la Gare, L-1610 Luxembourg, Grand Duchy of Luxembourg and registered with the Registre de Commerce et des
Sociétés in Luxembourg under number B 206578. 
 “Mandatory Restrictions” has the meaning set forth in Section 1.09. 

“Majority in Interest”, when used in reference to Lenders of any Class, means, at any time, Lenders of such Class that
would constitute the Required Lenders if such Class were the sole Class of Lenders hereunder. 
 “Material Adverse
Effect” means a material adverse effect on (a) the business, assets, operations or condition, financial or otherwise, of the Parent Borrower and the Subsidiaries taken as a whole, (b) the ability of the Parent Borrower to perform
any of its obligations under this Agreement or (c) the rights of the Administrative Agent and the Lenders against the Borrowers under any material provision of this Agreement. 

  
 19 

 “Material Indebtedness” means Indebtedness (other than the Loans, Letters
of Credit and Guarantees created under this Agreement), or obligations in respect of one or more Swap Agreements, of any one or more of the Parent Borrower and the Subsidiaries in an aggregate principal amount exceeding US$150,000,000. For purposes
of determining Material Indebtedness, the “principal amount” of the obligations of the Parent Borrower or any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting
agreements) that the Parent Borrower or such Subsidiary would be required to pay if such Swap Agreement were terminated at such time. 

“Maturity Date” means, subject to extension pursuant to Section 2.21, June 28, 2024;
provided that if such date shall not be a Business Day, then the “Maturity Date” shall be the next Business Day. 

“Maximum Rate” has the meaning set forth in Section 10.13. 

“MNPI” means material information concerning the Parent Borrower or any of the Subsidiaries or any of its or their respective
securities that has not been disseminated in a manner that would constitute “public disclosure”, within the meaning of Regulation FD under the Exchange Act. For purposes of this definition, “material information” means
information concerning the Parent Borrower, the Subsidiaries or any of its or their respective securities that could reasonably be expected to be material for purposes of the United States federal securities laws. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 

“Net Worth” means the excess, if any, of (a) the total assets of the Parent Borrower and the Subsidiaries over
(b) the liabilities of the Parent Borrower and the Subsidiaries, each to be determined on a consolidated basis in accordance with GAAP. 

“Non-Defaulting Lender” means, at any time, any Lender that is not a Defaulting
Lender at such time. 
 “Non-Extending Lender” has the meaning set forth in
Section 2.21(b). 
 “Non-Increasing Lender” has the
meaning assigned to such term in Section 2.20(a). 
 “Notes” means (a) the Senior Notes, or
any Indebtedness (other than the Loans) that replaces or refinances any of the Senior Notes, or (b) any other senior notes or debentures issued by the Parent Borrower. 

“NYFRB” means the Federal Reserve Bank of New York. 

  
 20 

 “NYFRB Rate” means, for any day, the greater of (a) the Federal Funds
Effective Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if both such rates are not
published for any day that is a Business Day, the NYFRB Rate shall be the rate for a federal funds transaction quoted at 11:00 a.m., New York City time, on such day received by the Administrative Agent from a federal funds broker of recognized
standing selected by it; provided, further, that if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement. 

“Obligations” means the obligations of each Borrower and each Subsidiary Guarantor hereunder in respect of the payment of
(a) the principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as
due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (b) all payments required to be made by each Borrower under this Agreement in respect of any Letter of Credit, when and as due, including
payments in respect of reimbursement of LC Disbursements, interest thereon and obligations to provide cash collateral, and (c) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct,
contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), of each Borrower and
each Subsidiary Guarantor under this Agreement. 
 “Other Connection Taxes” means, with respect to any Recipient, Taxes
imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under,
received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced this Agreement, or sold or assigned an interest in any Loan or Letter of Credit or this Agreement). 

“Other Taxes” means any and all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes
arising from any payment made hereunder or from the execution, delivery, performance, registration or enforcement of, or otherwise with respect to, this Agreement, except (a) any such Taxes that are Other Connection Taxes imposed with respect
to an assignment (other than an assignment made pursuant to Section 2.19) and (b) any Luxembourg registration duties (droits d’enregistrement) and/or stamp duties (droits de
timbre) due to a registration, submission or filing by the Administrative Agent or any Lender of this Agreement but only to the extent that such registration, submission or filing (i) is not mandatory and (ii) is not required to
maintain, defend or preserve the rights of the Administrative Agent or any Lender under this Agreement. 
 “Overnight Bank Funding
Rate” means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depository institutions (as such composite rate shall be determined by the NYFRB as set
forth on its public website from time to time) and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate. 

  
 21 

 “Parent” means, with respect to any Lender, any Person as to which such
Lender is, directly or indirectly, a subsidiary. 
 “Parent Borrower” means Sysco Corporation, a Delaware corporation. 

“Participant” has the meaning set forth in Section 10.04(c). 

“Participant Register” has the meaning set forth in Section 10.04(c). 

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing
similar functions. 
 “Person” means any natural person, corporation, limited liability company, trust, joint venture,
association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any employee pension benefit
plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Parent Borrower or any ERISA Affiliate is (or, if such plan were
terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

“Prime Rate” means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the
United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank
prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent in its reasonable discretion) or any similar release by the Federal Reserve Board (as determined by the
Administrative Agent in its reasonable discretion). Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective. 

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be
amended from time to time. 
 “Quotation Day” means (a) with respect to any Revolving Loan denominated in US Dollars
for any Interest Period, the day that is two Business Days prior to the first day of such Interest Period, (b) with respect to any Revolving Loan denominated in Euro for any Interest Period, the day that is two TARGET Operating Days prior to
the first day of such Interest Period, and (c) with respect to any Revolving Loan denominated in Sterling or Canadian Dollars for any Interest Period, the first day of such Interest Period, in each case unless market practice differs for loans
in the applicable currency priced by reference to rates quoted in the Relevant Interbank Market, in which case the Quotation Day for such Revolving Loans denominated in such currency shall be determined by the Administrative Agent in accordance with
market practice for such loans priced by reference to rates quoted in the Relevant Interbank Market (and if quotations would normally be given by leading banks for such loans priced by reference to rates quoted in the Relevant Interbank Market on
more than one day, the Quotation Day shall be the last of those days). 

  
 22 

 “Recipient” means, as applicable, (a) the Administrative Agent,
(b) any Swingline Lender or any other Lender, (c) any Issuing Bank and (d) any Participant. 
 “Register”
has the meaning assigned to such term in Section 10.04(b). 
 “Related Parties” means, with
respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Relevant Interbank Market” means (a) with respect to US Dollars and Sterling, the London interbank market,
(b) with respect to Euros, the European interbank market and (c) with respect to Canadian Dollars, the Toronto interbank market. 

“Required Lenders” means, at any time, Lenders having Revolving Credit Exposures and unused Revolving Commitments
representing more than 50% of the sum of the total Revolving Credit Exposures of all Lenders and the total unused Revolving Commitments of all Lenders at such time. For purposes of this definition, Global Tranche Revolving Credit Exposure of any
Global Tranche Lender that is a Swingline Lender shall be deemed to exclude any amount of its Swingline Exposure in excess of its Global Tranche Percentage of the sum of the US Dollar Equivalents of the outstanding principal amount of all the
Swingline Loans, but adjusted to give effect to any reallocation under Section 2.22 of the Swingline Exposures of Defaulting Lenders in effect at such time, and the unused Global Tranche Revolving Commitment of such Lender
shall be determined on the basis of its Global Tranche Revolving Credit Exposure excluding such excess amount. 
 “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. 

“Responsible Officer” means, as to any Person, a Financial Officer of such Person or, in the case of any Subsidiary Borrower,
any manager or director of such Subsidiary Borrower. 
 “Restricted
Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Parent Borrower, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancelation or termination of any Equity Interests in the Parent Borrower. 

“Restricted Lender” has the meaning set forth in
Section 1.09. 
 “Reuters” means Thomson Reuters Corporation, a corporation incorporated under and
governed by the Business Corporations Act (Ontario), Canada, Refinitiv or, in each case, a successor thereto. 
 “Revolving
Borrowing” means a Borrowing comprised of Revolving Loans. 
 “Revolving Commitment” means a Global Tranche
Revolving Commitment or a US Tranche Revolving Commitment. 

  
 23 

 “Revolving Credit Exposure” means a Global Tranche Revolving Credit
Exposure or a US Tranche Revolving Credit Exposure. 
 “Revolving Loan” means a Global Tranche Revolving Loan or a US
Tranche Revolving Loan. 
 “S&P” means S&P Global Ratings. 

“Sale and Leaseback Transaction” means any arrangement, directly or indirectly, with any Person whereby a seller or a
transferor shall sell or otherwise transfer any real or personal property and then or thereafter lease (whether pursuant to a Capital Lease or otherwise) or repurchase under an extended purchase contract, the same or similar property from the
purchaser or the transferee of such property. 
 “Sanctions” means all economic or financial sanctions or trade embargoes
imposed, administered or enforced from time to time by the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or by any other sanctions
authority applicable to any Borrower. 
 “Screen Rate” means (a) in respect of the LIBO Rate for any Interest Period,
or in respect of any determination of the Alternate Base Rate pursuant to clause (c) of the definition thereof, a rate per annum equal to the London interbank offered rate as administered by the ICE Benchmark Administration (or any other Person
that takes over the administration of such rate) for deposits in the applicable currency (for delivery on the first day of such Interest Period) with a term equivalent to the relevant period as displayed on the Reuters screen page that displays such
rate (currently LIBOR01 or LIBOR02) (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from
time to time in its reasonable discretion), (b) in respect of the EURIBO Rate for any Interest Period, the rate per annum determined by the European Money Market Institute (or any other Person that takes over the administration of such rate) as the
rate at which interbank deposits in Euro are being offered by one prime bank to another within the EMU zone for such Interest Period, as set forth on the Reuters screen page that displays such rate (currently EURIBOR01) (or, in the event such rate
does not appear on a page of the Reuters screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion) and (c) in
respect of the CDO Rate for any Interest Period, the average rate for bankers acceptances denominated in Canadian Dollars with a term equal to the relevant period as displayed on the on the “Reuters Screen CDOR Page” as used in the 2006
ISDA Definition as published by the International Swaps and Derivatives Association, Inc. definitions, as modified and amended from time to time (or, in the event such rate does not appear on such page or screen, on the appropriate page of such
other information service that publishes such rate, as shall be selected by the Administrative Agent from time to time in its reasonable discretion); provided that (i) if, as to any currency, no Screen Rate shall be available for a
particular period at such time but Screen Rates shall be available for maturities both longer and shorter than such period at such time, than the Screen Rate for such period shall be the Interpolated Screen Rate as of such time and, (ii) if the Screen Rate, determined as provided above, would be less than zero0.75%, thesuch Screen Rate shall be deemed
to be zero0.75% per
annum. 

  
 24 

 “SEC” means the Securities and Exchange Commission of the United States of
America or any Governmental Authority succeeding to any or all of the functions of said Commission. 
 “Senior Notes” means
the senior notes and debentures of the Parent Borrower issued pursuant to the Indenture dated as of June 15, 1995, between the Parent Borrower and The Bank of New York Mellon Trust Company, N.A., as successor trustee, or any supplemental
indenture thereto. 
 “Significant Subsidiary” means a Subsidiary that meets either of the following conditions: 

(a) the total assets (after intercompany eliminations) of such Subsidiary exceed ten percent (10%) of the total assets of the Parent Borrower
and the Subsidiaries on a consolidated basis, determined as of the end of the most recently completed fiscal year; or 
 (b) the income from
continuing operations before income taxes, extraordinary items and cumulative effect of a change in accounting principle of such Subsidiary exclusive of amounts attributable to any non-controlling interests
exceeds ten percent (10%) of the income of the Parent Borrower and the Subsidiaries on a consolidated basis, determined for the most recently completed fiscal year. 

“Specified Provision” has the meaning set forth in
Section 1.09. 
 “Specified Time” means (a) with respect to the LIBO Rate, 11:00 a.m., London
time, (b) with respect to the EURIBO Rate, 11:00 a.m., Brussels time and (c) with respect to the CDO Rate, 10:15 a.m., Toronto time. 

“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the
denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is
subject, with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such Regulation
D. Eurocurrency Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under
such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Sterling” or “£” means the lawful currency of the United Kingdom. 

“subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited
liability company, partnership, association or other entity (a) of which Equity Interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general
partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.

  
 25 

 “Subsidiary” means any subsidiary of the Parent Borrower. 

“Subsidiary Borrower” means each of the Canadian Subsidiary Borrower and the Luxembourg Subsidiary Borrower, in each case,
for so long as such Person has not ceased to be a Subsidiary Borrower as provided in Section 2.23. 

“Subsidiary Borrower Termination” means a Subsidiary Borrower Termination substantially in the form of Exhibit G or
any other form approved by the Administrative Agent. 
 “Subsidiary Guarantor” means each Subsidiary of the Parent Borrower
listed on the signature pages hereto as a Subsidiary Guarantor and each Subsidiary of the Parent Borrower that after the date hereof executes and delivers a Joinder to the Administrative Agent pursuant to Section 5.09;
provided that if any Subsidiary shall be released as a “Subsidiary Guarantor” pursuant to Section 5.09(c), then such Subsidiary shall no longer constitute a “Subsidiary Guarantor” for purposes of
this Agreement. 
 “Swap Agreement” means any agreement with respect to any swap, forward, future or derivative transaction
or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk
or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or
consultants of the Parent Borrower or the Subsidiaries shall be a Swap Agreement, provided that such term shall not include any forward or future contract entered into in the ordinary course of business by the Parent Borrower or a Subsidiary
which contemplates the actual delivery of a commodity and is not entered into for speculative purposes. 
 “Swingline
Commitment” means, with respect to each Swingline Lender, the commitment of such Swingline Lender to make Swingline Loans pursuant to Section 2.04, expressed as an amount representing the maximum outstanding
Swingline Exposure attributable to the Swingline Loans made by such Swingline Lender. The initial amount of each Swingline Lender’s Swingline Commitment is set forth on Schedule 2.04 or, in the case of any Swingline Lender that
became such pursuant to Section 2.04(d), in the applicable joinder agreement referred to in such Section. The Swingline Commitment of any Swingline Lender may be increased or reduced by written agreement between such
Swingline Lender and the Parent Borrower, provided that a copy of such written agreement shall have been delivered to the Administrative Agent. 

“Swingline Exposure” means, at any time, the sum of the US Dollar Equivalents of the outstanding principal amount
of all the Swingline Loans at such time. The Swingline Exposure of any Lender at any time shall be the sum of (a) its Global Tranche Percentage of the total Swingline Exposure at such time (excluding, in the case of any Lender that is a
Swingline Lender, the portion thereof attributable to the Swingline Loans made by such Swingline Lender outstanding at such time to the extent that the other Global Tranche Lenders shall not have funded their participations in such Swingline Loans),
adjusted to give effect to any reallocation under Section  

  
 26 

 
2.22 of the Swingline Exposure of Defaulting Lenders in effect at such time, and (b) in the case of any Lender that is a Swingline Lender, the total Swingline Exposure at such time
attributable to Swingline Loans made by such Swingline Lender less any portion thereof with respect to which the other Global Tranche Lenders shall have funded their participations in such Swingline Loans. 

“Swingline Lender” means (a) each of JPMorgan Chase Bank, N.A., Goldman Sachs Bank USA and Wells Fargo Bank, N.A.
and (b) each Global Tranche Lender that shall have become a Swingline Lender hereunder as provided in to Section 2.04(d), in each case, in its capacity as a lender of the Swingline Loans hereunder. 

“Swingline Loan” means a Loan made pursuant to Section 2.04. 

“TARGET” means the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) payment system which
utilizes a single shared platform and which was launched on November 19, 2007. 
 “TARGET Operating Day” means any day
on which the TARGET is open for the settlement of payments in Euro. 
 “Taxes” means any and all present or future taxes,
levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Transactions” means the execution, delivery and performance by the Borrowers and the Subsidiary Guarantors of this
Agreement, each Joinder and each promissory note (if any) requested by a Lender as contemplated by Section 2.10(e), the borrowing of Loans hereunder, the issuance of Letters of Credit hereunder, the use of proceeds thereof
and the guarantee of the Obligations by the Parent Borrower and the Subsidiary Guarantors. 
 “Type”, when used in
reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate, the LIBO Rate, the CDO Rate, EURIBO Rate or the Alternate Base
Rate. 
 “UK Financial Institution” means any BRRD Undertaking (as
such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any Person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the
United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” means the Bank of England or any other
public administrative authority having responsibility for the resolution of any UK Financial Institution. 

  
 27 

 “Unrestricted
Cash” means, at any time, cash and cash equivalents owned at such time by the Parent Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP; provided that such cash and cash equivalents do not appear (and in
accordance with GAAP would not be required to appear) as “restricted” on the consolidated balance sheet of the Parent Borrower prepared as of such time in accordance with GAAP. 

“US Dollar Equivalent” means, on any date of determination, (a) with respect to any amount in US
Dollars, such amount, and (b) with respect to any amount in any Foreign Currency, the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.05 using the Exchange Rate or
the LC Exchange Rate, as applicable, with respect to such Foreign Currency at the time in effect under the provisions of such Section. 

“US Dollars” or “US$” refers to lawful money of the United States of America. 

“US Tranche Lender” means a Lender with a US Tranche Revolving Commitment or US Tranche Revolving Credit Exposure. 

“US Tranche Revolving Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make US
Tranche Revolving Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s US Tranche Revolving Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to
Section 2.09, (b) increased from time to time pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to
Section 10.04. The initial amount of each Lender’s US Tranche Revolving Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption or the Incremental Commitments Agreement pursuant to which
such Lender shall have assumed or provided its US Tranche Revolving Commitment, as applicable. As of the Effective Date, the aggregate amount of the US Tranche Revolving Commitments is US$295,000,000. 

“US Tranche Revolving Credit Exposure” means, with respect to any Lender at any time, the aggregate principal amount of such
Lender’s outstanding US Tranche Revolving Loans at such time. 
 “US Tranche Revolving Loans” means Loans made by the
Lenders pursuant to Section 2.01(b). 
 “USA Patriot Act” means the USA PATRIOT ACT (Title III of
Pub. L. 107-56 (signed into law October 26, 2001, as amended)). 
 “U.S.
Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code. 

“U.S. Tax Compliance Certificate” has the meaning set forth in Section 2.17(f). 

“Wholly Owned Subsidiary” of any Person means a Subsidiary of such Person of which securities (except for directors’
qualifying shares and/or other nominal amounts of shares required by applicable law to be held by Persons other than such Person) or other ownership interests representing 100% of the equity are, at the time any determination is being made, owned by
such Person or one or more wholly owned Subsidiaries of such Person or by such Person and one or more wholly owned Subsidiaries of such Person. 

  
 28 

 “Withdrawal Liability” means liability to a Multiemployer Plan as a result
of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 

“Withholding Agent” means the Borrowers, the Subsidiary Guarantors and the Administrative Agent. 

“Write-Down and Conversion Powers”
means, (a) with respect to any EEA Resolution Authority, the write-down and
conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write- down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the
United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or
instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had
been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

 SECTION 1.02. Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by
Class (e.g., a “Global Tranche Revolving Loan”) or by Type (e.g., a “Eurocurrency Loan”) or by Class and Type (e.g., a “Eurocurrency Global Tranche Revolving Loan”). Borrowings also may
be classified and referred to by Class (e.g., a “Global Tranche Revolving Borrowing”) or by Type (e.g., a “Eurocurrency Borrowing”) or by Class and Type (e.g., a “Eurocurrency Global Tranche
Revolving Borrowing”). 
 SECTION 1.03. Terms Generally. The definitions of terms herein shall apply equally to the singular
and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed
to be followed by the phrase “without limitation”. The word “law” shall be construed as referring to all statutes, treaties, rules, regulations, ordinances, codes, executive orders and administrative or judicial precedents or
authorities and other laws, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties,
requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. The words “asset” and “property” shall be construed to have the same meaning
and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. The word “will” shall be construed to have the same meaning and effect as the word
“shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement (including this Agreement), instrument or other document herein shall be construed as referring to such agreement, instrument or other
document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such 

  
 29 

 
amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any
restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, (c) any definition of or reference to any statute, rule or
regulation shall, unless otherwise specified, be construed as referring thereto as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws), (d) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof and (e) all references herein to Articles, Sections, Exhibits
and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement. 
 SECTION 1.04.
Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Parent Borrower
notifies the Administrative Agent that the Parent Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision
(or if the Administrative Agent notifies the Parent Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the
application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in
accordance herewith. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (a) without
giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification or Financial Accounting Standard having a
similar result or effect) to value any Indebtedness or other liabilities of the Parent Borrower or any Subsidiary at “fair value”, as defined therein, (b) without giving effect to any deduction of debt issuance costs in respect of any
Indebtedness from the principal amount of such Indebtedness under Accounting Standards Update 2015-03 and (c) without giving effect to any treatment of Indebtedness in respect of convertible debt
instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in
a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. 

SECTION 1.05. Exchange Rate Determinations. For purposes of determining the US Dollar Equivalent of any Loan or Letter of Credit
denominated in a Foreign Currency, the Administrative Agent shall determine the Exchange Rate as of each applicable Exchange Rate Date with respect to each Foreign Currency in which any requested or outstanding Loan or Letter of Credit is
denominated and shall apply such Exchange Rates to determine such amount (in each case after giving effect to any Loan to be made or repaid or Letter of Credit issued on or prior to the applicable date for such calculation), and each such amount
shall be the US Dollar Equivalent of such Loan or Letter of Credit until the next required calculation thereof pursuant to this paragraph; provided that the Administrative Agent shall in addition determine the US Dollar Equivalent
of any Letter of Credit denominated in any Foreign Currency as provided in Sections 2.05(e) and 2.05(m). 

  
 30 

 SECTION 1.06. Divisions. For all purposes under this Agreement, in connection with
any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different
Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of
its existence by the holders of its Equity Interests at such time. 
 SECTION 1.07. Interest Rate; LIBOR Notification. The interest
rate on LIBOR Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to,
the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “Screen Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof,
including whether the composition or characteristics of any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 2.14, will be similar to, or produce the same value
or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability. 

SECTION 1.08. Most Favored Nation Provision. In the event that the 364-Day Credit Agreement (as amended, supplemented or otherwise modified from time to time) shall be amended to include or, in the case of a 364-Day Credit Agreement not in
existence on the date hereof, contains any affirmative covenant, restrictive covenant, financial covenant, event of default, mandatory prepayment requirement (other than on account of incurrence of other Indebtedness), condition precedent to
borrowing, guarantee provision or collateral provision that is either more restrictive (or more favorable to the lenders thereunder) than the corresponding provision set forth in this Agreement or is not comparable to any such provision set forth in
this Agreement, then, in each case, this Agreement shall automatically be deemed to have been amended, solely for the period that the 364-Day Credit Agreement is in effect, to incorporate such affirmative
covenant, restrictive covenant, financial covenant, event of default, mandatory prepayment requirement, condition precedent to borrowing, guarantee provision or collateral provision, mutatis mutandis, as if set forth fully herein, without any
further action required on the part of any Person. The Parent Borrower shall execute any and all further documents and agreements, including amendments hereto, and take all such further actions, as shall be reasonably requested by the Administrative
Agent to give effect to the provisions of this paragraph. 

SECTION 1.09. Blocking Regulation. In relation to any Lender that is subject
to the regulations referred to below (each, a “Restricted Lender”), any representation, warranty or covenant set forth herein that refers to Sanctions (each, a “Specified Provision”) shall only apply for the benefit of such
Restricted Lender to the extent that such Specified Provision would not result in a violation of, conflict with or liability under Council Regulation (EC) 2271/96 (or any law implementing such regulation in any member state of the European Union) or
any similar blocking or anti-boycott law in Germany (including, in the case of Germany, section 7 foreign trade rules (Außenwirtschaftsverordnung – AWV) in connection with section 4 paragraph 1 foreign trade 

  
 31 

 
law (Außenwirtschaftsgesetz – AWG)) or in the United Kingdom (the “Mandatory Restrictions”). In the event of any consent or direction by Lenders in respect of any Specified Provision of which a Restricted Lender does not have the benefit due to a
Mandatory Restriction, then, notwithstanding anything to the contrary in the definition of Required Lenders, for so long as such Restricted Lender shall be subject to a Mandatory Restriction, the Revolving Commitment and the Revolving Credit
Exposure of such Restricted Lender will be disregarded for the purpose of determining whether the requisite consent of the Lenders has been obtained or direction by the requisite Lenders has been made, it being agreed, however, that, unless, in
connection with any such determination, the Administrative Agent shall have received written notice from any Lender stating that such Lender is a Restricted Lender with respect thereto, each Lender shall be presumed, in connection with such
determination, not to be a Restricted Lender. 
 ARTICLE II 

THE CREDITS 

SECTION 2.01. Revolving Commitments. 

(a) Global Revolving Tranche Commitments. Subject to the terms and conditions set forth herein, each Global Tranche Lender agrees
(i) to make Loans denominated in US Dollars, Euros and Sterling to the Borrowers and (ii) to make Loans denominated in Canadian Dollars to the Canadian Subsidiary Borrower and the Parent Borrower, in each case, from time to time during the
Availability Period in an aggregate principal amount that will not result in (A) such Lender’s Global Tranche Revolving Credit Exposure exceeding such Lender’s Global Tranche Revolving Commitment or (B) the Aggregate Global
Tranche Revolving Credit Exposure exceeding the Aggregate Global Tranche Revolving Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Global Tranche
Revolving Loans. 
 (b) US Tranche Revolving Commitments. Subject to the terms and conditions set forth herein, each US Tranche
Lender agrees to make Loans denominated in US Dollars to the Borrowers from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender’s US Tranche Revolving Credit Exposure
exceeding such Lender’s US Tranche Revolving Commitment or (ii) the Aggregate US Tranche Revolving Credit Exposure exceeding the Aggregate US Tranche Revolving Commitments. Within the foregoing limits and subject to the terms and
conditions set forth herein, the Borrowers may borrow, prepay and reborrow US Tranche Revolving Loans. 
 SECTION 2.02. Loans and
Borrowings. 
 (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans of the same Class, Type and
currency made to the same Borrower by the Lenders ratably in accordance with their respective Revolving Commitments of the applicable Class. Each Swingline Loan shall be made in accordance with the procedures set forth in
Section 2.04. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments and Swingline Commitments of
the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

  
 32 

 (b) Subject to Section 2.14, (i) each Revolving Borrowing
denominated in US Dollars shall be comprised entirely of ABR Loans or LIBOR Loans, as the applicable Borrower (or the Parent Borrower on its behalf) may request pursuant to Section 2.03 or as otherwise may be provided in
this Agreement, (ii) each Revolving Borrowing denominated in Canadian Dollars shall be comprised entirely of CDOR Loans, (iii) each Revolving Borrowing denominated in Euro shall be comprised entirely of EURIBOR Loans and (iv) each
Revolving Borrowing denominated in Sterling shall be comprised entirely of LIBOR Loans. Each Lender at its option may make any Eurocurrency Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided
that any exercise of such option shall not affect the obligation of the applicable Borrower to repay such Loan in accordance with the terms of this Agreement. 

(c) At the commencement of each Interest Period for any Eurocurrency Borrowing, such Borrowing shall be in an aggregate amount that is at
least equal to the Borrowing Minimum and is an integral multiple of the Borrowing Multiple; provided that a Eurocurrency Borrowing that results from a continuation of an outstanding Eurocurrency Borrowing may be in an aggregate amount that is
equal to such outstanding Eurocurrency Borrowing. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is at least equal to the Borrowing Minimum and is an integral multiple of the Borrowing Multiple;
provided that an ABR Borrowing of any Class may be in an aggregate amount that is equal to the entire unused balance of the aggregate Revolving Commitments of such Class or in an amount necessary to finance the reimbursement of an
LC Disbursement as contemplated by Section 2.05(e). At the time that each Swingline Borrowing is made, such Borrowing shall be in an aggregate amount that is at least equal to the Borrowing Minimum and is an integral
multiple of the Borrowing Multiple; provided that a Swingline Borrowing may be in an aggregate amount necessary to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(e). Borrowings of
more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of 12 Eurocurrency Borrowings outstanding. 

(d) Notwithstanding any other provision of this Agreement, the Borrowers shall not be entitled to request, or to elect to convert or continue,
any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 
 SECTION 2.03. Requests for
Borrowings. To request a Revolving Borrowing, the applicable Borrower (or the Parent Borrower on its behalf) shall notify the Administrative Agent of such request by telephone or submit to the Administrative Agent a completed written Borrowing
Request signed by a Responsible Officer of such Borrower (or, as applicable, of the Parent Borrower) (a) in the case of a Eurocurrency Borrowing, not later than 12:00 noon, Local Time, three Business Days before the date of the proposed
Borrowing and (b) in the case of an ABR Borrowing, not later than 2:00 p.m., Local Time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be confirmed promptly by the delivery to the Administrative Agent of a
completed written Borrowing Request signed by a Responsible Officer of the applicable Borrower (or, as applicable, of the Parent Borrower). Each such telephonic and written Borrowing Request shall be irrevocable and shall specify the following
information in compliance with Section 2.02: 
 (i) the applicable Borrower; 

  
 33 

 (ii) the aggregate principal amount of the requested Borrowing; 

(iii) the currency in which such Borrowing is to be denominated; 

(iv) the date of such Borrowing, which shall be a Business Day; 

(v) the Class and Type of such Borrowing 

(vi) in the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period”; and 
 (vii) (A) the location and number of the
account to which funds are to be disbursed, which shall comply with the requirements of Section 2.06, or (B) in the case of any ABR Borrowing requested to finance the reimbursement of an LC Disbursement as provided in
Section 2.05(e), the LC Disbursement intended to be reimbursed. 
 If no election as to the Type of Revolving
Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing, unless such Borrowing is denominated in a Foreign Currency, in which case such Borrowing shall be a Eurocurrency Borrowing of the applicable Type. If no Interest Period
is specified with respect to any requested Eurocurrency Borrowing, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with
this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Revolving Loan to be made as part of the requested Revolving Borrowing. 

SECTION 2.04. Swingline Loans. 

(a) Subject to the terms and conditions set forth herein, each Swingline Lender agrees to make Loans denominated in Euro to the Borrowers from
time to time during the Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the total Swingline Exposure exceeding US$250,000,000, (ii) the amount of the Swingline Exposure attributable to
the Swingline Loans made by such Swingline Lender exceeding the Swingline Commitment of such Swingline Lender, (iii) the Global Tranche Revolving Credit Exposure of any Lender exceeding the Global Tranche Revolving Commitment of such Lender,
(iv) the Aggregate Global Tranche Revolving Credit Exposure exceeding the Aggregate Global Tranche Revolving Commitments or (v) in the event the Maturity Date shall have been extended as provided in Section 2.21,
the sum of the LC Exposure attributable to Letters of Credit expiring after any Existing Maturity Date and the Swingline Exposure attributable to Swingline Loans maturing after such Existing Maturity Date exceeding the aggregate Global Tranche
Revolving Commitments that shall have been extended to a date after the latest expiration date of such Letters of Credit and the latest maturity date of such Swingline Loans; provided that (A) no Swingline Lender shall be required to
make a Swingline Loan to refinance an outstanding Swingline Loan and (B) each Swingline Loan shall be made as part of a Borrowing consisting of Swingline Loans made by the Swingline Lenders ratably in accordance with their respective Swingline
Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, 

  
 34 

 
the Borrowers may borrow, prepay and reborrow Swingline Loans. The failure of any Swingline Lender to make any Swingline Loan required to be made by it shall not relieve any other Swingline
Lender of its obligations hereunder; provided that the Swingline Commitments of the Swingline Lenders are several and no Swingline Lender shall be responsible for any other Swingline Lender’s failure to make Swingline Loans as required.

 (b) To request a Swingline Borrowing, the applicable Borrower (or the Parent Borrower on its behalf) shall notify the Administrative
Agent of such request by telephone or submit to the Administrative Agent a completed written Borrowing Request signed by a Responsible Officer of such Borrower (or, as applicable, of the Parent Borrower) not later than 11:00 a.m., Local Time, on the
day of the proposed Swingline Borrowing. Each such telephonic Borrowing Request shall be confirmed promptly by delivery to the Administrative Agent of a completed written Borrowing Request signed by a Responsible Officer of the applicable Borrower
(or, as applicable, of the Parent Borrower). Each such telephonic and written Borrowing Request shall be irrevocable and shall specify (i) the applicable Borrower, (ii) the principal amount of the requested Swingline Borrowing,
(iii) the requested date of such Swingline Borrowing, which shall be a Business Day, and (iv) (A) the location and number of the account to which funds are to be disbursed or (B) in the case of any Swingline Borrowing requested to
finance the reimbursement of an LC Disbursement as provided in Section 2.05(e), the LC Disbursement intended to be reimbursed. Promptly following the receipt of a Borrowing Request in accordance with this
Section 2.04 (and, in any event, no later than 12:00 p.m., Local Time, on the day of the applicable requested Swingline Borrowing), the Administrative Agent shall advise each Swingline Lender of the details thereof and of
the amount of such Swingline Lender’s Swingline Loan to be made as part of the requested Swingline Borrowing. Each Swingline Lender shall make its Swingline Loan in the amount equal to its ratable portion of the requested Swingline Borrowing by
wire transfer of immediately available funds by 3:00 p.m., Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Swingline Lenders, and the Administrative Agent will make such
Swingline Loans available to the applicable Borrower by promptly crediting or wiring the funds so received in the aforesaid account of the Administrative Agent to the deposit account designated in the applicable Borrowing Request; provided
that Swingline Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank. 

(c) Any Swingline Lender may, by written notice given to the Administrative Agent not later than 12:00 noon, Local Time, on any Business Day
require the Global Tranche Lenders to acquire participations in all or a portion of the outstanding Swingline Loans made by such Swingline Lender. Such notice shall specify the aggregate principal amount of the Swingline Loan or Swingline Loans in
which the Global Tranche Lenders will be required to participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Global Tranche Lender, specifying in such notice such Lender’s Global Tranche
Percentage of such Swingline Loan or Swingline Loans. Each Global Tranche Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above with respect to such Swingline Loan or Swingline Loans, to pay to the
Administrative Agent, for the account of such Swingline Lender, such Lender’s Global Tranche Percentage of such Swingline Loan or Swingline Loans. Each Global Tranche Lender acknowledges and agrees that its obligation to acquire participations
in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default 

  
 35 

 
or reduction or termination of the Global Tranche Revolving Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Global
Tranche Lender further acknowledges and agrees that, in making any Swingline Loan, each Swingline Lender shall be entitled to rely, and shall not incur any liability for relying, upon the representation and warranty of the applicable Borrower deemed
made pursuant to Section 4.02. Each Global Tranche Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds in Euro promptly (and, in any event, by the next Business Day),
in the same manner as provided in Section 2.06 with respect to Revolving Loans made by such Global Tranche Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment
obligations of the Global Tranche Lenders pursuant to this paragraph), and the Administrative Agent shall promptly remit to the applicable Swingline Lender the amounts so received by it from the Global Tranche Lenders. The Administrative Agent shall
notify the Borrowers of any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the applicable Swingline Lender. Any
amounts received by any Swingline Lender from the applicable Borrower (or other party on behalf of the applicable Borrower) in respect of a Swingline Loan after receipt by such Swingline Lender of the proceeds of a sale of participations therein
shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Global Tranche Lenders that shall have made their payments pursuant to this
paragraph and to the applicable Swingline Lender, as their interests may appear; provided that any such payment so remitted shall be repaid to each Swingline Lender or to the Administrative Agent, as applicable, if and to the extent such
payment is required to be refunded to the applicable Borrower for any reason. The purchase of participations in any Swingline Loan pursuant to this paragraph shall not relieve the applicable Borrower of any default in the payment thereof. 

(d) The Parent Borrower may, at any time and from time to time, designate one or more additional Global Tranche Lenders to act as a Swingline
Lender under the terms of this Agreement with the consent of the Administrative Agent (which consent shall not be unreasonably withheld or delayed) and such Global Tranche Lender. Any Global Tranche Lender designated as a Swingline Lender pursuant
to this paragraph shall, upon entering into a joinder agreement with the Parent Borrower in form reasonably satisfactory to the Administrative Agent and the Parent Borrower (and which, in any event, shall specify such Swingline Lender’s
Swingline Commitment), be deemed to be a “Swingline Lender” (in addition to being a Global Tranche Lender) hereunder. 
 SECTION
2.05. Letters of Credit. 
 (a) General. Subject to the terms and conditions set forth herein, any Borrower may request, as
the applicant thereof for the support of its or its subsidiaries’ obligations, any Issuing Bank to issue Letters of Credit denominated in US Dollars or a Foreign Currency and in a form reasonably acceptable to the applicable Issuing Bank, at
any time and from time to time during the Availability Period and such Issuing Bank hereby agrees to issue such Letters of Credit; provided that no Issuing Bank shall have any obligation to issue any Letter of Credit if (i) the issuance
of such Letter of Credit would violate one or more policies of such Issuing Bank applicable to letters of credit generally (including any such policies to the effect that such Issuing Bank does not issue commercial or trade letters of credit) or
(ii) any order, judgment or decree of 

  
 36 

 
any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Bank from issuing such Letter of Credit, or any law applicable to such Issuing Bank shall
prohibit, or require that such Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and
conditions of any form of letter of credit application or other agreement submitted by any Borrower to, or entered into by such Borrower with, an Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall
control. 
 (b) Notice of Issuance, Amendment, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the
amendment or extension of an outstanding Letter of Credit, other than an automatic extension permitted under paragraph (c) of this Section 2.05), the applicable Borrower shall hand deliver or fax (or transmit by
electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to an Issuing Bank and the Administrative Agent (three Business Days in advance of the requested date of issuance, amendment or extension) a
notice substantially in the form of Exhibit E or such other form as is reasonably acceptable to such Issuing Bank, requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended or extended, and specifying
the date of issuance, amendment or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section 2.05), the amount of such Letter
of Credit, the currency in which such Letter of Credit is to be denominated, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend or extend such Letter of Credit. If requested by the
applicable Issuing Bank, the applicable Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any such request. A Letter of Credit shall be issued, amended or extended only if (and,
upon issuance, amendment or extension of each Letter of Credit, the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment or extension, (i) the total LC Exposure shall not exceed
US$150,000,000, (ii) the amount of the LC Exposure attributable to Letters of Credit issued by any Issuing Bank shall not exceed the LC Commitment of such Issuing Bank, (iii) the Global Tranche Revolving Credit Exposure of any Lender shall not
exceed the Global Tranche Revolving Commitment of such Lender, (iv) the Aggregate Global Tranche Revolving Credit Exposure shall not exceed the Aggregate Global Tranche Revolving Commitments and (v) in the event the Maturity Date shall
have been extended as provided in Section 2.21, the sum of the LC Exposure attributable to Letters of Credit expiring after any Existing Maturity Date and the Swingline Exposure attributable to Swingline Loans maturing
after such Existing Maturity Date shall not exceed the aggregate Global Tranche Revolving Commitments that shall have been extended to a date after the latest expiration date of such Letters of Credit and the latest maturity date of such Swingline
Loans. 
 (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the date that is five
Business Days prior to the Maturity Date. 
 (d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter
of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the Global Tranche Lenders, such Issuing Bank hereby grants to each Global Tranche Lender, and each Global Tranche Lender hereby
acquires from such Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Global Tranche Percentage of the 

  
 37 

 
aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Global Tranche Lender hereby absolutely and unconditionally agrees
to pay to the Administrative Agent, for the account of the applicable Issuing Bank, such Lender’s Global Tranche Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by the applicable Borrower on the date due as
provided in paragraph (e) of this Section 2.05, or of any reimbursement payment required to be refunded to the applicable Borrower for any reason, including after the Maturity Date. Such payment by the Global Tranche
Lenders shall be made (i) if the currency of the applicable LC Disbursement or reimbursement payment shall be in US Dollars, then in US Dollars and (ii) subject to paragraph (m) of this Section 2.05, if the
currency of the applicable LC Disbursement or reimbursement payment shall be a Foreign Currency, then in US Dollars in an amount equal to the US Dollar Equivalent of such LC Disbursement or reimbursement payment, calculated by the
Administrative Agent using the LC Exchange Rate on the applicable LC Participation Calculation Date. Each Global Tranche Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of
Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment or extension of any Letter of Credit, the occurrence and continuance of a Default or reduction or termination of the Global
Tranche Revolving Commitments or any force majeure or other event that under any rule of law or uniform practices to which any Letter of Credit is subject (including Section 3.14 of the ISP) permits a drawing to be made under such Letter of
Credit after the expiration thereof or of the Global Tranche Revolving Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Global Tranche Lender further acknowledges and
agrees that, in issuing, amending or extending any Letter of Credit, the applicable Issuing Bank shall be entitled to rely, and shall not incur any liability for relying, upon the representation and warranty of the applicable Borrower deemed made
pursuant to Section 4.02. 
 (e) Reimbursement. If any Issuing Bank shall make any LC Disbursement in
respect of a Letter of Credit, the applicable Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement in the currency of such LC Disbursement not later than 1:00 p.m., Local Time,
on the date that such LC Disbursement is made, if the applicable Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by the applicable Borrower prior to
such time on such date, then not later than 1:00 p.m., Local Time, on the Business Day immediately following the day that the applicable Borrower receives such notice; provided that, if such LC Disbursement is denominated in US Dollars or
Euros and is not less than US$10,000 or €10,000, as applicable, the applicable Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 that such payment be
financed with an ABR Revolving Borrowing or a Swingline Borrowing denominated in the same currency and in an equivalent amount and, to the extent so financed, such Borrower’s obligation to make such payment shall be discharged and replaced by
the resulting ABR Revolving Borrowing or Swingline Borrowing. If the applicable Borrower fails to make such payment when due, then (i) if the currency of the applicable LC Disbursement is a Foreign Currency, the applicable Borrower’s
obligation to reimburse such LC Disbursement shall automatically and with no further action required be converted into an obligation to reimburse the US Dollar Equivalent of such LC Disbursement, calculated by the Administrative Agent using the
LC Exchange Rate on the applicable LC Participation Calculation Date, and (ii) the applicable Issuing Bank shall promptly notify the Administrative Agent, of the applicable LC Disbursement and the amount and currency

  
 38 

 
of the payment then due from the applicable Borrower in respect thereof, and the Administrative Agent shall thereafter promptly notify each Global Tranche Lender thereof and of such Lender’s
Global Tranche Percentage of such LC Disbursement. Promptly following receipt of such notice (and, in any event, no later than the next Business Day), each Lender shall pay to the Administrative Agent in US Dollars its Global Tranche Percentage of
the payment then due from the applicable Borrower, in the same manner as provided in Section 2.06 with respect to Revolving Loans made by such Global Tranche Lender (and Section 2.06 shall apply,
mutatis mutandis, to the payment obligations of the Global Tranche Lenders pursuant to this paragraph), and the Administrative Agent shall promptly remit to the applicable Issuing Bank the amounts so received by it from the Global Tranche
Lenders. Promptly following receipt by the Administrative Agent of any payment from the applicable Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that
Global Tranche Lenders have made payments pursuant to this paragraph to reimburse the applicable Issuing Bank, then to such Global Tranche Lenders and such Issuing Bank as their interests may appear. Any payment made by a Global Tranche Lender
pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve the applicable Borrower of its obligation to
reimburse such LC Disbursement. 
 (f) Obligations Absolute. The applicable Borrower’s obligation to reimburse LC Disbursements
as provided in paragraph (e) of this Section 2.05 shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances
whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be
forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by an Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply
with the terms of such Letter of Credit, (iv) any force majeure or other event that under any rule of law or uniform practices to which any Letter of Credit is subject (including Section 3.14 of the ISP) permits a drawing to be made under
such Letter of Credit after the stated expiration date thereof or of the Global Revolving Tranche Commitments or (v) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions
of this Section 2.05, constitute a legal or equitable discharge of, or provide a right of setoff against, the applicable Borrower’s obligations hereunder. None of the Administrative Agent, any Lender, any Issuing Bank
or any of their Related Parties shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the
circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document
required to make a drawing thereunder), any error in interpretation of technical terms, any error in translation or any consequence arising from causes beyond the control of the applicable Issuing Bank; provided that the foregoing shall not
be construed to excuse any Issuing Bank from liability to the applicable Borrower to the extent of any direct damages (as opposed to special, indirect, consequential or punitive damages, claims in respect of which are hereby waived by the Borrowers
to the extent permitted by applicable law) suffered by the applicable Borrower that are caused by such Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply

  
 39 

 
with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of any Issuing Bank (as finally determined by a court of
competent jurisdiction), such Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented
which appear on their face to be in substantial compliance with the terms of a Letter of Credit, each Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation,
regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

(g) Disbursement Procedures. The Issuing Bank that is the issuer of such Letter of Credit shall, within the time allowed by applicable
law or the specific terms of the applicable Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The applicable Issuing Bank shall promptly after such
examination notify the Administrative Agent and the applicable Borrower by telephone (confirmed by fax or email) of such demand for payment if such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to
give or delay in giving such notice shall not relieve the applicable Borrower of its obligation to reimburse such Issuing Bank and the Global Tranche Lenders with respect to any such LC Disbursement. 

(h) Interim Interest. If any Issuing Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC
Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Borrower reimburses
such LC Disbursement, (i) in the case of any LC Disbursement made in US Dollars, and at all times following the conversion to US Dollars of any LC Disbursement made in a Foreign Currency pursuant to paragraph (e) and (m) of this
Section 2.05, at the rate per annum then applicable to ABR Revolving Loans and (ii) in the case of any LC Disbursement made in a Foreign Currency, at all times prior to the conversion of the reimbursement obligation
with respect thereto, to US Dollars pursuant to paragraph (e) and (m) of this Section 2.05, at a rate equal to the applicable Foreign Currency Overnight Rate plus the Applicable Rate used to determine interest
applicable to Eurocurrency Loans; provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, then
Section 2.13(g) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Global Tranche Lender
pursuant to paragraph (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Global Tranche Lender to the extent of such payment, and shall be payable on demand or, if no demand has
been made, on the date on which the applicable Borrower reimburses the applicable LC Disbursement in full. 
 (i) Replacement of the
Issuing Bank. 
 (i) Any Issuing Bank may be replaced at any time by written agreement among the Parent Borrower, the
Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of an Issuing Bank. At the time any such replacement shall become effective,

  
 40 

 
the Parent Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.12(b). From and after the effective date of any
such replacement, (x) the successor Issuing Bank shall have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (y) references herein to the term
“Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced
Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue
additional Letters of Credit. 
 (ii) Subject to the appointment and acceptance of a successor Issuing Bank, any Issuing Bank
may resign as an Issuing Bank at any time upon thirty days’ prior written notice to the Administrative Agent, the Parent Borrower and the Lenders, in which case, such Issuing Bank shall be replaced in accordance with the immediately preceding
paragraph. 
 (j) Cash Collateralization. If any Event of Default shall occur and be continuing, on the Business Day that the Parent
Borrower receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Global Tranche Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding the
deposit of cash collateral pursuant to this paragraph, the Parent Borrower shall, or shall cause the Subsidiary Borrowers to, deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the
Global Tranche Lenders and the Issuing Banks, an amount in cash and in the currency of such Letter of Credit equal to (i) in the case of any Letter of Credit denominated in US Dollars, 100% of the LC Exposure as of such date attributable to
such Letter of Credit, plus any accrued and unpaid interest thereon, and (ii) in the case of any Letter of Credit denominated in a Foreign Currency, 105% of the LC Exposure as of such date attributable to such Letter of Credit, plus any accrued
and unpaid interest thereon; provided that (A) amounts payable in respect of any Letter of Credit denominated in a Foreign Currency in respect of which the applicable Borrower’s reimbursement obligations have been converted to
obligations in US Dollars as provided in paragraph (e) or (m) of this Section 2.05, and interest accrued thereon, shall be payable in US Dollars and (B) the obligation to deposit such cash collateral shall become
effective immediately, and the amount of such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to any Borrower described in clause (h) or (i)
of Section 7.01. The Parent Borrower shall also deposit, or cause the Subsidiary Borrowers to deposit, cash collateral in US Dollars in accordance with this paragraph as and to the extent required by
Section 2.22. Each such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrowers under this Agreement. The Administrative Agent shall have exclusive
dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent
and at the Borrowers’ risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall, notwithstanding anything to the contrary in
Section 2.18(b), be applied by the Administrative Agent to reimburse 

  
 41 

 
each Issuing Bank for LC Disbursements for which it has not been reimbursed, together with related fees, costs and customary processing charges, and, to the extent not so applied, shall be held
for the satisfaction of the reimbursement obligations of the Borrowers for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to, in the case of any such application at a time when any Global Tranche
Lender is a Defaulting Lender (and only if, after giving effect thereto, the remaining cash collateral in respect of the LC Exposure shall be less than the aggregate LC Exposure of all the Defaulting Lenders), the consent of each Issuing Bank), be
applied to satisfy other obligations of the Borrowers under this Agreement. If the Parent Borrower is required to provide or to cause to be provided an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such
amount (to the extent not applied as aforesaid) shall be returned to the Parent Borrower (or to the applicable Subsidiary Borrower) within three Business Days after all Events of Default have been cured or waived. If the Parent Borrower is required
to provide or to cause to be provided an amount of cash collateral hereunder pursuant to Section 2.22, such amount (to the extent not applied as aforesaid) shall be returned to the Parent Borrower (or to the applicable
Subsidiary Borrower) within three Business Days to the extent that, after giving effect to such return, no Issuing Bank shall have any exposure in respect of any outstanding Letter of Credit that is not fully covered by the Global Tranche Revolving
Commitments of the Non-Defaulting Lenders and/or the remaining cash collateral and no Event of Default shall have occurred and be continuing. 

(k) Existing Letters of Credit. The Existing Letters of Credit shall be Letters of Credit hereunder for all purposes of this Agreement
(including paragraphs (d) and (e) of this Section 2.05) and shall be deemed to have been issued under this Agreement as of the Effective Date. 

(l) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of
any obligations of, or is for the account of, a subsidiary of any Borrower, such Borrower shall be obligated to reimburse the applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. Each Borrower hereby acknowledges
that the issuance of Letters of Credit for the account of any of its subsidiaries inures to the benefit of such Borrower, and that such Borrower’s business derives substantial benefits from the business of such subsidiaries. 

(m) Conversions. In the event that the Loans become immediately due and payable on any date pursuant to
Section 7.01, all amounts (i) that any Borrower is at the time or becomes thereafter required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Letter of Credit
denominated in a Foreign Currency (other than amounts in respect of which the Borrowers have deposited cash collateral, if such cash collateral was deposited in the applicable currency), (ii) that the Global Tranche Lenders are at the time or become
thereafter required to pay to the Administrative Agent (and the Administrative Agent is at the time or becomes thereafter required to distribute to the applicable Issuing Bank) pursuant to paragraph (e) of this
Section 2.05 in respect of unreimbursed LC Disbursements made under any Letter of Credit denominated in a Foreign Currency and (iii) of each Global Tranche Lender’s participation in any Letter of Credit
denominated in a Foreign Currency under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the US Dollar Equivalent, calculated using the LC Exchange Rate on such date (or in the
case of any LC Disbursement made after such date, on the date such LC Disbursement is 

  
 42 

 
made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, any Issuing Bank or any Global Tranche Lender in respect of the obligations
described in this paragraph shall accrue and be payable in US Dollars at the rates otherwise applicable hereunder. 
 (n) Letter of
Credit Amounts. 
 (i) Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to
be the amount of such Letter of Credit available to be drawn at such time; provided that with respect to any Letter of Credit that, by its terms or the terms of any letter of credit application related thereto, provides for one or more
automatic increases in the available amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum amount is available to
be drawn at such time. 
 (ii) For all purposes of this Agreement, if on any date of determination a Letter of Credit has
expired by its terms but any amount may still be drawn thereunder by reason of the operation of Article 29(a) of the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce Publication No. 600 (or such later
version thereof as may be in effect at the applicable time) or Rule 3.13 or Rule 3.14 of the ISP or similar terms of the Letter of Credit itself, or if compliant documents have been presented but not yet honored, such Letter of Credit shall be
deemed to be “outstanding” and “undrawn” in the amount so remaining available to be paid, and the obligations of each Borrower and each Global Tranche Lender hereunder shall remain in full force and effect until the Issuing Banks
and the Global Tranche Lenders shall have no further obligations to make any payments or disbursements under any circumstances with respect to any Letter of Credit. 

SECTION 2.06. Funding of Borrowings. 

(a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds
by 2:00 p.m., Local Time, in the case of each Eurocurrency Loan, and by 4:00 p.m., Local Time, in the case of each ABR Loan, in each case, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the
Lenders; provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting or wiring the funds so
received in the aforesaid account of the Administrative Agent to the deposit account designated in the applicable Borrowing Request; provided that ABR Loans made to finance the reimbursement of an LC Disbursement as provided in
Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank. 
 (b) Unless the
Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may
assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section 2.06 and may, in reliance upon such assumption, make available to the applicable Borrower a
corresponding amount. In such event, if a Lender has not in fact made its 

  
 43 

 
share of the applicable Borrowing available to the Administrative Agent, then such Lender and the applicable Borrower severally agree to pay to the Administrative Agent forthwith on demand such
corresponding amount with interest thereon, for each day from and including the date such amount is made available to the applicable Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender,
(A) if denominated in US Dollars, the greater of (x) the NYFRB Rate and (y) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation and (B) if denominated in a Foreign
Currency, the greater of (x) the rate reasonably determined by the Administrative Agent to be the cost to it of funding such amount, which determination will be conclusive absent manifest error, and, in any event, not less than the Foreign
Currency Overnight Rate and (y) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of such Borrower, the interest rate applicable to such Borrowing. If such
Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. If such Borrower and such Lender shall both pay such interest to the Administrative Agent for the same or an
overlapping period, the Administrative Agent shall promptly remit to such Borrower the amount of such interest paid by such Borrower for such period. Any payment by any Borrower shall be without prejudice to any claim such Borrower may have against
a Lender that shall have failed to make such payment to the Administrative Agent. 
 SECTION 2.07. [Reserved]  

SECTION 2.08. Interest Elections. 

(a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency
Borrowing, shall have an initial Interest Period as specified in such Borrowing Request or as otherwise provided in Section 2.03. Thereafter, the applicable Borrower (or the Parent Borrower on its behalf) may elect to
convert such Revolving Borrowing, if denominated in US Dollars, to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this
Section 2.08. The applicable Borrower (or the Parent Borrower on its behalf) may elect different options with respect to different portions of the affected Revolving Borrowing, in which case each such portion shall be
allocated ratably among the Lenders holding the Loans comprising such Borrowing and the Loans comprising each such portion shall be considered a separate Revolving Borrowing. This Section 2.08 shall not apply to Swingline
Borrowings, which may not be converted or continued. Notwithstanding any other provision of this Section 2.08, (i) no Revolving Borrowing may be converted into or continued as a Borrowing with an Interest Period ending
after the Maturity Date, (ii) no Borrower may change the currency in which any Borrowing is denominated or convert any Borrowing to a Borrowing of a different Class or to a Type not available with respect thereto and (iii) each
conversion or continuation of a Revolving Borrowing shall comply with the applicable provisions of Section 2.02. 

(b) To make an election pursuant to this Section 2.08, the applicable Borrower (or the Parent Borrower on its
behalf) shall notify the Administrative Agent of such election by telephone or submit to the Administrative Agent a completed written Interest Election Request signed by a Responsible Officer of such Borrower (or, as applicable, of the Parent
Borrower) by the time and date that a Borrowing Request would be required under Section 2.03 if such Borrower 

  
 44 

 
were requesting a Revolving Borrowing of the Class and Type and denominated in the currency resulting from such election to be made on the effective date of such election. Each such
telephonic Interest Election Request shall be confirmed promptly by delivery to the Administrative Agent of a completed written Interest Election Request signed by a Responsible Officer of the applicable Borrower (or, as applicable, of the Parent
Borrower). Each such telephonic and written Interest Election Request shall be irrevocable and shall specify the following information in compliance with Section 2.02: 

(i) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to
different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 

(ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; 

(iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; and 

(iv) if the resulting Borrowing is a Eurocurrency Borrowing, the Interest Period to be applicable thereto after giving effect
to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 
 If any such Interest
Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

(c) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the applicable
Class of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (d) If the applicable Borrower (or the
Parent Borrower on its behalf) fails to deliver a timely Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the
end of such Interest Period, such Borrowing shall be continued as a Eurocurrency Borrowing and the applicable Borrower shall be deemed to have elected an Interest Period of one month. Notwithstanding any contrary provision hereof, if an Event of
Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Parent Borrower (provided that no such notice or request shall be required in the case of an Event of Default
described in clause (h) or (i) of Section 7.01), then, so long as an Event of Default is continuing (i) no outstanding Revolving Borrowing may be converted to or (except as contemplated in clause (iii) below)
continued as a Eurocurrency Borrowing, (ii) unless repaid, each Eurocurrency Borrowing denominated in US Dollars shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto, and (iii) unless repaid, each
Eurocurrency Borrowing denominated in a Foreign Currency shall be continued as a Eurocurrency Borrowing with an Interest Period of one month’s duration. 

  
 45 

 SECTION 2.09. Termination and Reduction of Revolving Commitments. 

(a) Unless previously terminated, the Revolving Commitments shall terminate on the Maturity Date. 

(b) The Parent Borrower may at any time terminate, or from time to time reduce, the Revolving Commitments of any Class; provided that
(i) each reduction of the Revolving Commitments of any Class shall be in an amount that is an integral multiple of US$5,000,000 and not less than US$20,000,000, (ii) the Parent Borrower shall not terminate or reduce the Revolving
Commitments of any Class if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.11, (A) the Aggregate Global Tranche Revolving Credit Exposure would exceed Aggregate Global
Tranche Revolving Commitments or the Global Tranche Revolving Credit Exposure of any Lender would exceed the Global Tranche Revolving Commitment of such Lender or (B) the Aggregate US Tranche Revolving Credit Exposure would exceed the Aggregate
US Tranche Revolving Commitments and (iii) the Parent Borrower shall not terminate the Revolving Commitments of any Class without a concurrent termination of the Revolving Commitments of the other Class and shall not reduce the
Revolving Commitments of any Class without a ratable (based on the aggregate amount of the Revolving Commitments of each Class) reduction in the Revolving Commitments of the other Class. 

(c) The Parent Borrower shall notify the Administrative Agent of any election to terminate or reduce the Revolving Commitments of any
Class under paragraph (b) of this Section 2.09 at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following
receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Parent Borrower pursuant to this Section 2.09 shall be irrevocable; provided that a
notice of termination or reduction of the Revolving Commitments of any Class delivered by the Parent Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or the occurrence of one or more other
events specified therein, in which case such notice may be revoked by the Parent Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the
Revolving Commitments of any Class shall be permanent, subject, however, to the Parent Borrower’s right to increase the Revolving Commitments of any Class pursuant to Section 2.20. Each reduction of the
Revolving Commitments of any Class shall be made ratably among the Lenders of such Class in accordance with their respective Revolving Commitments of such Class. 

SECTION 2.10. Repayment of Loans; Evidence of Debt. 

(a) Each Borrower hereby unconditionally promises to pay (i) on the Maturity Date, to the Administrative Agent for the account of each
Lender, the then unpaid principal amount of each Revolving Loan made by such Lender to such Borrower and (ii) on the earlier of the Maturity Date and the fifth Business Day after such Swingline Loan is made, to the Administrative Agent for the
account of each Swingline Lender the then unpaid principal amount of each Swingline Loan made by such Swingline Lender to such Borrower; provided that on each date that a Revolving Borrowing denominated in Euros is made, the Borrowers shall
repay all outstanding Swingline Loans. 

  
 46 

 (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of each Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 

(c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the
Class and Type thereof and the Interest Period, if any, applicable thereto and (ii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 

(d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section 2.10 shall be
prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect
the obligation of each Borrower to repay the Loans in accordance with the terms of this Agreement. 
 (e) Any Lender may request that Loans
of any Class made by it be evidenced by a promissory note. In such event, each applicable Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and
its registered assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to
Section 10.04) be represented by one or more promissory notes in such form. 
 SECTION 2.11. Prepayment of
Loans. 
 (a) The Borrowers shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject
to prior notice in accordance with paragraph (c) of this Section 2.11. 
 (b) If at any time the aggregate
Revolving Credit Exposure of any Class exceeds the aggregate Revolving Commitments of such Class, then (i) on the last day of any Interest Period for any Eurocurrency Revolving Borrowing of such Class and (ii) on each other
Business Day on which any ABR Revolving Borrowing or Swingline Loan of such Class shall be outstanding, the Borrowers shall prepay Loans of such Class in an aggregate amount equal to the lesser of (A) the amount of such excess and
(B) the amount of the applicable Borrowings or Loans referred to in clause (i) or (ii). If at any time the aggregate Revolving Credit Exposure of any Class exceeds 105% of the aggregate Revolving Commitments of such Class, then the
Borrowers shall, not later than the first Business Day following the date the Administrative Agent gives notice of such excess to the Parent Borrower, prepay Loans of such Class in the amount of such excess. 

(c) The applicable Borrower (or the Parent Borrower on its behalf) shall notify the Administrative Agent (and, in the case of prepayment of a
Swingline Borrowing, each Swingline Lender) by telephone (confirmed by fax or email) of any prepayment hereunder (i) in the case of a prepayment of a Eurocurrency Borrowing, not later than 11:00 a.m., Local Time, three Business Days before the
date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., Local Time, one Business Day before the date of prepayment 

  
 47 

 
and (iii) in the case of prepayment of a Swingline Borrowing, not later than 11:00 a.m., Local Time, on the date of prepayment; provided that in the case of a mandatory prepayment
under paragraph (b) of this Section 2.11, such Borrower (or the Parent Borrower on its behalf) may give such later notice as shall be practicable under the circumstances. Each such notice shall be irrevocable and shall
specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that a notice of optional prepayment of any Borrowing may state that such notice is conditioned upon the occurrence of one or
more events specified therein, in which case such notice may be revoked by the applicable Borrower (by notice to the Administrative Agent on or prior to the specified date of prepayment) if such condition is not satisfied. Promptly following receipt
of any such notice, the Administrative Agent shall advise the Lenders of the applicable Class (and, in the case of a prepayment of a Swingline Borrowing, each Swingline Lender) of the contents thereof. Each partial prepayment of any Borrowing shall
be in an amount that would be permitted in the case of an advance of a Borrowing of the same Class, Type and currency as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans
included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13. 

SECTION 2.12. Fees. 
 (a)
Subject to Section 2.22, the Parent Borrower agrees to pay to the Administrative Agent, for the account of each Lender a facility fee, which shall accrue at the Applicable Rate on the daily amount of the Revolving
Commitment of such Lender (whether used or unused) during the period from and including the date hereof to but excluding the date on which such Revolving Commitment terminates; provided that, if any such Lender continues to have any Revolving
Credit Exposure of any Class after its Revolving Commitment of such Class terminates in full, then such facility fee shall continue to accrue on the daily amount of such Lender’s Revolving Credit Exposure of such Class from and
including the date on which its Revolving Commitment of such Class terminates to but excluding the date on which such Lender ceases to have any Revolving Credit Exposure of such Class. Facility fees accrued through and including the last day of
March, June, September and December of each year shall be payable in arrears on the fifteenth day following such last day, commencing on the first such date to occur after the date hereof, and accrued facility fees shall also be payable in arrears
on the date on which the Revolving Commitments of the applicable Class terminate in full; provided that any facility fees accruing with respect to Revolving Credit Exposure of any Class after the date on which the Revolving
Commitments of such Class terminate in full shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the
last day). 
 (b) The Parent Borrower agrees to pay (i) to the Administrative Agent for the account of each Global Tranche Lender a
participation fee with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Rate used to determine the interest rate applicable to Eurocurrency Loans on the average daily amount of such Lender’s LC
Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date on which such Lender’s Global Tranche Revolving Commitment
terminates and the date on which such Lender ceases to have any LC Exposure, and (ii) to each Issuing Bank a fronting fee equal to the rate or rates per annum separately agreed upon by the Parent Borrower and such Issuing Bank on the average
daily 

  
 48 

 
amount of the LC Exposure attributable to Letters of Credit issued by such Issuing Bank (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and
including the Effective Date to but excluding the later of the date of termination of the Global Tranche Revolving Commitments and the date on which there ceases to be any such LC Exposure, as well as each Issuing Bank’s standard fees with
respect to the issuance, amendment or extension of any Letter of Credit and other processing fees, and other standard costs and charges, of such Issuing Bank relating the Letters of Credit as from time to time in effect. Participation fees and
fronting fees accrued through and including the last day of March, June, September and December of each year shall be payable on the fifteenth day following such last day, commencing on the first such date to occur after the Effective Date;
provided that all such fees shall be payable on the date on which the Global Tranche Revolving Commitments terminate and any such fees accruing after the date on which the Global Tranche Revolving Commitments terminate shall be payable on
demand. Any other fees payable to an Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the
actual number of days elapsed (including the first day but excluding the last day). 
 (c) The Parent Borrower agrees to pay to the
Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Parent Borrower and the Administrative Agent. 

(d) All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to the
applicable Issuing Bank, in the case of fees payable to it) for distribution, in the case of facility fees and participation fees, to the Lenders of the applicable Class. Fees paid shall not be refundable under any circumstances. 

SECTION 2.13. Interest. 

(a) The Revolving Loans comprising each ABR Revolving Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate. 

(b) The Revolving Loans comprising each LIBOR Revolving Borrowing denominated in US Dollars shall bear interest at the Adjusted LIBO Rate for
the Interest Period in effect for such Borrowing plus the Applicable Rate. 
 (c) The Revolving Loans comprising each LIBOR Revolving
Borrowing denominated in Sterling shall bear interest at the LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate. 

(d) The Revolving Loans comprising each EURIBOR Revolving Borrowing shall bear interest at the EURIBO Rate for the Interest Period in effect
for such Borrowing plus the Applicable Rate. 
 (e) The Revolving Loans comprising each CDOR Revolving Borrowing shall bear interest at the
CDO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate. 

  
 49 

 (f) Each Swingline Loan shall bear interest at the applicable Foreign Currency Overnight
Rate plus the Applicable Rate. 
 (g) Notwithstanding the foregoing, if any principal of or interest on any Loan, any LC Disbursement or any
fee or other amount payable by the applicable Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal
to (i) in the case of overdue principal of any Loan or any LC Disbursement or any interest on any Loan or any LC Disbursement, 2% plus the rate otherwise applicable to such Loan or such LC Disbursement as provided in the preceding paragraphs of
this Section 2.13 or Section 2.05(h) or (ii) in the case of any other amount, 2% plus the rate applicable to ABR Revolving Loans as provided in paragraph (a) of this
Section 2.13. 
 (h) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for
such Loan and, in the case of Revolving Loans of any Class, upon termination of the Revolving Commitments of such Class; provided that (i) interest accrued pursuant to paragraph (g) of this Section 2.13
shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid
shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurocurrency Revolving Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on
the effective date of such conversion. 
 (i) All interest hereunder shall be computed on the basis of a year of 360 days, except that
(i) interest on Borrowings denominated in Sterling or Canadian Dollars shall be computed on the basis of a year of 365 days and (ii) interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based
on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable
Alternate Base Rate, Adjusted LIBO Rate, LIBO Rate, CDO Rate, EURIBO Rate or Foreign Currency Overnight Rate shall be determined by the Administrative Agent in accordance with the terms of this Agreement, and such determination shall be conclusive
absent manifest error. 
 (j) For the purposes of the Interest Act (Canada) and disclosure thereunder, whenever any interest or any
fee to be paid hereunder or in connection herewith is to be calculated on the basis of a 360-day or 365-day year, the yearly rate of interest to which the rate used in
such calculation is equivalent is the rate so used multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365, as applicable. The rates of interest under this Agreement are nominal
rates, and not effective rates or yields. The principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement. 

SECTION 2.14. Alternate Rate of Interest. (a) If prior to the commencement of any Interest Period for a Eurocurrency Borrowing
denominated in any currency: 
 (i) the Administrative Agent determines (which determination shall be made in good faith and
conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate, the LIBO Rate, the CDO Rate or the EURIBO Rate, as applicable (including because the applicable Screen Rate is not available
or published on a current basis), for such Interest Period; or 

  
 50 

 (ii) the Administrative Agent is advised by the Required Lenders or by the
Majority in Interest of the Lenders of the applicable Class that the Adjusted LIBO Rate, the LIBO Rate, the CDO Rate or the EURIBO Rate, as applicable, for such Interest Period will not adequately and fairly reflect the cost to such Lenders of
making or maintaining their Loans included in such Borrowing for such Interest Period; 
 then the Administrative Agent shall give notice
thereof (which may be by telephone) to the Parent Borrower and the Lenders as promptly as practicable thereafter and, until the Administrative Agent notifies the Parent Borrower and the Lenders that the circumstances giving rise to such notice no
longer exist, (A) any Interest Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurocurrency Borrowing denominated in such currency and for such Interest Period shall
be ineffective and (1) if such Revolving Borrowing is denominated in US Dollars, such Revolving Borrowing, unless repaid, shall be converted to, on the last day of the Interest Period applicable thereto, an ABR Revolving Borrowing or
(2) if such Revolving Borrowing is denominated in any Foreign Currency, such Revolving Borrowing shall be repaid on the last day of the Interest Period applicable thereto and (B) if any Borrowing Request requests a Eurocurrency Revolving
Borrowing denominated in such currency and for such Interest Period, then (1) if such Revolving Borrowing is denominated in US Dollars, such Borrowing shall be made as an ABR Revolving Borrowing or (2) if such Revolving Borrowing is
denominated in any Foreign Currency, such Borrowing Request shall be ineffective. If the Administrative Agent determines (which determination shall be made in good faith and conclusive absent manifest error) that adequate and reasonable means do not
exist for ascertaining the Foreign Currency Overnight Rate with respect to any Foreign Currency, then the Administrative Agent shall give notice thereof to the Parent Borrower, the Swingline Lenders and the Issuing Banks (which may be by telephone)
as promptly as practicable thereafter and, until the Administrative Agent notifies the Parent Borrower, the Swingline Lenders and the Issuing Banks that the circumstances giving rise to such notice no longer exist, (x) if such Foreign Currency
is Euro, no Swingline Lender shall have any obligation to make Swingline Loans and any Swingline Loan then outstanding shall be repaid by the applicable Borrower on the first Business Day following the date on which the Parent Borrower receives such
notice (and, prior to the repayment thereof, shall bear interest at a rate per annum equal to the sum of the rate determined (which determination shall be made in good faith and conclusive absent manifest error) by the applicable Swingline Lender to
be the cost to it of funding such Swingline Loan plus the Applicable Rate) and (y) any LC Disbursement denominated in such Foreign Currency that, pursuant to Section 2.05(h), on any day bears interest by reference to
the Foreign Currency Overnight Rate shall instead bear interest on such day at a rate per annum equal to the sum of the rate determined (which determination shall be made in good faith and conclusive absent manifest error) by the applicable Issuing
Bank to be the cost to it of funding such LC Disbursement plus the Applicable Rate used to determine interest applicable to Eurocurrency Loans. 

  
 51 

 (b) If at any time the Administrative Agent determines (which determination shall be made in
good faith and conclusive absent manifest error) that (i) the circumstances set forth in paragraph (a)(i) of this Section 2.14 have arisen (including because the applicable Screen Rate is not available or published on
a current basis) and such circumstances are unlikely to be temporary or (ii) the circumstances set forth in paragraph (a)(i) of this Section 2.14 have not arisen but either (w) the supervisor for the administrator
of the applicable Screen Rate has made a public statement that the administrator of the applicable Screen Rate is insolvent (and there is no successor administrator that will continue publication of the applicable Screen Rate), (x) the administrator
of the applicable Screen Rate has made a public statement identifying a specific date after which the applicable Screen Rate will permanently or indefinitely cease to be published by it (and there is no successor administrator that will continue
publication of the applicable Screen Rate), (y) the supervisor for the administrator of the applicable Screen Rate has made a public statement identifying a specific date after which the applicable Screen Rate will permanently or indefinitely cease
to be published or (z) the supervisor for the administrator of the applicable Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which the
applicable Screen Rate may no longer be used for determining interest rates for loans, then the Administrative Agent and the Parent Borrower shall endeavor to establish an alternate rate of interest to the LIBO Rate, the CDO Rate or the EURIBO Rate,
as the case may be, that gives due consideration to the then prevailing market convention for determining a rate of interest for syndicated loans denominated in the applicable currency in the United States at such time, and shall enter into an
amendment to this Agreement to reflect such alternate rate of interest and such other related changes to this Agreement as may be applicable (but for the avoidance of doubt, such related changes shall not include a reduction of the Applicable Rate);
provided that, if such alternate rate of interest as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. Notwithstanding anything to the contrary in
Section 10.02, such amendment shall become effective without any further action or consent of any other party to this Agreement so long as the Administrative Agent shall not have received, within five Business Days of the
date a copy of such amendment is provided to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment. Until an alternate rate of interest shall be determined in accordance with this
paragraph (but, in the case of the circumstances described in clause (ii)(w), clause (ii)(x) or clause (ii)(y) of the first sentence of this paragraph, only to the extent the applicable Screen Rate for the applicable currency and Interest Period is
not available or published at such time on a current basis), clauses (A) and (B) of paragraph (a) of this Section 2.14 shall be applicable with respect to Revolving Borrowings denominated in the applicable
currency. 
 SECTION 2.15. Increased Costs. 

(a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, liquidity or similar requirement (including any compulsory
loan requirement, insurance charge or other assessment) against assets of, deposits with or for the account of, or credit extended or participations in, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate) or any
Issuing Bank; or 

  
 52 

 (ii) impose on any Lender or any Issuing Bank or the Relevant Interbank
Market any other condition, cost or expense (other than Taxes) affecting this Agreement or Eurocurrency Loans made by such Lender or any Letter of Credit or participation therein; 

(iii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses
(b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations or its deposits, reserves, other liabilities or capital attributable
thereto; 
 and the result of any of the foregoing shall be to increase the cost to such Lender or such other Recipient of making, converting to, continuing
or maintaining any Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender, Issuing Bank or other Recipient of participating in, issuing or maintaining any Letter of Credit (or of maintaining its
obligation to participate in or to issue any Letter of Credit) or to reduce the amount of any sum received or receivable by such Lender, Issuing Bank or other Recipient hereunder (whether of principal, interest or otherwise), then the Parent
Borrower will pay to such Lender, Issuing Bank or other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender, Issuing Bank or other Recipient, as the case may be, for such additional costs incurred or
reduction suffered. 
 (b) If any Lender or Issuing Bank determines that any Change in Law regarding capital or liquidity requirements has
or would have the effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s holding company, if any, as a consequence of this Agreement, the Revolving
Commitment of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or Issuing Bank or such Lender’s or
Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing Bank’s policies and the policies of such Lender’s or Issuing Bank’s holding company with
respect to capital adequacy and liquidity), then from time to time the Parent Borrower will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Bank or such
Lender’s or Issuing Bank’s holding company, as the case may be, for any such reduction actually suffered. 
 (c) A certificate of
a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or such Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this
Section 2.15 shall be delivered to the Parent Borrower and shall be conclusive absent manifest error. The Parent Borrower shall pay such Lender or such Issuing Bank, as the case may be, the amount shown as due on any such
certificate within 30 days after receipt thereof. 
 (d) Failure or delay on the part of any Lender or Issuing Bank to demand compensation
pursuant to this Section 2.15 shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided that the Parent Borrower shall not be required to compensate a
Lender or an Issuing Bank pursuant to this Section 2.15 for any increased costs or reductions incurred more than 60 days prior to the date that such Lender or Issuing Bank, 

  
 53 

 
as the case may be, notifies the Parent Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s intention to claim
compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 60-day period referred to above shall be extended to
include the period of retroactive effect thereof. 
 SECTION 2.16. Break Funding Payments. In the event of (a) the payment of
any principal of any Eurocurrency Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion or continuation of any Eurocurrency Loan other than on the last day of the
Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Eurocurrency Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked hereunder and is
revoked in accordance therewith) or (d) the assignment of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto pursuant to Section 2.20(c) or as a result of a request by the Parent
Borrower pursuant to Section 2.19, then, in any such event, the Parent Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurocurrency Loan, such loss, cost or
expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the
Adjusted LIBO Rate, the LIBO Rate, the CDO Rate or the EURIBO Rate, as the case may be, that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the
case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which
such Lender would bid were it to bid, at the commencement of such period, for deposits in the applicable currency of a comparable amount and period from other banks in the Relevant Interbank Market. A certificate of any Lender setting forth any
amount or amounts that such Lender is entitled to receive pursuant to this Section 2.16 and setting forth in reasonable detail the manner in which such amount or amounts shall have been determined shall be delivered to the
Parent Borrower and shall be conclusive absent manifest error. The Parent Borrower shall pay such Lender the amount shown as due on any such certificate within 30 days after receipt thereof. 

SECTION 2.17. Taxes. 

(a) Any and all payments by or on account of any obligation of any Borrower or Subsidiary Guarantor under this Agreement shall be made without
deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of the applicable Withholding Agent) requires the deduction or withholding of any Tax from any such
payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with
applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Borrower or Subsidiary Guarantor shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and
withholdings applicable to additional sums payable under this Section 2.17 ) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

  
 54 

 (b) Without duplication of any other obligation contained in this
Section 2.17, the Borrowers and the Subsidiary Guarantors shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 

(c) Without duplication of any other obligation contained in this Section 2.17, the Borrowers and the Subsidiary
Guarantors shall indemnify each Recipient, within 30 days after written demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this
Section 2.17) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified
Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Parent Borrower by a Lender or an Issuing Bank (with a copy to the
Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error. 

(d) Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes
attributable to such Lender (but only to the extent that the Borrowers and the Subsidiary Guarantors have not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrowers and the
Subsidiary Guarantors to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.04(c) relating to the maintenance of a Participant Register and (iii) any Excluded
Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with this Agreement, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly
or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby
authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the
Administrative Agent under this paragraph (d). 
 (e) As soon as practicable after any payment of Taxes by any Borrower or Subsidiary
Guarantor to a Governmental Authority pursuant to this Section 2.17, such Borrower or Subsidiary Guarantor shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(f) (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under this Agreement
shall deliver to the Parent Borrower and the Administrative Agent, at the time such Person becomes a party to this Agreement and at such time or times reasonably requested by the Parent Borrower or the Administrative Agent, such properly completed
and executed documentation prescribed by applicable law or reasonably requested by the Parent Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any
Lender, if reasonably requested by the Parent Borrower or the Administrative Agent, shall deliver 

  
 55 

 
such other documentation prescribed by applicable law or reasonably requested by the Parent Borrower or the Administrative Agent as will enable the Parent Borrower or the Administrative Agent to
determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation
(other than such documentation set forth in Section 2.17(f)(ii)(A), 2.17(f)(ii)(B) and 2.17(f)(ii)(D)) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission
would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii) Without limiting the generality of the foregoing, 

(A) any Lender that is a U.S. Person shall deliver to the Parent Borrower and the Administrative Agent on or prior to the date
on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Parent Borrower or the Administrative Agent), an executed IRS Form W-9 (or
successor form) certifying that such Lender is exempt from U.S. Federal backup withholding tax; 
 (B) any Foreign Lender
shall, to the extent it is legally entitled to do so, deliver to the Parent Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the reasonable request of the Parent Borrower or the Administrative Agent), whichever of the following is applicable: 

(1) (x) with respect to payments of interest under this Agreement, an executed IRS Form W-8BEN-E or IRS Form W-8BEN (or successor forms) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest”
article of such tax treaty and (y) with respect to any other applicable payments under this Agreement, IRS Form W-8BEN-E or IRS Form
W-8BEN (or successor forms) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;

 (2) an executed IRS Form W-8ECI (or successor forms); 

(3) (x) a certificate substantially in the form of Exhibit F-1 to the effect
that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Parent Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a
“controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) an executed of IRS Form
W-8BEN-E or IRS Form W-8BEN (or successor forms); or 

  
 56 

 (4) an executed IRS Form W-8IMY (or
successor forms), accompanied by a Form W-8ECI (or successor forms), W-8BEN-E or W-8BEN
(or successor forms), a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-2 or F-3, Form W-9,
and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership (and not a participating Lender) and one or more beneficial owners of such Foreign Lender are claiming the
portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-4 on behalf of each such beneficial owner; 

(C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Parent Borrower and the
Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the
Parent Borrower or the Administrative Agent), executed copies of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal or Canadian withholding Tax, duly completed, together with such
supplementary documentation as may be prescribed by applicable law to permit the Parent Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under this Agreement would be subject to U.S. federal withholding Tax imposed by FATCA if
such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Parent Borrower and the Administrative
Agent at the time or times prescribed by law and at such time or times reasonably requested by the Parent Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i)
of the Code) and such additional documentation reasonably requested by the Parent Borrower or the Administrative Agent as may be necessary for the Parent Borrower and the Administrative Agent to comply with their obligations under FATCA and to
determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made
to FATCA after the date of this Agreement. 
 Each Lender agrees that if any form or certification it previously delivered expires or
becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Parent Borrower and the Administrative Agent in writing of its legal inability to do so. 

(g) If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has
been indemnified pursuant to this Section 2.17 (including by the payment of additional amounts pursuant to this Section 2.17), it shall pay to the indemnifying party an amount equal to such refund
(but only to the extent of indemnity payments made under this Section 2.17 with respect to the Taxes giving rise to such refund), net 

  
 57 

 
of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any
interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (plus any
penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this
paragraph, in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph the payment of which would place the indemnified party in a less favorable net
after-Tax position than the indemnified party would have been in if the Tax subject to the indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the
indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes
that it deems confidential) to the indemnifying party or any other Person. 
 (h) For purposes of this
Section 2.17, references to a Lender shall include any Issuing Bank and the term “applicable law” shall include FATCA. 

SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 

(a) Each Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC
Disbursements or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior to the time expressly required hereunder for such payment or, if no such time is expressly required, prior to 1:00
p.m., Local Time, on the date when due, in immediately available funds, without set-off, recoupment or counterclaim. Any amounts received after such time on any date may, in the discretion of the
Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at such account as the Administrative Agent shall
from time to time specify in a notice delivered to the Parent Borrower, except payments to be made directly to an Issuing Bank or a Swingline Lender as expressly provided herein shall be so made and except that payments pursuant to Sections
2.15, 2.16, 2.17 and 10.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient
promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest
thereon shall be payable for the period of such extension. All payments hereunder of (i) principal or interest in respect of any Loan shall be made in the currency in which such Loan is denominated and (ii) reimbursement obligations shall
be made in the currency in which the Letter of Credit in respect of which such reimbursement obligation exists is denominated, except as otherwise expressly provided in Sections 2.05(e) and 2.05(m). All other payments hereunder shall be made in US
Dollars. 
 (b) If at any time insufficient funds are received by and available to the Administrative Agent from the Borrowers to pay fully
all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder by the Borrowers, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled

  
 58 

 
thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder,
ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties. 

(c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain
payment in respect of any principal of or interest on any of its Revolving Loans or participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Revolving
Loans or participations in LC Disbursements or Swingline Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in
the Revolving Loans and participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of
principal of and accrued interest on their respective Revolving Loans and participations in LC Disbursements and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving
rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by
any Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Revolving Loans or participations in LC
Disbursements or Swingline Loans to any assignee or participant, other than to the Parent Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). Each of the Borrowers consents to the foregoing and
agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Borrower rights of set-off and
counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in the amount of such participation. 

(d) Unless the Administrative Agent shall have received notice from the applicable Borrower prior to the date on which any payment is due to
the Administrative Agent for the account of the Lenders or an Issuing Bank hereunder that such Borrower will not make such payment, the Administrative Agent may assume that such Borrower has made such payment on such date in accordance herewith and
may, in reliance upon such assumption, distribute to the Lenders or the applicable Issuing Bank, as the case may be, the amount due. In such event, if the applicable Borrower has not in fact made such payment, then each of the Lenders or the
applicable Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or such Issuing Bank with interest thereon, for each day from and including the date such
amount is distributed to it to but excluding the date of payment to the Administrative Agent, (i) if denominated in US Dollars, the greater of (x) the NYFRB Rate and (y) a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation and (ii) if denominated in a Foreign Currency, the greater of (x) the rate reasonably determined by the Administrative Agent to be the cost to it of funding such amount, which determination
will be conclusive absent manifest error, and, in any event, not less than the Foreign Currency Overnight Rate and (y) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

  
 59 

 (e) If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.04(c), 2.05(d), 2.05(e), 2.06(b) or 2.18(d), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received
by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

SECTION 2.19. Mitigation Obligations Replacement of Lenders. 

(a) If any Lender requests compensation under Section 2.15, or if any Borrower is required to pay any Indemnified
Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall (at the request of the Parent Borrower) use reasonable efforts to
designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliates, if, in the judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not
otherwise be disadvantageous to such Lender. The Parent Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b) If (i) any Lender requests compensation under Section 2.15, (ii) any Borrower or Subsidiary Guarantor is
required to pay any Indemnified Taxes (other than VAT that is recoverable from any Governmental Authority) or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17
(other than additional amounts arising from VAT that are recoverable from any Governmental Authority), (iii) any Lender is a Defaulting Lender, (iv) any Lender is a Non-Extending Lender or
(v) any Lender has failed to consent to a proposed amendment, waiver, discharge or termination that under Section 10.02 requires the consent of all the Lenders (or all the affected Lenders) and with respect to which
the Required Lenders shall have granted their consent, then the Parent Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance
with and subject to the restrictions contained in Section 10.04), all its interests, rights (other than its existing rights to payments pursuant to Section 2.15, 2.17 or 10.03) and
obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (A) to the extent required by
Section 10.04(b), the Parent Borrower shall have received the prior written consent of the Administrative Agent, each Issuing Bank and each Swingline Lender, which consent shall not unreasonably be withheld or delayed,
(B) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it
hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Parent Borrower (in the case of all other amounts), (C) in the case of any such assignment resulting from a claim for compensation under
Section 2.15 or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments, (D) such assignment does not conflict with
applicable law, (E) in the case of any such assignment and delegation resulting from the status of such Lender as a Non-Extending Lender, the assignee shall have agreed to the applicable Extension and
(F) in the case of any such assignment and delegation resulting from the failure to provide a 

  
 60 

 
consent, the assignee shall have given such consent. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Parent Borrower to require such assignment and delegation cease to apply. Each party hereto agrees that an assignment and delegation required pursuant to this paragraph may be effected pursuant to an
Assignment and Assumption executed by the Parent Borrower, the Administrative Agent and the assignee and that the Lender required to make such assignment and delegation need not be a party thereto. 

SECTION 2.20. Increase in Revolving Commitments. 

(a) The Parent Borrower may, from time to time by written notice to the Administrative Agent (which shall promptly deliver a copy to each of
the Lenders), request that the Revolving Commitments of any Class be increased by an amount not less than US$10,000,000 for any such increase; provided that after giving effect to all such increases, the total amount of the Revolving
Commitments shall not exceed US$2,500,000,000. Such notice shall set forth (i) the amount of the requested increase in the Revolving Commitments and the Class thereof and (ii) the date on which such increase is requested to become
effective (which shall be not less than 10 Business Days or more than 60 days after the date of such notice), and shall offer each Lender of the applicable Class the opportunity to increase its Revolving Commitment of such Class by its
ratable share of the proposed increase amount. Each Lender of such Class shall, by notice to the Parent Borrower and the Administrative Agent given not more than 10 days after the date of the Parent Borrower’s notice, either agree to
increase its Revolving Commitment of the applicable Class by all or a portion of the offered amount (each Lender so agreeing being an “Increasing Lender”) or decline to increase its Revolving Commitment of such Class (and any
such Lender that does not deliver such a notice within such period of 10 days shall be deemed to have declined to increase its Revolving Commitment) (each such Lender so declining or deemed to have declined being a “Non-Increasing Lender”). In the event that, on the 10th day after the Parent Borrower shall have delivered a notice pursuant to the first sentence of this paragraph, the Lenders of the applicable
Class shall have declined the requested increase or agreed pursuant to the preceding sentence to increase their Revolving Commitments of such Class by an aggregate amount less than the increase in the total Revolving Commitments requested
by the Parent Borrower, the Parent Borrower may arrange for one or more banks or other financial institutions (any such bank or other financial institution being called an “Augmenting Lender”), which may include any Lender, to
extend Revolving Commitments of the applicable Class or increase their existing Revolving Commitments of such Class in an aggregate amount equal to the unsubscribed amount; provided that each Augmenting Lender, if not already a
Lender hereunder, shall be subject to the approval of the Administrative Agent, each Issuing Bank and each Swingline Lender (which approval shall not be unreasonably withheld or delayed). Any increase in the Revolving Commitments of any
Class may be made in an amount which is less than the increase requested by the Parent Borrower if the Parent Borrower is unable to arrange for, or chooses not to arrange for, Augmenting Lenders. 

(b) An increase in the Revolving Commitments of any Class pursuant to this Section 2.20 (a “Commitment
Increase”) shall become effective pursuant to a written agreement (the “Incremental Commitments Agreement”) entered into by the Parent Borrower, the applicable Increasing Lenders, the applicable Augmenting Lenders and the
Administrative Agent, which shall specify the date as of which such increase shall become effective (the “Increase Effective Date”); provided that no increase in the Revolving Commitments of any Class shall become
effective 

  
 61 

 
under this Section 2.20 unless (i) on the applicable Increase Effective Date, (A) the representations and warranties of the Parent Borrower set forth in set
forth in this Agreement shall be true and correct in all material respects (without duplication of any materiality qualifier) on and as of such date (unless expressly made as of another date, in which case such representations and warranties shall
be true and correct in all material respects (without duplication of any materiality qualifier) on and as of such other date) and (B) immediately after giving effect to such increase, no Default or Event of Default shall have occurred and be
continuing, and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial Officer of the Parent Borrower, (ii) the Administrative Agent shall have received documents consistent with
those delivered on the Effective Date under paragraphs (b) and (c) of Section 4.01 as to the corporate power and authority of the Borrowers to borrow hereunder after giving effect to such increase (or, if such
documents delivered on the Effective Date already contemplate an increase in an amount at least equal to the amount of such increase, stating that such documents remain in full force and effect on the date of such increase and have not in any way
been annulled, modified, rescinded or revoked) and (iii) the Administrative Agent shall have received customary reaffirmation agreements from the Subsidiary Guarantors, if any. 

(c) On the Increase Effective Date of any Commitment Increase (i) each of the Non-Increasing
Lenders shall assign to each of the Increasing Lenders and Augmenting Lenders, and each of the Increasing Lenders and Augmenting Lenders shall purchase from each of the Non-Increasing Lenders, at the principal
amount thereof, such interests in the outstanding Revolving Loans of the applicable Class and, in the case of a Commitment Increase with respect to the Global Tranche Revolving Commitments, participations in Letters of Credit and Swingline
Loans outstanding on such Increase Effective Date as will result in, after giving effect to all such assignments and purchases, such Revolving Loans and participations in Letters of Credit and Swingline Loans being held by Lenders of the applicable
Class ratably in accordance with their Revolving Commitments of such Class after giving effect to the increase in the Revolving Commitments of such Class arising from such Commitment Increase, (ii) the additional Revolving
Commitment provided by each Increasing Lender shall increase its Revolving Commitment of the applicable Class, and the Revolving Commitment of each Augmenting Lender shall constitute a Revolving Commitment of the applicable Class, in each case, for
all purposes hereof, and each Revolving Loan made thereunder shall be deemed, for all purposes hereof, a Revolving Loan of the applicable Class and have the same terms as any existing Revolving Loan of such Class and (iii) each
Augmenting Lender shall become a Lender with respect to the Revolving Commitments of the applicable Class and all matters relating thereto. For the avoidance of doubt, upon the effectiveness of any Commitment Increase with respect to the Global
Tranche Revolving Commitments, the Global Tranche Percentages of the Global Tranche Lenders shall automatically be adjusted to give effect thereto. 

SECTION 2.21. Extension of Maturity Date. 

(a) The Parent Borrower may, up to two times during the term hereof, by written notice (an “Extension Notice”) delivered to
the Administrative Agent not less than 30 days and not more than 90 days prior to an anniversary of the Effective Date, request an extension (each, an “Extension”) of the Maturity Date to a date no later than the first anniversary
of the then existing Maturity Date (such existing Maturity Date, the “Existing Maturity Date”). 

  
 62 

 (b) The Administrative Agent shall promptly furnish a copy of each Extension Notice to each
Lender, and shall request that each Lender advise the Administrative Agent whether or not such Lender agrees to the requested Extension within 20 days of delivery to such Lender of such Extension Notice; provided that any Lender that does not
advise the Administrative Agent by the 20th day after the date of such Extension Notice shall be deemed to be have declined the requested Extension (each Lender agreeing to the requested Extension being called an “Extending Lender”,
and each Lender declining or deemed to have declined to agree to the requested Extension being called a “Non-Extending Lender”). The decision to agree or withhold agreement to any Extension
hereunder shall be at the sole discretion of each Lender. If Lenders constituting not less than the Required Lenders shall have agreed to extend the Maturity Date on or before the anniversary of the Effective Date immediately following the delivery
of the applicable Extension Notice, then, effective as of the Extension Closing Date (as defined below) with respect thereto, the Maturity Date applicable to the Extending Lenders shall be the first anniversary of the Existing Maturity Date;
provided that no extension of the Maturity Date pursuant to this Section 2.21 shall become effective unless (the first date on which such consent of the Required Lenders is obtained and the conditions specified in
this proviso are satisfied with respect to the applicable Extension being called the “Extension Closing Date”) (i) on the applicable Extension Closing Date, (A) the representations and warranties of the Parent Borrower set
forth in Article III shall be true and correct in all material respects (without duplication of any materiality qualifier) on and as of such date (unless expressly made as of another date, in which case such representations and warranties
shall be true and correct in all material respects (without duplication of any materiality qualifier) on and as of such other date) and (B) immediately after giving effect to the applicable Extension, no Default or Event of Default shall have
occurred and be continuing, and the Administrative Agent shall have received a certificate to that effect dated such date, and executed by a Financial Officer of the Parent Borrower and (ii) the Administrative Agent shall have received
customary reaffirmation agreements from the Subsidiary Guarantors, if any. The Revolving Commitment of each Non-Extending Lender shall terminate on the Existing Maturity Date, and the principal amount of any
outstanding Revolving Loans made by such Non-Extending Lender, together with any accrued interest thereon, and any accrued fees and other amounts payable to or for the account of such Non-Extending Lender hereunder shall be due and payable on the Existing Maturity Date and such Non-Extending Lender shall be released from its participation in then
outstanding Letters of Credit and Swingline Loans effective on the Existing Maturity Date. Notwithstanding the foregoing provisions of this paragraph, (A) the Parent Borrower shall have the right, pursuant to
Section 2.19(b), to replace a Non-Extending Lender with a Lender or other financial institution that will agree to an Extension, (B) the Parent Borrower shall have the right, any
time prior to the effective date of any Extension, to withdraw its request for an Extension by written notice to the Administrative Agent, in which case the Revolving Commitments of all the Lenders will terminate on the Existing Maturity Date,
(C) the terms “Availability Period” and “Maturity Date” (without taking into consideration any extension pursuant to this Section 2.21), as such terms are used in reference to any Issuing Bank or
any Letters of Credit issued by such Issuing Bank or any Swingline Lender or any Swingline Loans made by such Swingline Lender, may not be extended without the prior written consent of such Issuing Bank or such Swingline Lender, as applicable (it
being understood and agreed that, in the event any Issuing Bank or any Swingline Lender shall not have consented to any Extension, (1) such Issuing Bank or such Swingline Lender, as applicable, shall continue to have all the rights and
obligations of an Issuing Bank or a Swingline Lender, as applicable, hereunder through the applicable Existing Maturity Date (or the Availability Period 

  
 63 

 
determined on the basis thereof, as applicable), and thereafter shall have no obligation to issue, amend or extend any Letter of Credit or make any Swingline Loan (but shall, in each case,
continue to be entitled to the benefits of Sections 2.04, 2.05, 2.15, 2.17, 10.03 and 10.08, as applicable, as to Letters of Credit or Swingline Loans issued or made prior to such time), and (2) the
Borrowers shall cause the LC Exposure attributable to Letters of Credit issued by such Issuing Bank and the Swingline Exposure attributable to Swingline Loans made by such Swingline Lender to be zero no later than the day on which such LC Exposure
or Swingline Exposure, as applicable, would have been required to have been reduced to zero in accordance with the terms hereof without giving effect to the effectiveness of the extension of the applicable Existing Maturity Date pursuant to this
paragraph (and in any event, no
latterlater than such Existing
Maturity Date)). 
 SECTION 2.22. Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any
Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 
 (a)
facility fees shall accrue on the amount of the Revolving Commitment of any Class of such Defaulting Lender pursuant to Section 2.12(a) only to the extent of the Revolving Credit Exposure of such Class of such
Defaulting Lender (excluding any portion thereof constituting Swingline Exposure or LC Exposure of such Defaulting Lender that is subject to reallocation under clause (c)(i) below); 

(b) the Revolving Commitment and Revolving Credit Exposure of such Defaulting Lender shall not be included in determining whether the Required
Lenders or the Majority in Interest of Lenders of any Class have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 10.02); provided
that, except as otherwise provided in Section 10.02, this clause (b) shall not apply to the vote of a Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent of each Lender or
each Lender affected thereby; 
 (c) if any LC Exposure or Swingline Exposure exists at the time a Global Tranche Lender becomes a
Defaulting Lender then: 
 (i) the LC Exposure and the Swingline Exposure of such Defaulting Lender (other than (x) in
the case of a Defaulting Lender that is a Swingline Lender, any portion of such Swingline Exposure referred to in clause (b) of the definition of the term “Swingline Exposure” and (y) any portion of such Swingline Exposure or LC
Exposure with respect to which such Defaulting Lender shall have funded its participation as contemplated by Section 2.04(c) or Sections 2.05(d) and 2.05(e), as applicable) shall be reallocated among the Non-Defaulting Lenders that are Global Tranche Lenders in proportion to their respective Global Tranche Percentages, but only to the extent (A) the sum of all such
Non-Defaulting Lenders’ Global Tranche Revolving Credit Exposures plus such Defaulting Lender’s Swingline Exposure (other than any portion thereof referred to in the parenthetical clause above) plus
such Defaulting Lender’s LC Exposure (other than any portion thereof referred to in the parenthetical clause above) does not exceed the sum of all such Non-Defaulting Lenders’ Global Tranche
Revolving Commitments and (B) after giving effect to such reallocation, the Global Tranche Revolving Credit Exposure of any Non-Defaulting Lender does not exceed the Global Tranche Revolving Commitment of
such Lender; 

  
 64 

 (ii) if the reallocation described in clause (i) above cannot, or can
only partially, be effected, the Borrowers shall within one Business Day following notice by the Administrative Agent (x) first, prepay the portion of such Defaulting Lender’s Swingline Exposure (other than any portion thereof referred to
in the first parenthetical clause in clause (i) above) and (y) second, cash collateralize for the benefit of each Issuing Bank such Defaulting Lender’s LC Exposure (other than any portion thereof referred to in the first parenthetical
clause in clause (i) above) in accordance with the procedures set forth in Section 2.05(j); 

(iii) if the Borrowers cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to clause
(ii) above, the Parent Borrower shall not be required to pay any fees to or for the benefit of such Defaulting Lender pursuant to Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure during the
period such Defaulting Lender’s LC Exposure is cash collateralized; 
 (iv) if the LC Exposure of such Defaulting Lender
is reallocated pursuant to clause (i) above, then the fees payable to the Non-Defaulting Lenders pursuant to Sections 2.12(a) and 2.12(b) shall be adjusted in accordance with the amounts of
LC Exposure reallocated to the Non-Defaulting Lenders; and 
 (v) if all or any
portion of such Defaulting Lender’s LC Exposure that is subject to reallocation pursuant to clause (i) above is neither reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights or
remedies of the applicable Issuing Bank or any other Lender hereunder, all fees payable under Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to the Issuing Banks (and allocated
among them ratably based on the amount of such portion of the LC Exposure of such Defaulting Lender attributable to Letters of Credit issued by each Issuing Bank) until and to the extent that such LC Exposure is reallocated and/or cash
collateralized; 
 (d) so long as a Global Tranche Lender is a Defaulting Lender, no Swingline Lender shall be required to fund any
Swingline Loan and no Issuing Bank shall be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding Swingline Exposure and LC Exposure will be 100%
covered by the Global Tranche Revolving Commitments of the Non-Defaulting Lenders and/or cash collateral will be provided by the Borrowers in accordance with Section 2.22(c), and
participating interests in any newly made Swingline Loan or newly issued or increased Letter of Credit shall be allocated among Global Tranche Lenders that are Non-Defaulting Lenders in a manner consistent
with Section 2.22(c)(i) (and such Defaulting Lender shall not participate therein); and 
 (e) any
payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise) or received by the
Administrative Agent from a Defaulting Lender pursuant to Section 10.08 shall be applied at such time or times as may be 

  
 65 

 
determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment
on a pro rata basis of any amounts owing by such Defaulting Lender to the Swingline Lenders and the Issuing Banks hereunder; third, to be held as cash collateral for such Defaulting Lender’s LC Exposure other than any portion of such LC
Exposure that has been reallocated to other Global Tranche Lenders or cash collateralized in accordance with the terms hereof; fourth, as the Parent Borrower may request (so long as no Default or Event of Default exists), to the funding of
any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Parent Borrower,
to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) cash collateralize the future funding
obligations of such Defaulting Lender of any participation in any Letter of Credit; sixth, to the payment of any amounts owing to the Lenders or the Issuing Banks as a result of any judgment of a court of competent jurisdiction obtained by
any Lender or any Issuing Bank against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any
amounts owing to any Borrower as a result of any judgment of a court of competent jurisdiction obtained by such Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and
eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Revolving Loans or LC Disbursements in respect of which
such Defaulting Lender has not fully funded its appropriate share, and (y) such Revolving Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were
satisfied or waived, such payment shall be applied solely to pay the Revolving Loans of, and LC Disbursements owed to, all Non-Defaulting Lenders of the applicable Class on a pro rata basis prior to being
applied to the payment of any Revolving Loans of, or LC Disbursements owed to, such Defaulting Lender until such time as all Revolving Loans and funded and unfunded participations in LC Disbursements and Swingline Loans are held by the Lenders pro
rata in accordance with the Revolving Commitments of the applicable Class without giving effect to Section 2.22(c)(i). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied
(or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section 2.22(e) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

 (f) If (i) a Bankruptcy Event or Bail-In Action with respect to a Parent of any Global
Tranche Lender shall occur following the Effective Date and for so long as such event shall continue or (ii) any Swingline Lender or Issuing Bank has a good faith belief that any Global Tranche Lender has defaulted in fulfilling its obligations
under one or more other agreements in which such Global Tranche Lender commits to extend credit, such Swingline Lender shall not be required to fund any Swingline Loan and no Issuing Bank shall be required to issue, extend, amend or increase any
Letter of Credit, unless the applicable Swingline Lender or Issuing Bank shall have entered into arrangements with the Parent Borrower or such Global Tranche Lender, satisfactory to such Swingline Lender or Issuing Bank, as the case may be, to
defease any risk to it in respect of such Global Tranche Lender hereunder. 

  
 66 

 (g) In the event that the Administrative Agent, the Parent Borrower and, in the case of a
Defaulting Lender that is a Global Tranche Lender, each Swingline Lender and each Issuing Bank each agrees that a Defaulting Lender of any Class has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then
(i) if such Defaulting Lender is a Global Tranche Lender, the Swingline Exposure and LC Exposure of the Global Tranche Lenders shall be readjusted to reflect the inclusion of such Lender’s Global Tranche Revolving Commitment and
(ii) on such date such Lender shall purchase at par such of the Revolving Loans of the other Lenders of such Class, and, in the case of any such Global Tranche Lender, such funded participations in Swingline Loans and LC Disbursements, as the
Administrative Agent shall determine may be necessary in order for the Lenders of such Class to hold such Revolving Loans, and in the case of the Global Tranche Lenders, such funded participations ratably in accordance with their respective
Revolving Commitments of such Class and such Lender shall thereupon cease to be a Defaulting Lender (but shall not be entitled to receive any fees accrued during the period when it was a Defaulting Lender, and all amendments, waivers or
modifications effected without its consent in accordance with the provisions of Section 10.02 and this Section 2.22 during such period shall be binding on it). The rights and remedies against, and
with respect to, a Defaulting Lender under this Section 2.22 are in addition to, and cumulative and not in limitation of, all other rights and remedies that the Administrative Agent and each Lender, each Swingline Lender,
each Issuing Bank, each Borrower or each Subsidiary Guarantor may at any time have against, or with respect to, such Defaulting Lender. 

SECTION 2.23. Concerning Subsidiary Borrowers. (a) Each Subsidiary Borrower hereby irrevocably appoints the Parent Borrower to
serve as its agent for all purposes of this Agreement, including (i) the giving and receipt of notices (including any Borrowing Request and any Interest Election Request) and (ii) the execution and delivery of all documents, instruments
and certificates contemplated herein. Each Subsidiary Borrower hereby acknowledges that any amendment or other modification to this Agreement may be effected as set forth in Section 10.02, that such Person shall be bound by
this Agreement as so amended or modified and that no consent of such Person shall be required to effect any such amendment or other modification. 

(b) In the event the Parent Borrower shall have executed and delivered to the Administrative Agent a Subsidiary Borrower Termination with
respect to any Subsidiary Borrower, such Subsidiary Borrower shall cease to be a Borrower and a Subsidiary Borrower for all purposes hereof and shall cease to be a party to this Agreement; provided that no Subsidiary Borrower Termination will
become effective as to any Subsidiary Borrower until (i) (A) all Loans made to such Subsidiary Borrower shall have been repaid, (B) to the extent the Parent Borrower is not a joint and several
co-applicant with respect thereto, (x) all Letters of Credit issued for the account of such Subsidiary Borrower shall have expired or been canceled or otherwise terminated and (y) all amounts payable
in connection with such Letters of Credit by such Subsidiary Borrower in respect of LC Disbursements and related fees shall have been paid in full and (C) all interest and fees (and, to the extent notified by the Administrative Agent, any
Lender or any Issuing Bank, any other amounts) payable hereunder by such Subsidiary Borrower shall have been paid in full or (ii) the Parent Borrower shall have assumed all obligations of such Subsidiary Borrower in respect of the principal of,
and interest on, all Loans made to such Subsidiary Borrower and in respect of all fees and other amounts payable hereunder by such Subsidiary Borrower and the Parent Borrower shall have agreed to be the applicant with respect to all Letters of
Credit issued for the account of such Subsidiary Borrower and to be responsible for all LC Disbursements 

  
 67 

 
thereunder and other amounts relating thereto, in each case under this clause (ii), pursuant to assumption documentation reasonably satisfactory to the Administrative Agent; provided that
such Subsidiary Borrower Termination shall be effective to terminate the right of such Subsidiary Borrower to request or receive further extensions of credit under this Agreement. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

The Parent Borrower represents and warrants to the Lenders and the Issuing Banks that: 

SECTION 3.01. Organization; Powers. Each Borrower and each Subsidiary Guarantor is duly organized or formed, validly existing and in
good standing under the laws of the jurisdiction of its organization or formation, has all requisite power and authority to carry on its business as now conducted, and is qualified to do business in, and is in good standing in, every jurisdiction
where such qualification is required and where the failure so to qualify (either individually or together with all other failures so to qualify) would have a Material Adverse Effect. 

SECTION 3.02. Authorization; Enforceability. The Transactions are within each Borrower’s and each Subsidiary Guarantor’s
corporate or other organizational powers and have been duly authorized by all necessary corporate or other organizational and, if required, stockholder action. This Agreement or, in the case of any Subsidiary Guarantor that shall have become a party
hereto pursuant to a Joinder, such Joinder, has been duly executed and delivered by each Borrower and each Subsidiary Guarantor party thereto, and this Agreement and, in the case of any Subsidiary Guarantor that shall have become a party hereto
pursuant to a Joinder, such Joinder, constitutes a legal, valid and binding obligation of each Borrower and each Subsidiary Guarantor party thereto, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

SECTION 3.03. Governmental Approvals; No Conflicts. The Transactions (a) do not require any consent or approval of, registration
or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect, (b) will not violate (i) any applicable law or regulation or (ii) the charter, by-laws or other organizational documents of the Parent Borrower or any of the Subsidiaries or (iii) any order of any Governmental Authority, (c) will not violate or result in a default under any indenture
or other agreement or instrument binding upon the Parent Borrower or any Subsidiary or its assets, or give rise to a right thereunder to require any payment to be made by the Parent Borrower or any Subsidiary, and (d) will not result in the
creation or imposition of any Lien on any asset of the Parent Borrower or any Subsidiary, other than, in the case of clauses (b)(i), (b)(iii), (c) and (d), any such violations, conflicts, breaches or Liens that individually or in the aggregate would
not have a Material Adverse Effect. 

  
 68 

 SECTION 3.04. Financial Condition; No Material Adverse Change. 

(a) The Parent Borrower has heretofore furnished to the Lenders (i) its consolidated balance sheet and the related statements of
consolidated results of operations, comprehensive income, changes in shareholders’ equity and cash flows as of and for the fiscal year ended June 30, 2018, reported on by Ernst & Young LLP, independent registered public accounting
firm, and (ii) its consolidated balance sheets and related statements of consolidated results of operations, comprehensive income, changes in shareholders’ equity and cash flows as of and for the fiscal quarters and the portion of the
fiscal year ended September 29, 2018, December 29, 2018 and March 30, 2019. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Parent Borrower and
its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to normal year-end audit adjustments and the absence of certain footnotes in the case of the statements
referred to in clause (ii) above. 
 (b) Since June 30, 2018, there has been no material adverse change in the business, assets,
operations, prospects or condition, financial or otherwise, of the Parent Borrower and the Subsidiaries, taken as a whole, other than matters disclosed in the most recent Annual Report on Form 10-K or in any
Quarterly Report on Form 10-Q or current report on Form 8-K filed with the SEC under the Exchange Act subsequent to June 30, 2018. 

SECTION 3.05. Properties. 

(a) Each of the Parent Borrower and each Subsidiary has good title to, or valid leasehold interests in, all its real and personal property
necessary to the operation of the business of the Parent Borrower and its Subsidiaries taken as a whole, except for defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties
for their intended purposes. 
 (b) Each of the Parent Borrower and each Subsidiary owns, or is licensed to use, all trademarks, tradenames,
copyrights, patents and other intellectual property necessary to the operation of the business of the Parent Borrower and its Subsidiaries taken as a whole, and the use thereof by the Parent Borrower and each such Subsidiary does not infringe upon
the rights of any other Person, except for any such infringement that, individually or in the aggregate, would not have a Material Adverse Effect. 

SECTION 3.06. Litigation and Environmental Matters. 

(a) Except as disclosed in either the most recent Annual Report on Form 10-K or the most recent
Quarterly Report on Form 10-Q filed by the Parent Borrower with the SEC, as of the Effective Date, there are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending
against or, to the knowledge of the Parent Borrower, threatened against or affecting the Parent Borrower or any Subsidiary (i) as to which there is a reasonable likelihood of an adverse determination and that, if adversely determined, would
reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (ii) that question the validity or legality of this Agreement or the Transactions. 

  
 69 

 (b) As of the Effective Date, except with respect to any matters that, individually or in
the aggregate, would not reasonably be expected to result in a Material Adverse Effect, neither the Parent Borrower nor any Subsidiary (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license
or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any
Environmental Liability. 
 SECTION 3.07. Subsidiaries. Set forth on Schedule 3.07 is a complete and accurate list, as of the
Effective Date, of all Subsidiaries showing (as to each such Subsidiary) the correct name thereof and the jurisdiction of its organization or formation. All the outstanding Equity Interests of each Subsidiary have been validly issued, are fully paid
and nonassessable and, to the extent owned directly or indirectly by the Parent Borrower, are so owned free and clear of all Liens other than Liens permitted by Section 6.01. 

SECTION 3.08. Compliance with Laws and Agreements. Each of the Parent Borrower and each Subsidiary is in compliance with all laws,
regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, would
not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing. 
 SECTION 3.09. Investment
Company Status. Neither any Borrower nor any Subsidiary Guarantor is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 

SECTION 3.10. Taxes. Each of the Parent Borrower and each Subsidiary has timely filed or caused to be filed all federal and material
state, local and foreign Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes shown to be payable on such returns or on any assessments received by any of them, except (a) Taxes that are being
contested in good faith by appropriate proceedings and for which the Parent Borrower or such Subsidiary, as applicable, has set aside on its books adequate reserves (to the extent required by GAAP) or (b) to the extent that the failure to do so
could not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.11. ERISA. As of the Effective Date, no ERISA
Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect. The present
value of all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Accounting Standards Codification Topic 715) did not, as of the date of the most recent financial statements reflecting such
amounts, exceed the fair market value of the assets of all such underfunded Plans by an amount that, if required to be paid by the Parent Borrower, would reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.12. Accuracy of Information. All written Information (as defined below) (other than financial projections, estimates and
information of a general economic or industry nature) provided by the Parent Borrower or by its representatives on its behalf to the Administrative Agent or the Lenders in connection with the Transactions is, when considered

  
 70 

 
together with the Parent Borrower’s Annual Report on Form 10-K for the fiscal year ended June 30, 2018 and the Parent Borrower’s subsequent
Quarterly Reports on Form 10-Q as filed with the SEC and subsequent Annual Reports on Form 10-K filed with the SEC prior to the time such written Information is
furnished (all such documents, the “Public Reports”), and when taken as a whole and in light of the circumstances when furnished, complete and correct in all material respects at the time furnished and does not at the time furnished
contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein not misleading, in each case when considered together with the Public Reports and when taken as a whole in light of
the circumstances under which such statements were made. The financial projections and estimates provided to the Arrangers, the Administrative Agent or the Lenders by the Parent Borrower or by its representatives on its behalf in connection with the
transactions contemplated hereunder have been prepared in good faith based upon assumptions that are believed by the preparer thereof to be reasonable at the time such financial projections are so furnished, it being understood and agreed that
financial projections are by their nature inherently uncertain and are not a guarantee of financial performance and actual results may differ from financial projections and such differences may be material. For purposes of this
Section 3.12 “Information” means the contents of any written information packages for the financing contemplated hereby regarding the business, operations, financial projections and prospects of the Parent
Borrower and the Subsidiaries including all written information relating to the transactions contemplated hereunder prepared by the Parent Borrower or its representatives, and all other written information, documentation or materials delivered to
the Arrangers, the Administrative Agent or the Lenders by the Parent Borrower or its representatives in connection therewith. 
 SECTION
3.13. OFAC; USA Patriot Act. The Parent Borrower and each Subsidiary is in compliance, in all material respects, with applicable Sanctions and the USA Patriot Act. 

SECTION 3.14. EEAAffected Financial Institutions. None of Borrowers nor any Subsidiary Guarantor is an
EEAAffected Financial Institution. 

SECTION 3.15. Ranking of Obligations. The obligations of each Subsidiary Borrower under this Agreement rank, in respect of payment, at
least equally with all of the unsubordinated and unsecured Indebtedness of such Subsidiary Borrower, and ahead of all subordinated and unsecured Indebtedness, if any, of such Subsidiary Borrower. 

SECTION 3.16. Proper Form; No Recordation. With respect to each Subsidiary Borrower, this Agreement is in proper legal form under the
laws of the jurisdiction in which such Subsidiary Borrower is organized or formed for the enforcement thereof against such Subsidiary Borrower under the laws of such jurisdiction and to ensure the legality, validity, enforceability, priority or
admissibility in evidence of this Agreement. It is not necessary, in order to ensure the legality, validity, enforceability, priority or admissibility in evidence of this Agreement that this Agreement be filed, registered or recorded with, or
executed or notarized before, any court or other Governmental Authority in the jurisdiction in which such Subsidiary Borrower is organized or formed and existing or that any registration charge or stamp or similar Tax be paid on or in respect of
this Agreement, except, in the case of Luxembourg, if the Agreement is either (a) referred to in a public deed used before a Luxembourg official authority or any autorité constituée or
before a Luxembourg court, notably by being referred to in a writ, to the extent that the Agreement is 

  
 71 

 
subject to mandatory registration within a fixed cut-off date (délai de rigueur); or (b) in case where the Agreement is physically
attached (annexé(s)) to a public deed or any other document(s) that require mandatory registration or are deposited with the registry of a Luxembourg notary, and (c) in case where the Agreement is subject to registration in
accordance with a contractual obligation. 
 SECTION 3.17. No Immunity. Each Subsidiary Borrower is subject to civil and commercial
laws with respect to its obligations under this Agreement, and the execution, delivery and performance by such Subsidiary Borrower of this Agreement constitute and will constitute private and commercial acts and not public or governmental acts. None
of the Subsidiary Borrowers or any of its properties has any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise)
under the laws of the jurisdiction in which such Subsidiary Borrower is incorporated, organized or formed in respect of its obligations under this Agreement. 

SECTION 3.18. Centre of Main Interest. For the purposes of Regulation (EU) 2015/848 of the European Parliament and of the Council of
20 May 2015 on insolvency proceedings (recast) , the Luxembourg Subsidiary Borrower has its centre of main interests (as that term is used in Article 3(1) therein) situated in Luxembourg. 

ARTICLE IV 

CONDITIONS 
 SECTION
4.01. Effective Date. The obligations of the Lenders to make Loans and the obligation of each Issuing Bank to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied
(or waived in accordance with Section 10.02): 
 (a) The Administrative Agent (or its counsel) shall have received
from each party hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence reasonably satisfactory to the Administrative Agent (which may include email transmission of a signed signature page
of this Agreement) that such party has signed and delivered a counterpart of this Agreement. 
 (b) The Administrative Agent shall have
received favorable written opinions (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of (i)(x) Bracewell LLP, special counsel for the Borrowers, and (y) Jerry Clanton, Associate General Counsel of the Parent
Borrower, collectively covering such matters as to Delaware and New York law as the Administrative Agent may reasonably request and allocated between said counsel in such manner as may be reasonably satisfactory to the Administrative Agent,
(ii) Elvinger Hoss Prussen, société anonyme, special Luxembourg counsel for the Parent Borrower and the Luxembourg Subsidiary Borrower, covering such matters as to Luxembourg law as the
Administrative Agent may reasonably request, and (iii) Gowling WLG (Canada) LLP, special Canadian counsel for the Parent Borrower and the Canadian Subsidiary Borrower, covering such matters as to Canadian law as the Administrative Agent may
reasonably request. The Borrowers hereby requests each such counsel to deliver its or his respective opinion. 

  
 72 

 (c) The Administrative Agent shall have received such documents and certificates as the
Administrative Agent or its counsel may reasonably request relating to the organization, existence, status or compliance (as applicable) of the Borrowers, the good standing of the Parent Borrower in its jurisdiction of incorporation, the
authorization of the Transactions and any other legal matters relating to the Borrowers, this Agreement or the Transactions, all in form and substance reasonably satisfactory to the Administrative Agent and its counsel. 

(d) The Administrative Agent and the Arrangers shall have received all fees and other amounts due and payable on or prior to the Effective
Date to the Administrative Agent, the Lenders and the Arrangers, including, to the extent invoiced not less than two Business Days before the Effective Date, reimbursement or payment of all reasonable out-of-pocket expenses required to be reimbursed or paid by the Parent Borrower hereunder. 
 (e)
The commitments under the Existing Credit Agreement shall have been terminated and no loans or other liabilities shall be outstanding thereunder (other than (i) those, if any, to be contemporaneously repaid on the Effective Date, (ii) the
Existing Letters of Credit, if any, to be continued under this Agreement and (iii) contingent obligations not yet due and payable). 

(f) At least three days prior to the Effective Date, the Lenders shall have received (i) all documentation and other information in
respect of the Parent Borrower, the Subsidiary Borrowers and the Subsidiary Guarantors required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot
Act, and (ii) a Beneficial Ownership Certification from each Subsidiary Borrower that is a “legal entity customer” under the Beneficial Ownership Regulation, in each case, to the extent requested in writing (which may be by e-mail) at least 10 days prior to the Effective Date. 
 The Administrative Agent shall notify the Parent
Borrower and the Lenders of the Effective Date and such notice shall be conclusive and binding. 
 SECTION 4.02. Each Credit Event.
The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than any conversion or continuation of any Loan) and of each Issuing Bank to issue, amend or extend any Letter of Credit is subject to the satisfaction of the
following conditions: 
 (a) The representations and warranties of the Parent Borrower set forth in Article III (other than, after the
Effective Date, the representations and warranties set forth in Sections 3.04(b), 3.06, 3.07 and 3.11) shall be true and correct in all material respects (without duplication of any materiality qualifier) on and as of the
date of such Borrowing or the date of such issuance, amendment or extension of such Letter of Credit, as applicable. 
 (b) At the time of
and immediately after giving effect to such Borrowing or the issuance, amendment or extension of such Letter of Credit, as applicable, no Default shall have occurred and be continuing. 

Each Borrowing (other than any conversion or continuation of any Loan) and each issuance, amendment or extension of a Letter of Credit shall
be deemed to constitute a representation and warranty by the applicable Borrower on the date thereof that the conditions specified in paragraphs (a) and (b) of this Section 4.02 have been satisfied. 

  
 73 

 ARTICLE V 

AFFIRMATIVE COVENANTS 

Until the Revolving Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder
shall have been paid in full and all Letters of Credit shall have expired or been terminated and all LC Disbursements shall have been reimbursed, the Parent Borrower covenants and agrees with the Lenders and the Issuing Banks that: 

SECTION 5.01. Financial Statements; Ratings Change and Other Information. The Parent Borrower will furnish to the Administrative Agent
(and the Administrative Agent shall make such information available to the Lenders in accordance with its customary practice): 
 (a) within
30 days after the date in each fiscal year on which the Parent Borrower is required to file its Annual Report on Form 10-K with the SEC (after giving effect to any extensions obtained by the Parent Borrower),
(i) such Annual Report on Form 10-K of the Parent Borrower and (ii) its audited consolidated balance sheet and the related consolidated statements of results of operations, comprehensive income, changes
in shareholders’ equity and cash flows as of the end of and for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all audited on by Ernst & Young LLP or other independent
registered public accounting firm of recognized national standing selected by the Parent Borrower (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit);
provided, however, that (x) the Parent Borrower shall be deemed to have furnished said Annual Report on Form 10-K for purposes of clause (i) above if it shall have timely made the same
available on “EDGAR”, its website on the Internet (as of the Effective Date located at www.sysco.com) and/or another relevant website accessible by the Lenders without charge and (y) if said Annual Report on Form 10-K contains such consolidated balance sheet and such consolidated statements of results of operations, comprehensive income, changes in shareholders’ equity and cash flows, and the report of such independent
registered public accounting firm (without qualification or exception, and to the effect, as specified above), the Parent Borrower shall not be required to comply with clause (ii) above; 

(b) within 30 days after each date in each fiscal year on which the Parent Borrower is required to file a Quarterly Report on Form 10-Q with the SEC (after giving effect to any extensions obtained by the Parent Borrower), (i) such Quarterly Report on Form 10-Q of the Parent Borrower and (ii) its
consolidated balance sheet and related consolidated statements of results of operations and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the
figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial position
and results of operations of the Parent Borrower and the Subsidiaries on a consolidated basis, subject to normal year-end audit adjustments and the absence of footnotes; provided, however, that
(x) the Parent Borrower shall be deemed to have furnished said Quarterly 

  
 74 

 
Report on Form 10-Q for purposes of clause (i) above if it shall have timely made the same available on “EDGAR”, its website on the Internet
(as of the Effective Date located at www.sysco.com) and/or another relevant website accessible by the Lenders without charge and (y) if said Quarterly Report on Form 10-Q contains such consolidated
balance sheet and consolidated statements of results of operations and cash flows, the Parent Borrower shall not be required to comply with clause (ii) above; 

(c) concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate of a Financial Officer of the
Parent Borrower (i) certifying as to whether a Default has occurred and is continuing and, if a Default has occurred and is continuing, specifying the details thereof and any action taken or proposed to be taken with respect thereto,
(ii) setting forth reasonably detailed calculations demonstrating compliance with Section 6.03 and, if the most recent fiscal quarter covered by such financial statements
ended during the Covenant Modification Period and the Covenant Modification Period has not yet terminated, Section 6.05 and (iii) stating whether any
change in GAAP or in the application thereof that is known to such Financial Officer has occurred since the date of the audited financial statements referred to in Section 3.04 that affects in any material respect the calculations required for
determining compliance with Section 6.03 (as compared to determining compliance without giving effect to such change) and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such
certificate; 
 (d) within 10 Business Days after the end of each fiscal month of the Parent Borrower ending during the Covenant Modification Period and if the Covenant Modification Period has not yet terminated, a
certificate of a Financial Officer of the Parent Borrower setting forth reasonably detailed calculations demonstrating compliance with Section 6.05; 

(e) (d) promptly after filing thereof, notice to the Administrative Agent of the filing of all periodic and other
reports, proxy statements and other materials required to be filed by the Parent Borrower or any Subsidiary with the SEC or with any national securities exchange, or distributed by the Parent Borrower to its shareholders generally, as the case may
be, except that the Parent Borrower shall not be required to provide notice of any such filing that is not material; provided, however, the Parent Borrower shall be deemed to have furnished such notice upon such filings becoming
publicly available (whether on “EDGAR” or the Parent Borrower’s website on the Internet); 
 (f) (e) promptly after S&P or
Moody’s shall have announced a downgrade in the rating established or deemed to have been established for the Index Debt, written notice of such rating downgrade; 

(g) (f) promptly following the request therefor, all documentation and other information that a Lender reasonably
requests in order to comply with its ongoing obligations under (i) applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act, and (ii) the Beneficial Ownership Regulation; and

 (h) (g) promptly following any request therefor, such other information regarding the operations, business affairs and
financial condition of the Parent Borrower or any Subsidiary, or compliance with the terms of this Agreement, as the Administrative Agent or any Lender (through the Administrative Agent) may reasonably request. 

  
 75 

 SECTION 5.02. Notices of Material Events. The Parent Borrower will furnish to the
Administrative Agent prompt written notice of the following: 
 (a) the occurrence of any continuing Default within ten (10) Business
Days of actual knowledge thereof by a Financial Officer of the Parent Borrower; 
 (b) the filing or commencement of any action, suit or
proceeding by or before any arbitrator or Governmental Authority against or affecting the Parent Borrower or any Subsidiary as to which there is a reasonable likelihood of an adverse determination and that, if adversely determined, would reasonably
be expected to result in a Material Adverse Effect; and 
 (c) the occurrence of any ERISA Event that, alone or together with any other
ERISA Events that have occurred, would reasonably be expected to result in a Material Adverse Effect. 
 Each notice delivered under this
Section 5.02 shall be accompanied by a statement of a Financial Officer or other executive officer of the Parent Borrower setting forth the details of the event or development requiring such notice and any action taken or
proposed to be taken with respect thereto. 
 SECTION 5.03. Existence; Conduct of Business. The Parent Borrower will, and will cause
each Subsidiary Borrower and each Subsidiary Guarantor to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence (in the case of the Parent Borrower, in the United States, in the case of
the Canadian Subsidiary Borrower, in Canada and in the case of Luxembourg Subsidiary Borrower, in Luxembourg) and the rights, licenses, permits, privileges and franchises material to the conduct of its business; provided that (a) the
foregoing shall not prohibit any merger, amalgamation or consolidation permitted under Section 6.04 and (b) the Parent Borrower shall not be required to preserve the corporate existence of any Subsidiary Guarantor or
any right or franchise if the Parent Borrower determines that the preservation thereof is no longer desirable in the conduct of the business of the Parent Borrower or the applicable Subsidiary. 

SECTION 5.04. Payment of Obligations. The Parent Borrower will, and will cause each Subsidiary to, pay its obligations, including
Taxes, that if not paid, would result in a Material Adverse Effect before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the
Parent Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest would not reasonably be expected to result in a Material
Adverse Effect. 
 SECTION 5.05. Maintenance of Properties; Insurance. The Parent Borrower will, and will cause each Subsidiary to,
(a) keep and maintain all property of the Parent Borrower and its Subsidiaries taken as a whole in good working order and condition, ordinary wear and tear excepted, except where the failure to do so would not reasonably be expected to result
in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies or funds, or through appropriate self-insurance, as applicable, insurance in such amounts and against such risks as are customarily
maintained by companies engaged in the same or similar businesses operating in the same or similar locations. 

  
 76 

 SECTION 5.06. Books and Records; Inspection Rights. The Parent Borrower will, and
will cause each Subsidiary to, keep proper books of record and account in which full, true and correct entries are made of all material dealings and transactions in relation to its business and activities. During the continuation of a Default or
Event of Default and subject to Section 10.12, the Parent Borrower will permit any representatives designated by the Administrative Agent to visit and inspect its properties, to examine and make extracts from its books and
records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often as reasonably requested. 

SECTION 5.07. Compliance with Laws. The Parent Borrower will, and will cause each Subsidiary to, comply with all laws, rules,
regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

SECTION 5.08. Use of Proceeds. 

(a) The proceeds of the Loans and the Letters of Credit will be used only for general corporate purposes of the Parent Borrower and the
Subsidiaries, including Acquisitions. No part of the proceeds of any Loan or any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T,
U and X. 
 (b) No part of the proceeds of the Loans or the Letters of Credit will be used, directly or indirectly, for any payments to any
governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage in
violation of the United States Foreign Corrupt Practices Act of 1977, as amended, or any similar applicable anti-corruption laws or regulations administered or enforced by any Governmental Authority having jurisdiction over the Parent Borrower or
any Subsidiary. None of the Parent Borrower or any Subsidiary will use, lend, make payments of or contribute all or any part of the proceeds of the Loans or the Letters of Credit to fund any activity or business of or with any Person, or in any
country or territory, that, at the time of such funding, is the subject of Sanctions or in violation in any material respect of the USA Patriot Act. 

SECTION 5.09. Subsidiary Guarantors. 

(a) Subject to paragraphs (b), (c) and (d) of this Section 5.09, the Parent Borrower at all times shall cause
all of its Wholly Owned Subsidiaries that are guarantors of any of the Notes to be Subsidiary Guarantors. 
 (b) Within 30 days (or such
later date as the Administrative may agree to) after any domestic Wholly Owned Subsidiary of the Parent Borrower becomes a guarantor of any of the Notes, the Parent Borrower shall cause such domestic Wholly Owned Subsidiary to execute and deliver a
Joinder to the Administrative Agent. 

  
 77 

 (c) If at any time (i) a Subsidiary Guarantor no longer guarantees any of the Notes
(other than as a result of a payment upon its guarantee), (ii) a Subsidiary Guarantor is dissolved, sold, merged, amalgamated or otherwise disposed of in a manner permitted by this Agreement and, as a result thereof, such Subsidiary Guarantor ceases
to exist or ceases to be a Subsidiary of the Parent Borrower or (iii) the aggregate outstanding principal amount of the Notes is equal to or less than US$150,000,000, (A) such Subsidiary Guarantor (or, in the case of clause (iii) above,
each of the Subsidiary Guarantors) shall be automatically released from its obligations hereunder, without any need for any formal action by the Administrative Agent or any Lender, and (B) the Parent Borrower shall provide notice of any such
event to the Administrative Agent. Upon the written request of the Parent Borrower, the Administrative Agent shall execute any documents reasonably requested by the Parent Borrower in order to acknowledge the release of any Subsidiary Guarantor from
its obligations as a Subsidiary Guarantor. 
 (d) Notwithstanding anything contained herein to the contrary, no Wholly Owned Subsidiary that
is directly or indirectly owned by a Subsidiary that is not a U.S. Person shall be required to be a Subsidiary Guarantor. 
 ARTICLE VI

 NEGATIVE COVENANTS 

Until the Revolving Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have
been paid in full and all Letters of Credit have expired or been terminated and all LC Disbursements shall have been reimbursed, the Parent Borrower covenants and agrees with the Lenders and the Issuing Banks that: 

SECTION 6.01. Liens. The Parent Borrower will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any
Lien on any property or asset now owned or hereafter acquired by it, except: 
 (a) any Lien existing on the Effective Date that secures any
obligation not in excess of US$50,000,000 individually; 
 (b) Liens for Taxes, assessments or governmental charges or levies to the extent
not past due or the validity of which is being contested in good faith by proper proceedings and for which adequate reserves have been established; 

(c) Liens imposed by law, such as materialmen’s, mechanics’, carriers’, workmen’s, repairmen’s, landlord’s and
other similar Liens arising in the ordinary course of business, securing obligations which are not overdue by more than 30 days or the validity of which is being contested in good faith by proper proceedings and for which adequate reserves have been
established; 
 (d) pledges or deposits to secure obligations under worker’s compensation laws or similar legislation or to secure
public or statutory obligations of the Parent Borrower or any Subsidiary; 

  
 78 

 (e) Liens upon, and defects of title to, real or personal property, including any attachment
of such real or personal property or other legal process prior to adjudication of a dispute upon the merits and adverse judgment on appeal; provided (i) the validity thereof is being contested in good faith by proper proceedings, and
adequate reserves have been established with respect thereto and (ii) levy and execution thereon has been stayed; 
 (f) Liens on real
or personal property existing thereon at the time of acquisition thereof by the Parent Borrower or any Subsidiary (including acquisition by merger or consolidation) and not incurred in contemplation thereof; provided, however, no such
Lien shall extend to or cover any property other than the property being acquired; 
 (g) purchase money Liens on property hereafter
acquired or constructed which are created prior to, at the time of, or within 180 days after such acquisition (or, in the case of property being constructed, the completion of such construction and commencement of full operation of such property,
whichever is later) to secure Indebtedness incurred solely for the purpose of financing the acquisition or construction of all or any part of the property being acquired or constructed; provided, however, that in each case the
Indebtedness secured by such Lien shall not exceed the lesser of the purchase or construction price of such property or the fair market value of such property and no such Lien shall extend to or cover any property other than the property being
acquired or constructed; 
 (h) Liens on property of the Parent Borrower or a Subsidiary in favor of the United States of America or any
political subdivision thereof or in favor of any other country or political subdivision thereof to secure certain payments pursuant to any contract or statute or to secure any Indebtedness incurred or guaranteed for the purpose of financing all or
any part of the purchase price (or, in the case of real property, the cost of construction) of the assets subject to such Liens, including, but not limited to, Liens incurred in connection with pollution control, industrial revenue or similar bond
financing; 
 (i) Liens existing on the property of a business entity at the time such entity becomes a Subsidiary, or at the time
substantially all of the assets of such entity are acquired or leased by the Parent Borrower or a Subsidiary, and, in each case, not incurred in contemplation thereof; provided, however, no such Lien shall extend to or cover any
property other than the property subject thereto immediately prior to such entity becoming a Subsidiary or the assets of the owner of such property being so acquired or leased; 

(j) Liens on the property of a Subsidiary to secure Indebtedness owing to the Parent Borrower or to one or more Wholly Owned Subsidiaries;

 (k) pledges, deposits, performance bonds or similar Liens arising in the ordinary course of business in connection with bids, tenders,
contracts and leases (other than Indebtedness) to which the Parent Borrower or any Subsidiary is a party; 
 (l) Liens consisting of zoning
restrictions, rights-of-way, servitudes, easements, servicing agreements, development agreements, site plan agreements or other restrictions on the use of real property,
none of which materially impairs the operation by the Parent Borrower and the Subsidiaries taken as a whole of their respective businesses and none of which is violated by existing or proposed structures or land use; 

  
 79 

 (m) Liens securing appeal bonds and other similar Liens arising in connection with court
proceedings (including, without limitation, surety bonds, security for costs of litigation where required by law and letters of credit) or any other instruments serving a similar purpose; 

(n) judgment Liens in respect of judgments that do not constitute an Event of Default under Section 7.01(k); 

(o) Liens given to a public utility or any municipality or governmental or other public authority when required by such utility or other
authority in connection with the operation of the business or the ownership of the assets of the Parent Borrower or any Subsidiary; provided that such Liens do not reduce the value of the assets or interfere in any material respect with the
ordinary conduct of the business of the Parent Borrower or any Subsidiary; 
 (p) the right reserved to or vested in any Governmental
Authority by any statutory provision or by the terms of any lease, license, franchise, grant or permit, to terminate any such lease, license, franchise, grant or permit, or to require annual or other payments as a condition to the continuance
thereof; 
 (q) extensions, renewals or replacements in whole or in part of the Liens described in clauses (a), (f), (g), (h) or (i) of
this Section 6.01 for the same or a lesser amount of Indebtedness; provided that no such Lien shall extend to or cover any property other than the property theretofore subject to the Lien being extended, renewed or
replaced; and 
 (r) Liens not permitted by any of the foregoing clauses (a) through (q), inclusive, that secure obligations which do
not in the aggregate at any time exceed 20% of Net Worth. 
 SECTION 6.02. Sale and Leaseback Transactions. The Parent Borrower will
not effect, or permit any Subsidiary to effect, a Sale and Leaseback Transaction, unless immediately prior thereto, and after giving effect thereto, no Default or Event of Default shall have occurred and be continuing. 

SECTION 6.03. Ratio of Consolidated EBITDA to Consolidated Interest Expense. TheCommencing with the fiscal quarter ending on or about September 30, 2021, the Parent Borrower will not permit the ratio of (a) Consolidated EBITDA to
(b) Consolidated Interest Expense,
in each case, measured as
offor the last day of
any fiscal quarter for the period of four consecutive fiscal quarters then ended, to be less than 4.0
to 1.0.ending with any fiscal quarter set forth in the table below, to be less than the ratio opposite such fiscal quarter set forth below: 

  
 80 

			
	Period	  	Ratio
	Fiscal quarters ending on or about September 30, 2021 and December 31, 2021	  	2.00 to 1.00
	Fiscal quarter ending on or about March 31, 2022	  	2.75 to 1.00
	Fiscal quarter ending on or about June 30, 2022	  	3.50 to 1.00
	Fiscal quarter ending on or about September 30, 2022 and each fiscal quarter ending thereafter	  	4.00 to 1.00

 Notwithstanding the foregoing, if the Covenant Modification
Period shall have been terminated prior to its scheduled termination date pursuant to the proviso set forth in the definition of such term, then the Parent Borrower will not permit the ratio of Consolidated EBITDA to Consolidated Interest Expense,
in each case, measured for the period of four consecutive fiscal quarters of the Parent Borrower (commencing with such period ending with the first fiscal quarter of the Parent Borrower ending after the date of such termination of the Covenant
Modification Period) to be less than 4.00 to 1.00. 
 SECTION 6.04.
Consolidation, Merger, Acquisition or other Fundamental Changes. 
 (a) The Parent Borrower will not, and will not permit any
Subsidiary to, (i) enter into a consolidation with any other Person or merge with or into any other Person or amalgamate with any other Person or (ii) acquire all or substantially all of the assets of, or all or substantially all of the
Equity Interest in, any other Person that is not a Subsidiary (any such transaction being herein called an “Acquisition”), except that: 

(i) (A) any Subsidiary may merge into or consolidate or amalgamate with the Parent Borrower, provided that (1) the
Parent Borrower shall be the continuing or surviving Person and (2) in the event such Subsidiary is a Subsidiary Borrower, the Parent Borrower shall have assumed all obligations of such Subsidiary Borrower hereunder pursuant to assumption
documentation reasonably satisfactory to the Administrative Agent, (B) any Subsidiary may merge, consolidate or amalgamate with or into another Subsidiary, provided that, in the case of any such transaction involving a Subsidiary
Borrower, either (1) such Subsidiary Borrower shall be the continuing or surviving Person or (2) substantially concurrently with the consummation of such transaction, such Subsidiary Borrower shall cease to be a Subsidiary Borrower
hereunder in accordance with Section 2.23(b), (C) the Parent Borrower or any Subsidiary may merge, consolidate or amalgamate with or into any other Person to consummate any Acquisition permitted hereunder, provided
that (1) in the case of any such transaction involving the Parent Borrower, the Parent Borrower shall be the continuing or surviving Person and (2) in the case of any such transaction involving a Subsidiary Borrower, either (x) such
Subsidiary Borrower shall be 

  
 81 

 
the continuing or surviving Person or (y) substantially concurrently with the consummation of such transaction, such Subsidiary Borrower shall cease to be a Subsidiary Borrower hereunder in
accordance with Section 2.23(b), and (D) any Subsidiary (other than a Subsidiary Borrower) may merge, consolidate or amalgamate with or into any other Person to consummate any transaction permitted hereunder as a
result of which such Subsidiary shall cease to be a Subsidiary; and 
 (ii) the Parent Borrower and any Subsidiary may
consummate any Acquisition if, immediately after giving effect thereto, no Default or Event of Default would exist. 
 (b) The Parent
Borrower will not permit any Subsidiary Borrower (i) to cease to be a Subsidiary or (ii) to cease to be a Wholly Owned Subsidiary of the Parent Borrower unless, in the case of this clause (ii), (A) the Administrative Agent shall have
received 15 Business Days’ (or such lesser period of time as the Administrative Agent may agree to) prior written notice thereof and (B) at least five days (or such lesser period of time as the Administrative Agent may agree to) prior to
the date such Subsidiary Borrower shall cease to be a Wholly Owned Subsidiary, the Administrative Agent and the Lenders shall have received all documentation and other information, in respect of such Subsidiary Borrower or Persons holding or to be
holding Equity Interests in such Subsidiary Borrower, required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act, to the extent requested in
writing (which may be by e-mail) at least 10 days prior to the date such Subsidiary Borrower ceases to be a Wholly Owned Subsidiary of the Parent Borrower. 

(c) The Parent Borrower will not sell, lease, transfer or otherwise dispose of (in one transaction or in a series of transactions) all or
substantially all of the assets of the Parent Borrower and the Subsidiaries, taken as a whole, to any Person. 
 SECTION 6.05. Minimum Liquidity. During the Covenant Modification Period, the Parent Borrower will not permit Liquidity at any time to be less than US$1,875,000,000. 
 SECTION 6.06. Restricted
Payments. During the Covenant Modification Period, the Parent Borrower will not declare or pay or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except that:

 (a) the Parent Borrower may declare and pay dividends or other distributions with respect to its Equity Interests payable solely in additional common stock in the Parent Borrower or warrants,
options or other rights to purchase such common stock; 

(b)
the Parent Borrower may declare and pay regular quarterly dividends with respect to its common stock in an amount not to exceed US$0.45 per share; 

(c)
the Parent Borrower may make payments in respect of, or repurchases of its Equity Interests deemed to occur upon the “cashless exercise” of, stock options, stock purchase rights,
stock exchange rights or other equity-based awards if such payment or Equity Interests represents a portion of the exercise price of such options or rights or withholding taxes, payroll taxes or other similar taxes due upon such exercise, purchase
or exchange; 

  
 82 

 (d) the Parent Borrower may make cash payments in lieu of the issuance of fractional shares representing Equity Interests in the
Parent Borrower; and 
 (e) the Parent Borrower may make
Restricted Payments in respect of its Equity Interests pursuant to and in accordance with stock option plans, equity incentive plans or other benefit plans or agreements for directors, officers or employees of the Parent Borrower and its
Subsidiaries. 
 ARTICLE VII 

EVENTS OF DEFAULT 

SECTION 7.01. Events of Default. If any of the following events (“Events of Default”) shall occur: 

(a) any Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement or any
Subsidiary Guarantor shall fail to pay its obligations hereunder, when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; 

(b) any Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause
(a) of this Section 7.01) payable under this Agreement, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five days; 

(c) any representation, warranty or certification made or deemed made by or on behalf of the Parent Borrower or any Subsidiary in or in
connection with this Agreement or any amendment or modification hereof or waiver hereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with this Agreement or any amendment or
modification hereof or waiver hereunder, shall prove to have been incorrect in any material respect when made or deemed made; 
 (d) the
Parent Borrower shall fail to observe or perform any covenant, condition or agreement applicable to it contained in Section 5.02(a), 5.03 (with respect to any Borrower’s existence) or 5.08 or in
Article VI; 
 (e) any Borrower or any Subsidiary Guarantor shall fail to observe or perform any covenant, condition or agreement
contained in this Agreement (other than those specified in clause (a), (b) or (d) of this Section 7.01), and such failure shall continue unremedied for a period of 30 days after notice thereof from the Administrative
Agent to the Parent Borrower (which notice will be given at the request of any Lender); 
 (f) [Reserved]; 

(g) any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or requiring the
prepayment, repurchase, redemption or defeasance thereof prior to its scheduled maturity; provided that this clause (g) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the
property or assets securing such Indebtedness; 

  
 83 

 (h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed
seeking (i) liquidation, reorganization or other relief in respect of any Borrower or any Significant Subsidiary, or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or
similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the any Borrower or any Significant Subsidiary or for a substantial part of its assets, and, in
any such case, such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 

(i) any Borrower or any Significant Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation,
reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any
proceeding or petition described in clause (h) of this Section 7.01, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Borrower or
any Significant Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or
(vi) take any action for the purpose of effecting any of the foregoing; 
 (j) any Borrower or any Significant Subsidiary shall become
unable, admit in writing its inability or fail generally to pay its debts as they become due; 
 (k) one or more judgments for the payment
of money in an aggregate amount in excess of US$100,000,000 (exclusive of any amount covered by insurance) shall be rendered against the Parent Borrower, any Subsidiary or any combination thereof and the same shall remain undischarged for a period
of 60 consecutive days during which execution shall not be effectively stayed (for this purpose, a judgment shall be effectively stayed during a period when it is not yet due and payable), or any action shall be legally taken by a judgment creditor
to levy upon any assets of the Parent Borrower or any Subsidiary to enforce any such judgment; or 
 (l) an ERISA Event shall have occurred
that, when taken together with all other ERISA Events that have occurred, would result in a Material Adverse Effect; 
 then, and in every such event (other
than an event with respect to any Borrower described in clause (h) or (i) of this Section 7.01), and at any time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required
Lenders, shall, by notice to the Parent Borrower, take either or both of the following actions, at the same or different times: (i) terminate the Revolving Commitments, and thereupon the Revolving Commitments shall terminate immediately, and
(ii) declare the Loans then outstanding to be due and payable in whole (or in part (but ratably as among the Classes of Loans and the Loans of each Class at the time outstanding), in which case any principal or other amount not so declared
to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the

  
 84 

 
Borrowers accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by each Borrower; and in
case of any event with respect to any Borrower described in clause (h) or (i) of this Section 7.01, the Revolving Commitments shall automatically terminate and the principal of the Loans then outstanding, together with
accrued interest thereon and all fees and other obligations of the Borrowers accrued hereunder, shall automatically become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived
by each Borrower. 
 SECTION 7.02. Cash Collateral. In addition to the remedies contained in Section 7.01,
upon the occurrence and continuance of any Event of Default, the Parent Borrower shall pay to the Administrative Agent cash collateral in such amounts and at such times as contemplated by Section 2.05(j). 

ARTICLE VIII 

GUARANTEE 
 SECTION
8.01. Guarantee of the Obligations. 
 (a) In order to induce the Lenders and the Issuing Banks to extend credit to the Borrowers
hereunder, (i) each Subsidiary Guarantor hereby, jointly and severally, irrevocably and unconditionally, guarantees, as a primary obligor and not merely as a surety, the payment when and as due of all the Obligations and (ii) the Parent
Borrower hereby irrevocably and unconditionally, guarantees, as a primary obligor and not merely as a surety, the payment when and as due of the Obligations of the Subsidiary Borrowers. Each Guarantor further agrees that the due and punctual payment
of the Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any Obligation. 

(b) Except as otherwise provided herein, each Guarantor waives presentment to, demand of payment from and protest to any Borrower of any of
the Obligations, and also waives notice of acceptance of its guarantee hereunder and notice of protest for nonpayment. The Guarantors’ guarantee of the Obligations hereunder shall not be affected by (i) the failure of the Administrative
Agent, any Lender or any Issuing Bank to assert any claim or demand or to enforce any right or remedy against any Borrower under the provisions of this Agreement; (ii) any extension or renewal of any of the Obligations; (iii) any
rescission, waiver, amendment or modification of, or release from, any of the terms or provisions of this Agreement or any other agreement; (iv) any default, failure or delay, willful or otherwise, in the performance of any of the Obligations;
or (v) any other act, omission or delay to do any other act which may or might in any manner or to any extent vary the risk of any Guarantor or otherwise operate as a discharge of a Guarantor as a matter of law or equity or which would impair
or eliminate any right of any Guarantor to subrogation. 

  
 85 

 (c) Each Guarantor further agrees that its guarantee hereunder constitutes a guarantee of
payment when due (whether or not any bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any
resort be had by the Administrative Agent, any Lender or any Issuing Bank to any balance of any deposit account or credit on the books of the Administrative Agent, any Lender or any Issuing Bank in favor of any Borrower or any other Person. 

(d) The guarantee of the Guarantors hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, and
shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, by reason of the invalidity, illegality or unenforceability of any of the Obligations, any impossibility in
the performance of any of the Obligations or otherwise. 
 (e) Each Guarantor further agrees that its guarantee hereunder shall continue to
be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation guaranteed by it is rescinded or must otherwise be restored by the Administrative Agent, any Lender or any Issuing Bank upon the
bankruptcy or reorganization of any Borrower or otherwise. 
 (f) In furtherance of the foregoing and not in limitation of any other right
which the Administrative Agent, any Lender or any Issuing Bank may have at law or in equity against any Guarantor by virtue hereof, upon the failure of any Borrower to pay any Obligation guaranteed by such Guarantor when and as the same shall become
due, whether at maturity, by acceleration, after notice of prepayment or otherwise, such Guarantor, jointly and severally with each other Guarantor guaranteeing hereunder such Obligation, hereby promises to and will, upon receipt of written demand
by the Administrative Agent (acting at the direction of the Required Lenders), forthwith pay, or cause to be paid, to the Administrative Agent, such Lender or such Issuing Bank in cash an amount equal to the unpaid principal amount of such
Obligation then due, together with accrued and unpaid interest thereon. 
 (g) In addition to all such rights of indemnity and subrogation
as the Subsidiary Guarantors may have under applicable law (but subject to paragraph (i) of this Section 8.01), the Parent Borrower and each Subsidiary Borrower agree that in the event a payment in respect of any
Obligation shall be made by any Subsidiary Guarantor under this Agreement, the Parent Borrower and the applicable Subsidiary Borrower shall indemnify such Subsidiary Guarantor for the full amount of such payment and such Subsidiary Guarantor shall
be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment. 
 (h) Each Subsidiary
Guarantor (each such Subsidiary Guarantor being called a “Contributing Party”) agrees (subject to paragraph (i) of this Section 8.01) that, in the event a payment shall be made by any other Subsidiary
Guarantor hereunder in respect of any Obligation and such other Subsidiary Guarantor (the “Claiming Party”) shall not have been fully indemnified by the Parent Borrower or the applicable Subsidiary Borrower as provided in paragraph
(g) of this Section 8.01, such Contributing Party shall indemnify the Claiming Party in an amount equal to the amount of such payment multiplied by a fraction of which the numerator shall be the net worth of such
Contributing Party on the date hereof and the denominator shall be the aggregate net worth of all the Contributing Parties on the date hereof (or, in the case of any Contributing Party becoming a party hereto pursuant to
Section 5.09 after the date hereof, the date the Joinder is executed and delivered by such Contributing Party). Any Contributing Party making any payment to a Claiming Party pursuant to this paragraph shall (subject to
paragraph (i) of this Section 8.01) be subrogated to the rights of such Claiming Party under paragraph (g) of this Section 8.01 to the extent of such payment. 

  
 86 

 (i) Upon payment by a Guarantor of any sums as provided above, all rights of such Guarantor
against the Parent Borrower or any Subsidiary Borrower arising as a result thereof by way of right of subrogation or otherwise (including all rights of the Subsidiary Guarantors under paragraphs (g) and (h) of this
Section 8.01 and all other rights of the Subsidiary Guarantors of indemnity, contribution or subrogation under applicable law or otherwise) shall in all respects be subordinated and junior in right of payment to the prior
payment in full of all the Obligations to the Administrative Agent, the Lenders and the Issuing Banks. No failure on the part of any Borrower or any other Subsidiary Guarantor to make the payments required by paragraph (g) or (h) of this
Section 8.01 (or any other payments required under applicable law or otherwise) shall in any respect limit the obligations and liabilities of any Guarantor with respect to its guarantee hereunder, and each Guarantor shall
remain liable for the full amount of the guarantee of such Guarantor hereunder. 
 (j) Except as otherwise provided, in the case of any
Subsidiary Guarantor, in Section 5.09, nothing shall discharge or satisfy the liability of any Guarantor hereunder except the expiration or termination of the Revolving Commitments, payment in full of the principal of and
interest on each Loan, the repayment of all LC Disbursements then outstanding, the expiration or termination of all Letters of Credit and the payment or cash collateralization, as applicable, of all other Obligations then outstanding (other than
contingent indemnification obligations as to which no claim has been asserted). 
 (k) Anything contained in this Agreement to the contrary
notwithstanding, the obligations of each Subsidiary Guarantor hereunder shall be limited to a maximum aggregate amount equal to the greatest amount that would not render such Subsidiary Guarantor’s obligations hereunder subject to avoidance as
a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any provisions of applicable state, federal or provincial law (collectively, the “Fraudulent Transfer Laws”), in each case after
giving effect to all other liabilities of such Subsidiary Guarantor, contingent or otherwise, that are relevant under the Fraudulent Transfer Laws and after giving effect to the value of any rights to subrogation, contribution, reimbursement,
indemnity or similar rights of such guarantor. 
 ARTICLE IX 

THE ADMINISTRATIVE AGENT 

Each of the Lenders and the Issuing Banks hereby irrevocably appoints the Person named as the Administrative Agent in the heading of this
Agreement and its successors to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof, together with such actions and powers as are reasonably incidental thereto. The Person
serving as the Administrative Agent hereunder shall each have the same rights and powers in its capacity as a Lender or an Issuing Bank as any other Lender or Issuing Bank and may exercise the same as though it were not the Administrative Agent, and
such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Parent Borrower or any Subsidiary or
other Affiliate thereof as if it were not the Administrative Agent hereunder without any duty to account therefor to the Lenders or the Issuing Banks. 
  

  
 87 

 The Administrative Agent shall not have any duties or obligations except those expressly set
forth herein, and the Administrative Agent’s duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties,
regardless of whether a Default has occurred and is continuing (and it is understood and agreed that the use of the term “agent” herein (or any other similar term) with reference to the Administrative Agent is not intended to connote any
fiduciary or other implied (or express) obligations arising under agency doctrine or any applicable law, and that such term is used as a matter of market custom and is intended to create or reflect only an administrative relationship between
contracting parties), (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby that the Administrative Agent is
required to exercise in writing as directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith to be necessary, under the circumstances
provided in Section 10.02); provided that the Administrative Agent shall not be required to take any action that, in its opinion, could expose such Administrative Agent to liability or be contrary to this Agreement
or applicable law, and (c) except as expressly set forth herein, the Administrative Agent shall not have any duty to disclose, and the Administrative Agent shall not be liable for the failure to disclose, any information relating to the Parent
Borrower or any Subsidiary or other Affiliate thereof that is communicated to or obtained by the Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with
the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith to be necessary, under the circumstances as provided in
Section 10.02) or in the absence of its own gross negligence or willful misconduct (such absence to be presumed unless otherwise determined by a court of competent jurisdiction by a final and nonappealable judgment). The
Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof (stating that it is a “notice of default”) is given to the Administrative Agent by the Parent Borrower or a Lender, and the
Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement, (ii) the contents of any certificate, report or
other document delivered hereunder in connection herewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or the occurrence of any Default, (iv) the sufficiency,
validity, enforceability, effectiveness or genuineness of this Agreement or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt
of items expressly required to be delivered to the Administrative Agent or satisfaction of any condition that expressly refers to the matters described therein being acceptable or satisfactory to the Administrative Agent. The Administrative Agent shall be deemed to have no knowledge of any Lender being a Restricted Lender unless and until the Administrative Agent shall have received the written notice from such
Lender referred to in Section 1.09, and then only as and to the extent specified in such notice, and any determination of whether the Required Lenders or any other requisite Lenders
shall have provided a consent or direction in connection with this Agreement shall not be affected by any delivery to the Administrative Agent of any such written notice subsequent to
such consent or direction being provided by the Required Lenders or other requisite Lenders. 

  
 88 

 The Administrative Agent shall be entitled to rely upon, and shall not incur any liability
for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have
been signed, sent or otherwise authenticated by the proper Person (whether or not such Person in fact meets the requirements set forth in this Agreement for being the signatory, sender or authenticator thereof). The Administrative Agent also may
rely upon, and shall not incur any liability for relying upon, any statement made to it orally or by telephone and believed by it to be made by the proper Person (whether or not such Person in fact meets the requirements set forth in this Agreement
for being the signatory, sender or authenticator thereof), and may act upon any such statement prior to receipt of written confirmation thereof. In determining compliance with any condition hereunder to the making of a Loan or any issuance,
amendment or extension of any Letter of Credit that by its terms must be fulfilled to the satisfaction of a Lender or an Issuing Bank, the Administrative Agent may presume that such condition is satisfactory to such Lender or Issuing Bank, as the
case may be, unless the Administrative Agent shall have received notice to the contrary from such Lender or Issuing Bank, as the case may be, reasonably prior to the making of such Loan or such issuance, amendment or extension of a Letter of Credit.
The Administrative Agent may consult with legal counsel (who may be counsel for the Parent Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the
advice of any such counsel, accountants or experts. Notwithstanding anything herein to the contrary, the Administrative Agent shall not have any liability arising from, or be responsible for any loss, cost or expense suffered on account of, any
determination by the Administrative Agent (a) that any Lender is a Defaulting Lender, or the effective date of such status, it being further understood and agreed that the Administrative Agent shall not have any obligation to determine whether
any Lender is a Defaulting Lender, (b) of the Exchange Rate or LC Exchange Rate or (c) of whether the Required Lenders or any other requisite Lenders shall have consented to any amendment, waiver or other modification of this Agreement,
and shall be entitled to rely, and shall not incur any liability for relying, on the records maintained by it as contemplated by Section 10.04(b). 

The Administrative Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through
their respective Related Parties. The exculpatory provisions of this Article IX shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall
not be responsible for the negligence or misconduct of any of its sub-agents, except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the
Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

The Administrative Agent shall be permitted from time to time to designate one of its Affiliates to perform the duties to be performed by the
Administrative Agent hereunder with respect to Loans, Borrowings and Letters of Credit denominated in Foreign Currencies. The provisions of this Article IX shall apply to any such Affiliate, mutatis mutandis. 

  
 89 

 Subject to the terms of this paragraph, the Administrative Agent may resign at any time from
its capacity as such. In connection with such resignation, the Administrative Agent shall give notice of its intent to resign to the Lenders, the Issuing Banks and the Parent Borrower. Upon any such resignation, the Required Lenders shall have the
right to appoint a successor acceptable to the Parent Borrower. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its
resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent, which shall be a bank with an office in New York, New York having a combined capital and surplus of at
least US$500,000,000 or an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of
the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Parent Borrower to a successor Administrative Agent shall be the same as those payable to
its predecessor unless otherwise agreed between the Parent Borrower and such successor. Notwithstanding the foregoing, in the event no successor Administrative Agent shall have been so appointed and shall have accepted such appointment within 30
days after the retiring Administrative Agent gives notice of its intent to resign, the retiring Administrative Agent may give notice of the effectiveness of its resignation to the Lenders, the Issuing Banks and the Parent Borrower, whereupon, on the
date of effectiveness of such resignation stated in such notice, (a) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and (b) the Required Lenders shall succeed to and become vested with all
the rights, powers, privileges and duties of the retiring Administrative Agent, provided that (i) all payments required to be made hereunder to the retiring Administrative Agent for the account of any Person other than the retiring
Administrative Agent shall be made directly to such Person and (ii) all notices and other communications required or contemplated to be given or made to the retiring Administrative Agent shall also directly be given or made to each Lender and
each Issuing Bank. After an Administrative Agent’s resignation hereunder, the provisions of this Article IX and Section 10.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as the Administrative Agent. 

Each Lender and each Issuing Bank acknowledges that it has, independently and without reliance upon the Administrative Agent, any Arranger or
any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. 

Each Lender and each Issuing Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent, any
Arranger or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any related agreement or
any document furnished hereunder or thereunder. 

  
 90 

 Anything herein to the contrary notwithstanding, none of the syndication agents,
documentation agents, joint lead arrangers or joint bookrunners listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement (except in its capacity, as applicable, as the Administrative Agent, a Lender or
an Issuing Bank hereunder), but all such Persons shall have the benefit of the indemnities and exculpatory provisions provided for hereunder. 

In case of the pendency of any proceeding with respect to any Borrower under any Federal, state or foreign bankruptcy, insolvency,
receivership or similar law now or hereafter in effect, the Administrative Agent (irrespective of whether the principal of any Loan or any LC Disbursement shall then be due and payable as herein expressed or by declaration or otherwise and
irrespective of whether the Administrative Agent shall have made any demand on any Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, LC
Exposure and all other obligations under this Agreement that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Issuing Banks and the Administrative Agent (including
any claim under Sections 2.12, 2.13, 2.15, 2.16, 2.17 and 10.03) allowed in such judicial proceeding; and 

(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such proceeding is hereby authorized by each
Lender and each Issuing Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders or the Issuing Banks, to pay to the Administrative
Agent any amount due to it, in its capacity as the Administrative Agent, under this Agreement (including under Section 10.03). Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender or any Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the obligations or the rights of any Lender or Issuing Bank, or to vote in respect of the claim of
any Lender or Issuing Bank in any such proceeding. 
 Each Lender (x) represents and warrants, as of the date such Person became a
Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and the Arrangers and not, for the
avoidance of doubt, to or for the benefit of the Parent Borrower or any Subsidiary, that at least one of the following is and will be true: 

(a) such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or
more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Revolving Commitments or this Agreement, 

  
 91 

 (b) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Revolving Commitments and this Agreement, 

(c) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the
meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the
Letters of Credit, the Revolving Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Revolving Commitments and this Agreement satisfies the
requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of
Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Revolving Commitments and this
Agreement, or 
 (d) such other representation, warranty and covenant as may be agreed in writing between the Administrative
Agent and the Arrangers in their sole discretion, and such Lender. 
 In addition, unless either (i) the immediately preceding clause
(i) is true with respect to a Lender or (ii) a Lender has provided another representation, warranty and covenant in accordance with the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date
such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and the Arrangers,
and not, for the avoidance of doubt, to or for the benefit of the Parent Borrower or any Subsidiary, that the Administrative Agent and the Arrangers are not fiduciaries with respect to the assets of such Lender involved in such Lender’s
entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Revolving Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent
or the Arrangers under this Agreement or any documents related hereto or thereto). 

  
 92 

 ARTICLE X 

MISCELLANEOUS 

SECTION 10.01. Notices. 

(a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph
(b) below and Section 5.01), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail, sent by fax
or delivered by email, as follows: 
 (i) if to the Parent Borrower, to it at 1390 Enclave Parkway, Houston, Texas
77077-2027, Attention of Adolfo Jimenez, Vice President and Treasurer (email: jimenez.adolfo@corp.sysco.com, Fax: 281-584-1792), with copies to Attention of General
Counsel (email: mcfadden.eve@corp.sysco.com, Fax: (281) 584-2510); 
 (ii) if to a
Subsidiary Borrower or Subsidiary Guarantor, to it in care of the Parent Borrower at the address set forth above; 
 (iii) if
to the Administrative Agent, to JPMorgan Chase Bank, N.A., JPMorgan Loan Services, 500 Stanton Christiana Road, Ops 2, 3rd Floor, Newark, DE 19713, Attention of Loan and Agency Services Group
(email: michelle.keesee@chase.com, Fax: (302) 634-4733); 
 (iv) if to JPMorgan Chase
Bank, N.A., as Issuing Bank, 
 (A) to JPMorgan Chase Bank, N.A., 10420 Highland Manor Drive, 4th Floor, Tampa, Florida
33610-9120, Attention of Standby LC Unit (email: gts.ib.standby@jpmchase.com, Fax: (856) 294-5267); 

(B) with a copy to JPMorgan Chase Bank, N.A., JPMorgan Loan Services, 500 Stanton Christiana Road, Ops 2, 3rd Floor, Newark, DE 19713, Attention of Loan and Agency Services Group (email: michelle.keesee@chase.com, Fax: (302) 634-4733); 

(v) if to an Issuing Bank other than JPMorgan Chase Bank, N.A., to it at the address or fax number furnished by such Issuing
Bank to the Parent Borrower for notices and other communications hereunder; and 
 (vi) if to any other Lender, to it at its
address, email or fax number set forth in its Administrative Questionnaire. 
 Notices sent by hand or overnight courier service, or mailed
by certified or registered mail, shall be deemed to have been given when received; notices sent by fax shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have
been given at the opening of business on the next business day for the recipient). Notices delivered through Electronic Systems, to the extent provided in paragraph (b) of this Section 10.01, shall be effective as
provided in such paragraph (b). 
 (b) Notices and other communications to the Lenders and the Issuing Banks hereunder may be delivered or
furnished by using Electronic Systems pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II to any Lender or Issuing Bank if such Lender or Issuing
Bank has notified 

  
 93 

 
the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Parent Borrower (on behalf of itself, the
Subsidiary Borrowers and the Subsidiary Guarantors) may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such
procedures may be limited to particular notices or communications. 
 Unless the Administrative Agent otherwise prescribes, (i) notices
and other communications sent to an email address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return email or
other written acknowledgement) and (ii) notices or communications posted to an Electronic System shall be deemed received upon the deemed receipt by the intended recipient, at its email address as described in the foregoing clause (i), of
notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii) above, if such notice, email or other communication is not sent during the normal
business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 

(c) Any party hereto may change its address, email or fax number for notices and other communications hereunder by notice to the other parties
hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

(d) The Borrowers and the Subsidiary Guarantors agree that the Administrative Agent may, but shall not be obligated to, make Communications
available to the Lenders and the Issuing Banks by posting the Communications on Debt Domain, Intralinks, SyndTrak, ClearPar or any other Electronic System. Any Electronic System used by the Administrative Agent is provided “as is” and
“as available.” The Agent Parties do not warrant the adequacy of any Electronic System and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including,
without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in
connection with the Communications or any Electronic System. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Borrower, any Subsidiary Guarantor,
any Lender, any Issuing Bank or any other Person for damages of any kind, including without limitation direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise), arising out of the
Borrowers’, the Subsidiary Guarantors’ or the Administrative Agent’s transmission of Communications through an Electronic System, except, as to any Agent Party, to the extent that any such direct damages (as opposed to indirect,
special, incidental or consequential damages) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party. 

  
 94 

 SECTION 10.02. Waivers; Amendments. 

(a) No failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any right or power hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other
right or power. The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this
Agreement or consent to any departure by any Borrower or any Subsidiary Guarantor therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 10.02 , and then such
waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of
any Default, regardless of whether the Administrative Agent, any Lender or any Issuing Bank or any of their respective Affiliates may have had notice or knowledge of such Default at the time. 

(b) Except as provided in paragraph (c) of this Section 10.02, neither this Agreement (including any Joinder)
nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Parent Borrower and the Required Lenders or by the Parent Borrower and the Administrative Agent with the consent
of the Required Lenders; provided that no such agreement shall (i) increase the Revolving Commitment of any Lender, or change the currency in which Loans are available thereunder, without the written consent of such Lender,
(ii) reduce the principal amount of any Loan or LC Disbursement, reduce the rate of interest thereon or reduce any fees payable hereunder without the written consent of each Lender adversely affected thereby, (iii) postpone the scheduled
date of payment of the principal amount of any Loan or LC Disbursement, or any interest thereon, or any fees or other amount payable hereunder, or reduce the amount of, waive or excuse any such payment, or, subject to
Section 2.21, postpone the scheduled date of expiration of any Revolving Commitment, without the written consent of each Lender adversely affected thereby, (iv) change Section 2.18(b) or
2.18(c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender, (v) change the last sentence of Section 2.09(c) in a manner that would alter
the pro rata reduction of the Revolving Commitments required thereby, without the written consent of each Lender, (vi) change any of the provisions of this paragraph or the percentage set forth in the definition of “Required Lenders”
or any other provision hereof specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of
each Lender (or each Lender of such Class, as the case may be), (vii) release the Parent Borrower from its guarantee created hereunder or release all or substantially all of the Subsidiary Guarantors from their guarantees hereunder, other than as
provided in Section 5.09, without the written consent of each Lender or (viii) change any provisions of this Agreement in a manner that by its terms adversely affects the rights in respect of payments due to Lenders
holding Revolving Loans of any Class differently than those holding Revolving Loans of the other Class, without the written consent of Lenders representing a Majority in Interest of the differently affected Class; provided further
that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, any Swingline Lender or any Issuing Bank hereunder without the prior written consent of the Administrative Agent, such Swingline Lender
or such Issuing Bank, as the case may be. 
 (c) Notwithstanding anything to the contrary in paragraph (b) of this
Section 10.02: 

  
 95 

 (i) any provision of this Agreement may be amended by an agreement in
writing entered into by the Parent Borrower and the Administrative Agent to cure any ambiguity, omission, defect or inconsistency so long as, in each case, the Lenders shall have received at least five Business Days’ prior written notice
thereof (together with a copy thereof) and the Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to
such amendment; 
 (ii) no consent with respect to any amendment, waiver or other modification of this Agreement shall be
required of any Defaulting Lender, except with respect to any amendment, waiver or other modification referred to in clause (i), (ii) or (iii) of the first proviso of paragraph (b) of this Section 10.02 and then
only in the event such Defaulting Lender shall be affected by such amendment, waiver or other modification; 
 (iii) any
amendment, waiver or other modification of this Agreement that by its terms affects the rights or duties hereunder of the Lenders of any Class (but not the Lenders of the other Class) may be effected by an agreement or agreements in writing entered
into by the Parent Borrower, the Administrative Agent and the requisite number or percentage in interest of the affected Class of Lenders that would be required to consent thereto under this Section 10.02 if such
Class of Lenders were the only Class of Lenders hereunder at the time; 
 (iv) this Agreement may be amended in the
manner provided in Section 2.04(d) and the term “Swingline Commitment”, as such term is used in reference to any Swingline Lender, may be modified as contemplated by the definition of such term; 

(v) this Agreement may be amended in the manner provided in Section 2.05(i) and the
term “LC Commitment”, as such term is used in reference to any Issuing Bank, may be modified as contemplated by the definition of such term; and 

(vi) this Agreement may be amended in the manner provided in SectionSections
1.08, 2.14(b), 2.21 and 2.22. 
 (d) The Administrative Agent may, but shall have no obligation to, with
the concurrence of any Lender, execute amendments, waivers or other modifications on behalf of such Lender. Any amendment, waiver or other modification effected in accordance with this Section 10.02 shall be binding upon
each Person that is at the time thereof a Lender and each Person that subsequently becomes a Lender. 
 SECTION 10.03. Expenses;
Indemnity; Damage Waiver. 
 (a) The Parent Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent, the Arrangers or any of their Affiliates in connection with the syndication and arrangement of the credit facilities provided for herein, the
preparation and administration of this Agreement or any amendments, modifications or waivers of the provisions hereof (whether or not the transactions contemplated hereby or thereby shall be consummated); provided that, with respect to fees,
charges and disbursements of outside counsel, the Parent Borrower’s reimbursement obligations under this clause (i) shall be limited to the reasonable fees, 

  
 96 

 
charges and disbursements of a single U.S. counsel for the Administrative Agent and a single local counsel in the jurisdiction of organization or formation of any Subsidiary Borrower,
(ii) all reasonable out-of-pocket expenses incurred by the Issuing Banks in connection with the issuance, amendment or extension of any Letter of Credit or any
demand for payment thereunder, and (iii) all reasonable out-of-pocket expenses incurred by the Administrative Agent, any Issuing Bank or any Lender, including the
reasonable fees, charges and disbursements of any counsel for the Administrative Agent, any Issuing Bank or any Lender, in connection with the enforcement or protection of its rights in connection with this Agreement, including its rights under this
Section 10.03, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred
during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 
 (b) The Parent Borrower shall indemnify
the Administrative Agent, each Issuing Bank and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses,
claims, damages, liabilities and related expenses, including the reasonable fees, charges and disbursements of a single counsel for such Indemnitees taken as a whole (and, if necessary, a single local counsel in each relevant jurisdiction) and in
the case of a conflict of interest, one additional counsel (and, if necessary, an additional local counsel in each relevant jurisdiction) to each group of affected Indemnitees (to the extent necessary with respect to such groups), incurred by or
asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the arrangement, execution or delivery of this Agreement or any agreement or instrument contemplated hereby, the performance by the parties hereto of
their respective obligations hereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by any Issuing Bank to
honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on
or from any property owned or operated by the Parent Borrower or any of the Subsidiaries, or any Environmental Liability related in any way to the Parent Borrower or any of the Subsidiaries, or (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and regardless of whether initiated against or by any party to this Agreement, any Affiliate of any of the foregoing or any third party
and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (A) are determined
by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, willful misconduct or bad faith of such Indemnitee or a material breach by such Indemnitee of its obligations under this Agreement
or (B) result from disputes solely between Indemnitees (other than disputes involving claims against any Person in its capacity as, or fulfilling its role as, a joint bookrunner, joint lead arranger, the administrative agent or similar role in
respect of this Agreement) not involving any act or omission by the Parent Borrower, any Subsidiary or any Related Party of the Parent Borrower. This Section 10.03(b) shall not apply with respect to Taxes, other than any
Taxes that represent losses, claims, damages, liabilities, etc. arising from any non-Tax claim. 

  
 97 

 (c) Without limiting any provision of this Agreement, it is the express intention of the
parties hereto that each Indemnified Person shall be indemnified and held harmless against any and all losses, liabilities, claims or damages arising out of or resulting from the ordinary sole or contributory negligence of such Indemnified Person.
Without prejudice to the survival of any other obligations of the Parent Borrower hereunder, the obligations of the Parent Borrower under this Section 10.03 shall survive the termination of this Agreement and/or the payment
or assignment of the Loans. 
 (d) To the extent that the Parent Borrower fails to pay any amount required to be paid by it to the
Administrative Agent (or any sub-agent thereof), any Issuing Bank or any Swingline Lender under paragraph (a) or (b) of this Section 10.03, each Lender severally agrees to pay to
the Administrative Agent (or such sub-agent thereof), such Issuing Bank or such Swingline Lender, as the case may be, such Lender’s ratable share (determined as of the time that the applicable
unreimbursed expense or indemnity payment is sought by reference to the aggregate outstanding Revolving Commitments (or, if the Revolving Commitments have terminated, aggregate Revolving Credit Exposure, provided that, solely for the purposes
of this paragraph, the Global Tranche Revolving Credit Exposure of any Swingline Lender shall be deemed to exclude any amount of its Swingline Exposure in excess of its Global Tranche Percentage of the total Swingline Exposure, but adjusted to give
effect to any reallocation under Section 2.22 of the Swingline Exposures of Defaulting Lenders in effect at such time) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or such sub-agent), such Issuing Bank or such Swingline Lender in its capacity as such. 

(e) To the extent permitted by applicable law, neither an Indemnitee nor the Parent Borrower shall be liable to the Parent Borrower or any
Indemnitee in connection with its activities related to this Agreement or in connection with any suit, action or proceeding (i) for any damages arising from the use by unauthorized Persons of information or materials sent through electronic,
telecommunications or other information transmission systems that are intercepted by such Persons (except to the extent determined, by a court of competent jurisdiction in a final and nonappealable judgment, to arise from the bad faith, willful
misconduct or gross negligence of such Indemnitee or the Parent Borrower, as applicable) or for any special, indirect, consequential or punitive damages (it being understood that, to the extent any Indemnitee is liable to a third party for any
special, indirect, consequential or punitive damages, the Parent Borrower’s indemnification obligations set forth in paragraph (b) of this Section 10.03 shall apply, subject to the proviso contained in such
paragraph (b)). 
 (f) All amounts due under this Section 10.03 shall be payable not later than 30 days after
written demand therefor (including documentation reasonably supporting such reimbursement or indemnification request). 
 SECTION 10.04.
Successors and Assigns. 
 (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), except that (i) (A) the Parent Borrower may not assign or otherwise transfer any of its rights or
obligations hereunder without the prior written consent of each Lender, (B) no Subsidiary Borrower may assign or otherwise transfer any of its rights or obligations hereunder (except as permitted by Section 2.23(b))
without 

  
 98 

 
the prior written consent of each Lender and (C) no Subsidiary Guarantor may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the
Administrative Agent (acting at the direction of the Required Lenders) and, in each case under this clause (i), any such attempted assignment or transfer without such consent shall be null and void; provided that nothing in this clause
(i) prohibits a release, consolidation, merger or amalgamation not prohibited by this Agreement, and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this
Section 10.04. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate
of any Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section 10.04), the Arrangers and, to the extent expressly contemplated hereby, the Related Parties
of the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more assignees all or a portion of its
rights and obligations under this Agreement (including all or a portion of its Revolving Commitment of any Class and the Loans of any Class at the time owing to it) with the prior written consent (such consent not to be unreasonably
withheld or delayed) of: 
 (A) the Parent Borrower, provided, that no consent of the Parent Borrower shall be
required for an assignment to a Lender or an Affiliate of a Lender or, if an Event of Default under clause (a), (b), (h) or (i) of Section 7.01 has occurred and is continuing, for an assignment to any other assignee,
provided further that the Parent Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five Business Days after having received written
notice thereof; 
 (B) the Administrative Agent, provided that no consent of the Administrative Agent shall be
required for an assignment to an assignee that is a Lender immediately prior to giving effect to such assignment; 
 (C) in
the case of an assignment of the Global Tranche Revolving Commitment or any LC Exposure, each Issuing Bank; and 
 (D) in the
case of an assignment of the Global Tranche Revolving Commitment or any Swingline Exposure, each Swingline Lender. 
 (ii)
Assignments shall be subject to the following additional conditions: 
 (A) except in the case of an assignment to a Lender
or an Affiliate of a Lender or an assignment of the entire remaining amount of the assigning Lender’s Revolving Commitment or Loans of any Class, the amount of the Revolving Commitment or Loans of the assigning Lender subject to each such
assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than US$5,000,000 (or, in the case of a Loan denominated in a Foreign Currency, an
equivalent thereof) unless each of the Parent Borrower and the Administrative Agent otherwise consent, provided that no such consent of the Parent Borrower shall be required if an Event of Default under clause (a), (b), (h) or (i) of
Section 7.01 has occurred and is continuing; 

  
 99 

 (B) each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations under this Agreement; provided that this clause (B) shall not be construed to prohibit assignment of a proportionate part of all the assigning Lender’s
rights and obligations in respect of one Class of Revolving Commitments or Loans or, in the case of any SwinlineSwingline Lender, the assignment of its rights and obligations in respect of its Swingline Loans; 

(C) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption (or an
agreement incorporating by reference a form of Assignment and Assumption posted on the Electronic System), together with a processing and recordation fee of US$3,500; 

(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; and

 (E) no assignment shall be made to (1) the Parent Borrower or any Subsidiary or any Affiliate of the Parent Borrower,
(2) any Defaulting Lender or any of its Affiliates, or any Person that, upon becoming a Lender hereunder, would constitute any of the Persons described in this clause (2) or (3) a natural person (or to a holding company, investment vehicle
or trust for, or owned and operated for the primary benefit of, a natural person). 
 (iii) Subject to acceptance and
recording thereof pursuant to paragraph (b)(iv) of this Section 10.04, from and after the effective date specified in each Assignment and Assumption (or an agreement incorporating by reference a form of Assignment and
Assumption posted on the Electronic System) the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the
assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 10.03). Any assignment or transfer
by a Lender of rights or obligations under this Agreement that does not comply with this Section 10.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with paragraph (c) of this Section 10.04. 
 (iv) The Administrative
Agent, acting for this purpose as a non-fiduciary agent for the Borrowers, shall maintain at one of its offices in the United States a copy of each Assignment and Assumption delivered to it and a register for
the recordation of the names and addresses of the Lenders, and the Revolving Commitment of, and principal amount of 

  
 100 

 
the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent
manifest error, and the Borrowers, the Administrative Agent, the Issuing Banks and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. The Register shall be available for inspection by the Parent Borrower, any Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(v) Upon its receipt of a duly completed Assignment and Assumption (or an agreement incorporating by reference a form of
Assignment and Assumption posted on the Electronic System) executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and
recordation fee referred to in paragraph (b) of this Section 10.04 and any written consent to such assignment required by paragraph (b) of this Section 10.04, the Administrative Agent
shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

(c) (i) Any Lender may, without the consent of the Parent Borrower, the Administrative Agent, any Issuing Bank or any Swingline Lender, sell
participations to one or more banks or other entities (other than the Parent Borrower, any Subsidiary or any Affiliate of the Parent Borrower, a natural person or to a holding company, investment vehicle or trust for, or owned and operated for the
primary benefit of, a natural person) (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Revolving Commitment of any Class and the Loans of
any Class owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such
obligations and (C) the Borrowers, the Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement.
Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this
Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in clauses (i), (ii) and (iii) of the first
proviso of Section 10.02(b) that affects such Participant. Subject to paragraph (c)(ii) of this Section 10.04, the Borrowers agree that each Participant shall be entitled to the benefits of
Sections 2.15, 2.16 and 2.17 (subject to the requirements and limitations therein) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this
Section 10.04. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be
subject to Section 2.18(c) as though it were a Lender. 

  
 101 

 (ii) A Participant shall not be entitled to receive any greater payment
under Section 2.15 or 2.17 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made
with the Parent Borrower’s prior written consent. A Participant shall not be entitled to the benefits of Section 2.17 unless the Parent Borrower is notified of the participation sold to such Participant and such
Participant agrees, for the benefit of the Parent Borrower, to comply with Section 2.17(f) as though it were a Lender (it being understood that the documentation required under Section 2.17(f)
shall be delivered to the participating Lender). 
 (iii) Each Lender that sells a participation shall, acting solely for
this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each
Participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register
(including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under this Agreement) to any Person except to the extent that such
disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries
in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding
any notice to the contrary. The Participant Register shall be available for inspection by the Parent Borrower and any Recipient, at any reasonable time and from time to time upon reasonable prior notice. For the avoidance of doubt, the
Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 
 (d)
Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or
other central bank, and this Section 10.04 shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of
its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 SECTION 10.05. Survival.
All covenants, agreements, representations and warranties made by the Borrowers and the Subsidiary Guarantors herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have
been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its
behalf and notwithstanding that the Administrative Agent, any Issuing Bank, any Lender or any Affiliate of the foregoing may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended
hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and
so long as the Revolving Commitments have not expired or terminated. Notwithstanding the foregoing or anything else to the contrary set forth in this Agreement, in the event that an Issuing Bank shall have provided to the Administrative Agent a
written consent to the release of the Global Tranche Lenders from their 

  
 102 

 
obligations hereunder with respect to any Letter of Credit issued by such Issuing Bank (whether as a result of the obligations of the applicable Borrower in respect of such Letter of Credit
having been collateralized in full by a deposit of cash with such Issuing Bank, or being supported by a letter of credit that names such Issuing Bank as the beneficiary thereunder, or otherwise), then from and after such time such Letter of Credit
shall cease to be a “Letter of Credit” outstanding hereunder for all purposes of this (including for purposes of determining whether the Parent Borrower is required to comply with Articles V and VI hereof, but excluding
Sections 2.15, 2.16, 2.17 and 10.03), and the Global Tranche Lenders shall be deemed to have no participations in such Letter of Credit, and no obligations with respect thereto, under
Section 2.05(d) or 2.05(e). The provisions of Sections 2.15, 2.16, 2.17 and 10.03 and Article IX shall survive and remain in full force and effect regardless of the consummation of
the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Revolving Commitments or the termination of this Agreement or any provision hereof. 

SECTION 10.06. Counterparts; Integration; Effectiveness; Electronic Execution. 

(a) This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute
an original, but all of which when taken together shall constitute a single contract. This Agreement (including the Joinders hereto) and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire
contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof, including the commitments of the Lenders and, if applicable,
their Affiliates, set forth in any commitment letter entered into in connection herewith (but do not supersede any provisions of any such commitment letter that by their terms survive the effectiveness of this Agreement). Except as provided in
Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the
signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

(b) Delivery of an executed counterpart of a signature page of this Agreement by fax, emailed pdf. or any other electronic means that
reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement. The words “execution,” “signed,” “signature,” “delivery,” and
words of like import in or relating to any document to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form,
each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any
applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act or any other similar state laws based on the Uniform Electronic Transactions Act;
provided that notwithstanding anything contained herein to the contrary, the Administrative Agent shall not be under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the
Administrative Agent pursuant to procedures approved by it.    Without limiting the generality of the
foregoing, the parties hereto hereby (i) agree
that, for all purposes, including in connection with any  

  
 103 

 
workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders,
the Borrowers or the Subsidiary Guarantors, electronic images of this Agreement (in each case, including with respect to any signature pages thereto) shall have the same legal effect, validity and enforceability as any paper original, and
(ii) waive any argument, defense or right to contest the validity or enforceability of this Agreement based solely on the lack of paper original copies of this Agreement, including with respect to any signature pages hereto. 
 SECTION 10.07. Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions
hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

SECTION 10.08. Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender, each Issuing Bank and each
of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and
other obligations at any time owing by such Lender, Issuing Bank or Affiliate to or for the credit or the account of any Borrower against any of and all the obligations of such Borrower and of the Parent Borrower now or hereafter existing under this
Agreement held by such Lender or Issuing Bank, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured; provided that in the event that any Defaulting Lender
shall exercise any such right of setoff, (a) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.22(e) and, pending
such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing Banks and the Lenders, and (b) the Defaulting Lender shall provide promptly to
the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, each Issuing Bank and their respective Affiliates under
this Section 10.08 are in addition to other rights and remedies (including other rights of setoff) that such Lender, such Issuing Bank or their respective Affiliates may have. Each Lender and Issuing Bank agrees to notify
the Parent Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

SECTION 10.09. Governing Law; Jurisdiction; Consent to Service of Process. 

(a) This Agreement shall be construed, and the rights of the parties hereto determined, in accordance with and governed by the law of the
State of New York. 
 (b) Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the jurisdiction
of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from either thereof, in any suit, action or proceeding arising out of or
relating to this Agreement, 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 suit,

  
 104 

 
action or proceeding shall be heard and determined exclusively in such federal court or, in the event such federal court lacks subject matter jurisdiction, in such New York State; provided
that nothing in this Agreement shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any suit, action or proceeding relating to this Agreement against any Subsidiary Borrower, or any of its
properties, in the courts of the jurisdiction of such Subsidiary Borrower’s organization or formation. Each of the parties hereto agrees that a final judgment in any such suit, action or proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by law. 
 (c) Each party hereto hereby irrevocably and
unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court
referred to in paragraph (b) of this Section 10.09. 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. 
 (d) Each party to this Agreement irrevocably consents to service of process in the manner provided for
notices in Section 10.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

(e) Each Subsidiary Borrower hereby irrevocably designates, appoints and empowers the Parent Borrower, and the Parent Borrower hereby accepts
such appointment, as its designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect of its property, service of any and all legal process, summons, notices and documents that may be served in any suit,
action or proceeding arising out of or relating to this Agreement. Such service may be made by mailing or delivering a copy of such process to any Subsidiary Borrower in care of the Parent Borrower at the Parent Borrower’s address used for
purposes of giving notices under Section 10.01, and each Subsidiary Borrower hereby irrevocably authorizes and directs the Parent Borrower to accept such service on its behalf. 

(f) In the event any Subsidiary Borrower or any of its assets has or hereafter acquires, in any jurisdiction in which judicial proceedings may
at any time be commenced with respect to this Agreement, any immunity from jurisdiction, legal proceedings, attachment (whether before or after judgment), execution, judgment or setoff, such Subsidiary Borrower hereby irrevocably agrees not to claim
and hereby irrevocably and unconditionally waives such immunity. 
 SECTION 10.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON
CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

  
 105 

 SECTION 10.11. Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 10.12. Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to its Affiliates and its and its Affiliates’ Related Parties, including accountants, legal counsel and other advisors (it being understood that the Persons to
whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential or shall be subject to a professional or employment obligation of confidentiality), (b) to the extent
requested by any regulatory authority, (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any
remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, (f) subject to an express agreement for the benefit of the Parent Borrower containing provisions substantially the same as
those of this Section 10.12, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or their respective advisors in connection
with such transaction, (ii) an actual or prospective credit insurance provider or to such provider’s advisors or (iii) an actual or prospective counterparty to any swap or derivative transaction relating to the Parent Borrower, any
Subsidiary and its obligations or to such counterparty’s advisors in connection with such transaction, (g) with the consent of the Parent Borrower, (h) to the extent such Information (i) becomes publicly available other than as a
result of a breach of this Section 10.12 or (ii) becomes available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis from a source other than the Parent Borrower (and, in the case
of this clause (ii), the affected party receiving such information does not have actual knowledge that such disclosure is in breach of a confidentiality obligation owed to the Parent Borrower or a Subsidiary), (i) on a confidential basis to the
CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the credit facilities provided for herein or (j) in the case of information regarding the closing date, size, type,
purpose of, and parties to, the credit facilities established hereunder, to market data collectors, such as league table, or other service providers to the lending industry. For the purposes of this Section 10.12,
“Information” means all information received from the Parent Borrower relating to the Parent Borrower, a Subsidiary or their businesses, other than any such information that is available to the Administrative Agent, any Issuing Bank
or any Lender on a nonconfidential basis prior to disclosure by the Parent Borrower or is furnished or deemed furnished pursuant to Section 5.01(a)(i), (b)(i), (d) or (e);
provided that, in the case of information received from the Parent Borrower after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of
Information as provided in this Section 10.12 shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as
such Person would accord to its own confidential information. It is agreed that, notwithstanding the restrictions of any prior confidentiality agreement binding on the Administrative Agent or any Arranger relating to this Agreement, such Persons may
disclose Information as provided in this Section 10.12. 

  
 106 

 SECTION 10.13. Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the
maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan
hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the
operation of this Section 10.13 shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated
amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 

SECTION 10.14. Conversion of Currencies. (a) If, for the purpose of obtaining judgment in any court, it is necessary to convert a
sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures in the
relevant jurisdiction the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given. 

(b) The obligations of each Borrower in respect of any sum due to any party hereto or any holder of the Obligations owing hereunder (the
“Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder (the “Agreement Currency”),
be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in accordance with normal banking procedures in the
relevant jurisdiction purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Applicable Creditor in the Agreement Currency, such Borrower agrees, as
a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Applicable Creditor in the
Agreement Currency, such Applicable Creditor agrees to return the amount of any excess to the applicable Borrower (or to any other Person who may be entitled thereto under applicable law). The obligations of the Borrowers contained in this
Section 10.14 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder. 

SECTION 10.15. Material Non-Public Information. 

(a) EACH LENDER ACKNOWLEDGES THAT INFORMATION FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MNPI, AND CONFIRMS THAT IT HAS DEVELOPED
COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE MNPI IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS. 

  
 107 

 (b) ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY ANY
BORROWER OR THE ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MNPI. ACCORDINGLY, EACH LENDER REPRESENTS TO THE BORROWERS AND THE ADMINISTRATIVE AGENT THAT
IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE
LAW. 
 SECTION 10.16. Certain Notices. Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby
notifies each Borrower and each Subsidiary Guarantor that, pursuant to the requirements of the USA Patriot Act and/or the Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies each Borrower and each
Subsidiary Guarantor, which information includes the name and address of each Borrower and each Subsidiary Guarantor and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each Borrower and each
Subsidiary Guarantor in accordance with the USA Patriot Act and the Beneficial Ownership Regulation. 
 SECTION 10.17. Independence of
Covenants. All covenants contained in this Agreement shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that such action or condition would be permitted by an
exception to, or otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or condition exists. 

SECTION 10.18. No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby
(including in connection with any amendment, waiver or other modification hereof), each Borrower and each Subsidiary Guarantor acknowledges and agrees that: (i) (A) the arranging and other services regarding this Agreement provided by the
Credit Parties are arm’s-length commercial transactions between the Borrowers, the Subsidiary Guarantors and their Affiliates, on the one hand, and the Credit Parties, on the other hand, (B) the
Borrowers and the Subsidiary Guarantors have consulted their own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) the Borrowers and the Subsidiary Guarantors are capable of evaluating, and
understands and accepts, the terms, risks and conditions of the transactions contemplated hereby; (ii) (A) each of the Credit Parties is and has been acting solely as a principal and, except as expressly agreed in writing by such Credit Party,
has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrowers, the Subsidiary Guarantors or any of their Affiliates, or any other Person and (B) no Credit Party has any obligation to the Borrowers, the
Subsidiary Guarantors or any of their Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein; and (iii) each of the Credit Parties and its Affiliates may be engaged in a broad range
of transactions that involve interests that differ from those of the Borrowers, the Subsidiary Guarantors and their Affiliates, and no Credit Party has any obligation to disclose any of such interests to any Borrower, any Subsidiary Guarantor or its
Affiliates. To the fullest extent permitted by law, the Borrowers and the Subsidiary Guarantors hereby agree not to assert any claims against any Credit Party or its Affiliates with respect to any breach or alleged breach of agency or fiduciary duty
in connection with any aspect of any transaction contemplated hereby. 

  
 108 

 SECTION 10.19. Acknowledgement and Consent to
Bail-In of EEAAffected Financial Institutions. Notwithstanding anything to the contrary in this Agreement or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that
any liability of any EEALender that is
an Affected Financial Institution arising under this Agreement, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion
Powers of an EEAthe
applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 
 (a) the
application of any Write-Down and Conversion Powers by an EEAthe applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party heretoLender that is an
EEAAffected Financial
Institution; and 
 (b) the effects of any Bail-In Action on any such liability, including,
if applicable: 
 (i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Affected Financial Institution,
its parent
entityundertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other
instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement; or 

(iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of

 any EEAthe applicable Resolution Authority. 

SECTION 10.20. Waiver of Notice of Termination Under Existing Credit Agreement. Each Lender that is a
“Lender” under (and as defined in) the Existing Credit Agreement (all of which Lenders constitute the “Required Lenders” under (and as defined in) the Existing Credit Agreement) hereby waives any requirement under the Existing
Credit Agreement that notice be given prior to the prepayment of loans or termination of commitments thereunder; provided that such commitments are terminated by notice to the administrative agent under the Existing Credit Agreement on the
Effective Date. 
 [END OF TEXT] 

  
 109 

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

 

			
	PARENT BORROWER:
	SYSCO CORPORATION
		
	by	 	 
		 	Name:
		 	Title:

  
 110 

 
					
	CANADIAN SUBSIDIARY BORROWER:
	
	SYSCO CANADA, INC.
			
		 	by	 	
	    	 		 	 
		 		 	Name:
		 		 	Title:

  
 111 

					
	LUXEMBOURG SUBSIDIARY BORROWER:
	
	SYSCO EU II S.À R.L.
			
	    	 	by	 	
		 		 	 
		 		 	Name:
		 		 	Title:

  

  
 112 

					
		 	 SUBSIDIARY GUARANTORS:

 
 SYSCO ALBANY, LLC

SYSCO ATLANTA, LLC
 SYSCO BALTIMORE, LLC
 SYSCO BARABOO, LLC

SYSCO BOSTON, LLC
 SYSCO CENTRAL ALABAMA, INC.
 SYSCO CENTRAL CALIFORNIA, INC.

SYSCO CENTRAL FLORIDA, INC.

SYSCO CENTRAL ILLINOIS, INC.

SYSCO CENTRAL PENNSYLVANIA, LLC

SYSCO CHARLOTTE, LLC

SYSCO CHICAGO, INC.

SYSCO CINCINNATI, LLC

SYSCO CLEVELAND, INC.

SYSCO COLUMBIA, LLC

SYSCO CONNECTICUT, LLC

SYSCO DETROIT, LLC.

SYSCO EASTERN MARYLAND, LLC

SYSCO EASTERN WISCONSIN, LLC

SYSCO GRAND RAPIDS, LLC

SYSCO GULF COAST, INC.

SYSCO HAMPTON ROADS, INC.

SYSCO INDIANAPOLIS, LLC

SYSCO IOWA, INC.
 SYSCO JACKSON, LLC
 SYSCO JACKSONVILLE, INC.

SYSCO KANSAS CITY, INC.

SYSCO KNOXVILLE, LLC

SYSCO LINCOLN, INC.

SYSCO LONG ISLAND, LLC

SYSCO LOS ANGELES, INC.

SYSCO LOUISVILLE, INC.

SYSCO MEMPHIS, LLC
 SYSCO METRO NEW YORK, LLC
 SYSCO MINNESOTA, INC.

SYSCO MONTANA, INC.

SYSCO NASHVILLE, LLC

SYSCO NORTH DAKOTA , INC.;

SYSCO NORTHERN NEW ENGLAND, INC.

SYSCO PHILADELPHIA, LLC

SYSCO PITTSBURGH, LLC

SYSCO PORTLAND, INC.

SYSCO RALEIGH, LLC
 SYSCO RIVERSIDE, INC.
 SYSCO SACRAMENTO, INC.

 

  
 113 

			
	 SYSCO SAN DIEGO, INC.

SYSCO SAN FRANCISCO, INC.

SYSCO SEATTLE, INC.

SYSCO SOUTH FLORIDA, INC.

SYSCO SOUTHEAST FLORIDA, LLC

SYSCO SPOKANE, INC.

SYSCO ST. LOUIS, LLC

SYSCO SYRACUSE, LLC

SYSCO USA I, INC.
 SYSCO USA II, LLC
 SYSCO VENTURA, INC.

SYSCO VIRGINIA, LLC

SYSCO WEST COAST FLORIDA, INC.

SYSCO WESTERN MINNESOTA, INC.

		
	 each by
	 	 
		 	Name:
		 	Title:

  
 114 

			
	JPMORGAN CHASE BANK, N.A., individually and as Administrative Agent
		
	 by
	 	 
		 	Name:
		 	Title:

  
 115 

 SIGNATURE
PAGE TO 
 THE CREDIT AGREEMENT 

OF SYSCO CORPORATION 
  

			
	Name of Lender:
		
	 by
	 	 
		 	Name:
		 	Title:

  

			
	For any Lender requiring a second signature block:
		
	 by
	 	 
		 	Name:
		 	Title:

  
 116convertiblenotesindentur

                                                  EXHIBIT 4.1                    TRICIDA, INC.                                               AND                               U.S. BANK NATIONAL ASSOCIATION,                                           AS TRUSTEE                                            INDENTURE                                                             DATED AS OF MAY 22, 2020                                                    3.50% CONVERTIBLE SENIOR NOTES DUE 2027                   

 

                            TABLE OF CONTENTS                                                                                                                   Page    ARTICLE 1   DEFINITIONS ....................................................................................................... 1        1.01  Definitions.............................................................................................................. 1        1.02  References to Interest ........................................................................................... 12  ARTICLE 2   ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND              EXCHANGE OF NOTES.................................................................................... 12        2.01  Designation and Amount ..................................................................................... 12        2.02  Form of Notes ...................................................................................................... 12        2.03  Date and Denomination of Notes; Payments of Interest and Defaulted              Amounts ............................................................................................................... 13        2.04  Execution, Authentication and Delivery of Notes ............................................... 15        2.05  Exchange and Registration of Transfer of Notes; Restrictions on Transfer;              Depositary ............................................................................................................ 15        2.06  Mutilated, Destroyed, Lost or Stolen Notes......................................................... 21        2.07  Temporary Notes ................................................................................................. 22        2.08  Cancellation of Notes Paid, Converted, Etc......................................................... 23        2.09  CUSIP Numbers................................................................................................... 23        2.10  Additional Notes; Repurchases ............................................................................ 23  ARTICLE 3   SATISFACTION AND DISCHARGE................................................................ 24        3.01  Satisfaction and Discharge ................................................................................... 24  ARTICLE 4   PARTICULAR COVENANTS OF THE COMPANY ....................................... 24        4.01  Payment of Principal and Interest ........................................................................ 24        4.02  Maintenance of Office or Agency ........................................................................ 24        4.03  Appointments to Fill Vacancies in Trustee’s Office ............................................ 25        4.04  Provisions as to Paying Agent ............................................................................. 25        4.05  Existence .............................................................................................................. 26        4.06  Rule 144A Information Requirement and Annual Reports ................................. 26        4.07  Stay, Extension and Usury Laws ......................................................................... 28        4.08  Compliance Certificate; Statements as to Defaults .............................................. 28        4.09  Further Instruments and Acts ............................................................................... 28  ARTICLE 5   LISTS OF HOLDERS AND REPORTS BY THE COMPANY AND THE              TRUSTEE ............................................................................................................ 29                                         -i-          

 

                            TABLE OF CONTENTS                                    (continued)                                                                          Page          5.01  Lists of Holders .................................................................................................... 29        5.02  Preservation and Disclosure of Lists.................................................................... 29  ARTICLE 6   DEFAULTS AND REMEDIES .......................................................................... 29        6.01  Events of Default ................................................................................................. 29        6.02  Acceleration; Rescission and Annulment ............................................................ 30        6.03  Additional Interest ............................................................................................... 31        6.04  Payments of Notes on Default; Suit Therefor ...................................................... 32        6.05  Application of Monies Collected by Trustee ....................................................... 34        6.06  Proceedings by Holders ....................................................................................... 35        6.07  Proceedings by Trustee ........................................................................................ 36        6.08  Remedies Cumulative and Continuing ................................................................ 36        6.09  Direction of Proceedings and Waiver of Defaults by Majority of Holders ......... 36        6.10  Notice of Defaults ................................................................................................ 37        6.11  Undertaking to Pay Costs..................................................................................... 37  ARTICLE 7   CONCERNING THE TRUSTEE ........................................................................ 37        7.01  Duties and Responsibilities of Trustee ................................................................ 37        7.02  Reliance on Documents, Opinions, Etc ............................................................... 39        7.03  No Responsibility for Recitals, Etc ...................................................................... 40        7.04  Trustee, Paying Agents, Conversion Agents, Bid Solicitation Agent or              Note Registrar May Own Notes ........................................................................... 40        7.05  Monies to Be Held in Trust .................................................................................. 40        7.06  Compensation and Expenses of Trustee .............................................................. 40        7.07  Officers’ Certificate and Opinion of Counsel as Evidence .................................. 41        7.08  Eligibility of Trustee ............................................................................................ 41        7.09  Resignation or Removal of Trustee ..................................................................... 42        7.10  Acceptance by Successor Trustee ........................................................................ 43        7.11  Succession by Merger, Etc ................................................................................... 43        7.12  Trustee’s Application for Instructions from the Company .................................. 44  ARTICLE 8   CONCERNING THE HOLDERS ....................................................................... 44        8.01  Action by Holders ................................................................................................ 44                                        -ii-          

 

                            TABLE OF CONTENTS                                    (continued)                                                                          Page          8.02  Proof of Execution by Holders ............................................................................ 44        8.03  Who Are Deemed Absolute Owners .................................................................... 45        8.04  Company-Owned Notes Disregarded .................................................................. 45        8.05  Revocation of Consents; Future Holders Bound ................................................. 45  ARTICLE 9   HOLDERS’ MEETINGS..................................................................................... 46        9.01  Purpose of Meetings ............................................................................................ 46        9.02  Call of Meetings by Trustee ................................................................................. 46        9.03  Call of Meetings by Company or Holders ........................................................... 46        9.04  Qualifications for Voting ..................................................................................... 47        9.05  Regulations .......................................................................................................... 47        9.06  Voting .................................................................................................................. 47        9.07  No Delay of Rights by Meeting ........................................................................... 48  ARTICLE 10  SUPPLEMENTAL INDENTURES .................................................................... 48        10.01 Supplemental Indentures Without Consent of Holders ....................................... 48        10.02 Supplemental Indentures with Consent of Holders ............................................. 49        10.03 Effect of Supplemental Indentures....................................................................... 50        10.04 Notation on Notes ................................................................................................ 50        10.05 Evidence of Compliance of Supplemental Indenture to Be Furnished              Trustee.................................................................................................................. 50  ARTICLE 11  CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE.......... 51        11.01 Company May Consolidate, Etc .......................................................................... 51        11.02 Successor Corporation to Be Substituted ............................................................. 51        11.03 Opinion of Counsel to Be Given to Trustee ......................................................... 52  ARTICLE 12  IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS              AND DIRECTORS .............................................................................................. 52        12.01 Indenture and Notes Solely Corporate Obligations ............................................. 52  ARTICLE 13  [INTENTIONALLY OMITTED] ........................................................................ 52  ARTICLE 14  CONVERSION OF NOTES ................................................................................ 52        14.01 Conversion Privilege ............................................................................................ 52        14.02 Conversion Procedure; Settlement Upon Conversion. ........................................ 55                                        -iii-         

 

                            TABLE OF CONTENTS                                    (continued)                                                                          Page          14.03 Increased Conversion Rate Applicable to Certain Notes Surrendered in              Connection with Make-Whole Fundamental Changes or Notices of              Redemption .......................................................................................................... 59        14.04 Adjustment of Conversion Rate ........................................................................... 62        14.05 Adjustments of Prices .......................................................................................... 72        14.06 Shares to Be Fully Paid ........................................................................................ 72        14.07 Effect of Recapitalizations, Reclassifications and Changes of the Common              Stock. ................................................................................................................... 72        14.08 Certain Covenants ................................................................................................ 74        14.09 Responsibility of Trustee ..................................................................................... 75        14.10 Notice to Holders Prior to Certain Actions .......................................................... 75        14.11 Stockholder Rights Plans ..................................................................................... 76  ARTICLE 15  REPURCHASE OF NOTES AT OPTION OF HOLDERS ................................ 76        15.01 [Intentionally Omitted]. ....................................................................................... 76        15.02 Repurchase at Option of Holders Upon a Fundamental Change ......................... 76        15.03 Withdrawal of Fundamental Change Repurchase Notice .................................... 79        15.04 Deposit of Fundamental Change Repurchase Price ............................................. 79        15.05 Covenant to Comply with Applicable Laws Upon Repurchase of Notes ............ 80  ARTICLE 16  OPTIONAL REDEMPTION ............................................................................... 80        16.01 Optional Redemption ........................................................................................... 80        16.02 Notice of Optional Redemption; Selection of Notes ........................................... 80        16.03 Payment of Notes Called for Redemption ........................................................... 82        16.04 Restrictions on Redemption ................................................................................. 82  ARTICLE 17  MISCELLANEOUS PROVISIONS .................................................................... 82        17.01 Provisions Binding on Company’s Successors .................................................... 82        17.02 Official Acts by Successor Corporation .............................................................. 82        17.03 Addresses for Notices, Etc ................................................................................... 83        17.04 Governing Law; Jurisdiction................................................................................ 83        17.05 Evidence of Compliance with Conditions Precedent; Certificates and              Opinions of Counsel to Trustee ........................................................................... 84        17.06 Legal Holidays ..................................................................................................... 84                                        -iv-          

 

                      TABLE OF CONTENTS                              (continued)                                                                    Page                 17.07 No Security Interest Created ................................................................................ 84  17.08 Benefits of Indenture............................................................................................ 85  17.09 Table of Contents, Headings, Etc ........................................................................ 85  17.10 Authenticating Agent ........................................................................................... 85  17.11 Execution in Counterparts.................................................................................... 86  17.12 Severability .......................................................................................................... 86  17.13 Waiver of Jury Trial ............................................................................................. 86  17.14 Force Majeure ...................................................................................................... 86  17.15 Calculations.......................................................................................................... 86  17.16 USA PATRIOT Act ............................................................................................. 87                                   -v-                                     

 

                                                                                       INDENTURE dated as of May 22, 2020 between TRICIDA, INC., a Delaware  corporation, as issuer (the “Company,” as more fully set forth in Section 1.01) and U.S. BANK  NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee,” as  more fully set forth in Section 1.01).                                   WITNESSETH:         WHEREAS, for its lawful corporate purposes, the Company has duly authorized the  issuance of its 3.50% Convertible Senior Notes due 2027 (the “Notes”), initially in an aggregate  principal amount not to exceed $200,000,000, and in order to provide the terms and conditions  upon which the Notes are to be authenticated, issued and delivered, the Company has duly  authorized the execution and delivery of this Indenture; and         WHEREAS, the Form of Note, the certificate of authentication to be borne by each  Note, the Form of Notice of Conversion, the Form of Fundamental Change Repurchase Notice  and the Form of Assignment and Transfer to be borne by the Notes are to be substantially in the  forms hereinafter provided; and         WHEREAS, all acts and things necessary to make the Notes, when executed by the  Company and authenticated and delivered by the Trustee or a duly authorized authenticating  agent, as in this Indenture provided, the valid, binding and legal obligations of the Company, and  this Indenture a valid agreement according to its terms, have been done and performed, and the  execution of this Indenture and the issuance hereunder of the Notes have in all respects been duly  authorized.         NOW, THEREFORE, THIS INDENTURE WITNESSETH:         That in order to declare the terms and conditions upon which the Notes are, and are to be,  authenticated, issued and delivered, and in consideration of the premises and of the purchase and  acceptance of the Notes by the Holders thereof, the Company covenants and agrees with the  Trustee for the equal and proportionate benefit of the respective Holders from time to time of the  Notes (except as otherwise provided below), as follows:                                    ARTICLE 1                                                                           DEFINITIONS         1.01  Definitions. The terms defined in this Section 1.01 (except as herein otherwise  expressly provided or unless the context otherwise requires) for all purposes of this Indenture  and of any indenture supplemental hereto shall have the respective meanings specified in this  Section 1.01. The words “herein,” “hereof,” “hereunder” and words of similar import refer to this  Indenture as a whole and not to any particular Article, Section or other subdivision. The terms  defined in this Article include the plural as well as the singular.         “Additional Interest” means all amounts, if any, payable pursuant to Section 4.06(e),  Section 4.06(f) and Section 6.03, as applicable.         “Additional Shares” shall have the meaning specified in Section 14.03(b).                                         1    

 

         “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.         “Bid Solicitation Agent” means the Company or the Person appointed by the Company  to solicit bids for the Trading Price of the Notes in accordance with Section 14.01(b)(i). The  Company shall initially act as the Bid Solicitation Agent.         “Board of Directors” means the board of directors of the Company or a committee of  such board duly authorized to act for it hereunder.         “Board Resolution” means a copy of a resolution certified by the Secretary or an  Assistant Secretary of the Company to have been duly adopted by the Board of Directors, and to  be in full force and effect on the date of such certification, and delivered to the Trustee.         “Business Day” means, with respect to any Note, 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.         “Capital Stock” means, for any entity, any and all shares, interests, rights to purchase,  warrants, options, participations or other equivalents of or interests in (however designated)  stock issued by that entity.         “Cash Settlement” shall have the meaning specified in Section 14.02(a).         “Clause A Distribution” shall have the meaning specified in Section 14.04(c).         “Clause B Distribution” shall have the meaning specified in Section 14.04(c).         “Clause C Distribution” shall have the meaning specified in Section 14.04(c).         “close of business” means 5:00 p.m. (New York City time).         “Combination Settlement” shall have the meaning specified in Section 14.02(a).         “Commission” means the U.S. Securities and Exchange Commission.         “Common Equity” of any Person means Capital Stock 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.                                         2    

 

         “Common Stock” means the common stock of the Company, par value $0.001 per share,  at the date of this Indenture, subject to Section 14.07.         “Company” shall have the meaning specified in the first paragraph of this Indenture, and  subject to the provisions of Article 11, shall include its successors and assigns.         “Company Order” means a written order of the Company, signed by two Officers.          “Conversion Agent” shall have the meaning specified in Section 4.02.         “Conversion Date” shall have the meaning specified in Section 14.02(c).         “Conversion Obligation” shall have the meaning specified in Section 14.01(a).         “Conversion Price” means as of any time, $1,000, divided by the Conversion Rate as of  such time.         “Conversion Rate” shall have the meaning specified in Section 14.01(a).         “Corporate Trust Office” means the office of the Trustee at which at any time its  corporate trust business related to this Indenture shall be administered, which office at the date  hereof is located at 425 Walnut Street, Cincinnati, OH 45202, Attention: Daniel Boyers, Vice  President and Trust Officer, or such other address as the Trustee may designate from time to time  by notice to the Holders and the Company, or the principal corporate trust office of any  successor trustee (or such other address as such successor trustee may designate from time to  time by notice to the Holders and the Company).         “Custodian” means the Trustee, as custodian for The Depository Trust Company, with  respect to the Global Notes, or any successor entity thereto.         “Daily Conversion Value” means, for each of the 40 consecutive Trading Days during  the Observation Period, one-fortieth (1/40th) of the product of (a) the Conversion Rate on such  Trading Day and (b) the Daily VWAP for such Trading Day.         “Daily Measurement Value” means the Specified Dollar Amount (if any), divided by  40.         “Daily Settlement Amount,” for each of the 40 consecutive Trading Days during the  Observation Period, shall consist of:               (a)   cash in an amount equal to the lesser of (i) the Daily Measurement Value  and (ii) the Daily Conversion Value on such Trading Day; and               (b)   if the Daily Conversion Value on such Trading Day exceeds the Daily  Measurement Value, a number of shares of Common Stock equal to (i) the difference between  the Daily Conversion Value and the Daily Measurement Value, divided by (ii) the Daily VWAP  for such Trading Day.                                          3    

 

         “Daily VWAP” means, for each of the 40 consecutive Trading Days during the relevant  Observation Period, the per share volume-weighted average price as displayed under the heading  “Bloomberg VWAP” on Bloomberg page “TCDA <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 Trading Day (or if such  volume-weighted average price is unavailable, the market value of one share of the Common  Stock on such Trading Day determined, using a volume-weighted average method, by a  nationally recognized independent investment banking firm retained for this purpose by the  Company). The “Daily VWAP” shall 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 after notice or passage of time, or both, would be,  an Event of Default.         “Defaulted Amounts” means any amounts on any Note (including, without limitation,  the Redemption Price, the Fundamental Change Repurchase Price, principal and interest) that are  payable but are not punctually paid or duly provided for.         “Depositary” means, with respect to each Global Note, the Person specified in Section  2.05(d) as the Depositary with respect to such Notes, until a successor shall have been appointed  and become such pursuant to the applicable provisions of this Indenture, and thereafter,  “Depositary” shall mean or include such successor.         “Distributed Property” shall have the meaning specified in Section 14.04(c).         “Effective Date” shall have the meaning specified in Section 14.03(d), except that, as  used in Section 14.04 and Section 14.05, “Effective Date” means the first date on which shares  of the Common Stock trade on the applicable exchange or in the applicable market, regular way,  reflecting the relevant share split or share combination, as applicable.         “Event of Default” shall have the meaning specified in Section 6.01.         “Ex-Dividend Date” means the first date on which shares of the Common Stock 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 Company or, if applicable, from the seller  of Common Stock on such exchange or market (in the form of due bills or otherwise) as  determined by such exchange or market.         “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules  and regulations promulgated thereunder.         “Form of Assignment and Transfer” means the “Form of Assignment and Transfer”  attached as Attachment 3 to the Form of Note.         “Form of Fundamental Change Repurchase Notice” means the “Form of  Fundamental Change Repurchase Notice” attached as Attachment 2 to the Form of Note.         “Form of Note” means the “Form of Note” attached hereto as Exhibit A.                                         4    

 

         “Form of Notice of Conversion” means the “Form of Notice of Conversion” attached  as Attachment 1 to the Form of Note.         “Fundamental Change” shall be deemed to have occurred at the time after the Notes are  originally issued if any of the following occurs:               (a)   a “person” or “group” within the meaning of Section 13(d) of the  Exchange Act, other than (x) the Company, (y) its Wholly Owned Subsidiaries, or (z) any  employee benefit plan of the Company or of its Wholly Owned Subsidiaries has become the  direct or indirect “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of the  Company’s Common Equity representing more than 50% of the voting power of all classes of  the Company’s Common Equity or of more than 50% of the outstanding shares of the Common  Stock; or               (b)   the consummation of (A) any recapitalization, reclassification or change of  the Common Stock (other than changes resulting from a subdivision or combination) as a result  of which the Common Stock would be converted into, or exchanged for, stock, other securities,  other property or assets; (B) any share exchange, consolidation or merger of the Company  pursuant to which the Common Stock will be converted into 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 Company and its Subsidiaries, taken as a  whole, to any Person other than one of the Company’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 Company’s Common Equity immediately prior to such transaction  own, directly or indirectly, more than 50% of all classes of Common Equity of the continuing or  surviving corporation or transferee or the parent thereof immediately after such transaction in  substantially the same proportions as such ownership immediately prior to such transaction shall  not be a Fundamental Change pursuant to this clause (b); or               (c)   the stockholders of the Company approve any plan or proposal for the  liquidation or dissolution of the Company; or               (d)   the Common Stock (or other common stock underlying the Notes) ceases  to be listed or quoted on any of The New York Stock Exchange, The Nasdaq Global Select  Market or The Nasdaq Global Market (or any of their respective successors);   provided, however, that a transaction or transactions described in clause (a) or clause (b) above  shall not constitute a Fundamental Change, if at least 90% of the consideration received or to be  received by holders of the Common Stock of the Company, excluding cash payments for  fractional shares, in connection with such transaction or transactions consists of shares of  common stock that are listed or quoted on any of The New York Stock Exchange, The Nasdaq  Global Select Market or The Nasdaq Global Market (or any of their respective successors) or  will be so listed or quoted when issued or exchanged in connection with such transaction or  transactions and as a result of such transaction or transactions the Notes become convertible into  such consideration, excluding cash payments for fractional shares (subject to the provisions of  Section 14.02(a)). If any transaction in which the Common Stock is replaced by the securities of  another entity occurs, following completion of any related Make-Whole Fundamental Change                                         5    

 

   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 (d) of this  definition, following the effective date of such transaction) references to the Company in this  definition shall instead be references to such other entity.         “Fundamental Change Company Notice” shall have the meaning specified in Section  15.02(d).         “Fundamental Change Repurchase Date” shall have the meaning specified in Section  15.02(b).         “Fundamental Change Repurchase Notice” shall have the meaning specified in Section  15.02(c)(i).         “Fundamental Change Repurchase Price” shall have the meaning specified in Section  15.02(b).         “Global Note” shall have the meaning specified in Section 2.05(c).         “Holder,” as applied to any Note, or other similar terms (but excluding the term  “beneficial holder”), means any Person in whose name at the time a particular Note is registered  on the Note Register.         “Indemnified Parties” shall have the meaning specified in Section 7.06.         “Indenture” means this instrument as originally executed or, if amended or  supplemented as herein provided, as so amended or supplemented.         “Initial Purchasers” means the initial purchasers set forth on Schedule I to the Purchase  Agreement.         “Interest Payment Date” means each May 15 and November 15 of each year, beginning  on November 15, 2020.         “Issue Date” means May 22, 2020.         “Last Date of Original Issuance” means (a) with respect to any Notes issued pursuant to  the Purchase Agreement, and any Notes issued in exchange therefor or in substitution thereof,  the later of (i) the Issue Date; and (ii) the last date any Notes are originally issued pursuant to the  exercise of the Initial Purchasers’ option to purchase additional Notes; and (b) with respect to  any additional Notes issued as described under Section 2.10 and any Notes issued in exchange  therefor or in substitution thereof, either (i) the later of (x) the date such Notes are originally  issued and (y) the last date any Notes are originally issued as part of the same offering pursuant  to the exercise of an option granted to the initial purchaser(s) of such Notes to purchase  additional Notes; or (ii) such other date as is specified in an Officer’s Certificate delivered to the  Trustee before the original issuance of such Notes.                                           6    

 

         “Last Reported Sale Price” of the Common Stock on any date means the closing sale  price per share (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. national or regional securities  exchange on which the Common Stock is traded. If the Common Stock is not listed for trading  on a U.S. national or regional securities exchange on the relevant date, the “Last Reported Sale  Price” shall be the last quoted bid price for the Common Stock in the over-the-counter market on  the relevant date as reported by OTC Markets Group Inc. or a similar organization. If the  Common Stock is not so quoted, the “Last Reported Sale Price” shall be the average of the  mid-point of the last bid and ask prices for the Common Stock on the relevant date from each of  at least three nationally recognized independent investment banking firms selected by the  Company for this purpose.         “Make-Whole Fundamental Change” means any transaction or event that constitutes a  Fundamental Change (as defined above and determined after giving effect to any exceptions to  or exclusions from such definition, but without regard to the proviso in clause (b) of the  definition thereof).         “Make-Whole Fundamental Change Period” shall have the meaning specified in  Section 14.03(b).         “Market Disruption Event” means, for the purposes of determining amounts due upon  conversion (a) a failure by the principal U.S. national or regional securities exchange or market  on which the Common Stock is listed or admitted for trading to open for trading during its  regular trading session or (b) the occurrence or existence prior to 1:00 p.m., New York City time,  on any Scheduled Trading Day for the Common Stock 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 stock exchange or  otherwise) in the Common Stock or in any options contracts or futures contracts relating to the  Common Stock.         “Maturity Date” means May 15, 2027.         “Measurement Period” shall have the meaning specified in Section 14.01(b)(i).         “Note” or “Notes” shall have the meaning specified in the first paragraph of the recitals  of this Indenture.         “Note Register” shall have the meaning specified in Section 2.05(b).         “Note Registrar” shall have the meaning specified in Section 2.05(b).         “Notice of Conversion” shall have the meaning specified in Section 14.02(b).         “Notice of Redemption” shall have the meaning specified in Section 16.02(b).         “Observation Period” with respect to any Note surrendered for conversion means: (i)  subject to clause (ii), if the relevant Conversion Date occurs prior to February 15, 2027, the 40                                         7    

 

   consecutive Trading Day period beginning on, and including, the second Trading Day  immediately succeeding such Conversion Date; (ii) if the relevant Conversion Date occurs on or  after the date of the Company’s issuance of a Notice of Redemption with respect to the Notes  pursuant to Section 16.02 and prior to the relevant Redemption Date, the 40 consecutive Trading  Days beginning on, and including, the 41st Scheduled Trading Day immediately preceding such  Redemption Date; and (iii) subject to clause (ii), if the relevant Conversion Date occurs on or  after February 15, 2027, the 40 consecutive Trading Days beginning on, and including, the 41st  Scheduled Trading Day immediately preceding the Maturity Date.         “Offering Memorandum” means the preliminary offering memorandum dated May 19,  2020, as supplemented by the related pricing term sheet dated May 19, 2020 relating to the  offering and sale of the Notes.         “Officer” means, for purposes of this document, with respect to the Company, the  President and Chief Executive Officer, the Chief Financial Officer, the General Counsel, and the  Chief Accounting Officer.         “Officers’ Certificate,” when used with respect to the Company, means a certificate that  is delivered to the Trustee and that is signed by (a) two Officers of the Company or (b) one  Officer of the Company and one of any Assistant Treasurer, any Assistant Secretary or the  Controller of the Company. Each such certificate shall include the statements provided for in  Section 17.05 if and to the extent required by the provisions of such Section. One of the Officers  giving an Officers’ Certificate pursuant to Section 4.08 shall be the principal executive, financial  or accounting officer of the Company.         “open of business” means 9:00 a.m. (New York City time).         “Opinion of Counsel” means an opinion in writing signed by legal counsel, who may be  an employee of or counsel to the Company, or other counsel reasonably acceptable to the  Trustee, which opinion may contain customary exceptions, assumptions and qualifications as to  the matters set forth therein, that is delivered to the Trustee. Each such opinion shall include the  statements provided for in Section 17.05 if and to the extent required by the provisions of such  Section 17.05.         “Optional Redemption” shall have the meaning specified in Section 16.01.         “outstanding,” when used with reference to Notes, shall, subject to the provisions of  Section 8.04, mean, as of any particular time, all Notes authenticated and delivered by the  Trustee under this Indenture, except:               (a)   Notes theretofore canceled by the Trustee or accepted by the Trustee for  cancellation;               (b)   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 Company) or shall have been set aside and  segregated in trust by the Company (if the Company shall act as its own Paying Agent);                                         8    

 

               (c)   Notes that have been paid pursuant to Section 2.06 or Notes in lieu of  which, or in substitution for which, other Notes shall have been authenticated and delivered  pursuant to the terms of Section 2.06 unless proof satisfactory to the Trustee is presented that any  such Notes are held by protected purchasers in due course;               (d)   Notes converted pursuant to Article 14 and required to be cancelled  pursuant to Section 2.08;               (e)   Notes redeemed pursuant to Article 16; and               (f)   Notes repurchased by the Company pursuant to the penultimate sentence  of Section 2.10.         “Paying Agent” shall have the meaning specified in Section 4.02.         “Person” means an individual, a corporation, a limited liability company, an association,  a partnership, a joint venture, a joint stock company, a trust, an unincorporated organization or a  government or an agency or a political subdivision thereof.         “Physical Notes” means permanent certificated Notes in registered form issued in  denominations of $1,000 principal amount and integral multiples thereof.         “Physical Settlement” shall have the meaning specified in Section 14.02(a).         “Predecessor Note” of any particular Note means every previous Note evidencing all or  a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this  definition, any Note authenticated and delivered under Section 2.06 in lieu of or in exchange for  a mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as the  mutilated, lost, destroyed or stolen Note that it replaces.         “Purchase Agreement” means that certain Purchase Agreement, dated as of May 19,  2020, among the Company and Goldman Sachs & Co. LLC, as representative of the Initial  Purchasers.         “Record Date” means, with respect to any dividend, distribution or other transaction or  event in which the holders of Common Stock (or other applicable security) have the right to  receive any cash, securities or other property or in which the Common Stock (or such other  security) is exchanged for or converted into any combination of cash, securities or other  property, the date fixed for determination of holders of the Common Stock (or such other  security) entitled to receive such cash, securities or other property (whether such date is fixed by  the Board of Directors, by statute, by contract or otherwise).         “Redemption Date” shall have the meaning specified in Section 16.02(b).         “Redemption Price” means, for any Notes to be redeemed pursuant to Section 16.01,  100% of the principal amount of such Notes, plus accrued and unpaid interest, if any, to, but  excluding, the Redemption Date (unless the Redemption Date falls after a Regular Record Date  but on or prior to the immediately succeeding Interest Payment Date, in which case interest                                         9    

 

   accrued to the Interest Payment Date will be paid to Holders of record of such Notes as of the  close of business on such Regular Record Date, and the Redemption Price will be equal to 100%  of the principal amount of such Notes).         “Reference Property” shall have the meaning specified in Section 14.07(a).         “Regular Record Date,” with respect to any Interest Payment Date, means the May 1 or  November 1 (whether or not such day is a Business Day) immediately preceding the applicable  May 15 or November 15 Interest Payment Date, respectively.         “Resale Restriction Termination Date” shall have the meaning specified in Section  2.05(d).         “Responsible Officer” means, when used with respect to the Trustee, any officer within  the Corporate Trust Office 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, in each case, who shall  have direct responsibility for the administration of this Indenture.         “Restricted Securities” shall have the meaning specified in Section 2.05(d).         “Rule 144” means Rule 144 as promulgated under the Securities Act.         “Rule 144A” means Rule 144A as promulgated under the Securities Act.         “Scheduled Trading Day” means a day that is scheduled to be a Trading Day on the  principal U.S. national or regional securities exchange or market on which the Common Stock is  listed or admitted for trading. If the Common Stock is not so listed or admitted for trading,  “Scheduled Trading Day” means a Business Day.         “Securities Act” means the Securities Act of 1933, as amended, and the rules and  regulations promulgated thereunder.         “Settlement Amount” shall have the meaning specified in Section 14.02(a)(iv).         “Settlement Method” means, with respect to any conversion of Notes, Physical  Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been  elected) by the Company.         “Settlement Notice” shall have the meaning specified in Section 14.02(a)(iii).         “Share Exchange Event” shall have the meaning specified in Section 14.07(a).         “Significant Subsidiary” means a Subsidiary of the Company that meets the definition  of “significant subsidiary” in Article 1, Rule 1-02 of Regulation S-X under the Exchange Act.                                          10    

 

         “Specified Dollar Amount” means the maximum cash amount per $1,000 principal  amount of Notes to be received upon conversion as specified in the Settlement Notice related to  any converted Notes.         “Spin-Off” shall have the meaning specified in Section 14.04(c).         “Stock Price” shall have the meaning specified in Section 14.03(d).         “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 Capital Stock or other interests (including partnership interests) entitled (without regard to the  occurrence of any contingency) to vote in the election of directors, managers, general partners or  trustees thereof is at the time owned or controlled, directly or indirectly, by (i) such Person; (ii)  such Person and one or more Subsidiaries of such Person; or (iii) one or more Subsidiaries of  such Person.         “Successor Company” shall have the meaning specified in Section 11.01(a).         “Trading Day” means a day on which (i) trading in the Common Stock (or other security  for which a closing sale price must be determined) generally occurs on The Nasdaq Global  Select Market or, if the Common Stock (or such other security) is not then listed on The Nasdaq  Global Select Market, on the principal other U.S. national or regional securities exchange on  which the Common Stock (or such other security) is then listed or, if the Common Stock (or such  other security) is not then listed on a U.S. national or regional securities exchange, on the  principal other market on which the Common Stock (or such other security) is then traded and  (ii) a Last Reported Sale Price for the Common Stock (or closing sale price for such other  security) is available on such securities exchange or market; provided that if the Common Stock  (or such other security) is not so listed or traded, “Trading Day” means a Business Day; and  provided further that, for purposes of determining amounts due upon conversion only, “Trading  Day” means a day on which (x) there is no Market Disruption Event and (y) trading in the  Common Stock generally occurs on The Nasdaq Global Select Market or, if the Common Stock  is not then listed on The Nasdaq Global Select Market, on the principal other U.S. national or  regional securities exchange on which the Common Stock is then listed or, if the Common Stock  is not then listed on a U.S. national or regional securities exchange, on the principal other market  on which the Common Stock is then listed or admitted for trading, except that if the Common  Stock is not so listed or admitted for trading, “Trading Day” means a 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 the Company selects for this  purpose (and provides the Bid Solicitation Agent the names and contact information for such  dealers); provided that if three such bids cannot 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 on any determination                                         11    

 

   date, then the Trading Price per $1,000 principal amount of Notes on such determination date  shall be deemed to be less than 98% of the product of the Last Reported Sale Price of the  Common Stock and the Conversion Rate.         “transfer” shall have the meaning specified in Section 2.05(d).         “Trigger Event” shall have the meaning specified in Section 14.04(c).         “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as it was in  force at the date of execution of this Indenture; provided, however, that in the event the Trust  Indenture Act of 1939 is amended after the date hereof, the term “Trust Indenture Act” shall  mean, to the extent required by such amendment, the Trust Indenture Act of 1939, as so  amended.         “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 or include each Person who is then a  Trustee hereunder.         “unit of Reference Property” shall have the meaning specified in Section 14.07(a).         “Valuation Period” shall have the meaning specified in Section 14.04(c).         “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%”.         1.02  References to Interest. Unless the context otherwise requires, any reference to  interest on, or in respect of, any Note in this Indenture shall be deemed to include Additional  Interest if, in such context, Additional Interest is, was or would be payable pursuant to any of  Section 4.06(e), Section 4.06(f) and Section 6.03. Unless the context otherwise requires, any  express mention of Additional Interest in any provision hereof shall not be construed as  excluding Additional Interest in those provisions hereof where such express mention is not made.                                    ARTICLE 2                                           ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF NOTES         2.01  Designation and Amount. The Notes shall be designated as the “3.50%  Convertible Senior Notes due 2027.” The aggregate principal amount of Notes that may be  authenticated and delivered under this Indenture is initially limited to $200,000,000, subject to  Section 2.10 and except for Notes authenticated and delivered upon registration or transfer of, or  in exchange for, or in lieu of other Notes to the extent expressly permitted hereunder.         2.02  Form of Notes. The Notes and the Trustee’s certificate of authentication to be  borne by such Notes shall be substantially in the respective forms set forth in Exhibit A, the  terms and provisions of which shall constitute, and are hereby expressly incorporated in and  made a part of this Indenture. To the extent applicable, the Company and the Trustee, by their                                         12    

 

   execution and delivery of this Indenture, expressly agree to such terms and provisions and to be  bound thereby.         Any Global Note may be endorsed with or have incorporated in the text thereof such  legends or recitals or changes not inconsistent with the provisions of this Indenture as may be  required by the Custodian or the Depositary, or as may be required to comply with any  applicable law or any regulation thereunder or with the rules and regulations of any securities  exchange or automated quotation system upon which the Notes may be listed or traded or  designated for issuance or to conform with any usage with respect thereto, or to indicate any  special limitations or restrictions to which any particular Notes are subject.         Any of the Notes may have such letters, numbers or other marks of identification and  such notations, legends or endorsements as the Officer executing the same may approve  (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with  the provisions of this Indenture, or as may be required to comply with any law or with any rule  or regulation made pursuant thereto or with any rule or regulation of any securities exchange or  automated quotation system on which the Notes may be listed or designated for issuance, or to  conform to usage or to indicate any special limitations or restrictions to which any particular  Notes are subject.         Each Global Note shall represent such principal amount of the outstanding Notes as shall  be specified therein and shall provide that it shall represent the aggregate principal amount of  outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of  outstanding Notes represented thereby may from time to time be increased or reduced to reflect  redemptions, repurchases, cancellations, conversions, transfers or exchanges permitted hereby.  Any endorsement of a Global Note to reflect the amount of any increase or decrease in the  amount of outstanding Notes represented thereby shall be made by the Trustee or the Custodian,  at the direction of the Trustee, in such manner and upon instructions given by the Holder of such  Notes in accordance with this Indenture. Payment of principal (including the Redemption Price  and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest  on, a Global Note shall be made to the Holder of such Note on the date of payment, unless a  record date or other means of determining Holders eligible to receive payment is provided for  herein.         2.03  Date and Denomination of Notes; Payments of Interest and Defaulted  Amounts. (a) The Notes shall be issuable in registered form without coupons in denominations  of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of  its authentication and shall bear interest from the date specified on the face of such Note.  Accrued interest on the Notes shall 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.               (b)   The Person in whose name any Note (or its Predecessor Note) is registered  on the Note Register at the close of business on any Regular Record Date with respect to any  Interest Payment Date shall be entitled to receive the interest payable on such Interest Payment  Date. The principal amount of any Note (x) in the case of any Physical Note, shall be payable at  the office or agency of the Company maintained by the Company for such purposes in the                                         13    

 

   Borough of Manhattan, The City of New York, which shall initially be the Corporate Trust  Office and (y) in the case of any Global Note, shall be payable by wire transfer of immediately  available funds to the account of the Depositary or its nominee. The Company shall pay interest  (i) on any Physical Notes (A) to Holders holding Physical Notes having an aggregate principal  amount of $10,000,000 or less, by check mailed to the Holders of these Notes at their address as  it appears in the Note Register and (B) to Holders holding Physical Notes having an aggregate  principal amount of more than $10,000,000, either by check mailed to each Holder or, upon  application by such a Holder to the Note Registrar not later than the relevant Regular Record  Date, by wire transfer in immediately available funds to that Holder’s account within the United  States, if such Holder has provided the Company, the Trustee or the Paying Agent (if other than  the Trustee) with the requisite information necessary to make such wire transfer, which  application shall remain in effect until the Holder notifies, in writing, the Note Registrar to the  contrary or (ii) on any Global Note by wire transfer of immediately available funds to the  account of the Depositary or its nominee.               (c)   Any Defaulted Amounts shall forthwith cease to be payable to the Holder  on the relevant payment date but shall accrue interest per annum at the rate borne by the Notes,  subject to the enforceability thereof under applicable law, from, and including, such relevant  payment date, and such Defaulted Amounts together with such interest thereon shall be paid by  the Company, at its election in each case, as provided in clause (i) or (ii) below:                     (i)   The Company may elect to make payment of any Defaulted  Amounts to the Persons in whose names the Notes (or their respective Predecessor Notes) are  registered at the close of business on a special record date for the payment of such Defaulted  Amounts, which shall be fixed in the following manner. The Company shall notify the Trustee in  writing of the amount of the Defaulted Amounts proposed to be paid on each Note and the date  of the proposed payment (which shall be not less than 25 days after the receipt by the Trustee of  such notice, unless the Trustee shall consent to an earlier date), and at the same time the  Company shall deposit with the Trustee an amount of money equal to the aggregate amount to be  paid in respect of such Defaulted Amounts or shall make arrangements satisfactory to the Trustee  for such deposit on or prior to the date of the proposed payment, such money when deposited to  be held in trust for the benefit of the Persons entitled to such Defaulted Amounts as in this clause  provided. Thereupon the Company shall fix a special record date for the payment of such  Defaulted Amounts which shall be not more than 15 days and not less than 10 days prior to the  date of the proposed payment, and not less than 10 days after the receipt by the Trustee of the  notice of the proposed payment. The Company shall promptly notify the Trustee of such special  record date at least five (5) Business Days before such notice is to be sent to the Holders, and the  Trustee, in the name and at the expense of the Company, shall cause notice of the proposed  payment of such Defaulted Amounts and the special record date therefor to be delivered to each  Holder not less than 10 days prior to such special record date. Notice of the proposed payment of  such Defaulted Amounts and the special record date therefor having been so delivered, such  Defaulted Amounts shall be paid to the Persons in whose names the Notes (or their respective  Predecessor Notes) are registered at the close of business on such special record date and shall no  longer be payable pursuant to the following clause (ii) of this Section 2.03(c).                     (ii)  The Company may make payment of any Defaulted Amounts in  any other lawful manner not inconsistent with the requirements of any securities exchange or                                         14    

 

   automated quotation system on which the Notes may be listed or designated for issuance, and  upon such notice as may be required by such exchange or automated quotation system, if, after  notice given by the Company to the Trustee of the proposed payment pursuant to this clause,  such manner of payment shall be deemed practicable by the Trustee.         2.04  Execution, Authentication and Delivery of Notes. The Notes shall be signed in  the name and on behalf of the Company by the manual or facsimile signature by one of its  President and Chief Executive Officer, Chief Financial Officer, General Counsel or Chief  Accounting Officer.         At any time and from time to time after the execution and delivery of this Indenture, the  Company may deliver Notes executed by the Company to the Trustee for authentication, together  with a Company Order for the authentication and delivery of such Notes, and the Trustee in  accordance with such Company Order shall authenticate and deliver such Notes, without any  further action by the Company hereunder.         Only such Notes as shall bear thereon a certificate of authentication substantially in the  form set forth on the Form of Note attached as Exhibit A hereto, executed manually by an  authorized officer of the Trustee (or an authenticating agent appointed by the Trustee as provided  by Section 17.10), shall be entitled to the benefits of this Indenture or be valid or obligatory for  any purpose. Such certificate by the Trustee (or such an authenticating agent) upon any Note  executed by the Company shall be conclusive evidence that the Note so authenticated has been  duly authenticated and delivered hereunder and that the Holder is entitled to the benefits of this  Indenture.         In case any Officer of the Company who shall have signed any of the Notes shall cease to  be such Officer before the Notes so signed shall have been authenticated and delivered by the  Trustee, or disposed of by the Company, such Notes nevertheless may be authenticated and  delivered or disposed of as though the person who signed such Notes had not ceased to be such  Officer of the Company; and any Note may be signed on behalf of the Company by such persons  as, at the actual date of the execution of such Note, shall be the Officers of the Company,  although at the date of the execution of this Indenture any such person was not such an Officer.         2.05  Exchange and Registration of Transfer of Notes; Restrictions on Transfer;  Depositary. (a) The Company shall cause to be kept at the Corporate Trust Office a register (the  register maintained in such office or in any other office or agency of the Company designated  pursuant to Section 4.02, the “Note Register”) in which, subject to such reasonable regulations  as it may prescribe, the Company shall provide for the registration of Notes and of transfers of  Notes. Such register shall be in written form or in any form capable of being converted into  written form within a reasonable period of time. The Trustee is hereby initially appointed the  “Note Registrar” for the purpose of registering Notes and transfers of Notes as herein provided.  The Company may appoint one or more co-Note Registrars in accordance with Section 4.02.         Upon surrender for registration of transfer of any Note to the Note Registrar or any co- Note Registrar, and satisfaction of the requirements for such transfer set forth in this Section  2.05, the Company 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                                         15    

 

   and of a like aggregate principal amount and bearing such restrictive legends as may be required  by this Indenture.         Subject to Section 2.05(d), Notes may be exchanged for other Notes of any authorized  denominations and of a like aggregate principal amount, upon surrender of the Notes to be  exchanged at any such office or agency maintained by the Company pursuant to Section 4.02.         Whenever any Notes are so surrendered for exchange, the Company shall execute, and  the Trustee shall authenticate and deliver, the Notes that the Holder making the exchange is  entitled to receive, bearing registration numbers not contemporaneously outstanding.         All Notes presented or surrendered for registration of transfer or for exchange, repurchase  or conversion shall (if so required by the Company, the Trustee, the Note Registrar or any co- Note Registrar) be duly endorsed, or be accompanied by a written instrument or instruments of  transfer in form satisfactory to the Note Registrar and duly executed, by the Holder thereof or its  attorney-in-fact duly authorized in writing.         No service charge shall be imposed by the Company, the Trustee, the Note Registrar, any  co-Note Registrar or the Paying Agent for any exchange or registration of transfer of Notes, but  the Company may require a Holder to pay a sum sufficient to cover any documentary, stamp or  similar issue or transfer tax required in connection therewith as a result of the name of the Holder  of new Notes issued upon such exchange or registration of transfer being different from the name  of the Holder of the old Notes surrendered for exchange or registration of transfer.         None of the Company, the Trustee, the Note Registrar or any co-Note Registrar shall be  required to exchange or register a transfer of (i) any Notes surrendered for conversion or, if a  portion of any Note is surrendered for conversion, such portion thereof surrendered for  conversion, (ii) any Notes, or a portion of any Note, surrendered for repurchase (and not  withdrawn) in accordance with Article 15 or (iii) any Notes selected for redemption in  accordance with Article 16, except the unredeemed portion of any Note being redeemed in part.         All Notes issued upon any registration of transfer or exchange of Notes in accordance  with this Indenture shall be the valid obligations of the Company, evidencing the same debt, and  entitled to the same benefits under this Indenture as the Notes surrendered upon such registration  of transfer or exchange.               (b)   So long as the Notes are eligible for book-entry settlement with the  Depositary, unless otherwise required by law, subject to the fourth paragraph from the end of  Section 2.05(d) all Notes shall be represented by one or more Notes in global form (each, a  “Global Note”) registered in the name of the Depositary or the nominee of the Depositary. The  transfer and exchange of beneficial interests in a Global Note that does not involve the issuance  of a Physical Note shall be effected through the Depositary (but not the Trustee or the Custodian)  in accordance with this Indenture (including the restrictions on transfer set forth herein) and the  procedures of the Depositary therefor.               (c)   Every Note that bears or is required under this Section 2.05(d) to bear the  legend set forth in this Section 2.05(d) (together with any Common Stock issued upon  conversion of the Notes that is required to bear the legend set forth in Section 2.05(e),                                         16    

 

   collectively, the “Restricted Securities”) shall be subject to the restrictions on transfer set forth  in this Section 2.05(d) (including the legend set forth below), unless such restrictions on transfer  shall be eliminated or otherwise waived by written consent of the Company, and the Holder of  each such Restricted Security, by such Holder’s acceptance thereof, agrees to be bound by all  such restrictions on transfer. As used in this Section 2.05(d) and Section 2.05(e), the term  “transfer” encompasses any sale, pledge, transfer or other disposition whatsoever of any  Restricted Security.         Until the date (the “Resale Restriction Termination Date”) that is the later of (1) the  date that is one year after the Last Date of Original Issuance of the Notes, or such shorter period  of time as permitted by Rule 144 or any successor provision thereto, and (2) such later date, if  any, as may be required by applicable law, any certificate evidencing such Note (and all  securities issued in exchange therefor or substitution thereof, other than Common Stock, if any,  issued upon conversion thereof, which shall bear the legend set forth in Section 2.05(e), if  applicable) shall bear a legend in substantially the following form (unless such Notes have been  transferred pursuant to a registration statement that has become or been declared effective under  the Securities Act and that continues to be effective at the time of such transfer, or sold pursuant  to the exemption from registration provided by Rule 144 or any similar provision then in force  under the Securities Act, or unless otherwise agreed by the Company in writing, with notice  thereof to the Trustee):         THIS SECURITY AND THE COMMON STOCK, IF ANY, ISSUABLE UPON  CONVERSION 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 TRICIDA, INC. (THE  “COMPANY”) 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 THE COMPANY OR ANY SUBSIDIARY  THEREOF, OR                           (B)   PURSUANT TO A REGISTRATION STATEMENT  WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR                                         17    

 

                           (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.         PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH  CLAUSE (2)(D) ABOVE, THE COMPANY RESERVES 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.         No transfer of any Note prior to the Resale Restriction Termination Date will be  registered by the Note Registrar unless the applicable box on the Form of Assignment and  Transfer has been checked.         Any Note (or security issued in exchange or substitution therefor) (i) as to which such  restrictions on transfer shall have expired in accordance with their terms, (ii) that has been  transferred pursuant to a registration statement that has become effective or been declared  effective under the Securities Act and that continues to be effective at the time of such transfer or  (iii) that has been sold pursuant to the exemption from registration provided by Rule 144 or any  similar provision then in force under the Securities Act, may, upon surrender of such Note for  exchange to the Note Registrar in accordance with the provisions of this Section 2.05, be  exchanged for a new Note or Notes, of like tenor and aggregate principal amount, which shall  not bear the restrictive legend required by this Section 2.05(d) and shall not be assigned a  restricted CUSIP number. The Company shall be entitled to instruct the Custodian in writing to  so surrender any Global Note as to which any of the conditions set forth in clause (i) through (iii)  of the immediately preceding sentence have been satisfied, and, upon such instruction, the  Custodian shall so surrender such Global Note for exchange in accordance with the applicable  procedures of the Depositary; and any new Global Note so exchanged therefor shall not bear the  restrictive legend specified in this Section 2.05(d) and shall not be assigned a restricted CUSIP  number. The Company shall promptly notify the Trustee in writing upon the occurrence of the  Resale Restriction Termination Date and promptly after a registration statement, if any, with  respect to the Notes or any Common Stock issued upon conversion of the Notes has been  declared effective under the Securities Act.         Notwithstanding any other provisions of this Indenture (other than the provisions set forth  in this Section 2.05(d)), a Global Note may not be transferred as a whole or in part except (i) by  the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the  Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a  successor Depositary or a nominee of such successor Depositary and (ii) for exchange of a                                          18    

 

   Global Note or a portion thereof for one or more Physical Notes in accordance with the second  immediately succeeding paragraph.         The Depositary shall be a clearing agency registered under the Exchange Act. The  Company initially appoints The Depository Trust Company to act as Depositary with respect to  each Global Note. Initially, each Global Note shall be issued to the Depositary, registered in the  name of Cede & Co., as the nominee of the Depositary, and deposited with the Trustee as  custodian for Cede & Co.         If (i) the Depositary notifies the Company at any time that the Depositary is unwilling or  unable to continue as depositary for the Global Notes and a successor depositary is not appointed  within 90 days, (ii) the Depositary ceases to be registered as a clearing agency under the  Exchange Act and a successor depositary is not appointed within 90 days or (iii) an Event of  Default with respect to the Notes has occurred and is continuing and a beneficial owner of any  Note requests that its beneficial interest therein be issued as a Physical Note, the Company shall  execute, and the Trustee, upon receipt of an Officers’ Certificate and a Company Order for the  authentication and delivery of Notes, shall authenticate and deliver (x) in the case of clause (iii),  a Physical Note to such beneficial owner in a principal amount equal to the principal amount of  such Note corresponding to such beneficial owner’s beneficial interest and (y) in the case of  clause (i) or (ii), Physical Notes to each beneficial owner of the related Global Notes (or a  portion thereof) in an aggregate principal amount equal to the aggregate principal amount of such  Global Notes in exchange for such Global Notes, and upon delivery of the Global Notes to the  Trustee such Global Notes shall be canceled.         Physical Notes issued in exchange for all or a part of the Global Note pursuant to this  Section 2.05(d) shall be registered in such names and in such authorized denominations as the  Depositary, pursuant to instructions from its direct or indirect participants or otherwise, or, in the  case of clause (iii) of the immediately preceding paragraph, the relevant beneficial owner, shall  instruct the Trustee. Upon execution and authentication, the Trustee shall deliver such Physical  Notes to the Persons in whose names such Physical Notes are so registered.         At such time as all interests in a Global Note have been converted, canceled, repurchased,  redeemed or transferred, such Global Note shall be, upon receipt thereof, canceled by the Trustee  in accordance with standing procedures and existing instructions between the Depositary and the  Custodian. At any time prior to such cancellation, if any interest in a Global Note is exchanged  for Physical Notes, converted, canceled, repurchased, redeemed or transferred to a transferee  who receives Physical Notes therefor or any Physical Note is exchanged or transferred for part of  such Global Note, the principal amount of such Global Note shall, in accordance with the  standing procedures and instructions existing between the Depositary and the Custodian, be  appropriately reduced or increased, as the case may be, and an endorsement shall be made on  such Global Note, by the Trustee or the Custodian, at the direction of the Trustee, to reflect such  reduction or increase.         None of the Company, the Trustee, the Paying Agent, the Conversion Agent or any agent  of the Company or the Trustee shall have any responsibility or liability for any aspect of the  records relating to or payments made on account of beneficial ownership interests of a Global                                          19    

 

   Note or maintaining, supervising or reviewing any records relating to such beneficial ownership  interests.               (d)   Until the Resale Restriction Termination Date, any stock certificate  representing Common Stock issued upon conversion of a Note shall bear a legend in  substantially the following form (unless such Common Stock has been transferred pursuant to a  registration statement that has become or been declared effective under the Securities Act and  that continues to be effective at the time of such transfer, or pursuant to the exemption from  registration provided by Rule 144 or any similar provision then in force under the Securities Act,  or such Common Stock has been issued upon conversion of a Note that has transferred pursuant  to a registration statement that has become or been declared effective under the Securities Act  and that continues to be effective at the time of such transfer, or pursuant to the exemption from  registration provided by Rule 144 or any similar provision then in force under the Securities Act,  or unless otherwise agreed by the Company with written notice thereof to any transfer agent for  the Common Stock):         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 TRICIDA, INC. (THE  “COMPANY”) 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 OF THE SERIES OF NOTES UPON THE CONVERSION OF WHICH THIS  SECURITY WAS ISSUED 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 THE COMPANY OR ANY SUBSIDIARY  THEREOF, 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                                         20    

 

   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 COMPANY AND THE TRANSFER AGENT FOR THE  COMPANY’S COMMON STOCK 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.         Any such Common Stock (i) as to which such restrictions on transfer shall have expired  in accordance with their terms, (ii) that has been transferred pursuant to a registration statement  that has become or been declared effective under the Securities Act and that continues to be  effective at the time of such transfer or (iii) that has been sold pursuant to the exemption from  registration provided by Rule 144 or any similar provision then in force under the Securities Act,  may, upon surrender of the certificates representing such shares of Common Stock for exchange  in accordance with the procedures of the transfer agent for the Common Stock, be exchanged for  a new certificate or certificates for a like aggregate number of shares of Common Stock, which  shall not bear the restrictive legend required by this Section 2.05(e).               (e)   Any Note or Common Stock issued upon the conversion or exchange of a  Note that is repurchased or owned by any Affiliate of the Company (or any Person who was an  Affiliate of the Company at any time during the three months immediately preceding) may not  be resold by such Affiliate (or such Person, as the case may be) 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 or Common Stock, as the case may be, no  longer being a “restricted security” (as defined under Rule 144). The Company shall cause any  Note that is repurchased or owned by it to be surrendered to the Trustee for cancellation in  accordance with Section 2.08.               (f)   Notwithstanding anything contained herein to the contrary, neither the  Trustee nor the Note Registrar shall be responsible for ascertaining whether any transfer  complies with the registration provisions of or exemptions from the Securities Act, applicable  state securities laws or other applicable federal or state laws.         2.06  Mutilated, Destroyed, Lost or Stolen Notes. In case any Note shall become  mutilated or be destroyed, lost or stolen, the Company in its discretion may execute, and upon  receipt of a Company Order the Trustee or an authenticating agent appointed by the Trustee shall  authenticate and deliver, a new Note, bearing a registration number not contemporaneously  outstanding, in exchange and substitution for the mutilated Note, or in lieu of and in substitution  for the Note so destroyed, lost or stolen. In every case the applicant for a substituted Note shall  furnish to the Company, to the Trustee and, if applicable, to such authenticating agent such  security or indemnity as may be required by them to save each of them harmless from any loss,  liability, cost or expense caused by or connected with such substitution, and, in every case of                                         21    

 

   destruction, loss or theft, the applicant shall also furnish to the Company, to the Trustee and, if  applicable, to such authenticating agent evidence to their satisfaction of the destruction, loss or  theft of such Note and of the ownership thereof.         The Trustee or such authenticating agent may authenticate any such substituted Note and  deliver the same upon the receipt of a Company Order and such security or indemnity as the  Trustee, the Company and, if applicable, such authenticating agent may require. No service  charge shall be imposed by the Company, the Trustee, the Note Registrar, any co-Note Registrar  or the Paying Agent upon the issuance of any substitute Note, but the Company may require a  Holder to pay a sum sufficient to cover any documentary, stamp or similar issue or transfer tax  required in connection therewith as a result of the name of the Holder of the new substitute Note  being different from the name of the Holder of the old Note that became mutilated or was  destroyed, lost or stolen. In case any Note that has matured or is about to mature or has been  surrendered for required repurchase or is about to be converted in accordance with Article 14  shall become mutilated or be destroyed, lost or stolen, the Company may, in its sole discretion,  instead of issuing a substitute Note, pay or authorize the payment of or convert or authorize the  conversion of the same (without surrender thereof except in the case of a mutilated Note), as the  case may be, if the applicant for such payment or conversion shall furnish to the Company, to the  Trustee and, if applicable, to such authenticating agent such security or indemnity as may be  required by them to save each of them harmless for any loss, liability, cost or expense caused by  or connected with such substitution, and, in every case of destruction, loss or theft, evidence  satisfactory to the Company, the Trustee and, if applicable, any Paying Agent or Conversion  Agent evidence of their satisfaction of the destruction, loss or theft of such Note and of the  ownership thereof.         Every substitute Note issued pursuant to the provisions of this Section 2.06 by virtue of  the fact that any Note is destroyed, lost or stolen shall constitute an additional contractual  obligation of the Company, whether or not the destroyed, lost or stolen Note shall be found at  any time, and shall be entitled to all the benefits of (but shall be subject to all the limitations set  forth in) this Indenture equally and proportionately with any and all other Notes duly issued  hereunder. To the extent permitted by law, all Notes shall be held and owned upon the express  condition that the foregoing provisions are exclusive with respect to the replacement, payment,  redemption, conversion or repurchase of mutilated, destroyed, lost or stolen Notes and shall  preclude any and all other rights or remedies notwithstanding any law or statute existing or  hereafter enacted to the contrary with respect to the replacement, payment, redemption,  conversion or repurchase of negotiable instruments or other securities without their surrender.         2.07  Temporary Notes. Pending the preparation of Physical Notes, the Company may  execute and the Trustee or an authenticating agent appointed by the Trustee shall, upon written  request of the Company, authenticate and deliver temporary Notes (printed or lithographed).  Temporary Notes shall be issuable in any authorized denomination, and substantially in the form  of the Physical Notes but with such omissions, insertions and variations as may be appropriate  for temporary Notes, all as may be determined by the Company. Every such temporary Note  shall be executed by the Company and authenticated by the Trustee or such authenticating agent  upon the same conditions and in substantially the same manner, and with the same effect, as the  Physical Notes. Without unreasonable delay, the Company shall execute and deliver to the  Trustee or such authenticating agent Physical Notes (other than any Global Note) and thereupon                                         22    

 

   any or all temporary Notes (other than any Global Note) may be surrendered in exchange  therefor, at each office or agency maintained by the Company pursuant to Section 4.02 and the  Trustee or such authenticating agent upon receipt of a Company Order shall authenticate and  deliver in exchange for such temporary Notes an equal aggregate principal amount of Physical  Notes. Such exchange shall be made by the Company at its own expense and without any charge  therefor. Until so exchanged, the temporary Notes shall in all respects be entitled to the same  benefits and subject to the same limitations under this Indenture as Physical Notes authenticated  and delivered hereunder.         2.08  Cancellation of Notes Paid, Converted, Etc. The Company shall cause all Notes  surrendered for the purpose of payment, repurchase, redemption, registration of transfer or  exchange or conversion, if surrendered to any Person other than the Trustee (including any of the  Company’s agents, Subsidiaries or Affiliates), to be surrendered to the Trustee for cancellation.  All Notes delivered to the Trustee shall be canceled promptly by it. Except for any Notes  surrendered for registration of transfer or exchange, or as otherwise expressly permitted by any  of the provisions of this Indenture, no Notes shall be authenticated in exchange for any Notes  surrendered to the Trustee for cancellation. The Trustee shall dispose of canceled Notes in  accordance with its customary procedures and, after such disposition, shall deliver a certificate of  such disposition to the Company, at the Company’s written request in a Company Order.         2.09  CUSIP Numbers. The Company in issuing the Notes may use “CUSIP” numbers  (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in all notices issued  to Holders as a convenience to such Holders; provided 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 on  such notice and that reliance may be placed only on the other identification numbers printed on  the Notes. The Company shall promptly notify the Trustee in writing of any change in the  “CUSIP” numbers.         2.10  Additional Notes; Repurchases. The Company may, without the consent of the  Holders and notwithstanding Section 2.01, reopen this Indenture and issue additional Notes  hereunder with the same terms as the Notes initially issued hereunder (other than differences in  the issue date, the issue price, interest accrued prior to the issue date of such additional Notes and  restrictions on transfer imposed by federal securities laws) in an unlimited aggregate principal  amount; provided that if any such additional Notes are not fungible with the Notes initially  issued hereunder for U.S. federal income tax or federal securities law purposes, such additional  Notes shall have one or more separate CUSIP numbers. Prior to the issuance of any such  additional Notes, the Company shall deliver to the Trustee a Company Order, an Officers’  Certificate and an Opinion of Counsel, such Officers’ Certificate and Opinion of Counsel to  cover such matters, in addition to those required by Section 17.05, as the Trustee shall  reasonably request. In addition, the Company may, to the extent permitted by law, and directly or  indirectly (regardless of whether such Notes are surrendered to the Company), repurchase Notes  in the open market or otherwise, whether by the Company or its Subsidiaries or through a private  or public tender or exchange offer or through counterparties to private agreements, including by  cash-settled swaps or other derivatives. The Company shall cause any Notes so repurchased  (other than Notes repurchased pursuant to cash-settled swaps or other derivatives) to be  surrendered to the Trustee for cancellation in accordance with Section 2.08, and upon receipt of a                                         23    

 

   Company Order, the Trustee and no one else shall cancel all Notes so surrendered and such  Notes shall no longer be considered outstanding under this Indenture upon their repurchase.                                    ARTICLE 3                                                                 SATISFACTION AND DISCHARGE         3.01  Satisfaction and Discharge. This Indenture shall upon request of the Company  contained in an Officers’ Certificate cease to be of further effect, and the Trustee, at the expense  of the Company, shall execute proper instruments acknowledging satisfaction and discharge of  this Indenture, when (a) (i) all Notes theretofore authenticated and delivered (other than Notes  which have been destroyed, lost or stolen and which have been replaced, paid or converted as  provided in Section 2.06) have been delivered to the Trustee for cancellation; or (ii) the  Company has (x) deposited with the Trustee or delivered to Holders, as applicable, after the  Notes have become due and payable, whether on the Maturity Date, any Redemption Date, any  Fundamental Change Repurchase Date, or otherwise (except in the case of conversions), cash or  (y) deposited with the Trustee cash, and/or delivered to Holders cash, shares of Common Stock  or a combination thereof, as applicable, solely to satisfy the Company’s Conversion Obligation,  in each case, sufficient to pay all of the outstanding Notes and all other sums due and payable  under this Indenture by the Company; and (b) the Company has delivered to the Trustee an  Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein  provided for relating to the satisfaction and discharge of this Indenture have been complied with.  Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company  to the Trustee under Section 7.06 shall survive.                                    ARTICLE 4                                                           PARTICULAR COVENANTS OF THE COMPANY         4.01  Payment of Principal and Interest. The Company covenants and agrees that it  will cause to be paid the principal (including the Redemption Price and the Fundamental Change  Repurchase Price, if applicable) of, and accrued and unpaid interest on, each of the Notes at the  places, at the respective times and in the manner provided herein and in the Notes.         4.02  Maintenance of Office or Agency. The Company will maintain in the Borough  of Manhattan, The City of New York, an office or agency where the Notes may be surrendered  for registration of transfer or exchange or for presentation for payment or repurchase (“Paying  Agent”) or for conversion (“Conversion Agent”) and where notices and demands to or upon the  Company in respect of the Notes and this Indenture may be served. The Company will give  prompt written notice to the Trustee of the location, and any change in the location, of such  office or agency. If at any time the Company shall fail to maintain any such required office or  agency or shall fail to furnish the Trustee with the address thereof, such presentations,  surrenders, notices and demands may be made or served at the Corporate Trust Office or the  office or agency of the Trustee in the Borough of Manhattan, The City of New York.         The Company may also from time to time designate as co-Note Registrars one or more  other offices or agencies where the Notes may be presented or surrendered for any or all such                                         24    

 

   purposes and may from time to time rescind such designations; provided that no such designation  or rescission shall in any manner relieve the Company of its obligation to maintain an office or  agency in the Borough of Manhattan, The City of New York, for such purposes. The Company  will give prompt written notice to the Trustee of any such designation or rescission and of any  change in the location of any such other office or agency. The terms “Paying Agent” and  “Conversion Agent” include any such additional or other offices or agencies, as applicable.         The Company hereby initially designates the Trustee as the Paying Agent, Note  Registrar, Custodian and Conversion Agent and the Corporate Trust Office as the office or  agency in the Borough of Manhattan, The City of New York, where Notes may be surrendered  for registration of transfer or exchange or for presentation for payment or repurchase or for  conversion and where notices and demands to or upon the Company in respect of the Notes and  this Indenture may be served.         4.03  Appointments to Fill Vacancies in Trustee’s Office. The Company, whenever  necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided  in Section 7.09, a Trustee, so that there shall at all times be a Trustee hereunder.         4.04  Provisions as to Paying Agent. (a) If the Company shall appoint a Paying Agent  other than the Trustee, the Company 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 (including the Redemption Price and the Fundamental Change Repurchase Price, if  applicable) of, and accrued and unpaid interest on, the Notes in trust for the benefit of the  Holders of the Notes;                     (ii)  that it will give the Trustee prompt notice of any failure by the  Company to make any payment of the principal (including the Redemption Price and the  Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid 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.         The Company shall, on or before each due date of the principal (including the  Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, or accrued  and unpaid interest on, the Notes, deposit with the Paying Agent a sum sufficient to pay such  principal (including the Redemption Price and the Fundamental Change Repurchase Price, if  applicable) or accrued and unpaid interest, and (unless such Paying Agent is the Trustee) the  Company will promptly notify the Trustee of any failure to take such action; provided that if  such deposit is made on the due date, such deposit must be received by the Paying Agent by  11:00 a.m., New York City time, on such date.               (b)   If the Company shall act as its own Paying Agent, it will, on or before  each due date of the principal (including the Redemption Price and the Fundamental Change  Repurchase Price, if applicable) of, and accrued and unpaid interest on, the Notes, set aside,                                         25    

 

   segregate and hold in trust for the benefit of the Holders of the Notes a sum sufficient to pay  such principal (including the Redemption Price and the Fundamental Change Repurchase Price,  if applicable) and accrued and unpaid interest so becoming due and will promptly notify the  Trustee in writing of any failure to take such action and of any failure by the Company to make  any payment of the principal (including the Redemption Price and the Fundamental Change  Repurchase Price, if applicable) of, or accrued and unpaid interest on, the Notes when the same  shall become due and payable. The Company or any Affiliate of the Company may act as Paying  Agent (except for the purposes of Article 3). Upon the occurrence of any Event of Default under  Section 6.01(i) or Section 6.01(j), the Trustee shall automatically be the Paying Agent.               (c)   Anything in this Section 4.04 to the contrary notwithstanding, the  Company may, at any time, for the purpose of obtaining a satisfaction and discharge of this  Indenture, or for any other reason, pay, cause to be paid or deliver to the Trustee all sums or  amounts held in trust by the Company or any Paying Agent hereunder as required by this Section  4.04, such sums or amounts to be held by the Trustee upon the trusts herein contained and upon  such payment or delivery by the Company or any Paying Agent to the Trustee, the Company or  such Paying Agent shall be released from all further liability but only with respect to such sums  or amounts.               (d)   Subject to applicable laws, any money deposited with the Trustee or any  Paying Agent, or any money and shares of Common Stock then held by the Company, in trust  for the payment of the principal (including the Redemption Price and the Fundamental Change  Repurchase Price, if applicable) of, accrued and unpaid interest on and the consideration due  upon conversion of any Note and remaining unclaimed for two years after such principal  (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable),  interest or consideration due upon conversion has become due and payable shall be paid to the  Company on request of the Company contained in an Officers’ Certificate, or (if then held by the  Company) shall be discharged from such trust; and the Holder of such Note shall thereafter, as  an unsecured general creditor, look only to the Company for payment thereof, and all liability of  the Trustee or such Paying Agent with respect to such trust money, and all liability of the  Company as trustee for any trust money and shares of Common Stock, shall thereupon cease.         4.05  Existence. Subject to Article 11, the Company shall do or cause to be done all  things necessary to preserve and keep in full force and effect its corporate existence.         4.06  Rule 144A Information Requirement and Annual Reports. (a) At any time the  Company is not subject to Section 13 or 15(d) of the Exchange Act, the Company shall, so long  as any of the Notes or any shares of Common Stock issuable upon conversion thereof shall, at  such time, constitute “restricted securities” within the meaning of Rule 144(a)(3) under the  Securities Act, upon written request, provide to any Holder, beneficial owner or prospective  purchaser of such Notes or any shares of Common Stock issuable upon conversion of such  Notes, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities  Act to facilitate the resale of such Notes or shares of Common Stock pursuant to Rule 144A.         The Company shall take such further action as any Holder or beneficial owner of such  Notes may reasonably request to the extent from time to time required to enable such Holder or                                          26    

 

   beneficial owner to sell such Notes or shares of Common Stock in accordance with Rule 144A,  as such rule may be amended from time to time.               (b)   The Company shall file with the Trustee, within 15 days after the same are  required to be filed with the Commission, copies of any documents or reports that the Company  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). Any such document or  report that the Company files with the Commission via the Commission’s EDGAR system shall  be deemed to be filed with the Trustee for purposes of this Section 4.06(c) at the time such  documents are filed via the EDGAR system.               (c)   Delivery of the reports and documents described in subsection (b) above  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 Company’s compliance with any of its covenants  hereunder (as to which the Trustee is entitled to conclusively rely on an Officers’ Certificate).               (d)   If, at any time during the six-month period beginning on, and including,  the date that is six months after the Last Date of Original Issuance of the Notes, the Company  fails to timely file any document or report that it 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 Notes are not otherwise  freely tradable pursuant to Rule 144 by Holders other than the Company’s Affiliates or Holders  that were the Company’s Affiliates at any time during the three months immediately preceding  (as a result of restrictions pursuant to U.S. securities laws or the terms of this Indenture or the  Notes), the Company shall pay Additional Interest on the Notes. Such Additional Interest shall  accrue on the Notes at the rate of 0.50% per annum of the principal amount of the Notes  outstanding for each day during such period for which the Company’s failure to file has occurred  and is continuing or the Notes are not otherwise freely tradable pursuant to Rule 144 by Holders  other than the Company’s Affiliates (or Holders that were the Company’s Affiliates at any time  during the three months immediately preceding) without restrictions pursuant to U.S. securities  laws or the terms of this Indenture or the Notes. As used in this Section 4.06(e), documents or  reports that the Company is required to “file” with the Commission pursuant to Section 13 or  15(d) of the Exchange Act do not include documents or reports that the Company furnishes to  the Commission pursuant to Section 13 or 15(d) of the Exchange Act.               (e)   If, and for so long as, the restrictive legend on the Notes specified in  Section 2.05(d) has not been removed, the Notes are assigned a restricted CUSIP number or the  Notes are not otherwise freely tradable pursuant to Rule 144 by Holders other than the  Company’s Affiliates or Holders that were the Company’s Affiliates at any time during the three  months immediately preceding (without restrictions pursuant to U.S. securities laws or the terms  of this Indenture or the Notes) beginning as of the 380th day after the Last Date of Original  Issuance of the Notes, the Company shall pay Additional Interest on the Notes at a rate equal to  0.50% per annum of the principal amount of Notes outstanding until the restrictive legend on the  Notes has been removed in accordance with Section 2.05(d), the Notes are assigned an  unrestricted CUSIP number and the Notes are freely tradable pursuant to Rule 144 by Holders  other than the Company’s Affiliates (or Holders that were the Company’s Affiliates at any time                                         27    

 

   during the three months immediately preceding) without restrictions pursuant to U.S. securities  laws or the terms of this Indenture or the Notes.               (f)   Additional Interest will be payable in arrears on each Interest Payment  Date following accrual in the same manner as regular interest on the Notes.               (g)   The Additional Interest that is payable in accordance with Section 4.06(e)  or Section 4.06(f) shall be in addition to, and not in lieu of, any Additional Interest that may be  payable as a result of the Company’s election pursuant to Section 6.03, subject to the provisions  of the last paragraph of Section 6.03.               (h)   If Additional Interest is payable by the Company pursuant to Section  4.06(e) or Section 4.06(f), the Company shall deliver to the Trustee an Officers’ Certificate to  that effect stating (i) the amount of such Additional Interest that is payable and (ii) the date on  which such Additional Interest is payable. Unless and until a Responsible Officer of the Trustee  receives at the Corporate Trust Office such a certificate, the Trustee may assume without inquiry  that no such Additional Interest is payable. If the Company has paid Additional Interest directly  to the Persons entitled to it, the Company shall deliver to the Trustee an Officers’ Certificate  setting forth the particulars of such payment.         4.07  Stay, Extension and Usury Laws. The Company 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 that  would prohibit or forgive the Company from paying all or any portion of the principal of or  interest on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in  force, or that may affect the covenants or the performance of this Indenture; and the Company  (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.         4.08  Compliance Certificate; Statements as to Defaults. The Company shall deliver  to the Trustee within 120 days after the end of each fiscal year of the Company (beginning with  the fiscal year ending on December 31, 2020) an Officers’ Certificate stating whether the signers  thereof have knowledge of any failure by the Company to comply with all conditions and  covenants then required to be performed under this Indenture and, if so, specifying each such  failure and the nature thereof.         In addition, the Company shall deliver to the Trustee, as soon as possible, and in any  event within 30 days after the occurrence of any Event of Default or Default, an Officers’  Certificate setting forth the details of such Event of Default or Default, its status and the action  that the Company is taking or proposing to take in respect thereof.         4.09  Further Instruments and Acts. Upon request of the Trustee, the Company will  execute and deliver such further instruments and do such further acts as may be reasonably  necessary or proper to carry out more effectively the purposes of this Indenture.                                          28    

 

                                    ARTICLE 5                                             LISTS OF HOLDERS AND REPORTS BY THE COMPANY AND THE TRUSTEE         5.01  Lists of Holders. The Company covenants and agrees that it will furnish or cause  to be furnished to the Trustee, semi-annually, not more than 15 days after each May 1 and  November 1 in each year beginning with November 1, 2020, and at such other times as the  Trustee may request in writing, within 30 days after receipt by the Company of any such request  (or such lesser time as the Trustee may reasonably request in order to enable it to timely provide  any notice to be provided by it hereunder), a list in such form as the Trustee may reasonably  require of the names and addresses of the Holders as of a date not more than 15 days (or such  other date as the Trustee may reasonably request in order to so provide any such notices) prior to  the time such information is furnished, except that no such list need be furnished so long as the  Trustee is acting as Note Registrar.         5.02  Preservation and Disclosure of Lists. The Trustee shall preserve, in as current a  form as is reasonably practicable, all information as to the names and addresses of the Holders  contained in the most recent list furnished to it as provided in Section 5.01 or maintained by the  Trustee in its capacity as Note Registrar, if so acting. The Trustee may destroy any list furnished  to it as provided in Section 5.01 upon receipt of a new list so furnished.                                    ARTICLE 6                                                                    DEFAULTS AND REMEDIES         6.01  Events of Default. Each of the following events shall be an “Event of Default”  with respect to the Notes:               (a)   default in any payment of interest on any Note when due and payable, and  the default continues for a period of 30 days;               (b)   default in the payment of principal of any Note when due and payable on  the Maturity Date, upon Optional Redemption, upon any required repurchase, upon declaration  of acceleration or otherwise;               (c)   failure by the Company to comply with its obligation to convert the Notes  in accordance with this Indenture upon exercise of a Holder’s conversion right;               (d)   failure by the Company to issue a Fundamental Change Company Notice  in accordance with Section 15.02(d), notice of a Make-Whole Fundamental Change in  accordance with Section 14.03(c) or notice of a specified corporate event in accordance with  Section 14.01(b)(ii) or 14.01(b)(iii), in each case, when due, if such failure continues for three  Business Days;               (e)   failure by the Company to comply with its obligations under Article 11;               (f)   failure by the Company for 60 days after written notice from the Trustee  or the Holders of at least 25% in principal amount of the Notes then outstanding has been                                         29    

 

   received by the Company to comply with any of its other agreements contained in the Notes or  this Indenture;               (g)   default by the Company or any Significant Subsidiary of the Company  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 $10,000,000 (or its foreign currency equivalent) in the aggregate of the  Company and/or any such Significant Subsidiary, whether such indebtedness now exists or shall  hereafter be created (i) resulting in such indebtedness becoming or being declared due and  payable without such indebtedness having been discharged or the acceleration of payment of  such indebtedness having been cured, rescinded, waived or annulled within 30 days after written  notice of such acceleration to the Company by the Trustee or to the Company and the Trustee by  Holders of at least 25% in aggregate principal amount of the Notes then outstanding or (ii)  constituting a failure to pay the principal or interest of any such indebtedness when due and  payable (after any applicable grace period provided in the agreement governing such  indebtedness) at its stated maturity, upon required repurchase, upon declaration of acceleration or  otherwise;               (h)   a final judgment or judgments for the payment of $10,000,000 (or its  foreign currency equivalent) or more (excluding any amounts covered by insurance) in the  aggregate rendered against the Company or any Subsidiary of the Company, which judgment is  not discharged, bonded, paid, waived or stayed within 90 days after (i) the date on which the  right to appeal thereof has expired if no such appeal has commenced, or (ii) the date on which all  rights to appeal have been extinguished;               (i)   the Company or any Significant Subsidiary shall commence a voluntary  case or other proceeding seeking liquidation, reorganization or other relief with respect to the  Company or any such Significant Subsidiary or its debts under any bankruptcy, insolvency or  other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver,  liquidator, custodian or other similar official of the Company or any such Significant Subsidiary  or any substantial part of its property, or shall consent to any such relief or to the appointment of  or taking possession by any such official in an involuntary case or other proceeding commenced  against it, or shall make a general assignment for the benefit of creditors, or shall fail generally to  pay its debts as they become due; or               (j)   an involuntary case or other proceeding shall be commenced against the  Company or any Significant Subsidiary seeking liquidation, reorganization or other relief with  respect to the Company or such Significant Subsidiary or its debts under any bankruptcy,  insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee,  receiver, liquidator, custodian or other similar official of the Company or such Significant  Subsidiary or any substantial part of its property, and such involuntary case or other proceeding  shall remain undismissed and unstayed for a period of 60 consecutive days.         6.02  Acceleration; Rescission and Annulment. If one or more Events of Default shall  have occurred and be continuing (whatever the reason for such Event of Default and whether it  shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment,  decree or order of any court or any order, rule or regulation of any administrative or                                         30    

 

   governmental body), then, and in each and every such case (other than an Event of Default  specified in Section 6.01(i) or Section 6.01(j) with respect to the Company or any of its  Significant Subsidiaries), unless the principal of all of the Notes shall have already become due  and payable, either the Trustee or the Holders of at least 25% in aggregate principal amount of  the Notes then outstanding determined in accordance with Section 8.04, by notice in writing to  the Company (and to the Trustee if given by Holders), may (and the Trustee, at the written  request of such Holders, shall) declare 100% of the principal of, and accrued and unpaid interest  on, all the Notes to be due and payable immediately, and upon any such declaration the same  shall become and shall automatically be immediately due and payable, anything contained in this  Indenture or in the Notes to the contrary notwithstanding. If an Event of Default specified in  Section 6.01(i) or Section 6.01(j) with respect to the Company or any of its Significant  Subsidiaries occurs and is continuing, 100% of the principal of, and accrued and unpaid interest,  if any, on, all Notes shall become and shall automatically be immediately due and payable.         The immediately preceding paragraph, however, is subject to the conditions that if, at any  time after the principal of the Notes shall have been so declared due and payable, and before any  judgment or decree for the payment of the monies due shall have been obtained or entered as  hereinafter provided, the Company shall pay or shall deposit with the Trustee a sum sufficient to  pay installments of accrued and unpaid interest upon all Notes and the principal of any and all  Notes that shall have become due otherwise than by acceleration (with interest on overdue  installments of accrued and unpaid interest to the extent that payment of such interest is  enforceable under applicable law, and on such principal at the rate borne by the Notes at such  time) and amounts due to the Trustee pursuant to Section 7.06, and if (1) rescission would not  conflict with any judgment or decree of a court of competent jurisdiction and (2) any and all  existing Events of Default under this Indenture, other than the nonpayment of the principal of  and accrued and unpaid interest, if any, on Notes that shall have become due solely by such  acceleration, shall have been cured or waived pursuant to Section 6.09, then and in every such  case (except as provided in the immediately succeeding sentence) the Holders of a majority in  aggregate principal amount of the Notes then outstanding, by written notice to the Company and  to the Trustee, may waive all Defaults or Events of Default with respect to the Notes and rescind  and annul such declaration and its consequences and such Default shall cease to exist, and any  Event of Default arising therefrom shall be deemed to have been cured for every purpose of this  Indenture; but no such waiver or rescission and annulment shall extend to or shall affect any  subsequent Default or Event of Default, or shall impair any right consequent thereon.  Notwithstanding anything to the contrary herein, no such waiver or rescission and annulment  shall extend to or shall affect any Default or Event of Default resulting from (i) the nonpayment  of the principal (including the Redemption Price and the Fundamental Change Repurchase Price,  if applicable) of, or accrued and unpaid interest on, any Notes, (ii) a failure to repurchase any  Notes when required or (iii) a failure to pay or deliver, as the case may be, the consideration due  upon conversion of the Notes.         6.03  Additional Interest. Notwithstanding anything in this Indenture or in the Notes  to the contrary, to the extent the Company elects, the sole remedy for an Event of Default  relating to the Company’s failure to comply with its obligations as set forth in Section 4.06(c)  shall after the occurrence of such an Event of Default consist exclusively of the right to receive  Additional Interest on the Notes at a rate equal to (i) 0.25% per annum of the principal amount of  the Notes outstanding for each day during the first 180-day period on which such Event of                                         31    

 

   Default is continuing beginning on, and including, the date on which such an Event of Default  first occurs and (ii) 0.50% per annum of the principal amount of the Notes outstanding for each  day during the period from, and including, the 181st day after the occurrence of such Event of  Default to, but excluding, the 365th day after the occurrence of such Event of Default, during  which such Event of Default is continuing, subject to the second immediately succeeding  paragraph. No Additional Interest shall accrue on and after such 365th day in relation to such  Event of Default pursuant to this Section 6.03. Additional Interest payable pursuant to this  Section 6.03 shall be in addition to, not in lieu of, any Additional Interest payable pursuant to  Section 4.06(e) or Section 4.06(f), subject to the provisions of the last paragraph of Section 6.03.  If the Company so elects, such Additional Interest shall be payable in the same manner and on  the same dates as the stated interest payable on the Notes. On the 365th day after such Event of  Default (if the Event of Default relating to the Company’s failure to file is not cured or waived  prior to such day), the Notes shall be immediately subject to acceleration as provided in Section  6.02. The provisions of this paragraph will not affect the rights of Holders of Notes in the event  of the occurrence of any Event of Default other than the Company’s failure to comply with its  obligations as set forth in Section 4.06(c). In the event the Company does not elect to pay  Additional Interest following an Event of Default in accordance with this Section 6.03 or the  Company elected to make such payment but does not pay the Additional Interest when due, the  Notes shall be immediately subject to acceleration as provided in Section 6.02.         In order to elect to pay Additional Interest as the sole remedy during the first 364 days  after the occurrence of any Event of Default described in the immediately preceding paragraph,  the Company must notify all Holders of the Notes, the Trustee and the Paying Agent in writing  of such election prior to the beginning of such 364-day period (which, for the avoidance of  doubt, shall not commence until the notice described in Section 6.01(f) has been given, and the  related 60-day period described in such Section 6.01(f) has passed). Upon the failure to timely  give such notice, the Notes shall be immediately subject to acceleration as provided in Section  6.02.         In no event shall Additional Interest payable at the Company’s election as the remedy for  an Event of Default relating to the Company’s failure to comply with its obligations as set forth  under Section 4.06(b) pursuant to this Section 6.03, together with any Additional Interest that  may accrue as a result of the Company’s failure to timely file any document or report that the  Company 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), accrue at a rate in excess of 0.50% per annum pursuant to this  Indenture, regardless of the number of events or circumstances giving rise to the requirement to  pay such Additional Interest.         6.04  Payments of Notes on Default; Suit Therefor. If an Event of Default described  in clause (a) or (b) of Section 6.01 shall have occurred, the Company shall, upon demand of the  Trustee, pay to the Trustee, for the benefit of the Holders of the Notes, the whole amount then  due and payable on the Notes for principal and interest, if any, with interest on any overdue  principal and interest, if any, at the rate borne by the Notes at such time and, in addition thereto,  such further amount as shall be sufficient to cover any amounts due to the Trustee under Section  7.06. If the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in  its own name and as trustee of an express trust, may institute a judicial proceeding for the                                         32    

 

   collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final  decree and may enforce the same against the Company or any other obligor upon the Notes and  collect the moneys adjudged or decreed to be payable in the manner provided by law out of the  property of the Company or any other obligor upon the Notes, wherever situated.         In the event there shall be pending proceedings for the bankruptcy or for the  reorganization of the Company or any other obligor on the Notes under Title 11 of the United  States Code, or any other applicable law, or in case a receiver, assignee or trustee in bankruptcy  or reorganization, liquidator, sequestrator or similar official shall have been appointed for or  taken possession of the Company or such other obligor, the property of the Company or such  other obligor, or in the event of any other judicial proceedings relative to the Company or such  other obligor upon the Notes, or to the creditors or property of the Company or such other  obligor, the Trustee, irrespective of whether the principal of the Notes shall then be due and  payable as therein expressed or by declaration or otherwise and irrespective of whether the  Trustee shall have made any demand pursuant to the provisions of this Section 6.04, shall be  entitled and empowered, by intervention in such proceedings or otherwise, to file and prove a  claim or claims for the whole amount of principal and accrued and unpaid interest, if any, in  respect of the Notes, and, in case of any judicial proceedings, to file such proofs of claim and  other papers or documents and to take such other actions as it may deem necessary or advisable  in order to have the claims of the Trustee (including any claim for the reasonable compensation,  expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders  allowed in such judicial proceedings relative to the Company or any other obligor on the Notes,  its or their creditors, or its or their property, and to collect and receive any monies or other  property payable or deliverable on any such claims, and to distribute the same after the deduction  of any amounts due to the Trustee under Section 7.06; and any receiver, assignee or trustee in  bankruptcy or reorganization, liquidator, custodian or similar official is hereby authorized by  each of the Holders to make such payments to the Trustee, as administrative expenses, and, in  the event that the Trustee shall consent to the making of such payments directly to the Holders,  to pay to the Trustee any amount due it for reasonable compensation, expenses, advances and  disbursements, including agents and counsel fees, and including any other amounts due to the  Trustee under Section 7.06, incurred by it up to the date of such distribution. To the extent that  such payment of reasonable compensation, expenses, advances and disbursements out of the  estate in any such proceedings shall be denied for any reason, payment of the same shall be  secured by a lien on, and shall be paid out of, any and all distributions, dividends, monies,  securities and other property that the Holders of the Notes may be entitled to receive in such  proceedings, whether in liquidation or under any plan of reorganization or arrangement or  otherwise.         Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent  to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement,  adjustment or composition affecting such Holder or the rights of any Holder thereof, or to  authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.         All rights of action and of asserting claims under this Indenture, or under any of the  Notes, may be enforced by the Trustee without the possession of any of the Notes, or the  production thereof at any trial or other proceeding relative thereto, and any such suit or  proceeding instituted by the Trustee shall be brought in its own name as trustee of an express                                         33    

 

   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 of the Notes.         In any proceedings brought by the Trustee (and in any proceedings involving the  interpretation of any provision of this Indenture to which the Trustee shall be a party) the Trustee  shall be held to represent all the Holders of the Notes, and it shall not be necessary to make any  Holders of the Notes parties to any such proceedings.         In case the Trustee shall have proceeded to enforce any right under this Indenture and  such proceedings shall have been discontinued or abandoned because of any waiver pursuant to  Section 6.09 or any rescission and annulment pursuant to Section 6.02 or for any other reason or  shall have been determined adversely to the Trustee, then and in every such case the Company,  the Holders and the Trustee shall, subject to any determination in such proceeding, be restored  respectively to their several positions and rights hereunder, and all rights, remedies and powers  of the Company, the Holders and the Trustee shall continue as though no such proceeding had  been instituted.         6.05  Application of Monies Collected by Trustee. Any monies collected by the  Trustee pursuant to this Article 6 with respect to the Notes shall be applied in the following  order, at the date or dates fixed by the Trustee for the distribution of such monies, upon  presentation of the several Notes, and stamping thereon the payment, if only partially paid, and  upon surrender thereof, if fully paid:         First, to the payment of all amounts due the Trustee under Section 7.06;         Second, in case the principal of the outstanding Notes shall not have become due and be  unpaid, to the payment of interest on, and any cash due upon conversion of, the Notes in default  in the order of the date due of the payments of such interest and cash due upon conversion, as the  case may be, with interest (to the extent that such interest has been collected by the Trustee)  upon such overdue payments at the rate borne by the Notes at such time, such payments to be  made ratably to the Persons entitled thereto;         Third, in case the principal of the outstanding Notes shall have become due, by  declaration or otherwise, and be unpaid to the payment of the whole amount (including, if  applicable, the payment of the Redemption Price, the Fundamental Change Repurchase Price and  any cash due upon conversion) then owing and unpaid upon the Notes for principal and interest,  if any, with interest on the overdue principal and, to the extent that such interest has been  collected by the Trustee, upon overdue installments of interest at the rate borne by the Notes at  such time, and in case such monies shall be insufficient to pay in full the whole amounts so due  and unpaid upon the Notes, then to the payment of such principal (including, if applicable, the  Redemption Price and the Fundamental Change Repurchase Price and any cash due upon  conversion) and interest without preference or priority of principal over interest, or of interest  over principal or of any installment of interest over any other installment of interest, or of any  Note over any other Note, ratably to the aggregate of such principal (including, if applicable, the  Redemption Price, the Fundamental Change Repurchase Price and any cash due upon  conversion) and accrued and unpaid interest; and                                         34    

 

         Fourth, to the payment of the remainder, if any, to the Company.         6.06  Proceedings by Holders. Except to enforce the right to receive payment of  principal (including, if applicable, the Redemption Price and the Fundamental Change  Repurchase Price) or interest when due, or the right to receive payment or delivery of the  consideration due upon conversion, no Holder of any Note shall have any right by virtue of or by  availing of any provision of this Indenture to institute any suit, action or proceeding in equity or  at law upon or under or with respect to this Indenture, or for the appointment of a receiver,  trustee, liquidator, custodian or other similar official, or for any other remedy hereunder, unless:               (a)   such Holder previously shall have given to the Trustee written notice of an  Event of Default and of the continuance thereof, as herein provided;               (b)   Holders of at least 25% in aggregate principal amount of the Notes then  outstanding shall have made written request upon the Trustee to institute such action, suit or  proceeding in its own name as Trustee hereunder;               (c)   such Holders shall have offered to the Trustee such security or indemnity  satisfactory to it in its reasonable discretion against any loss, liability or expense to be incurred  therein or thereby;               (d)   the Trustee for 60 days after its receipt of such notice, request and offer of  such security or indemnity, shall have neglected or refused to institute any such action, suit or  proceeding; and               (e)   no direction that, in the opinion of the Trustee, is inconsistent with such  written request shall have been given to the Trustee by the Holders of a majority of the aggregate  principal amount of the Notes then outstanding within such 60-day period pursuant to Section  6.09,   it being understood and intended, and being expressly covenanted by the taker and Holder of  every Note with every other taker and Holder and the Trustee that no one or more Holders shall  have any right in any manner whatever by virtue of or by availing of any provision of this  Indenture to affect, disturb or prejudice the rights of any other Holder, or to obtain or seek to  obtain priority over or preference to any other such Holder, or to enforce any right under this  Indenture, except in the manner herein provided and for the equal, ratable and common benefit  of all Holders (except as otherwise provided herein). For the protection and enforcement of this  Section 6.06, each and every Holder and the Trustee shall be entitled to such relief as can be  given either at law or in equity.         Notwithstanding any other provision of this Indenture and any provision of any Note,  each Holder shall have the right to receive payment or delivery, as the case may be, of (x) the  principal (including the Redemption Price and the Fundamental Change Repurchase Price, if  applicable) of, (y) accrued and unpaid interest, if any, on, and (z) the consideration due upon  conversion of, such Note, on or after the respective due dates expressed or provided for in such  Note or in this Indenture, or to institute suit for the enforcement of any such payment or delivery,  as the case may be.                                         35    

 

         6.07  Proceedings by Trustee. In case of an Event of Default, the Trustee may in its  discretion proceed to protect and enforce the rights vested in it by this Indenture by such  appropriate judicial proceedings as are necessary to protect and enforce any of such rights, either  by suit in equity or by action at law or by proceeding in bankruptcy or otherwise, whether for the  specific enforcement of any covenant or agreement contained in this Indenture or in aid of the  exercise of any power granted in this Indenture, or to enforce any other legal or equitable right  vested in the Trustee by this Indenture or by law.         6.08  Remedies Cumulative and Continuing. Except as provided in the last paragraph  of Section 2.06, all powers and remedies given by this Article 6 to the Trustee or to the Holders  shall, to the extent permitted by law, be deemed cumulative and not exclusive of any thereof or  of any other powers and remedies available to the Trustee or the Holders of the Notes, by judicial  proceedings or otherwise, to enforce the performance or observance of the covenants and  agreements contained in this Indenture, and no delay or omission of the Trustee or of any Holder  of any of the Notes to exercise any right or power accruing upon any Default or Event of Default  shall impair any such right or power, or shall be construed to be a waiver of any such Default or  Event of Default or any acquiescence therein; and, subject to the provisions of Section 6.06,  every power and remedy given by this Article 6 or by law to the Trustee or to the Holders may  be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by  the Holders.         6.09  Direction of Proceedings and Waiver of Defaults by Majority of Holders. The  Holders of a majority of the aggregate principal amount of the Notes at the time outstanding  determined in accordance with Section 8.04 shall have the right to direct the time, method and  place of conducting any proceeding for any remedy available to the Trustee or exercising any  trust or power conferred on the Trustee with respect to the Notes; provided, however, that (a)  such direction shall not be in conflict with any rule of law or with this Indenture, and (b) the  Trustee may take any other action deemed proper by the Trustee that is not inconsistent with  such direction. The Trustee may refuse to follow any direction that conflicts with any rule of law  or with this Indenture or that it determines is unduly prejudicial to the rights of any other Holder  (it being understood that the Trustee does not have an affirmative duty to ascertain whether or  not such directions are unduly prejudicial to such Holder) or that would involve the Trustee in  personal liability. The Holders of a majority in aggregate principal amount of the Notes at the  time outstanding determined in accordance with Section 8.04 may on behalf of the Holders of all  of the Notes waive any past Default or Event of Default hereunder and its consequences except  (i) a default in the payment of accrued and unpaid interest, if any, on, or the principal (including  any Redemption Price and any Fundamental Change Repurchase Price) of, the Notes when due  that has not been cured pursuant to the provisions of Section 6.01, (ii) a failure by the Company  to pay or deliver, as the case may be, the consideration due upon conversion of the Notes or (iii)  a default in respect of a covenant or provision hereof which under Article 10 cannot be modified  or amended without the consent of each Holder of an outstanding Note affected. Upon any such  waiver the Company, the Trustee and the Holders of the Notes shall be restored to their former  positions and rights hereunder; but no such waiver shall extend to any subsequent or other  Default or Event of Default or impair any right consequent thereon. Whenever any Default or  Event of Default hereunder shall have been waived as permitted by this Section 6.09, said  Default or Event of Default shall for all purposes of the Notes and this Indenture be deemed to                                         36    

 

   have been cured and to be not continuing; but no such waiver shall extend to any subsequent or  other Default or Event of Default or impair any right consequent thereon.         6.10  Notice of Defaults. The Trustee shall, within 90 days after it obtains knowledge  of the occurrence and continuance of a Default of which a Responsible Officer has actual  knowledge, deliver to all Holders notice of all Defaults known to a Responsible Officer, unless  such Defaults shall have been cured or waived before the giving of such notice; provided that,  except in the case of a Default in the payment of the principal of (including the Redemption  Price and the Fundamental Change Repurchase Price, if applicable), or accrued and unpaid  interest on, any of the Notes or a Default in the payment or delivery of the consideration due  upon conversion, the Trustee shall be protected in withholding such notice if and so long as a  committee of Responsible Officers of the Trustee in good faith determines that the withholding  of such notice is in the interests of the Holders.         6.11  Undertaking to Pay Costs. All parties to this Indenture agree, and each Holder  of any Note by its 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 that the provisions of this Section 6.11  (to the extent permitted by law) 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  principal amount of the Notes at the time outstanding determined in accordance with Section  8.04, or to any suit instituted by any Holder for the enforcement of the payment of the principal  of or accrued and unpaid interest, if any, on any Note (including, but not limited to, the  Redemption Price and the Fundamental Change Repurchase Price, if applicable) on or after the  due date expressed or provided for in such Note or to any suit for the enforcement of the right to  convert any Note, or receive the consideration due upon conversion, in accordance with the  provisions of Article 14.                                    ARTICLE 7                                                                   CONCERNING THE TRUSTEE         7.01  Duties and Responsibilities of Trustee. The Trustee, prior to the occurrence of  an Event of Default and after the curing or waiver of all Events of Default that may have  occurred, undertakes to perform such duties and only such duties as are specifically set forth in  this Indenture. In the event an Event of Default has occurred and is continuing, the Trustee shall  exercise such of the rights and powers vested in it by this Indenture, and use the same degree of  care and skill in its exercise, as a prudent person would exercise or use under the circumstances  in the conduct of such person’s own affairs; provided that 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 in its reasonable discretion against any loss,  liability or expense that might be incurred by it in compliance with such request or direction.                                         37    

 

         No provision of this Indenture shall be construed to relieve the Trustee from liability for  its own grossly negligent action, its own grossly negligent failure to act or its own willful  misconduct, except that:               (a)   prior to the occurrence of an Event of Default and after the curing or  waiving of all Events of Default that may have occurred:                     (i)   the duties and obligations of the Trustee shall be determined solely  by the express provisions of this Indenture, 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                     (ii)  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 that 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);               (b)   the Trustee shall not be liable for any error of judgment made in good faith  by a Responsible Officer or Officers of the Trustee, unless it shall be proved that the Trustee was  grossly negligent in ascertaining the pertinent facts;               (c)   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 direction of the Holders of not less than a  majority of the aggregate principal amount of the Notes at the time outstanding determined as  provided in Section 8.04 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;               (d)   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;               (e)   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 Company or any Paying Agent or any records maintained by any co-Note  Registrar with respect to the Notes;               (f)   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, unless a  Responsible Officer of the Trustee had actual knowledge of such event;               (g)   in the absence of written investment direction from the Company, all cash  received by the Trustee shall be placed in a non-interest bearing trust account, and in no event                                         38    

 

   shall the Trustee be liable for the selection of investments or for investment losses incurred  thereon or for losses incurred as a result of the liquidation of any such investment prior to its  maturity date or the failure of the party directing such investments prior to its maturity date or  the failure of the party directing such investment to provide timely written investment direction,  and the Trustee shall have no obligation to invest or reinvest any amounts held hereunder in the  absence of such written investment direction from the Company; and               (h)   in the event that the Trustee is also acting as Custodian, Note Registrar,  Paying Agent, Conversion Agent or transfer agent hereunder, the rights and protections afforded  to the Trustee pursuant to this Article 7, including, without limitation, Section 7.06 hereof, shall  also be afforded to such Custodian, Note Registrar, Paying Agent, Conversion Agent or transfer  agent.         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.         7.02  Reliance on Documents, Opinions, Etc. Except as otherwise provided in Section  7.01:               (a)   the Trustee may conclusively rely and shall be fully protected in acting  upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent,  order, bond, note, coupon or other paper or document believed by it in good faith to be genuine  and to have been signed or presented by the proper party or parties;               (b)   any request, direction, order or demand of the Company mentioned herein  shall be sufficiently evidenced by an Officers’ Certificate (unless other evidence in respect  thereof be herein specifically prescribed); and any Board Resolution may be evidenced to the  Trustee by a copy thereof certified by the Secretary or an Assistant Secretary of the Company;               (c)   the Trustee may consult with counsel of its own selection and require an  Opinion of Counsel and any advice of such counsel 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 reliance on such advice or Opinion of Counsel;               (d)   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 Company, personally or by agent  or attorney at the expense of the Company and shall incur no liability of any kind by reason of  such inquiry or investigation;               (e)   the Trustee may execute any of the trusts or powers hereunder or perform  any duties hereunder either directly or by or through a co-trustee, agents, custodians, nominees  or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part  of any agent, custodian, nominee or attorney appointed by it with due care hereunder;                                         39    

 

               (f)   the permissive rights of the Trustee enumerated herein shall not be  construed as duties;               (g)   the Trustee may request that the Company deliver an Officers’ Certificate  setting forth the names of individuals and/or titles of officers authorized at such time to take  specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any  Person authorized to sign an Officers’ Certificate, including any Person specified as so  authorized in any such certificate previously delivered and not superseded;               (h)   in no event shall the Trustee be liable for any consequential loss or  damage of any kind whatsoever (including but not limited to lost profits), even if the Trustee has  been advised of the likelihood of such loss or damage and regardless of the form of action; and               (i)   the Trustee shall not be charged with knowledge of any Default or Event  of Default with respect to the Notes, unless either (1) a Responsible Officer shall have actual  knowledge of such Default or Event of Default or (2) written notice of such Default or Event of  Default shall have been given to the Trustee by the Company or by any Holder of the Notes.         7.03  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  Company, 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 Company of any Notes or the  proceeds of any Notes authenticated and delivered by the Trustee in conformity with the  provisions of this Indenture.         7.04  Trustee, Paying Agents, Conversion Agents, Bid Solicitation Agent or Note  Registrar May Own Notes. The Trustee, any Paying Agent, any Conversion Agent, Bid  Solicitation Agent (if other than the Company or any Affiliate thereof) or Note 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 the Trustee, Paying Agent, Conversion Agent, Bid Solicitation Agent  or Note Registrar.         7.05  Monies to Be Held in Trust. All monies 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 from time to time by the Company and the  Trustee.         7.06  Compensation and Expenses of Trustee. The Company covenants and agrees to  pay to the Trustee from time to time, and the Trustee shall be entitled to, compensation as agreed  in writing between the Company and the Trustee 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 in writing between the Trustee and the  Company, and the Company 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                                         40    

 

   with any of the provisions of this Indenture in any capacity thereunder (including the reasonable  compensation and the expenses and disbursements of its agents and counsel and of all Persons  not regularly in its employ and including reasonable attorneys’ fees in connection with  enforcement of its rights to indemnity herein) except any such expense, disbursement or advance  as shall have been caused by its gross negligence, willful misconduct or bad faith. The Company  also covenants to indemnify the Trustee in any capacity under this Indenture and any other  document or transaction entered into in connection herewith and its officers, directors,  employees, agents and any authenticating agent (collectively, the “Indemnified Parties”) for,  and to hold them harmless against, any loss, claim, damage, liability, fee, cost, tax, action or  expense incurred by such Indemnified Party without gross negligence, willful misconduct or bad  faith, as the case may be, and arising out of or in connection with the acceptance or  administration of this Indenture or in any other capacity hereunder, including third-party claims  and claims involving the Company, and including the costs and expenses of defending  themselves against any claim of liability in the premises. The obligations of the Company under  this Section 7.06 to compensate or indemnify the Indemnified Parties and to pay or reimburse the  Trustee for expenses, disbursements and advances shall be secured by a senior claim to which  the Notes are hereby made subordinate on all money or property held or collected by the Trustee,  except, subject to the effect of Section 6.05, funds held in trust herewith for the benefit of the  Holders of particular Notes. The Trustee’s right to receive payment of any amounts due under  this Section 7.06 shall not be subordinate to any other liability or indebtedness of the Company.  The obligation of the Company under this Section 7.06 shall survive the satisfaction and  discharge of this Indenture and the earlier resignation or removal of the Trustee. The Company  need not pay for any settlement made without its consent, which consent shall not be  unreasonably withheld. The indemnification provided in this Section 7.06 shall extend to the  officers, directors, agents and employees of the Trustee.         Without prejudice to any other rights available to the Trustee under applicable law, when  the Trustee and its agents and any authenticating agent incur expenses or render services after an  Event of Default specified in Section 6.01(i) or Section 6.01(j) occurs, the expenses and the  compensation for the services are intended to constitute expenses of administration under any  bankruptcy, insolvency or similar laws.         7.07  Officers’ Certificate and Opinion of Counsel as Evidence. Except as otherwise  provided in Section 7.01, 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 bad faith on the part of the Trustee, be deemed to  be conclusively proved and established by an Officers’ Certificate and Opinion of Counsel  delivered to the Trustee, and such Officers’ Certificate and Opinion of Counsel, in the absence of  bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken or  omitted by it under the provisions of this Indenture upon the faith thereof.         7.08  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 (as if the Trust Indenture Act were  applicable hereto) to act as such and has 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                                         41    

 

   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  (including, for the avoidance of doubt, any successor pursuant to Section 7.11) shall cease to be  eligible, or otherwise be ineligible, in accordance with the provisions of this Section, it shall  resign immediately in the manner and with the effect hereinafter specified in this Article.         7.09  Resignation or Removal of Trustee. (a)  The Trustee may at any time resign by  giving written notice of such resignation to the Company and by delivering notice thereof to the  Holders. Upon receiving such notice of resignation, the Company shall promptly 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 resigning Trustee and one copy  to the successor trustee. If no successor trustee shall have been so appointed and have accepted  appointment within 60 days after the giving of such notice of resignation to the Holders, the  resigning Trustee may at the expense of the Company, upon ten Business Days’ notice to the  Company and the Holders, petition any court of competent jurisdiction for the appointment of a  successor trustee, or any Holder who has been a bona fide holder of a Note or Notes for at least  six months (or since the date of this Indenture) may, subject to the provisions of Section 6.11, on  behalf of himself or herself 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, and the Company shall bear the expense  associated with such appointment.               (b)   In case at any time any of the following shall occur:                     (i)   the Trustee shall cease to be eligible in accordance with the  provisions of Section 7.08 and shall fail to resign after written request therefor by the Company  or by any such Holder, or                     (ii)  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 either case, the Company may by a Board Resolution 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 6.11, any Holder who has  been a bona fide holder of a Note or Notes for at least six months (or since the date of this  Indenture) may, on behalf of himself or herself and all others similarly situated, petition any  court of competent jurisdiction for the removal of the Trustee and the 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, as determined in accordance with Section 8.04, may at any time remove the  Trustee and nominate a successor trustee that shall be deemed appointed as successor trustee  unless within ten days after notice to the Company of such nomination the Company objects                                         42    

 

   thereto, in which case the Trustee so removed or any Holder, upon the terms and conditions and  otherwise as in Section 7.09(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 7.09 shall become effective upon  acceptance of appointment by the successor trustee as provided in Section 7.10.         7.10  Acceptance by Successor Trustee. Any successor trustee appointed as provided  in Section 7.09 shall execute, acknowledge and deliver to the Company 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 Company or of the successor trustee, the trustee  ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of  Section 7.06, 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  Company 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 senior claim to which the Notes are hereby made subordinate on all  money or property 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 7.06.         No successor trustee shall accept appointment as provided in this Section 7.10 unless at  the time of such acceptance such successor trustee shall be eligible under the provisions of  Section 7.08.         Upon acceptance of appointment by a successor trustee as provided in this Section 7.10,  each of the Company and the successor trustee, at the written direction and at the expense of the  Company shall deliver or cause to be delivered notice of the succession of such trustee hereunder  to the Holders. If the Company fails to deliver such notice within ten days after acceptance of  appointment by the successor trustee, the successor trustee shall cause such notice to be  delivered at the expense of the Company.         7.11  Succession by Merger, Etc. Any corporation or other entity into which the  Trustee may be merged or converted or with which it may be consolidated, or any corporation or  other entity resulting from any merger, conversion or consolidation to which the Trustee shall be  a party, or any corporation or other entity succeeding to all or substantially all of the corporate  trust business of the Trustee (including the administration of 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.         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                                         43    

 

   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 an authenticating agent appointed by such successor trustee may  authenticate such Notes either in the name of any predecessor trustee hereunder or in the name of  the successor trustee; and in all such cases such certificates shall have the full force which it is  anywhere in the Notes or in this Indenture provided that the certificate of the Trustee shall have;  provided, however, that the right to adopt the certificate of authentication of any predecessor  trustee or to authenticate Notes in the name of any predecessor trustee shall apply only to its  successor or successors by merger, conversion or consolidation.         7.12  Trustee’s Application for Instructions from the Company. Any application by  the Trustee for written instructions from the Company (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 to the Company 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 Business Days after the date any officer that the Company has  indicated to the Trustee should receive such application 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 any omission), the Trustee shall have received  written instructions in accordance with this Indenture in response to such application specifying  the action to be taken or omitted.                                    ARTICLE 8                                                                   CONCERNING THE HOLDERS         8.01  Action by Holders. Whenever in this Indenture it is provided that the Holders of  a specified percentage of the aggregate principal amount of the Notes may take any action  (including the making of any demand or request, the giving of any notice, consent or waiver or  the taking of any other action), the fact that at the time of taking any such action, the Holders of  such specified percentage have joined therein may be evidenced (a) by any instrument or any  number of instruments of similar tenor executed by Holders in person or by agent or proxy  appointed in writing, or (b) by the record of the Holders voting in favor thereof at any meeting of  Holders duly called and held in accordance with the provisions of Article 9, or (c) by a  combination of such instrument or instruments and any such record of such a meeting of  Holders. Whenever the Company or the Trustee solicits the taking of any action by the Holders  of the Notes, the Company or the Trustee may, but shall not be required to, fix in advance of  such solicitation, a date as the record date for determining Holders entitled to take such action.  The record date if one is selected shall be not more than fifteen days prior to the date of  commencement of solicitation of such action.         8.02  Proof of Execution by Holders. Subject to the provisions of Section 7.01,  Section 7.02 and Section 9.05, proof of the execution of any instrument by a Holder or its agent  or proxy shall be sufficient if made in accordance with such reasonable rules and regulations as                                         44    

 

   may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee. The  holding of Notes shall be proved by the Note Register or by a certificate of the Note Registrar.  The record of any Holders’ meeting shall be proved in the manner provided in Section 9.06.         8.03  Who Are Deemed Absolute Owners. The Company, the Trustee, any  authenticating agent, any Paying Agent, any Conversion Agent and any Note Registrar may  deem the Person in whose name a Note shall be registered upon the Note Register to be, and may  treat it as, the absolute owner of such Note (whether or not such Note shall be overdue and  notwithstanding any notation of ownership or other writing thereon made by any Person other  than the Company or any Note Registrar) for the purpose of receiving payment of or on account  of the principal (including any Redemption Price and any Fundamental Change Repurchase  Price) of and (subject to Section 2.03) accrued and unpaid interest on such Note, for conversion  of such Note and for all other purposes; and neither the Company nor the Trustee nor any Paying  Agent nor any Conversion Agent nor any Note Registrar shall be affected by any notice to the  contrary. All such payments or deliveries so made to any Holder for the time being, or upon its  order, shall be valid, and, to the extent of the sums or shares of Common Stock so paid or  delivered, effectual to satisfy and discharge the liability for monies payable or shares deliverable  upon any such Note. Notwithstanding anything to the contrary in this Indenture or the Notes,  following an Event of Default, any holder of a beneficial interest in a Global Note may directly  enforce against the Company, without the consent, solicitation, proxy, authorization or any other  action of the Depositary or any other Person, such holder’s right to exchange such beneficial  interest for a Note in certificated form in accordance with the provisions of this Indenture.         8.04  Company-Owned Notes Disregarded. 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 Company, by any  Subsidiary thereof or by any Affiliate of the Company or any Subsidiary thereof 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 Responsible Officer  knows are so owned shall be so disregarded. Notes so owned that have been pledged in good  faith may be regarded as outstanding for the purposes of this Section 8.04 if the pledgee shall  establish to the satisfaction of the Trustee the pledgee’s right to so act with respect to such Notes  and that the pledgee is not the Company, a Subsidiary thereof or an Affiliate of the Company or  a Subsidiary thereof. In the case of a dispute as to such right, any decision by the Trustee taken  upon the advice of counsel shall be full protection to the Trustee. Upon request of the Trustee,  the Company shall furnish to the Trustee promptly an Officers’ Certificate listing and identifying  all Notes, if any, known by the Company to be owned or held by or for the account of any of the  above described Persons; and, subject to Section 7.01, the Trustee shall be entitled to accept such  Officers’ Certificate as conclusive evidence of the facts therein set forth and of the fact that all  Notes not listed therein are outstanding for the purpose of any such determination.         8.05  Revocation of Consents; Future Holders Bound. At any time prior to (but not  after) the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by  the Holders of the percentage of the aggregate principal amount of the Notes specified in this  Indenture in connection with such action, any Holder of a Note that is shown by the evidence to  be included in the Notes the Holders of which have consented to such action may, by filing                                         45    

 

   written notice with the Trustee at its Corporate Trust Office and upon proof of holding as  provided in Section 8.02, revoke such action so far as concerns such Note. Except as aforesaid,  any such action taken by the Holder of any Note shall be conclusive and binding upon such  Holder and upon all future Holders and owners of such Note and of any Notes issued in  exchange or substitution therefor or upon registration of transfer thereof, irrespective of whether  any notation in regard thereto is made upon such Note or any Note issued in exchange or  substitution therefor or upon registration of transfer thereof.                                    ARTICLE 9                                                                       HOLDERS’ MEETINGS         9.01  Purpose of Meetings. A meeting of Holders may be called at any time and from  time to time pursuant to the provisions of this Article 9 for any of the following purposes:               (a)   to give any notice to the Company or to the Trustee or to give any  directions to the Trustee permitted under this Indenture, or to consent to the waiving of any  Default or Event of Default hereunder (in each case, as permitted under this Indenture) and its  consequences, or to take any other action authorized to be taken by Holders pursuant to any of  the provisions of Article 6;               (b)   to remove the Trustee and nominate a successor trustee pursuant to the  provisions of Article 7;               (c)   to consent to the execution of an indenture or indentures supplemental  hereto pursuant to the provisions of Section 10.02; or               (d)   to take any other action authorized to be taken by or on behalf of the  Holders of any specified aggregate principal amount of the Notes under any other provision of  this Indenture or under applicable law.         9.02  Call of Meetings by Trustee. The Trustee may at any time call a meeting of  Holders to take any action specified in Section 9.01, to be held at such time and at such place as  the Trustee shall determine. Notice of every meeting of the Holders, setting forth the time and  the place of such meeting and in general terms the action proposed to be taken at such meeting  and the establishment of any record date pursuant to Section 8.01, shall be delivered to Holders  of such Notes. Such notice shall also be delivered to the Company. Such notices shall be  delivered not less than 20 nor more than 90 days prior to the date fixed for the meeting.         Any meeting of Holders shall be valid without notice if the Holders of all Notes then  outstanding are present in person or by proxy or if notice is waived before or after the meeting by  the Holders of all Notes then outstanding, and if the Company and the Trustee are either present  by duly authorized representatives or have, before or after the meeting, waived notice.         9.03  Call of Meetings by Company or Holders. In case at any time the Company,  pursuant to a Board Resolution, or the Holders of at least 10% of the aggregate principal amount  of the Notes then outstanding, shall have requested the Trustee to call a meeting of Holders, by  written request setting forth in reasonable detail the action proposed to be taken at the meeting,                                         46    

 

   and the Trustee shall not have delivered the notice of such meeting within 20 days after receipt  of such request, then the Company or such Holders may determine the time and the place for  such meeting and may call such meeting to take any action authorized in Section 9.01, by  delivering notice thereof as provided in Section 9.02.         9.04  Qualifications for Voting. To be entitled to vote at any meeting of Holders a  Person shall (a) be a Holder of one or more Notes on the record date pertaining to such meeting  or (b) be a Person appointed by an instrument in writing as proxy by a Holder of one or more  Notes on the record date pertaining to such meeting. The only Persons who shall be entitled to be  present or to speak at any meeting of Holders shall be the Persons entitled to vote at such  meeting and their counsel and any representatives of the Trustee and its counsel and any  representatives of the Company and its counsel.         9.05  Regulations. Notwithstanding any other provisions of this Indenture, the Trustee  may make such reasonable regulations as it may deem advisable for any meeting of Holders, in  regard to proof of the holding of Notes and of the appointment of proxies, and in regard to the  appointment and duties of inspectors of votes, the submission and examination of proxies,  certificates and other evidence of the right to vote, and such other matters concerning the conduct  of the meeting as it shall think fit.         The Trustee shall, by an instrument in writing, appoint a temporary chairman of the  meeting, unless the meeting shall have been called by the Company or by Holders as provided in  Section 9.03, in which case the Company or the Holders calling the meeting, as the case may be,  shall in like manner appoint a temporary chairman. A permanent chairman and a permanent  secretary of the meeting shall be elected by vote of the Holders of a majority in aggregate  principal amount of the Notes represented at the meeting and entitled to vote at the meeting.         Subject to the provisions of Section 8.04, at any meeting of Holders each Holder or  proxyholder shall be entitled to one vote for each $1,000 principal amount of Notes held or  represented by him or her; provided, however, that no vote shall be cast or counted at any  meeting in respect of any Note challenged as not outstanding and ruled by the chairman of the  meeting to be not outstanding. The chairman of the meeting shall have no right to vote other than  by virtue of Notes held by it or instruments in writing as aforesaid duly designating it as the  proxy to vote on behalf of other Holders. Any meeting of Holders duly called pursuant to the  provisions of Section 9.02 or Section 9.03 may be adjourned from time to time by the Holders of  a majority of the aggregate principal amount of Notes represented at the meeting, whether or not  constituting a quorum, and the meeting may be held as so adjourned without further notice.         9.06  Voting. The vote upon any resolution submitted to any meeting of Holders shall  be by written ballot on which shall be subscribed the signatures of the Holders or of their  representatives by proxy and the outstanding aggregate principal amount of the Notes held or  represented by them. The permanent chairman of the meeting shall appoint two inspectors of  votes who shall count all votes cast at the meeting for or against any resolution and who shall  make and file with the secretary of the meeting their verified written reports in duplicate of all  votes cast at the meeting. A record in duplicate of the proceedings of each meeting of Holders  shall be prepared by the secretary of the meeting and there shall be attached to said record the  original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by                                         47    

 

   one or more Persons having knowledge of the facts setting forth a copy of the notice of the  meeting and showing that said notice was delivered as provided in Section 9.02. The record shall  show the aggregate principal amount of the Notes voting in favor of or against any resolution.  The record shall be signed and verified by the affidavits of the permanent chairman and secretary  of the meeting and one of the duplicates shall be delivered to the Company and the other to the  Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the  meeting.         Any record so signed and verified shall be conclusive evidence of the matters therein  stated.         9.07  No Delay of Rights by Meeting. Nothing contained in this Article 9 shall be  deemed or construed to authorize or permit, by reason of any call of a meeting of Holders or any  rights expressly or impliedly conferred hereunder to make such call, any hindrance or delay in  the exercise of any right or rights conferred upon or reserved to the Trustee or to the Holders  under any of the provisions of this Indenture or of the Notes.                                    ARTICLE 10                                                                  SUPPLEMENTAL INDENTURES         10.01 Supplemental Indentures Without Consent of Holders. The Company, when  authorized by the resolutions of the Board of Directors and the Trustee, at the Company’s  expense, may from time to time and at any time enter into an indenture or indentures  supplemental hereto for one or more of the following purposes:               (a)   to cure any ambiguity, omission, defect or inconsistency;               (b)   to provide for the assumption by a Successor Company of the obligations  of the Company under this Indenture pursuant to Article 11;               (c)   to add guarantees with respect to the Notes;               (d)   to secure the Notes;               (e)   to add to the covenants or Events of Default of the Company for the  benefit of the Holders or surrender any right or power conferred upon the Company;               (f)   to make any change that does not adversely affect in any material respect  the rights of any Holder (as determined in good faith by the Company and evidenced by an  Officers’ Certificate);               (g)   in connection with any Share Exchange Event, to provide that the Notes  are convertible into Reference Property, subject to the provisions of Section 14.02, and make  such related changes to the terms of the Notes to the extent expressly required by Section 14.07;               (h)   to comply with any requirement of the Commission in connection with the  qualification of this Indenture under the Trust Indenture Act;                                         48    

 

               (i)   to provide for the acceptance of appointment by a successor trustee  pursuant to this Indenture or facilitate the administration of the trusts under this Indenture by  more than one trustee;                (j)   to conform the provisions of this Indenture or the Notes to the  “Description of Notes” section of the Offering Memorandum; or                (k)   irrevocably elect a Settlement Method or a Specified Dollar Amount, or  eliminate the Company’s right to elect a Settlement Method; provided, however, that no such  election or elimination will affect any Settlement Method theretofore elected (or deemed to be  elected) with respect to any Note pursuant to Section 14.02.         Upon the written request of the Company, the Trustee is hereby authorized to join with  the Company in the execution of any such supplemental indenture, to make any further  appropriate agreements and stipulations that may be therein contained, but the Trustee shall not  be obligated to, but may in its discretion, enter into any supplemental indenture that affects the  Trustee’s own rights, duties or immunities under this Indenture or otherwise.         Any supplemental indenture authorized by the provisions of this Section 10.01 may be  executed by the Company and the Trustee without the consent of the Holders of any of the Notes  at the time outstanding, notwithstanding any of the provisions of Section 10.02.         10.02 Supplemental Indentures with Consent of Holders. With the consent  (evidenced as provided in Article 8) of the Holders of at least a majority of the aggregate  principal amount of the Notes then outstanding (determined in accordance with Article 8 and  including, without limitation, consents obtained in connection with a repurchase of, or tender or  exchange offer for, Notes), the Company, when authorized by the resolutions of the Board of  Directors, and the Trustee, at the Company’s expense, may from time to time and at any time  enter into an indenture or indentures supplemental hereto for the purpose of adding any  provisions to or changing in any manner or eliminating any of the provisions of this Indenture or  any supplemental indenture or of modifying in any manner the rights of the Holders; provided,  however, that, without the consent of each Holder of an outstanding Note affected, no such  supplemental indenture shall:               (a)   reduce the amount of Notes whose Holders must consent to an  amendment;               (b)   reduce the rate of or extend the stated time for payment of interest on any  Note;               (c)   reduce the principal of or extend the Maturity Date of any Note;               (d)   make any change that adversely affects the conversion rights of any Notes;               (e)   reduce the Redemption Price or the Fundamental Change Repurchase  Price of any Note or amend or modify in any manner adverse to the Holders the Company’s  obligation to make such payments, whether through an amendment or waiver of provisions in the  covenants, definitions or otherwise;                                         49    

 

               (f)   make any Note payable in a currency, or at a place of payment, other than  that stated in the Note;               (g)   change the ranking of the Notes; or               (h)   make any change in this Article 10 that requires each Holder’s consent or  in the waiver provisions in Section 6.02 or Section 6.09.         Upon the written request of the Company, and upon the filing with the Trustee of  evidence of the consent of Holders as aforesaid and subject to Section 10.05, the Trustee shall  join with the Company in the execution of such supplemental indenture unless such  supplemental indenture affects the Trustee’s own rights, duties or immunities under this  Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated  to, enter into such supplemental indenture.         Holders do not need under this Section 10.02 to approve the particular form of any  proposed supplemental indenture. It shall be sufficient if such Holders approve the substance  thereof. After any such supplemental indenture becomes effective, the Company shall deliver to  the Holders a notice briefly describing such supplemental indenture. However, the failure to give  such notice to all the Holders, or any defect in the notice, will not impair or affect the validity of  the supplemental indenture.         10.03 Effect of Supplemental Indentures. Upon the execution of any supplemental  indenture pursuant to the provisions of this Article 10, this Indenture shall be and be deemed to  be modified and amended in accordance therewith and the respective rights, limitation of rights,  obligations, duties and immunities under this Indenture of the Trustee, the Company and the  Holders shall thereafter be determined, exercised and enforced hereunder subject in all respects  to such modifications and amendments and all the terms and conditions of any such  supplemental indenture shall be and be deemed to be part of the terms and conditions of this  Indenture for any and all purposes.         10.04 Notation on Notes. Notes authenticated and delivered after the execution of any  supplemental indenture pursuant to the provisions of this Article 10 may, at the Company’s  expense, bear a notation in form approved by the Trustee as to any matter provided for in such  supplemental indenture. If the Company or the Trustee shall so determine, new Notes so  modified as to conform, in the opinion of the Trustee and the Board of Directors, to any  modification of this Indenture contained in any such supplemental indenture may, at the  Company’s expense, be prepared and executed by the Company, authenticated by the Trustee (or  an authenticating agent duly appointed by the Trustee pursuant to Section 17.10) and delivered in  exchange for the Notes then outstanding, upon surrender of such Notes then outstanding.         10.05 Evidence of Compliance of Supplemental Indenture to Be Furnished Trustee.  In addition to the documents required by Section 17.05, the Trustee shall receive an Officers’  Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture  executed pursuant hereto complies with the requirements of this Article 10 and is permitted or  authorized by this Indenture.                                          50    

 

                                    ARTICLE 11                                                   CONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASE         11.01 Company May Consolidate, Etc. on Certain Terms. Subject to the provisions of  Section 11.02, the Company shall not consolidate with, merge with or into, or sell, convey,  transfer or lease all or substantially all of its properties and assets to another Person, unless:               (a)   the resulting, surviving or transferee Person (the “Successor Company”),  if not the Company, shall be a corporation organized and existing under the laws of the United  States of America, any State thereof or the District of Columbia, and the Successor Company (if  not the Company) shall expressly assume, by supplemental indenture all of the obligations of the  Company under the Notes and this Indenture; and               (b)   immediately after giving effect to such transaction, no Default or Event of  Default shall have occurred and be continuing under this Indenture.         For purposes of this Section 11.01, the sale, conveyance, transfer or lease of all or  substantially all of the properties and assets of one or more Subsidiaries of the Company to  another Person, which properties and assets, if held by the Company instead of such  Subsidiaries, would constitute all or substantially all of the properties and assets of the Company  on a consolidated basis, shall be deemed to be the sale, conveyance, transfer or lease of all or  substantially all of the properties and assets of the Company to another Person.         11.02 Successor Corporation to Be Substituted. In case of any such consolidation,  merger, sale, conveyance, transfer or lease and upon the assumption by the Successor Company,  by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the  Trustee, of the due and punctual payment of the principal of and accrued and unpaid interest on  all of the Notes, the due and punctual delivery or payment, as the case may be, of any  consideration due upon conversion of the Notes and the due and punctual performance of all of  the covenants and conditions of this Indenture to be performed by the Company, such Successor  Company (if not the Company) shall succeed to and, except in the case of a lease of all or  substantially all of the Company’s properties and assets, shall be substituted for the Company,  with the same effect as if it had been named herein as the party of the first part. Such Successor  Company thereupon may cause to be signed, and may issue either in its own name or in the name  of the Company any or all of the Notes issuable hereunder which theretofore shall not have been  signed by the Company and delivered to the Trustee; and, upon the order of such Successor  Company instead of the Company and subject to all the terms, conditions and limitations in this  Indenture prescribed, the Trustee shall authenticate and shall deliver, or cause to be authenticated  and delivered, any Notes that previously shall have been signed and delivered by the Officers of  the Company to the Trustee for authentication, and any Notes that such Successor Company  thereafter shall cause to be signed and delivered to the Trustee for that purpose. All the Notes so  issued shall in all respects have the same legal rank and benefit under this Indenture as the Notes  theretofore or thereafter issued in accordance with the terms of this Indenture as though all of  such Notes had been issued at the date of the execution hereof. In the event of any such  consolidation, merger, sale, conveyance or transfer (but not in the case of a lease), upon  compliance with this Article 11 the Person named as the “Company” in the first paragraph of                                         51    

 

   this Indenture (or any successor that shall thereafter have become such in the manner prescribed  in this Article 11) may be dissolved, wound up and liquidated at any time thereafter and, except  in the case of a lease, such Person shall be released from its liabilities as obligor and maker of the  Notes and from its obligations under this Indenture and the Notes.         In case of any such consolidation, merger, sale, conveyance, transfer or lease, such  changes in phraseology and form (but not in substance) may be made in the Notes thereafter to  be issued as may be appropriate.         11.03 Opinion of Counsel to Be Given to Trustee. No such consolidation, merger,  sale, conveyance, transfer or lease shall be effective unless the Trustee shall receive an Officers’  Certificate and an Opinion of Counsel as conclusive evidence that any such consolidation,  merger, sale, conveyance, transfer or lease, as the case may be, and any such assumption and, if a  supplemental indenture is required in connection with such transaction, such supplemental  indenture, complies with the provisions of this Article 11, and which Opinion of Counsel shall  state that the Notes and such supplemental indenture are valid and binding obligations of the  Successor Company.                                    ARTICLE 12                                                IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND                                   DIRECTORS         12.01 Indenture and Notes Solely Corporate Obligations. No recourse for the  payment of the principal of or accrued and unpaid interest on any Note, nor for any claim based  thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant  or agreement of the Company in this Indenture or in any supplemental indenture or in any Note,  nor because of the creation of any indebtedness represented thereby, shall be had against any  incorporator, stockholder, employee, agent, Officer or director or Subsidiary, as such, past,  present or future, of the Company or of any successor corporation, either directly or through the  Company or any successor corporation, whether by virtue of any constitution, statute or rule of  law, or by the enforcement of any assessment or penalty or otherwise; it being expressly  understood that all such liability is hereby expressly waived and released as a condition of, and  as a consideration for, the execution of this Indenture and the issue of the Notes.                                    ARTICLE 13                                                                   [INTENTIONALLY OMITTED]                                    ARTICLE 14                                                                     CONVERSION OF NOTES         14.01 Conversion Privilege. (a)  Subject to and upon compliance with the provisions of  this Article 14, each Holder of a Note shall have the right, at such Holder’s option, to convert all  or any portion (if the portion to be converted is $1,000 principal amount or an integral multiple  thereof) of such Note (i) subject to satisfaction of the conditions described in Section 14.01(b), at                                         52    

 

   any time prior to the close of business on the Business Day immediately preceding February 15,  2027 under the circumstances and during the periods set forth in Section 14.01(b), and (ii)  regardless of the conditions described in Section 14.01(b), on or after February 15, 2027 and  prior to the close of business on the Business Day immediately preceding the Maturity Date, in  each case, at an initial conversion rate of 30.0978 shares of Common Stock (subject to  adjustment as provided in this Article 14, the “Conversion Rate”) per $1,000 principal amount  of Notes (subject to, and in accordance with, the settlement provisions of Section 14.02, the  “Conversion Obligation”).               (b)   (i) Prior to the close of business on the Business Day immediately  preceding February 15, 2027, a Holder may surrender all or any portion of its Notes for  conversion at any time during the five consecutive Business Day period immediately following  any ten 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 of  Notes in accordance with this subsection (b)(i), for each Trading Day of the Measurement Period  was less than 98% of the product of the Last Reported Sale Price of the Common Stock on each  such Trading Day and the Conversion Rate on each such Trading Day. The Trading Prices shall  be determined by the Bid Solicitation Agent pursuant to this subsection (b)(i) and the definition  of Trading Price set forth in this Indenture. The Company shall provide written notice to the Bid  Solicitation Agent (if other than the Company) of the three independent nationally recognized  securities dealers selected by the Company pursuant to the definition of Trading Price, along  with appropriate contact information for each. The Bid Solicitation Agent (if other than the  Company) shall have no obligation to determine the Trading Price per $1,000 principal amount  of Notes unless the Company has requested such determination in writing (and provided the Bid  Solicitation Agent the names and contact information for such dealers) and the Company shall  have no obligation to make such request (or, if the Company is acting as Bid Solicitation Agent,  the Company shall have no obligation to determine the Trading Price per $1,000 principal  amount of Notes) unless a Holder of Notes having an aggregate principal amount of more than  $3,000,000 provides the Company with reasonable evidence that the Trading Price per $1,000  principal amount of Notes on any Trading Day would be less than 98% of the product of the Last  Reported Sale Price of the Common Stock on such Trading Day and the Conversion Rate on  such Trading Day, at which time the Company shall instruct the Bid Solicitation Agent (if other  than the Company) in writing to determine, or if the Company is acting as Bid Solicitation  Agent, the Company shall determine, the Trading Price per $1,000 principal amount of 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 Common Stock and the Conversion Rate. If (x) the Company is not  acting as Bid Solicitation Agent, and the Company does not instruct the Bid Solicitation Agent to  determine the Trading Price per $1,000 principal amount of Notes when obligated as provided in  the preceding sentence, or if the Company instructs the Bid Solicitation Agent in writing to  obtain bids and the Bid Solicitation Agent fails to make such determination, or (y) the Company  is acting as Bid Solicitation Agent and the Company fails to make such determination when  obligated as provided in the preceding sentence, then, in either case, the Trading Price per $1,000  principal amount of Notes shall be deemed to be less than 98% of the product of the Last  Reported Sale Price of the Common Stock and the Conversion Rate on each Trading Day of such  failure. If the Trading Price condition set forth above has been met, the Company shall so notify  the Holders in writing, the Trustee and the Conversion Agent (if other than the Trustee). If, at                                         53    

 

   any time after the Trading Price condition set forth above has been met, 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 Common Stock and the Conversion Rate for such date, the Company  shall so notify the Holders of the Notes in writing, the Trustee and the Conversion Agent (if  other than the Trustee).                     (ii)  If, prior to the close of business on the Business Day immediately  preceding February 15, 2027, the Company elects to:                           (A)   issue to all or substantially all holders of the Common  Stock any rights, options or warrants (other than pursuant to a stockholder rights plan in respect  of which the stockholder rights have not separated from the shares of Common Stock) entitling  them, for a period of not more than 45 calendar days after the announcement date of such  issuance, to subscribe for or purchase shares of the Common Stock at a price per share that is  less than the average of the Last Reported Sale Prices of the Common Stock for the 10  consecutive Trading Day period ending on, and including, the Trading Day immediately  preceding the date of announcement of such issuance; or                           (B)   distribute to all or substantially all holders of the Common  Stock the Company’s assets, securities or rights to purchase securities of the Company (other  than pursuant to a stockholder rights plan in respect of which the stockholder rights have not  separated from the shares of Common Stock), which distribution has a per share value, as  reasonably determined by the Board of Directors, exceeding 10% of the Last Reported Sale Price  of the Common Stock on the Trading Day preceding the date of announcement for such  distribution,   then, in either case, the Company shall notify in writing all Holders of the Notes, the Trustee and  the Conversion Agent (if other than the Trustee) (x) at least 50 Scheduled Trading Days prior to  the Ex-Dividend Date for such issuance or distribution or (y) at least 10 Scheduled Trading Days  prior to the Ex-Dividend Date for such issuance or distribution (provided that, if the Company  provides such notice in accordance with this clause (y) but not in accordance with the  immediately preceding clause (x), notwithstanding anything to the contrary under Section 14.02  or any other provision of this Indenture, the Company will be required to settle all conversions of  Notes with a Conversion Date occurring during the period from, and including, the date of such  notice to, and including, the Business Day immediately preceding the Ex-Dividend Date for such  issuance or distribution (or the date of the Company’s announcement that such issuance or  distribution will not take place) using Physical Settlement and the Company will so notify the  Holders of such required Settlement Method in such notice). Once the Company has given such  notice, a Holder may surrender all or any portion of its Notes for conversion at any time until the  earlier of (1) the close of business on the Business Day immediately preceding the Ex-Dividend  Date for such issuance or distribution and (2) the Company’s announcement that such issuance  or distribution will not take place, in each case, even if the Notes are not otherwise convertible at  such time.                     (iii) If a transaction or event that constitutes a Fundamental Change or  a Make-Whole Fundamental Change occurs prior to the close of business on the Business Day  immediately preceding February 15, 2027, regardless of whether a Holder has the right to require                                         54    

 

   the Company to repurchase the Notes pursuant to Section 15.02, or if the Company is a party to a  consolidation, merger, binding share exchange, or transfer or lease of all or substantially all of its  assets that occurs prior to the close of business on the Business Day immediately preceding  February 15, 2027, in each case, pursuant to which the Common Stock would be converted into  cash, securities or other assets, all or any portion of a Holder’s Notes may be surrendered for  conversion at any time from or after the date that is 50 Scheduled Trading Days prior to the  anticipated effective date of the transaction (or, if later, the earlier of (x) the Business Day after  the Company gives notice of such transaction and (y) the actual effective date of such  transaction) until 35 Trading Days after the actual effective date of such transaction or, if such  transaction also constitutes a Fundamental Change, until the close of business on the related  Fundamental Change Repurchase Date. The Company shall notify Holders, the Trustee and the  Conversion Agent (if other than the Trustee) as promptly as practicable following the date the  Company publicly announces such transaction, but in no event later than the actual effective date  of such transaction.                     (iv)  Prior to the close of business on the Business Day immediately  preceding February 15, 2027, a Holder may surrender all or any portion of its Notes for  conversion at any time during any calendar quarter commencing after the calendar quarter  ending on September 30, 2020 (and only during such calendar quarter), if the Last Reported Sale  Price of the Common Stock for at least 20 Trading Days (whether or not consecutive) during the  period of 30 consecutive Trading Days ending on, and including, the last Trading Day of the  immediately preceding calendar quarter is greater than or equal to 130% of the Conversion Price  on each applicable Trading Day. The Company shall determine at the beginning of each calendar  quarter commencing after September 30, 2020 whether the Notes may be surrendered for  conversion in accordance with this clause (iv) and shall notify the Holders, the Trustee and the  Conversion Agent (if other than the Trustee) if the Notes become convertible in accordance with  this clause (iv).                     (v)   If the Company calls any or all of the Notes for redemption  pursuant to Article 16, then a Holder may surrender all or any portion of its Notes for conversion  at any time prior to the close of business on the Scheduled Trading Day prior to the Redemption  Date, even if the Notes are not otherwise convertible at such time. After that time, the right to  convert on account of the Company’s delivery of the Notice of Redemption shall expire, unless  the Company defaults in the payment of the Redemption Price, in which case a Holder of Notes  may convert its Notes until the Business Day immediately preceding the date on which the  Redemption Price has been paid or duly provided for.         14.02 Conversion Procedure; Settlement Upon Conversion.               (a)   Subject to this Section 14.02, Section 14.03(c) and Section 14.07(a), upon  conversion of any Note, the Company shall pay or deliver, as the case may be, to the converting  Holder, in respect of each $1,000 principal amount of Notes being converted, cash (“Cash  Settlement”), shares of Common Stock, together with cash, if applicable, in lieu of delivering  any fractional share of Common Stock in accordance with subsection (j) of this Section 14.02  (“Physical Settlement”) or a combination of cash and shares of Common Stock, together with  cash, if applicable, in lieu of delivering any fractional share of Common Stock in accordance                                         55    

 

   with subsection (j) of this Section 14.02 (“Combination Settlement”), at its election, as set forth  in this Section 14.02.                     (i)   All conversions for which the relevant Conversion Date occurs on  or after February 15, 2027, and all conversions for which the relevant Conversion Date occurs on  or after the Company’s issuance of a Notice of Redemption with respect to the Notes and prior to  the related Redemption Date, shall be settled using the same Settlement Method.                     (ii)  Except for any conversions for which the relevant Conversion Date  occurs on or after February 15, 2027, and any conversions for which the relevant Conversion  Date occurs on or after the Company’s issuance of a Notice of Redemption with respect to the  Notes but prior to the related Redemption Date, the Company shall use the same Settlement  Method for all conversions with the same Conversion Date, but the Company shall not have any  obligation to use the same Settlement Method with respect to conversions with different  Conversion Dates.                     (iii) If, in respect of any Conversion Date (or one of the periods  described in the third immediately succeeding set of parentheses, as the case may be), the  Company elects to deliver a notice (the “Settlement Notice”) of the relevant Settlement Method  in respect of such Conversion Date (or such period, as the case may be), the Company, through  the Trustee, shall deliver such Settlement Notice to converting Holders no later than the close of  business on the Trading Day immediately following the relevant Conversion Date (or, in the case  of any conversions for which the relevant Conversion Date occurs (x) after the date of issuance  of a Notice of Redemption with respect to the Notes and prior to the related Redemption Date, in  such Notice of Redemption or (y) on or after February 15, 2027, no later than February 15,  2027). If the Company does not elect a Settlement Method prior to the deadline set forth in the  immediately preceding sentence, the Company shall no longer have the right to elect Cash  Settlement or Physical Settlement and the Company shall be deemed to have elected  Combination Settlement in respect of its Conversion 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 Company 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 cash, shares of Common Stock or combination of cash and  shares of Common Stock in respect of any conversion of Notes (the “Settlement Amount”) shall  be computed as follows:                           (A)   if the Company elects to satisfy its Conversion Obligation  in respect of such conversion by Physical Settlement, the Company shall deliver to the  converting Holder in respect of each $1,000 principal amount of Notes being converted a number  of shares of Common Stock equal to the Conversion Rate in effect on the Conversion Date;                                          56    

 

                           (B)   if the Company elects to satisfy its Conversion Obligation  in respect of such conversion by Cash Settlement, the Company shall pay to the converting  Holder in respect of each $1,000 principal amount of Notes being converted cash in an amount  equal to the sum of the Daily Conversion Values for each of the 40 consecutive Trading Days  during the related Observation Period; and                           (C)   if the Company elects (or is deemed to have elected) to  satisfy its Conversion Obligation in respect of such conversion by Combination Settlement, the  Company shall pay or deliver, as the case may be, in respect of each $1,000 principal amount of  Notes being converted, a Settlement Amount equal to the sum of the Daily Settlement Amounts  for each of the 40 consecutive Trading Days during the related Observation Period.                     (v)   The Daily Settlement Amounts (if applicable) and the Daily  Conversion Values (if applicable) shall be determined by the Company promptly following the  last day of the Observation Period. Promptly after such determination of the Daily Settlement  Amounts or the Daily Conversion Values, as the case may be, and the amount of cash payable in  lieu of delivering any fractional share of Common Stock, the Company shall notify the Trustee  and the Conversion Agent (if other than the Trustee) of the Daily Settlement Amounts or the  Daily Conversion Values, as the case may be, and the amount of cash payable in lieu of  delivering fractional shares of Common Stock. The Trustee and the Conversion Agent (if other  than the Trustee) shall have no responsibility for any such determination.               (b)   Subject to Section 14.02(e), before any Holder of a Note shall be entitled  to convert a Note as set forth above, such Holder shall (i) in the case of a Global Note, comply  with the procedures of the Depositary in effect at that time and, if required, pay funds equal to  interest payable on the next Interest Payment Date to which such Holder is not entitled as set  forth in Section 14.02(h) and (ii) in the case of a Physical Note (1) complete, manually sign and  deliver an irrevocable notice to the Conversion Agent as set forth in the Form of Notice of  Conversion (or a facsimile thereof) (a “Notice of Conversion”) at the office of the Conversion  Agent and state in writing therein the principal amount of Notes to be converted and the name or  names (with addresses) in which such Holder wishes the certificate or certificates for any shares  of Common Stock to be delivered upon settlement of the Conversion Obligation to be registered,  (2) surrender such Notes, duly endorsed to the Company or in blank (and accompanied by  appropriate endorsement and transfer documents), at the office of the Conversion Agent, (3) if  required, furnish appropriate endorsements and transfer documents and (4) if required, pay funds  equal to interest payable on the next Interest Payment Date to which such Holder is not entitled  as set forth in Section 14.02(h). The Trustee (and if different, the Conversion Agent) shall notify  the Company of any conversion pursuant to this Article 14 on the Conversion Date for such  conversion. No Notice of Conversion with respect to any Notes may be surrendered by a Holder  thereof if such Holder has also delivered a Fundamental Change Repurchase Notice to the  Company in respect of such Notes and has not validly withdrawn such Fundamental Change  Repurchase Notice in accordance with Section 15.03.         If more than one Note shall be surrendered for conversion at one time by the same  Holder, the Conversion Obligation with respect to such Notes shall be computed on the basis of  the aggregate principal amount of the Notes (or specified portions thereof to the extent permitted  thereby) so surrendered.                                         57    

 

               (c)   A Note shall be deemed to have been converted immediately prior to the  close of business on the date (the “Conversion Date”) that the Holder has complied with the  requirements set forth in subsection (b) above. Except as set forth in Section 14.03(c) and  Section 14.07(a), the Company shall pay or deliver, as the case may be, the consideration due in  respect of the Conversion Obligation on the second Business Day immediately following the  relevant Conversion Date, if the Company elects Physical Settlement, or on the second Business  Day immediately following the last Trading Day of the Observation Period, in the case of any  other Settlement Method. If any shares of Common Stock are due to a converting Holder, the  Company shall issue or cause to be issued, and deliver (if applicable) to such Holder, or such  Holder’s nominee or nominees, the full number of shares of Common Stock to which such  Holder shall be entitled, in book-entry format through the Depositary, in satisfaction of the  Company’s Conversion Obligation.               (d)   In case any Note shall be surrendered for partial conversion, the Company  shall execute and the Trustee shall authenticate and deliver to or upon the written order of the  Holder of the Note so surrendered a new Note or Notes in authorized denominations in an  aggregate principal amount equal to the unconverted portion of the surrendered Note, without  payment of any service charge by the converting Holder but, if required by the Company or  Trustee, with payment of a sum sufficient to cover any documentary, stamp or similar issue or  transfer tax or similar governmental charge required by law or that may be imposed in  connection therewith as a result of the name of the Holder of the new Notes issued upon such  conversion being different from the name of the Holder of the old Notes surrendered for such  conversion.               (e)   If a Holder submits a Note for conversion, the Company shall pay any  documentary, stamp or similar issue or transfer tax due on the issue of any shares of Common  Stock upon conversion, unless the tax is due because the Holder requests such shares to be issued  in a name other than the Holder’s name, in which case the Holder shall pay that tax. The  Company may refuse to deliver the certificates representing the shares of Common Stock being  issued in a name other than the Holder’s name until the Trustee receives a sum sufficient to pay  any tax that is due by such Holder in accordance with the immediately preceding sentence.               (f)   Except as provided in Section 14.04, no adjustment shall be made for  dividends on any shares of Common Stock issued upon the conversion of any Note as provided  in this Article 14.               (g)   Upon the conversion of an interest in a Global Note, the Trustee, or the  Custodian at the direction of the Trustee, shall make a notation on such Global Note as to the  reduction in the principal amount represented thereby. The Company shall notify the Trustee in  writing of any conversion of Notes effected through any Conversion Agent other than the  Trustee.               (h)   Upon conversion, a Holder shall not receive any separate cash payment for  accrued and unpaid interest, if any, except as set forth below. The Company’s settlement of the  full Conversion Obligation shall be deemed to satisfy in full its obligation to pay the principal  amount of the Note and accrued and unpaid interest, if any, to, but not including, the relevant  Conversion Date. As a result, accrued and unpaid interest, if any, to, but not including, the                                         58    

 

   relevant Conversion Date shall be deemed to be paid in full rather than cancelled, extinguished  or forfeited. Upon a conversion of Notes into a combination of cash and shares of Common  Stock, accrued and unpaid interest will be deemed to be paid first out of the cash paid upon such  conversion. Notwithstanding the foregoing, if Notes are converted after the close of business on  a Regular Record Date, Holders of such Notes as of the close of business on such Regular  Record Date will receive the full amount of interest payable on such Notes on the corresponding  Interest Payment Date notwithstanding the conversion. Notes surrendered for conversion during  the period from the close of business on any Regular Record Date to the open of business on the  immediately following Interest Payment Date, however, must be accompanied by funds equal to  the amount of interest payable on the Notes so converted; provided that no such payment shall be  required (1) for conversions following the Regular Record Date immediately preceding the  Maturity Date; (2) if the Company has specified a Redemption Date that is after a Regular  Record Date and on or prior to the Business Day immediately following the corresponding  Interest Payment Date; (3) if the Company has specified a Fundamental Change Repurchase  Date that is after a Regular Record Date and on or prior to the Business Day immediately  following the corresponding Interest Payment Date; or (4) to the extent of any Defaulted  Amounts, if any Defaulted Amounts exists at the time of conversion with respect to such Note.  Therefore, for the avoidance of doubt, all Holders of record on the Regular Record Date  immediately preceding the Maturity Date shall receive the full interest payment due on the  Maturity Date in cash regardless of whether their Notes have been converted following such  Regular Record Date.               (i)   The Person in whose name the shares of Common Stock shall be issuable  upon conversion shall become a stockholder of record as of the close of business on the relevant  Conversion Date (if the Company elects to satisfy the related Conversion Obligation by Physical  Settlement) or the last Trading Day of the relevant Observation Period (if the Company elects to  satisfy the related Conversion Obligation by Combination Settlement), as the case may be. Upon  a conversion of Notes, such Person shall no longer be a Holder of such Notes surrendered for  conversion.               (j)   The Company shall not issue any fractional share of Common Stock upon  conversion of the Notes and shall instead pay cash in lieu of delivering any fractional share of  Common Stock issuable upon conversion based on the Daily VWAP for the relevant Conversion  Date (in the case of Physical Settlement) or based on the Daily VWAP for the last Trading Day  of the relevant Observation Period (in the case of Combination Settlement). For each Note  surrendered for conversion, if the Company has elected Combination Settlement, the full number  of shares that shall be issued upon conversion thereof shall be computed on the basis of the  aggregate Daily Settlement Amounts for the relevant Observation Period and any fractional  shares remaining after such computation shall be paid in cash.         14.03 Increased Conversion Rate Applicable to Certain Notes Surrendered in  Connection with Make-Whole Fundamental Changes or Notices of Redemption. (a)  If (x)  the Effective Date of a Make-Whole Fundamental Change occurs prior to the Maturity Date or  (y) the Company gives a Notice of Redemption with respect to any or all of the Notes in  accordance with Section 16.02 and, in each case, a Holder elects to convert its Notes in  connection with such Make-Whole Fundamental Change or Notice of Redemption, as applicable,  the Company shall, under the circumstances described below, increase the Conversion Rate for                                         59    

 

   the Notes so surrendered for conversion by a number of additional shares of Common Stock (the  “Additional Shares”), as described below. A conversion of Notes shall be deemed for these  purposes to be “in connection with” such Make-Whole Fundamental Change if the relevant  Notice of Conversion is received by the Conversion Agent from, and including, the Effective  Date of the Make-Whole Fundamental Change up to, and including, the Business 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 (b) of the definition thereof, the 35th Trading Day immediately following the  Effective Date of such Make-Whole Fundamental Change) (such period, the “Make-Whole  Fundamental Change Period”). A conversion of Notes shall be deemed for these purposes to  be “in connection with” a Notice of Redemption if the relevant Notice of Conversion is received  by the Conversion Agent from, and including, the date of the Notice of Redemption until the  close of business on the Scheduled Trading Day immediately preceding corresponding  Redemption Date.               (b)   Upon surrender of Notes for conversion in connection with a Make-Whole  Fundamental Change pursuant to Section 14.01(b)(iii) or Notice of Redemption pursuant to  Section 14.01(b)(v), the Company shall, at its option, satisfy the related Conversion Obligation  by Physical Settlement, Cash Settlement or Combination Settlement in accordance with Section  14.02; provided, however, that if, at the effective time of a Make-Whole Fundamental Change  described in clause (b) of the definition of Fundamental Change, the Reference Property  following such Make-Whole Fundamental Change is composed entirely of cash, for any  conversion of Notes following the Effective Date of such Make-Whole Fundamental Change, the  Conversion Obligation shall be calculated based solely on the Stock Price for the transaction and  shall be deemed to be an amount of cash per $1,000 principal amount of converted Notes equal  to the Conversion Rate (including any adjustment for Additional Shares), multiplied by such  Stock Price. In such event, the Conversion Obligation shall be paid to Holders in cash on the  second Business Day following the Conversion Date. The Company shall notify the Holders of  Notes, the Trustee and the Conversion Agent of the Effective Date of any Make-Whole  Fundamental Change and issue a press release announcing such Effective Date no later than five  Business Days after such Effective Date.               (c)   The number of Additional Shares, if any, by which the Conversion Rate  shall be increased shall be determined by reference to the table below, based on the date on  which the Make-Whole Fundamental Change occurs or becomes effective, or the date of the  relevant Notice of Redemption, as the case may be (in each case, the “Effective Date”), and the  price paid (or deemed to be paid) per share of the Common Stock in the Make-Whole  Fundamental Change or with respect to the Optional Redemption, as the case may be (the “Stock  Price”). If the holders of the Common Stock receive in exchange for their Common Stock only  cash in a Make-Whole Fundamental Change described in clause (b) of the definition of  Fundamental Change, the Stock Price shall be the cash amount paid per share. Otherwise, the  Stock Price shall be the average of the Last Reported Sale Prices of the Common Stock over the  five Trading Day period ending on, and including, the Trading Day immediately preceding the  Effective Date of the Make-Whole Fundamental Change or the date of the Notice of  Redemption, as the case may be. The Board of Directors shall make appropriate adjustments to  the Stock Price, in its good faith determination, to account for any adjustment to the Conversion  Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate where                                         60    

 

       the Ex-Dividend Date, Effective Date (as such term is used in Section 14.04) or expiration date    of the event occurs during such five consecutive Trading Day period. In the event that a    conversion would be deemed to be in connection with a Make-Whole Fundamental Change and a    Notice of Redemption, a Holder of the Notes to be converted will be entitled to a single increase    to the Conversion Rate with respect to the first to occur of the Effective Date of the Notice of    Redemption or the Make-Whole Fundamental Change, as applicable, and the later event will be    deemed not to have occurred for purposes of this Section 14.03.                 (d)   The Stock Prices set forth in the column headings of the table below shall    be adjusted as of any date on which the Conversion Rate of the Notes is otherwise adjusted. The    adjusted Stock Prices shall equal the Stock Prices applicable immediately prior to such    adjustment, multiplied by a fraction, the numerator of which is the Conversion Rate immediately    prior to such adjustment giving rise to the Stock Price adjustment and the denominator of which    is the Conversion Rate as so adjusted. The number of Additional Shares set forth in the table    below shall be adjusted in the same manner and at the same time as the Conversion Rate as set    forth in Section 14.04.                 (e)   The following table sets forth the number of Additional Shares of    Common Stock by which the Conversion Rate shall be increased per $1,000 principal amount of    Notes pursuant to this Section 14.03 for each Stock Price and Effective Date set forth below:                                          Stock Price  Effective           $26.58 $30.00 $33.23 $35.00 $40.00 $43.19 $50.00 $75.00 $100.00 $125.00 $150.00 $200.00 $250.00 $350.00  Date  May 22,           7.5244 6.9340 5.9828 5.5560 4.6055 4.1431 3.3978 1.9924 1.3564 0.9866 0.7423 0.4369 0.2525 0.0404  2020  May 15,           7.5244 6.6180 5.6398 5.2066 4.2573 3.8039 3.0874 1.7863 1.2154 0.8863 0.6693 0.3981 0.2344 0.0404  2021  May 15,           7.5244 6.2543 5.2398 4.7980 3.8495 3.4082 2.7280 1.5528 1.0567 0.7726 0.5855 0.3517 0.2106 0.0404  2022  May 15,           7.5244 5.8483 4.7812 4.3263 3.3765 2.9498 2.3160 1.2935 0.8815 0.6467 0.4919 0.2981 0.1812 0.0404  2023  May 15,           7.5244 5.3917 4.2435 3.7686 2.8163 2.4107 1.8410 1.0085 0.6903 0.5085 0.3881 0.2374 0.1464 0.0404  2024  May 15,           7.5244 4.8483 3.5703 3.0660 2.1208 1.7546 1.2872 0.6977 0.4812 0.3558 0.2725 0.1680 0.1050 0.0328  2025  May 15,           7.5244 4.1377 2.6115 2.0677 1.2010 0.9338 0.6540 0.3627 0.2524 0.1873 0.1438 0.0894 0.0566 0.0190  2026  May 15,           7.5244 3.2357 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000  2027           The exact Stock Price and Effective Date may not be set forth in the table above, in    which case:                       (i)   if the Stock Price is between two Stock Prices in the table above or    the Effective Date is between two Effective Dates in the table, the number of Additional Shares    shall be determined by a straight-line interpolation between the number of Additional Shares set                                           61      

 

   forth for the higher and lower Stock Prices and the earlier and later Effective Dates, as  applicable, based on a 365-day year;                     (ii)  if the Stock Price is greater than $350.00 per share (subject to  adjustment in the same manner as the Stock Prices set forth in the column headings of the table  above pursuant to subsection (d) above), no Additional Shares shall be added to the Conversion  Rate; and                     (iii) if the Stock Price is less than $26.58 per share (subject to  adjustment in the same manner as the Stock Prices set forth in the column headings of the table  above pursuant to subsection (d) above), no Additional Shares shall be added to the Conversion  Rate.         Notwithstanding the foregoing, in no event shall the Conversion Rate per $1,000  principal amount of Notes exceed 37.6222 shares of Common Stock, subject to adjustment in the  same manner as the Conversion Rate pursuant to Section 14.04.               (f)   Nothing in this Section 14.03 shall prevent an adjustment to the  Conversion Rate pursuant to Section 14.04 in respect of a Make-Whole Fundamental Change.         14.04 Adjustment of Conversion Rate. The Conversion Rate shall be adjusted from  time to time by the Company if any of the following events occurs, except that the Company  shall not make any adjustments to the Conversion Rate if Holders of the Notes participate (other  than in the case of (x) a share split or share combination or (y) a tender or exchange offer), at the  same time and upon the same terms as holders of the Common Stock and solely as a result of  holding the Notes, in any of the transactions described in this Section 14.04, without having to  convert their Notes, as if they held a number of shares of Common Stock equal to the Conversion  Rate, multiplied by the principal amount (expressed in thousands) of Notes held by such Holder.               (a)   If the Company exclusively issues shares of Common Stock as a dividend  or distribution on shares of the Common Stock, or if the Company effects a share split or share  combination, the Conversion Rate shall be adjusted based on the following formula:                                                          1                         1                            OS                        CR       =      CR0      x                                                       OS0        where,   CR0 = the Conversion 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 share split or share combination, as applicable;   CR1 = the Conversion Rate in effect immediately after the open of business on such Ex-       Dividend Date or Effective Date;                                          62    

 

    OS0 = the number of shares of Common Stock outstanding immediately prior to the open of        business on such Ex-Dividend Date or Effective Date (before giving effect to any such        dividend, distribution, share split or share combination); and   OS1 = the number of shares of Common Stock outstanding immediately after giving effect to        such dividend, distribution, share split or share combination.         Any adjustment made under this Section 14.04(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 share split or share  combination, as applicable. If any dividend, distribution, share split or share combination of the  type described in this Section 14.04(a) is declared or announced but not so paid or made, the  Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors  determines not to pay such dividend or distribution or to effect such share split or share  combination, to the Conversion Rate that would then be in effect if such dividend, distribution,  share split or share combination had not been declared or announced.               (b)   If the Company issues to all or substantially all holders of the Common  Stock any rights, options or warrants entitling them, for a period of not more than 45 calendar  days after the announcement date of such issuance, to subscribe for or purchase shares of the  Common Stock at a price per share that is less than the average of the Last Reported Sale Prices  of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the  Trading Day immediately preceding the date of announcement of such issuance, the Conversion  Rate shall be increased based on the following formula:        where,                          1                         OS0+X                      CR      =      CR0 x                                                   OS0+Y           CR0  the Conversion Rate in effect immediately prior to the open of business on the Ex- =    Dividend Date for such issuance;   CR1  the Conversion Rate in effect immediately after the open of business on such Ex- =    Dividend Date;   OS0 = the number of shares of Common Stock outstanding immediately prior to the open       of business on such Ex-Dividend Date;   X =  the total number of shares of Common Stock issuable pursuant to such rights,       options or warrants; and   Y =  the number of shares of Common Stock 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 Common Stock over the 10 consecutive Trading Day                                         63    

 

        period ending on, and including, the Trading Day immediately preceding the date of       announcement of the issuance of such rights, options or warrants.         Any increase made under this Section 14.04(b) shall 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 shares of the Common  Stock are not delivered after the expiration of such rights, options or warrants, the Conversion  Rate shall be decreased to the Conversion 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 shares of Common Stock actually delivered. If such rights, options or  warrants are not so issued, the Conversion Rate shall be decreased to the Conversion Rate that  would then be in effect if such Ex-Dividend Date for such issuance had not occurred.         For purposes of this Section 14.04(b) and for the purpose of Section 14.01(b)(ii)(A), in  determining whether any rights, options or warrants entitle the holders to subscribe for or  purchase shares of the Common Stock at less than such average of the Last Reported Sale Prices  of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the  Trading Day immediately preceding the date of announcement for such issuance, and in  determining the aggregate offering price of such shares of Common Stock, there shall be taken  into account any consideration received by the Company for such rights, options or warrants and  any amount payable on exercise or conversion thereof, the value of such consideration, if other  than cash, to be determined by the Board of Directors.               (c)   If the Company distributes shares of its Capital Stock, evidences of its  indebtedness, other assets or property of the Company or rights, options or warrants to acquire its  Capital Stock or other securities, to all or substantially all holders of the Common Stock,  excluding (i) dividends, distributions or issuances as to which an adjustment was effected  pursuant to Section 14.04(a) or Section 14.04(b), (ii) dividends or distributions paid exclusively  in cash as to which the provisions set forth in Section 14.04(d) shall apply, (iii) except as  otherwise provided in Section 14.11, rights issued under a stockholder rights plan of the  Company, (iv) distributions of Reference Property in exchange for or upon conversion of the  Common Stock in a Share Exchange Event and (v) Spin-Offs as to which the provisions set forth  below in this Section 14.04(c) shall apply (any of such shares of Capital Stock, evidences of  indebtedness, other assets or property or rights, options or warrants to acquire Capital Stock or  other securities, the “Distributed Property”), then the Conversion Rate shall be increased based  on the following formula:         where,                         1                         SP0                     CR     =    CR0    x                                               SP0 - FMV    CR0  the Conversion Rate in effect immediately prior to the open of business on the Ex- =    Dividend Date for such distribution;                                          64    

 

   CR1  the Conversion 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 Common Stock 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 Board of Directors) of the Distributed  =    Property distributed to holders of the outstanding Common Stock applicable to one       share of the Common Stock on the Ex-Dividend Date for such distribution.         Any increase made under the portion of this Section 14.04(c) above shall 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 Conversion Rate shall be decreased to the  Conversion Rate that would then be in effect if such distribution had not been declared.  Notwithstanding the foregoing, if “FMV” (as defined above) is equal to or greater than “SP0” (as  defined above), in lieu of the foregoing increase, each Holder of a Note shall receive, in respect  of each $1,000 principal amount thereof, at the same time and upon the same terms as holders of  the Common Stock receive the Distributed Property, the amount and kind of Distributed Property  such Holder would have received if such Holder owned a number of shares of Common Stock  equal to the Conversion Rate in effect on the Ex-Dividend Date for the distribution. If the Board  of Directors determines the “FMV” (as defined above) of any distribution for purposes of this  Section 14.04(c) by reference to the actual or when-issued trading market for any securities, it  shall in doing so consider the prices in such market over the same period used in computing the  Last Reported Sale Prices of the Common Stock over the 10 consecutive Trading Day period  ending on, and including, the Trading Day immediately preceding the Ex-Dividend Date for such  distribution.         With respect to an adjustment pursuant to this Section 14.04(c) where there has been a  payment of a dividend or other distribution on the Common Stock of shares of Capital Stock of  any class or series, or similar equity interest, of or relating to a Subsidiary or other business unit  of the Company, that are, or, when issued, will be, listed or admitted for trading on a U.S.  national securities exchange (a “Spin-Off”), the Conversion Rate shall be increased based on the  following formula:                       1                       FMV0 +MP0                   CR      =  CR0     x                                                 MP0         where,   CR0 = the Conversion Rate in effect immediately prior to the end of the Valuation Period;   CR1 = the Conversion Rate in effect immediately after the end of the Valuation Period;                                          65    

 

    FMV0  the average of the Last Reported Sale Prices of the Capital Stock or similar equity  =     interest distributed to holders of the Common Stock applicable to one share of the        Common Stock (determined by reference to the definition of Last Reported Sale Price        as set forth in Section 1.01 as if references therein to Common Stock were to such        Capital Stock 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 Common Stock over the Valuation        Period.         The increase to the Conversion Rate under the preceding paragraph shall occur at the  close of business on the last Trading Day of the Valuation Period; provided that (x) in respect of  any conversion of Notes for which Physical Settlement is applicable, if the relevant Conversion  Date occurs during the Valuation Period, references to “10” in the preceding paragraph shall be  deemed to be replaced with such lesser number of Trading Days as have elapsed from, and  including, the Ex-Dividend Date of such Spin-Off to, and, including, the Conversion Date in  determining the Conversion Rate and (y) in respect of any conversion of Notes for which Cash  Settlement or Combination Settlement is applicable, for any Trading Day that falls within the  relevant Observation Period for such conversion and within the Valuation Period, references to  “10” in the preceding paragraph shall be deemed to be replaced with such lesser number of  Trading Days as have elapsed from, and including, the Ex-Dividend Date of such Spin-Off to,  and including, such Trading Day in determining the Conversion Rate as of such Trading Day.         For purposes of this Section 14.04(c) (and subject in all respect to Section 14.11), rights,  options or warrants distributed by the Company to all holders of the Common Stock entitling  them to subscribe for or purchase shares of the Company’s Capital Stock, including Common  Stock (either initially or under certain circumstances), which rights, options or warrants, until the  occurrence of a specified event or events (“Trigger Event”): (i) are deemed to be transferred  with such shares of the Common Stock; (ii) are not exercisable; and (iii) are also issued in  respect of future issuances of the Common Stock, shall be deemed not to have been distributed  for purposes of this Section 14.04(c) (and no adjustment to the Conversion Rate under this  Section 14.04(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 Conversion Rate shall be made under this Section 14.04(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 date of distribution and 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 Conversion Rate under this Section 14.04(c) was made, (1) in the                                         66    

 

   case of any such rights, options or warrants that shall all have been redeemed or purchased  without exercise by any holders thereof, upon such final redemption or purchase (x) the  Conversion Rate shall be readjusted as if such rights, options or warrants had not been issued and  (y) the Conversion 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 redemption or purchase price received by a holder or holders of Common Stock  with respect to such rights, options or warrants (assuming such holder had retained such rights,  options or warrants), made to all holders of Common Stock as of the date of such redemption or  purchase, and (2) in the case of such rights, options or warrants that shall have expired or been  terminated without exercise by any holders thereof, the Conversion Rate shall be readjusted as if  such rights, options and warrants had not been issued.         For purposes of Section 14.04(a), Section 14.04(b) and this Section 14.04(c), if any  dividend or distribution to which this Section 14.04(c) is applicable also includes one or both of:                           (A)   a dividend or distribution of shares of Common Stock to  which Section 14.04(a) is applicable (the “Clause A Distribution”); or                           (B)   a dividend or distribution of rights, options or warrants to  which Section 14.04(b) is applicable (the “Clause B Distribution”),         then, in either case, (1) 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 14.04(c) is applicable (the “Clause C Distribution”) and any Conversion Rate  adjustment required by this Section 14.04(c) with respect to such Clause C Distribution shall  then be made, and (2) the Clause A Distribution and Clause B Distribution shall be deemed to  immediately follow the Clause C Distribution and any Conversion Rate adjustment required by  Section 14.04(a) and Section 14.04(b) with respect thereto shall then be made, except that, if  determined by the Company (I) the “Ex-Dividend Date” of the Clause A Distribution and the  Clause B Distribution shall be deemed to be the Ex-Dividend Date of the Clause C Distribution  and (II) any shares of Common Stock included in the Clause A Distribution or Clause B  Distribution shall be deemed not to be “outstanding immediately prior to the open of business on  such Ex-Dividend Date or Effective Date” within the meaning of Section 14.04(a) or  “outstanding immediately prior to the open of business on such Ex-Dividend Date” within the  meaning of Section 14.04(b).               (d)   If any cash dividend or distribution is made to all or substantially all  holders of the Common Stock, the Conversion Rate shall be adjusted based on the following  formula:                          1                          SP0                      CR      =     CR0    x                                                   SP0 - C        where,   CR0 = the Conversion Rate in effect immediately prior to the open of business on the Ex-       Dividend Date for such dividend or distribution;                                         67    

 

   CR1 = the Conversion 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 Common Stock on the Trading Day immediately        preceding the Ex-Dividend Date for such dividend or distribution; and   C =   the amount in cash per share the Company distributes to all or substantially all        holders of the Common Stock.         Any increase pursuant to this Section 14.04(d) 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 Conversion Rate shall be decreased, effective as of the date the  Board of Directors determines not to make or pay such dividend or distribution, to be the  Conversion Rate that would then be in effect if such dividend or distribution had not been  declared. Notwithstanding the foregoing, if “C” (as defined above) is equal to or greater than  “SP0” (as defined above), in lieu of the foregoing increase, each Holder of a Note shall receive,  for each $1,000 principal amount of Notes, at the same time and upon the same terms as holders  of shares of the Common Stock, the amount of cash that such Holder would have received if  such Holder owned a number of shares of Common Stock equal to the Conversion Rate on the  Ex-Dividend Date for such cash dividend or distribution.               (e)   If the Company or any of its Subsidiaries make a payment in respect of a  tender or exchange offer for the Common Stock, to the extent that the cash and value of any  other consideration included in the payment per share of the Common Stock exceeds the average  of the Last Reported Sale Prices of the Common Stock 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 or exchange offer, the Conversion  Rate shall be increased based on the following formula:                                                   1    1                      1                  AC + (SP  x OS )                     CR   =  CR0   x                 1                                            OS0 x SP         where,   CR0 = the Conversion 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 or exchange offer expires;   ``    the Conversion 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 or exchange offer expires;   AC =  the aggregate value of all cash and any other consideration (as determined by the Board of        Directors) paid or payable for shares of Common Stock purchased in such tender or        exchange offer;                                          68    

 

    OS0 = the number of shares of Common Stock outstanding immediately prior to the date such        tender or exchange offer expires (prior to giving effect to the purchase of all shares of        Common Stock accepted for purchase or exchange in such tender or exchange offer);   OS1 = the number of shares of Common Stock outstanding immediately after the date such tender        or exchange offer expires (after giving effect to the purchase of all shares of Common Stock        accepted for purchase or exchange in such tender or exchange offer); and   SP1 = the average of the Last Reported Sale Prices of the Common Stock 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 increase to the Conversion Rate under this Section 14.04(e) shall occur at the close  of business on the 10th Trading Day immediately following, and including, the Trading Day next  succeeding the date such tender or exchange offer expires; provided that (x) in respect of any  conversion of Notes for which Physical Settlement is applicable, if the relevant Conversion 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 “10” or “10th” in  the preceding paragraph shall be deemed replaced with such lesser number of Trading Days as  have elapsed from, and including, the Trading Day next succeeding the date that such tender or  exchange offer expires to, and including, the Conversion Date in determining the Conversion  Rate and (y) in respect of any conversion of Notes for which Cash Settlement or Combination  Settlement is applicable, for any Trading Day that falls within the relevant Observation Period  for such conversion and within the 10 Trading Days immediately following, and including, the  Trading Day next succeeding the expiration date of any tender or exchange offer, references to  “10” or “10th” in the preceding paragraph shall be deemed replaced with such lesser number of  Trading Days as have elapsed from, and including, the Trading Day next succeeding the  expiration date of such tender or exchange offer to, and including, such Trading Day in  determining the Conversion Rate as of such Trading Day.               (f)   Notwithstanding this Section 14.04 or any other provision of this  Indenture or the Notes, if:                     (i)   a Note is to be converted pursuant to Physical Settlement or  Combination Settlement;                     (ii)  the Record Date or Effective Date for any event that requires an  adjustment to the Conversion Rate pursuant to the provisions described in clauses (a) through  (e), inclusive, of this Section 14.04 has occurred on or before the Conversion Date for such  conversion (in the case of Physical Settlement) or on or before any Trading Day in the  Observation Period for such conversion (in the case of Combination Settlement), but an  adjustment to the Conversion Rate for such event has not yet become effective as of such  Conversion Date or Trading Day, as applicable;                     (iii) the consideration due upon such conversion (in the case of  Physical Settlement) or due in respect of such Trading Day (in the case of Combination  Settlement) includes any whole shares of Common Stock; and                                         69    

 

                     (iv)  such shares are not entitled to participate in such event (because  they were not held on the related Record Date or otherwise),   then, solely for purposes of such conversion, the Company will, without duplication, give effect  to such adjustment on such Conversion Date (in the case of Physical Settlement) or such Trading  Day (in the case of Combination Settlement), and, for the avoidance of doubt, such shares will  not be entitled to participate in such event.  In such case, if the date the Company is otherwise  required to deliver the consideration due upon such conversion is before the first date on which  the amount of such adjustment can be determined, then the Company will delay the settlement of  such conversion until the second Business Day after such first date.               (g)   Notwithstanding this Section 14.04 or any other provision of this  Indenture or the Notes, if:                     (i)   a Conversion Rate adjustment for any dividend or distribution  becomes effective on any Ex-Dividend Date pursuant to the provisions described above;                     (ii)  a Note is to be converted pursuant to Physical Settlement or  Combination Settlement;                     (iii) the Conversion Date for such conversion (in the case of Physical  Settlement) or any Trading Day in the Observation Period for such conversion (in the case of  Combination Settlement) occurs on or after such Ex-Dividend Date and on or before the related  Record Date;                     (iv)  the consideration due upon such conversion (in the case of  Physical Settlement) or due with respect to such Trading Day (in the case of Combination  Settlement) includes any whole shares of the Common Stock based on a Conversion Rate that is  adjusted for such dividend or distribution; and                     (v)   such shares would be entitled to participate in such dividend or  distribution,   then, (x) such Conversion Rate adjustment will not be given effect for such conversion (in the  case of Physical Settlement) or for such Trading Day (in the case of Combination Settlement);  and (y) the shares of Common Stock, if any, issuable upon such conversion (in the case of  Physical Settlement) or issuable with respect to such Trading Day (in the case of Combination  Settlement) based on such unadjusted Conversion Rate will be entitled to participate in such  dividend or distribution.               (h)   Except as stated herein, the Company shall not adjust the Conversion Rate  for the issuance of shares of the Common Stock or any securities convertible into or  exchangeable for shares of the Common Stock or the right to purchase shares of the Common  Stock or such convertible or exchangeable securities.               (i)   In addition to those adjustments required by clauses (a), (b), (c), (d) and  (e) of this Section 14.04, and to the extent permitted by applicable law and subject to the  applicable listing standards of The Nasdaq Global Select Market, the Company from time to time                                         70    

 

   may increase the Conversion 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 Company’s best interest. In  addition, to the extent permitted by applicable law and subject to the applicable listing standards  of The Nasdaq Global Select Market, the Company may (but is not required to) increase the  Conversion Rate to avoid or diminish any income tax to holders of Common Stock or rights to  purchase Common Stock in connection with a dividend or distribution of shares of Common  Stock (or rights to acquire shares of Common Stock) or similar event. Whenever the Conversion  Rate is increased pursuant to either of the preceding two sentences, the Company shall deliver to  the Holder of each Note a notice of the increase at least 15 days prior to the date the increased  Conversion Rate takes effect, and such notice shall state the increased Conversion Rate and the  period during which it will be in effect.               (j)   Notwithstanding anything to the contrary in this Article 14, the  Conversion Rate shall not be adjusted:                     (i)   upon the issuance of any shares of Common Stock pursuant to any  present or future plan providing for the reinvestment of dividends or interest payable on the  Company’s securities and the investment of additional optional amounts in shares of Common  Stock under any plan;                     (ii)  upon the issuance of any shares of Common Stock or options or  rights to purchase those shares pursuant to any present or future employee, director or consultant  benefit plan or program of or assumed by the Company or any of the Company’s Subsidiaries;                     (iii) upon the issuance of any shares of the Common Stock pursuant to  any option, warrant, right or exercisable, exchangeable or convertible security not described in  clause (ii) of this subsection and outstanding as of the date the Notes were first issued;                     (iv)  solely for a change in the par value of the Common Stock; or                     (v)   for accrued and unpaid interest, if any.               (k)   All calculations and other determinations under this Article 14 shall be  made by the Company and shall be made to the nearest one-ten thousandth (1/10,000th) of a  share.               (l)   Notwithstanding this Section 14.04 or any other provision of this  Indenture or the Notes, the Company shall not be required to adjust the Conversion Rate  pursuant to this Section 14.04 unless such adjustment would result in a change of at least 1% in  the then-effective Conversion Rate; provided that any such adjustments to the Conversion Rate  that the Company would otherwise have to make shall be carried forward and taken into account  in any subsequent adjustment; provided further that any such carried-forward adjustments shall  be made upon the earliest to occur of the following: (i) when all such deferred adjustments would  result in an aggregate change of at least 1% to the then-effective Conversion Rate, (ii) (x) the  Conversion Date for any Notes (in the case of any Physical Settlement or any conversion  following a replacement of the Common Stock by Reference Property consisting solely of cash)  or (y) each Trading Day of any Observation Period (in the case of Cash Settlement or                                         71    

 

   Combination Settlement), (iii) the Effective Date for any Fundamental Change and/or Make- Whole Fundamental Change and (iv) February 15, 2027.               (m)   Whenever the Conversion Rate is adjusted as herein provided, the  Company shall promptly file with the Trustee (and the Conversion Agent if not the Trustee) an  Officers’ Certificate setting forth the Conversion Rate after such adjustment and setting forth a  brief statement of the facts requiring such adjustment. Unless and until a Responsible Officer of  the Trustee shall have received such Officers’ Certificate, the Trustee shall not be deemed to  have knowledge of any adjustment of the Conversion Rate and may assume without inquiry that  the last Conversion Rate of which it has knowledge is still in effect. Promptly after delivery of  such certificate, the Company shall prepare a notice of such adjustment of the Conversion Rate  setting forth the adjusted Conversion Rate and the date on which each adjustment becomes  effective and shall deliver such notice of such adjustment of the Conversion Rate to each Holder.  Failure to deliver such notice shall not affect the legality or validity of any such adjustment.               (n)   For purposes of this Section 14.04, the number of shares of Common  Stock at any time outstanding shall not include shares of Common Stock held in the treasury of  the Company so long as the Company does not pay any dividend or make any distribution on  shares of Common Stock held in the treasury of the Company, but shall include shares of  Common Stock issuable in respect of scrip certificates issued in lieu of fractions of shares of  Common Stock.         14.05 Adjustments of Prices. Whenever any provision of this Indenture requires the  Company to calculate the Last Reported Sale Prices, the Daily VWAPs, the Daily Conversion  Values or the Daily Settlement Amounts over a span of multiple days (including, without  limitation, an Observation Period and the period for determining the Stock Price for purposes of  a Make-Whole Fundamental Change or Optional Redemption), the Board of Directors shall  make appropriate adjustments to each to account for any adjustment to the Conversion Rate that  becomes effective, or any event requiring an adjustment to the Conversion Rate where the Ex- Dividend Date, Effective Date or expiration date, as the case may be, of the event occurs, at any  time during the period when the Last Reported Sale Prices, the Daily VWAPs, the Daily  Conversion Values or the Daily Settlement Amounts are to be calculated.         14.06 Shares to Be Fully Paid. The Company shall provide, free from preemptive  rights, out of its authorized but unissued shares or shares held in treasury, sufficient shares of  Common Stock to provide for conversion of the Notes from time to time as such Notes are  presented for conversion (assuming delivery of the maximum number of Additional Shares  pursuant to Section 14.03 and that at the time of computation of such number of shares, all such  Notes would be converted by a single Holder and that Physical Settlement were applicable).         14.07 Effect of Recapitalizations, Reclassifications and Changes of the Common  Stock.               (a)   In the case of:                                          72    

 

                     (i)   any recapitalization, reclassification or change of the Common  Stock (other than changes resulting from a subdivision or combination or a change of par value  or to no par value),                     (ii)  any consolidation, merger, combination or similar transaction  involving the Company,                     (iii) any sale, lease or other transfer to a third party of the consolidated  assets of the Company and the Company’s Subsidiaries substantially as an entirety or                     (iv)  any statutory share exchange,         in each case, as a result of which the Common Stock would be converted into, or  exchanged for, stock, other securities, other property or assets (including cash or any  combination thereof) (any such event, a “Share Exchange Event”), then, at and after the  effective time of such Share Exchange Event, the right to convert each $1,000 principal amount  of Notes shall be changed into a right to convert such principal amount of Notes into 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 shares of Common Stock equal to the  Conversion Rate immediately prior to such Share Exchange Event would have owned or been  entitled to receive (the “Reference Property,” with each “unit of Reference Property” meaning  the kind and amount of Reference Property that a holder of one share of Common Stock is  entitled to receive) upon such Share Exchange Event and, prior to or at the effective time of such  Share Exchange Event, the Company or the successor or purchasing Person, as the case may be,  shall execute with the Trustee a supplemental indenture permitted under Section 10.01(g)  providing for such change in the right to convert each $1,000 principal amount of Notes;  provided, however, that at and after the effective time of the Share Exchange Event (A) the  Company shall continue to have the right to determine the form of consideration to be paid or  delivered, as the case may be, upon conversion of Notes in accordance with Section 14.02 and  (B) (I) any amount payable in cash upon conversion of the Notes in accordance with Section  14.02 shall continue to be payable in cash, (II) any shares of Common Stock that the Company  would have been required to deliver upon conversion of the Notes in accordance with Section  14.02 shall instead be deliverable in the amount and type of Reference Property that a holder of  that number of shares of Common Stock would have been entitled to receive in such Share  Exchange Event and (III) the Daily VWAP shall be calculated based on the value of a unit of  Reference Property.         If the Share Exchange Event causes the Common Stock to be converted into, or  exchanged for, the right to receive more than a single type of consideration (determined based in  part upon any form of stockholder election), then (i) the Reference Property into which the Notes  will be convertible shall be deemed to be the weighted average of the types and amounts of  consideration actually received by the holders of Common Stock, and (ii) the unit of Reference  Property for purposes of the immediately preceding paragraph shall refer to the consideration  referred to in clause (i) attributable to one share of Common Stock. If the holders of the Common  Stock receive only cash in such Share Exchange Event, then for all conversions for which the  relevant Conversion Date occurs after the effective date of such Share Exchange Event (A) the  consideration due upon conversion of each $1,000 principal amount of Notes shall be solely cash                                         73    

 

   in an amount equal to the Conversion Rate in effect on the Conversion Date (as may be increased  by any Additional Shares pursuant to Section 14.03), multiplied by the price paid per share of  Common Stock in such Share Exchange Event and (B) the Company shall satisfy the Conversion  Obligation by paying cash to converting Holders on the second Business Day immediately  following the relevant Conversion Date. The Company shall notify Holders, the Trustee and the  Conversion Agent (if other than the Trustee) of such weighted average as soon as practicable  after such determination is made.         Such supplemental indenture described in the second immediately preceding paragraph  shall provide for anti-dilution and other adjustments that shall be as nearly equivalent as is  possible to the adjustments provided for in this Article 14. If, in the case of any Share Exchange  Event, the Reference Property includes shares of stock, securities or other property or assets  (including cash or any combination thereof) of a Person other than the successor or purchasing  corporation, as the case may be, in such Share Exchange Event, then such other Person shall also  be required to execute such supplemental indenture, and such supplemental indenture shall  contain such additional provisions to protect the interests of the Holders of the Notes as the  Board of Directors shall reasonably consider necessary by reason of the foregoing, including the  provisions providing for the purchase rights set forth in Article 15.               (b)   When the Company executes a supplemental indenture pursuant to  subsection (a) of this Section 14.07, the Company shall promptly file with the Trustee an  Officers’ Certificate briefly stating the reasons therefor, the kind or amount of cash, securities or  property or asset that will comprise a unit of Reference Property after any such Share Exchange  Event, any adjustment to be made with respect thereto and that all conditions precedent have  been complied with, and shall promptly deliver notice thereof to all Holders. The Company shall  cause notice of the execution of such supplemental indenture to be delivered to each Holder  within 20 days after execution thereof. Failure to deliver such notice shall not affect the legality  or validity of such supplemental indenture.               (c)   The Company shall not become a party to any Share Exchange Event  unless its terms are consistent with this Section 14.07. None of the foregoing provisions shall  affect the right of a holder of Notes to convert its Notes into cash, shares of Common Stock or a  combination of cash and shares of Common Stock, as applicable, as set forth in Section 14.01  and Section 14.02 prior to the effective date of such Share Exchange Event.               (d)   The above provisions of this Section 14.07 shall similarly apply to  successive Share Exchange Events.         14.08 Certain Covenants. (a)  The Company covenants that all shares of Common  Stock issued upon conversion of Notes will be fully paid and non-assessable by the Company  and free from all taxes, liens and charges with respect to the issue thereof.               (b)   The Company covenants that, if any shares of Common Stock to be  provided for the purpose of conversion of Notes hereunder require registration with or approval  of any governmental authority under any federal or state law before such shares of Common  Stock may be validly issued upon conversion, the Company will, to the extent then permitted by                                          74    

 

   the rules and interpretations of the Commission, secure such registration or approval, as the case  may be.               (c)   The Company further covenants that if at any time the Common Stock  shall be listed on any national securities exchange or automated quotation system the Company  will list and keep listed, so long as the Common Stock shall be so listed on such exchange or  automated quotation system, any Common Stock issuable upon conversion of the Notes.         14.09 Responsibility of Trustee. The Trustee and any other Conversion Agent shall not  at any time be under any duty or responsibility to any Holder to determine the Conversion Rate  (or any adjustment thereto) or whether any facts exist that may require any adjustment (including  any increase) of the Conversion Rate, or with respect to the nature or extent or calculation of any  such adjustment when made, or with respect to the method employed, or herein or in any  supplemental indenture provided to be employed, in making the same. The Trustee and any other  Conversion Agent shall not be accountable with respect to the validity or value (or the kind or  amount) of any shares of Common Stock, or of any securities, property or cash that may at any  time be issued or delivered upon the conversion of any Note; and the Trustee and any other  Conversion Agent make no representations with respect thereto. Neither the Trustee nor any  Conversion Agent shall be responsible for any failure of the Company to issue, transfer or  deliver any shares of Common Stock or stock certificates or other securities or property or cash  upon the surrender of any Note for the purpose of conversion or to comply with any of the  duties, responsibilities or covenants of the Company contained in this Article 14. Without  limiting the generality of the foregoing, neither the Trustee nor any Conversion Agent shall be  under any responsibility to determine the correctness of any provisions contained in any  supplemental indenture entered into pursuant to Section 14.07 relating either to the kind or  amount of shares of stock or securities or property (including cash) receivable by Holders upon  the conversion of their Notes after any event referred to in such Section 14.07 or to any  adjustment to be made with respect thereto, but, subject to the provisions of Section 7.01, may  accept (without any independent investigation) as conclusive evidence of the correctness of any  such provisions, and shall be protected in relying upon, the Officers’ Certificate (which the  Company shall be obligated to file with the Trustee prior to the execution of any such  supplemental indenture) with respect thereto. Neither the Trustee nor the Conversion Agent shall  be responsible for determining whether any event contemplated by Section 14.01(b) has occurred  that makes the Notes eligible for conversion or no longer eligible therefor until the Company has  delivered to the Trustee and the Conversion Agent the notices referred to in Section 14.01(b)  with respect to the commencement or termination of such conversion rights, on which notices the  Trustee and the Conversion Agent may conclusively rely, and the Company agrees to deliver  such notices to the Trustee and the Conversion Agent immediately after the occurrence of any  such event or at such other times as shall be provided for in Section 14.01(b).         14.10 Notice to Holders Prior to Certain Actions. In case of any:               (a)   action by the Company or one of its Subsidiaries that would require an  adjustment in the Conversion Rate pursuant to Section 14.04 or Section 14.11;               (b)   Share Exchange Event; or                                          75    

 

               (c)   voluntary or involuntary dissolution, liquidation or winding-up of the  Company or any of its Subsidiaries;   then, in each case (unless notice of such event is otherwise required pursuant to another  provision of this Indenture), the Company shall cause to be filed with the Trustee and the  Conversion Agent (if other than the Trustee) and to be delivered to each Holder, as promptly as  possible but in any event at least 20 days prior to the applicable date hereinafter specified, a  notice stating (i) the date on which a record is to be taken for the purpose of such action by the  Company or one of its Subsidiaries or, if a record is not to be taken, the date as of which the  holders of Common Stock of record are to be determined for the purposes of such action by the  Company or one of its Subsidiaries, or (ii) the date on which such Share Exchange Event,  dissolution, liquidation or winding-up is expected to become effective or occur, and the date as  of which it is expected that holders of Common Stock of record shall be entitled to exchange  their Common Stock for securities or other property deliverable upon such Share Exchange  Event, dissolution, liquidation or winding-up. Failure to give such notice, or any defect therein,  shall not affect the legality or validity of such action by the Company or one of its Subsidiaries,  Share Exchange Event, dissolution, liquidation or winding-up.         14.11 Stockholder Rights Plans. If the Company has a stockholder rights plan in effect  upon conversion of the Notes, each share of Common Stock, if any, issued upon such conversion  shall be entitled to receive the appropriate number of rights, if any, and the certificates  representing the Common Stock issued upon such conversion shall bear such legends, if any, in  each case as may be provided by the terms of any such stockholder rights plan, as the same may  be amended from time to time. However, if, prior to any conversion of Notes, the rights have  separated from the shares of Common Stock in accordance with the provisions of the applicable  stockholder rights plan, the Conversion Rate shall be adjusted at the time of separation as if the  Company distributed to all or substantially all holders of the Common Stock Distributed  Property as provided in Section 14.04(c), subject to readjustment in the event of the expiration,  termination or redemption of such rights.                                    ARTICLE 15                                                         REPURCHASE OF NOTES AT OPTION OF HOLDERS         15.01 Intentionally Omitted.         15.02 Repurchase at Option of Holders Upon a Fundamental Change. (a) If a  Fundamental Change occurs at any time, each Holder shall have the right, at such Holder’s  option, to require the Company to repurchase for cash all of such Holder’s Notes, or any portion  thereof that is equal to $1,000 or an integral multiple of $1,000, on the date (the “Fundamental  Change Repurchase Date”) specified by the Company that is not less than 20 calendar days or  more than 35 calendar days following the date of the Fundamental Change Company Notice at a  repurchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest  thereon to, but excluding, the Fundamental Change Repurchase Date (the “Fundamental  Change Repurchase Price”), unless the Fundamental Change Repurchase Date falls after a  Regular Record Date but on or prior to the Interest Payment Date to which such Regular Record  Date relates, in which case the Company shall instead pay the full amount of accrued and unpaid                                         76    

 

   interest to Holders of record as of such Regular Record Date, and the Fundamental Change  Repurchase Price shall be equal to 100% of the principal amount of Notes to be repurchased  pursuant to this Article 15.               (b)   Repurchases of Notes under this Section 15.02 shall be made, at the option  of the Holder thereof, upon:                     (i)   delivery to the Paying Agent by a Holder of a duly completed  notice (the “Fundamental Change Repurchase Notice”) in the form set forth in Attachment 2  to the Form of Note, if the Notes are Physical Notes, or in compliance with the Depositary’s  procedures for surrendering interests in Global Notes, if the Notes are Global Notes, in each case  on or before the close of business on the Business Day immediately preceding the Fundamental  Change Repurchase Date; and                     (ii)  delivery of the Notes, if the Notes are Physical Notes, to the  Paying Agent at any time after delivery of the Fundamental Change Repurchase Notice (together  with all necessary endorsements for transfer) at the Corporate Trust Office of the Paying Agent  or book-entry transfer of the Notes, if the Notes are Global Notes, in compliance with the  procedures of the Depositary, in each case such delivery being a condition to receipt by the  Holder of the Fundamental Change Repurchase Price therefor.         The Fundamental Change Repurchase Notice in respect of any Notes to be repurchased  shall state:                     (iii) in the case of Physical Notes, the certificate numbers of the Notes  to be delivered for repurchase;                     (iv)  the portion of the principal amount of Notes to be repurchased,  which must be $1,000 or an integral multiple thereof; and                     (v)   that the Notes are to be repurchased by the Company pursuant to  the applicable provisions of the Notes and this Indenture;   provided, however, that if the Notes are Global Notes, the Fundamental Change Repurchase  Notice must comply with appropriate Depositary procedures.         Notwithstanding anything herein to the contrary, any Holder delivering to the Paying  Agent the Fundamental Change Repurchase Notice contemplated by this Section 15.02 shall  have the right to withdraw, in whole or in part, such Fundamental Change Repurchase Notice at  any time prior to the close of business on the Business Day immediately preceding the  Fundamental Change Repurchase Date by delivery of a written notice of withdrawal to the  Paying Agent in accordance with Section 15.03.         The Paying Agent shall promptly notify the Company of the receipt by it of any  Fundamental Change Repurchase Notice or written notice of withdrawal thereof.               (c)   On or before the 20th calendar day after the occurrence of the effective  date of a Fundamental Change, the Company shall provide to all Holders of Notes and the                                         77    

 

   Trustee, Conversion Agent (in the case of a Conversion Agent other than the Trustee) and the  Paying Agent (in the case of a Paying Agent other than the Trustee) a notice (the “Fundamental  Change Company Notice”) of the occurrence of the effective date of the Fundamental Change  and of the repurchase right at the option of the Holders arising as a result thereof. In the case of  Physical Notes, such notice shall be by first class mail or, in the case of Global Notes, such  notice shall be delivered in accordance with the applicable procedures of the Depositary.  Simultaneously with providing such notice, the Company shall publish a notice containing the  information set forth in the Fundamental Change Company Notice in a newspaper of general  circulation in The City of New York or publish such information on the Company’s website or  through such other public medium as the Company may use at that time. Each Fundamental  Change Company Notice shall specify:                     (i)   the events causing the Fundamental Change;                     (ii)  the date of the Fundamental Change;                     (iii) the last date on which a Holder may exercise the repurchase right  pursuant to this Article 15;                     (iv)  the Fundamental Change Repurchase Price;                     (v)   the Fundamental Change Repurchase Date;                     (vi)  the name and address of the Paying Agent and the Conversion  Agent, if applicable;                     (vii) if applicable, the Conversion Rate and any adjustments to the  Conversion Rate;                     (viii) that the Notes with respect to which a Fundamental Change  Repurchase Notice has been delivered by a Holder may be converted only if the Holder  withdraws the Fundamental Change Repurchase Notice in accordance with the terms of this  Indenture; and                     (ix)  the procedures that Holders must follow to require the Company to  repurchase their Notes.         No failure of the Company to give the foregoing notices and no defect therein shall limit  the Holders’ repurchase rights or affect the validity of the proceedings for the repurchase of the  Notes pursuant to this Section 15.02.         At the Company’s request, the Trustee shall give such notice in the Company’s name and  at the Company’s expense; provided, however, that, in all cases, the text of such Fundamental  Change Company Notice shall be prepared by the Company.               (d)   Notwithstanding the foregoing, no Notes may be repurchased by the  Company on any date at the option of the Holders upon a Fundamental Change if the principal  amount of the Notes has been accelerated, and such acceleration has not been rescinded, on or                                         78    

 

   prior to such date (except in the case of an acceleration resulting from a Default by the Company  in the payment of the Fundamental Change Repurchase Price with respect to such Notes). The  Paying Agent will promptly return to the respective Holders thereof any Physical Notes held by  it during the acceleration of the Notes (except in the case of an acceleration resulting from a  Default by the Company in the payment of the Fundamental Change Repurchase Price with  respect to such Notes), or any instructions for book-entry transfer of the Notes in compliance  with the procedures of the Depositary shall be deemed to have been cancelled, and, upon such  return or cancellation, as the case may be, the Fundamental Change Repurchase Notice with  respect thereto shall be deemed to have been withdrawn.         15.03 Withdrawal of Fundamental Change Repurchase Notice. (a) A Fundamental  Change Repurchase Notice may be withdrawn (in whole or in part) by means of a written notice  of withdrawal delivered to the Corporate Trust Office of the Paying Agent in accordance with  this Section 15.03 at any time prior to the close of business on the Business Day immediately  preceding the Fundamental Change Repurchase Date, specifying:                     (i)   the principal amount of the Notes with respect to which such  notice of withdrawal is being submitted,                     (ii)  if Physical Notes have been issued, the certificate number of the  Note in respect of which such notice of withdrawal is being submitted, and                     (iii) the principal amount, if any, of such Note that remains subject to  the original Fundamental Change Repurchase Notice, which portion must be in principal  amounts of $1,000 or an integral multiple of $1,000;   provided, however, that if the Notes are Global Notes, the notice must comply with appropriate  procedures of the Depositary.         15.04 Deposit of Fundamental Change Repurchase Price. (a) The Company will  deposit with the Trustee (or other Paying Agent appointed by the Company, or if the Company is  acting as its own Paying Agent, set aside, segregate and hold in trust as provided in Section 4.04)  on or prior to 11:00 a.m., New York City time, on the Fundamental Change Repurchase Date an  amount of money sufficient to repurchase all of the Notes to be repurchased at the appropriate  Fundamental Change Repurchase Price. Subject to receipt of funds and/or Notes by the Trustee  (or other Paying Agent appointed by the Company), payment for Notes surrendered for  repurchase (and not withdrawn prior to the close of business on the Business Day immediately  preceding the Fundamental Change Repurchase Date) will be made on the later of (i) the  Fundamental Change Repurchase Date (provided the Holder has satisfied the conditions in  Section 15.02) and (ii) the time of book-entry transfer or the delivery of such Note to the Trustee  (or other Paying Agent appointed by the Company) by the Holder thereof in the manner required  by Section 15.02 by mailing checks for the amount payable to the Holders of such Notes entitled  thereto as they shall appear in the Note Register; provided, however, that payments to the  Depositary shall be made by wire transfer of immediately available funds to the account of the  Depositary or its nominee. The Trustee shall, promptly after such payment and upon written  demand by the Company, return to the Company any funds in excess of the Fundamental Change  Repurchase Price.                                         79    

 

               (b)   If by 11:00 a.m. New York City time, on the Fundamental Change  Repurchase Date, the Trustee (or other Paying Agent appointed by the Company) holds money  sufficient to make payment on all the Notes or portions thereof that are to be repurchased on  such Fundamental Change Repurchase Date, then, with respect to the Notes that have been  properly surrendered for repurchase and have not been validly withdrawn, (i) such Notes will  cease to be outstanding, (ii) interest will cease to accrue on such Notes (whether or not book- entry transfer of the Notes has been made or the Notes have been delivered to the Trustee or  Paying Agent) and (iii) all other rights of the Holders of such Notes will terminate (other than the  right to receive the Fundamental Change Repurchase Price and, if applicable, accrued and unpaid  interest).               (c)   Upon surrender of a Note that is to be repurchased in part pursuant to  Section 15.02, the Company shall execute and the Trustee shall authenticate and deliver to the  Holder a new Note in an authorized denomination equal in principal amount to the  unrepurchased portion of the Note surrendered.         15.05 Covenant to Comply with Applicable Laws Upon Repurchase of Notes. In  connection with any repurchase offer, the Company will, if required:               (a)   comply with the provisions of Rule 13e-4, Rule 14e-1 and any other  tender offer rules under the Exchange Act;               (b)   file a Schedule TO or any other required schedule under the Exchange  Act; and               (c)   otherwise comply with all federal and state securities laws in connection  with any offer by the Company to repurchase the Notes;         in each case, so as to permit the rights and obligations under this Article 15 to be  exercised in the time and in the manner specified in this Article 15.                                    ARTICLE 16                                                                     OPTIONAL REDEMPTION         16.01 Optional Redemption. No sinking fund is provided for the Notes. The Notes  shall not be redeemable by the Company prior to May 20, 2024. On or after May 20, 2024 and  on or before the 40th Scheduled Trading Day immediately prior to the Maturity Date, the  Company may redeem (an “Optional Redemption”) for cash all or any portion of the Notes, at  the Redemption Price, if the Last Reported Sale Price of the Common Stock has been at least  130% of the Conversion Price then in effect for at least 20 Trading Days (whether or not  consecutive), including the Trading Day immediately preceding the date on which the Company  provides the relevant Notice of Redemption, during any 30 consecutive Trading Day period  ending on, and including, the Trading Day immediately preceding the date on which the  Company provides the Notice of Redemption in accordance with Section 16.02.         16.02 Notice of Optional Redemption; Selection of Notes. (a) In case the Company  exercises its Optional Redemption right to redeem all or, as the case may be, any part of the                                         80    

 

   Notes pursuant to Section 16.01, it shall fix a date for redemption (each, a “Redemption Date”)  and it or, upon delivery of an Officers’ Certificate requesting that the Trustee give such Notice of  Redemption received by the Trustee not less than five Business Days prior to the date the Notice  of Redemption is to be delivered to the Holders (or such shorter period of time as may be  acceptable to the Trustee), the Trustee, in the name of and at the expense of the Company, shall  deliver or cause to be delivered a notice of such Optional Redemption (a “Notice of  Redemption”) not less than 50 nor more than 60 Scheduled Trading Days prior to the  Redemption Date to each Holder of Notes so to be redeemed as a whole or in part; provided,  however, that, if the Company shall give such notice, it shall also give written notice of the  Redemption Date to the Trustee. The Redemption Date must be a Business Day.                (b)   The Notice of Redemption, if delivered in the manner herein provided,  shall be conclusively presumed to have been duly given, whether or not the Holder receives such  notice. In any case, failure to give such Notice of Redemption by mail or any defect in the Notice  of Redemption to the Holder of any Note designated for redemption as a whole or in part shall  not affect the validity of the proceedings for the redemption of any other Note.               (c)   Each Notice of Redemption shall specify:                     (i)   the Redemption Date;                     (ii)  the Redemption Price;                     (iii) that on the Redemption Date, the Redemption Price will become  due and payable upon each Note to be redeemed, and that interest thereon, if any, shall cease to  accrue on and after the Redemption Date;                     (iv)  the place or places where such Notes are to be surrendered for  payment of the Redemption Price;                     (v)   that Holders may surrender their Notes for conversion at any time  prior to the close of business on the Scheduled Trading Day immediately preceding the  Redemption Date (unless the Company fails to pay the Redemption Price, in which case a Holder  may convert such Notes until the Business Day immediately preceding the date on which the  Redemption Price has been paid or duly provided for);                     (vi)  the procedures a converting Holder must follow to convert its  Notes and the Settlement Method and Specified Dollar Amount, if applicable;                     (vii) the Conversion Rate and, if applicable, the number of Additional  Shares added to the Conversion Rate in accordance with Section 14.03;                     (viii) the CUSIP, ISIN or other similar numbers, if any, assigned to such  Notes; and                     (ix)  in case any Note is to be redeemed in part only, the portion of the  principal amount thereof to be redeemed and on and after the Redemption Date, upon surrender                                         81    

 

   of such Note, a new Note in principal amount equal to the unredeemed portion thereof shall be  issued.         A Notice of Redemption shall be irrevocable.               (d)   If fewer than all of the outstanding Notes are to be redeemed, the Trustee  shall select the Notes or portions thereof of a Global Note or the Notes in certificated form to be  redeemed (in principal amounts of $1,000 or integral multiples of $1,000 in excess thereof) by  lot or in accordance with the procedures at the Depositary. If any Note selected for partial  redemption is submitted for conversion in part after such selection, the portion of the Note  submitted for conversion shall be deemed (so far as may be possible) to be the portion selected  for redemption.         16.03 Payment of Notes Called for Redemption. (a) If any Notice of Redemption has  been given in respect of the Notes in accordance with Section 16.02, the Notes shall become due  and payable on the Redemption Date at the place or places stated in the Notice of Redemption  and at the applicable Redemption Price. On presentation and surrender of the Notes at the place  or places stated in the Notice of Redemption, the Notes shall be paid and redeemed by the  Company at the applicable Redemption Price.               (b)   Prior to the open of business on the Redemption Date, the Company shall  deposit with the Paying Agent or, if the Company or a Subsidiary of the Company is acting as  the Paying Agent, shall segregate and hold in trust as provided in Section 7.05 an amount of cash  (in immediately available funds if deposited on the Redemption Date), sufficient to pay the  Redemption Price of all of the Notes to be redeemed on such Redemption Date. Subject to  receipt of funds by the Paying Agent, payment for the Notes to be redeemed shall be made on the  Redemption Date for such Notes. The Paying Agent shall, promptly after such payment and upon  written demand by the Company, return to the Company any funds in excess of the Redemption  Price.         16.04 Restrictions on Redemption. The Company may not redeem any Notes on any  date if the principal amount of the Notes has been accelerated in accordance with the terms of  this Indenture, and such acceleration has not been rescinded, on or prior to the Redemption Date  (except in the case of an acceleration resulting from a Default by the Company in the payment of  the Redemption Price with respect to such Notes).                                    ARTICLE 17                                                                  MISCELLANEOUS PROVISIONS         17.01 Provisions Binding on Company’s Successors. All the covenants, stipulations,  promises and agreements of the Company contained in this Indenture shall bind its successors  and assigns whether so expressed or not.         17.02 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 Company shall and may be done and performed with like force and                                         82    

 

   effect by the like board, committee or officer of any corporation or other entity that shall at the  time be the lawful sole successor of the Company.         17.03 Addresses for Notices, Etc. Any notice or demand that by any provision of this  Indenture is required or permitted to be given or served by the Trustee or by the Holders on the  Company shall be deemed to have been sufficiently given or made, for all purposes if given or  served by being deposited postage prepaid by registered or certified mail in a post office letter  box addressed (until another address is filed by the Company with the Trustee) to Tricida, Inc.,  7000 Shoreline Court, Suite 201, South San Francisco, CA 94080, Attention: Chief Financial  Officer. Any notice, direction, request or demand hereunder to the Trustee by any Holder or by  the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in  writing and delivered in person or by first-class mail (registered or certified, return receipt  requested), facsimile transmission (confirmed by delivery in Person or by first-class mail  (registered or certified, return receipt requested)) or guaranteed overnight courier at the  Corporate Trust Office, with a copy to the Trustee at 425 Walnut Street, Cincinnati, OH 45202,  Attention: Daniel Boyers, Vice President and Trust Officer, or such other means reasonably  acceptable to the Trustee.         The Trustee, by notice to the Company, may designate additional or different addresses  for subsequent notices or communications.         Any notice or communication delivered or to be delivered to a Holder of Physical Notes  shall be sent to each Holder at its address as it appears on the Note Register and shall be  sufficiently given to it if so sent within the time prescribed. Any notice or communication  delivered or to be delivered to a Holder of Global Notes shall be delivered in accordance with the  applicable procedures of the Depositary and shall be sufficiently given to it if so delivered within  the time prescribed.         Failure to mail or deliver 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 sent or  delivered, as the case may be, in the manner provided above, it is duly given, whether or not the  addressee receives it.         17.04 Governing Law; Jurisdiction. THIS INDENTURE AND EACH NOTE, AND  ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS  INDENTURE AND EACH NOTE, SHALL BE GOVERNED BY, AND CONSTRUED IN  ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT  REGARD TO THE CONFLICTS OF LAWS PROVISIONS THEREOF).         The Company irrevocably consents and agrees, for the benefit of the Holders from time  to time of the Notes and the Trustee, that any legal action, suit or proceeding against it with  respect to obligations, liabilities or any other matter arising out of or in connection with this  Indenture or the Notes may be brought in the courts of the State of New York or the courts of the  United States located in the Borough of Manhattan, New York City, New York and, until  amounts due and to become due in respect of the Notes have been paid, hereby irrevocably  consents and submits to the non-exclusive jurisdiction of each such court in personam, generally                                          83    

 

   and unconditionally with respect to any action, suit or proceeding for itself in respect of its  properties, assets and revenues.         The Company irrevocably and unconditionally waives, to the fullest extent permitted by  law, any objection which it may now or hereafter have to the laying of venue of any of the  aforesaid actions, suits or proceedings arising out of or in connection with this Indenture brought  in the courts of the State of New York or the courts of the United States located in the Borough  of Manhattan, New York City, New York and hereby further irrevocably and unconditionally  waives and agrees not to plead or claim in any such court that any such action, suit or proceeding  brought in any such court has been brought in an inconvenient forum.         17.05 Evidence of Compliance with Conditions Precedent; Certificates and  Opinions of Counsel to Trustee. Upon any application or demand by the Company to the  Trustee to take any action under any of the provisions of this Indenture, the Trustee shall be  entitled to receive: (a) an Officers’ Certificate in form reasonably satisfactory to the Trustee  stating that, in the opinion of the signers, all conditions precedent (including any covenants,  compliance with which constitutes a condition precedent), if any, provided for in this Indenture  relating to the proposed action have been complied with; and (b) an Opinion of Counsel in form  reasonably satisfactory to the Trustee stating that, in the opinion of such counsel, all such  conditions precedent (including any covenants, compliance with which constitutes a condition  precedent) have been complied with.         Each Officers’ Certificate provided for, by or on behalf of the Company in this Indenture  and delivered to the Trustee with respect to compliance with this Indenture (other than the  Officers’ Certificates provided for in Section 4.08) shall include (a) a statement that the person  signing such certificate is familiar with the requested action and this Indenture; (b) a brief  statement as to the nature and scope of the examination or investigation upon which the  statement contained in such certificate is based; (c) a statement that, in the judgment of such  person, he or she has made such examination or investigation as is necessary to enable him or her  to express an informed judgment as to whether or not such action is permitted by this Indenture  and as to whether all conditions precedent (including any covenants, compliance with which  constitutes a condition precedent), if any, provided for in this Indenture relating to the proposed  action have been complied with; and (d) a statement as to whether or not, in the judgment of  such person, such action is permitted by this Indenture and all such conditions precedent  (including any covenants, compliance with which constitutes a condition precedent) have been  complied with.         17.06 Legal Holidays. In any case where any Interest Payment Date, any Redemption  Date, any Fundamental Change Repurchase Date or the Maturity Date is not a Business Day,  then any action to be taken on such date need not be taken on such date, but may be taken on the  next succeeding Business Day with the same force and effect as if taken on such date, and no  interest shall accrue in respect of the delay.         17.07 No Security Interest Created. Nothing in this Indenture or in the Notes,  expressed or implied, shall be construed to constitute a security interest under the Uniform  Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any  jurisdiction.                                         84    

 

         17.08 Benefits of Indenture. Nothing in this Indenture or in the Notes, expressed or  implied, shall give to any Person, other than the Holders, the parties hereto, any Paying Agent,  any Conversion Agent, any authenticating agent, any Note Registrar and their successors  hereunder, any benefit or any legal or equitable right, remedy or claim under this Indenture.         17.09 Table of Contents, Headings, Etc. The table of contents and the titles and  headings of the articles and sections of this Indenture have been inserted for convenience of  reference only, are not to be considered a part hereof, and shall in no way modify or restrict any  of the terms or provisions hereof.         17.10 Authenticating Agent. The Trustee may appoint an authenticating agent that  shall be authorized to act on its behalf and subject to its direction in the authentication and  delivery of Notes in connection with the original issuance thereof and transfers and exchanges of  Notes hereunder, including under Section 2.04, Section 2.05, Section 2.06, Section 2.07, Section  10.04 and Section 15.04 as fully to all intents and purposes as though the authenticating agent  had been expressly authorized by this Indenture and those Sections to authenticate and deliver  Notes. For all purposes of this Indenture, the authentication and delivery of Notes by the  authenticating agent shall be deemed to be authentication and delivery of such Notes “by the  Trustee” and a certificate of authentication executed on behalf of the Trustee by an  authenticating agent shall be deemed to satisfy any requirement hereunder or in the Notes for the  Trustee’s certificate of authentication. Such authenticating agent shall at all times be a Person  eligible to serve as trustee hereunder pursuant to Section 7.08.         Any corporation or other entity into which any authenticating agent may be merged or  converted or with which it may be consolidated, or any corporation or other entity resulting from  any merger, consolidation or conversion to which any authenticating agent shall be a party, or  any corporation or other entity succeeding to the corporate trust business of any authenticating  agent, shall be the successor of the authenticating agent hereunder, if such successor corporation  or other entity is otherwise eligible under this Section 17.10, without the execution or filing of  any paper or any further act on the part of the parties hereto or the authenticating agent or such  successor corporation or other entity.         Any authenticating agent may at any time resign by giving written notice of resignation  to the Trustee and to the Company. The Trustee may at any time terminate the agency of any  authenticating agent by giving written notice of termination to such authenticating agent and to  the Company. Upon receiving such a notice of resignation or upon such a termination, or in case  at any time any authenticating agent shall cease to be eligible under this Section, the Trustee may  appoint a successor authenticating agent (which may be the Trustee), shall give written notice of  such appointment to the Company and shall deliver notice of such appointment to all Holders.         The Company agrees to pay to the authenticating agent from time to time reasonable  compensation for its services although the Company may terminate the authenticating agent, if it  determines such agent’s fees to be unreasonable.         The provisions of Section 7.02, Section 7.03, Section 7.04, Section 8.03 and this Section  17.10 shall be applicable to any authenticating agent.                                          85    

 

         If an authenticating agent is appointed pursuant to this Section 17.10, the Notes may have  endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternative  certificate of authentication in the following form:   __________________________,  as Authenticating Agent, certifies that this is one of the Notes described in the within-named  Indenture.   By:                                         Authorized Officer         17.11 Execution in Counterparts. This Indenture may be executed in any number of  counterparts, each of which shall be an original, but such counterparts shall together constitute  but one and the same instrument. The exchange of copies of this Indenture and of signature  pages by facsimile or PDF transmission shall constitute effective execution and delivery of this  Indenture as to the parties hereto and may be used in lieu of the original Indenture for all  purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be  their original signatures for all purposes.         17.12 Severability. In the event any provision of this Indenture or in the Notes shall be  invalid, illegal or unenforceable, then (to the extent permitted by law) the validity, legality or  enforceability of the remaining provisions shall not in any way be affected or impaired.         17.13 Waiver of Jury Trial. EACH OF THE COMPANY 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 INDENTURE, THE NOTES OR  THE TRANSACTIONS CONTEMPLATED HEREBY.         17.14 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 and hardware) services; it being understood that the Trustee shall use  reasonable efforts that are consistent with accepted practices in the banking industry to resume  performance as soon as practicable under the circumstances.         17.15 Calculations. Except as otherwise provided herein, the Company shall be  responsible for making all calculations called for under the Notes. These calculations include,  but are not limited to, determinations of the Last Reported Sale Prices of the Common Stock, the  Daily VWAPs, the Daily Conversion Values, the Daily Settlement Amounts, accrued interest  payable on the Notes and the Conversion Rate of the Notes. The Company shall make all these  calculations in good faith and, absent manifest error, the Company’s calculations shall be final  and binding on Holders of Notes. The Company shall provide a schedule of its calculations to  each of the Trustee and the Conversion Agent, and each of the Trustee and Conversion Agent is  entitled to rely conclusively upon the accuracy of the Company’s calculations without                                         86    

 

   independent verification. The Trustee will forward the Company’s calculations to any Holder of  Notes upon the written request of that Holder at the sole cost and expense of the Company.         17.16 USA PATRIOT Act. The parties hereto acknowledge that in accordance with  Section 326 of the USA 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 USA PATRIOT Act.                        [Remainder of page intentionally left blank]                                                  87    

 

                                                                                       IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed  as of the date first written above.                                             TRICIDA, INC.                                                                                          By:        /s/ Geoffrey M. Parker                                                Name:   Geoffrey M. Parker                                              Title:     CFO & EVP                                             Date:     May 22, 2020                                                                                                                                       U.S. BANK NATIONAL                                            ASSOCIATION, as Trustee                                                                                          By:        /s/ Daniel Boyers                                                     Name:   Daniel Boyers                                                            Title:     Vice President                                             Date:     May 22, 2020                                                                          SIGNATURE PAGE TO INDENTURE   

 

                                                                                                                  EXHIBIT A                                                                    [FORM OF FACE OF NOTE]                  [INCLUDE FOLLOWING LEGEND IF A GLOBAL NOTE]         [UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK  CORPORATION (“DTC”), TO THE COMPANY 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 PAYMENT  HEREUNDER 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 INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE &  CO., HAS AN INTEREST HEREIN.]            [INCLUDE FOLLOWING LEGEND IF A RESTRICTED SECURITY]         [THIS SECURITY AND THE COMMON STOCK, IF ANY, ISSUABLE UPON  CONVERSION 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 TRICIDA, INC. (THE “COMPANY”) 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 THE COMPANY OR ANY SUBSIDIARY THEREOF, OR               (B)   PURSUANT  TO   A  REGISTRATION  STATEMENT  WHICH  HAS  BECOME EFFECTIVE UNDER THE SECURITIES ACT, OR                                         A-1    

 

               (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.         PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH  CLAUSE (2)(D) ABOVE, THE COMPANY RESERVES 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.]         NO AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF  THE COMPANY OR PERSON THAT HAS BEEN AN AFFILIATE (AS DEFINED IN RULE  144 UNDER THE SECURITIES ACT) OF THE COMPANY DURING THE THREE  IMMEDIATELY PRECEDING MONTHS MAY OFFER, SELL, PLEDGE OR OTHERWISE  TRANSFER THIS SECURITY OR A BENEFICIAL INTEREST HEREIN UNLESS  PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE  UNDER THE SECURITIES ACT OR PURSUANT TO AN EXEMPTION FROM THE  REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IN A TRANSACTION  THAT RESULTS IN SUCH SECURITY OR COMMON STOCK, AS THE CASE MAY BE,  NO LONGER BEING A “RESTRICTED SECURITY” (AS DEFINED IN RULE 144 UNDER  THE SECURITIES ACT).                                                                    A-2    

 

                                   TRICIDA, INC.                                                           3.50% CONVERTIBLE SENIOR NOTE DUE 2027    No. [_____]                                             [Initially]1 $[_________]   CUSIP No. 89610F AA92         Tricida, Inc., a corporation duly organized and validly existing under the laws of the State  of Delaware (the “Company,” which term includes any successor corporation or other entity  under the Indenture referred to on the reverse hereof), for value received hereby promises to pay  to [CEDE & CO.]3 [_______]4, or registered assigns, the principal sum [as set forth in the  “Schedule of Exchanges of Notes” attached hereto]5 [of $[ ]]6, which amount, taken together  with the principal amounts of all other outstanding Notes, shall not, unless permitted by the  Indenture, exceed $200,000,000 in the aggregate at any time, in accordance with the rules and  procedures of the Depositary, on May 15, 2027, and interest thereon as set forth below.         This Note shall bear interest at the rate of 3.50% per year from May 22, 2020, or from the  most recent date to which interest had been paid or provided for to, but excluding, the next  scheduled Interest Payment Date until May 15, 2027. Interest is payable semi-annually in arrears  on each May 15 and November 15, commencing on November 15, 2020, to Holders of record at  the close of business on the preceding May 1 and November 1 (whether or not such day is a  Business Day), respectively. Additional Interest will be payable as set forth in Section 4.06(d),  Section 4.06(e) and Section 6.03 of the within-mentioned Indenture, and any reference to interest  on, or in respect of, any Note therein shall be deemed to include Additional Interest if, in such  context, Additional Interest is, was or would be payable pursuant to any of such Section 4.06(e),  Section 4.06(f) or Section 6.03, and any express mention of the payment of Additional Interest in  any provision therein shall not be construed as excluding Additional Interest in those provisions  thereof where such express mention is not made.         Any Defaulted Amounts shall accrue interest per annum at the rate borne by the Notes,  subject to the enforceability thereof under applicable law, from, and including, the relevant  payment date to, but excluding, the date on which such Defaulted Amounts shall have been paid  by the Company, at its election, in accordance with Section 2.03(c) of the Indenture.                              1 Include if a global note.  2 This Note will be deemed to be identified by CUSIP No. [___] from and after such time when (i) the Company  delivers, pursuant to Section 2.05(c) of the within-mentioned Indenture, written notice to the Trustee of the  occurrence of the Resale Restriction Termination Date and the removal of the restrictive legend affixed to this Note  and (ii) this Note is identified by such CUSIP number in accordance with the applicable procedures of the  Depositary.  3 Include if a global note.  4 Include if a physical note.  5 Include if a global note.  6 Include if a physical note.                                        A-3    

 

         The Company shall pay the principal of and interest on this Note, if and so long as such  Note is a Global Note, in immediately available funds to the Depositary or its nominee, as the  case may be, as the registered Holder of such Note. As provided in and subject to the provisions  of the Indenture, the Company shall pay the principal of any Notes (other than Notes that are  Global Notes) at the office or agency designated by the Company for that purpose. The Company  has initially designated the Trustee as its Paying Agent and Note Registrar in respect of the Notes  and its agency in the Borough of Manhattan, The City of New York, as a place where Notes may  be presented for payment or for registration of transfer and exchange.         Reference is made to the further provisions of this Note set forth on the reverse hereof,  including, without limitation, provisions giving the Holder of this Note the right to convert this  Note into cash, shares of Common Stock or a combination of cash and shares of Common Stock,  as applicable, on the terms and subject to the limitations set forth in the Indenture. Such further  provisions shall for all purposes have the same effect as though fully set forth at this place.         This Note, and any claim, controversy or dispute arising under or related to this  Note, shall be construed in accordance with and governed by the laws of the State of New  York (without regard to the conflicts of laws provisions thereof).         In the case of any conflict between this Note and the Indenture, the provisions of the  Indenture shall control and govern.         This Note shall not be valid or become obligatory for any purpose until the certificate of  authentication hereon shall have been signed manually by the Trustee or a duly authorized  authenticating agent under the Indenture.                        [Remainder of page intentionally left blank]                                            A-4    

 

                                                                           IN WITNESS WHEREOF, the Company has caused this Note to be duly executed.                                          TRICIDA, INC.                                                                              By:                                                                        Name:                                                                      Title:                                                                     Date:                                                                                                                                                    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 Officer                                   A-5                 

 

                                                                                                        [FORM OF REVERSE OF NOTE]                                                                           TRICIDA, INC.                                                           3.50% CONVERTIBLE SENIOR NOTE DUE 2027          This Note is one of a duly authorized issue of Notes of the Company, designated as its  3.50% Convertible Senior Notes due 2027 (the “Notes”), limited to the aggregate principal  amount of $200,000,000, all issued or to be issued under and pursuant to an Indenture dated as of  May 22, 2020 (the “Indenture”), between the Company and U.S. Bank National Association  (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 Company and the Holders of the Notes. Additional Notes may be  issued in an unlimited aggregate principal amount, subject to certain conditions specified in the  Indenture. Capitalized terms used in this Note and not defined in this Note shall have the  respective meanings set forth in the Indenture.         In case certain Events of Default shall have occurred and be continuing, the principal of,  and interest on, all Notes may be declared, by either the Trustee or Holders of at least 25% in  aggregate principal amount of Notes then outstanding, and upon said declaration shall become,  due and payable, in the manner, with the effect and subject to the conditions and certain  exceptions set forth in the Indenture.         Subject to the terms and conditions of the Indenture, the Company will make all  payments and deliveries in respect of the Fundamental Change Repurchase Price on the  Fundamental Change Repurchase Date (if applicable), the Redemption Price on any Redemption  Date (if applicable) and the principal amount on the Maturity Date, as the case may be, to the  Holder who surrenders a Note to a Paying Agent to collect such payments in respect of the Note.  The Company will pay cash amounts in money of the United States that at the time of payment is  legal tender for payment of public and private debts.         The Indenture contains provisions permitting the Company and the Trustee in certain  circumstances, without the consent of the Holders of the Notes, and in certain other  circumstances, with the consent of the Holders of not less than a majority in aggregate principal  amount of the Notes at the time outstanding, evidenced as in the Indenture provided, to execute  supplemental indentures modifying the terms of the Indenture and the Notes as described therein.  It is also provided in the Indenture that, subject to certain exceptions, the Holders of a majority in  aggregate principal amount of the Notes at the time outstanding may on behalf of the Holders of  all of the Notes waive any past Default or Event of Default under the Indenture and its  consequences.         Each Holder shall have the right to receive payment or delivery, as the case may be, of  (x) the principal (including the Redemption Price and the Fundamental Change Repurchase  Price, if applicable) of, (y) accrued and unpaid interest, if any, on, and (z) the consideration due                                          1    

 

   upon conversion of, this Note at the place, at the respective times, at the rate and in the lawful  money or shares of Common Stock, as the case may be, herein prescribed.         The Notes are issuable in registered form without coupons in denominations of $1,000  principal amount and integral multiples thereof. At the office or agency designated by the  Company and referred to on the face hereof, and in the manner and subject to the limitations  provided in the Indenture, Notes may be exchanged for a like aggregate principal amount of  Notes of other authorized denominations, without payment of any service charge but, if required  by the Company or Trustee, with payment of a sum sufficient to cover any transfer or similar tax  that may be imposed in connection therewith as a result of the name of the Holder of the new  Notes issued upon such exchange of Notes being different from the name of the Holder of the  old Notes surrendered for such exchange.         The Notes shall be redeemable at the Company’s option on or after May 20, 2024 in  accordance with the terms and subject to the conditions specified in the Indenture. No sinking  fund is provided for the Notes.         Upon the occurrence of a Fundamental Change, the Holder has the right, at such Holder’s  option, to require the Company to repurchase for cash all of such Holder’s Notes or any portion  thereof (in principal amounts of $1,000 or integral multiples thereof) on the Fundamental Change  Repurchase Date at a price equal to the Fundamental Change Repurchase Price.         Subject to the provisions of the Indenture, the Holder hereof has the right, at its option,  during certain periods and upon the occurrence of certain conditions specified in the Indenture,  prior to the close of business on the Business Day immediately preceding the Maturity Date, to  convert any Notes or portion thereof that is $1,000 or an integral multiple thereof, into cash,  shares of Common Stock or a combination of cash and shares of Common Stock, at the  Company’s election, at the Conversion Rate specified in the Indenture, as adjusted from time to  time as provided in the Indenture.                                 ABBREVIATIONS         The following abbreviations, when used in the inscription of the face of this Note, shall  be construed as though they were written out in full according to applicable laws or regulations:         TEN COM = as tenants in common         UNIF GIFT MIN ACT = Uniform Gifts to Minors Act         CUST = Custodian         TEN ENT = as tenants by the entireties         JT TEN = joint tenants with right of survivorship and not as tenants in common         Additional abbreviations may also be used though not in the above list.                                                   2    

 

                                   SCHEDULE A7                                                               SCHEDULE OF EXCHANGES OF NOTES                                                                           TRICIDA, INC.                                                           3.50% CONVERTIBLE SENIOR NOTES DUE 2027          The initial principal amount of this Global Note is _______ DOLLARS ($[_________]).  The following increases or decreases in this Global Note have been made:                                              Principal amount of  Signature of           Amount of decrease Amount of increase this Global Note authorized signatory   Date of in principal amount in principal amount following such of Trustee or  exchange  of this Global Note  of this Global Note  decrease or increase  Custodian                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 7 Include if a global note.                                         3    

 

                                                                                                               ATTACHMENT 1                                                               [FORM OF NOTICE OF CONVERSION]    To:   U.S. Bank National Association  425 Walnut Street  Cincinnati, OH 45202  Attention: Daniel Boyers, Vice President and Trust Officer     The undersigned registered owner of this Note hereby exercises the option to convert this Note,        or the portion hereof (that is $1,000 principal amount or an integral multiple thereof)        below designated, into cash, shares of Common Stock or a combination of cash and        shares of Common Stock, as applicable, in accordance with the terms of the Indenture        referred to in this Note, and directs that any cash payable and any shares of Common        Stock issuable and deliverable upon such conversion, together with any cash for any        fractional share, and any Notes representing any unconverted principal amount hereof, be        issued and delivered to the registered Holder hereof unless a different name has been        indicated below. If any shares of Common Stock or any portion of this Note not        converted are to be issued in the name of a Person other than the undersigned, the        undersigned will pay all documentary, stamp or similar issue or transfer taxes, if any in        accordance with Section 14.02(d) and Section 14.02(e) of the Indenture. Any amount        required to be paid to the undersigned on account of interest accompanies this Note.        Capitalized terms used herein but not defined shall have the meanings ascribed to such        terms in the Indenture.  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 shares  of Common Stock are to be issued, or  Notes are to be delivered, other than  to and in the name of the registered holder.  Fill in for registration of shares if  to be issued, and Notes if to  be delivered, other than to and in the  name of the registered holder:                                         4    

 

                                            (Name)                                         (Street Address)                                         (City, State and Zip Code)  Please print name and address   Principal amount to be converted (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                                                                     5    

 

                                 ATTACHMENT 2                                                    [FORM OF FUNDAMENTAL CHANGE REPURCHASE NOTICE]    To:   U.S. Bank National Association        425 Walnut Street        Cincinnati, OH 45202        Attention: Daniel Boyers, Vice President and Trust Officer     The undersigned registered owner of this Note hereby acknowledges receipt of a notice from        Tricida, Inc. (the “Company”) as to the occurrence of a Fundamental Change with        respect to the Company and specifying the Fundamental Change Repurchase Date and        requests and instructs the Company to pay to the registered holder hereof in accordance        with Section 15.02 of the Indenture referred to in this Note (1) the entire principal amount        of this Note, or the portion thereof (that is $1,000 principal amount or an integral multiple        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. Capitalized terms used herein but        not defined shall have the meanings ascribed to such terms in the Indenture.        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.                                                                     6    

 

                                 ATTACHMENT 3                                                             [FORM OF ASSIGNMENT AND TRANSFER]          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 Company, with  full power of substitution in the premises.         In connection with any transfer of the within Note occurring prior to the Resale  Restriction Termination Date, as defined in the Indenture governing such Note, the undersigned  confirms that such Note is being transferred:     To Tricida, Inc. or a subsidiary thereof; or     Pursuant to a registration statement that has become or been declared effective under the     Securities Act of 1933, as amended; or     Pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended;     or     Pursuant to and in compliance with Rule 144 under the Securities Act of 1933, as amended,     or any other available exemption from the registration requirements of 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 Notes are to be delivered, other  than to and in the name of the registered holder.                                          7    

 

         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.                                          8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00309-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00309-of-00352.parquet"}]]