Document:

EX-10.1

 Exhibit 10.1 

EVERCORE PARTNERS INC. 

$38,000,000 4.88% Series A Senior Notes due March 30, 2021 

$67,000,000 5.23% Series B Senior Notes due March 30, 2023 

$48,000,000 5.48% Series C Senior Notes due March 30, 2026 

$17,000,000 5.58% Series D Senior Notes due March 30, 2028 
  

 

NOTE PURCHASE AGREEMENT 

 
  

Dated as of March 30, 2016 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 SECTION 1.
	 	 AUTHORIZATION OF NOTES
	  	 	1	  
			
	 SECTION 2.
	 	 SALE AND PURCHASE OF NOTES; SUBSIDIARY GUARANTIES
	  	 	2	  
			
	 Section 2.1.
	 	 Sale and Purchase of Notes
	  	 	2	  
	 Section 2.2.
	 	 Subsidiary Guaranties
	  	 	2	  
			
	 SECTION 3.
	 	 CLOSING
	  	 	2	  
			
	 SECTION 4.
	 	 CONDITIONS TO CLOSING
	  	 	3	  
			
	 Section 4.1.
	 	 Representations and Warranties
	  	 	3	  
	 Section 4.2.
	 	 Performance; No Default
	  	 	3	  
	 Section 4.3.
	 	 Compliance Certificates
	  	 	3	  
	 Section 4.4.
	 	 Opinions of Counsel
	  	 	4	  
	 Section 4.5.
	 	 Purchase Permitted By Applicable Law, Etc
	  	 	4	  
	 Section 4.6.
	 	 Sale of Other Notes
	  	 	4	  
	 Section 4.7.
	 	 Payment of Special Counsel Fees
	  	 	4	  
	 Section 4.8.
	 	 Private Placement Numbers
	  	 	4	  
	 Section 4.9.
	 	 Changes in Corporate Structure
	  	 	4	  
	 Section 4.10.
	 	 Funding Instructions
	  	 	5	  
	 Section 4.11.
	 	 Subsidiary Guaranties
	  	 	5	  
	 Section 4.12.
	 	 Existing Term Loan Agreement
	  	 	5	  
	 Section 4.13.
	 	 Proceedings and Documents
	  	 	5	  
			
	 SECTION 5.
	 	 REPRESENTATIONS AND WARRANTIES OF THE COMPANY
	  	 	5	  
			
	 Section 5.1.
	 	 Organization; Power and Authority
	  	 	5	  
	 Section 5.2.
	 	 Authorization, Etc
	  	 	6	  
	 Section 5.3.
	 	 Disclosure
	  	 	6	  
	 Section 5.4.
	 	 Organization and Ownership of Shares of Subsidiaries; Affiliates
	  	 	7	  
	 Section 5.5.
	 	 Financial Statements; Material Liabilities
	  	 	7	  
	 Section 5.6.
	 	 Compliance with Laws, Other Instruments, Etc
	  	 	7	  
	 Section 5.7.
	 	 Governmental Authorizations, Etc
	  	 	8	  
	 Section 5.8.
	 	 Litigation; Observance of Agreements, Statutes and Orders
	  	 	8	  
	 Section 5.9.
	 	 Taxes
	  	 	8	  
	 Section 5.10.
	 	 Title to Property; Leases
	  	 	9	  
	 Section 5.11.
	 	 Licenses, Permits, Etc
	  	 	9	  
	 Section 5.12.
	 	 Compliance with ERISA
	  	 	9	  
	 Section 5.13.
	 	 Private Offering by the Company
	  	 	10	  
	 Section 5.14.
	 	 Use of Proceeds; Margin Regulations
	  	 	11	  
	 Section 5.15.
	 	 Existing Indebtedness; Future Liens
	  	 	11	  
	 Section 5.16.
	 	 Foreign Assets Control Regulations, Etc
	  	 	11	  
	 Section 5.17.
	 	 Status under Certain Statutes
	  	 	13	  
	 Section 5.18.
	 	 Environmental Matters
	  	 	13	  

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 SECTION 6.
	 	 REPRESENTATIONS OF THE PURCHASERS
	  	 	14	  
			
	 Section 6.1.
	 	 Purchase for Investment
	  	 	14	  
	 Section 6.2.
	 	 Source of Funds
	  	 	15	  
			
	 SECTION 7.
	 	 INFORMATION AS TO COMPANY
	  	 	17	  
			
	 Section 7.1.
	 	 Financial and Business Information
	  	 	17	  
	 Section 7.2.
	 	 Officer’s Certificate
	  	 	19	  
	 Section 7.3.
	 	 Visitation
	  	 	20	  
	 Section 7.4.
	 	 Electronic Delivery
	  	 	21	  
			
	 SECTION 8.
	 	 PAYMENT AND PREPAYMENT OF THE NOTES
	  	 	22	  
			
	 Section 8.1.
	 	 Maturity
	  	 	22	  
	 Section 8.2.
	 	 Optional Prepayments with Make-Whole Amount
	  	 	22	  
	 Section 8.3.
	 	 Allocation of Partial Prepayments
	  	 	22	  
	 Section 8.4.
	 	 Maturity; Surrender, Etc
	  	 	22	  
	 Section 8.5.
	 	 Purchase of Notes
	  	 	23	  
	 Section 8.6.
	 	 Make-Whole Amount
	  	 	23	  
	 Section 8.7.
	 	 Change of Control Prepayment
	  	 	24	  
	 Section 8.8.
	 	 Disposition of Assets Prepayment
	  	 	25	  
	 Section 8.9.
	 	 Payments Due on Non-Business Days
	  	 	26	  
			
	 SECTION 9.
	 	 AFFIRMATIVE COVENANTS
	  	 	26	  
			
	 Section 9.1.
	 	 Compliance with Laws
	  	 	26	  
	 Section 9.2.
	 	 Insurance
	  	 	27	  
	 Section 9.3.
	 	 Maintenance of Properties
	  	 	27	  
	 Section 9.4.
	 	 Payment of Taxes and Claims
	  	 	27	  
	 Section 9.5.
	 	 Corporate Existence, Etc
	  	 	27	  
	 Section 9.6.
	 	 Books and Records
	  	 	28	  
	 Section 9.7.
	 	 Subsidiary Guarantors
	  	 	28	  
			
	 SECTION 10.
	 	 NEGATIVE COVENANTS
	  	 	29	  
			
	 Section 10.1.
	 	 Transactions with Affiliates
	  	 	29	  
	 Section 10.2.
	 	 Merger, Consolidation, Etc
	  	 	30	  
	 Section 10.3.
	 	 Line of Business
	  	 	31	  
	 Section 10.4.
	 	 Terrorism Sanctions Regulations
	  	 	31	  
	 Section 10.5.
	 	 Liens
	  	 	31	  
	 Section 10.6.
	 	 Subsidiary Indebtedness
	  	 	34	  
	 Section 10.7.
	 	 Disposition of Assets
	  	 	34	  
	 Section 10.8.
	 	 Financial Covenants
	  	 	36	  
			
	 SECTION 11.
	 	 EVENTS OF DEFAULT
	  	 	36	  
			
	 SECTION 12.
	 	 REMEDIES ON DEFAULT, ETC
	  	 	38	  
			
	 Section 12.1.
	 	 Acceleration
	  	 	38	  

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 Section 12.2.
	 	 Other Remedies
	  	 	39	  
	 Section 12.3.
	 	 Rescission
	  	 	39	  
	 Section 12.4.
	 	 No Waivers or Election of Remedies, Expenses, Etc
	  	 	40	  
			
	 SECTION 13.
	 	 REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES
	  	 	40	  
			
	 Section 13.1.
	 	 Registration of Notes
	  	 	40	  
	 Section 13.2.
	 	 Transfer and Exchange of Notes
	  	 	40	  
	 Section 13.3.
	 	 Replacement of Notes
	  	 	41	  
	 Section 13.4.
	 	 Legend
	  	 	41	  
			
	 SECTION 14.
	 	 PAYMENTS ON NOTES
	  	 	41	  
			
	 Section 14.1.
	 	 Place of Payment
	  	 	41	  
	 Section 14.2.
	 	 Home Office Payment
	  	 	42	  
			
	 SECTION 15.
	 	 EXPENSES, ETC
	  	 	42	  
			
	 Section 15.1.
	 	 Transaction Expenses
	  	 	42	  
	 Section 15.2.
	 	 Survival
	  	 	43	  
			
	 SECTION 16.
	 	 SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT
	  	 	43	  
			
	 SECTION 17.
	 	 AMENDMENT AND WAIVER
	  	 	43	  
			
	 Section 17.1.
	 	 Requirements
	  	 	43	  
	 Section 17.2.
	 	 Solicitation of Holders of Notes
	  	 	43	  
	 Section 17.3.
	 	 Binding Effect, etc
	  	 	44	  
	 Section 17.4.
	 	 Notes Held by Company, etc
	  	 	44	  
			
	 SECTION 18.
	 	 NOTICES
	  	 	45	  
			
	 SECTION 19.
	 	 REPRODUCTION OF DOCUMENTS
	  	 	45	  
			
	 SECTION 20.
	 	 CONFIDENTIAL INFORMATION
	  	 	46	  
			
	 SECTION 21.
	 	 SUBSTITUTION OF PURCHASER
	  	 	47	  
			
	 SECTION 22.
	 	 MISCELLANEOUS
	  	 	47	  
			
	 Section 22.1.
	 	 Successors and Assigns
	  	 	47	  
	 Section 22.2.
	 	 Accounting Terms
	  	 	47	  
	 Section 22.3.
	 	 Severability
	  	 	49	  
	 Section 22.4.
	 	 Construction, etc
	  	 	49	  
	 Section 22.5.
	 	 Counterparts
	  	 	49	  
	 Section 22.6.
	 	 Governing Law
	  	 	49	  
	 Section 22.7.
	 	 Jurisdiction and Process; Waiver of Jury Trial
	  	 	50	  

  
 -iii- 

 TABLE OF CONTENTS 

(continued) 
  

					
	 SCHEDULE A
	 	—	    	 DEFINED TERMS

			
	 SCHEDULE 1(a)
	 	—	    	 FORM OF SERIES A NOTE

			
	 SCHEDULE 1(b)
	 	—	    	 FORM OF SERIES B NOTE

			
	 SCHEDULE 1(c)
	 	—	    	 FORM OF SERIES C NOTE

			
	 SCHEDULE 1(d)
	 	—	    	 FORM OF SERIES D NOTE

			
	 SCHEDULE 2.2
	 	—	    	 FORM OF SUBSIDIARY GUARANTY

			
	 SCHEDULE 4.4(a)
	 	—	    	 FORM OF OPINION OF SPECIAL COUNSEL
FOR THE COMPANY AND THE ORIGINAL SUBSIDIARY GUARANTORS

			
	 SCHEDULE 4.4(b)
	 	—	    	 FORM OF OPINION OF SPECIAL COUNSEL
FOR THE PURCHASERS

			
	 SCHEDULE 5.3
	 	—	    	 DISCLOSURE MATERIALS

			
	 SCHEDULE 5.4
	 	—	    	 SUBSIDIARIES OF THE COMPANY AND OWNERSHIP
OF SUBSIDIARY STOCK

			
	 SCHEDULE 5.5
	 	—	    	 FINANCIAL STATEMENTS

			
	 SCHEDULE 5.15
	 	—	    	 EXISTING INDEBTEDNESS

			
	 SCHEDULE 10.5
	 	—	    	 EXISTING LIENS

			
	 SCHEDULE B
	 	—	    	 INFORMATION RELATING TO PURCHASERS

  
 -iv- 

 Evercore Partners Inc. 

55 E 52nd Street 
 New York, New
York 10055 
 4.88% Series A Senior Notes due March 30, 2021 

5.23% Series B Senior Notes due March 30, 2023 

5.48% Series C Senior Notes due March 30, 2026 

5.58% Series D Senior Notes due March 30, 2028 

As of March 30, 2016 
 TO
EACH OF THE PURCHASERS LISTED IN 

SCHEDULE B HERETO: 

Ladies and Gentlemen: 
 Evercore Partners Inc.,
a Delaware corporation (together with any successor thereto that becomes a party hereto pursuant to Section 10.2, the “Company”), agrees with each of the Purchasers as follows: 

SECTION 1. AUTHORIZATION OF NOTES. 
 The
Company will authorize the issue and sale of: 
 (a) $38,000,000 aggregate principal amount of its 4.88% Series A Senior
Notes due March 30, 2021 (as amended, restated or otherwise modified from time to time pursuant to Section 17 and including any such notes issued in substitution therefor pursuant to Section 13, the “Series A Notes”), 

(b) $67,000,000 aggregate principal amount of its 5.23% Series B Senior Notes due March 30, 2023 (as amended, restated or
otherwise modified from time to time pursuant to Section 17 and including any such notes issued in substitution therefor pursuant to Section 13, the “Series B Notes”), 

(c) $48,000,000 aggregate principal amount of its 5.48% Series C Senior Notes due March 30, 2026 (as amended, restated or
otherwise modified from time to time pursuant to Section 17 and including any such notes issued in substitution therefor pursuant to Section 13, the “Series C Notes”), and 

(d) $17,000,000 aggregate principal amount of its 5.58% Series D Senior Notes due March 30, 2028 (as amended, restated or
otherwise modified from time to time pursuant to Section 17 and including any such notes issued in substitution therefor pursuant to Section 13, the “Series D Notes”). 

 The Series A Notes, the Series B Notes, the Series C Notes and the Series D Notes are referred to herein,
collectively, as the “Notes”. The Series A Notes, the Series B Notes, the Series C Notes and the Series D Notes shall be substantially in the forms set out in Schedule 1(a), Schedule 1(b), Schedule 1(c) and Schedule 1(d),
respectively. Certain capitalized and other terms used in this Agreement are defined in Schedule B. References to a “Schedule” are references to a Schedule attached to this Agreement unless otherwise specified. References to a
“Section” are references to a Section of this Agreement unless otherwise specified. 
 SECTION 2. SALE AND PURCHASE OF NOTES; SUBSIDIARY
GUARANTIES. 
 Section 2.1. Sale and Purchase of Notes. 

Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from
the Company, at the Closing provided for in Section 3, Notes in the principal amount and of the Series specified opposite such Purchaser’s name in Schedule B at the purchase price of 100% of the principal amount thereof. The
Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder. 

Section 2.2. Subsidiary Guaranties. 

Payment by the Company of all amounts due with respect to the Notes and performance by the Company of its obligations under this Agreement will
also be guaranteed by the Original Subsidiary Guarantors and, on the date specified in Section 9.7, Evercore East, and may, from time to time, be guaranteed by other direct or indirect Subsidiaries of the Company, in each case pursuant to a guaranty
agreement substantially in the form of Schedule 2.2 or such other form as is in form and substance reasonably satisfactory to the Required Holders (each, as amended, restated or otherwise modified from time to time, a “Subsidiary
Guaranty”). 
 SECTION 3. CLOSING. 

The sale and purchase of the Notes to be purchased by each Purchaser shall occur at the offices of Morgan, Lewis & Bockius LLP, 101 Park
Avenue, New York, New York 10178-0060, at 9:00 a.m., New York City local time, at a closing (the “Closing”) on March 30, 2016 or on such other Business Day thereafter on or prior to April 5, 2016 as may be agreed upon by the Company
and the Purchasers. At the Closing the Company will deliver to each Purchaser the Notes of each Series to be purchased by such Purchaser in the form of a single Note for each Series to be purchased (or such greater number of Notes in denominations
of at least $100,000 as such Purchaser may request) dated the date of the Closing and registered in such Purchaser’s name (or in the name of its nominee), against delivery by such Purchaser to the Company or its order of immediately available
funds in the amount of the purchase price therefor by wire transfer of immediately available funds for the account of the Company to
[                    ]. If at the Closing the Company shall fail to tender such Notes to any Purchaser as provided above in this Section 3, or
any of the conditions specified in Section 4 shall not have been fulfilled to such Purchaser’s satisfaction, such Purchaser shall, at its election, be relieved of all further obligations under this Agreement, without thereby waiving any
rights such Purchaser may have by reason of any of the conditions specified in Section 4 not having been fulfilled to such Purchaser’s satisfaction or such failure by the Company to tender such Notes. 

  
 2 

 SECTION 4. CONDITIONS TO CLOSING. 

Each Purchaser’s obligation to purchase and pay for the Notes to be sold to such Purchaser at the Closing is subject to the fulfillment to
such Purchaser’s satisfaction, prior to or at the Closing, of the following conditions: 
 Section 4.1. Representations and
Warranties. 
 (a) The representations and warranties of the Company in this Agreement shall be correct when made and at
the Closing. 
 (b) The representations and warranties of the Original Subsidiary Guarantors in their respective Subsidiary
Guaranties shall be correct when made and at the Closing. 
 Section 4.2. Performance; No Default. 

(a) The Company shall have performed and complied with all agreements and conditions contained in this Agreement required to be
performed or complied with by it prior to or at the Closing. Before and after giving effect to the issue and sale of the Notes (and the application of the proceeds thereof as contemplated by Section 5.14), no Default or Event of Default shall have
occurred and be continuing. Neither the Company nor any Subsidiary shall have entered into any transaction since the date of the Memorandum that would have been prohibited by Section 10 had such Section applied since such date. 

(b) Each Original Subsidiary Guarantor shall have performed and complied with all agreements and conditions contained in its
Subsidiary Guaranty required to be performed or complied with by it prior to or at the Closing. 
 Section 4.3. Compliance
Certificates. 
 (a) Officer’s Certificate. The Company shall have delivered to such Purchaser an
Officer’s Certificate, dated the date of the Closing, certifying that the conditions specified in Sections 4.1, 4.2 and 4.9 have been fulfilled. 

(b) Secretary’s Certificates. 

(i) The Company shall have delivered to such Purchaser a certificate of its Secretary or Assistant Secretary, dated the date of
the Closing, certifying as to (i) the resolutions attached thereto and other corporate proceedings relating to the authorization, execution and delivery of the Notes and this Agreement, (ii) the Company’s organizational documents as then in
effect, and (iii) copies of the FRB Loan Documents. 
 (ii) Each Original Subsidiary Guarantor shall have delivered to such
Purchaser a certificate of its Secretary, Assistant Secretary or other authorized 

  
 3 

 
person, dated the date of the Closing, certifying as to (i) the resolutions attached thereto and other corporate proceedings relating to the authorization, execution and delivery of its
Subsidiary Guaranty and (ii) such Original Subsidiary Guarantor’s organizational documents as then in effect. 
 Section 4.4.
Opinions of Counsel. Such Purchaser shall have received opinions in form and substance satisfactory to such Purchaser, dated the date of the Closing (a) from Simpson Thacher & Bartlett LLP, counsel for the Company and the Original
Subsidiary Guarantors, substantially in the form set forth in Schedule 4.4(a) (and the Company hereby instructs its counsel to deliver such opinion to the Purchasers) and (b) from Morgan, Lewis & Bockius LLP, the Purchasers’ special counsel
in connection with such transactions, substantially in the form set forth in Schedule 4.4(b) and covering such other matters incident to such transactions as such Purchaser may reasonably request. 

Section 4.5. Purchase Permitted By Applicable Law, Etc. On the date of the Closing such Purchaser’s purchase of Notes shall
(a) be permitted by the laws and regulations of each jurisdiction to which such Purchaser is subject, without recourse to provisions (such as section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance
companies without restriction as to the character of the particular investment, (b) not violate any applicable law or regulation (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System) and
(c) not subject such Purchaser to any tax, penalty or liability under or pursuant to any applicable law or regulation, which law or regulation was not in effect on the date hereof. If requested by such Purchaser, such Purchaser shall have
received an Officer’s Certificate certifying as to such matters of fact as such Purchaser may reasonably specify to enable such Purchaser to determine whether such purchase is so permitted. 

Section 4.6. Sale of Other Notes. Contemporaneously with the Closing the Company shall sell to each other Purchaser and
each other Purchaser shall purchase the Notes to be purchased by it at the Closing as specified in Schedule B. 
 Section 4.7.
Payment of Special Counsel Fees. Without limiting the provisions of Section 15.1, the Company shall have paid on or before the Closing the fees, charges and disbursements of the Purchasers’ special counsel referred to in Section 4.4
to the extent reflected in a statement of such counsel rendered to the Company at least one Business Day prior to the Closing. 
 Section
4.8. Private Placement Numbers. Private Placement Numbers issued by Standard & Poor’s CUSIP Service Bureau (in cooperation with the SVO) shall have been obtained for each Series of the Notes. 

Section 4.9. Changes in Corporate Structure. Neither the Company nor any Original Subsidiary Guarantor shall have changed
its jurisdiction of incorporation or organization, as applicable, or been a party to any merger or consolidation or succeeded to all or any substantial part of the liabilities of any other entity, at any time following the date of the most recent
financial statements referred to in Schedule 5.5. 

  
 4 

 Section 4.10. Funding Instructions. At least three Business Days prior to the date
of the Closing, each Purchaser shall have received written instructions signed by a Responsible Officer on letterhead of the Company confirming the information specified in Section 3 including (i) the name and address of the transferee
bank, (ii) such transferee bank’s ABA number and (iii) the account name and number into which the purchase price for the Notes is to be deposited. 

Section 4.11. Subsidiary Guaranties. Each Original Subsidiary Guarantor shall have duly executed and delivered to the
Purchasers a Subsidiary Guaranty substantially in the form of Schedule 2.2 and each such Subsidiary Guaranty shall be in full force and effect. 

Section 4.12. Existing Term Loan Agreement. The indebtedness and obligations of the Company and its Subsidiaries under and
in respect of the Existing Term Loan Agreement shall be repaid and discharged in full substantially concurrently with the purchase of the Notes by the Purchasers, and such Purchaser shall have received evidence thereof in form and substance
reasonably satisfactory to such Purchaser. 
 Section 4.13. Proceedings and Documents. All corporate and other
proceedings in connection with the transactions contemplated by this Agreement and all documents and instruments incident to such transactions shall be satisfactory to such Purchaser and its special counsel, and such Purchaser and its special
counsel shall have received all such counterpart originals or certified or other copies of such documents as such Purchaser or such special counsel may reasonably request. 

SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. 

The Company represents and warrants to each Purchaser that: 

Section 5.1. Organization; Power and Authority. 

(a) The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of
incorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing
could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact
the business it transacts and proposes to transact, to execute and deliver this Agreement and the Notes and to perform the provisions hereof and thereof. 

(b) Each Original Subsidiary Guarantor is a limited partnership duly organized, validly existing and in good standing under the
laws of its jurisdiction of organization, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so
qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each Original Subsidiary Guarantor has the power and authority to own or hold under lease the properties it purports
to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver its Subsidiary Guaranty and to perform the provisions thereof. 

  
 5 

 Section 5.2. Authorization, Etc. 

(a) This Agreement and the Notes have been duly authorized by all necessary corporate action on the part of the Company, and
this Agreement constitutes, and upon execution and delivery thereof each Note will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be
limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law). 
 (b) The Subsidiary Guaranty of each Original Subsidiary Guarantor has
been duly authorized by all necessary action on the part of such Original Subsidiary Guarantor, and such Subsidiary Guaranty constitutes a legal, valid and binding obligation of such Original Subsidiary Guarantor enforceable against such Original
Subsidiary Guarantor in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally
and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

Section 5.3. Disclosure. The Company, through its agents, Barclays Capital Inc. and PNC Capital Markets LLC, has delivered to
each Purchaser a copy of a Confidential Private Placement Memorandum, dated February 18, 2016 (the “Memorandum”), relating to the transactions contemplated hereby. The Memorandum fairly describes, in all material respects, the
general nature of the business and principal properties of the Company and its Subsidiaries. This Agreement, the Memorandum, the financial statements listed in Schedule 5.5 and the documents, certificates or other writings delivered to the
Purchasers by or on behalf of the Company prior to March 4, 2016 in connection with the transactions contemplated hereby and identified in Schedule 5.3 (this Agreement, the Memorandum and such documents, certificates or other writings and such
financial statements delivered to each Purchaser being referred to, collectively, as the “Disclosure Documents”), taken as a whole, do not contain any untrue statement of a material fact or omit to state any material
fact necessary to make the statements therein not misleading in light of the circumstances under which they were made; provided that with respect to any statements, estimates or projections with respect to future performance included in the
Disclosure Documents, the Company represents only that such statements, estimates or projections have been prepared in good faith based upon assumptions believed by the Company to be reasonable on the date any such statements, estimates or
projections were prepared and furnished. Except as disclosed in the Disclosure Documents, since December 31, 2015, there has been no change in the financial condition, operations, business, properties or prospects of the Company or any Subsidiary
except changes that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. There is no fact known to the Company that could, in the Company’s good faith opinion, reasonably be expected to have a
Material Adverse Effect that has not been set forth herein or in the Disclosure Documents. 

  
 6 

 Section 5.4. Organization and Ownership of Shares of Subsidiaries; Affiliates. 

(a) Schedule 5.4 contains (except as noted therein) complete and correct lists of (i) the Company’s Subsidiaries,
showing, as to each Subsidiary, the name thereof, the jurisdiction of its organization, and the percentage of shares of each class of its capital stock or similar equity interests outstanding owned by the Company and each other Subsidiary, (ii) the
Company’s Affiliates, other than Subsidiaries, and (iii) the Company’s directors and senior officers. 
 (b) All of
the outstanding shares of capital stock or similar equity interests of each Subsidiary shown in Schedule 5.4 as being owned by the Company and its Subsidiaries have been validly issued, are fully paid and non-assessable and are owned by the Company
or another Subsidiary free and clear of any Lien that is prohibited by this Agreement. 
 (c) Each Subsidiary is a
corporation or other legal entity duly organized, validly existing and, where applicable, in good standing under the laws of its jurisdiction of organization, and is duly qualified as a foreign corporation or other legal entity and, where
applicable, is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. Each such Subsidiary has the corporate or other power and authority to own or hold under lease the properties it purports to own or hold under lease and to transact the business it transacts
and proposes to transact. 
 (d) No Subsidiary is subject to any legal, regulatory, contractual or other restriction (other
than as set forth on Schedule 5.4 and customary limitations imposed by corporate law or similar statutes) restricting the ability of such Subsidiary to pay dividends out of profits or make any other similar distributions of profits to the Company or
any of its Subsidiaries that owns outstanding shares of capital stock or similar equity interests of such Subsidiary. 
 Section 5.5.
Financial Statements; Material Liabilities. The Company has delivered to each Purchaser copies of the financial statements of the Company and its Subsidiaries listed on Schedule 5.5. All of such financial statements (including in
each case the related schedules and notes) fairly present in all material respects the consolidated financial position of the Company and its Subsidiaries as of the respective dates specified in such Schedule and the consolidated results of their
operations and cash flows for the respective periods so specified and have been prepared in accordance with GAAP consistently applied throughout the periods involved except as set forth in the notes thereto (subject, in the case of any interim
financial statements, to normal year-end adjustments). The Company and its Subsidiaries do not have any Material liabilities that are not disclosed in the Disclosure Documents. 

Section 5.6. Compliance with Laws, Other Instruments, Etc. The execution, delivery and performance by the Company of this
Agreement and the Notes, and the execution, delivery and performance by each Original Subsidiary Guarantor of its Subsidiary Guaranty, will not (i) contravene, result in any breach of, or constitute a default under, or result in the creation

  
 7 

 
of any Lien in respect of any property of the Company or any Subsidiary under, any indenture, mortgage, deed of trust, loan, purchase or credit agreement, lease, corporate charter or by-laws,
shareholders agreement or any other agreement or instrument to which the Company or any Subsidiary is bound or by which the Company or any Subsidiary or any of their respective properties may be bound or affected, (ii) conflict with or result
in a breach of any of the terms, conditions or provisions of any order, judgment, decree or ruling of any court, arbitrator or Governmental Authority applicable to the Company or any Subsidiary or (iii) violate any provision of any statute or
other rule or regulation of any Governmental Authority applicable to the Company or any Subsidiary. 
 Section 5.7. Governmental
Authorizations, Etc. No consent, approval or authorization of, or registration, filing or declaration with, any Governmental Authority is required in connection with the execution, delivery or performance by the Company of this Agreement or
the Notes, or in connection with the execution, delivery or performance by any Original Subsidiary Guarantor of its Subsidiary Guaranty. 

Section 5.8. Litigation; Observance of Agreements, Statutes and Orders. 

(a) There are no actions, suits, investigations or proceedings pending or, to the best knowledge of the Company, threatened
against or affecting the Company or any Subsidiary or any property of the Company or any Subsidiary in any court or before any arbitrator of any kind or before or by any Governmental Authority that could, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect. 
 (b) Neither the Company nor any Subsidiary is (i) in default under any
agreement or instrument to which it is a party or by which it is bound, (ii) in violation of any order, judgment, decree or ruling of any court, arbitrator or Governmental Authority or (iii) in violation of any applicable law, ordinance, rule or
regulation of any Governmental Authority (including, without limitation, Environmental Laws, the USA PATRIOT Act or any of the other laws and regulations that are referred to in Section 5.16), which default or violation could, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect. 
 Section 5.9. Taxes. The Company and its
Subsidiaries have filed all tax returns that are required to have been filed in any jurisdiction, and have paid all taxes shown to be due and payable on such returns and all other taxes and assessments levied upon them or their properties, assets,
income or franchises, to the extent such taxes and assessments have become due and payable and before they have become delinquent, except for any taxes and assessments (i) the amount of which, individually or in the aggregate, is not Material
or (ii) the amount, applicability or validity of which is currently being contested in good faith by appropriate proceedings and with respect to which the Company or a Subsidiary, as the case may be, has established adequate reserves in
accordance with GAAP. The Company knows of no basis for any other tax or assessment that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The charges, accruals and reserves on the books of
the Company and its Subsidiaries in respect of U.S. federal, state or other taxes for all fiscal periods are adequate. The U.S. federal income tax liabilities of the Company and its Subsidiaries have been finally determined (whether by reason
of completed audits or the statute of limitations having run) for all fiscal years up to and including the fiscal year ended December 31, 2012. 

  
 8 

 Section 5.10. Title to Property; Leases. The Company and its Subsidiaries have
good and sufficient title to their respective properties that individually or in the aggregate are Material, including all such properties reflected in the most recent audited balance sheet referred to in Section 5.5 or purported to have been
acquired by the Company or any Subsidiary after such date (except as sold or otherwise disposed of in the ordinary course of business), in each case free and clear of Liens prohibited by this Agreement. All leases that individually or in the
aggregate are Material are valid and subsisting and are in full force and effect in all material respects. 
 Section 5.11.
Licenses, Permits, Etc. 
 (a) The Company and its Subsidiaries own or possess all licenses, permits, franchises,
authorizations, patents, copyrights, proprietary software, service marks, trademarks and trade names, or rights thereto, that individually or in the aggregate are Material, without known conflict with the rights of others. 

(b) To the best knowledge of the Company, no product or service of the Company or any of its Subsidiaries infringes in any
material respect any license, permit, franchise, authorization, patent, copyright, proprietary software, service mark, trademark, trade name or other right owned by any other Person. 

(c) To the best knowledge of the Company, there is no Material violation by any Person of any right of the Company or any of
its Subsidiaries with respect to any patent, copyright, proprietary software, service mark, trademark, trade name or other right owned or used by the Company or any of its Subsidiaries. 

Section 5.12. Compliance with ERISA. 

(a) The Company and each ERISA Affiliate have operated and administered each Plan in compliance with all applicable laws except
for such instances of noncompliance as have not resulted in and could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. Neither the Company nor any ERISA Affiliate has incurred any liability
pursuant to Title I or IV of ERISA (other than liability to the PBGC for timely paid premiums under section 4007 of ERISA) or the penalty or excise tax provisions of the Code relating to its Plans or any Multiemployer Plan, and no event, transaction
or condition has occurred or exists that could, individually or in the aggregate, reasonably be expected to result in the incurrence of any such liability by the Company or any ERISA Affiliate, or in the imposition of any Lien on any of the rights,
properties or assets of the Company or any ERISA Affiliate, in either case pursuant to Title I or IV of ERISA or to section 430(k) of the Code or to any such penalty or excise tax provisions under the Code relating to any Plan or section 4068 of
ERISA or by the granting of a security interest in connection with the amendment of a Plan, other than such liabilities or Liens as would not be individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. (For
the avoidance of doubt, the reference in the immediately preceding sentence to any event, transaction or condition 

  
 9 

 
has occurred or exists and that could result in a penalty or excise tax under the Code or federal law does not apply to any Multiemployer Plans and/or any penalties or excise taxes relating to
potential prohibited transactions in connection with the execution and delivery of this Agreement, which are separately covered in Section 5.12(e) below.) 

(b) To the extent applicable, the present value of the aggregate benefit liabilities under each of the Plans (other than
Multiemployer Plans), determined as of the end of such Plan’s most recently ended plan year on the basis of the actuarial assumptions specified for funding purposes in such Plan’s most recent actuarial valuation report, did not exceed the
aggregate current value of the assets of such Plan allocable to such benefit liabilities. The term “benefit liabilities” has the meaning specified in section 4001 of ERISA and the terms “current value” and
“present value” have the meaning specified in section 3 of ERISA. 
 (c) The Company and its ERISA
Affiliates have not incurred withdrawal liabilities (and are not subject to contingent withdrawal liabilities) under section 4201 or 4204 of ERISA in respect of Multiemployer Plans that individually or in the aggregate are reasonably expected to
result in a Material Adverse Effect. 
 (d) To the extent applicable, the expected postretirement benefit obligation
(determined as of the last day of the Company’s most recently ended fiscal year in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 715-60, without regard to liabilities attributable to continuation
coverage mandated by section 4980B of the Code) of the Company and its Subsidiaries is not Material. 
 (e) The execution and
delivery of this Agreement, the execution and delivery of the Subsidiary Guaranties of the Original Subsidiary Guarantors, and the issuance and sale of the Notes hereunder will not involve any transaction that is subject to the prohibitions of
section 406(a) of ERISA or in connection with which a tax could be imposed pursuant to section 4975(c)(1)(A)-(D) of the Code. The representation by the Company to each Purchaser in the first sentence of this Section 5.12(e) is made in reliance upon
and subject to the accuracy of such Purchaser’s representation in Section 6.2 as to the sources of the funds to be used to pay the purchase price of the Notes to be purchased by such Purchaser. 

Section 5.13. Private Offering by the Company. Neither the Company nor anyone acting on its behalf has offered the Notes or
any similar Securities for sale to, or solicited any offer to buy the Notes or any similar Securities from, or otherwise approached or negotiated in respect thereof with, any Person other than the Purchasers and not more than 64 other Institutional
Investors, each of which has been offered the Notes at a private sale for investment. Neither the Company nor anyone acting on its behalf has taken, or will take, any action that would subject the issuance or sale of the Notes to the
registration requirements of section 5 of the Securities Act or to the registration requirements of any securities or blue sky laws of any applicable jurisdiction. 

  
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 Section 5.14. Use of Proceeds; Margin Regulations. The Company will apply the
proceeds of the sale of the Notes hereunder as set forth in the Executive Summary; Proposed Offering Summary section of the Memorandum. No part of the proceeds from the sale of the Notes hereunder will be used, directly or indirectly, for the
purpose of buying or carrying any margin stock within the meaning of Regulation U of the Board of Governors of the Federal Reserve System (12 CFR 221), or for the purpose of buying or carrying or trading in any Securities under such
circumstances as to involve the Company in a violation of Regulation X of said Board (12 CFR 224) or to involve any broker or dealer in a violation of Regulation T of said Board (12 CFR 220). Margin stock does not constitute more than 15% of
the value of the consolidated assets of the Company and its Subsidiaries and the Company does not have any present intention that margin stock will constitute more than 15% of the value of such assets. As used in this Section, the terms
“margin stock” and “purpose of buying or carrying” shall have the meanings assigned to them in said Regulation U. 

Section 5.15. Existing Indebtedness; Future Liens. 

(a) Except as described therein, Schedule 5.15 sets forth a complete and correct list of all outstanding Indebtedness of the
Company and its Subsidiaries as of March 30, 2016 (including descriptions of the obligors and obligees, principal amounts outstanding, any collateral therefor and any Guaranties thereof), since which date there has been no Material change in the
amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the Company or its Subsidiaries. Neither the Company nor any Subsidiary is in default and no waiver of default is currently in effect, in the
payment of any principal or interest on any Indebtedness of the Company or such Subsidiary and no event or condition exists with respect to any Indebtedness of the Company or any Subsidiary that would permit (or that with notice or the lapse of
time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment. 

(b) Except as disclosed in Schedule 5.15, neither the Company nor any Subsidiary has agreed or consented to cause or permit any
of its property, whether now owned or hereafter acquired, to be subject to a Lien that secures Indebtedness or to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter
acquired, to be subject to a Lien that secures Indebtedness. 
 (c) Neither the Company nor any Subsidiary is a party to, or
otherwise subject to any provision contained in, any instrument evidencing Indebtedness of the Company or such Subsidiary, any agreement relating thereto or any other agreement (including, but not limited to, its charter or any other organizational
document) which limits the amount of, or otherwise imposes restrictions on the incurring of, Indebtedness of the Company, except as disclosed in Schedule 5.15. 

Section 5.16. Foreign Assets Control Regulations, Etc. 

(a) Neither the Company nor any Controlled Entity is (i) a Person whose name appears on the list of Specially Designated
Nationals and Blocked Persons 

  
 11 

 
published by the Office of Foreign Assets Control, United States Department of the Treasury (“OFAC”) (an “OFAC Listed Person”) (ii) an agent, department, or
instrumentality of, or is otherwise beneficially owned by, controlled by or acting on behalf of, directly or indirectly, (x) any OFAC Listed Person or (y) any Person, entity, organization, foreign country or regime that is subject to any OFAC
Sanctions Program, or (iii) otherwise blocked, subject to sanctions under or engaged in any activity in violation of other United States economic sanctions, including but not limited to, the Trading with the Enemy Act, the International Emergency
Economic Powers Act, the Comprehensive Iran Sanctions, Accountability and Divestment Act (“CISADA”) or any similar law or regulation with respect to Iran or any other country, the Sudan Accountability and Divestment Act, any OFAC
Sanctions Program, or any economic sanctions regulations administered and enforced by the United States or any enabling legislation or executive order relating to any of the foregoing (collectively, “U.S. Economic Sanctions”) (each
OFAC Listed Person and each other Person, entity, organization and government of a country described in clause (i), clause (ii) or clause (iii), a “Blocked Person”). Neither the Company nor any Controlled Entity has been notified
that its name appears or may in the future appear on a state list of Persons that engage in investment or other commercial activities in Iran or any other country that is subject to U.S. Economic Sanctions. 

(b) No part of the proceeds from the sale of the Notes hereunder constitutes or will constitute funds obtained on behalf of any
Blocked Person or will otherwise be used by the Company or any Controlled Entity, directly or indirectly, (i) in connection with any investment in, or any transactions or dealings with, any Blocked Person, or (ii) otherwise in violation of U.S.
Economic Sanctions. 
 (c) Neither the Company nor any Controlled Entity (i) has been found in violation of, charged with, or
convicted of, money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes under the Currency and Foreign Transactions Reporting Act of 1970 (otherwise known as the Bank Secrecy Act), the USA PATRIOT
Act or any other United States law or regulation governing such activities (collectively, “Anti-Money Laundering Laws”) or any U.S. Economic Sanctions violations, (ii) to the Company’s actual knowledge after making due inquiry,
is under investigation by any Governmental Authority for possible violation of Anti-Money Laundering Laws or any U.S. Economic Sanctions violations, (iii) has been assessed civil penalties under any Anti-Money Laundering Laws or any U.S. Economic
Sanctions, or (iv) has had any of its funds seized or forfeited in an action under any Anti-Money Laundering Laws. The Company has established procedures and controls which it reasonably believes are adequate (and otherwise comply with applicable
law) to ensure that the Company and each Controlled Entity is and will continue to be in compliance with all applicable current and future Anti-Money Laundering Laws and U.S. Economic Sanctions. 

(d) 

(i) Neither the Company nor any Controlled Entity (A) has been charged with, or convicted of bribery or any other
anti-corruption related activity 

  
 12 

 
under any applicable law or regulation in a U.S. or any non-U.S. country or jurisdiction, including but not limited to, the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act 2010
(collectively, “Anti-Corruption Laws”), (B) to the Company’s actual knowledge after making due inquiry, is under investigation by any U.S. or non-U.S. Governmental Authority for possible violation of Anti-Corruption Laws, (C)
has been assessed civil or criminal penalties under any Anti-Corruption Laws or (D) has been or is the target of sanctions imposed by the United Nations or the European Union; 

(ii) To the Company’s actual knowledge after making due inquiry, neither the Company nor any Controlled Entity has, within
the last five years, directly or indirectly offered, promised, given, paid or authorized the offer, promise, giving or payment of anything of value to a Governmental Official or a commercial counterparty for the purposes of: (A) influencing any act,
decision or failure to act by such Governmental Official in his or her official capacity or such commercial counterparty, (B) inducing a Governmental Official to do or omit to do any act in violation of the Governmental Official’s lawful duty,
or (C) inducing a Governmental Official or a commercial counterparty to use his or her influence with a government or instrumentality to affect any act or decision of such government or entity; in each case in order to obtain, retain or direct
business or to otherwise secure an improper advantage in violation of any applicable law or regulation or which would cause any holder to be in violation of any law or regulation applicable to such holder; and 

(iii) No part of the proceeds from the sale of the Notes hereunder will be used, directly or indirectly, for any improper
payments, including bribes, to any Governmental Official or commercial counterparty in order to obtain, retain or direct business or obtain any improper advantage. The Company has established procedures and controls which it reasonably believes are
adequate (and otherwise comply with applicable law) to ensure that the Company and each Controlled Entity is and will continue to be in compliance with all applicable current and future Anti-Corruption Laws. 

Section 5.17. Status under Certain Statutes. Neither the Company nor any Subsidiary is required to register as an
investment company under the Investment Company Act of 1940, as amended, or subject to regulation under the Federal Power Act, as amended. 

Section 5.18. Environmental Matters. 

(a) Neither the Company nor any Subsidiary has knowledge of any claim or has received any notice of any claim and no proceeding
has been instituted asserting any claim against the Company or any of its Subsidiaries or any of their respective real properties or other assets now or formerly owned, leased or operated by any of them, alleging any damage to the environment or
violation of any Environmental Laws, except, in each case, such as could not reasonably be expected to result in a Material Adverse Effect. 

  
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 (b) Neither the Company nor any Subsidiary has knowledge of any facts which would
give rise to any claim, public or private, of violation of Environmental Laws or damage to the environment emanating from, occurring on or in any way related to real properties now or formerly owned, leased or operated by any of them or to other
assets or their use, except, in each case, such as could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 

(c) Neither the Company nor any Subsidiary has stored any Hazardous Materials on real properties now or formerly owned, leased
or operated by any of them in a manner which is contrary to any Environmental Law that could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 

(d) Neither the Company nor any Subsidiary has disposed of any Hazardous Materials in a manner which is contrary to any
Environmental Law that could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 

(e) All buildings on all real properties now owned, leased or operated by the Company or any Subsidiary are in compliance with
applicable Environmental Laws, except where failure to comply could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 

SECTION 6. REPRESENTATIONS OF THE PURCHASERS. 

Section 6.1. Purchase for Investment. 

(a) Each Purchaser severally represents that it is purchasing the Notes for its own account or for one or more separate
accounts maintained by such Purchaser or for the account of one or more pension or trust funds and not with a view to the distribution thereof, provided that the disposition of such Purchaser’s or their property shall at all times be
within such Purchaser’s or their control. Each Purchaser understands that the Notes have not been registered under the Securities Act and may be resold only if registered pursuant to the provisions of the Securities Act or if an exemption from
registration is available, except under circumstances where neither such registration nor such an exemption is required by law, and that the Company is not required to register the Notes. 

(b) Each Purchaser further severally represents to the Company that it is (i) a “qualified institutional buyer”
within the meaning of Rule 144A under the Securities Act or (ii) an Institutional Accredited Investor (as defined below) and is purchasing the Notes in the ordinary course of its business solely for its own account or for accounts of investors who
are institutional accredited investors within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act (each, an “Institutional Accredited Investor”) for whom such Purchaser acts as a duly authorized fiduciary or
agent and as to which account such Purchaser exercises sole investment discretion, in each case for the purpose of investment, without a view to the distribution or resale of such Notes, but subject, nevertheless, to the disposition of the Notes
being at all times within such Purchaser’s control. 

  
 14 

 (c) Each Purchaser acknowledges that the Company is entering into this Agreement
and the Subsidiary Guarantors are entering into the Subsidiary Guaranties in reliance upon the representations, warranties and acknowledgements of the Purchasers in this Section 6. 

(d) Each Purchaser severally represents to the Company that such Purchaser has such knowledge and experience in financial and
business matters that it is capable of evaluating the merits and risks of a purchase of Notes for itself or, to the extent such Purchaser is purchasing the Notes other than for its own account, for each person for whose account such Purchaser is
acquiring any Notes, and each Purchaser has determined that the Notes are a suitable investment for itself or, to the extent such Purchaser is purchasing the Notes other than for its own account, for each person for whose account such Purchaser is
acquiring any Notes, both in the nature and the principal amount of the Notes being acquired. Each Purchaser acknowledges that it has received such information concerning the Company, the Subsidiary Guarantors, the Notes and the Subsidiary
Guaranties and has been given the opportunity to ask such questions of and receive answers from representatives of the Company as it deems sufficient, based on information provided by the Company to such Purchaser, to make an informed investment
decision with respect to the Notes. 
 Section 6.2. Source of Funds. Each Purchaser severally represents that at least one of
the following statements is an accurate representation as to each source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Notes to be purchased by such Purchaser hereunder: 

(a) the Source is an “insurance company general account” (as the term is defined in the United States Department of
Labor’s Prohibited Transaction Exemption (“PTE”) 95-60) in respect of which the reserves and liabilities (as defined by the annual statement for life insurance companies approved by the NAIC (the “NAIC Annual
Statement”)) for the general account contract(s) held by or on behalf of any employee benefit plan together with the amount of the reserves and liabilities for the general account contract(s) held by or on behalf of any other employee
benefit plans maintained by the same employer (or affiliate thereof as defined in PTE 95-60) or by the same employee organization in the general account do not exceed 10% of the total reserves and liabilities of the general account (exclusive of
separate account liabilities) plus surplus as set forth in the NAIC Annual Statement filed with such Purchaser’s state of domicile; or 

(b) the Source is a separate account that is maintained solely in connection with such Purchaser’s fixed contractual
obligations under which the amounts payable, or credited, to any employee benefit plan (or its related trust) that has any interest in such separate account (or to any participant or beneficiary of such plan (including any annuitant)) are not
affected in any manner by the investment performance of the separate account; or 

  
 15 

 (c) the Source is either (i) an insurance company pooled separate account, within
the meaning of PTE 90-1 or (ii) a bank collective investment fund, within the meaning of the PTE 91-38 and, except as disclosed by such Purchaser to the Company in writing pursuant to this clause (c) and identified in writing as a Source described
in this clause (c), no employee benefit plan or group of plans maintained by the same employer or employee organization beneficially owns more than 10% of all assets allocated to such pooled separate account or collective investment fund; or 

(d) the Source constitutes assets of an “investment fund” (within the meaning of Part VI of PTE 84-14 (the
“QPAM Exemption”)) managed by a “qualified professional asset manager” or “QPAM” (within the meaning of Part VI of the QPAM Exemption), no employee benefit plan’s assets that are managed by the QPAM in such
investment fund, when combined with the assets of all other employee benefit plans established or maintained by the same employer or by an affiliate (within the meaning of Part VI(c)(1) of the QPAM Exemption) of such employer or by the same employee
organization and managed by such QPAM, represent more than 20% of the total client assets managed by such QPAM, the conditions of Part I(c) and (g) of the QPAM Exemption are satisfied, neither the QPAM nor a person controlling or controlled by the
QPAM maintains an ownership interest in the Company that would cause the QPAM and the Company to be “related” within the meaning of Part VI(h) of the QPAM Exemption and (i) the identity of such QPAM and (ii) the names of any employee
benefit plans whose assets in the investment fund, when combined with the assets of all other employee benefit plans established or maintained by the same employer or by an affiliate (within the meaning of Part VI(c)(1) of the QPAM Exemption) of
such employer or by the same employee organization, represent 10% or more of the assets of such investment fund, have been disclosed to the Company in writing pursuant to this clause (d) and identified in such writing as a Source described in this
clause (d); or 
 (e) the Source constitutes assets of a “plan(s)” (within the meaning of Part IV(h) of PTE 96-23
(the “INHAM Exemption”)) managed by an “in-house asset manager” or “INHAM” (within the meaning of Part IV(a) of the INHAM Exemption), the conditions of Part I(a), (g) and (h) of the INHAM Exemption are satisfied,
neither the INHAM nor a person controlling or controlled by the INHAM (applying the definition of “control” in Part IV(d)(3) of the INHAM Exemption) owns a 10% or more interest in the Company and (i) the identity of such INHAM and (ii) the
name(s) of the employee benefit plan(s) whose assets constitute the Source have been disclosed to the Company in writing pursuant to this clause (e) and identified in such writing as a Source described in this clause (e); or 

(f) the Source is a governmental plan; or 

(g) the Source is one or more employee benefit plans, or a separate account or trust fund comprised of one or more employee
benefit plans, each of which has been identified to the Company in writing pursuant to this clause (g) and identified in such writing as a Source described in this clause (g); or 

  
 16 

 (h) the Source does not include assets of any employee benefit plan, other than a
plan exempt from the coverage of ERISA. 
 As used in this Section 6.2, the terms “employee benefit plan,” “governmental
plan,” and “separate account” shall have the respective meanings assigned to such terms in section 3 of ERISA. 
 SECTION 7.
INFORMATION AS TO COMPANY. 
 Section 7.1. Financial and Business Information. The Company shall deliver to each
holder of a Note that is an Institutional Investor: 
 (a) Quarterly Statements — within 45 days (or such shorter
period as is the earlier of (x) 15 days greater than the period applicable to the filing of the Company’s Quarterly Report on Form 10-Q (the “Form 10-Q”) with the SEC regardless of whether the Company is
subject to the filing requirements thereof and (y) the date by which such financial statements are required to be delivered under any Material Credit Facility or the date on which such corresponding financial statements are delivered under any
Material Credit Facility if such delivery occurs earlier than such required delivery date) after the end of each quarterly fiscal period in each fiscal year of the Company (other than the last quarterly fiscal period of each such fiscal year),
duplicate copies of: 
 (i) a consolidated balance sheet of the Company and its Subsidiaries as at the end of such quarter,
and 
 (ii) consolidated statements of income, changes in shareholders’ equity and cash flows of the Company and its
Subsidiaries, for such quarter and (in the case of the second and third quarters) for the portion of the fiscal year ending with such quarter, 

setting forth in each case in comparative form the figures for the corresponding periods in the previous fiscal year, all in reasonable detail,
prepared in accordance with GAAP applicable to quarterly financial statements generally, and certified by a Senior Financial Officer as fairly presenting, in all material respects, the financial position of the companies being reported on and their
results of operations and cash flows, subject to changes resulting from year-end adjustments, provided that delivery within the time period specified above of copies of the Company’s Form 10-Q prepared in compliance with the
requirements therefor and filed with the SEC shall be deemed to satisfy the requirements of this Section 7.1(a); 
 (b)
Annual Statements — within 90 days (or such shorter period as is the earlier of (x) 15 days greater than the period applicable to the filing of the Company’s Annual Report on Form 10-K (the
“Form 10-K”) with the SEC regardless of whether the Company is subject to the filing requirements thereof and (y) the date by which such financial statements are required to be delivered under any Material Credit
Facility or the date on which such corresponding financial statements are delivered under any Material Credit Facility if such delivery occurs earlier than such required delivery date) after the end of each fiscal year of the Company, duplicate
copies of: 
 (i) a consolidated balance sheet of the Company and its Subsidiaries as at the end of such year, and 

  
 17 

 (ii) consolidated statements of income, changes in shareholders’ equity and
cash flows of the Company and its Subsidiaries for such year, 
 setting forth in each case in comparative form the figures for the previous
fiscal year, all in reasonable detail, prepared in accordance with GAAP, and accompanied by an opinion thereon (without a “going concern” or similar qualification or exception and without any qualification or exception as to the scope of
the audit on which such opinion is based) of independent public accountants of recognized national standing, which opinion shall state that such financial statements present fairly, in all material respects, the financial position of the companies
being reported upon and their results of operations and cash flows and have been prepared in conformity with GAAP, and that the examination of such accountants in connection with such financial statements has been made in accordance with generally
accepted auditing standards, and that such audit provides a reasonable basis for such opinion in the circumstances, provided that the delivery within the time period specified above of the Company’s Form 10-K for such fiscal year
(together with the Company’s annual report to shareholders, if any, prepared pursuant to Rule 14a-3 under the Securities Exchange Act of 1934) prepared in accordance with the requirements therefor
and filed with the SEC, shall be deemed to satisfy the requirements of this Section 7.1(b); 
 (c) SEC and Other
Reports — promptly upon their becoming available, one copy of (i) each financial statement, report, notice or proxy statement sent by the Company or any Subsidiary to its principal lending banks as a whole (excluding information sent to
such banks in the ordinary course of administration of a bank facility, such as information relating to pricing and borrowing availability) or to its public Securities holders generally, and (ii) each regular or periodic report, each
registration statement (without exhibits except as expressly requested by such Purchaser or holder), and each prospectus and all amendments thereto filed by the Company or any Subsidiary with the SEC and of all press releases and other statements
made available generally by the Company or any Subsidiary to the public concerning developments that are Material; 
 (d)
Notice of Default or Event of Default — promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any
action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence
thereof and what action the Company is taking or proposes to take with respect thereto; 
 (e) ERISA Matters —
promptly, and in any event within five days after a Responsible Officer becoming aware of any of the following, a written notice setting forth the nature thereof and the action, if any, that the Company or an ERISA Affiliate proposes to take with
respect thereto: 
 (i) with respect to any Plan, any reportable event, as defined in section 4043(c) of ERISA and the
regulations thereunder, for which notice thereof has not been waived pursuant to such regulations as in effect on the date hereof; or 

  
 18 

 (ii) the taking by the PBGC of steps to institute, or the threatening by the PBGC
of the institution of, proceedings under section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by the Company or any ERISA Affiliate of a notice from a Multiemployer Plan that such
action has been taken by the PBGC with respect to such Multiemployer Plan; or 
 (iii) any event, transaction or condition
that could result in the incurrence of any liability by the Company or any ERISA Affiliate pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit plans, or in the imposition of any Lien on
any of the rights, properties or assets of the Company or any ERISA Affiliate pursuant to Title I or IV of ERISA or such penalty or excise tax provisions, if such liability or Lien, taken together with any other such liabilities or Liens then
existing, could reasonably be expected to have a Material Adverse Effect; 
 (f) Notices from Governmental Authority
— promptly, and in any event within 30 days of receipt thereof, copies of any notice to the Company or any Subsidiary from any federal or state Governmental Authority relating to any order, ruling, statute or other law or regulation that could
reasonably be expected to have a Material Adverse Effect; and 
 (g) Requested Information — with reasonable
promptness, such other data and information relating to the business, operations, affairs, financial condition, assets or properties of the Company or any of its Subsidiaries (including, but without limitation, actual copies of the Company’s
Form 10-Q and Form 10-K) or relating to the ability of the Company to perform its obligations hereunder and under the Notes as from time to time may be reasonably requested by any such holder of a Note. 

Section 7.2. Officer’s Certificate. Each set of financial statements delivered to a holder of a Note
pursuant to Section 7.1(a) or Section 7.1(b) shall be accompanied by a certificate of a Senior Financial Officer: 
 (a)
Covenant Compliance — setting forth the information from such financial statements that is required in order to establish whether the Company was in compliance with the requirements of Section 10 during the quarterly or annual period
covered by the statements then being furnished (including with respect to each such provision that involves mathematical calculations, the information from such financial statements that is required to perform such calculations) and detailed
calculations of the maximum or minimum amount, ratio or percentage, as the case may be, permissible under the terms of such Section, and the calculation of the amount, ratio or percentage then in existence. In the event that the Company or any
Subsidiary has made an election to measure any 

  
 19 

 
financial liability using fair value (which election is being disregarded for purposes of determining compliance with this Agreement pursuant to Section 22.2(a)) as to the period covered by any
such financial statement, such Senior Financial Officer’s certificate as to such period shall include a reconciliation from GAAP with respect to such election; 

(b) Event of Default — certifying that such Senior Financial Officer has reviewed the relevant terms hereof and has
made, or caused to be made, under his or her supervision, a review of the transactions and conditions of the Company and its Subsidiaries from the beginning of the quarterly or annual period covered by the financial statements then being furnished
to the date of the certificate and that such review shall not have disclosed the existence during such period of any condition or event that constitutes a Default or an Event of Default or, if any such condition or event existed or exists
(including, without limitation, any such event or condition resulting from the failure of the Company or any Subsidiary to comply with any Environmental Law), specifying the nature and period of existence thereof and what action the Company shall
have taken or proposes to take with respect thereto; and 
 (c) Subsidiary Guarantors — setting forth a list of
any Subsidiaries that were Subsidiary Guarantors during the quarterly or annual period covered by the financial statements then being furnished and, if any such Subsidiary was not a Subsidiary Guarantor during the entire quarterly or annual period,
setting forth the dates on which such Subsidiary was a Subsidiary Guarantor. 
 Section 7.3. Visitation. The Company
shall permit the representatives of each holder of a Note that is an Institutional Investor: 
 (a) No Default —
if no Default or Event of Default then exists, at the expense of such holder and upon reasonable prior notice to the Company, to visit the principal executive office of the Company, to discuss the affairs, finances and accounts of the Company and
its Subsidiaries with the Company’s officers, and (with the consent of the Company, which consent will not be unreasonably withheld) its independent public accountants, and (with the consent of the Company, which consent will not be
unreasonably withheld) to visit the other offices and properties of the Company and each Subsidiary, all at such reasonable times and as often as may be reasonably requested in writing; and 

(b) Default — if a Default or Event of Default then exists, at the expense of the Company to visit and inspect any
of the offices or properties of the Company or any Subsidiary, to examine all their respective books of account, records, reports and other papers, to make copies and extracts therefrom, and to discuss their respective affairs, finances and accounts
with their respective officers and independent public accountants (and by this provision the Company authorizes said accountants to discuss the affairs, finances and accounts of the Company and its Subsidiaries), all at such times and as often as
may be requested; provided that no holder of Notes shall be entitled to examine or make copies or abstracts of, or otherwise obtain information with respect to, the Company’s records relating to pending or threatened litigation if (i)
the Company determines after consultation with counsel qualified to advise on such matters that, 

  
 20 

 
notwithstanding the confidentiality requirements of Section 20, it would be prohibited from disclosing such information by applicable law or regulations without making public disclosure thereof,
or (ii) notwithstanding the confidentiality requirements of Section 20, the Company is prohibited from disclosing such information by the terms of an obligation of confidentiality contained in any agreement with any non-Affiliate binding upon the
Company and not entered into in contemplation of this proviso, provided further that, with respect to this clause (ii), (x) the Company shall use commercially reasonable efforts to obtain consent from the party in whose favor the obligation of
confidentiality was made to permit the disclosure of the relevant information and (y) the Company has received a written opinion of counsel confirming that disclosure of such information without consent from such other contractual party would
constitute a breach of such agreement. Promptly after determining that the Company is not permitted to disclose any information as a result of the limitations described in the first proviso to this clause (b), the Company will provide each of the
holders with an Officer’s Certificate describing generally the requested information that the Company is prohibited from disclosing pursuant to such proviso and the circumstances under which the Company is not permitted to disclose such
information. Promptly after a request therefor from any holder of Notes that is an Institutional Investor, the Company will provide such holder with a written opinion of counsel (which may be addressed to the Company) relied upon as to such
information that the Company is prohibited from disclosing to such holder under circumstances described in the first proviso to this clause (b). 

Section 7.4. Electronic Delivery. Financial statements, opinions of independent certified public accountants, other information
and Officer’s Certificates that are required to be delivered by the Company pursuant to Sections 7.1(a), (b) or (c) and Section 7.2 shall be deemed to have been delivered if the Company satisfies any of the following requirements with respect
thereto: 
 (i) such financial statements satisfying the requirements of Section 7.1(a) or (b) and related Officer’s
Certificate satisfying the requirements of Section 7.2 are delivered to each holder of a Note by e-mail; 
 (ii) the Company
shall have timely filed such Form 10-Q or Form 10-K, satisfying the requirements of Section 7.1(a) or Section 7.1(b), as the case may be, with the SEC on EDGAR and shall have made such form and the related Officer’s Certificate satisfying the
requirements of Section 7.2 available on its home page on the internet, which is located at http://www.evercore.com as of the date of this Agreement; 

(iii) such financial statements satisfying the requirements of Section 7.1(a) or Section 7.1(b) and related Officer’s
Certificate(s) satisfying the requirements of Section 7.2 are timely posted by or on behalf of the Company on IntraLinks or on any other similar website to which each holder of Notes has free access; or 

(iv) the Company shall have filed any of the items referred to in Section 7.1(c) with the SEC on EDGAR and shall have made such
items available on its home page on the internet or on IntraLinks or on any other similar website to which each holder of Notes has free access; 

  
 21 

 provided however, that in the case of any of clauses (ii), (iii) or (iv), the Company shall have given
each holder of a Note prior written notice, which may be by e-mail or in accordance with Section 18, of such posting or filing in connection with each delivery, provided further, that upon request of any holder to receive paper copies of such
forms, financial statements and Officer’s Certificates or to receive them by e-mail, the Company will promptly e-mail them or deliver such paper copies, as the case may be, to such holder. 

SECTION 8. PAYMENT AND PREPAYMENT OF THE NOTES. 

Section 8.1. Maturity. As provided therein, the entire unpaid principal balance of each Note shall be due and payable on the
Maturity Date thereof. 
 Section 8.2. Optional Prepayments with Make-Whole Amount. The Company may, at its option, upon
notice as provided below, prepay at any time all, or from time to time any part of, the Notes (without regard to Series), in an amount not less than 5% of the aggregate principal amount of the Notes then outstanding in the case of a partial
prepayment, at 100% of the principal amount so prepaid, and the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of Notes written notice of each optional prepayment
under this Section 8.2 not less than ten days and not more than 60 days prior to the date fixed for such prepayment unless the Company and the Required Holders agree to another time period pursuant to Section 17. Each such notice shall
specify such date (which shall be a Business Day), the aggregate principal amount of the Notes to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the
interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment
(calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of Notes a certificate of a Senior
Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date. 
 Section 8.3.
Allocation of Partial Prepayments. In the case of each partial prepayment of the Notes pursuant to Section 8.2, the principal amount of the Notes to be prepaid shall be allocated among all of the Notes at the time outstanding (without
regard to Series) in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof not theretofore called for prepayment. 

Section 8.4. Maturity; Surrender, Etc. In the case of each prepayment of Notes pursuant to this Section 8, the
principal amount of each Note to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the applicable Make-Whole Amount, if any. From
and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest and Make-Whole Amount, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any Note
paid or prepaid in full shall be surrendered to the Company and cancelled and shall not be reissued, and no Note shall be issued in lieu of any prepaid principal amount of any Note. 

  
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 Section 8.5. Purchase of Notes. The Company will not and will not permit any
Affiliate to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Notes except (a) upon the payment or prepayment of the Notes in accordance with this Agreement and the Notes or (b) pursuant to an offer to
purchase made by the Company or an Affiliate pro rata to the holders of all Notes at the time outstanding upon the same terms and conditions. Any such offer shall provide each holder with sufficient information to enable it to make an informed
decision with respect to such offer, and shall remain open for at least ten Business Days. If the holders of more than 50% of the principal amount of the Notes then outstanding accept such offer, the Company shall promptly notify the remaining
holders of such fact and the expiration date for the acceptance by holders of Notes of such offer shall be extended by the number of days necessary to give each such remaining holder at least five Business Days from its receipt of such notice to
accept such offer. The Company will promptly cancel all Notes acquired by it or any Affiliate pursuant to any payment, prepayment or purchase of Notes pursuant to any provision of this Agreement and no Notes may be issued in substitution or
exchange for any such Notes. 
 Section 8.6. Make-Whole Amount. 

“Make-Whole Amount” means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the
Remaining Scheduled Payments with respect to the Called Principal of such Note over the amount of such Called Principal, provided that the Make-Whole Amount may in no event be less than zero. For the purposes of determining the
Make-Whole Amount, the following terms have the following meanings: 
 “Called Principal” means, with respect to any Note,
the principal of such Note that is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires. 

“Discounted Value” means, with respect to the Called Principal of any Note, the amount obtained by discounting all Remaining
Scheduled Payments with respect to such Called Principal from their respective scheduled due dates to the Settlement Date with respect to such Called Principal, in accordance with accepted financial practice and at a discount factor (applied on the
same periodic basis as that on which interest on the Notes of such Series is payable) equal to the Reinvestment Yield with respect to such Called Principal. 

“Reinvestment Yield” means, with respect to the Called Principal of any Note, 0.50% over the yield to maturity implied by the
yield(s) reported as of 10:00 a.m. (New York City time) on the second Business Day preceding the Settlement Date with respect to such Called Principal, on the display designated as “Page PX1” (or such other display as may replace Page PX1)
on Bloomberg Financial Markets for the most recently issued actively traded on-the-run U.S. Treasury securities (“Reported”) having a maturity equal to the Remaining Average Life of such Called Principal as of such Settlement Date.
If there are no such U.S. Treasury securities Reported having a maturity equal to such Remaining Average Life, then such implied yield to maturity will be determined by (a) converting U.S. Treasury bill quotations to bond equivalent

  
 23 

 
yields in accordance with accepted financial practice and (b) interpolating linearly between the yields Reported for the applicable most recently issued actively traded on-the-run U.S.
Treasury securities with the maturities (1) closest to and greater than such Remaining Average Life and (2) closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the number of decimal places
as appears in the interest rate of the applicable Note. 
 If such yields are not Reported or the yields Reported as of such time are not
ascertainable (including by way of interpolation), then “Reinvestment Yield” means, with respect to the Called Principal of any Note, 0.50% over the yield to maturity implied by the U.S. Treasury constant maturity yields reported,
for the latest day for which such yields have been so reported as of the second Business Day preceding the Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor publication)
for the U.S. Treasury constant maturity having a term equal to the Remaining Average Life of such Called Principal as of such Settlement Date. If there is no such U.S. Treasury constant maturity having a term equal to such Remaining Average Life,
such implied yield to maturity will be determined by interpolating linearly between (1) the U.S. Treasury constant maturity so reported with the term closest to and greater than such Remaining Average Life and (2) the U.S. Treasury constant
maturity so reported with the term closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note. 

“Remaining Average Life” means, with respect to any Called Principal, the number of years obtained by dividing (i) such
Called Principal into (ii) the sum of the products obtained by multiplying (a) the principal component of each Remaining Scheduled Payment with respect to such Called Principal by (b) the number of years, computed on the basis of a
360-day year composed of twelve 30-day months and calculated to two decimal places, that will elapse between the Settlement Date with respect to such Called Principal and the scheduled due date of such Remaining Scheduled Payment. 

“Remaining Scheduled Payments” means, with respect to the Called Principal of any Note, all payments of such Called Principal
and interest thereon that would be due after the Settlement Date with respect to such Called Principal if no payment of such Called Principal were made prior to its scheduled due date, provided that if such Settlement Date is not a date on
which interest payments are due to be made under the terms of the Notes, then the amount of the next succeeding scheduled interest payment will be reduced by the amount of interest accrued to such Settlement Date and required to be paid on such
Settlement Date pursuant to Section 8.4 or Section 12.1. 
 “Settlement Date” means, with respect to the Called
Principal of any Note, the date on which such Called Principal is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires. 

Section 8.7. Change of Control Prepayment. 

(a) Within 10 Business Days following the date of any Change of Control, the Company shall give written notice of such Change
of Control (a “Change of Control Notice”) to each holder of a Note, which shall contain and constitute an offer to prepay 

  
 24 

 
(the “Change of Control Offer”) the entire unpaid principal amount of Notes issued by it that are held by such holder, together with any accrued and unpaid interest thereon
(without any Make-Whole Amount) on a date specified in such Change of Control Notice, which date shall be a Business Day not less than 30 days and not more than 60 days after the date of such Change of Control Notice (the “Change of Control
Prepayment Date”) (if such date shall not be specified in such Change of Control Notice, the Change of Control Prepayment Date shall be the first Business Day after the 45th Business Day after the date of such Change of Control Notice). The
Change of Control Notice shall (i) describe the facts and circumstances of such Change of Control in reasonable detail, (ii) refer to this Section 8.7 and the rights of the holders hereunder, (iii) contain the Change of Control Offer, (iv) state the
amount of interest that would be paid on such Change of Control Prepayment Date with respect to such holder’s Notes, and (v) request that such holder notify the Company in writing by a stated date (the “Change of Control Acceptance
Notification Date”), which date shall not be less than 20 days after such holder’s receipt of such Change of Control Notice, if such holder wishes its Notes to be so prepaid. 

(b) To accept an offer of prepayment set forth in a Change of Control Notice, a holder of a Note shall cause a written notice
of such acceptance to be delivered to the Company on or before the Change of Control Acceptance Notification Date. If a holder does not notify the Company on or before the Change of Control Acceptance Notification Date of such holder’s
acceptance or rejection of the prepayment offer contained in the Change of Control Notice, then the holder shall be deemed to have rejected the prepayment offer. 

(c) On the Change of Control Prepayment Date, the entire outstanding principal amount of the Notes held by each holder of a
Note that has accepted such prepayment offer, together with any interest accrued thereon to the Change of Control Prepayment Date, shall become due and payable. 

(d) Nothing in this Section 8.7 shall be construed to limit the rights or remedies of the holders following a Default or Event
of Default. 
 Section 8.8. Disposition of Assets Prepayment. 

(a) In the event the Company makes an offer of prepayment of the Notes pursuant to Section 10.7(g)(ii), the Company shall give
written notice thereof (an “Asset Disposition Prepayment Notice”) to each holder of a Note, which notice shall contain and constitute an offer to prepay (the “Asset Disposition Prepayment Offer”) a stated portion of
the outstanding principal amount of the Notes issued by it that are held by such holder in an aggregate amount equal to such holder’s Pro Rata Amount of the Net Proceeds of such Disposition being applied in accordance with Section 10.7(g)(ii),
together with any accrued and unpaid interest thereon (without any Make-Whole Amount) on a date specified in such Asset Disposition Prepayment Notice, which date shall be a Business Day not less than 30 days and not more than 60 days after the date
of such Asset Disposition Prepayment Notice (the “Asset Disposition Prepayment Date”) (if such date shall not be specified in such Asset Disposition Prepayment Notice, the 

  
 25 

 
Asset Disposition Prepayment Date shall be the first Business Day after the 45th Business Day after the date of such Asset Disposition Prepayment Notice). The Asset Disposition Prepayment Notice
shall (i) describe the nature of the relevant Disposition in reasonable detail, (ii) refer to this Section 8.8 and the rights of the holders hereunder, (iii) state the amount of the Net Proceeds of such Disposition and the aggregate principal amount
of Indebtedness being prepaid and/or offered to be prepaid pursuant to Section 10.7(g)(ii), (iv) contain the Asset Disposition Prepayment Offer, (v) state the amount of interest that would be paid on such Asset Disposition Prepayment Date with
respect to such holder’s Notes and (vi) request that such holder notify the Company in writing by a stated date (the “Asset Disposition Acceptance Notification Date”), which date shall be not less than 20 days after such
holder’s receipt of such Asset Disposition Prepayment Notice, if such holder wishes its Notes to be so prepaid. 
 (b)
To accept an offer of prepayment set forth in an Asset Disposition Prepayment Notice, a holder of a Note shall cause a written notice of such acceptance to be delivered to the Company on or before the Asset Disposition Acceptance Notification Date.
If a holder does not notify the Company on or before the Asset Disposition Acceptance Notification Date of such holder’s acceptance or rejection of the prepayment offer contained in the Asset Disposition Prepayment Notice, then the holder shall
be deemed to have rejected the prepayment offer. 
 (c) On the Asset Disposition Prepayment Date, the appropriate outstanding
principal amount of the Notes held by each holder of Notes that has accepted such prepayment offer (equal to such holder’s Pro Rata Amount of the Net Proceeds of the relevant Disposition being applied pursuant to Section 10.7(g)(ii)), together
with any interest accrued thereon to the Asset Disposition Prepayment Date, shall become due and payable. 
 (d) Nothing in
this Section 8.8 shall be construed to limit the rights or remedies of the holders following a Default or Event of Default. 
 Section
8.9. Payments Due on Non-Business Days. Anything in this Agreement or the Notes to the contrary notwithstanding, (x) subject to clause (y), any payment of interest on any Note that is due on a date that is not a Business Day
shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; and (y) any payment of principal of or Make-Whole Amount on any Note
(including principal due on the Maturity Date of such Note) that is due on a date that is not a Business Day shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on
such next succeeding Business Day. 
 SECTION 9. AFFIRMATIVE COVENANTS. 

The Company covenants that so long as any of the Notes are outstanding: 

Section 9.1. Compliance with Laws. Without limiting Section 10.4, the Company will, and will cause each of its
Subsidiaries to, comply with all laws, ordinances or governmental 

  
 26 

 
rules or regulations to which each of them is subject, including, without limitation, ERISA (assuming the representations in Section 6.2 made or deemed made by each Purchaser or transferee of a
Note are true), Environmental Laws, the USA PATRIOT Act and the other laws and regulations that are referred to in Section 5.16, and will obtain and maintain in effect all licenses, certificates, permits, franchises and other governmental
authorizations necessary to the ownership of their respective properties or to the conduct of their respective businesses, in each case to the extent necessary to ensure that non-compliance with such laws, ordinances or governmental rules or
regulations or failures to obtain or maintain in effect such licenses, certificates, permits, franchises and other governmental authorizations could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 Section 9.2. Insurance. The Company will, and will cause each of its Subsidiaries to, maintain, with financially sound
and reputable insurers, insurance with respect to their respective properties and businesses against such casualties and contingencies, of such types, on such terms and in such amounts (including deductibles, co-insurance and self-insurance, if
adequate reserves are maintained with respect thereto) as is customary in the case of entities of established reputations engaged in the same or a similar business and similarly situated. 

Section 9.3. Maintenance of Properties. The Company will, and will cause each of its Subsidiaries to, maintain and keep, or
cause to be maintained and kept, their respective properties in good repair, working order and condition (other than ordinary wear and tear), so that the business carried on in connection therewith may be properly conducted at all times,
provided that this Section shall not prevent the Company or any Subsidiary from discontinuing the operation and the maintenance of any of its properties if such discontinuance is desirable in the conduct of its business and the Company has
concluded that such discontinuance could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 9.4. Payment of Taxes and Claims. The Company will, and will cause each of its Subsidiaries to, file all tax
returns required to be filed in any jurisdiction and to pay and discharge all taxes shown to be due and payable on such returns and all other taxes, assessments, governmental charges, or levies imposed on them or any of their properties, assets,
income or franchises, to the extent the same have become due and payable and before they have become delinquent and all claims for which sums have become due and payable that have or might become a Lien on properties or assets of the Company or any
Subsidiary, provided that neither the Company nor any Subsidiary need pay any such tax, assessment, charge, levy or claim if (i) the amount, applicability or validity thereof is contested by the Company or such Subsidiary on a timely
basis in good faith and in appropriate proceedings, and the Company or a Subsidiary has established adequate reserves therefor in accordance with GAAP on the books of the Company or such Subsidiary or (ii) the nonpayment of all such taxes,
assessments, charges, levies and claims could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 9.5. Corporate Existence, Etc. Subject to Section 10.2, the Company will at all times preserve and keep its
corporate existence in full force and effect. Subject to Sections 10.2 and 10.7, the Company will at all times preserve and keep in full force and effect the corporate existence of each of its Subsidiaries (unless merged into the Company or a
Wholly-Owned Subsidiary) and all rights and franchises of the Company and its Subsidiaries unless, in 

  
 27 

 
the good faith judgment of the Company, the termination of or failure to preserve and keep in full force and effect such corporate existence, right or franchise could not, individually or in the
aggregate, have a Material Adverse Effect. 
 Section 9.6. Books and Records. The Company will, and will cause each of
its Subsidiaries to, maintain proper books of record and account in conformity with GAAP and all applicable requirements of any Governmental Authority having legal or regulatory jurisdiction over the Company or such Subsidiary, as the case may
be. The Company will, and will cause each of its Consolidated Subsidiaries to, keep books, records and accounts which, in reasonable detail, accurately reflect all transactions and dispositions of assets. The Company and its Consolidated
Subsidiaries have devised a system of internal accounting controls sufficient to provide reasonable assurances that their respective books, records and accounts accurately reflect all transactions and dispositions of assets and the Company will, and
will cause each of its Consolidated Subsidiaries to, continue to maintain such system. 
 Section 9.7. Subsidiary Guarantors.

 (a) The Company will cause (i) each of its Subsidiaries that guarantees or otherwise becomes liable at any time, whether
as a borrower or an additional or co-borrower or otherwise, for or in respect of any Indebtedness under any Material Credit Facility, and (ii) Evercore East upon the earlier of (x) the refinancing of the FRB Loan Agreement and (y) June 30, 2016, to
concurrently therewith: 
 (i) enter into and deliver to each holder of a Note a Subsidiary Guaranty; and 

(ii) deliver the following to each holder of a Note: 

(A) a certificate signed by an authorized responsible officer of such Subsidiary containing representations and warranties on
behalf of such Subsidiary to the same effect, mutatis mutandis, as those contained in Sections 5.1, 5.2, 5.6 and 5.7 of this Agreement (but with respect to such Subsidiary and such Subsidiary Guaranty rather than the Company or an Original
Subsidiary Guarantor); 
 (B) all documents as may be reasonably requested by the Required Holders to evidence the due
organization, continuing existence and good standing of such Subsidiary and the due authorization by all requisite action on the part of such Subsidiary of the execution and delivery of such Subsidiary Guaranty and the performance by such Subsidiary
of its obligations thereunder; 
 (C) an opinion of counsel reasonably satisfactory to the Required Holders covering such
matters relating to such Subsidiary and such Subsidiary Guaranty as the Required Holders may reasonably request; and 

  
 28 

 (D) if such Subsidiary is organized under the laws of a jurisdiction outside the
United States, evidence of the acceptance by a process agent that is reasonably satisfactory to the Required Holders of the appointment and designation provided for by such Subsidiary Guaranty, as such Subsidiary’s agent to receive, for it and
on its behalf, service of process, for the period from the date of such Subsidiary Guaranty to March 30, 2029 (and the payment in full of all fees in respect thereof). 

(b) Subject to Section 9.7(a), the Company may, at its election, at any time, cause any Subsidiary which is not then a
Subsidiary Guarantor to become a Subsidiary Guarantor by delivering each of the documents and satisfying each of the other conditions specified in clauses (i) and (ii) of Section 9.7(a) with respect to such Subsidiary. 

(c) At the election of the Company and by written notice to each holder of Notes, any Subsidiary Guarantor (other than an
Original Subsidiary Guarantor and Evercore East) may be discharged from all of its obligations and liabilities under its Subsidiary Guaranty and shall be automatically released from its obligations thereunder without the need for the execution or
delivery of any other document by the holders, provided that (i) if such Subsidiary Guarantor is a guarantor or is otherwise liable, whether as a borrower or an additional or co-borrower or otherwise, for or in respect of any Indebtedness under any
Material Credit Facility, then such Subsidiary Guarantor shall have been released and discharged (or will be released and discharged concurrently with the release of such Subsidiary Guarantor under its Subsidiary Guaranty) under such Material Credit
Facility, (ii) at the time of, and after giving effect to, such release and discharge, no Default or Event of Default shall be existing, (iii) no amount is then due and payable under such Subsidiary Guaranty, (iv) if in connection with such
Subsidiary Guarantor being released and discharged under any Material Credit Facility, any fee or other form of consideration is given to any holder of Indebtedness under such Material Credit Facility for such release, the holders of the Notes shall
receive equivalent consideration substantially concurrently therewith and (v) each holder shall have received a certificate of a Responsible Officer certifying as to the matters set forth in clauses (i) through (iv). In the event of any such
release, for purposes of Section 10.6, all Indebtedness of such Subsidiary shall be deemed to have been incurred concurrently with such release. 

SECTION 10. NEGATIVE COVENANTS. 
 The
Company covenants that so long as any of the Notes are outstanding: 
 Section 10.1. Transactions with Affiliates. The Company
will not and will not permit any Subsidiary to enter into directly or indirectly any transaction or group of related transactions (including without limitation the purchase, lease, sale or exchange of properties of any kind or the rendering of any
service) with any Affiliate (other than the Company or another Subsidiary), except pursuant to the reasonable requirements of the Company’s or such Subsidiary’s business and upon fair and reasonable terms no less favorable to the Company
or such Subsidiary than would be obtainable in a comparable arm’s-length transaction with a Person not an Affiliate. 

  
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 Section 10.2. Merger, Consolidation, Etc. The Company will not, and will not
permit any Subsidiary Guarantor to, consolidate with or merge with any other Person or convey, transfer or lease all or substantially all of its assets in a single transaction or series of transactions to any Person unless: 

(a) in the case of any such transaction involving the Company, the successor formed by such consolidation or the survivor of
such merger or the Person that acquires by conveyance, transfer or lease all or substantially all of the assets of the Company as an entirety, as the case may be, shall be a solvent corporation, partnership or limited liability company organized and
existing under the laws of the United States or any state thereof (including the District of Columbia), and, if the Company is not such corporation, partnership or limited liability company, (i) such corporation, partnership or limited liability
company shall have executed and delivered to each holder of any Notes its assumption of the due and punctual performance and observance of each covenant and condition of this Agreement and the Notes and (ii) such corporation, partnership or limited
liability company shall have caused to be delivered to each holder of any Notes an opinion of nationally recognized independent counsel, or other independent counsel reasonably satisfactory to the Required Holders, to the effect that all agreements
or instruments effecting such assumption are enforceable in accordance with their terms and comply with the terms hereof; 

(b) in the case of any such transaction involving a Subsidiary Guarantor, the successor formed by such consolidation or the
survivor of such merger or the Person that acquires by conveyance, transfer or lease all or substantially all of the assets of such Subsidiary Guarantor as an entirety, as the case may be, shall be (i) the Company, such Subsidiary Guarantor or
another Subsidiary Guarantor; or (ii) a solvent corporation, partnership or limited liability company (other than the Company or another Subsidiary Guarantor) that is organized and existing under the laws of the United States or any state thereof
(including the District of Columbia) or the jurisdiction of organization of such Subsidiary Guarantor and, if such Subsidiary Guarantor is not such corporation, partnership or limited liability company, (A) such corporation, partnership or limited
liability company shall have executed and delivered to each holder of Notes its assumption of the due and punctual performance and observance of each covenant and condition of the Subsidiary Guaranty of such Subsidiary Guarantor, (B) the Company
shall have caused to be delivered to each holder of Notes an opinion of nationally recognized independent counsel in the appropriate jurisdiction(s), or other independent counsel reasonably satisfactory to the Required Holders, to the effect that
all agreements or instruments effecting such assumption are enforceable in accordance with their terms and comply with the terms hereof and (C) if such corporation, partnership or limited liability company is organized under the laws of a
jurisdiction outside the United States, it shall have provided to the holders evidence of the acceptance by a process agent that is reasonably satisfactory to the Required Holders of the appointment and designation provided for by such Subsidiary
Guaranty for the period of time from the date of such transaction to March 30, 2029 (and the payment in full of all fees in respect thereof); 

(c) each Subsidiary Guarantor under any Subsidiary Guaranty that is outstanding at the time such transaction or each
transaction in such a series of transactions occurs reaffirms its obligations under such Subsidiary Guaranty in writing at such time pursuant to documentation that is reasonably acceptable to the Required Holders; and 

  
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 (d) immediately before and immediately after giving effect to such transaction or
each transaction in any such series of transactions, no Default or Event of Default shall have occurred and be continuing. 
 No such conveyance, transfer
or lease of substantially all of the assets of the Company or any Subsidiary Guarantor shall have the effect of releasing the Company or such Subsidiary Guarantor, as the case may be, or any successor corporation or limited liability company that
shall theretofore have become such in the manner prescribed in this Section 10.2, from its liability under (x) this Agreement or the Notes (in the case of the Company) or (y) the Subsidiary Guaranty (in the case of any Subsidiary Guarantor). 

Section 10.3. Line of Business. The Company will not and will not permit any Subsidiary to engage in any business if, as a
result, the general nature of the business in which the Company and its Subsidiaries, taken as a whole, would then be engaged would be substantially changed from the general nature of the business in which the Company and its Subsidiaries, taken as
a whole, are engaged on the date of this Agreement as described in the Memorandum or any businesses, services or activities that are related, incidental or complementary thereto or extensions or developments thereof. 

Section 10.4. Terrorism Sanctions Regulations. The Company will not and will not permit any Controlled Entity (a) to
become (including by virtue of being owned or controlled by a Blocked Person), own or control a Blocked Person or any Person that is the target of sanctions imposed by the United Nations or by the European Union, or (b) directly or indirectly to
have any investment in or engage in any dealing or transaction (including, without limitation, any investment, dealing or transaction involving the proceeds of the Notes) with any Person if such investment, dealing or transaction (i) would cause any
holder to be in violation of any law or regulation applicable to such holder, or (ii) is prohibited by or subject to sanctions under any U.S. Economic Sanctions, or (c) to engage, nor shall any Affiliate of either engage, in any activity that could
subject such Person or any holder to sanctions under CISADA or any similar law or regulation with respect to Iran or any other country that is subject to U.S. Economic Sanctions. 

Section 10.5. Liens. The Company will not and will not permit any of its Subsidiaries to directly or indirectly create,
incur, assume or permit to exist (upon the happening of a contingency or otherwise) any Lien on or with respect to any property or asset (including, without limitation, any document or instrument in respect of goods or accounts receivable) of the
Company or any such Subsidiary, whether now owned or held or hereafter acquired, or any income or profits therefrom, or assign or otherwise convey any right to receive income or profits, except: 

(a) Liens existing on the date of this Agreement (other than Liens securing obligations arising under the FRB Loan Documents or
the BBVA Trade Financing) and listed on Schedule 10.5 and any renewals, extensions or refundings thereof, provided that 

  
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(i) the property covered thereby is not changed (other than after-acquired property that is affixed or incorporated into the property covered by such Lien and proceeds and products thereof), (ii)
the amount secured or benefited thereby is not increased, and (iii) the direct or any contingent obligor with respect thereto is not changed; 

(b) Liens for taxes, assessments or other governmental charges which are not yet due and payable or which are being contested
in good faith and by appropriate proceedings, if adequate reserves with respect thereto are maintained on the books of the Company or the applicable Subsidiary, as the case may be, in accordance with GAAP; 

(c) Liens imposed by law, such as carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or
other like Liens arising in the ordinary course of business which secure amounts not overdue for a period of more than 30 days or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with
respect thereto are maintained on the books of the Company or the applicable Subsidiary, as the case may be, in conformity with GAAP; 

(d) pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment
insurance and other social security legislation; 
 (e) rights of setoff, banker’s lien, netting agreements and other
similar Liens arising by operation of law or by of the terms of documents of banks or other financial institutions in relation to the maintenance or administration of deposit accounts, securities accounts or cash management arrangements and for the
purpose of netting debit and credit balances; 
 (f) Liens arising from precautionary Uniform Commercial Code financing
statements or any similar filings made in respect of operating leases; 
 (g) Liens on property created contemporaneously
with its acquisition or within 120 days of the acquisition or completion of construction or development thereof to secure or provide for all or a portion of the purchase price or cost of the acquisition, construction or development of such property
after the date of the Closing, provided that (i) such Liens do not extend to additional property of the Company or any Subsidiary (other than property that is an improvement to or is acquired for specific use in connection with the subject
property) and (ii) the aggregate principal amount of Indebtedness secured by each such Lien does not exceed the fair market value of the property subject thereto; 

(h) Liens over or affecting any asset acquired by the Company or a Subsidiary after the date of this Agreement if: 

(i) the Lien existed at the time of acquisition of that asset by the Company or the applicable Subsidiary, as the case may be,
and was not created in contemplation of the acquisition of such asset; 
 (ii) the principal amount secured has not been
increased in contemplation of or since the acquisition of such asset; and 

  
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 (iii) the Lien is removed or discharged within 365 days of the date of
acquisition of such asset; 
 (i) Liens over or affecting any asset of any entity which becomes a Subsidiary after the date
of this Agreement if: 
 (i) the Lien existed at the time such entity became a Subsidiary, and was not created in
contemplation of the acquisition of such entity; 
 (ii) the principal amount secured has not been increased in contemplation
of or since the acquisition of such entity; and 
 (iii) the Lien is removed or discharged within 365 days of such entity
becoming a Subsidiary; 
 (j) Liens on trading securities of Evercore Casa de Bolsa, S.A. de C.V. securing Indebtedness of
Evercore Casa de Bolsa, S.A. de C.V. arising under the BBVA Trade Financing in an aggregate principal amount not to exceed Mexican Pesos 250,000,000; 

(k) Liens related to repurchase agreements, intraday and overnight borrowings and similar activities in the ordinary course of
the Company’s or a Subsidiary’s business; 
 (l) Liens on deposits to secure the performance of bids, trade
contracts and leases (other than Indebtedness), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; and 

(m) other Liens securing Indebtedness of the Company or any Subsidiary not otherwise permitted by clauses (a) through (l)
above, provided that the sum of (i) the aggregate principal amount of all Indebtedness that has the benefit of a Lien under this clause (m) plus (without duplication) (ii) the aggregate principal amount of all Indebtedness outstanding
pursuant to clause (f) of Section 10.6, shall not at any time exceed an amount equal to 15% of Consolidated Total Assets (as measured on the last day of the then most recently ended fiscal year of the Company with respect to which financial
statements have been delivered to the holders), provided, further, that notwithstanding the foregoing, the Company shall not, and shall not permit any of its Subsidiaries to, secure pursuant to this Section 10.5(m) any Indebtedness
outstanding under or pursuant to any Material Credit Facility unless and until the Notes (and any guaranty delivered in connection therewith) shall concurrently be secured equally and ratably with such Indebtedness pursuant to documentation
reasonably acceptable to the Required Holders in substance and in form, including, without limitation, an intercreditor agreement and opinions of counsel to the Company and/or any such Subsidiary, as the case may be, from counsel that is reasonably
acceptable to the Required Holders. 

  
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 Section 10.6. Subsidiary Indebtedness. The Company will not permit any of its
Subsidiaries to create, assume, incur, guarantee or otherwise be or become liable in respect of any Indebtedness except: 

(a) Indebtedness of any Subsidiary that is a Subsidiary Guarantor at the time of determination, provided that the Company shall
have complied at the time of determination with the provisions of Section 9.7 with respect to such Subsidiary Guarantor; 

(b) Indebtedness of a Subsidiary outstanding on the date of this Agreement (other than Indebtedness arising under the FRB Loan
Documents or the BBVA Trade Financing) and listed on Schedule 5.15 and any renewals, extensions or refundings thereof, provided that (i) the principal amount thereof outstanding after giving effect to such renewal, extension or refunding does not
exceed the principal amount of such Indebtedness outstanding on the date of this Agreement and (ii) the direct or any contingent obligor with respect thereto is not changed; 

(c) Indebtedness owing to the Company or a Subsidiary Guarantor; 

(d) Indebtedness of a Subsidiary outstanding at the time such Subsidiary becomes a Subsidiary and any renewals, extensions or
refundings of such Indebtedness, provided that (i) such Indebtedness shall not have been incurred in contemplation of such Subsidiary becoming a Subsidiary, (ii) the principal amount of such Indebtedness outstanding immediately after giving effect
to any extension, renewal or refunding thereof does not exceed the principal amount of such Indebtedness outstanding at the time such Subsidiary became a Subsidiary and (iii) such Indebtedness remains outstanding for a period of not more than 365
days from the date such Subsidiary becomes a Subsidiary; 
 (e) Indebtedness of Evercore Casa de Bolsa, S.A. de C.V. arising
under the BBVA Trade Financing in an aggregate principal amount not to exceed Mexican Pesos 250,000,000; and 
 (f)
Indebtedness not otherwise permitted by clauses (a) through (e) above, provided that the sum of (i) the aggregate principal amount of all Indebtedness outstanding pursuant to this clause (f) plus (without duplication) (ii) the
aggregate principal amount of all Indebtedness that has the benefit of a Lien under clause (m) of Section 10.5, shall not at any time exceed an amount equal to 15% of Consolidated Total Assets (as measured on the last day of the then most recently
ended fiscal year of the Company with respect to which financial statements have been delivered to the holders). 
 Section 10.7.
Disposition of Assets. The Company will not and will not permit any of its Subsidiaries to make any Disposition except: 

(a) Dispositions by the Company to a Wholly-Owned Subsidiary; 

(b) Dispositions by a Wholly-Owned Subsidiary to the Company or another Wholly-Owned Subsidiary; 

(c) Dispositions by a non-Wholly-Owned Subsidiary to the Company or any Subsidiary; 

  
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 (d) the Disposition of obsolete or worn out property in the ordinary course of
business; 
 (e) the licensing or sub-licensing of intellectual property or other general intangibles in the ordinary course
of business; 
 (f) leases, subleases, licenses, or sublicenses, in each case in the ordinary course of business, which are
not sale-leaseback transactions and which do not materially interfere with the business of the Company and its Subsidiaries, taken as a whole; 

(g) Dispositions for at least fair market value (as determined in good faith by a Responsible Officer of the Company) to the
extent that Net Proceeds of such Disposition (or an equal amount) are applied within 365 days after the date of such Disposition to either or both (without duplication) of: 

(i) the purchase of current assets of a similar nature to those Disposed of, or the purchase, acquisition, development,
redevelopment or construction of non-current assets (including, for the avoidance of doubt, to the extent permitted by the other terms of this Agreement, capital expenditures, acquisitions of shares or any other form of interest in a company or
other entity, acquisitions of assets, and other investments (including signing payments, retention payments or other payments to anticipated Affiliates or employees, but excluding any such payments made by virtue of a repurchase of equity interests
or a dividend on equity interests)) which are to be used or useful in the business of the Company or a Subsidiary, and/or 

(ii) the permanent repayment or prepayment of unsubordinated Indebtedness of the Company or a Subsidiary (other than
Indebtedness owing to the Company, any Subsidiary or any Affiliate), provided that the Company has offered to prepay the outstanding Notes held by each holder in accordance with Section 8.8 in an aggregate principal amount equal to such
holder’s Pro Rata Amount of the portion of the Net Proceeds of such Disposition being applied or offered to be applied pursuant to this clause (g)(ii); and 

(h) other Dispositions not otherwise permitted by clauses (a) through (g) above, to the extent the higher of the Net Proceeds
of such Disposition and the Disposition Value of the property Disposed of in such Disposition, when aggregated with the higher of the Net Proceeds and the Disposition Value with respect to all other Dispositions made by the Company and its
Subsidiaries pursuant to this clause (h) in the same fiscal year of the Company in which such Disposition is made, does not exceed an amount equal to 10% of Consolidated Total Assets (as measured on the last day of the then most recently ended
fiscal year of the Company with respect to which financial statements have been delivered to the holders), 
 provided that, in the event that some,
but not all, of the Net Proceeds of a Disposition are applied in accordance with clause (g) above, only the portion of the Net Proceeds that are not so applied in accordance with such clause (g) (or, if higher, a proportionate amount of the
Disposition Value of the property Disposed of in such Disposition) shall be counted towards and included in the calculation set forth in clause (h) above, 

  
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 provided further that, in each case, immediately after giving effect to such Disposition, no Default or
Event of Default would exist (including under Sections 10.5, 10.6 and 10.8 as of the end of the most recently ended quarterly or annual fiscal period as if such Disposition occurred on such date). 

Section 10.8. Financial Covenants. 

(a) Maximum Consolidated Leverage Ratio. The Company will not permit the Consolidated Leverage Ratio as of the last
day of any period of four consecutive fiscal quarters of the Company to be greater than 2.0:1.0. 
 (b) Minimum
Consolidated Interest Coverage Ratio. The Company will not permit the Consolidated Interest Coverage Ratio in respect of any period of four consecutive fiscal quarters of the Company to be less than 2.5:1.0. 

(c) Minimum Consolidated Tangible Net Worth. The Company will not permit Consolidated Tangible Net Worth to be less
than $324,834,000 as of the last day of any fiscal quarter of the Company. 
 SECTION 11. EVENTS OF DEFAULT. 

An “Event of Default” shall exist if any of the following conditions or events shall occur and be continuing: 

(a) the Company defaults in the payment of any principal or Make-Whole Amount, if any, on any Note when the same becomes due
and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise; or 
 (b) the Company
defaults in the payment of any interest on any Note for more than five Business Days after the same becomes due and payable; or 

(c) the Company defaults in the performance of or compliance with any term contained in Section 7.1(d) or Section 10.8; or

 (d) the Company or any Subsidiary Guarantor defaults in the performance of or compliance with any term contained herein
(other than those referred to in Sections 11(a), (b) and (c)) or in any Subsidiary Guaranty and such default is not remedied within 30 days after the earlier of (i) a Responsible Officer obtaining actual knowledge of such default and
(ii) the Company receiving written notice of such default from any holder of a Note (any such written notice to be identified as a “notice of default” and to refer specifically to this Section 11(d)); or 

(e) (i) any representation or warranty made in writing by or on behalf of the Company or by any officer of the Company in this
Agreement or any writing furnished in connection with the transactions contemplated hereby proves to have been false or 

  
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incorrect in any material respect on the date as of which made, or (ii) any representation or warranty made in writing by or on behalf of any Subsidiary Guarantor or by any officer of such
Subsidiary Guarantor in any Subsidiary Guaranty or any writing furnished in connection with such Subsidiary Guaranty proves to have been false or incorrect in any material respect on the date as of which made; or 

(f) (i) the Company or any Subsidiary is in default (as principal or as guarantor or other surety) in the payment of any
principal of or premium or make-whole amount or interest on any Indebtedness that is outstanding in an aggregate principal amount of at least $25,000,000 (or its equivalent in other currencies) beyond any period of grace provided with respect
thereto, or (ii) the Company or any Subsidiary is in default in the performance of or compliance with any term of any evidence of any Indebtedness in an aggregate outstanding principal amount of at least $25,000,000 (or its equivalent in other
currencies) or of any mortgage, indenture or other agreement relating thereto or any other condition exists, and as a consequence of such default or condition such Indebtedness has become, or has been declared (or one or more Persons are entitled to
declare such Indebtedness to be), due and payable before its stated maturity or before its regularly scheduled dates of payment, or (iii) as a consequence of the occurrence or continuation of any event or condition (other than the passage of
time, the right of the holder of Indebtedness to convert such Indebtedness into equity interests, any voluntary call or voluntary prepayment of such Indebtedness, or solely as a result of a Change of Control Offer or an Asset Disposition Prepayment
Offer), (x) the Company or any Subsidiary has become obligated to purchase or repay Indebtedness before its regular maturity or before its regularly scheduled dates of payment in an aggregate outstanding principal amount of at least $25,000,000
(or its equivalent in other currencies), or (y) one or more Persons have the right to require the Company or any Subsidiary so to purchase or repay such Indebtedness; or 

(g) the Company or any Significant Subsidiary (i) is generally not paying, or admits in writing its inability to pay, its
debts as they become due, (ii) files, or consents by answer or otherwise to the filing against it of, a petition for relief or reorganization or arrangement or any other petition in bankruptcy, for liquidation or to take advantage of any
bankruptcy, insolvency, reorganization, moratorium or other similar law of any jurisdiction, (iii) makes an assignment for the benefit of its creditors, (iv) consents to the appointment of a custodian, receiver, trustee or other officer
with similar powers with respect to it or with respect to any substantial part of its property, (v) is adjudicated as insolvent or to be liquidated, or (vi) takes corporate action for the purpose of any of the foregoing; or 

(h) a court or other Governmental Authority of competent jurisdiction enters an order appointing, without consent by the
Company or any of its Significant Subsidiaries, a custodian, receiver, trustee or other officer with similar powers with respect to it or with respect to any substantial part of its property, or constituting an order for relief or approving a
petition for relief or reorganization or any other petition in bankruptcy or for liquidation or to take advantage of any bankruptcy or insolvency law of any jurisdiction, or ordering the dissolution, winding-up or liquidation of the Company or any
of its Significant Subsidiaries, or any such petition shall be filed against the Company or any of its Significant Subsidiaries and such petition shall not be dismissed within 60 days; or 

  
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 (i) one or more final judgments or orders for the payment of money aggregating in
excess of $25,000,000 (or its equivalent in other currencies), including, without limitation, any such final order enforcing a binding arbitration decision, are rendered against one or more of the Company and its Subsidiaries and which judgments are
not, within 60 days after entry thereof, bonded, discharged or stayed pending appeal, or are not discharged within 60 days after the expiration of such stay; or 

(j) if (i) any Plan shall fail to satisfy the minimum funding standards of ERISA or the Code for any plan year or part thereof
or a waiver of such standards or extension of any amortization period is sought or granted under section 412 of the Code, (ii) a notice of intent to terminate any Plan shall have been or is reasonably expected to be filed with the PBGC or the PBGC
shall have instituted proceedings under ERISA section 4042 to terminate or appoint a trustee to administer any Plan or the PBGC shall have notified the Company or any ERISA Affiliate that a Plan may become a subject of any such proceedings, (iii)
the aggregate “amount of unfunded benefit liabilities” (within the meaning of section 4001(a)(18) of ERISA) under all Plans and/or, in case of a Multiemployer Plan, the amount of such liabilities that would be payable by the Company and
its ERISA Affiliates in the event of the termination of the Multiemployer Plan, (iv) the Company or any ERISA Affiliate shall have incurred or is reasonably expected to incur any liability pursuant to Title I or IV of ERISA or the penalty or excise
tax provisions of the Code relating to Plans, (v) the Company or any ERISA Affiliate withdraws from any Multiemployer Plan, or (vi) the Company or any Subsidiary establishes or amends any employee welfare benefit plan that provides post-employment
welfare benefits in a manner that would increase the liability of the Company or any Subsidiary thereunder; and any such event or events described in clauses (i) through (vi) above, either individually or together with any other such event or
events, could reasonably be expected to have a Material Adverse Effect. As used in this Section 11(j), the term “employee welfare benefit plan” shall have the meaning assigned to such term in section 3 of ERISA; or 

(k) any Subsidiary Guaranty shall cease to be in full force and effect (other than in accordance with Section 9.7(c)), any
Subsidiary Guarantor or any Person acting on behalf of any Subsidiary Guarantor shall contest in any manner the validity, binding nature or enforceability of any Subsidiary Guaranty, or the obligations of any Subsidiary Guarantor under any
Subsidiary Guaranty are not or cease to be legal, valid, binding and enforceable in accordance with the terms of such Subsidiary Guaranty. 
 SECTION 12.
REMEDIES ON DEFAULT, ETC. 
 Section 12.1. Acceleration. 

(a) If an Event of Default with respect to the Company described in Section 11(g) or (h) (other than an Event of Default
described in clause (i) of Section 11(g) or described in clause (vi) of Section 11(g) by virtue of the fact that such clause encompasses clause (i) of Section 11(g)) has occurred, all the Notes then outstanding shall automatically
become immediately due and payable. 

  
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 (b) If any other Event of Default has occurred and is continuing, the Required
Holders may at any time at its or their option, by notice or notices to the Company, declare all the Notes then outstanding to be immediately due and payable. 

(c) If any Event of Default described in Section 11(a) or (b) has occurred and is continuing, any holder or holders of
Notes at the time outstanding affected by such Event of Default may at any time, at its or their option, by notice or notices to the Company, declare all the Notes held by it or them to be immediately due and payable. 

Upon any Notes becoming due and payable under this Section 12.1, whether automatically or by declaration, such Notes will forthwith
mature and the entire unpaid principal amount of such Notes, plus (x) all accrued and unpaid interest thereon (including, but not limited to, interest accrued thereon at the Default Rate) and (y) the Make-Whole Amount determined in respect of such
principal amount (to the full extent permitted by applicable law), shall all be immediately due and payable, in each and every case without presentment, demand, protest or further notice, all of which are hereby waived. The Company
acknowledges, and the parties hereto agree, that each holder of a Note has the right to maintain its investment in the Notes free from repayment by the Company (except as herein specifically provided for) and that the provision for payment of a
Make-Whole Amount by the Company in the event that the Notes are prepaid or are accelerated as a result of an Event of Default, is intended to provide compensation for the deprivation of such right under such circumstances. 

Section 12.2. Other Remedies. If any Default or Event of Default has occurred and is continuing, and irrespective of
whether any Notes have become or have been declared immediately due and payable under Section 12.1, the holder of any Note at the time outstanding may proceed to protect and enforce the rights of such holder by an action at law, suit in equity or
other appropriate proceeding, whether for the specific performance of any agreement contained herein or in any Note or Subsidiary Guaranty, or for an injunction against a violation of any of the terms hereof or thereof, or in aid of the exercise of
any power granted hereby or thereby or by law or otherwise. 
 Section 12.3. Rescission. At any time after any Notes have
been declared due and payable pursuant to Section 12.1(b) or (c), the Required Holders, by written notice to the Company, may rescind and annul any such declaration and its consequences if (a) the Company has paid all overdue interest on the
Notes, all principal of and Make-Whole Amount, if any, on any Notes that are due and payable and are unpaid other than by reason of such declaration, and all interest on such overdue principal and Make-Whole Amount, if any, and (to the extent
permitted by applicable law) any overdue interest in respect of the Notes, at the Default Rate, (b) neither the Company nor any other Person shall have paid any amounts which have become due solely by reason of such declaration, (c) all
Events of Default and Defaults, other than non-payment of amounts that have become due solely by reason of such declaration, have been cured or have been waived pursuant to Section 17, and (d) no judgment or decree has been entered for the
payment of any monies due pursuant hereto or to the Notes. No rescission and annulment under this Section 12.3 will extend to or affect any subsequent Event of Default or Default or impair any right consequent thereon. 

  
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 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc. No course of
dealing and no delay on the part of any holder of any Note in exercising any right, power or remedy shall operate as a waiver thereof or otherwise prejudice such holder’s rights, powers or remedies. No right, power or remedy conferred by this
Agreement, any Subsidiary Guaranty or any Note upon any holder thereof shall be exclusive of any other right, power or remedy referred to herein or therein or now or hereafter available at law, in equity, by statute or otherwise. Without limiting
the obligations of the Company under Section 15, the Company will pay to the holder of each Note on demand such further amount as shall be sufficient to cover all costs and expenses of such holder incurred in any enforcement or collection under this
Section 12, including, without limitation, reasonable attorneys’ fees, expenses and disbursements. 
 SECTION 13. REGISTRATION; EXCHANGE;
SUBSTITUTION OF NOTES. 
 Section 13.1. Registration of Notes. The Company shall keep at its principal executive
office a register for the registration and registration of transfers of Notes. The name and address of each holder of one or more Notes, each transfer thereof and the name and address of each transferee of one or more Notes shall be registered
in such register. If any holder of one or more Notes is a nominee, then (a) the name and address of the beneficial owner of such Note or Notes shall also be registered in such register as an owner and holder thereof and (b) at any such beneficial
owner’s option, either such beneficial owner or its nominee may execute any amendment, waiver or consent pursuant to this Agreement. Prior to due presentment for registration of transfer, the Person(s) in whose name any Note(s) shall be
registered shall be deemed and treated as the owner and holder thereof for all purposes hereof, and the Company shall not be affected by any notice or knowledge to the contrary. The Company shall give to any holder of a Note that is an Institutional
Investor promptly upon request therefor, a complete and correct copy of the names and addresses of all registered holders of Notes. 

Section 13.2. Transfer and Exchange of Notes. Upon surrender of any Note to the Company at the address and to the attention of
the designated officer (all as specified in Section 18(iii)), for registration of transfer or exchange (and in the case of a surrender for registration of transfer accompanied by a written instrument of transfer duly executed by the registered
holder of such Note or such holder’s attorney duly authorized in writing and accompanied by the relevant name, address and other information for notices of each transferee of such Note or part thereof), within ten Business Days thereafter, the
Company shall execute and deliver, at the Company’s expense (except as provided below), one or more new Notes (as requested by the holder thereof) of the same Series in exchange therefor, in an aggregate principal amount equal to the unpaid
principal amount of the surrendered Note. Each such new Note shall be payable to such Person as such holder may request and shall be substantially in the form of Schedule 1(a), in the case of a Series A Note, Schedule 1(b), in the case of a Series B
Note, Schedule 1(c), in the case of a Series C Note, or Schedule 1(d), in the case of a Series D Note. Each such new Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Note or dated the date
of the surrendered Note if no interest shall have been paid thereon. The Company may require payment of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such transfer of Notes. Notes

  
 40 

 
shall not be transferred in denominations of less than $100,000, provided that if necessary to enable the registration of transfer by a holder of its entire holding of Notes of any Series, one
Note of such Series may be in a denomination of less than $100,000. Any transferee, by its acceptance of a Note registered in its name (or the name of its nominee), shall be deemed to have made the representations set forth in Section 6.1 and
Section 6.2. 
 Section 13.3. Replacement of Notes. Upon receipt by the Company at the address and to the attention of
the designated officer (all as specified in Section 18(iii)) of evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of any Note (which evidence shall be, in the case of an Institutional
Investor, notice from such Institutional Investor of such ownership and such loss, theft, destruction or mutilation), and 

(a) in the case of loss, theft or destruction, of indemnity reasonably satisfactory to it (provided that if the holder of such
Note is, or is a nominee for, an original Purchaser or another holder of a Note with a minimum net worth of at least $50,000,000 or a Qualified Institutional Buyer, such Person’s own unsecured agreement of indemnity shall be deemed to be
satisfactory), or 
 (b) in the case of mutilation, upon surrender and cancellation thereof, 

within ten Business Days thereafter, the Company at its own expense shall execute and deliver, in lieu thereof, a new Note of the same Series, dated and
bearing interest from the date to which interest shall have been paid on such lost, stolen, destroyed or mutilated Note or dated the date of such lost, stolen, destroyed or mutilated Note if no interest shall have been paid thereon. 

Section 13.4. Legend. Upon issuance of the Notes and until such time, if any, as the same is no longer required under
applicable securities laws, the Notes shall bear the following legend: 
 THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE OFFERED, TRANSFERRED, PLEDGED, SOLD OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER SUCH SECURITIES ACT AND ANY SUCH APPLICABLE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM
REGISTRATION THEREUNDER. 
 Any holder of a Note may, upon surrender of its Notes to Holdings together with an opinion of counsel (which counsel may be
internal counsel to such holder) to the effect that the foregoing legend is no longer required under applicable securities laws, obtain a like Note in exchange for its Note without such legend. 

SECTION 14. PAYMENTS ON NOTES. 

Section 14.1. Place of Payment. Subject to Section 14.2, payments of principal, Make-Whole Amount, if any, and interest
becoming due and payable on the Notes shall be made in New York, New York at the principal office of the Company in such jurisdiction. The Company 

  
 41 

 
may at any time, by notice to each holder of a Note, change the place of payment of the Notes so long as such place of payment shall be either the principal office of the Company in such
jurisdiction or the principal office of a bank or trust company in such jurisdiction. 
 Section 14.2. Home Office Payment. So
long as any Purchaser or its nominee shall be the holder of any Note, and notwithstanding anything contained in Section 14.1 or in such Note to the contrary, the Company will pay all sums becoming due on such Note for principal, Make-Whole
Amount, if any, interest and all other amounts becoming due hereunder by the method and at the address specified for such purpose below such Purchaser’s name in Schedule B, or by such other method or at such other address as such Purchaser
shall have from time to time specified to the Company in writing for such purpose, without the presentation or surrender of such Note or the making of any notation thereon, except that upon written request of the Company made concurrently with or
reasonably promptly after payment or prepayment in full of any Note, such Purchaser shall surrender such Note for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment
most recently designated by the Company pursuant to Section 14.1. Prior to any sale or other disposition of any Note held by a Purchaser or its nominee, such Purchaser will, at its election, either endorse thereon the amount of principal paid
thereon and the last date to which interest has been paid thereon or surrender such Note to the Company in exchange for a new Note or Notes of the same Series pursuant to Section 13.2. The Company will afford the benefits of this Section 14.2
to any Institutional Investor that is the direct or indirect transferee of any Note purchased by a Purchaser under this Agreement and that has made the same agreement relating to such Note as the Purchasers have made in this Section 14.2. 

SECTION 15. EXPENSES, ETC. 
 Section
15.1. Transaction Expenses. Whether or not the transactions contemplated hereby are consummated, the Company will pay all costs and expenses (including reasonable attorneys’ fees of a special counsel and, if reasonably
required by the Required Holders, local or other counsel) incurred by the Purchasers and each other holder of a Note in connection with such transactions and in connection with any amendments, waivers or consents under or in respect of this
Agreement, any Subsidiary Guaranty or the Notes (whether or not such amendment, waiver or consent becomes effective), including, without limitation: (a) the costs and expenses incurred in enforcing or defending (or determining whether or how to
enforce or defend) any rights under this Agreement, any Subsidiary Guaranty or the Notes or in responding to any subpoena or other legal process or informal investigative demand issued in connection with this Agreement, any Subsidiary Guaranty or
the Notes, or by reason of being a holder of any Note, (b) the costs and expenses, including financial advisors’ fees, incurred in connection with the insolvency or bankruptcy of the Company or any Subsidiary or in connection with any work-out
or restructuring of the transactions contemplated hereby and by the Notes and any Subsidiary Guaranty and (c) the costs and expenses incurred in connection with the initial filing of this Agreement and all related documents and financial information
with the SVO provided, that such costs and expenses under this clause (c) shall not exceed $7,000. The Company will pay, and will save each Purchaser and each other holder of a Note harmless from, (i) all claims in respect of any
fees, costs or expenses, if any, of brokers and finders (other than those, if any, retained by a Purchaser or other holder in connection with its purchase of the Notes) and (ii) any and all wire transfer fees that any bank deducts from any payment
under such Note to such holder or otherwise charges to a holder of a Note with respect to a payment under such Note. 

  
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 Section 15.2. Survival. The obligations of the Company under this
Section 15 will survive the payment or transfer of any Note, the enforcement, amendment or waiver of any provision of this Agreement, any Subsidiary Guaranty or the Notes, and the termination of this Agreement. 

SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT. 

All representations and warranties contained herein shall survive the execution and delivery of this Agreement and the Notes, the purchase or
transfer by any Purchaser of any Note or portion thereof or interest therein and the payment of any Note, and may be relied upon by any subsequent holder of a Note, regardless of any investigation made at any time by or on behalf of such Purchaser
or any other holder of a Note. All statements contained in any certificate or other instrument delivered by or on behalf of the Company pursuant to this Agreement shall be deemed representations and warranties of the Company under this
Agreement. Subject to the preceding sentence, this Agreement, the Notes and any Subsidiary Guaranties embody the entire agreement and understanding between each Purchaser and the Company and supersede all prior agreements and understandings
relating to the subject matter hereof. 
 SECTION 17. AMENDMENT AND WAIVER. 

Section 17.1. Requirements. This Agreement and the Notes may be amended, and the observance of any term hereof or of
the Notes may be waived (either retroactively or prospectively), only with the written consent of the Company and the Required Holders, except that: 

(a) no amendment or waiver of any of the provisions of Sections 1, 2, 3, 4, 5, 6 or 21 hereof, or any defined term (as it is
used therein), will be effective as to any Purchaser (prior to the Closing) or holder of a Note (after the Closing) unless consented to by such Purchaser or holder in writing; and 

(b) no amendment or waiver may, without the written consent of each Purchaser (prior to the Closing) and each holder of a Note
at the time outstanding (after the Closing), (i) subject to Section 12 relating to acceleration or rescission, change the amount or time of any prepayment or payment of principal of, or reduce the rate or change the time of payment or method of
computation of (x) interest on the Notes or (y) the Make-Whole Amount, (ii) change the percentage of the principal amount of the Notes the Purchasers or holders of which are required to consent to any amendment or waiver, (iii) amend any of Sections
8 (except as set forth in the second sentence of Section 8.2), 11(a), 11(b), 12, 17 or 20, or (iv) release any Subsidiary Guarantor from its obligations under its Subsidiary Guaranty or reduce the scope of any Subsidiary Guaranty other than in
accordance with the terms hereof. 

  
 43 

 Section 17.2. Solicitation of Holders of Notes. 

(a) Solicitation. The Company will provide each holder of a Note with sufficient information, sufficiently far in
advance of the date a decision is required, to enable such holder to make an informed and considered decision with respect to any proposed amendment, waiver or consent in respect of any of the provisions hereof or of the Notes or any Subsidiary
Guaranty. The Company will deliver executed or true and correct copies of each amendment, waiver or consent effected pursuant to the provisions of this Section 17 or any Subsidiary Guaranty to each holder of a Note promptly following the date
on which it is executed and delivered by, or receives the consent or approval of, the requisite holders of Notes. 
 (b)
Payment. The Company will not directly or indirectly pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, or grant any security or provide other credit support, to any holder
of a Note as consideration for or as an inducement to the entering into by such holder of any waiver or amendment of any of the terms and provisions hereof or of any Subsidiary Guaranty or any Note unless such remuneration is concurrently paid, or
security is concurrently granted or other credit support concurrently provided, on the same terms, ratably to each holder of a Note even if such holder did not consent to such waiver or amendment. 

(c) Consent in Contemplation of Transfer. Any consent given pursuant to this Section 17 or any Subsidiary Guaranty
by a holder of a Note that has transferred or has agreed to transfer its Note to (i) the Company, (ii) any Subsidiary or any other Affiliate or (iii) any other Person in connection with, or in anticipation of, such other Person acquiring, making a
tender offer for or merging with the Company and/or any of its Affiliates, in each case in connection with such consent, shall be void and of no force or effect except solely as to such holder, and any amendments effected or waivers granted or to be
effected or granted that would not have been or would not be so effected or granted but for such consent (and the consents of all other holders of Notes that were acquired under the same or similar conditions) shall be void and of no force or effect
except solely as to such holder. 
 Section 17.3. Binding Effect, etc. Any amendment or waiver consented to as
provided in this Section 17 or any Subsidiary Guaranty applies equally to all holders of Notes and is binding upon them and upon each future holder of any Note and upon the Company without regard to whether such Note has been marked to indicate such
amendment or waiver. No such amendment or waiver will extend to or affect any obligation, covenant, agreement, Default or Event of Default not expressly amended or waived or impair any right consequent thereon. No course of dealing between
the Company and any holder of a Note and no delay in exercising any rights hereunder or under any Note or Subsidiary Guaranty shall operate as a waiver of any rights of any holder of such Note. 

Section 17.4. Notes Held by Company, etc. Solely for the purpose of determining whether the holders of the requisite
percentage of the aggregate principal amount of Notes then outstanding approved or consented to any amendment, waiver or consent to be given under this Agreement, any Subsidiary Guaranty or the Notes, or have directed the taking of any action
provided herein or in any Subsidiary Guaranty or the Notes to be taken upon the direction of the holders of a specified percentage of the aggregate principal amount of Notes then outstanding, Notes directly or indirectly owned by the Company or any
of its Affiliates shall be deemed not to be outstanding. 

  
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 SECTION 18. NOTICES. 

Except to the extent otherwise provided in Section 7.4, all notices and communications provided for hereunder shall be in writing and sent (a)
by telecopy if the sender on the same day sends a confirming copy of such notice by an internationally recognized overnight delivery service (charges prepaid), or (b) by registered or certified mail with return receipt requested (postage prepaid),
or (c) by an internationally recognized overnight delivery service (with charges prepaid). Any such notice must be sent: 

(i) if to any Purchaser or its nominee, to such Purchaser or nominee at the address (whether email or physical) specified for
such communications in Schedule B, or at such other address as such Purchaser or nominee shall have specified to the Company in writing, 

(ii) if to any other holder of any Note, to such holder at such address (whether email or physical) as such other holder shall
have specified to the Company in writing, or 
 (iii) if to the Company, to the Company at its address set forth at the
beginning hereof to the attention of Robert B. Walsh, Chief Financial Officer, or at walshb@evercore.com, or at such other address as the Company shall have specified to the holder of each Note in writing. 

Notices under this Section 18 will be deemed given only when actually received. 

SECTION 19. REPRODUCTION OF DOCUMENTS. 

This Agreement and all documents relating thereto, including, without limitation, (a) consents, waivers and modifications that may hereafter be
executed, (b) documents received by any Purchaser at the Closing (except the Notes themselves), and (c) financial statements, certificates and other information previously or hereafter furnished to any Purchaser, may be reproduced by such Purchaser
by any photographic, photostatic, electronic, digital, or other similar process and such Purchaser may destroy any original document so reproduced. The Company agrees and stipulates that, to the extent permitted by applicable law, any such
reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding (whether or not the original is in existence and whether or not such reproduction was made by such Purchaser in the regular course of
business) and any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence. This Section 19 shall not prohibit the Company or any other holder of Notes from contesting any such reproduction to
the same extent that it could contest the original, or from introducing evidence to demonstrate the inaccuracy of any such reproduction. 

  
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 SECTION 20. CONFIDENTIAL INFORMATION. 

For the purposes of this Section 20, “Confidential Information” means information delivered to any Purchaser by or on behalf
of the Company or any Subsidiary in connection with the transactions contemplated by or otherwise pursuant to this Agreement that is proprietary in nature and that was clearly marked or labeled or otherwise adequately identified when received by
such Purchaser as being confidential information of the Company or such Subsidiary, provided that such term does not include information that (a) was publicly known or otherwise known to such Purchaser prior to the time of such disclosure, (b)
subsequently becomes publicly known through no act or omission by such Purchaser or any Person acting on such Purchaser’s behalf, (c) otherwise becomes known to such Purchaser other than through disclosure by the Company or any Subsidiary or
(d) constitutes financial statements delivered to such Purchaser under Section 7.1 that are otherwise publicly available. Each Purchaser will maintain the confidentiality of such Confidential Information in accordance with procedures adopted by such
Purchaser in good faith to protect confidential information of third parties delivered to such Purchaser, provided that such Purchaser may deliver or disclose Confidential Information to (i) its directors, officers, employees, agents,
attorneys, trustees and affiliates (to the extent such disclosure reasonably relates to the administration of the investment represented by its Notes), provided they are informed of and agree to abide by the confidential nature of the
Confidential Information and the provisions of this Section 20, (ii) its auditors, financial advisors and other professional advisors who agree to hold confidential the Confidential Information substantially in accordance with this Section 20, (iii)
any other holder of any Note, (iv) any Institutional Investor to which it sells or offers to sell such Note or any part thereof or any participation therein (if such Person has agreed in writing prior to its receipt of such Confidential Information
to be bound by this Section 20), (v) any Person from which it offers to purchase any Security of the Company (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound by this Section 20), (vi) any
federal or state regulatory authority having jurisdiction over such Purchaser, (vii) the NAIC or the SVO or, in each case, any similar organization, or any nationally recognized rating agency that requires access to information about such
Purchaser’s investment portfolio, or (viii) any other Person to which such delivery or disclosure may be necessary or appropriate (w) to effect compliance with any law, rule, regulation or order applicable to such Purchaser, (x) in response to
any subpoena or other legal process, (y) in connection with any litigation to which such Purchaser is a party or (z) if an Event of Default has occurred and is continuing, to the extent such Purchaser may reasonably determine such delivery and
disclosure to be necessary or appropriate in the enforcement or for the protection of the rights and remedies under such Purchaser’s Notes, this Agreement or any Subsidiary Guaranty. Each holder of a Note, by its acceptance of a Note, will be
deemed to have agreed to be bound by and to be entitled to the benefits of this Section 20 as though it were a party to this Agreement. On reasonable request by the Company in connection with the delivery to any holder of a Note of information
required to be delivered to such holder under this Agreement or requested by such holder (other than a holder that is a party to this Agreement or its nominee), such holder will enter into an agreement with the Company embodying the provisions of
this Section 20. 
 In the event that as a condition to receiving access to information relating to the Company or its Subsidiaries in
connection with the transactions contemplated by or otherwise pursuant to this Agreement, any Purchaser or holder of a Note is required to agree to a 

  
 46 

 
confidentiality undertaking (whether through IntraLinks, another secure website, a secure virtual workspace or otherwise) which is different from this Section 20, this Section 20 shall not be
amended thereby and, as between such Purchaser or such holder and the Company, this Section 20 shall supersede any such other confidentiality undertaking. 

SECTION 21. SUBSTITUTION OF PURCHASER. 

Each Purchaser shall have the right to substitute any one of its Affiliates or another Purchaser or any one of such other Purchaser’s
Affiliates (a “Substitute Purchaser”) as the purchaser of the Notes that it has agreed to purchase hereunder, by written notice to the Company, which notice shall be signed by both such Purchaser and such Substitute Purchaser, shall
contain such Substitute Purchaser’s agreement to be bound by this Agreement and shall contain a confirmation by such Substitute Purchaser of the accuracy with respect to it of the representations set forth in Section 6. Upon receipt of such
notice, any reference to such Purchaser in this Agreement (other than in this Section 21), shall be deemed to refer to such Substitute Purchaser in lieu of such original Purchaser. In the event that such Substitute Purchaser is so substituted as a
Purchaser hereunder and such Substitute Purchaser thereafter transfers to such original Purchaser all of the Notes then held by such Substitute Purchaser, upon receipt by the Company of notice of such transfer, any reference to such Substitute
Purchaser as a “Purchaser” in this Agreement (other than in this Section 21), shall no longer be deemed to refer to such Substitute Purchaser, but shall refer to such original Purchaser, and such original Purchaser shall again have all the
rights of an original holder of the Notes under this Agreement. 
 SECTION 22. MISCELLANEOUS. 

Section 22.1. Successors and Assigns. All covenants and other agreements contained in this Agreement by or on behalf
of any of the parties hereto bind and inure to the benefit of their respective successors and assigns (including, without limitation, any subsequent holder of a Note) whether so expressed or not. 

Section 22.2. Accounting Terms. 

(a) All accounting terms used herein which are not expressly defined in this Agreement have the meanings respectively given to
them in accordance with GAAP. Except as otherwise specifically provided herein, (i) all computations made pursuant to this Agreement shall be made in accordance with GAAP, and (ii) all financial statements shall be prepared in accordance
with GAAP. For purposes of determining compliance with this Agreement (including, without limitation, Section 9, Section 10 and the definition of “Indebtedness”), any election by the Company to measure any financial liability using fair
value (as permitted by Financial Accounting Standards Board Accounting Standards Codification Topic No. 825-10-25 – Fair Value Option, International Accounting Standard 39 – Financial Instruments: Recognition and Measurement
or any similar accounting standard) shall be disregarded and such determination shall be made as if such election had not been made. For the avoidance of doubt, notwithstanding any changes in GAAP after the date of this Agreement that would
require lease obligations that would be treated as operating leases as of the date of this Agreement to be classified and accounted for as Capital Lease Obligations or otherwise reflected on the consolidated balance sheet of the Company and its
Subsidiaries, such obligations shall continue to be excluded from the definition of Indebtedness. 

  
 47 

 (b) Each of the holders of the Notes by its acceptance thereof understands and
agrees with the Company that if in the reasonable opinion of the Company or the Required Holders a change in GAAP occurs which causes a change in any of the calculations contemplated by this Agreement, including, without limitation, calculations
with regard to the covenants contained in Section 10 hereof, then and in such event, if the Company or the Required Holders so request, such holders and the Company shall undertake in good faith to amend any affected provisions of this Agreement so
as to have an effect comparable to that as of the date of this Agreement and to accommodate such change in GAAP and to enter into an amendment hereof to reflect the same, such amendment to be in form and substance satisfactory to the Company and the
Required Holders; provided that, until such provision is amended in a manner satisfactory to the Company and the Required Holders, the Company’s compliance with such provision shall be determined on the basis of GAAP as in effect and
applied immediately before the relevant change became effective. In the event that such a change in GAAP causes the Company to violate any of the covenants contained in Section 10 hereof or otherwise causes a Default or Event of Default to occur at
a time when no other Default or Event of Default exists, then and in such event, anything in this Agreement to the contrary notwithstanding, no Default or Event of Default will be caused by such change in GAAP for a period of 90 days following the
event which would otherwise be treated as a Default or Event of Default and the Company shall, notwithstanding anything in Section 11 to the contrary, have 90 days from and after the date of the occurrence of such event within which to enter into an
amendment with the Required Holders as herein below contemplated. 
 The procedure for amending this Agreement pursuant to
this Section 22.2(b) shall be as follows: 
 (i) the Company and the Required Holders may, at any time following any such
change in GAAP, and the Company shall, within 15 days of the occurrence of the event which would otherwise be treated as a Default or an Event of Default due to a change in GAAP, prepare and deliver to each holder of the Notes and to their special
counsel (in the case of an amendment requested by the Company) and to the Company (in the case of an amendment requested by the Required Holders) a proposed form of amendment; 

(ii) the holders of the Notes (in the case of an amendment requested by the Company) or the Company (in the case of an
amendment requested by the Required Holders) shall, within 30 days of receipt of the proposed form of amendment, deliver to the Company (in the case of an amendment requested by the Company) or to the holders of the Notes (in the case of an
amendment requested by the Required Holders) their collective or its, as the case may be, response to the proposed amendment; 

  
 48 

 (iii) in the case of the occurrence of an event which would otherwise be treated
as a Default or an Event of Default due to a change in GAAP, the parties shall negotiate in good faith toward the execution of the amendment contemplated by this Section 22.2(b) until the 90th day following the occurrence of such event; in any other
case in which the Company or the Required Holders requests an amendment pursuant to this Section 22.2(b), the parties shall negotiate in good faith toward the execution of the amendment contemplated by this Section 22.2(b) until the 90th day
following delivery of the proposed form of amendment; 
 (iv) in the event the parties are unable to come to an agreement on
the form and substance of the amendment during any such 90-day period, the Company’s compliance with such provision shall be determined on the basis of GAAP as in effect and applied immediately before the relevant change became effective, until
such provision is amended in a manner satisfactory to the Company and the Required Holders; and 
 (v) until such provision
is amended in a manner satisfactory to the Company and the Required Holders in accordance with this Section 22.2(b), each set of financial statements delivered to holders of Notes pursuant to Section 7.1(a) or (b) shall include detailed
reconciliations reasonably satisfactory to the Required Holders as to the effect of such change in GAAP on the calculation of the covenants contained in Section 10 hereof. 

Section 22.3. Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall (to the full extent
permitted by law) not invalidate or render unenforceable such provision in any other jurisdiction. 
 Section 22.4. Construction,
etc. Each covenant contained herein shall be construed (absent express provision to the contrary) as being independent of each other covenant contained herein, so that compliance with any one covenant shall not (absent such an
express contrary provision) be deemed to excuse compliance with any other covenant. Where any provision herein refers to action to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable
whether such action is taken directly or indirectly by such Person. 
 Section 22.5. Counterparts. This Agreement
may be executed in any number of counterparts, each of which shall be an original but all of which together shall constitute one instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together
signed by all, of the parties hereto. 
 Section 22.6. Governing Law. This Agreement shall be construed and
enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than
such State. 

  
 49 

 Section 22.7. Jurisdiction and Process; Waiver of Jury Trial. 

(a) The Company irrevocably submits to the non-exclusive jurisdiction of any New York State or federal court sitting in the
Borough of Manhattan, The City of New York, over any suit, action or proceeding arising out of or relating to this Agreement or the Notes. To the fullest extent permitted by applicable law, the Company irrevocably waives and agrees not to assert, by
way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such
court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 

(b) The Company consents to process being served by or on behalf of any holder of Notes in any suit, action or proceeding of
the nature referred to in Section 22.7(a) by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, return receipt requested, to it at its address specified in Section 18 or at
such other address of which such holder shall then have been notified pursuant to said Section. The Company agrees that such service upon receipt (i) shall be deemed in every respect effective service of process upon it in any such suit, action
or proceeding and (ii) shall, to the fullest extent permitted by applicable law, be taken and held to be valid personal service upon and personal delivery to it. Notices hereunder shall be conclusively presumed received as evidenced by a
delivery receipt furnished by the United States Postal Service or any reputable commercial delivery service. 
 (c) Nothing
in this Section 22.7 shall affect the right of any holder of a Note to serve process in any manner permitted by law, or limit any right that the holders of any of the Notes may have to bring proceedings against the Company in the courts of any
appropriate jurisdiction or to enforce in any lawful manner a judgment obtained in one jurisdiction in any other jurisdiction. 

(d) The parties hereto hereby waive trial by jury in any action brought on or with respect to this Agreement, the Notes or any
other document executed in connection herewith or therewith. 

*    *    *    *    * 

  
 50 

 If you are in agreement with the foregoing, please sign the form of agreement on a counterpart of
this Agreement and return it to the Company, whereupon this Agreement shall become a binding agreement between you and the Company. 
  

			
	Very truly yours,
	
	EVERCORE PARTNERS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 This Agreement is hereby 

accepted and agreed to as 
 of the date hereof. 

[ADD PURCHASER SIGNATURE BLOCKS] 

 Schedule A 

DEFINED TERMS 

As used herein, the following terms have the respective meanings set forth below or set forth in the Section hereof following such term: 

“Affiliate” means, at any time, and with respect to any Person, any other Person that at such time directly or
indirectly through one or more intermediaries Controls, or is Controlled by, or is under common Control with, such first Person, and, with respect to the Company, shall include any Person beneficially owning or holding, directly or indirectly, 10%
or more of any class of voting or equity interests of the Company or any Subsidiary or any Person of which the Company and its Subsidiaries beneficially own or hold, in the aggregate, directly or indirectly, 10% or more of any class of voting or
equity interests. As used in this definition, “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of
voting securities, by contract or otherwise. Unless the context otherwise clearly requires, any reference to an “Affiliate” is a reference to an Affiliate of the Company. 

“Agreement” means this Agreement, including all Schedules attached to this Agreement, as it may be amended, restated,
supplemented or otherwise modified from time to time. 
 “Anti-Corruption Laws” is defined in Section 5.16(d)(i). 

“Anti-Money Laundering Laws” is defined in Section 5.16(c). 

“Asset Disposition Prepayment Date” is defined in Section 8.8(a). 

“Asset Disposition Prepayment Notice” is defined in Section 8.8(a). 

“Asset Disposition Prepayment Offer” is defined in Section 8.8(a). 

“Asset Disposition Acceptance Notification Date” is defined in Section 8.8(a). 

“BBVA Trade Financing” means Evercore Casa de Bolsa, S.A. de C.V.’s financing with BBVA Bancomer S.A. used to finance
trading securities repurchase operations, provided pursuant to that certain Contrato de Apertura de Crédito en Cuenta Corriente que se Ejercerá Mediante Operaciones de Reporto between BBVA Bancomer, S.A. and Evercore Casa de
Bolsa S.A., de C.V. (formerly known as Protego Casa de Bolsa S.A., de C.V.), dated as of March 14, 2005, as amended, amended and restated, supplemented or otherwise modified. 

“Blocked Person” is defined in Section 5.16(a). 

“Business Day” means (a) for the purposes of Section 8.6 only, any day other than a Saturday, a Sunday or a day on which
commercial banks in New York City are required or authorized to be closed, and (b) for the purposes of any other provision of this Agreement, any day other than a Saturday, a Sunday or a day on which commercial banks in New York, New York are
required or authorized to be closed. 

 “Capital Lease” means, at any time, a lease with respect to which the lessee is
required concurrently to recognize the acquisition of an asset and the incurrence of a liability in accordance with GAAP. For the avoidance of doubt, “Capital Lease” shall not include any lease which would be required to be classified and
accounted for as an operating lease under GAAP as existing on the date of this Agreement. 
 “Capital Lease Obligations”
means, with respect to any Person for any period, all rental obligations of such Person which, under GAAP, are required to be capitalized on the books of such Person, in each case taken at the amount thereof accounted for as indebtedness in
accordance with such principles. For the avoidance of doubt, “Capital Lease Obligations” shall not include obligations or liabilities of any Person to pay rent or other amounts under any lease of (or other arrangement conveying the right
to use) real or personal property, or a combination thereof, which obligations would be required to be classified and accounted for as an operating lease under GAAP as existing on the date of this Agreement. 

“Change of Control” means an event or series of events by which any person (as such term is used in section 13(d) and section
14(d)(2) of the Exchange Act as in effect on the date of this Agreement) or related persons constituting a group (as such term is used in Rule 13d-5 under the Exchange Act as in effect on the date of this Agreement), other than individuals who are
and have been executive-level employees of the Company for a period of not less than one (1) year determined at such time, become the “beneficial owners” (as such term is used in Rule 13d-3 under the Exchange Act as in effect on the date
of this Agreement), directly or indirectly, of more than 50% of the total voting power of all classes then outstanding of the Company’s voting stock. 

“Change of Control Acceptance Notice Date” is defined in Section 8.7(a). 

“Change of Control Notice” is defined in Section 8.7(a). 

“Change of Control Offer” is defined in Section 8.7(a). 

“Change of Control Prepayment Date” is defined in Section 8.7(a). 

“CISADA” means the Comprehensive Iran Sanctions, Accountability and Divestment Act. 

“Closing” is defined in Section 3. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, and the rules and regulations
promulgated thereunder from time to time. 
 “Company” is defined in the first paragraph of this Agreement. 

“Confidential Information” is defined in Section 20. 

  
 2 

 “Consolidated” refers to the consolidation of accounts in accordance with GAAP.

 “Consolidated Adjusted EBITDA” means, for any period, Consolidated Net Income plus (a) depreciation expense and
amortization expense, (b) interest expense (other than interest expense attributable to obligations in respect of repurchase agreements, intraday and overnight borrowings and similar activities in the ordinary course of the Company’s or any
Subsidiary’s business), (c) non-cash employee compensation, and (d) in an amount not to exceed $30,000,000 (or its equivalent in other currencies) in the aggregate in any period of four consecutive fiscal quarters, other non-cash or
non-recurring charges, in each case determined in accordance with GAAP for such period. 
 “Consolidated Interest Coverage
Ratio” means, with respect to any period of four consecutive fiscal quarters of the Company, the ratio of (a) Consolidated Adjusted EBITDA for such period to (b) Consolidated Net Cash Interest Expense for such period. 

“Consolidated Leverage Ratio” means, as of the last day of each fiscal quarter of the Company, the ratio of (a) Consolidated
Total Debt as of such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters then ended. 

“Consolidated Net Cash Interest Expense” means, in respect of any period, the result of (a) total cash interest expense of
the Company and its Consolidated Subsidiaries that is payable during such period with respect to outstanding Indebtedness of the Company and its Consolidated Subsidiaries minus (b) the sum of the total amount of cash interest income
(excluding any cash interest income attributable to repurchase agreements and similar activities in the ordinary course of the Company’s or any Subsidiary’s business) earned by the Company and its Consolidated Subsidiaries during such
period as determined on a Consolidated basis for such period. 
 “Consolidated Net Income” means, in respect of any period,
the net income (or loss) of the Company and its Consolidated Subsidiaries determined on a Consolidated basis for such period (as reported on the Company’s financial statements), provided that, without duplication: 

(a) the cumulative effect of a change in accounting principles shall be excluded; and 

(b) the amount of provision for income taxes, as included on the Company’s Consolidated income statement for the relevant
period shall be added back. 
 “Consolidated Tangible Net Worth” means, as of any date of determination, the result of (a)
“Total Equity” of the Company and its Consolidated Subsidiaries on such date, as such amount would be shown on a Consolidated balance sheet of the Company and its Subsidiaries as of such date prepared in accordance with GAAP, minus
(b) to the extent reflected in such “Total Equity”, the amount of Consolidated intangible assets of the Company and its Consolidated Subsidiaries on such date. 

“Consolidated Total Assets” means, at any time, the total assets of the Company and its Subsidiaries which would be shown as
assets on a Consolidated balance sheet of the Company and its Consolidated Subsidiaries as of such time prepared in accordance with GAAP. 

  
 3 

 “Consolidated Total Debt” means, as of any date of determination, the total
amount of Indebtedness of the Company and its Consolidated Subsidiaries outstanding on such date determined on a Consolidated basis in accordance with GAAP, including in any event any Indebtedness of or Guaranties by the Company or a Subsidiary and
any outstanding amounts under the FRB Loan Documents and the BBVA Trade Financing, and excluding: (a) any Indebtedness that is subordinated to the obligations arising under this Agreement, the Notes and the Subsidiary Guaranties on terms and
conditions, and pursuant to documentation, reasonably satisfactory to the Required Holders, (b) any Indebtedness owing by the Company or a Subsidiary to the Company or a Subsidiary, and any Guaranties of such Indebtedness, that is in the nature of a
payable in the ordinary course of business (and not obligations of the type set forth in clause (a) or (b) of the definition of Indebtedness, or Guaranties of such obligations), and (c) any Indebtedness in respect of repurchase agreements to the
extent otherwise permitted under this Agreement. 
 “Controlled Entity” means (a) any of the Subsidiaries of the Company
and any of their or the Company’s respective Controlled Affiliates and (b) if the Company has a parent company, such parent company and its Controlled Affiliates. As used in this definition, “Control” means the possession,
directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 

“Default” means an event or condition the occurrence or existence of which would, with the lapse of time or the giving of
notice or both, become an Event of Default. 
 “Default Rate” means that rate of interest that is the greater of
(a) 2% per annum above the rate of interest stated in clause (a) of the first paragraph of the Notes or (b) 2% over the rate of interest publicly announced by JPMorgan Chase Bank, N.A. in New York, New York as its “base” or
“prime” rate. 
 “Disclosure Documents” is defined in Section 5.3. 

“Disposition” means the sale, assignment, transfer, license or other disposition (including any sale and leaseback
transaction) of any property by any Person, including any sale, assignment, transfer or other disposition, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. The terms
“Dispose” and “Disposed of” shall have correlative meanings. For the avoidance of doubt, the terms “Disposition,” “Dispose” and “Disposed of” do not refer to the issuance and sale of
equity securities by the Company or its Subsidiaries. 
 “Disposition Value” means, at any time, with respect to any
property: 
 (a) in the case of property that does not constitute Subsidiary Stock, the book value thereof, valued at the
time of such disposition in good faith by the Company, and 
 (b) in the case of property that constitutes Subsidiary Stock,
an amount equal to that percentage of book value of the assets of the Subsidiary that issued such stock as is equal to the percentage that the book value of such Subsidiary Stock represents of the book value of all of the outstanding capital stock
of such Subsidiary (assuming, in 

  
 4 

 
making such calculations, that all Securities convertible into such capital stock are so converted and giving full effect to all transactions that would occur or be required in connection with
such conversion) determined at the time of the disposition thereof, in good faith by the Company. 
 As used herein, “Subsidiary Stock”
means, with respect to any Person, the stock (or any options or warrants to purchase stock or other Securities exchangeable for or convertible into stock) of any Subsidiary of such Person. 

“EDGAR” means the SEC’s Electronic Data Gathering, Analysis and Retrieval System or any successor SEC electronic filing
system for such purposes. 
 “Environmental Laws” means any and all federal, state, local, and foreign statutes, laws,
regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into
the environment, including but not limited to those related to Hazardous Materials. 
 “ERISA” means the Employee
Retirement Income Security Act of 1974, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) that is treated as a single employer together
with the Company under section 414 of the Code. 
 “Event of Default” is defined in Section 11. 

“Evercore East” means Evercore Partners Services East L.L.C., a Delaware limited liability company 

“Existing Term Loan Agreement” means that certain Term Loan and Guarantee Agreement, dated as of November 2, 2015, among the
Company, the guarantors from time to time party thereto, Mizuho Bank, Ltd as administrative agent, and the lenders from time to time party thereto, as amended. 

“Form 10-K” is defined in Section 7.1(b). 

“Form 10-Q” is defined in Section 7.1(a). 

“FRB Loan Agreement” means that certain Loan Agreement, dated June 27, 2013, between Evercore East and First Republic Bank,
as amended, amended and restated, supplemented or otherwise modified. 
 “FRB Loan Documents” means (a) the FRB Loan
Agreement, (b) the FRB Note, (c) that certain Security Agreement dated as of June 27, 2013, between Evercore East and First Republic Bank, (d) that certain Third Party Security Agreement, dated June 27, 2013, between Evercore Group L.L.C. and First
Republic Bank, (e) that certain Borrowing Base Cash Reserve Agreement, dated June 27, 2013, between Evercore East and First Republic Bank, (f) that certain 

  
 5 

 
Continuing Guaranty, dated as of June 27, 2013, by Evercore LP and Evercore Group Holdings L.P. in favor of First Republic Bank, (g) any other security or pledge agreement securing obligations
arising under the FRB Loan Agreement and the FRB Note, (h) any other documents which constitute “Loan Documents” as such term is defined in the FRB Loan Agreement as in effect on the date of this Agreement (other than certified
resolutions, closing certificates and compliance certificates), and (i) any amendments, amendments and restatements, supplements or other modifications of any of the documents described in the foregoing clauses (a) through (h). 

“FRB Note” means that certain Third Amended and Restated Promissory Note, dated January 15, 2016, by Evercore East in favor
of First Republic Bank, as amended, amended and restated, supplemented or otherwise modified. 
 “GAAP” means generally
accepted accounting principles as in effect from time to time in the United States of America. 
 “Governmental Authority”
means 
 (a) the government of 

(i) the United States of America or any state or other political subdivision thereof, or 

(ii) any other jurisdiction in which the Company or any Subsidiary conducts all or any part of its business, or which asserts
jurisdiction over any properties of the Company or any Subsidiary, or 
 (b) any entity exercising executive, legislative,
judicial, regulatory or administrative functions of, or pertaining to, any such government. 
 “Governmental Official”
means any governmental official or employee, employee of any government-owned or government-controlled entity, political party, any official of a political party, candidate for political office, official of any public international organization
or anyone else acting in an official capacity. 
 “Guaranty” means, with respect to any Person, any obligation (except the
endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether
directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person: 

(a) to purchase such indebtedness or obligation or any property constituting security therefor; 

(b) to advance or supply funds (i) for the purchase or payment of such indebtedness or obligation, or (ii) to
maintain any working capital or other balance sheet condition or any income statement condition of any other Person or otherwise to advance or make available funds for the purchase or payment of such indebtedness or obligation; 

  
 6 

 (c) to lease properties or to purchase properties or services primarily for the
purpose of assuring the owner of such indebtedness or obligation of the ability of any other Person to make payment of the indebtedness or obligation; or 

(d) otherwise to assure the owner of such indebtedness or obligation against loss in respect thereof. 

In any computation of the indebtedness or other liabilities of the obligor under any Guaranty, the indebtedness or other obligations that are the subject of
such Guaranty shall be assumed to be direct obligations of such obligor. 
 “Hazardous Materials” means any and all
pollutants, toxic or hazardous wastes or other substances that might pose a hazard to health and safety, the removal of which may be required or the generation, manufacture, refining, production, processing, treatment, storage, handling,
transportation, transfer, use, disposal, release, discharge, spillage, seepage or filtration of which is or shall be restricted, prohibited or penalized by any applicable law including, but not limited to, asbestos, urea formaldehyde foam
insulation, polychlorinated biphenyls, petroleum, petroleum products, lead based paint, radon gas or similar restricted, prohibited or penalized substances. 

“holder” means, with respect to any Note, the Person in whose name such Note is registered in the register maintained by the
Company pursuant to Section 13.1, provided, however, that if such Person is a nominee, then for the purposes of Sections 7, 12, 17.2 and 18 and any related definitions in this Schedule B, “holder” shall mean the beneficial
owner of such Note whose name and address appears in such register. 
 “INHAM Exemption” is defined in Section 6.2(e).

 “Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money, (b) all
obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (d) all obligations
of such Person in respect of the deferred purchase price of property or services (excluding obligations for consideration to be paid in the form of equity securities, other than mandatorily redeemable Preferred Stock), (e) all obligations for
borrowed money secured by (or for which the holder of such obligations has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the obligations secured thereby have been
assumed, (f) all Capital Lease Obligations of such Person, (g) the aggregate Swap Termination Value of all Swap Contracts of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of
credit and letters of guaranty, (i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, (j) all redemption obligations in respect of mandatorily redeemable Preferred Stock, and (k) all Guaranties by such
Person with respect to obligations of a type described in any of clauses (a) through (j) hereof; provided, that “Indebtedness” shall not include (i) trade and other accounts payable arising and compensation expenses accrued in the
ordinary course of business and (ii) obligations in respect of repurchase agreements, intraday and overnight borrowings and similar activities in the ordinary course of the business of the Company or any of its Subsidiaries;

  
 7 

 
it being understood and agreed that any accrued liability under any tax receivables agreement the Company is or in the future may be a party to from time to time shall not constitute
Indebtedness. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s
ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. 

“Institutional Investor” means (a) any Purchaser of a Note, (b) any holder of a Note holding (together with one or more
of its affiliates) more than 5% of the aggregate principal amount of the Notes then outstanding, (c) any bank, trust company, savings and loan association or other financial institution, any pension plan, any investment company, any insurance
company, any broker or dealer, or any other similar financial institution or entity, regardless of legal form, and (d) any Related Fund of any holder of any Note. 

“Lien” means, with respect to any Person, any mortgage, lien, pledge, charge, security interest or other encumbrance, or any
interest or title of any vendor, lessor, lender or other secured party to or of such Person under any conditional sale or other title retention agreement or Capital Lease, upon or with respect to any property or asset of such Person (including in
the case of stock, stockholder agreements, voting trust agreements and all similar arrangements). 
 “Make-Whole Amount” is
defined in Section 8.6. 
 “Material” means material in relation to the business, operations, affairs, financial
condition, assets, properties, or prospects of the Company and its Subsidiaries taken as a whole. 
 “Material Adverse
Effect” means a material adverse effect on (a) the business, operations, affairs, financial condition, assets or properties of the Company and its Subsidiaries taken as a whole, (b) the ability of the Company to perform its obligations
under this Agreement and the Notes, (c) the ability of any Subsidiary Guarantor to perform its obligations under its Subsidiary Guaranty, or (d) the validity or enforceability of this Agreement, the Notes or any Subsidiary Guaranty. 

“Material Credit Facility” means, as to the Company and its Subsidiaries, any agreement(s) creating or evidencing
indebtedness for borrowed money, or in respect of which the Company or any Subsidiary is an obligor or otherwise provides a guarantee or other credit support, in a principal amount outstanding or available for borrowing greater than: 

(a) at any time prior to the earlier of (i) the date on which the FRB Loan Agreement is refinanced and (ii) June 30, 2016 (the
earlier date, the “Threshold Reduction Date”), $50,000,000 (or the equivalent of such amount in the relevant currency of payment, determined as of the date of the closing of such facility based on the exchange rate of such other
currency), and 
 (b) at any time on or after the Threshold Reduction Date, $30,000,000 (or the equivalent of such amount in
the relevant currency of payment, determined as of the date of the closing of such facility based on the exchange rate of such other currency). 

  
 8 

 “Maturity Date” is defined in the first paragraph of each Note. 

“Memorandum” is defined in Section 5.3. 

“Multiemployer Plan” means any “multiemployer plan” (as such term is defined in section 4001(a)(3) of ERISA) to
which the Company or any ERISA Affiliates contribute, are required to contribute to, or within the preceding five years were required to contribute to, or with respect to which the Company or any ERISA Affiliate may have any liability. 

“NAIC” means the National Association of Insurance Commissioners or any successor thereto. 

“Net Proceeds” means, with respect to any Disposition, the aggregate amount of consideration (valued at the fair market value
of such consideration at the time of the consummation of such Disposition) received by the Company or any Subsidiary in respect of such Disposition, net of all reasonable fees and out-of-pocket expenses paid by the Company and its Subsidiaries to
third parties (other than Affiliates) in connection with such Disposition. 
 “Notes” is defined in Section 1. 

“OFAC” is defined in Section 5.16(a). 

“OFAC Listed Person” is defined in Section 5.16(a). 

“OFAC Sanctions Program” means any economic or trade sanction that OFAC is responsible for administering and
enforcing. A list of OFAC Sanctions Programs may be found at http://www.treasury.gov/resource-center/sanctions/Programs/Pages/Programs.aspx. 

“Officer’s Certificate” means a certificate of a Responsible Officer. 

“Original Subsidiary Guarantor” means Evercore LP, a Delaware limited partnership, or Evercore Group Holdings L.P., a
Delaware limited partnership. 
 “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA or
any successor thereto. 
 “Person” means an individual, partnership, corporation, limited liability company, association,
trust, unincorporated organization, business entity or Governmental Authority. 
 “Plan” means an “employee benefit
plan” (as defined in section 3(3) of ERISA) but not including any Multiemployer Plans, subject to Title I of ERISA that is or, within the preceding five years, has been established or maintained, or to which contributions are or, within the
preceding five years, have been made or required to be made, by the Company or any ERISA Affiliate or with respect to which the Company or any ERISA Affiliate may have any liability. 

“Preferred Stock” means any class of capital stock of a Person that is preferred over any other class of capital stock (or
similar equity interests) of such Person as to the payment of dividends or the payment of any amount upon liquidation or dissolution of such Person. 

  
 9 

 “Pro Rata Amount” means, in respect of any holder of Notes and any Disposition
by the Company or any Subsidiary, an amount equal to the product of: 
 (a) the portion of the Net Proceeds (or an equal
amount) being applied or offered to be applied to the payment of Indebtedness pursuant to Section 10.7(g)(ii), multiplied by 

(b) a fraction, the numerator of which is the outstanding principal amount of Notes held by such holder, and the denominator of
which is the aggregate outstanding principal amount of all unsubordinated Indebtedness of the Company or any Subsidiary (other than Indebtedness owing to the Company, any Subsidiary or any Affiliate) being prepaid or offered to be prepaid pursuant
to Section 10.7(g)(ii) in connection with such Disposition. 
 “property” or “properties” means, unless
otherwise specifically limited, real or personal property of any kind, tangible or intangible, choate or inchoate. 
 “PTE”
is defined in Section 6.2(a). 
 “Purchaser” or “Purchasers” means each of the purchasers that has
executed and delivered this Agreement to the Company and such Purchaser’s successors and assigns (so long as any such assignment complies with Section 13.2), provided, however, that any Purchaser of a Note that ceases to be the
registered holder or a beneficial owner (through a nominee) of such Note as the result of a transfer thereof pursuant to Section 13.2 shall cease to be included within the meaning of “Purchaser” of such Note for the purposes of this
Agreement upon such transfer. 
 “Qualified Institutional Buyer” means any Person who is a “qualified institutional
buyer” within the meaning of such term as set forth in Rule 144A(a)(1) under the Securities Act. 
 “QPAM Exemption”
is defined in Section 6.2(d). 
 “Related Fund” means, with respect to any holder of any Note, any fund or entity that
(a) invests in Securities or bank loans, and (b) is advised or managed by such holder, the same investment advisor as such holder or by an affiliate of such holder or such investment advisor. 

“Required Holders” means at any time on or after the Closing, the holders of more than 50% of the aggregate principal amount
of the Notes (without regard to Series) at the time outstanding (exclusive of Notes then owned by the Company or any of its Affiliates). 

“Responsible Officer” means any Senior Financial Officer and any other officer of the Company with responsibility for the
administration of the relevant portion of this Agreement. 
 “SEC” means the Securities and Exchange Commission of the
United States, or any successor thereto. 
 “Securities” or “Security” shall have the meaning specified in
section 2(1) of the Securities Act. 

  
 10 

 “Securities Act” means the Securities Act of 1933, as amended from time to time,
and the rules and regulations promulgated thereunder from time to time in effect. 
 “Senior Financial Officer” means the
chief financial officer, principal accounting officer, treasurer or comptroller of the Company. 
 “Series” means the
Series A Notes, the Series B Notes, the Series C Notes or the Series D Notes, as the context may require. 
 “Series A
Notes” is defined in Section 1. 
 “Series B Notes” is defined in Section 1. 

“Series C Notes” is defined in Section 1. 

“Series D Notes” is defined in Section 1. 

“Significant Subsidiary” means any Subsidiary that would be a “Significant Subsidiary” of the Company within the
meaning of Rule 1-02 under Regulation S-X promulgated by the SEC as of the date hereof. 
 “Source” is defined in
Section 6.2. 
 “Subsidiary” means, as to any Person, any other Person in which such first Person or one or more of
its Subsidiaries or such first Person and one or more of its Subsidiaries owns sufficient equity or voting interests to enable it or them (as a group) ordinarily, in the absence of contingencies, to elect a majority of the directors (or Persons
performing similar functions) of such second Person, and any partnership or joint venture if more than a 50% interest in the profits or capital thereof is owned by such first Person or one or more of its Subsidiaries or such first Person and one or
more of its Subsidiaries (unless such partnership or joint venture can and does ordinarily take major business actions without the prior approval of such Person or one or more of its Subsidiaries). Unless the context otherwise clearly requires, any
reference to a “Subsidiary” is a reference to a Subsidiary of the Company. 
 “Subsidiary Guarantor” means each
Subsidiary that has executed and delivered a Subsidiary Guaranty, so long as such Subsidiary Guaranty is in full force and effect. 

“Subsidiary Guaranty” is defined in Section 2.2. 

“Substitute Purchaser” is defined in Section 21. 

“SVO” means the Securities Valuation Office of the NAIC or any successor to such Office. 

“Swap Contract” means (a) any and all interest rate swap transactions, basis swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward foreign exchange

  
 11 

 
transactions, cap transactions, floor transactions, currency options, spot contracts or any other similar transactions or any of the foregoing (including any options to enter into any of the
foregoing), and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives
Association, Inc. or any International Foreign Exchange Master Agreement. 
 “Swap Termination Value” means, in respect of
any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination
value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amounts(s) determined as the mark-to-market values(s) for such Swap Contracts, as determined based upon
one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts. 
 “USA
PATRIOT Act” means United States Public Law 107-56, Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, as amended from time to time, and the rules and
regulations promulgated thereunder from time to time in effect. 
 “U.S. Economic Sanctions” is defined in Section 5.16(a).

 “Wholly-Owned Subsidiary” means, at any time, any Subsidiary all of the equity interests (except directors’
qualifying shares) and voting interests of which are owned by any one or more of the Company and the Company’s other Wholly-Owned Subsidiaries at such time. 

  
 12 

 Schedule 1(a) 

[FORM OF SERIES A NOTE] 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE OFFERED,
TRANSFERRED, PLEDGED, SOLD OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER SUCH SECURITIES ACT AND ANY SUCH APPLICABLE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION THEREUNDER. 

EVERCORE PARTNERS INC. 

4.88% SERIES A SENIOR NOTE DUE MARCH 30, 2021 

 

			
	 No. [                    ]
	  	[Date]
	 $[            ]
	  	PPN: 29977A A*6

 FOR VALUE RECEIVED, the undersigned, EVERCORE
PARTNERS INC. (herein called the “Company”), a corporation organized and existing under the laws of the State of Delaware, hereby promises to pay to
[        ], or registered assigns, the principal sum of [        ] DOLLARS (or so much thereof as shall not have been prepaid) on March 30, 2021 (the
“Maturity Date”), with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 4.88% per annum from the date hereof, payable semiannually, on March 30 and
September 30 in each year, commencing with the March 30 or September 30 next succeeding the date hereof, and on the Maturity Date, until the principal hereof shall have become due and payable, and (b) to the extent permitted by
law, (x) on any overdue payment of interest and (y) during the continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-Whole Amount, at a rate per annum from time to time equal to the greater of (i) 6.88% or
(ii) 2% over the rate of interest publicly announced by JPMorgan Chase Bank, N.A. from time to time in New York, New York as its “base” or “prime” rate, payable semiannually as aforesaid (or, at the option of the registered
holder hereof, on demand). 
 Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in
lawful money of the United States of America at the Company’s offices at 55 E 52nd Street, New York, New York 10055 or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note
Purchase Agreement referred to below. 
 This Note is one of a series of Senior Notes (herein called the “Notes”) issued
pursuant to the Note Purchase Agreement, dated as of March 30, 2016 (as from time to time amended, amended and restated, supplemented or otherwise modified, the “Note Purchase Agreement”), between the Company and the respective
Purchasers named therein and is entitled to the benefits 

 
thereof. Each holder of this Note will be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 20 of the Note Purchase
Agreement and (ii) made the representation set forth in Section 6.2 of the Note Purchase Agreement. Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note
Purchase Agreement. 
 This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for
registration of transfer accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and
registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other
purposes, and the Company will not be affected by any notice to the contrary. 
 This Note is subject to prepayment, in whole or from time
to time in part, at the times and on the terms specified in the Note Purchase Agreement, but not otherwise. 
 If an Event of Default occurs
and is continuing, the principal of this Note may be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase Agreement. 

This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed by,
the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State. 

 

			
	EVERCORE PARTNERS INC.
		
	By	 	  

	Name:	 	
	Title:	 	

  
 2 

 Schedule 1(b) 

[FORM OF SERIES B NOTE] 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE OFFERED,
TRANSFERRED, PLEDGED, SOLD OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER SUCH SECURITIES ACT AND ANY SUCH APPLICABLE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION THEREUNDER. 

EVERCORE PARTNERS INC. 

5.23% SERIES B SENIOR NOTE DUE MARCH 30, 2023 

 

			
	 No. [                    ]
	  	[Date]
	 $[            ]
	  	PPN: 29977A A@4

 FOR VALUE RECEIVED, the undersigned, EVERCORE
PARTNERS INC. (herein called the “Company”), a corporation organized and existing under the laws of the State of Delaware, hereby promises to pay to
[        ], or registered assigns, the principal sum of [        ] DOLLARS (or so much thereof as shall not have been prepaid) on March 30, 2023 (the
“Maturity Date”), with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 5.23% per annum from the date hereof, payable semiannually, on March 30 and
September 30 in each year, commencing with the March 30 or September 30 next succeeding the date hereof, and on the Maturity Date, until the principal hereof shall have become due and payable, and (b) to the extent permitted by
law, (x) on any overdue payment of interest and (y) during the continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-Whole Amount, at a rate per annum from time to time equal to the greater of (i) 7.23% or
(ii) 2% over the rate of interest publicly announced by JPMorgan Chase Bank, N.A. from time to time in New York, New York as its “base” or “prime” rate, payable semiannually as aforesaid (or, at the option of the registered
holder hereof, on demand). 
 Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in
lawful money of the United States of America at the Company’s offices at 55 E 52nd Street, New York, New York 10055 or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note
Purchase Agreement referred to below. 
 This Note is one of a series of Senior Notes (herein called the “Notes”) issued
pursuant to the Note Purchase Agreement, dated as of March 30, 2016 (as from time to time amended, amended and restated, supplemented or otherwise modified, the “Note Purchase Agreement”), between the Company and the respective
Purchasers named therein and is entitled to the benefits 

 
thereof. Each holder of this Note will be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 20 of the Note Purchase
Agreement and (ii) made the representation set forth in Section 6.2 of the Note Purchase Agreement. Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note
Purchase Agreement. 
 This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for
registration of transfer accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and
registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other
purposes, and the Company will not be affected by any notice to the contrary. 
 This Note is subject to prepayment, in whole or from time
to time in part, at the times and on the terms specified in the Note Purchase Agreement, but not otherwise. 
 If an Event of Default occurs
and is continuing, the principal of this Note may be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase Agreement. 

This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed by,
the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State. 

 

			
	EVERCORE PARTNERS INC.
		
	By	 	  

	Name:	 	
	Title:	 	

  
 2 

 Schedule 1(c) 

[FORM OF SERIES C NOTE] 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE OFFERED,
TRANSFERRED, PLEDGED, SOLD OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER SUCH SECURITIES ACT AND ANY SUCH APPLICABLE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION THEREUNDER. 

EVERCORE PARTNERS INC. 

5.48% SERIES C SENIOR NOTE DUE MARCH 30, 2026 

 

			
	 No. [                    ]
	  	[Date]
	 $[            ]
	  	PPN: 29977A A#2

 FOR VALUE RECEIVED, the undersigned, EVERCORE
PARTNERS INC. (herein called the “Company”), a corporation organized and existing under the laws of the State of Delaware, hereby promises to pay to
[        ], or registered assigns, the principal sum of [        ] DOLLARS (or so much thereof as shall not have been prepaid) on March 30, 2026 (the
“Maturity Date”), with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 5.48% per annum from the date hereof, payable semiannually, on March 30 and
September 30 in each year, commencing with the March 30 or September 30 next succeeding the date hereof, and on the Maturity Date, until the principal hereof shall have become due and payable, and (b) to the extent permitted by
law, (x) on any overdue payment of interest and (y) during the continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-Whole Amount, at a rate per annum from time to time equal to the greater of (i) 7.48% or
(ii) 2% over the rate of interest publicly announced by JPMorgan Chase Bank, N.A. from time to time in New York, New York as its “base” or “prime” rate, payable semiannually as aforesaid (or, at the option of the registered
holder hereof, on demand). 
 Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in
lawful money of the United States of America at the Company’s offices at 55 E 52nd Street, New York, New York 10055 or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note
Purchase Agreement referred to below. 
 This Note is one of a series of Senior Notes (herein called the “Notes”) issued
pursuant to the Note Purchase Agreement, dated as of March 30, 2016 (as from time to time amended, amended and restated, supplemented or otherwise modified, the “Note Purchase Agreement”), between the Company and the respective
Purchasers named therein and is entitled to the benefits 

 
thereof. Each holder of this Note will be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 20 of the Note Purchase
Agreement and (ii) made the representation set forth in Section 6.2 of the Note Purchase Agreement. Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note
Purchase Agreement. 
 This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for
registration of transfer accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and
registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other
purposes, and the Company will not be affected by any notice to the contrary. 
 This Note is subject to prepayment, in whole or from time
to time in part, at the times and on the terms specified in the Note Purchase Agreement, but not otherwise. 
 If an Event of Default occurs
and is continuing, the principal of this Note may be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase Agreement. 

This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed by,
the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State. 

 

			
	EVERCORE PARTNERS INC.
		
	 By
	 	  

	 Name:
	 	
	 Title:
	 	

  
 2 

 Schedule 1(d) 

[FORM OF SERIES D NOTE] 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE OFFERED,
TRANSFERRED, PLEDGED, SOLD OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER SUCH SECURITIES ACT AND ANY SUCH APPLICABLE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION THEREUNDER. 

EVERCORE PARTNERS INC. 

5.58% SERIES D SENIOR NOTE DUE MARCH 30, 2028 

 

			
	 No. [                    ]
	  	[Date]
	 $[            ]
	  	PPN: 29977A B*5

 FOR VALUE RECEIVED, the undersigned, EVERCORE
PARTNERS INC. (herein called the “Company”), a corporation organized and existing under the laws of the State of Delaware, hereby promises to pay to
[        ], or registered assigns, the principal sum of [        ] DOLLARS (or so much thereof as shall not have been prepaid) on March 30, 2028 (the
“Maturity Date”), with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 5.58% per annum from the date hereof, payable semiannually, on March 30 and
September 30 in each year, commencing with the March 30 or September 30 next succeeding the date hereof, and on the Maturity Date, until the principal hereof shall have become due and payable, and (b) to the extent permitted by
law, (x) on any overdue payment of interest and (y) during the continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-Whole Amount, at a rate per annum from time to time equal to the greater of (i) 7.58% or
(ii) 2% over the rate of interest publicly announced by JPMorgan Chase Bank, N.A. from time to time in New York, New York as its “base” or “prime” rate, payable semiannually as aforesaid (or, at the option of the registered
holder hereof, on demand). 
 Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in
lawful money of the United States of America at the Company’s offices at 55 E 52nd Street, New York, New York 10055 or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note
Purchase Agreement referred to below. 
 This Note is one of a series of Senior Notes (herein called the “Notes”) issued
pursuant to the Note Purchase Agreement, dated as of March 30, 2016 (as from time to time amended, amended and restated, supplemented or otherwise modified, the “Note Purchase Agreement”), between the Company and the respective
Purchasers named therein and is entitled to the benefits 

 
thereof. Each holder of this Note will be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 20 of the Note Purchase
Agreement and (ii) made the representation set forth in Section 6.2 of the Note Purchase Agreement. Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note
Purchase Agreement. 
 This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for
registration of transfer accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and
registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other
purposes, and the Company will not be affected by any notice to the contrary. 
 This Note is subject to prepayment, in whole or from time
to time in part, at the times and on the terms specified in the Note Purchase Agreement, but not otherwise. 
 If an Event of Default occurs
and is continuing, the principal of this Note may be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase Agreement. 

This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed by,
the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State. 

 

			
	EVERCORE PARTNERS INC.
		
	By	 	  

	Name:	 	
	Title:	 	

  
 2 

 Schedule 2.2 

[FORM OF SUBSIDIARY GUARANTY] 

(Attached) 

 GUARANTY AGREEMENT 

THIS GUARANTY AGREEMENT, dated as of [            ], 2016 (this “Guaranty
Agreement”), is made by [                    ], a
[                    ] (the “Guarantor”) in favor of the Purchasers (as defined below) and the other holders from time to time of
the Notes (as defined below). The Purchasers and such other holders are herein collectively called the “holders” and individually a “holder.” 

PRELIMINARY STATEMENTS: 

I. Evercore Partners Inc., a Delaware corporation (the “Company”), [is entering / has entered] into a Note Purchase Agreement
dated as of March 30, 2016 (as amended, modified, supplemented or restated from time to time, the “Note Agreement”) with the Persons listed on the signature pages thereto (the “Purchasers”) [simultaneously with the
delivery of this Guaranty Agreement]. Capitalized terms used herein have the meanings specified in the Note Agreement unless otherwise defined herein. 

II. [The Company has authorized the issuance of and,] pursuant to the Note Agreement, the Company [proposes to issue and sell / has issued and
sold], (a) $38,000,000 aggregate principal amount of its 4.88% Series A Senior Notes due March 30, 2021, (b) $67,000,000 aggregate principal amount of its 5.23% Series B Senior Notes due March 30, 2023, (c) $48,000,000 aggregate principal amount of
its 5.48% Series C Senior Notes due March 30, 2026, and (d) $17,000,000 aggregate principal amount of its 5.58% Series D Senior Notes due March 30, 2028 (collectively, the “Initial Notes”). The Initial Notes and any other Notes that
may from time to time be issued pursuant to the Note Agreement (including any notes issued in substitution for any of the Notes) are herein collectively called the “Notes” and individually a “Note”. 

III. [It is a condition to the agreement of the Purchasers to purchase the Notes that this Guaranty Agreement shall have been executed and
delivered by the Guarantor and shall be in full force and effect / In order to induce the Purchasers to purchase the Notes, the Company has agreed pursuant to the Note Agreement to cause the Guarantor to deliver this Guaranty Agreement to the
holders.] 
 IV. The Guarantor will receive direct and indirect benefits from the financing arrangements contemplated by the Note Agreement.
The [Board of Directors] of the Guarantor has determined that the incurrence of such obligations is in the best interests of the Guarantor. 

NOW THEREFORE, in [order to induce / compliance with the Note Agreement], and in consideration of, the execution and delivery of the Note
Agreement and the purchase of the Notes by each of the Purchasers, the Guarantor hereby covenants and agrees with, and represents and warrants to each of the holders as follows: 

GUARANTY. 
 The Guarantor hereby
irrevocably and unconditionally guarantees to each holder, the due and punctual payment in full of (a) the principal of, Make-Whole Amount, if any, and interest on (including, without limitation, interest accruing after the filing of any
petition in bankruptcy, or 

 
the commencement of any insolvency, reorganization or like proceeding, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), and any other amounts due
under, the Notes when and as the same shall become due and payable (whether at stated maturity or by required or optional prepayment or by acceleration or otherwise) and (b) any other sums which may become due under the terms and provisions of the
Notes, the Note Agreement or any other instrument referred to therein (all such obligations described in clauses (a) and (b) above are herein called the “Guaranteed Obligations”). The guaranty in the preceding sentence is an
absolute, present and continuing guaranty of payment and not of collectibility and is in no way conditional or contingent upon any attempt to collect from the Company or any other guarantor of the Notes or upon any other action, occurrence or
circumstance whatsoever. In the event that the Company shall fail so to pay any of such Guaranteed Obligations, the Guarantor agrees to pay the same when due to the holders entitled thereto, without demand, presentment, protest or notice of any
kind, in lawful money of the United States of America, pursuant to the requirements for payment specified in the Notes and the Note Agreement. Each default in payment of any of the Guaranteed Obligations shall give rise to a separate cause of action
hereunder and separate suits may be brought hereunder as each cause of action arises. The Guarantor agrees that the Notes issued in connection with the Note Agreement may (but need not) make reference to this Guaranty Agreement. 

The Guarantor agrees to pay and to indemnify and save each holder harmless from and against any damage, loss, cost or expense (including
attorneys’ fees) which such holder may incur or be subject to as a consequence, direct or indirect, of (x) any breach by the Guarantor or by the Company of any warranty, covenant, term or condition in, or the occurrence of any default
under, this Guaranty Agreement, the Notes, the Note Agreement or any other instrument referred to therein, together with all expenses resulting from the compromise or defense of any claims or liabilities arising as a result of any such breach or
default, (y) any legal action commenced to challenge the validity or enforceability of this Guaranty Agreement, the Notes, the Note Agreement or any other instrument referred to therein and (z) enforcing or defending (or determining whether or how
to enforce or defend) the provisions of this Guaranty Agreement. 
 The Guarantor hereby acknowledges and agrees that the Guarantor’s
liability hereunder is joint and several with any other Person(s) who may guarantee the obligations and Indebtedness under and in respect of the Notes and the Note Agreement. 

Notwithstanding the foregoing provisions or any other provision of this Guaranty Agreement, the Purchasers (on behalf of themselves and their
successors and assigns) and the Guarantor hereby agree that if at any time the Guaranteed Obligations exceed the Maximum Guaranteed Amount determined as of such time with regard to the Guarantor, then this Guaranty Agreement shall be automatically
amended to reduce the Guaranteed Obligations to the Maximum Guaranteed Amount. Such amendment shall not require the written consent of the Guarantor or any holder and shall be deemed to have been automatically consented to by the Guarantor and
each holder. The Guarantor agrees that the Guaranteed Obligations may at any time exceed the Maximum Guaranteed Amount without affecting or impairing the obligation of the Guarantor. “Maximum Guaranteed Amount” means as of the date
of determination with respect to the Guarantor, the lesser of (a) the amount of the Guaranteed Obligations outstanding on such date and (b) the maximum amount that would not render the Guarantor’s liability under this Guaranty
Agreement subject to avoidance under Section 548 of the United States Bankruptcy Code (or any successor provision) or any comparable provision of applicable state law.1 

 
  

	1 	If the Guarantor is domiciled in a non-U.S. jurisdiction, this paragraph is to be revised as agreed among the Company, the Guarantor and the holders to reflect local law. 

  
 - 2 - 

 OBLIGATIONS ABSOLUTE. 

The obligations of the Guarantor hereunder shall be primary, absolute, irrevocable and unconditional, irrespective of the validity or
enforceability of the Notes, the Note Agreement or any other instrument referred to therein, shall not be subject to any counterclaim, setoff, deduction or defense based upon any claim the Guarantor may have against the Company or any holder or
otherwise, and shall remain in full force and effect without regard to, and shall not be released, discharged or in any way affected by, any circumstance or condition whatsoever (whether or not the Guarantor shall have any knowledge or notice
thereof), including, without limitation: (a) any amendment to, modification of, supplement to or restatement of the Notes, the Note Agreement or any other instrument referred to therein (it being agreed that the obligations of the Guarantor
hereunder shall apply to the Notes, the Note Agreement or any such other instrument as so amended, modified, supplemented or restated) or any assignment or transfer of any thereof or of any interest therein, or any furnishing, acceptance or release
of any security for the Notes or the addition, substitution or release of any other Subsidiary Guarantor or any other Person primarily or secondarily liable in respect of the Guaranteed Obligations; (b) any waiver, consent, extension, indulgence or
other action or inaction under or in respect of the Notes, the Note Agreement or any other instrument referred to therein; (c) any bankruptcy, insolvency, arrangement, reorganization, readjustment, composition, liquidation or similar proceeding with
respect to the Company or its property; (d) any merger, amalgamation or consolidation of the Guarantor or of the Company into or with any other Person or any sale, lease or transfer of any or all of the assets of the Guarantor or of the Company to
any Person; (e) any failure on the part of the Company for any reason to comply with or perform any of the terms of any other agreement with the Guarantor; (f) any failure on the part of any holder to obtain, maintain, register or otherwise
perfect any security; or (g) any other event or circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor (whether or not similar to the foregoing), and in any event however material or prejudicial it may
be to the Guarantor or to any subrogation, contribution or reimbursement rights the Guarantor may otherwise have. The Guarantor covenants that its obligations hereunder will not be discharged except [(x)] by payment in full in cash of all of
the Guaranteed Obligations and all other obligations hereunder [or (y) in accordance with Section 9.7(c) of the Note Agreement]2. 

WAIVER. 
 The Guarantor unconditionally
waives to the fullest extent permitted by law, (a) notice of acceptance hereof, of any action taken or omitted in reliance hereon and of any default by the Company in the payment of any amounts due under the Notes, the Note Agreement or any
other 
  

	2 	 The bracketed text should not be included for the guaranties by Evercore LP, Evercore Group Holdings L.P. or Evercore Partners Services East
L.L.C. 

  
 - 3 - 

 
instrument referred to therein, and of any of the matters referred to in Section 2 hereof, (b) all notices which may be required by statute, rule of law or otherwise to preserve any of the rights
of any holder against the Guarantor, including, without limitation, presentment to or demand for payment from the Company or the Guarantor with respect to any Note, notice to the Company or to the Guarantor of default or protest for nonpayment or
dishonor and the filing of claims with a court in the event of the bankruptcy of the Company, (c) any right to require any holder to enforce, assert or exercise any right, power or remedy including, without limitation, any right, power or remedy
conferred in the Note Agreement or the Notes, (d) any requirement for diligence on the part of any holder and (e) any other act or omission or thing or delay in doing any other act or thing which might in any manner or to any extent vary the risk of
the Guarantor or otherwise operate as a discharge of the Guarantor or in any manner lessen the obligations of the Guarantor hereunder. 
 OBLIGATIONS
UNIMPAIRED. 
 The Guarantor authorizes the holders, without notice or demand to the Guarantor and without affecting its obligations
hereunder, from time to time: (a) to renew, compromise, extend, accelerate or otherwise change the time for payment of, all or any part of the Notes, the Note Agreement or any other instrument referred to therein; (b) to change any of the
representations, covenants, events of default or any other terms or conditions of or pertaining to the Notes, the Note Agreement or any other instrument referred to therein, including, without limitation, decreases or increases in amounts of
principal, rates of interest, the Make-Whole Amount or any other obligation; (c) to take and hold security for the payment of the Notes, the Note Agreement or any other instrument referred to therein, for the performance of this Guaranty Agreement
or otherwise for the Indebtedness guaranteed hereby and to exchange, enforce, waive, subordinate and release any such security; (d) to apply any such security and to direct the order or manner of sale thereof as the holders in their sole discretion
may determine; (e) to obtain additional or substitute endorsers or guarantors or release any other Subsidiary Guarantor or any other Person primarily or secondarily liable in respect of the Guaranteed Obligations; (f) to exercise or refrain
from exercising any rights against the Company or any other Person; and (g) to apply any sums, by whomsoever paid or however realized, to the payment of the Guaranteed Obligations and all other obligations owed hereunder. The holders shall
have no obligation to proceed against any additional or substitute endorsers or guarantors or to pursue or exhaust any security provided by the Company, the Guarantor or any other Person or to pursue any other remedy available to the holders. 

If an event permitting the acceleration of the maturity of the principal amount of any Notes shall exist and such acceleration shall at such
time be prevented or the right of any holder to receive any payment on account of the Guaranteed Obligations shall at such time be delayed or otherwise affected by reason of the pendency against the Company, the Guarantor or any other guarantors of
a case or proceeding under a bankruptcy or insolvency law, the Guarantor agrees that, for purposes of this Guaranty Agreement and its obligations hereunder, the maturity of such principal amount shall be deemed to have been accelerated with the same
effect as if the holder thereof had accelerated the same in accordance with the terms of the Note Agreement, and the Guarantor shall forthwith pay such accelerated Guaranteed Obligations. 

  
 - 4 - 

 SUBROGATION AND SUBORDINATION. 

The Guarantor will not exercise any rights which it may have acquired by way of subrogation under this Guaranty Agreement, by any payment made
hereunder or otherwise, or accept any payment on account of such subrogation rights, or any rights of reimbursement, contribution or indemnity or any rights or recourse to any security for the Notes or this Guaranty Agreement unless and until all of
the Guaranteed Obligations shall have been paid in full in cash. 
 The Guarantor hereby subordinates the payment of all Indebtedness and
other obligations of the Company or any other guarantor of the Guaranteed Obligations owing to the Guarantor, whether now existing or hereafter arising, including, without limitation, all rights and claims described in clause (a) of this Section 5,
to the payment in full in cash of all of the Guaranteed Obligations. If the Required Holders so request, any such Indebtedness or other obligations shall be enforced and performance received by the Guarantor as trustee for the holders and the
proceeds thereof shall be paid over to the holders promptly, in the form received (together with any necessary endorsements) to be applied to the Guaranteed Obligations, whether matured or unmatured, as may be directed by the Required Holders, but
without reducing or affecting in any manner the liability of the Guarantor under this Guaranty Agreement. 
 If any amount or other payment
is made to or accepted by the Guarantor in violation of any of the preceding clauses (a) and (b) of this Section 5, such amount shall be deemed to have been paid to the Guarantor for the benefit of, and held in trust for the benefit of, the holders
and shall be paid over to the holders promptly, in the form received (together with any necessary endorsements) to be applied to the Guaranteed Obligations, whether matured or unmatured, as may be directed by the Required Holders, but without
reducing or affecting in any manner the liability of the Guarantor under this Guaranty Agreement. 
 The Guarantor acknowledges that it will
receive direct and indirect benefits from the financing arrangements contemplated by the Note Agreement and that its agreements set forth in this Guaranty Agreement (including this Section 5) are knowingly made in contemplation of such benefits.

 REINSTATEMENT OF GUARANTY. 
 This
Guaranty Agreement shall continue to be effective, or be reinstated, as the case may be, if and to the extent at any time payment, in whole or in part, of any of the sums due to any holder on account of the Guaranteed Obligations is rescinded or
must otherwise be restored or returned by a holder upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Company or any other guarantors, or upon or as a result of the appointment of a custodian, receiver, trustee or
other officer with similar powers with respect to the Company or any other guarantors or any part of its or their property, or otherwise, all as though such payments had not been made. 

RANK OF GUARANTY. 
 The Guarantor will
ensure that its payment obligations under this Guaranty Agreement will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of the Guarantor now or hereafter existing.

  
 - 5 - 

 REPRESENTATIONS AND WARRANTIES OF THE GUARANTOR. 

The Guarantor represents and warrants to each holder as follows: 

Organization; Power and Authority. The Guarantor is a
[                    ], duly organized, validly existing and in good standing under the laws of its jurisdiction of
[                    ], and is duly qualified as a foreign
[                    ] and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as
to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Guarantor has the
[                    ] power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business
it transacts and proposes to transact, to execute and deliver this Guaranty Agreement and to perform the provisions hereof. 

Authorization, etc. This Guaranty Agreement has been duly authorized by all necessary
[                    ] action on the part of the Guarantor, and this Guaranty Agreement constitutes a legal, valid and binding obligation of the
Guarantor enforceable against the Guarantor in accordance with its terms, except as such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of
creditors’ rights generally and (b) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

Compliance with Laws, Other Instruments, etc. The execution, delivery and performance by the Guarantor of this Guaranty
Agreement will not (a) contravene, result in any breach of, or constitute a default under, or result in the creation of any Lien in respect of any property of the Guarantor or any of its Subsidiaries under, any indenture, mortgage, deed of
trust, loan, purchase or credit agreement, lease, organizational documents, or any other agreement or instrument to which the Guarantor or any of its Subsidiaries is bound or by which the Guarantor or any of its Subsidiaries or any of their
respective properties may be bound or affected, (b) conflict with or result in a breach of any of the terms, conditions or provisions of any order, judgment, decree, or ruling of any court, arbitrator or Governmental Authority applicable to the
Guarantor or any of its Subsidiaries or (c) violate any provision of any statute or other rule or regulation of any Governmental Authority applicable to the Guarantor or any of its Subsidiaries. 

Governmental Authorizations, etc. No consent, approval or authorization of, or registration, filing or declaration with,
any Governmental Authority is required in connection with the execution, delivery or performance by the Guarantor of this Guaranty Agreement. 

Information Regarding the Company. The Guarantor now has and will continue to have independent means of obtaining
information concerning the affairs, financial condition and business of the Company. No holder shall have any duty or responsibility to provide the Guarantor with any credit or other information concerning the affairs, financial condition or
business of the Company which may come into possession of the holders. 
 Solvency. Upon the execution and delivery
hereof, the Guarantor will be solvent, will be able to pay its debts as they mature, and will have capital sufficient to carry on its business. 

  
 - 6 - 

 Additional Representations and Warranties. The Guarantor hereby makes, as of the date
hereof and only as to itself, each of the representations and warranties set forth in Section 5 of the Note Agreement that is applicable to the Guarantor. 

[TAX INDEMNIFICATION.3 

All payments whatsoever under this Guaranty Agreement will be made by the Guarantor free and clear of, and without liability for withholding or
deduction for or on account of, any present or future tax (whether income, documentary, sales, stamp, registration, issue, capital, property, excise or otherwise), duty, assessment, levy, impost, fee, compulsory loan, charge or withholding (a
“Tax”) of whatever nature imposed or levied by or on behalf of any jurisdiction other than the United States (or any political subdivision or taxing authority of or in such jurisdiction) (a “Taxing Jurisdiction”),
unless the withholding or deduction of such Tax is compelled by law. 
 If any deduction or withholding for any Tax of a Taxing Jurisdiction
shall at any time be required in respect of any amounts to be paid by the Guarantor under this Guaranty Agreement, the Guarantor will pay to the relevant Taxing Jurisdiction the full amount required to be withheld, deducted or otherwise paid before
penalties attach thereto or interest accrues thereon and pay to each holder such additional amounts as may be necessary in order that the net amounts paid to such holder pursuant to the terms of this Guaranty Agreement after such deduction,
withholding or payment (including, without limitation, any required deduction or withholding of Tax on or with respect to such additional amount), shall be not less than the amounts then due and payable to such holder under the terms of this
Guaranty Agreement before the assessment of such Tax, provided that no payment of any additional amounts shall be required to be made for or on account of: 

any Tax that would not have been imposed but for the existence of any present or former connection between such holder (or a fiduciary,
settlor, beneficiary, member of, shareholder of, or possessor of a power over, such holder, if such holder is an estate, trust, partnership or corporation or any Person other than the holder to whom the Notes or any amount payable thereon is
attributable for the purposes of such Tax) and the Taxing Jurisdiction, other than the mere holding of the relevant Note or the receipt of payments thereunder or in respect thereof, including, without limitation, such holder (or such other Person
described in the above parenthetical) being or having been a citizen or resident thereof, or being or having been present or engaged in trade or business therein or having or having had an establishment, office, fixed base or branch therein,
provided that this exclusion shall not apply with respect to a Tax that would not have been imposed but for the Guarantor, after the date of this Guaranty Agreement, opening an office in, moving an office to, reincorporating in, or changing
the Taxing Jurisdiction from or through which payments on account of this Guaranty Agreement are made to, the Taxing Jurisdiction imposing the relevant Tax; 

any Tax that would not have been imposed but for the delay or failure by such holder (following a written request by the Guarantor) in the
filing with the Guarantor or the relevant Taxing Jurisdiction of Forms (as defined below) that are required to be filed by such holder to 

 

	3 	 To be included if the Guarantor is domiciled in a non-U.S. jurisdiction. 

  
 - 7 - 

 
avoid or reduce such Taxes (including for such purpose any refilings or renewals of filings that may from time to time be required by the relevant Taxing Jurisdiction), provided that the
filing of such Forms would not (in such holder’s reasonable judgment) impose any unreasonable burden (in time, resources or otherwise) on such holder or result in any confidential or proprietary income tax return information being revealed,
either directly or indirectly, to any Person and such delay or failure could have been lawfully avoided by such holder, and provided further that such holder shall be deemed to have satisfied the requirements of this clause (b) upon
the good faith completion and submission of such Forms (including refilings or renewals of filings) as may be specified in a written request of the Guarantor no later than 60 days after receipt by such holder of such written request (accompanied by
copies of such Forms and related instructions, if any, all in the English language or with an English translation thereof); 
 any Tax that
would not have been so imposed but for the presentation of a Note (where presentation is required) for payment on a date more than 30 days after the date on which such payment became due and payable or after the date on which payment thereof is duly
provided for, whichever is later; or 
 any combination of clauses (a), (b) and (c) above; 

and provided further that in no event shall the Guarantor be obligated to pay such additional amounts (i) to any holder not resident in the
United States of America or any other jurisdiction in which a holder is resident for tax purposes on the date of this Guaranty Agreement in excess of the amounts that the Guarantor would be obligated to pay if such holder had been a resident of the
United States of America or such other jurisdiction, as applicable, for purposes of, and eligible for the benefits of, any double taxation treaty from time to time in effect between the United States of America or such other jurisdiction and the
relevant Taxing Jurisdiction or (ii) to any holder of a Note registered in the name of a nominee if under the law of the relevant Taxing Jurisdiction (or the current regulatory interpretation of such law) securities held in the name of a nominee do
not qualify for an exemption from the relevant Tax and the Guarantor shall have given timely notice of such law or interpretation to such holder. 

By acceptance of any Note, the holder of such Note agrees, subject to the limitations of clause (b) above, that it will from time to time with
reasonable promptness (x) duly complete and deliver to or as reasonably directed by the Guarantor all such forms, certificates, documents and returns provided to such holder by the Guarantor (collectively, together with instructions for completing
the same, “Forms”) required to be filed by or on behalf of such holder in order to avoid or reduce any Tax pursuant to the provisions of an applicable statute, regulation or administrative practice of the relevant Taxing
Jurisdiction or of a tax treaty between the United States and such Taxing Jurisdiction and (y) provide the Guarantor with such information with respect to such holder as the Guarantor may reasonably request in order to complete any such Forms,
provided that nothing in this Section 9 shall require any holder to provide information with respect to any such Form or otherwise if in the opinion of such holder such Form or disclosure of information would involve the disclosure of tax
return or other information that is confidential or proprietary to such holder, and provided, further, that each such holder shall be deemed to have complied with its obligation under this paragraph with respect to any Form if such
Form shall have been duly completed and delivered by such holder to the Guarantor or mailed to the appropriate taxing authority (which in the case of any Form which requires that it 

  
 - 8 - 

 
be submitted to the United States Internal Revenue Service as a condition to its effectiveness in the Taxing Jurisdiction shall be deemed to occur when such Form is submitted to the United States
Internal Revenue Service in accordance with instructions contained in such Form), whichever is applicable, within 60 days following a written request of the Guarantor (which request shall be accompanied by copies of such Form and English
translations of any such Form not in the English language) and, in the case of a transfer of any Note, at least 90 days prior to the relevant interest payment date. 

On or before the date of this Guaranty Agreement the Guarantor shall have furnished each Purchaser with copies of the appropriate Form (and
English translation if required as aforesaid) currently required to be filed in [                    ] pursuant to clause (b) of the second paragraph
of this Section 9, if any, and in connection with the transfer of any Note the Guarantor will furnish the transferee of such Note with copies of any Form and English translation then required. 

If any payment is made by the Guarantor to or for the account of the holder of any Note after deduction for or on account of any Taxes, and
increased payments are made by the Guarantor pursuant to this Section 9, then, if such holder at its sole discretion determines that it has received or been granted a refund of such Taxes, such holder shall, to the extent that it can do so without
prejudice to the retention of the amount of such refund, reimburse to the Guarantor such amount as such holder shall, in its sole discretion, determine to be attributable to the relevant Taxes or deduction or withholding. Nothing herein
contained shall interfere with the right of the holder of any Note to arrange its tax affairs in whatever manner it thinks fit and, in particular, no holder of any Note shall be under any obligation to claim relief from its corporate profits or
similar tax liability in respect of such Tax in priority to any other claims, reliefs, credits or deductions available to it or (other than as set forth in clause (b) above) oblige any holder of any Note to disclose any information relating to its
tax affairs or any computations in respect thereof. 
 The Guarantor will furnish the holders of Notes, promptly and in any event within 60
days after the date of any payment by the Guarantor of any Tax in respect of any amounts paid under this Guaranty Agreement, the original tax receipt issued by the relevant taxation or other authorities involved for all amounts paid as aforesaid (or
if such original tax receipt is not available or must legally be kept in the possession of the Guarantor, a duly certified copy of the original tax receipt or any other reasonably satisfactory evidence of payment), together with such other
documentary evidence with respect to such payments as may be reasonably requested from time to time by any holder of a Note. 
 If the
Guarantor is required by any applicable law, as modified by the practice of the taxation or other authority of any relevant Taxing Jurisdiction, to make any deduction or withholding of any Tax in respect of which the Guarantor would be required to
pay any additional amount under this Section 9, but for any reason does not make such deduction or withholding with the result that a liability in respect of such Tax is assessed directly against the holder of any Note, and such holder pays such
liability, then the Guarantor will promptly reimburse such holder for such payment (including any related interest or penalties to the extent such interest or penalties arise by virtue of a default or delay by the Guarantor) upon demand by such
holder accompanied by an official receipt (or a duly certified copy thereof) issued by the taxation or other authority of the relevant Taxing Jurisdiction. 

  
 - 9 - 

 If the Guarantor makes payment to or for the account of any holder of a Note and such holder is
entitled to a refund of the Tax to which such payment is attributable upon the making of a filing (other than a Form described above), then such holder shall, as soon as practicable after receiving written request from the Guarantor (which shall
specify in reasonable detail and supply the refund forms to be filed) use reasonable efforts to complete and deliver such refund forms to or as directed by the Guarantor, subject, however, to the same limitations with respect to Forms as are set
forth above. 
 The obligations of the Guarantor under this Section 9 shall survive the payment or transfer of any Note and the provisions
of this Section 9 shall also apply to successive transferees of the Notes.] 
 TERM OF GUARANTY AGREEMENT. 

This Guaranty Agreement and all guarantees, covenants and agreements of the Guarantor contained herein shall continue in full force and effect
and[, subject to Section 9.7(c) of the Note Agreement,]4 shall not be discharged until such time as all of the Guaranteed Obligations and all other obligations hereunder shall be paid in
full in cash and shall be subject to reinstatement pursuant to Section 6. 
 SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT. 

All representations and warranties contained herein shall survive the execution and delivery of this Guaranty Agreement and may be relied upon
by any subsequent holder, regardless of any investigation made at any time by or on behalf of any Purchaser or any other holder. All statements contained in any certificate or other instrument delivered by or on behalf of the Guarantor pursuant
to this Guaranty Agreement shall be deemed representations and warranties of the Guarantor under this Guaranty Agreement. Subject to the preceding sentence, this Guaranty Agreement embodies the entire agreement and understanding between each
holder and the Guarantor and supersedes all prior agreements and understandings relating to the subject matter hereof. 
  

 

	4 	The bracketed text should not be included for the guaranties by Evercore LP, Evercore Group Holdings L.P. or Evercore Partners Services East L.L.C. 

  
 - 10 - 

 AMENDMENT AND WAIVER. 

Requirements. Except as otherwise provided in the fourth paragraph of Section 1 of this Guaranty Agreement, this
Guaranty Agreement may be amended, and the observance of any term hereof may be waived (either retroactively or prospectively), with (and only with) the written consent of the Guarantor and the Required Holders, except that no amendment or waiver
(a) of any of the first three paragraphs of Section 1 or any of the provisions of Section 2, 3, 4, 5, 6, 7, [9], 10[,] [or] 12 [or 14.7]5 hereof, or any defined term (as it is used
therein), or (b) which results in the limitation of the liability of the Guarantor hereunder (except to the extent provided in the fourth paragraph of Section 1 of this Guaranty Agreement) or in the release of the Guarantor from its obligations
hereunder or in a reduction of the scope of this Guaranty Agreement, will be effective as to any holder unless consented to by such holder in writing. 

Solicitation of Holders of Notes. 

Solicitation. The Guarantor will provide each holder of the Notes (irrespective of the amount of Notes then owned by it) with
sufficient information, sufficiently far in advance of the date a decision is required, to enable such holder to make an informed and considered decision with respect to any proposed amendment, waiver or consent in respect of any of the provisions
hereof. The Guarantor will deliver executed or true and correct copies of each amendment, waiver or consent effected pursuant to the provisions of this Section 12.2 to each holder promptly following the date on which it is executed and
delivered by, or receives the consent or approval of, the requisite holders of Notes. 
 Payment. The Guarantor will not
directly or indirectly pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, or grant any security or provide other credit support, to any holder as consideration for or as an inducement
to the entering into by any holder of any waiver or amendment of any of the terms and provisions hereof unless such remuneration is concurrently paid, or security is concurrently granted or other credit support concurrently provided, on the same
terms, ratably to each holder even if such holder did not consent to such waiver or amendment. 
 Consent in Contemplation of
Transfer. Any consent given pursuant to this Section 12 by a holder that has transferred or has agreed to transfer its Note to (i) the Company, (ii) any Subsidiary or any other Affiliate (including the Guarantor) of the Company or (iii) any
other Person in connection with, or in anticipation of, such other Person acquiring, making a tender offer for or merging with the Company and/or any of its Affiliates, in each case in connection with such consent, shall be void and of no force or
effect except solely as to such holder, and any amendments effected or waivers granted or to be effected or granted that would not have been or would not be so effected or granted but for such consent (and the consents of all other holders of Notes
that were acquired under the same or similar conditions) shall be void and of no force or effect except solely as to such holder. 

Binding Effect. Any amendment or waiver consented to as provided in this Section 12 applies equally to all holders
and is binding upon them and upon each future holder and upon the Guarantor without regard to whether any Note has been marked to indicate such amendment or 
  

 

	5 	 Section references to be updated if the Tax Indemnification section is not included.

  
 - 11 - 

 
waiver. No such amendment or waiver will extend to or affect any obligation, covenant or agreement not expressly amended or waived or impair any right consequent thereon. No course of dealing
between the Guarantor and the holder nor any delay in exercising any rights hereunder or under any Note shall operate as a waiver of any rights of any holder. As used herein, the term “this Guaranty Agreement” and references thereto
shall mean this Guaranty Agreement as it may be amended, modified, supplemented or restated from time to time. 
 Notes Held by Company,
etc. Solely for the purpose of determining whether the holders of the requisite percentage of the aggregate principal amount of Notes then outstanding approved or consented to any amendment, waiver or consent to be given under
this Guaranty Agreement, or have directed the taking of any action provided herein to be taken upon the direction of the holders of a specified percentage of the aggregate principal amount of Notes then outstanding, Notes directly or indirectly
owned by the Guarantor, the Company or any of their respective Affiliates shall be deemed not to be outstanding. 
 NOTICES[; ENGLISH LANGUAGE]. 

All notices and communications provided for hereunder shall be in writing and sent (a) by telecopy if the sender on the same day sends a
confirming copy of such notice by a recognized overnight delivery service (charges prepaid), or (b) by registered or certified mail with return receipt requested (postage prepaid), or (c) by a recognized overnight delivery service (with charges
prepaid). Any such notice must be sent: 
 if to the Guarantor, to
[                    ], or such other address as the Guarantor shall have specified to the holders in writing, or 

if to any holder, to such holder at the addresses specified for such communications set forth in Schedule B to the Note Agreement, or such
other address as such holder shall have specified to the Guarantor in writing. 
 [Each document, instrument, financial statement, report, notice or other
communication delivered in connection with this Guaranty Agreement shall be in English or accompanied by an English translation thereof. 

This Guaranty Agreement has been prepared and signed in English and the Guarantor agrees that the English version hereof (to the maximum
extent permitted by applicable law) shall be the only version valid for the purpose of the interpretation and construction hereof and thereof notwithstanding the preparation of any translation into another language hereof or thereof, whether
official or otherwise or whether prepared in relation to any proceedings which may be brought in [                    ] or any other jurisdiction in
respect hereof or thereof.]6 
  

 

	6 	To be included if the Guarantor is domiciled in a jurisdiction in which English is not the official or primary language. 

  
 - 12 - 

 MISCELLANEOUS. 

Successors and Assigns. All covenants and other agreements contained in this Guaranty Agreement by or on behalf of
any of the parties hereto bind and inure to the benefit of their respective successors and assigns whether so expressed or not. 

Severability. Any provision of this Guaranty Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall (to the full extent permitted by law),
not invalidate or render unenforceable such provision in any other jurisdiction. 
 Construction. Each covenant
contained herein shall be construed (absent express provision to the contrary) as being independent of each other covenant contained herein, so that compliance with any one covenant shall not (absent such express contrary provision) be deemed to
excuse compliance with any other covenant. Whether any provision herein refers to action to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or
indirectly by such Person. 
 The section and subsection headings in this Guaranty Agreement are for convenience of reference only and shall
neither be deemed to be a part of this Guaranty Agreement nor modify, define, expand or limit any of the terms or provisions hereof. All references herein to numbered sections, unless otherwise indicated, are to sections of this Guaranty
Agreement. Words and definitions in the singular shall be read and construed as though in the plural and vice versa, and words in the masculine, neuter or feminine gender shall be read and construed as though in either of the other
genders where the context so requires. 
 Further Assurances. The Guarantor agrees to execute and deliver all such
instruments and take all such action as the Required Holders may from time to time reasonably request in order to effectuate fully the purposes of this Guaranty Agreement. 

Governing Law. This Guaranty Agreement shall be construed and enforced in accordance with, and the rights of the parties
shall be governed by, the law of the State of New York, excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State. 

Jurisdiction and Process; Waiver of Jury Trial. 

The Guarantor irrevocably submits to the non-exclusive jurisdiction of any New York State or federal court sitting in the Borough of Manhattan,
The City of New York, over any suit, action or proceeding arising out of or relating to this Guaranty Agreement. To the fullest extent permitted by applicable law, the Guarantor irrevocably waives and agrees not to assert, by way of motion, as
a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim
that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 
 The Guarantor consents to
process being served by or on behalf of any holder in any suit, action or proceeding of the nature referred to in Section 14.6(a) by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid,
return 

  
 - 13 - 

 
receipt requested, [to it at its address specified in Section 13 or at such other address of which such holder shall then have been notified pursuant to Section 13 / or delivering a copy thereof
in the manner for delivery of notices specified in Section 13, to [                    ] (the “Process Agent”), as its agent for the
purpose of accepting service of any process in the United States].7 The Guarantor agrees that such service upon receipt (i) shall be deemed in every respect effective service of
process upon it in any such suit, action or proceeding and (ii) shall, to the fullest extent permitted by applicable law, be taken and held to be valid personal service upon and personal delivery to it. Notices hereunder shall be
conclusively presumed received as evidenced by a delivery receipt furnished by the United States Postal Service or any reputable commercial delivery service. 

Nothing in this Section 14.6 shall affect the right of any holder to serve process in any manner permitted by law, or limit any right that the
holders may have to bring proceedings against the Guarantor in the courts of any appropriate jurisdiction or to enforce in any lawful manner a judgment obtained in one jurisdiction in any other jurisdiction. 

[The Guarantor hereby irrevocably appoints the Process Agent to receive for it, and on its behalf, service of process in the United
States.]8 
 THE GUARANTOR AND THE HOLDERS HEREBY WAIVE TRIAL BY JURY IN ANY
ACTION BROUGHT ON OR WITH RESPECT TO THIS GUARANTY AGREEMENT OR OTHER DOCUMENT EXECUTED IN CONNECTION HEREWITH. 
 [Obligation to Make
Payment in United States Dollars. Any payment on account of an amount that is payable hereunder in United States Dollars which is made to or for the account of any holder in any other currency, whether as a result of any judgment or
order or the enforcement thereof or the realization of any security or the liquidation of the Guarantor, shall constitute a discharge of the obligation of the Guarantor under this Guaranty Agreement only to the extent of the amount of United States
Dollars which such holder could purchase in the foreign exchange markets in [            ,         ], with the amount of such other currency in
accordance with normal banking procedures at the rate of exchange prevailing on the [                    ] Banking Day following receipt of the
payment first referred to above. If the amount of United States Dollars that could be so purchased is less than the amount of United States Dollars originally due to such holder, the Guarantor agrees to the fullest extent permitted by law, to
indemnify and save harmless such holder from and against all loss or damage arising out of or as a result of such deficiency. This indemnity shall, to the fullest extent permitted by law, constitute an obligation separate and independent from the
other obligations contained in this Guaranty Agreement, shall give rise to a separate and independent cause of action, shall apply irrespective of any indulgence granted by such holder from time to time and shall continue in full force and effect
notwithstanding any judgment or order for a liquidated sum in respect of an amount due hereunder or under any judgment or order. As used herein the term
“[                    ] Banking Day” shall mean any day other than Saturday or Sunday or a day on which commercial banks are
required or authorized by law to be closed in [            ,         ]].9

  
  

	7 	Use process agent references if Guarantor is a non-U.S. entity. 

	8 	To be included if Guarantor is a non-U.S. entity. 

	9 	To be included if Guarantor is a non-U.S. entity. 

  
 - 14 - 

 Reproduction of Documents; Execution. This Guaranty Agreement may be
reproduced by any holder by any photographic, photostatic, electronic, digital, or other similar process and such holder may destroy any original document so reproduced. The Guarantor agrees and stipulates that, to the extent permitted by
applicable law, any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding (whether or not the original is in existence and whether or not such reproduction was made by such holder in
the regular course of business) and any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence. This Section 14.8 shall not prohibit the Guarantor or any other holder of Notes from
contesting any such reproduction to the same extent that it could contest the original, or from introducing evidence to demonstrate the inaccuracy of any such reproduction. A facsimile or electronic transmission of the signature page of the
Guarantor shall be as effective as delivery of a manually executed counterpart hereof and shall be admissible into evidence for all purposes. 

[Remainder of Page Intentionally Left Blank; Signature Page Follows] 

  
 - 15 - 

 IN WITNESS WHEREOF, the Guarantor has caused this Guaranty Agreement to be duly executed and
delivered as of the date and year first above written. 
  

			
	[NAME OF GUARANTOR]
		
	By:	 	  

	Name:	 	
	Title:EX-4.1

 Exhibit 4.1 
  

 
  

GENERAL MOTORS FINANCIAL COMPANY, INC., 

Issuer 
 AND 

U.S. BANK NATIONAL ASSOCIATION, 

Trustee 
  

 
 Indenture

 Dated as of March 31, 2016 
  

 
 Variable
Denomination Floating Rate 
 Demand Notes 
  

 
  

 Reconciliation and Tie between Trust Indenture Act of 1939 and 

Indenture, dated as of March 31, 2016 

between 
 General Motors
Financial Company, Inc., Issuer 
 and 

U.S. Bank National Association, Trustee 
  

			
	 Trust Indenture Act Section
	  	 Indenture Section

	§310(a)(1)	  	6.09
	(a)(2)	  	6.09
	(a)(3)	  	Not Applicable
	(a)(4)	  	Not Applicable
	(a)(5)	  	6.09
	(b)	  	6.08
		  	6.10
	§311(a)	  	6.13
	(b)	  	6.13
	(b)(2)	  	7.03(a)(3)
		  	7.03(b)
	§312(a)	  	7.01
		  	7.02(a)
	(b)	  	7.02(b)
	(c)	  	7.02(b)
	§313(a)	  	7.03(a)
	(b)	  	7.03(b)
	(c)	  	7.03(a), 7.03(b)
	(d)	  	7.03(c)
	§314(a)(1)	  	7.04
	(a)(2)	  	7.04
	(a)(3)	  	7.04
	(a)(4)	  	10.04
	(b)	  	Not Applicable
	(c)(1)	  	1.02
	(c)(2)	  	1.02
	(c)(3)	  	Not Applicable
	(d)	  	Not Applicable
	(e)	  	1.02
	§315(a)	  	6.01(a)
	(b)	  	6.02
		  	7.03(a)(6)
	(c)	  	6.01(b)
	(d)	  	6.01(c)
	(d)(1)	  	6.01(a)
	(d)(2)	  	6.01(c)(2)
	(d)(3)	  	6.01(c)(3)
	(e)	  	5.14
	§316(a)	  	1.01
	(a)(1)(A)	  	5.02
	(a)(1)(B)	  	5.13
	(a)(2)	  	Not Applicable
	(b)	  	5.08
	(c)	  	1.04(e)
	§317(a)(1)	  	5.03
	(a)(2)	  	5.04
	(b)	  	10.03
	§318(a)	  	1.07

  

NOTE: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
	 ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	  
	 Section 1.01.
	 	 Definitions
	  	 	1	  
	 Section 1.02.
	 	 Compliance Certificates and Opinions
	  	 	5	  
	 Section 1.03.
	 	 Form of Documents Delivered to Trustee
	  	 	5	  
	 Section 1.04.
	 	 Acts of Holders
	  	 	6	  
	 Section 1.05.
	 	 Notices, Etc., to Trustee, Company and Agent Bank
	  	 	6	  
	 Section 1.06.
	 	 Notice to Holders; Waiver
	  	 	7	  
	 Section 1.07.
	 	 Conflict with Trust Indenture Act
	  	 	8	  
	 Section 1.08.
	 	 Effect of Headings and Table of Contents
	  	 	8	  
	 Section 1.09.
	 	 Successors and Assigns
	  	 	8	  
	 Section 1.10.
	 	 Separability Clause
	  	 	8	  
	 Section 1.11.
	 	 Benefits of Indenture
	  	 	8	  
	 Section 1.12.
	 	 Governing Law; Waiver of Jury Trial
	  	 	8	  
	 Section 1.13.
	 	 Legal Holidays
	  	 	8	  
	 Section 1.14.
	 	 Persons Deemed Owners
	  	 	8	  
		
	 ARTICLE TWO AMOUNT, FORM, PRIORITY, PAYMENT, INTEREST AND RESTRICTION ON TRANSFER OF SECURITIES
	  	 	9	  
	 Section 2.01.
	 	 Amount Unlimited
	  	 	9	  
	 Section 2.02.
	 	 Form
	  	 	9	  
	 Section 2.03.
	 	 Priority
	  	 	9	  
	 Section 2.04.
	 	 Payment
	  	 	9	  
	 Section 2.05.
	 	 Restriction on Transfer of Securities
	  	 	9	  
		
	 ARTICLE THREE REDEMPTION OF SECURITIES
	  	 	9	  
	 Section 3.01.
	 	 Redemption of All or Part of the Securities
	  	 	9	  
	 Section 3.02.
	 	 Redemption of a Specified Holder’s Securities
	  	 	10	  
	 Section 3.03.
	 	 Payment of Redemption Price for Company Redemptions; Selection of Securities for Redemption
	  	 	10	  
	 Section 3.04.
	 	 Redemption at the Option of the Holder
	  	 	11	  
	 Section 3.05.
	 	 Redemption by Offsetting Application of Fees
	  	 	11	  
		
	 ARTICLE FOUR SATISFACTION AND DISCHARGE OF INDENTURE
	  	 	12	  
	 Section 4.01.
	 	 Satisfaction and Discharge of Indenture
	  	 	12	  
	 Section 4.02.
	 	 Application of Trust Money
	  	 	12	  
		
	 ARTICLE FIVE REMEDIES
	  	 	12	  
	 Section 5.01.
	 	 Events of Default
	  	 	12	  
	 Section 5.02.
	 	 Acceleration of Maturity; Rescission and Annulment
	  	 	13	  
	 Section 5.03.
	 	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	14	  
	 Section 5.04.
	 	 Trustee May File Proofs of Claim
	  	 	14	  
	 Section 5.05.
	 	 Trustee May Enforce Claims Without Possession of Securities
	  	 	15	  
	 Section 5.06.
	 	 Application of Money Collected
	  	 	15	  
	 Section 5.07.
	 	 Limitation on Suits
	  	 	15	  
	 Section 5.08.
	 	 Unconditional Right of Holders to Receive Principal, Premium and Interest
	  	 	16	  
	 Section 5.09.
	 	 Restoration of Rights and Remedies
	  	 	16	  
	 Section 5.10.
	 	 Rights and Remedies Cumulative
	  	 	16	  

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	Page	 
	 Section 5.11.
	 	 Delay or Omission Not Waiver
	  	 	16	  
	 Section 5.12.
	 	 Control by Holders
	  	 	16	  
	 Section 5.13.
	 	 Waiver of Past Defaults
	  	 	17	  
	 Section 5.14.
	 	 Undertaking for Costs
	  	 	17	  
		
	 ARTICLE SIX THE TRUSTEE
	  	 	17	  
	 Section 6.01.
	 	 Certain Duties and Responsibilities
	  	 	17	  
	 Section 6.02.
	 	 Notice of Defaults
	  	 	18	  
	 Section 6.03.
	 	 Certain Rights of Trustee
	  	 	19	  
	 Section 6.04.
	 	 Not Responsible for Recitals or Issuance of Securities
	  	 	20	  
	 Section 6.05.
	 	 May Hold Securities
	  	 	20	  
	 Section 6.06.
	 	 Money Held in Trust
	  	 	20	  
	 Section 6.07.
	 	 Compensation and Reimbursement
	  	 	21	  
	 Section 6.08.
	 	 Disqualification; Conflicting Interests
	  	 	21	  
	 Section 6.09.
	 	 Corporate Trustee Required; Eligibility
	  	 	21	  
	 Section 6.10.
	 	 Resignation and Removal; Appointment of Successor
	  	 	22	  
	 Section 6.11.
	 	 Acceptance of Appointment by Successor
	  	 	23	  
	 Section 6.12.
	 	 Merger, Conversion, Consolidation or Succession to Business
	  	 	23	  
	 Section 6.13.
	 	 Preferential Collection of Claims Against Company
	  	 	23	  
		
	 ARTICLE SEVEN HOLDERS’ LIST AND REPORTS BY TRUSTEE AND COMPANY
	  	 	26	  
	 Section 7.01.
	 	 Company to Furnish Trustee Names and Addresses of Holders
	  	 	26	  
	 Section 7.02.
	 	 Preservation of Information; Communication to Holders
	  	 	27	  
	 Section 7.03.
	 	 Reports by Trustee
	  	 	27	  
	 Section 7.04.
	 	 Reports by Company
	  	 	28	  
		
	 ARTICLE EIGHT CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	  	 	29	  
	 Section 8.01.
	 	 Company May Consolidate, Etc., on Certain Terms
	  	 	29	  
	 Section 8.02.
	 	 Successor Substituted
	  	 	29	  
		
	 ARTICLE NINE SUPPLEMENTAL INDENTURES
	  	 	30	  
	 Section 9.01.
	 	 Supplemental Indentures Without Consent of Holders
	  	 	30	  
	 Section 9.02.
	 	 Supplemental Indentures With Consent of Holders
	  	 	31	  
	 Section 9.03.
	 	 Execution of Supplemental Indentures
	  	 	32	  
	 Section 9.04.
	 	 Effect of Supplemental Indentures
	  	 	32	  
	 Section 9.05.
	 	 Conformity with Trust Indenture Act
	  	 	32	  
		
	 ARTICLE TEN COVENANTS
	  	 	32	  
	 Section 10.01.
	 	 Administration of Plan; Payment of Principal and Interest
	  	 	32	  
	 Section 10.02.
	 	 Maintenance of Security Register; Maintenance of Office or Agency
	  	 	33	  
	 Section 10.03.
	 	 Money for Securities Payments to be Held in Trust
	  	 	33	  
	 Section 10.04.
	 	 Certificate of Officers of the Company
	  	 	34	  

  
 -ii- 

 INDENTURE dated as of March 31, 2016, between GENERAL MOTORS FINANCIAL COMPANY,
INC., a Texas corporation (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Trustee (herein called the “Trustee”). 

RECITALS OF THE COMPANY 

The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its unsecured
variable denomination floating rate demand notes (herein called the “Securities”) pursuant to the Plan (as defined below). 
 All
things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 
 NOW,
THEREFORE: 
 For and in consideration of the premises and the purchase of the Securities by the Holders (as defined below) thereof, it
is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities, as follows: 
 ARTICLE ONE

 DEFINITIONS AND OTHER PROVISIONS 

OF GENERAL APPLICATION 
  

	 	Section 1.01.	Definitions. 

 For all purposes of this Indenture, except as otherwise expressly provided
or unless the context otherwise requires: 
 (1) the terms defined in this Article have the meanings assigned to them in this Article and
include the plural as well as the singular; 
 (2) all other terms used herein which are defined in the Trust Indenture Act or by Commission
rule under the Trust Indenture Act, either directly or by reference therein, have the meanings assigned to them therein; 
 (3) all
accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles, and, except as otherwise herein expressly provided, the term “generally accepted accounting
principles” with respect to any computation required or permitted hereunder shall mean generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession at the date of
such computation; and 
 (4) the words “herein”, “hereof” and “hereunder” and other words of similar import
refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 
 “Act”, when used with
respect to any Holder, has the meaning specified in Section 1.04. 

 “Affiliate” of any specified Person means any other Person directly or indirectly
controlling or controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the power
to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled
by” and “under common control with” have correlative meanings. 
 “Agent Bank” means a bank, corporation or other
legal entity, and its successors and assigns, appointed by the Company to act as agent under the Plan and to perform all functions required of such agent pursuant to the provisions of the Plan, and which may serve as Paying Agent pursuant to the
provisions of this Indenture. The initial Agent Bank shall be The Bank of New York Mellon. 
 “Board of Directors” means either
the board of directors of the Company or any duly authorized committee of that board. 
 “Board Resolution” means a copy of a
resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day” means any day other than a Saturday, a Sunday or a day on which banking institutions in the City of New York are
authorized or obligated by law, regulation or executive order to remain closed. 
 “Capital Stock” means (i) in the case of a
corporation, corporate stock, (ii) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock, (iii) in the case of a partnership or
limited liability company, partnership or membership interests (whether general or limited) and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of
assets of, the issuing Person. 
 “Commission” means the United States Securities and Exchange Commission, as from time to time
constituted, created under the Securities Exchange Act of 1934, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body
performing such duties at such time. 
 “Committee” means the GM Financial Right Notes Committee established pursuant to the Plan
to supervise the administration of the Plan. 
 “Company” means General Motors Financial Company, Inc., a Texas corporation, and
any and all successors thereto. 
 “Company Request” or “Company Order” means a written request or order signed in the
name of the Company by an Officer thereof and delivered to the Trustee. 
 “Corporate Trust Office” means the designated office of
the Trustee at which the corporate trust business of the Trustee shall at any particular time be administered, which office at the date of original execution of this Indenture is located at 535 Griswold Street, Suite 550, Detroit, Michigan 48226.

 “corporation” includes corporations, associations, companies and business trusts. 

“Event of Default” has the meaning specified in Section 5.01. 

  
 -2- 

 “Holder” means, with respect to a Security, a Person in whose name at the time a
particular Security is registered in the Security Register. 
 “Indenture” means this instrument as originally executed or as it
may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof. 

“Maximum Account Balance” means, at any time, the amount specified by the Committee at such time as the maximum principal amount of
a Security. 
 “Minimum Account Balance” means, at any time, the amount specified by the Committee at such time as the minimum
principal amount of a Security. 
 “Officer” means, with respect to any Person, the Chairman of the Board, the Chief Executive
Officer, the President, the Chief Operating Officer, Chief Financial Officer, the Chief Accounting Officer, any Executive Vice President, Senior Vice President or Vice President, the Treasurer, any Assistant Treasurer, the Controller, any Assistant
Controller and the Secretary or any Assistant Secretary of such Person. 
 “Officer’s Certificate” means a certificate signed
by an Officer of the Company and delivered to the Trustee. 
 “Opinion of Counsel” means a written opinion of counsel, who may be
counsel for or an employee of the Company or other counsel satisfactory to the Trustee, which is delivered to the Trustee. 

“Outstanding”, when used with respect to Securities, means, as of the date of determination, all Securities in which Holders have
made investments as shown on the Security Register, except: 
 (i) Securities or portions thereof theretofore redeemed
by the Holders pursuant to the provisions of the Plan and this Indenture; 
 (ii) Securities or portions thereof theretofore
redeemed by the Company pursuant to the provisions of the Plan and this Indenture; and 
 (iii) Securities or portions
thereof for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act
as its own Paying Agent), for the Holders of such Securities; provided that, if such Securities are to be redeemed at the option of the Company, notice of such redemption has been duly given pursuant to this Indenture or provision therefor
satisfactory to the Trustee has been made; 
 provided, however, that in determining whether the Holders of the requisite principal amount of the
Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor
shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which the
Trustee knows to be so owned shall be so disregarded. 

  
 -3- 

 “Paying Agent” means any Person authorized by the Company to pay the principal of or
interest on any Securities on behalf of the Company. The initial Paying Agent shall be The Bank of New York Mellon. 
 “Person”
means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, limited liability company, government, governmental agency or political subdivision thereof or any other entity.

 “Plan” means the General Motors Financial Company, Inc. Right Notes Plan established by the Company and in effect on the
date hereof, as the same may be amended or supplemented from time to time. 
 “principal amount”, when used with reference to a
Security, means, as of a particular time, the sum of the funds invested in a Security, plus the sum of interest accrued, paid and reinvested in a Security, less the sum of redemptions from time to time. 

“Redemption Date”, when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to
this Indenture. 
 “Responsible Officer”, when used with respect to the Trustee, means any officer within the corporate trust
department of the Trustee having direct responsibility for the administration of this Indenture, or any other officer to whom any corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular
subject. 
 “Security” or “Securities” means any Variable Denomination Floating Rate Demand Note or Notes, as the case
may be, issued pursuant to the Plan and under this Indenture, which are evidenced by an individual record or entries in the name of the particular Holder established on the Security Register. 

“Security Register” has the meaning specified in Section 10.02. 

“Security Registrar” means the agent of the Company maintaining the Security Register pursuant to Section 10.02. 

“Subsidiary” means, with respect to any Person, (i) any corporation, association or other business entity of which more than
50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by
such Person or one or more of the other Subsidiaries of that Person (or a combination thereof), (ii) any business trust in respect to which such Person or one or more of the other Subsidiaries of that Person (or a combination hereof) is the
beneficial owner of the residual interest, and (iii) any partnership (a) the sole general partner or the managing general partner of which is such Person or a Subsidiary of such Person or (b) the only general partners of which are
such Person or of one or more Subsidiaries of such Person (or any combination thereof). 
 “Trustee” means the Person named as the
“Trustee” in the first paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include its successors as
Trustee hereunder. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this
instrument was executed, except as provided in Section 9.05. 

  
 -4- 

 “United States” means the United States of America (including the States and the
District of Columbia), its territories, its possessions and other areas subject to its jurisdiction. 
  

	 	Section 1.02.	Compliance Certificates and Opinions. 

 Upon any application or request by the Company to
the Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed
action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the
furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 

Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than annual
certificates provided pursuant to Section 10.04) shall include: 
 (1) a statement that the Person signing such
certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (2) a brief
statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(3) a statement that, in the opinion of each such Person, he or she has made such examination or investigation as is necessary
to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(4) a statement as to whether, in the opinion of each such Person, such condition or covenant has been complied with. 

 

	 	Section 1.03.	Form of Documents Delivered to Trustee. 

 In any case where several matters are required
to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but
one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 

Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion
of, or representations by, counsel, unless such officer knows that the certificate or opinion or representations with respect to the matters upon which his or her certificate or opinion is based are erroneous. Any such certificate or Opinion of
Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of
the Company, unless such counsel knows that the certificate or opinion or representations with respect to such matters are erroneous. 

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or
other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

  
 -5- 

	 	Section 1.04.	Acts of Holders. 

 (a) Any request, demand, authorization, direction, notice, consent,
waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and,
except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the
action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall
be sufficient for any purpose of this Indenture and (subject to Section 6.01) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. 

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such
execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution
is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of
the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 
 (c) The ownership of Securities
shall be as proved by the Security Register. 
 (d) Any request, demand, authorization, direction, notice, consent, waiver or other Act of
the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or
suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 

(e) The Company may set a record date for purposes of determining the identity of Holders entitled to give any request, demand, authorization,
direction, notice, consent, waiver or other Act which record date shall be the later of ten days prior to the first solicitation of such action or the date of the most recent list of Holders furnished to the Trustee pursuant to Section 7.01 of
this Indenture prior to such solicitation. If a record date is fixed, those Persons who were Holders of Securities at such record date (or their duly designated proxies), and only those Persons shall be entitled to take such action or to revoke any
such previous action, whether or not such Persons continue to be Holders after such record date. No such request, demand, authorization, direction, notice, consent, waiver or other Act shall be valid or effective for more than 120 days after such
record date. 
  

	 	Section 1.05.	Notices, Etc., to Trustee, Company and Agent Bank. 

 Any request, demand authorization,
direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, 

(1) the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or
filed in writing to or with the Trustee at U.S. Bank National Association, Global Corporate Trust Services, 535 Griswold Street, Suite 550, Detroit, Michigan 48226, Attention: James Kowalski; or 

  
 -6- 

 (2) the Company by the Trustee or by any Holder shall be sufficient for every
purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company at General Motors Financial Company, Inc., 801 Cherry Street, Suite 3500, Fort Worth, Texas 76102, Attention: Chief
Financial Officer, or at any other address previously furnished in writing to the Trustee by the Company; or 
 (3) the Agent
Bank by the Company or the Trustee shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Agent Bank at 500 Ross St., AIM 154-1380, Pittsburgh, PA
15262-0001, Attention: Contract Fulfillment Group Manager, or at any address previously furnished in writing to the Company and the Trustee by the Agent Bank; or 

(4) the Agent Bank by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided)
if given in such manner, including notification address, as may from time to time be determined by the Committee, following consultation with the Agent Bank, as most recently provided in writing to the Holders or publicly announced or published by
the Company in any appropriate format or manner, including posting on any Company-sponsored Internet Web site relating to investment in or redemption of the Securities. 

The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, facsimile
transmission or other similar unsecured electronic methods; provided, however, that (a) the party providing such electronic instructions or directions, subsequent to the transmission thereof, shall provide the originally executed instructions
or directions to the Trustee in a timely manner and (b) such originally executed instructions or directions shall be signed by an authorized representative of the party providing such instructions or directions. The Trustee shall not be liable
for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such electronic instructions or directions notwithstanding if such instructions or directions conflict or are inconsistent
with a subsequent written instruction or direction or if the subsequent written instruction or direction is never received. The party providing instructions or directions by unsecured e-mail, facsimile transmission or other similar unsecured
electronic methods, as aforesaid, agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including, without limitation, the risk of the Trustee acting on unauthorized
instructions, and the risk of interception and misuse by third parties. 
  

	 	Section 1.06.	Notice to Holders; Waiver. 

 Where this Indenture provides for notice to Holders of any
event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at such Holder’s address as it appears in the Security
Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice
so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such
notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver. 
 In case by reason of the suspension of regular mail service or by reason of any other cause it shall be
impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

  
 -7- 

	 	Section 1.07.	Conflict with Trust Indenture Act. 

 If any provision hereof limits, qualifies or
conflicts with the duties imposed by any of Sections 310 to 317, inclusive, of the Trust Indenture Act through operation of Section 318(c) thereof, such imposed duties shall control. 

 

	 	Section 1.08.	Effect of Headings and Table of Contents. 

 The Article and Section headings herein and
the Table of Contents are for convenience only and shall not affect the construction hereof. 
  

	 	Section 1.09.	Successors and Assigns. 

 All covenants and agreements in this Indenture by the Company
shall bind its successors and assigns, whether so expressed or not. 
  

	 	Section 1.10.	Separability Clause. 

 In case any provision in this Indenture or in the Securities shall
be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
  

	 	Section 1.11.	Benefits of Indenture. 

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

 

	 	Section 1.12.	Governing Law; Waiver of Jury Trial. 

 This Indenture and the Securities shall be
governed by and construed in accordance with the laws of the State of New York without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby. Each
of the Company, the Trustee and the Holders hereby irrevocably waive, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Indenture or the Securities. 

 

	 	Section 1.13.	Legal Holidays. 

 In any case where any Redemption Date shall not be a Business Day, then
(notwithstanding any other provision of this Indenture or of the Securities) payment of the redemption price need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the
Redemption Date, provided that no interest shall accrue on the payment so deferred for the period from and after such Redemption Date. 
  

	 	Section 1.14.	Persons Deemed Owners. 

 The Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name a Security is registered as the owner of such Security for the purpose of receiving payment of principal of and interest on such Security and for all other purposes whatsoever, whether or not such Security
be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

  
 -8- 

 ARTICLE TWO 

AMOUNT, FORM, PRIORITY, PAYMENT, INTEREST AND 

RESTRICTION ON TRANSFER OF SECURITIES 
  

	 	Section 2.01.	Amount Unlimited. 

 The Securities shall be issued pursuant to the Plan and under this
Indenture in an unlimited aggregate principal amount. The Securities shall not be required to be in any particular denomination, whether minimum or otherwise. 
  

	 	Section 2.02.	Form. 

 The Securities shall be issued in uncertificated form and no certificate or other
instrument evidencing the Securities will be issued. The Securities shall have no stated maturity and shall be redeemable at the option of the Company or the Holders thereof in accordance with the provisions contained in Article Three. 

 

	 	Section 2.03.	Priority. 

 The Securities shall be unsecured and shall rank pari passu with all
other unsecured and unsubordinated indebtedness of the Company. 
  

	 	Section 2.04.	Payment. 

 The Securities shall be payable at the office or agency of the Company
maintained for such purpose as may from time to time be designated in writing to the Trustee in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts. The initial
such agency of the Company shall be The Bank of New York Mellon. 
  

	 	Section 2.05.	Restriction on Transfer of Securities. 

 The Securities may not be transferred, in whole
or in part, either directly or by operation of law or otherwise, except if and to the extent provided in the Plan. 
 ARTICLE THREE

 REDEMPTION OF SECURITIES 
  

	 	Section 3.01.	Redemption of All or Part of the Securities. 

 The Company may redeem, at any time in its
discretion, all or any portion of any of the Securities issued pursuant to the Plan and under this Indenture. In case the Company shall desire to exercise any right to redeem all, or, as the case may be, any part of the Securities, it shall fix a
date for redemption and shall mail or cause to be mailed a notice of such redemption at least thirty (30) and not more than sixty (60) days (except as otherwise provided in the Plan) prior to the date fixed for redemption to the Holders of
Securities so to be redeemed at their last addresses as the same appear on the Security Register and to the Trustee. Such mailing shall be by first class mail or by such other method as shall be provided

  
 -9- 

 
for in the Plan. The notice, if mailed or otherwise given in accordance with the method provided for in the Plan, shall be conclusively presumed to have been duly given, whether or not the Holder
receives such notice. In any case, failure to give such notice by mail or such other method or any defect in the notice to the Holder of any Security designated for redemption as a whole or in part shall not affect the validity of the proceedings
for the redemption of any other Security. 
 Each such notice of redemption pursuant to this Section 3.01 shall specify the Redemption
Date, the principal amount of the Security being redeemed, the manner in which the redemption price for the Security being redeemed shall be paid (which shall be by check mailed to the Holder unless otherwise specified in such notice) and that on
and after the Redemption Date any interest on the Security, or on the portions thereof, being redeemed will cease to accrue. 
  

	 	Section 3.02.	Redemption of a Specified Holder’s Securities. 

 (a) In addition to its right
to redeem all or any part of the Securities under Section 3.01, the Company may redeem the Securities of specified Holders as set forth in this Section 3.02. 

(b) The Company may redeem, at any time, in its discretion, all of the Securities of a Holder if the aggregate principal amount of the
Securities held by such Holder is below the Minimum Account Balance for a period of three calendar months immediately preceding the determination of such deficiency (or such other period as the Committee from time to time may determine). The Company
will notify a Holder of its intention to redeem such Holder’s Securities under this Section 3.02(b). On and after the Redemption Date any interest on the Securities being redeemed will cease to accrue. 

(c) The Company may redeem, at any time, in its discretion, all or any portion of the Securities of a Holder if the aggregate principal amount
of the Securities held by such Holder exceeds the Maximum Account Balance. The Company will notify a Holder of its intention to redeem such Holder’s Securities under this Section 3.02(c) to the extent the aggregate principal amount thereof
exceeds the Maximum Account Balance (or such greater amount as the Company may specify in such notice). On and after the Redemption Date any interest on the Securities being redeemed will cease to accrue. 

(d) The Company shall have the right to redeem any Securities of any Holder who is not or is no longer eligible to invest in the Securities in
accordance with the Plan, or who has abused or misused the investment or redemption provisions applicable to the Securities or whose investments are otherwise inconsistent with the objectives of the Plan, in each case as the Company determines in
its sole judgment and discretion. In the event of such a redemption, the Company shall notify the Holder of its intention to redeem, pursuant to this Section 3.02(d), in full such Holder’s Securities on the third Business Day following the
date of the Company’s notice, which date shall be the Redemption Date for the redemption of such Securities. On and after the Redemption Date any interest on the Securities being redeemed will cease to accrue. 

 

	 	Section 3.03.	Payment of Redemption Price for Company Redemptions; Selection of Securities for Redemption. 

If notice of redemption has been given as provided in Section 3.01 or Section 3.02, the Securities, or portions thereof, with respect
to which such notice has been given shall become due and payable on the Redemption Date at a redemption price equal to 100% of the principal amount thereof being redeemed plus accrued and unpaid interest thereon to, but not including, the Redemption
Date less any applicable fees established under the Plan, and on and after the Redemption Date (unless the Company shall default in the payment of such Securities, together with any interest accrued and unpaid to the Redemption Date and less any
applicable fees) any interest on the Securities, or on the portions thereof, so called for redemption shall cease to accrue. 

  
 -10- 

 On or prior to the Redemption Date specified in the notice of redemption given as provided in
Section 3.01 or Section 3.02, the Company will deposit with the Trustee, the Agent Bank or with one or more Paying Agents an amount of money sufficient to redeem on the Redemption Date all the Securities, or portions thereof, so called for
redemption, together with accrued and unpaid interest to the date fixed for redemption less any applicable fees established under the Plan. If less than all the Securities are to be redeemed by the Company pursuant to Section 3.01, the Company
will give the Agent Bank notice not less than sixty (60) days (or such shorter period as shall be acceptable to the Agent Bank) prior to the Redemption Date as to the aggregate principal amount of Securities to be redeemed, and the Agent Bank
shall select or cause to be selected, in such manner as in its sole discretion it shall deem appropriate and fair, the Securities or portions thereof to be redeemed. 
  

	 	Section 3.04.	Redemption at the Option of the Holder. 

 (a) Subject to the right of the Company
to establish from time to time a minimum amount for any redemption in part, a Security may be redeemed in whole or in part at any time at the option of, and upon the demand by, the Holder by delivering to the Agent Bank in writing a notice to such
effect, including by bank check drawn on the Agent Bank, or by following such other procedures as shall be established under the Plan. Such notice shall contain the information specified by the Company from time to time as the information which is
required by the Company in order to properly process the redemption request. The Company may establish from time to time additional methods of redemption that may be elected by the Holder. 

(b) Upon receipt by the Agent Bank of an appropriate redemption notice as provided for in clause (a) of this Section 3.04, the
Securities, or portions thereof, with respect to which such notice has been given shall become due and payable on the Redemption Date (which date shall be no later than the next Business Day following receipt of such notice if such notice is
received by the applicable time or times established by the Agent Bank and, if not so received, shall be the next succeeding Business Day after that) at a redemption price equal to 100% of the principal amount thereof plus, and in the case of a
redemption of all Securities held by such Holder, accrued and unpaid interest thereon to, but not including, the Redemption Date less applicable fees established under the Plan. In the case of any redemption, whether in whole or in part, on and
after the Redemption Date (unless the Company shall default in the payment of the Securities, together with any interest accrued to the Redemption Date) any interest on the Securities (or portions thereof) so called for redemption shall cease to
accrue. 
 (c) On or prior to the Redemption Date specified in the notice of redemption given as provided in this Section 3.04, the
Company will deposit with the Trustee, the Agent Bank or with one or more Paying Agents an amount of money sufficient to redeem on the Redemption Date all the Securities, or portions thereof, with respect to which the notice of redemption has been
given, together with accrued and unpaid interest to the date fixed for redemption. The amount of any redemption at the option of the Holder under this Section 3.04 shall be paid by check sent to the Holder at such Holder’s registered
address, provided that the Company may establish from time to time additional methods that may be elected by the Holder for this payment of such redemption amount. 
  

	 	Section 3.05.	Redemption by Offsetting Application of Fees. 

 The Company may from time to time redeem,
without prior notice to any Holder, all or a portion of the Securities of a Holder in an amount equal to any applicable fees established under the Plan that are then owed by such Holder. In such instance, the redemption proceeds shall be deemed paid
by reducing 

  
 -11- 

 
the principal amount of such Holder’s Securities by the amount of such unpaid fees, which reduction shall be applied to the payment of such fees. Such redemption shall be effective upon
notice from the Company to the Agent Bank, and the date of such notice shall be the Redemption Date for the redemption of such amount of the Securities. On the Redemption Date any interest on the portion of the Securities so called for redemption
shall cease to accrue. Notice of such redemptions shall be provided to any such Holder in the manner and at the times as determined from time to time by the Committee. 

ARTICLE FOUR 

SATISFACTION AND DISCHARGE OF INDENTURE 
  

	 	Section 4.01.	Satisfaction and Discharge of Indenture. 

 If at any time (a) the Company shall have
terminated the Plan pursuant to its provisions, (b) all the Securities shall have become due and payable, (c) the Company shall have deposited or caused to be deposited with the Trustee as trust funds the entire amount sufficient to pay
all the Securities (other than Securities for whose payment money has theretofore been deposited in trust and thereafter repaid to the Company as provided in Section 10.03), including principal and interest due or to become due to such date of
maturity or, if the Company shall have given notice for the full redemption of all outstanding Securities, the date of redemption, and (d) the Company shall have paid or caused to be paid all other sums payable hereunder by the Company, then
this Indenture shall cease to be of further effect, and the Trustee, on demand of and at the cost and expense of the Company shall execute proper instruments acknowledging satisfaction of and discharging this Indenture. The Company agrees to
reimburse the Trustee for any costs or expenses thereafter reasonably and properly incurred by the Trustee in connection with this Indenture, the Plan or the Securities. 
  

	 	Section 4.02.	Application of Trust Money. 

 All moneys deposited with the Trustee pursuant to
Section 4.01 shall be held in trust and applied by it to the payment, either directly or through any Paying Agent, to the Holders of the Securities for the payment of which such moneys have been deposited with the Trustee. The Trustee shall be
under no obligation to invest or pay interest on any moneys so held in trust. 
 ARTICLE FIVE 

REMEDIES 
  

	 	Section 5.01.	Events of Default. 

 “Events of Default” means any one of the following events
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body): 
 (1) default in the payment of any part of or all the principal of or interest on any Security as and
when the same shall be due and payable, in accordance with the then current provisions and rules and regulations of the Plan and this Indenture; provided, however, that (a) the failure of the Company to make any payment of the principal
of or interest on any Security, or any delay in making such payment shall not be considered in determining whether an “Event of Default” shall have occurred if (i) the Agent Bank in good faith believes that the Security is subject to
a conflicting claim, attachment, lien or proceeding, or any Person demanding such 

  
 -12- 

 
payment is not, or may not be, legally entitled thereto, or the amount of the payment demanded exceeds the principal amount of the Security according to the Security Register, or the demand for
payment has not been made in accordance with the then current provisions and rules and regulations of the Plan, or the payment cannot be made in accordance with the then current provisions and rules and regulations of the Plan and (ii) the
Company shall have paid over to the Trustee for deposit to an account not subject to offset, charge or encumbrance by the Trustee the amount of the principal of or interest on any Security which has become due and payable, and if requested by the
Trustee the Company shall have furnished the Trustee with an Officer’s Certificate as to the matters described in the foregoing clauses (i) and (ii); and (b) an administrative error relating to a Security or improperly identifying the
Security of a Holder shall not be considered in determining whether an “Event of Default” shall have occurred unless such error shall have continued uncorrected for a period of sixty (60) days after written notification thereof to the
Agent Bank and the Trustee by the related Holder; or 
 (2) default in the performance, or breach, of any covenant of the
Company in this Indenture (other than a default referred to in clause (1) above), and continuance of such default or breach for a period of ninety (90) days after there has been given, by registered or certified mail, to the Company by the
Trustee or to the Company and the Trustee by the Holders of at least a majority in principal amount of the Outstanding Securities a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a
“Notice of Default” hereunder. 
  

	 	Section 5.02.	Acceleration of Maturity; Rescission and Annulment. 

 If an Event of Default occurs and
is continuing, then in every such case the Holders of not less than a majority in the principal amount of the Outstanding Securities may declare all of the Securities to be due and payable immediately, by a notice in writing to the Company (and to
the Trustee if given by Holders), and upon any such declaration such principal amount shall become immediately due and payable. 
 At any
time after such a declaration of acceleration with respect to the Securities has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a
majority in principal amount of the Outstanding Securities, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if, 

(1) the Company has paid or deposited with the Trustee a sum sufficient to pay 

(A) the principal of any Securities which have become due otherwise than by such declaration of acceleration and interest
thereon at the rate or rates prescribed therefor in such Securities; 
 (B) to the extent that payment of such interest is
lawful, interest upon overdue interest at the rate or rates prescribed therefor in such Securities; and 
 (C) all sums paid
or advanced by the Trustee hereunder and all expenses, disbursements and advances of the Trustee, its agents and counsel; 

and 

  
 -13- 

 (2) all Events of Default with respect to the Securities, other than the
non-payment of the principal of Securities which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 5.13. 

No such rescission shall affect any subsequent default or impair any right consequent thereon. 

 

	 	Section 5.03.	Collection of Indebtedness and Suits for Enforcement by Trustee. 

 The Company covenants
that if default is made in the payment of the principal of or interest on any Security when the same shall have become due and payable the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the
whole amount then due and payable on such Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and on any overdue interest, at the rate or rates
prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including all compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel. 
 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an
express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon such Securities and
collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

If an Event of Default occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of
the Holders of the Securities by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of
the exercise of any power granted herein, or to enforce any other proper remedy. 
  

	 	Section 5.04.	Trustee May File Proofs of Claim. 

 In case of the pendency of any receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their
creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for
the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, 

(i) to file and prove a claim for the whole amount of principal and interest owing and unpaid in respect of the Securities and
to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for all compensation, expenses, disbursements and advances of the Trustee and any predecessor Trustee, their
agents and counsel) and of the Holders allowed in such judicial proceeding, and 
 (ii) to collect and receive any moneys 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 Holder to make such payments to the Trustee and, in the 

  
 -14- 

 
event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the compensation, expenses, disbursements and advances of
the Trustee and any predecessor Trustee, their agents and counsel, and any other amounts due the Trustee and any predecessor Trustee under Section 6.07. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any
plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

 

	 	Section 5.05.	Trustee May Enforce Claims Without Possession of Securities. 

 All rights of action and
claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the
Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the
ratable benefit of the Holders of the Securities. 
  

	 	Section 5.06.	Application of Money Collected. 

 Any money collected by the Trustee pursuant to this
Article shall be applied in the following order, at the date or dates fixed by the Trustee: 
 FIRST: To the payment of all amounts due the
Trustee and any predecessor Trustee; 
 SECOND: To the payment of the amounts then due and unpaid for principal of and interest on the
Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and interest, respectively; and

 THIRD: To the Company. 
  

	 	Section 5.07.	Limitation on Suits. 

 No Holder of any Security shall have any right to institute any
proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

(1) such Holder has previously given written notice to the Trustee of a continuing Event of Default; 

(2) the Holders of not less than a majority in principal amount of the Outstanding Securities shall have made written request
to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
 (3) such
Holder or Holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request; 

(4) the Trustee for sixty (60) days after its receipt of such notice, request and offer of indemnity has failed to
institute any such proceeding; and 

  
 -15- 

 (5) no direction inconsistent with such written request has been given to the
Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities; 
 it being understood and intended that
no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain
priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders. 

 

	 	Section 5.08.	Unconditional Right of Holders to Receive Principal, Premium and Interest. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to
receive payment pursuant to the Plan of the principal of and interest on such Security on the applicable due date provided therefor (or, in the case of redemption, on the Redemption Date), less applicable fees established under the Plan to which the
Holders shall be deemed to consent, and to institute suit for the enforcement of any such payment, and such rights shall not be impaired or affected without the consent of such Holder. 

 

	 	Section 5.09.	Restoration of Rights and Remedies. 

 If the Trustee or any Holder has instituted any
proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any
determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as
though no such proceeding had been instituted. 
  

	 	Section 5.10.	Rights and Remedies Cumulative. 

 No right or remedy herein conferred upon or reserved to
the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

 

	 	Section 5.11.	Delay or Omission Not Waiver. 

 No delay or omission of the Trustee or of any Holder of
any Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or
by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
  

	 	Section 5.12.	Control by Holders. 

 The Holders of a majority in principal amount of the Outstanding
Securities shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities, provided
that 

  
 -16- 

 (1) such direction shall not be in conflict with any rule of law or with this
Indenture, 
 (2) subject to Section 6.01, the Trustee shall have the right to decline to follow any such direction if
the Trustee shall reasonably determine, in good faith, that the action or proceeding so directed would be unjustly prejudicial to any Holders not joining in such direction or would involve the Trustee in any personal liability unless indemnified to
its reasonable satisfaction, and 
 (3) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction. 
  

	 	Section 5.13.	Waiver of Past Defaults. 

 The Holders of not less than a majority in principal amount of
the Outstanding Securities may on behalf of the Holders of all the Securities waive any past default hereunder and its consequences, except a default 

(1) in the payment of the principal of or interest on any Security, or 

(2) in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of
the Holder of each Outstanding Security affected. 
 Upon any such waiver, such default shall cease to exist, and any Event of Default
arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

 

	 	Section 5.14.	Undertaking for Costs. 

 All parties to this Indenture agree, and each Holder of any
Security by its acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken,
suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess costs, including attorneys’ fees, against any party litigant
in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to
any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or
interest on the Security on or after the applicable due date therefor provided pursuant to the Plan (or, in the case of redemption, on or after the Redemption Date). 

ARTICLE SIX 
 THE
TRUSTEE 
  

	 	Section 6.01.	Certain Duties and Responsibilities. 

 (a) Except during the continuance of an Event of
Default, 

  
 -17- 

 (1) the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of the Indenture; but in the case of any such certificates or opinions which by any provision hereof are
specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of any
mathematical calculations or other facts, statements, opinions or conclusions stated therein). 
 (b) In case an Event of Default has
occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the
conduct of his own affairs. 
 (c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own
grossly negligent action, its own grossly negligent failure to act, or its own willful misconduct, except that 
 (1)
this Subsection shall not be construed to limit the effect of Subsection (a) of this Section; 
 (2) the Trustee shall
not be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was grossly negligent in ascertaining the pertinent facts; 

(3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders of a majority in principal amount of the Outstanding Securities, determined as provided in Section 5.12, relating to the time, method and place of conducting any proceeding for any remedy available to the
Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities; and 

(4) no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is
not reasonably assured to it. 
 (d) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct
or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 
  

	 	Section 6.02.	Notice of Defaults. 

 Within ninety (90) days after the Trustee becomes aware of any
default hereunder with respect to the Securities, the Trustee shall transmit by mail to all Holders of Securities, as their names and addresses appear in the Security Register, notice of such default hereunder known to the Trustee, unless such
default 

  
 -18- 

 
shall have been cured or waived: provided, however, that, except in the case of a default in the payment of the principal of or interest on any Security, the Trustee shall be protected in
withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interest of the
Holders of Securities; and provided, further, that in the case of any default of the character specified in Section 5.01(2) with respect to the Securities, no such notice to Holders shall be given until at least 30 days after the
occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of Default. 

 

	 	Section 6.03.	Certain Rights of Trustee. 

 Subject to the provisions of Section 6.01: 

(a) the Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by the Trustee to be genuine and to have been signed or presented by the proper party
or parties; 
 (b) any request, direction or order of the Company mentioned herein shall be sufficiently evidenced by a Company Request or
Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
 (c) whenever in the
administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in
the absence of bad faith on its part, rely upon an Officer’s Certificate; 
 (d) the Trustee may consult with counsel and the written
advice, or oral advice subsequently confirmed in writing, of such counsel or any Opinion of 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
reliance thereon; 
 (e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at
the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance
with such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further
inquiry or investigation into such facts or matters as it may see fit; 
 (g) the Trustee may execute any of the trusts or powers hereunder
or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

(h) the Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or
within the discretion or rights or powers conferred upon it by the Indenture; 

  
 -19- 

 (i) the Trustee may request that the Company deliver an Officer’s Certificate setting forth
the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person authorized to sign an Officer’s Certificate, including
any person specified as so authorized in any such certificate previously delivered and not superseded; 
 (j) in no event shall the Trustee
be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and
regardless of the form of action; 
 (k) the Trustee shall not be charged with knowledge of any default hereunder or any Event of Default
unless either (i) a Responsible Officer of the Trustee shall have actual knowledge of such default or Event of Default or (ii) written notice of such default or Event of Default shall have been given to the Trustee by the Company or by any
Holder of the Securities in accordance with this Indenture and such notice references the Indenture and the Securities; 
 (l) in no event
shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work
stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it
being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances; 

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

(n) in no event shall the Trustee be liable for the misconduct or negligence or for any acts or omissions of the Agent Bank. 

 

	 	Section 6.04.	Not Responsible for Recitals or Issuance of Securities. 

 The recitals contained herein
shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities. The Trustee shall not be
accountable for the use or application by the Company of Securities or the proceeds thereof. 
  

	 	Section 6.05.	May Hold Securities. 

 Subject to the provisions of the Plan with respect to Persons who
may hold Securities, the Trustee, the Agent Bank, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any other capacity, may become the owner of Securities and, subject to Section 6.08 and the
provisions of the Trust Indenture Act, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Agent Bank, Paying Agent, Security Registrar or such other agent. 

 

	 	Section 6.06.	Money Held in Trust. 

 Money held by the Trustee in trust hereunder need not be
segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by 

  
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it hereunder except as otherwise agreed with the Company. Except as otherwise provided herein, the Trustee shall be under no liability for interest on any monies received by it hereunder except
as may be agreed in writing from time to time by the Company and the Trustee. 
  

	 	Section 6.07.	Compensation and Reimbursement. 

 The Company agrees: 

(1) to pay to the Trustee from time to time such compensation as shall be agreed to in writing between the Company and the
Trustee for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(2) to reimburse the Trustee upon its request for all expenses, disbursements and advances incurred or made by the Trustee in
accordance with any provision of this Indenture (including the compensation and the expenses and disbursements of its counsel), except any such expense, disbursement or advance as may be attributable to its gross negligence or bad faith; and 

(3) to indemnify each of the Trustee and any predecessor Trustee (and any officer, director or employee of the Trustee) for,
and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder or the performance of its
duties hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. 

The Trustee shall have a lien prior to the Securities upon all property and funds held by it hereunder for any amount owing it or any
predecessor Trustee pursuant to this Section 6.07, except with respect to funds held in trust for the benefit of the Holders of particular Securities. 

The provisions of this Section shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee.

  

	 	Section 6.08.	Disqualification; Conflicting Interests. 

 The Trustee shall be subject to the provisions
of Section 310(b) of the Trustee Indenture Act during the period of time provided for therein. Nothing herein shall prevent the Trustee from filing with the Commission the application referred to in the second-to-last paragraph of
Section 310 (b) of the Trust Indenture Act. 
  

	 	Section 6.09.	Corporate Trustee Required; Eligibility. 

 There shall at all times be a Trustee
hereunder which shall be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined
capital and surplus of at least $50,000,000, subject to supervision or examination by Federal or State authority; provided, however, that if Section 310(a) of the Trust Indenture Act or the rules and regulations of the Commission under
the Trust Indenture Act at any time permit a corporation organized and doing business under the laws of any other jurisdiction to serve as trustee of an indenture qualified under the Trust Indenture Act, this Section 6.09 shall be automatically
amended to permit a corporation organized and doing business under the laws of any such other jurisdiction to serve as Trustee hereunder. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of
said supervising or 

  
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examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most
recent report of condition so published. Neither the Company nor any person directly or indirectly controlling, controlled by or under common control with the Company may serve as Trustee. If at any time the Trustee shall cease to be eligible in
accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 
  

	 	Section 6.10.	Resignation and Removal; Appointment of Successor. 

 (a) No resignation or removal of the
Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 6.11. 

(b) The Trustee may resign at any time by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee
required by Section 6.11 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor
Trustee. 
 (c) The Trustee may be removed at any time by Act of the Holders of a majority in principal amount of the Outstanding
Securities, delivered to the Trustee and to the Company. 
 (d) If at any time: 

(1) the Trustee shall fail to comply with Section 6.08 after written request therefor by the Company, unless the
Trustee’s duty to resign has been stayed as provided in Section 310(b) of the Trust Indenture Act, or 
 (2) the
Trustee shall cease to be eligible under Section 6.09 and shall fail to resign after written request therefor by the Company or by any such Holder, or 

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

then, in any case, (i) the Company by a Board Resolution may remove the Trustee, or (ii) subject to Section 5.14, any Holder who has been a
bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause,
the Company, by a Board Resolution, shall promptly appoint a successor Trustee and shall comply with the applicable requirements of Section 6.11. If, within one year after such resignation, removal or incapability, or the occurrence of such
vacancy, a successor Trustee shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its
acceptance of such appointment in accordance with the applicable requirements of Section 6.11, become the successor Trustee and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee shall have been so
appointed by the Company or the Holders and accepted appointment in the manner required by Section 6.11, any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the appointment of a successor Trustee. 

  
 -22- 

 (f) The Company shall give notice of each resignation and each removal of the Trustee and each
appointment of a successor Trustee by mailing written notice of such event by first-class mail, postage prepaid, to all Holders of Securities as their names and addresses appear in the Security Register. Each notice shall include the name of the
successor Trustee and the address of its Corporate Trust Office. 
  

	 	Section 6.11.	Acceptance of Appointment by Successor. 

 (a) In case of the appointment hereunder of a
successor Trustee, every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee
shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee,
such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee hereunder. 
 (b) Upon request of any such successor Trustee, the
Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) of this Section. 

(c) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under this Article. 
  

	 	Section 6.12.	Merger, Conversion, Consolidation or Succession to Business. 

 Any corporation into which
the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all
the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on
the part of any of the parties hereto. 
  

	 	Section 6.13.	Preferential Collection of Claims Against Company. 

 (a) Subject to Subsection
(b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within three months prior to a default, as defined in Subsection (c) of this Section, or subsequent to
such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities,
as defined in Subsection (c) of this Section: 
 (1) an amount equal to any and all reductions in the amount due and
owing upon any claim as such creditor in respect of principal or interest, effected after the beginning of such three months’ period and valid as against the Company and its other creditors, except any such reduction resulting from the receipt
or disposition of any property described in paragraph (2) of this Subsection, or from the exercise of any right of set-off which the Trustee could have exercised if a petition in bankruptcy had been filed by or against the Company upon the date
of such default; and 

  
 -23- 

 (2) all property received by the Trustee in respect of any claims as such
creditor, either as security therefor, or in satisfaction or composition thereof, or otherwise, after the beginning of such three months’ period, or an amount equal to the proceeds of any such property, if disposed of, subject, however,
to the rights, if any, of the Company and its other creditors in such property or such proceeds. 
 Nothing herein contained, however, shall
affect the right of the Trustee: 
 (A) to retain for its own account (i) payments made on account of any such claim by
any Person (other than the Company) who is liable thereon, and (ii) the proceeds of the bona fide sale of any such claim by the Trustee to a third Person, and (iii) distributions made in cash, securities or other property in respect of
claims filed against the Company in bankruptcy or receivership or in proceedings for reorganization pursuant to the Federal Bankruptcy Code or applicable State law; 

(B) to realize, for its own account, upon any property held by it as security for any such claim, if such property was so held
prior to the beginning of such three months’ period; 
 (C) to realize, for its own account, but only to the extent of
the claim hereinafter mentioned, upon any property held by it as security for any such claim, if such claim was created after the beginning of such three months’ period and such property was received as security therefor simultaneously with the
creation thereof, and if the Trustee shall sustain the burden of proving that at the time such property was received the Trustee had no reasonable cause to believe that a default, as defined in Subsection (c) of this Section, would occur within
three months; or 
 (D) to receive payment on any claim referred to in paragraph (B) or (C), against the release of any
property held as security for such claim as provided in paragraph (B) or (C), as the case may be, to the extent of the fair value of such property. 

For the purposes of paragraphs (B), (C) and (D), property substituted after the beginning of such three months’ period for property
held as security at the time of such substitution shall, to the extent of the fair value of the property released, have the same status as the property released, and, to the extent that any claim referred to in any of such paragraphs is created in
renewal of or in substitution for or for the purpose of repaying or refunding any pre-existing claim of the Trustee as such creditor, such claim shall have the same status as such pre-existing claim. 

If the Trustee shall be required to account, the funds and property held in such special account and the proceeds thereof shall be apportioned
among the Trustee, the Holders and the holders of other indenture securities in such manner that the Trustee, the Holders and the holders of other indenture securities realize, as a result of payments from such special account and payments of
dividends on claims filed against the Company in bankruptcy or receivership or in proceedings for reorganization pursuant to the Federal Bankruptcy Code or applicable State law, the same percentage of their respective claims, figured before
crediting to the claim of the Trustee anything on account of the receipt by it from the Company of the funds and property in such special account and before crediting to the respective claims of the Trustee and the Holders and the holders of other
indenture securities dividends on claims filed against the Company in bankruptcy or receivership or in proceedings for reorganization pursuant to the 

  
 -24- 

 
federal Bankruptcy Code or applicable State law, but after crediting thereon receipts on account of the indebtedness represented by their respective claims from all sources other than from such
dividends and from the funds and property so held in such special account. As used in this paragraph, with respect to any claim, the term “dividends” shall include any distribution with respect to such claim, in bankruptcy or receivership
or proceedings for reorganization pursuant to the Federal Bankruptcy Code or applicable State law, whether such distribution is made in cash, securities or other property, but shall not include any such distribution with respect to the secured
portion, if any, of such claim. The court in which such bankruptcy, receivership or proceedings for reorganization is pending shall have jurisdiction (i) to apportion among the Trustee, the Holders and the holders of other indenture securities,
in accordance with the provisions of this paragraph, the funds and property held in such special account and proceeds thereof, or (ii) in lieu of such apportionment, in whole or in part, to give to the provisions of this paragraph due
consideration in determining the fairness of the distributions to be made to the Trustee and the Holders and the holders of other indenture securities with respect to their respective claims, in which event it shall not be necessary to liquidate or
to appraise the value of any securities or other property held in such special account or as security for any such claim, or to make a specific allocation of such distributions as between the secured and unsecured portions of such claims, or
otherwise to apply the provisions of this paragraph as a mathematical formula. 
 Any Trustee which has resigned or been removed after the
beginning of such three months’ period shall be subject to the provisions of this Subsection as though such resignation or removal had not occurred. If any Trustee has resigned or been removed prior to the beginning of such three months’
period, it shall be subject to the provisions of this Subsection if and only if the following conditions exist: 
 (i) the
receipt of property or reduction of claim, which would have given rise to the obligation to account, if such Trustee had continued as Trustee, occurred after the beginning of such three months’ period; and 

(ii) such receipt of property or reduction of claim occurred within three months after such resignation or removal. 

(b) There shall be excluded from the operation of Subsection (a) of this Section a creditor relationship arising from: 

(1) the ownership or acquisition of securities issued under any indenture, or any security or securities having a maturity of
one year or more at the time of acquisition by the Trustee; 
 (2) advances authorized by a receivership or bankruptcy court
of competent jurisdiction or by this Indenture, for the purpose of preserving any property which shall at any time be subject to the lien of this Indenture or of discharging tax liens or other prior liens or encumbrances thereon, if notice of such
advances and of the circumstances surrounding the making thereof is given to the Holders at the time and in the manner provided in this Indenture; 

(3) disbursements made in the ordinary course of business in the capacity of trustee under an indenture, transfer agent,
registrar, custodian, paying agent, fiscal agent or depositary, or other similar capacity; 
 (4) an indebtedness created as
a result of services rendered or premises rented; or an indebtedness created as a result of goods or securities sold in a cash transaction, as defined in Subsection (c) of this Section; 

  
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 (5) the ownership of stock or of other securities of a corporation organized
under the provisions of Section 25(a) of the Federal Reserve Act, as amended, which is directly or indirectly a creditor of the Company; and 

(6) the acquisition, ownership, acceptance or negotiation of any drafts, bills of exchange, acceptances or obligations which
fall within the classification of self-liquidating paper, as defined in Subsection (c) of this Section. 
 (c) For the purposes of this
Section only: 
 (1) the term “default” means any failure to make payment in full of the principal of or interest
on any of the Securities or upon the other indenture securities when and as such principal or interest becomes due and payable; 

(2) the term “other indenture securities” means securities upon which the Company is an obligor outstanding under any
other indenture (i) under which the Trustee is also trustee, (ii) which contains provisions substantially similar to the provisions of this Section, and (iii) under which a default exists at the time of the apportionment of the funds
and property held in such special account; 
 (3) the term “cash transaction” means any transaction in which full
payment for goods or securities sold is made within seven days after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon demand; 

(4) the term “self-liquidating paper” means any draft, bill of exchange, acceptance or obligation which is made,
drawn, negotiated or incurred by the Company for the purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which is secured by documents evidencing title to, possession of, or a
lien upon, the goods, wares or merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided the security is received by the Trustee simultaneously with the
creation of the creditor relationship with the Company arising from the making, drawing, negotiating or incurring of the draft, bill of exchange, acceptance or obligation; 

(5) the term “Company” means any obligor upon the Securities; and 

(6) the term “Federal Bankruptcy Code” means the Bankruptcy Code or Title 11 of the United States Code. 

ARTICLE SEVEN 

HOLDERS’ LIST AND REPORTS BY TRUSTEE AND COMPANY 
  

	 	Section 7.01.	Company to Furnish Trustee Names and Addresses of Holders. 

 The Company will furnish or
cause to be furnished to the Trustee 
 (a) semi-annually, not later than March 1 and September 1 in each year, a list, in such
form as the Trustee may reasonably require, of the names and addresses of the Holders as of the preceding February 15 or August 15, as the case may be, and 

  
 -26- 

 (b) at such other times as the Trustee may request in writing, within thirty (30) days after
the receipt by the Company of any such request, a list of similar form and content as of a date not more than fifteen (15) days prior to the time such list is furnished, 

excluding from any such list names and addresses received by the Trustee in its capacity as Security Registrar, if then so acting. 

 

	 	Section 7.02.	Preservation of Information; Communications to Holders. 

 (a) The Trustee shall preserve,
in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Trustee as provided in Section 7.01 and the names and addresses of Holders received by the Trustee in its
capacity as Security Registrar, if then so acting. The Trustee may destroy any list furnished to it as provided in Section 7.01 upon receipt of a new list so furnished. 

(b) Holders may communicate pursuant to Section 312(b) of the Trust Indenture Act with other Holders with respect to their rights under
this Indenture or the Securities. The Company, the Trustee, the Security Registrar and anyone else shall have the protection of Trust Indenture Act Section 312(c). 
  

	 	Section 7.03.	Reports by Trustee. 

 (a) Within sixty (60) days after May 15 of each year
beginning with the year 2017, the Trustee shall transmit by mail to all Holders, as their names and addresses appear in the Security Register, a brief report dated as of such May 15 with respect to any of the following events which may have
occurred within the previous twelve (12) months (but if no such event has occurred within such period, no report need be transmitted): 

(1) any change to its eligibility under Section 6.09 and its qualifications under Section 6.08; 

(2) the creation of or any material change to a relationship specified in Section 310(b)(1) through
Section 310(b)(10) of the Trust Indenture Act; 
 (3) the character and amount of any advances (and if the Trustee
elects so to state, the circumstances surrounding the making thereof) made by the Trustee (as such) which remain unpaid on the date of such report, and for the reimbursement of which it claims or may claim a lien or charge, prior to that of the
Securities, on any property or funds held or collected by it as Trustee, except that the Trustee shall not be required (but may elect) to report such advances if such advances so remaining unpaid aggregate not more than 1/2 of 1% of the principal amount of the Securities Outstanding on the date of such report; 

(4) the amount, interest rate and maturity date of all other indebtedness owing by the Company (or by any other obligor on the
Securities) to the Trustee in its individual capacity, on the date of such report, with a brief description of any property held as collateral security therefor, except an indebtedness based upon a creditor relationship arising in a manner described
in Section 311(b)(2), (3), (4), or (6) of the Trust Indenture Act; 
 (5) the property and funds, if any,
physically in the possession of the Trustee as such on the date of such report; 

  
 -27- 

 (6) any additional issue of Securities which the Trustee has not previously
reported (for purposes of this report, all Securities issued under the Plan shall be treated as a single issue of Securities); and 

(7) any action taken by the Trustee in the performance of its duties hereunder which it has not previously reported and which
in its opinion materially affects the Securities, except action in respect of a default, notice of which has been or is to be withheld by the Trustee in accordance with Section 6.02. 

(b) The Trustee shall transmit by mail to all Holders, as their names and addresses appear in the Security Register, a brief report with
respect to the character and amount of any advances (and if the Trustee elects so to state, the circumstances surrounding the making thereof) made by the Trustee (as such) since the date of the last report transmitted pursuant to Subsection
(a) of this Section (or if no such report has yet been so transmitted, since the date of execution of this instrument) for the reimbursement of which it claims or may claim a lien or charge, prior to that of the Securities, on property or funds
held or collected by it as Trustee and which it has not previously reported pursuant to this Subsection, except that the Trustee shall not be required (but may elect) to report such advances if such advances remaining unpaid at any time aggregate
10% or less of the principal amount of the Securities Outstanding at such time, such report to be transmitted within ninety (90) days after such time. 

(c) A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which
any Securities are listed, with the Commission and with the Company. The Company will notify the Trustee when any Securities are listed on any stock exchange. 
  

	 	Section 7.04.	Reports by Company. 

 The Company shall: 

(1) file with the Trustee, within fifteen (15) days after the Company is required to file the same with the Commission,
copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Company may be required to
file with the Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934; or, if the Company is not required to file information, documents or reports pursuant to either of said Sections, then it shall file
with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13
of the Securities Exchange Act of 1934 in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 

(2) file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the
Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as may be required from time to lime by such rules and regulations; and 

(3) transmit by mail to all Holders, as their names and addresses appear in the Security Register, within thirty (30) days
after the filing thereof with the Trustee, such summaries of any information, documents and reports required to be filed by the Company pursuant to paragraphs (1) and (2) of this Section as may be required by rules and regulations
prescribed from time to time by the Commission. 

  
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 The Company will be deemed to have filed or furnished such reports and summaries to the Trustee
and the Holders of Securities if it has filed or furnished such reports with or to the Commission using the EDGAR filing system and such reports and summaries are publicly available. 

Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such
shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officer’s Certificates). 
 ARTICLE EIGHT 

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
  

	 	Section 8.01.	Company May Consolidate, Etc., on Certain Terms. 

 (a) The Company shall not consolidate
or merge with or into another Person (whether or not the Company is the surviving corporation) or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the properties or assets of the Company and its Subsidiaries
taken as a whole, in one or more related transactions, to another Person, unless: 
 (1) either: 

(A) the Company is the surviving corporation; or 

(B) the Person formed by or surviving any such consolidation or merger (if other than the Company) or to which such sale,
assignment, transfer, lease, conveyance or other disposition has been made is an entity organized or existing under the laws of the United States, any state of the United States or the District of Columbia; 

(2) the Person formed by or surviving any such consolidation or merger (if other than the Company) or the Person to which such
sale, assignment, transfer, lease, conveyance or other disposition has been made assumes all the obligations of the Company under the Securities and this Indenture pursuant to an agreement reasonably satisfactory to the Trustee; and 

(3) immediately after such transaction, no Event of Default has occurred and is continuing. 

(b) This Section 8.01 will not apply to any sale, assignment, transfer, conveyance, lease or other disposition of assets between or among
the Company and its Subsidiaries or any merger or consolidation of the Company (1) with or into one of its Subsidiaries for any purpose, or (2) with or into an Affiliate solely for the purpose of reincorporating the Company in another
jurisdiction. 
  

	 	Section 8.02.	Successor Substituted. 

 Upon any consolidation or merger, or any sale, assignment,
transfer, lease, conveyance or other disposition of all or substantially all of the properties or assets of the Company in a transaction that is subject to, and that complies with the provisions of, Section 8.01 hereof, the successor Person
formed by 

  
 -29- 

 
such consolidation or into or with which the Company is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for
(so that from and after the date of such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall refer instead to the successor Person and
not to the Company), and may exercise every right and power of the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein; provided, however, that the predecessor Company shall not
be relieved from the obligation to pay the principal of, premium on, if any, and interest on, if any, the Securities except in the case of a sale of all or substantially all of the Company’s assets in a transaction that is subject to, and that
complies with the provisions of, Section 8.01 hereof. 
 ARTICLE NINE 

SUPPLEMENTAL INDENTURES 
  

	 	Section 9.01.	Supplemental Indentures Without Consent of Holders. 

 Without the consent of any Holders,
the Company and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 

(1) to cure any ambiguity or to correct or supplement any provision contained herein or in any supplemental indenture that may
be defective or inconsistent with any other provision contained herein or in any supplemental indenture; 
 (2) to convey,
transfer, assign, mortgage or pledge to the Trustee as security for the Securities any property or assets and to secure, or, if applicable, provide additional security for, any Securities and to provide for matters relating thereto, and to provide
for the release of any collateral as security for any Securities; 
 (3) to evidence the succession of another entity to the
Company, or successive successions, and the assumption by the successor entity of the covenants, agreements and obligations of the Company herein and in the Securities, and to provide for the assumption of the Company’s obligations to Holders
of the Securities in the case of a merger or consolidation or sale of all of substantially all of the Company’s assets; 

(4) to add to the covenants of the Company for the benefit of the Holders of the Securities or to surrender any right or power
herein conferred upon the Company; 
 (5) to add any additional Events of Default; 

(6) to reflect any amendments, modifications or other changes to the Plan that by the terms of the Plan or this Indenture may
be made at the discretion of the Committee; 
 (7) to modify, suspend or eliminate any of provisions herein providing for the
right of the Company to redeem, or the right of the Holders to cause the Company to redeem, the Securities; provided, however, that no such modification, suspension or elimination shall affect the right of any Holder unless the Company shall
have provided notice of such proposed action to such Holder in sufficient time prior to its effective date to allow such Holder to redeem its Securities in accordance with the terms in effect prior to the effective date of such modification,
suspension or elimination, and provided further that no such modification, suspension or elimination may diminish the principal of any Security or unpaid interest on any Security; 

  
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 (8) to evidence and provide for the acceptance of appointment hereunder by a
successor trustee with respect to the Securities and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than the one Trustee, pursuant to
the requirements of Section 6.11, or to comply with the rules of any applicable securities depository; 
 (9) to change
or eliminate any of the provisions of this Indenture, provided that any such change or elimination shall not apply to any outstanding Security issued prior to the execution of such supplemental indenture which is entitled to the benefit of such
provision; 
 (10) to make any change that would provide any additional rights or benefits to the Holders of the Securities
or that does not materially adversely affect the legal rights hereunder of any Holder of the Securities; 
 (11) to amend or
supplement any provision contained herein, which was required to be contained herein in order for this Indenture to be qualified under the Trust Indenture Act, if the Trust Indenture Act or regulations thereunder change what is so required to be
included in qualified indentures, in any manner not inconsistent with what then may be required for such qualification; or 

(12) to make any other provisions with respect to matters or questions arising under this Indenture, provided that such action
pursuant to this clause shall not adversely affect in any material respect the interests of the Holders of any Securities outstanding on the date of such indenture supplemental hereto. 

 

	 	Section 9.02.	Supplemental Indentures With Consent of Holders. 

 With the consent of the Holders of not
less than a majority in principal amount of the Outstanding Securities, by Act of said Holders delivered to the Company and the Trustee, the Company and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of
adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of Securities under this Indenture; provided, however, that no such supplemental
indenture shall, without the consent of the Holder of each Outstanding Security affected thereby, 
 (1) change the character
of the Securities from being payable on demand or reduce the principal amount of or the unpaid interest on any Security or impair the right to institute suit for the enforcement of any such payment on or after the applicable due date thereof (or, in
the case of redemption, on or after the Redemption Date), or 
 (2) reduce the percentage in principal amount of the
Outstanding Securities, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver of compliance with certain provisions of this Indenture or certain defaults hereunder
and their consequences provided for in this Indenture, or 
 (3) change any obligation of the Company, with respect to
Outstanding Securities, to maintain an office or agency for the purposes specified in Section 10.02, or 

  
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 (4) modify any of the provisions of this Section or Section 5.13, except to
increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby. 

It shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but
it shall be sufficient if such Act shall approve the substance thereof. 
  

	 	Section 9.03.	Execution of Supplemental Indentures. 

 In executing, or accepting the additional trusts
created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 6.01) shall be fully protected in relying
upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
  

	 	Section 9.04.	Effect of Supplemental Indentures. 

 Upon the execution of any supplemental indenture
under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered
hereunder shall be bound thereby. 
  

	 	Section 9.05.	Conformity with Trust Indenture Act. 

 Every supplemental indenture executed pursuant to
this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 
 ARTICLE TEN 

COVENANTS 
  

	 	Section 10.01.	Administration of Plan; Payment of Principal and Interest. 

 (a) The Company covenants
and agrees to maintain and administer the Plan and the Securities issued pursuant thereto in accordance with the provisions of the Plan, as the same may from time to time be in force and effect, and this Indenture; provided, however, that
nothing herein shall prevent the Company from exercising any of its rights to amend, modify or terminate the Plan, or to adopt, amend or rescind the rules established under the Plan, as provided therein. 

(b) The Company covenants and agrees for the benefit or Holders of Securities that it will duly and punctually pay the principal of and
interest on the Securities in accordance with the terms of the Plan and this Indenture. Interest will accrue on the Securities in accordance with the provisions of the Plan. The interest rate on the Securities shall be determined in accordance with
the provisions of the Plan. Interest rates will vary from time to time. There are no minimum or maximum interest rates. In the event of a change in the rate of interest to be paid on the Securities, the Company will promptly make available to the
Trustee and the Agent Bank the new rate. The failure by the Trustee or the Agent Bank to receive notice of such change shall not affect the validity or effectiveness of such change. 

  
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 (c) The Company covenants and agrees to maintain (i) a Paying Agent for the purpose of
making payments of principal of and interest on the Securities, and (ii) an Agent Bank for the purpose of administering the Plan in accordance with the terms thereof and of the Indenture. The Company will give prompt notice to the Trustee and
the Holders of the notice address, and any change in the notice address, of any Paying Agent or the Agent Bank. 
  

	 	Section 10.02.	Maintenance of Security Register; Maintenance of Office or Agency. 

 (a) The Company
will, or will cause the Agent Bank or another agent of the Company to, keep proper books of record and account in which full and correct entries shall be made of all funds invested in the Securities, together with interest accrued thereon, and all
redemptions thereof, and which shall contain the names and addresses of all Holders and the principal amounts of their respective Securities (collectively, the “Security Register”). 

(b) The Company will maintain in the City of Fort Worth, Texas an office or agency where notices and demands hereunder may be served upon the
Company or the Committee, as appropriate, in respect of the Securities and this Indenture. The Company will give prompt written notice to the Trustee and the Holders of the location, and any change in the location, of any such office or agency. If
at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such notices and demands may be made or served at the Corporate Trust Office of the Trustee. 

 

	 	Section 10.03.	Money for Securities Payments to be Held in Trust. 

 Whenever the Company shall have one
or more Paying Agents, it will, on or prior to each due date of the principal of, or interest on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or interest so becoming due, such sum to be held in trust for the
benefit of the Persons entitled to such principal or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its failure so to act. 

The Company will cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent
shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: 
 (1) hold all sums
held by it for the payment of the principal of or interest on Securities in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 

(2) give the Trustee notice of any default by the Company (or any other obligor upon the Securities) in the making of any
payment of principal or interest on the Securities; and 
 (3) at any time during the continuance of any such default, upon
the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 
 The Company may at any
time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such
sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further
liability with respect to such money. 

  
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 Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust
for the payment of the principal of or interest on any Security and remaining unclaimed for one year after such principal or interest has become due and payable shall be paid to the Company on request of the Company; and the Holder of such Security
shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall
thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in a newspaper published in the English language,
customarily published on each Business Day and of general circulation in the Borough of Manhattan, The City of New York, New York, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30
days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
  

	 	Section 10.04.	Certificate of Officers of the Company. 

 Within 90 days after the end of each fiscal
year, the Company will deliver to the Trustee a certificate of the principal executive officer, principal financial officer or principal accounting officer stating whether or not the signer has obtained knowledge of any action or failure to act on
the part of the Company during the preceding calendar year in violation of any covenant, agreement, provision or condition contained in this Indenture and, if so, specifying each such default of which the signer may have knowledge and the nature
thereof. For purposes of this Section 10.04, compliance shall be determined without regard to any period of grace or requirement of notice provided pursuant to the terms of this Indenture. 

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

			
	General Motors Financial Company, Inc.
		
	By:	 	 /s/ Chris A. Choate

	Name:	 	Chris A. Choate
	Title:	 	Executive Vice President and Chief Financial Officer
	
	U.S. Bank National Association
		
	By:	 	 /s/ James Kowalski

	Name:	 	James Kowalski
	Title:	 	Vice President

 [Indenture Signature Page]

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