Document:

Exhibit 4.3

 

 

 

 

ENVISION SOLAR INTERNATIONAL, INC.

 

and

 

CORPORATE STOCK TRANSFER, INC., as

Warrant Agent

 

 

 

Warrant Agency Agreement

 

Dated as of April __, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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WARRANT AGENCY AGREEMENT

 

WARRANT AGENCY AGREEMENT,
dated as of April __, 2019 (“Agreement”), between Envision Solar International, Inc., a corporation organized
under the laws of the State of Nevada (the “Company”), and Corporate Stock Transfer, Inc., a corporation organized
under the laws of the State of Colorado (the “Warrant Agent”).

 

W I T N E S S E T H

 

WHEREAS, pursuant to
a registered offering by the Company of [___ Units (the “Offering”), with each Unit consisting of [__ shares
of the Company’s common stock, par value $0.001 per share (the “Common Stock”) and [___ warrants (the
“Warrants”) to purchase [___ shares of Common Stock (the “Warrant Shares”) at a price of
$[___ per share (or [__]% of the price of each share of common stock sold in the Offering); and

 

WHEREAS, the Company
granted an over-allotment option to purchase up to 15% of the aggregate number of Units sold, including warrants to purchase an
additional [__ shares of Common Stock (the “Over-Allotment Option”) to the Underwriters; and

 

WHEREAS, upon the terms
and subject to the conditions hereinafter set forth and pursuant to an effective registration statement on Form S-1, as amended
(File No. 333-226040) (the “Registration Statement”), and the terms and conditions of the Warrant Certificate,
the Company wishes to issue the Warrants in book entry form entitling the respective holders of the Warrants (the “Holders,”
which term shall include a Holder’s transferees, successors and assigns and “Holder” shall include, if the Warrants
are held in “street name,” a Participant (as defined below) or a designee appointed by such Participant); and

 

WHEREAS, the shares
of Common Stock and Warrants to be issued in connection with the Offering shall be immediately separable and will be issued separately,
but will be purchased together in the Offering; and

 

WHEREAS, the Company
wishes the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing so to act, in connection with the issuance,
registration, transfer, exchange, exercise and replacement of the Warrants and, in the Warrant Agent’s capacity as the Company’s
transfer agent, the delivery of the Warrant Shares (as defined below).

 

NOW, THEREFORE, in
consideration of the premises and the mutual agreements herein set forth, the parties hereby agree as follows:

 

Section 1. Certain
Definitions. For purposes of this Agreement, all capitalized terms not herein defined shall have the meanings hereby indicated:

 

(a) “Affiliate”
has the meaning ascribed to it in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

 

(b) “Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or
any day on which the Nasdaq Stock Market is authorized or required by law or other governmental action to close.

 

(c) “Close
of Business” on any given date means 5:00 p.m., New York City time, on such date; provided, however, that
if such date is not a Business Day it means 5:00 p.m., New York City time, on the next succeeding Business Day.

 

(d) “Person”
means an individual, corporation, association, partnership, limited liability company, joint venture, trust, unincorporated organization,
government or political subdivision thereof or governmental agency or other entity.

 

(e) “Warrant
Certificate” means a certificate in substantially the form attached as Exhibit 1 hereto, representing such number
of Warrant Shares as is indicated therein, provided that any reference to the delivery of a Warrant Certificate in this Agreement
shall include delivery of a Definitive Certificate or a Global Warrant (each as defined below).

 

 

 

 

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All other capitalized
terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Warrant Certificate.

 

Section 2. Appointment
of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company in accordance with the terms
and conditions hereof, and the Warrant Agent hereby accepts such appointment.

 

Section 3. Global
Warrants.

 

(a) The Warrants
shall be registered securities and shall be evidenced by a global warrant (the “Global Warrants”), in the form
of the Warrant Certificate, which shall be deposited with the Warrant Agent and registered in the name of Cede & Co., a nominee
of The Depository Trust Company (the “Depositary”), or as otherwise directed by the Depositary. Ownership of
beneficial interests in the Warrants shall be shown on, and the transfer of such ownership shall be effected through, records maintained
by (i) the Depositary or its nominee for each Global Warrant or (ii) institutions that have accounts with the Depositary (such
institution, with respect to a Warrant in its account, a “Participant”).

 

(b) If the Depositary
subsequently ceases to make its book-entry settlement system available for the Warrants, the Company may instruct the Warrant Agent
regarding other arrangements for book-entry settlement. In the event that the Warrants are not eligible for, or it is no longer
necessary to have the Warrants available in, book-entry form, the Warrant Agent shall provide written instructions to the Depositary
to deliver to the Warrant Agent for cancellation each Global Warrant, and the Company shall instruct the Warrant Agent to deliver
to each Holder a Warrant Certificate.

 

(c) A Holder has
the right to elect at any time or from time to time a Warrant Exchange (as defined below) pursuant to a Warrant Certificate Request
Notice (as defined below). Upon written notice by a Holder to the Warrant Agent for the exchange of some or all of such Holder’s
Global Warrants for a separate certificate in the form attached hereto as Exhibit 1 (such separate certificate, a “Definitive
Certificate”) evidencing the same number of Warrants, which request shall be in the form attached hereto as Exhibit
2 (a “Warrant Certificate Request Notice” and the date of delivery of such Warrant Certificate Request Notice
by the Holder, the “Warrant Certificate Request Notice Date” and the deemed surrender upon delivery by the Holder
of a number of Global Warrants for the same number of Warrants evidenced by a Warrant Certificate, a “Warrant Exchange”),
the Warrant Agent shall promptly effect the Warrant Exchange and shall promptly issue and deliver to the Holder a Definitive Certificate
for such number of Warrants in the name set forth in the Warrant Certificate Request Notice. Such Definitive Certificate shall
be dated the original issue date of the Warrants, shall be manually executed by an authorized signatory of the Company, shall be
in the form attached hereto as Exhibit 1 and shall be reasonably acceptable in all respects to such Holder. In connection
with a Warrant Exchange, the Company agrees to deliver, or to direct the Warrant Agent to deliver, the Definitive Certificate to
the Holder within ten (10) Business Days of the Warrant Certificate Request Notice pursuant to the delivery instructions in the
Warrant Certificate Request Notice (“Warrant Certificate Delivery Date”). If the Company fails for any reason
to deliver to the Holder the Definitive Certificate subject to the Warrant Certificate Request Notice by the Warrant Certificate
Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant
Shares evidenced by such Definitive Certificate (based on the VWAP (as defined in the Warrants) of the Common Stock on the Warrant
Certificate Request Notice Date), $10 per Business Day for each Business Day after such Warrant Certificate Delivery Date until
such Definitive Certificate is delivered or, prior to delivery of such Warrant Certificate, the Holder rescinds such Warrant Exchange.
The Company covenants and agrees that, upon the date of delivery of the Warrant Certificate Request Notice, the Holder shall be
deemed to be the holder of the Definitive Certificate and, notwithstanding anything to the contrary set forth herein, the Definitive
Certificate shall be deemed for all purposes to contain all of the terms and conditions of the Warrants evidenced by such Warrant
Certificate and the terms of this Agreement, other than Sections 3(c), 3(d) and 9 herein, shall not apply to the Warrants evidenced
by the Definitive Certificate. Notwithstanding anything herein to the contrary, the Company shall act as warrant agent with respect
to any Definitive Certificate requested and issued pursuant to this section. Notwithstanding anything to the contrary contained
in this Agreement, in the event of inconsistency between any provision in this Agreement and any provision in a Definitive Certificate,
as it may from time to time be amended, the terms of such Definitive Certificate shall control.

 

 

 

 

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(d) A Holder of a
Definitive Certificate (pursuant to a Warrant Exchange or otherwise) has the right to elect at any time or from time to time a
Global Warrants Exchange (as defined below) pursuant to a Global Warrants Request Notice (as defined below). Upon written notice
by a Holder to the Company for the exchange of some or all of such Holder’s Warrants evidenced by a Definitive Certificate
for a beneficial interest in Global Warrants held in book-entry form through the Depositary evidencing the same number of Warrants,
which request shall be in the form attached hereto as Exhibit 3 (a “Global Warrants Request Notice” and
the date of delivery of such Global Warrants Request Notice by the Holder, the “Global Warrants Request Notice Date”
and the surrender upon delivery by the Holder of the Warrants evidenced by Definitive Certificates for the same number of Warrants
evidenced by a beneficial interest in Global Warrants held in book-entry form through the Depositary, a “Global Warrants
Exchange”), the Company shall promptly effect the Global Warrants Exchange and shall promptly direct the Warrant Agent
to issue and deliver to the Holder Global Warrants for such number of Warrants in the Global Warrants Request Notice, which beneficial
interest in such Global Warrants shall be delivered by the Depositary’s Deposit or Withdrawal at Custodian system to the
Holder pursuant to the instructions in the Global Warrants Request Notice. In connection with a Global Warrants Exchange, the Company
shall direct the Warrant Agent to deliver the beneficial interest in such Global Warrants to the Holder within ten (10) Business
Days of the Global Warrants Request Notice pursuant to the delivery instructions in the Global Warrant Request Notice (“Global
Warrants Delivery Date”). If the Company fails for any reason to deliver to the Holder Global Warrants subject to the
Global Warrants Request Notice by the Global Warrants Delivery Date, the Company shall pay to the Holder, in cash, as liquidated
damages and not as a penalty, for each $1,000 of Warrant Shares evidenced by such Global Warrants (based on the VWAP (as defined
in the Warrants) of the Common Stock on the Global Warrants Request Notice Date), $10 per Business Day for each Business Day after
such Global Warrants Delivery Date until such Global Warrants are delivered or, prior to delivery of such Global Warrants, the
Holder rescinds such Global Warrants Exchange. The Company covenants and agrees that, upon the date of delivery of the Global Warrants
Request Notice, the Holder shall be deemed to be the beneficial holder of such Global Warrants.

 

Section 4. Form
of Warrant Certificates. The Warrant Certificate, together with the form of election to purchase Common Stock (“Notice
of Exercise”) and the form of assignment to be printed on the reverse thereof, shall be in the form of Exhibit 1
hereto.

 

Section 5. Countersignature
and Registration. The Warrant Certificates shall be executed on behalf of the Company by its Chief Executive Officer, Chief
Financial Officer or Vice President, by facsimile signature. The Warrant Certificates shall be countersigned by the Warrant Agent
by facsimile signature and shall not be valid for any purpose unless so countersigned. In case any officer of the Company who shall
have signed any of the Warrant Certificates shall cease to be such officer of the Company before countersignature by the Warrant
Agent and issuance and delivery by the Company, such Warrant Certificates, nevertheless, may be countersigned by the Warrant Agent,
issued and delivered with the same force and effect as though the person who signed such Warrant Certificate had not ceased to
be such officer of the Company; and any Warrant Certificate may be signed on behalf of the Company by any person who, at the actual
date of the execution of such Warrant Certificate, shall be a proper officer of the Company to sign such Warrant Certificate, although
at the date of the execution of this Warrant Agreement any such person was not such an officer.

 

The Warrant Agent will
keep or cause to be kept, at one of its offices, or at the office of one of its agents, books for registration and transfer of
the Warrant Certificates issued hereunder. Such books shall show the names and addresses of the respective Holders of the Warrant
Certificates, the number of warrants evidenced on the face of each of such Warrant Certificate and the date of each of such Warrant
Certificate. The Warrant Agent will create a special account for the issuance of Warrant Certificates.

 

 

 

 

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Section 6. Transfer,
Split Up, Combination and Exchange of Warrant Certificates; Mutilated, Destroyed, Lost or Stolen Warrant Certificates. With
respect to the Global Warrant, subject to the provisions of the Warrant Certificate and the last sentence of this first paragraph
of Section 6 and subject to applicable law, rules or regulations, or any “stop transfer” instructions the Company may
give to the Warrant Agent, at any time after the closing date of the Offering, and at or prior to the Close of Business on the
Termination Date (as such term is defined in the Warrant Certificate), any Warrant Certificate or Warrant Certificates or Global
Warrant or Global Warrants may be transferred, split up, combined or exchanged for another Warrant Certificate or Warrant Certificates
or Global Warrant or Global Warrants, entitling the Holder to purchase a like number of shares of Common Stock as the Warrant Certificate
or Warrant Certificates or Global Warrant or Global Warrants surrendered then entitled such Holder to purchase. Any Holder desiring
to transfer, split up, combine or exchange any Warrant Certificate or Global Warrant shall make such request in writing delivered
to the Warrant Agent, and shall surrender the Warrant Certificate or Warrant Certificates to be transferred, split up, combined
or exchanged at the principal office of the Warrant Agent, provided that no such surrender is applicable to the Holder of a Global
Warrant. Any requested transfer of Warrants, whether in book-entry form or certificate form, shall be accompanied by reasonable
evidence of authority of the party making such request that may be required by the Warrant Agent. Thereupon the Warrant Agent shall,
subject to the last sentence of this first paragraph of Section 6, countersign and deliver to the Person entitled thereto a Warrant
Certificate or Warrant Certificates, as the case may be, as so requested. The Company may require payment from the Holder of a
sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer, split up, combination
or exchange of Warrant Certificates. The Company shall compensate the Warrant Agent per the fee schedule mutually agreed upon by
the parties hereto and provided separately on the date hereof.

 

Upon receipt by the
Warrant Agent of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of a Warrant Certificate,
which evidence shall include an affidavit of loss, or in the case of mutilated certificates, the certificate or portion thereof
remaining, and, in case of loss, theft or destruction, of indemnity in customary form and amount (but shall not include the posting
of any bond by the Holder), and satisfaction of any other reasonable requirements established by Section 8-405 of the Uniform Commercial
Code as in effect in the State of Delaware, and reimbursement to the Company and the Warrant Agent of all reasonable expenses incidental
thereto, and upon surrender to the Warrant Agent and cancellation of the Warrant Certificate if mutilated, the Company will make
and deliver a new Warrant Certificate of like tenor to the Warrant Agent for delivery to the Holder in lieu of the Warrant Certificate
so lost, stolen, destroyed or mutilated.

 

Section 7. Exercise
of Warrants; Exercise Price; Termination Date.

 

(a) The Warrants
shall be exercisable commencing on the Initial Exercise Date. The Warrants shall cease to be exercisable and shall terminate and
become void as set forth in the Warrant Certificate. Subject to the foregoing and to Section 7(b) below, the Holder of a Warrant
may exercise the Warrant in whole or in part upon surrender of the Warrant Certificate, if required, with the executed Notice of
Exercise and payment of the Exercise Price, which may be made, at the option of the Holder, by wire transfer or by certified or
official bank check in United States dollars, to the Warrant Agent at the principal office of the Warrant Agent or to the office
of one of its agents as may be designated by the Warrant Agent from time to time. In the case of the Holder of a Global Warrant,
the Holder shall deliver the executed Notice of Exercise and the payment of the Exercise Price as described herein. Notwithstanding
any other provision in this Agreement, a holder whose interest in a Global Warrant is a beneficial interest in a Global Warrant
held in book-entry form through the Depositary (or another established clearing corporation performing similar functions), shall
effect exercises by delivering to the Depositary (or such other clearing corporation, as applicable) the appropriate instruction
form for exercise, complying with the procedures to effect exercise that are required by the Depositary (or such other clearing
corporation, as applicable). The Company acknowledges that the bank accounts maintained by the Warrant Agent in connection with
the services provided under this Agreement will be in its name and that the Warrant Agent may receive investment earnings in connection
with the investment at Warrant Agent risk and for its benefit of funds held in those accounts from time to time. Neither the Company
nor the Holders will receive interest on any deposits or Exercise Price. No ink-original Notice of Exercise shall be required,
nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise be required. The Company
hereby acknowledges and agrees that, with respect to a holder whose interest in a Global Warrant is a beneficial interest in a
Global Warrant held in book-entry form through the Depositary (or another established clearing corporation performing similar functions),
upon delivery of irrevocable instructions to such holder’s Participant to exercise such warrants, that solely for purposes
of Regulation SHO that such holder shall be deemed to have exercised such warrants.

 

(b) Upon receipt
of a Notice of Exercise for a Cashless Exercise the Company will promptly calculate and transmit to the Warrant Agent the number
of Warrant Shares issuable in connection with such Cashless Exercise and deliver a copy of the Notice of Exercise to the Warrant
Agent, which shall issue such number of Warrant Shares in connection with such Cashless Exercise.

 

 

 

 

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(c) Upon the exercise
of the Warrant Certificate pursuant to the terms of Section 2 of the Warrant Certificate, the Warrant Agent shall cause the Warrant
Shares underlying such Warrant Certificate or Global Warrant to be delivered to or upon the order of the Holder of such Warrant
Certificate or Global Warrant, registered in such name or names as may be designated by such Holder, no later than the Warrant
Share Delivery Date (as such term is defined in the Warrant Certificate). If the Company is then a participant in the DWAC system
of the Depositary and either (A) there is an effective registration statement permitting the issuance of the Warrant Shares to
or resale of the Warrant Shares by Holder or (B) the Warrant is being exercised via Cashless Exercise, then the certificates for
Warrant Shares shall be transmitted by the Warrant Agent to the Holder by crediting the account of the Holder’s broker with
the Depositary through its DWAC system. For the avoidance of doubt, if the Company becomes obligated to pay any amounts to any
Holders pursuant to Section 2(d)(i) or 2(d)(iv) of the Warrant Certificate, such obligation shall be solely that of the Company
and not that of the Warrant Agent. Notwithstanding anything else to the contrary in this Agreement, except in the case of a Cashless
Exercise, if any Holder fails to duly deliver payment to the Warrant Agent of an amount equal to the aggregate Exercise Price of
the Warrant Shares to be purchased upon exercise of such Holder’s Warrant as set forth in Section 7(a) hereof by the Warrant
Share Delivery Date, the Warrant Agent will not obligated to deliver such Warrant Shares (via DWAC or otherwise) until following
receipt of such payment, and the applicable Warrant Share Delivery Date shall be deemed extended by one day for each day (or part
thereof) until such payment is delivered to the Warrant Agent.

 

(d) The Warrant Agent
shall deposit all funds received by it in payment of the Exercise Price for all Warrants in the account of the Company maintained
with the Warrant Agent for such purpose (or to such other account as directed by the Company in writing) and shall advise the Company
via email at the end of each day on which notices of exercise are received or funds for the exercise of any Warrant are received
of the amount so deposited to its account.

 

Section 8. Cancellation
and Destruction of Warrant Certificates. All Warrant Certificates surrendered for the purpose of exercise, transfer, split
up, combination or exchange shall, if surrendered to the Company or to any of its agents, be delivered to the Warrant Agent for
cancellation or in canceled form, or, if surrendered to the Warrant Agent, shall be canceled by it, and no Warrant Certificate
shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver
to the Warrant Agent for cancellation and retirement, and the Warrant Agent shall so cancel and retire, any other Warrant Certificate
purchased or acquired by the Company otherwise than upon the exercise thereof. The Warrant Agent shall deliver all canceled Warrant
Certificates to the Company, or shall, at the written request of the Company, destroy such canceled Warrant Certificates, and in
such case shall deliver a certificate of destruction thereof to the Company, subject to any applicable law, rule or regulation
requiring the Warrant Agent to retain such canceled certificates.

 

Section 9. Certain
Representations; Reservation and Availability of Shares of Common Stock or Cash.

 

(a) This Agreement
has been duly authorized, executed and delivered by the Company and, assuming due authorization, execution and delivery hereof
by the Warrant Agent, constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance
with its terms, and the Warrants have been duly authorized, executed and issued by the Company and, assuming due authentication
thereof by the Warrant Agent pursuant hereto and payment therefor by the Holders as provided in the Registration Statement, constitute
valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms and entitled
to the benefits hereof; in each case except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium
and other similar laws relating to or affecting creditors’ rights generally or by general equitable principles (regardless
of whether such enforceability is considered in a proceeding in equity or at law).

 

(b) As of the date
hereof, the authorized capital stock of the Company consists of (i) four hundred and ninety million (490,000,000) shares of common
stock, of which approximately 145,331,495 shares of Common Stock are issued and outstanding as of December 31, 2018, and (ii) ten
million (10,000,000) shares of preferred stock, par value $0.001 per share, of which no shares are issued and outstanding. Except
as disclosed in the Registration Statement, there are no other outstanding obligations, warrants, options or other rights to subscribe
for or purchase from the Company any class of capital stock of the Company.

 

 

 

 

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(c) The Company covenants
and agrees that it will cause to be reserved and kept available out of its authorized and unissued shares of Common Stock or its
authorized and issued shares of Common Stock held in its treasury, free from preemptive rights, the number of shares of Common
Stock that will be sufficient to permit the exercise in full of all outstanding Warrants.

 

(d) The Warrant Agent
will create a special account for the issuance of Common Stock upon the exercise of Warrants.

 

(e) The Company further
covenants and agrees that it will pay when due and payable any and all federal and state transfer taxes and charges which may be
payable in respect of the original issuance or delivery of the Warrant Certificates or certificates evidencing Common Stock upon
exercise of the Warrants. The Company shall not, however, be required to pay any tax or governmental charge which may be payable
in respect of any transfer involved in the transfer or delivery of Warrant Certificates or the issuance or delivery of certificates
for Common Stock in a name other than that of the Holder of the Warrant Certificate evidencing Warrants surrendered for exercise
or to issue or deliver any certificate for shares of Common Stock upon the exercise of any Warrants until any such tax or governmental
charge shall have been paid (any such tax or governmental charge being payable by the Holder of such Warrant Certificate at the
time of surrender) or until it has been established to the Company’s reasonable satisfaction that no such tax or governmental
charge is due.

 

Section 10. Common
Stock Record Date. Each Person in whose name any certificate for shares of Common Stock is issued (or to whose broker’s
account is credited shares of Common Stock through the DWAC system) upon the exercise of Warrants shall for all purposes be deemed
to have become the holder of record for the Common Stock represented thereby on, and such certificate shall be dated, the date
on which submission of the Notice of Exercise was made, provided that the Warrant Certificate evidencing such Warrant is duly surrendered
(but only if required herein) and payment of the Exercise Price (and any applicable transfer taxes) is received on or prior to
the Warrant Share Delivery Date; provided, however, that if the date of submission of the Notice of Exercise is a
date upon which the Common Stock transfer books of the Company are closed, such Person shall be deemed to have become the record
holder of such shares on, and such certificate shall be dated, the next succeeding day on which the Common Stock transfer books
of the Company are open.

 

Section 11. Adjustment
of Exercise Price, Number of Shares of Common Stock or Number of the Company Warrants. The Exercise Price, the number of shares
covered by each Warrant and the number of Warrants outstanding are subject to adjustment from time to time as provided in Section
3 of the Warrant Certificate. In the event that at any time, as a result of an adjustment made pursuant to Section 3 of the Warrant
Certificate, the Holder of any Warrant thereafter exercised shall become entitled to receive any shares of capital stock of the
Company other than shares of Common Stock, thereafter the number of such other shares so receivable upon exercise of any Warrant
shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions
with respect to the shares contained in Section 3 of the Warrant Certificate and the provisions of Sections 7, 11 and 12 of this
Agreement with respect to the shares of Common Stock shall apply on like terms to any such other shares. All Warrants originally
issued by the Company subsequent to any adjustment made to the Exercise Price pursuant to the Warrant Certificate shall evidence
the right to purchase, at the adjusted Exercise Price, the number of shares of Common Stock purchasable from time to time hereunder
upon exercise of the Warrants, all subject to further adjustment as provided herein.

 

Section 12. Certification
of Adjusted Exercise Price or Number of Shares of Common Stock. Whenever the Exercise Price or the number of shares of Common
Stock issuable upon the exercise of each Warrant is adjusted as provided in Section 11 or 13, the Company shall (a) promptly prepare
a certificate setting forth the Exercise Price of each Warrant as so adjusted, and a brief statement of the facts accounting for
such adjustment, (b) promptly file with the Warrant Agent and with each transfer agent for the Common Stock a copy of such certificate
and (c) instruct the Warrant Agent to send a brief summary thereof to each Holder of a Warrant Certificate.

 

Section 13. Fractional
Shares of Common Stock.

 

(a) The Company shall
not issue fractions of Warrants or distribute Warrant Certificates which evidence fractional Warrants. Whenever any fractional
Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of
such fraction to the nearest whole Warrant (rounded down).

 

 

 

 

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(b) The Company shall
not issue fractions of shares of Common Stock upon exercise of Warrants or distribute stock certificates which evidence fractional
shares of Common Stock. Whenever any fraction of a share of Common Stock would otherwise be required to be issued or distributed,
the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Warrant Certificate.

 

Section 14. Conditions
of the Warrant Agent’s Obligations. The Warrant Agent accepts its obligations herein set forth upon the terms and conditions
hereof, including the following to all of which the Company agrees and to all of which the rights hereunder of the Holders from
time to time of the Warrant Certificates shall be subject:

 

		(a)	Compensation and Indemnification. The Company agrees promptly to pay the Warrant Agent the
compensation detailed on Exhibit 4 hereto for all services rendered by the Warrant Agent and to reimburse the Warrant Agent
for reasonable out-of-pocket expenses (including reasonable counsel fees) incurred without gross negligence or willful misconduct
finally adjudicated to have been directly caused by the Warrant Agent in connection with the services rendered hereunder by the
Warrant Agent. The Company also agrees to indemnify the Warrant Agent for, and to hold it harmless against, any loss, liability
or expense incurred without gross negligence, or willful misconduct on the part of the Warrant Agent, finally adjudicated to have
been directly caused by Warrant Agent hereunder, including the reasonable costs and expenses of defending against any claim of
such liability. The Warrant Agent shall be under no obligation to institute or defend any action, suit, or legal proceeding in
connection herewith or to take any other action likely to involve the Warrant Agent in expense, unless first indemnified to the
Warrant Agent’s satisfaction. The indemnities provided by this paragraph shall survive the resignation or discharge of the
Warrant Agent or the termination of this Agreement. Anything in this Agreement to the contrary notwithstanding, in no event shall
the Warrant Agent be liable under or in connection with the Agreement for indirect, special, incidental, punitive or consequential
losses or damages of any kind whatsoever, including but not limited to lost profits, whether or not foreseeable, even if the Warrant
Agent has been advised of the possibility thereof and regardless of the form of action in which such damages are sought, and the
Warrant Agent’s aggregate liability to the Company, or any of the Company’s representatives or agents, under this Section
14(a) or under any other term or provision of this Agreement, whether in contract, tort, or otherwise, is expressly limited to,
and shall not exceed in any circumstances, one (1) year’s fees received by the Warrant Agent as fees and charges under this
Agreement, but not including reimbursable expenses previously reimbursed to the Warrant Agent by the Company hereunder.

 

		(b)	Agent for the Company. In acting under this Warrant Agreement and in connection with the
Warrant Certificates, the Warrant Agent is acting solely as agent of the Company and does not assume any obligations or relationship
of agency or trust for or with any of the Holders of Warrant Certificates or beneficial owners of Warrants.

 

		(c)	Counsel. The Warrant Agent may consult with counsel satisfactory to it, which may include
counsel for the Company, and the written advice of such counsel shall be full and complete authorization and protection in respect
of any action taken, suffered or omitted by it hereunder in good faith and in accordance with the advice of such counsel.

 

		(d)	Documents. The Warrant Agent shall be protected and shall incur no liability for or in respect
of any action taken or omitted by it in reliance upon any Warrant Certificate, notice, direction, consent, certificate, affidavit,
statement or other paper or document reasonably believed by it to be genuine and to have been presented or signed by the proper
parties.

 

		(e)	Certain Transactions. The Warrant Agent, and its officers, directors and employees, may
become the owner of, or acquire any interest in, Warrants, with the same rights that it or they would have if it were not the Warrant
Agent hereunder, and, to the extent permitted by applicable law, it or they may engage or be interested in any financial or other
transaction with the Company and may act on, or as depositary, trustee or agent for, any committee or body of Holders of Warrant
Securities or other obligations of the Company as freely as if it were not the Warrant Agent hereunder. Nothing in this Warrant
Agreement shall be deemed to prevent the Warrant Agent from acting as trustee under any indenture to which the Company is a party.

 

 

 

 

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		(f)	No Liability for Interest. Unless otherwise agreed with the Company, the Warrant Agent shall
have no liability for interest on any monies at any time received by it pursuant to any of the provisions of this Agreement or
of the Warrant Certificates.

 

		(g)	No Liability for Invalidity. The Warrant Agent shall have no liability with respect to any
invalidity of this Agreement or the Warrant Certificates (except as to the Warrant Agent’s countersignature thereon).

 

		(h)	No Responsibility for Representations. The Warrant Agent shall not be responsible for any
of the recitals or representations herein or in the Warrant Certificate (except as to the Warrant Agent’s countersignature
thereon), all of which are made solely by the Company.

 

		(i)	No Implied Obligations. The Warrant Agent shall be obligated to perform only such duties
as are herein and in the Warrant Certificates specifically set forth and no implied duties or obligations shall be read into this
Agreement or the Warrant Certificates against the Warrant Agent. The Warrant Agent shall not be under any obligation to take any
action hereunder which may tend to involve it in any expense or liability, the payment of which within a reasonable time is not,
in its reasonable opinion, assured to it. The Warrant Agent shall not be accountable or under any duty or responsibility for the
use by the Company of any of the Warrant Certificates authenticated by the Warrant Agent and delivered by it to the Company pursuant
to this Agreement or for the application by the Company of the proceeds of the Warrant Certificate. The Warrant Agent shall have
no duty or responsibility in case of any default by the Company in the performance of its covenants or agreements contained herein
or in the Warrant Certificates or in the case of the receipt of any written demand from a Holder of a Warrant Certificate with
respect to such default, including, without limiting the generality of the foregoing, any duty or responsibility to initiate or
attempt to initiate any proceedings at law.

 

Section 15. Purchase
or Consolidation or Change of Name of Warrant Agent. Any corporation into which the Warrant Agent or any successor Warrant
Agent may be merged or with which it may be consolidated, or any corporation resulting from any merger or consolidation to which
the Warrant Agent or any successor Warrant Agent shall be party, or any corporation succeeding to the corporate trust business
of the Warrant Agent or any successor Warrant Agent, shall be the successor to the Warrant Agent under this Agreement without the
execution or filing of any paper or any further act on the part of any of the parties hereto, provided that such corporation would
be eligible for appointment as a successor Warrant Agent under the provisions of Section 17. In case at the time such successor
Warrant Agent shall succeed to the agency created by this Agreement any of the Warrant Certificates shall have been countersigned
but not delivered, any such successor Warrant Agent may adopt the countersignature of the predecessor Warrant Agent and deliver
such Warrant Certificates so countersigned; and in case at that time any of the Warrant Certificates shall not have been countersigned,
any successor Warrant Agent may countersign such Warrant Certificates either in the name of the predecessor Warrant Agent or in
the name of the successor Warrant Agent; and in all such cases such Warrant Certificates shall have the full force provided in
the Warrant Certificates and in this Agreement.

 

In case at any time
the name of the Warrant Agent shall be changed and at such time any of the Warrant Certificates shall have been countersigned but
not delivered, the Warrant Agent may adopt the countersignature under its prior name and deliver such Warrant Certificates so countersigned;
and in case at that time any of the Warrant Certificates shall not have been countersigned, the Warrant Agent may countersign such
Warrant Certificates either in its prior name or in its changed name; and in all such cases such Warrant Certificates shall have
the full force provided in the Warrant Certificates and in this Agreement.

 

Section 16. Duties
of Warrant Agent. The Warrant Agent undertakes the duties and obligations imposed by this Agreement upon the following terms
and conditions, by all of which the Company, by its acceptance hereof, shall be bound:

 

(a) The Warrant Agent
may consult with legal counsel reasonably acceptable to the Company (who may be legal counsel for the Company), and the opinion
of such counsel shall be full and complete authorization and protection to the Warrant Agent as to any action taken or omitted
by it in good faith and in accordance with such opinion.

 

 

 

    	 	9	 

     

    

 

(b) Whenever in the
performance of its duties under this Agreement the Warrant Agent shall deem it necessary or desirable that any fact or matter be
proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence
in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a certificate
signed by the Chief Executive Officer, Chief Financial Officer or Vice President of the Company; and such certificate shall be
full authentication to the Warrant Agent for any action taken or suffered in good faith by it under the provisions of this Agreement
in reliance upon such certificate.

 

(c) Subject to the
limitation set forth in Section 14, the Warrant Agent shall be liable hereunder only for its own gross negligence or willful misconduct,
or for a breach by it of this Agreement.

 

(d) The Warrant Agent
shall not be liable for or by reason of any of the statements of fact or recitals contained in this Agreement or in the Warrant
Certificate (except its countersignature thereof) by the Company or be required to verify the same, but all such statements and
recitals are and shall be deemed to have been made by the Company only.

 

(e) The Warrant Agent
shall not be under any responsibility in respect of the validity of this Agreement or the execution and delivery hereof (except
the due execution hereof by the Warrant Agent) or in respect of the validity or execution of any Warrant Certificate (except its
countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or condition contained in
this Agreement or in any Warrant Certificate; nor shall it be responsible for the adjustment of the Exercise Price or the making
of any change in the number of shares of Common Stock required under the provisions of Section 11 or 13 or responsible for the
manner, method or amount of any such change or the ascertaining of the existence of facts that would require any such adjustment
or change (except with respect to the exercise of Warrants evidenced by the Warrant Certificates after actual notice of any adjustment
of the Exercise Price); nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization
or reservation of any shares of Common Stock to be issued pursuant to this Agreement or any Warrant Certificate or as to whether
any shares of Common Stock will, when issued, be duly authorized, validly issued, fully paid and nonassessable.

 

(f) Each party hereto
agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered all
such further and other acts, instruments and assurances as may reasonably be required by the other party hereto for the carrying
out or performing by any party of the provisions of this Agreement.

 

(g) The Warrant Agent
is hereby authorized to accept instructions with respect to the performance of its duties hereunder from the Chief Executive Officer,
Chief Financial Officer or Vice President of the Company, and to apply to such officers for advice or instructions in connection
with its duties, and it shall not be liable and shall be indemnified and held harmless for any action taken or suffered to be taken
by it in good faith in accordance with instructions of any such officer, provided Warrant Agent carries out such instructions without
gross negligence or willful misconduct.

 

(h) The Warrant Agent
and any shareholder, director, officer or employee of the Warrant Agent may buy, sell or deal in any of the Warrants or other securities
of the Company or become pecuniarily interested in any transaction in which the Company may be interested, or contract with or
lend money to the Company or otherwise act as fully and freely as though it were not Warrant Agent under this Agreement. Nothing
herein shall preclude the Warrant Agent from acting in any other capacity for the Company or for any other legal entity.

 

(i) The Warrant Agent
may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself or by or through
its attorney or agents, and the Warrant Agent shall not be answerable or accountable for any act, default, neglect or misconduct
of any such attorney or agents or for any loss to the Company resulting from any such act, default, neglect or misconduct, provided
reasonable care was exercised in the selection and continued employment thereof.

 

 

 

 

 

    	 	10	 

     

    

 

Section 17. Change
of Warrant Agent. The Warrant Agent may resign and be discharged from its duties under this Agreement upon 30 days’ notice
in writing sent to the Company and to each transfer agent of the Common Stock, and to the Holders of the Warrant Certificates.
The Company may remove the Warrant Agent or any successor Warrant Agent upon 30 days’ notice in writing, sent to the Warrant
Agent or successor Warrant Agent, as the case may be, and to each transfer agent of the Common Stock, and to the Holders of the
Warrant Certificates. If the Warrant Agent shall resign or be removed or shall otherwise become incapable of acting, the Company
shall appoint a successor to the Warrant Agent. If the Company shall fail to make such appointment within a period of 30 days after
such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Warrant
Agent or by the Holder of a Warrant Certificate (who shall, with such notice, submit his Warrant Certificate for inspection by
the Company), then the Holder of any Warrant Certificate may apply to any court of competent jurisdiction for the appointment of
a new Warrant Agent, provided that, for purposes of this Agreement, the Company shall be deemed to be the Warrant Agent until a
new warrant agent is appointed. Any successor Warrant Agent, whether appointed by the Company or by such a court, shall be a corporation
organized and doing business under the laws of the United States or of a state thereof, in good standing, which is authorized under
such laws to exercise corporate trust powers and is subject to supervision or examination by federal or state authority and which
has at the time of its appointment as Warrant Agent a combined capital and surplus of at least $50,000,000. After appointment,
the successor Warrant Agent shall be vested with the same powers, rights, duties and responsibilities as if it had been originally
named as Warrant Agent without further act or deed; but the predecessor Warrant Agent shall deliver and transfer to the successor
Warrant Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or
deed necessary for the purpose. Not later than the effective date of any such appointment, the Company shall file notice thereof
in writing with the predecessor Warrant Agent and each transfer agent of the Common Stock, and mail a notice thereof in writing
to the Holders of the Warrant Certificates. However, failure to give any notice provided for in this Section 17, or any defect
therein, shall not affect the legality or validity of the resignation or removal of the Warrant Agent or the appointment of the
successor Warrant Agent, as the case may be.

 

Section 18. Issuance
of New Warrant Certificates. Notwithstanding any of the provisions of this Agreement or of the Warrants to the contrary, the
Company may, at its option, issue new Warrant Certificates evidencing Warrants in such form as may be approved by its Board of
Directors to reflect any adjustment or change in the Exercise Price per share and the number or kind or class of shares of stock
or other securities or property purchasable under the several Warrant Certificates made in accordance with the provisions of this
Agreement.

 

Section 19. Notices.
Notices or demands authorized by this Agreement to be given or made (i) by the Warrant Agent or by the Holder of any Warrant Certificate
to or on the Company, (ii) subject to the provisions of Section 17, by the Company or by the Holder of any Warrant Certificate
to or on the Warrant Agent or (iii) by the Company or the Warrant Agent to the Holder of any Warrant Certificate shall be deemed
given (a) on the date delivered, if delivered personally, (b) on the first Business Day following the deposit thereof with Federal
Express or another recognized overnight courier, if sent by Federal Express or another recognized overnight courier, (c) on the
fourth Business Day following the mailing thereof with postage prepaid, if mailed by registered or certified mail (return receipt
requested), and (d) the date of transmission, if such notice or communication is delivered via facsimile or email attachment at
or prior to 5:30 p.m. (New York City time) on a Business Day and (e) the next Business Day after the date of transmission, if such
notice or communication is delivered via facsimile or email attachment on a day that is not a Business Day or later than 5:30 p.m.
(New York City time) on any Business Day, in each case to the parties at the following addresses (or at such other address for
a party as shall be specified by like notice):

 

		(a)	If to the Company, to:
	 	 	Envision Solar International, Inc.

c/o Desmond Wheatley, CEO

Eastgate Drive

San Diego, CA 92121

 

		(b)	If to the Warrant Agent, to:
	 	 	Corporate
Stock Transfer, Inc.

3200 Cherry Creek South Drive #430

Denver, CO 80209

 

 

 

 

    	 	11	 

     

    

 

For any notice delivered by email to be
deemed given or made, such notice must be followed by notice sent by overnight courier service to be delivered on the next business
day following such email, unless the recipient of such email has acknowledged via return email receipt of such email.

 

(c) If to the Holder
of any Warrant Certificate to the address of such Holder as shown on the registry books of the Company. Any notice required to
be delivered by the Company to the Holder of any Warrant may be given by the Warrant Agent on behalf of the Company. Notwithstanding
any other provision of this Agreement, where this Agreement provides for notice of any event to a Holder of any Warrant, such notice
shall be sufficiently given if given to the Depositary (or its designee) pursuant to the procedures of the Depositary or its designee.

 

Section 20. Supplements
and Amendments.

 

(a) The Company and
the Warrant Agent may from time to time supplement or amend this Agreement without the approval of any Holders of Global Warrants
in order to add to the covenants and agreements of the Company for the benefit of the Holders of the Global Warrants or to surrender
any rights or power reserved to or conferred upon the Company in this Agreement, provided that such addition or surrender shall
not adversely affect the interests of the Holders of the Global Warrants or Warrant Certificates in any material respect.

 

(b) In addition to
the foregoing, with the consent of Holders of Warrants entitled, upon exercise thereof, to receive not less than a majority of
the shares of Common Stock issuable thereunder, the Company and the Warrant Agent may modify this Agreement for the purpose of
adding any provisions to or changing in any manner or eliminating any of the provisions of this Warrant Agreement or modifying
in any manner the rights of the Holders of the Global Warrants; provided, however, that no modification of the terms
(including but not limited to the adjustments described in Section 11) upon which the Warrants are exercisable or the rights of
holders of Warrants to receive liquidated damages or other payments in cash from the Company or reducing the percentage required
for consent to modification of this Agreement may be made without the consent of the Holder of each outstanding Warrant Certificate
affected thereby; provided further, however, that no amendment hereunder shall affect any terms of any Warrant Certificate
issued in a Warrant Exchange. As a condition precedent to the Warrant Agent’s execution of any amendment, the Company shall
deliver to the Warrant Agent a certificate from a duly authorized officer of the Company that states that the proposed amendment
complies with the terms of this Section 20.

 

Section 21. Successors.
All covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall bind and inure to
the benefit of their respective successors and assigns hereunder.

 

Section 22. Benefits
of this Agreement. Nothing in this Agreement shall be construed to give any Person other than the Company, the Holders of Warrant
Certificates and the Warrant Agent any legal or equitable right, remedy or claim under this Agreement. This Agreement shall be
for the sole and exclusive benefit of the Company, the Warrant Agent and the Holders of the Warrant Certificates.

 

Section 23. Governing
Law. This Agreement and each Warrant Certificate and Global Warrant issued hereunder shall be governed by, and construed in
accordance with, the laws of the State of New York, without giving effect to the conflicts of law principles thereof.

 

Section 24. Counterparts.
This Agreement may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and all such counterparts shall together constitute but one and the same instrument.

 

Section 25. Captions.
The captions of the sections of this Agreement have been inserted for convenience only and shall not control or affect the meaning
or construction of any of the provisions hereof.

 

 

    	 	12	 

     

    

 

Section 26. Information.
The Company agrees to promptly provide to the Holders of the Warrants any information it provides to the holders of the Common
Stock, except to the extent any such information is publicly available on the EDGAR system (or any successor thereof) of the Securities
and Exchange Commission.

 

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

 

 

	 	ENVISION SOLAR INTERNATIONAL, INC.
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	 
	 	CORPORATE STOCK TRANSFER, INC.
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

 

 

 

 

 

 

 

 

 

 

 

    	 	13	 

     

    

 

Exhibit 1

 

Form of Warrant Certificate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	14	 

     

    

 

COMMON STOCK PURCHASE WARRANT

 

ENVISION
SOLAR INTERNATIONAL, INC.

 

	Warrant Shares: [_______]	Initial Exercise Date: [_______, 2019

 

 

THIS COMMON STOCK PURCHASE
WARRANT (the “Warrant”) certifies that, for value received, _____________ or its assigns (the “Holder”)
is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on
or after the date hereof (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on
[_____], 20231 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Envision
Solar International, Inc., a company incorporated under the laws of the State of Nevada (the “Company”), up
to [___] shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price
of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant
shall initially be issued and maintained in the form of a security held in book-entry form and the Depository Trust Company or
its nominee (“DTC”) shall initially be the sole registered holder of this Warrant, subject to a Holder’s
right to elect to receive a Warrant in certificated form pursuant to the terms of the Warrant Agency Agreement, in which case
this sentence shall not apply.

 

Section 1.Definitions.
In addition to the terms defined elsewhere in this Warrant, the following terms have the meanings indicated in this Section 1:

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Bid
Price” means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common
Stock is then listed or quoted on a Trading Market, the bid price of the Common Stock for the time in question (or the nearest
preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on
a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b)  if OTCQB or OTCQX is not a Trading
Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as
applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock
are then reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency succeeding
to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all
other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith
by the Holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and
expenses of which shall be paid by the Company.

 

“Board
of Directors” means the board of directors of the Company.

 

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or
any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to
close.

 

“Commission”
means the United States Securities and Exchange Commission.

 

“Common
Stock” means the common stock of the Company, par value $0.001 per share, and any other class of securities into which
such securities may hereafter be reclassified or changed.

 

 

 

 

1 Insert the date that is the 5th year
anniversary of the Initial Exercise Date; provided, however, that, if such date is not a Trading Day, insert the immediately following
Trading Day.

 

    	 	15	 

     

    

 

“Common
Stock Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to
acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument
that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common
Stock.

 

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

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Registration
Statement” means the Company’s registration statement on Form S-1, as amended (File No. 333-226040).

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Trading
Day” means a day on which the Common Stock is traded on a Trading Market.

 

“Trading
Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on
the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market,
the New York Stock Exchange, OTCQB or OTCQX (or any successors to any of the foregoing).

 

“Transfer
Agent” means Corporate Stock Transfer, Inc., the current transfer agent of the Company, with a mailing address of 3200
Cherry Creek South Drive # 430, Denver, CO 80209 and a facsimile number of [_______________], and any successor transfer
agent of the Company.

 

“Underwriting
Agreement” means the underwriting agreement, dated as of [___], 2019 among the Company and Maxim Group LLC as representative
of the underwriters named therein, as amended, modified or supplemented from time to time in accordance with its terms.

“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed
or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding
date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading
Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b)  if OTCQB or OTCQX is not a Trading Market,
the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable,
(c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then
reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency succeeding
to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all
other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith
by the holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and
expenses of which shall be paid by the Company.

 

“Warrant
Agency Agreement” means that certain warrant agency agreement, dated on or about the Initial Exercise Date, between the
Company and the Warrant Agent.

 

“Warrant
Agent” means the Transfer Agent and any successor warrant agent of the Company.

 

“Warrants”
means this Warrant and other Common Stock purchase warrants issued by the Company pursuant to the Registration Statement.

 

 

 

 

 

    	 	16	 

     

    

 

Section 2.Exercise.

 

a)                  
Exercise of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part,
at any time or times on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company of
a duly executed facsimile copy (or e-mail attachment) of the Notice of Exercise in the form annexed hereto (the “Notice
of Exercise”). Within the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard
Settlement Period (as defined in Section 2(d)(i) herein) following the date of exercise as aforesaid, the Holder shall deliver
the aggregate Exercise Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier’s
check drawn on a United States bank unless the cashless exercise procedure specified in Section 2(c) below is specified in the
applicable Notice of Exercise. No ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other
type of guarantee or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to the contrary, the
Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant
Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to
the Company for cancellation within three (3) Trading Days of the date on which the final Notice of Exercise is delivered to the
Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available
hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to
the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant
Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one (1)
Business Day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that,
by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number
of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.

 

Notwithstanding the foregoing
in this Section 2(a), a holder whose interest in this Warrant is a beneficial interest in certificate(s) representing this Warrant
held in book-entry form through DTC (or another established clearing corporation performing similar functions), shall effect exercises
made pursuant to this Section 2(a) by delivering to DTC (or such other clearing corporation, as applicable) the appropriate instruction
form for exercise, complying with the procedures to effect exercise that are required by DTC (or such other clearing corporation,
as applicable), subject to a Holder’s right to elect to receive a Definitive Certificate as defined in and pursuant to the
terms of the Warrant Agency Agreement, in which case this sentence shall not apply.

 

b)                  
Exercise Price. The exercise price per share of Common Stock under this Warrant shall be $[_____]2, subject
to adjustment hereunder (the “Exercise Price”).

 

c)                  
Cashless Exercise. If at the time of exercise hereof there is no effective registration statement registering, or
the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also
be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled
to receive a number of Warrant Shares equal to the quotient obtained by dividing ((A-B)(X)) by (A), where:

 

(A) = as applicable:
(i) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise if such Notice of Exercise
is (1) both executed and delivered pursuant to Section 2(a) hereof on a day that is not a Trading Day or (2) both executed and
delivered pursuant to Section 2(a) hereof on a Trading Day prior to the opening of “regular trading hours” (as defined
in Rule 600(b)(64) of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii) at the option of
the Holder, either (y) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise or (z) the
Bid Price of the Common Stock on the principal Trading Market as reported by Bloomberg L.P. as of the time of the Holder’s
execution of the applicable Notice of Exercise if such Notice of Exercise is executed during “regular trading hours”
on a Trading Day and is delivered within two (2) hours thereafter (including until two (2) hours after the close of “regular
trading hours” on a Trading Day) pursuant to Section 2(a) hereof or (iii) the VWAP on the date of the applicable Notice of
Exercise if the date of such Notice of Exercise is a Trading Day and such Notice of Exercise is both executed and delivered pursuant
to Section 2(a) hereof after the close of “regular trading hours” on such Trading Day;

 

 

 

 

2 Insert [__]% of
the price of each share of common stock sold in the Offering.

 

    	 	17	 

     

    

 

(B) = the
Exercise Price of this Warrant, as adjusted hereunder; and

 

(X) =
the number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant
if such exercise were by means of a cash exercise rather than a cashless exercise.

 

If Warrant
Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9) of the
Securities Act, the Warrant Shares shall take on the registered characteristics of the Warrants being exercised. The Company agrees
not to take any position contrary to this Section 2(c).

 

Notwithstanding
anything herein to the contrary, on the Termination Date, this Warrant shall be automatically exercised via cashless exercise pursuant
to this Section 2(c).

 

d)                  
Mechanics of Exercise.

 

		i.	Delivery of Warrant Shares Upon Exercise. The Company shall cause the Warrant Shares purchased
hereunder to be transmitted by the Transfer Agent to the Holder by crediting the account of the Holder’s or its designee’s
balance account with The Depository Trust Company through its Deposit or Withdrawal at Custodian system (“DWAC”)
if the Company is then a participant in such system and either (A) there is an effective registration statement permitting the
issuance of the Warrant Shares to or resale of the Warrant Shares by Holder or (B) this Warrant is being exercised via cashless
exercise, and otherwise by physical delivery of a certificate, registered in the Company’s share register in the name of
the Holder or its designee, for the number of Warrant Shares to which the Holder is entitled pursuant to such exercise to the address
specified by the Holder in the Notice of Exercise by the date that is the earliest of (i) two (2) Trading Days after the delivery
to the Company of the Notice of Exercise, (ii) one (1) Trading Day after delivery of the aggregate Exercise Price to the Company
and (iii) the number of Trading Days comprising the Standard Settlement Period after the delivery to the Company of the Notice
of Exercise (such date, the “Warrant Share Delivery Date”). Upon delivery of the Notice of Exercise, the Holder
shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this
Warrant has been exercised, irrespective of the date of delivery of the Warrant Shares, provided that payment of the aggregate
Exercise Price (other than in the case of a cashless exercise) is received within the earlier of (i) two (2) Trading Days and (ii)
the number of Trading Days comprising the Standard Settlement Period following delivery of the Notice of Exercise. If the Company
fails for any reason to deliver to the Holder the Warrant Shares subject to a Notice of Exercise by the Warrant Share Delivery
Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares
subject to such exercise (based on the VWAP of the Common Stock on the date of the applicable Notice of Exercise), $10 per Trading
Day (increasing to $20 per Trading Day on the fifth Trading Day after such liquidated damages begin to accrue) for each Trading
Day after such Warrant Share Delivery Date until such Warrant Shares are delivered or Holder rescinds such exercise. The Company
agrees to maintain a transfer agent that is a participant in the FAST program so long as this Warrant remains outstanding and exercisable.
As used herein, “Standard Settlement Period” means the standard settlement period, expressed in a number of
Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery
of the Notice of Exercise.

 

 

    	 	18	 

     

    

 

 

	 	ii.	Delivery of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at
the request of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver
to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant,
which new Warrant shall in all other respects be identical with this Warrant.

 

	 	iii.	Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares
pursuant to Section 2(d)(i) by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

 

	 	iv.	Compensation for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights
available to the Holder, if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares in accordance
with the provisions of Section 2(d)(i) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after
such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage
firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which
the Holder anticipated receiving upon such exercise (a “Buy-In”), then the Company shall (A) pay in cash to
the Holder the amount, if any, by which (x) the Holder’s total purchase price (including brokerage commissions, if any) for
the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that the
Company was required to deliver to the Holder in connection with the exercise at issue times (2) the price at which the sell order
giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion of the
Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be deemed
rescinded) or deliver to the Holder the number of shares of Common Stock that would have been issued had the Company timely complied
with its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase
price of $11,000 to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate sale price
giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be
required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable to the Holder
in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder’s
right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific
performance and/or injunctive relief with respect to the Company’s failure to timely deliver shares of Common Stock upon
exercise of the Warrant as required pursuant to the terms hereof.

 

	 	v.	
No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon
the exercise of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such
exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal
to such fraction multiplied by the Exercise Price or round up to the next whole share.

 

	 	vi.	
Charges, Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue
or transfer tax or other incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses
shall be paid by the Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may
be directed by the Holder; provided, however, that in the event that Warrant Shares are to be issued in a name other
than the name of the Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto
duly executed by the Holder and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it
for any transfer tax incidental thereto. The Company shall pay all Transfer Agent fees required for same-day processing of any
Notice of Exercise and all fees to the Depository Trust Company (or another established clearing corporation performing similar
functions) required for same-day electronic delivery of the Warrant Shares.

 

 

 

 

    	 	19	 

     

    

 

	 	vii.	Closing of Books. The Company will not close its stockholder books or records in any manner which prevents the timely exercise
of this Warrant, pursuant to the terms hereof.

 

e)                  
Holder’s Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall
not have the right to exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving
effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s
Affiliates, and any other Persons acting as a group together with the Holder or any of the Holder’s Affiliates (such Persons,
“Attribution Parties”)), would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). 
For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates
and Attribution Parties shall include the number of shares of Common Stock issuable upon exercise of this Warrant with respect
to which such determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon
(i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates or
Attribution Parties and (ii) exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company
(including, without limitation, any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous
to the limitation contained herein beneficially owned by the Holder or any of its Affiliates or Attribution Parties.  Except
as set forth in the preceding sentence, for purposes of this Section 2(e), beneficial ownership shall be calculated in accordance
with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged by the Holder
that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act
and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation
contained in this Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation to other securities
owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall
be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination
of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution
Parties) and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and
the Company shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to
any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and
regulations promulgated thereunder. For purposes of this Section 2(e), in determining the number of outstanding shares of Common
Stock, a Holder may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company’s most recent
periodic or annual report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or
(C) a more recent written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. 
Upon the written or oral request of a Holder, the Company shall within one Trading Day confirm orally and in writing to the Holder
the number of shares of Common Stock then outstanding.  In any case, the number of outstanding shares of Common Stock shall
be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder
or its Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common Stock was reported.
The “Beneficial Ownership Limitation” shall be 4.99% (or, upon election by a Holder prior to the issuance of
any Warrants, 9.99%) of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of
shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon notice to the Company, may increase or decrease
the Beneficial Ownership Limitation provisions of this Section 2(e), provided that the Beneficial Ownership Limitation in no event
exceeds 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares
of Common Stock upon exercise of this Warrant held by the Holder and the provisions of this Section 2(e) shall continue to apply.
Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered
to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity
with the terms of this Section 2(e) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with
the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to properly
give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

 

 

 

    	 	20	 

     

    

 

Section 3.Certain
Adjustments.

 

a)      
Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend
or otherwise makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities
payable in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company
upon exercise of this Warrant), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines
(including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or (iv) issues by
reclassification of shares of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price
shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares,
if any) outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding
immediately after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately adjusted
such that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(a)
shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend
or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

 

b)      
Subsequent Rights Offerings. In addition to any adjustments pursuant to Section 3(a) above, if at any time the Company
grants, issues or sells any Common Stock Equivalents or rights to purchase stock, warrants, securities or other property pro rata
to the record holders of any class of shares of Common Stock (the “Purchase Rights”), then the Holder will be
entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have
acquired if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without
regard to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before
the date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the
date as of which the record holders of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase
Rights (provided, however, to the extent that the Holder’s right to participate in any such Purchase Right would result in
the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Purchase
Right to such extent (or beneficial ownership of such shares of Common Stock as a result of such Purchase Right to such extent)
and such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto
would not result in the Holder exceeding the Beneficial Ownership Limitation).

 

c)      
Pro Rata Distributions. During such time as this Warrant is outstanding, if the Company shall declare or make any
dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of
return of capital or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or
options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction)
(a "Distribution"), at any time after the issuance of this Warrant, then, in each such case, the Holder shall
be entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder
had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations
on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a record
is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock
are to be determined for the participation in such Distribution (provided, however, to the extent that the Holder's
right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation, then the
Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any shares of
Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance for
the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial
Ownership Limitation).

 

 

 

 

 

    	 	21	 

     

    

 

d)      
Fundamental Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly,
in one or more related transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company,
directly or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially
all of its assets in one or a series of related transactions, (iii) any, direct or indirect, purchase offer, tender offer or exchange
offer (whether by the Company or another Person) is completed pursuant to which holders of Common Stock are permitted to sell,
tender or exchange their shares for other securities, cash or property and has been accepted by the holders of 50% or more of the
outstanding Common Stock, (iv) the Company, directly or indirectly, in one or more related transactions effects any reclassification,
reorganization or recapitalization of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively
converted into or exchanged for other securities, cash or property, or (v) the Company,
directly or indirectly, in one or more related transactions consummates a stock or share purchase agreement or other business combination
(including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with another Person or group
of Persons whereby such other Person or group acquires more than 50% of the outstanding shares of Common Stock (not including any
shares of Common Stock held by the other Person or other Persons making or party to, or associated or affiliated with the other
Persons making or party to, such stock or share purchase agreement or other business combination) (each a “Fundamental
Transaction”), then, upon any subsequent exercise of this Warrant, the Holder shall have the right to receive, for each
Warrant Share that would have been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction,
at the option of the Holder (without regard to any limitation in Section 2(e) on the exercise of this Warrant), the number of shares
of Common Stock of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and any additional
consideration (the “Alternate Consideration”) receivable as a result of such Fundamental Transaction by a holder
of the number of shares of Common Stock for which this Warrant is exercisable immediately prior to such Fundamental Transaction
(without regard to any limitation in Section 2(e) on the exercise of this Warrant). For purposes of any such exercise, the determination
of the Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate
Consideration issuable in respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion
the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components
of the Alternate Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received
in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon
any exercise of this Warrant following such Fundamental Transaction. Notwithstanding anything to the contrary, in the event of
a Fundamental Transaction, the Company or any Successor Entity (as defined below) shall, at the Holder’s option, exercisable
at any time concurrently with, or within 30 days after, the consummation of the Fundamental Transaction (or, if later, the date
of the public announcement of the applicable Fundamental Transaction), purchase this Warrant from the Holder by paying to the Holder
an amount of cash equal to the Black Scholes Value of the remaining unexercised portion of this Warrant on the date of the consummation
of such Fundamental Transaction; provided, however, if the Fundamental Transaction is not within the Company's control,
including not approved by the Company's Board of Directors, the Holder shall only be entitled to receive from the Company or any
Successor Entity, as of the date of consummation of such Fundamental Transaction, the same type or form of consideration (and in
the same proportion), at the Black Scholes Value of the unexercised portion of this Warrant, that is being offered and paid to
the holders of Common Stock of the Company in connection with the Fundamental Transaction, whether that consideration be in the
form of cash, stock or any combination thereof, or whether the holders of Common Stock are given the choice to receive from among
alternative forms of consideration in connection with the Fundamental Transaction. “Black Scholes Value” means
the value of this Warrant based on the Black and Scholes Option Pricing Model obtained from the “OV” function on Bloomberg,
L.P. (“Bloomberg”) determined as of the day of consummation of the applicable Fundamental Transaction for pricing
purposes and reflecting (A) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the time between
the date of the public announcement of the applicable Fundamental Transaction and the Termination Date, (B) an expected volatility
equal to the greater of 100% and the 100 day volatility obtained from the HVT function on Bloomberg as of the Trading Day immediately
following the public announcement of the applicable Fundamental Transaction, (C) the underlying price per share used in such calculation
shall be the greater of (i) the sum of the price per share being offered in cash, if any, plus the value of any non-cash consideration,
if any, being offered in such Fundamental Transaction and (ii) the greater of (x) the last VWAP immediately prior to the public
announcement of such Fundamental Transaction and (y) the last VWAP immediately prior to the consummation of such Fundamental Transaction
and (D) a remaining option time equal to the time between the date of the public announcement of the applicable Fundamental Transaction
and the Termination Date. The payment of the Black Scholes Value will be made by wire transfer of immediately available funds within
five Business Days of the Holder’s election (or, if later, on the effective date of the Fundamental Transaction). The Company
shall cause any successor entity in a Fundamental Transaction in which the Company is not the survivor (the “Successor
Entity”) to assume in writing all of the obligations of the Company under this Warrant in accordance with the provisions
of this Section 3(e) pursuant to written agreements in form and substance reasonably satisfactory to the Holder and approved by
the Holder (without unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the Holder, deliver to
the Holder in exchange for this Warrant a security of the Successor Entity evidenced by a written instrument substantially similar
in form and substance to this Warrant which is exercisable for a corresponding number of shares of capital stock of such Successor
Entity (or its parent entity) equivalent to the shares of Common Stock acquirable and receivable upon exercise of this Warrant
(without regard to any limitations on the exercise of this Warrant) prior to such Fundamental Transaction, and with an exercise
price which applies the exercise price hereunder to such shares of capital stock (but taking into account the relative value of
the shares of Common Stock pursuant to such Fundamental Transaction and the value of such shares of capital stock, such number
of shares of capital stock and such exercise price being for the purpose of protecting the economic value of this Warrant immediately
prior to the consummation of such Fundamental Transaction), and which is reasonably satisfactory in form and substance to the Holder.
Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that
from and after the date of such Fundamental Transaction, the provisions of this Warrant referring to the “Company”
shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the
obligations of the Company under this Warrant with the same effect as if such Successor Entity had been named as the Company herein.

 

 

 

    	 	22	 

     

    

 

e)      
Calculations. All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a
share, as the case may be. For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding
as of a given date shall be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

 

f)       
Notice to Holder.

 

i.     
Adjustment to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3,
the Company shall promptly deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment
and any resulting adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

ii.     
Notice to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever
form) on the Common Stock, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common
Stock, (C) the Company shall authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or purchase
any shares of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall be required
in connection with any reclassification of the Common Stock, any consolidation or merger to which the Company is a party, any sale
or transfer of all or substantially all of the assets of the Company, or any compulsory share exchange whereby the Common Stock
is converted into other securities, cash or property, or (E) the Company shall authorize the voluntary or involuntary dissolution,
liquidation or winding up of the affairs of the Company, then, in each case, the Company shall cause to be delivered by facsimile
or email to the Holder at its last facsimile number or email address as it shall appear upon the Warrant Register of the Company,
at least 20 calendar days prior to the applicable record or effective date hereinafter specified, a notice stating (x) the date
on which a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record
is not to be taken, the date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions,
redemption, rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale,
transfer or share exchange is expected to become effective or close, and the date as of which it is expected that holders of the
Common Stock of record shall be entitled to exchange their shares of the Common Stock for securities, cash or other property deliverable
upon such reclassification, consolidation, merger, sale, transfer or share exchange; provided that the failure to deliver such
notice or any defect therein or in the delivery thereof shall not affect the validity of the corporate action required to be specified
in such notice. To the extent that any notice provided in this Warrant constitutes, or contains, material, non-public information
regarding the Company or any of the Subsidiaries, the Company shall simultaneously file such notice with the Commission pursuant
to a Current Report on Form 8-K. The Holder shall remain entitled to exercise this Warrant during the period commencing on the
date of such notice to the effective date of the event triggering such notice except as may otherwise be expressly set forth herein.

 

 

 

 

    	 	23	 

     

    

 

Section 4.Transfer
of Warrant.

 

a)      
Transferability. This Warrant and all rights hereunder (including, without limitation, any registration rights) are
transferable, in whole or in part, upon surrender of this Warrant at the principal office of the Company or its designated agent,
together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder or its
agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer. Upon such surrender
and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or
assignees, as applicable, and in the denomination or denominations specified in such instrument of assignment, and shall issue
to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled.
Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company
unless the Holder has assigned this Warrant in full, in which case, the Holder shall surrender this Warrant to the Company within
three (3) Trading Days of the date on which the Holder delivers an assignment form to the Company assigning this Warrant in full.
The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without
having a new Warrant issued.

 

b)      
New Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid
office of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued,
signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved
in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or
Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated
the initial issuance date of this Warrant and shall be identical with this Warrant except as to the number of Warrant Shares issuable
pursuant thereto.

 

c)      
Warrant Register. The Warrant Agent (or, in the event a Holder elects to receive a Definitive Certificate (as defined
in the Warrant Agency Agreement), the Company) shall register this Warrant, upon records to be maintained by the Warrant Agent
(or, in the event a Holder elects to receive a Definitive Certificate, the Company) for that purpose (the “Warrant Register”),
in the name of the record Holder hereof from time to time. The Company and the Warrant Agent may deem and treat the registered
Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and
for all other purposes, absent actual notice to the contrary.

 

Section 5.Miscellaneous.

 

a)      
No Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividends
or other rights as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly
set forth in Section 3.

 

b)      
Loss, Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence
reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to
the Warrant Shares, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in
the case of the Warrant, shall not include the posting of any bond), and upon surrender and cancellation of such Warrant or stock
certificate, if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such
cancellation, in lieu of such Warrant or stock certificate.

 

c)      
Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of
any right required or granted herein shall not be a Business Day, then, such action may be taken or such right may be exercised
on the next succeeding Business Day.

 

 

 

 

    	 	24	 

     

    

 

d)      
Authorized Shares.

 

The Company
covenants that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued Common Stock a sufficient
number of shares to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant.
The Company further covenants that its issuance of this Warrant shall constitute full authority to its officers who are charged
with the duty of issuing the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company
will take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without
violation of any applicable law or regulation, or of any requirements of the Trading Market upon which the Common Stock may be
listed. The Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights represented
by this Warrant will, upon exercise of the purchase rights represented by this Warrant and payment for such Warrant Shares in accordance
herewith, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges created by
the Company in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such
issue).

 

Except and
to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending
its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or
sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this
Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions
as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting
the generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above the amount payable
therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may be necessary or appropriate
in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant
and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory
body having jurisdiction thereof, as may be, necessary to enable the Company to perform its obligations under this Warrant.

 

Before taking
any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the
Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary
from any public regulatory body or bodies having jurisdiction thereof.

 

e)      
Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Warrant
shall be governed by and construed and enforced in accordance with the internal laws of the State of New York, without regard to
the principles of conflicts of law thereof. The Company agrees that it hereby irrevocably submits to the exclusive jurisdiction
of the state and federal courts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder
or in connection herewith or with any transaction contemplated hereby or discussed herein that is brought against a party hereto
(or their respective affiliates, directors, officers, shareholders, partners, members, employees or agents), and the Company hereby
irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not subject to the jurisdiction
of any such court, that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding. Each party
hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding
by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the
address in effect for notices to it under this Warrant and agrees that such service shall constitute good and sufficient service
of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other
manner permitted by law. If either party shall commence an action, suit or proceeding to enforce any provisions of this Warrant,
the prevailing party in such action, suit or proceeding shall be reimbursed by the other party for their reasonable attorneys’
fees and other costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding.

 

 

 

 

    	 	25	 

     

    

 

 f)       
Reserved. 

 

g)      
Restrictions. The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not
registered, and the Holder does not utilize cashless exercise, will have restrictions upon resale imposed by state and federal
securities laws.

 

h)      
Nonwaiver and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part
of Holder shall operate as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies. Without
limiting any other provision of this Warrant, if the Company willfully and knowingly fails to comply with any provision of this
Warrant, which results in any material damages to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient
to cover any costs and expenses including, but not limited to, reasonable attorneys’ fees, including those of appellate proceedings,
incurred by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies
hereunder.

 

i)        
Notices. Any and all notices or other communications or deliveries to be provided by the Holders
hereunder including, without limitation, any Notice of Exercise, shall be in writing and delivered personally, or e-mail, or sent
by a nationally recognized overnight courier service, addressed to the Company, at 5660 Eastgate Dr., San Diego, California 92121,
Attention: Desmond Wheatley, email address: Desmond.Wheatley@EnvisionSolar.com, or such other facsimile number, email address or
address as the Company may specify for such purposes by notice to the Holders. Any and all notices or other communications or deliveries
to be provided by the Company hereunder shall be in writing and delivered personally, by facsimile or e-mail, or sent by a nationally
recognized overnight courier service addressed to each Holder at the facsimile number, e-mail address or address of such Holder
appearing on the books of the Company. Any notice or other communication or deliveries hereunder shall be deemed given and effective
on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number
or via e-mail at the e-mail address set forth in this Section prior to 5:30 p.m. (New York City time) on any date, (ii) the next
Trading Day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number
or via e-mail at the e-mail address set forth in this Section on a day that is not a Trading Day or later than 5:30 p.m. (New York
City time) on any Trading Day, (iii) the second Trading Day following the date of mailing, if sent by U.S. nationally recognized
overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required to be given. To the extent
that any notice provided hereunder constitutes, or contains, material, non-public information regarding the Company or any subsidiaries,
the Company shall simultaneously file such notice with the Commission pursuant to a Current Report on Form 8-K.

 

j)       
Limitation of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise
this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to
any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability
is asserted by the Company or by creditors of the Company.

 

 

 

 

    	 	26	 

     

    

 

k)      
Remedies. The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of
damages, will be entitled to specific performance of its rights under this Warrant. The Company agrees that monetary damages would
not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees
to waive and not to assert the defense in any action for specific performance that a remedy at law would be adequate.

 

l)        
Successors and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced
hereby shall inure to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors
and permitted assigns of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time
of this Warrant and shall be enforceable by the Holder or holder of Warrant Shares.

 

m)    
Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the
Company, on the one hand, and the Holder or the beneficial owner of this Warrant, on the other hand.

 

n)      
Severability. Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such
provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions
or the remaining provisions of this Warrant.

 

o)      
Headings. The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose,
be deemed a part of this Warrant.

 

p)      
Warrant Agency Agreement. If this Warrant is held in global form through DTC (or any successor depositary), this
Warrant is issued subject to the Warrant Agency Agreement. To the extent any provision of this Warrant conflicts with the express
provisions of the Warrant Agency Agreement, the provisions of this Warrant shall govern and be controlling.

 

IN WITNESS WHEREOF, the
Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first above indicated.

 

 

	 	ENVISION SOLAR INTERNATIONAL, INC.

	 	 	 
	 	 	 
	 	By:	
         
	 
	 	 	Name:	 
	 	 	Title:	 

 

 

 

 

 

    	 	27	 

     

    

 

NOTICE OF EXERCISE

 

To:     ENVISION
SOLAR INTERNATIONAL, INC.

 

(1)  
The undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant
to the terms of the attached Warrant (only if exercised in full), and tenders herewith payment of the exercise price in full, together
with all applicable transfer taxes, if any.

 

(2)  
Payment shall take the form of (check applicable box):

 

[ ] in lawful money of the United
States; or

 

[ ] [if permitted the cancellation
of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection 2(c), to exercise this
Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure set forth
in subsection 2(c).

 

(3)  
Please issue said Warrant Shares in the name of the undersigned or in such other name as is
specified below:

 

_______________________________

 

 

The Warrant Shares shall be delivered to
the following DWAC Account Number:

 

_______________________________

 

_______________________________

 

_______________________________

 

 

[SIGNATURE
OF HOLDER]

 

Name of Investing Entity: _______________________________________________________________________

Signature of Authorized Signatory of
Investing Entity: _________________________________________________

Name of Authorized Signatory: ___________________________________________________________________

Title of Authorized Signatory: ____________________________________________________________________

Date: _______________________________________________________________________________________

 

 

 

 

 

 

 

    	 	28	 

     

    

 

ASSIGNMENT FORM

 

(To assign the
foregoing Warrant, execute this form and supply required information. Do not use this form to purchase shares.)

FOR
VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby assigned to

	Name:	______________________________________
	 	(Please Print)
	 	 
	 	 
	Address:	______________________________________
	
         

        
	
        (Please Print)

        

        

	Phone Number:	______________________________________
	 	 
	Email Address:	______________________________________
	 	 
	Dated: _______________ __, ______	 
	 	 
	Holder’s Signature:
                                                 	 
	 	 
	Holder’s Address:                                                	 

 

 

 

 

 

 

 

 

 

    	 	29	 

     

    

 

Exhibit 2

Form of Warrant Certificate Request Notice

 

WARRANT CERTIFICATE REQUEST NOTICE

 

To: Corporate Stock Transfer, Inc.,
as Warrant Agent for Envision Solar International, Inc. (the “Company”)

 

The undersigned Holder of Common Stock
Purchase Warrants (“Warrants”) in the form of Global Warrants issued by the Company hereby elects to receive
a Warrant Certificate evidencing the Warrants held by the Holder as specified below:

 

	1.	Name of Holder of Warrants in form of Global Warrants: _____________________________

 

	2.	Name of Holder in Warrant Certificate (if different from name of Holder of Warrants in form of
Global Warrants): ________________________________

 

	3.	Number of Warrants in name of Holder in form of Global Warrants: ___________________

 

	4.	Number of Warrants for which Warrant Certificate shall be issued: __________________

 

	5.	Number of Warrants in name of Holder in form of Global Warrants after issuance
of Warrant Certificate, if any: ___________

 

	6.	Warrant Certificate shall be delivered to the following address:

 

______________________________

 

______________________________

 

______________________________

 

______________________________

 

The undersigned hereby acknowledges
and agrees that, in connection with this Warrant Exchange and the issuance of the Warrant Certificate, the Holder is deemed to
have surrendered the number of Warrants in form of Global Warrants in the name of the Holder equal to the number of Warrants evidenced
by the Warrant Certificate.

 

[SIGNATURE OF HOLDER]

 

Name of Investing Entity: ____________________________________________________

 

Signature of Authorized Signatory of Investing Entity:
______________________________

 

Name of Authorized Signatory: ________________________________________________

 

Title of Authorized Signatory: _________________________________________________

 

Date: _______________________________________________________________

 

 

 

 

 

 

 

 

 

    	 	30	 

     

    

 

Exhibit 3

 

Form of Global Warrant Request Notice

 

GLOBAL WARRANT REQUEST NOTICE

 

To: Corporate Stock Transfer, Inc.,
as Warrant Agent for Envision Solar International, Inc. (the “Company”)

 

The undersigned Holder of Common Stock
Purchase Warrants (“Warrants”) in the form of Warrants Certificates issued by the Company hereby elects to receive
a Global Warrant evidencing the Warrants held by the Holder as specified below:

 

	1.	Name of Holder of Warrants in form of Warrant Certificates: _____________________________

 

	2.	Name of Holder in Global Warrant (if different from name of Holder of Warrants in form of Warrant
Certificates): ________________________________

 

	3.	Number of Warrants in name of Holder in form of Warrant Certificates: ___________________

 

	4.	Number of Warrants for which Global Warrant shall be issued: __________________

 

	5.	Number of Warrants in name of Holder in form of Warrant Certificates after
issuance of Global Warrant, if any: ___________

 

	6.	Global Warrant shall be delivered to the following address:

 

______________________________

 

______________________________

 

______________________________

 

______________________________

 

The undersigned hereby acknowledges
and agrees that, in connection with this Global Warrant Exchange and the issuance of the Global Warrant, the Holder is deemed to
have surrendered the number of Warrants in form of Warrant Certificates in the name of the Holder equal to the number of Warrants
evidenced by the Global Warrant.

 

[SIGNATURE OF HOLDER]

 

Name of Investing Entity: ____________________________________________________

 

Signature of Authorized Signatory of Investing Entity:
______________________________

 

Name of Authorized Signatory: ________________________________________________

 

Title of Authorized Signatory: _________________________________________________

 

Date: _______________________________________________________________

 

 

 

 

 

 

 

    	 	31	 

     

    

 

Exhibit 4

 

Warrant Agent Fee Schedule

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	32EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 

US$2,300,000,000 
 SENIOR
UNSECURED REVOLVING CREDIT AGREEMENT 
  

 
 dated as of 

April 8, 2019 
 among

 TEVA PHARMACEUTICAL INDUSTRIES LIMITED, 

TEVA PHARMACEUTICALS USA, INC., 

TEVA PHARMACEUTICAL FINANCE NETHERLANDS II B.V. 

and 
 TEVA PHARMACEUTICAL
FINANCE NETHERLANDS III B.V., 
 as Borrowers, 

THE LENDERS PARTY HERETO FROM TIME TO TIME, 

and 
 BANK OF AMERICA, N.A.,

 as Administrative Agent 
  

 
 BANK OF
AMERICA MERRILL LYNCH INTERNATIONAL DESIGNATED 
 ACTIVITY COMPANY AND HSBC BANK PLC, 

as Coordinating Bookrunners & Mandated Lead Arrangers, 

BARCLAYS BANK PLC, BNP PARIBAS DUBLIN BRANCH, CITIBANK, N.A., LONDON BRANCH, CREDIT SUISSE LOAN FUNDING LLC, GOLDMAN SACHS BANK USA,
JPMORGAN CHASE BANK, N.A., MIZUHO BANK, LTD., MORGAN STANLEY SENIOR FUNDING, INC., MUFG BANK, LTD., SUMITOMO MITSUI BANKING CORPORATION AND PNC BANK NATIONAL ASSOCIATION, 

as Bookrunner & Mandated Lead Arrangers, 

and 
 BANCA IMI, 

as Lead Arranger 
  

 
 Baker & McKenzie LLP 

100 New Bridge Street 

London EC4V 6JA 
 United
Kingdom 
 www.bakermckenzie.com 

 Table of contents 
  

							
	 ARTICLE 1 DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	 
			
	 Section 1.01
	 	Defined Terms	  	 	1	 
			
	 Section 1.02
	 	Terms Generally	  	 	27	 
			
	 Section 1.03
	 	Accounting Terms; GAAP	  	 	28	 
			
	 Section 1.04
	 	Resolution of Drafting Ambiguities	  	 	29	 
		
	 ARTICLE 2 THE CREDITS
	  	 	29	 
			
	 Section 2.01
	 	Commitments	  	 	29	 
			
	 Section 2.02
	 	Loans	  	 	29	 
			
	 Section 2.03
	 	Requests for Loans	  	 	30	 
			
	 Section 2.04
	 	Funding of Loans	  	 	31	 
			
	 Section 2.05
	 	Interest Elections	  	 	32	 
			
	 Section 2.06
	 	Termination and Reduction of Commitments	  	 	33	 
			
	 Section 2.07
	 	Repayment of Loans; Evidence of Debt	  	 	34	 
			
	 Section 2.08
	 	Prepayment of Loans	  	 	36	 
			
	 Section 2.09
	 	Fees	  	 	37	 
			
	 Section 2.10
	 	Interest	  	 	38	 
			
	 Section 2.11
	 	Alternate Rate of Interest	  	 	40	 
			
	 Section 2.12
	 	Increased Costs	  	 	41	 
			
	 Section 2.13
	 	Illegality	  	 	42	 
			
	 Section 2.14
	 	Break Funding Payments	  	 	43	 
			
	 Section 2.15
	 	Taxes	  	 	44	 
			
	 Section 2.16
	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	 	48	 
			
	 Section 2.17
	 	Mitigation Obligations; Replacement of Lenders	  	 	50	 
			
	 Section 2.18
	 	Swingline Loans	  	 	52	 
			
	 Section 2.19
	 	Letters of Credit	  	 	54	 
			
	 Section 2.20
	 	Defaulting Lenders	  	 	60	 
			
	 Section 2.21
	 	Joint and Several Liability of Borrowers	  	 	63	 
			
	 Section 2.22
	 	Successor LIBOR	  	 	65	 
		
	 ARTICLE 3 REPRESENTATIONS AND WARRANTIES
	  	 	66	 
			
	 Section 3.01
	 	Organization; Powers	  	 	66	 
			
	 Section 3.02
	 	Authorization; Enforceability	  	 	67	 

  
 i 

							
	 Section 3.03
	 	Approvals; No Conflicts	  	 	67	 
			
	 Section 3.04
	 	Financial Condition; No Material Adverse Change	  	 	67	 
			
	 Section 3.05
	 	Litigation	  	 	68	 
			
	 Section 3.06
	 	Environmental Matters	  	 	68	 
			
	 Section 3.07
	 	Disclosure	  	 	68	 
			
	 Section 3.08
	 	Solvency	  	 	68	 
			
	 Section 3.09
	 	ERISA	  	 	68	 
			
	 Section 3.10
	 	Investment Company Status	  	 	68	 
			
	 Section 3.11
	 	Margin Securities	  	 	69	 
			
	 Section 3.12
	 	Properties	  	 	69	 
			
	 Section 3.13
	 	Compliance with Laws and Agreements	  	 	69	 
			
	 Section 3.14
	 	Sanctions; Anti-Corruption Laws	  	 	69	 
			
	 Section 3.15
	 	FATF	  	 	70	 
			
	 Section 3.16
	 	Taxes	  	 	70	 
			
	 Section 3.17
	 	Pari Passu Ranking	  	 	70	 
			
	 Section 3.18
	 	Permits, Etc.	  	 	70	 
			
	 Section 3.19
	 	Insurance	  	 	70	 
			
	 Section 3.20
	 	No Filing or Stamp Tax	  	 	70	 
			
	 Section 3.21
	 	No Loan Parties are EEA Financial Institutions	  	 	71	 
		
	 ARTICLE 4 CONDITIONS
	  	 	71	 
			
	 Section 4.01
	 	Effective Date	  	 	71	 
			
	 Section 4.02
	 	Each Credit Event	  	 	72	 
		
	 ARTICLE 5 AFFIRMATIVE COVENANTS
	  	 	73	 
			
	 Section 5.01
	 	Financial Statements and Other Information	  	 	73	 
			
	 Section 5.02
	 	Notices of Material Events	  	 	74	 
			
	 Section 5.03
	 	Existence; Conduct of Business	  	 	75	 
			
	 Section 5.04
	 	Payment of Taxes	  	 	75	 
			
	 Section 5.05
	 	Maintenance of Properties; Insurance	  	 	75	 
			
	 Section 5.06
	 	Books and Records; Inspection Rights	  	 	75	 
			
	 Section 5.07
	 	Compliance with Laws	  	 	76	 
			
	 Section 5.08
	 	Use of Proceeds	  	 	76	 
			
	 Section 5.09
	 	Environmental Laws, Etc.	  	 	76	 

  
 ii 

							
	 Section 5.10
	 	Ratings	  	 	76	 
			
	 Section 5.11
	 	Sanctions; Anti-Corruption Laws	  	 	76	 
		
	 ARTICLE 6 NEGATIVE COVENANTS
	  	 	76	 
			
	 Section 6.01
	 	Fundamental Changes and Asset Sales	  	 	77	 
			
	 Section 6.02
	 	Fiscal Year and Accounting	  	 	78	 
			
	 Section 6.03
	 	Negative Pledge	  	 	78	 
			
	 Section 6.04
	 	Financial Covenants	  	 	80	 
			
	 Section 6.05
	 	Capital Markets Indebtedness	  	 	81	 
			
	 Section 6.06
	 	Sanctions; Anti-Corruption Laws; Use of Proceeds	  	 	82	 
			
	 Section 6.07
	 	FATF	  	 	82	 
		
	 ARTICLE 7 EVENTS OF DEFAULT
	  	 	82	 
			
	 Section 7.01
	 	Events of Default	  	 	82	 
		
	 ARTICLE 8 THE ADMINISTRATIVE AGENT
	  	 	85	 
			
	 Section 8.01
	 	Appointment and Authority	  	 	85	 
			
	 Section 8.02
	 	Administrative Agent Individually	  	 	85	 
			
	 Section 8.03
	 	Duties of Administrative Agent; Exculpatory Provisions	  	 	86	 
			
	 Section 8.04
	 	Reliance by Administrative Agent, Etc.	  	 	87	 
			
	 Section 8.05
	 	Delegation of Duties	  	 	88	 
			
	 Section 8.06
	 	Resignation of Administrative Agent	  	 	89	 
			
	 Section 8.07
	 	Non-Reliance on Administrative Agent and Other Lender Parties	  	 	90	 
			
	 Section 8.08
	 	Trust Indenture Act	  	 	91	 
			
	 Section 8.09
	 	Certain Titles	  	 	91	 
			
	 Section 8.10
	 	Administrative Agent May File Proofs of Claim	  	 	91	 
		
	 ARTICLE 9 GUARANTY
	  	 	92	 
			
	 Section 9.01
	 	Guaranty	  	 	92	 
			
	 Section 9.02
	 	Guaranty Absolute	  	 	92	 
			
	 Section 9.03
	 	Waivers and Acknowledgments	  	 	93	 
			
	 Section 9.04
	 	Subrogation	  	 	94	 
			
	 Section 9.05
	 	Subordination	  	 	94	 
			
	 Section 9.06
	 	Continuing Guaranty	  	 	95	 
		
	 ARTICLE 10 ADDITIONAL BORROWERS & LOAN PARTIES AGENT
	  	 	95	 
			
	 Section 10.01
	 	Additional Borrowers	  	 	95	 

  
 iii 

							
	 Section 10.02
	 	Resignation of a Borrower	  	 	96	 
			
	 Section 10.03
	 	Loan Parties Agent	  	 	96	 
		
	 ARTICLE 11 MISCELLANEOUS
	  	 	97	 
			
	 Section 11.01
	 	Notices	  	 	97	 
			
	 Section 11.02
	 	Posting of Approved Electronic Communications	  	 	99	 
			
	 Section 11.03
	 	Waivers; Amendments	  	 	100	 
			
	 Section 11.04
	 	Expenses; Indemnity; Damage Waiver	  	 	102	 
			
	 Section 11.05
	 	Successors and Assigns	  	 	104	 
			
	 Section 11.06
	 	Survival	  	 	110	 
			
	 Section 11.07
	 	Counterparts; Integration; Effectiveness	  	 	110	 
			
	 Section 11.08
	 	Severability	  	 	110	 
			
	 Section 11.09
	 	Right of Setoff	  	 	111	 
			
	 Section 11.10
	 	Governing Law; Jurisdiction; Consent to Service of Process	  	 	111	 
			
	 Section 11.11
	 	WAIVER OF JURY TRIAL	  	 	112	 
			
	 Section 11.12
	 	Headings	  	 	112	 
			
	 Section 11.13
	 	Confidentiality	  	 	113	 
			
	 Section 11.14
	 	Treatment of Information	  	 	114	 
			
	 Section 11.15
	 	Interest Rate Limitation	  	 	116	 
			
	 Section 11.16
	 	No Waiver; Remedies	  	 	116	 
			
	 Section 11.17
	 	EU Blocking Regulations	  	 	116	 
			
	 Section 11.18
	 	USA Patriot Act Notice; “Know Your Customer”	  	 	116	 
			
	 Section 11.19
	 	Dollar Equivalent Calculations	  	 	117	 
			
	 Section 11.20
	 	Judgment Currency	  	 	117	 
			
	 Section 11.21
	 	Special Provisions Relating to Euros	  	 	118	 
			
	 Section 11.22
	 	No Fiduciary Duty	  	 	119	 
			
	 Section 11.23
	 	Lenders as Swiss Qualifying Banks and Swiss Non-Qualifying Banks; Borrowers as Swiss Loan Parties	  	 	119	 
			
	 Section 11.24
	 	Representation of each Dutch Borrower	  	 	120	 
			
	 Section 11.25
	 	EU Bail-In	  	 	120	 
			
	 Section 11.26
	 	Electronic Execution of Assignments and Certain Other Documents.	  	 	120	 

  
 iv 

 SCHEDULES and ANNEXES 

Annex 1 
 Rate Table 

Tranche A 
 Tranche B 

Schedule 1 
 [Reserved] 

Schedule 2.01 - Commitments 
 Part A - Tranche A Revolving
Commitments 
 Part B - Tranche B Revolving Commitments 

Schedule 3.18 - Stamp Taxes 
 Schedule 6.03 - Existing
Liens 
 Schedule 11.22 - Swiss Qualifying Banks or Swiss Non-Qualifying Banks 

Exhibit A. 
 Form of Assignment and Assumption 

Exhibit B. 
 Part A - Form of Loan Notice 

Part B - Form of Swingline Loan Notice 
 Part C - Form of Notice
of Loan Prepayment 
 Exhibit C. 
 Form of Interest
Election Request 
 Exhibit D. 
 Form of Compliance
Certificate 
 Exhibit E. 
 Form of Revolving Loan Note

 Exhibit F. 
 Form of Swingline Loan Note 

Exhibit G. 
 Form of Solvency Certificate 

Exhibit H. 
 Form of LC Request 

Exhibit I. 
 Form of Borrower Accession Notice 

Exhibit J. 
 Forms of Extension Notices 

Part A - Form of Extension Request Notice 
 Part B - Form of
Extension Request Acceptance Notice 
 Exhibit K. 

Forms of U.S. Tax Compliance Certificates 
 Part A - Form of
U.S. Tax Compliance Certificate (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 
 Part B - Form of U.S. Tax Compliance
Certificate (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

  
 v 

 Part C - Form of U.S. Tax Compliance Certificate (For Foreign Participants That Are Partnerships For U.S.
Federal Income Tax Purposes) 
 Part D - Form of U.S. Tax Compliance Certificate (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax
Purposes) 

  
 vi 

 SENIOR UNSECURED REVOLVING CREDIT AGREEMENT 

This Senior Unsecured Revolving Credit Agreement (this “Agreement” or “Credit Agreement”), dated as of April 8, 2019 is among
TEVA PHARMACEUTICAL INDUSTRIES LIMITED, an Israeli company registered under no 52-0013-954, the registered address of which is at Har Hozvim, Jerusalem, Israel
(the “Company” or “Parent”), TEVA PHARMACEUTICALS USA, INC., a Delaware corporation, the principal office of which is at 1090 Horsham Road, North Wales, Pennsylvania, United States of America (“Teva
USA” or the “US Borrower”), TEVA PHARMACEUTICAL FINANCE NETHERLANDS II B.V., a besloten vennootschap incorporated under the laws of the Netherlands, with its official seat (statutaire zetel) in
Amsterdam, the Netherlands and the registered address of which is Piet Heinkade 107, 1019GM Amsterdam, registered with the Dutch trade register under number 853879196 (the “Dutch II Borrower”), TEVA PHARMACEUTICAL FINANCE
NETHERLANDS III B.V., a besloten vennootschap incorporated under the laws of the Netherlands, with its official seat (statutaire zetel) in Amsterdam, the Netherlands and the registered address of which is Piet Heinkade 107, 1019GM
Amsterdam, registered with the Dutch trade register under number 855546876 (the “Dutch III Borrower” and, together with the Dutch II Borrower, the “Dutch Borrowers” and each a “Dutch Borrower”), the
Additional Borrowers party hereto from time to time, BANK OF AMERICA, N.A., (the “Administrative Agent”), and the Lenders (as defined below). 

The parties hereto agree as follows: 
 ARTICLE 1 DEFINITIONS
AND ACCOUNTING TERMS 
 Section 1.01 Defined Terms 

As used in this Agreement, the following terms have the meanings specified below: 

“ABR”, when used in reference to any Loan, refers to a Loan which bears interest at a rate determined by reference to the
Alternate Base Rate. 
 “Additional Borrower” means a Swiss Additional Borrower or any
wholly-owned Subsidiary that becomes a Borrower under this Agreement in accordance with Section 10.01. 

“Administrative Agent” has the meaning specified in the preamble hereto. 

“Administrative Questionnaire” means an administrative questionnaire in a form supplied by the Administrative Agent. 

“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. 
 “Agency” means each of
Moody’s and S&P. 
 “Agent’s Group” has the meaning specified in Section 8.02(b). 

“Aggregate Commitments” means, with respect to any Tranche, the aggregate amount of all of the Lenders’ Commitments under
such Tranche. 
 “Agreement” has the meaning specified in the preamble hereto. 

“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such
day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1% and (c) the Eurocurrency Rate for a one-month Interest Period on such day plus 1%; provided that if the Alternate
Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the
one-month Eurocurrency Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the one-month
Eurocurrency Rate, respectively. 

  
 1 

 “Alternate Currency Loans” means Loans denominated in Euros. 

“Anti-Corruption Laws” means each of the United States Foreign Corrupt Practices Act of 1977, the Israeli Penal Code, 1977 and
the U.K. Bribery Act 2010, each as amended and including all regulations thereunder, and all other similar anti-corruption regulations or legislation in other jurisdictions applicable to the Parent or its Subsidiaries. 

“Anti-Money Laundering Laws” means all applicable money laundering statutes and the rules and regulations thereunder and any
related or similar rules, regulations or guidelines, which in each case are issued, administered or enforced by any Governmental Authority in any jurisdiction applicable to the Parent or its Subsidiaries, including, without limitation, the USA
Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)). 

“Applicable Commitment Fee” means, with respect to each Tranche, for any day with respect to the undrawn Commitment of such
applicable Tranche, the percentages per annum specified in the Rate Table in Annex I hereto in the applicable “Applicable Commitment Fee” row for such Tranche based on the then applicable Rating. 

“Applicable Margin” means, with respect to each Type of Loan of any Tranche, for any day with respect to any Loan of such
applicable Type and Tranche, the percentages per annum specified in the Rate Table in Annex I hereto in the applicable “Applicable Margin” row for such Type and such Tranche based on the then applicable Rating. 

“Applicable Percentage” means, with respect to any Lender under any Tranche, the percentage of the total Aggregate Commitments
of all Lenders under such Tranche represented by such Lender’s Commitments under such Tranche. If the Aggregate Commitments of any Tranche have terminated or expired, the Applicable Percentages shall be determined based upon the applicable
Commitments of such Tranche most recently in effect, giving effect to any assignments. 
 “Approved Currency” means each of
dollars and Euro. 
 “Approved Electronic Communications” means each Communication that the Parent is obligated to, or
otherwise chooses to, provide to the Administrative Agent pursuant to any Loan Document or the transactions contemplated therein, including any financial statement, financial and other report, notice, request, certificate and other information
material; provided, however, that, solely with respect to delivery of any such Communication by the Parent to the Administrative Agent and without limiting or otherwise affecting either the Administrative Agent’s right to effect delivery of
such Communication by posting such Communication to the Approved Electronic Platform or the protections afforded hereby to the Administrative Agent in connection with any such posting, “Approved Electronic Communication” shall exclude
(i) any notice of borrowing, notice of continuation, and any other notice, demand, communication, information, document and other material relating to a request for a new Loan, (ii) any notice pursuant to Section 2.08 and any other
notice relating to the payment of any principal or other amount due under any Loan Document prior to the scheduled date therefor, (iii) all notices of any Event of Default and (iv) any notice, demand, communication, information, document
and other material required to be delivered to satisfy any of the conditions set forth in Article 4 or any other condition to any Loan or other extension of credit hereunder or any condition precedent to the effectiveness of this Agreement.

 “Approved Electronic Platform” has the meaning specified in Section 11.02. 

  
 2 

 “Approved Fund” means any Person (other than a natural person) that is
engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an
entity or an Affiliate of an entity that administers or manages a Lender. 
 “Arranger Party” means each of the Coordinating
Bookrunners & Mandated Lead Arrangers, Bookrunners & Mandated Lead Arrangers and Lead Arrangers. 
 “Assignment and
Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 11.05), and accepted by the Administrative Agent, substantially in the
form of Exhibit A or any other form approved by the Administrative Agent and the Parent. 
 “Availability Period”
means, in respect of any Tranche, the period from and including the Effective Date to but excluding the earlier of seven calendar days (or if not a Business Day, the immediately preceding Business Day) prior to the applicable Maturity Date and
the date of termination of the Revolving 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 EEA Financial Institution. 

“Bail-In Legislation” means, 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 for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Bankruptcy Law” has the meaning set forth in Section 7.01(g). 

“Basel III” means “Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems”,
“Basel III: International Framework for Liquidity Risk Measurement, Standards and Monitoring” and “Guidance for National Authorities Operating the Countercyclical Capital Buffer” published by the Basel Committee on
16 December 2010, each as amended, supplemental or restated, the “Global systemically important banks: assessment methodology and the additional loss absorbency requirement – Rules text” published by the Basel Committee on
Banking Supervision in November 2011, as amended, supplemented or restated, and any other finalised form of further guidance, directives or standards published by the Basel Committee or other relevant committee, agency, authority or central bank
that addresses such proposals. 
 “Basel Committee” means the Basel Committee on Banking Supervision. 

“Beneficial Ownership Certification” means a certification regarding beneficial ownership required by the Beneficial Ownership
Regulation. 
 “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. 

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of
ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the
assets of any such “employee benefit plan” or “plan”. 
 “Bookrunners & Mandated
Lead Arrangers” has the meaning set forth on the cover hereof. 
 “Borrower” or “Borrowers” means
each or any of the Parent and each Subsidiary Borrower. 

  
 3 

 “Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks in New York City, Amsterdam, Zurich (only to the extent relating to a matter involving a Swiss Borrower) or London are authorized or required by law to remain closed; provided that, if such day relates to any interest rate
settings as to any Alternate Currency Loan, any fundings, disbursements, settlements and payments in Euro in respect of any Alternate Currency Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any
Alternate Currency Loan, the term “Business Day” shall also exclude any day on which TARGET is not operating or open for the settlement of payments in Euro (as determined by the Administrative Agent). 

“Capital Markets Indebtedness” means any third party Indebtedness for borrowed money consisting of bonds, debentures, notes or
other debt securities that are traded on a public market or broadly syndicated loans or other commercial bank credit facilities. 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or
taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, adoption or application thereof by any Governmental Authority or (c) the making or
issuance of, and compliance by the relevant Lender with, any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority. Notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act, and all requests, rules, guidelines, requirements and directives promulgated thereunder or issued in connection therewith, and (y) all requests, rules,
guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel
III, are deemed to have been introduced or adopted after the date hereof, regardless of the date enacted, adopted, issued or implemented. 

“Change of Control” shall be deemed to occur upon the occurrence of any one or more of the following: 

 

	 	(a)	 any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange
Act) shall become, or obtain rights (whether by means of warrants, options or otherwise) to become, the “beneficial owner” (as defined in Rules 13(d)-3 and
13(d)-5 under the Exchange Act), directly or indirectly, of 35% or more of the voting power or economic interests of the Parent, 

 

	 	(b)	 during any period of 12 consecutive months, a majority of the members of the board of directors or other
equivalent governing body of the Parent ceases to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent
governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that
board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body, or

  

	 	(c)	 the Parent shall cease to directly or indirectly beneficially own and control 100% of the equity interests in
any one or more of the Subsidiary Borrowers (provided that, for the avoidance of doubt, the provisions of this clause (c) shall not apply to any Subsidiary Borrower that has been or will contemporaneously be released as a Borrower in accordance
with Section 10.02). 

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

  
 4 

 “Commitment” means, with respect to each Lender under any Tranche, such
Lender’s Revolving Commitment under such Tranche, as the context requires, as applicable (which shall include such Lender’s commitment with respect to Swingline Loans, if any). 

“Commitment Fees” has the meaning specified in Section 2.09(a). 

“Communications” means each notice, demand, communication, information, document and other material provided for hereunder or
under any other Loan Document or otherwise transmitted between the parties hereto relating to this Agreement, the other Loan Documents, or the transactions contemplated by this Agreement or the other Loan Documents. 

“Company” has the meaning specified in the preamble hereto. 

“Consolidated Cash and Cash Equivalents” means (without duplication), with respect to any Person, the: 

 

	 	(a)	 cash on hand or on deposit with any bank of such Person; plus 

 

	 	(b)	 all other assets held by such Person that should be classified as “cash equivalents” in accordance
with GAAP, 

 included in the cash and cash equivalents accounts listed on the consolidated balance sheet of the Parent and
its Subsidiaries, determined on a consolidated basis in accordance with GAAP (excluding any such cash or cash equivalents subject to an Encumbrance, other than non-consensual Permitted Encumbrances). 

“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. 
 “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. 
 “Coordinating Bookrunners & Mandated Lead Arrangers” has the meaning set forth on
the cover hereof. 
 “Credit Exposure” means, with respect to any Lender under any Tranche at any time, the sum of the
outstanding principal amount of such Lender’s Revolving Loans under such Tranche, as applicable, at such time, expressed as the Dollar Equivalent of any Loan denominated in Euro, and its LC Exposure and Swingline Exposure at such time, in
each case under such relevant Tranche, as applicable. 
 “Credit Extension” means, as the context may require, (i) the
making of a Loan by a Lender, (ii) the issuance of any Letter of Credit, or the extension, amendment or renewal of any existing Letter of Credit, by an Issuing Bank, or (iii) the making of a Swingline Loan by a Swingline Lender. 

“Creditworthy Entity” has the meaning set forth in Section 11.05(b). 

“Debtor Relief Laws” means the Bankruptcy Code of the United States of America, and all other liquidation, conservatorship,
bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. 

“Default” means any event or condition which constitutes an Event of Default or which would (with the expiry of a grace
period, the giving of notice, the making of any determination under the Loan Documents or any combination of any of the foregoing), unless cured or waived, become an Event of Default. 

  
 5 

 “Defaulting Lender” means, subject to Section 2.20(e), any Lender that
(a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the applicable Borrower in writing
that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable failure, shall be specifically identified in such writing) has not
been satisfied, or (ii) pay to the Administrative Agent, any Issuing Bank, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including with respect of its participation in Letters of Credit or
Swingline Loans) within two Business Days of the date when due, (b) has notified the applicable Borrower or the Administrative Agent or any Issuing Bank or the Swingline Lender in writing that it does not intend to comply with its funding
obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s
determination that a condition precedent to funding (which condition precedent, together with any applicable failure, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business
Days after written request by the Administrative Agent or the applicable Borrower, to confirm in writing to the Administrative Agent and the applicable Borrower that it will comply with its prospective funding obligations hereunder (provided that
such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the applicable Borrower), or (d) has, or has a direct or indirect parent company that
has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with
reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a
Governmental Authority so long as such ownership interest does not result in or provide such Lender 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 Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or
more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.20(e)) upon delivery of written notice of such determination to
the applicable Borrower, any Issuing Bank, the Swingline Lender and each Lender. 
 “Delaware LLC” means any limited
liability company organized or formed under the laws of the State of Delaware. 
 “Delaware Divided LLC” means any Delaware
LLC which has been formed upon consummation of a Delaware LLC Division. 
 “Delaware LLC Division” means the statutory
division of any Delaware LLC into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act. 

“Determination Date” means, with respect to any Letter of Credit, (i) the most recent date upon which one of the
following shall have occurred: (x) the date of issuance of such Letter of Credit, (y) the date on which any Issuing Bank was or is, as applicable, required to deliver a notice of non-renewal with
respect to such Letter of Credit, and (z) the first Business Day of each month, commencing on the first Business Day following the issuance of such Letter of Credit; and (ii) such other date determined by the Administrative Agent in its
sole discretion. 

  
 6 

 “Dollar Equivalent” means, at any time, (a) with respect to any amount
denominated in Dollars, such amount, and (b) with respect to any amount denominated in Euro, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the Issuing Bank, as the case may be, at such time on the basis
of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with Euros. 
 “Dollar
Loans” means Loans denominated in dollars. 
 “Dollars,” “dollars,” “$” or
“US$” refers to lawful money of the United States of America. 
 “Dutch Attorney-in-Fact” shall have the meaning assigned to such term in Section 11.24. 

“Dutch Borrower” shall have the meaning assigned to such term in the preamble hereto, together with its permitted successors
and assigns. 
 “Dutch Civil Code” means the Dutch Civil Code (Burgerlijk Wetboek). 

“Dutch Insolvency Event” means any bankruptcy (faillissement), (preliminary) suspension of payments
((voorlopige) surseance van betaling), administration (onderbewindstelling), dissolution (ontbinding), a Dutch Borrower having filed a notice under Section 36 of the Tax Collection Act of the Netherlands
(Invorderingswet 1990) or Section 60 of the Social Insurance Financing Act of the Netherlands (Wet Financiering Sociale Verzekeringen) in conjunction with Section 36 of the Tax Collection Act of the Netherlands
(Invorderingswet 1990). 
 “EBITDA” means, for any Test Period, the consolidated income before income taxes of
the Parent and its Subsidiaries for such Test Period, determined on a consolidated basis in accordance with GAAP: 
  

	 	(a)	 adding thereto (without duplication) the income before income taxes of any Subsidiary or business or assets
acquired during that Test Period for the part of that Test Period when it is not a Subsidiary and/or the business or assets were not owned by the Parent or its Subsidiaries, but 

 

	 	(b)	 excluding the income before income taxes attributable to any Subsidiary or to any business or assets sold
during the Test Period, 

  

	 	(c)	 all as adjusted by the following to the extent they occur during the Test Period (without duplication):

  

	 	(i)	 adding back Net Interest Payable; 

 

	 	(ii)	 excluding from such income before taxes any extraordinary, unusual or
non-recurring expense or loss (including any extraordinary litigation or claim settlement charges or expenses) or gain (together with the tax consequences of such expense or loss or gain, as the case may be),
recorded or recognized by the Parent or any Subsidiary during such Test Period; 

  

	 	(iii)	 excluding any amount attributed to minority interests to the extent reflected in income before income taxes;

  

	 	(iv)	 adding back depreciation and amortization expenses; 

  
 7 

	 	(v)	 adding back any non-cash restructuring and non-cash integration costs incurred in respect of restructurings, plant closings, headcount reductions, cost reductions or any other similar action (including, without limitation, with respect to any acquisition)
and any other non-cash charges and expenses of the Parent or its Subsidiaries reducing such consolidated income (including, without limitation, compensation expenses realized for the grants of performance
shares, stock options, stock purchase rights or other rights to officers, directors and employees of the Parent or any Subsidiary) (but excluding any non-cash charge, expense or loss that results in an accrual
of a reserve for cash charges in any future period and any non-cash charge, expense or loss relating to write-offs, write-downs or reserves with respect to accounts or inventory); 

 

	 	(vi)	 adding back any write-off of deferred financing costs in connection
with the prepayment or repurchase of Indebtedness prior to the maturity thereof; 

  

	 	(vii)	 adding back any fees, costs and expenses incurred by the Parent or any Subsidiary in connection with the making
of any acquisition (including, without limitation, any severance or restructuring costs or expenses, whether or not payable in cash, related to such acquisition), the incurrence of Indebtedness or the issuance of capital stock, whether or not the
applicable transaction is consummated; 

  

	 	(viii)	 adding back any fees, costs and expenses in connection with the negotiation, execution and/or original
syndication of this Agreement; 

  

	 	(ix)	 adding back any acquisition related costs, restructuring reserves, adjustments to acquired contingent
liabilities and assets, adjustments made for earn-outs and other forms of contingent consideration and adjustments made to acquisition related deferred tax asset and income tax reserves incurred by the Parent
or its Subsidiaries in connection with the acquisition of, merger, amalgamation or consolidation with, any Person expensed in computing such consolidated net income to the extent the same would have been capitalized prior to the adoption of
Statement of Financial Accounting Standards No. 141R, Business Combinations; and 

  

	 	(x)	 taking no account of any revaluation of an asset or any loss or gain over book value arising on the disposal of
an asset (otherwise than in the ordinary course of trading) by the Parent or a Subsidiary during the Test Period, and 

  

	 	(d)	 subtracting from such consolidated income before income taxes the aggregate amount of all non-cash items increasing such consolidated income before income taxes (other than accrual of revenue or recording of receivables in the ordinary course of business) for such Test Period. 

For purposes of this definition, a gain, expense or loss shall only be deemed as being “extraordinary,”
“unusual” or “non-recurring” if either (x) it is classified (in accordance with GAAP) as “extraordinary” or “unusual” on the face of the annual
or quarterly consolidated financial statements of the Parent or (y) (i) it is a gain, expense or loss realized during the Test Period that in the good faith judgment of senior management of the Parent is not reasonably likely to recur within
the two years following such period and (ii) there has not been another gain, expense or loss identical or similar to such gain, expense or loss realized within the preceding two years. 

  
 8 

 With respect to any period during which an acquisition or asset sale has occurred (each, a
“Subject Transaction”), for purposes of determining the Interest Cover Ratio and the Leverage Ratio, without duplication of clauses (a) and (b) above, EBITDA shall be calculated with respect to such period on a pro forma
basis using the historical audited financial statements of any business so acquired (as if such acquisition had been effected on the first day of such Test Period) or sold (as if such sale had been effected immediately prior to the beginning of such
Test Period). 
 “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. 

“EEA Member Country” means any of the member states of the European Union, the United Kingdom, 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 first Business Day on which the conditions precedent of Section 4.01 are each satisfied in
full or waived. 
 “Eligible Assignee” means any Person to whom a Loan, Commitment and other rights and obligations under
this Agreement may be assigned in accordance with Section 11.05(b). 
 “Engagement Letter” means the engagement letter
with respect to this Agreement between the Dutch III Borrower, the Parent and the Coordinating Bookrunners & Mandated Lead Arrangers dated February 21, 2019. 

“EMU Legislation” means the legislative measures of the European Council for the introduction of,
changeover to or operation of a single or unified European currency. 
 “Encumbrance” means mortgage, charge, pledge, lien,
assignment by way of security, hypothecation, security interest, title retention, preferential right or trust arrangement or any other security agreement or arrangement having a similar effect. 

“Environmental Law” means any statutory or common law, treaty, convention, directive or regulation having legal or judicial
effect whether of a criminal or civil nature, concerning the environment, the preservation or reclamation of natural resources, or the management, release or threatened release of any Hazardous Materials or to health and safety matters. 

“Equity Credit” means equity content or equity credit (or similar or successor classification or treatment). 

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

“ERISA Affiliate” means, with respect to any Person, any trade or business (whether or not incorporated) that, together with
such Person, is treated as a single employer under Section 414 of the Code. 

  
 9 

 “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 by regulation); (b) with respect to a Plan, the
failure to satisfy the minimum funding standard of Section 412 of the Code and Section 302 of ERISA, whether or not waived; (c) the failure to make by its due date a required installment under Section 430(j) of the Code, with
respect to any Plan or the failure to make any required contribution to a Multiemployer Plan; (d) 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; (e) the incurrence by the Parent or any Subsidiary or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (f) the receipt by the Parent,
any Subsidiary or any of their ERISA Affiliates from the Pension Benefit Guaranty Corporation (or any successor entity performing similar functions) or a plan administrator of any notice relating to the intention to terminate any Plan or Plans or to
appoint a trustee to administer any Plan, or the occurrence of any event or condition which could reasonably be expected to constitute grounds under ERISA for the termination of, or the appointment of a trustee to administer, any Plan; (g) the
incurrence by any of the Parent, any of its Subsidiaries or any of their ERISA Affiliates of any liability with respect to the withdrawal from any Plan or Multiemployer Plan; (h) the receipt by any of the Parent, any of its Subsidiaries or
their ERISA Affiliates of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA; (i) the
“substantial cessation of operations” within the meaning of Section 4062(e) of ERISA with respect to a Plan; (j) the making of any amendment to any Plan which could result in the imposition of a lien or the posting of a bond or
other security or the conditions for imposition of a lien under Section 303(k) of ERISA shall have been met with respect to any Plan; (k) the occurrence of a non-exempt prohibited transaction (within
the meaning of Section 4975 of the Code or Section 406 of ERISA) with respect to a Plan which could reasonably be expected to result in liability to any of the Parent or any of its Subsidiaries; and (l) any event similar to any event
described in (a) through (k) above but with respect to a Non-US Plan. 
 “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. 
 “Euro,” “euro” or “€” means the single currency of the member states of the
European Communities that adopt or have adopted the euro as their lawful currency in accordance with the legislation of the European Union relating to European Monetary Union. 

“Euro Equivalent” means, as to any amount denominated in dollars as of any date of determination, the amount of Euro that
could be purchased with such amount of dollars based upon the rate at which the Administrative Agent offers to sell Euro for dollars in the London foreign exchange market at approximately 11:00 a.m., London time, on such date for delivery
two (2) Business Days later. 
 “Eurocurrency”, when used in reference to any Loan, refers to a Loan which bears
interest at a rate determined by reference to the Eurocurrency Rate. 
 “Eurocurrency Rate” means, with respect to US$ or
Euro denominated Loans or Letters of Credit, as applicable, the rate per annum equal to the London Interbank Offered Rate (“LIBOR”) or a comparable or successor rate which rate is approved by the Administrative Agent, as published
on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to
the commencement of such Interest Period, for deposits in the relevant currency (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period. Notwithstanding the foregoing, if the Eurocurrency Rate or LIBOR,
determined as provided above, would otherwise be less than zero, then the Eurocurrency Rate or LIBOR shall be deemed to be zero for all purposes. 

  
 10 

 “Event of Default” has the meaning assigned to such term in Article 7.

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any Issuing Bank, or other recipient of any
payment to be made by or on account of any obligation of any Loan Party hereunder, (a) Taxes imposed on (or measured by) its net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed by the
United States of America, by any state (including any locality or subdivision thereof) or the District of Columbia or by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case
of any Lender, in which its applicable Lending Office is located or (ii) that are Other Connection Taxes, (b) in the case of a Lender, (other than pursuant to an assignment request by the Borrower under Section 2.17(b)) any
withholding tax that is attributable to such Lender’s failure to comply with Section 2.15(f), except to the extent that such Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment),
to receive additional amounts from any Borrower with respect to such withholding tax pursuant to Section 2.15(a), and (c) any withholding Taxes imposed under FATCA. 

“Existing Revolving Credit Facility” means the Company’s existing Senior Unsecured Revolving Credit Agreement among et
al. the Parent and Citibank, N.A., as administrative agent, dated November 16, 2015 (as amended from time to time). 

“Extension Request Notice” means a notice by the Parent to the Administrative Agent requesting an extension of the applicable
Tranche A Maturity Date, delivered pursuant to and in accordance with Section 2.07(a), and in the form set out in Part A of Exhibit J. 

“Extension Request Acceptance Notice” means a notice by a Tranche A Lender accepting the Parent’s request to extend the
applicable Tranche A Maturity Date to the Tranche A First Extension Termination Date or to the Tranche A Second Extension Termination Date, as the case may be, delivered pursuant to and in accordance with Section 2.07(a), and in the form set
out in Part B of Exhibit J. 
 “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 agreements entered into pursuant to Section 1471(b)(1)
of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreements, treaties or conventions among Governmental Authorities to implement such provisions of the Code. 

“FATF Public Statement Jurisdiction” means Iran and North Korea, being the two jurisdictions identified by the Financial
Action Task Force (“FATF”) in its June 2018 Public Statement as subject to a FATF call on its members and other jurisdictions (i) to apply enhanced due diligence measures proportionate to the risks arising from the jurisdiction(s);
and/or (ii) to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and financing of terrorism risks emanating from the jurisdiction(s) available at
http://www.fatf-gafi.org/publications/high-riskandnon-cooperativejurisdictions/documents/public-statement-june-2018.html. 

  
 11 

 “Federal Funds Effective Rate” means, for any day, the rate per annum equal
to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if
such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such
next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the
Administrative Agent. Notwithstanding the foregoing, if the Federal Funds Effective Rate, determined as provided above, would otherwise be less than zero, then the Federal Funds Effective Rate shall be deemed to be zero for all purposes. 

“Fee Letter” means the administrative agency fee letter agreement relating to this Agreement among the Parent and the
Administrative Agent, as the same may be amended from time to time, and any other document designated as a “Fee Letter” by the Parent and the Administrative Agent, as the same may be amended from time to time. 

“Financial Officer” means with respect to any Loan Party, the chief financial officer, principal accounting officer, treasurer
or controller of such Loan Party. 
 “Financing Arrangement” means with respect to the Parent and its Subsidiaries the
(i) sale, transfer or other disposition of any of the assets or property owned by the Parent or its Subsidiaries on terms whereby they are leased or re-acquired by the Parent or its Subsidiaries,
(ii) sale, transfer or other disposition of any of its receivables on recourse terms, (iii) entering into any arrangement under which money or the benefit of a bank or other account may be applied,
set-off or made subject to a combination of accounts, or (iv) entering into any other preferential arrangement having a similar effect, in each case in circumstances where the arrangement or transaction
is entered into primarily as a method of raising Indebtedness or of financing or refinancing all or part of the acquisition of assets or property or the cost of installation, construction or improvement thereof, in each case which results in an
Encumbrance on such assets or property. 
 “Foreign Lender” means any Lender that is organized under the laws of a
jurisdiction other than that in which the applicable Borrower is resident for tax purposes. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single
jurisdiction. 
 “Funding Date” means the applicable day as of or following the Effective Date when a Credit Extension
occurs. 
 “GAAP” means generally accepted accounting principles in the United States of America. Subject to the provisions
of Section 6.02(b), the Borrower may elect to apply International Financial Reporting Standards (“IFRS”) accounting principles in lieu of GAAP and, upon any such election, references herein to GAAP shall thereafter be construed
to mean IFRS (except as otherwise provided in this Agreement); provided that any calculation or determination in this Agreement that requires the application of GAAP for periods that include fiscal quarters ended prior to the Borrower’s
election to apply IFRS shall remain as previously calculated or determined in accordance with GAAP (subject to Section 6.02(b)). The Borrower shall give prompt notice of any such election made in accordance with this definition to the
Administrative Agent and the Lenders. 
 “Governmental Authority” means the government of the United States of America,
Israel, the Netherlands or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body (including self-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). 

  
 12 

 “Group” means the Parent and its Subsidiaries. 

“Guarantor” means the Parent. 

“Guaranty” means the Guaranty issued by the Parent pursuant to Article 9 hereof. 

“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, in each case regulated
pursuant to any Environmental Law. 
 “IFRS” means International Financial Reporting Standards as issued by the
International Accounting Standards Board. 
 “Indebtedness” of a Person means, without duplication, (a) all obligations
of such Person for borrowed money or with respect to deposits or advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon which interest
charges are customarily paid, (d) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect of the deferred
purchase price of property or services (excluding current accounts payable incurred in the ordinary course of business), (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent
or otherwise, to be secured by) any Encumbrance on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed (provided that the amount of such Indebtedness shall be the lesser of (x) the fair
market value of such property at such date of determination (as determined in good faith by the Borrower) and (y) the aggregate principal amount of such Indebtedness of such other Person), (g) all guarantees by such Person of Indebtedness
of others, (h) all capital lease obligations of such Person; provided that for all purposes under this Agreement, any lease that was classified as an operating lease in accordance with GAAP prior to the issuance of FASB ASU No. 2016-02 shall not constitute a capital lease hereunder (whether or not such lease was in effect on such date), (i) all obligations, contingent or otherwise, of such Person as an account party in
respect of letters of credit and letters of guaranty, and (j) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances. 

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 (other than in the case of general partner liability) to the extent that terms of such
indebtedness expressly provide that such Person is not liable therefor, provided however, that Indebtedness of any Person shall not include (A) trade payables; (B) any contingent obligations incurred in connection with letters of credit,
letters of guaranty or similar instruments obtained or created in the ordinary course of business to support obligations of such Person that do not constitute Indebtedness; or (C) endorsements of checks, bills of exchange and other instruments
for deposit or collection in the ordinary course of business. 
 “Indemnified Taxes” means Taxes (other than Excluded Taxes)
imposed on or with respect to any payment made by or on account of any obligation of any Loan Party hereunder or under any other Loan Document. 

“Interest Cover Ratio” means, with respect to any Test Period, the ratio of (i) EBITDA for such Test Period to
(ii) Net Interest Payable during such Test Period. 

  
 13 

 “Interest Election Request” means a request by a Borrower to continue a
Loan in accordance with Section 2.05, and being in the form of attached Exhibit C or such other form approved by the Administrative Agent and the Parent. 

“Interest Payable” means all interest, acceptance commission and any other continuing, regular or periodic costs and expenses
in the nature of interest and amortization of debt discount (whether paid, payable or capitalized), incurred by the Parent and its consolidated Subsidiaries in effecting, servicing or maintaining Total Consolidated Debt during a Test Period but
excluding exchange differentials; provided, that, with respect to any period during which a Subject Transaction has occurred, for purposes of determining the Interest Cover Ratio, Interest Payable shall be calculated with respect to such period on a
pro forma basis using the consolidated financial statements of the Parent and its Subsidiaries which shall be reformulated as if such Subject Transaction, and any Indebtedness incurred or repaid in connection therewith, had been consummated or
incurred or repaid at the beginning of such period. 
 “Interest Payment Date” means (a) with respect to any
ABR Loan (including any Swingline Loan), the last Business Day of each March, June, September and December, and (b) with respect to any Eurocurrency Loan, the last Business Day of the Interest Period applicable to any such Eurocurrency
Loan; provided, however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three (3) months, the respective dates that fall every three (3) months after the beginning of such Interest Period shall also be Interest Payment
Dates. 
 “Interest Period” means, with respect to any Eurocurrency Loan, the period commencing on the date of such Loan and
ending on the numerically corresponding day in the calendar month that is one week, or one, two, three or six months thereafter, as the applicable Borrower may elect; provided that (i) 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 immediately preceding
Business Day and (ii) any Interest Period pertaining to a Loan 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 of this definition, the date of a Loan initially shall be the date on which such Loan is made and thereafter shall be the effective date of the most
recent continuation or conversion of such Loan. 
 “Interest Receivable” means, in respect of any Test Period, interest and
amounts in the nature of interest received during that period by the Parent and its consolidated Subsidiaries, calculated on a pro forma basis (as set forth in the proviso of the definition of Interest Payable) to the extent a Subject Transaction
occurred during such Test Period. 
 “ISP” means, with respect to any Letter of Credit, the “International Standby
Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance). 

“Israeli Companies Law” means the Israeli Companies Law, 1999 as amended from time to time and any regulations promulgated
thereunder. 
 “Israeli Rehabilitation and Insolvency Law” means the Israeli Rehabilitation and Insolvency Law, 2018, as
amended from time to time, and any regulations promulgated thereunder. 
 “Issuing Bank” means any Lender which has issued
(or caused to be issued by an Affiliate thereof) an outstanding Letter of Credit in accordance with Section 2.19 hereof. Any Lender may, in its discretion, arrange for one or more Letters of Credit required to be issued by it under
Section 2.19 hereof to be issued by one of more Affiliates of such Lender, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 

  
 14 

 “Judgment Currency” shall have the meaning assigned to such term in
Section 11.20. 
 “Judgment Currency Conversion Date” shall have the meaning assigned to such term in
Section 11.20. 
 “LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter of
Credit issued by such Issuing Bank. 
 “LC Exposure” means, with respect to any Issuing Bank, at any
time, the sum of (a) the Dollar Equivalent of the aggregate undrawn amount of all outstanding Letters of Credit issued by such Issuing Bank at such time plus (b) the Dollar Equivalent of the aggregate amount of all LC Disbursements
made by such Issuing Bank that have not yet been reimbursed by or on behalf of the applicable Borrower at such time. 
 “LC Notice
Time” means, with respect to any requested issuance, amendment, renewal or extension of a Letter of Credit, (a) 12.00 pm, New York City time, at least two Business Days (or, if such longer period shall have been requested in writing in
advance by the Issuing Bank that is to be the issuer thereof, at least three Business Days) in advance of the requested date of issuance, amendment, renewal or extension or (b) such later time as may be approved by the Issuing Bank that is the
issuer thereof as the LC Notice Time with respect to such requested issuance, amendment, renewal or extension. 
 “LC
Request” has the meaning assigned to such term in Section 2.19. 
 “Lead Arranger” has the meaning set forth
on the cover hereof. 
 “Lender Party” means any Lender, Swingline Lender and any Issuing Bank. 

“Lender Party Appointment Period” has the meaning assigned in Section 8.06. 

“Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant
to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption. Unless the context otherwise requires, the term “Lenders” includes any Swingline Lender. 

“Lending Office” means, as to the Administrative Agent, any Issuing Bank or any Lender, the office or offices of such Person
described as such in such Person’s Administrative Questionnaire, or such other office or offices as such Person may from time to time notify the Parent and the Administrative Agent; which office may include any Affiliate of such Person or any
domestic or foreign branch of such Person or such Affiliate 
 “Letter of Credit” means any standby letter of credit issued
pursuant to Section 2.19 of this Agreement. 
 “Leverage Ratio” means, with respect to any Test Period, the ratio of
(i) Total Consolidated Net Debt for such Test Period to (ii) EBITDA during such Test Period. 
 “LIBOR” has the
meaning specified in the definition of Eurocurrency Rate. 
 “Loan Currency” means the particular Approved Currency in which
a particular Loan is denominated (i.e. dollars or Euros). 
 “Loan Documents” means this Agreement, each Note, the Fee
Letter, the Engagement Letter, each Letter of Credit and all other agreements, certificates, documents, instruments and writings at any time delivered in connection herewith or therewith (exclusive of term sheets and commitment letters). 

  
 15 

 “Loan Notice” means a request by a Borrower for a Loan in accordance with
Section 2.03, and being in the form of Part A of Exhibit B or any other form approved by the Administrative Agent. 
 “Loan
Parties” means the Parent and the Subsidiary Borrowers. 
 “Loans” shall mean, as the context may require, a
Revolving Loan or any Swingline Loan made by the Lenders under any Tranche to any of the Borrowers pursuant to this Agreement. 

“Material Adverse Effect” means any event or circumstance which: 

 

	 	(a)	 is materially adverse to: 

 

	 	(i)	 the business, operations or financial condition of the Loan Parties and their Subsidiaries, taken as a whole;
or 

  

	 	(ii)	 the ability of the Loan Parties to perform their financial obligations (including both payment obligations and
compliance with financial covenants) under any Loan Document; or 

  

	 	(b)	 affects the validity or the enforceability against any Loan Party of any Loan Document. 

“Material Indebtedness” means, Indebtedness (other than the Loans), of any one or more of the Parent and its Subsidiaries in
an aggregate principal amount exceeding US$200,000,000 (or its equivalent in other currencies). 
 “Material Subsidiary”
means at any date, (a) any Subsidiary of the Parent that is a Borrower, (b) any Subsidiary of the Parent that would be a “significant subsidiary” as defined in Article 1,
Rule 1-02 of Regulation S-X (as in effect on the Signing Date) promulgated by the United States Securities and Exchange Commission (provided that references
therein to 10% shall for purposes hereof be 5%) as of the last day of the then most recently ended fiscal year, and (c) for the purpose of ascertaining whether an Event of Default has occurred only, any Subsidiary which, when aggregated with
all other Subsidiaries that are not otherwise Material Subsidiaries and as to which any event described in the Events of Default clause has occurred and is continuing, would constitute a Material Subsidiary in accordance with the criteria in
clause (b) above. 
 “Maturity Date” means the applicable Tranche A Maturity Date or the Tranche B Maturity Date, as
applicable. 
 “Moody’s” means Moody’s Investors Service, Inc. and its successors. 

“Multiemployer Plan” means a multiemployer plan within the meaning of Section 4001(a)(3) or Section 3(37) of ERISA
(a) to which any of the Parent, its Subsidiaries or any of their ERISA Affiliates is then making or accruing an obligation to make contributions; (b) to which any of the Parent, its Subsidiaries or their ERISA Affiliates has within the
preceding five plan years made contributions; or (c) with respect to which any of the Parent or its Subsidiaries could incur liability. 

“Net Interest Payable” means Interest Payable less Interest Receivable. 

“Non-Defaulting Lender” means and includes each Lender other than a Defaulting
Lender. 

  
 16 

 “Non-refundable Portion of Swiss Withholding
Tax” shall have the meaning assigned to such term in Section 2.10(f). 

“Non-US Plan” means any employee benefit plan, program, policy, arrangement or
agreement maintained or contributed to by any of the Parent or its Subsidiaries with respect to employees employed outside the United States. 

“Notice of Loan Prepayment” means a notice of prepayment with respect to a Loan, which shall be substantially in the form of
Part C of Exhibit B or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and
signed by a Borrower. 
 “Obligation Currency” shall have the meaning assigned to such term in Section 11.20. 

“OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets Control. 

“Original Lenders” means the Persons listed on Schedule 2.01. 

“Other Connection Taxes” means, with respect to the Administrative Agent, any Lender or any Issuing Bank, or other recipient
of any payment to be made by or on account of any obligation of any Loan Party hereunder, 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 any Loan Document, or
sold or assigned an interest in any Loan or Loan Document). 
 “Other Taxes” means all present or future stamp or
documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this
Agreement or any other Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.17(b)). 

“Overnight Rate” means, for any day, (a) with respect to any amount denominated in Dollars, the greater of (i) the
Federal Funds Effective Rate and (ii) an overnight rate determined by the Administrative Agent, any Issuing Bank or a Swingline Lender, as the case may be, in accordance with banking industry rules on interbank compensation, and (b) with
respect to any amount denominated in Euro, the rate of interest per annum at which overnight deposits in Euro, in an amount approximately equal to the amount with respect to which such rate is being determined, would be offered for such day by a
branch or Affiliate of Bank of America, N.A. in Europe for Euro to major banks in Europe. Notwithstanding the foregoing, if the Overnight Rate, determined as provided above, would otherwise be less than zero, then the Overnight Rate shall be deemed
to be zero for all purposes. 
 “Parent” has the meaning specified in the preamble hereto. 

“Parent’s SEC Documents” means the documents publicly filed with or publicly furnished to the United States
Securities and Exchange Commission by the Parent prior to the Signing Date. 
 “Participant” has the meaning set forth in
Section 11.05(d). 
 “Participant Register” has the meaning set forth in Section 11.05(d). 

“Participating Member State” means each state so described in any EMU Legislation. 

  
 17 

 “Permitted Encumbrances” has the meaning set forth in Section 6.03.

 “Permitted Refinancing Indebtedness” means in respect of any Indebtedness or any unutilized commitments for any
Indebtedness (“Refinanced Indebtedness”), any new Indebtedness or commitments (“Refinancing Indebtedness”) modifying, refinancing, refunding, renewing, replacing or extending such Refinanced Indebtedness;
provided that the principal amount (or accreted value, if applicable) of the Refinancing Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Refinanced Indebtedness except by an amount equal to unpaid
accrued interest and premium thereon plus other amounts owing or paid related to such Refinanced Indebtedness, and fees and expenses reasonably incurred, in connection with such Refinancing Indebtedness; provided further that in the case of
Section 6.05(a) of this Agreement, the obligors in respect of such Refinancing Indebtedness do not include entities that are not Borrowers under this Agreement. 

“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 which is maintained or contributed to by any of the Parent, its Subsidiaries or any of their ERISA Affiliates or
with respect to which any of the Parent or its Subsidiaries could incur liability (including under Section 4069 of ERISA). 

“Prime Rate” means the rate of interest per annum publicly announced from time to time by Bank of America, N.A., as its prime
rate in effect at its principal office in New York, New York. Each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. 

“Professional Lender” has the meaning set forth in Section 11.05(b). 

“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 
 “Qualified Securitization Transaction” means any transaction or series of transactions entered
into by the Parent or any of its Subsidiaries pursuant to which the Parent or such Subsidiary sells, conveys or otherwise transfers to a Securitization Entity, or grants a security interest in for the benefit of a Securitization Entity, any
Receivable Assets (whether now existing or arising or acquired in the future), or otherwise contributes to the capital of such Securitization Entity, in a transaction in which such Securitization Entity finances its acquisition of or interest in
such Receivable Assets by selling or borrowing against such Receivable Assets; provided that such transaction is non-recourse to the Parent and its Subsidiaries (except for Standard Securitization
Undertakings). 
 “Rating” refers to the credit rating of the Parent in respect of its senior unsecured long-term indebtedness for borrowed money from Moody’s and S&P. 
 “Receivable
Assets” means ordinary course of business accounts receivable of the Parent or any of its Subsidiaries, and any assets related thereto, including, without limitation, all collateral securing such accounts receivable, all contracts and
contract rights and all guarantees or other obligations in respect of such accounts receivable, proceeds of such accounts receivable and other assets (including contract rights) which are customarily transferred or in respect of which security
interests are customarily granted in connection with asset securitization transactions involving accounts receivable and/or
receivables-discount-without-recourse schemes. 

“Register” has the meaning set forth in Section 11.05(c). 

  
 18 

 “Reimbursement Obligations” means the obligations of the Parent and each
applicable Borrower under Section 2.19(e) to reimburse LC Disbursements. 
 “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 Currency Equivalent” means the Dollar Equivalent or Euro Equivalent, as applicable. 

“Required Lenders” means, at any time, Non-Defaulting Lenders having Credit Exposures
or unused Commitments, as applicable, representing more than 50% of the sum of the total Credit Exposures or unused Commitments, as applicable, of all Non-Defaulting Lenders at such time. 

“Required Tranche Lenders” means, at any time, with respect to decisions relating to Commitments under any particular Tranche,
Non-Defaulting Lenders of the applicable Tranche having Credit Exposures or unused Commitments (as applicable) of the applicable Tranche representing more than 50% of the sum of the total Credit Exposures or
unused Commitments (as applicable) under the applicable Tranche of all Non-Defaulting Lenders of the applicable Tranche at such time. 

“Responsible Officer” means a chief financial officer, treasurer or assistant treasurer of the Parent. 

“Restricted Sub-Participation” means a
sub-participation of the rights and/or the obligations of a Lender under this Agreement which is not substantially in the form recommended for participations as of the Signing Date by the Loan Market
Association or the Loan Syndications and Trading Association and would cause the participant of any such sub-participation to be counted towards the threshold of Swiss
Non-Qualifying Banks under the Ten Non-Bank Regulations and/or the Twenty Non-Bank Regulations. 

“Revaluation Date” means: 
  

	 	(a)	 with respect to any Loan, each of the following: 

 

	 	(i)	 each date of a borrowing of a Eurocurrency Loan denominated in Euro; 

 

	 	(ii)	 each date of a continuation of a Eurocurrency Loan denominated in Euro; and 

 

	 	(iii)	 such additional dates as the Administrative Agent shall determine or the Required Lenders shall require; and

  

	 	(b)	 with respect to any Letter of Credit, each of the following: 

 

	 	(i)	 each date of issuance of a Letter of Credit denominated in Euro; 

 

	 	(ii)	 each date of an amendment of any such Letter of Credit having the effect of increasing the amount thereof,

  

	 	(iii)	 each date of any payment by an Issuing Bank under any Letter of Credit denominated in Euro; and

  

	 	(iv)	 such additional dates as the Administrative Agent or an Issuing Bank shall determine or the Required Lenders
shall require. 

 “Revolving Commitment” means each of the Tranche A Revolving Commitments and the Tranche
B Revolving Commitments. 

  
 19 

 “Revolving Loan” means any Loan under either Tranche made pursuant to
Section 2.01. 
 “S&P” means S&P’s Global Ratings, a division of McGraw-Hill, Inc., and its successors.

 “Sanctioned Person” shall mean any party that (i) is publicly identified on the most current List of Specially
Designated Nationals and Blocked Persons, the Sectoral Sanctions Identifications List, or the List of Foreign Sanctions Evaders issued by U.S. Department of the Treasury’s Office of Foreign Assets Control; (ii) is publicly identified on a
similar list issued by the United Nations Security Council, the European Union, Her Majesty’s Treasury or the Foreign and Commonwealth Office of the United Kingdom, or the State of Israel; (iii) resides or is located in, is organized or
chartered, or has a place of business in a country or region subject to U.S. comprehensive sanctions (currently the Crimea region, Cuba, Iran, North Korea and Syria); (iv) is owned or controlled by any Person referred to in (ii); or (v) is
owned by any person referred to in (i) or (iii). 
 “Sanctions” means any sanctions administered, enacted or enforced
by the United States (including OFAC and the U.S. Department of State), the United Nations Security Council, the European Union, Her Majesty’s Treasury, the Foreign and Commonwealth Office of the United Kingdom or the State of Israel (including
through the Ministry of Finance and Ministry of Defence). 
 “SEC” means the U.S. Securities and Exchange Commission.

 “Securitization Entity” means a Person (which may include a special purpose vehicle and/or a financial institution) to
which the Parent or any Subsidiary transfers Receivable Assets for purposes of a securitization financing, and with respect to which: 
  

	 	(a)	 no portion of the Indebtedness or any other obligations (contingent or otherwise) of such entity (i) is
guaranteed by the Parent or any Subsidiary of the Parent (other than the Securitization Entity) (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings),
(ii) is recourse to or obligates the Parent or any Subsidiary of the Parent (other than the Securitization Entity) in any way other than pursuant to Standard Securitization Undertakings or (iii) subjects any asset of the Parent or any
Subsidiary of the Parent (other than the Securitization Entity), directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings and other than any interest in the
Receivable Assets (whether in the form of an equity interest in such assets or subordinated indebtedness payable primarily from such financed assets) retained or acquired by the Parent or any Subsidiary of the Parent, 

 

	 	(b)	 neither the Parent nor any Subsidiary of the Parent has any material contract, agreement, arrangement or
understanding other than on terms no less favorable to the Parent or such Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Parent, other than fees payable in the ordinary course of business in
connection with servicing receivables of such entity, and 

  

	 	(c)	 neither the Parent nor any Subsidiary of the Parent has any obligation to maintain or preserve such
entity’s financial condition or cause such entity to achieve certain levels of operating results (it being understood that (i) obligations of the Parent or other Subsidiaries to transfer Receivable Assets to the Securitization Entity,
(ii) obligations of the Parent or any other Subsidiary to procure such transfers of Receivable Assets to the Securitization Entity, and (iii) Receivable Asset performance measures or credit enhancement measures shall not constitute an
obligation to preserve the Securitization Entity’s financial condition or to cause it to achieve certain levels of operating results). 

  
 20 

 “Signing Date” means April 8, 2019. 

“Solvent” and “Solvency” means, with respect to any Person on a particular date, that on such date
(a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair saleable value of the assets of such Person is not less than the
amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such
Person’s ability to pay such debts and liabilities as they mature and (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would
constitute an unreasonably small capital. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be
expected to become an actual or matured liability. 
 “Specified Equity Percentage” means, at any time, in respect of any
Total Consolidated Debt which constitutes Specified Subordinated Indebtedness, the highest percentage of Equity Credit accorded by an Agency to such Specified Subordinated Indebtedness at such time in accordance with the rating standards and
criteria of the applicable Agency as in effect at the time of issuance of such Specified Subordinated Indebtedness; provided, if following the date of issuance of any Specified Subordinated Indebtedness, Parent receives confirmation from any Agency
that, due to any change in the interpretation of such rating standards and criteria occurring or becoming effective after the date of issuance of such Specified Subordinated Indebtedness, the Specified Subordinated Indebtedness will no longer be
eligible for the percentage of Equity Credit attributed to the Specified Subordinated Indebtedness on the date of issuance and the Specified Equity Percentage shall be reduced to the then applicable percentage of Equity Credit; provided further that
no such reduction shall be effective until the date that is one year following Parent’s receipt of such Agency confirmation. 

“Specified Subordinated Indebtedness” of a Person means, at any time, without duplication, any Indebtedness (whether
outstanding on the Signing Date or thereafter incurred) which an Agency assigns whole or partial Equity Credit in accordance with the applicable rating standards and criteria of the applicable Agency as in effect at the time of issuance of such
Indebtedness; provided, if following the date of issuance of any such Indebtedness Parent receives confirmation from any Agency that, due to any change in the interpretation of such rating standards and criteria occurring or becoming effective after
the date of issuance of such Indebtedness, the Indebtedness will no longer be eligible for any Equity Credit, such Indebtedness shall be deemed to be “Specified Subordinated Indebtedness” hereunder until the date that is one year following
Parent’s receipt of such Agency confirmation. 
 “Spot Rate” for a currency means the rate determined by the
Administrative Agent or an Issuing Bank, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange
trading office at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or such Issuing Bank may obtain such spot rate from another
financial institution designated by the Administrative Agent or such Issuing Bank if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency; and provided further that such Issuing
Bank may use such spot rate quoted on the date as of which the foreign exchange computation is made in the case of any Letter of Credit denominated in Euro. 

“Standard Securitization Undertakings” means representations, warranties, covenants and indemnities reasonably
customary (as determined by the Parent acting in good faith) in accounts receivable securitization transactions and/or
receivables-discount-without-recourse schemes in the applicable jurisdictions, including, to the extent applicable, in a manner
consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to any transfer by the Parent or any Subsidiary. 

  
 21 

 “Subject Transaction” has the meaning specified in the definition of
“EBITDA.” 
 “Subsidiary” means, with respect to any Person (the “parent”) at any date,
(i) any Person the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, (ii) any other
corporation, limited liability company, association or other business entity of which securities or other ownership interests representing more than 50% of the voting power of all such ownership interests entitled (without regard to the occurrence
of any contingency) to vote in the election of the board of directors thereof are, as of such date, owned, controlled or held by the parent and/or one or more subsidiaries of the parent, (iii) any partnership (a) the sole general partner
or the managing general partner of which is the parent and/or one or more subsidiaries of the parent or (b) the only general partners of which are the parent and/or one or more subsidiaries of the parent, (iv) any other Person that is
otherwise Controlled by the parent and/or one or more subsidiaries of the parent and (v) in respect of any company or corporation incorporated in the Netherlands a “dochtermaatschappij” within the meaning of Section 2:24a
of the Dutch Civil Code (regardless of whether the shares or voting rights in the shares in such company are held directly or indirectly through another “dochtermaatschappij”). Unless the context requires otherwise,
“Subsidiary” refers to a Subsidiary of the Parent. 
 “Subsidiary Borrower” means Teva USA, the Dutch
Borrowers and each Additional Borrower, in each case, until the same has been released as a Borrower in accordance with Section 10.02. 

“Swingline Exposure” means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time under
a specific Tranche. The Swingline Exposure of any Lender at any time shall be its Applicable Percentage of the aggregate Swingline Exposure under such Tranche at such time. 

“Swingline Lender” means (a) Bank of America, N.A. (or one of its Affiliates appointed by it) in its capacity as lender
of Swingline Loans hereunder and (b) any other Swingline Lender appointed by the Parent from time to time with the consent of the Administrative Agent (not to be unreasonable withheld or delayed) upon notification to the Parent and
Administrative Agent that it has so agreed to be a Swingline Lender. 
 “Swingline Loan Notice” means a notice of a
Swingline Loan pursuant to Section 2.18(b), which shall be substantially in the form of Part B of Exhibit B or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission
system as shall be approve by the Administrative Agent), appropriately completed and signed by a Borrower. 
 “Swingline
Loan” means a Loan made pursuant to Section 2.18. 
 “Swingline
Sub-limit” means, initially, (a) US$0 (nil) under Tranche A Revolving Loans and (b) US$75,000,000 under Tranche B Revolving Loans, provided that if the Parent and any Swingline Lender so
agree in writing (each acting in its sole and unfettered discretion), the Swingline Sub Limit may be increased to up to(a) US$100,000,000 under Tranche A Revolving Loans and (b) US$100,000,000 under Tranche B Revolving Loans, it being
understood that no Swingline Lender shall be obligated to agree to any such increase. 
 “Swiss Additional Borrower” means a
wholly-owned Subsidiary of the Parent incorporated in Switzerland and/or is a Swiss tax resident for Withholding Tax purposes and is subject to the Swiss Guidelines that becomes a Borrower under this Agreement in accordance with
Section 10.01(d). 

  
 22 

 “Swiss Borrower” means a Borrower incorporated in Switzerland and/or is a
Swiss tax resident for Withholding Tax purposes and is subject to the Swiss Guidelines. 
 “Swiss Guidelines” means,
together, guideline S-02.123 in relation to interbank loans of 22 September 1986 (Merkblatt Verrechnungssteuer auf Zinsen von Bankguthaben, deren Gläubiger Banken sind
(Interbankguthaben)” vom 22. September 1986), guideline S-02.122.1 in relation to bonds of April 1999 (Merkblatt “Obligationen” vom April 1999), guideline S-02.130.1 in relation to money market
instruments and book claims of April 1999 (Merkblatt vom April 1999 betreffend Geldmarktpapiere und Buchforderungen inländischer Schuldner), guideline S-02.128 in relation to
syndicated credit facilities of January 2000 (Merkblatt “Steuerliche Behandlung von Konsortialdarlehen, Schuldscheindarlehen, Wechseln und Unterbeteiligungen” vom Januar 2000), circular letter No. 34
of 26 July 2011 (1-034-V-2011) in relation to deposits (Kreisschreiben Nr. 34
“Kundenguthaben” vom 26. Juli 2011) and the circular letter No. 15 of 3 October 2017
(1-015-DVS-2007) in relation to bonds and derivative financial instruments as subject matter of taxation of Swiss federal income
tax, Swiss withholding tax and Swiss stamp taxes (Kreisschreiben Nr. 15 “Obligationen und derivative Finanzinstrumente als Gegenstand der direkten Bundessteuer, der Verrechnungssteuer und der Stempelabgaben”
vom 3. Oktober 2017), in each case as issued, amended or replaced from time to time, by the Swiss Federal Tax Administration or as substituted or superseded and overruled by any law, statute, ordinance, court decision, regulation or the
like as in force from time to time. 
 “Swiss Loan Party” means each Swiss Borrower (if any) and each other Borrower that is
a Swiss tax resident for Swiss Withholding Tax purpose and subject to the Swiss Guidelines. 
 “Swiss
Non-Qualifying Bank” means a Person which does not qualify as a Swiss Qualifying Bank. 

“Swiss Qualifying Bank” means a financial institution which (i) qualifies as a bank pursuant to the banking laws in force
in its country of incorporation, or, if acting through a branch in accordance with the banking laws in the jurisdiction of such branch, (ii) carries on a true banking activity in such jurisdiction as its main purpose, and (iii) has
personnel, premises, communication devices and decision-making authority of its own, all in accordance with the Swiss Guidelines or legislation or explanatory notes addressing the same issues which are in force at such time. 

“Swiss Withholding Tax” means any withholding tax in accordance with the Swiss Federal Statute on Anticipatory Tax of
13 October 1965 (Bundesgesetz über die Verrechnungssteuer) and any successor provision, as appropriate. 

“TARGET” means the Trans-European Automated
Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 (or any successor operating system). 

“Taxes” means 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. 

“Ten Non-Bank Regulations” means the rule that the aggregate number of creditors
(including the Lenders) under the Loans, which are Swiss Non-Qualifying Banks, must not exceed 10 (ten), all in accordance with the meaning of the applicable Swiss Guidelines. 

  
 23 

 “Test Period” in effect at any time shall mean the period of four
consecutive financial quarters of the Parent ended on or prior to such time (taken as one accounting period) in respect of which quarterly or annual financial statements are required to be delivered pursuant to Section 5.01 (without giving
effect to any grace periods applicable thereto). 
 “Teva USA” has the meaning specified in the preamble
hereto. 
 “Total Consolidated Debt” means, as of any date of determination, the aggregate amount of all outstanding
Indebtedness of the Parent and its Subsidiaries, as determined on a consolidated basis in accordance with GAAP. 
 “Total
Consolidated Net Debt” means, at any date of determination, the Total Consolidated Debt less Consolidated Cash and Cash Equivalents of the Parent and its Subsidiaries, each as determined on a consolidated basis in accordance with GAAP,
provided that for purposes hereof Total Consolidated Debt shall be further reduced by an amount equal to the amount of (x) the Specified Subordinated Indebtedness reflected in Total Consolidated Debt multiplied by (y) the Specified Equity
Percentage in respect of such Specified Subordinated Indebtedness. 
 “Tranche” when used in reference to (a) any Loan,
refers to whether such Loan is a Tranche A Revolving Loan or a Tranche B Revolving Loan, (b) any commitment, refers to whether such commitment is a Tranche A Revolving Commitment or a Tranche B Revolving Commitment or (c) any
LC Exposure and/or Swingline Exposure, refers to whether such Swingline Loans or Letters of Credit reduce the Tranche A Revolving Commitment or a Tranche B Revolving Commitment, in each case, under this Agreement. 

“Tranche A Lenders” means, together, the Tranche A1 Lenders, the Tranche A2 Lenders and the Tranche A3 Lenders. 

“Tranche A Maturity Date” means the Tranche A1 Maturity Date, Tranche A2 Maturity Date or Tranche A3 Maturity Date, as
applicable. 
 “Tranche A Revolving Commitments” means, together, the Tranche A1 Revolving Commitments, the Tranche A2
Revolving Commitments and the Tranche A3 Revolving Commitments. 
 “Tranche A Revolving Loan” means, together, the Tranche
A1 Revolving Loans, the Tranche A2 Revolving Loans and the Tranche A3 Revolving Loans. 
 “Tranche A1 Lenders” means the
Persons listed on Schedule 2.01 Part A and any other Person that shall have become a party hereto as a Tranche A1 Lender pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party as a Tranche A1 Lender hereto
pursuant to an Assignment and Assumption or pursuant to Section 2.07. 
 “Tranche A1 Maturity Date” means the date that
is 3 years from the Signing Date (being April 8, 2022). 
 “Tranche A1 Revolving Commitment” means, with respect to any
Tranche A1 Lender, the commitment of such Tranche A1 Lender to make Tranche A1 Revolving Loans expressed as an amount representing the maximum aggregate amount of such Tranche A1 Lender’s potential Credit Exposure hereunder in respect of
Tranche A1 Revolving Loans and to acquire participations in Swingline Loans hereunder, as such commitment may (x) be reduced from time to time pursuant to Sections 2.06 or 2.07, and (y) increased or reduced from time to time pursuant to
assignments by or to such Tranche A1 Lender pursuant to Section 11.05. The initial amount of each Tranche A1 Lender’s Tranche A1 Revolving Commitment is set forth on Schedule 2.01 Part A, or in the Assignment and Assumption pursuant to
which such Tranche A1 Lender shall have assumed its Tranche A1 Revolving Commitment, as applicable. The initial aggregate amount of the Tranche A Lenders’ Tranche A Revolving Commitments is US$1,150,000,000. 

  
 24 

 “Tranche A1 Revolving Loan” means a Loan made pursuant to
Section 2.01(a) from a Tranche A1 Lender. 
 “Tranche A2 Lenders” means any Person that shall have become a party
hereto as a Tranche A2 Lender pursuant to an Assignment and Assumption or Section 2.07, other than any such Person that ceases to be a party as a Tranche A2 Lender hereto pursuant to an Assignment and Assumption or pursuant to
Section 2.07. 
 “Tranche A2 Maturity Date” means the date that is 4 years from the Signing Date (being April 8,
2023). 
 “Tranche A2 Revolving Loan” means a Loan made pursuant to Section 2.01(a) from a Tranche A2 Lender. 

“Tranche A2 Revolving Commitment” means, with respect to any Tranche A2 Lender, the commitment of such Tranche A2 Lender to
make Tranche A2 Revolving Loans expressed as an amount representing the maximum aggregate amount of such Tranche A2 Lender’s potential Credit Exposure hereunder in respect of Tranche A2 Revolving Loans and to acquire participations in Swingline
Loans hereunder, as such commitment may (x) be reduced from time to time pursuant to Sections 2.06, and (y) increased or reduced from time to time pursuant to Section 2.07 or pursuant to assignments by or to such Tranche A2 Lender
pursuant to Section 11.05. The initial amount of each Tranche A2 Lender’s Tranche A2 Revolving Commitment is set forth in the Extension Request Acceptance Notice pursuant to which such Tranche A2 Lender shall have assumed its Tranche A2
Revolving Commitment in exchange for its Tranche A1 Revolving Commitment or in the Assignment and Assumption pursuant to which such Tranche A2 Lender shall have assumed its Tranche A2 Revolving Commitment. On the Signing Date, the aggregate amount
of the Tranche A2 Lenders’ Tranche A2 Revolving Commitments is US$0 (nil). 
 “Tranche A3 Lenders” means any Person
that shall have become a party hereto as a Tranche A3 Lender pursuant to an Assignment and Assumption or Section 2.07, other than any such Person that ceases to be a party as a Tranche A3 Lender hereto pursuant to an Assignment and Assumption.

 “Tranche A3 Maturity Date” means the date that is 5 years from the Signing Date (being April 8, 2024). 

“Tranche A3 Revolving Loan” means a Loan made pursuant to Section 2.01(a) from a Tranche A3 Lender. 

“Tranche A3 Revolving Commitment” means, with respect to any Tranche A3 Lender, the commitment of such Tranche A3 Lender to
make Tranche A3 Revolving Loans expressed as an amount representing the maximum aggregate amount of such Tranche A3 Lender’s potential Credit Exposure hereunder in respect of Tranche A3 Revolving Loans and to acquire participations in Swingline
Loans hereunder, as such commitment may (x) be reduced from time to time pursuant to Sections 2.06, (y) increased or reduced from time to time pursuant to assignments by or to such Tranche A3 Lender pursuant to Section 11.05 and
(z) be increased from time to time pursuant to Section 2.07. The initial amount of each Tranche A3 Lender’s Tranche A3 Revolving Commitment is set forth in the Extension Request Acceptance Notice pursuant to which such Tranche A3
Lender shall have assumed its Tranche A3 Revolving Commitment in exchange for its Tranche A2 Revolving Commitment or in the Assignment and Assumption pursuant to which such Tranche A3 Lender shall have assumed its Tranche A3 Revolving Commitment. On
the Signing Date, the aggregate amount of the Tranche A3 Lenders’ Tranche A3 Revolving Commitments is US$0 (nil). 

  
 25 

 “Tranche B Revolving Commitment” means, with respect to any
Tranche B Lender, the commitment of such Tranche B Lender to make Tranche B Revolving Loans expressed as an amount representing the maximum aggregate amount of such Tranche B Lender’s potential Credit Exposure hereunder in respect of Tranche B
Revolving Loans and to acquire participations in Swingline Loans hereunder, as such commitment may (x) be reduced from time to time pursuant to Section 2.06, and (y) increased or reduced from time to time pursuant to assignments by or
to such Tranche B Lender pursuant to Section 11.05. The initial amount of each Tranche B Lender’s Tranche B Revolving Commitment is set forth on Schedule 2.01 Part B, or in the Assignment and Assumption pursuant to which such Tranche B
Lender shall have assumed its Tranche B Revolving Commitment, as applicable. The initial aggregate amount of the Tranche B Lenders’ Tranche B Revolving Commitments is US$1,150,000,000. 

“Tranche B Lenders” means the Persons listed on Schedule 2.01 Part B and any other Person that shall have become a party
hereto as a Tranche B Lender pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party as a Tranche B Lender hereto pursuant to an Assignment and Assumption. 

“Tranche B Maturity Date” means the date that is 5 years from the Signing Date (being April 8, 2024). 

“Tranche B Revolving Loan” means a Revolving Loan made pursuant to Section 2.01(b). 

“Transactions” means the execution, delivery and performance by the Borrowers of this Agreement, the borrowing of Loans and
the issuance of Letters of Credit. 
 “Twenty Non-Bank Regulations” means the rule
that the aggregate number of creditors (including the Lenders), other than Swiss Qualifying Banks, of each Swiss Loan Party under all outstanding debts relevant for classification as debenture (Kassenobligation) (within the meaning of the
applicable Swiss Guidelines and Swiss tax laws), such as loans, facilities and/or private placements (including under the Loan Documents) must not at any time exceed 20 (twenty), all in accordance with the meaning of the applicable Swiss Guidelines.

 “Type” refers to the distinction between Loans bearing interest at the Alternate Base Rate and Loans bearing interest at
the Eurocurrency Rate. 
 “UCP” means the Uniform Custom and Practices for Documentary Credits with respect to letters of
credit, as then in effect, promulgated by the International Chamber of Commerce (or any successor thereto). 
 “US Borrower”
has the meaning specified in the preamble hereto. 
 “US Person” means any Person that is a “United
States Person” as defined in Section 7701(a)(30) of the Code. 
 “US Tax Compliance
Certificate” has the meaning specified in Section 2.15(f). 
 “VAT” means value added tax as provided for by
Israel, Switzerland or the Netherlands and any other tax of a similar nature in any jurisdiction. 
 “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. 

“Write-Down and Conversion Powers” means, 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. 

  
 26 

 Section 1.02 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
“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, 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 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, (c) 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, (d) 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, (e) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and, unless the context requires otherwise, shall include
without limitation (x) any applicable Israeli or foreign statute, law (including any rules or regulations promulgated under any such statute or law), regulation, treaty, rule, official directive, request or guideline of any of the Israeli or
foreign national, state, local, municipal, or other governmental, fiscal, monetary or regulatory body, agency, department or regulatory, self-regulatory or other authority or organisation, whether or not
having the force of law (but if not having the force of law, one which applies generally to the class or category of financial institutions of which any Lender or the Administrative Agent forms a part and compliance with which is in accordance with
the general practice of those financial institutions), including the instructions of Israeli Supervisor of Banks with respect to proper conduct of banking affairs (“Hora’ot Nihul Bankai Takin”) if applicable to
any such Person and (y) any applicable decision of any competent court or other judicial body, (f) 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, (g) as used herein, the obligation of any Loan Party under this Agreement or any other Loan Document in respect of interest accruing under
this Agreement or the other Loan Documents shall be deemed to include without limitation any interest accruing during the pendency of, or after the filing of any petition in respect of, any bankruptcy, insolvency, receivership or other similar
proceeding, (including, with respect to the Company: (i) an application for a stay of proceedings pursuant the Israel Companies Law or the Israeli Insolvency and Rehabilitation Law, (ii) an application for a commencement of proceedings
order (“tsav le-ptichat halichim”) pursuant to the Israeli Insolvency and Rehabilitation Law; and (iii) commencement of protected negotiations (“masa u-matan mugan”) with any of its creditors pursuant to the Israeli Insolvency and Rehabilitation Law) regardless of whether allowable or allowed in such proceeding, and (h) in this Agreement, where it
refers to a Dutch Borrower, a reference to (i) a security interest includes any mortgage (hypotheek), pledge (pandrecht), retention-of-title
arrangement (eigendomsvoorbehoud), a right of retention (recht van retentie), right to reclaim goods (recht van reclame), privilege (voorrecht) and, in general, any right in rem (beperkt recht) created for the
purpose of granting security (goederenrechtelijk zekerheidsrecht), (ii) a director in relation to a Dutch Borrower, means a managing director (bestuurder) and board of directors means its management board (bestuur), (iii) an
insolvency, liquidation or administration includes a Dutch Borrower being declared bankrupt (failliet verklaard) or dissolved (ontbonden), (iv) a moratorium includes surseance van betaling and being subject

  
 27 

 
to a moratorium includes surseance verleend, (v) any insolvency, liquidation or administration or any steps taken in connection therewith include a Dutch Borrower having filed a
notice under section 36 of the Dutch Tax Collection Act (Invorderingswet 1990) or section 23 of the Sectoral Pension Fund (Obligatory Membership) Act 2000 (Wet verplichte deelneming in een bedrijf pensioenfonds 2000), (vi) a
liquidator, a receiver or trustee in bankruptcy includes a (beoogd) curator, (vii) an administrator includes a (stille) bewindvoerder, (viii) an attachment refers to an “executoriaal beslag” and
attaching or taking possession of (any of those terms) includes “beslag leggen”, (ix) a necessary action to authorise where applicable, includes without limitation: (a) any action required to comply with the Works Councils Act
of the Netherlands (Wet op de ondernemingsraden); and (b) obtaining an unconditional positive advice (advies) from the competent works council(s) if a positive advice is required pursuant to the Dutch Works Councils Act
(Wet op de ondernemingsraden); (x) a merger includes a juridische fusie and a demerger includes a juridische splitsing; (xi) wilful misconduct means opzet; (xii) gross negligence means grove schuld
and negligence means schuld, (xiii) the Netherlands means the European part of the Kingdom of the Netherlands and Dutch means in or of the Netherlands, (xiv) terms such as “liquidation”, reorganization”,
“administration”, “receivership”, “winding-up”, “dissolution” and terms of similar import, for purposes of a Swiss Borrower shall be deemed to include a postponement of
the declaration of bankruptcy in accordance with Article 725a of the Swiss Code of Obligations, a composition suspension (Nachlasstundung) and composition proceeding (Nachlassverfahren) pursuant to Articles 293 et seq. of the
Swiss Federal Debt Collection and Bankruptcy Statute (and terms such as “receiver”, “administrator”, “liquidator”, “custodian” and “trustee” and terms of similar import shall be deemed to include an
administrator of the bankrupt estate (Konkursverwalter), composition officer (Sachwalter) or liquidator (Liquidator)), (xv) with respect to the Company, terms such as “liquidation”, reorganization”,
“administration”, “receivership”, “winding-up”, “dissolution”, “moratorium” and terms of similar import, shall be deemed to include (A) a stay of
proceedings pursuant to the Israeli Companies Law or the Israeli Insolvency and Rehabilitation Law (and an application therefor), (B) a commencement of proceedings order (“tsav le-ptichat
halichim”) pursuant to the Israeli Insolvency and Rehabilitation Law (and an application therefor), and (C) commencement of protected negotiations (“masa u-matan mugan”) with any
of its creditors pursuant to the Israeli Insolvency and Rehabilitation Law, (xvi) any reference herein to a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, shall be
deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or the unwinding of such a division or allocation), as if it were a merger, transfer, consolidation,
amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a separate Person and (xvii) any division of a limited liability company shall constitute a separate Person hereunder (and
each division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity). 

Section 1.03 Accounting Terms; GAAP 

All accounting terms not specifically defined shall be construed in accordance with GAAP. Except as otherwise expressly provided herein, all
financial statements to be delivered pursuant to this Agreement shall be prepared in accordance with GAAP as in effect from time to time and all terms of an accounting or financial nature shall be construed and interpreted in accordance with GAAP,
as in effect on the date hereof, subject to Section 6.02. 

  
 28 

 Section 1.04 Resolution of Drafting Ambiguities 

Each Loan Party acknowledges and agrees that it was represented by counsel in connection with the execution and delivery of the Loan Documents
to which it is a party, that it and its counsel reviewed and participated in the preparation and negotiation hereof and thereof and that any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not
be employed in the interpretation hereof or thereof. 
 ARTICLE 2 THE CREDITS 

Section 2.01 Commitments 
 Subject to
the terms and conditions set forth herein: 
  

	 	(a)	 each Tranche A Lender severally agrees to make Tranche A Revolving Loans (denominated in dollars or Euro, as
the applicable Borrower may request in accordance herewith) to the Borrowers from time to time on any Business Day during the applicable Availability Period in an aggregate principal amount that will not result in (i) such Tranche A
Lender’s applicable Credit Exposure exceeding such Tranche A Lender’s Tranche A Revolving Commitment or (ii) the sum of the total applicable Credit Exposures exceeding the total Tranche A Revolving Commitments; provided that such
Tranche A Revolving Loans shall be applied pro rata from the then current Tranche A1 Revolving Commitments, Tranche A2 Revolving Commitments and Tranche A3 Revolving Commitments; and 

 

	 	(b)	 each Tranche B Lender severally agrees to make Tranche B Revolving Loans (denominated in dollars or Euro, as
the applicable Borrower may request in accordance herewith) to the Borrowers from time to time on any Business Day during the applicable Availability Period in an aggregate principal amount that will not result in (i) such Tranche B
Lender’s applicable Credit Exposure exceeding such Tranche B Lender’s Tranche B Revolving Commitment or (ii) the sum of the total applicable Credit Exposures exceeding the total Tranche B Revolving Commitments. 

Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Revolving
Loans. Revolving Loans may only be made under Tranche B if Tranche A is fully utilized (or there are otherwise no undrawn Tranche A Commitments available). 

Section 2.02 Loans 
  

	 	(a)	 Each Loan (other than a Swingline Loan) shall consist of Revolving Loans of the same type and be made by the
applicable Lenders under the applicable Tranche ratably (or in the case of any Tranche A Loans, ratably across all then existing Tranche A Commitments) in accordance with their respective Commitments available for Loans in respect of such Tranche
(for the avoidance of doubt, as reduced by any deemed utilization under Section 2.19(b)). 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
Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

  

	 	(b)	 Subject to Sections 2.11 and 2.12, each Loan (other than a Swingline Loan) shall consist entirely of Dollar
Loans or Alternate Currency Loans as the applicable Borrower may request in accordance herewith. Each Lender (and each Issuing Bank in the case of a Letter of Credit) at its option may make any Loan (or issue a Letter of Credit, as applicable) by
causing any domestic or foreign branch or Affiliate of such Lender to make such Loan (or issue such Letter of Credit, as the case may be); provided that any exercise of such options shall not affect the obligation of the applicable Borrowers to
repay such Loan (or reimburse such Letter of Credit, as the case may be) in accordance with the terms of this Agreement. If requested by the Administrative Agent, each Lender so requested shall promptly provide to the Administrative Agent an
Administrative Questionnaire, which shall among other things, specify the Lending Office to be used by such Lender. 

  
 29 

	 	(c)	 Except in the case of Loans deemed made pursuant to Section 2.19(e), each borrowing, conversion or
continuation of Loans hereunder shall be in an aggregate amount that is an integral multiple of US$5,000,000 and not less than US$10,000,000 (or, in the case of an Alternate Currency Loan, the Euro Equivalent thereof). Loans of more than one
applicable Loan Currency, Type and/or applicable Interest Periods may be outstanding at the same time; provided that there shall not at any time be more than a total of ten Loans outstanding. 

 

	 	(d)	 Notwithstanding any other provision of this Agreement, no Borrower shall be entitled to request, or to elect to
convert or continue, any Loan if the Interest Period requested with respect thereto would end after the applicable Maturity Date. 

Section 2.03 Requests for Loans 
 To
request a Loan (other than a Swingline Loan), the applicable Borrower shall notify the Administrative Agent of such request in writing (a) in the case of a Eurocurrency Loan denominated in Dollars, not later than 12:00 noon, New York City time,
three Business Days before the date of the proposed Loan, (b) in the case of a Eurocurrency Loan denominated in Euro, not later than 12:00 noon, New York City time, four Business Days before the date of the proposed Loan, or (c) in the
case of an ABR Loan, not later than 12:00 noon, New York City time, one Business Day before the date of the proposed Loan. Each such Loan Notice shall be delivered by hand delivery, fax or emailed pdf of the Loan Notice, signed by the
applicable Borrower. Following such confirmation, the Loan Notice shall be irrevocable and binding on the Borrower. Each such written Loan Notice shall specify the following information in compliance with Section 2.02: 

 

	 	(i)	 the name and jurisdiction of the applicable Borrower; 

 

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

 

	 	(iii)	 the date of such Loan, which shall be a Business Day; 

 

	 	(iv)	 the applicable Loan Currency for such Loan (which shall be Dollars for any ABR Loan); 

 

	 	(v)	 the Type of Loans to be borrowed (ABR or Eurocurrency); 

 

	 	(vi)	 in the case of a Eurocurrency Loan, the initial Interest Period to be applicable thereto, which shall be a
period contemplated by the definition of the term “Interest Period”; 

  

	 	(vii)	 that the conditions set forth in Sections 4.01 and 4.02 have been satisfied in full as of the date of the
notice; 

  

	 	(viii)	 the location and number of the applicable Borrower’s account to which funds are to be disbursed, which
shall comply with the requirements of Section 2.04; and 

  

	 	(ix)	 whether the requested Loan is to be a borrowing of a Tranche A Revolving Loan or a Tranche B Revolving Loan
(provided that a Tranche A Revolving Loan shall be applied pro rata from the then current Tranche A1 Revolving Commitments, Tranche A2 Revolving Commitments and Tranche A3 Revolving Commitments). 

If no election as to the Loan Currency of a requested Loan is specified, then such Loan shall be a Dollar Loan. If no election as to the Type
of Loan is specified then the applicable Loan shall be made as an ABR Loan. If any Borrower requests a borrowing of Eurocurrency Loans, but fails to specify an Interest Period, such Borrower will be deemed to have specified an

  
 30 

 
Interest Period of one month’s duration. Promptly following receipt of a Loan Notice in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof
and of the amount of such Lender’s Loan to be made as part of the requested Loan. 
 For the avoidance of doubt, the Loan Notice in
respect of the initial Credit Extension may be delivered at any time from and after the execution and delivery of this Agreement by the parties hereto, regardless of whether the Effective Date has occurred, and though no Credit Extensions may occur
until the Effective Date and until after the other applicable conditions have been waived or satisfied in accordance with this Agreement, the other duties and obligations of the parties hereto shall apply from and after the execution and delivery of
this Agreement by the parties hereto (and for the avoidance of doubt from and after such execution and delivery, Commitment Fees shall begin to toll and Sections 2.12, 2.13, 2.14, 2.15 and 11.04 shall apply). 

Section 2.04 Funding of Loans 
  

	 	(a)	 Each Lender shall make each Loan (other than a Swingline Loan, which Swingline Loans shall be made as provided
in Section 2.18 and except in the case of Loans deemed made pursuant to Section 2.19(e)) to be made by it hereunder on the proposed Funding Date (to the extent a Loan is being made) by wire transfer of immediately available funds by 1:00
p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will (subject to receipt of the same from the Lenders and the prior or concurrent
satisfaction or waiver of the conditions precedent set forth in Sections 4.01 and 4.02 make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account designated by the applicable
Borrower in the applicable Loan Notice on the applicable Funding Date; provided that if on the date of any borrowing of any Revolving Loans, any Swingline Loans made to any Borrower or LC Disbursements for the account of any Borrower
shall be then outstanding, the proceeds of such Revolving Loans shall first be applied to pay in full such Swingline Loans or LC Disbursements, with any remaining proceeds to be made available to the applicable Borrower as provided above. For
the avoidance of doubt, if the Administrative Agent does not receive the funds from the Lenders to the extent contemplated in this paragraph, the Administrative Agent shall not be obliged to make an equivalent amount available to the Borrower.

  

	 	(b)	 Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Loan
that such Lender will not make available to the Administrative Agent such Lender’s share of such Loan, the Administrative Agent may (but is not required to) assume that such Lender has made such share available on such date in accordance with
this Section 2.04 and may (in its sole discretion), 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 share of the applicable Loan available
to the Administrative Agent, then the applicable 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 a payment to be made by such Lender, the greater of the Federal Funds Effective Rate and a rate
determined by the Administrative Agent in accordance with banking industry rules on interbank compensation plus any administrative, processing or similar fees customarily charged by the Administrative Agent in accordance with the foregoing and
(ii) in the case of a payment to be made by the applicable Borrower, the 

  
 31 

	 	
interest rate applicable to ABR Loans. If the applicable Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the
Administrative Agent shall promptly remit to such Borrower the amount of such interest paid by such Borrower for such period. If such Lender pays its share of the applicable Loan to the Administrative Agent, then the amount so paid shall constitute
such Lender’s Loan included in such Loan. Any payment by such 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 2.05 Interest Elections 
  

	 	(a)	 Each Loan initially shall be of the Type specified in the applicable Loan Notice and, in the case of
Eurocurrency Loans, shall have an initial Interest Period as specified in such Loan Notice or as otherwise provided in Section 2.03. Thereafter, the applicable Borrower may elect to convert such Loan to a different Type or to continue such Loan
and, in the case of a Eurocurrency Loan, may elect Interest Periods therefor, all as provided in this Section; provided, however, that any conversion of Eurocurrency Loans into ABR Loans shall be made only on the last day of an Interest Period for
such Eurocurrency Loans, any conversion of ABR Loans into Eurocurrency Loans shall be in an amount not less than the minimum amount specified in Section 2.02(c) and no conversion of Loans shall result in more separate Loans than permitted under
Section 2.02(c). The applicable Borrower may elect different options with respect to different portions of the affected Loan, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Loan,
and the Loans comprising each such portion shall be considered a separate Loan. This Section 2.05 shall not apply to Swingline Loans, which shall at all times be US dollar denominated ABR Loans and may not be converted or continued.

  

	 	(b)	 To make an election pursuant to this Section, the applicable Borrower shall notify the Administrative Agent of
such election in writing by the time that a Loan Notice would be required under Section 2.03 if such Borrower were requesting a Loan of the applicable Loan Currency. Each such written Interest Election Request shall be delivered to the
Administrative Agent and signed by the applicable Borrower. Following such delivery, the Interest Election Request shall be irrevocable. 

  

	 	(c)	 Each Interest Election Request shall specify the following information in compliance with Section 2.02:

  

	 	(i)	 the Loan 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 Loan (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Loan);

  

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

  

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

 

	 	(iv)	 if the resulting Loan is a Eurocurrency Loan, 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.” 

  
 32 

 If any such Interest Election Request requests a conversion to or continuation of any
Eurocurrency Loans but does not specify an Interest Period, then the applicable Borrower shall be deemed: 
  

	 	(i)	 to have selected an Interest Period of one month’s duration, with regard to Euro denominated Eurocurrency
Loans; or 

  

	 	(ii)	 to have converted the Loans to ABR Loans, with regard to dollar denominated Eurocurrency Loans,

 in each case, which under no circumstances may continue after the relevant Maturity Date. 

 

	 	(d)	 Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender
of the details thereof and of such Lender’s portion of each resulting Loan. 

  

	 	(e)	 If the applicable Borrower fails to deliver a timely Interest Election Request with respect to a Loan prior to
the end of the Interest Period applicable thereto, then, unless such Loan is repaid as provided herein, the Administrative Agent shall forthwith so notify such Borrower whereupon each such Eurocurrency Loan shall, subject to Sections 2.11 and 2.13,
continue with an Interest Period of one month’s duration. Notwithstanding any contrary provision hereof, if an Event of Default under Sections 7.01(a), (b), (g), (h) or (i) has occurred and is continuing, and the Administrative Agent, at
the request of the Required Lenders, so notifies the Parent, then, so long as an Event of Default under Sections 7.01(a), (b), (g), (h) or (i) is continuing, on the last day of the then current Interest Period in respect thereto,
(i) no outstanding Loans may be converted to or continued as a Eurocurrency Loan, (ii) unless repaid, each Dollar Loan shall automatically convert into an ABR Loan, and (iii) unless repaid, each Alternate Currency Loan shall be
redenominated into Dollar Loans in the amount of the Dollar Equivalent thereof and then subject to the provisions of the immediately preceding clause (ii). Any automatic conversion to ABR Loans pursuant to this Agreement shall be effective as
of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Loans. 

 Section 2.06
Termination and Reduction of Commitments 
  

	 	(a)	 Unless previously terminated: 

 

	 	(i)	 the Tranche A1 Revolving Commitments shall terminate on the Tranche A1 Maturity Date, 

 

	 	(ii)	 the Tranche A2 Revolving Commitments shall terminate on the Tranche A2 Maturity Date, 

 

	 	(iii)	 the Tranche A3 Revolving Commitments shall terminate on the Tranche A3 Maturity Date, and

  

	 	(iv)	 the Tranche B Revolving Commitments shall terminate on the Tranche B Maturity Date 

(and for the avoidance of doubt all commitments to provide Swingline Loans and Letters of Credit under any such applicable Tranche shall
terminate as well). 
  

	 	(b)	 The Parent may at any time terminate in whole, or from time to time reduce in part, the Commitment in respect
of any Tranche; provided that (i) each such reduction or termination of a Tranche A Revolving Commitment shall be pro rata across the then 

  
 33 

	 	
current Tranche A1 Revolving Commitments, the Tranche A2 Revolving Commitments and the Tranche A3 Revolving Commitments, (ii) Tranche A Revolving Commitments may only be reduced or
terminated to the extent that there are no more outstanding Tranche B Revolving Commitments (or Tranche B Revolving Loans), (iii) each reduction of the applicable Commitment shall be in an amount that is an integral multiple of US$5,000,000 and
not less than US$10,000,000 and (iv) the Parent shall not terminate or reduce such Commitment if, after giving effect to any concurrent prepayment of the applicable Loan in accordance with Section 2.08, (A) the Credit Exposure of any
Lender under such Tranche would exceed its then available Commitment under such Tranche or (B) the sum of the Credit Exposures under such Tranche would exceed the then available Aggregate Commitments under such Tranche. 

 

	 	(c)	 The Parent shall notify the Administrative Agent of any election to terminate or partially reduce any
Commitment under paragraph (b) of this Section 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 pursuant to this Section shall be irrevocable; provided that a notice of termination of such Commitment delivered by the Parent may
state that such notice is conditioned upon the effectiveness of other credit facilities or another event, in which case such notice may be revoked by the Parent (by notice to the Administrative Agent on or prior to the specified effective date) if
such condition is not satisfied. Any termination or reduction of any Commitment shall be permanent. Each reduction of Commitments shall be made ratably among the applicable Lenders under such Tranche in accordance with their respective Commitments
thereunder. 

 Section 2.07 Repayment of Loans; Evidence of Debt 

 

	 	(a)	 Each Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the ratable
account of each applicable Lender under the applicable Tranche, the then unpaid principal amount of each applicable Revolving Loan made to it (and all accrued and unpaid interest thereon) on the applicable Maturity Date and (ii) to the
Administrative Agent for the account of the Swingline Lender, the then unpaid principal amount of each Swingline Loan on the earlier of the applicable Maturity Date and 7 calendar days after such Swingline Loan is made; provided that on each
date that a borrowing of Revolving Loans is made, all Swingline Loans then outstanding shall be repaid. If the Credit Exposure in respect of any Tranche at any time exceeds the Aggregate Commitments under such Tranche, the Borrowers shall comply
with Section 2.08(a) in respect of such Tranche. All payments or repayments of Loans made pursuant to this Section 2.07(a) shall be made in the Loan Currency in which such Loan is denominated. 

Unless an Event of Default then exists, the Parent may request (a) within the first 12 months after the Signing Date (the “First
Year”) that the Tranche A1 Lenders extend the applicable Maturity Date for an additional 12 months beyond the Tranche A1 Maturity Date to the Tranche A2 Maturity Date by exchanging all or a portion of their applicable Tranche A1 Revolving
Loans and/or Tranche A1 Revolving Commitments for Tranche A2 Revolving Loans and/or Tranche A2 Revolving Commitments and (b) within the second 12 months after the Signing Date (the “Second Year”) that the Tranche A2 Lenders
extend the applicable Maturity Date for an additional 12 months beyond the Tranche A2 Maturity Date to the Tranche A3 Maturity Date by exchanging all or a portion of their applicable Tranche A2 Revolving Loans or

  
 34 

	 	
Tranche A2 Revolving Commitments for Tranche A3 Revolving Loans and/or Tranche A3 Revolving Commitments, in each case, by delivery of an Extension Request Notice to the Administrative Agent at
least 30 days prior to the end of the First Year, in the case of clause (a), and at least 30 days prior to the end of the Second Year, in the case of clause (b). 

Any Tranche A1 Lender wishing to extend all or a portion of its Tranche A1 Revolving Commitment (or Tranche A1 Loan) to the Tranche A2 Maturity
Date and any Tranche A2 Lender wishing to extend all or a portion of its Tranche A2 Revolving Commitment (or Tranche A2 Loan) to the Tranche A3 Maturity Date, may in its sole discretion deliver an Extension Request Acceptance Notice to the
Administrative Agent confirming such extension with respect to all or a portion of its Tranche A1 Revolving Commitment (or Tranche A1 Loan) or Tranche A2 Revolving Commitment (or Tranche A2 Loan), as applicable, on or prior to the last Business Date
of the First Year or of the Second Year, as applicable. To the extent (i) any Tranche A1 Lenders deliver such Extension Request Acceptance Notice to the Administrative Agent, all or a portion of such Tranche A1 Lenders’ Tranche A1
Revolving Commitment (or Tranche A1 Loan) shall automatically be deemed (without any further action) a Tranche A2 Revolving Commitment (or Tranche A2 Loan) of the same Lender who shall from such date be classified as a Tranche A2 Lender in respect
of such Tranche A2 Revolving Commitment (or Tranche A2 Loan) and (ii) any Tranche A2 Lenders deliver such Extension Request Acceptance Notice to the Administrative Agent, all or a portion of such Tranche A2 Lenders’ Tranche A2 Revolving
Commitment (or Tranche A2 Loan) shall automatically be deemed (without any further action) a Tranche A3 Revolving Commitment (or Tranche A3 Loan) of the same Lender who shall from such date be classified as a Tranche A3 Lender in respect of such
Tranche A3 Revolving Commitment (or Tranche A3 Loan). 
 For the avoidance of doubt, it being understood that any such extension shall be at
the sole discretion of each Lender acting on its own and shall only apply to Loans or Commitments of Lenders that deliver an Extension Request Acceptance Notice. Any Tranche A Lender that does not so deliver an Extension Request Acceptance Notice
shall be referred to as a “Non-Extending Lender”. In connection with any such extension, to the extent any Borrower qualifies as a “legal entity customer” under the Beneficial
Ownership Regulation, then, upon the reasonable request of the Administrative Agent or any Lender, the Borrower shall deliver to the Administrative Agent and any such Lender a Beneficial Ownership Certification prior to the effectiveness of such
extension in form and substance reasonably satisfactory to the Administrative Agent and any such Lender. 
  

	 	(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 Tranche, Type and Loan Currency thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrowers to each Lender hereunder and
(iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 

  

	 	(d)	 The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section 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 the Borrowers to repay the Loans in accordance with the terms of this Agreement. 

  
 35 

	 	(e)	 Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the applicable
Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender and substantially in the form of revolving loan note or swingline loan note, as applicable (each, a “Note”), attached
hereto as Exhibits E or F, as applicable. Thereafter (but without derogating from paragraphs (b), (c) and (d) above), the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to
Section 11.05) be represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns). 

Section 2.08 Prepayment of Loans 
  

	 	(a)	 The Borrowers shall have the right at any time and from time to time to prepay any Loan in whole or in part,
subject to prior notice in accordance with paragraph (b) of this Section. 

 In the event and on such occasion that:

  

	 	(i)	 the Credit Exposure in respect of any Tranche of any Lender exceeds: 

 

	 	(A)	 105% of the such Lender’s Commitment under such Tranche solely as a result of currency fluctuations; or

  

	 	(B)	 such Lender’s Commitment under such Tranche (other than as a result of currency fluctuations); or

  

	 	(ii)	 the aggregate Credit Exposure in respect of any Tranche of the Lenders under such Tranche exceeds:

  

	 	(A)	 105% of the aggregate Commitments under such Tranche solely as a result of currency fluctuations; or

  

	 	(B)	 the aggregate Commitments under such Tranche (other than as a result of currency fluctuations),

 the Borrowers shall prepay borrowings of Revolving Loans under such Tranche or borrowings of Swingline Loans, if
applicable (or, if no such borrowings are outstanding, deposit cash collateral in an account with the Administrative Agent pursuant to Section 2.19(j)) in an aggregate amount equal to such excess. Prepayments under the first sentence of this
Section 2.08 shall be first applied to outstanding amounts under Tranche B, and may then be applied to outstanding amounts under Tranche A (as directed by the Parent) to the extent no amounts are outstanding under Tranche B. 

 

	 	(b)	 The applicable Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline
Loan, the Swingline Lender) in writing of the proposed date and the principal amount of any prepayment hereunder (x) in the case of Eurocurrency Loans, not later than 11:00 a.m., New York City time, at least three Business Days prior to the
date of prepayment, (y) in the case of ABR Loans (other than Swingline Loans), not later than 11:00 a.m., New York City time, one Business Day before the date of prepayment and (z) in the case of prepayment of a Swingline Loan,
not later than 11:00 a.m., New York City time, on the date of prepayment. 

  
 36 

	 	
Each such notice shall be irrevocable and shall specify the prepayment date, the applicable Tranche (or portion thereof) being prepaid and the principal amount of each Loan or portion thereof to
be prepaid; provided that any such notice of voluntary prepayment may be conditioned upon the effectiveness of other credit facilities or another event, in which case such notice may be revoked by the Parent (by notice to the Administrative Agent on
or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating to a Loan (other than a notice relating solely to Swingline Loans), the Administrative Agent shall advise the
Lenders of the contents thereof. Each partial prepayment of any Loan shall be in an amount that is an integral multiple of US$5,000,000 and not less than US$10,000,000 (or, in the case of an Alternate Currency Loan partial prepayment, the Euro
Equivalent thereof). Each prepayment of a Loan shall be applied ratably to the Loans of such Tranche included in the prepaid Loan of such Tranche. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.10.

  

	 	(c)	 If a Change of Control occurs: 

 

	 	(i)	 the Parent shall promptly notify the Administrative Agent upon becoming aware of that event;

  

	 	(ii)	 no Lender shall be obliged to fund any Loans or issue or fund any Letters of Credit; and 

 

	 	(iii)	 if a Lender so requires and notifies the Administrative Agent and the Parent within 30 days of the Parent
notifying the Administrative Agent of the event, the Administrative Agent shall, by not less than thirty days notice to the Parent, cancel the Commitment of that Lender and declare the participation of that Lender in all outstanding Loans, together
with accrued interest, and all other amounts accrued under the Loan Documents immediately due and payable, whereupon the Commitment of that Lender will be cancelled and all such outstanding amounts will become immediately due and payable and the
Parent shall arrange for the return of all outstanding Letters of Credit issued by such Lender (or, instead, deposit in a cash collateral account with the Administrative Agent pursuant to Section 2.19(j), in the name of the Administrative Agent
and for the benefit of such Lender, an amount in cash equal to 105% of the LC Exposure of such Lender (in its capacity as Issuing Bank) as of such date plus any accrued and unpaid interest thereon). 

Section 2.09 Fees 
  

	 	(a)	 Commitment Fee. The Parent agrees to pay to the Administrative Agent for the account of each Non-Defaulting Lender a commitment fee (a “Commitment Fees”) equal to the Applicable Commitment Fee per annum on the actual daily unused amount of each Revolving Commitment of such Non-Defaulting Lender during the period from and including the date hereof to but excluding the date on which any such Commitment terminates. Accrued Commitment Fees shall be payable quarterly in arrears (A) on
the last Business Day of each of March, June, September and December of each year, commencing on the first such date to occur after the date hereof, and (B) on the date on which any such Commitment terminates. Commitment 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). For purposes of computing Commitment Fees with respect to Revolving Commitments, a Revolving
Commitment of a Lender shall be deemed to be used to the extent of the Credit Exposure of such Lender (and the Swingline Exposure of such Lender shall be disregarded for such purpose) (including for the avoidance of doubt, as reduced by any deemed
utilization under Section 2.19(b)). 

  
 37 

	 	(b)	 The Parent agrees to pay to the Administrative Agent, for its own account, the fees set forth in the Fee
Letter, in accordance with the terms thereof. 

  

	 	(c)	 The Parent and the applicable Borrower with respect to Letters of Credit issued on behalf such Borrower jointly
agree to pay to the Administrative Agent for the account of each Lender that is an Issuing Bank a Letter of Credit fee (“LC Fee”) with respect to Letters of Credit issued by such Issuing Bank, which shall accrue
at a rate equal to the Applicable Margin for such applicable Tranche from time to time used to determine the interest rate on Eurocurrency Loans under such Tranche pursuant to Section 2.10 on such Issuing Bank’s LC Exposure under any
applicable Tranche during the period from and including the Effective Date to but excluding the later of the date on which such Lender’s applicable Revolving Commitment terminates and the date on which such Lender ceases to have any
LC Exposure under such Tranche, as well as the applicable Issuing Bank’s customary fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Accrued LC Fees shall
be payable in arrears (i) on the last Business Day of March, June, September and December of each year, commencing on the first such date to occur after the Effective Date, and (ii) on the date on which the applicable Revolving Commitments
terminate. Any such fees accruing after the date on which the applicable Revolving Commitments terminate shall be payable on demand. Any other fees payable to the applicable Issuing Bank pursuant to this paragraph shall be payable within
10 days after demand therefor. All LC 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). 

 

	 	(d)	 All fees payable hereunder shall be paid on the dates due, in immediately available funds in dollars (except
that LC Fees shall be paid in the currency of the underlying Letter of Credit) to the Administrative Agent and, in the case of the Commitment Fee and the LC Fee, for distribution, if and as appropriate, among the Lenders or the applicable Lenders.
Once paid, none of the fees shall be refundable under any circumstances. 

 Section 2.10 Interest 

 

	 	(a)	 Each Borrower shall pay interest on the unpaid principal amount of each Loan owing by such Borrower to the
Lenders from the date of such Loan until such principal amount shall be paid in full, as follows: 

  

	 	(i)	 ABR Loans. During such periods as such Loan (including each Swingline Loan) is an ABR Loan, at a rate per annum
equal at all times to the sum of (x) the Alternate Base Rate plus (y) the Applicable Margin for such Tranche. 

  

	 	(ii)	 Eurocurrency Loans. During such periods as such Loan is a Eurocurrency Loan, at a rate per annum equal at all
times during each Interest Period for such Loan to the sum of (x) the Eurocurrency Rate for such Interest Period for such Loan plus (y) the Applicable Margin for such Tranche. 

 

	 	(b)	 Notwithstanding the foregoing, upon the occurrence and during the continuance of any Event of Default, if any
principal of or interest on any Loan or any fee or other amount payable by the Borrowers 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 or interest on any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any
other amount, 2% plus the rate applicable to Dollar Loans as provided in paragraph (a)(i) of this Section. 

  
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	 	(c)	 Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and upon
termination of the applicable Commitment; provided that (i) interest accrued pursuant to paragraph (b) of this Section shall be payable on demand and (ii) in the event of any repayment or prepayment of any Loan (other than a
prepayment of an ABR Loan prior to the end of the applicable 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 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. 

 

	 	(d)	 All interest hereunder shall be computed on the basis of a year of 360 days, except that 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 or Eurocurrency Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

  

	 	(e)	 All interest paid or payable pursuant to this Section shall be paid in the Loan Currency in which the Loan
giving rise to such interest is denominated. 

  

	 	(f)	 This Section 2.10(f) will apply only in respect of payments to be made by a Swiss Loan Party. For purposes
of this Section 2.10(f), the term “Lender” shall be deemed to include the Administrative Agent, each Lender and each Issuing Bank. 

  

	 	(i)	 The various rates of interests and fees provided for in this Agreement (including, without limitation, under
this Section 2.10) are minimum interest and/or fee rates. 

  

	 	(ii)	 When entering into this Agreement, each party hereto has assumed that the payments required under this
Agreement are not and will not become subject to Swiss Withholding Tax. Notwithstanding that the parties hereto do not anticipate that any payment will be subject to Swiss Withholding Tax, they agree that, in the event that Swiss Withholding Tax
should be imposed on interest, fees or other payments by a Swiss Loan Party, the rate of such payment of such amounts due by such Swiss Loan Party (the “Relevant Amount”) shall, subject to the provisions of this Agreement, be
increased to a rate which (after making any deduction of the Non-refundable Portion of Swiss Withholding Tax) results in a payment to each Lender entitled to such payment of an amount equal to the payment
which would have been due if no deduction of Swiss Withholding Tax had been required. For this purpose, the Swiss Withholding Tax shall be calculated on the full grossed-up amount. 

 

	 	(iii)	 For the purpose of this Section 2.10(f), “Non-refundable
Portion of Swiss Withholding Tax” shall mean an amount equal to the amount of Swiss Withholding Tax on the Relevant Amount at the standard rate (being, as at the date of this Agreement, 35%) unless the Swiss Federal Tax Administration
confirms to the applicable Swiss Loan Party in writing that, in relation to a specific Lender based on an applicable double taxation treaty, the applicable Swiss Withholding Tax rate is a specified lower rate in which case such lower rate shall be
applied in relation to such Lender. 

  
 39 

	 	(iv)	 For the avoidance of doubt, the applicable Swiss Loan Party shall be required to make an increased payment to a
specific Lender under clause (ii) above in connection with the imposition of a Swiss Withholding Tax even if there is a lack of compliance with the Ten Non-Bank Regulations and/or the Twenty Non-Bank Regulations. 

  

	 	(v)	 If requested by the Administrative Agent, the applicable Swiss Loan Party shall provide to the Administrative
Agent those documents which are required by law and applicable double taxation treaties to be provided by the payor of such tax for each relevant Lender to prepare a claim for refund of Swiss Withholding Tax. In the event Swiss Withholding Tax is
refunded to a Lender by the Swiss Federal Tax Administration, the relevant Lender shall forward, after deduction of costs, such amount to the applicable Swiss Loan Party; provided, however, that (A) the applicable Swiss Loan Party has
fully complied with its obligations under this Section 2.10(f); (B) the relevant Lender may determine, in its sole discretion, consistent with the policies of such Lender, the amount of the refund attributable to Swiss Withholding Tax paid by
the applicable Swiss Loan Party; (C) nothing in this Section 2.10(f) shall require the Lender to disclose any confidential information to the applicable Swiss Loan Party (including, without limitation, its tax returns); and (D) no
Lender shall be required to pay any amounts pursuant to this clause (v) at any time during which a Default or Event of Default exists. 

  

	 	(vi)	 Unless an Event of Default then exists if (x) (A) any Lender representing under Section 11.23 that it
is a Swiss Qualifying Bank and such representation shall prove to have been untrue when made, (B) any participant pursuant to a Restricted Sub-participation that is not consented to by the Parent shall be
a Swiss Non-Qualifying Bank or (C) any Lender that was a Swiss Qualifying Bank when it became a party to this Agreement shall thereafter become a Swiss
Non-Qualifying Bank as a result of its own action (excluding, for the avoidance of doubt, as a result of a Change in Law in Switzerland or in such Lender’s jurisdiction), and (y) the result of any
such occurrence, event or action is to cause the non-compliance by the applicable Swiss Loan Party with the Ten Non-Bank Regulations (any such Lender or participant
pursuant to a Restricted Sub-participation, as applicable, to which preceding clauses (x) and (y) apply, a “Swiss Excluded Lender”), then such Swiss Excluded Lender shall not be
entitled to receive any “gross-up” or increased rate payments pursuant to this Section 2.10(f) or Section 2.15 with respect to the resulting Swiss Withholding Tax in connection with the Ten
Non-Bank Regulations or the Twenty Non-Bank Regulations. 

Section 2.11 Alternate Rate of Interest 

If prior to the commencement of any Interest Period but subject in all aspects to Section 2.22: 

 

	 	(a)	 the Administrative Agent determines (which determination shall be conclusive absent manifest error) that
adequate and reasonable means do not exist for ascertaining the applicable Eurocurrency Rate, for such Interest Period; or 

  

	 	(b)	 the Administrative Agent determines or is advised in writing by the Required Lenders (which determination shall
be conclusive absent manifest error) that deposits are not being offered to banks in the London interbank market for the applicable currency, amount or Interest Period of such Loan; or 

  
 40 

	 	(c)	 the Administrative Agent is advised by the Required Lenders that the applicable Eurocurrency Rate for such
Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such borrowing for such Interest Period; 

then the Administrative Agent shall give notice thereof to the Parent and the Lenders by telephone or telecopy as promptly as practicable
thereafter and, until the Administrative Agent notifies the Parent and the Lenders that the circumstances giving rise to such notice no longer exist, (i) if any Loan Notice requests a new Loan of Dollar Loans, such Loan shall be made as an
ABR Loan (notwithstanding what may be contained in such Loan Notice), (ii) any Interest Election Request that requests the conversion of any Loan to, or continuation of any Loan as, a Eurocurrency Loan will not be effective, (iii) any
Loan Notices for new Loans of Alternate Currency Loans will not be effective and (iv) with respect to outstanding Loans, (x) in the case of Dollar Loans, at the end of such applicable Interest Period, such Loans shall be converted to
ABR Loans (notwithstanding what may be contained in such Loan Notice) and (y) in the case of Alternate Currency Loans or the Eurocurrency Rate shall be the rate notified to the Parent by the Administrative Agent, in the case of clause
(a) above, or by such Lenders (or Lender), in the case of clause (b) or (c) above, as soon as practicable and in any event before interest is due to be paid in respect of the applicable Interest Period, to be that which expresses as a
percentage rate per annum the all in cost of funds to the applicable Lenders (or Lender) of funding such outstanding Loans from whatever source such Lenders (or Lender) may reasonably select. 

Section 2.12 Increased Costs 
  

	 	(a)	 Increased Costs Generally. If any Change in Law shall: 

 

	 	(i)	 impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender; 

  

	 	(ii)	 subject any Lender to any tax of any kind whatsoever with respect to this Agreement or any Loan made by it or
Letter of Credit (as applicable) issued by it, or its commitments, or other obligations (including participations in any Swingline Loans or Letters of Credit), or its deposits, reserves, other liabilities or capital attributable thereto or change
the basis of taxation of payments to such Lender or Issuing Bank in respect thereof (except for Indemnified Taxes, Other Taxes, Taxes described in clauses (b) through (c) of the definition of Excluded Taxes, Connection Income Taxes and the
imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or Issuing Bank and without double counting any amounts otherwise compensated or paid or amounts that would otherwise be excluded under Section 2.10(f)); or

  

	 	(iii)	 impose on any Lender or Issuing Bank or the London interbank market any other condition, cost or expense
affecting this Agreement or Loans made by such Lender or any Letter of Credit (as applicable) or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender or Issuing Bank 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 or such Issuing Bank of participating in, issuing or maintaining any Letter of Credit or Swingline Loan (or of maintaining its
obligation to participate in or to issue 

  
 41 

 
any Letter of Credit or Swingline Loan), or to reduce the amount of any sum received or receivable by such Lender or Issuing Bank hereunder (whether of principal, interest or any other amount)
then, upon request of such Lender or Issuing Bank, the Parent will pay to such Lender or Issuing Bank such additional amount or amounts as will compensate such Lender or Issuing Bank for such additional costs incurred or reduction suffered. A
certificate of such Lender or Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or Issuing Bank shall be delivered to the Parent and shall be conclusive absent manifest error. Such Lender or Issuing Bank shall use
commercially reasonable efforts to deliver such certificate promptly after such additional costs are incurred or reduction suffered. The Parent shall pay such Lender or Issuing Bank the amount shown as due on any such certificate within 15 days
after receipt thereof. 
  

	 	(b)	 The Parent shall pay (or cause the applicable Borrower to pay) to any Lender or Issuing Bank, as long as such
Lender or Issuing Bank or its holding company shall be required to comply with any reserve ratio requirement, capital or liquidity requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of
the maintenance of the Commitments or Letters of Credit or the funding of the Eurocurrency Loans, such additional costs or reduced rate of return (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal
places) equal to the actual costs or reduced rate of return allocated to such Commitment or Loan or Letters of Credit by such Lender or Issuing Bank or its holding company (as determined by the Lender in good faith, which determination shall be
conclusive), which shall be due and payable on each date on which interest is payable on such Loan or Letters of Credit, provided the Parent shall have received at least 15 days’ prior notice of such additional costs from such Lender or
Issuing Bank. If such Lender or Issuing Bank fails to give notice 15 days prior to the relevant Interest Payment Date, such additional costs shall be due and payable 15 days from receipt of such notice. 

 

	 	(c)	 Delay in Requests. Failure or delay on the part of any Lender or Issuing Bank to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided that the Parent and the applicable Borrower shall not be required to compensate a Lender or
Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or Issuing Bank notifies the Parent of the Change in Law or other factor giving rise to such increased costs
or reductions and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law or other factor giving rise to such increased costs or reductions is retroactive, then
the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

Section 2.13 Illegality 

Notwithstanding any other provision of this Agreement, (a) if the introduction of or any change in or in the interpretation of any law or
regulation shall make it unlawful, or any central bank or other governmental authority shall assert that it is unlawful, for any Lender, Issuing Bank or any of their respective Affiliates to perform its obligations hereunder or to fund any Loans or
issue or maintain any Letter of Credit (including without limitation any action in accordance with or as contemplated by the EU Bank Recovery and Resolution Directive (2014/59/EU) or any successor thereto) or (b) if as a result of any merger,
consolidation, amalgamation or acquisition by or of the Parent or any Subsidiary with, into or of another Person it is or becomes unlawful due to group or company lending limitations or 

  
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other similar limitations under Israeli law (or rule, regulation or interpretation thereof or any rules, regulations or interpretations of the Bank of Israel) for any Lender, Issuing Bank or any
of their respective Affiliates to perform its obligations hereunder or to fund any Loans or issue or maintain any Letter of Credit (each of clauses (a) and (b), an “Illegality”), then (x) such Lender shall promptly notify
the Parent upon becoming aware of that event and the Commitment of such Lender will be immediately cancelled and (y) each applicable Borrower shall repay the Loans granted to it by such Lender on the last day of the Interest Period for each
Loan occurring after such Lender has notified the Borrower or, if earlier, the date specified by such Lender in the notice delivered to the Borrower (being no earlier than the last day of any applicable grace period permitted by law) and shall use
its best efforts to procure the release of each Letter of Credit issued by such Issuing Bank upon its request (in the case of clause (b) above, only to the extent required to cure such Illegality); provided that if such Illegality is
solely in connection with the making, maintaining or continuing to fund Eurocurrency Loans and can be cured by the provisions in the remainder of this sentence, then, on notice thereof and demand therefor by such Lender to the applicable Borrowers,
(i) (x) in the case of Eurocurrency Loans denominated in Dollars, each such Eurocurrency Loan will automatically, upon such demand, convert into an ABR Loan, and (y) in the case of Eurocurrency Loans denominated in Euro, the
applicable Borrower may, at its discretion, either prepay such Euro-denominated Loan or keep such Euro-denominated Loan outstanding, with the Eurocurrency Rate
applicable thereto be determined as set forth in Section 2.11, and (ii) the obligation of the Lender to make, or to convert Loans into, Eurocurrency Loans shall be suspended, in each case until such Lender has determined that the
circumstances causing such suspension no longer exist. 
 Section 2.14 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 or any mandatory prepayment hereunder), (b) the conversion 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 Revolving Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.08(b) 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 as a result of a request by the Borrower pursuant to Section 2.17, then, in any such event, the applicable Borrower shall compensate each
Lender for the loss, cost and expense (excluding loss of anticipated profits) attributable to such event. A certificate of any Lender setting forth, in reasonable detail showing the computation thereof, any amount or amounts that such Lender is
entitled to receive pursuant to this Section shall be delivered to the Parent and shall be conclusive absent manifest error. The applicable Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after
receipt, if such certificate complies herewith. For the avoidance of doubt, in the event that amounts have been funded by Lenders to the Administrative Agent and there is a failure to borrow the Loan as set forth in
sub-clause (c) above, the Administrative Agent shall return the funds to the Lenders as soon as reasonably practicable. Without affecting the obligations of the Borrowers in this paragraph, if, for any
reason, the Administrative Agent is not able to return funds on the day of cancellation, the Administrative Agent shall not be liable for any costs, fees, or expenses related to the funding of the loan overnight. 

  
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 Section 2.15 Taxes 
  

	 	(a)	 Payments Free of Taxes. Any and all payments by or on account of any obligation of any Loan Party
hereunder or under any other Loan Document shall be made free and clear of and without reduction or withholding for any Indemnified Taxes (including any Other Taxes). If any Loan Party shall be required to deduct any Indemnified Taxes (including any
Other Taxes) from or in respect of any sum payable hereunder or under any other Loan Document, if any, to the Administrative Agent or any Lender or Issuing Bank, (i) the sum payable shall be increased as may be necessary so that after making
all required deductions (including deductions applicable to additional sums payable under this Section 2.15) the Administrative Agent or Lender or Issuing Bank, as the case may be, receives an amount equal to the sum it would have received had
no such deductions been made, (ii) such Loan Party shall make such deductions and (iii) such Loan Party shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. It is understood and
agreed that the provisions of this Section 2.15(a) shall not apply to any amounts that are subject to the increased rate provisions of Section 2.10(f), so long as such increased rates are actually paid to the Administrative Agent, any
Lender or any Issuing Bank pursuant to Section 2.10(f) (and provided there shall be no requirement for a payment of the same amount twice to the extent otherwise compensated or paid or for amounts that would otherwise be excluded under
Section 2.10(f)). 

  

	 	(b)	 Payment of Other Taxes by the Loan Parties. Without limiting the provisions of paragraph (a) above,
each Loan Party shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 

  

	 	(c)	 Indemnification by Loan Parties. The applicable Loan Party shall indemnify the Administrative Agent and
each Lender and Issuing Bank, within 10 days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section)
payable or paid by the Administrative Agent or such Lender or Issuing Bank or required to be withheld or deducted from a payment to the Administrative Agent or such Lender or Issuing Bank, as the case may be, and any penalties, interest and
reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other 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 a Loan Party by a Lender or 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 Issuing Bank, shall be conclusive absent manifest error. It is
understood and agreed that the provisions of this Section 2.15(c) shall not apply to any amount paid to the Administrative Agent, any Lender or any Issuing Bank pursuant to Section 2.10(f) (and provided there shall be no requirement
for a payment of the same amount twice to the extent otherwise compensated or paid or for amounts that would otherwise be excluded under Section 2.10(f)). 

 

	 	(d)	 Indemnification by the Lenders and Issuing Bank. Each Lender and Issuing Bank shall severally indemnify
the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender or Issuing Bank (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such
Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 11.05(d) 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 any Loan Document, and any reasonable expenses arising therefrom or with respect thereto,
whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment 

  
 44 

	 	
or liability delivered to any Lender or Issuing Bank by the Administrative Agent shall be conclusive absent manifest error. Each Lender and Issuing Bank hereby authorizes the Administrative Agent
to set off and apply any and all amounts at any time owing to such Lender under any Loan Document 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)	 Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by
the applicable Loan Party to a Governmental Authority pursuant to this Section 2.15, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such
payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

  

	 	(f)	 Status of Lenders. 

 

	 	(i)	 Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made
under any Loan Document shall deliver to the Borrowers and the Administrative Agent, at the time or times reasonably requested by the Borrowers or the Administrative Agent, such properly completed and executed documentation reasonably requested by
the Borrowers 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 Borrowers or the Administrative Agent, shall deliver
such other documentation prescribed by applicable law or reasonably requested by the Borrowers or the Administrative Agent as will enable the Borrowers 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 paragraphs
(f)(ii)(A), (f)(ii)(B) and (f)(ii)(D) of this Section) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would
materially prejudice the legal or commercial position of such Lender. 

  

	 	(ii)	 Without limiting the generality of the foregoing, in the case of a Borrower that is a US Person,

  

	 	(A)	 any Lender that is a US Person shall deliver to such Borrower and the Administrative Agent on or about the date
on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of such Borrower or the Administrative Agent), executed copies of IRS Form W-9
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 such Borrower and the
Administrative Agent (in such number of copies as shall be requested by the recipient) on or about the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of such
Borrower or the Administrative Agent), whichever of the following is applicable: 

  
 45 

	 	(1)	 in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a
party (x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or IRS Form
W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with
respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E establishing an exemption
from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

  

	 	(2)	 executed copies of IRS Form W-8ECI; 

 

	 	(3)	 in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Code, (x) a certificate substantially in the form of Part A of Exhibit K 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 any Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” related to any Borrower as described in Section 881(c)(3)(C) of the Code (a
“US Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN or IRS
Form W-8BEN-E; or 

  

	 	(4)	 to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, IRS Form
W-8BEN-E, a US Tax Compliance Certificate substantially in the form of Part B or Part C of Exhibit K, IRS
Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such
Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a US Tax Compliance Certificate substantially in the form of Part D of Exhibit K on behalf of each such direct and indirect partner;

  

	 	(C)	 any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrowers and the
Administrative Agent (in such number of copies as shall be requested by the recipient) on or about 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
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 withholding Tax, duly completed, together with such supplementary
documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

  
 46 

	 	(D)	 if a payment made to a Lender under any Loan Document 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 such Borrower and the
Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by such 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 such Borrower or the Administrative Agent as may be necessary for such 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, if any, 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 such Borrower and the Administrative Agent in writing of its legal inability to do so. 

 

	 	(g)	 Treatment of Certain Refunds. If the Administrative Agent, any Issuing Bank or a Lender determines in
its sole discretion that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by a Borrower or with respect to which a Borrower has paid additional amounts pursuant to this Section, it shall promptly after such
determination pay to such Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such
refund), net of all out-of-pocket expenses of the Administrative Agent, such Issuing Bank or such Lender, as the case may be, and without interest (other than any
interest paid by the relevant Governmental Authority with respect to such refund), provided that such Borrower, upon the request of the Administrative Agent, such Issuing Bank or such Lender, agrees to repay the amount paid over to such
Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender or such Issuing Bank in the event the Administrative Agent or such Lender or such Issuing Bank is
later required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (g), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this
paragraph (g) 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 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 the Administrative
Agent, or any Lender or any Issuing Bank to make available its tax returns (or any other information relating to its taxes that it deems confidential) to such Borrower or any other Person. 

 

	 	(h)	 Value Added Tax. 

  
 47 

	 	(i)	 All consideration or other payments or amounts expressed to be payable under a Loan Document by any Loan Party
to a Lender or Administrative Agent shall be deemed to be exclusive of any VAT. If VAT is to be added under applicable law to any consideration or other payments or amounts to be paid by any Loan Party in connection with a Loan Document, that Loan
Party shall pay to the Lender or Issuing Bank or Administrative Agent or the relevant tax authority, as the case may be (in addition to and at the same time as paying the consideration or other payments or amounts), an amount equal to the amount of
the VAT. 

  

	 	(ii)	 Where a Loan Document requires any Loan Party to reimburse a Lender, Issuing Bank or Administrative Agent for
any costs or expenses, that Loan Party shall also at the same time pay and indemnify the Lender, Issuing Bank or the Administrative Agent, as the case may be, against all VAT incurred by the Lender, Issuing Bank or the Administrative Agent, as the
case may be, in respect of the costs or expenses to the extent that the Lender, Issuing Bank or the Administrative Agent, as the case may be, is not entitled to credit or repayment of the VAT. 

 

	 	(iii)	 If any Loan Party shall be required to deduct VAT from or in respect of any sum payable hereunder or under any
other Loan Documents, if any, to the Administrative Agent or any Lender, Issuing Bank, (i) the sum payable shall be increased as may be necessary so that after making all required deductions (including deductions applicable to additional sums
payable under this Section 2.15(h)) the Administrative Agent or such Lender, Issuing Bank receives an amount equal to the sum it would have received had no such deductions been made, (ii) such Loan Party shall make such deductions and
(iii) such Loan Party shall pay the full amount deducted to the relevant Governmental Authority in accordance with the applicable law. 

Section 2.16 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 or
fees, reimbursement obligations in respect of LC Disbursements, or of amounts payable under Sections 2.12, 2.13, 2.14, 2.15 or 11.04 or otherwise) prior to 1:00 p.m., New York City time, on the date when due, in immediately available
funds, without set-off 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 in accordance with account instructions as provided to the Parent from time to time by the Administrative Agent, except payments to be made
directly to any Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.12, 2.13, 2.14, 2.15 or 11.04 shall be made directly to the Persons entitled thereto. Each payment by a Borrower of
interest in respect of the Loans shall be applied to the amounts of such obligations owing to the Lenders pro rata according to the respective amounts borrowed from and then owing to the applicable Lenders. Each payment on account of
principal of the Loans shall be allocated among the Lenders pro rata based on the respective outstanding principal amount of the Loans borrowed from and held by the applicable Lenders. 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; provided that at the Parent’s election in connection with any prepayment of any Revolving Loans pursuant to
Section 2.08, such prepayment shall not, so long as no Default or Event of Default then exists, be applied to any Revolving Loan of a Defaulting Lender. 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 shall be made in dollars, except that
payments of interest and principal on Alternate Currency Loans shall be paid in Euro. 

  
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	 	(b)	 If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all
amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest
and fees then due to such parties, and (ii) second, towards payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 

 

	 	(c)	 If any Lender under any Tranche (including any Issuing Bank) 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 Loans under any Tranche or participations in Swingline Loans, if applicable, resulting in such Lender
receiving payment of a greater proportion of the aggregate amount of its Loans under such Tranche or participations in Swingline Loans, if applicable, and accrued interest thereon, than the proportion received by any other Lender under such Tranche,
then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans under such Tranche and participations in Swingline Loans, if applicable, of other Lenders under such Tranche to the extent
necessary so that the benefit of all such payments shall be shared by the Lenders under such Tranche ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans under such Tranche and participations
in Swingline Loans, if applicable; 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 the Parent or a Borrower pursuant to and in accordance with the express terms of this Agreement
(including without limitation Section 2.17(b)) or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than to the Parent, a Borrower or any
Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). Each of the Parent and 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 this subsection (c) may exercise against the Parent and the Borrowers’ rights of set-off and counterclaim with respect to such participation as fully as if such
Lender were a direct creditor of the Parent and the Borrowers in the amount of such participation. 

  

	 	(d)	 Unless the Administrative Agent shall have received notice from a Borrower prior to the date on which any
payment is due to the Administrative Agent for the account of the Lenders (including any Issuing Bank) hereunder that such Borrower will not make such payment, the Administrative Agent may assume that such Borrower has made such payment on such date
in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such event, if the applicable Borrower has not in fact made such payment, then each of the Lenders under the applicable Tranche severally
agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the
Administrative Agent, at a rate per annum equal to the applicable Overnight Rate from time to time in effectt, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing.

  
 49 

	 	(e)	 If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04, 2.16(d)
or 11.04(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. 

  

	 	(f)	 Notwithstanding anything to the contrary contained herein, the provisions of the preceding Sections 2.16(a) and
(c) shall be subject to the express provisions of this Agreement which require, or permit, differing payments to be made to Non-Defaulting Lenders as opposed to Defaulting Lenders. 

Section 2.17 Mitigation Obligations; Replacement of Lenders 
  

	 	(a)	 If (x) any Lender requests compensation under Section 2.12, or if any Borrower is required to pay any
additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.15 or 2.10(f) (in each case, other than in respect of the original Lenders set forth on Schedule 2.01 as of the Effective
Date and their respective Affiliates and Approved Funds), or (y) any Lender provides notice of the occurrence of an Illegality in accordance with Section 2.13, then such Lender shall 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 2.12 or 2.15, as the case may be, in the future (or eliminate such Illegality in the case of (y) above) and (ii) would not subject such Lender to any unreimbursed cost or expense and would
not otherwise be disadvantageous to such Lender. The Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

 

	 	(b)	 If, in respect of any Tranche: 

 

	 	(i)	 any Lender requests compensation under Section 2.12 or if a 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 2.15 (other than in respect of the original Lenders set forth on Schedule 2.01 as of the Effective Date and their
respective Affiliates and Approved Funds), and, in each case, such Lender has declined or is unable to designate a different Lending Office in accordance with Section 2.17(a), 

 

	 	(ii)	 any Lender becomes a Defaulting Lender, 

 

	 	(iii)	 any Lender fails to approve an amendment, waiver or other modification to this Agreement that requires the
approval of all Lenders and at least the Required Lenders (or the Required Tranche Lenders in the case of a Tranche only vote) have approved such amendment, waiver or other modification, 

 

	 	(iv)	 the Parent requests with respect to any Lender which ceases to qualify as Creditworthy Entity and the Required
Lenders (for this purpose, determined as if the Credit Exposure for the applicable Tranche and unused Commitments of such Lender were zero) consent in writing to such request, or 

  
 50 

	 	(v)	 in the case of a Tranche A Lender, such Lender is a Non-Extending
Lender, 

 then the Parent may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent,
either: 
  

	 	(x)	 require such Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in Section 11.05), all its interests, rights and obligations under this Agreement (or applicable Tranche, if applicable) to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if
a Lender accepts such assignment) (provided that such assigning Lender may require that prior to or concurrent with such assignment or delegation it is reimbursed on all unreimbursed LC Disbursements owned to it as an Issuing Bank and all
outstanding Letters of Credit issued by it as an Issuing Bank are either cancelled and returned or cash collateralised at 105% of the LC Exposure of such Lender in its capacity as Issuing Bank (in respect of Letters of Credit issued by it) on terms
reasonably satisfactory to such Lender (in each case, under such applicable Tranche, if applicable)); or 

  

	 	(y)	 terminate in full the Commitments and other obligations of such Lender hereunder in respect of such applicable
Tranche, if applicable (without providing a replacement Lender thereof) and repay in full to such Lender (through the Administrative Agent) all Loans, unreimbursed LC Disbursements and other outstanding amounts owed to it under the Loan Documents
(in respect of such Tranche, if applicable) and cancel and return to such Lender all outstanding Letters of Credit issued by such Lender or Affiliate thereof in the capacity as an Issuing Bank (under such applicable Tranche, if applicable), if
applicable, (in each case, notwithstanding the pro rata provisions of Section 2.16(c)) and effect a reduction in total aggregate outstanding Commitments of the remaining Lenders under such Tranche (if applicable) by an amount equal to the
terminated Commitment of such Lender, at which point such Lender shall be released from all obligations hereunder (or applicable Tranche, if applicable) (provided that if any Swingline Loans are then outstanding under the relevant Tranche (if
applicable), such termination of Commitments under this clause (y) may only occur if the Swingline Lender in its sole discretion has approved the termination of such Commitments, which approval may in its sole discretion require repayment by a
Borrower of all or a portion of such Swingline Loan (under such Tranche, if applicable) or the provision of cash collateral on terms and in amounts satisfactory to the Swingline Lender) and provided further that if any Letters of Credit issued by
other Issuing Banks are then outstanding (under such Tranche, if applicable) or if at such time there are any unreimbursed LC Disbursements made by other Issuing Banks (under such Tranche, if applicable), such termination of Commitments under this
clause (y) may only occur if each such other Issuing Bank (under such Tranche, if applicable) in its sole discretion has approved thereof (which approval may in its sole discretion require cancellation and termination of all or a portion of
such Letter of Credit (under such Tranche, if applicable) or the provision of cash collateral on terms and in amounts satisfactory to such Issuing Bank) and provided further that such Lender’s rights under Sections 2.12, 2.14, 2.15 and
11.04, and its obligations under Section 11.04(d) shall survive such release and discharge under this clause (y) as to matters occurring prior to such date; provided further, however, that if pursuant to this clause (y), the Borrowers
shall pay to a Lender any principal of, or interest accrued on, the Loans owing 

  
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to such Lender, then the Borrowers shall either (I) confirm to the Administrative Agent that, in the case of clauses (i), (iii) or (iv), no Default or Event of Default under
Section 7.01(a), (b), (g), (h) or (i) has occurred and is then continuing and, in the case of clause (ii), no Default or Event of Default has occurred and is then continuing or (II) pay or cause to be paid a ratable payment of
principal and interest and other amounts to all other Lenders; 

 provided that, in all cases under this
Section 2.17(b), (i) the applicable Borrower shall have received the prior written consent of the Administrative Agent, each Issuing Bank and the Swingline Lender, which consent shall not unreasonably be withheld (except as set forth in
clause (y) above), (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, funded LC Disbursements and participations in Swingline Loans (as applicable), accrued interest thereon,
accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 2.14), from the assignee (if assigned) (to the extent of such outstanding principal and accrued interest and
fees) or the applicable Borrower (in the case of all other amounts and in the case when not so assigned), (iii) in the case of any such assignment or termination resulting from a claim for compensation under Section 2.12 or resulting from
any requirement of the applicable Borrower to pay any additional amount pursuant to Section 2.15, such assignment or termination will result in a reduction in such compensation or payments and (iv) in the case of any such assignment under
Section 2.17(b)(iii), the applicable assignee shall have consented to the applicable amendment, waiver or consent. A Lender shall not be required to make any such assignment and delegation or termination, as the case may be, if, prior thereto,
as a result of a waiver by such Lender or otherwise, the circumstances entitling the applicable Borrower to require such assignment and delegation or termination, as the case may be, cease to apply. 

Section 2.18 Swingline Loans 
  

	 	(a)	 Subject to the terms and conditions set forth herein, each Swingline Lender agrees to make Swingline Loans to
the Borrowers from time to time under the relevant Tranche during the applicable Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline
Loans under any Tranche exceeding the applicable Swingline Sub-limits in respect of such Tranche or (ii) the sum of the total Credit Exposures under any Tranche exceeding the total Revolving Commitments
in respect of such Tranche, provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan, and provided further that (x) Borrowers shall only borrow a Swingline Loan under Tranche B
if at such time there is no availability for Swingline Loans to be provided under Tranche A (or there are otherwise no undrawn Commitments available thereunder) and (y) any Swingline Loans provided under Tranche A will be applied pro rata
among Tranche A1, Tranche A2 and Tranche A3 based on the then current Commitments under such Tranche. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Swingline
Loans. All Swingline Loans shall at all times be ABR Loans and shall be denominated in Dollars. 

  

	 	(b)	 To request a Swingline Loan, the relevant Borrower shall give a Swingline Loan Notice to the Administrative
Agent of such request, not later than 11:00 a.m., New York City time, on the date of the proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date of the proposed Swingline Loan and amount of the requested
Swingline Loan and, if applicable, the Tranche under which such Swingline Loan is being requested. Upon receipt of such notice, the Administrative Agent shall promptly notify the applicable Swingline Lender of the

  
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aggregate amount of such proposed borrowing. Not later than 2:00 p.m., New York City time, on the Borrowing Date specified in such notice the applicable Swingline Lender shall make such
Swingline Loan available to the applicable Borrower in funds immediately available at such account located in the United States as may be directed by such Borrower. Each Borrowing pursuant to this Section 2.18 shall be in a minimum principal
amount of US$10,000,000 and integral multiples of US$5,000,000 above such amount. 

  

	 	(c)	 Each Swingline Lender may by written notice given to the Administrative Agent not later than 12:00 noon, New
York City time, on any Business Day, require the Lenders under the applicable Tranche to acquire participations not later than 11:00 a.m., New York City time on the immediately succeeding Business Day, in all or a portion of the Swingline Loans
outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which such Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each such Lender, specifying in such
notice such Lender’s Applicable Percentage of such Swingline Loan or Swingline Loans. Each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the
Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loan or Swingline Loans. Each 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 or reduction or termination of the Revolving Commitments, and that each such payment shall be made without any offset,
abatement, withholding or reduction whatsoever. Each Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.04 with respect to Revolving Loans
made by such Lender (and Section 2.04 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the applicable Swingline Lender the amounts so received by it from the Lenders.
The Administrative Agent shall notify the relevant Borrower 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 relevant Borrower (or other party on behalf of such Borrower) in respect of a Swingline Loan after receipt by the applicable 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 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 the applicable Swingline Lender or to the Administrative Agent, as applicable,
if and to the extent such payment is required to be refunded to the relevant Borrower for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve any Borrower of any default in the payment thereof.
If any Lender fails to make available to the Administrative Agent for the account of the Swingline Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.18(c) by the time specified in
Section 2.18(c), the Swingline Lender shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on
which such payment is immediately available to the Swingline Lender at a rate per annum equal to the applicable Overnight Rate from time to time in effect, plus any administrative, processing or similar fees customarily charged by the Swingline
Lender in connection with the foregoing. 

  
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	 	(d)	 Notwithstanding anything to the contrary contained in this Section 2.18, no Swingline Lender shall make
any Swingline Loan after it has received written notice from the Parent, any other Loan Party or the Required Tranche Lenders or the Required Lenders stating that a Default or an Event of Default exists and is continuing until such time as such
Swingline Lender shall have received written notice (A) of rescission of all such notices from the party or parties originally delivering such notice or notices or (B) of the waiver of such Default or Event of Default by the Required
Tranche Lenders or the Required Lenders, as the case may be. 

 Section 2.19 Letters of Credit 

 

	 	(a)	 General. Subject to the terms and conditions set forth herein, any Borrower may request any Lender under
any applicable Tranche (in the capacity as an Issuing Bank) to issue Letters of Credit, denominated in either US dollars or Euro, for the account of such Borrower, in a form (together with (i) a LC Request (as defined below) and (ii) any
form of letter of credit application or other customary ancillary documentation relating to any such Letter of Credit (including without limitation all applicable documentation and other information that the Issuing Bank or the Administrative Agent
has requested under Section 11.17 or Section 11.18 in connection therewith in form and substance satisfactory to such Lender Party, acting reasonably)) reasonably acceptable to the Administrative Agent and such Issuing Bank, at any time
and from time to time during the applicable Availability Period. 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 the applicable Borrower to, or entered into by the applicable Borrower with, such Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. Unless otherwise expressly agreed by the Issuing
Bank and the Borrower when a Letter of Credit is issued, to the extent appropriate, the rules of the ISP or UCP, as determined by the applicable Issuing Bank, shall apply to each Letter of Credit. Unless the applicable Issuing Bank and Borrower
agree otherwise, no Letter of Credit shall be in an initial face amount of less than the Dollar Equivalent of US$5,000,000. Letters of Credit are available hereunder in respect of both Tranche A Revolving Commitments and Tranche B Revolving
Commitments, provided that the Borrowers may only request a Letter of Credit under Tranche B if the LC Cap in respect of all Tranche A Lenders under Tranche A has been reached or will be exceeded as a result of the issuance of such Letter of Credit
(or there are otherwise no undrawn commitments available thereunder). 

 No Lender in its capacity as Issuing Bank shall
issue, and no Borrower shall request the issuance of, any Letter of Credit at any time if after giving effect to such issuance (the “LC Cap”) (i) the LC Exposure of such Lender under such Tranche would
exceed the LC Commitment (as defined below) of such Lender under such Tranche, (ii) the Credit Exposure of such Lender under such Tranche in its capacity as Issuing Bank would exceed the relevant Revolving Commitments of such Lender under
such Tranche, (iii) the total aggregate Credit Exposure of all Lenders under such Tranche would exceed the total Revolving Commitments of all Lenders under such Tranche or (iv) the total LC Exposure of all Lenders under such Tranche
would exceed 10% of the Aggregate Commitments under such Tranche. For purposes of this Agreement, the “LC Commitment” means with respect to any Lender under any Tranche at any time, 10.0% or such greater
percentage as may be agreed to in accordance with the immediate subsequent proviso (the “Agreed LC Percentage”) of the Revolving 

  
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Commitment of such Lender under such Tranche, provided that if the Lender and the Parent agree in writing, a copy of which is delivered to the Administrative Agent, such amount may be
increased to up to 100% of its total available Revolving Commitment under such Tranche (as determined by such Lender and the Parent, it being understood that the consent of other Lenders is not required for such Lender to increase such percentage).

  

	 	(b)	 If any Lender in its capacity as Issuing Bank has any LC Exposure, the amount of its (or, in the case of any
Issuing Bank that is the Affiliate of a Lender in accordance with the definition of “Issuing Bank”, the amount of such Lender’s) Revolving Commitment under the applicable Tranche (and accordingly the total aggregate Revolving
Commitments under such Tranche, but not the individual Revolving Commitments of any other Lenders under such Tranche) available for Revolving Loans thereunder shall be deemed utilized by the amount of such LC Exposure at such time (and for the
avoidance of doubt, if and when such LC Exposure is reduced (either as a result of cancellation of a Letter of Credit or due to the receipt of reimbursement for an LC Disbursement) then at such time the amount of such Lender’s Revolving
Commitment under such Tranche equal to such reduced LC Exposure shall be deemed to be no longer utilized). 

  

	 	(c)	 Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a
Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the applicable Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the
applicable Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension but in no event later than the applicable LC Notice Time) (i) a
notice substantially in the form of Exhibit H (or any other form approved by the applicable Issuing Bank) (each an “LC Request”) requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended,
renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (d) of this Section 2.19),
the amount and currency of such Letter of Credit, the applicable Tranche for such Letter of Credit, the name and address of the beneficiary thereof and (ii) such other information as shall be necessary to prepare, amend, renew 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 the applicable Issuing Bank’s standard form in connection with any request for a Letter of Credit. A
Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the applicable Borrower and the Parent shall be deemed to represent and warrant that), after giving
effect to such issuance, amendment, renewal or extension, the LC Cap set forth in paragraph (a) above is not exceeded with respect to such Tranche. The making of each request to issue, amend, renew or extend a Letter of Credit shall be deemed
to be a representation and warranty by the applicable Borrower and the Parent that such Letter of Credit may be issued in accordance with, and will not violate the requirements of, this Section 2.19 and that such issuance, amendment, renewal or
extension does not breach the applicable LC Cap in paragraph (a) above, and that the conditions specified in Section 4.01 or 4.02, as the case may be, are satisfied in full. Notwithstanding anything to the contrary contained above or
elsewhere in this Agreement, in no event shall any Issuing Bank be under any obligation to issue any Letter of Credit if at the time of such issuance (i) any order, judgment or decree of any governmental authority or arbitrator shall purport by
its terms to enjoin or restrain such Issuing Bank from issuing such Letter of Credit or any 

  
 55 

	 	
requirement of law applicable to such Issuing Bank or any request or directive (whether or not having the force of law) from any governmental authority with jurisdiction over such Issuing Bank
shall prohibit, or request that such Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such Issuing Bank with respect to such Letter of Credit any restriction or
reserve or capital requirement (for which such Issuing Bank is not otherwise promptly compensated by the Borrower) not in effect on the date hereof, or any unreimbursed loss, cost or expense which was not applicable, in effect or known to such
Issuing Bank as of the date hereof and which such Issuing Bank reasonably and in good faith deems material to it; or (ii) a condition or representation set forth in this Section 2.19 is not satisfied or is not accurate; (iii) a Lender
Default exists with respect to any Lender, unless such Issuing Bank has entered into arrangements satisfactory to it and the Borrower to eliminate such Issuing Bank’s risk with respect to the Lender which is the subject of the Lender Default,
including by cash collateralizing such Lender’s Applicable Percentage of the LC Exposure under such applicable Tranche or (iv) the issuance of such Letter of Credit would violate one or more policies of such Issuing Bank. If any
Israel based Lender is asked or required to issue a Letter of Credit as an Issuing Bank, to the extent required under Israeli or Bank of Israel law, rule or regulation or interpretation thereof or any internal compliance policy of such Lender, it
shall be entitled to require the applicable Borrower to establish a bank account with such Lender (or an Affiliate thereof) prior to the issuance of such Letter of Credit, on customary terms and conditions, which bank account may at any or all times
have a balance of zero. For the avoidance of doubt, each Issuing Bank shall notify the Administrative Agent of each Letter of Credit issued by it (and each amendment or modification thereof), the applicable Tranche, the Letter of Credit is issued
under and its LC Exposure in respect thereof and the name of the applicable Borrower in respect thereof and each Lender under any Tranche shall be entitled to request from time to time (at reasonable intervals) from the Administrative Agent to be
advised of the total LC Exposure amount under such Tranche at such time. 

  

	 	(d)	 Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier
of (i) the date that is one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that is 30 days prior to the
applicable Maturity Date of the applicable Tranche under which such Letter of Credit was issued. 

  

	 	(e)	 Reimbursement. If the applicable 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 not later than 12:00 noon, New York City time, on (i) the date that such LC Disbursement is
made, if the Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., New York City time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than
12:00 noon, New York City time, on the Business Day that the Borrower receives such notice, if such notice is received prior to 10:00 a.m., New York City time, on the day of receipt, or (ii) the Business Day immediately following the
day that such Borrower receives such notice, if such notice is not received prior to such time on the day of receipt; provided that, if such LC Disbursement is not less than US$500,000, such Borrower may, subject to the conditions to
borrowing set forth herein, request (and, if such Borrower fails to reimburse such LC Disbursement when due, such Borrower shall be deemed to have requested) in accordance with Section 2.18 or Section 2.19 that such
LC Disbursement be repaid to the applicable Issuing Bank with the net proceeds of an ABR Borrowing of Revolving Loans (without 

  
 56 

	 	
giving effect to the last sentence of Section 2.01(a)) or a Swingline Loan (without giving effect to Section 2.18(a)(x)) of the same Tranche as the applicable Letter of Credit 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 Borrowing of Revolving Loans or a Swingline Loan (and the time for reimbursement of
such LC Disbursement shall automatically be extended to the Business Day following such request or deemed request). If such Borrower fails to make such payment when due, the Administrative Agent shall notify each Lender that an Issuing Bank has
made such applicable LC Disbursement, the payment then due from such Borrower in respect thereof and such Lender’s Applicable Percentage thereof (but for purposes of this Section 2.19(e), only up to the amount of such Lender’s
unutilized Revolving Commitment (whether actual or deemed) in respect of such Tranche). For purposes of calculating such Applicable Percentage (but only for purposes of this Section 2.19(e)), the Revolving Commitment under such Tranche of the
Issuing Bank in its capacity as a Lender shall be such amount as its Revolving Commitment under such Tranche would be immediately after giving effect to the full reimbursements contemplated in this Section 2.19(e) in respect of the applicable
Letter of Credit. Promptly following receipt of such notice, each Lender (including the Issuing Bank) shall unconditionally pay to the Administrative Agent its Applicable Percentage (as calculated in the preceding two sentences) of the payment then
due from such Borrower, with each such payment to be made in immediately available funds to the Administrative Agent at its New York office specified in Section 11.1, and the Administrative Agent shall promptly pay to the applicable Issuing
Bank the amounts so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any payment from such Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable
Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and the Issuing Bank as their interests may appear. If any Lender shall not have made its Applicable
Percentage of such LC Disbursement available to the Administrative Agent as provided above, each of such Lender and such Borrower severally agrees to pay interest on such amount, for each day from and including the date such amount is required
to be paid in accordance with the foregoing to but excluding the date such amount is paid, to the Administrative Agent for the account of the applicable Issuing Bank at (i) in the case of such Borrower, the rate per annum set forth in
Section 2.19(h) and (ii) in the case of such Lender, at a rate per annum equal to the applicable Overnight Rate from time to time in effectt, plus any administrative, processing or similar fees customarily charged by the Administrative
Agent and/or the applicable Issuing Bank in connection with the foregoing. All payments made pursuant to this Section 2.19(e) shall be in the Approved Currency in which the LC Disbursement giving rise to such payment is denominated.

  

	 	(f)	 Obligations Absolute. The Borrowers’ several obligations to reimburse LC Disbursements as provided
in paragraph (e) of this Section 2.19 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 the applicable 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, or (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 ISP 98 or any

  
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successor publication of the International Chamber of Commerce) permits a drawing to be made under such Letter of Credit after the stated expiration date thereof or of the 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 2.19, constitute a legal or equitable discharge of, or provide a right of setoff against,
the Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor any Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance, amendment,
renewal, extension 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 or any consequence arising
from causes beyond the control of the applicable Issuing Bank, provided that the foregoing shall not be construed to excuse such 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 any Borrower that are caused by such Issuing Bank’s failure to exercise
care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence, or willful misconduct on the part of the
applicable Issuing Bank (as finally determined by a court of competent jurisdiction in a non-appealable judgement), the applicable 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 that appear on their face to be in substantial compliance with the terms of a Letter of Credit,
the applicable Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make
payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

  

	 	(g)	 Disbursement Procedures. The applicable Issuing Bank shall, promptly 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 notify the Administrative Agent and the applicable Borrower in writing of such demand for payment and whether the
applicable 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 the applicable Issuing Bank
and the Lenders with respect to any such LC Disbursement in accordance with paragraph (e) of this Section 2.19. 

  

	 	(h)	 Interim Interest. If the applicable Issuing Bank shall make any LC Disbursement, then, unless the
applicable Borrower shall reimburse such LC Disbursement in full by 12:00 noon, New York City time 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, at the rate per annum then applicable to ABR Loans for such Tranche, provided that, if the applicable Borrower
fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.19, then Section 2.10(b) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing
Bank, except that interest accrued on 

  
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and after the date of payment by any Lender pursuant to paragraph (e) of this Section 2.19 to reimburse the applicable Issuing Bank shall be for the account of such 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 Borrower reimburses the applicable LC Disbursement in full. 

 

	 	(i)	 Replacement of the Issuing Bank. The applicable Issuing Bank may be replaced at any time by written
agreement among the applicable Borrower, the Administrative Agent, such Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of such Issuing Bank. At the time any such replacement
shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.09(d). From and after the effective date of any such replacement, (i) the successor Issuing Bank
shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to
such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the 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 the 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.

  

	 	(j)	 Cash Collateralization. If any Event of Default shall occur and be continuing, on the Business Day that
the applicable Borrower receives notice from any Issuing Bank with an outstanding Letter of Credit or LC Exposure, the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders whose aggregate
Applicable Percentages of the total LC Exposure represents greater than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph, such Borrower shall deposit in an account with the Administrative Agent, in
the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to 105% of the total LC Exposure as of such date plus any accrued and unpaid interest thereon, provided that the obligation to deposit such cash
collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to a Borrower described in
paragraph (g) or (h) of Section 7.01. Each applicable Borrower also shall deposit cash collateral pursuant to this paragraph as and to the extent required by Section 2.08(a) and (c) and Section 2.20. Each such deposit
shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the applicable Borrower under this Agreement and each such Borrower hereby grant the Administrative Agent a security interest in respect of
each such deposit and the collateral account in which such deposits are held. 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 each applicable Borrower’s 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 be applied by the Administrative Agent to reimburse the applicable Issuing Bank for LC Disbursements attributable to the applicable Borrower for which it has not
been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the applicable Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but
subject to the consent of the Required 

  
 59 

	 	
Lenders (or, if the maturity of the Loans has been accelerated, Lenders whose aggregate Applicable Percentages of the total LC Exposure represents greater than 50% of the total LC Exposure)
unless all Letters of Credit have expired and all LC Disbursement have been repaid in full), be applied to satisfy other obligations of such Borrower under this Agreement (or, in the case of any such account in respect of Letters of Credit or
LC Exposure attributable to the Parent, to satisfy other obligations of any Borrower). If any Borrower is required to provide 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 such Borrower within three Business Days after all Events of Default have been cured or waived. If any Borrower is required to provide an amount of cash collateral hereunder pursuant to Section 2.20,
such amount (to the extent not applied as aforesaid or otherwise required to be applied or held as cash collateral in accordance herewith or with such Section 2.20) shall be returned to such Borrower as promptly as practicable 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 Commitments of the Non-Defaulting Lenders
and/or the remaining cash collateral and no Event of Default shall have occurred and be continuing. 

  

	 	(k)	 LC Exposure Determination. For all purposes of this Agreement, the amount of a Letter of Credit that, by
its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases
(other than any such increase consisting of the reinstatement of an amount previously drawn thereunder and reimbursed), whether or not such maximum stated amount is in effect at the time of determination. 

Section 2.20 Defaulting Lenders 
  

	 	(a)	 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: 

  

	 	(i)	 fees shall cease to accrue on any Commitment of such Defaulting Lender pursuant to Section 2.09(a) for any
period during which that Lender is a Defaulting Lender; 

  

	 	(ii)	 such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to
this Agreement shall be restricted as set forth in the definition of Required Lenders and Section 11.03; and 

  

	 	(iii)	 any amount payable to such Defaulting Lender hereunder (whether on account of principal, interest, fees or
otherwise and including any amount that would otherwise be payable to such Defaulting Lender and whether such payment is voluntary or mandatory, at maturity, pursuant to Article 7 or otherwise) or received by the Administrative Agent from a
Defaulting Lender pursuant to Section 11.09 shall, in lieu of being distributed to or applied or held by such Defaulting Lender, subject to any applicable requirements of law, be applied by the Administrative Agent, in the following order of
priority: 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 each Issuing Bank and
the Swingline Lender hereunder; third, to fund on a pro rata basis any cash collateral to cover fronting exposure contemplated pursuant to this Section 2.20 in respect of Swingline Loans or LC Exposure; fourth, as the Parent

  
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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, to be held in a non-interest bearing deposit account and released in order to
satisfy obligations of such Defaulting Lender to fund Loans under this Agreement; sixth, to the payment of any amounts owing to the Lenders, the Issuing Banks or the Swingline Lender as a result of any judgment of a court of competent
jurisdiction obtained by any of the foregoing against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement (pro rata among all such amounts owed and only to the extent the applicable
Lenders, Issuing Bank and/or Swingline Lender have provided written notice to the Administrative Agent of such judgment (with sufficient evidence thereof) (and written request to apply amounts otherwise payable to such Defaulting Lender in
accordance with this sub-clause) at least 10 Business Days prior to the Administrative Agent having otherwise applied such amounts pursuant to any of the subsequent provisions of this paragraph (or such
shorter time as may be acceptable to the Administrative Agent in its sole discretion)); 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 (only to the extent such Borrower has provided written notice to the
Administrative Agent of such judgment (with sufficient evidence thereof) (and written request to apply amounts otherwise payable to such Defaulting Lender in accordance with this clause) at least 10 Business Days prior to the Administrative Agent
having otherwise applied such amounts pursuant to any of the subsequent provisions of this paragraph (or such shorter time as may be acceptable to the Administrative Agent in its sole discretion)); and eighth, to such Defaulting Lender or as
otherwise directed by a court of competent jurisdiction; provided that if such payment is a payment of the principal amount of any Loans or LC Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share
and such Loans or LC Disbursements were made at a time when the conditions set forth in Sections 4.01 and 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and LC Disbursements owed to all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or LC Disbursements owed to such Defaulting Lender until such time as all Loans are held by the Lenders pro rata in
accordance with the Commitments (or, if the Aggregate Commitments have terminated, as last in effect). 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 pursuant to this paragraph shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

  

	 	(b)	 With respect to any Defaulting Lender, if any Swingline Exposure or LC Exposure exists at the time such Lender
becomes a Defaulting Lender, all or any part of such Swingline Exposure and LC Exposure shall be reallocated among the Lenders under the applicable Tranches that are Non-Defaulting Revolving Credit Lenders in
accordance with their respective Applicable Percentages but only to the extent that (w) the sum of the Credit Exposures of all Non-Defaulting Lenders under such Tranche plus such Defaulting Lender’s
Swingline Exposure and LC Exposure in respect of 

  
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such Tranche does not exceed the aggregate amount of all Non-Defaulting Lenders’ Commitments under such Tranche, (x) immediately following the
reallocation to a Non-Defaulting Lender, the Credit Exposure of such Lender under such Tranche does not exceed its applicable Revolving Commitment in respect of such Tranche, (y) the conditions set forth
in Section 4.02 are satisfied at such time (and, unless the Parent shall have otherwise notified the Administrative Agent at such time, the Borrowers are deemed to have hereby represented and warranted that such conditions are satisfied as of
such time); and (z) no Default exists. Subject to Section 11.25, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a
Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  

	 	(c)	 Without relieving any Defaulting Lender with a Revolving Commitment of any of its obligations hereunder, it is
agreed that, at any time where there is a Defaulting Lender with a Revolving Commitment hereunder, to the extent not fully reallocated in accordance with the reallocation provisions described above, then, upon the request of any Swingline Lender or
any Issuing Bank under such applicable Tranche, as the case may be, the Borrower shall (it being understood that such obligation may be satisfied (to the extent sufficient cash collateral is so funded) with cash collateral posted pursuant to
Section 2.20(a)(iii) (“third”) above from amounts otherwise payable to such Defaulting Lender), both as a condition precedent to issuances of Letters of Credit and extensions of Swingline Loans (in each case, under such Tranche) and
with respect to theretofore outstanding Letters of Credit and Swingline Loans under such Tranche, furnish to the Swingline Lender or such Issuing Bank under such Tranche, as the case may be, cash collateral or similar security satisfactory to the
respective Swingline Lender or Issuing Bank in its sole discretion which is equal (x) in the case of Swingline Loans, to 105% of the percentages of the respective Swingline Loans which would be required to be funded by each of the Defaulting
Lenders with Revolving Commitments under such Tranche upon the conversion of same to Loans hereunder and (y) 105% of the LC Exposure under such Tranche of such Issuing Bank attributable to such Defaulting Lenders. It is understood and
agreed that, notwithstanding anything to the contrary contained herein or in any other Loan Document, all collateral delivered pursuant to this Section 2.20 may be held by the respective Swingline Lender or respective Issuing Bank as security
for amounts required to be funded to it by the relevant Defaulting Lenders, and only after such amounts have been applied for such purposes shall same be available as security for other obligations hereunder. At any time where there is no Default or
Event of Default in existence, if the amounts deposited pursuant to this Section 2.20 exceed the amounts described above with respect to the then outstanding Swingline Loans or Letters of Credit under any applicable Tranche, the respective
amounts shall be returned by the respective Swingline Lender or respective Issuing Bank, as the case may be, to the Borrowers or respective Defaulting Lender, as the case may be. Amounts required to be furnished pursuant to this Section 2.20
may be required by the applicable Swingline Lender or Issuing Bank as a condition precedent to its extension of Swingline Loans or issuance of Letters of Credit under the applicable Tranche, as the case may be, and with respect to any theretofore
extensions of credit, shall be furnished (or caused to be furnished) by the Borrowers within two Business Days after any request by the applicable Swingline Lender or any applicable Issuing Bank. 

 

	 	(d)	 The rights and remedies against a Defaulting Lender under this Section 2.20 are in addition to other
rights and remedies that any Borrower, the Administrative Agent, any Issuing Bank or any Lender may have against such Defaulting Lender. 

  
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	 	(e)	 In the event that the Administrative Agent, each Issuing Bank, each Swingline Lender and the Parent agree that
a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swingline Exposure and Applicable Percentages of the LC Exposure of the Lenders shall be readjusted to reflect the inclusion of such
Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans ratably (in the relevant
Tranche) in accordance with its Commitment (or, if the applicable Aggregate Commitments have terminated, as last in effect) and such Lender shall no longer be a Defaulting Lender; provided that no adjustments will be made retroactively with
respect to fees accrued or payments made by or on behalf of a Borrower while that Lender was a Defaulting Lender; and provided, further, that (i) except to the extent otherwise expressly agreed by the affected parties, no change
hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender and (ii) nothing under this provision shall be understood as a
requirement of any Lender to fund a Defaulting Lender’s portion of any Loan. 

 Section 2.21 Joint and Several Liability of
Borrowers 
  

	 	(a)	 With respect to any Loans incurred by any Borrower, each of the Borrowers is accepting joint and several
liability hereunder in consideration of the financial accommodation to be provided by the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each of the Borrowers and in consideration of the undertakings of each of the
Borrowers to accept joint and several liability for the obligations of each of them under the Loan Documents. Each of the Borrowers, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co
debtor, joint and several liability with each other Borrower with respect to the payment and performance of all the obligations under the Loan Documents (the “Loan Document Obligations”), it being the intention of the parties hereto
that such Loan Document Obligations are the joint and several obligations of each of the Borrowers without preferences or distinction among them. The foregoing shall apply equally to each Additional Borrower to the extent it becomes a Borrower in
accordance with Section 10.01. 

  

	 	(b)	 Notwithstanding anything to the contrary set forth in this clause or any other provisions of this Agreement, it
is the intent of the parties hereto that the liability incurred by the US Borrower in respect of the Loan Document Obligations of each other Borrower not constitute a fraudulent conveyance or fraudulent transfer under the provisions of any
applicable law of any state or other governmental unit (“Fraudulent Conveyance”); consequently, each Borrower, the Administrative Agent and each Lender hereby agrees that if a court of competent jurisdiction determines that the
incurrence of liability by the US Borrower in respect of the Loan Document Obligations of any other Borrower would, but for the application of this sentence, constitute a Fraudulent Conveyance, such liability shall be valid and enforceable only to
the maximum extent that would not cause the same to constitute a Fraudulent Conveyance and this Agreement and the other Loan Documents shall automatically be deemed to have been amended accordingly, nunc pro tunc. 

 

	 	(c)	 If and to the extent that a Swiss Borrower (or a Swiss Loan Party, in the case of subclause (y) below) is
liable under the Loan Documents, including, without limitation, under this Section 2.21 and under Section 11.04 (the “Indemnity”) or under any other provision under any Loan Document for obligations of its Affiliates
(other than its direct or indirect wholly-owned Subsidiaries) and that complying with 

  
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such obligations would constitute a repayment of capital (Einlagerückgewähr) (including by way of a violation of the legally protected reserves (gesetzlich geschützte
Reserven)) or the payment of a (constructive) dividend (Gewinnausschüttung) by a Swiss Borrower (or Swiss Loan Party, as the case may be) (the “Restricted Obligations”), the following shall apply: 

 

	 	(v)	 the aggregate liability of a Swiss Borrower for Restricted Obligations shall from time to time be limited to
the Swiss Available Amount existing at that time; provided that such limitation (as may apply from time to time or not) shall not (generally or definitively) affect the Indemnity granted by a Swiss Borrower in excess thereof, but merely
postpone the time of using such proceeds from enforcement of the Indemnity until such time as application towards discharging the Restricted Obligations is again permitted notwithstanding such limitation. 

 

	 	(w)	 for the purposes of the preceding paragraph (v): 

“Swiss Available Amount” means, with respect to a Swiss Borrower, the maximum amount of a Swiss Borrower’s profits and
reserves available from time to time for distribution as a dividend under applicable Swiss law. The Swiss Available Amount shall from time to time be calculated in accordance with, without limitation, article 675 of the Swiss Code of Obligations and
shall include the equity capital surplus (including any unrestricted portion of legal general reserves, restricted reserves, retained earnings and current net profits) which is freely available (as the case may be after conversion) for distribution
as a dividend to shareholders under Swiss law at the time payment is sought hereunder. 
  

	 	(x)	 immediately after having been requested to perform Restricted Obligations under the Loan Documents, a Swiss
Borrower shall provide the Administrative Agent, as soon as possible, with (a) an interim balance sheet audited by the statutory auditors of a Swiss Borrower, (b) the determination by the statutory auditors of the Swiss Available Amount
based on such interim audited balance sheet (such Swiss Available Amount to reflect, as the case may be, the conversion of restricted reserves into distributable reserves) and (c) a confirmation from the statutory auditors of a Swiss Borrower
that the Swiss Available Amount complies with the terms of this Section 2.21 and with the provisions of Swiss corporate law which are aimed at protecting the share capital and legal reserves. 

 

	 	(y)	 in respect of Restricted Obligations, the applicable Swiss Loan Party shall: 

 

	 	(i)	 if and to the extent required by applicable law in force at the relevant time: 

 

	 	(A)	 subject to any applicable double tax treaties, deduct the Swiss Withholding Tax at the rate of 35% (or such
other rate as in force at that time) from any payment made by it in respect of Restricted Obligations; 

  

	 	(B)	 pay any such deduction to the Swiss Federal Tax Administration; and 

 

	 	(C)	 notify and provide evidence to the Administrative Agent that the Swiss Withholding Tax has been paid to the
Swiss Federal Tax Administration. 

  
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	 	(ii)	 to the extent such deduction is made, not be required to make a gross up, indemnify or otherwise hold harmless
the Loan Parties for the deduction of the Swiss Withholding Tax, notwithstanding anything to the contrary contained in the Loan Documents, unless grossing-up is permitted under the laws of Switzerland then in
force provided that this shall not in any way limit any obligations of any Loan Party (other than a Swiss Borrower) under the Loan Documents. The Parent shall use its reasonable efforts to ensure that any member of the Company, its Affiliates and
group companies which is, as a result of a payment under the Loan Documents, entitled to a full or partial refund of the Swiss Withholding Tax, will, as soon as possible after the deduction of the Swiss Withholding Tax, (A) request a refund of
the Swiss Withholding Tax under any applicable law (including double tax treaties) and (B) pay to the Administrative Agent upon receipt any amount so refunded. 

 

	 	(z)	 the Parent shall procure that any other action is taken as shall be reasonably required by the Administrative
Agent including, without limitation, the passing of any shareholders’ resolutions to approve any payment or other performance of Restricted Obligations under the Loan Documents by a Swiss Borrower (or Swiss Loan Party, as the case may be) and
the receipt of any confirmations from a Swiss Borrower’s (or Swiss Loan Party’s, as the case may be) auditors, which may be required as a matter of Swiss law in force at the time to make a payment or perform other obligations under the
Loan Documents with a minimum of limitations. 

 Section 2.22 Successor LIBOR 

Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines (which
determination shall be conclusive absent manifest error), or the Borrowers or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrowers) that the Borrowers or Required Lenders (as
applicable) have determined, that: 
  

	 	(a)	 adequate and reasonable means do not exist for ascertaining LIBOR for any requested Interest Period, because
the LIBOR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or 

  

	 	(b)	 the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the
Administrative Agent has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made available, or used for determining the interest rate of loans (such specific date, the “Scheduled
Unavailability Date”); or 

  

	 	(c)	 syndicated loans currently being executed, or that include language similar to that contained in this
Section 2.22, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR, 

then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as
applicable, the Administrative Agent and the Borrowers may amend this Agreement to replace LIBOR with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated therein), giving due
consideration to any evolving or then existing convention for determining interest rates for loans for similar syndicated credit facilities (any such proposed rate, a “LIBOR Successor Rate”), together with any proposed LIBOR
Successor Rate Conforming 

  
 65 

 
Changes (as defined below) and any such amendment shall become effective at 5:00 p.m. (New York time) on the fifth Business Day after the Administrative Agent shall have posted such proposed
amendment to all Lenders and the Borrowers unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders do not accept such amendment. Such LIBOR Successor
Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such LIBOR Successor Rate shall be applied in a manner as
otherwise reasonably determined by the Administrative Agent. 
 If no LIBOR Successor Rate has been determined and the circumstances under
clause (a) of this Section 2.22 exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrowers and each Lender. Thereafter, (x) the obligation of the Lenders to
make or maintain Dollar denominated Eurocurrency Loans shall be suspended, (to the extent of the affected Dollar denominated Eurocurrency Loans or Interest Periods), and (y) the Eurocurrency component shall no longer be utilized in determining
the Alternate Base Rate. Upon receipt of such notice, the Borrowers may revoke any pending request for a Borrowing of, conversion to or continuation of Dollar denominated Eurocurrency Loans (to the extent of the affected Dollar denominated
Eurocurrency Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for ABR Loans (subject to the foregoing clause (y)) in the amount specified therein. 

Notwithstanding anything else herein, any definition of LIBOR Successor Rate shall provide that in no event shall such LIBOR Successor Rate be
less than zero for purposes of this Agreement. 
 As used above: 

“LIBOR Screen Rate” means the LIBOR quote on the applicable screen page the Administrative Agent designates to determine LIBOR
(or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time). 

“LIBOR Successor Rate Conforming Changes” means, with respect to any proposed LIBOR Successor Rate, any conforming changes to
the definition of Alternate Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the discretion of the Administrative Agent in consultation
with the Parent, to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that
adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines is
reasonably necessary in connection with the administration of this Agreement). 
 ARTICLE 3 REPRESENTATIONS AND WARRANTIES 

Each Loan Party represents and warrants to the Administrative Agent, each Issuing Bank and the Lenders on each of (except as set forth below)
the Signing Date, the Effective Date and the date of each Credit Extension (in each case, after giving effect to the Transactions) that: 

Section 3.01 Organization; Powers 

It (a) is validly existing and (if applicable) in good standing under the laws of the jurisdiction of its organization, (b) has all
requisite power and authority to carry on its business as now conducted and (c) except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, is qualified to do
business in, and (if applicable) is in good standing in, every jurisdiction where such qualification is required. 

  
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 Section 3.02 Authorization; Enforceability 

The Transactions are within such Loan Party’s powers and have been duly authorized by all necessary corporate and, if required,
shareholder action. This Agreement has been duly executed and delivered by such Loan Party and constitutes a legal, valid and binding obligation thereof, enforceable against it in accordance with its terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. All corporate and shareholder action
required to make each Loan Document to which it is a party admissible in evidence in its jurisdiction of incorporation or organization have been obtained or effected and are in full force and effect. 

Section 3.03 Approvals; No Conflicts 
  

	 	(a)	 No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or
any other third party is required for the due execution, delivery and performance by such Loan Party of any Loan Document to which it is a party, or the consummation of the transactions contemplated thereby, except such as have been obtained or made
and are in full force and effect. 

  

	 	(b)	 The execution, delivery and performance by such Loan Party of the Loan Documents to which it is a party and the
consummation of the transactions contemplated thereby (x) do not contravene (i) such Loan Party’s organizational documents or (ii) any law applicable to such Loan Party, (y) will not violate or result in a default or require
any consent or approval under any indenture, agreement or other instrument binding upon such Loan Party or its property or Subsidiaries, or give rise to a right thereunder to require any payment to be made by such Loan Party, except for violations,
defaults or the creation of such rights that could not reasonably be expected to result in a Material Adverse Effect, and (z) will not result in the creation or imposition of any Encumbrance on any property of such Loan Party, except
Encumbrances expressly permitted by this Agreement. 

 Section 3.04 Financial Condition; No Material Adverse Change 

 

	 	(a)	 The Parent has heretofore furnished to the Lenders the Parent’s consolidated balance sheet and statements
of income, shareholder’s equity and cash flows as of and for the fiscal years ended December 31, 2016, 2017 and 2018, audited by and accompanied by an unqualified opinion of Kesselman & Kesselman, certified public accountants
(Isr.). Such financial statements, and all financial statements delivered pursuant to Section 5.01(a) or (b), (A) have been prepared in accordance with GAAP and (B) present fairly and accurately in all material respects the financial
position and results of operations and cash flows of the businesses of the Parent and its consolidated subsidiaries as of such dates and for such periods in accordance with GAAP, subject to the absence of footnotes in the case of the financial
statements delivered pursuant to Section 5.01(b). 

  

	 	(b)	 Except with respect to any event or circumstance disclosed in the Parent’s SEC Documents (but excluding
any disclosure in the “Risk Factors” or “Forward Looking Statements” (or equivalent) sections of any Parent SEC Document and similar statements included in any Parent SEC Document that are generic or solely forward looking in
nature), on and as of the Effective Date (after giving effect to the Transactions), since December 31, 2018, there has been no event, change, circumstance or occurrence that individually or in the aggregate has had or could reasonably be
expected to result in a Material Adverse Effect. 

  
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	 	(c)	 As of the Signing Date, the Group does not have any outstanding Specified Subordinated Indebtedness.

 Section 3.05 Litigation 

As of the Effective Date, except with respect to any event or circumstance disclosed in the “Commitments and Contingencies –
Contingent Liabilities” note (or similarly titled notes) to the Parent’s SEC Documents, there are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Parent,
threatened against or affecting the Parent or any of its Subsidiaries as to which there is a reasonable possibility of an adverse determination and that would reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect. There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Parent, threatened against or affecting the Parent or any of its Subsidiaries that purport to
adversely affect the legality, validity and enforceability of the Loan Documents. 
 Section 3.06 Environmental Matters 

It is not subject to any judicial, administrative, government, regulatory or arbitration proceeding alleging the violation of any applicable
Environmental Laws, except to the extent that any such proceeding would not reasonably be expected to have a Material Adverse Effect. 

Section 3.07 Disclosure 
 No written
report, financial statement, certificate, Loan Notice, exhibit, schedule or other written document furnished by or on behalf of such Loan Party to the Administrative Agent or any Lender in connection with the negotiation of any Loan Document or
included therein or delivered pursuant thereto, taken as a whole, contained or contains any material misstatement of fact or omitted or omits to state any material fact necessary to make the statements therein, in the light of the circumstances
under which they were or are made, not misleading as of the date such information is dated or certified; provided that to the extent any such written report, financial statement, exhibit, schedule or document was based upon or constitutes a forecast
or projection, each Loan Party represents only that it acted in good faith and utilized reasonable assumptions and due care in the preparation of such written report, financial statement, exhibit, schedule or document. 

Section 3.08 Solvency 
 Such Loan
Party is, and immediately after giving effect to the Transactions (including each Loan and Letter of Credit hereunder) will be, together with its consolidated Subsidiaries, Solvent. 

Section 3.09 ERISA 
 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. 

Section 3.10 Investment Company Status 

Neither such Loan Party nor any of its Subsidiaries is an “investment company” as defined in, or subject to regulation under, the
Investment Company Act of 1940. 

  
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 Section 3.11 Margin Securities 

Such Loan Party is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose of
purchasing or carrying margin stock (within the meaning of Regulations T, U or X of the Board of Governors of the Federal Reserve System of the United States of America), and no part of the proceeds of any Loan will be used to purchase or carry
any margin stock in violation of said Regulations T, U or X or to extend credit to others for the purpose of purchasing or carrying margin stock in violation of said Regulations T, U or X. Not more than 25% of the value of the assets
(either of any Loan Party only or of any Loan Party and its Subsidiaries on a consolidated basis) subject to any limitation on sale, pledge or other restriction under this Agreement or subject to any restriction contained in any agreement or
instrument, between any Loan Party and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of Section 7.01(f) of this Agreement, will be margin stock (within the meaning of Regulations T, U or X of the Board
of Governors of the Federal Reserve System of the United States of America). 
 Section 3.12 Properties 

 

	 	(a)	 Such Loan Party has good title to, or valid leasehold interests in, all of its real and personal property
material to its business, 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 and except, in each case, where failure to have
such title or interest, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

  

	 	(b)	 It owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property
material to its business, and the use thereof by such Person does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect. 

 Section 3.13 Compliance with Laws and Agreements 

Except with respect to any event or circumstance disclosed in the Parent’s SEC Documents (but excluding any disclosure in the “Risk
Factors” or “Forward Looking Statements” (or equivalent) sections of any Parent SEC Document and similar statements included in any Parent SEC Document that are generic or solely forward looking in nature), such Loan Party is in
compliance with all laws, regulations, orders, writs, injunctions and decrees of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except, in each case,
where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

Section 3.14 Sanctions; Anti-Corruption Laws 
  

	 	(a)	 Neither it or any of its Subsidiaries nor, to its knowledge, any of their respective officers, directors,
agents, employees or other persons acting on their behalf: (i) is a Sanctioned Person; (ii) is engaging or has engaged in any business that evades or avoids or has the purpose of evading or avoiding, or breaches or attempts to breach
directly or knowingly, indirectly, any applicable Sanctions; or (iii) conducts or has conducted, directly or knowingly, indirectly, any business or engages in making or receiving any contribution of funds, goods or services to or for the
benefit of any Sanctioned Person except to the extent that such activity or business are lawful under applicable general licence or authorisation. 

  
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	 	(b)	 Other than as disclosed in the deferred prosecution agreement entered into with the US Department of Justice in
December 2016 by the Parent and certain of its Subsidiaries, neither it or any of its Subsidiaries nor, to its knowledge, any of their respective officers, directors, agents, employees or other persons acting on their behalf has taken any action
directly or knowingly, indirectly, that would result in any violation of any applicable Anti-Corruption Laws, Anti-Money Laundering Laws, or Sanctions. 

Section 3.15 FATF 
 Neither it or any
of its Subsidiaries nor, to its knowledge, any of their respective officers, directors, agents, employees or other persons acting on their behalf, is an individual or entity that is located, organised or resident in a FATF Public Statement
Jurisdiction or is owned or controlled by such party. 
 Section 3.16 Taxes 

Such Loan Party has timely filed or caused to be filed all Tax returns and reports required to have been filed and has paid or caused to be
paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by appropriate proceedings and for which such Person has set aside on its books adequate reserves in accordance with 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 3.17 Pari Passu Ranking

 Such Loan Party’s payment obligations under the Loan Documents rank at least pari passu with the claims of all its other
unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally. 
 Section 3.18
Permits, Etc. 
 Except to the extent that any of the following, either individually or in the aggregate, could not reasonably be
expected to have a Material Adverse Effect, (i) such Loan Party has all permits, consents, licenses, authorizations, approvals, entitlements and accreditations required for it lawfully to own, lease, manage or operate, or to acquire each
business owned on the date hereof, leased, managed or operated, or to be acquired, by it, and (ii) no condition exists or event has occurred which, in itself or with the giving of notice or lapse of time or both, would result in the suspension,
revocation, impairment, forfeiture or non-renewal of any such permit, consent, license, authorization, approval, entitlement or accreditation, and, to the knowledge of such Loan Party, there is no claim that
any such permit, consent, license, authorization, approval, entitlement or accreditation is not in full force and effect. 
 Section 3.19 Insurance

 All material policies of insurance of any kind or nature owned by or issued to such Loan Party are in full force and effect. 

Section 3.20 No Filing or Stamp Tax 

Under the law of such Loan Party’s jurisdiction of incorporation it is not necessary that the Loan Documents be filed, recorded or
enrolled with any court or other authority in that jurisdiction or that any stamp, registration or similar tax be paid on or in relation to the Loan Documents or the transactions contemplated by the Loan Documents (including the Transactions) (other
than any such stamp, registration or similar tax that has been paid as of the Effective Date, to the extent referenced on Schedule 3.18). 

  
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 Section 3.21 No Loan Parties are EEA Financial Institutions 

It is not an EEA Financial Institution. 

ARTICLE 4 CONDITIONS 
 Section 4.01 Effective Date

 The obligations of the Lenders to make Loans and of the Issuing Bank to issue Letters of Credit on the Effective Date shall be subject
solely to the prior or concurrent satisfaction or waiver of the conditions precedent set forth in this Section 4.01 (each of which (other than Sections 4.01(d), (f), (l), (m) and (o)) (the conditions in this Section 4.01 (other than
Sections 4.01(d), (f), (l), (m) and (o)) being referred to as the “Signing Date Conditions”) shall occur on the Signing Date, it being agreed that the execution of this Agreement by the Lenders shall constitute confirmation that the
foregoing Signing Date Conditions have been met): 
  

	 	(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 satisfactory to the Administrative Agent (which may include fax or email pdf transmission of a signed signature page of this Agreement) that such party has
signed a counterpart of this Agreement on the Signing Date. 

  

	 	(b)	 The Administrative Agent shall have received written opinions (addressed to the Administrative Agent and the
Lenders and dated the Signing Date of (i) Kirkland & Ellis LLP, US counsel for the Parent and the Borrowers, (ii) (x) Tulchinsky Stern Marciano Cohen Levitski & Co., Israeli counsel to the Parent, and (y) Herzog, Fox
and Neeman, Israeli counsel to the Administrative Agent (with respect to certain Israeli tax matters), and (iii) Van Doorne N.V., Dutch counsel for the Parent and the Borrowers, with respect to this Agreement, each in usual and customary form.

  

	 	(c)	 The Administrative Agent shall have received such documents and certificates as the Administrative Agent may
reasonably request relating to (i) the organization and existence of each Loan Party, with respect to the Dutch Borrowers, a copy of the deed of incorporation (oprichtingsakte), the current articles of association (statuten) and a
recent and up-to-date excerpt from the trade register of the Chamber of Commerce (handelsregister van de Kamer van Koophandel), and (ii) the authorization of
any relevant Transactions and any other legal matters relating to each Loan Party, and this Agreement, each in usual and customary form. 

  

	 	(d)	 The Administrative Agent shall have received each promissory note requested by a Lender pursuant to
Section 2.07(e) at least 5 Business Days prior to the Signing Date, each duly completed and executed by the Borrower. 

  

	 	(e)	 The Administrative Agent shall have received a certificate of the Secretary or Assistant Secretary or the
managing board of each Borrower certifying the names and true signatures of the officers of each Borrower authorized to sign this Agreement and the other documents to be delivered hereunder. 

 

	 	(f)	 The Administrative Agent shall have received a certificate, dated the Effective Date and signed by the Chief
Financial Officer of the Parent, confirming compliance with the conditions set forth in this Section 4.01. 

  

	 	(g)	 The original Lenders and the Administrative Agent shall have received (i) evidence that the Fee Letter
have been signed by each party thereto and (ii) all fees and other amounts due and payable under any Loan Document on or prior to (or substantially concurrently with) the Signing Date or Effective Date, including, to the extent invoiced at
least 3 Business Days prior to the Signing Date, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Parent hereunder or
under any other Loan Document as of the Signing Date. 

  
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	 	(h)	 The Lenders and the Administrative Agent shall have received 3 Business Days prior to the Signing Date
(i) documentation and information satisfactory to them, as required by bank regulatory authorities under applicable “know your customer” and Anti-Money Laundering Laws, including the U.S.
Patriot Act and OFAC and other applicable Sanctions regulations, and (ii) to the extent any Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification.

  

	 	(i)	 The Administrative Agent shall have received evidence of the Process Agent (as defined in
Section 11.10(d)) appointment and acceptance thereof, provided that the Process Agent’s signature to this Agreement shall satisfy this clause (i). 

  

	 	(j)	 [Reserved] 

  

	 	(k)	 [Reserved] 

  

	 	(l)	 No Change of Control or Illegality shall have occurred. 

 

	 	(m)	 The Lenders shall have received a certificate from the Chief Financial Officer of the Parent as to the solvency
of the Parent and Borrowers as of the Effective Date in the form of Exhibit G. 

  

	 	(n)	 [Reserved] 

  

	 	(o)	 The Administrative Agent shall have received evidence of notices of cancellation and termination of the
Existing Revolving Credit Facility and repayments of all amounts outstanding thereunder, if any, and termination of any outstanding letters of credit issued thereunder, if any (or evidence of other backstop arrangements with respect to such letters
of credit reasonably satisfactory to the Administrative Agent). 

  

	 	(p)	 With respect to each Dutch Borrower, a copy of a resolution of the board of directors of such Dutch Borrower
and a copy of the resolution of the general meeting of such Dutch Borrower: 

  

	 	(i)	 approving the terms of, and the transactions contemplated by, the Loan Documents to which it is a party and
resolving that it executes the Loan Documents to which it is a party; 

  

	 	(ii)	 authorizing a specified person or persons to execute the Loan Documents to which it is a party on its behalf;
and 

  

	 	(iii)	 including a confirmation that none of a works council (ondernemingsraad), central works council
(centrale ondernemingsraad) or group works council (groepsondernemingsraad) has been established and that such Dutch Borrower is not required or requested to establish a works council which has any authority with respect to such Dutch
Borrower. 

 Section 4.02 Each Credit Event 

The obligation of each Lender and each Issuing Bank to make any Credit Extension to any Borrower (including the initial Credit Extension) is
subject to the satisfaction of the following conditions with respect to said Borrower and the Parent: 
  

	 	(a)	 No Default or Event of Default shall have occurred and be continuing on such date nor will result from the
making of such Credit Extension. 

  
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	 	(b)	 Each of the representations and warranties made by any Loan Party set forth in Article 3 hereof or in any other
Loan Document shall be true and correct on and as of the date of such Credit Extension with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which
case they shall be true and correct as of such earlier date. 

  

	 	(c)	 In the case of a Loan, the applicable Borrower shall have delivered a Loan Notice in accordance with
Section 2.03. 

 For purposes of determining compliance with the conditions specified in this Section 4.01 and
4.02, each Lender and Issuing Bank shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to each Lender
and Issuing Bank unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender or Issuing Bank prior to the Effective Date or applicable Credit Extension
date specifying its objection thereto and such Lender or Issuing Bank shall not have made available to the Administrative Agent such Lender’s ratable portion of the Loans or other Credit Extension. 

Each Loan Notice, LC Request and acceptance by a Borrower of the proceeds from such Credit Extension shall be deemed to constitute a
representation and warranty by the relevant Borrower as to the matters specified in paragraphs (a) and (b) of this Section as of the date of the applicable Credit Extension. 

ARTICLE 5 AFFIRMATIVE COVENANTS 
 Until
the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees, expenses and other amounts payable hereunder shall have been paid in full and no Letter of Credit remains outstanding the Loan Parties
covenant and agree with the Administrative Agent, the Issuing Banks and the Lenders that: 
 Section 5.01 Financial Statements and Other Information

 The Parent will furnish, or cause to be furnished, to the Administrative Agent: 

 

	 	(a)	 within 90 days after the end of each fiscal year of the Parent, the Parent’s audited consolidated balance
sheet and related statements of income, shareholders’ equity and cash flows of the Parent and its consolidated Subsidiaries as of the end of and for such year of the Parent, setting forth in each case in comparative form the figures for the
previous fiscal year, all reported on by the Parent’s independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the
scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of the Parent and its consolidated Subsidiaries on a consolidated basis in
accordance with GAAP consistently applied; 

  

	 	(b)	 within 60 days after the end of each of the first three fiscal quarters of each fiscal year of the Parent, the
Parent’s consolidated balance sheet and related statements of income, shareholders’ equity and cash flows of the Parent and its consolidated Subsidiaries as of the end of and for such fiscal quarter and the then elapsed portion of the
fiscal year of the Parent, 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 a Financial Officer
of the Parent as presenting fairly in all material respects the financial condition and results of operations and cash flows of the Parent and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied,
subject to normal year-end audit adjustments; 

  
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	 	(c)	 concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate of a
Financial Officer of the Parent substantially in the form of Exhibit D, (i) certifying as to whether a Default or Event of Default or, to the knowledge of the Parent, any investigation, circumstance, development or other matter that has
resulted in, or could reasonably be expected to result in, a Material Adverse Effect has occurred and, if such a Default, Event of Default, investigation, circumstance, development or other matter has occurred, specifying the details thereof and the
action taken or proposed to be taken with respect thereto, (ii) setting forth in reasonable detail calculations demonstrating compliance with Section 6.04 (including, without limitation, a calculation of the Group’s then current
outstanding Specified Subordinated Indebtedness and the relevant Specified Equity Percentage in respect thereof, including supporting evidence of the applicable Agency’s treatment in respect thereof, as well as any announcements by any Agency
in respect to any change in the interpretation of such rating standards and criteria occurring or becoming effective after the date of issuance of such Indebtedness) and (iii) stating whether any change in the application of GAAP has occurred
since the date of the fiscal year 2018 audited financial statements referred to in Section 3.04 and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate;

  

	 	(d)	 promptly after the same become publicly available, copies of all periodic and other reports, proxy statements
and other materials filed by the Parent or any of its Subsidiaries with the SEC, or any Governmental Authority succeeding to any or all of the functions of said SEC, or with any national or foreign securities exchange, or distributed by the Parent
to its equity holders generally, as the case may be; provided, however, that the Parent shall not be required to deliver to the Administrative Agent (and shall be deemed to have furnished to the Administrative Agent) such financial statement
or other materials referred to in sub-clauses (a) or (b) or any other report, proxy statement and other materials if such financial statement, report, proxy statement and any other material is posted on
the SEC’s website at www.sec.gov or on the Parent’s website at www.tevapharm.com (provided that in the case of financial statements referred to in (a) and/or (b) above, the Parent provides written notice to the Administrative
Agent that the same has been posted on such website); and 

  

	 	(e)	 promptly following any request therefor, such other information regarding the operations, business affairs and
financial condition of any Borrower, that may reasonably affect any such Borrower’s compliance with the terms of this Agreement, as the Administrative Agent or any Lender may reasonably request, provided, however, that the Parent shall
not be required to deliver such information to the extent such information is posted on the SEC’s website at www.sec.gov or on the Parent’s website at www.tevapharm.com (provided that if so requested, the Parent advises such Administrative
Agent or Lender where such information can be accessed on such website). 

 Section 5.02 Notices of Material Events 

 

	 	(a)	 The Parent will furnish (or cause to be furnished) to the Administrative Agent prompt written notice of the
occurrence of any Default or Event of Default, which notice shall be provided to the Administrative Agent and each Lender no later than 3 Business Days after any officer of such Person becomes aware or should have become aware of the same,
specifying the details thereof and any action taken or proposed to be taken with respect thereto. Each notice delivered under this Section shall be accompanied by a statement of a Responsible Officer of the Parent setting forth the details of the
Default or Event of Default requiring such notice and any action taken or proposed to be taken with respect thereto. 

  
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	 	(b)	 The Parent will furnish (or cause to be furnished) to the Administrative Agent prompt written notice of the
occurrence of any change of its Rating (but not with regard to outlook only), which notice shall be provided to the Administrative Agent and each Lender no later than 3 Business Days after any officer of such Person becomes aware or should have
become aware of the same. 

 Section 5.03 Existence; Conduct of Business 

Each Loan Party will, and will cause each of its Subsidiaries to, do or cause to be done all things necessary to (i) preserve, renew and
keep in full force and effect its existence, and (ii) except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, preserve, renew and keep in full force and
effect its rights and privileges and the rights, licenses, permits, approvals, privileges and franchises applicable to the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or
dissolution expressly permitted under Section 6.01. 
 Section 5.04 Payment of Taxes 

Each Loan Party will, and will cause each of its Subsidiaries to, pay its Tax liabilities, that, if not paid, could 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 Loan Party 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 could not reasonably be expected to result in a Material Adverse Effect. 

Section 5.05 Maintenance of Properties; Insurance 

Each Loan Party will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its
business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with responsible, financially sound and reputable insurance companies, insurance with respect to its properties and business. 

Section 5.06 Books and Records; Inspection Rights 

Each Loan Party will keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions
in relation to its business and activities in accordance with GAAP or in accordance with the accounting standards applicable in such entity’s jurisdiction. Each Loan Party will permit any representatives designated by the Administrative Agent
or any Lender, upon reasonable prior notice and subject to signing by such representative of customary confidentiality undertakings, at the Lenders’ expense so long as no Event of Default exists and at the Borrowers’ expense during the
continuance of an Event of Default, to visit and inspect its properties, to examine and make extracts from its books and records relating to financial and other similar matters (other than materials protected by the
attorney-client privilege and materials which such Person may not disclose without violation of any applicable law or a confidentiality obligation binding upon it), and to discuss its affairs, finances and
condition with its directors, officers, employees, accountants or other representatives, all at such reasonable times and as often as reasonably requested. As long as no Default exists, the Lenders and/or the Administrative Agent shall use
reasonable efforts to minimize the disruption of such Person’s business resulting from any such visit or inspection and shall limit any such visits or inspections under this Section 5.06 to once per fiscal year. A representative of the
applicable Loan Party shall be provided a reasonable opportunity to be present at any such visit or inspection, but the actual attendance of any such representative shall not be required. 

  
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 Section 5.07 Compliance with Laws 

Each Loan Party will, and will cause each of its Subsidiaries to, comply with all requirements of law applicable to it or its property, except
where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

Section 5.08 Use of Proceeds 
 The
proceeds of the Loans and Letters of Credit will be used by the Borrowers to refinance the Existing Revolving Credit Facility and for general corporate purposes (which, for the avoidance of doubt, may include, without limitation, acquisitions,
investments and utilization in connection with any potential future U.S. commercial paper program of the Parent and its Subsidiaries, if and when such program is put in place). No part of the proceeds of any Loan or 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 of Governors of the Federal Reserve System of the United States of America, including Regulations T, U and X. 

Section 5.09 Environmental Laws, Etc. 

Each Loan Party will, and will cause each of its Subsidiaries to, comply with all applicable Environmental Laws and governmental authorizations
issued pursuant thereto, the non-compliance with which could reasonably be expected to have a Material Adverse Effect. In the event any Loan Party or any of its Subsidiaries undertakes any remedial action with
respect to any Hazardous Materials, such Loan Party will, and will cause each of its Subsidiaries to, conduct and complete such remedial action in material compliance with all applicable Environmental Laws, and in accordance with the policies,
orders, directions and other requirements of law of all federal, state and local Governmental Authorities except when, and only to the extent that, the liability of the applicable Loan Party and its Subsidiaries for such presence, storage, use,
disposal, transportation or discharge of any Hazardous Materials is being contested in good faith by such Person or such liability could not reasonably be expected to result in a Material Adverse Effect. 

Section 5.10 Ratings 
 The Parent
shall use commercially reasonable efforts to maintain a public rating (but, for the avoidance of doubt, not any particular rating) in respect of its senior unsecured long-term indebtedness for borrowed money
from each of Moody’s and S&P. 
 Section 5.11 Sanctions; Anti-Corruption Laws 

Each Loan Party agrees that it shall, and shall make reasonable efforts to cause each of its Subsidiaries, to comply with the requirements of
all applicable Anti-Corruption Laws, Anti Money Laundering Laws, and Sanctions. 
 ARTICLE 6 NEGATIVE COVENANTS 

Until the 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 no Letter of Credit shall remain outstanding, the Loan Parties covenant and agree with the Administrative Agent, the Issuing Banks and the Lenders that: 

  
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 Section 6.01 Fundamental Changes and Asset Sales 

No Loan Party or Subsidiary will merge into or consolidate or amalgamate with (or engage in any other substantially similar transaction) any
other Person, or permit any other Person to merge into or consolidate or amalgamate with (or engage in any other substantially similar transaction) it, or sell, transfer, lease or otherwise dispose, including any disposition of property to a
Delaware Divided LLC pursuant to a Delaware LLC Division (each, a “disposal” or “disposition”) of (in one transaction or in a series of transactions) any assets (whether now owned or hereafter acquired) to any
Person, or liquidate or dissolve (including, in each case, pursuant to a Delaware LLC Division). Notwithstanding the foregoing the following, shall be permitted: 
  

	 	(i)	 if at the time thereof and immediately after giving effect thereto no Default or Event of Default shall have
occurred and be continuing, any Person may merge, consolidate or amalgamate (or engage in a substantially similar transaction) with any Borrower in a transaction in which the applicable Borrower is the surviving entity (provided that if a
Subsidiary Borrower merges or consolidates with or into the Parent, the Parent is the surviving corporation), 

  

	 	(ii)	 any Subsidiary may merge, consolidate or amalgamate (or engage in a substantially similar transaction) with any
other Person in a transaction in which the surviving entity is a wholly-owned Subsidiary (in the case of a Loan Party, subject to preceding clause (i)), 

 

	 	(iii)	 assets or equity interests of any Subsidiary may be disposed of to any other
wholly-owned Subsidiary or to the Parent or by a Borrower to another Borrower or by a Borrower to a wholly-owned Subsidiary, 

 

	 	(iv)	 the Parent or any Subsidiary may dispose of assets or property to any other Person; provided, that, the
aggregate book or fair market value of all assets disposed (to a Person other than the Parent, a Borrower or any other wholly-owned Subsidiary) under this clause (iv) during any fiscal year of the Parent
shall not exceed 15% of the total consolidated assets of the Parent and its consolidated Subsidiaries, determined in accordance with GAAP, measured as of the last day of the immediately preceding fiscal year for which financial statements have been
or were required to be delivered pursuant to this Agreement, 

  

	 	(v)	 the Parent and its Subsidiaries may dispose of inventory in the ordinary course of business,

  

	 	(vi)	 the Parent and its Subsidiaries may transfer assets in connection with a Financing Arrangement permitted under
Section 6.03, 

  

	 	(vii)	 the Parent or any Subsidiary may lease, as lessor or sublessor, or license, as licensor or sub licensor, real
or personal property (other than any intellectual property) in the ordinary course of business, provided that no such lease or license shall materially interfere with the ordinary course of business of the Parent or any Subsidiary,

  

	 	(viii)	 the Parent or any Subsidiary may liquidate or sell Consolidated Cash and Cash Equivalents,

  

	 	(ix)	 the Parent or any Subsidiary may, in the ordinary course of business, licence or sublicense intellectual
property owned or held by the Parent or such Subsidiary so long as each such license is non-exclusive and in the ordinary course of business, 

  
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	 	(x)	 the Parent or any Subsidiary may dispose of obsolete or worn out property, whether now owned or hereafter
acquired, in the ordinary course of business and may dispose of property no longer used or useful in the conduct of the business of the Parent or any Subsidiary, 

 

	 	(xi)	 the Parent or any Subsidiary may sell Receivable Assets to a Securitization Entity in a Qualified
Securitization Transaction for the fair market value thereof; provided that at no time shall more than US$2,500,000,000 (or its equivalent in another currency or currencies) in fair market value of assets be subject to such Qualified Securitization
Transaction, 

  

	 	(xii)	 any Subsidiary may pay dividends or make any other distribution, 

 

	 	(xiii)	 the Parent may pay cash dividends (or dividends paid in the form of common equity of the Parent) to its
shareholders, to the extent lawful; provided that the Parent shall not pay any cash dividends on its common equity unless the Leverage Ratio, calculated as of the last day of the most recently ended Test Period in accordance with Section 6.04
and on a pro forma basis giving effect to such cash dividend and any other cash dividends made since the end of the last Test Period, does not exceed 4.75x and so long as no Event of Default has occurred and is continuing (or would result therefrom)
(it being understood and agreed that this proviso shall not restrict any dividends to the holders of the Parent’s preferred equity, including the Parent’s mandatory convertible preferred shares, or dividends paid in the form of common
equity of the Parent), and 

  

	 	(xiv)	 any Subsidiary may liquidate or dissolve (with any residual assets being applied in accordance with one of the
other clauses of this Section 6.01). 

 Section 6.02 Fiscal Year and Accounting 

 

	 	(a)	 The Parent shall not change its fiscal year-end to a date other than
December 31 and shall not make or permit any changes in accounting policies or practices which would have an effect on whether or not the Parent is in compliance with Section 6.04, without the consent of the Required Lenders, which consent
shall not be unreasonably withheld or delayed, except: (i) changes that are required or permitted by GAAP, or (ii) changes permitted under sub-paragraph (b) of this Section 6.02.

  

	 	(b)	 If at any time any change in GAAP (including without limitation as a result of the adoption of IFRS) would
affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Parent or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Parent shall negotiate in good faith to amend
such ratio or requirement to preserve the original intent thereof in light of such change in GAAP; provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein
and (ii) the Parent shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of
such ratio or requirement made before and after giving effect to such change in GAAP. 

 Section 6.03 Negative Pledge 

No Loan Party will, nor will any Loan Party permit any of its Subsidiaries to, (x) create or permit to subsist any Encumbrance over all or
any of its present or future revenues or assets or (y) enter into a Financing Arrangement, except for the following (“Permitted Encumbrances”): 

  
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	 	(a)	 Encumbrances imposed by law, including, without limitation, for taxes that are not yet due or, if due, are
being contested in good faith and for which adequate reserves have been established in accordance with GAAP; 

  

	 	(b)	 carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and similar liens
imposed by law arising in the ordinary course of business that do not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Parent or its Subsidiaries and, if securing obligations that
are overdue by more than 90 days, are being contested in good faith and for which adequate reserves have been established in accordance with GAAP; 

  

	 	(c)	 pledges and deposits made in the ordinary course of business in compliance with workers’ compensation,
unemployment insurance and other social security laws or regulations or to obtain letters of credit to post for such purposes; 

  

	 	(d)	 deposits or Encumbrances to secure the performance of bids, trade contracts, leases, statutory obligations,
surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 

  

	 	(e)	 judgment liens in respect of judgments that do not constitute an Event of Default under Section 7.01(j);

  

	 	(f)	 easements, zoning restrictions,
rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do
not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Parent or its Subsidiaries; 

  

	 	(g)	 other liens incidental to the conduct of the business of the Parent or any Subsidiary or the ownership of the
property or assets of the Parent or such Subsidiary that are not in respect of Indebtedness and do not in the aggregate materially detract from the value of such properties or assets or materially impair the use thereof in the operation of the
business of the Parent or such Subsidiary; 

  

	 	(h)	 Encumbrances existing on the date hereof in connection with any Indebtedness outstanding on the date hereof and
disclosed in the public filings of the Parent or on Schedule 6.03 hereof (and any Encumbrance granted as collateral for any refinancing or replacement of such Indebtedness, provided that such Encumbrance secures a principal amount of
Indebtedness not in excess of the amount so disclosed (plus reasonable refinancing costs) and does not encumber any property or assets other than the property or assets to the original Encumbrance as so disclosed or improvements thereon or
replacements thereof); 

  

	 	(i)	 any netting or set-off arrangement entered into by the Parent or any
Subsidiary in the ordinary course of its banking arrangements for the purpose of netting debit and credit balances; 

  

	 	(j)	 any Encumbrance arising out of conditional sale, title retention, consignment or similar arrangements for the
sale of goods entered into by the Parent or any Subsidiary in the ordinary course of business; 

  

	 	(k)	 any Encumbrance securing any hedging obligation of the Parent or any Subsidiary in respect of interest rate,
currency exchange rates or commodity pricing hedging, swaps or similar transactions entered into in the ordinary course of business for bona fide business purposes; 

  
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	 	(l)	 Encumbrances on property of a Person existing at the time such Person is merged into or consolidated with any
Loan Party or any Subsidiary; (provided that such Encumbrances were not created in contemplation of such merger, consolidation or acquisition and do not extend to any assets other than those of the Person so merged into or consolidated with
such Loan Party or Subsidiary or acquired by such Loan Party or Subsidiary) and extensions, replacements and renewals thereof that do not increase the outstanding principal amount thereof that is secured by such Encumbrance as of such date and do
not result in such Encumbrance extending to additional assets (other than improvements thereon or replacements thereof); 

  

	 	(m)	 Encumbrances in favor of customs and revenue authorities arising as a matter of law to secure payment of
customs duties in connection with the importation of goods in the ordinary course of business; 

  

	 	(n)	 purchase money Encumbrances upon or in any real property or equipment acquired by any Loan Party or any
Subsidiary in the ordinary course of business to secure the purchase price of such property or equipment, or Encumbrances existing on such property or equipment at the time of its acquisition (other than any such Encumbrances created in
contemplation of such acquisition that were not incurred to finance the acquisition of such property) or extensions, renewals or replacements of any of the foregoing for the same or a lesser amount, provided, however, that no such
Encumbrances shall extend to or cover any properties of any character other than the real property or equipment being acquired, and no such extension, renewal or replacement shall extend to or cover any property not theretofore subject to the
Encumbrance being extended, renewed or replaced; 

  

	 	(o)	 Encumbrances securing capital lease obligations in respect of property acquired; provided, that no such
Encumbrance shall extend to or cover any assets other than the assets subject to such capitalized leases; 

  

	 	(p)	 any other Encumbrances securing obligations and other Financing Arrangements; provided that the
aggregate amount of obligations and other Financing Arrangements secured in accordance with this subclause (p) shall not exceed US$2,000,000,000 (or its equivalent in another currency or currencies) at any time outstanding;

  

	 	(q)	 any Encumbrance entered into pursuant to any Loan Document; and 

 

	 	(r)	 Encumbrances over any Receivable Assets subject to a Qualified Securitization Transaction; provided that
the aggregate fair market value of all Receivable Assets secured in accordance with this subclause (r) shall not exceed US$2,500,000,000 (or its equivalent in another currency or currencies) at any one time outstanding. 

Section 6.04 Financial Covenants 
  

	 	(a)	 The Parent shall procure that the Leverage Ratio for the period set forth in Column 1 below (calculated as of
the last day of, and for, such period) does not exceed the ratio referred to in Column 2 below: 

  
 80 

			
	 Column 1
	  	 Column 2

	Four-quarter Test Period ending with the quarters below	  	
	Q1 2019	  	No greater than 6.25x
	Q2 2019	  	No greater than 6.25x
	Q3 2019	  	No greater than 6.25x
	Q4 2019	  	No greater than 6.25x
	Q1 2020	  	No greater than 6.00x
	Q2 2020	  	No greater than 6.00x
	Q3 2020	  	No greater than 5.75x
	Q4 2020	  	No greater than 5.75x
	Q1 2021	  	No greater than 5.50x
	Q2 2021	  	No greater than 5.50x
	Q3 2021	  	No greater than 5.00x
	Q4 2021	  	No greater than 5.00x
	Q1 2022	  	No greater than 4.50x
	Q2 2022	  	No greater than 4.50x
	Q3 2022	  	No greater than 4.00x
	Q4 2022	  	No greater than 4.00x
	Q1 2023 and thereafter	  	No greater than 3.50x

  

	 	(b)	 The Parent shall procure that the Interest Cover Ratio for all Test Periods (calculated as of the last day of,
and for, such period) shall not be less than 3.5x. 

  

	 	(c)	 Except as otherwise expressly permitted or otherwise provided for in this Agreement, all the terms used in this
Section 6.04 shall be calculated in accordance with the accounting principles applied in connection with the latest consolidated financial statements of the Parent required to be delivered pursuant to Section 5.01(a) or (b) (subject to
Section 6.02(b)). 

 Section 6.05 Capital Markets Indebtedness 

Unless the Leverage Ratio, calculated as of the last day of the most recently ended Test Period in accordance with Section 6.04 and on a
pro forma basis giving effect to such incurrence and any other such incurrences made since the end of the last Test Period, does not exceed 4.75x, no Loan Party will, nor will any Loan Party permit any of its Subsidiaries to, incur any Capital
Markets Indebtedness, other than: 
  

	 	(a)	 any Indebtedness under this Agreement in an amount not exceeding $2,000,000,000, and any Permitted Refinancing
Indebtedness thereof (and including any Permitted Refinancing Indebtedness of such Permitted Refinancing Indebtedness); 

  
 81 

	 	(b)	 any Capital Markets Indebtedness existing on the Signing Date (excluding any Indebtedness referred to under
clause (a) above) and any Permitted Refinancing Indebtedness thereof (including any Permitted Refinancing Indebtedness of such Permitted Refinancing Indebtedness); and 

 

	 	(c)	 other Capital Markets Indebtedness in an aggregate principal amount at any one time outstanding not to exceed
$1,000,000,000; provided that any Capital Markets Indebtedness incurred pursuant to this clause (c) shall rank pari passu in right of payment with, or be subordinated to, the Loan Party’s payment obligations under this Agreement.

 Section 6.06 Sanctions; Anti-Corruption Laws; Use of Proceeds 

Each Loan Party will not, and will not permit any of its Subsidiaries nor any of their respective officers, directors, agents, employees or
other persons acting on their behalf to directly or indirectly, use, lend, contribute or otherwise make available the proceeds of any Loan or Letter of Credit hereunder (a) (i) to fund or facilitate any activities or business of or with a
Sanctioned Person or any other Person, or in any country or territory, that, at the time of such funding, is the subject of Sanctions; (ii) in any other manner that would result in a violation of any applicable Sanctions by any Person
participating in a Loan or Letter of Credit, whether as Administrative Agent, Arranger Party, Lender, Issuing Bank or otherwise; or (iii) for any purpose which would breach any applicable Sanctions; or (b) in any manner that would result
in any violation of any applicable Anti-Corruption Laws or Anti-Money Laundering Laws or for any purpose which would result in a breach of any applicable Anti-Corruption Laws or Anti-Money Laundering Laws. 

Section 6.07 FATF 
 Each Loan Party
will not, and will not permit any of its Subsidiaries nor any of their respective officers, directors, agents, employees or other persons acting on their behalf, to directly or indirectly, use, lend, contribute or otherwise make available the
proceeds of any Loan or Letter of Credit hereunder to any party to fund any activities or business of or with a FATF Public Statement Jurisdiction, any goods originating from a FATF Public Statement Jurisdiction or any party located, organised or
resident in a FATF Public Statement Jurisdiction or owned or controlled by such party. 
 ARTICLE 7 EVENTS OF DEFAULT 

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

	 	(a)	 default shall be made in the payment of any principal of any Loan or any Reimbursement Obligation 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 except that if such failure to pay is due to an administrative or technical error, then the Loan Parties shall have
three (3) days to cure such failure; 

  

	 	(b)	 default shall be made in the payment of any interest on any Loan or other fee payable under the Loan Documents,
when and as the same shall become due and payable, except that if such failure to pay is due to an administrative delay or technical error, including any delays resulting from compliance with any Loan Party’s internal processes, then the Loan
Parties shall have five (5) days to cure such failure; 

  
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	 	(c)	 any representation or warranty made or deemed made by the Loan Parties in this Agreement or in any other Loan
Document shall prove to have been incorrect in any material respect when made or deemed made, provided that no Event of Default under this paragraph (c) will occur if the failure to comply is capable of remedy and is remedied within
15 days of the Administrative Agent giving notice to a Loan Party or a Loan Party becoming aware of the failure to comply (it being understood that any materially incorrect or misleading information contained in any financial statements
delivered in accordance with this Agreement or referred to in Section 3.04 cannot be so remedied); 

  

	 	(d)	 the Loan Parties shall fail to observe or perform any covenant, condition or agreement contained in
Section 5.03(i) (with respect to Loan Parties), Article 6 or Section 11.17(d)(y)(B); 

  

	 	(e)	 the Loan Parties 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 Article), and such failure shall continue unremedied for a period of 30 days after written notice thereof from the Administrative Agent or a Lender to any Loan Party;

  

	 	(f)	 any Loan Party or Material Subsidiary shall (i) fail to pay any principal of or premium or interest due in
respect of Material Indebtedness when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in
the agreement or instrument relating to such Material Indebtedness; or (ii) default in the observance or performance of any covenant or obligation contained in any agreement of such Material Indebtedness that is a default (in each case, other
than a failure to pay specified in clause (i) of this subsection (f)) and such default shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect thereof is to accelerate the maturity
of such Material Indebtedness or require such Material Indebtedness to be prepaid prior to the stated maturity thereof; 

  

	 	(g)	 an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking
(i) liquidation, reorganization, stay of proceedings, freeze order (“Hakpa’at Halichim”) a commencement of proceedings order (“tsav le-ptichat
halichim”) pursuant to the Israeli Insolvency and Rehabilitation Law, or other relief (including any Dutch Insolvency Event) in respect of any Loan Party or any Material 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 (“Bankruptcy Law”) or (ii) the appointment of a receiver, liquidator, trustee, custodian, sequestrator, conservator,
compulsory manager or similar official for any Loan Party or any Material Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for 30 days or a final, not temporary or
interim, unappealable order or decree approving or ordering any of the foregoing shall be entered; 

  

	 	(h)	 any Loan Party or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any
petition seeking liquidation, reorganization, stay of proceedings, freeze order (“Hakpa’at Halichim”), a commencement of proceedings order (“tsav le-ptichat
halichim”) pursuant to the Israeli Insolvency and Rehabilitation Law, or commencement of protected negotiations (“masa u-matan mugan”) with any of its creditors pursuant to the
Israeli Insolvency and Rehabilitation Law, or other relief (including any Dutch Insolvency Event) under any Bankruptcy Law, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition
described in clause (g) of this Article, (iii) apply for or consent to the appointment of a receiver, liquidator, trustee, custodian, sequestrator, conservator, compulsory manager or similar official for any Loan Party or any Material
Subsidiary or for a substantial part of its assets, (iv) make a general assignment for the benefit of creditors or (v) take any action for the purpose of effecting any of the foregoing; 

  
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	 	(i)	 any Loan Party or any Material Subsidiary shall admit in writing its inability to pay its debts generally;

  

	 	(j)	 one or more judgments for the payment of money in an aggregate uninsured amount equal to or greater than
US$200,000,000 (or its equivalent in other currencies) in excess of the amount of insurance coverage shall be rendered against any Loan Party or any Material Subsidiary or any combination thereof and the same shall remain undischarged for a period
of 45 consecutive days during which execution shall not be effectively stayed, vacated or bonded pending appeal or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of any Loan Party or any such Material
Subsidiary to enforce any such judgment for the payment of money in an aggregate uninsured amount in excess of US$200,000,000 (or its equivalent in other currencies); 

 

	 	(k)	 one or more ERISA Events or similar event with respect to a Non-US Plan
shall have occurred, which individually or in the aggregate results in liability of any Loan Party, any of its subsidiaries, or any of their respective ERISA Affiliates in excess of US$200,000,000 (or its equivalent in other currencies) during the
term hereof; or 

  

	 	(l)	 this Agreement shall at any time and for any reason be declared by a court of competent jurisdiction to be null
and void, or a proceeding shall be commenced by any Loan Party, or by any Governmental Authority, seeking to establish the invalidity or unenforceability thereof (exclusive of questions or interpretation of any provision thereof), or any Loan Party
shall repudiate or deny any portion of its financial obligation under this Agreement; 

 then, and in every such event
(other than an event with respect to a Loan Party described in clause (g) or (h) of this Article), and at any time thereafter during the continuance of such event, the Administrative Agent at the request of the applicable Required Lenders
shall, by notice to the Parent, take any of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, (ii) declare the Loans and Reimbursement
Obligations then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans and the
Reimbursement Obligations so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Loan Parties 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 the Loan Parties; and in case of any event with respect to any Loan Party described in clause (g) or (h) of this Article, the Commitments shall automatically terminate
and the principal of the Loans and the Reimbursement Obligations then outstanding, together with accrued interest thereon and all fees and other obligations of the Loan Parties accrued hereunder, shall automatically become due and payable, without
presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Loan Parties, and (iii) exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan
Documents. 

  
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 ARTICLE 8 THE ADMINISTRATIVE AGENT 

Section 8.01 Appointment and Authority 

Each Lender Party (as defined below) hereby irrevocably appoints Bank of America, N.A., to act on its behalf as the Administrative Agent
hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such
actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent and the Lender Parties, and no Loan Party shall have rights as a third party beneficiary of any of such
provisions. It is understood that the use of the term “agent” herein or in any other Loan Documents (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 of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 

Section 8.02 Administrative Agent Individually 
  

	 	(a)	 The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity
as a Lender Party as any other Lender Party and may exercise the same as though it were not the Administrative Agent and the term “Lender Party” or “Lender Parties” shall, unless otherwise expressly indicated or
unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other
advisory capacity for and generally engage in any kind of business with the Parent or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lender
Parties. 

  

	 	(b)	 Each Lender Party understands that the Person serving as Administrative Agent, acting in its individual
capacity, and its Affiliates (collectively, the “Agent’s Group”) are engaged in a wide range of financial services and businesses (including investment management, financing, securities trading, corporate and
investment banking and research) (such services and businesses are collectively referred to in this Article 8 as “Activities”) and may engage in the Activities with or on behalf of one or more of the Parent or its Affiliates.
Furthermore, the Administrative Agent’s Group may, in undertaking the Activities, engage in trading in financial products or undertake other investment businesses for its own account or on behalf of others (including the Parent and its
Affiliates and including holding, for its own account or on behalf of others, equity, debt and similar positions in the Parent or its respective Affiliates), including trading in or holding long, short or derivative positions in securities, loans or
other financial products of one or more of the Parent or its Affiliates. Each Lender Party understands and agrees that in engaging in the Activities, the Administrative Agent’s Group may receive or otherwise obtain information concerning the
Parent or its Affiliates (including information concerning the ability of the Parent to perform its obligations hereunder and under the other Loan Documents) which information may not be available to any of the Lender Parties that are not members of
the Administrative Agent’s Group. None of the Administrative Agent nor any member of the Administrative Agent’s Group shall have any duty to disclose to any Lender Party or use on behalf of the Lender Parties, and shall not be liable for
the failure to so disclose or use, any information whatsoever about or derived from the Activities or otherwise (including any information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of
the Parent or any Affiliate thereof) or to account for any revenue or profits obtained in connection with the Activities, except that the Administrative Agent shall deliver or otherwise make available to each Lender Party such documents as are
expressly required by any Loan Document to be transmitted by the Administrative Agent to the Lender Parties. 

  
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	 	(c)	 Each Lender Party further understands that there may be situations where members of the Administrative
Agent’s Group or their respective customers (including the Parent and its Affiliates) either now have or may in the future have interests or take actions that may conflict with the interests of any one or more of the Lender Parties (including
the interests of the Lender Parties hereunder and under the other Loan Documents). Each Lender Party agrees that no member of the Administrative Agent’s Group is or shall be required to restrict its activities as a result of the Person serving
as Administrative Agent being a member of the Administrative Agent’s Group, and that each member of the Administrative Agent’s Group may undertake any Activities without further consultation with or notification to any Lender Party. None
of (i) this Agreement nor any other Loan Document, (ii) the receipt by the Administrative Agent’s Group of information (including Information) concerning the Parent or its Affiliates (including information concerning the ability of
the Parent to perform its obligations hereunder and under the other Loan Documents) or (iii) any other matter shall give rise to any fiduciary, equitable or contractual duties (including, without limitation, any duty of trust or confidence)
owing by the Administrative Agent or any member of the Administrative Agent’s Group to any Lender Party including any such duty that would prevent or restrict the Administrative Agent’s Group from acting on behalf of customers (including
the Parent or its Affiliates) or for its own account. 

 Section 8.03 Duties of Administrative Agent; Exculpatory Provisions

  

	 	(a)	 The Administrative Agent’s duties hereunder and under the other Loan Documents are solely ministerial and
administrative in nature and the Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, the Administrative Agent shall
not be subject to any fiduciary or other implied duty, whether or not a Default or Event of Default has occurred or is continuing and shall not have any duty to take any discretionary action or exercise any discretionary powers, but shall be
required to act or refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written direction of the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for
herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent or any of its Affiliates to
liability or that is contrary to any Loan Document or applicable law. 

  

	 	(b)	 The Administrative Agent shall not be liable for any action taken or not taken by it (i) 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 shall be necessary, under the circumstances as provided in
Section 11.03 or Article 7) or (ii) in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default or the event or events that give or may give rise to any
Default unless and until the Borrower or any Lender Party shall have given notice to the Administrative Agent describing such Default and such event or events. The Loan Parties acknowledge that the Administrative Agent shall only be obliged to fund
a Loan if the Administrative Agent receives funds from the Lenders and shall not be obliged to make an equivalent amount available to the Borrower in the event a Lender fails to transfer such funds to the Administrative Agent. The Loan Parties also
acknowledge that the Administrative Agent is not able to guarantee any time for payments. For the avoidance of doubt and to the fullest extent permitted by applicable law, (i) the Administrative Agent shall not be liable to the Loan Parties and
(ii) no Loan Party shall assert, and hereby waives, any claim against the Administrative Agent, in each of cases (i) and (ii), on any theory of liability, for special, indirect, consequential or punitive damages arising out of, in
connection with, the timing of the transfer of proceeds with respect to the Loans hereunder. 

  
 86 

	 	(c)	 Neither the Administrative Agent nor any member of the Administrative Agent’s Group shall be responsible
for or have any duty to ascertain or inquire into (i) any statement, warranty, representation or other information made or supplied in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate,
report or other document delivered hereunder or thereunder or in connection herewith or therewith or the adequacy, accuracy and/or completeness of the information contained therein, (iii) the performance or observance of any of the covenants,
agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument
or document or (v) the satisfaction of any condition set forth in Article 6 or elsewhere herein, other than (but subject to the foregoing clause (ii)) to confirm receipt of items expressly required to be delivered to the
Administrative Agent. 

  

	 	(d)	 Nothing in this Agreement or any other Loan Document shall require the Administrative Agent or any of its
Related Parties to carry out any “know your customer” or other checks in relation to any person on behalf of any Lender Party and each Lender Party confirms to the Administrative Agent that it is solely responsible for any such checks it
is required to carry out and that it may not rely on any statement in relation to such checks made by the Administrative Agent or any of its Related Parties. 

Section 8.04 Reliance by Administrative Agent, Etc. 
  

	 	(a)	 The Administrative Agent, the Issuing Bank and the Lenders shall be entitled to rely and act upon, and shall
not incur any liability for relying or acting upon, any notices (including, without limitation, telephonic or electronic notices, Loan Notices) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any
condition hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction of a Lender Party, the Administrative Agent may presume that such condition is satisfactory to such Lender Party unless an officer of the
Administrative Agent responsible for the transactions contemplated hereby shall have received notice to the contrary from such Lender Party prior to the making of such Loan, and in the case of a Loan, such Lender Party shall not have made available
to the Administrative Agent such Lender Party’s ratable portion of such Loan. The Administrative Agent may consult with legal counsel (who may be counsel for the 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. 

  

	 	(b)	 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 not, for the avoidance of doubt, to or for the benefit of any
Borrower or any other Loan Party, that at least one of the following is and will be true: 

  
 87 

	 	(i)	 such Lender is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments, 

 

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

  

	 	(iii)	 (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the
meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the
Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement.

  

	 	(c)	 In addition, unless sub-clause (i) in the immediately preceding
clause (b) is true with respect to a Lender, 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 its Affiliates, and not, for the avoidance of doubt, to or for the benefit of any Borrower or any other Loan Party, that none of the
Administrative Agent or any of its Affiliates is a fiduciary with respect to the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any
documents related to hereto or thereto). 

 Section 8.05 Delegation of Duties 

The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by
or through any one or more sub agents appointed by the Administrative Agent. The Administrative Agent shall use reasonable care in its selection of any such sub-agent, the standard of such care not to be below
that which it would use for its own affairs and in performing its duties in respect hereof, such sub-agent shall use reasonable care in the performance of such duties, the standard of such care not to be below
that which it would use for its own affairs. The Administrative Agent and any such sub agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. Each such sub agent and the Related
Parties of the Administrative Agent and each such sub agent shall be entitled to the benefits of all provisions of this Article 8 and Section 11.04 (as though such sub agents were the “Administrative Agent” under the Loan Documents)
as if set forth in full herein with respect thereto. 

  
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 Section 8.06 Resignation of Administrative Agent 

The Administrative Agent may at any time give notice of its resignation to the Lender Parties and the Parent (such notice not to be effective
until 30 days have lapsed). Upon receipt of any such notice of resignation, the Required Lenders shall have the right (which, unless an Event of Default under subsection (a), (g) or (h) of Section 7.01 has occurred and is
continuing, shall be with the consent of the Borrower (such consent not to be unreasonably withheld or delayed)), to appoint a successor. For the avoidance of doubt, whether or not a successor Administrative Agent has been appointed, the resignation
of the retiring Administrative Agent shall become effective 30 days after such notice of its resignation was given. If no such 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 (such 30-day period, the “Lender Party Appointment Period”), then the retiring Administrative Agent may on
behalf of the Lender Parties, appoint a successor Administrative Agent, which shall be a commercial bank or a trust company with an office in the United States of America or the United Kingdom, or an affiliate of such a bank or trust company;
provided that if the Administrative Agent shall notify the Parent and the Lender Parties that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and
(1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of any Lender
Party under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (2) all payments, communications and determinations
provided to be made by, to or through the Administrative Agent shall instead be made by or to each applicable Lender Party, directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this
paragraph; provided further that so long as no such successor Administrative Agent shall have accepted such appointment the Parent shall have the right to appoint, at its own cost and expense, a successor Administrative Agent, which successor
Administrative Agent shall be a commercial bank or a trust company with an office in the United States of America or the United Kingdom, and which shall have a combined capital and surplus of at least US$250,000,000 (or foreign currency equivalent
thereof) (an “Interim Administrative Agent”), which Interim Administrative Agent shall serve as Administrative Agent in all respects (with the rights, privileges and obligations thereof, including without limitation the right to
resign (and appoint a successor) as set forth above in this Section 8.06) until such time as the Required Lenders appoint a successor thereto in accordance with the provisions described above in this Section 8.06). Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and (i) the retiring
Administrative Agent shall be discharged from its duties and obligations as Administrative Agent hereunder and under the other Loan Documents and (ii) all payments, communications and determinations provided to be made by, to or through the
Administrative Agent shall instead be made by or to each Lender Party directly, until such time as a successor Administrative Agent or Interim Administrative Agent has been appointed as provided for above in this paragraph. Any such resignation by
the Administrative Agent hereunder shall also constitute its resignation (if applicable) as Swingline Lender, in which case the resigning Administrative Agent (x) shall not be required to make any additional Swingline Loans hereunder and
(y) shall maintain all of its rights as Swingline Lender with respect to any Swingline Loans made by it, prior to the date of such resignation. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such
successor shall succeed to and become vested with all of the rights, 

  
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powers, privileges and duties as Administrative Agent of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and
obligations as Administrative Agent hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this paragraph). The fees payable by the Loan Parties to a successor Administrative Agent shall be the same as
those payable to its predecessor unless otherwise agreed between the Loan Parties and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and
Section 11.04 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 the retiring
Administrative Agent was acting as Administrative Agent. 
 Section 8.07 Non-Reliance on Administrative
Agent and Other Lender Parties 
  

	 	(a)	 Each Lender Party confirms to the Administrative Agent, each other Lender Party and each of their respective
Related Parties that it (i) possesses (individually or through its Related Parties) such knowledge and experience in financial and business matters that it is capable, without reliance on the Administrative Agent, any other Lender Party or any
of their respective Related Parties, of evaluating the merits and risks (including tax, legal, regulatory, credit, accounting and other financial matters) of (x) entering into this Agreement, (y) making Loans and other extensions of credit
hereunder and under the other Loan Documents and (z) taking or not taking actions hereunder and thereunder, (ii) is financially able to bear such risks and (iii) has determined that entering into this Agreement and making Loans and
other extensions of credit hereunder and under the other Loan Documents is suitable and appropriate for it. 

  

	 	(b)	 Each Lender Party acknowledges that (i) it is solely responsible for making its own independent appraisal
and investigation of all risks arising under or in connection with this Agreement and the other Loan Documents, (ii) it has, independently and without reliance upon the Administrative Agent, any other Lender Party or any of their respective
Related Parties, made its own appraisal and investigation of all risks associated with, and its own credit analysis and decision to enter into, this Agreement based on such documents and information as it has deemed appropriate and (iii) it
will, independently and without reliance upon the Administrative Agent, any other Lender Party or any of their respective Related Parties, continue to be solely responsible for making its own appraisal and investigation of all risks arising under or
in connection with, and its own credit analysis and decision to take or not take action under, this Agreement and the other Loan Documents based on such documents and information as it shall from time to time deem appropriate, which may include, in
each case: 

  

	 	(i)	 the financial condition, status and capitalization of the Loan Parties; 

 

	 	(ii)	 the legality, validity, effectiveness, adequacy or enforceability of this Agreement and each other Loan
Document and any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Loan Document; 

  

	 	(iii)	 determining compliance or non-compliance with any condition hereunder
to the making of a Loan and the form and substance of all evidence delivered in connection with establishing the satisfaction of each such condition; and 

  

	 	(iv)	 the adequacy, accuracy and/or completeness of and any information delivered by the Administrative Agent, any
other Lender Party or by any of their respective Related Parties under or in connection with this Agreement or any other Loan Document, the transactions contemplated hereby and thereby or any other agreement, arrangement or document entered into,
made or executed in anticipation of, under or in connection with any Loan Document. 

  
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 Section 8.08 Trust Indenture Act 

In the event that Bank of America, N.A. or any of its Affiliates shall be or become an indenture trustee under the Trust Indenture Act of 1939
(as amended, the “Trust Indenture Act”) in respect of any securities issued or guaranteed by any Loan Party, the parties hereto acknowledge and agree that any payment or property received in satisfaction of or in respect of any
obligation of any Loan Party hereunder or under any other Loan Document by or on behalf of Bank of America, N.A. in its capacity as the Administrative Agent for the benefit of any Lender under any Loan Document (other than Bank of America, N.A. or
an Affiliate of Bank of America, N.A.) and which is applied in accordance with the Loan Documents shall be deemed to be exempt from the requirements of Section 311 of the Trust Indenture Act pursuant to Section 311(b)(3) of the Trust
Indenture Act. 
 Section 8.09 Certain Titles 

Notwithstanding any other provision of this Agreement or any provision of any other Loan Document, each of the Coordinating
Bookrunners & Mandated Lead Arrangers, Bookrunners & Mandated Lead Arrangers and Lead Arrangers is named as such for recognition purposes only, and in its capacity as such shall have no powers, duties, responsibilities or
liabilities with respect to this Agreement or the other Loan Documents or the transactions contemplated hereby and thereby; it being understood and agreed that such Persons shall be entitled to all indemnification and reimbursement rights in favor
of the Administrative Agent as, and to the extent, provided for under Section 11.04. Without limitation of the foregoing, none of the Coordinating Bookrunners & Mandated Lead Arrangers, Bookrunners & Mandated Lead Arrangers
nor Lead Arrangers shall, solely by reason of this Agreement or any other Loan Documents, have any fiduciary relationship in respect of any Lender or any other Person. 

Section 8.10 Administrative Agent May File Proofs of Claim 

In case of the pendency of any proceeding under any Bankruptcy Law or any other judicial proceeding relative to any Loan Party, the
Administrative Agent (irrespective of whether the principal of any Loan 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 and all other obligations hereunder 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 and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due to the Lenders and the Administrative Agent under Sections 2.12, 2.14, 2.15 and 11.04)
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
judicial proceeding is hereby authorized by each Lender 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, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.12, 2.14, 2.15 and
11.04. 

  
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 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 Party any plan of reorganization, arrangement, adjustment or composition affecting any obligations under any Loan Documents or the rights of any Lender Party or to authorize the Administrative
Agent to vote in respect of the claim of any Lender Party in any such proceeding. 
 ARTICLE 9 GUARANTY 

Section 9.01 Guaranty 
 Parent hereby
absolutely, unconditionally and irrevocably guarantees, as a primary obligor and not as a surety, to the Administrative Agent, the Swingline Lender, each Issuing Bank and the Lenders, the punctual payment when due, whether at scheduled maturity or
on any date of a required prepayment or by acceleration, demand or otherwise, of all obligations of each Subsidiary Borrower now or hereafter (including any Swiss Additional Borrower to the extent it becomes a Borrower in accordance with
Section 10.01) existing under this Agreement and the Loan Documents (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the foregoing obligations), whether direct or indirect,
absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such obligations being the “Guaranteed Obligations”), and agrees to pay any and all
expenses (including, without limitation, reasonable fees and expenses of counsel) incurred by the Administrative Agent or any Lender in enforcing any rights under this Agreement. Without limiting the generality of the foregoing, the Guarantor’s
liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any Loan Party to the Administrative Agent or any Lender under or in respect of this Agreement and the Loan Documents but for the fact that
they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving any Loan Party. 

Section 9.02 Guaranty Absolute 

Guarantor guarantees that the Guaranteed Obligations will be paid strictly in accordance with the terms of this Agreement and the Loan
Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Administrative Agent or any Lender with respect thereto. The obligations of Guarantor under or in
respect of this Guaranty are a guarantee of payment, and not of collection, and are independent of the Guaranteed Obligations or any other obligations of any Loan Party under or in respect of this Agreement and the Loan Documents, and a separate
action or actions may be brought and prosecuted against Guarantor to enforce this Guaranty, irrespective of whether any action is brought against any Loan Party or whether any Loan Party is joined in any such action or actions. The liability of
Guarantor under this Guaranty shall be irrevocable, absolute and unconditional irrespective of, and the Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to, any or all of the following: 

 

	 	(a)	 any lack of validity or enforceability of this Agreement, any Loan Document or any agreement or instrument
relating thereto; 

  

	 	(b)	 any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed
Obligations or any other obligations of any Loan Party under or in respect of this Agreement and the Loan Documents, or any other amendment or waiver of or any consent to departure from this Agreement or any Loan Documents, including, without
limitation, any increase in the Guaranteed Obligations resulting from the extension of additional credit to any Loan Party or any of its Subsidiaries or otherwise; 

 

	 	(c)	 any taking, exchange, release or non-perfection of any collateral, or
any taking, release or amendment or waiver of, or consent to departure from, any other guaranty, for all or any of the Guaranteed Obligations; 

  

	 	(d)	 any manner of application of any collateral, or proceeds thereof, to all or any of the Guaranteed Obligations,
or any manner of sale or other disposition of any collateral for all or any of the Guaranteed Obligations or any other obligations of any Loan Party under this Agreement and the Loan Documents or any other assets of any Loan Party or any of its
Subsidiaries; 

  
 92 

	 	(e)	 any change, restructuring or termination of the corporate structure or existence of any Loan Party or any of
its Subsidiaries; 

  

	 	(f)	 any failure of the Administrative Agent or any Lender to disclose to the Guarantor any information relating to
the business, condition (financial or otherwise), operations, performance, properties or prospects of any Loan Party now or hereafter known to the Administrative Agent or such Lender (the Guarantor waiving any duty on the part of the Administrative
Agent and the Lenders to disclose such information); or 

  

	 	(g)	 any other circumstance that might constitute a defense of any Loan Party or the Guarantor.

 This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of
the Guaranteed Obligations is rescinded or must otherwise be returned by the Administrative Agent or any Lender or any other Person upon the insolvency, bankruptcy or reorganization of any Loan Party or otherwise, all as though such payment had not
been made. 
 Section 9.03 Waivers and Acknowledgments 
  

	 	(a)	 Guarantor hereby unconditionally and irrevocably waives promptness, diligence, notice of acceptance,
presentment, demand for performance, notice of non-performance, default, acceleration, protest or dishonor and any other notice with respect to any of the Guaranteed Obligations and this Guaranty and any
requirement that the Administrative Agent or any Lender protect, secure, perfect or insure any Encumbrance or any property subject thereto or exhaust any right or take any action against any Loan Party or any other Person or any collateral.

  

	 	(b)	 Guarantor hereby unconditionally and irrevocably waives any right to revoke this Guaranty and acknowledges that
this Guaranty is continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future. 

  

	 	(c)	 Guarantor hereby unconditionally and irrevocably waives (i) any defense arising by reason of any claim or
defense based upon an election of remedies by the Administrative Agent or any Lender that in any manner impairs, reduces, releases or otherwise adversely affects the subrogation, reimbursement, exoneration, contribution or indemnification rights of
Guarantor or other rights of Guarantor to proceed against any Loan Party or any other Person or any collateral and (ii) any defense based on any right of set-off or counterclaim against or in respect of
the obligations of the Guarantor hereunder. 

  

	 	(d)	 Guarantor hereby unconditionally and irrevocably waives any duty on the part of the Administrative Agent or any
Lender to disclose to the Guarantor any matter, fact or thing relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any Loan Party or any of its Subsidiaries now or hereafter known by the
Administrative Agent or such Lender. 

  
 93 

	 	(e)	 Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing
arrangements contemplated by this Agreement and that the waivers set forth in Section 9.02 and this Section 9.03 are knowingly made in contemplation of such benefits. 

Section 9.04 Subrogation 
 Guarantor
hereby unconditionally and irrevocably agrees not to exercise any rights that it may now have or hereafter acquire against any Loan Party that arise from the existence, payment, performance or enforcement of the Guarantor’s obligations under or
in respect of this Guaranty, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of the Administrative Agent or any Lender against
any Loan Party or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from any Loan Party, directly or indirectly, in cash
or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right, unless and until all of the Guaranteed Obligations shall have been indefeasibly paid in
full in cash and the Commitments shall have expired or been terminated. If any amount shall be paid to the Guarantor in violation of the immediately preceding sentence at any time prior to the payment in full in cash of the Guaranteed Obligations
and all other amounts payable under this Guaranty, such amount shall be received and held in trust for the benefit of the Administrative Agent and the Lenders, shall be segregated from other property and funds of the Parent and shall forthwith be
paid or delivered to the Administrative Agent in the same form as so received (with any necessary endorsement or assignment) to be credited and applied to the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms of this
Agreement and the Notes, or to be held as collateral for any Guaranteed Obligations or other amounts payable under this Guaranty thereafter arising. 

Section 9.05 Subordination 
 The
Guarantor hereby subordinates any and all debts for borrowed money owed to the Guarantor by any Subsidiary Borrower (the “Subordinated Obligations”) to the Guaranteed Obligations to the extent and in the manner hereinafter set forth
in this Section 9.05: 
  

	 	(a)	 Prohibited Payments, Etc. Except during the continuance of any Specified Event of Default (including the
commencement and continuation of any proceeding under any Bankruptcy Law relating to such Subsidiary Borrower), the Parent may receive regularly scheduled payments from any Loan Party on account of the Subordinated Obligations. After the occurrence
and during the continuance of any Specified Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to such Subsidiary Borrower), however, unless the Required Lenders otherwise agree, the
Guarantor shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations. 

  

	 	(b)	 Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy Law relating to such
Subsidiary Borrower, the Guarantor agrees that the Administrative Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a
proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before the Guarantor receives payment of any Subordinated Obligations. 

  
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	 	(c)	 Turn Over. After the occurrence and during the continuance of any Specified Event of Default (including
the commencement and continuation of any proceeding under any Bankruptcy Law relating to such Subsidiary Borrower), the Guarantor shall, if the Administrative Agent so requests, collect, enforce and receive payments on account of the Subordinated
Obligations as trustee for the Administrative Agent and the Lenders and deliver such payments to the Administrative Agent on account of the Guaranteed Obligations (including all Post Petition Interest), together with any necessary endorsements or
other instruments of transfer, but without reducing or affecting in any manner the liability of the Guarantor under the other provisions of this Guaranty. 

  

	 	(d)	 Agent Authorization. After the occurrence and during the continuance of any Specified Event of Default,
the Administrative Agent is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the name of the Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply
any amounts received thereon to the Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require the Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and
(B) to pay any amounts received on such obligations to the Administrative Agent for application to the Guaranteed Obligations (including any and all Post Petition Interest). 

For purposes of this Section 9.05, a “Specified Event of Default” shall mean an event described in clause (a), (g), (h),
(i) or (l) of Section 7.01 of this Agreement. 
 Section 9.06 Continuing Guaranty 

This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the payment in full in cash of the Guaranteed
Obligations and all other amounts payable under this Guaranty, (b) be binding upon the Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Administrative Agent and the Lenders and their
successors, transferees and assigns. 
 ARTICLE 10 ADDITIONAL BORROWERS & LOAN PARTIES AGENT 

Section 10.01 Additional Borrowers 

The Parent may request that any of its wholly-owned Subsidiaries becomes an Additional Borrower. Any such Subsidiary shall become an Additional
Borrower upon the satisfaction of the following conditions: 
  

	 	(a)	 each Lender (acting reasonably) approves the addition of that Subsidiary as an Additional Borrower (it being
understood that a Lender shall be deemed to have acted reasonably in withholding its approval if (i) it is unlawful for such Lender to make Loans under this Agreement to the proposed “Additional Borrower,” (ii) such Lender cannot or
has not determined that it is lawful to do so, (iii) the making of a Loan to the proposed “Additional Borrower” might subject such Lender to adverse tax consequences, (iv) such Lender is required or has determined that it is
prudent to register or file in the jurisdiction of formation or organization of the proposed Additional Borrower and it does not wish to do so or (v) that such Lender is restricted by operational or administrative procedures or other applicable
internal policies from extending credit under this Agreement to Persons in the jurisdiction in which such Subsidiary is located); 

  
 95 

	 	(b)	 the Parent delivers to the Administrative Agent a Borrower Accession Notice and such other documentation and
legal opinions the Administrative Agent shall reasonably request, each in form and substance satisfactory to the Administrative Agent (including (i) “Know your customer” documentation and (ii) to the extent any Borrower qualifies as a
“legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification, each in form and substance satisfactory to each Lender and the Administrative Agent which shall be received at least five Business
Days prior to its succession hereof); 

  

	 	(c)	 no Default or Event of Default is continuing or would result therefrom and each of the representations and
warranties in the Loan Documents shall be true and correct after giving effect thereto as if made on such date (and the Parent has certified the same in writing); and 

 

	 	(d)	 to the extent such Additional Borrower is a Person incorporated in Switzerland and/or is a Swiss tax resident
for Withholding Tax purposes and is subject to the Swiss Guidelines: 

  

	 	(i)	 such Additional Borrower shall constitute a “Swiss Additional Borrower” for all purposes under this
Agreement; and 

  

	 	(ii)	 the provisions of this Agreement as they relate to a Swiss Borrower or Swiss Additional Borrower shall have
been reviewed and approved by counsel of the Administrative Agent at the Parent’s expense, and any corresponding amendments to the Loan Documents resulting from such review may be executed with the approval of the Administrative Agent and the
Parent, each in their sole discretion, without the requirement to obtain the consent of the Required Lenders. 

 Section 10.02
Resignation of a Borrower 
 The Parent may request that a Borrower (other than the Parent) cease to be a Borrower by delivering to the
Administrative Agent a resignation letter in form and substance satisfactory to the Administrative Agent, whereupon, if: 
  

	 	(a)	 no Default is continuing or would result from the acceptance of such resignation letter (and the Parent has
confirmed the same in writing); and 

  

	 	(b)	 any Borrower so being released is under no actual or contingent obligations as a Borrower under any Loan
Documents and has no outstanding Letters of Credit issued on its behalf, 

 such Borrower shall cease to be a Borrower and
shall have no further rights or obligations under the Loan Documents other than those obligations that expressly survive the termination of this Agreement. 

Section 10.03 Loan Parties Agent 

Each of the Loan Parties hereby appoints the Parent to act as its agent for all purposes of this Agreement, the other Loan Documents and all
other documents and electronic platforms entered into in connection herewith and agrees that (a) the Parent may execute such documents and provide such authorizations on behalf of such Loan Parties as the Parent deems appropriate in its sole
discretion and each Loan Party shall be obligated by all of the terms of any such document and/or authorization executed on its behalf, (b) any notice or communication delivered by the Administrative Agent, any Issuing Bank or a Lender to the
Parent shall be deemed delivered to each Loan Party and (c) the Administrative Agent, any Issuing Bank or the Lenders may accept, and be permitted to rely on, any document, authorization, instrument or agreement executed by the Parent on behalf
of each of the Loan Parties 

  
 96 

 ARTICLE 11 MISCELLANEOUS 

Section 11.01 Notices 
  

	 	(a)	 Except in the case of notices and other communications expressly permitted to be given by telephone, all
notices, demands, requests, consents and other communications provided for in this Agreement shall be given in writing, or by any telecommunication device capable of creating a written record (including electronic mail), and addressed to the party
to be notified as follows: 

  

	 	(i)	 if to the Parent: 

 

			
	Teva Pharmaceutical Industries Limited
		
	Attention:	  	Financing Teva; Ilan Kolof
		
	Address:	  	5 Basel Street, Petach Tikva 4951033, Israel
		
	Telephone:	  	+972548885087
		
	Fax:	  	+97239267410
		
	Email:	  	 Financing.Teva@tevapharms.com;

Ilan.kolof@teva.co.il;

	
	if to Teva USA:
	
	Teva Pharmaceuticals USA, Inc.
		
	Attention:	  	Financing Teva; Ilan Kolof; Debi Peterson; Tom Dimitropoulos
		
	Address:	  	1090 Horsham Road, North Wales, Pennsylvania, 19454, United States of America
		
	Telephone:	  	+972548885087; +1-2153507859
		
	Fax:	  	+97239267410
		
	Email:	  	 Financing.Teva@tevapharms.com;

Ilan.kolof@teva.co.il;

Gudjon.Gustafsson02@tevapharma.ch;

Thorarinn.Hjorleifsson@actavis.com; and

	
	 with copies to the Parent, as set out above;
  

if to the Dutch II Borrower:
  

Teva Pharmaceutical Finance Netherlands II B.V.
  

	Attention:	  	Financing Teva; Ilan Kolof; Gudjon Gustafsson; Thorarinn Hjorleifsson
		
	Address:	  	c/o Teva Pharmaceuticals Europe B.V.,
		
		  	Piet Heinkade 107, GM 1019 Amsterdam, The Netherlands

  
 97 

			
	Telephone:	  	+972548885087; +41-552201599; +41-552200938
		
	Fax:	  	+41 55 220 1501
		
	Email:	  	 Financing.Teva@tevapharms.com;

Ilan.kolof@teva.co.il;

Gudjon.Gustafsson02@tevapharma.ch;

Thorarinn.Hjorleifsson@actavis.com; and

	
	if to the Dutch III Borrower:
	
	Teva Pharmaceutical Finance Netherlands III B.V.
		
	Attention:	  	Financing Teva; Ilan Kolof; Gudjon Gustafsson; Thorarinn Hjorleifsson
		
	Address:	  	c/o Teva Pharmaceuticals Europe B.V.,
		
		  	Piet Heinkade 107, GM 1019 Amsterdam,
		
		  	The Netherlands
		
	Telephone:	  	+972548885087; +41-552201599; +41-552200938
		
	Fax:	  	+41 55 220 1501
		
	Email:	  	 Financing.Teva@tevapharms.com;

Ilan.kolof@teva.co.il;

Gudjon.Gustafsson02@tevapharma.ch;

Thorarinn.Hjorleifsson@actavis.com; and

  

	 	(ii)	 if to the Administrative Agent: 

Bank of America, N.A. 
 GATEWAY VILLAGE-900 BUILDING 
 900 W TRADE ST 

CHARLOTTE, NC, 28255-0001 
  

			
	Telephone:	  	+ 1 980 387 2036
		
	Fax:	  	+ 1 704 625 4512
		
	Email:	  	david.tischler@baml.com
		
	Attention:	  	David Tischler

  

	 	(iii)	 if to any other Lender, to it at its address (or fax number) set forth in its Administrative Questionnaire;

 or at such other address as shall be notified in writing (x) in the case of a Borrower, the Administrative Agent,
to the other parties and (y) in the case of all other parties, to the Parent and the Administrative Agent. 

  
 98 

	 	(b)	 All notices, demands, requests, consents and other communications described in clause (a) shall be
effective (i) if delivered by hand, including any overnight courier service, upon personal delivery, (ii) if delivered by registered mail, ten Business Days after being deposited in the mails, (iii) if delivered by posting to an
Approved Electronic Platform, an Internet website or a similar telecommunication device requiring that a user have prior access to such Approved Electronic Platform, website or other device (to the extent permitted by Section 11.02 to be
delivered thereunder), when such notice, demand, request, consent and other communication shall have been made generally available on such Approved Electronic Platform, Internet website or similar device to the class of Person being notified
(regardless of whether any such Person must accomplish, and whether or not any such Person shall have accomplished, any action prior to obtaining access to such items, including registration, disclosure of contact information, compliance with a
standard user agreement or undertaking a duty of confidentiality) and such Person has been notified in respect of such posting that a communication has been posted to the Approved Electronic Platform and (iv) if delivered by electronic mail or
any other telecommunications device, when transmitted to an electronic mail address (or by another means of electronic delivery) as provided in clause (a); provided, however, that notices and communications pursuant to Article 2 or Article 8
shall not be effective until received by the addressee. 

  

	 	(c)	 Notwithstanding clauses (a) and (b) (unless the Administrative Agent requests that the provisions of
clauses (a) and (b) be followed) and any other provision in this Agreement or any other Loan Document providing for the delivery of any Approved Electronic Communication by any other means, the Borrowers shall deliver all Approved
Electronic Communications to the Administrative Agent by properly transmitting such Approved Electronic Communications in an electronic/soft medium in a format acceptable to the Administrative Agent in accordance with Section 11.02. Nothing in
this clause (c) shall prejudice the right of the Administrative Agent or any Lender Party to deliver any Approved Electronic Communication to any Borrower in any manner authorized in this Agreement or to request that any Borrower effect
delivery in such manner. 

 Section 11.02 Posting of Approved Electronic Communications 

The Loan Parties hereby agree that they will provide to the Administrative Agent all Approved Electronic Communications that it is obligated to
furnish to the Administrative Agent pursuant to the Loan Documents, by transmitting such Communications in an electronic/soft medium in a format acceptable to the Administrative Agent to anthony.w.kell@baml.com. In addition, the Borrowers agree to
continue to provide the Approved Electronic Communications to the Administrative Agent in the manner specified in the Loan Documents but only to the extent requested by the Administrative Agent. 

The Loan Parties further agree that the Administrative Agent may make the Approved Electronic Communications available to the Lenders by
posting such Communications on Intralinks, DebtDomain or a substantially similar electronic transmission systems (the “Approved Electronic Platform”). 

THE APPROVED ELECTRONIC PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”. THE ADMINISTRATIVE AGENT PARTIES (AS DEFINED
BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE APPROVED ELECTRONIC COMMUNICATIONS, OR THE ADEQUACY OF THE APPROVED ELECTRONIC PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC PLATFORM. NO
WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF 

  
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 MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE,
NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE ADMINISTRATIVE AGENT PARTIES IN CONNECTION WITH THE APPROVED ELECTRONIC COMMUNICATIONS OR THE APPROVED
ELECTRONIC PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ADVISORS OR REPRESENTATIVES (COLLECTIVELY, “AGENT PARTIES”) HAVE ANY LIABILITY TO
ANY LOAN PARTY, ANY LENDER OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, CLAIMS, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE)
ARISING OUT OF ANY LOAN PARTY’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF APPROVED ELECTRONIC COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY AGENT PARTY IS FOUND IN A FINAL
NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY FROM SUCH AGENT PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 

The Administrative Agent agrees that the receipt of the Approved Electronic Communications by the Administrative Agent at its e-mail address set forth above shall constitute effective delivery of Approved Electronic Communications to the Administrative Agent for purposes of the Loan Documents. Each Lender agrees that notice to it (as
provided in the next sentence) specifying that such Approved Electronic Communications have been posted to the Approved Electronic Platform shall constitute effective delivery of such Communications to such Lender for purposes of the Loan Documents.
Each Lender agrees to notify the Administrative Agent in writing (including by electronic communication) from time to time of such Lender’s e-mail address to which the foregoing notice may be sent by
electronic transmission and that the foregoing notice may be sent to such e-mail address. 
 Nothing
herein shall prejudice the right of the Administrative Agent or any Lender to give any notice or other communication pursuant to any Loan Document in any other manner specified in such Loan Document. 

Section 11.03 Waivers; Amendments 
  

	 	(a)	 No waiver of any provision of this Agreement or consent to any departure by the Borrowers therefrom shall in
any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. 

 

	 	(b)	 Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended
or modified except pursuant to an agreement or agreements in writing entered into by the Parent and the Required Lenders or by the Parent and the Administrative Agent with the consent of the Required Lenders; provided that no such agreement
shall (i) increase or extend the relevant Commitment of any Lender (including for the avoidance of doubt by amending the definition of “Availability Period” or any provision of Section 2.06(a) in a manner that would extend the
period for any Commitments) without the written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon (other than a waiver of additional interest as specified in
Section 2.10(b)), or reduce any fees payable hereunder, without the written consent of each Lender and Issuing Bank affected thereby, (iii) postpone the scheduled date of payment of the principal amount of any Loan or LC Disbursement,

  
 100 

	 	
in each case, under any applicable Tranche, or any interest thereon, or any fees or any other amount payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the
scheduled date of expiration of any Commitment, without the written consent of each Lender affected thereby (other than a Defaulting Lender), (iv) change Section 2.08(a) or Section 2.16(b) or (c) in a manner that would alter the
pro rata sharing of payments required thereby, without the written consent of each Lender affected thereby (other than the replacement of a Lender in accordance with Section 2.17(b)(iv) which may be done with the written consent of the Required
Lenders), (v) change the durations provided for in the definition of “Interest Period” hereunder, without the written consent of each Lender affected thereby (other than a Defaulting Lender), (vi) after the occurrence of a Change of
Control, amend the rights of any or all Lenders or Issuing Banks (in a manner detrimental to such Lender or Issuing Bank) under Section 2.08(c) in respect of such Change of Control (including postponing the date on which amounts thereunder are
payable or reducing the amounts so payable or terminable) (it being understood that prior to the occurrence of such Change of Control, the Required Lenders, the Administrative Agent and the Parent may amend or waive any provision of
Section 2.08(c) or the definition of “Change of Control”), without the written consent of each Lender affected thereby (other than a Defaulting Lender), (vii) release the Parent from the Guaranty, or limit the Parent’s liability
in respect of such Guaranty, without the written consent of each Lender (other than a Defaulting Lender), (viii) change any of the provisions of this Section 11.03 or the definition of “Required Lenders”, “Required Tranche
Lenders” or any other provision hereof specifying the number or percentage of Lenders 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 Tranche, as the case may be)(other than a Defaulting Lender) or (ix) amend any substantive provision of Section 2.12 or 2.13 in a manner adverse to any Lender without the consent of Lenders having Credit Exposures
and unused Commitments, as applicable, representing at least 75% of the sum of the total Credit Exposures and unused Commitments, as applicable, of all Lenders (excluding any Defaulting Lenders Credit Exposures or unused Commitments, as applicable)
at such time (provided that if such amendment, waiver or modification affects any one Tranche in a manner different than any other Tranche in any substantial respect, then such consent shall be required by Lenders (other than a Defaulting Lender)
under each Tranche affected by such amendment, waiver or modification having Credit Exposures or unused Commitments (as applicable) under such Tranche representing at least 75% of the sum of the total Credit Exposures under such Tranche or unused
Commitments (as applicable) under such Tranche of all Lenders (other than a Defaulting Lender) under such Tranche at such time), and the Swingline Lender, if affected thereby, and any Issuing Bank, if affected thereby; provided further,
that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, any Arranger Party, any Issuing Bank or the Swingline Lender hereunder or under any other Loan Document without the prior written
consent of the Administrative Agent, the Arranger Parties, such Issuing Bank or the Swingline Lender, as the case may be. For the avoidance of doubt, Tranche A1, Tranche A2 and Tranche A3 will be considered separate Tranches to the extent any
amendment, waiver or modification affects any one of such Tranches in a manner different than any other of such Tranches in any respect. 

  

	 	(c)	 Notwithstanding the foregoing, any provision of this Agreement may be amended by an agreement in writing
entered into by the Parent, the other Borrowers, the Required Lenders and the Administrative Agent (and, if their rights or obligations are affected thereby, each Issuing Bank and the Swingline Lender) if (i) by the terms of such agreement the
Commitment of each Lender not consenting to the amendment provided for therein shall terminate upon the effectiveness of such amendment and (ii) at the time such amendment becomes effective, each Lender not consenting thereto receives payment
(including pursuant to an assignment to a replacement Lender in accordance with Section 11.05) in full of the principal of and interest accrued on each Loan made by it and all other amounts owing to it or accrued for its account under this
Agreement. 

  
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 Section 11.04 Expenses; Indemnity; Damage Waiver 

 

	 	(a)	 The Loan Parties shall pay (i) all reasonable invoiced out-of-pocket expenses incurred by the Administrative Agent and the Lenders, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent and the Lenders, in connection
with the negotiation of this Agreement, in each case to the extent required by the Engagement Letter, (ii) all reasonable invoiced out-of-pocket expenses incurred
by the Administrative Agent and the Lenders, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent and the Lenders (which shall be limited to one counsel to the Administrative Agent and the Lenders (and one
local counsel as reasonably necessary in each relevant jurisdiction material to the interests of the Lenders taken as a whole), and solely in the case of a conflict of interest, one additional counsel in each relevant jurisdiction that is material
to each group of similarly situated affected persons taken as a whole), in connection with the administration of this Agreement or any amendments, modifications or waivers of the provisions hereof (whether or not the transactions contemplated
thereby shall be consummated) and (iii) all out-of-pocket expenses invoiced to and incurred by the Administrative Agent, any Issuing Bank and/or any Lender,
including the fees, charges and disbursements of any counsel for the Administrative Agent, the Issuing Banks and the Lenders (which shall be limited to one counsel to the Administrative Agent and the Lenders (and one local counsel as reasonably
necessary in each relevant jurisdiction material to the interests of the Lenders taken as a whole), and solely in the case of a conflict of interest, one additional counsel in each relevant jurisdiction that is material to each group of similarly
situated affected persons taken as a whole), in connection with the enforcement or protection of their rights in connection with this Agreement, including its rights under this Section, 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. 

 

	 	(b)	 The Parent and the Borrowers agree, jointly and severally, to the fullest extent permitted by law, to indemnify
and hold harmless each Arranger Party, the Administrative Agent, the Swingline Lender, each Issuing Bank and each Lender and each Related Party of any of the foregoing Persons (the “Indemnified Parties”) from and against any and all
claims, damages, losses, liabilities, costs, penalties, fees and expenses (including reasonable fees and disbursements of counsel but limited in the case of legal fees and expenses to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnified Parties taken as a whole and, if reasonably necessary, one local counsel for all Indemnified Parties taken as a whole in
each relevant jurisdiction that is material to the interests of the Lenders, and solely in the case of a conflict of interest, one additional counsel in each relevant jurisdiction that is material to each group of similarly situated affected
Indemnified Parties) of any kind or nature whatsoever for which any of them may become liable or which may be incurred by or asserted against any of the Indemnified Parties (other than claims and related damages, losses, liabilities, costs,
penalties, fees and expenses made by one Lender (or its successors or assignees) against another Lender (but not, for the avoidance of doubt, against any Arranger Party, the 

  
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Administrative Agent, the Swingline Lender or any Issuing Bank, in each case, in such capacities)) arising out of, related to or in connection with or by reason of (including, without limitation,
in connection with any investigation, litigation or proceeding or preparation of a defense in connection therewith) (i) any Loan Document or any other document or instrument delivered in connection herewith, (ii) any violation by any Loan
Party or any Subsidiary of any Loan Party of any Environmental Law or any other law, rule, regulation or order, (iii) the actual or proposed use of the proceeds of any Loan, or (iv) any transaction in which any proceeds of any Loan are
applied (EXCLUDING ANY SUCH CLAIM, DAMAGE, LOSS, LIABILITY, COST, PENALTY, FEE OR EXPENSE SOUGHT TO BE RECOVERED BY ANY INDEMNIFIED PARTY TO THE EXTENT SUCH CLAIM, DAMAGE, LOSS, LIABILITY, COST, PENALTY, FEE OR EXPENSE HAS BEEN DETERMINED
BY A FINAL NON-APPEALABLE JUDGMENT OF A COURT OF COMPETENT JURISDICTION TO HAVE SOLELY RESULTED BY REASON OF THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH INDEMNIFIED PARTY). IT IS THE INTENT OF
THE PARTIES HERETO THAT EACH INDEMNIFIED PARTY SHALL, TO THE EXTENT PROVIDED IN THIS SECTION 11.04(b), BE INDEMNIFIED FOR ITS OWN ORDINARY, SOLE OR CONTRIBUTORY NEGLIGENCE. In the case of an investigation,
litigation or other proceeding to which the indemnity in this Section 11.04(b) applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, shareholders or
creditors, any Indemnified Party or any other Person, whether or not any Indemnified Party is otherwise a party thereto and whether or not the Transaction is consummated. 

 

	 	(c)	 The Parent agrees with each Indemnified Party that it will, as an independent and primary obligation, indemnify
that Indemnified Party immediately on demand against any cost, loss or liability it incurs (I) if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal where such cost, loss or liability arises as a result of a Loan
Party not paying any amount which would, but for such unenforceability, invalidity or illegality have been payable by it under any Loan Document on the date when it would have been due, or (II) if as a result (directly or indirectly) of the
introduction of or any change in (or the interpretation, administration or application of) any law or regulation, or compliance with any law, regulation or administrative procedure made after entry into this Agreement (a “Law
Change”), there is a change in the currency, the value of the currency or the timing, place or manner in which any obligation guaranteed by the Parent is payable. The amount payable by the Parent under this indemnity (i) in respect
of clause (I) above, shall be the amount it would have had to pay under this Agreement if the amount claimed had been recoverable on the basis of a guarantee but for any relevant unenforceability, invalidity or illegality, and (ii) in
respect of clause (II) above, shall include (A) the difference between (x) the amount (if any) received by the applicable Indemnified Party from the applicable Loan Party and (y) the amount that the applicable Loan Party was
obliged to pay under the original express terms of the Documents in the currency specified in the Loan Documents, disregarding any Law Change (the “Original Currency”), and (B) all further costs, losses and liabilities suffered
or incurred by such Indemnified Party as a result of a Law Change. For the purposes of (A)(x), if payment was not received by such Indemnified Party in the Original Currency, the amount received by such Indemnified Party shall be deemed to be that
payment’s equivalent in the Original Currency converted, actually or notionally at such Indemnified Party’s discretion, on the day of receipt at the then prevailing spot rate of exchange of such Indemnified Party or if, in such Indemnified
Party’s opinion, it could not reasonably or properly have made a conversion on the day of receipt of the equivalent of that payment in the 

  
 103 

	 	
Original Currency, that payment’s equivalent as soon as such Indemnified Party could, in its opinion, reasonably and properly have made a conversion of the Original Currency with the
currency of payment. If the Original Currency no longer exists, the Parent shall make such payment in such currency as is, in the reasonable opinion of such Indemnified Party, required, after taking into account any payments by the applicable Loan
Party, to place such Indemnified Party in a position reasonably comparable to that it would have been in had the Original Currency continued to exist. 

  

	 	(d)	 To the extent that any Loan Party fails to pay any amount required to be paid by it to the Administrative
Agent, any Arranger Party, any Issuing Bank or the Swingline Lender or any Related Party of any of the foregoing under paragraph (a) or (b) or (c) of this Section, each Lender severally agrees to pay to such Person such Lender’s
Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought and determined without giving effect to the Applicable Percentage of any applicable Defaulting Lender) of such unpaid amount;
provided that the unreimbursed expense or indemnified loss, claim, damage, liability, cost, penalty, fee or related expense, as the case may be, was incurred by or asserted against such Person in its respective capacity as such.

  

	 	(e)	 To the fullest extent permitted by applicable law, no Loan Party shall assert, and each Loan Party hereby
waives, any claim against any Indemnified Party, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any
other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Indemnified Party referred to in paragraph (b) above shall be liable for
any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan
Documents or the transactions contemplated hereby or thereby. 

  

	 	(f)	 All amounts due under this Section shall be payable not later than 3 Business Days after written demand
therefor, such demand to be in reasonable detail setting forth the basis for and method of calculation of such amounts. 

Section 11.05 Successors and Assigns 
  

	 	(a)	 Successors and Assigns Generally. 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, except that neither the Parent nor any Borrower may assign or otherwise transfer any of their rights or obligations hereunder without the prior written
consent of the Administrative Agent, each Issuing Bank and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of paragraph (b)
of this Section (in accordance with paragraph (g) to the extent applicable), (ii) by way of participation in accordance with the provisions of paragraph (d) of this Section (in accordance with paragraph (g) to the extent
applicable) or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). 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, Participants to the extent provided in paragraph (d) of this Section
and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders and each Issuing Bank) any legal or equitable right, remedy or claim under or by reason of this Agreement.

  
 104 

	 	(b)	 Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of
its rights and obligations under this Agreement (including all or a portion of any of its Commitments and Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

 

	 	(i)	 Minimum Amounts. 

  

	 	(A)	 no minimum amount need be assigned (x) in the case of an assignment of the entire remaining amount of the
assigning Lender’s Commitment under any applicable Tranche and the relevant Loans under such Tranche at the time owing to it or (y) in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or (z) in the
case of an assignment occurring while an Event of Default of the type described under Section 7.01(a), (b), (g), (h) or (i) has occurred and is continuing; and 

 

	 	(B)	 in any case not described in paragraph (b)(i)(A) of this Section, the aggregate amount of the Commitment (which
for this purpose includes Loans outstanding thereunder) (or, if the applicable Commitment is not then in effect, the principal outstanding balance of the relevant 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 or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date) shall not be less than US$10,000,000 and
shall be an integral multiple of US$1,000,000, provided that in each case of this paragraph (b)(i)(B), (x) the Parent may unilaterally consent to a lesser minimum amount if so requested by a Lender (each such consent not to be unreasonably withheld
or delayed) (provided that the Parent shall be deemed to have consented thereto unless it shall object thereto by written notice to the Administrative Agent within 10 Business Days after having received notice or request for such consent).

  

	 	(ii)	 Proportionate Amounts. 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 with respect to the relevant Loan or the Commitment under the applicable Tranche assigned. 

 

	 	(iii)	 Required Consents. No consent shall be required for any assignment except to the extent required by
paragraph (b)(i)(B) of this Section and, in addition: 

  

	 	(A)	 the consent of the Parent (such consent not to be unreasonably withheld or delayed) shall be required unless
(x) an Event of Default of the type described under Section 7.01(a), (b), (g), (h) or (i) has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an
Approved Fund, provided that such Affiliate of a Lender and Approved Fund, respectively, is in each case a Swiss Qualifying Bank; provided that the consent of the Parent to an assignment must not be withheld solely because the assignment or
transfer may result in increased obligations under Sections 2.15 and/or 2.10(f) (subject to Section 11.05(g)); provided further that the Parent shall be deemed to have consented to any such assignment unless it shall object thereto by
written notice to the Administrative Agent within 10 Business Days after having received notice or request for such consent; and 

  
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	 	(B)	 the consent of the Administrative Agent and the Swingline Lender (such consents not to be unreasonably withheld
or delayed) shall be required for assignments in respect of the Revolving Commitment of any Lender or any Lender’s obligations in respect of its LC Exposure or Swingline Exposure, if such assignment is to a Person that is not a Lender with a
Revolving Commitment, an Affiliate of such Lender or an Approved Fund with respect to such Lender. 

  

	 	(iv)	 Assignment and Assumption. The parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of US$3,500 (which fee, in the sole discretion of the Administrative Agent, may be waived in whole or in part in any particular case), and the
assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

  

	 	(v)	 No Assignment to the Parent or its Affiliates. No such assignment shall be made to the Parent or any of
the Parent’s Affiliates or Subsidiaries. 

  

	 	(vi)	 No Assignment to Natural Persons or non-Professional Lenders.
With respect to a Dutch Borrower only, no such assignment shall be made to a person who is not a Professional Lender. For the purpose of this Section 11.05, “Professional Lender” means: 

 

	 	(A)	 until an interpretation of the term “public” as referred to in the Capital Requirements Regulation
(EU) No. 575/2013 (the “CRR”) is published by the relevant Governmental Authority, either an entity that qualifies as a professional market party as defined in Article 1:1 of the Dutch Financial Supervision Act (Wet op het
financieel toezicht); and 

  

	 	(B)	 following the publication of the interpretation of the term “public” as referred to in the CRR by the
relevant Governmental Authority, an entity that does not qualify as forming part of the “public” as referred to in the CRR and the rules promulgated thereunder. 

 

	 	(vii)	 Bank or Financial Institution. No such assignment shall be made to any assignee that is not a bank, a
financial institution or a credit fund. 

  

	 	(viii)	 Israeli Regulated Bank or Financial Institution. No such assignment shall be made to any assignee that
is an Israeli regulated bank or financial institution, other than international banks with a foreign bank branch in Israel or representative office of a foreign bank in Israel. 

 

	 	(ix)	 Creditworthy Entity. Unless consented to expressly by the Parent (provided that after the end of the
Availability Period, such consent shall not be unreasonably withheld or delayed), no such assignment shall be made to any assignee that does not qualify as a Creditworthy Entity at the time of such assignment, unless (x) an Event of
Default of the type described under Section 7.01(a), (b), (g), (h) or (i) has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund.

  
 106 

 For purposes hereof, a “Creditworthy Entity” means a bank, financial
institution or credit fund which has an international corporate family rating or a rating for its long-term unsecured non-credit enhanced debt obligations of BBB- or higher by S&P or Fitch Ratings Ltd or Baa3 or higher by Moody’s or a comparable rating from an internationally recognized credit rating agency. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section, from and after the
effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement 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 2.12, 2.15 and 11.04 with respect to facts and circumstances
occurring prior to the effective date of such assignment. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph 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 (d) of this Section. 
  

	 	(c)	 Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrowers, shall
maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans and LC Disbursements,
and participations in Swingline Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrowers, the Administrative Agent and the
Lenders may 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 and any Lender as to its own Commitments and amounts owing to it, at any reasonable time and from time to time upon reasonable prior notice. 

  

	 	(d)	 Participations. Any Lender may at any time, without the consent of, or notice to, the Parent, any
Borrower, the Administrative Agent, any Issuing Bank or the Swingline Lender, sell participations to any Person (other than a natural person or the Parent or any of the Parent’s Affiliates or Subsidiaries) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Administrative Agent and the 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 Section 11.03(b)(i) through (ix) that directly affects such Participant. Subject to paragraph (e) of this Section, each Borrower 

  
 107 

 
agrees that each Participant shall be entitled to the benefits of Sections 2.12 and 2.15 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to
paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.09 as though it were a Lender, provided such Participant agrees to be subject to
Section 2.16(c) as though it were a Lender. 
 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 the Loan Documents (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, or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such
commitment, loan 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. For the avoidance of doubt, the
Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 
  

	 	(e)	 Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment
under Section 2.12 or 2.15 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless such Tax or Increased Cost is imposed as a result of a change in law after the date
such Participant became a Participant member. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.15 unless the Borrower is notified of the participation sold to such Participant
and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.15(f) as though it were a Lender (it being understood that the forms and documentation described in Section 2.15(f) shall be provided to the
participating Lender). 

  

	 	(f)	 Certain Pledges. Any Lender may at any time pledge, charge or assign a security interest in or over all
or any portion of its rights to repayment of Loans made under this Agreement to secure obligations of such Lender, including any pledge, charge or assignment to secure obligations, including, without limitation, to a Federal Reserve Bank, the
European Central Bank or any other central bank; provided that no such pledge, charge or assignment shall (i) release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party
hereto or (ii) require any payments to be made by any Loan Party other than or in excess of, or grant any person any more extensive rights than, those required to be made or granted to the relevant Lender under the Loan Documents.

  

	 	(g)	 Special Provisions Regarding Assignments. Subject to the other restrictions on transfer contained in
this Section 11.05, a Lender may, subject to the following additional provisions, at any time assign or transfer (including by way of novation) any of its rights and obligations under this Agreement to a new Lender. 

  
 108 

	 	(i)	 In the event of an assignment or transfer of any or all of the rights and obligations of a Lender including
Restricted Sub-Participations (but not including participations that are not Restricted Sub-Participations), so long as no Event of Default then exists, the assignee
Lender shall make the representations in the Assignment and Assumption as to whether it is a Swiss Qualifying Bank on the effective date of the respective assignment, and if such assignee Lender represents that it is a Swiss Qualifying Bank the
assignor Lender shall freely assign or transfer, and the assignee Lender shall accept, such rights and obligations. If the assignee Lender is not a Swiss Qualifying Bank and there is reasonable doubt as to whether such assignee Lender counts as one
or several Lenders, the Parent has the right (unless an Event of Default then exists) prior to the transfer to request that such assignee Lender provide to it a written confirmation signed by the Swiss Federal Tax Administration that such assignee
Lender counts as one (or several, as the case may be) Swiss Non-Qualifying Bank. In the event that the respective assignee (or participant pursuant to a Restricted
Sub-Participation) in respect of Commitments (or related outstandings, rights and obligations to the applicable Swiss Loan Party) is unable or unwilling to represent that it is a Swiss Qualifying Bank, then,
unless an Event of Default is in existence, the consent of the Administrative Agent and the Parent shall be required to effect the respective assignment or Restricted Sub-Participation (which consents shall
not be unreasonably withheld or delayed); provided that no such consent shall be required to be given by the Parent if, after giving effect to the respective assignment or Restricted Sub-Participation, the
number of Lenders and holders of Restricted Sub-Participations under this Agreement which are Swiss Non-Qualifying Banks would, in aggregate, not exceed ten (10).

  

	 	(ii)	 Any Lender which enters into an assignment, transfer or Restricted
Sub-Participation (but not including (x) assignments effected in accordance with the relevant requirements of Section 11.05(b) and clause (i) of this Section 11.05(g), and
(y) participations that are not Restricted Sub-Participations) of its Commitment or any outstandings pursuant thereto shall ensure that, unless an Event of Default is in existence: 

 

	 	(A)	 the terms of such assignment, transfer or sub-participation agreement
prohibit the new Lender or sub-participant from entering into further assignment, transfer or sub-participation agreements (in relation to the rights between it and such
Lender) and assigning or granting any interest over the assignment, transfer or sub-participation agreement, except in each case to a person who is a Swiss Qualifying Bank; 

 

	 	(B)	 the new Lender or sub-participant enters into a unilateral undertaking
in favor of each Lender and each Loan Party incorporated in Switzerland to abide by the terms included in the assignment, transfer or sub-participation agreement to reflect
sub-clause (A) above; 

  

	 	(C)	 the terms of such assignment, transfer or sub-participation agreement
oblige the new Lender or sub-participant, in respect of any further assignment, transfer or sub-participation, assignment or grant, to include a term identical to the
provisions of clauses (i) and (ii) of this Section 11.05(g) mutatis mutandis, including a requirement that any further new Lender or sub-participant, assignee or grantee enters into such
undertaking; and 

  

	 	(D)	 the identity of the new Lender or sub-participant is permitted to be
disclosed to the Swiss Federal Tax Administration by the Swiss Loan Parties (if requested by the Swiss Federal Tax Administration to do so). 

  
 109 

	 	(iii)	 For the avoidance of doubt, nothing contained in this Section 11.05(g) shall be construed to prohibit
assignments to, or purchases of participations by, any Swiss Non-Qualifying Bank, so long as, after giving effect to any such assignment or participation, there are no more than ten (10) Swiss Non-Qualifying Banks acting as Lenders hereunder. For the avoidance of doubt, it is understood that all transfers and assignments are also subject to Section 11.05(b). 

Section 11.06 Survival 
 All
covenants, agreements, representations and warranties made by the Loan Parties herein and in the other Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document
shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the other Loan Documents 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 not withstanding that the Administrative Agent, any Issuing Bank, any Lender or any Affiliate of any 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 LC Exposure is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.10(f), 2.12, 2.14, 2.15 and 2.17, Article 7 and Sections 11.04, 11.05 and 11.13 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 Commitments or the termination of this
Agreement or any provision hereof. 
 Section 11.07 Counterparts; Integration; Effectiveness 

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 and the other Loan Documents 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. This Agreement shall become effective on the date hereof, and
thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic
transmission shall be effective as delivery of a manually executed counterpart of this Agreement. 
 Section 11.08 Severability 

Any provision of this Agreement or the Loan Documents 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. 

  
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 Section 11.09 Right of Setoff 

If an Event of Default shall have occurred and be continuing, each Lender and Issuing Bank and each of its Affiliates is hereby authorized at
any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in
whatever currency) at any time owing by such Lender, Issuing Bank or Affiliate to or for the credit or the account of any Borrower or the Guarantor against any and all of the obligations of any such Borrower or the Guarantor now or hereafter
existing under this Agreement or any other Loan Document to such Lender or Issuing Bank, irrespective of whether or not such obligations of such Borrower or Guarantor may be owed to a branch or office of such Lender or Issuing Bank different from
the branch or office holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the
Administrative Agent for further application in accordance with the provisions of Section 2.18 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 and the Lenders and (y) 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, Issuing Bank and each Affiliate thereof under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, Issuing Bank or Affiliate may have. Each Lender
and Issuing Bank agrees to notify the Parent 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 11.10 Governing Law; Jurisdiction; Consent to Service of Process 
  

	 	(a)	 This Agreement (and any non-contractual obligations arising out of or
in connection with this Agreement) shall be construed 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 exclusive
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 any thereof, in any action or proceeding arising out of
or relating to this Agreement or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may
be heard and determined in such New York State or, to the extent permitted by law, in such federal court. To the extent that any Loan Party has or hereafter may acquire 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) with respect to itself or its property, such Loan Party hereby irrevocably waives such immunity in respect of its obligations under this
Agreement or any other Loan Document. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by
law. Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any
Borrower or the Guarantor or any of their respective properties in the courts of any jurisdiction to enforce a judgment obtained in accordance with this Section. 

 

	 	(c)	 Each Loan Party 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 or any other Loan Document in any court referred to in paragraph (b) of
this Section. 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. 

  
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	 	(d)	 Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in
Section 11.01. In addition, each Loan Party (other than Teva USA) hereby irrevocably designates, appoints and empowers TEVA PHARMACEUTICALS USA, INC., a Delaware corporation, the principal office of which is at 1090
Horsham Road, North Wales, Pennsylvania, 19454, United States of America (the “Process Agent”), in the case of any suit, action or proceeding brought in the United States 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 kind and all legal process, summons, notices and documents that may be served in any action or proceeding arising out of or in connection with this Agreement or any
other Loan Document. By executing this Agreement, Teva USA hereby irrevocably accepts such designation, appointment and agency, which shall remain in full force and effect until such time as Teva USA ceases to be a Borrower hereunder in accordance
with Section 10.02 (at which time each Loan Party shall designate a replacement Process Agent satisfactory to the Administrative Agent (and deliver the appropriate documentation in respect thereof as reasonably requested by the Administrative
Agent)). Such service may be made by mailing (by registered or certified mail, postage prepaid) or delivering a copy of such process to such Person in care of the Process Agent at the Process Agent’s above address, and such Person hereby
irrevocably authorizes and directs the Process Agent to accept such service on its behalf. As an alternative method of service, each Loan Party irrevocably consents to the service of any and all process in any such action or proceeding by the
mailing (by registered or certified mail, postage prepaid) of copies of such process to the Process Agent or such Person at its address specified in Section 11.01. Nothing in this Agreement will affect the right of any party to this Agreement
to serve process in any other manner permitted by law. 

 Section 11.11 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 ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (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. 

Section 11.12 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. 

  
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 Section 11.13 Confidentiality 

Each of the Administrative Agent and the Lender Parties agrees to maintain the confidentiality of the Information (as defined below) and not to
disclose or permit its disclosure to any Person, for a period of at least 1 year following the termination of this Agreement, except that Information may be disclosed (a) to its Related Parties (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) on a need-to-know basis to
the extent used in connection with the administration of this Agreement, (b) to the extent requested by or legally obligated to disclose it pursuant to a request of any regulatory authority or Governmental Authority purporting to have
jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners and in connection with a pledge or assignment permitted under Section 11.05(f)),
(c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or
any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions no less restrictive than those of this Section, 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 (ii) any actual or prospective party (or its managers, administrators, trustees, partners,
directors, officers, employees, agents, advisors and other representatives) to any swap, derivative or other similar transaction under which payments are to be made by reference to the Borrowers and its obligations, this Agreement or payments
hereunder or to a credit insurance provider relating to a Borrower and its obligations or any party or potential party to any securitization or similar transaction in relation to this Agreement or the obligations hereunder, (iii) any rating
agency, or (iv) the CUSIP Service Bureau or any similar organization, (g) with the consent of the Borrowers or (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section
or (y) becomes available to the Lender or any of their respective Affiliates on a non-confidential basis from a source other than a Borrower. It is agreed that in case of the Lender becoming aware of a requirement to disclose Information in
accordance with sub—Sections (b) or (c) above (other than in the case of a regulatory or industry examination, review or audit or disclosure made to any of the Persons referred to in such
sub-Sections during the ordinary course of its supervisory or regulatory functions), it will notify Parent and the relevant Borrower of such requirement as soon as reasonably practicable, to the extent it is
lawfully permitted to so notify (as determined in its sole discretion). In addition, the Administrative Agent and the Lenders may disclose the existence of this Agreement and other customary non-sensitive
information about this Agreement (which shall exclude, for the avoidance of doubt, any allocation information about the Lenders) to market data collectors, similar service providers to the lending industry and service providers to the Agents and the
Lenders in connection with the administration of this Agreement, the other Loan Documents, and the Commitments. 
 For purposes of this
Section, “Information” means all information received at any time prior to the date hereof and afterwards from the Parent or any of its Subsidiaries relating to the Parent or any of its Subsidiaries or any of their respective businesses,
other than any such information that is available to the Administrative Agent or any Lender on a non-confidential basis prior to disclosure by the Parent or any of its Subsidiaries, provided that, in
the case of information received from the Parent or any of its Subsidiaries 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 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, and at least reasonable care. 

  
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 Each Lender undertakes not to make use of any Information without the prior written consent
of the Parent including, for the avoidance of doubt, the issuance of any public announcement, press release or other similar communication, which consent shall not be unreasonably withheld; provided that, such Lender shall be permitted to
(i) make use of such information as permitted by the preceding paragraphs of this Section 11.13 and (ii) disclose the existence of the business relationship hereunder and this Agreement’s signing in connection with the
Lender’s marketing efforts following the Signing Date, each without the consent of the Parent. 
 Section 11.14 Treatment of Information

  

	 	(a)	 Certain of the Lenders may enter into this Agreement and take or not take action hereunder or under the other
Loan Documents on the basis of information that does not contain material non-public information with respect to the Parent or its securities (“Restricting Information”). Other Lenders may
enter into this Agreement and take or not take action hereunder or under the other Loan Documents on the basis of information that may contain Restricting Information. Each Lender Party acknowledges that United States federal and state securities
laws prohibit any person from purchasing or selling securities on the basis of material, non-public information concerning such issuer of such securities or, subject to certain limited exceptions, from
communicating such information to any other Person. Neither the Administrative Agent nor any of its Related Parties shall, by making any Communications (including Restricting Information) available to a Lender Party, by participating in any
conversations or other interactions with a Lender Party or otherwise, make or be deemed to make any statement with regard to or otherwise warrant that any such information or Communication does or does not contain Restricting Information nor shall
the Administrative Agent or any of its Related Parties be responsible or liable in any way for any decision a Lender Party may make to limit or to not limit its access to Restricting Information. In particular, none of the Administrative Agent nor
any of its Related Parties (i) shall have, and the Administrative Agent, on behalf of itself and each of its Related Parties, hereby disclaims, any duty to ascertain or inquire as to whether or not a Lender Party has or has not limited its
access to Restricting Information, such Lender Party’s policies or procedures regarding the safeguarding of material, nonpublic information or such Lender Party’s compliance with applicable laws related thereto or (ii) shall have, or
incur, any liability to the Loan Parties or Lender Party or any of their respective Related Parties arising out of or relating to the Administrative Agent or any of its Related Parties providing or not providing Restricting Information to any Lender
Party. 

  

	 	(b)	 Each Loan Party agrees that (i) all Communications it provides to the Administrative Agent intended for
delivery to the Lender Parties whether by posting to the Approved Electronic Platform or otherwise shall be clearly and conspicuously marked “PUBLIC” if such Communications do not contain Restricting Information which, at a minimum, shall
mean that the word “PUBLIC” shall appear prominently on the first page thereof, (ii) by marking Communications “PUBLIC,” the Borrowers shall be deemed to have authorized the Administrative Agent and the Lender Parties to
treat such Communications as either publicly available information or not material information (although, in the latter case, such Communications may contain sensitive business information and, therefore, remain subject to the confidentiality
undertakings of this Section 11.14) with respect to the Parent or its securities for purposes of United States federal and state securities laws, (iii) all Communications marked “PUBLIC” may be delivered to all Lender Parties and
may be made available through a portion of the Approved Electronic Platform designated “Public Side Information,” and (iv) the Administrative Agent shall be entitled to treat any Communications that are not 

  
 114 

	 	
marked “PUBLIC” as Restricting Information and may post such Communications to a portion of the Approved Electronic Platform not designated “Public Side Information.” Neither
the Administrative Agent nor any of its Affiliates shall be responsible for any statement or other designation by the Borrowers regarding whether a Communication contains or does not contain material
non-public information with respect to the Parent or its securities nor shall the Administrative Agent or any of its Affiliates incur any liability to any Borrower, any Lender Party or any other Person for any
action taken by the Administrative Agent or any of its Affiliates based upon such statement or designation, including any action as a result of which Restricting Information is provided to a Lender Party that may decide not to take access to
Restricting Information. Nothing in this Section 11.14 shall modify or limit a Lender Party’s obligations under Section 11.13 with regard to Communications and the maintenance of the confidentiality of or other treatment of
Information. 

  

	 	(c)	 Each Lender Party acknowledges that circumstances may arise that require it to refer to Communications that
might contain Restricting Information. Accordingly, each Lender Party agrees that it will nominate at least one designee to receive Communications (including Restricting Information) on its behalf and identify such designee (including such
designee’s contact information) on such Lender Party’s Administrative Questionnaire. Each Lender Party agrees to notify the Administrative Agent from time to time of such Lender Party’s designee’s
e-mail address to which notice of the availability of Restricting Information may be sent by electronic transmission. 

  

	 	(d)	 Each Lender Party acknowledges that Communications delivered hereunder and under the other Loan Documents may
contain Restricting Information and that such Communications are available to all Lender Parties generally. Each Lender Party that elects not to take access to Restricting Information does so voluntarily and, by such election, acknowledges and
agrees that the Administrative Agent and other Lender Parties may have access to Restricting Information that is not available to such electing Lender Party. None of the Administrative Agent nor any Lender Party with access to Restricting
Information shall have any duty to disclose such Restricting Information to such electing Lender Party or to use such Restricting Information on behalf of such electing Lender Party, and shall not be liable for the failure to so disclose or use,
such Restricting Information. 

  

	 	(e)	 The provisions of the foregoing clauses of this Section 11.14 are designed to assist the Administrative
Agent, the Lender Parties and the Loan Parties in complying with their respective contractual obligations and applicable law in circumstances where certain Lender Parties express a desire not to receive Restricting Information notwithstanding that
certain Communications hereunder or under the other Loan Documents or other information provided to the Lender Parties hereunder or thereunder may contain Restricting Information. Neither the Administrative Agent or any of its Related Parties
warrants or makes any other statements with respect to the adequacy of such provisions to achieve such purpose nor does the Administrative Agent or any of its Related Parties warrant or make any other statement to the effect that the Loan
Parties’ or Lender Party’s adherence to such provisions will be sufficient to ensure compliance by any Loan Party or Lender Party with its contractual obligations or its duties under applicable law in respect of Restricting Information and
each of the Lender Parties and the Loan Parties assumes the risks associated therewith. 

  
 115 

	 	(f)	 Any Lender Party may disclose to any Person to whom or for whose benefit such Lender Party charges, assigns or
otherwise creates an Encumbrance (or may do so) pursuant to Section 11.05(f). 

 Section 11.15 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 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 (to the extent lawful) with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall
have been received by such Lender. 
 Section 11.16 No Waiver; Remedies 

No failure on the part of any party hereto to exercise, and no delay in exercising, any right under this Agreement or any other Loan Document
shall operate as a waiver thereof, nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies of the Administrative Agent and the Lenders provided in
this Agreement are cumulative and not exclusive of any remedies that they would otherwise have. Without limiting the generality of the foregoing, the making of a Loan shall not be construed as a waiver of any Default, regardless of whether the
Administrative Agent or any Lender may have had notice or knowledge of such Default at the time. 
 Section 11.17 EU Blocking Regulations 

No representation, warranty or covenant herein shall give rise to any obligation that constitutes a breach of Council Regulation (EC) No
2271/96, as amended (or any implementing law or regulation in any member state of the European Union or the United Kingdom). 
 Section 11.18 USA
Patriot Act Notice; “Know Your Customer” 
  

	 	(a)	 Each Lender Party and the Administrative Agent (for itself and not on behalf of any Lender Party) hereby
notifies the Loan Parties that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”) and pursuant to other
applicable “know your customer” and Anti-Money Laundering Laws, it is required to obtain, verify and record information that identifies each Loan Party or Letter of Credit beneficiary, as applicable,
which information includes the name and address of each Loan Party and other information that will allow such Lender Party or the Administrative Agent, as applicable, to identify each Loan Party or Letter of Credit beneficiary, as applicable, in
accordance with the Act. Each Loan Party shall, following a request by the Administrative Agent or any Lender Party, provide all documentation and other information that the Administrative Agent or such Lender Party reasonably requests in order to
comply with its ongoing obligations under applicable “know your customer” and Anti-Money Laundering Laws, including the Act. 

 

	 	(b)	 Without limiting the foregoing, if: 

  
 116 

	 	(i)	 the introduction of or any change in (or in the interpretation, administration or application of) any law or
regulation made after the date of this Agreement; or 

  

	 	(ii)	 any change in the status or composition of shareholders of a Loan Party (or the addition of any Additional
Borrower) after the date of this Agreement; or 

  

	 	(iii)	 a proposed assignment or transfer by any Lender or Administrative Agent of its rights and obligations under
this Agreement, 

 obliges the Administrative Agent or any Lender Party or, in the case of paragraph (iii) above, any
prospective new Lender Party or Administrative Agent to comply with “know your customer” or similar identification procedures in circumstances where the necessary information is not already available to it, each Loan Party shall promptly
upon the request of the Administrative Agent or any Lender Party supply, or procure the supply of, such documentation and other evidence as is reasonably requested by the Lender Party (for itself or, in the case of the event described in
paragraph (iii) above, any prospective new Lender Party) to carry out and be satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations pursuant to the
transactions contemplated in the Loan Documents. 
  

	 	(c)	 Each Lender Party shall promptly upon the request of the Administrative Agent supply, or procure the supply of,
such documentation and other evidence as is reasonably requested by the Administrative Agent (for itself) in order for the Administrative Agent to carry out and be satisfied it has complied with all necessary “know your customer” or other
similar checks under all applicable laws and regulations pursuant to the transactions contemplated in the Loan Documents. 

  

	 	(d)	 At the written request of the Administrative Agent, such Loan Party shall, promptly after the date of any such
request, provide the Administrative Agent or any Lender any information regarding the Loan Parties necessary for the Administrative Agent or such Lender to comply with all applicable Anti-Corruption Laws, Anti-Money Laundering Laws or Sanctions.

 Section 11.19 Dollar Equivalent Calculations 

For purposes of this Agreement, the Dollar Equivalent of each Loan that is an Alternate Currency Loan (or Letter of Credit in an Alternate
Currency) shall be calculated (i) on the date when the applicable Loan Notice or LC Request in relation to such Loan or Letter of Credit is received in accordance with Article 2, (ii) at the Administrative Agent’s discretion, on the first
Business Day of each month, (iii) at the Administrative Agent’s discretion, the date of each continuance or conversion of a Eurocurrency Loan and (iv) at such other times as designated by the Administrative Agent in its discretion.
Such Dollar Equivalent shall remain in effect until the same is recalculated by the Administrative Agent as provided above and notice of such recalculation is received by Parent, it being understood that until such notice of such recalculation is
received, the Dollar Equivalent shall be that Dollar Equivalent as last reported to Parent by the Administrative Agent. 
 Section 11.20 Judgment
Currency 
  

	 	(a)	 The Loan Parties’ obligations hereunder and under the other Loan Documents to make payments in the
applicable Loan Currency (pursuant to such obligation, the “Obligation Currency”) shall not be discharged or satisfied by any tender or recovery pursuant to any judgment expressed in or converted into any currency other than the Obligation
Currency, except to the extent that such tender or recovery results in the effective receipt by the Administrative Agent or the respective Lender of the full 

  
 117 

	 	
amount of the Obligation Currency expressed to be payable to the Administrative Agent or such Lender under this Agreement or the other Loan Documents. If, for the purpose of obtaining or
enforcing judgment against any Loan Party in any court or in any jurisdiction, it becomes necessary to convert into or from any currency other than the Obligation Currency (such other currency being hereinafter referred to as the “Judgment
Currency”) an amount due in the Obligation Currency, the conversion shall be made at the Relevant Currency Equivalent, and in the case of other currencies, the rate of exchange (as quoted by the Administrative Agent or if the Administrative
Agent does not quote a rate of exchange on such currency, by a known dealer in such currency designated by the Administrative Agent) determined, in each case, as of the Business Day immediately preceding the day on which the judgment is given (such
Business Day being hereinafter referred to as the “Judgment Currency Conversion Date”). 

  

	 	(b)	 If there is a change in the rate of exchange prevailing between the Judgment Currency Conversion Date and the
date of actual payment of the amount due, the Loan Parties covenant and agree to pay, or cause to be paid, either (i) such additional amounts, if any (but in any event not a lesser amount) as may be necessary to ensure that the amount paid in
the Judgment Currency, when converted at the rate of exchange prevailing on the date of payment, will produce the amount of the Obligation Currency which could have been purchased with the amount of Judgment Currency stipulated in the judgment or
judicial award at the rate of exchange prevailing on the Judgment Currency Conversion Date, or (ii) such amount, in the Obligation Currency, equal to the amount of the applicable judgment denominated in Judgment currency, converted to the
Obligation Currency in accordance with the Judgment Currency Conversion Date. 

  

	 	(c)	 For purposes of determining the Relevant Currency Equivalent or any other rate of exchange for this
Section 11.19, such amounts shall include any premium and costs payable in connection with the purchase of the Obligation Currency. 

Section 11.21 Special Provisions Relating to Euros 
  

	 	(a)	 All funds to be made available to Administrative Agent pursuant to this Agreement in euros shall be made
available to Administrative Agent in immediately available, freely transferable, cleared funds to such account with such bank in such principal financial center in such Participating Member State (or in London) as Administrative Agent shall from
time to time nominate for this purpose. 

  

	 	(b)	 In relation to the payment of any amount denominated in euros, Administrative Agent shall not be liable to any
Loan Party or any of the Lenders for any delay, or the consequences of any delay, in the crediting to any account of any amount required by this Agreement to be paid by Administrative Agent if Administrative Agent shall have taken all relevant and
necessary steps to achieve, on the date required by this Agreement, the payment of such amount in immediately available, freely transferable, cleared funds in euros to the account with the bank in the principal financial center in the Participating
Member State which a Borrower or, as the case may be, any Lender shall have specified for such purpose. In this Section 11.20(b), “all relevant steps” means all such steps as may be prescribed from time to time by the regulations or
operating procedures of such clearing or settlement system as Administrative Agent may from time to time determine for the purpose of clearing or settling payments of euros. Furthermore, and without limiting the foregoing, Administrative Agent shall
not be liable to any Loan Party or any of the Lenders with respect to the foregoing matters in the absence of its gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision or pursuant to a binding arbitration award or as otherwise agreed in writing by the affected parties). 

  
 118 

 Section 11.22 No Fiduciary Duty 

Each Arranger Party, the Administrative Agent, the Swingline Lender, each Issuing Bank and each Lender and their respective Affiliates
(collectively, solely for purposes of this paragraph, the “Banks”), may have economic interests that conflict with those of the Loan Parties. Each Loan Party agrees that nothing in the Loan Documents or otherwise will be deemed to
create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between the Banks and the Loan Parties, their stockholders or their affiliates. Each Loan Party acknowledges and agrees that (i) the transactions
contemplated by the Loan Documents are arm’s-length commercial transactions between the Banks, on the one hand, and the Loan Parties, on the other, (ii) in connection therewith and with the process
leading to such transaction each of the Banks is acting solely as a principal and not the agent or fiduciary of any Loan Party, its management, stockholders, creditors or any other person, (iii) no Bank has assumed an advisory or fiduciary
responsibility in favor of any Loan Party with respect to the transactions contemplated hereby or the process leading thereto (irrespective of whether any Bank or any of its affiliates has advised or is currently advising any Loan Party on other
matters) or any other obligation to the Loan Parties except the obligations expressly set forth in the Loan Documents and (iv) each Loan Party has consulted its own legal and financial advisors to the extent it deemed appropriate. Each Loan
Party further acknowledges and agrees that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. Each Loan Party agrees that it will not claim that any Bank has rendered advisory
services of any nature or respect, or owes a fiduciary or similar duty to the Loan Parties, in connection with such transaction or the process leading thereto. 

Section 11.23 Lenders as Swiss Qualifying Banks and Swiss Non-Qualifying Banks; Borrowers as Swiss Loan
Parties 
 Each Lender party hereto represents as of the date it becomes a party hereto that it is a Swiss Qualifying Bank or a Swiss Non-Qualifying Bank as further indicated on Schedule 11.22 (which shall be updated by the Administrative Agent from time to time if so requested by the Parent). Any such Lender which ceases to be a Swiss Qualifying
Bank shall promptly notify the Parent and the Administrative Agent that it has ceased to be a Swiss Qualifying Bank. If as a result of such event (including as a result of a change of status of such Lender or as a result of an assignment or
Restricted Sub-Participation to a Swiss Non-Qualifying Bank) the number of Swiss Non-Qualifying Banks under this Agreement
exceeds the number ten, then, so long as no Event of Default is in existence, the Parent may, at its sole expense and effort, request that the relevant Lender or Lenders, as applicable, assign or transfer by novation (at par plus accrued interest,
accrued fees and all other amounts payable to it hereunder and under the other Loan Documents) all of its rights and obligations under this Agreement to an Eligible Assignee identified by the Lender (failing which identified by the Parent)
qualifying as a Swiss Qualifying Bank or another Lender qualifying as a Swiss Qualifying Bank, all in accordance with Section 11.05. The Administrative Agent shall have no responsibility for determining whether or not an entity is a Swiss
Qualifying Bank. Each Lender shall have the right to request at any time to receive from Parent a list setting forth the Lenders who are Swiss Non-Qualifying Banks. 

  
 119 

 Section 11.24 Representation of each Dutch Borrower 

If, in respect of each Dutch Borrower, this Agreement or any other Loan Document is signed or executed by another Person (a “Dutch
Attorney-in-Fact”) acting on behalf of such Dutch Borrower pursuant to a power of attorney executed and delivered by such Dutch Borrower, it is
hereby expressly acknowledged and accepted in accordance with article 14 of the Hague Convention on the Law Applicable to Agency of 14 March 1978 by the other parties to this Agreement or any other Loan Document that the existence and extent of
such Attorney-in-Fact’s authority and the effects of such Dutch
Attorney-in-Fact’s exercise or purported exercise of his or her authority shall be governed by the laws of the Netherlands. 

Section 11.25 EU Bail-In 

Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties,
each party hereto acknowledges that any liability of any Lender or Issuing Bank that is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers
of an EEA 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 EEA Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any Lender or Issuing Bank party hereto that is an EEA 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
Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any other Loan Document; or 

  

	 	(iii)	 the variation of the terms of such liability in connection with the exercise of the write-down and conversion
powers of any EEA Resolution Authority. 

 Section 11.26 Electronic Execution of Assignments and Certain Other Documents. 

The words “execute,” “execution,” “signed,” “signature,” and words of like import in or related to any
document to be signed in connection with this Agreement and the transactions contemplated hereby (including without limitation Assignment and Assumptions, amendments or other modifications, Loan Notices, Swingline Loan Notices, waivers and consents)
shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, 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 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 is under no 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. 

[Signature Pages to Follow] 

  
 120 

 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. 
 TEVA PHARMACEUTICAL INDUSTRIES LIMITED 

 

	
	/s/ Michael McClellan
	  
 Name: Michael
McClellan

	Title:   Executive Vice President and Chief Financial Officer
	
	 /s/ Tomer Amitai

	Name: Tomer Amitai
	Title:   Senior Vice President and Corporate Treasurer

 [Signature Page to Revolving Credit Facility] 

 TEVA PHARMACEUTICALS USA, INC. 

 

	
	 /s/ Deborah Griffin

Name: Deborah Griffin

	Title:   Senior Vice President and Chief Accounting Officer
	
	 /s/ Asaph Naaman

Name: Asaph Naaman

	 Title:   Senior Vice President and Chief Financial Officer

            North America Commercial

 [Signature Page to Revolving Credit Facility] 

 TEVA PHARMACEUTICAL FINANCE NETHERLANDS II B.V. 

 

	
	 /s/ David Vrhovec

Name: David Vrhovec

	Title:   Director
	
	 /s/ Tomer Amitai

Name: Tomer Amitai

	Title:   Director

 [Signature Page to Revolving Credit Facility] 

 TEVA PHARMACEUTICAL FINANCE NETHERLANDS III B.V. 

 

	
	 /s/ David Vrhovec

Name: David Vrhovec

	Title:   Director
	
	 /s/ Tomer Amitai

Name: Tomer Amitai

	Title:   Director

 [Signature Page to Revolving Credit Facility] 

 BANK OF AMERICA MERRILL LYNCH INTERNATIONAL 

DESIGNATED ACTIVITY COMPANY, 
  

	
	as Lender
	
	 /s/ David Pepper

	 Name: David Pepper

	Title: Managing Director

 [Signature Page to Revolving Credit Facility] 

	
	BANK OF AMERICA, N.A.,
	
	as Swingline Lender
	
	 /s/ Albert Wheeler

	 Name: Albert Wheeler

	Title: V.P.

 [Signature Page to Revolving Credit Facility] 

 HSBC BANK PLC, 
  

	
	as Lender
	
	 /s/ Sandeep Bose-Mallick

	Name: Sandeep Bose-Mallick
	Title: Director

 [Signature Page to Revolving Credit Facility] 

 BARCLAYS BANK PLC, 
  

	
	as Lender
	
	 /s/ John Hogarth

	Name: John Hogarth
	Title: Director

 [Signature Page to Revolving Credit Facility] 

 BNP PARIBAS DUBLIN BRANCH, 
  

	
	as Lender
	
	 /s/ Cormac O’Reilly

	Name: Cormac O’Reilly
	Title: Authorised Signatory
	
	 /s/ Caroline Carty

	Name: Caroline Carty

 Title: Relationship Manager BNP Paribas Dublin Branch 

[Signature Page to Revolving Credit Facility] 

	
	 CITIBANK, N.A.,
  

as Lender

	
	 /s/ Caryn Bell

	Name: Caryn Bell
	Title: Director

 [Signature Page to Revolving Credit Facility] 

 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, 

 

	
	as Lender
	
	 /s/ John D. Toronto

	Name: John D. Toronto
	Title:   Authorized Signatory
	
	 /s/ Joan Park

	Name: Joan Park
	Title:   Authorized Signatory

 [Signature Page to Revolving Credit Facility] 

 GOLDMAN SACHS BANK USA, 
  

			
	as Lender
	
	 /s/ Yasmine Bassili

	Name:	 	Yasmine Bassili
	Title:	 	Managing Director

 [Signature Page to Revolving Credit Facility] 

 JPMORGAN CHASE BANK, N.A., 
  

			
	as Lender
	
	 /s/ Monica Tarantino

	Name:	 	Monica Tarantino
	Title:	 	Vice President

 [Signature Page to Revolving Credit Facility] 

 MIZUHO BANK, LTD., 
  

			
	as Lender
	
	 /s/ Mark Ralston

	Name:	 	Mark Ralston
	Title:	 	Senior Director

 [Signature Page to Revolving Credit Facility] 

 MORGAN STANLEY BANK, N.A., 
  

			
	as Lender
	
	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Authorized Signatory

 [Signature Page to Revolving Credit Facility] 

 MORGAN STANLEY SENIOR FUNDING, INC., 

 

			
	as Lender
	
	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Vice President

 [Signature Page to Revolving Credit Facility] 

 MUFG BANK, LTD., 
  

			
	as Lender
	
	 /s/ Masashi Sakai

	Name:	 	Masashi Sakai
	Title:	 	Managing Director Corporate Banking Division for EMEA

 [Signature Page to Revolving Credit Facility] 

 SUMITOMO MITSUI BANKING CORPORATION, 

 

			
	as Lender
	
	 /s/ Konstantinos Karabalis

	Name:	 	Konstantinos Karabalis
	Title:	 	Senior Executive Director
	
	 /s/ Nadine Boudart

	Name:	 	Nadine Boudart
	Title:	 	Assistant Vice President

 [Signature Page to Revolving Credit Facility] 

 PNC BANK NATIONAL ASSOCIATION, 

 

			
	 as Lender

	
	 /s/ Timothy J. Hornickle

	 Name:
	 	 Timothy J. Hornickle

	 Title:
	 	 Senior Vice President

 [Signature Page to Revolving Credit Facility] 

 INTESA SANPAOLO S.P.A., 
  

			
	 as Lender

	
	 /s/ Nikolaos Koukouvinos

	 Name:
	 	 Nikolaos Koukouvinos

	 Title:
	 	 Global Relationship Manager

	
	 /s/ Alberto Matera

	 Name:
	 	 Alberto Matera

	 Title:
	 	 Relationship Manager

 [Signature Page to Revolving Credit Facility] 

 BANK OF AMERICA, N.A., 
  

			
	as Administrative Agent
	
	 /s/ Anthony W. Kell

	Name:	 	Anthony W. Kell
	Title:	 	Vice President

 [Signature Page to Revolving Credit Facility] 

 Annex 1 

Rate Table 
 Tranche A 

 

																									
	 	  	Applicable Type	 	  	Applicable Rating (% per annum)	 
	  	BBB/Baa2
or better	 	 	BBB-/Baa3	 	 	BB+ /Ba1	 	 	BB/Ba2	 	 	BB-/Ba3
or lower	 
	 Applicable Margin
	  	 
	Eurocurrency
Rate Loans	 
 	  	 	0.900	% 	 	 	1.100	% 	 	 	1.350	% 	 	 	1.600	% 	 	 	1.900	% 
	  	 

	Alternate
Base Rate
Loans	 
 
 	  	 	0.000	% 	 	 	0.100	% 	 	 	0.350	% 	 	 	0.600	% 	 	 	0.900	% 
	 Applicable Commitment Fee
	  				  	 	0.225	% 	 	 	0.275	% 	 	 	0.405	% 	 	 	0.480	% 	 	 	0.570	% 

 Tranche B 
  

																									
	 	  	Applicable Type	 	  	Applicable Rating (% per annum)	 
	  	BBB/
Baa2 or
better	 	 	BBB-/
Baa3	 	 	BB+ /
Ba1	 	 	BB/Ba2	 	 	BB-/Ba3
or lower	 
	 Applicable Margin
	  	 
	Eurocurrency
Rate Loans	 
 	  	 	1.100	% 	 	 	1.300	% 	 	 	1.550	% 	 	 	1.800	% 	 	 	2.100	% 
	  	Alternate
Base Rate
Loans	 	  	0.100%	 	 	0.300%	 	 	0.550%	 	 	0.800%	 	 	1.100%	 
	 Applicable Commitment Fee
	  				  	 	0.275	% 	 	 	0.325	% 	 	 	0.465	% 	 	 	0.540	% 	 	 	0.630	% 

 For purposes of determining the Applicable Margin or Applicable Commitment Fee, as the case may be, (a) if either
Moody’s or S&P does not have in effect a Rating, then the Rating assigned by the other rating agency shall be used, provided that (i) in the event that such Rating is not assigned due to a Default under Section 5.10 or
(ii) neither Moody’s nor S&P have in effect a Rating, the BB-/Ba3 or lower rate shall apply; and (b) in case of a split Rating, the average of the two applicable Ratings will apply. 

 If the relevant Rating assigned by Moody’s or S&P 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. Each change in the Applicable Margin and Applicable Commitment Fee 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 either such rating agency
shall cease to be in the business of rating corporate debt obligations, the Parent and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system (including, in such case, an amendment to replace
Moody’s or S&P, as applicable, with another rating agency) or the unavailability of ratings from such rating agency, and, pending the effectiveness of any such amendment, the Applicable Margin and Applicable Commitment Fee shall be
determined by reference to the rating most recently in effect prior to such change or cessation. 

 Exhibit A. 

Form of Assignment and Assumption 
 Reference is made to
the Senior Unsecured Revolving Credit Agreement dated as of April 8, 2019 (as restated, amended, amended and restated, modified, supplemented and in effect from time to time, the “Credit Agreement”), between Teva Pharmaceutical
Industries Limited, Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical Finance Netherlands III B.V., as Borrowers, the Lenders named therein and Bank of America, N.A., as Administrative Agent
for the Lenders. Terms defined in the Credit Agreement are used herein with the same meanings. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of
this Assignment and Assumption as if set forth herein in full. 
 The Assignor named herein hereby sells and assigns, without recourse, to the Assignee
named herein, and the Assignee hereby purchases and assumes, without recourse, from the Assignor, effective as of the Assignment Date set forth herein the interests set forth herein (the “Assigned Interest”) in the Assignor’s
rights and obligations under the Credit Agreement, including, without limitation, the interests set forth herein in the Commitment of the Assignor on the Assignment Date and Revolving Loans owing to the Assignor which are outstanding on the
Assignment Date (and, to the extent permitted to be assigned under applicable law, including all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any person, whether known or unknown, arising
under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to,
contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned under the Credit Agreement), but excluding accrued interest and fees to and excluding
the Assignment Date. The Assignee hereby acknowledges receipt of a copy of the Credit Agreement. From and after the Assignment Date (i) the Assignee shall be a party to and be bound by the provisions of the Credit Agreement and, to the extent
of the Assigned Interest, have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to the extent of the Assigned Interest, relinquish its rights and be released from its obligations under the Credit Agreement. 

This Assignment and Assumption is being delivered to the Administrative Agent together with (i) any documentation required to be delivered by the
Assignee pursuant to Section 2.15(e) of the Credit Agreement, duly completed and executed by the Assignee, and (ii) if the Assignee is not already a Lender under the Credit Agreement, an Administrative Questionnaire in the form supplied by
the Administrative Agent, duly completed by the Assignee. The [Assignee/Assignor] shall pay the fee payable to the Administrative Agent pursuant to Section 11.05(b) of the Credit Agreement. 

This Assignment and Assumption (and any non-contractual obligations arising out of or in connection with this
Assignment and Assumption) shall be governed by and construed in accordance with the laws of the State of New York. 
 Date of Assignment: 

Legal Name of Assignor: 
 Legal Name of Assignee: 

Assignee’s Address for Notices: 
 Effective Date of
Assignment 
 (“Assignment Date”): 

											
	 Facility
	  	Principal
Assigned	 	  	Amount	 	  	 Percentage Assigned of Tranche/Commitment
(set forth, to at
least 8 decimals, as a percentage
of the Tranche and the aggregate Commitments
of all Lenders thereunder)

	 [Tranche A1 Revolving Commitment]/ [Tranche A2 Revolving Commitment]/ [Tranche A3 Revolving
Commitment]/ [Tranche B Revolving Commitment] Assigned:
	  	US$	 	 	  				  	%
				
	 [Tranche A1 Revolving Loans]/ [Tranche A2 Revolving Loans]/ [Tranche A3 Revolving Loans]/ [Tranche
B Revolving Loans]:
	  				  				  	

 The terms set forth above are hereby agreed to: 

 

			
	[Name of Assignor], as Assignor
		
	By:	 	
                     
                                         
   

		 	Name:
		 	Title:
	
	[Name of Assignee], as Assignee
		
	By:	 	
                     
                                    

		 	Name:
		 	Title:

 WARNING: PLEASE SEEK DUTCH LEGAL ADVICE (I) UNTIL THE COMPETENT AUTHORITY PUBLISHES ITS INTERPRETATION OF THE
TERM “PUBLIC” (AS REFERRED TO IN ARTICLE 4.1(1) OF THE CAPITAL REQUIREMENTS REGULATION (EU/575/2013)), IF ANY AMOUNT LENT TO A DUTCH BORROWER IS TO BE ASSIGNED WHICH IS LESS THAN EUR100,000 (OR ITS EQUIVALENT IN ANOTHER CURRENCY) AND
(II) AS SOON AS THE COMPETENT AUTHORITY PUBLISHES ITS INTERPRETATION OF THE TERM “PUBLIC”, IF THE NEW LENDER IS CONSIDERED TO BE PART OF THE PUBLIC ON THE BASIS OF THAT INTERPRETATION. 

 The undersigned hereby consent to the within assignment: 

 

							
		 	[Teva Pharmaceutical Industries Limited]2	 		  	Bank of America, N.A.,
		 	as Administrative Agent	 		  	
				
	By:	 	  
	 	By:	  	  

		 	Name:	 		  	Name:
		 	Title:	 		  	Title:
				
	By:	 	  
	 		  	
		 	Name:	 		  	
		 	Title:	 		  	

 WARNING: PLEASE SEEK DUTCH LEGAL ADVICE (I) UNTIL THE COMPETENT AUTHORITY PUBLISHES ITS INTERPRETATION OF THE TERM
“PUBLIC” (AS REFERRED TO IN ARTICLE 4.1(1) OF THE CAPITAL REQUIREMENTS REGULATION (EU/575/2013)), IF ANY AMOUNT LENT TO A DUTCH BORROWER IS TO BE ASSIGNED WHICH IS LESS THAN EUR100,000 (OR ITS EQUIVALENT IN ANOTHER CURRENCY) AND
(II) AS SOON AS THE COMPETENT AUTHORITY PUBLISHES ITS INTERPRETATION OF THE TERM “PUBLIC”, IF THE NEW LENDER IS CONSIDERED TO BE PART OF THE PUBLIC ON THE BASIS OF THAT INTERPRETATION. 

 
  

2 To the extent Parent consent is required under the Credit Agreement in connection with such Assignment.

 ANNEX 1 to Assignment and Assumption 

TEVA PHARMACEUTICAL INDUSTRIES LIMITED 
 SENIOR
UNSECURED REVOLVING CREDIT AGREEMENT 
 STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
  

	1.	 Representations and Warranties. 

 

	1.1	 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial
owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this
Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents, (iii) the financial condition of any of the Loan Parties, any of their Subsidiaries or Affiliates or any
other person obligated in respect of any Loan Document or (iv) the performance or observance by any Loan Party, any of their Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.

  

	1.2	 Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority,
and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible
Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and after the Assignment Date, it shall be bound by the provisions of the Credit Agreement as a Lender
thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or
the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type and (v) it has received a copy of the Credit Agreement, together with copies of the most recent financial
statements referred to in Section 3.04(a) of the Credit Agreement or delivered pursuant to Section 5.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender; and
(b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations that by the terms of the Loan Documents are required to be performed by it as a Lender and
(vi) [that it is a Swiss Qualifying Bank and will act directly as a Lender with respect to its Loans and Commitment] [hereby informs the Parent and the Administrative Agent that it is unable to represent that it is a Swiss Qualifying Bank]3. 

  

	2.	 Payments. From and after the Assignment Date, the Administrative Agent shall make all payments in
respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts that have accrued to but excluding the 

 
  

	3 	 See Section 11.05 (including 11.05(g)) with respect to restrictions on transfer.

	 	
Assignment Date and to the Assignee for amounts that have accrued from and after the Assignment Date. 

  

	3.	 General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of,
the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of
this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption (and any non-contractual
obligations arising out of or in connection with this Assignment and Assumption) shall be construed in accordance with and governed by, the law of the State of New York without regard to conflicts of principles of law that would require the
application of the laws of another jurisdiction. 

 Exhibit B. 

Part A—Form of Loan Notice 
 Dated
[•] 
 Bank of America, N.A. 
 as Administrative Agent

 GATEWAY VILLAGE-900 BUILDING 

900 W TRADE ST 
 CHARLOTTE, NC, 28255-0001 

Attention: David Tischler 
 Ladies and Gentlemen: 

This Loan Notice is delivered to you by
                         (the “Borrower”), under Section 2.03 of the Senior Unsecured Revolving Credit
Agreement dated as of April 8, 2019 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), by and between Teva Pharmaceutical Industries Limited, Teva
Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical Finance Netherlands III B.V., as Borrowers, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent. 

 

	1.	 The name and jurisdiction of the applicable Borrower are
                     and                      ,
respectively. 

  

	2.	 The Borrower hereby requests that the Lenders make a Loan or Loans in the aggregate principal amount of US$/EUR
                    (the “Loan” or the “Loans”).4

  

	3.	 The Borrower hereby requests that the Loan or Loans be made on the following Business Day:5 

  

	4.	 The Borrower hereby requests that the Loan or Loans be of the Tranche and Type and have the Interest Period set
forth below: 

  

											
	 Currency of Loan
	  	 Type of Loan
	  	 Tranche
	  	 Principal
Component
of Loan
	  	 Interest
Period

(if applicable)
	  	 Maturity
Date for
Interest
Period

(if applicable)

  

	5.	 The Borrower hereby requests that the funds from the Loan or Loans be disbursed to the following bank account:
                     which is located in
                     (in compliance with Section 2.04 of the Credit Agreement). 

 

	6.	 After giving effect to any requested Loan, the sum of the Credit Exposures under the applicable Tranche
(including the requested Loans under the applicable Tranche) does not exceed the maximum amount permitted to be outstanding pursuant to the terms of the Credit Agreement. 

 

	4 	 Complete with an amount in accordance with Section 2.03 of the Credit Agreement. 

	5 	 Complete with a Business Day in accordance with Section 2.03 of the Credit Agreement.

	7.	 All of the conditions applicable to the Loans requested herein as set forth in Sections 4.01 and 4.02 of the
Credit Agreement are satisfied in full as of the date hereof. 

  

	8.	 All capitalized undefined terms used herein have the meanings assigned thereto in the Credit Agreement.

 IN WITNESS WHEREOF, the undersigned have executed this Loan Notice this 

                     day of
                                         . 

 

			
	[                    ]
	By:	 	  

		 	Name:
		 	Title:

 Part B - Form of Swingline Loan Notice 

Dated [•] 
 Bank of America, N.A. 

as Administrative Agent 
 GATEWAY
VILLAGE-900 BUILDING 
 900 W TRADE ST 

CHARLOTTE, NC, 28255-0001 
 Attention: David Tischler 

Ladies and Gentlemen: 
 This Swingline Loan Notice is delivered
to you by                      (the “Borrower”), under Section 2.03 of the Senior Unsecured Revolving Credit Agreement dated as
of April 8, 2019 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), by and between Teva Pharmaceutical Industries Limited, Teva Pharmaceuticals
USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical Finance Netherlands III B.V., as Borrowers, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent. 

 

	1.	 The name and jurisdiction of the applicable Borrower are
                     and                     ,
respectively. 

  

	2.	 The Borrower hereby requests that the Swingline Lender make a Swingline Loan in the aggregate principal amount
of US$                      (the “Swingline Loan”).6 

 

	3.	 The Borrower hereby requests that the Swingline Loan be made on the following Business Day:7 

  

	4.	 The Borrower hereby requests that the Swingline Loan be under Tranche [A/B]. 

 

	5.	 The Borrower hereby requests that the funds from the Swingline Loan be disbursed to the following bank account:
                     which is located in the United States. 

 

	6.	 After giving effect to any requested Swingline Loan (i) the aggregate principal amount of outstanding
Swingline Loans under Tranche [A/B] will not exceed the Swingline Sub-limit in respect of Tranche [A/B] and (ii) the sum of the total Credit Exposures under Tranche [A/B] will not exceed the total
Revolving Commitments in respect of Tranche [A/B]. 

  

	7.	 All of the conditions applicable to the Swingline Loan requested herein as set forth in Sections 4.01 and 4.02
of the Credit Agreement are satisfied in full as of the date hereof. 

  

	8.	 All capitalized undefined terms used herein have the meanings assigned thereto in the Credit Agreement.

 IN WITNESS WHEREOF, the undersigned have executed this Swingline Loan Notice this 

                     day of
                    . 
  

			
	[ ]	 	
	By:	 	  

		 	Name:
		 	Title:

  
  

	6 	 Complete with an amount in accordance with Section 2.18(b) of the Credit Agreement. 

	7 	 Complete with a Business Day in accordance with Section 2.18(b) of the Credit Agreement.

 Part C - Form of Notice of Loan Prepayment 

Dated [•] 
 [•] 

as [Administrative Agent/Swingline Lender] 
 [•] 

Attention: [•] 
 Ladies and Gentlemen: 

This Notice of Loan Prepayment is delivered to you by
                     (the “Borrower”), under Section 2.08 of the Senior Unsecured Revolving Credit Agreement dated as of
April 8, 2019 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), by and between Teva Pharmaceutical Industries Limited, Teva Pharmaceuticals
USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical Finance Netherlands III B.V., as Borrowers, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent. 

The Borrower hereby irrevocably notifies the [Administrative Agent/Swingline Lender] that on
                     , 20        , pursuant to Section 2.08 of the Credit Agreement, the Borrower
intends to prepay/repay the following [Loans/Swingline Loans] as more specifically set forth below8: 
  

											
	 Currency of Loan
	  	 Type of Loan
	  	 Tranche
	  	 Principal
Component
of Loan
	  	 Interest
Period

(if
applicable)
	  	 Maturity
Date for
Interest
Period

(if
applicable)

 [This
Notice of Loan Prepayment is conditioned upon [•].]9 
 IN WITNESS WHEREOF, the undersigned have
executed this Notice of Loan Prepayment this 

                     day of
                    . 

			
	[                    ]
	By:	 	  

		 	Name:
		 	Title:

  

	8 	 Each partial prepayment of any Loan shall be in an amount that is an integral multiple of US$5,000,000 and not
less than US$10,000,000 (or, in the case of an Alternate Currency Loan partial prepayment, the Euro Equivalent thereof). 

	9 	 Pursuant to Section 2.08(b), a notice of voluntary prepayment may be conditioned upon the effectiveness of
other credit facilities or another event, in which case such notice may be revoked by the Parent (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. 

  
 159 

 Exhibit C. 

Form of Interest Election Request 
 Dated ________ 

Bank of America, N.A. 
 as Administrative Agent 

GATEWAY VILLAGE-900 BUILDING 

900 W TRADE ST 
 CHARLOTTE, NC, 28255-0001 

Attention: David Tischler 
 Ladies and Gentlemen: 

This irrevocable Interest Election Request (the “Request”) is delivered to you under Section 2.05 of the Senior Unsecured Revolving
Credit Agreement dated as of April 8, 2019 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), by and between Teva Pharmaceutical Industries Limited, Teva
Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical Finance Netherlands III B.V. (the “Borrowers”), the Lenders party thereto (the “Lenders”), and Bank of America,
N.A., as Administrative Agent. 
  

	1.	 This Interest Election Request is submitted for the purpose of: 

 

	 	(a)	 [Continuing a Revolving Loan as a Eurocurrency Loan under [Tranche A]/ [Tranche B]][Converting a Revolving Loan
constituting an ABR Loan into a Eurocurrency Loan under [Tranche A]/ [Tranche B]]. 

  

	 	(b)	 The aggregate outstanding principal balance of such Revolving Loan is US$/EUR
                    . 

  

	 	(c)	 [The last day of the current Interest Period for such Revolving Loan is [•].10] 

  

	 	(d)	 The principal amount of such Revolving Loan to be [continued][converted] is US$/EUR
                    .11 

 

	 	(e)	 The requested effective date of the [continuation][conversion] of such Revolving Loan is
                    .12 

 

	 	(f)	 The requested Interest Period applicable to the [continued][converted] Revolving Loan is
                    .13 

 

	2.	 No Event of Default under Sections 7.01(a), (b), (g), (h) or (i) exists, and none will exist upon the
[continuation] [conversion] of the Revolving Loan requested herein. 

  

	3.	 All capitalized undefined terms used herein have the meanings assigned thereto in the Credit Agreement.

 IN WITNESS WHEREOF, the undersigned has executed this Interest Election Request this [•] day of [•], [•]. 

 

	10 	 Insert applicable date for any Eurocurrency Loan being continued. 

	11 	 Complete with an amount in compliance with Section 2.05 of the Credit Agreement. 

	12 	 Complete with a Business Day in compliance with Section 2.05 of the Credit Agreement.

	13 	 Complete for each Eurocurrency Loan in compliance with the definition of the term “Interest Period”
specified in Section 1.01. 

  

 
			
	[•]	 	
		
	By:	 	  

		 	Name:
		 	Title:

 Exhibit D. 

Form of Compliance Certificate 
 The undersigned hereby
certifies that he is the                      of TEVA PHARMACEUTICAL INDUSTRIES LIMITED (the “Parent”), and that as such he is
authorized to execute this certificate on behalf of the Parent. With reference to the Senior Unsecured Revolving Credit Agreement dated as of April 8, 2019 (as amended, restated, extended, supplemented or otherwise modified in writing from time
to time, the “Credit Agreement”), between Teva Pharmaceutical Industries Limited, Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands III B.V. and Teva Pharmaceutical Finance Netherlands III B.V., as
Borrowers, and Bank of America, N.A., as Administrative Agent (the “Administrative Agent”) for the lenders (the “Lenders”), which are or become a party thereto, and such Lenders, the undersigned represents and
warrants as follows (each capitalized term used herein having the same meaning given to it in the Agreement unless otherwise specified); 
  

	(a)	 [There currently does not exist any Default or Event of Default under the Agreement.] [Attached hereto is a
schedule specifying the details of [a] certain Default[s] [Event[s] of Default] which exist under the Agreement and the action taken or proposed to be taken with respect thereto.] 

 

	(b)	 Attached hereto are the detailed computations necessary to determine whether the Parent is in compliance with
Section 6.04 of the Credit Agreement as of the end of the [fiscal quarter][fiscal year] ending                     . 

EXECUTED AND DELIVERED this                      day of
                    , 20                . 

 

			
	TEVA PHARMACEUTICAL INDUSTRIES LIMITED
		
	By:	 	  

		 	Name:
		 	Title:

 Exhibit E. 

Form of Revolving Loan Note 
  

			
	US$/Euro                    	  	                    , 20        

                      (the
“Borrower”), for value received, promises and agrees to pay to [                    ] (such [Tranche A1]/ [Tranche A2]/ [Tranche
A3]/ [Tranche B] Lender, the “Lender”), or order, at the payment office of Bank of America, N.A., as Administrative Agent, the principal sum of
[                    ] AND NO/100 [DOLLARS
(US$[                ])][[                ] Euros
([                ])] or such lesser amount as shall equal the aggregate unpaid principal amount of the [Tranche A1]/ [Tranche A2]/ [Tranche A3]/ [Tranche B] Loans owed
to the Lender under the Credit Agreement, as hereafter defined, [in lawful money of the United States of America and] in immediately available funds, on the dates and in the principal amounts provided in the Credit Agreement, and to pay interest on
the unpaid principal amount as provided in the Credit Agreement for such [Tranche A1]/ [Tranche A2]/ [Tranche A3]/ [Tranche B] Loans, at such office, in like money and funds, for the period commencing on the date of each such [Tranche A1]/ [Tranche
A2]/ [Tranche A3]/ [Tranche B] Loan until such [Tranche A1]/ [Tranche A2]/ [Tranche A3]/ [Tranche B] Loan shall be paid in full, at the rates per annum and on the dates provided in the Credit Agreement. 

This note evidences the [Tranche A1]/ [Tranche A2]/ [Tranche A3]/ [Tranche B] Loans owed to the Lender under that certain Senior Unsecured Revolving Credit
Agreement dated as of April 8, 2019, by and between Teva Pharmaceutical Industries Limited, Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical Finance Netherlands III B.V., as Borrowers,
Bank of America, N.A., as Administrative Agent, individually, and the other financial institutions parties thereto (including the Lender) (such Senior Unsecured Revolving Credit Agreement, together with all amendments or supplements thereto, being
the “Credit Agreement”), and shall be governed by the Credit Agreement. Capitalized terms used in this note and not defined in this note, but which are defined in the Credit Agreement, have the respective meanings herein as are
assigned to them in the Credit Agreement. 
 The Lender is hereby authorized by the Borrower to endorse on Schedule A (or a continuation thereof)
attached to this note, the currency of each Loan owed to the Lender, the amount and date of each payment or prepayment of principal of each [Tranche A1]/ [Tranche A2]/ [Tranche A3]/ [Tranche B] Loan received by the Lender and the Interest Periods
and interest rates applicable to each [Tranche A1]/ [Tranche A2]/ [Tranche A3]/ [Tranche B] Loan, provided that any failure by the Lender to make any such endorsement shall not affect the obligations of the Borrower under the Credit Agreement or
under this note in respect of such [Tranche A1]/ [Tranche A2]/ [Tranche A3]/ [Tranche B] Loans. 
 This note may be held by the Lender for the account of
its applicable Lending Office and, except as otherwise provided in the Credit Agreement, may be transferred from one Lending Office of the Lender to another Lending Office of the Lender from time to time as the Lender may determine. 

Except only for any notices which are specifically required by the Credit Agreement, the Borrower and any and all
co-makers, endorsers, guarantors and sureties severally waive notice (including but not limited to notice of intent to accelerate and notice of acceleration, notice of protest and notice of dishonor), demand,
presentment for payment, protest, diligence in collecting and the filing of suit for the purpose of fixing liability, and consent that the time of payment hereof may be extended and re-extended from time to
time without notice to any of them. Each such person agrees that its liability on or with respect to this note shall not be affected by any release of or change in any guaranty or security at any time existing or by any failure to perfect or
maintain perfection of any lien against or security interest in any such security or the partial or complete unenforceability of any guaranty or other surety obligation, in each case in whole or in part, with or without notice and before or after
maturity. 

 The Credit Agreement provides for the acceleration of the maturity of this note upon the occurrence of
certain events and for prepayment of [Tranche A1]/ [Tranche A2]/ [Tranche A3]/ [Tranche B] Loans upon the terms and conditions specified therein. Reference is made to the Credit Agreement for all other pertinent purposes. 

This note is issued pursuant to and is entitled to the benefits of the Credit Agreement. 

THIS NOTE (AND ANY
NON-CONTRACTUAL OBLIGATIONS ARISING OUT OF OR IN CONNECTION
WITH THIS NOTE) SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED
BY THE LAW OF THE STATE OF NEW YORK AND THE UNITED
STATES OF AMERICA FROM TIME TO TIME IN EFFECT. 

 

			
	[                    ]
		
	By:	 	  

		 	Name:
		 	Title:

 Schedule A to Revolving Loan Note 

This note evidences the [Tranche A1]/ [Tranche A2]/ [Tranche A3]/ [Tranche B] Loans owed to the Lender under the Credit Agreement, in the principal amount set
forth below and the applicable Interest Periods and rates for each such [Tranche A1]/ [Tranche A2]/ [Tranche A3]/ [Tranche B] Loan, subject to the payments of principal set forth below: 

Schedule of Revolving Loans and Payments of Principal And Interest 
  

															
	 Date
	  	 Interest Period
	  	 Rate
	  	
Principal
Amount of
[Tranche A1]/
[Tranche A2]/
[Tranche A3]/
[Tranche B]
Loan
	  	 Amount of
Principal
Paid or
Prepaid
	  	 Interest
Paid
	  	
Balance of
[Tranche A1]/
[Tranche A2]/
[Tranche A3]/
[Tranche B]
Loans
	  	 Notation
Made by

 Exhibit F. 

Form of Swingline Loan Note 
  

			
	US$.                    	  	                    , 20        

                      (the
“Borrower”), for value received, promises and agrees to pay to [Bank of America, N.A.] (the “Swingline Lender” or “Lender”), or order, at the payment office of Bank of America, N.A., as
Administrative Agent, the principal sum of                      AND NO/100 DOLLARS (US$
                    ), or such lesser amount as shall equal the aggregate unpaid principal amount of the Swingline Loans owed to the Lender under the
Credit Agreement, as hereafter defined, in lawful money of the United States of America and in immediately available funds, on the dates and in the principal amounts provided in the Credit Agreement, and to pay interest on the unpaid principal
amount as provided in the Credit Agreement for such Swingline Loans, at such office, in like money and funds, for the period commencing on the date of each such Swingline Loan until such Swingline Loan shall be paid in full, at the rates per annum
and on the dates provided in the Credit Agreement. 
 This note evidences the Swingline Loans owed to the Lender under that certain Senior Unsecured
Revolving Credit Agreement dated as of April 8, 2019, by and between Teva Pharmaceutical Industries Limited, Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical Finance Netherlands III
B.V., as Borrowers, and Bank of America, N.A., individually, as Administrative Agent, and the other financial institutions parties thereto (including the Lender) (such Senior Unsecured Revolving Credit Agreement, together with all amendments or
supplements thereto, being the “Credit Agreement”), and shall be governed by the Credit Agreement. Capitalized terms used in this note and not defined in this note, but which are defined in the Credit Agreement, have the respective
meanings herein as are assigned to them in the Credit Agreement. 
 The Lender is hereby authorized by the Borrower to endorse on Schedule A (or a
continuation thereof) attached to this note, the amount and date of each payment or prepayment of principal of each Swingline Loan received by the Lender and the interest rates applicable to each Swingline Loan, provided that any failure by the
Lender to make any such endorsement shall not affect the obligations of the Borrower under the Credit Agreement or under this note in respect of such Swingline Loans. 

This note may be held by the Lender for the account of its applicable Lending Office and, except as otherwise provided in the Credit Agreement, may be
transferred from one Lending Office of the Lender to another Lending Office of the Lender from time to time as the Lender may determine. 
 Except only for
any notices which are specifically required by the Credit Agreement, the Borrower and any and all co-makers, endorsers, guarantors and sureties severally waive notice (including but not limited to notice of
intent to accelerate and notice of acceleration, notice of protest and notice of dishonor), demand, presentment for payment, protest, diligence in collecting and the filing of suit for the purpose of fixing liability, and consent that the time of
payment hereof may be extended and re-extended from time to time without notice to any of them. Each such person agrees that its liability on or with respect to this note shall not be affected by any release
of or change in any guaranty or security at any time existing or by any failure to perfect or maintain perfection of any lien against or security interest in any such security or the partial or complete unenforceability of any guaranty or other
surety obligation, in each case in whole or in part, with or without notice and before or after maturity. 
 The Credit Agreement provides for the
acceleration of the maturity of this note upon the occurrence of certain events and for prepayment of Swingline Loans upon the terms and conditions specified therein. Reference is made to the Credit Agreement for all other pertinent purposes. 

This note is issued pursuant to and is entitled to the benefits of the Credit Agreement. 

 THIS NOTE (AND ANY NON-CONTRACTUAL OBLIGATIONS ARISING OUT OF OR IN
CONNECTION WITH THIS NOTE) SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK AND THE UNITED STATES OF AMERICA FROM TIME TO TIME IN EFFECT. 

 

			
	[                    ]
		
	By:	 	  

		 	Name:
		 	Title:

 Schedule A to Swingline Loan Note 

This note evidences the Swingline Loans owed to the Swingline Lender under the Senior Unsecured Revolving Credit Agreement, in the principal amount set forth
below and the applicable rates for each such Swingline Loan, subject to the payments of principal set forth below: 
 Schedule of Swingline Loans and
Payments of Principal and Interest 
  

													
	 Date
	  	 Rate
	  	 Principal

Amount of
 [Tranche A1]/

[Tranche A2]/
 [Tranche A3]/

[Tranche B]
 Swingline

Loan
	  	 Amount of
Principal
Paid or
Prepaid
	  	 Interest
Paid
	  	 Balance
of
[Tranche A1]/
[Tranche A2]/
[Tranche A3]/
[Tranche B]
Swingline
Loans
	  	 Notation
Made by

 Exhibit G. 

Form of Solvency Certificate 
  

			
	Date: [                ], [    ]	  	

 This Solvency Certificate is delivered pursuant to Section [    ] of the Senior Unsecured Revolving
Credit Agreement dated as of April 8, 2019 (as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), between Teva Pharmaceutical Industries
Limited, Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical Finance Netherlands III B.V., as Borrowers, the Lenders party thereto from time to time, Bank of America, N.A., as administrative
agent, and certain other parties thereto. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. For the purposes hereof, “Closing Date” refers to the Signing
Date under the Credit Agreement. 
 The undersigned Chief Financial Officer of the Parent hereby certifies, solely in his capacity as an officer of the
Parent and not individually, to the best of his knowledge, that he is of the opinion as follows: 
  

	1.	 On the date hereof, immediately after giving effect to the Transactions to occur on the Closing Date, including
the making of the Loan to be made on the Closing Date and the application of the proceeds thereof, the fair value of the assets of the Parent and its Subsidiaries, on a consolidated basis, at a fair valuation, will exceed their debts and
liabilities, subordinated, contingent or otherwise. 

  

	2.	 On the date hereof, immediately after giving effect to the Transactions to occur on the Closing Date, including
the making of the Loan to be made on the Closing Date and the application of the proceeds thereof, the present fair saleable value of the property of the Parent and its Subsidiaries, on a consolidated basis, will be greater than the amount that will
be required to pay the probable liabilities on their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured. 

 

	3.	 On the date hereof, immediately after giving effect to the Transactions to occur on the Closing Date, including
the making of the Loan to be made on the Closing Date and the application of the proceeds thereof, the Parent and its Subsidiaries, on a consolidated basis, will be able to pay their debts and liabilities, subordinated, contingent or otherwise, as
such debts and liabilities become absolute and matured. 

  

	4.	 On the date hereof, immediately after giving effect to the Transactions to occur on the Closing Date, including
the making of the Loan to be made on the Closing Date and the application of the proceeds thereof, the Parent and its Subsidiaries, on a consolidated basis, will not have an unreasonably small capital with which to conduct the businesses in which
they are engaged as such businesses are now conducted and proposed to be conducted following the date hereof. 

 For purposes of this
Solvency Certificate, the amount of any contingent liability has been computed as the amount that, in light of all of the facts and circumstances existing as of the date hereof, represents the amount that can reasonably be expected to become an
actual or matured liability. For purposes of making the certifications set forth in this Solvency Certificate, it is assumed that the debts and other liabilities incurred under and in connection with the Transactions will come due at their
respective maturities. 

 IN WITNESS WHEREOF, the undersigned has executed this Solvency Certificate on the date first written above.

  

			
	Teva Pharmaceutical Industries Limited
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature page to the Solvency Certificate] 

 Exhibit H. 

Form of LC Request14 

Dated [•] 

[                ], as Issuing Bank 

Ladies and Gentlemen: 
 This LC Request is delivered to you by
                     (the “Borrower”), under Section 2.19 of the Senior Unsecured Revolving Credit Agreement dated as of
April 8, 2019 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), by and between Teva Pharmaceutical Industries Limited, Teva Pharmaceuticals
USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical Finance Netherlands III B.V., as Borrowers, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent. 

 

	1.	 The name of the applicable Borrower requesting the Letter of Credit is
                    . 

  

	2.	 This LC Request requests the Issuing Bank to [issue a “standby” Letter of Credit]/[amend/renew/extend
the following existing “standby” Letter of Credit: [                ]]. 

 

	3.	 The Borrower hereby requests that the date for such [issuance/amendment/renewal/ extension] shall be
[                ] (or if not a Business Day, the next succeeding Business Day). and that the expiration thereof be on
[                ]. 

  

	4.	 The face amount of such Letter of Credit shall be
[US$][Euro][                ]. 

  

	5.	 The Beneficiary of such Letter of Credit shall be: [NAME] [ADDRESS][KYC INFORMATION] and shall be in support of
[DESCRIBE THE NATURE OF THE OBLIGATION/TRANSACTION BEING SUPPORTED AND PROVIDE SPECIFIC DOCUMENTS AND CERTIFICATES TO BE PRESENTED BY BENEFICIARY IN CONNECTION WITH DRAWINGS] 

 

	6.	 Upon the [issuance/amendment/renewal/extension] of such Letter of Credit no Event of Default exists or would
arise therefrom. 

  

	7.	 After giving effect to any requested Letter of Credit hereunder no Letter of Credit limit has been exceeded
pursuant to the terms of the Credit Agreement. 

  

	8.	 All of the conditions applicable to the [issuance/amendment/renewal/extension] of such Letter of Credit
requested herein as set forth in the Credit Agreement will be satisfied on the date of such [issuance/amendment/renewal/extension]. 

  

	9.	 The Borrower acknowledges that prior to any such [issuance/amendment/renewal/extension] of such Letter of
Credit requested hereunder it may also need to provide such other information and documentation and applications as may be requested or required by the Issuing Bank in accordance with Section 2.19 of the Credit Agreement in form and substance
satisfactory to the Issuing Bank. 

  

	10.	 All capitalized undefined terms used herein have the meanings assigned thereto in the Credit Agreement. This LC
Request constitutes a Loan Document under the Credit Agreement. 

  

 

	14 	 Complete in accordance with Section 2.19 of the Credit Agreement. 

 IN WITNESS WHEREOF, the undersigned have executed this LC Request this
                     day of
                    ,            . 

 

			
	[                    ]
		
	By:	 	  

		 	Name:
		 	Title:

 Exhibit I. 

Form of Borrower Accession Notice 
 Date:
[                ], [    ] 
 This Borrower Accession
Notice is delivered pursuant to Section 10.01 of the Senior Unsecured Revolving Credit Agreement dated as of April 8, 2019 (as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”), between Teva Pharmaceutical Industries Limited, Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical Finance Netherlands III B.V., as Borrowers, the Lenders
party thereto from time to time, Bank of America, N.A., as administrative agent, and certain other parties thereto. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit
Agreement. 
 NOW, THEREFORE, the parties hereto agree as follows: 
  

	1.	 Joinder. 

The undersigned Borrower hereby agrees to become party to the Credit Agreement as an Additional Borrower, for all purposes thereof on the terms
set forth therein, and to be bound by the terms, conditions and provisions of the Credit Agreement as fully as if the undersigned had executed and delivered the Credit Agreement as of the date thereof. 

 

	2.	 Agreements. 

The undersigned Borrower hereby agrees, for the enforceable benefit of all existing and future Lenders and the Administrative Agent that: 

 

	 	(a)	 such Borrower is bound by the terms, conditions and provisions of the Credit Agreement; 

 

	 	(b)	 such Borrower shall perform its obligations under the Credit Agreement; 

 

	 	(c)	 on the date of this Borrower Accession Notice, each Loan Party hereto makes each of the representations and
warranties set forth in the Credit Agreement that were given as of the Signing Date (with all references to the Signing Date being references to the date of this Borrower Accession Notice) and confirms that no Default or Event of Default is
continuing or will result from the accession by the Borrower hereunder. 

  

	3.	 Reference to, Ratification of and Effect on the Credit Agreement. 

 

	 	(a)	 On and after the date of this Borrower Accession Notice, each reference in the Credit Agreement to “this
Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended by this Borrower Accession Notice.

  

	 	(b)	 This Borrower Accession Notice is limited as specified herein and the Credit Agreement, as amended hereby,
shall remain in full force and effect and is hereby ratified and confirmed by each party hereto and thereto. In furtherance of the foregoing, each Borrower agrees that the terms of this Borrower Accession Notice and of the Credit Agreement, as
amended and modified hereby, shall not affect in any way its obligations and liabilities under any Loan Document, all of which obligations and liabilities shall remain in full force and effect and each of which is hereby reaffirmed and remains in
full force and effect. 

	4.	 Section Headings. 

Section and subsection headings in this Borrower Accession Notice are included herein for convenience of reference only and shall not
constitute a part of this Borrower Accession Notice for any other purpose or be given any substantive effect. 
  

	5.	 Counterparts. 

This Borrower Accession Notice may be executed in two or more counterparts, each of which shall constitute an original but all of which when
taken together shall constitute one contract. Delivery of an executed counterpart of a signature page of this Borrower Accession Notice or any document or instrument delivered in connection herewith by facsimile or other electronic transmission
(including via “portable document format” or “PDF”) shall be effective as delivery of a manually executed counterpart of this Borrower Accession Notice or such other document or instrument, as applicable. 

 

	6.	 Miscellaneous Provisions. 

The provisions of Article 9 of the Credit Agreement apply with like effect to this Borrower Accession Notice. 

 

	7.	 Governing Law. 

THIS BORROWER ACCESSION NOTICE (AND ANY NON-CONTRACTUAL OBLIGATIONS ARISING OUT OF OR IN CONNECTION WITH THIS BORROWER
ACCESSION NOTICE) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 [Signature Pages
Follow] 

 IN WITNESS WHEREOF, the undersigned has executed this Borrower Accession Notice on the date first written
above. 
  

			
	Teva Pharmaceutical Industries Limited, as Parent
		
	By:	 	  

		 	Name:
		 	Title:
	
	[•] as Borrower
		
	By:	 	  

		 	Name:
		 	Title:
	
	 Bank of America, N.A.,
 as
Administrative Agent

		
	By:	 	  

		 	Name:
		 	Title:

 [Signature page to the Borrower Accession Notice] 

 Exhibit J. 

Forms of Extension Notices 
 Part A—Form of
Extension Request Notice 
 Dated [•] 
 Bank of
America, N.A. 
 as Administrative Agent 
 GATEWAY VILLAGE-900 BUILDING 
 900 W TRADE ST 

CHARLOTTE, NC, 28255-0001 
 Attention: David Tischler 

Ladies and Gentlemen: 
 This Extension Request Notice is
delivered to you by Teva Pharmaceutical Industries Limited (the “Parent”), under Section 2.07(a) of the Senior Unsecured Revolving Credit Agreement dated as of April 8, 2019 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”), by and between the Parent, Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical Finance Netherlands
III B.V., as Borrowers, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent. All capitalized undefined terms used herein have the meanings assigned thereto in the Credit Agreement. 

The Parent hereby requests that the [Tranche A1 Lenders extend the Tranche A1 Maturity Date for an additional 12 months to the Tranche A2 Maturity Date (being
April 8, 2023)]/ [Tranche A2 Lenders extend the Tranche A2 Maturity Date for an additional 12 months to the Tranche A3 Maturity Date (being April 8, 2024)]. 

EXECUTED AND DELIVERED this                  day of
                , 20    . 
  

			
	TEVA PHARMACEUTICAL INDUSTRIES LIMITED
		
	By:	 	  

		 	Name:
		 	Title:

 Part B—Form of Extension Request Acceptance Notice 

Dated [•] 
 Bank of America, N.A. 

as Administrative Agent 
 GATEWAY
VILLAGE-900 BUILDING 
 900 W TRADE ST 

CHARLOTTE, NC, 28255-0001 
 Attention: David Tischler 

Ladies and Gentlemen: 
 This Extension Request Notice is
delivered to you by                     , a [Tranche A1]/[Tranche A2] Lender, under Section 2.07(a) of the Senior Unsecured Revolving Credit
Agreement dated as of April 8, 2019 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), by and between Teva Pharmaceutical Industries Limited, Teva
Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical Finance Netherlands III B.V., as Borrowers, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent. All capitalized
undefined terms used herein have the meanings assigned thereto in the Credit Agreement. 

                     hereby accepts that the [Tranche A1
Maturity Date be extended for an additional 12 months to the Tranche A2 Maturity Date (being April 8, 2023) with regard to the following Tranche A1 Revolving Commitments and Tranche A1 Revolving Loans]/ [Tranche A2 Maturity Date be extended for
an additional 12 months to the Tranche A3 Maturity Date (being April 8, 2024) with regard to the following Tranche A2 Revolving Commitments and Tranche A2 Revolving Loans]: 

 

													
	 Facility
	  	Principal
Extended	 	  	Amount	 	  	Percentage Extended of
Tranche/Commitment (set
forth, to at least 8 decimals,
as a percentage of the
Tranche and the
aggregate
Commitments of all Lenders
thereunder)	 
	 [Tranche A1 Revolving Commitment]/ [Tranche A2 Revolving Commitment]:
	  	US$	 	 	  				  	 	%	 
	 [Tranche A1 Revolving Loans]/ [Tranche A2 Revolving Loans]:
	  	US$	 	 	  				  	 	%	 

 EXECUTED AND DELIVERED this
                     day of                     ,
20    . 
  

			
	[•]	 	
		
	By:	 	  

		 	Name:
		 	Title:

 Exhibit K. 

Forms of U.S. Tax Compliance Certificates 

Part A—Form of U.S. Tax Compliance Certificate 

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of April 8, 2019 (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), by and between Teva Pharmaceutical Industries Limited, Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical
Finance Netherlands III B.V., as Borrowers, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent. 
 Pursuant to
the provisions of Section 2.15 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is
providing this certificate, (ii) it is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a “10-percent shareholder” of any Borrower within
the meaning of Section 881(c)(3)(B) of the Code and (iv) it is not a “controlled foreign corporation” related to any Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Borrowers with a certificate of its
non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E (or an applicable
successor form). By executing this certificate, the undersigned agrees that (1) if the information provided in this certificate changes, the undersigned shall promptly so inform the Borrowers and the Administrative Agent in writing and deliver
promptly to the Borrowers and the Administrative Agent an updated certificate or other appropriate documentation (including any new documentation reasonably requested by the Borrowers or the Administrative Agent) or promptly notify the Borrowers and
the Administrative Agent in writing of its inability to do so, and (2) the undersigned shall have at all times furnished the Borrowers and the Administrative Agent with a properly completed and currently effective certificate in either the
calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
 [NAME OF LENDER] 
  

			
	By:	 	  

	Name:	 	
	Title:	 	
	Date:	 	                    , 20[    ]

 Part B—Form of U.S. Tax Compliance Certificate 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of April 8, 2019 (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), by and between Teva Pharmaceutical Industries Limited, Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical
Finance Netherlands III B.V., as Borrowers, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent. 
 Pursuant to
the provisions of Section 2.15 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a
“bank” within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a “10-percent shareholder” of any Borrower within the meaning of Section 881(c)(3)(B) of the
Code and (iv) it is not a “controlled foreign corporation” related to any Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person
status on IRS Form W-8BEN or IRS Form W-8BEN-E (or an applicable successor form). By executing this certificate, the undersigned
agrees that (1) if the information provided in this certificate changes, the undersigned shall promptly so inform such Lender in writing and deliver promptly to the Borrowers and the Administrative Agent an updated certificate or other
appropriate documentation (including any new documentation reasonably requested by the Borrowers or the Administrative Agent) or promptly notify the Borrowers and the Administrative Agent in writing of its inability to do so, and (2) the
undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years
preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings
given to them in the Credit Agreement. 
 [NAME OF PARTICIPANT] 
  

			
	By:	 	  

	Name:	 	
	Title:	 	
	Date:	 	                    , 20[    ]

 Part C—Form of U.S. Tax Compliance Certificate 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of April 8, 2019 (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), by and between Teva Pharmaceutical Industries Limited, Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical
Finance Netherlands III B.V., as Borrowers, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent. 
 Pursuant to
the provisions of Section 2.15 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect
partners/members are the sole beneficial owners of such participation, (iii) with respect such participation, neither the undersigned nor any of its direct or indirect partners/members that is claiming the portfolio interest exemption is a
“bank” extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members that
is claiming the portfolio interest exemption is a “10-percent shareholder” of any Borrower within the meaning of Section 881(c)(3)(B) of the Code and (v) none of its direct or indirect
partners/members that is claiming the portfolio interest exemption is a “controlled foreign corporation” related to any Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the
following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form
W-8BEN-E (or an applicable successor form) or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E (or an applicable successor form) from each of such partner’s/member’s beneficial owners that is
claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided in this certificate changes, the undersigned shall promptly so inform such Lender in writing and deliver
promptly to the Borrowers and the Administrative Agent an updated certificate or other appropriate documentation (including any new documentation reasonably requested by the Borrowers or the Administrative Agent) or promptly notify the Borrowers and
the Administrative Agent in writing of its inability to do so and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment
is to be made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 [NAME OF PARTICIPANT] 

 

			
	By:	 	  

	Name:	 	
	Title:	 	
	Date:	 	                    , 20[    ]

 Part D—Form of U.S. Tax Compliance Certificate 

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of April 8, 2019 (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), by and between Teva Pharmaceutical Industries Limited, Teva Pharmaceuticals USA, Inc., Teva Pharmaceutical Finance Netherlands II B.V. and Teva Pharmaceutical
Finance Netherlands III B.V., as Borrowers, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent. 
 Pursuant to
the provisions of Section 2.15 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this
certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any
other Loan Document, neither the undersigned nor any of its direct or indirect partners/members that is claiming the portfolio interest exemption is a “bank” extending credit pursuant to a loan agreement entered into in the ordinary course
of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members that is claiming the portfolio interest exemption is a
“10-percent shareholder” of any Borrower within the meaning of Section 881(c)(3)(B) of the Code and (v) none of its direct or indirect partners/members that is claiming the portfolio
interest exemption is a “controlled foreign corporation” related to any Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Borrowers with IRS Form W-8IMY
accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form W-8BEN-E (or an applicable successor form) or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E (or an applicable successor form) from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing
this certificate, the undersigned agrees that (1) if the information provided in this certificate changes, the undersigned shall promptly so inform the Borrowers and the Administrative Agent in writing and deliver promptly to the Borrowers and
the Administrative Agent an updated certificate or other appropriate documentation (including any new documentation reasonably requested by the Borrowers or the Administrative Agent) or promptly notify the Borrowers and the Administrative Agent in
writing of its inability to do so, and (2) the undersigned shall have at all times furnished the Borrowers and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each
payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined
herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 [NAME OF LENDER] 

 

			
	By:	 	  

	Name:	 	
	Title:	 	
	 Date:
	 	                 ,
20[    ]

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